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1. DAILY IFOREX REPORT
04
FEBRUARY 2014
TRADING TIPS
●
●
BUY AUD-USD ABOVE 0.8825 TGT
0.8850,08885 SL 0.8785
SELL GBP-USD BELOW 1.315 TGT
1.6290 ,1.6255 SL 1.6355

2. HEADLINES
●
Name
EUR/USD
1.3492
USD/JPY
1.6341
USD/CHF
0.9054
AUD/USD
0.8797
USD/CAD
1.1066
NZD/USD
0.8104
EUR/CHF
1.2216
EUR/JPY
137.441
EUR/GBP
0.8256
EUR/AUD
1.5336
GBP/CHF
1.4797
GBP/JPY
166.4705
GBP/CAD
1.8082
GBP/AUD
1.8576
AUD/JPY
89.616
CAD/JPY
92.085
CHF/JPY
112.505
NZD/JPY
82.5555
AUD/CAD
0.9734
AUD/CHF
0.7965
AUD/SGD
1.1219
●
Forex - Euro hits session highs vs. dollar and pound
●
Forex - Pound hits 2-week lows vs. dollar after U.K. factory
101.8645
GBP/USD
Forex - Dollar hits 2-month lows vs. yen on emerging market unease
Last
USD/JPY hit 101.66, the weakest since December 6 and was last down 0.26% to
101.76.The pair was likely to find support at 101.25 and resistance at 102.40, the
session high.Demand for the safety of the yen continued to be underpinned by fears
over a crisis in emerging markets and concerns over a possible slowdown in China.
Official data released over the weekend showed that China’s manufacturing
purchasing managers’ index ticked down to a five month low of 50.5 in January
from 51.0 the previous month, in line with market expectations.
EUR/USD hit session highs of 1.3568 and was last up 0.17% to 1.3512. The pair fell
to lows of 1.3478 on Friday, the weakest since November 22.
The pair was likely to find support at 1.3440 and resistance at 1.3570.
The euro found support after data released on Monday showed that the euro zone’s
manufacturing purchasing managers index rose to a 32-month high of 54.0 in
January, up from 52.7 in December and a shade higher than the preliminary
estimate of 53.9.
GBP/USD 1.6370, the lowest since January 17 and was last down 0.37% to 1.6374.
Cable is likely to find support at 1.6308, the low of January 17 and resistance at
1.6475.Markit said the U.K. manufacturing purchasing managers’ index fell to 56.7 in
January, down from 57.2 in December and below estimates for a reading of 57.0.
Although the rate of the expansion in manufacturing output has cooled in recent
months strong growth was maintained in January as new orders rose on the back
of stronger domestic and overseas demand.

3. HOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.3520
SUPPORT: 1.3470

4. HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOK DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 102.45
SUPPORT: 101.70

5. HOURLY EURGBP CHART
ANALYSIS
USD/CHF LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 0.9070
SUPPORT: 0.9035

6. HOURLY EURGBP CHART
ANALYSIS
USD/CAD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.1140
SUPPORT: 1.1029

7. HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.6385
SUPPORT: 1.6315

8. ECONOMIC CALLENDER
MEDIUM
Cur.
Imp.
Event
Actual
Forecast
Previous
02:30:00 AM
USD
LOW
All Car Sales
7.73M
02:30:00 AM
USD
LOW
Domestic Car Sales
5.30M
5.25M
02:30:00 AM
USD
LOW
Total Vehicle Sales
15.70M
15.40M
03:00:00 PM
GBP
MEDIUM
Construction PMI
61.5
62.1
03:30:00 PM
EUR
LOW
PPI (MoM)
0.10%
-0.10%
03:30:00 PM
EUR
LOW
PPI (YoY)
-0.90%
-1.20%
03:30:00 PM
EUR
LOW
Italian CPI (MoM)
0.20%
0.20%
03:30:00 PM
EUR
LOW
Italian CPI (YoY)
0.70%
0.70%
06:15:00 PM
USD
LOW
Chain Store Sales (YoY)
2.20%
06:15:00 PM
USD
LOW
Chain Store Sales (WoW)
0.20%
07:25:00 PM
USD
LOW
Redbook (MoM)
-0.10%
07:25:00 PM
USD
LOW
Redbook (YoY)
3.20%
07:30:00 PM
USD
MEDIUM
Treasury Secretary Lew
Speaks
08:15:00 PM
USD
LOW
ISM - NY Business
Conditions
615.4
08:30:00 PM
USD
LOW
Factory Orders (MoM)
-1.60%
1.80%
08:30:00 PM
USD
LOW
Factory orders ex
transportation (MoM)
0.60%
08:30:00 PM
USD
LOW
IBD/TIPP Economic
Optimism
46.1
45.2
10:00:00 PM
USD
LOW
4-Week Bill Auction
0.05%
10:00:00 PM
USD
LOW
52-Week Bill Auction
0.13%
11:00:00 PM
USD
LOW
Chicago Fed President
Evans Speaks
02/04/14

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