Daily i-forex-report-1 by epic research 21.03.13

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All eyes are on February’s US Employment report through the end of the trading week. Consensus forecasts suggest the economy added 165,000 jobs in February, a print broadly in line with the 12-month trend average of 168,000 that ought not to offer much fuel for volatility around financial markets. US economic data has markedly improved relative to expectations since early February however, leaving the door open for an upside surprise.

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Daily i-forex-report-1 by epic research 21.03.13

  1. 1. DAILY I FOREX REPORT 20THMARCH 2013WWW.EPICRESEARCH.CO +91 9752199966
  2. 2. HEADLINES  Dollar Drops Alongside S&P 500 on European Troubles  Cyprus Bank Levy Vote to Overshadow German, UK Economic Data  GBP/USD- Trading The U.K. TRADING TIPS Consumer Price Report All Eyes on Cyprus as Parliament Votes  SELL EURUSD BELOW on EU Bailout Terms 1.2915 tgs Euro, Risk-Linked Currencies to Fall if 1.2895/1.2875 sl 1.2945 Bank Levy is Ratified UK CPI, German ZEW Data Unlikely to Drive FX Volatility  BUY USDJPY ABOVE 95.50 tgt 95.70/95.90 The economic fills out with top-tier event risk in European trading hours but the fiasco in Cyprus is SL 95.20 likely to remain central for financial markets. The island nation’s Parliament is due to vote on the terms of the controversial EU bailout deal that will impose a bank levy on deposits in Cypriot banks. Passage of the measure will set a precedent for debt crisis  BUY GBPUSD ABOVE management that could spark bank runs in other Eurozone countries with sickly banks (notably Spain) 1.5135 Tgt as depositors look to safeguard their savings from potential future seizure. Fears of such an outcome 1.5155/1.5175 SL stand to put the Euro under pressure. Overall risk appetite is likewise vulnerable in this scenario, 1.5105 threatening sentiment-geared currencies including the Canadian and Australian Dollars.WWW.EPICRESEARCH.CO +91 9752199966
  3. 3.  HOURLY EURUSD CHART HOURLY EURUSD CHART ANALYSISOPEN: 1.2943HIGH: 1.2970LOW: 1.2916CLOSE: 1.2950  EURUSD LOOKS DOWNWARD  TREND : BEARISH  STRATEGY: SELL ON RISE  MACD =>-.0004(BEARISH SIGNAL)  RSI => 49(BEARISH SIGNAL)
  4. 4. HOURLY USDJPY CHART  HOURLY USDJPY CHARTANALYSISOPEN: 95.36HIGH: 95.75LOW: 95.29CLOSE: 95.36  USDJPY LOOKS UPWARD  TREND: BULLISH  STRATEGY: BUY ON DEEPS  MACD => -0.07( BULLISH SIGNAL)  RSI =>51(BULLISH SIGNAL)
  5. 5.  HOURLY GBPUSD CHART HOURLY GBPUSD CHARTANALYSISOPEN: 1.5095HIGH: 1.5135LOW: 1.5073CLOSE: 1.5120  GBPUSD LOOKS UPWARD  TREND: BULLISH  STRATEGY: BUY ON DEEPS  MACD => .002( BULLISH SIGNAL)  RSI => 45(BULLISH SIGNAL)
  6. 6. HOURLY EURGBP CHART HOURLY EURGBP CHARTANALYSISOPEN: 0.8574HIGH: 0.8586LOW: 0.8553CLOSE: 0.8561  EURGBP LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE  MACD =>-.003(BEARISH SIGNAL)  RSI =>40(BEARISH SIGNAL)www.epicresearch.co + 91 9752199966
  7. 7. HOURLY USDINDEX CHARTANALYSISOPEN: 82.7180HIGH: 83.8360LOW: 82.6270CLOSE: 82.6980  USDINDEX LOOKS DOWNWARD  TREND: BEARISH  STRATEGY: SELL ON RISE  MACD =>0.22(BEARISH SIGNAL)  RSI =>51(BEARISH SIGNAL)
  8. 8. ECONOMIC CALENDER Date Time Currency Event Importance Actual Forecast Previous Notes Mon CNY Actual FDI (YoY) Medium -4.8% -7.3%Mar 18 (FEB) GBP Rightmove House 00:01 Medium 1.2% 1.1% Prices (YoY) (MAR) GBP Rightmove House 00:01 Low 1.7% 2.8% Prices (MoM) (MAR) AUD New Motor 00:30 Vehicle Sales (MoM) Low 0.0% -2.2% (FEB) AUD New Motor 00:30 Vehicle Sales (YoY) Low 9.4% 10.9% (FEB) CNY China February 01:30 Medium Property Prices CHF SECO March 06:45 2013 Economic Medium Forecasts EUR Euro-Zone Trade 10:00 Low -3.9B -3.5B 10.8B Balance (euros) (JAN) EUR Euro-Zone Trade 10:00 Balance s.a. (euros) Low 9.0B 10.9B 10.3B (JAN) CAD International 12:30 Securities Transactions Low -1.92B (Canadian dollar) (JAN) EUR Cyprus Parliament to Vote on 14:00 High Deposit Levy for EU Bailout Plan USD NAHB Housing 14:00 Low 47 46 Market Index (MAR) AUD RBA Policy TueMar 19 00:30 Meeting - March High Minutes CNY Conference Board China February 02:00 Low Leading Economic Index JPY Bank of Japan 04:00 Governor Shirakawa High Steps Down JPY Leading Index 05:00 Medium 96.3 (JAN F) JPY Coincident Index 05:00 Low 92.0 (JAN F) JPY Nationwide 05:30 Department Store Low 0.2% Sales (YoY) (FEB)
  9. 9. JPY Tokyo Department05:30 Store Sales (YoY) Low 0.5% (FEB) EUR EU 25 New Car07:00 Low -8.7% Registrations (FEB) GBP Consumer Price09:30 High 2.8% 2.7% Index (YoY) (FEB) GBP Core Consumer09:30 Price Index (YoY) High 2.2% 2.3% (FEB) GBP Consumer Price09:30 Medium 0.7% -0.5% Index (MoM) (FEB) GBP Producer Price09:30 Index Output Core Medium 1.1% 1.4% n.s.a. (YoY) (FEB) GBP Producer Price09:30 Index Output n.s.a. Medium 1.8% 2.0% (YoY) (FEB) GBP Retail Price Index09:30 Medium 3.3% 3.3% (YoY) (FEB) GBP DCLG UK House09:30 Low 2.4% 3.3% Prices (YoY) (JAN) GBP Producer Price09:30 Index Input n.s.a. Low 1.5% 1.3% (MoM) (FEB) GBP Producer Price09:30 Index Input n.s.a. (YoY) Low 0.8% 1.8% (FEB) GBP Producer Price09:30 Index Output Core Low 0.3% 0.2% n.s.a. (MoM) (FEB) GBP Producer Price09:30 Index Output n.s.a. Low 0.4% 0.2% (MoM) (FEB) GBP Retail Price Index09:30 Low (FEB) GBP Retail Price Index09:30 Ex Mort Int.Payments Low 3.2% 3.3% (YoY) (FEB) GBP Retail Price Index09:30 Low 0.8% -0.4% (MoM) (FEB) EUR German ZEW10:00 Survey (Economic High 48.1 48.2 Sentiment) (MAR) EUR Euro-Zone ZEW10:00 Survey (Economic Medium 42.4 Sentiment) (MAR) EUR German ZEW10:00 Survey (Current Medium 6 5.2 Situation) (MAR) EUR Euro-Zone10:00 Construction Output Low -1.7% s.a. (MoM) (JAN) EUR Euro-Zone10:00 Construction Output Low -4.8% w.d.a. (YoY) (JAN)
  10. 10. USD Building Permits 12:30 Medium 2.1% -0.6% (MoM) (FEB) USD Housing Starts 12:30 Medium 2.8% -8.5% (MoM) (FEB) CAD Manufacturing 12:30 Shipments (MoM) Low 0.6% -3.1% (JAN) CAD Wholesale Sales 12:30 Low 0.4% -0.9% (MoM) (JAN) USD Building Permits 12:30 Low 923K 904K (FEB) USD Housing Starts 12:30 Low 915K 890K (FEB) NZD Current Account 21:45 Medium -2.950B -4.418B Balance (4Q) NZD Current Account 21:45 Low -4.9% -4.7% Deficit-GDP Ratio (4Q) AUD Westpac Leading 23:30 Low 0.2% Index (MoM) (JAN) Wed USD Federal Reserve HighMar 20 FOMC Meeting AUD DEWR Internet 00:00 Skilled Vacancies Low -0.7% (MoM) (FEB) EUR German Producer 07:00 Medium 1.5% 1.7% Prices (YoY) (FEB) EUR German Producer 07:00 Low 0.2% 0.8% Prices (MoM) (FEB) EUR Euro-Zone 09:00 Current Account n.s.a. Low 27.0B (euros) (JAN) EUR Euro-Zone 09:00 Current Account s.a. Low 13.9B (euros) (JAN) GBP Bank of England Releases Monetary 09:30 High Policy Committee Minutes GBP Jobless Claims 09:30 High -5.0K -12.5K Change (FEB) GBP Average Weekly 09:30 Earnings (3M/YoY) Medium 1.5% 1.4% (JAN) GBP Claimant Count 09:30 Medium 4.7% 4.7% Rate (FEB) GBP Employment 09:30 Medium 140K 154K Change (3M/3M) (JAN) GBP ILO 09:30 Unemployment Rate Medium 7.8% 7.8% (3M) (JAN) GBP Weekly Earnings 09:30 exBonus (3M/YoY) Low 1.5% 1.3% (JAN)
  11. 11. CHF ZEW Survey10:00 Medium 10 (Expectations) (MAR) USD MBA Mortgage11:00 Low -4.7% Applications (MAR 15) GBP U.K. Chancellor12:30 Osborne Presents 2013 High Budget to Parliament CAD Teranet/National13:00 Low -0.3% Bank HPI (MoM) (FEB) CAD Teranet/National13:00 Low 2.7% Bank HPI (YoY) (FEB) CAD Teranet/National13:00 Low 153 Bank HP Index (FEB) USD DOE Cushing OK14:30 Crude Inventory (MAR Low -1526K 15) USD DOE U.S. Crude14:30 Oil Inventories (MAR Low 2624K 15) USD DOE U.S.14:30 Distillate Inventory Low 83K (MAR 15) USD DOE U.S.14:30 Gasoline Inventories Low -3571K (MAR 15) EUR Euro-Zone15:00 Consumer Confidence Medium -23.2 -23.6 (MAR A) USD Fed Releases18:00 Summary of Economic High Projections USD Federal Open18:00 Market Committee Rate High 0.25% 0.25% Decision (MAR 20) USD Feds Bernanke Holds Press18:30 High Conference in Washington NZD Gross Domestic21:45 High 0.9% 0.2% Product (QoQ) (4Q) NZD Gross Domestic21:45 High 2.3% 2.0% Product (YoY) (4Q) JPY Merchandise23:50 Trade Balance Total Medium -¥855.9B -¥1629.4B (Yen) (FEB) JPY Adjusted23:50 Merchandise Trade Low -¥1099.4B -¥678.9B Balance (Yen) (FEB) JPY Foreign Buying23:50 Japan Bonds (Yen) Low -¥838.2B (MAR 15) JPY Foreign Buying23:50 Japan Stocks (Yen) Low ¥1121.9B (MAR 15) JPY Japan Buying23:50 Foreign Bonds (Yen) Low ¥764.4B (MAR 15)
  12. 12. JPY Japan Buying 23:50 Foreign Stocks (Yen) Low -¥269.6B (MAR 15) JPY Merchandise 23:50 Trade Exports (YoY) Low -1.2 6.4 (FEB) JPY Merchandise 23:50 Trade Imports (YoY) Low 14.9 7.3 (FEB) Thu AUD CBAHIA House 00:00 Low 65.8Mar 21 Affordability (4Q) AUD RBA Foreign Exchange Transaction 00:30 Low 393M (Australian dollar) (FEB) CNY HSBC Flash 01:45 Manufacturing PMI Medium 50.9 50.4 (MAR) NZD Credit Card 02:00 Medium 0.4% Spending (YoY) (FEB) NZD Credit Card 02:00 Spending s.a. (MoM) Medium -2.5% (FEB) JPY All Industry Activity 04:30 Medium -1.3% 1.8% Index (MoM) (JAN) JPY Supermarket 05:00 Low -4.7% Sales (YoY) (FEB) CHF Trade Balance 07:00 Medium 2.13B (Swiss franc) (FEB) CHF Exports (MoM) 07:00 Low 3.70% (FEB) CHF Imports (MoM) 07:00 Low -0.5% (FEB) JPY Convenience 07:00 Store Sales (YoY) Low -0.9% (FEB) CHF Money Supply M3 08:00 Low 9.20% (YoY) (FEB) EUR French Purchasing Manager 08:00 Low 44.2 43.9 Index Manufacturing (MAR P) EUR French Purchasing Manager 08:00 Low 44.0 43.7 Index Services (MAR P) EUR German Purchasing Manager 08:30 Medium 50.5 50.3 Index Manufacturing (MAR A) EUR German Purchasing Manager 08:30 Medium 55.0 54.7 Index Services (MAR A) EUR Euro-Zone Purchasing Manager 09:00 Medium 48.2 47.9 Index Composite (MAR A)
  13. 13. EUR Euro-Zone Purchasing Manager09:00 Medium 48.2 47.9 Index Manufacturing (MAR A) EUR Euro-Zone Purchasing Manager09:00 Medium 48.2 47.9 Index Services (MAR A) GBP PSNB ex09:30 Medium 8.0B -11.4B Interventions (FEB) GBP Public Finances09:30 (PSNCR) (Pounds) Medium -12.0B -35.6B (FEB) GBP Public Sector Net09:30 Borrowing (Pounds) Medium 8.2B -9.9B (FEB) GBP Retail Sales (YoY)09:30 Medium 1.2% 0.2% (FEB) GBP Retail Sales09:30 w/Auto Fuel (YoY) Medium 0.5% -0.6% (FEB) GBP Retail Sales09:30 Low 0.6% -0.5% (MoM) (FEB) GBP Retail Sales09:30 w/Auto Fuel (MoM) Low 0.4% -0.6% (FEB) GBP CBI Trends11:00 Low 17 20 Selling Prices (MAR) GBP CBI Trends Total11:00 Low -15 -14.0 Orders (MAR) CAD Retail Sales12:30 Medium 0.8% -2.1% (MoM) (JAN) USD Initial Jobless12:30 Medium 344K 332K Claims (MAR 16) CAD Retail Sales Less12:30 Low 0.3% -0.9% Autos (MoM) (JAN) USD Continuing Claims12:30 Low 3063K 3024K (MAR 9) USD Markit US PMI12:58 Medium 54.8 Preliminary (MAR) USD House Price Index13:00 Medium 0.7% 0.6% (MoM) (JAN) USD Existing Home14:00 Medium 1.6% 0.4% Sales (MoM) (FEB) USD Leading Indicators14:00 Medium 0.3% 0.2% (FEB) USD Philadelphia Fed.14:00 Medium -3 -12.5 (MAR) USD API Monthly14:00 Low Statistical Report USD Existing Home14:00 Low 5.00M 4.92M Sales (FEB)
  14. 14. USD EIA Natural Gas 14:30 Storage Change (MAR Low -145 15) NZD ANZ NZ Job Ads 21:00 Low -1.5% (MoM) (FEB) NZD Net Migration s.a. 21:45 Low 350 (FEB) AUD Conference Board 23:00 Medium -0.1% Leading Index (JAN) CNY MNI March Flash FriMar 22 01:35 Business Sentiment Low Indicator EUR German IFO - 09:00 Business Climate Medium 107.8 107.4 (MAR) EUR German IFO - 09:00 Current Assessment Medium 110.5 110.2 (MAR) EUR German IFO - 09:00 Medium 105.0 104.6 Expectations (MAR) USD Feds Raskin 12:45 Speaks on Labor Low Market in Washington USD Fed Revisions of 16:00 Low Industrial Production
  15. 15. DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable,but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choosethe product/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained hereinis based 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 reportdoes not provide individually tailor-made investment advice. Epic research recommends that investorsindependently evaluate particular investments and strategies, and encourages investors to seek the advice of afinancial adviser. Epic research shall not be responsible for any transaction conducted based on the informationgiven 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 toepic research might be holding positions in the stocks recommended. It is understood that anyone who isbrowsing through the site has done so at his free will and does not read any views expressed asa recommendation for which either the site or its owners or anyone can be held responsible for . Anysurfing and reading of the information is the 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 aboveepic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients(Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report orAny Information Provided by us to/with anyone which is received directly or indirectly by them. If found so thenSerious Legal Actions can be taken.www.epicresearch.co + 91 9752199966

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