1. DAILY I FOREX REPORT
26TH FEBRUARY 2013
WWW.EPICRESEARCH.CO +91 9752199966
2. HEADLINES
Dollar Sets New Two-Year
High, S&P 500 Aiming
Lower
Yen Falls on Reports Abe to
Nominate Kuroda to BOJ
Governor Post
TRADING TIPS Australian Dollar Sold as
HSBC Reveals
BUY EURUSD ABOVE Disappointing China PMI
Data
1.3255 tgs
1.3275/1.3295 sl 1.3225
Yen Falls on BOJ Nominee Reports,
Euro Eyes Italian Election
BUY USDJPY ABOVE The Japanese Yen came under heavy
94.30 tgt 94.50/94.70 selling pressure overnight, sliding as
much 1.1 percent on average against its
SL 94.00 leading counterparts, amid rumors that
Premier Shinzo Abe will nominate Asian
Development Bank President Haruhiko
SELL GBPUSD BELOW Kuroda to take over as the Governor of
the Bank of Japan. Kuroda is viewed as
1.5160 tgt a relatively dovish choice, and with him
at the helm the central bank will be
1.5140/1.5120 SL
expected to push forward with
1.5190 aggressive stimulus to realize Abe’s
anti-deflation crusade. The Nikkei led
Asian shares higher on the news,
amplifying pressure on the safety-linked
Japanese currency.
WWW.EPICRESEARCH.CO +91 9752199966
8. ECONOMIC CALENDER
Date Time Currency Event Importance Actual Forecast Previous Notes
CNY HSBC Flash
Mon
01:45 Manufacturing PMI Medium 50.4 52.2 52.3
Feb 25
(FEB)
GBP BBA Loans for
09:30 Medium 32288 34000 33440
House Purchase (JAN)
EUR Italy to Sell 2014
10:00 Bonds and 2021, 2026 Medium
I/L Bonds
USD Chicago Fed Nat
13:30 Medium 0.02
Activity Index (JAN)
EUR Italian Voting
14:00 Ends, Exit Polls to be High
Released
USD Dallas Fed
15:30 Manufacturing Activity Low 3.0 5.5
(FEB)
RBA Assistant
Governor Debelle
21:15 Low
Addresses Business
School
AUD APEC Finance
Tue
Feb 26
and Central Bank Medium
Deputies' Meeting
USD Fed's Lockhart
00:00 Speaks on Economy in Low
Tennessee
GBP Hometrack
Housing Survey (YoY) Low -0.3%
(FEB)
GBP Hometrack
Housing Survey (MoM) Low 0.0%
(FEB)
NZD Reserve Bank of
New Zealand 2-Year
02:00 High 2.3%
Inflation Expectation
(1Q)
JPY Small Business
05:00 Medium 44.3
Confidence (FEB)
GBP CBI Reported
11:00 Low 16 17
Sales (FEB)
USD House Price
14:00 Purchase Index (QoQ) Medium 1.1%
(4Q)
USD House Price Index
14:00 Medium 0.6% 0.6%
(MoM) (DEC)
USD S&P/Case-Shiller
14:00 US Home Price Index Low 7.00% 3.64%
(YoY) (4Q)
9. USD S&P/Case-Shiller
14:00 US Home Price Index Low 135.67
(4Q)
USD S&P/Case-Shiller
14:00 Home Price Index Low 145.82
(DEC)
USD S&P/Case-Shiller
14:00 Composite-20 (YoY) Low 6.6% 5.52%
(DEC)
USD S&P/CS 20 City
14:00 Low 0.6% 0.63%
s.a. (MoM) (DEC)
USD Fed's Bernanke
15:00 Testifies at Senate High
Banking Committee
USD Consumer
15:00 High 62 58.6
Confidence (FEB)
USD New Home Sales
15:00 Medium 3.0% -7.3%
(MoM) (JAN)
USD Richmond Fed
15:00 Manufacturing Index Low -3 -12
(FEB)
USD New Home Sales
15:00 Low 380K 369K
(JAN)
NZD Trade Balance
21:45 (New Zealand dollars) Medium 125M 486M
(JAN)
NZD Balance (YTD)
21:45 (New Zealand dollars) Medium -897M -1208M
(JAN)
NZD Net Migration s.a.
21:45 Low 0
(JAN)
NZD Imports (New
21:45 Low 3.50B 3.58B
Zealand dollars) (JAN)
NZD Exports (New
21:45 Low 3.60B 4.07B
Zealand dollars) (JAN)
JPY Retail Trade (YoY)
23:50 Medium -1.6% 0.3%
(JAN)
JPY Large Retailers'
23:50 Medium -0.8% 0.1%
Sales (JAN)
JPY Retail Trade
23:50 Low 0.8% 0.0%
(MoM) (JAN)
Wed AUD Construction
Feb 27
00:30 Low 1.5% 1.7%
Work Done (4Q)
EUR German GfK
07:00 Consumer Confidence Medium 5.9 5.8
Survey (Mar)
CHF UBS Consumption
07:00 Medium 1.34
Indicator (JAN)
EUR German Import
07:00 Price Index (YoY) Low -0.4% 0.3%
(JAN)
EUR German Import
07:00 Price Index (MoM) Low 0.5% -0.5%
(JAN)
10. CHF KOF Swiss
08:00 Medium 1.00 1.05
Leading Indicator (FEB)
EUR Euro-Zone M3
09:00 Low 3.2% 3.3%
s.a. (YoY) (JAN)
GBP Gross Domestic
09:30 High 0.0% 0.0%
Product (YoY) (4Q P)
GBP Gross Domestic
09:30 High -0.3% -0.3%
Product (QoQ) (4Q P)
GBP Total Business
09:30 Investment (YoY) (4Q Medium 5.1%
P)
GBP Gross Fixed
09:30 Capital Formation (4Q Low 0.2% -0.2%
P)
GBP Government
09:30 Low 0.1% 0.8%
Spending (4Q P)
09:30 GBP Exports (4Q P) Low -0.6% 1.2%
GBP Total Business
09:30 Investment (QoQ) (4Q Low 3.8%
P)
GBP Private
09:30 Low -0.1% 0.4%
Consumption (4Q P)
GBP Index of Services
09:30 Low 0.0% 0.0%
(MoM) (DEC)
GBP Index of Services
09:30 Low 0.1% 0.6%
(3Mo3M) (DEC)
09:30 GBP Imports (4Q P) Low 0.0% -0.4%
EUR Euro-Zone
10:00 Economic Confidence Medium 89.9 89.2
(FEB)
EUR Euro-Zone
10:00 Services Confidence Low -8.8 -8.8
(FEB)
EUR Euro-Zone
10:00 Industrial Confidence Low -13.1 -13.9
(FEB)
EUR Euro-Zone
10:00 Consumer Confidence Low -23.6 -23.6
(FEB F)
EUR Euro-Zone
10:00 Business Climate Low -1.02 -1.09
Indicator (FEB)
USD MBA Mortgage
12:00 Low -1.7%
Applications (FEB 22)
USD Durable Goods
13:30 High -4.0% 4.6%
Orders (JAN)
USD Durables Ex
13:30 Medium 0.3% 1.3%
Transportation (JAN)
USD Cap Goods Ship
13:30 Low -0.8% 0.3%
Nondef Ex Air (JAN)
11. USD Cap Goods
13:30 Orders Nondef Ex Air Low 0.2% 0.2%
(JAN)
USD Pending Home
15:00 Medium 4.9%
Sales (YoY) (JAN)
USD Pending Home
15:00 Low 2.0% -4.3%
Sales (MoM) (JAN)
USD DOE U.S.
15:30 Gasoline Inventories Low -2884K
(FEB 22)
USD DOE U.S.
15:30 Distillate Inventory Low -2277K
(FEB 22)
USD DOE U.S. Crude
15:30 Oil Inventories (FEB Low 4143K
22)
USD DOE Cushing OK
15:30 Crude Inventory (FEB Low 417K
22)
USD Fed's Fisher
Speaks on Economy
21:30 Low
and Monetary Policy in
New York
NZD Building Permits
21:45 Low -2.0% 9.4%
(MoM) (JAN)
JPY Nomura/JMMA
Manufacturing
23:15 Medium 47.7
Purchasing Manager
Index (FEB)
JPY Industrial
23:50 Production (YoY) (JAN Medium -4.8% -7.9%
P)
JPY Japan Buying
23:50 Foreign Stocks (Yen) Low -¥414.7B
(FEB 22)
JPY Japan Buying
23:50 Foreign Bonds (Yen) Low -¥620.6B
(FEB 22)
JPY Industrial
23:50 Production (MoM) (JAN Low 1.5% 2.4%
P)
JPY Foreign Buying
23:50 Japan Stocks (Yen) Low ¥197.9B
(FEB 22)
JPY Foreign Buying
23:50 Japan Bonds (Yen) Low -¥181.2B
(FEB 22)
Thu AUD HIA New Home
00:00 Medium 6.2%
Feb 28 Sales (MoM) (JAN)
NZD ANZ Business
00:00 Low 22.7
Confidence (FEB)
NZD ANZ Activity
00:00 Low 31.4
Outlook (FEB)
GBP GfK Consumer
00:01 Confidence Survey Medium -27 -26
(FEB)
AUD Private Sector
00:30 Medium 3.6%
Credit (YoY) (JAN)
12. AUD Private Capital
00:30 Medium 3.7% 2.8%
Expenditure (4Q)
AUD Average Weekly
00:30 Medium 0.3% 3.4%
Wages (YoY) (Nov)
AUD Private Sector
00:30 Low 0.4%
Credit (MoM) (JAN)
AUD Average Weekly
00:30 Low 1.0% 0.4%
Wages (QoQ) (Nov)
JPY BOJ Board
MembeJPY Kiuchi
01:30 Low
Speaks to Business
Leaders
CNY MNI February
01:35 Business Sentiment Low
Indicator
NZD Money Supply M3
02:00 Low 6.0%
(YoY) (JAN)
JPY Vehicle Production
04:00 Low -17.2%
(YoY) (JAN)
JPY Housing Starts
05:00 Medium 8.8% 10.0%
(YoY) (JAN)
JPY Annualized
05:00 Medium 0.894M 0.880M
Housing Starts (JAN)
JPY Construction
05:00 Low 4.8%
Orders (YoY) (JAN)
CHF Gross Domestic
06:45 High 0.9% 1.4%
Product (YoY) (4Q)
CHF Gross Domestic
06:45 Medium 0.0% 0.6%
Product (QoQ) (4Q)
EUR German
08:55 Unemployment Change High 0K -16K
(FEB)
EUR German
08:55 Unemployment Rate Medium 6.8% 6.8%
s.a. (FEB)
EUR Euro-Zone
10:00 Consumer Price Index High 2.0% 2.0%
(YoY) (JAN)
EUR Euro-Zone
10:00 Consumer Price Index - High 1.5% 1.5%
Core (YoY) (JAN)
EUR Euro-Zone
10:00 Consumer Price Index Medium -1.0% 0.4%
(MoM) (JAN)
CHF CPI - EU
10:00 Harmonised (YoY) Medium -0.3%
(JAN)
CHF CPI - EU
10:00 Harmonised (MoM) Medium 0.1%
(JAN)
EUR German
13:00 Consumer Price Index High 1.7% 1.7%
(YoY) (FEB P)
EUR German
13:00 Consumer Price Index - High 1.7% 1.9%
EU Harmonised (YoY)
13. (FEB P)
EUR German
13:00 Consumer Price Index Medium 0.7% -0.5%
(MoM) (FEB P)
EUR German
Consumer Price Index -
13:00 Medium 0.7% -0.7%
EU Harmonised (MoM)
(FEB P)
USD Gross Domestic
13:30 Product Price Index High 0.6% 0.6%
(4Q S)
USD Gross Domestic
13:30 Product (Annualized) High 0.5% -0.1%
(4Q S)
USD Personal
13:30 Medium 2.3% 2.2%
Consumption (4Q S)
USD Initial Jobless
13:30 Medium 360K 362K
Claims (FEB 24)
USD Core Personal
Consumption
13:30 Medium 0.9% 0.9%
Expenditure (QoQ) (4Q
S)
CAD Current Account
13:30 (BoP) (Canadian dollar) Medium -$18.9B
(4Q)
USD Continuing Claims
13:30 Low 3140K 3148K
(FEB 17)
CAD Raw Materials
13:30 Price Index (MoM) Low 0.9% -2.0%
(JAN)
CAD Industrial Product
13:30 Low 0.2% 0.0%
Price (MoM) (JAN)
USD NAPM-Milwaukee
14:00 Low 51.3
(FEB)
USD Chicago
14:45 Purchasing Manager Low 54.1 55.6
(FEB)
USD EIA Natural Gas
15:30 Storage Change (FEB Low -127
22)
USD Kansas City Fed
16:00 Low -2
Manf. Activity (FEB)
NZD Terms of Trade
21:45 Medium 1.4% -3.2%
Index (QoQ) (4Q)
AUD AiG Performance
22:30 of Manufacturing Index Medium 40.2
(FEB)
AUD RPData-Rismark
23:00 Low
House PX Actual (FEB)
JPY National
23:30 Consumer Price Index High -0.2% -0.1%
(YoY) (JAN)
JPY National
Consumer Price Index
23:30 Medium -0.7% -0.6%
Ex Food, Energy (YoY)
(JAN)
14. JPY National
Consumer Price Index
23:30 Medium -0.2% -0.2%
Ex-Fresh Food (YoY)
(JAN)
JPY Jobless Rate
23:30 Medium 4.2% 4.2%
(JAN)
JPY Household
23:30 Medium 0.4% -0.7%
Spending (YoY) (JAN)
JPY Tokyo Consumer
23:30 Price Index (YoY) Low -0.6% -0.6%
(FEB)
JPY Tokyo Consumer
23:30 Price Index Ex Food, Low -1.0% -0.9%
Energy (YoY) (FEB)
JPY Tokyo Consumer
23:30 Price Index Ex-Fresh Low -0.5% -0.5%
Food (YoY) (FEB)
JPY Job-To-Applicant
23:30 Low 0.83 0.82
Ratio (JAN)
JPY Capital Spending
23:50 Medium -6.5% 2.4%
excl Software (4Q)
JPY Capital Spending
23:50 Medium -7.2% 2.2%
(4Q)
JPY Loans & Discounts
23:50 Low 1.0%
Corp (YoY) (JAN)
Fri JPY Official Reserve
Mar 1
Low $1267.3B
Assets (FEB)
CNY Manufacturing
01:00 High 50.5 50.4
PMI (FEB)
USD Fed's Evans
01:00 Low
Speaks in Des Moines
CNY HSBC
01:45 Manufacturing PMI Medium 52.3
(FEB)
JPY Vehicle Sales
05:00 Low -12.9%
(YoY) (FEB)
AUD RBA Commodity
05:30 Low 90.3
Price Index (FEB)
AUD RBA Commodity
05:30 Low -6.4%
Index SDR (YoY) (FEB)
GBP Nationwide House
07:00 Prices n.s.a. (YoY) Medium -0.2% 0.0%
(FEB)
EUR German Retail
07:00 Medium -1.7% -4.7%
Sales (YoY) (JAN)
GBP Nationwide House
07:00 Prices s.a. (MoM) Low 0.2% 0.5%
(FEB)
EUR German Retail
07:00 Low 0.9% -1.7%
Sales (MoM) (JAN)
CHF SVME-Purchasing
08:30 Medium 52.1 52.5
Managers Index (FEB)
15. EUR Italian Purchasing
08:45 Manager Index Low 47.6 47.8
Manufacturing (FEB)
EUR French
Purchasing Manager
08:50 Low 43.6 43.6
Index Manufacturing
(FEB F)
EUR German
Purchasing Manager
08:55 Medium 50.1 50.1
Index Manufacturing
(FEB F)
EUR Italian
09:00 Unemployment Rate Medium 10.6%
s.a. (4Q)
EUR Italian
09:00 Unemployment Rate Medium 11.2%
s.a. (JAN P)
EUR Euro-Zone
Purchasing Manager
09:00 Medium 47.8 47.8
Index Manufacturing
(FEB F)
GBP Purchasing
09:30 Manager Index Medium 51 50.8
Manufacturing (FEB)
GBP Net Lending Sec.
09:30 Medium 0.8B 1.0B
on Dwellings (JAN)
GBP Net Consumer
09:30 Medium 0.2B 0.6B
Credit (JAN)
GBP Mortgage
09:30 Medium 56.5K 55.8K
Approvals (JAN)
GBP M4 Money Supply
09:30 Low -1.0%
(YoY) (JAN)
GBP M4 Money Supply
09:30 Low 0.7%
(MoM) (JAN)
GBP M4 Ex IOFCs 3M
09:30 Low 3.8%
Annualised (JAN)
EUR Euro-Zone
10:00 Unemployment Rate Medium 11.8% 11.7%
(JAN)
EUR Euro-Zone
10:00 Consumer Price Index Medium 1.9% 2.0%
Estimate (YoY) (FEB)
EUR Italian Annual
11:00 Gross Domestic Medium -2.2% 0.4%
Product (2012)
CAD Quarterly Gross
13:30 Domestic Product High 0.7% 0.6%
Annualized (4Q)
CAD Gross Domestic
13:30 High 1.3%
Product (YoY) (DEC)
USD Personal
13:30 Medium 0.2% 0.2%
Spending (JAN)
USD Personal Income
13:30 Medium -2.0% 2.6%
(JAN)
USD Personal
Consumption
13:30 Medium 1.3% 1.4%
Expenditure Core
(YoY) (JAN)
16. CAD Gross Domestic
13:30 Medium -0.1% 0.3%
Product (MoM) (DEC)
USD Personal
Consumption
13:30 Low 1.2% 1.3%
Expenditure Deflator
(YoY) (JAN)
USD Personal
Consumption
13:30 Low 0.1% 0.0%
Expenditure Deflator
(MoM) (JAN)
USD Personal
Consumption
13:30 Low 0.1% 0.0%
Expenditure Core
(MoM) (JAN)
USD Markit US PMI
13:58 Medium
Final (FEB)
USD U. of Michigan
14:55 Medium 76.3 76.3
Confidence (FEB F)
USD ISM
15:00 High 52.5 53.1
Manufacturing (FEB)
USD ISM Prices Paid
15:00 Medium 57 56.5
(FEB)
USD Construction
15:00 Medium 0.5% 0.9%
Spending (MoM) (JAN)
USD Total Vehicle
22:00 Low 15.05M 15.23M
Sales (FEB)
USD Domestic Vehicle
22:00 Low 11.90M 12.08M
Sales (FEB)
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