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DAILY I FOREX REPORT 12TH FEBRUARY 2013

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HEADLINES

 Euro Bull Trend May Survive Draghi, Heavy Event Risk Ahead  Forex: EUR/USD Faces 4Q GDP And USD/JPY The BoJ, Both Await Risk

TRADING TIPS  BUY EURUSD ABOVE 1.3405 tgs 1.3425/1.3445 sl 1.3385

 BUY USDJPY ABOVE 93.45 tgt 92.65/9.80 SL 93.25

 SELL GBPUSD BELOW 1.5679 tgt 1.5665/1.5651 SL

 Price & Time: AUD/USD Finds Demand At Key Gann Support Sterling Falls on Report that the BoE will Cut Its Growth Forecast Despite markets remaining closed on Monday in Japan and China for respective holidays, the Aussie, Pound, and Yen all started the week with significant declines against the US Dollar in Forex trading. The British Pound saw a sharp 60 point decline against the US Dollar over the European session because of an article by the UK Telegraph. The Telegraph reported that the three-month Bank of England inflation report, which is set to be released on Wednesday, will raise the inflation forecast to above 2% until 2015 while lowering the growth forecast. The Telegraph predicted some dovish comments from the BoE report despite the higher inflation. The lower growth forecast would contradict earlier comments by BoE Governor King, who said a gentle recovery is underway in the UK.

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 HOURLY EURUSD CHART HOURLY EURUSD CHART 

ANALYSIS OPEN: 1.3366 HIGH: 1.3405 LOW: 1.3357 CLOSE: 1.3384

 EURUSD LOOKS UPWARD  TREND : BULLISH  STRATEGY: BUY ON DEEPS  MACD =>. 0005(BULLISH SIGNAL)  RSI => 51(BULLISH SIGNAL)


HOURLY USDJPY CHART

 HOURLY USDJPY CHART

ANALYSIS OPEN: 92.55 HIGH: 93.45 LOW: 92.45 CLOSE: 93.32

 USDJPY LOOKS UPWARD  TREND: BULLISH  STRATEGY: BUY ON DEEPS  MACD => 0011( BULLISH SIGNAL)  RSI =>63(BULLISH SIGNAL)


HOURLYGBPUSD GBPUSD CHART  HOURLY CHART

ANALYSIS OPEN: 1.5799 HIGH: 1.5810 LOW: 1.5679 CLOSE: 1.5684

 GBPUSD LOOKS DOWNWARD  TREND: BEARISH  STRATEGY: SELL ON RISE  MACD => .0005( BEARISH SIGNAL)  RSI =>

20(BEARISH SIGNAL)


HOURLY EURGBP CHART

HOURLY EURGBP CHART

ANALYSIS OPEN: 0.8459 HIGH: 0.8537 LOW: 0.8457 CLOSE: 0.8536

 EURGBP LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DEEPS  MACD =>.-002(BULLISH SIGNAL)  RSI =>29(BULLISH SIGNAL)

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HOURLY USDINDEX CHART

ANALYSIS OPEN: 80.2120 HIGH: 80.3470 LOW: 80.1080 CLOSE: 80.3190

 USDINDEX LOOKS UPWARD  TREND: BULLISH  STRATEGY: BUY ON DEEPS  MACD =>0.045(BULLISH SIGNAL)  RSI =>65(BULLISH SIGNAL)

ECONOMIC CALENDER


Date

Time

Importance

Actual

Forecast

Previous

Mon Feb 11

00:30

AUD Home Loans (DEC)

Medium

-1.5%

0.0%

-0.7%

00:30

AUD Value of Loans (MoM) (DEC)

Low

-2.7%

0.5%

00:30

AUD Investment Lending (DEC)

Low

-2.4%

-3.2%

13:30

EUR Euro-Area Finance Ministers Meet in Brussels

High

21:45

NZD NZ Card Spending (MoM) (JAN)

Medium

21:45

NZD NZ Card Spending - Retail (MoM) (JAN)

Medium

0.3%

0.3%

23:50

JPY Japan Money Stock M3 (YoY) (JAN)

Low

2.3%

2.2%

23:50

JPY Japan Money Stock M2+CD (YoY) (JAN)

Low

2.6%

2.6%

EUR German Wholesale Price Index (YoY) (JAN)

Low

3.2%

EUR German Wholesale Price Index (MoM) (JAN)

Low

0.0%

Tue Feb 12

Currency

Event

0.4%

00:01

GBP RICS House Price Balance (JAN)

Medium

00:30

AUD NAB Business Confidence (JAN)

Medium

3

00:30

AUD RBA Credit Card Purchases (DEC)

Low

$A21.8B

00:30

AUD RBA Credit Card Balances (DEC)

Low

$A49.5B

00:30

AUD NAB Business Conditions (JAN)

Low

-4

06:00

JPY Machine Tool Orders (YoY) (JAN P)

Medium

-27.5%

08:15

CHF Consumer Price Index (YoY) (JAN)

Medium

08:15

CHF CPI - EU Harmonised (YoY) (JAN)

Medium

08:15

CHF Consumer Price Index (MoM) (JAN)

Low

08:15

CHF CPI - EU Harmonised (MoM) (JAN)

Low

09:30

GBP Core Consumer Price Index (YoY) (JAN)

High

1%

-0.3%

0.0%

-0.4%

-0.3%

-0.3%

-0.2%

0.1%

2.4%

2.4%

Notes


09:30

GBP Consumer Price Index (YoY) (JAN)

09:30

High

2.7%

2.7%

GBP Retail Price Index (YoY) (JAN)

Medium

3.2%

3.1%

09:30

GBP Producer Price Index Output n.s.a. (YoY) (JAN)

Medium

2.0%

2.2%

09:30

GBP Producer Price Index Output Core n.s.a. (YoY) (JAN)

Medium

1.4%

1.5%

09:30

GBP Consumer Price Index (MoM) (JAN)

Medium

-0.5%

0.5%

09:30

GBP Producer Price Index Output n.s.a. (MoM) (JAN)

Low

0.2%

-0.1%

09:30

GBP Producer Price Index Output Core n.s.a. (MoM) (JAN)

Low

0.1%

0.0%

09:30

GBP Producer Price Index Input n.s.a. (YoY) (JAN)

Low

1.0%

0.3%

09:30

GBP Producer Price Index Input n.s.a. (MoM) (JAN)

Low

0.8%

-0.2%

09:30

GBP DCLG UK House Prices (YoY) (DEC)

Low

2.0%

2.1%

09:30

GBP Retail Price Index (MoM) (JAN)

Low

-0.5%

0.5%

09:30

GBP Retail Price Index Ex Mort Int.Payments (YoY) (JAN)

Low

3.1%

3.0%

09:30

GBP Retail Price Index (JAN)

Low

245.6

246.8

12:00

USD Mortgage Delinquencies (4Q)

Low

7.4%

12:00

USD MBA Mortgage Foreclosures (4Q)

Low

4.1%

12:30

USD NFIB Small Business Optimism (JAN)

Low

15:00

USD JOLTs Job Openings (DEC)

Low

16:30

USD Fed's George Speaks on the Economy in Nebraska

Low

19:00

USD Monthly Budget Statement (JAN)

Medium

23:30

AUD Westpac Consumer Confidence (FEB)

Medium

0.6%

23:30

AUD Westpac Consumer Confidence Index (FEB)

Low

100.6

23:50

JPY Tertiary Industry Index (MoM) (DEC)

Medium

89

88

3676

-$2.00B

0.7%

-$27.41B

-0.3%


Wed Feb 13

23:50

JPY Domestic Corporate Goods Price Index (YoY) (JAN)

Low

-0.3%

-0.6%

23:50

JPY Domestic Corporate Goods Price Index (MoM) (JAN)

Low

0.2%

0.3%

00:30

USD Fed's Plosser Speaks on Economic Outlook in Stanford

Low

00:30

USD Fed's Lacker Speaks on Economics in Lancaster

Low

08:15

CHF Producer & Import Prices (YoY) (JAN)

Low

1.0%

1.0%

08:15

CHF Producer & Import Prices (MoM) (JAN)

Low

0.0%

0.1%

10:00

EUR Euro-Zone Industrial Production w.d.a. (YoY) (DEC)

Medium

-2.4%

-3.7%

10:00

EUR Euro-Zone Industrial Production s.a. (MoM) (DEC)

Low

0.2%

-0.3%

10:30

GBP Bank of England Inflation Report

High

12:00

USD MBA Mortgage Applications (FEB 8)

Low

13:30

USD Advance Retail Sales (JAN)

High

0.1%

0.5%

13:30

USD Retail Sales Less Autos (JAN)

Medium

0.1%

0.3%

13:30

USD Retail Sales Ex Auto & Gas (JAN)

Low

0.4%

0.6%

13:30

USD Retail Sales "Control Group" (JAN)

Low

0.2%

0.6%

13:30

USD Import Price Index (YoY) (JAN)

Low

13:30

USD Import Price Index (MoM) (JAN)

Low

0.8%

-0.1%

15:00

USD Business Inventories (DEC)

Medium

0.3%

0.3%

15:30

USD DOE U.S. Gasoline Inventories (FEB 8)

Low

15:30

USD DOE U.S. Distillate Inventory (FEB 8)

Low

15:30

USD DOE U.S. Crude Oil Inventories (FEB 8)

Low

15:30

USD DOE Cushing OK Crude Inventory (FEB 8)

Low

16:10

USD Fed's Bullard to Speak on Economy at Arkansas State University

Low

-1.5%


21:30

NZD Business NZ Performance of Manufacturing Index (JAN)

21:45

Medium

50.1

NZD Food Prices (MoM) (JAN)

Low

-0.2%

23:50

JPY Nominal Gross Domestic Product (QoQ) (4Q P)

High

0.0%

-0.9%

23:50

JPY Gross Domestic Product (QoQ) (4Q P)

High

0.1%

-0.9%

23:50

JPY Gross Domestic Product Annualized (4Q P)

High

0.4%

-3.5%

23:50

JPY Gross Domestic Product Deflator (YoY) (4Q P)

Low

-0.5%

-0.8%

JPY Bank of Japan Rate Decision (FEB 14)

High

-0.2%

0.10%

CNY Actual FDI (YoY) (JAN)

Medium

-0.2%

-4.5%

00:00

AUD Consumer Inflation Expectation (FEB)

Medium

2.0%

00:00

NZD ANZ Consumer Confidence (MoM) (FEB)

Low

3.1%

00:00

NZD ANZ Consumer Confidence Index (FEB)

Low

118.3

04:00

JPY Tokyo Condominium Sales (YoY) (JAN)

Low

-3.0%

06:30

EUR French Gross Domestic Product (YoY) (4Q P)

Medium

0.5%

0.0%

06:30

EUR French Gross Domestic Product (QoQ) (4Q P)

Low

-0.5%

0.1%

07:00

EUR German Gross Domestic Product w.d.a. (YoY) (4Q P)

High

0.9%

07:00

EUR German Gross Domestic Product n.s.a. (YoY) (4Q P)

High

0.4%

07:00

EUR German Gross Domestic Product s.a. (QoQ) (4Q P)

09:00

EUR ECB Publishes Monthly Report

09:00

EUR Italian Gross Domestic Product s.a. and w.d.a. (YoY) (4Q P)

Medium

-2.4%

09:00

EUR Italian Gross Domestic Product s.a. and w.d.a. (QoQ) (4Q P)

Low

-0.2%

Thu Feb 14

Medium

0.2%

0.2%

High


10:00

EUR Euro-Zone Gross Domestic Product s.a. (YoY) (4Q A)

High

-0.6%

10:00

EUR Euro-Zone Gross Domestic Product s.a. (QoQ) (4Q A)

Medium

-0.1%

13:30

USD Initial Jobless Claims (FEB 10)

Medium

360K

366K

13:30

USD Continuing Claims (FEB 3)

Low

3200K

3224K

15:30

USD EIA Natural Gas Storage Change (FEB 8)

Low

-118

21:45

NZD Retail Sales Ex Inflation (QoQ) (4Q)

Medium

-0.4%

23:50

JPY Japan Buying Foreign Stocks (Yen) (FEB 8)

Low

23:50

JPY Japan Buying Foreign Bonds (Yen) (FEB 8)

Low

23:50

JPY Foreign Buying Japan Stocks (Yen) (FEB 8)

Low

23:50

JPY Foreign Buying Japan Bonds (Yen) (FEB 8)

Low

USD Revisions of Producer Price Index

Low

01:35

CNY MNI February Flash Business Sentiment Indicator

Low

02:00

NZD Non Resident Bond Holdings (JAN)

Low

64.0%

04:30

JPY Industrial Production (YoY) (DEC F) (DEC F)

Medium

-7.8%

04:30

JPY Industrial Production (MoM) (DEC F) (DEC F)

Low

2.5%

04:30

JPY Capacity Utilization (MoM) (DEC F) (DEC F)

Low

-0.2%

05:00

USD G20 Finance Ministers and Central Bank Governors Meeting in Russia

Medium

09:30

GBP Retail Sales w/Auto Fuel (YoY) (JAN)

Medium

0.9%

0.3%

09:30

GBP Retail Sales (YoY) (JAN)

Medium

1.6%

1.1%

09:30

GBP Retail Sales w/Auto Fuel (MoM) (JAN)

Low

0.5%

-0.1%

09:30

GBP Retail Sales (MoM) (JAN)

Low

0.5%

-0.3%

Fri Feb 15

짜419.5B


10:00

EUR Euro-Zone Trade Balance s.a. (euros) (DEC)

Low

10.6B

11.0B

10:00

EUR Euro-Zone Trade Balance (euros) (DEC)

Low

12.0B

13.7B

13:30

USD Empire Manufacturing (FEB)

Low

-2

-7.78

13:30

CAD Manufacturing Shipments (MoM) (DEC)

Low

-0.5%

1.7%

14:00

USD Net Long-term TIC Flows (DEC)

Medium

$52.3B

14:00

CAD Existing Home Sales (MoM) (JAN)

Medium

-0.5%

14:00

USD Total Net TIC Flows (DEC)

Low

$27.8B

14:15

USD Manufacturing (SIC) Production (JAN)

Medium

0.2%

0.8%

14:15

USD Industrial Production (JAN)

Medium

0.2%

0.3%

14:15

USD Capacity Utilization (JAN)

Low

78.9%

78.8%

14:55

USD U. of Michigan Confidence (FEB P)

High

74.5

73.8

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daily-i-forex-report-BY EPIC RESEARCH 12 FEB 2013