Page 1

DAILY I FOREX REPORT 29TH

WWW.EPICRESEARCH.CO

JANUARY 2013

+91 9752199966


HEADLINES

 Forex News: France FinMin Moscovici Says 75% Tax Is Still Necessary  Forex: Dollar Closes Week at Six Month High, FOMC and GDP Ahead

TRADING TIPS  SELL EURUSD BELOW 1.3430 tgs 1.3415/1.3400 sl 1.3450

 Forex Analysis: EUR/JPY Potentially Repeating Pattern From 12 Years Ago

Forex Analysis: British Pound Sinks as Carney Hints at More Easing The British Pound broadly underperformed in

 SELL GBPUSD BELOW

overnight trade, down against its top counterparts. The selloff followed comments from incoming Bank of

1.5700 tgt

England Governor Mark Carney, who is due to replace

1.5685/1.5670 SL

the current BOE chief Mervyn King in July. Carney said

1.57.25

further stimulus and may do more, stressing the need

central banks have not “maxed out” the possibilities for to achieve “escape velocity” as developed economies

 BUY EURGBP ABOVE .8565 tgt .8579/.8593 SL .8545 WWW.EPICRESEARCH.CO

struggle to pick up pace in the aftermath of the Great Recession. The remarks hinted that Carney will pursue further accommodation when he takes the reins at Threadneedle Street. +91 9752199966


 HOURLY EURUSD CHART HOURLY EURUSD CHART 

ANALYSIS OPEN: 1.3465 HIGH: 1.3470 LOW: 1.3425 CLOSE: 1.3448

 EURUSD LOOKS DOWNWARD  TREND: BEARISH  STRATEGY: SELL ON RISE  MACD =>. -0005(BEARISH SIGNAL)  RSI => 45.06(BEARISH SIGNAL)


HOURLY USDJPY CHART

 HOURLY USDJPY CHART

ANALYSIS OPEN: 91.18 HIGH: 91.18 LOW: 90.56 CLOSE: 90.76

 USDJPY LOOKS UPWARD  TREND: BULLISH  STRATEGY: BUY ON DIPS  MACD => 0000( BULLISH SIGNAL)  RSI =>52(BULLISH SIGNAL)


HOURLYGBPUSD GBPUSD CHART  HOURLY CHART

ANALYSIS OPEN: 1.5773 HIGH: 1.5780 LOW: 1.5710 CLOSE: 1.5716

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

45(BEARISH SIGNAL)


HOURLY EURGBP CHART HOURLY EURGBP CHART

ANALYSIS OPEN: 0.8536 HIGH: 0.8559 LOW: 0.8530 CLOSE: 0.8553

 EURGBP LOOKS UPWARDS  TREND: BULLISH  STRATEGY: BUY ON DIPS  MACD =>.0022(BULLISH SIGNAL)  RSI =>75.15(BULLISH SIGNAL)

www.epicresearch.co

+ 91 9752199966


HOURLY USDINDEX CHART

ANALYSIS OPEN: 79.9970 HIGH: 80.0860 LOW: 79.7120 CLOSE: 79.7460

 USDINDEX LOOKS UPWARD  TREND: BULLISH  STRATEGY: BUY ON DIPS  MACD =>-0.0125(BULLISH SIGNAL)  RSI =>54(BULLISH SIGNAL)

ECONOMIC CALENDER


Date

Time

Sun Jan 27

01:30

Importance

Actual

CNY Industrial Profits YTD (YoY) (DEC)

Medium

5.3%

3.0%

21:30

NZD Performance Services Index (DEC)

Low

51.5

54.2

23:50

JPY Corporate Service Price (YoY) (DEC)

Low

-0.4%

Mon Jan 28

Tue Jan 29

Currency

Event

CNY Leading Index (DEC)

Forecast

-0.5%

Previous

-0.5%

100.21

Medium

00:01

GBP Hometrack Housing Survey (MoM) (JAN)

Low

0.0%

-0.1%

00:01

GBP Hometrack Housing Survey (YoY) (JAN)

Low

-0.3%

-0.3%

09:00

EUR Euro-Zone M3 s.a. (3M) (DEC)

Low

3.7%

3.8%

3.4%

09:00

EUR Euro-Zone M3 s.a. (YoY) (DEC)

Low

3.3%

3.9%

3.8%

13:30

USD Durable Goods Orders (DEC)

High

2.0%

0.8%

13:30

USD Durables Ex Transportation (DEC)

Medium

0.8%

1.6%

13:30

USD Cap Goods Orders Nondef Ex Air (DEC)

Low

-1.0%

2.6%

13:30

USD Cap Goods Ship Nondef Ex Air (DEC)

Low

0.5%

2.0%

15:00

USD Pending Home Sales (MoM) (DEC)

Low

0.1%

1.7%

15:00

USD Pending Home Sales (YoY) (DEC)

Medium

12.5%

8.9%

15:30

USD Dallas Fed Manufacturing Activity (JAN)

Low

3.0

6.8

21:45

NZD Trade Balance (New Zealand dollars) (DEC)

Medium

-105M

-700M

21:45

NZD Balance (YTD) (New Zealand dollars) (DEC)

Medium

-1870B

-1457B

21:45

NZD Exports (New Zealand dollars) (DEC)

Low

3.98B

3.81B

21:45

NZD Imports (New Zealand dollars) (DEC)

Low

4.13B

4.51B

23:00

AUD Conference Board Leading Index (NOV)

Medium

0.2%

00:30

AUD NAB Business Conditions (DEC)

Low

-5

00:30

AUD NAB Business Confidence (DEC)

Medium

-9

Notes


Wed Jan 30

05:00

JPY Small Business Confidence (JAN)

Medium

07:00

EUR German Import Price Index (MoM) (DEC)

Low

-0.1%

0.0%

07:00

EUR German GfK Consumer Confidence Survey (FEB)

Medium

5.7

5.6

07:00

EUR German Import Price Index (YoY) (DEC)

Low

0.9%

1.1%

14:00

USD S&P/CS 20 City (MoM) s.a. (NOV)

Low

0.7%

0.7%

14:00

USD S&P/Case-Shiller Composite-20 (YoY) (NOV)

Low

5.6%

4.3%

14:00

USD S&P/Case-Shiller Home Price Index (NOV)

Low

15:00

USD Consumer Confidence (JAN)

High

64

65.1

21:45

NZD Building Permits (MoM) (DEC)

Low

6.0%

-5.4%

23:50

JPY Retail Trade s.a. (MoM) (DEC)

Low

0.4%

0.0%

23:50

JPY Retail Trade (YoY) (DEC)

Medium

0.3%

1.3%

23:50

JPY Large Retailers' Sales (DEC)

Medium

-1.0%

0.9%

00:00

AUD DEWR Internet Skilled Vacancies (MoM) (DEC)

Low

-3.5%

07:00

CHF UBS Consumption Indicator (DEC)

Medium

1.23

08:00

CHF KOF Swiss Leading Indicator (JAN)

Medium

1.2

1.28

09:30

GBP Net Consumer Credit (DEC)

Medium

0.2B

0.1B

09:30

GBP Net Lending Sec. on Dwellings (DEC)

Medium

0.6B

-0.2B

09:30

GBP Mortgage Approvals (DEC)

Medium

54.5K

54.0K

09:30

GBP M4 Money Supply (MoM) (DEC)

Low

-0.2%

09:30

GBP M4 Money Supply (YoY) (DEC)

Low

-2.8%

09:30

GBP M4 Ex IOFCs 3M Annualised (DEC)

Low

4.3%

10:00

EUR Euro-Zone Economic Confidence (JAN)

Low

88.2

87

10:00

EUR Euro-Zone Business Climate

Low

-1

-1.12

43.8

146.08


Indicator (JAN) 10:00

EUR Euro-Zone Industrial Confidence (JAN)

10:00

EUR Euro-Zone Consumer Confidence (JAN F)

10:00

Low

-13.5

-14.4

Medium

-23.9

-23.9

EUR Euro-Zone Services Confidence (JAN)

Low

-9

-9.8

12:00

USD MBA Mortgage Applications (JAN 25)

Low

13:15

USD ADP Employment Change (JAN)

13:30

7.0%

Medium

163K

215K

USD Gross Domestic Product (Annualized) (4Q A)

High

1.2%

3.1%

13:30

USD Gross Domestic Product Price Index (4Q A)

High

1.5%

2.7%

13:30

USD Core Personal Consumption Expenditure (QoQ) (4Q A)

Medium

1.0%

1.1%

13:30

USD Personal Consumption (4Q A)

Medium

1.8%

1.6%

15:30

USD DOE U.S. Crude Oil Inventories (JAN 25)

Low

2813K

15:30

USD DOE Cushing OK Crude Inventory (JAN 25)

Low

-471K

15:30

USD DOE U.S. Gasoline Inventories (JAN 25)

Low

-1738K

15:30

USD DOE U.S. Distillate Inventory (JAN 25)

Low

508K

19:15

USD Federal Open Market Committee Rate Decision (JAN 30)

High

0.25%

20:00

NZD Reserve Bank of New Zealand Rate Decision (JAN 31)

High

23:50

JPY Japan Buying Foreign Bonds (Yen) (JAN 25)

Low

-짜35.2B

23:50

JPY Japan Buying Foreign Stocks (Yen) (JAN 25)

Low

-짜235.3B

23:50

JPY Foreign Buying Japan Bonds (Yen) (JAN 25)

Low

짜485.7B

23:50

JPY Foreign Buying Japan Stocks (Yen) (JAN 25)

Low

짜196.2B

23:50

JPY Loans & Discounts Corp (YoY) (DEC)

Low

0.4%

2.50%

2.50%


Thu Jan 31

23:50

JPY Industrial Production (MoM) (DEC P)

23:50

00:00

Low

4.1%

-1.4%

JPY Industrial Production (YoY) (DEC P)

Medium

-5.6%

-5.5%

AUD HIA New Home Sales (MoM) (DEC)

Medium

JPY Bank of Japan Deputy Governor Yamaguchi Speaks

Medium

00:01

GBP GfK Consumer Confidence Survey (JAN)

Medium

-28

-29

00:30

AUD Private Sector Credit (MoM) (DEC)

Low

0.2%

0.0%

00:30

AUD Private Sector Credit (YoY) (DEC)

Medium

3.4%

3.5%

00:30

AUD Export Price Index (QoQ) (4Q)

Low

-1.5%

-6.4%

00:30

AUD Import Price Index (QoQ) (4Q)

Low

0.4%

-2.4%

01:30

JPY Labor Cash Earnings (YoY) (DEC)

02:00

4.7%

Medium

-1.1%

NZD Money Supply M3 (YoY) (DEC)

Low

5.0%

04:00

JPY Vehicle Production (YoY) (DEC)

Low

-8.4%

05:00

JPY Housing Starts (YoY) (DEC)

Medium

13.5%

10.3%

05:00

JPY Annualized Housing Starts (DEC)

Medium

0.895M

0.907M

05:00

JPY Construction Orders (YoY) (DEC)

Low

07:00

GBP Nationwide House Prices s.a. (MoM) (JAN)

Low

0.2%

-0.1%

07:00

GBP Nationwide House Prices n.s.a. (YoY) (JAN)

Medium

-0.5%

-1.0%

07:00

EUR German Retail Sales (MoM) (DEC)

Low

-0.1%

1.2%

07:00

EUR German Retail Sales (YoY) (DEC)

Medium

-1.3%

-0.9%

08:55

EUR German Unemployment Change (JAN)

High

8K

3K

08:55

EUR German Unemployment Rate s.a. (JAN)

Medium

6.9%

6.9%

10:00

EUR Euro-Zone Consumer Price Index Estimate (YoY) (JAN)

Medium

-2.1%

2.2%


12:30

USD Challenger Job Cuts (YoY) (JAN)

13:00

EUR German Consumer Price Index (MoM) (JAN P)

Medium

-0.5%

0.9%

13:00

EUR German Consumer Price Index (YoY) (JAN P)

High

2.0%

2.1%

13:00

EUR German Consumer Price Index EU Harmonised (MoM) (JAN P)

Medium

-0.5%

0.9%

13:00

EUR German Consumer Price Index EU Harmonised (YoY) (JAN P)

High

2.0%

2.0%

13:30

CAD Gross Domestic Product (MoM) (NOV)

Medium

0.2%

0.1%

13:30

CAD Gross Domestic Product (YoY) (NOV)

High

13:30

USD Employment Cost Index (4Q)

Low

0.5%

0.4%

13:30

USD Personal Income (DEC)

Medium

0.8%

0.6%

13:30

USD Personal Spending (DEC)

Medium

0.3%

0.4%

13:30

USD Personal Consumption Expenditure Deflator (MoM) (DEC)

Low

0.0%

-0.2%

13:30

USD Personal Consumption Expenditure Deflator (YoY) (DEC)

Low

1.4%

1.4%

13:30

USD Personal Consumption Expenditure Core (MoM) (DEC)

Low

0.1%

0.0%

13:30

USD Personal Consumption Expenditure Core (YoY) (DEC)

Low

1.5%

1.5%

13:30

USD Initial Jobless Claims (JAN 27)

Medium

355K

330K

13:30

USD Continuing Claims (JAN 20)

Low

13:30

CAD Industrial Product Price (MoM) (DEC)

Low

0.0%

-0.3%

13:30

CAD Raw Materials Price Index (MoM) (DEC)

Low

0.8%

-1.9%

14:00

USD NAPM-Milwaukee (JAN)

Low

14:45

USD Chicago Purchasing Manager (JAN)

Low

51

51.6

-22.1%

Low

1.1%

3157K


15:30

USD EIA Natural Gas Storage Change (JAN 25)

Low

-172

21:45

NZD Net Migration s.a. (DEC)

Low

590

22:30

AUD AiG Performance of Manufacturing Index (JAN)

Medium

44.3

23:00

AUD RPData-Rismark House PX Actual (JAN)

Low

-0.30%

23:30

JPY Jobless Rate (DEC)

23:30

23:30 Fri Feb 1

Medium

4.10%

4.1%

JPY Job-To-Applicant Ratio (DEC)

Low

0.8

0.8

JPY Household Spending (YoY) (DEC)

Medium

-0.2%

0.2%

JPY Official Reserve Assets (JAN)

Low

00:30

AUD Producer Price Index (QoQ) (4Q)

Medium

0.3%

0.6%

00:30

AUD Producer Price Index (YoY) (4Q)

Medium

1.2%

1.1%

01:00

CNY Manufacturing PMI (JAN)

Medium

51

50.6

01:45

CNY HSBC Manufacturing PMI (JAN)

Medium

52

51.5

05:00

JPY Vehicle Sales (YoY) (JAN)

Low

-3.4%

05:30

AUD RBA Commodity Price Index (JAN)

Low

89.2

05:30

AUD RBA Commodity Index SDR (YoY) (JAN)

Low

-8.0%

08:30

CHF SVME-Purchasing Managers Index (JAN)

Medium

50.4

49.5

08:45

EUR Italian Purchasing Manager Index Manufacturing (JAN)

Low

47.6

46.7

08:50

EUR French Purchasing Manager Index Manufacturing (JAN F)

Low

42.9

42.9

08:55

EUR German Purchasing Manager Index Manufacturing (JAN F)

Medium

48.8

48.8

09:00

EUR Euro-Zone Purchasing Manager Index Manufacturing (JAN F)

Medium

47.5

47.5

09:00

EUR Italian Unemployment Rate s.a. (DEC P)

Low

11.3%

11.1%

09:30

GBP Purchasing Manager Index

Medium

51

51.4

$1268.1B


Manufacturing (JAN) 10:00

EUR Euro-Zone Unemployment Rate (DEC)

Medium

11.9%

11.8%

13:30

USD Change in Nonfarm Payrolls (JAN)

High

155K

155K

13:30

USD Change in Private Payrolls (JAN)

Medium

162K

168K

13:30

USD Change in Manufacturing Payrolls (JAN)

Low

10K

25K

13:30

USD Unemployment Rate (JAN)

High

7.8%

7.8%

13:30

USD Average Hourly Earning (MoM) All Employees (JAN)

Medium

0.2%

0.3%

13:30

USD Average Hourly Earning (YoY) All Employees (JAN)

Medium

2.1%

2.1%

13:30

USD Average Weekly Hours All Employees (JAN)

Low

34.5

34.5

13:30

USD Change in Household Employment (JAN)

Medium

28

13:30

USD Underemployment Rate (U6) (JAN)

Medium

14.4%

13:58

USD Markit US PMI Final (JAN)

Low

14:55

USD U. of Michigan Confidence (JAN F)

Medium

71.3

71.3

15:00

USD Construction Spending (MoM) (DEC)

Medium

0.5%

-0.3%

15:00

USD ISM Manufacturing (JAN)

High

50.5

50.7

15:00

USD ISM Prices Paid (JAN)

Medium

56

55.5

22:00

USD Domestic Vehicle Sales (JAN)

Low

12.00M

11.97M

22:00

USD Total Vehicle Sales (JAN)

Low

15.20M

15.30M


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daily-i-forex-report BY EPIC RESEARCH 29 JAN 2013  
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