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DAILY IFOREX REPORT 29 JANUARY 2014 TRADING TIPS

BUY USD-CAD ABOVE 1.1180 TGT 1.1205,1.1240 SL 1.1140 SELL USD-CAD BELOW 1.1020 TGT 1.0995 ,1.0960 SL 1.1065


HEADLINES

Name

Last

EUR/USD

1.367

USD/JPY

102.727

GBP/USD

1.6599

USD/CHF

0.8975

AUD/USD

0.8797

USD/CAD

1.1162

EUR/CHF

1.2269

EUR/JPY

140.435

EUR/GBP

0.8236

EUR/AUD

1.554

GBP/CHF

1.4899

GBP/JPY

170.5165

GBP/CAD

1.8529

GBP/AUD

1.8869

AUD/JPY

90.38

CAD/JPY

92.0295

CHF/JPY

114.4635

NZD/JPY

85.039

AUD/CAD

0.982

AUD/CHF

0.7895

AUD/SGD

1.1212

Forex - USD/JPY trims gains after dire U.S. durables data

Forex - GBP/USD fluctuates after U.K. GDP report

Forex - European stocks remain higher ahead of Fed meeting; Dax up 0.4%

USD/JPY was last up just 0.12% to 102.67, down from session highs of 103.25. The pair is likely to find support at 102.00 and resistance at 103.30. Durable goods orders tumbled 4.3% last month the Commerce Department said, confounding expectations for a 1.8% gain. Orders for durable goods in November were revised to a 2.6% increase from a previously reported gain of 3.4%. Core durable goods orders, excluding volatile transportation items, fell1.6% in December, the largest drop since March, compared to forecasts for a 0.5% increase. Orders for core capital goods, a key barometer of private-sector business investment, fell 1.3% last month, confounding expectations for a 0.5% gain and after rising 2.6% in November. The unexpectedly poor data did little to alter expectations that the Federal Reserve will continue to reduce stimulus measures. Investors were anticipating Wednesday’s policy statement by the Fed amid expectations that the bank will cut its asset purchase program by another $10 billion, to $75 billion per month. The central bank announced the first cut to its stimulus program in December. GBP/USD hit 1.6626, the highest since Friday and was last up just 0.02% to 1.6585. The pair touched session lows of 1.6552 immediately following the release of the data.Cable was likely to find support at 1.6472, Monday’s low and resistance at 1.6667, Friday’s high and an almost two-and-a-half year high.


HOURLY EURUSD CHART

ANALYSIS EURUSD LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.3700 SUPPORT: 1.3620


HOURLY USDJPY CHART

ANALYSIS USDJPY LOOK DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 103.25 SUPPORT: 102.05


HOURLY EURGBP CHART

ANALYSIS USD/CHF LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 0.9010 SUPPORT: 0.8945


HOURLY EURGBP CHART

ANALYSIS USD/CAD LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.1180 SUPPORT: 1.1120


HOURLY GBPUSD CHART

ANALYSIS GBPUSD LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.6650 SUPPORT: 1.6565


ECONOMIC CALLENDER MEDIUM

Cur.

Imp.

Event

Actual

Forecast

Previous

03:00:00 AM

 USD

LOW

API Weekly Crude Stock

4.86M

03:00:00 AM

 USD

LOW

API Weekly Distillates Stocks

-2.290M

03:00:00 AM

 USD

LOW

API Weekly Gasoline Stock

1.110M

05:00:00 AM

 AUD

LOW

MI Leading Index (MoM)

-0.10%

12:30:00 PM

 EUR

MEDIUM

GfK German Consumer Climate

7.6

7.6

12:30:00 PM

 GBP

MEDIUM

Nationwide HPI (MoM)

0.60%

1.40%

01:30:00 PM

 EUR

LOW

Spanish Retail Sales (YoY)

2.10%

1.90%

02:30:00 PM

 EUR

LOW

M3 Money Supply (YoY)

1.70%

1.50%

02:30:00 PM

 EUR

LOW

Private Loans (YoY)

-2.30%

-2.30%

02:30:00 PM

 EUR

LOW

Italian Business Confidence

98.7

98.2

03:40:00 PM

 EUR

LOW

Italian 6-Month BOT Auction

0.83%

04:05:00 PM

 EUR

MEDIUM

German 10-Year Bund Auction

1.69%

05:30:00 PM

 USD

LOW

MBA 30-Year Mortgage Rate

4.57%

05:30:00 PM

 USD

LOW

MBA Mortgage Applications (WoW)

4.70%

05:45:00 PM

 GBP

MEDIUM

BoE Gov Carney Speaks

09:00:00 PM

 USD

LOW

EIA Weekly Distillates Stocks

-2.367M

-3.212M

09:00:00 PM

 USD

LOW

Gasoline Inventories

1.833M

2.123M

01/29/14


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Daily i forex report by epic research singapore 29 jan 2014  
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