1. DAILY I FOREX REPORT
16TH
JULY 2013
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2. WWW.EPICRESEARCH.CO +91 7316642300
 Chinese GDP Sets Table For Improved
Risk Amid CPI Data From EZ, UK, US
 Aussie Holds Ground as Chinese GDP
Fears Fail to Materialize; Yen Weakest
ASIA/EUROPE FOREX NEWS WRAP
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has edged higher to
start the week and has nearly taken back all of its losses since Wednesday,
when Fed Chairman Bernanke deployed dovish rhetoric as a way of pushing
US Treasury yields lower once more. With the US economy showing signs of
improvement in key sectors, market participants will be watching today’s US
Advance Retail Sales report for June for confirmation that gains in jobs and
housing in recent weeks are reflective of improved consumption trends.
The data today is one of two key prints out of the United States before
Wednesday’s fireworks, when Fed Chairman Bernanke takes to Capitol Hill
for his likely last semiannual testimony in front of Congress. While today’s
consumption report should show a stronger US economy, tomorrow’s
inflation data – the other key report – suggests that the US economy isn’t
growing fast enough to warrant a withdrawal of stimulus.
As the market tries to peg where Chairman Bernanke’s bias will lay on
Wednesday, risk appetite has seen a nice boost to start the week after the
2Q’13 Chinese GDP report. Although the headline missed expectations, the
annualized print of +7.5% came short of the +7.7% consensus forecast (and
+7.7% model estimate), there had been growing chatter the past week or two
that a print near +7.0% should be expected; needless to say, the report can be
viewed as somewhat positive in that regard. Accordingly, the Australian
Dollar, facing record short positioning among speculative traders, is seeing
relief as well; and the AUDJPY is outperforming as a result.
Read more: Chinese GDP Sets Table for Improved Risk amid
CPI Data from EZ, UK, US
Taking a look at European credit, peripheral yields are mostly mixed but
Portugal continues to underperform and lead. The Italian 2-year note yield
has decreased to 1.710% (-0.4-bps) while the Spanish 2-year note yield has
increased to 2.040% (-1.7-bps). Similarly, the Italian 10-year note yield has
increased to 4.481% (+0.1-bps) while the Spanish 10-year note yield has
decreased to 4.756% (-0.9-bps); higher yields imply lower prices.
TRADING TIPS
 SELL EURUSD BELOW
1.3000 TGT 1.2980/1.2960
SL 1.3030
 BUY USDJPY ABOVE 100.50
TGT 100.70/100.90 SL
100.20
 SELL GBPUSD BELOW
1.5030 TGT 1.5010/1.4990
SL 1.5060
HEADLINES

3.  HOURLY EURUSD CHARTHOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.0030 (BEARISH SIGNAL)
RSI => 39 (BEARISH SIGNAL)
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4. HOURLY USDJPY CHART
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ANALYSIS
USDJPY LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.10(BEARISH SIGNAL)
RSI =>76(BEARISH SIGNAL)

5. HOURLY GBPUSD CHART
www.epicresearch.co + 91 7316642300
ANALYSIS
GBPUSD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.0002(BEARISH SIGNAL)
RSI =>31(BEARISH SIGNAL)

6. www.epicresearch.co + 91 7316642300
HOURLY EURGBP CHART
ANALYSIS
EURGBP LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0004(BULLISH SIGNAL)
RSI =>53(BULLISH SIGNAL)

7. HOURLY USD INDEX CHART
ANALYSIS
USD INDEX LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0138(BULLISH SIGNAL)
RSI =>57(BULLISH SIGNAL)

8. Date Time Currency Event Importance Actual Forecast Previous Notes
Sun
Jul 14
CNY Actual FDI (YoY)
(JUN)
Medium 0.7% 0.3%
22:30
NZD Performance
Services Index (JUN)
Medium 55.0 56.0
23:01
GBP Rightmove House
Prices (MoM) (JUL)
Low 0.3% 1.2%
23:01
GBP Rightmove House
Prices (YoY) (JUL)
Medium 4.8% 2.7%
Mon
Jul 15
01:30
AUD New Motor
Vehicle Sales (MoM)
(JUN)
Low 4.0% 0.0%
01:30
AUD New Motor
Vehicle Sales (YoY)
(JUN)
Low 7.1% 0.2%
02:00
CNY Business Climate
Index (2Q)
Low 120.6 125.6
02:00
CNY Real GDP YTD
(YoY) (2Q)
High 7.6% 7.7% 7.7%
02:00
CNY Entrepreneur
Confidence Index (2Q)
Low 117.0 122.4
02:00 CNY GDP (YoY) (2Q) High 7.5% 7.5% 7.7%
02:00
CNY Real GDP (QoQ)
(2Q)
High 1.7% 1.8% 1.6%
02:00
CNY Industrial
Production YTD (YoY)
(JUN)
Medium 9.3% 9.3% 9.4%
02:00
CNY Industrial
Production (YoY) (JUN)
Medium 8.9% 9.1% 9.2%
02:00
CNY Fixed Assets Inv
Excl. Rural YTD (YoY)
(JUN)
Medium 20.1% 20.2% 20.4%
02:00
CNY Retail Sales YTD
(YoY) (JUN)
Medium 12.7% 12.7% 12.6%
02:00
CNY Retail Sales (YoY)
(JUN)
Medium 13.3% 12.9% 12.9%
07:15
CHF Producer & Import
Prices (MoM) (JUN)
Low 0.1% 0.1% -0.3%
07:15
CHF Producer & Import
Prices (YoY) (JUN)
Low 0.2% 0.2% -0.2%
12:00
USD Fed's Tarullo
Speaks on Banking
Regulation in
Washington
Low
12:30
USD Empire
Manufacturing (JUL)
Low 5 7.84
ECONOMIC CALLENDER

9. 12:30
USD Advance Retail
Sales (JUN)
High 0.7% 0.6%
12:30
USD Retail Sales Less
Autos (JUN)
Medium 0.4% 0.3%
12:30
USD Retail Sales Ex
Auto & Gas (JUN)
Low 0.3% 0.3%
12:30
USD Retail Sales
"Control Group" (JUN)
Low 0.4% 0.3%
13:00
CAD Existing Home
Sales (MoM) (JUN)
Medium 3.6%
14:00
USD Business
Inventories (MAY)
Medium 0.2% 0.3%
21:00
USD EIA Gasoline and
Diesel Fuel Update
Low
22:45
NZD Consumer Prices
Index (QoQ) (2Q)
Medium 0.3% 0.4%
22:45
NZD Consumer Prices
Index (YoY) (2Q)
Medium 0.8% 0.9%
Tue
Jul 16
01:30
AUD RBA Policy
Meeting - July Minutes
High
04:00
JPY Tokyo
Condominium Sales
(YoY) (JUN)
Low 49.20%
06:00
EUR EU 25 New Car
Registrations (JUN)
Low -5.9%
08:30
GBP Producer Price
Index Input n.s.a.
(MoM) (JUN)
Low -0.2% -0.3%
08:30
GBP Producer Price
Index Input n.s.a. (YoY)
(JUN)
Low 4.2% 2.2%
08:30
GBP Producer Price
Index Output n.s.a.
(MoM) (JUN)
Low 0.1% 0.0%
08:30
GBP Producer Price
Index Output n.s.a.
(YoY) (JUN)
Medium 1.9% 1.2%
08:30
GBP Producer Price
Index Output Core
n.s.a. (MoM) (JUN)
Low 0.1% 0.1%
08:30
GBP Producer Price
Index Output Core
n.s.a. (YoY) (JUN)
Medium 1.1% 0.8%
08:30
GBP DCLG UK House
Prices (YoY) (MAY)
Low 2.8% 2.6%
08:30
GBP Consumer Price
Index (MoM) (JUN)
Medium -0.1% 0.2%
08:30
GBP Consumer Price
Index (YoY) (JUN)
High 3.0% 2.7%
08:30
GBP Core Consumer
Price Index (YoY)
(JUN)
High 2.3% 2.2%
08:30
GBP Retail Price Index
(JUN)
Low 250 250
08:30
GBP Retail Price Index
(MoM) (JUN)
Low 0.0% 0.2%

10. 08:30
GBP Retail Price Index
(YoY) (JUN)
Low 3.4% 3.1%
08:30
GBP Retail Price Index
Ex Mort Int.Payments
(YoY) (JUN)
Low 3.4% 3.1%
09:00
EUR Euro-Zone
Consumer Price Index
(MoM) (JUN)
Medium 0.1% 0.1%
09:00
EUR Euro-Zone
Consumer Price Index
(YoY) (JUN F)
High 1.6% 1.6%
09:00
EUR Euro-Zone
Consumer Price Index -
Core (YoY) (JUN F)
High 1.2% 1.2%
09:00
EUR Euro-Zone Trade
Balance s.a. (euros)
(MAY)
Low 16.2B 16.1B
09:00
EUR Euro-Zone Trade
Balance (euros) (MAY)
Low 12.0B 14.9B
09:00
EUR Euro-Zone ZEW
Survey (Economic
Sentiment) (JUL)
Medium 30.6
09:00
EUR German ZEW
Survey (Current
Situation) (JUL)
Medium 9 8.6
09:00
EUR German ZEW
Survey (Economic
Sentiment) (JUL)
High 40 38.5
12:30
CAD Manufacturing
Shipments (MoM)
(MAY)
Low 1.0% -2.4%
12:30
USD Consumer Price
Index (MoM) (JUN)
Medium 0.3% 0.1%
12:30
USD Consumer Price
Index Ex Food &
Energy (MoM) (JUN)
Medium 0.2% 0.2%
12:30
USD Consumer Price
Index (YoY) (JUN)
High 1.6% 1.4%
12:30
USD Consumer Price
Index Ex Food &
Energy (YoY) (JUN)
High 1.6% 1.7%
12:30
USD Consumer Price
Index Core Index s.a.
(JUN)
Low 233.267
12:30
USD Consumer Price
Index n.s.a. (JUN)
Low 233.25 232.95
13:00
USD Total Net TIC
Flows (MAY)
Low $12.7B
13:00
USD Net Long-term TIC
Flows (MAY)
Medium -$37.3B
13:15
USD Industrial
Production (JUN)
Medium 0.003 0
13:15
USD Capacity
Utilization (JUN)
Low 0.777 0.776
13:15
USD Manufacturing
(SIC) Production (JUN)
Medium 0.20% 0.10%
14:00
USD NAHB Housing
Market Index (JUL)
Medium 51.0 52.0
18:15
USD Fed's George
Speaks on Economic
Conditions and
Agriculture
Low

11. 23:50
JPY Bank of Japan
June 10-11 meeting
minutes
High
Wed
Jul 17
00:30
AUD Westpac Leading
Index (MoM) (MAY)
Medium 0.6%
02:00
CNY Conference Board
China June Leading
Economic Index
Low
06:00
JPY Machine Tool
Orders (YoY) (JUN F)
Medium -12.4%
08:30
GBP Bank of England
Minutes
High
08:30
GBP Claimant Count
Rate (JUN)
Medium 4.5% 4.5%
08:30
GBP Jobless Claims
Change (JUN)
Medium -8.0K -8.6K
08:30
GBP Average Weekly
Earnings (3M/(YoY))
(MAY)
Low 1.4% 1.3%
08:30
GBP Weekly Earnings
exBonus (3M/(YoY))
(MAY)
Low 1.1% 0.9%
08:30
GBP ILO
Unemployment Rate
(3M) (MAY)
Medium 7.80% 7.80%
08:30
GBP Employment
Change (3M/3M) (MAY)
Medium 82K 24K
09:00
CHF ZEW Survey
(Expectations) (JUL)
Medium 2.2
09:00
EUR Euro-Zone
Construction Output
s.a. (MoM) (MAY)
Low 2.0%
09:00
EUR Euro-Zone
Construction Output
w.d.a. (YoY) (MAY)
Low -6.6%
11:00
USD MBA Mortgage
Applications (JUL 12)
Low -4.00%
12:30
CAD International
Securities Transactions
(Canadian dollar)
(MAY)
Low 14.91B
12:30
USD Housing Starts
(JUN)
Low 950K 914K
12:30
USD Housing Starts
(MoM) (JUN)
Medium 3.9% 6.8%
12:30
USD Building Permits
(JUN)
Low 1000K 974K
12:30
USD Building Permits
(MoM) (JUN)
Medium 1.5% -3.1%
14:00
CAD Bank of Canada
Rate Decision (JUL 17)
High 1.00% 1.00%
14:00
USD Fed's Bernanke
Delivers Semi-Annual
Policy Report to House
High
14:30
USD DOE U.S. Crude
Oil Inventories (JUL 12)
Low -9874K
14:30
USD DOE U.S.
Gasoline Inventories
(JUL 12)
Low -2634K

12. 14:30
USD DOE U.S.
Distillate Inventory (JUL
12)
Low 3038K
14:30
USD DOE U.S.
Refinery Utilization
(JUL 12)
Low 0.002
16:30
USD Fed's Raskin
Speaks at Exchequer
Club in Washington
Low
18:00
USD U.S. Federal
Reserve Releases
Beige Book
High
22:00
NZD ANZ Job
Advertisements (MoM)
(JUN)
Low -1.7%
Thu
Jul 18
00:00
AUD Conference Board
Leading Index (MAY)
Low 0.3%
01:00
NZD ANZ Consumer
Confidence Index (JUL)
Low 123.9
01:00
NZD ANZ Consumer
Confidence (MoM)
(JUL)
Low 0.20%
01:30
AUD NAB Business
Confidence (2Q)
Medium 2
01:30
CNY China June
Property Prices
Low
01:30
AUD RBA Foreign
Exchange Transaction
(Australian dollar)
(JUN)
Low 490M
01:30
AUD RBA FX
Transactions Other
(JUN)
Low 33M
03:30
AUD RBA FX
Transactions Govt.
(JUN)
Low
05:30
JPY Nationwide
Department Store Sales
(YoY) (JUN)
Low 2.6%
05:30
JPY Tokyo Department
Store Sales (YoY)
(JUN)
Low 5.1%
06:00
CHF Trade Balance
(Swiss franc) (JUN)
Medium 2.22B
06:00
CHF Exports (MoM)
(JUN)
Low 1.7%
06:00
CHF Imports (MoM)
(JUN)
Low 0.9%
08:00
EUR Euro-Zone
Current Account s.a.
(euros) (MAY)
Low 19.5B
08:00
EUR Euro-Zone
Current Account n.s.a.
(euros) (MAY)
Low 15.3B
08:30
GBP Retail Sales
(MoM) (JUN)
Low 0.2% 2.1%
08:30
GBP Retail Sales (YoY)
(JUN)
Medium 1.6% 2.1%
08:30
GBP Retail Sales
w/Auto Fuel (MoM)
(JUN)
Low 0.4% 2.1%
08:30
GBP Retail Sales
w/Auto Fuel (YoY)
(JUN)
Medium 1.8% 1.9%

13. 12:30
CAD Wholesale Sales
(MoM) (MAY)
Low 0.2%
12:30
USD Initial Jobless
Claims (JUL 12)
Medium 360K
12:30
USD Continuing Claims
(JUL 6)
Low 2977K
14:00
USD API Monthly
Statistical Report
Low
14:00
USD Fed's Bernanke
Delivers Semi-Annual
Policy Report to Senate
High
14:00
USD Philadelphia Fed.
(JUL)
Medium 6.8 12.5
14:00
USD Leading Indicators
(JUN)
Medium 0.003 0.001
14:30
USD EIA Natural Gas
Storage Change (JUL
12)
Low 82.0
22:45
NZD Net Migration s.a.
(JUN)
Low 1740
23:50
JPY Japan Buying
Foreign Bonds (Yen)
(JUL 12)
Medium ¥973.1B
23:50
JPY Japan Buying
Foreign Stocks (Yen)
(JUL 12)
Medium -¥14.1B
23:50
JPY Foreign Buying
Japan Bonds (Yen)
(JUL 12)
Low ¥3.5B
23:50
JPY Foreign Buying
Japan Stocks (Yen)
(JUL 12)
Low ¥486.9B
Fri
Jul 19
EUR G20 Finance
Ministers' and Central
Bank's Deputies
Meeting in Russia
High
EUR G20 Labour
Ministers Meeting in
Russia
High
EUR G20 Finance
Ministers and Central
Bank Governors
Meeting in Russia
High
03:00
NZD Credit Card
Spending s.a. (MoM)
(JUN)
Low -0.6%
03:00
NZD Credit Card
Spending (YoY) (JUN)
Medium 2.4%
04:30
JPY All Industry Activity
Index (MoM) (MAY)
Medium 1.2% 0.4%
05:00
JPY Leading Index
(MAY F)
Medium 110.5
05:00
JPY Coincident Index
(MAY F)
Low 105.9
06:00
EUR German Producer
Prices (MoM) (JUN)
Low -0.1% -0.3%
06:00
EUR German Producer
Prices (YoY) (JUN)
Low 0.6% 0.2%
08:30
GBP Public Finances
(PSNCR) (Pounds)
(JUN)
Medium 3.1B

14. 08:30
GBP PSNB ex
Interventions (JUN)
Medium 9.0B 8.8B
08:30
GBP Public Sector Net
Borrowing (Pounds)
(JUN)
Medium 9.3B 10.5B
12:30
CAD Consumer Price
Index (MoM) (JUN)
Medium 0.1% 0.2%
12:30
CAD Consumer Price
Index (YoY) (JUN)
High 1.3% 0.7%
12:30
CAD Bank Canada
Consumer Price Index
Core (MoM) (JUN)
Medium -0.3% 0.2%
12:30
CAD Bank Canada
Consumer Price Index
Core (YoY) (JUN)
High 1.3% 1.1%
12:30
CAD Consumer Price
Index s.a. (MoM) (JUN)
Low 0.1%
12:30
CAD Core CPI s.a.
(MoM) (JUN)
Low 0.0%
12:30
CAD Consumer Price
Index (JUN)
Low 123.0

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