14 -18 APR-2014
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EPIC RESEARCH REPORT WEEKLY INTERNATIONAL FOREX
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INTERNATIONAL CURRENCY BUZZ
Forex - Dollar gains on upbeat U.S. producer price index Forex - EUR/USD gains on Greek bond issue, positive U.S. data supports dollar Forex - USD/JPY gains on upbeat U.S. sentiment, wholesale pricing data EUR/USD EUR/USD was up 0.08% at 1.3898, up from a session low of 1.3863 and off a high of 1.3905.The pair was likely to find support at 1.3673, the low from April 4, and resistance at 1.3948, the high from March 17.The euro saw support after Greece made a successful return to the financial markets on Thursday, raising â‚Ź3 billion in its first bond auction since 2010, when Athens sought its first bailout.In the U.S., meanwhile, upbeat U.S. indicators supported the greenback and cushioned losses against the euro.The preliminary Thomson Reuters/University of Michigan consumer sentiment index came to 82.6 in April, beating expectations for a 81.0 reading.Separately, official data showed that the U.S. producer price index rose 0.5% in March, exceeding expectations for a 0.1% gain, after a 0.1% fall the previous month. USD/JPY USD/JPY was up 0.05% and trading at 101.59, up from a session low of 101.33 and off a high of 101.86.The pair was expected to test support at 101.33, the session low, and resistance at 104.12, the high from April 4.In the U.S., upbeat economic indicators supported the greenback.The preliminary Thomson Reuters/University of Michigan April consumer sentiment index came in at 82.6, beating expectations for a 81.0 reading.Separately, official data showed that the U.S. producer price index rose 0.5% in March, exceeding expectations for a 0.1% gain, after a 0.1% fall the previous month.Core producer price inflation, which is stripped of volatile food, energy and trade items, rose 0.6% in March, beating expectations for a 0.2% rise after a 0.2% decline in February.. YOUR MINTVISORY
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WEEKLY ECONOMIC DATA
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EPIC'S ANALYST SPEAKS USD/CAD DAILY Chart
INTRADAY OUTLOOK Support: 1.0835 Resistance: 1.0995 RECOMMENDATION: 1. Buy USD/CAD Above 1.0995- TG: 1.1035/ 1.1095 SL 1.0935 2. Sell USD/CAD Below 1.0835- TG: 1.0795/ 1.0735 SL 1.0895 YOUR MINTVISORY
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EPIC'S ANALYST SPEAKS GBP/USD DAILY Chart
INTRADAY OUTLOOK Immediate Support: 1.6690 Immediate Resistance: 1.6825 RECOMMENDATION: 1. Buy GBP/USD Above 1.6830- TG: 1.6870/ 1.6930 SL 1.6770 2. Sell GBP/USD Below 1.6690- TG: 1.6650/ 1.6590 SL 1.6750 YOUR MINTVISORY
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