Daily i-forex-report-1 by epic research 06 may 2013

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Daily i-forex-report-1 by epic research 06 may 2013

  1. 1. DAILY I FOREX REPORT6thMAY 2013WWW.EPICRESEARCH.CO +91 9752199966
  2. 2. WWW.EPICRESEARCH.CO +91 9752199966 Dollar Finds Support, S&P500 Still Struggling with1600 Mark Pound Climbs on aContinued Rise in UK PMIfor Services European CommissionLowers the Euro-zoneGrowth EstimateEuro Slammed by ECB Rate Cut,Threats for MoreThe European Central Bank (ECB) met economists’expectations for a 25 basis point benchmark rate cut,but they would also go further in their effort to providesupport to the region’s strained economy andfinancial system. Alone, lowering the key lending rateto 0.50 percent does little to further improve theEurozone’s health as there are clear issues withtransmitting the benefits of previous policy moves toperiphery economies (like Greece, Cyprus, Spain, etc)much less individuals and smaller businesses.Therefore, had the central bank simple taken thisstep, the euro may not have dropped. Yet, tumble itdid with EURUSD moving back to 1.3050 and EURGBPbouncing at 0.8400. To further show commitment,ECB President Draghi also lowered the marginallending rate 50 bps to 1.00 percent, noted that thegrowth outlook was tipped to the ‘downside’ and theywould remain open to negative rates on deposits.TRADING TIPS SELL EURUSD BELOW1.3062 tgs 1.3042/1.3022sl 1.3092 BUY USDJPY ABOVE 98.30tgt 98.50/98.70 SL 98.00 SELL GBPUSD BELOW1.5515 Tgt 1.5495/1.5475SL 1.5545HEADLINES
  3. 3.  HOURLY EURUSD CHARTHOURLY EURUSD CHARTANALYSISOPEN: 1.3066 EURUSD LOOKS UPWARDHIGH: 1.3137 TREND: BULLISHLOW: 1.3062 STRATEGY: BUY ON DIPSCLOSE: 1.3102 MACD =>.0003(BULLISH SIGNAL)RSI => 51(BULLISH SIGNAL)
  4. 4. HOURLY USDJPY CHARTANALYSISOPEN: 97.94 USDJPY LOOKS DOWNWARDSHIGH: 98.25 TREND: BEARISHLOW: 97.94 STRATEGY: SELL ON RISECLOSE: 98.03 MACD =>.12(BEARISH SIGNAL)RSI => 57(BEARISH SIGNAL)
  5. 5. www.epicresearch.co + 91 9752199966HOURLY GBPUSD CHARTANALYSISOPEN: 1.5534 GBPUSD LOOKS UPWARDHIGH: 1.5571 TREND: BULLISHLOW: 1.5520 STRATEGY: BUY ON DIPSCLOSE: 1.5553 MACD =>.0001(BULLISH SIGNAL)RSI => 58(BULLISH SIGNAL)
  6. 6. HOURLY EURGBP CHARTANALYSISOPEN: 00.8411 EURGBP LOOKS DOWNWARDSHIGH: 00.8449 TREND: BEARISHLOW: 00.8410 STRATEGY: SELL ON RISECLOSE: 00.8423 MACD =>.0002(BEARISH SIGNAL)RSI => 46(BEARISH SIGNAL)
  7. 7. www.epicresearch.co + 91 9752199966HOURLY USD INDEX CHARTANALYSISOPEN: 82.2240 USDINDEX LOOKS UPWARDSHIGH: 82.2490 TREND: BULLISHLOW: 81.9170 STRATEGY: BUY ON DIPSCLOSE: 81.9650 MACD =>.0643(BEARISH SIGNAL)RSI => 52(BEARISH SIGNAL)
  8. 8. Date Time Currency Event Importance Actual Forecast Previous NotesSunApr 2823:01GBP HometrackHousing Survey (MoM)(APR)Low 0.3% 0.3%23:01GBP HometrackHousing Survey (YoY)(APR)Low 0.2% 0.0%23:01GBP Lloyds BusinessBarometer (APR)Low 27 20MonApr 29CNY Leading Index(MAR)Medium 100.2309:00EUR Euro-ZoneBusiness ClimateIndicator (APR)Medium -0.93 -0.91 -0.7509:00EUR Euro-ZoneConsumer Confidence(APR F)Medium -22.3 -22.3 -22.309:00EUR Euro-ZoneEconomic Confidence(APR)Low 88.6 89.3 90.109:00EUR Euro-ZoneIndustrial Confidence(APR)Low -13.8 -13.5 -12.309:00EUR Euro-ZoneServices Confidence(APR)Low -11.1 -7.1 -7.009:00EUR Italy to Sell 5 and10-Year BondsLow10:30EUR EUs Task Forcefor Greece ReleasesQuarterly ReportMedium12:25EUR GermanConsumer Price Index -EU Harmonised (YoY)(APR P)High 1.1% 1.7% 1.8%12:25EUR GermanConsumer Price Index(YoY) (APR P)High 1.2% 1.4% 1.4%12:25EUR GermanConsumer Price Index -EU Harmonised (MoM)(APR P)Medium -0.5% -0.1% 0.4%12:25EUR GermanConsumer Price Index(MoM) (APR P)Medium -0.5% -0.2% 0.5%12:30USD PersonalConsumptionExpenditure Core(YoY) (MAR)High 1.1% 1.2% 1.3%12:30USD PersonalConsumptionExpenditure Core(MoM) (MAR)Medium 0.0% 0.1% 0.1%ECONOMIC CALLENDER
  9. 9. 12:30USD Personal Income(MAR)Medium 0.2% 0.4% 1.1%12:30USD PersonalSpending (MAR)Medium 0.2% 0.0% 0.7%12:30USD PersonalConsumptionExpenditure Deflator(MoM) (MAR)Low -0.1% -0.1% 0.4%12:30USD PersonalConsumptionExpenditure Deflator(YoY) (MAR)Low 1.0% 1.0% 1.3%14:00USD Pending HomeSales (YoY) (MAR)Medium 5.8% 6.1% 4.3%14:00USD Pending HomeSales (MoM) (MAR)Low 1.5% 1.0% -1.0%14:30USD Dallas FedManufacturing Activity(APR)Low -15.6 5.0 7.422:45NZD Building Permits(MoM) (MAR)Low -9.1% 2.0% 4.4%23:01GBP GfK ConsumerConfidence Survey(APR)Medium -27 -26 -2623:30JPY HouseholdSpending (YoY) (MAR)Medium 5.2% 1.6% 0.8%23:30JPY Jobless Rate(MAR)Medium 4.1% 4.2% 4.3%23:50JPY IndustrialProduction (YoY) (MARP)Medium -7.3% -7.2% -10.5%23:50JPY Large RetailersSales (MAR)Medium 2.4% 1.8% -3.7%23:50JPY Retail Trade (YoY)(MAR)Medium -0.3% 0.4% -2.2%23:50JPY IndustrialProduction (MoM)(MAR P)Low 0.2% 0.4% 0.6%23:50JPY Retail Trade s.a.(MoM) (MAR)Low -1.4% -0.8% 1.7%TueApr 3001:00NZD NBNZ BusinessConfidence (APR)Medium 32.3 34.601:00NZD ANZ ActivityOutlook (APR)Low 30.3 32.401:30AUD Private SectorCredit (MoM) (MAR)Medium 0.2% 0.3% 0.2%01:30AUD Private SectorCredit (YoY) (MAR)Medium 3.2% 3.2% 3.4%03:00NZD Money Supply M3(YoY) (MAR)Low 7.0% 6.6%04:00JPY Vehicle Production(YoY) (MAR)Low -16.4% -15.1%
  10. 10. 05:00JPY AnnualizedHousing Starts (MAR)Medium 0.904M 0.890M 0.944M05:00JPY Housing Starts(YoY) (MAR)Medium 7.3% 6.0% 3.0%05:00JPY ConstructionOrders (YoY) (MAR)Low -3.4% 16.3%06:00EUR German GfKConsumer ConfidenceSurvey (MAY)Medium 6.2 5.9 6.006:00EUR German RetailSales (YoY) (MAR)Medium -2.8% -1.2% -2.6%06:00EUR German RetailSales (MoM) (MAR)Low -0.3% -0.3% -0.6%07:00EUR CyprusParliament Vote onBailout DealMedium07:00CHF SNB Releases Q1Currency HoldingsLow07:55EUR GermanUnemployment Change(APR)High 4K 2K 12K07:55EUR GermanUnemployment Rates.a. (APR)Medium 6.9% 6.9% 6.9%08:00EUR ItalianUnemployment Rate(SA) (MAR P)Medium 11.5% 11.7% 11.5%08:30GBP Net ConsumerCredit (MAR)Medium 0.5B 0.5B 0.5B08:30GBP Net Lending Sec.on Dwellings (MAR)Medium 0.4B 0.6B 0.8B08:30GBP M4 Ex IOFCs 3MAnnualised (MAR)Low 4.6% 3.1% 3.2%08:30GBP M4 Money Supply(MoM) (MAR)Low -0.9% -0.5%08:30GBP M4 Money Supply(YoY) (MAR)Low 0.3% 0.6%08:30GBP MortgageApprovals (MAR)Low 53.5K 52.7K 51.9K09:00EUR Euro-ZoneConsumer Price IndexEstimate (YoY) (APR)High 1.2% 1.6% 1.7%09:00EUR Euro-ZoneUnemployment Rate(MAR)High 12.1% 12.1% 12.0%12:30CAD Gross DomesticProduct (YoY) (FEB)High 1.7% 1.3% 1.1%12:30CAD Gross DomesticProduct (MoM) (FEB)Medium 0.3% 0.2% 0.3%12:30CAD Industrial ProductPrice (MoM) (MAR)Low 0.1% 0.0% 1.3%12:30CAD Raw MaterialsPrice Index (MoM)Low -1.7% 0.5% 2.2%
  11. 11. (MAR)12:30USD Employment CostIndex (1Q)Low 0.3% 0.5% 0.4%13:00USD NAPM-Milwaukee(APR)Low 48.43 51.50 50.9813:00USD S&P/CS 20 Citys.a. (MoM) (FEB)Low 1.24% 0.90% 1.00%13:00USD S&P/Case-ShillerComposite-20 (YoY)(FEB)Low 9.3% 9.0% 8.1%13:00USD S&P/Case-ShillerHome Price Index(FEB)Low 146.57 146.43 146.1413:45USD ChicagoPurchasing Manager(APR)Medium 49.0 52.5 52.414:00USD ConsumerConfidence (APR)High 68.1 61.0 61.923:30AUD AiG Performanceof Manufacturing Index(APR)Medium 36.7 44.4WedMay 100:00AUD RPData-RismarkHouse PX Actual (APR)Low -0.5% 1.3%01:00CNY ManufacturingPMI (APR)High 50.6 50.7 50.901:00AUD HIA New HomeSales (MoM) (MAR)Medium 4.2% -5.3%01:30JPY Labor CashEarnings (YoY) (MAR)Medium -0.6% -1.2% -0.8%05:00JPY Vehicle Sales(YoY) (APR)Low -15.6%06:00GBP Nationwide HousePrices n.s.a. (YoY)(APR)Medium 1.3% 0.8%06:00GBP Nationwide HousePrices s.a. (MoM)(APR)Low 0.3% 0.0%06:30AUD RBA CommodityIndex SDR (YoY)(APR)Low -7.5%06:30AUD RBA CommodityPrice Index (APR)Low 87.908:30GBP PurchasingManager IndexManufacturing (APR)Medium 48.5 48.311:00USD MBA MortgageApplications (APR 26)Low 0.2%12:15USD ADP EmploymentChange (APR)Medium 150K 158K12:58USD Markit US PMIFinal (APR)Low 52.014:00USD ISMManufacturing (APR)High 50.6 51.3
  12. 12. 14:00USD ConstructionSpending (MoM) (MAR)Medium 0.6% 1.2%14:00USD ISM Prices Paid(APR)Medium 52.6 54.514:30USD DOE Cushing OKCrude Inventory (ARP26)Low 35K14:30USD DOE U.S. CrudeOil Inventories (ARP26)Low 1100K 947K14:30USD DOE U.S.Distillate Inventory(ARP 26)Low 250K 97K14:30USD DOE U.S.Gasoline Inventories(ARP 26)Low -900K -3928K18:00USD Federal OpenMarket Committee RateDecision (MAY 1)High 0.25% 0.25%18:00LIVEUSD Federal ReserveFOMC Meeting (MAY1)High21:00USD Domestic VehicleSales (APR)Low 12.00M 12.00M21:00USD Total VehicleSales (APR)Low 15.22M 15.22M23:50JPY Monetary Base(YoY) (APR)Low 19.8%ThuMay 2GBP Halifax HousePrice (3MoY) (APR)Low 1.3%GBP Halifax Plc HousePrices s.a. (MoM)(APR)Low 0.2%JPY Official ReserveAssets (APR)Low $1254.4B01:00NZD ANZ CommodityPrice (APR)Low 7.4%01:30AUD BuildingApprovals (MoM)(MAR)Low 1.0% 3.1%01:30AUD BuildingApprovals (YoY) (MAR)Low 13.6% 12.8%01:30AUD Export Price Index(QoQ) (1Q)Low 4.5% -2.4%01:30AUD Import Price Index(QoQ) (1Q)Low -0.5% 0.3%01:45CNY HSBCManufacturing PMI(APR)Medium 50.6 51.607:30CHF SVME-PurchasingManagers Index (APR)Medium 49.0 48.307:45EUR Italian PurchasingManager IndexManufacturing (APR)Medium 45.0 44.5
  13. 13. 07:50EUR FrenchPurchasing ManagerIndex Manufacturing(APR F)Medium 44.4 44.407:55EUR GermanPurchasing ManagerIndex Manufacturing(APR F)Medium 47.9 47.908:00EUR Euro-ZonePurchasing ManagerIndex Manufacturing(APR F)Medium 46.5 46.508:30GBP PurchasingManager IndexConstruction (APR)Medium 48.0 47.211:30USD Challenger JobCuts (YoY) (APR)Low 30.0%11:30USD RBC ConsumerOutlook Index (MAY)Low 50.311:45LIVEEUR European CentralBank Rate Decision(MAY 2)High 0.50% 0.75%11:45EUR European CentralBank Deposit FacilityRate (MAY 2)Medium 0.0% 0.0%12:30USD Initial JoblessClaims (ARP 26)Medium 345K 339K12:30USD Trade Balance(MAR)Medium -$42.3B -$43.0B12:30CAD InternationalMerchandise Trade(Canadian dollar)(MAR)Low -0.70B -1.02B12:30USD Continuing Claims(APR 20)Low 3030K 3000K12:30USD Non-FarmProductivity (1Q P)Low 1.0% -1.9%12:30USD Unit Labor Costs(1Q P)Low 0.7% 4.6%13:45USD ISM New York(APR)Low 51.214:30USD EIA Natural GasStorage Change (ARP26)Low 30.023:30AUD AiG Performanceof Service Index (APR)Medium 49.6FriMay 301:00CNY Non-manufacturing PMI(APR)Medium 55.601:30AUD Producer PriceIndex (QoQ) (1Q)Medium 0.2%01:30AUD Producer PriceIndex (YoY) (1Q)Medium 1.0%06:00CHF UBS Real EstateBubble Index (1Q)Medium 1.11
  14. 14. 08:30GBP PurchasingManager IndexServices (APR)Medium 52.4 52.408:30GBP Official Reserves(Changes) (APR)Low $202M09:00EUR Euro-ZoneProducer Price Index(YoY) (MAR)High 0.6% 1.3%09:00EUR Euro-ZoneProducer Price Index(MoM) (MAR)Medium -0.2% 0.2%12:30LIVEUSD Change in Non-farm Payrolls (APR)High 150K 88K12:30USD UnemploymentRate (APR)High 7.6% 7.6%12:30USD Average HourlyEarning All Employees(MoM) (APR)Medium 0.2% 0.0%12:30USD Average HourlyEarning All Employees(YoY) (APR)Medium 1.9% 1.8%12:30USD Change in PrivatePayrolls (APR)Medium 160K 95K12:30USD Average WeeklyHours All Employees(APR)Low 34.6 34.612:30USD Change inHouseholdEmployment (APR)Low -20612:30USD Change inManufacturing Payrolls(APR)Low 5K -3K12:30USD Two-MonthPayroll Net Revision(APR)Low12:30USD UnderemploymentRate (U6) (APR)Low 13.8%14:00USD Factory Orders(MAR)Medium -3.0% 3.0%14:00USD ISM Non-ManufacutringComposite (APR)Medium 54.0 54.416:45USD Feds LackerSpeaks on theEconomy in VirginiaLowwww.epicresearch.co + 91 9752199966
  15. 15. www.epicresearch.co + 91 9752199966DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but wedo not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose theproduct/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein isbased on analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report doesnot provide individually tailor-made investment advice. Epic research recommends that investors independentlyevaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.Epic research shall not be responsible for any transaction conducted based on the information given in this report,which is in violation of rules and regulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epicresearch might be holding positions in the stocks recommended. It is understood that anyone who is browsingthrough the site has done so at his free will and does not read any views expressed as a recommendation for whicheither the site or its owners or anyone can be held responsible for . Any surfing and reading of the information isthe acceptance of this disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any lossincurred whatsoever for any financial profits or loss which may arise from the recommendations above epicresearch does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid OrUnpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or AnyInformation Provided by us to/with anyone which is received directly or indirectly by them. If found so then SeriousLegal Actions can be taken.

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