The report summarizes international forex market conditions, with the dollar strengthening against rivals on expectations of higher US interest rates. The British pound weakened versus the dollar after disappointing UK economic data, while the euro declined to 12-year lows due to the launch of quantitative easing by the European Central Bank. Technical analysis and intraday trading recommendations are provided for the GBP/USD and EUR/USD currency pairs.

1. EPIC RESEARCH REPORT
DAILY INTERNATIONAL FOREX
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12-MAR-2015

2. INTERNATIONAL CURRENCY BUZZ
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Forex-Dollar broadly higher vs. rivals on Fed rate hike hopes.
Forex-GBP/USD re-approaches 5-week lows as U.K. data disappoints.
Forex- Euro at 12-year lows as ECB QE weighs.
GBP/USD
GBP/USD hit 1.5039 during European morning trade, the session low; the pair subsequently consolidated at 1.5046,
shedding 0.16%.In a report, the U.K. Office for National Statistics said that manufacturing production declined
0.5% in January, disappointing expectations for an increase of 0.2% and following a 0.1% gain in December.On an
annualized basis, manufacturing production rose at rate of 1.9% in January, below expectations for a gain of 2.6%,
after rising at a rate of 2.6% the previous month.The report also showed that industrial production fell 0.1% in
January, compared to expectations for a 0.2% gain, after declining 0.2% in December.Meanwhile, the dollar
remained supported after the latest U.S. jobs report heigthened expectations for higher interest rates.The Federal
Reserve is expected to begin raising interest rates around the middle of this year and investors were looking ahead
to next week’s policy statement to see if it would drop its reference to being patient before raising rates.
EUR/USD
EUR/USD tumbling 1.14% to 1.0574.The euro came under broad selling pressure after the European Central Bank
began purchasing securities on Monday as part of an asset-buying program amounting to €60 billion
month.Concerns over the situation in Greece also weighed, as the eurogroup of finance ministers continued talks
in Brussels to discuss a reform package put forward by Greece as part of its bailout review.Germany’s finance
minister Wolfgang Schaeuble warned Tuesday that Greece must stop wasting time and start developing its reform
package.

3. DAILY ECONOMIC DATA
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4. YOUR MINTVISORY Call us at +91-731-6642300
INTRADAY OUTLOOK
Support: 1.5012
Resistance: 1.5071
RECOMMENDATION:
1. Buy GBP/USD Above 1.5073-TG: 1.5093/1.5123 SL 1.5043
2. Sell GBP/USD Below 1.5010-TG: 1.4990/1.4960 SL 1.5040
EUR/USD Hourly Chart
EPIC'S ANALYST SPEAKS
GBP/USD Hourly Chart

5. EPIC'S ANALYST SPEAKS
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EUR/USD Hourly Chart
INTRADAY OUTLOOK
Support: 1.0562
Resistance: 1.0635
RECOMMENDATION:
1. Buy EUR/USD Above 1.0637-TG: 1.0657/1.0687 SL 1.0607
2. Sell EUR/USD Below 1.0560-TG: 1.0540/1.0510 SL 1.0590

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