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1. [Type text] [Type text]
Issue 779 – 30th
April 2014
xDirect MARKET
PULSE
M O R N I N G - R E P O R T

2. Issue 779 – 30th
Apr
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April 2014
EURUSD: Support 1.3755 – 1.378
Resistance: 1.3860 – 1.
Lackluster inflation rates out of Germany weakened the
euro against the dollar on Tuesday, as investors braced for the
possibility that the European Central Bank will loosen policy to stave
off broader deflationary pressures.
down 0.30% at 1.3809, up from a session low of 1.3805 and off a high
of 1.3879. The pair was likely to find support at 1.3792, last
Thursday's low, and resistance at 1.3880, Monday's high.
Federal Statistics Bureau reported that the country's consumer price
index fell 0.2% in April from March and rose 1.3% on year.
are trading just below 80 % zone with
below 1.3800 can test 1.3525/1.3450 &
1.3850 can move and test 1.3950 level.
GBPUSD: Support: 1.6760 – 1.67
Resistance: 1.6850 – 1.6
The pound held steady against the dollar on Tuesday even
after data revealed the U.K. economy grew less than markets w
expecting in the first quarter, as a lackluster consumer confidence
report in the U.S. softened greenback demand, though the pair
remained range bound. In U.S. trading on Tuesday,
trading at 1.6826, up 0.12%, up from a ses
high of 1.6847. Cable was likely to find support at 1.6778, Monday's
low, and resistance at 1.6857, Monday's high.
is in higher zone where if sustain trading is seen
1.6950 – 1.7050 & Support is seen at 1.6
negative.
AUDUSD: Support: 0.9205 – 0.92
Resistance: 0.9295 – 0
The Australian dollar was lower against its U.S. counterpart
on Tuesday, as a strong U.S. housing report on Monday continued to
support demand for the greenback and as investors began to foc
the Federal Reserve's upcoming policy meeting.
during late Asian trade, the pair's lowest since April 3; the pair
subsequently consolidated at 0.9239, falling 0.18%.
likely to find support at 0.9154, the low of March 26 and resistance at
0.9316, Monday's high. Stochastic are trading in lower
trade below support of 0.9300 might take
0.9050 levels where as sustain above 0.9400 can test
level. .
[Type text]
85 Pivot: 1.3830
1.3915
Lackluster inflation rates out of Germany weakened the
euro against the dollar on Tuesday, as investors braced for the
possibility that the European Central Bank will loosen policy to stave
off broader deflationary pressures. In U.S. trading, EUR/USD was
down 0.30% at 1.3809, up from a session low of 1.3805 and off a high
The pair was likely to find support at 1.3792, last
Thursday's low, and resistance at 1.3880, Monday's high. Germany’s
Federal Statistics Bureau reported that the country's consumer price
index fell 0.2% in April from March and rose 1.3% on year. Stochastic
% zone with downside move and if sustain
50 & resistance is at 1.3850 above
0 level.
795 Pivot: 1.6825
1.6880
The pound held steady against the dollar on Tuesday even
after data revealed the U.K. economy grew less than markets were
expecting in the first quarter, as a lackluster consumer confidence
report in the U.S. softened greenback demand, though the pair
In U.S. trading on Tuesday, GBP/USD was
trading at 1.6826, up 0.12%, up from a session low of 1.6793 and off a
Cable was likely to find support at 1.6778, Monday's
low, and resistance at 1.6857, Monday's high. Stochastic positive and
stain trading is seen above 1.6800 can test
seen at 1.6720 below which trend is
240 Pivot: 0.9260
0.9315
The Australian dollar was lower against its U.S. counterpart
on Tuesday, as a strong U.S. housing report on Monday continued to
support demand for the greenback and as investors began to focus on
the Federal Reserve's upcoming policy meeting. AUD/USD hit 0.9228
during late Asian trade, the pair's lowest since April 3; the pair
subsequently consolidated at 0.9239, falling 0.18%. The pair was
likely to find support at 0.9154, the low of March 26 and resistance at
are trading in lower zone and price
might take it towards fresh low of
where as sustain above 0.9400 can test 0.9500 – 0.9650

3. Issue 779 – 30th
Apr
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April 2014
GOLD: Support: 1279 – 1288
Resistance: 1302 – 1309
Gold prices were flat in Asia on Wednesday as investors
held steady ahead of the May 1 holidays in much of the region with
major buyer China on the sidelines on Thursday and Frida
Comex division of the New York Mercantile Exchange,
for June delivery traded at $1,296.20a troy ounce, down 0.01%, after
hitting an overnight session low of $1,286.60 and off a high of
$1,301.40. Overnight, gold prices inched lower as investors shrugged
off lackluster U.S. data and remained camped out in safe
dollar positions ahead of the Federal Reserve's Wednesday statement
on monetary policy. Stochastic have turned
trading below 1300 can test 1280 -
1306 might retest 1335 levels.
SILVER: Support: 19.20 – 19.35
Resistance: 19.63 – 19.
Silver for July delivery fell 0.22% at US$19.495 a troy ounce,
while copper futures for July delivery rose 0.07% to US$3.077 a
pound. “Consumer confidence declined slightly in April, as
consumers assessed current business and labor market conditions
less favorably than in March,” Lynn Franco, Director of Economic
Indicators at The Conference Board, said in a statement.
their expectations regarding the short
and labor market held steady. Thus, while sentiment regarding
current conditions may have slipped a bit, consumers do not foresee
the economy, or the labor market, losing the momentum that has
been building up over the past several months.”
WTI OIL: Support: 99.47 – 100.2
Resistance: 101.65 – 10
Crude oil futures fell in Asia on Wednesday after bearish
industry data on U.S. supplies and prospects for increased exports
from Libya. On the New York Mercantile Exchange, West Tex
Intermediate crude oil for delivery in June traded at $100.63 a barrel,
down 0.65%, after hitting an overnight session low of $100.82 a barrel
and a high of $102.20 a barrel.
exchange rose 86 cents, or 0.8%, to $108.98 a barrel.
Petroleum Institute, an industry group, said late Tuesday that its own
data for the same week shows a three million
stocks, according to industry sources.
50% zone and if sustain trading above
buying to test 105 - 109 level support is seen at
[Type text]
Pivot: 1295
09
Gold prices were flat in Asia on Wednesday as investors
held steady ahead of the May 1 holidays in much of the region with
major buyer China on the sidelines on Thursday and Friday. On the
Comex division of the New York Mercantile Exchange, goldfutures
for June delivery traded at $1,296.20a troy ounce, down 0.01%, after
hitting an overnight session low of $1,286.60 and off a high of
Overnight, gold prices inched lower as investors shrugged
off lackluster U.S. data and remained camped out in safe-haven
dollar positions ahead of the Federal Reserve's Wednesday statement
Stochastic have turned negative and sustain
1270 level where as sustain above
35 Pivot: 19.48
77
for July delivery fell 0.22% at US$19.495 a troy ounce,
futures for July delivery rose 0.07% to US$3.077 a
“Consumer confidence declined slightly in April, as
consumers assessed current business and labor market conditions
vorably than in March,” Lynn Franco, Director of Economic
Indicators at The Conference Board, said in a statement. “However,
their expectations regarding the short-term outlook for the economy
and labor market held steady. Thus, while sentiment regarding
urrent conditions may have slipped a bit, consumers do not foresee
the economy, or the labor market, losing the momentum that has
been building up over the past several months.”
25 Pivot: 101.1
102.7
Crude oil futures fell in Asia on Wednesday after bearish
. supplies and prospects for increased exports
On the New York Mercantile Exchange, West Texas
for delivery in June traded at $100.63 a barrel,
down 0.65%, after hitting an overnight session low of $100.82 a barrel
Brent crude on the ICE futures
exchange rose 86 cents, or 0.8%, to $108.98 a barrel. The American
Petroleum Institute, an industry group, said late Tuesday that its own
hows a three million-barrel rise in crude
stocks, according to industry sources. Stochastic are trading below
% zone and if sustain trading above 103 $ will bring some more
level support is seen at 102 on closing basis.

4. Issue 779 – 30th
Apr
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April 2014
USDJPY: Support: 102.1– 102.4
Resistance: 102.80 – 103.1
The yen and Australian dollar strengthened further in Asia
on Wednesday after data sets that pointed to economic improvement
in output and wages in Japan and credit growth in Australia.
March industrial output data rose 0.3% the first gain in two months,
but below expectations. Analysts had expected a gain of 0.5%.Shortly
after data showed that average cash wages rose 0.7%, well above
expectations for a 0.2% gain and the first rise in three months.
analysts cautioned that on the wage data, earnings ha
overtime pay and twice-annual bonuse
Stochastic are trading in mid zone where side
is expected and if support of 102 is breaks
and if holds then might look at higher level till 108
EURJPY: Support: 139 – 140
Resistance: 142 – 143
The U.S. dollar fell to two
dollar on Tuesday, as investors looked ahead to a series of major
economic events later in the week.
1.0962, the weakest since April 16 and was last down 0.58% to 1.0965.
The pair was likely to find support at 1.0911, the low of April 8 and
resistance at 1.1028, the session high.
strengthened ahead of the latest report on the country’s economic
growth, due for release on Wednesday. Meanwhile Bank of Cana
Governor Stephen Poloz was to speak later Tuesday and again on
Wednesday. Stochastic which have been in
sign of down side move to continue.
[Type text]
Pivot: 102.6
103.1
The yen and Australian dollar strengthened further in Asia
ts that pointed to economic improvement
in output and wages in Japan and credit growth in Australia. Japan's
March industrial output data rose 0.3% the first gain in two months,
t below expectations. Analysts had expected a gain of 0.5%.Shortly
after data showed that average cash wages rose 0.7%, well above
expectations for a 0.2% gain and the first rise in three months. Still,
analysts cautioned that on the wage data, earnings have been led by
annual bonuses built into most salary scales.
trading in mid zone where sideway to down side move
s breaks then will test 98 – 95 levels
higher level till 108 level.
Pivot: 141
The U.S. dollar fell to two-week lows against the Canadian
investors looked ahead to a series of major
economic events later in the week. USD/CAD touched lows of
1.0962, the weakest since April 16 and was last down 0.58% to 1.0965.
The pair was likely to find support at 1.0911, the low of April 8 and
resistance at 1.1028, the session high. The Canadian dollar
strengthened ahead of the latest report on the country’s economic
growth, due for release on Wednesday. Meanwhile Bank of Canada
Governor Stephen Poloz was to speak later Tuesday and again on
Stochastic which have been in lower zone are showing
sign of down side move to continue.

5. Issue 779 – 30th
Apr
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April 2014
NIFTY: Support: 6740 - 6770
Resistance: 6830 - 6860
Asia shares were mixed on Wednesday ah
holiday in much of the region with Japan showing some strength
in leading index shares. The Nikkei
session with Softbank Corp. (9984.TOK
earnings gains made by Sprint Corp
SoftBank recently paid $22 billion to take over the U.S. wireless
company. The Bank of Japan board decided by a unanimous vote
on Wednesday to leave its policy target unchanged, as widely
expected. A Wednesday statement due from the U.S. Feder
Reserve kept trading ranges in check.
also edged 0.03% higher while the Hang Seng index eased
1.15%.
DE 30: Support: 9360 - 9405
Resistance: 9497 – 954
European stocks pushed higher on Tuesday, as investors
continued to eye a highly anticipated inflation report due on
Wednesday, as well as the Federal Reserve's upcoming policy
statement. During European afternoon trade, the
50 advanced 0.95%, France’s
Germany’s DAXjumped 1.13%. Official data earlier showed that
Spains unemployment rate ticked up to 25.9% in the first quarter,
from 25.7% in the fourth quarter of 2013, whose figure was revised
from a previously estimated rate of 26.0%.
unemployment rate to fall to 25.6% in the last quarter.
US 30: Support: 16260 – 165
Resistance: 16435 – 1
Upbeat earnings sent U.S. stock indices rising on Tuesday
in a session that saw investors shrug off lackluster consumer
confidence data as well as ongoing unrest in Ukraine.
U.S. trading, the Dow 30 rose 0.53%, the
while the NASDAQ Composite
expected earnings from Merck & Company Inc
Ameriprise Financial Inc (NYSE:AMP
stock prices rising on hopes an improving economy will bolster
corporate fundamentals. Investors largely blew off events in Ukraine,
where pro-Russian separatists stormed regional government offices
in the eastern city of Luhansk on Tuesday.
[Type text]
Pivot: 6800
6860
Asia shares were mixed on Wednesday ahead of the May 1
holiday in much of the region with Japan showing some strength
Nikkei 225 rose 0.23% in the morning
9984.TOK) up 1.1% on strong
Sprint Corp (NYSE:S) in the U.S.
SoftBank recently paid $22 billion to take over the U.S. wireless
The Bank of Japan board decided by a unanimous vote
on Wednesday to leave its policy target unchanged, as widely
A Wednesday statement due from the U.S. Federal
Reserve kept trading ranges in check. The Shanghai Composite
also edged 0.03% higher while the Hang Seng index eased
Pivot: 9450
545
European stocks pushed higher on Tuesday, as investors
continued to eye a highly anticipated inflation report due on
s well as the Federal Reserve's upcoming policy
During European afternoon trade, the DJ Euro Stoxx
CAC 40 rose 0.42%, while
Official data earlier showed that
icked up to 25.9% in the first quarter,
from 25.7% in the fourth quarter of 2013, whose figure was revised
from a previously estimated rate of 26.0%. Anlaysts had expected the
unemployment rate to fall to 25.6% in the last quarter.
Pivot: 16420
16495
S. stock indices rising on Tuesday
in a session that saw investors shrug off lackluster consumer
confidence data as well as ongoing unrest in Ukraine. At the close of
rose 0.53%, the S&P 500 index rose 0.48%,
index rose 0.72%. Better-than-
expected earnings from Merck & Company Inc (NYSE:MRK),
NYSE:AMP) and other companies sent U.S.
stock prices rising on hopes an improving economy will bolster
Investors largely blew off events in Ukraine,
Russian separatists stormed regional government offices
in the eastern city of Luhansk on Tuesday.

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Issue 779 – 30th
April 2014
GLOBAL ECONOMIC CALLENDER IST
Date 10:12am Currency Impact Detail Actual Forecast Previous
WedApr 30 1:00am CAD BOC Gov Poloz Speaks
4:15am NZD Building Consents m/m 8.30% -1.60%
4:35am GBP GfK Consumer Confidence -3 -4 -5
4:45am JPY Manufacturing PMI 49.4 53.9
5:20am JPY Prelim Industrial Production m/m 0.30% 0.60% -2.30%
6:30am NZD ANZ Business Confidence 64.8 67.3
7:00am AUD Private Sector Credit m/m 0.40% 0.40% 0.40%
JPY Average Cash Earnings y/y 0.70% 0.20% -0.10%
9:21am JPY Monetary Policy Statement
10:30am JPY Housing Starts y/y -2.80% 1.00%
11:30am CHF UBS Consumption Indicator 1.57
EUR German Retail Sales m/m -0.60% 1.30%
JPY BOJ Outlook Report
Tentative JPY BOJ Press Conference
12:15pm EUR French Consumer Spending m/m 0.30% 0.10%
12:30pm CHF KOF Economic Barometer 2.03 1.99
EUR Spanish Flash GDP q/q 0.40% 0.20%
1:25pm EUR German Unemployment Change -10K -12K
1:30pm EUR Italian Monthly Unemployment Rate 13.00% 13.00%
2:30pm EUR CPI Flash Estimate y/y 0.80% 0.50%
EUR Italian Prelim CPI m/m 0.10% 0.10%
5:45pm USD ADP Non-Farm Employment Change 203K 191K
6:00pm CAD GDP m/m 0.20% 0.50%
CAD RMPI m/m 1.20% 5.70%
CAD IPPI m/m 0.60% 1.00%
USD Advance GDP q/q 1.20% 2.60%
USD Advance GDP Price Index q/q 1.60% 1.60%
USD Employment Cost Index q/q 0.50% 0.50%
7:15pm USD Chicago PMI 56.6 55.9
8:00pm USD Crude Oil Inventories 1.3M 3.5M
9:00pm GBP MPC Member Dale Speaks
11:30pm USD FOMC Statement
USD Federal Funds Rate <0.25% <0.25%

7. Issue 779 – 30th
Apr
Contact us for any questions:
1 800 209 5006 (toll free)
Email:
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[Type text]
April 2014
Contact us for any questions:
1 800 209 5006 (toll free)
Email: analysis@xdirect.in
Follow us on: Chat with our analyst on:
xtbindia_research@yahoo.com
Everyday market analysis videos:
Prepared By: Rajeev Darji
Sr. Research Specialist
xDirect India
[Type text]
Follow us on: Chat with our analyst on:
xtbindia_research@yahoo.com
Rajeev Darji
Research Specialist

8. [Type text] [Type text]
Issue 779 – 30th
April 2014
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