The daily forex report discusses upcoming economic indicators and provides analysis of currency pairs. It notes that manufacturing PMIs were revised slightly higher for the Eurozone but still indicate contraction. It recommends selling USDJPY and GBPUSD based on bearish signals and buying EURUSD based on bullish signals from technical indicators. Upcoming economic data includes manufacturing PMIs, ISM reports, and central bank decisions from the RBA and various European countries.

1. DAILY I FOREX REPORT
3RD APRIL 2013
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2. HEADLINES
 USD to Consolidate Further
Ahead of NFPs- AUD to
Face RBA
 Euro, Pound At Risk As Soft
PMIs Set The Stage For
ECB And BOE
TRADING TIPS  Australian Dollar Higher As
RBA Hold Rates, Less
 BUY EURUSD ABOVE Dovish
1.2880 tgs THE TAKEAWAY: Euro-zone PMI Manufacturing
revised slightly higher to 46.8 -> Markit says
manufacturing dragging on the economy -> Euro
1.2900/1.2920 sl 1.2850 doesn’t rise with improved release
The Euro-zone Purchasing Managers’ Index for
Manufacturing in March was revised slightly higher
 SELL USDJPY BELOW according to a final release by Markit. However, the
PMI is still down from an 11-month high set in January,
92.55 tgt 92.35/92.15 and the PMI has continued to indicate a declining
manufacturing sector since July of 2011. The PMI for
Manufacturing was revised to 46.8 from a previous
SL 92.85 estimate of 46.6, but is down from 47.9 in February.
The German PMI for manufacturing declined back
below the 50.0 neutral level in March, but the final
 SELL GBPUSD BELOW estimate was revised 0.1 higher to 49.0. The France
manufacturing PMI was revised slightly higher to 44.0,
1.5180 Tgt and the Italy index disappointed expectations today at
44.5 for March, setting a 7-month low.
1.5160/1.5140 SL Manufacturing production contracted at the fastest
pace year to date, as companies saw decreases in
1.5200 new business inflows, according to Markit. New
export orders resumed a decline in March on lower
demand from intra-Euro-zone trade. Job losses were
reported in the sector for the fourteenth straight
month.
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3.  HOURLY EURUSD CHART
HOURLY EURUSD CHART

ANALYSIS
OPEN: 1.2848
HIGH: 1.2878
LOW: 1.2825
CLOSE: 1.2848
 EURUSD LOOKS UPWARD
 TREND : BULLISH
 STRATEGY: BUY ON DIPS
 MACD =>-.0005(BULLISH SIGNAL)
 RSI => 48(BULLISH SIGNAL)

4. HOURLY USDJPY CHART
 HOURLY USDJPY CHART
ANALYSIS
OPEN: 93.18
HIGH: 93.35
LOW: 92.57
CLOSE: 93.24
 USDJPY LOOKS DOWNWARD
 TREND: BEARISH
 STRATEGY: SELL ON RISE
 MACD => -0.07( BEARISH SIGNAL)
 RSI =>50(BEARISH SIGNAL)

5.  HOURLY GBPUSD CHART
HOURLY GBPUSD CHART
ANALYSIS
OPEN: 1.5221
HIGH: 1.5258
LOW: 1.5181
CLOSE: 1.5193
 GBPUSD LOOKS DOWNWARD
 TREND: BEARISH
 STRATEGY: SELL ON RISE
 MACD => .002( BULLISH SIGNAL)
 RSI => 40(BULLISH SIGNAL)

6. HOURLY EURGBP CHART
HOURLY EURGBP CHART
ANALYSIS
OPEN: 0.8440
HIGH: 0.8459
LOW: 0.8425
CLOSE: 0.8452
 EURGBP LOOKS UPWARDS
 TREND: BULLISH
 STRATEGY: BUY ON DEEPS
 MACD =>-.003(BULLISH SIGNAL)
 RSI =>55(BULLISH SIGNAL)
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7. HOURLY USDINDEX CHART
ANALYSIS
OPEN: 82.7280
HIGH: 82.8000
LOW: 82.4930
CLOSE: 82.0910
 USDINDEX LOOKS DOWNWARD
 TREND: BEARISH
 STRATEGY: SELL ON RISE
 MACD =>0.22(BEARISH SIGNAL)
 RSI =>51(BEARISH SIGNAL)

8. ECONOMIC CALENDER
Date Time Currency Event Importance Actual Forecast Previous Notes
JPY Tankan Large
Sun
Mar 31
23:50 Manufacturers Outlook High -1 1 -10
(1Q)
JPY Tankan Non-
23:50 Manufacturing Outlook High 9 11 3
(1Q)
JPY Tankan Large All
23:50 Medium -2.0% 5.0% 6.8%
Industry Capex (1Q)
JPY Tankan Large
23:50 Manufacturers Index Medium -8 -7 -12
(1Q)
JPY Tankan Non-
23:50 Manufacturing Index Medium 6 8 4
(1Q)
JPY Loans & Discounts
23:50 Low 1.42% 1.34%
Corp (YoY) (FEB)
Mon CNY Manufacturing
Apr 1
01:00 High 50.9 51.2 50.1
PMI (MAR)
CNY HSBC
01:45 Manufacturing PMI Medium 51.6 51.6 50.4
(MAR)
CNY Leading Index
04:39 Low 100.23 100.50
(FEB)
JPY Vehicle Sales
05:00 Low -15.6% -12.2%
(YoY) (MAR)
USD Markit US PMI
12:58 Low 54.6 55.0 54.9
Final (MAR)
USD ISM
14:00 High 51.3 54.0 54.2
Manufacturing (MAR)
USD Construction
14:00 Medium 1.2% 1.0% -2.1%
Spending (MoM) (FEB)
USD ISM Prices Paid
14:00 Medium 54.5 60.0 61.5
(MAR)
AUD AiG Performance
22:30 of Manufacturing Index Medium 44.4 45.6
(MAR)
AUD RPData-Rismark
23:00 House PX Actual Low 1.3% 0.3%
(MAR)
GBP Lloyds Business
23:01 Low 20 13
Barometer (MAR)
JPY Monetary Base
23:50 Low 19.8% 15.0%
(YoY) (MAR)
Tue NZD ANZ Commodity
Apr 2
00:00 Low 7.4% 1.1%
Price (MAR)

9. JPY Labor Cash
01:30 Medium -0.7% -0.2% 0.1%
Earnings (YoY) (FEB)
AUD Reserve Bank of
03:30 Australia Rate Decision High 3.00% 3.00% 3.00%
(APR 2)
AUD RBA Commodity
05:30 Index SDR (YoY) Low -7.5% -6.5%
(MAR)
AUD RBA Commodity
05:30 Low 87.9 87.9
Price Index (MAR)
CHF SVME-Purchasing
07:30 Medium 48.3 50.4 50.8
Managers Index (MAR)
EUR Italian Purchasing
07:45 Manager Index Low 44.5 45.3 45.8
Manufacturing (MAR)
EUR French
Purchasing Manager
07:50 Low 44.0 43.9 43.9
Index Manufacturing
(MAR F)
EUR German
Purchasing Manager
07:55 Medium 49.0 48.9 48.9
Index Manufacturing
(MAR F)
EUR Euro-Zone
Purchasing Manager
08:00 Medium 46.8 46.6 46.6
Index Manufacturing
(MAR F)
EUR Italian
08:00 Unemployment Rate Medium 11.6% 11.8% 11.7%
s.a. (FEB P)
GBP Mortgage
08:30 Medium 51.7K 53.7K 54.2K
Approvals (FEB)
GBP Net Consumer
08:30 Medium 0.6B 0.4B 0.5B
Credit (FEB)
GBP Net Lending Sec.
08:30 Medium 0.9B 0.4B 0.3B
on Dwellings (FEB)
GBP Purchasing
08:30 Manager Index Medium 48.3 48.7 47.9
Manufacturing (MAR)
GBP M4 Ex IOFCs 3M
08:30 Low 3.1% 5.0% 5.8%
Annualised (FEB)
GBP M4 Money Supply
08:30 Low -0.5% 0.9%
(MoM) (FEB)
GBP M4 Money Supply
08:30 Low 0.5% -0.8%
(YoY) (FEB)
EUR Euro-Zone
09:00 Unemployment Rate Medium 12.0% 12.0% 12.0%
(FEB)
EUR ECB's Kranjec
Presents Slovenia
10:00 Low
Economy Outlook,
Banks
EUR German
Consumer Price Index -
12:00 High 1.7% 1.8%
EU Harmonised (YoY)
(MAR P)

10. EUR German
12:00 Consumer Price Index High 1.3% 1.5%
(YoY) (MAR P)
EUR German
Consumer Price Index -
12:00 Medium 0.3% 0.8%
EU Harmonised (MoM)
(MAR P)
EUR German
12:00 Consumer Price Index Medium 0.4% 0.6%
(MoM) (MAR P)
USD ISM New York
13:45 Low 58.8
(MAR)
USD Factory Orders
14:00 Medium 2.9% -2.0%
(FEB)
USD IBD/TIPP
14:00 Economic Optimism Low 45.5 42.2
(APR) (APR)
EUR ECB's Coeure
15:20 Speaks in Washington Low
DC
USD Fed's
Kocherlakota Speaks
17:00 Low
on Monetary Policy in
North Dakota
USD Fed's Lockhart
17:30 Low
Speaks in Alabama
USD Domestic Vehicle
21:00 Low 12.04M 11.99M
Sales (MAR)
USD Total Vehicle
21:00 Low 15.30M 15.33M
Sales (MAR)
GBP BRC Shop Price
23:01 Low 1.10%
Index (YoY) (MAR)
USD Fed's Evans,
Lacker Speak on
23:30 Low
Monetary Policy in
Richmond
Wed AUD HIA New Home
Apr 3
00:00 Medium 4.2%
Sales (MoM) (FEB)
GBP Halifax House Low 1.1% 1.9%
Price (3MoY) (MAR)
GBP Halifax Plc House
Prices s.a. (MoM) Low 0.2% 0.5%
(MAR)
AUD Trade Balance
00:30 (Australian dollar) Medium -1000M -1057M
(FEB)
CNY Non-
01:00 manufacturing PMI Medium 54.5
(MAR)
CNY HSBC Services
01:45 Medium 52.1
PMI (MAR)
GBP Purchasing
08:30 Manager Index Medium 48.0 46.8
Construction (MAR)
EUR Euro-Zone
09:00 Consumer Price Index Medium 1.6% 1.8%
Estimate (YoY) (MAR)

11. USD MBA Mortgage
11:00 Low 7.7%
Applications (MAR 29)
USD ADP Employment
12:15 Medium 200K 198K
Change (MAR)
USD ISM Non-
14:00 Manufacutring Medium 55.6 56
Composite (MAR)
USD DOE Cushing OK
14:30 Crude Inventory (MAR Low 439K
29)
USD DOE U.S. Crude
14:30 Oil Inventories (MAR Low 2250K 3256K
29)
USD DOE U.S.
14:30 Distillate Inventory Low -750K -4513K
(MAR 29)
USD DOE U.S.
14:30 Gasoline Inventories Low -1000K -1596K
(MAR 29)
USD Fed's Williams
19:30 Speaks on Monetary Low
Policy in Los Angeles
USD Fed's Bullard to
21:00 Introduce Lecture in St. Low
Louis
AUD AiG Performance
22:30 Medium 48.5
of Service Index (MAR)
JPY Foreign Buying
23:50 Japan Bonds (Yen) Low -¥975.2B
(MAR 29)
JPY Foreign Buying
23:50 Japan Stocks (Yen) Low -¥267.6B
(MAR 29)
JPY Japan Buying
23:50 Foreign Bonds (Yen) Low -¥490.5B
(MAR 29)
JPY Japan Buying
23:50 Foreign Stocks (Yen) Low -¥640.2B
(MAR 29)
Thu JPY Bank of Japan
Apr 4
High 0.10% 0.10%
Rate Decision (APR 4)
AUD Building
00:30 Medium 14.3% 9.9%
Approvals (YoY) (FEB)
AUD Retail Sales s.a.
00:30 Medium 0.3% 0.9%
(MoM) (FEB)
AUD Building
00:30 Low 2.5% -2.4%
Approvals (MoM) (FEB)
EUR Italian Purchasing
07:45 Manager Index Low 43.5 43.6
Services (MAR)
EUR French
Purchasing Manager
07:50 Low 41.9 41.9
Index Services (MAR
F)
EUR German
Purchasing Manager
07:55 Medium 51.6 51.6
Index Services (MAR
F)

12. EUR Euro-Zone
Purchasing Manager
08:00 Medium 46.5 46.5
Index Composite (MAR
F)
EUR Euro-Zone
Purchasing Manager
08:00 Medium 46.5 46.5
Index Services (MAR
F)
GBP Purchasing
08:30 Manager Index Medium 51.5 51.8
Services (MAR)
GBP Official Reserves
08:30 Low -$1333M
(Changes) (MAR)
EUR Euro-Zone
09:00 Producer Price Index Medium 1.4% 1.9%
(YoY) (FEB)
EUR Euro-Zone
09:00 Producer Price Index Low 0.2% 0.6%
(MoM) (FEB)
GBP BOE Asset
11:00 High 375B 375B
Purchase Target (APR)
GBP Bank of England
11:00 High 0.50% 0.50%
Rate Decision (APR 4)
USD Challenger Job
11:30 Low 7.0%
Cuts (YoY) (MAR)
USD RBC Consumer
11:30 Low 47.1
Outlook Index (APR)
EUR European Central
11:45 Bank Rate Decision High 0.75% 0.75%
(APR 4)
EUR ECB Deposit
11:45 Medium 0.00% 0.00%
Facility Rate (APR 4)
USD Initial Jobless
12:30 Medium 353K 357K
Claims (MAR 30)
USD Continuing Claims
12:30 Low 3065K 3050K
(MAR 23)
USD Fed's Evans,
12:45 Lockhart Speak on Low
Monetary Policy in Ohio
USD EIA Natural Gas
14:30 Storage Change (MAR Low -95
29)
USD Fed's George
16:30 Speaks on Economy in Low
Oklahoma
USD Fed's Yellen
21:00 Low
Speaks in Washington
JPY Official Reserve
23:50 Low $1258.8B
Assets (MAR)
GBP New Car
Fri
Apr 5
Registrations (YoY) Low 7.9%
(MAR)
JPY Bank of Japan's
05:00 Monthly Economic Medium
Report for April (Table)

13. JPY Leading Index
05:00 Medium 97.3 95
(FEB P)
JPY Coincident Index
05:00 Low 91.9 91.6
(FEB P)
CHF Foreign Currency
07:00 Low 427.0B 430.0B
Reserves (MAR)
EUR Italian Deficit to
08:00 Medium 3.7%
GDP (YTD) (4Q)
EUR Euro-Zone Retail
09:00 High -1.2% -1.3%
Sales (YoY) (FEB)
EUR Euro-Zone Retail
09:00 Medium -0.4% 1.2%
Sales (MoM) (FEB)
EUR German Factory
10:00 Orders n.s.a. (YoY) Medium -1.5% -2.5%
(FEB)
EUR German Factory
10:00 Orders s.a. (MoM) Low 1.1% -2.5%
(FEB)
CAD Net Change in
12:30 High 5.0K 50.7K
Employment (MAR)
CAD Unemployment
12:30 High 7.0% 7.0%
Rate (MAR)
USD Change in Non-
12:30 High 199K 236K
farm Payrolls (MAR)
USD Unemployment
12:30 High 7.7% 7.7%
Rate (MAR)
CAD Full Time
12:30 Employment Change Medium 33.6
(MAR)
USD Average Hourly
12:30 Earnings All Employees Medium 0.2% 0.2%
(MoM) (MAR)
USD Average Hourly
12:30 Earnings All Employees Medium 2.0% 2.1%
(YoY) (MAR)
USD Change in
12:30 Household Medium 170
Employment (MAR)
USD Change in Private
12:30 Medium 203K 246K
Payrolls (MAR)
USD Trade Balance
12:30 Medium -$44.6B -$44.4B
(FEB)
USD Two-Month
12:30 Payroll Net Revision Medium -15K
(MAR)
USD Underemployment
12:30 Medium 14.3%
Rate (U6) (MAR)
CAD International
12:30 Merchandise Trade Low 0.10B -0.24B
(Canadian dollar) (FEB)
CAD Part Time
12:30 Employment Change Low 17.2
(MAR)

14. CAD Participation Rate
12:30 Low 66.7 66.7
(MAR)
USD Average Weekly
12:30 Hours All Employees Low 34.5 34.5
(MAR)
USD Change in
12:30 Manufacturing Payrolls Low 10K 14K
(MAR)
CAD Ivey Purchasing
14:00 Managers Index s.a Medium 52.2 51.1
(MAR)
USD Consumer Credit
19:00 Medium $15.000B $16.151B
(FEB)
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