The document provides a daily forex report and analysis for August 27th. It discusses the US dollar starting the week mixed as speculation about tapering becomes centered on upcoming US economic data reports. It notes that durable goods orders data will be released and weakness could further pressure the dollar. Technical analysis is also included for various currency pairs signaling bearish trends. The report concludes with a calendar of upcoming major economic data releases and events.

1. DAILY IFOREX REPORT
27th
AUG 2013

2.  ECB Comments Continue To Confuse, But
No Euro Worries
 Dollar Starts Week Mixed as Taper
Speculation Becomes Data-Centric
ASIA/EUROPE FOREX NEWS WRAP
After a strong midweek performance, the US Dollar slumped on
Friday and its woes have continued into the last week of August.
Sparked by a slew of weak housing figures on Friday, the buck’s
downturn has begun at a curious time for markets, given the fact
that last week produced not only the July FOMC Minutes but also
the Jackson Hole Economic Policy Symposium.
Indeed, there is one main takeaway from the fireworks (or lack
thereof) last week: between now and September 19, the next
FOMC meeting, only US economic data will drive market sentiment.
Dovish or hawkish, the commentary was more or less the same
from Fed officials this past week: ‘September would be an
appropriate time to taper if the economic data is strong.’
The first such opportunity to see if US data is moving in the right
direction is today in the form of the Durable Goods Orders report for
July. Durable goods are products with lifespans of three years or
longer (appliances, automobiles, etc), and therefore the report is
viewed as a proxy to consumer confidence and credit.
In light of the recent upswing in financing costs, purchases that
would be aided by lower rates have taken a hit in recent months (as
seen on Friday, housing). We find that the July report should show
no difference from the general trend. The weakness seen in the US
Dollar to start the week reflects positioning for a weaker report; and
a beat here would go a long way to ease sentiment and put favor
back in the buck’s court.
TRADING TIPS
 SELL EURUSD BELOW
1.3380 TGT 1.3360/1.3330
SL 1.3410
 SELL USDJPY ABOVE 98.40
TGT 98.10/97.70 SL 98.80
 SELL GBPUSD BELOW
1.5540 TGT 1.5520/1.5490
SL 1.5570
HEADLINES

3.  HOURLY EURUSD CHARTHOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.0003(BEARISH SIGNAL)
RSI => 47(BEARISH SIGNAL)

4. HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOKS DOWNWARDRD
TREND: BEARISH
STRATEGY: BUY ON DIPS
MACD =>.10(BEARISH SIGNAL)
RSI =>47(BEARISH SIGNAL)

5. HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.0004(BEARISH SIGNAL)
RSI =>40(BEARISH SIGNAL)

6. HOURLY EURGBP CHART
ANALYSIS
EURGBP LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0004(BULLISH SIGNAL)
RSI =>52(BULLISH SIGNAL)

7. HOURLY USD INDEX CHART
ANALYSIS
USD INDEX LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0001(BULLISH SIGNAL)
RSI =>54(BULLISH SIGNAL)

8. Date Time Currency Event Importance Actual Forecast Previous Notes
Sun
Aug 25
22:45
NZD Balance (YTD)
(New Zealand dollars)
(JUL)
Medium -1688M -956M -816M
22:45
NZD Trade Balance
(New Zealand dollars)
(JUL)
Medium -774M -16M 374M
22:45
NZD Exports (New
Zealand dollars) (JUL)
Low 3.85B 3.90B 4.01B
22:45
NZD Imports (New
Zealand dollars) (JUL)
Low 4.62B 3.90B 3.63B
23:50
JPY Corporate Service
Price (YoY) (JUL)
Low 0.4% 0.4% 0.4%
Mon
Aug 26
JPY Japan Economic
Panel Meets on Sales
Tax Increase (26-31)
Medium
08:00
ECB's Jens Weidmann
Speaks on Euro
Economy
Medium
12:30
USD Durable Goods
Orders (JUL)
High -4.0% 3.9%
12:30
USD Durables Ex
Transportation (JUL)
Medium 0.5% -0.1%
12:30
USD Cap Goods
Orders Nondef Ex Air
(JUL)
Low 0.5% 0.9%
12:30
USD Cap Goods Ship
Nondef Ex Air (JUL)
Low 0.3% -0.9%
14:30
USD Dallas Fed
Manufacturing Activity
(AUG)
Low 3.9 4.4
21:00
USD EIA Gasoline and
Diesel Fuel Update
Low
Tue
Aug 27
01:30
CNY Industrial Profits
YTD (YoY) (JUL)
Low 11.1%
05:00
JPY Small Business
Confidence (AUG)
Medium 49.4
08:00
EUR German IFO -
Business Climate
(AUG)
Medium 107 106.2
08:00
EUR German IFO -
Current Assessment
(AUG)
Medium 111 110.1
08:00
EUR German IFO -
Expectations (AUG)
Medium 103.1 102.4
10:50
USD Fed's Williams
Speaks on Monetary
Policy in Sweden
Low
11:00
EUR ECB's Coeure
Speaks In Gothenburg,
Sweden
Low
13:00
USD S&P/CS 20 City
s.a. (MoM) (JUN)
Low 1.0% 1.1%
13:00
USD S&P/Case-Shiller
Composite-20 (YoY)
(JUN)
Low 12.1% 12.2%
ECONOMIC CALLENDER

9. 13:00
USD S&P/Case-Shiller
Home Price Index
(JUN)
Low 159.40 156.14
13:00
USD S&P/Case-Shiller
US Home Price Index
(2Q)
Low 136.7
13:00
USD S&P/Case-Shiller
US Home Price Index
(YoY) (2Q)
Low 10.2%
14:00
LIVE
USD Consumer
Confidence (AUG)
High 79.0 80.3
14:00
USD Richmond Fed
Manufacturing Index
(AUG)
Low 0 -11
Wed
Aug 28
CNY Leading Index
(JUL)
Medium 99.55
00:00
AUD CBAHIA House
Affordability (2Q)
Low 69.7
GBP Nationwide House
Prices s.a. (MoM)
(AUG)
Low 0.6% 0.8%
JPY BoJ Deputy
Governor Iwata Speak
at Kyoto Chamber of
Commerce
Low
01:30
AUD Construction Work
Done (2Q)
Low 1.0% -2.0%
06:00
CHF UBS Consumption
Indicator (JUL)
Medium 1.44
06:00
EUR German GfK
Consumer Confidence
Survey (SEP)
Medium 7.1 7.0
06:00
EUR German Import
Price Index (MoM)
(JUL)
Low 0.3% -0.8%
06:00
EUR German Import
Price Index (YoY) (JUL)
Low -2.5% -2.2%
08:00
EUR Euro-Zone M3 s.a.
(3M) (JUL)
Low 2.4% 2.8%
08:00
EUR Euro-Zone M3 s.a.
(YoY) (JUL)
Low 2.0% 2.3%
10:00
GBP CBI Reported
Sales (AUG)
Low 20 17
11:00
USD MBA Mortgage
Applications (AUG 23)
Low -4.6%
12:30
CAD Average Weekly
Earnings (YoY) (JUN)
Low 2.5%
12:45
GBP Bank of England
Governor Carney to
Speak on U.K.
Economy
Medium
14:00
USD Pending Home
Sales (YoY) (JUL)
Medium 9.1%
14:00
USD Pending Home
Sales (MoM) (JUL)
Low 0.0% -0.4%
14:30
USD DOE Cushing OK
Crude Inventory (AUG
23)
Low -1090K
14:30
USD DOE U.S. Crude
Oil Inventories (AUG
23)
Low -1428K

10. 14:30
USD DOE U.S.
Distillate Inventory
(AUG 23)
Low 871K
14:30
USD DOE U.S.
Gasoline Inventories
(AUG 23)
Low -4029K
23:50
JPY Japan Buying
Foreign Bonds (Yen)
(AUG 23)
Medium -¥903.8B
23:50
JPY Japan Buying
Foreign Stocks (Yen)
(AUG 23)
Medium -¥3.0B
23:50
JPY Large Retailers'
Sales (JUL)
Medium -0.5% 3.5%
23:50
JPY Retail Trade (YoY)
(JUL)
Medium -0.3% 1.6%
23:50
JPY Foreign Buying
Japan Bonds (Yen)
(AUG 23)
Low ¥38.7B
23:50
JPY Foreign Buying
Japan Stocks (Yen)
(AUG 23)
Low ¥47.9B
23:50
JPY Loans & Discounts
Corp (YoY) (JUL)
Low 1.7%
23:50
JPY Retail Trade s.a.
(MoM) (JUL)
Low -1.0% -0.2%
Thu
Aug 29
01:00
AUD HIA New Home
Sales (MoM) (JUL)
Medium 3.4%
01:00
NZD NBNZ Business
Confidence (AUG)
Medium 52.8
01:00
NZD ANZ Activity
Outlook (AUG)
Low 43.7
01:30
AUD Private Capital
Expenditure (2Q)
Low 0.0% -4.7%
01:30
JPY BOJ Board
Member Morimoto
Speech
Low
07:55
EUR German
Unemployment Change
(AUG)
High -5K -7K
07:55
EUR German
Unemployment Rate
s.a. (AUG)
High 6.8% 6.8%
08:30
GBP Lloyds Business
Barometer (AUG)
Low 41
12:00
EUR German
Consumer Price Index -
EU Harmonised (YoY)
(AUG P)
High 1.7% 1.9%
12:00
EUR German
Consumer Price Index
(YoY) (AUG P)
High 1.7% 1.9%
12:00
EUR German
Consumer Price Index -
EU Harmonised (MoM)
(AUG P)
Medium 0.1% 0.4%
12:00
EUR German
Consumer Price Index
(MoM) (AUG P)
Medium 0.1% 0.5%
12:30
USD Core Personal
Consumption
Expenditure (QoQ) (2Q
S)
Medium 0.8% 0.8%

11. 12:30
USD Gross Domestic
Product (Annualized)
(2Q S)
Medium 2.2% 1.7%
12:30
USD Gross Domestic
Product Price Index (2Q
S)
Medium 0.7% 0.7%
12:30
USD Initial Jobless
Claims (AUG 23)
Medium 330K
12:30
USD Personal
Consumption (2Q S)
Medium 1.8% 1.8%
12:30
CAD Current Account
(BoP) (Canadian dollar)
(2Q)
Low -$14.8B -$14.1B
12:30
CAD Industrial Product
Price (MoM) (JUL)
Low 0.3% 0.3%
12:30
CAD Raw Materials
Price Index (MoM)
(JUL)
Low 0.7% 0.3%
12:30
USD Continuing Claims
(AUG 17)
Low 2990K 2990K
12:50
USD Fed's Bullard to
Speak to Leadership
Memphis
Low
14:30
USD EIA Natural Gas
Storage Change (AUG
23)
Low 57
18:00
USD Fed's Lacker
Speaks in Virginia
Low
22:45
NZD Building Permits
(MoM) (JUL)
Medium 1.3% -4.0%
23:05
GBP GfK Consumer
Confidence Survey
(AUG)
Medium -14 -16
23:15
JPY Nomura/JMMA
Manufacturing
Purchasing Manager
Index (AUG)
Medium 50.7
23:30
LIVE
JPY National Consumer
Price Index (YoY) (JUL)
High 0.7% 0.2%
23:30
JPY Household
Spending (YoY) (JUL)
Medium 0.2% -0.4%
23:30
LIVE
JPY Jobless Rate (JUL) Medium 3.9% 3.9%
23:30
JPY National Consumer
Price Index Ex-Fresh
Food (YoY) (JUL)
Medium 0.6% 0.4%
23:30
JPY National Consumer
Price Index Ex Food,
Energy (YoY) (JUL)
Medium -0.2% -0.2%
23:30
JPY Job-To-Applicant
Ratio (JUL)
Low 0.93 0.92
23:30
JPY Tokyo Consumer
Price Index Ex-Fresh
Food (YoY) (AUG)
Low 0.4% 0.3%
23:30
JPY Tokyo Consumer
Price Index Ex Food,
Energy (YoY) (AUG)
Low -0.3% -0.4%
23:30
JPY Tokyo Consumer
Price Index (YoY)
(AUG)
Low 0.5% 0.4%
23:45
USD Fed's James
Bullard to Speak on
U.S. Economy
Medium

12. 23:50
JPY Industrial
Production (YoY) (JUL
P)
Medium 1.8% -4.6%
23:50
JPY Industrial
Production (MoM) (JUL
P)
Low 3.7% -3.1%
Fri
Aug 30
01:30
AUD Private Sector
Credit (YoY) (JUL)
Medium 3.1% 3.1%
01:30
AUD Private Sector
Credit (MoM) (JUL)
Low 0.4% 0.4%
01:45
CNY MNI August
Business Sentiment
Indicator
Low
03:00
NZD Money Supply M3
(YoY) (JUL)
Low 6.2%
04:00
JPY Vehicle Production
(YoY) (JUL)
Low -9.5%
05:00
JPY Annualized
Housing Starts (JUL)
Medium 0.996M 0.976M
05:00
JPY Housing Starts
(YoY) (JUL)
Medium 14.3% 15.3%
05:00
JPY Construction
Orders (YoY) (JUL)
Low 21.9%
06:00
GBP Nationwide House
Prices n.s.a. (YoY)
(AUG)
Medium 3.3% 3.9%
06:00
EUR German Retail
Sales (YoY) (JUL)
Medium 1.7% -2.8%
06:00
EUR German Retail
Sales (MoM) (JUL)
Low 0.6% -1.5%
07:00
CHF KOF Swiss
Leading Indicator
(AUG)
Medium 1.33 1.23
08:00
EUR Italian
Unemployment Rate
(JUL P)
Low 12.2% 12.1%
08:00
EUR Italian
Unemployment Rate
s.a. (2Q)
Low 12.1% 11.9%
08:30
GBP Mortgage
Approvals (JUL)
Medium 59.0K 57.7K
08:30
GBP Net Consumer
Credit (JUL)
Medium 0.7B 0.5B
08:30
GBP M4 Ex IOFCs 3M
Annualised (JUL)
Low 3.9% 4.7%
08:30
GBP M4 Money Supply
(MoM) (JUL)
Low 0.1%
08:30
GBP M4 Money Supply
(YoY) (JUL)
Low 1.5%
08:30
GBP Net Lending Sec.
on Dwellings (JUL)
Low 1.2B 1.0B
09:00
EUR Euro-Zone
Consumer Price Index -
Core (YoY) (AUG A)
High 1.1% 1.1%
09:00
EUR Euro-Zone
Consumer Confidence
(AUG F)
Medium

13. 09:00
EUR Euro-Zone
Consumer Price Index
Estimate (YoY) (AUG)
Medium 1.4% 1.6%
09:00
EUR Euro-Zone
Unemployment Rate
(JUL)
Medium 12.1% 12.1%
09:00
EUR Euro-Zone
Business Climate
Indicator (AUG)
Low -0.36 -0.53
09:00
EUR Euro-Zone
Economic Confidence
(AUG)
Low 93.8 92.5
09:00
EUR Euro-Zone
Industrial Confidence
(AUG)
Low -9.6 -10.6
09:00
EUR Euro-Zone
Services Confidence
(AUG)
Low -6.7 -7.8
12:30
LIVE
CAD Gross Domestic
Product (YoY) (JUN)
High 1.6%
12:30
LIVE
CAD Quarterly Gross
Domestic Product
Annualized (2Q)
High 1.6% 2.5%
12:30
LIVE
CAD Gross Domestic
Product (MoM) (JUN)
Medium -0.5% 0.2%
12:30
USD Personal
Consumption
Expenditure Core (YoY)
(JUL)
Medium 1.3% 1.2%
12:30
USD Personal Income
(JUL)
Medium 0.2% 0.3%
12:30
USD Personal
Spending (JUL)
Medium 0.3% 0.5%
12:30
USD Personal
Consumption
Expenditure Core
(MoM) (JUL)
Low 0.2% 0.2%
12:30
USD Personal
Consumption
Expenditure Deflator
(MoM) (JUL)
Low 0.2% 0.4%
12:30
USD Personal
Consumption
Expenditure Deflator
(YoY) (JUL)
Low 1.5% 1.3%
13:00
USD Fed's Bullard to
Speak on U.S.
Economy in Memphis
Low
13:00
USD NAPM-Milwaukee
(AUG)
Low 52.43
13:45
USD Chicago
Purchasing Manager
(AUG)
Medium 53.0 52.3
13:55
USD U. of Michigan
Confidence (AUG F)
Medium 80.5 80.0

14. Disclaimer
The 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 choose the product/s
that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is
based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not
provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate
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 information herein,
together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research
might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site
has done so at his free will and does not read any views expressed as a recommendation for which either the site
or its owners or anyone can be held responsible for . Any surfing 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 loss
incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic
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 or Any
Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious
Legal Actions can be taken.