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DAILY IFOREX REPORT 24 DECEMBER 2013 TRADING TIPS

BUY USD-JPY ABOVE 104.25 TGT 104.50,104.85 SL 103.85 SELL USD-CAD BELOW 1.0595 TGT 1.0570 ,1.0530 SL 1.0635


HEADLINES

Name

Last

EUR/USD

1.3707

USD/JPY

104.051

GBP/USD

1.6361

USD/CHF

0.8935

AUD/USD

0.8935

USD/CAD

1.0599

USD/SGD

1.2665

EUR/CHF

1.2247

EUR/JPY

142.6225

EUR/GBP

0.838

EUR/AUD

1.5339

GBP/CHF

1.4618

GBP/JPY

170.228

GBP/CAD

1.7341

GBP/AUD

1.8308

AUD/JPY

92.995

CAD/JPY

98.168

CHF/JPY

116.451

NZD/JPY

85.419

AUD/CAD

0.9471

AUD/CHF

0.7984

AUD/SGD

1.1318

Forex - Dollar remains lower vs. rivals after U.S. data

Forex - GBP/USD little changed after U.S. data

Forex - EUR/USD holds gains after tepid U.S. economic reports

The dollar remained lower against the other major currencies in subdued holiday trade on Monday, after the release of tepid U.S. economic reports and as trading volumes were light ahead of the Christmas holiday. Dollar remains lower vs. rivals after U.S. data Dollar remains lower after U.S. economic reports During U.S. morning trade, EUR/USD rose 0.24%% to 1.3705. The University of Michigan's said its index of overall consumer sentiment held at 82.5 this month, unchanged from an initial estimate. Analysts had expected the index to be revised up to 83.0. The Michigan consumer sentiment index stood at 75.1 in November. The report came after the Bureau of Economic Analysis said that U.S. personal spending rose 0.5% last month, matching expectations. Personal spending for October was revised up to a 0.4% gain from a previously reported increase of 0.3%. The report also showed personal income rose 0.2% in November, missing expectations for a 0.5% increase, after falling by 0.1% in October. The greenback had strengthened broadly last week after the Federal Reserve announced that it would reduce its USD85 billion-a-month bond buying program by USD10 billion in January. Outgoing Fed Chairman Ben Bernanke said the economy was continuing to make progress. The U.S. central bank reiterated that interest rates are likely to remain low even after the unemployment rate drops below 6.5%, the threshold at which the Fed has previously said it would start to consider rate increases. he pound was higher against the dollar, with GBP/USD up 0.18% to 1.6359. Elsewhere, the greenback was steady against the yen, with USD/JPY down 0.05% to 104.04 and lower against the Swiss franc, with USD/CHF shedding 0.35% to 0.8930. The greenback was lower against the Australian, New Zealand and Canadian dollars, with AUD/USD up 0.23% to 0.8943, NZD/USD adding 0.16% to 0.8213 and USD/CAD down 0.47% to 1.0587. In Canada, a report showed that the gross domestic product expanded by a seasonally adjusted 0.3% in October, above expectations for growth of 0.1%. Canada’s economy grew by 0.3% in


HOURLY EURUSD CHART

ANALYSIS EURUSD LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 1.3725 SUPPORT: 1.3660


HOURLY USDJPY CHART

ANALYSIS USDJPY LOOK SIDEWAYS TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 104.55 SUPPORT: 103.90


HOURLY EURGBP CHART

ANALYSIS USD/CHF LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 0.8990 SUPPORT: 0.8940


HOURLY EURGBP CHART

ANALYSIS USD/CAD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANC RESISTANCE: 1.0650 SUPPORT: 1.0575


HOURLY GBPUSD CHART

ANALYSIS GBPUSD LOOKS DOWNSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 1.6380 SUPPORT: 1.6290


ECONOMIC CALLENDER Time

Cur.

Imp.

Event

Actual

Forecast

Previous

All Day

Holiday

Norway - Christmas Eve

All Day

Holiday

Germany - Christmas Ev

All Day

Holiday

Switzerland - Christmas Eve

All Day

Holiday

Italy - Christmas Eve

All Day

Holiday

Brazil - Christmas Eve

All Day

Holiday

United Kingdom Christmas Eve - Early close at 12:30

All Day

Holiday

United States Christmas Eve - Early close at 13:00

All Day

Holiday

Hong Kong - Christmas Eve - Early close at 13:00

All Day

Holiday

Australia - Christmas Eve - Early close at 14:00

 JPY

MEDIUM

BoJ Monthly Report

01:15:00 PM

 EUR

MEDIUM

French Consumer Spending (MoM)

0.40%

-0.20%

01:15:00 PM

 EUR

MEDIUM

French GDP (QoQ)

-0.10%

-0.10%

03:00:00 PM

 GBP

MEDIUM

BBA Mortgage Approvals

44.5K

42.8K

07:00:00 PM

 USD

HIGH

Core Durable Goods Orders (MoM)

0.60%

0.40%

07:00:00 PM

 USD

MEDIUM

Durable Goods Orders (MoM)

2.00%

-1.60%

08:30:00 PM

 USD

HIGH

New Home Sales

445K

444K

08:30:00 PM

 USD

MEDIUM

New Home Sales (MoM)

-2.00%

25.40%

10:30:00 AM


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Daily i forex report by epic research singapore 24 dec 2013  
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