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DAILY I FOREX REPORT 20TH FEBRUARY 2013

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HEADLINES

 Yen Rises On Government Comments About BoJ Policy And Forex  Euro May Fall As German ZEW Disappoints, Yen Gains On BOJ

TRADING TIPS  SELL EURUSD BELOW

 Forex: G20 Gives Tacit Approval For USD/JPY Rise But Will It Climb?

1.3329 tgs 1.3309/1.3289 sl 1.3360

Euro Rises Temporarily on Improved German Investor Confidence

 SELL USDJPY BELOW 93.36 tgt 93.22/93.08 SL 93.56

 BUY GBPUSD ABOVE 1.5504 tgt 1.5524/1.5544 SL 1.5484

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German expectations for economic growth is at a near 3-year high in February according to the ZEW survey, showing positive sentiments for the third straight month. The ZEW survey was for economic sentiment was reported at 48.2, better than the expected 35.0 survey result, and up from 31.5 in January. However, the ZEW survey for the current situation declined to 5.2, worse than the expected 9.0 and lower than last month’s 7.1 survey result.

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HOURLY HOURLY EURUSD CHART EURUSD CHART 

ANALYSIS OPEN: 1.3349 HIGH: 1.3373 LOW: 1.3329 CLOSE: 1.3340

 EURUSD LOOKS DOWNWARD  TREND : BEARISH  STRATEGY: SELL ON RISE  MACD =>. 0000(BEARISH SIGNAL)  RSI => 48(BEARISH SIGNAL)


HOURLY USDJPY CHART

 HOURLY USDJPY CHART

ANALYSIS OPEN: 93.61 HIGH: 93.92 LOW: 93.36 CLOSE: 93.51

 USDJPY LOOKS DOWNWARD  TREND: BEARISH  STRATEGY: SELL ON RISE  MACD => 0.04( BEARISH SIGNAL)  RSI =>39(BEARISH SIGNAL)


HOURLYGBPUSD GBPUSD CHART  HOURLY CHART

ANALYSIS OPEN: 1.5477 HIGH: 1.5504 LOW: 1.5461 CLOSE: 1.5489

 GBPUSD LOOKS UPWARD  TREND: BULLISH  STRATEGY: BUY ON DEEPS  MACD => .-0002( BULLISH SIGNAL)  RSI =>

55(BULLISH SIGNAL)


HOURLY EURGBP CHART

HOURLY EURGBP CHART

ANALYSIS OPEN: 0.8624 HIGH: 0.8632 LOW: 0.8600 CLOSE: 0.8611

 EURGBP LOOKS DOWNWARDS  TREND: BEARISH  STRATEGY: SELL ON RISE  MACD =>.0003(BEARISH SIGNAL)  RSI =>43(BEARISH SIGNAL)

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HOURLY USDINDEX CHART

ANALYSIS OPEN: 80.6440 HIGH: 80.6790 LOW: 80.5130 CLOSE: 80.6370

 USDINDEX LOOKS UPWARD  TREND: BULLISH  STRATEGY: BUY ON DEEPS  MACD =>0.071(BULLISH SIGNAL)  RSI =>53(BULLISH SIGNAL)

ECONOMIC CALENDER


Date

Time

Sun Feb 17

21:30

Importance

Actual

NZD Performance Services Index (JAN)

Low

52.6

CNY Actual FDI (YoY) (JAN)

Medium

00:01

GBP Rightmove House Prices (YoY) (FEB)

Medium

1.1%

2.4%

00:01

GBP Rightmove House Prices (MoM) (FEB)

Low

2.8%

0.2%

00:30

AUD New Motor Vehicle Sales (YoY) (JAN)

Low

10.8%

17.9%

00:30

AUD New Motor Vehicle Sales (MoM) (JAN)

Low

-2.4%

2.2%

06:00

JPY Machine Tool Orders (YoY) (JAN F)

Medium

-26.4%

-26.1%

09:00

EUR Bank of Spain Publishes Bad Loans Data (Dec)

Medium

10.44%

11.38%

09:00

EUR Euro-Zone Current Account s.a. (euros) (DEC)

Low

13.9B

15.9B

09:00

EUR Euro-Zone Current Account n.s.a. (euros) (DEC)

Low

27.0B

20.8B

13:00

EUR EU President Van Rompuy Speaks to Parliament on Proposed Budget

High

14:30

EUR ECB's Draghi Speaks at EU Parliament

High

23:50

JPY BOJ Minutes for Meeting on Jan. 21-22

High

00:30

AUD RBA Policy Meeting - February Minutes

High

05:00

JPY Leading Index (DEC F)

Medium

93.4

05:00

JPY Coincident Index (DEC F)

Low

92.7

05:30

JPY Tokyo Department Store Sales (YoY) (JAN)

Low

-1.1%

05:30

JPY Nationwide Department Store Sales (YoY) (JAN)

Low

-1.3%

07:00

EUR EU 25 New Car Registrations (JAN)

Low

-16.3%

10:00

EUR German ZEW Survey (Economic Sentiment) (FEB)

High

35

31.5

10:00

EUR German ZEW Survey (Current Situation) (FEB)

Medium

9

7.1

Mon Feb 18

Tue Feb 19

Currency

Event

Forecast

Previous

51.5

-4.2%

-4.5%

Notes


10:00

EUR Euro-Zone ZEW Survey (Economic Sentiment) (FEB)

10:00

Medium

31.2

EUR Euro-Zone Construction Output w.d.a. (YoY) (DEC)

Low

-4.7%

10:00

EUR Euro-Zone Construction Output s.a. (MoM) (DEC)

Low

-0.4%

13:30

CAD Wholesale Sales (MoM) (DEC)

Low

-0.4%

0.7%

13:30

CAD International Securities Transactions (Canadian dollar) (DEC)

Low

6.75B

5.62B

15:00

USD NAHB Housing Market Index (FEB)

Low

48

47

21:45

NZD Producer PricesOutputs (QoQ) (4Q)

Low

-0.9%

21:45

NZD Producer PricesInputs (QoQ) (4Q)

Low

-1.0%

23:00

AUD Conference Board Leading Index (DEC)

Medium

-0.2%

23:30

AUD Westpac Leading Index (MoM) (DEC)

Low

0.6%

23:50

JPY Merchandise Trade Balance Total (Yen) (JAN)

Medium

-짜1384.0B

-짜641.5B

23:50

JPY Merchandise Trade Imports (YoY) (JAN)

Low

2.1

1.9

23:50

JPY Merchandise Trade Exports (YoY) (JAN)

Low

5.6

-5.8

23:50

JPY Adjusted Merchandise Trade Balance (Yen) (JAN)

Low

-짜586.7B

-짜800.7B

USD Mortgage Delinquencies (4Q)

Low

7.4%

USD MBA Mortgage Foreclosures (4Q)

Low

4.1%

00:30

AUD Wage Cost Index (QoQ) (4Q)

Low

0.8%

0.7%

00:30

AUD Wage Cost Index (YoY) (4Q)

Low

3.4%

3.7%

01:30

JPY Bank Of Japan Board Member Morimoto Speaks in Kochi

Low

04:30

JPY All Industry Activity Index (MoM) (DEC)

Medium

1.6%

-0.3%

07:00

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

High

1.7%

1.7%

Wed Feb 20


07:00

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

High

1.9%

1.9%

07:00

EUR German Producer Prices (YoY) (JAN)

Medium

1.2%

1.5%

07:00

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

Medium

-0.5%

-0.5%

07:00

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

Medium

-0.7%

-0.7%

07:00

JPY Convenience Store Sales (YoY) (JAN)

Low

07:00

EUR German Producer Prices (MoM) (JAN)

Low

0.3%

-0.3%

09:30

GBP Jobless Claims Change (JAN)

High

-5.5K

-12.1K

09:30

GBP Bank of England Releases Monetary Policy Committee Minutes

High

09:30

GBP ILO Unemployment Rate (3M) (DEC)

Medium

7.7%

7.7%

09:30

GBP Employment Change (3M/3M) (DEC)

Medium

117K

90K

09:30

GBP Claimant Count Rate (JAN)

Medium

4.8%

4.8%

09:30

GBP Average Weekly Earnings (3M/YoY) (DEC)

Medium

1.4%

1.5%

09:30

GBP Weekly Earnings exBonus (3M/YoY) (DEC)

Low

1.3%

1.4%

10:00

CHF ZEW Survey (Expectations) (FEB)

Medium

-6.9

12:00

USD MBA Mortgage Applications (FEB 15)

Low

-6.4%

13:30

USD Producer Price Index (YoY) (JAN)

Medium

1.5%

1.3%

13:30

USD Producer Price Index (MoM) (JAN)

Medium

0.4%

-0.3%

13:30

USD Producer Price Index Ex Food & Energy (YoY) (JAN)

Medium

1.7%

2.0%

13:30

USD Housing Starts (MoM) (JAN)

Medium

-3.6%

12.1%

13:30

USD Producer Price Index Ex Food & Energy (MoM) (JAN)

Low

0.2%

0.1%

13:30

USD Housing Starts (JAN)

Low

920K

954K

-2.0%


Thu Feb 21

13:30

USD Building Permits (MoM) (JAN)

Low

1.2%

1.0%

13:30

USD Building Permits (JAN)

Low

920K

909K

14:00

CAD Teranet/National Bank HP Index (JAN)

Low

153.45

14:00

CAD Teranet/National Bank HPI (YoY) (JAN)

Low

3.1%

14:00

CAD Teranet/National Bank HPI (MoM) (JAN)

Low

-0.2%

-0.4%

15:00

EUR Euro-Zone Consumer Confidence (FEB A)

Medium

-23.2

-23.9

19:00

USD Fed Releases Minutes from Jan 29-30 FOMC Meeting

High

21:00

NZD ANZ NZ Job Ads (MoM) (JAN)

Low

0.4%

23:50

JPY Japan Buying Foreign Stocks (Yen) (FEB 15)

Low

-짜228.6B

23:50

JPY Japan Buying Foreign Bonds (Yen) (FEB 15)

Low

-짜645.0B

23:50

JPY Foreign Buying Japan Stocks (Yen) (FEB 15)

Low

짜212.9B

23:50

JPY Foreign Buying Japan Bonds (Yen) (FEB 15)

Low

-짜261.6B

00:30

AUD RBA Foreign Exchange Transaction (Australian dollar) (JAN)

Low

752M

01:35

CNY MNI February Flash Business Sentiment Indicator

Low

02:00

CNY Conference Board China January Leading Economic Index

Low

05:00

JPY Supermarket Sales (YoY) (JAN)

Low

07:00

CHF Trade Balance (Swiss franc) (JAN)

Medium

07:00

CHF Imports (MoM) (JAN)

Low

07:00

CHF Exports (MoM) (JAN)

Low

0.3%

-1.5%

08:00

EUR French Purchasing Manager Index Services (FEB P)

Low

44.4

43.6

08:00

EUR French Purchasing Manager Index Manufacturing (FEB P)

Low

43.8

42.9

-1.5%

1.70B

1.00B

5.5%


08:00

CHF Real Estate Index Family Homes (4Q)

Low

413.1

08:00

CHF Money Supply M3 (YoY) (JAN)

Low

9.8%

08:30

EUR German Purchasing Manager Index Services (FEB A)

Medium

55.5

55.7

08:30

EUR German Purchasing Manager Index Manufacturing (FEB A)

Medium

50.5

49.8

09:00

EUR Euro-Zone Purchasing Manager Index Services (FEB A)

Medium

49

48.6

09:00

EUR Euro-Zone Purchasing Manager Index Manufacturing (FEB A)

Medium

48.5

47.9

09:00

EUR Euro-Zone Purchasing Manager Index Composite (FEB A)

Medium

49

48.6

09:30

GBP Public Sector Net Borrowing (Pounds) (JAN)

Medium

-9.5B

13.2B

09:30

GBP Public Finances (PSNCR) (Pounds) (JAN)

Medium

-35.0B

1.3B

09:30

GBP PSNB ex Interventions (JAN)

Medium

-8.7B

15.4B

11:00

GBP CBI Trends Selling Prices (FEB)

Low

15

21

11:00

GBP CBI Trends Total Orders (FEB)

Low

-15

-20

13:30

USD Consumer Price Index (YoY) (JAN)

High

1.6%

1.7%

13:30

USD Consumer Price Index Ex Food & Energy (YoY) (JAN)

High

1.8%

1.9%

13:30

USD Initial Jobless Claims (FEB 16)

Medium

355K

341K

13:30

USD Consumer Price Index (MoM) (JAN)

Medium

0.1%

0.0%

13:30

USD Consumer Price Index Ex Food & Energy (MoM) (JAN)

Medium

0.2%

0.1%

13:30

USD Continuing Claims (FEB 9)

Low

3150K

3114K

13:30

USD Consumer Price Index n.s.a. (JAN)

Low

230.304

229.601

13:30

USD Consumer Price Index Core Index s.a. (JAN)

Low

231.938

231.475

13:58

USD Markit US PMI Preliminary (FEB)

Medium

55.5


Fri Feb 22

15:00

USD Philadelphia Fed. (FEB)

Medium

1

-5.8

15:00

USD Leading Indicators (JAN)

Medium

0.2%

0.5%

15:00

USD Existing Home Sales (MoM) (JAN)

Medium

-0.8%

-1.0%

15:00

USD Existing Home Sales (JAN)

Low

4.90M

4.94M

15:00

USD API Monthly Statistical Report

Low

15:30

USD EIA Natural Gas Storage Change (FEB 15)

Low

-157

16:00

USD DOE U.S. Distillate Inventory (FEB 15)

Low

-3677K

16:00

USD DOE U.S. Crude Oil Inventories (FEB 15)

Low

560K

16:00

USD DOE Cushing OK Crude Inventory (FEB 15)

Low

-1118K

16:00

USD DOE U.S. Gasoline Inventories (FEB 15)

Low

-803K

17:30

USD Fed's Bullard Speaks About Monetary Policy in New York

Low

18:00

USD Fed's Williams Speaks on Monetary Policy in New York

Low

01:30

CNY China January Property Prices

Medium

02:00

NZD Credit Card Spending s.a. (MoM) (JAN)

Medium

1.0%

02:00

NZD Credit Card Spending (YoY) (JAN)

Medium

4.6%

02:15

USD Fed's Fisher Speaks on Economy in Dallas ()

Low

07:00

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

High

0.4%

0.4%

07:00

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

High

-0.6%

-0.6%

07:00

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

High

0.1%

0.1%

07:00

EUR German Private Consumption (4Q)

Low

0.1%

0.3%

07:00

EUR German Imports (4Q)

Low

-1.0%

1.0%


07:00

EUR German Government Spending (4Q)

Low

0.2%

0.4%

07:00

EUR German Exports (4Q)

Low

-2.0%

1.4%

07:00

EUR German Domestic Demand (4Q)

Low

-0.1%

0.0%

07:00

EUR German Construction Investment (4Q)

Low

-0.8%

1.5%

07:00

EUR German Capital Investment (4Q)

Low

-1.3%

0.2%

09:00

EUR German IFO Current Assessment (FEB)

Medium

108.5

108

09:00

EUR German IFO Business Climate (FEB)

Medium

104.9

104.2

09:00

EUR German IFO Expectations (FEB)

Medium

101.4

100.5

10:00

EUR EU Issues Winter Economic Forecasts in Brussels

Medium

13:30

CAD Consumer Price Index (YoY) (JAN)

High

0.7%

0.8%

13:30

CAD Bank Canada Consumer Price Index Core (YoY) (JAN)

High

1.1%

1.1%

13:30

CAD Retail Sales (MoM) (DEC)

Medium

-0.4%

0.2%

13:30

CAD Consumer Price Index (MoM) (JAN)

Medium

0.2%

-0.6%

13:30

CAD Bank Canada Consumer Price Index Core (MoM) (JAN)

Medium

0.2%

-0.6%

13:30

CAD Retail Sales Less Autos (MoM) (DEC)

Low

0.1%

-0.3%

13:30

CAD Core CPI s.a. (MoM) (JAN)

Low

0.1%

13:30

CAD Consumer Price Index s.a. (MoM) (JAN)

Low

-0.1%

13:30

CAD Consumer Price Index (JAN)

Low

121.2

15:15

USD Fed's Powell, Rosengren Speak in New York

Low

23:30

USD Fed's Tarullo Speaks on Regulation in New York

Low


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daily-i-forex-report BY EPIC RESEARCH 20 FEB 2013