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DAILY IFOREX REPORT 20 JANUARY 2014 TRADING TIPS

SELL EUR-USD BELOW 1.3510 TGT 1.3485,1.3450 SL 1.3550 BUY USD-CAD ABOVE 1.0995 TGT 1.1020 ,1.1055 SL 1.0955


HEADLINES

Name

Last

EUR/USD

1.3527

USD/JPY

104.2795

GBP/USD

1.641

USD/CHF

0.9113

AUD/USD

0.8773

USD/CAD

1.0975

EUR/CHF

1.2327

EUR/JPY

141.0615

EUR/GBP

0.8244

EUR/AUD

1.542

GBP/CHF

1.4953

GBP/JPY

171.1225

GBP/CAD

1.8009

GBP/AUD

1.8705

AUD/JPY

91.4825

CAD/JPY

95.015

CHF/JPY

114.4335

NZD/JPY

86.1115

AUD/CAD

0.9628

AUD/CHF

0.7994

AUD/SGD

1.1193

Forex - Dollar gains on better-than-expected housing starts

Forex - GBP/USD gains on advancing U.K. retail sales data

Forex - EUR/USD dips as market brushes off soft U.S. sentiment data

EUR/USD was down 0.66% at 1.3530. Data released earlier showed that U.S. housing starts rose dropped 9.8% and came in at 999,000 units in December from an upwardly revised 1.107 million units in November. Markets were expecting see 990,000 in new housing starts, and the better-than-expected figure boosted spirits by suggesting fundamental improvements are taking place in the U.S. housing sector. Separately, official data showed that U.S. building permits declined 3% to 986,000 million units in December from 1.017 million units the previous month. Analysts had expected building permits to slip to 1.015 million units last month, though the dollar applauded housing starts. GBP/USD was trading at 1.6420, up 0.41%, up from a session low of 1.6310 and off a high of 1.6458.Cable was likely to find support at 1.6310, the earlier low, and resistance at 1.6508, Monday's high.The pound firmed after official data revealed that U.K. retail sales increased by 2.6% in December, far more than the expected 0.4% rise. Retail sales in November were revised down to a 0.1% rise from a previously estimated 0.3% gain. EUR/USD was trading at 1.3563, down 0.42%, up from a session low of 1.3556 and off a high of 1.3650. The pair was likely to find support at 1.3549, the low from Jan. 9, and resistance at 1.3699, Tuesday's high. The preliminary Thomson Reuters/University of Michigan consumer sentiment index fell to 80.4 in January from 82.5 in December, defying expectations for a rise to 83.5.


HOURLY EURUSD CHART

ANALYSIS EURUSD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.3630 SUPPORT: 1.3510


HOURLY USDJPY CHART

ANALYSIS USDJPY LOOK UPSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 104.50 SUPPORT: 104.05


HOURLY EURGBP CHART

ANALYSIS USD/CHF LOOKS DOWNSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 0.9130 SUPPORT: 0.9070


HOURLY EURGBP CHART

ANALYSIS USD/CAD LOOKS DOWNSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.0995 SUPPORT: 1.0950


HOURLY GBPUSD CHART

ANALYSIS GBPUSD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.6440 SUPPORT: 1.6390


ECONOMIC CALLENDER MEDIUM

Cur.

Imp.

Event

Actual

Forecast

Previous

All Day

Holiday

United States - Martin Luther King, Jr. Day

02:30:00 AM

 KRW

South Korean PPI (YoY)

-0.90%

07:30:00 AM

 CNY

Chinese Fixed Asset Investment (YoY)

19.80%

19.90%

07:30:00 AM

 CNY

Chinese GDP (QoQ)

2.00%

2.20%

07:30:00 AM

 CNY

Chinese GDP (YoY)

7.60%

7.80%

07:30:00 AM

 CNY

Chinese Industrial Production (YoY)

9.80%

10.00%

07:30:00 AM

 CNY

Chinese Retail Sales (YoY)

13.60%

13.70%

10:00:00 AM

 JPY

Capacity Utilization (MoM)

1.20%

10:00:00 AM

 JPY

Industrial Production (MoM)

0.10%

12:30:00 PM

 EUR

German PPI (YoY)

-0.50%

-0.80%

12:30:00 PM

 EUR

German PPI (MoM)

-0.10%

02:00:00 PM

 HKD

Hong Kong Unemployment Rate

3.30%

02:30:00 PM

 EUR

Italian Industrial New Orders (MoM)

-2.50%

02:30:00 PM

 EUR

Italian Industrial New Orders (YoY)

1.20%

02:30:00 PM

 EUR

Italian Industrial Sales (MoM)

-0.70%

01/20/14


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Daily i forex report by epic research singapore 20 jan 2014  
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