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DAILY IFOREX REPORT 02 JANUARY 2014 TRADING TIPS

BUY GBP-USD ABOVE 1.6550 TGT 1.6575,1.6610 SL1.06510 SELL USD-CAD BELOW 1.060 TGT 1.0575 ,1.0540 SL 1.0640


HEADLINES

Name

Last

EUR/USD

1.378

USD/JPY

104.9875

GBP/USD

1.6553

USD/CHF

0.8903

AUD/USD

0.8946

USD/CAD

1.0622

NZD/USD

0.8243

EUR/CHF

1.2266

EUR/JPY

144.64

EUR/GBP

0.8322

EUR/AUD

1.5399

GBP/CHF

1.4738

GBP/JPY

173.8

GBP/CAD

1.7583

GBP/AUD

1.8503

NZD/JPY

86.5425

AUD/CAD

0.9504

AUD/CHF

0.7965

AUD/SGD

1.1297

AUD/CHF

0.7905

AUD/SGD

1.1303

Forex - Dollar remains mixed after upbeat U.S. consumer confidence data

Forex - Dollar mixed vs. rivals on final trading day of the year

Forex - USD/CAD edges lower but remains supported

The U.S. dollar remained mixed against its major counterparts on the final trading day of the year on Tuesday, after data showed that U.S. consumer confidence rose more-than-expected in December to hit a three-month high. Trading volumes are expected to remain light as many investors already closed books before the end of the year, reducing liquidity in the market and increasing volatility, which helped exaggerate market moves. During U.S. morning trade, EUR/USD dipped 0.13% to 1.3782. The Conference Board said earlier that its index of U.S. consumer confidence improved to 78.1 in December from 72.0 in November. Analysts had expected the index to rise to 76.0 this month. The data came after market research group Kingsbury International said its Chicago purchasing managers’ index fell to a seasonally adjusted 59.1 this month from a reading of 63.0 in November. Analysts had expected the index to decline to 61.0 in December.

Also Tuesday, Standard & Poor’s with Case-Shiller said that its house price index rose at an annualized rate of 13.6% in October from a year earlier, the strongest pace since February 2006


HOURLY EURUSD CHART

ANALYSIS EURUSD LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 1.3800 SUPPORT: 1.3720


HOURLY USDJPY CHART

ANALYSIS USDJPY LOOK DOWNSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 105.20 SUPPORT: 104.60


HOURLY EURGBP CHART

ANALYSIS USD/CHF LOOKS DOWNSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 0.8930 SUPPORT: 0.8840


HOURLY EURGBP CHART

ANALYSIS USD/CAD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANC RESISTANCE: 1.0650 SUPPORT: 1.0610


HOURLY GBPUSD CHART

ANALYSIS GBPUSD LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 1.6580 SUPPORT: 1.6420


ECONOMIC CALLENDER Time

Cur.

Imp.

Event

Actual

Forecast

Previous

03:00:00 AM

 USD

LOW

API Weekly Crude Stock

0.50M

03:00:00 AM

 USD

LOW

API Weekly Distillates Stocks

-0.700M

03:00:00 AM

 USD

LOW

API Weekly Gasoline Stock

-2.500M

05:30:00 AM

 KRW

LOW

South Korean Trade Balance

3.76B

4.80B

06:30:00 AM

 CNY

HIGH

Chinese Manufacturing PMI

51.2

51.4

01:30:00 PM

 NOK

LOW

Norwegian PMI Manufacturing

53.4

54.5

08:00:00 PM

 BRL

LOW

Brazilian Foreign Exchange Flows

-7.74

01/01/13


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Daily i forex report by epic research singapore 02 jan 2014  
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