Daily i-forex-report-1 by epic research 20 may 2013

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Daily i-forex-report-1 by epic research 20 may 2013

  1. 1. DAILY I FOREX REPORT20thMAY 2013WWW.EPICRESEARCH.CO +91 7316642300
  2. 2. WWW.EPICRESEARCH.CO +91 7316642300 British Pound Puts in forUniversal Advance in Wakeof BoE Minutes, Jobs Japanese Yen Gains LittleTraction after Strong GDPbut JGB Yields EaseDollar Avoids Tumble but Market More Criticalof Fed’s QE3 TalkThere was a bevy of Fed speakers this pastsession, but growing support of ‘tapering’ thecentral bank’s stimulus program (QE3) didn’tseem to generate much additional strength forthe greenback. While speculators are certainlytuned into the serious consequences shouldthe policy authority turn the boat around, wemay have reached a saturation level where thedollar bulls and risk bears need a materialescalation of this threat / opportunity. Lookingover the highlights from the newswiresThursday, we see clear support for pullingback on the stimulus that has spurred moralhazard and watered down the value of thegreenback. The Fed’s Plosser called for aneasing of the purchases starting in June andfull stop by year end, Williams echoed thosesentiments and Fisher took it furtherdiscussing the risks the program was inviting.These are compelling comments. The onlyproblem is that these FOMC members aren’tvoters. They can only influence from thesidelines. The majority of those that areweighing in on US monetary policy are farmore reserved and neutral.TRADING TIPS BUY EURUSD ABOVE1.2895 TGT 1.2915/1.2935SL 1.2865 SELL USDJPY BELOW102.05 TGT 101.85/101.65SL 102.35 BUY GBPUSD ABOVE1.5285 TGT 1.5305/1.5325SL 1.5255HEADLINES
  3. 3.  HOURLY EURUSD CHARTHOURLY EURUSD CHARTANALYSISOPEN: 1.2883 EURUSD LOOKS UPWARDHIGH: 1.2889 TREND: BULLISHLOW: 1.2850 STRATEGY: BUY ON DIPCLOSE: 1.2884 MACD =>-.0003(BULLISH SIGNAL)RSI => 53(BULLISJH SIGNAL)
  4. 4. HOURLY USDJPY CHARTANALYSISOPEN: 102.14 USDJPY LOOKS DOWNWARDHIGH: 102.63 TREND: BEARISHLOW: 102.11 STRATEGY: SELL ON RISECLOSE: 102.30 MACD =>.04(BEARISH SIGNAL)RSI => 49.17(BEARISHSIGNAL)
  5. 5. www.epicresearch.co + 91 7316642300HOURLY GBPUSD CHARTANALYSISOPEN: 1.5276 GBPUSD LOOKS UPWARDHIGH: 1.5280 TREND: BULLISHLOW: 1.5223 STRATEGY: BUY ON DIPSCLOSE: 1.5255 MACD =>-.0003(BULLISH SIGNAL)RSI => 50.7662(BULLISH SIGNAL)
  6. 6. HOURLY EURGBP CHARTANALYSISOPEN: 00.8433 EURGBP LOOKS UPWARDHIGH: 00.8454 TREND: BULLISHLOW: 00.8431 STRATEGY: BUY ON DIPSCLOSE: 00.8447 MACD =>-.0000(BULLISH SIGNAL)RSI => 53.4470(BULLISH SIGNAL)
  7. 7. www.epicresearch.co + 91 7316642300HOURLY USD INDEX CHARTANALYSISOPEN: 83.7340 USDINDEX LOOKS DOWNWARDHIGH: 83.9850 TREND: BEARISHLOW: 83.7210 STRATEGY: SELL ON RISECLOSE: 83.8160 MACD =>.0341(BEARISH SIGNAL)RSI => 49.5018(BEARISH SIGNAL)
  8. 8. Date Time Currency Event Importance Actual Forecast PreviousSunMay 1222:14NZD REINZ HouseSales (YoY) (APR)Medium 25.2% 10.9%22:14NZD REINZ HousingPrice Index (APR)Low 3661.5 3631.422:14NZD REINZ HousingPrice Index (MoM)(APR)Low 0.8% 2.4%22:45NZD Food Prices(MoM) (APR)Low 0.2% -1.3%23:50JPY Japan MoneyStock M2+CD (YoY)(APR)Low 3.3 3.1% 3.1%23:50JPY Japan MoneyStock M3 (YoY) (APR)Low 2.6% 2.5% 2.5%MonMay 1301:30AUD Home Loans(MAR)Medium 5.2% 4.0% 2.1%01:30AUD NAB BusinessConfidence (APR)Medium -2 201:30AUD InvestmentLending (MAR)Low 2.1% 1.9%01:30AUD NAB BusinessConditions (APR)Low -6 -701:30AUD RBA Credit CardBalances (MAR)Low A$49.7B A$50.0B01:30AUD RBA Credit CardPurchases (MAR)Low A$20.2B A$20.2B01:30AUD Value of Loans(MoM) (MAR)Low 5.8% 1.2%05:30CNY Fixed Assets InvExcl. Rural YTD (YoY)(APR)Medium 20.6% 21.0% 20.9%05:30CNY IndustrialProduction YTD (YoY)(APR)Medium 9.4% 9.5% 9.5%05:30CNY IndustrialProduction (YoY)(APR)Medium 9.3% 9.4% 8.9%05:30CNY Retail Sales YTD(YoY) (APR)Medium 12.5% 12.6% 12.4%05:30CNY Retail Sales (YoY)(APR)Medium 12.8% 12.8% 12.6%07:15CHF Retail Sales(Real) (YoY) (MAR)Medium -0.9% 2.4%12:30USD Advance RetailSales (APR)High -0.3% -0.4%ECONOMIC CALLENDER
  9. 9. 12:30USD Retail Sales LessAutos (APR)Medium -0.2% -0.4%12:30USD Retail Sales"Control Group" (APR)Low 0.3% -0.2%12:30USD Retail Sales ExAuto & Gas (APR)Low 0.3% -0.1%13:00EUR Euro ZoneFinance Ministers Meetin BrusselsHigh14:00USD BusinessInventories (MAR)Medium 0.3% 0.1%22:45NZD Retail Sales ExInflation (QoQ) (1Q)Medium 0.8% 2.1%23:01GBP RICS House PriceBalance (APR)Medium 2% -1%23:50JPY DomesticCorporate Goods PriceIndex (MoM) (APR)Low 0.1% 0.1%23:50JPY DomesticCorporate Goods PriceIndex (YoY) (APR)Low -0.2% -0.5%23:50JPY Loans & DiscountsCorp (YoY) (MAR)Low 1.4%TueMay 14CNY Actual FDI (YoY)(APR)Medium 6.2% 5.7%03:00NZD Non ResidentBond Holdings (APR)Low 68.3%06:00EUR GermanConsumer Price Index -EU Harmonised (YoY)(APR F)High 1.1% 1.1%06:00EUR GermanConsumer Price Index(YoY) (APR F)High 1.2% 1.2%06:00EUR GermanConsumer Price Index -EU Harmonised (MoM)(APR F)Medium -0.5% -0.5%06:00EUR GermanConsumer Price Index(MoM) (APR F)Medium -0.5% -0.5%06:00JPY Machine ToolOrders (YoY) (APR P)Medium -21.5%06:00EUR GermanWholesale Price Index(MoM) (APR)Low -0.2%06:00EUR GermanWholesale Price Index(YoY) (APR)Low 0.3%06:00USD Feds PlosserSpeaks on MonetaryPolicy in StockholmLow08:30EUR Italian GeneralGovernment Debt(MAR)Medium 2017.6B
  10. 10. 09:00EUR German ZEWSurvey (EconomicSentiment) (MAY)High 40 36.309:00EUR Euro-ZoneIndustrial Productionw.d.a. (YoY) (MAR)Medium -2.1% -3.1%09:00EUR Euro-Zone ZEWSurvey (EconomicSentiment) (MAY)Medium 24.909:00EUR German ZEWSurvey (CurrentSituation) (MAY)Medium 9.8 9.209:00EUR Euro-ZoneIndustrial Productions.a. (MoM) (MAR)Low 0.5% 0.4%11:30USD NFIB SmallBusiness Optimism(APR)Low 89.8 89.512:30USD Import Price Index(MoM) (APR)Low -0.5% -0.5%12:30USD Import Price Index(YoY) (APR)Low -2.7%13:00CAD Teranet/NationalBank HPI (MoM) (APR)Low 0.4%13:00CAD Teranet/NationalBank HPI (YoY) (APR)Low 2.6%13:00CAD Teranet/NationalBank HP Index (APR)Low 153.3115:00USD New York FedReleases QuarterlyHousehold Debt ReportMedium23:50JPY Tertiary IndustryIndex (MoM) (MAR)Medium -0.7% 1.1%WedMay 1501:30AUD New MotorVehicle Sales (MoM)(APR)Low -0.6%01:30AUD New MotorVehicle Sales (YoY)(APR)Low 4.5%01:30AUD Wage Cost Index(QoQ) (1Q)Low 0.8% 0.8%01:30AUD Wage Cost Index(YoY) (1Q)Low 3.3% 3.4%05:00JPY ConsumerConfidence (APR)Medium 45.5 44.805:30EUR French GrossDomestic Product(YoY) (1Q P)Medium -0.4% -0.3%05:30EUR French GrossDomestic Product(QoQ) (1Q P)Low -0.1% -0.3%06:00EUR German GrossDomestic Productn.s.a. (YoY) (1Q P)High 0.2% 0.1%
  11. 11. 06:00EUR German GrossDomestic Productw.d.a. (YoY) (1Q P)High 0.2% 0.4%06:00EUR German GrossDomestic Product s.a.(QoQ) (1Q P)Medium 0.3% -0.6%07:15CHF Producer & ImportPrices (MoM) (APR)Low -0.2% 0.0%07:15CHF Producer & ImportPrices (YoY) (APR)Low -0.3% -0.3%08:00EUR Italian GrossDomestic Product s.a.and w.d.a. (YoY) (1QP)Medium -2.3% -2.8%08:00EUR Italian GrossDomestic Product s.a.and w.d.a. (QoQ) (1QP)Low -0.4% -0.9%08:30GBP Jobless ClaimsChange (APR)High -3.0K -7.0K08:30GBP Average WeeklyEarnings (3M/YoY)(MAR)Medium 0.7% 0.8%08:30GBP Claimant CountRate (APR)Medium 4.6% 4.6%08:30GBP EmploymentChange (3M/3M)(MAR)Medium -20K -2K08:30GBP ILOUnemployment Rate(3M) (MAR)Medium 7.9% 7.9%08:30GBP Weekly EarningsexBonus (3M/YoY)(MAR)Low 0.8% 1.0%09:00EUR Euro-Zone GrossDomestic Product s.a.(YoY) (1Q A)High -0.9% -0.9%09:00CHF ZEW Survey(Expectations) (MAY)Medium 2009:00EUR Euro-Zone GrossDomestic Product s.a.(QoQ) (1Q A)Medium -0.1% -0.6%09:30GBP Bank of EnglandInflation ReportHigh11:00USD MBA MortgageApplications (MAY 10)Low 7.0%12:30USD Producer PriceIndex Ex Food &Energy (YoY) (APR)Medium 1.7% 1.7%12:30USD Producer PriceIndex (YoY) (APR)Medium 0.8% 1.1%12:30CAD ManufacturingShipments (MoM)(MAR)Low 0.5% 2.6%12:30USD EmpireManufacturing (MAY)Low 4 3.05
  12. 12. 12:30USD Producer PriceIndex Ex Food &Energy (MoM) (APR)Low 0.1% 0.2%12:30USD Producer PriceIndex (MoM) (APR)Low -0.6% -0.6%13:00CAD Existing HomeSales (MoM) (APR)Medium 2.40%13:00USD Net Long-termTIC Flows (MAR)Medium -$17.8B13:00USD Total Net TICFlows (MAR)Low $53.6B13:15USD IndustrialProduction (APR)Medium -0.1% 0.4%13:15USD Manufacturing(SIC) Production (APR)Medium 0.0% -0.1%13:15USD CapacityUtilization (APR)Low 78.3% 78.5%14:00USD NAHB HousingMarket Index (MAY)Low 43 4214:30USD DOE Cushing OKCrude Inventory (MAY10)Low -652K14:30USD DOE U.S. CrudeOil Inventories (MAY10)Low 230K14:30USD DOE U.S.Distillate Inventory(MAY 10)Low 1812K14:30USD DOE U.S.Gasoline Inventories(MAY 10)Low -910K22:30NZD Business NZPerformance ofManufacturing Index(APR)Medium 53.423:50JPY Gross DomesticProduct Annualized(1Q P)High 2.7% 0.2%23:50JPY Gross DomesticProduct (QoQ) (1Q P)High 0.7% 0.0%23:50JPY Nominal GrossDomestic Product(QoQ) (1Q P)High 0.5% -0.3%23:50JPY Foreign BuyingJapan Bonds (Yen)(MAY 10)Low ¥267.0B23:50JPY Foreign BuyingJapan Stocks (Yen)(MAY 10)Low -¥26.2B23:50JPY Gross DomesticProduct Deflator (YoY)(1Q P)Low -0.9% -0.7%23:50JPY Japan BuyingForeign Bonds (Yen)(MAY 10)Low ¥309.9B
  13. 13. 23:50JPY Japan BuyingForeign Stocks (Yen)(MAY 10)Low ¥28.0BThuMay 1601:30AUD RBA FXTransactions "Other"(APR)Low 71M01:30AUD RBA ForeignExchange Transaction(Australian dollar)(APR)Low 577M03:30AUD RBA FXTransactions"Government" (APR)Low04:00JPY TokyoCondominium Sales(YoY) (APR)Low 48.4%04:30JPY IndustrialProduction (YoY) (MARF)Medium -7.3%04:30JPY CapacityUtilization (MoM) (MARF)Low 0.7%04:30JPY IndustrialProduction (MoM)(MAR F)Low 0.2%07:45USD Feds PlosserSpeaks on MonetaryPolicy in MilanLow09:00EUR Euro-ZoneConsumer Price Index -Core (YoY) (APR F)High 1.0% 1.0%09:00EUR Euro-ZoneConsumer Price Index(YoY) (APR F)High 1.2% 1.2%09:00EUR Euro-ZoneConsumer Price Index(MoM) (APR)Medium -0.1% 1.2%09:00EUR Euro-Zone TradeBalance (euros) (MAR)Low 10.4B09:00EUR Euro-Zone TradeBalance s.a. (euros)(MAR)Low 12.0B 12.0B11:45USD Feds RosengrenSpeaks in MilanLow12:30USD Consumer PriceIndex Ex Food &Energy (YoY) (APR)High 1.8% 1.9%12:30USD Consumer PriceIndex (YoY) (APR)High 1.3% 1.5%12:30USD Building Permits(MoM) (APR)Medium 3.6% -3.9%12:30USD Consumer PriceIndex Ex Food &Energy (MoM) (APR)Medium 0.2% 0.1%12:30USD Consumer PriceIndex (MoM) (APR)Medium -0.3% -0.2%
  14. 14. 12:30USD Housing Starts(MoM) (APR)Medium -5.4% 7.0%12:30USD Initial JoblessClaims (MAY 11)Medium 330K 323K12:30CAD InternationalSecurities Transactions(Canadian dollar)(MAR)Low -6.31B12:30USD Building Permits(APR)Low 940K 902K12:30USD Consumer PriceIndex Core Index s.a.(APR)Low 232.75812:30USD Consumer PriceIndex n.s.a. (APR)Low 232.7 232.77312:30USD Continuing Claims(MAY 4)Low 3003K 3005K12:30USD Housing Starts(APR)Low 980K 1036K13:00USD Feds FisherSpeaks at NABEIndustry Conference inHoustonLow14:00USD Philadelphia Fed.(MAY)Medium 2.3 1.314:30USD EIA Natural GasStorage Change (MAY10)Low 8819:05USD Feds WilliamsSpeaks on MonetaryPolicy in OregonLow22:00NZD ANZ JobAdvertisements (MoM)(APR)Low 0.7%22:45NZD Producer Prices-Inputs (QoQ) (1Q)Low 0.2% -0.3%22:45NZD Producer Prices-Outputs (QoQ) (1Q)Low 0.0% -0.1%23:50JPY Machine Orders(YoY) (MAR)Medium -4.9% -11.3%23:50JPY Housing Loans(YoY) (1Q)Low 3.1%23:50JPY Machine Orders(MoM) (MAR)Low 3.3% 7.5%FriMay 17USD Revisions:Housing StartsLow01:00NZD ANZ ConsumerConfidence Index(MAY)Low 119.201:00NZD ANZ ConsumerConfidence (MoM)(MAY)Low 3.8%
  15. 15. 01:30CNY China AprilProperty PricesMedium02:00CNY Conference BoardChina April LeadingEconomic IndexLow06:00EUR EU 25 New CarRegistrations (APR)Low -10.2%09:00EUR Euro-ZoneConstruction Outputs.a. (MoM) (MAR)Low -0.8%09:00EUR Euro-ZoneConstruction Outputw.d.a. (YoY) (MAR)Low 0.8%12:30CAD Bank CanadaConsumer Price IndexCore (YoY) (APR)High 1.2% 1.4%12:30CAD Consumer PriceIndex (YoY) (APR)High 0.9% 1.0%12:30CAD Bank CanadaConsumer Price IndexCore (MoM) (APR)Medium 0.2% 0.2%12:30CAD Consumer PriceIndex (MoM) (APR)Medium 0.2% 0.2%12:30CAD Consumer PriceIndex (APR)Low 122.912:30CAD Consumer PriceIndex s.a. (MoM) (APR)Low 0.1%12:30CAD Core CPI s.a.(MoM) (APR)Low 0.2%12:30CAD Wholesale Sales(MoM) (MAR)Low 0.4% 0.0%13:55USD U. of MichiganConfidence (MAY P)Medium 77.6 76.414:00USD Leading Indicators(APR)Medium 0.2% -0.1%14:00USD Revisions toFactory Orders ReportLow17:45USD FedsKocherlakota,Riksbanks IngvesSpeak in ChicagoLowSatMay 1815:00USD Feds BernankeDeliversCommencementSpeech at Bard CollegeLow
  16. 16. DisclaimerThe 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 the product/sthat 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 does notprovide individually tailor-made investment advice. Epic research recommends that investors independently evaluateparticular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic researchshall not be responsible for any transaction conducted based on the information given in this report, which is inviolation of rules and regulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein,together with all estimates and forecasts, can change without notice. Analyst or any person related to epic researchmight be holding positions in the stocks recommended. It is understood that anyone who is browsing through the sitehas done so at his free will and does not read any views expressed as a recommendation for which either the siteor its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptanceof 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.www.epicresearch.co + 91 7316642300

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