1.
DAILY IFOREX REPORT
22
JANUARY 2014
TRADING TIPS
●
●
SELL EUR-USD BELOW 1.3510 TGT
1.3485,1.3450 SL 1.3550
BUY USD-CAD ABOVE 1.1020 TGT
1.1045 ,1.1080 SL 1.0980

2.
HEADLINES
●
1.3527
USD/JPY
1.6436
USD/CHF
0.9132
AUD/USD
0.8792
USD/CAD
1.0989
NZD/USD
0.8313
USD/SGD
1.2791
EUR/JPY
141.4805
EUR/GBP
0.823
GBP/CHF
1.501
GBP/JPY
171.89
GBP/CAD
1.8061
GBP/AUD
1.8694
AUD/JPY
91.9555
CAD/JPY
95.1715
CHF/JPY
114.53
NZD/JPY
86.944
AUD/CAD
0.9662
AUD/CHF
0.803
AUD/SGD
1.1248
Forex - GBP/USD off session highs after CBI factory order
Forex - EUR/USD hits session lows after German ZEW
104.583
GBP/USD
●
Last
EUR/USD
Forex -AUD/USD holds steady in subdued trade
●
Name
AUD/USD hit 0.8838 during late Asian trade, the pair's highest since January 16; the
pair subsequently consolidated at 0.8805, inching down 0.06%.
The pair was likely to find support at 0.8757, Monday's low and a three-year low and
resistance at 0.8906, the high of January 16.
Demand for the greenback remained supported by expectations for a reduction to
the Fed’s quantitative easing program at the outcome of its next policy meeting on
January 29 to USD65 billion from the current USD75 billion.
GBP/USD retreated from session highs of 1.6452 to trade at 1.6418, dipping 0.05%.
Cable was likely to find support at 1.6350 and resistance at 1.6500.
The Confederation of British Industry said its index of industrial order expectations
fell to -2 this month from 12 in December, and below expectations of a reading of 10.
However, the CBI said the volume of total orders for the next three months rose to
22 from 14, the highest level since April 2012. New orders in the three months to
January saw their strongest growth in nearly three years.
EUR/USD touched lows of 1.3525 and was last down 0.12% to 1.3536.
The pair is likely to find support at 1.3506, Monday’s low and a two-month low and
near-term resistance at 1.3567, Monday’s high.
The ZEW Centre for Economic Research said its index of German economic
sentiment ticked down to 61.7 this month from 62.0 in December. Analysts had
expected an increase to 64.0

3.
HOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.3570
SUPPORT: 1.3505

4.
HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOK UPSIDE
TREND: BULLISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 104.75
SUPPORT: 104.45

5.
HOURLY EURGBP CHART
ANALYSIS
USD/CHF LOOKS DOWNSIDE
TREND: BULLISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 0.9155
SUPPORT: 0.9105

6.
HOURLY EURGBP CHART
ANALYSIS
USD/CAD LOOKS DOWNSIDE
TREND: BULLISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.1020
SUPPORT: 1.0950

7.
HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.6495
SUPPORT: 1.6450

8.
ECONOMIC CALLENDER
MEDIUM
Cur.
Imp.
Event
Actual
Forecast
Previous
05:00:00 AM
AUD
MEDIUM
Westpac Consumer
Sentiment
-4.80%
06:00:00 AM
AUD
HIGH
CPI (QoQ)
0.50%
1.20%
06:00:00 AM
AUD
MEDIUM
CPI (YoY)
2.50%
2.20%
06:00:00 AM
AUD
MEDIUM
Trimmed Mean CPI (QoQ)
0.60%
0.70%
Tentative
JPY
HIGH
BoJ Press Conference
03:00:00 PM
GBP
MEDIUM
Average Earnings Index
+Bonus
1.00%
0.90%
03:00:00 PM
GBP
HIGH
Claimant Count Change
-35.0K
-36.7K
03:00:00 PM
GBP
HIGH
MPC Meeting Minutes
03:00:00 PM
GBP
MEDIUM
Unemployment Rate
7.30%
7.40%
08:30:00 PM
CAD
HIGH
BoC Monetary Policy
Report
08:30:00 PM
CAD
HIGH
Interest Rate Decision
1.00%
1.00%
09:45:00 PM
CAD
MEDIUM
BoC Gov Poloz Speaks
01/22/14

9.
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.