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DAILY IFOREX REPORT 10 JANUARY 2014 TRADING TIPS

SELL EUR-USD BELOW 1.3550 TGT 1.3525,1.3490 SL1.3590 BUY USD-CAD ABOVE 1.0870 TGT 1.0895 ,1.0930 SL 1.0830


HEADLINES

Name

Last

EUR/USD

1.3613

USD/JPY

104.9685

GBP/USD

1.648

USD/CHF

0.9086

AUD/USD

0.8871

USD/CAD

1.0854

NZD/USD

0.8255

USD/HKD

7.7544

USD/SGD

1.2712

EUR/CHF

1.2367

EUR/JPY

142.8985

EUR/GBP

0.8259

EUR/AUD

1.5345

GBP/CHF

1.4973

GBP/JPY

173.001

GBP/CAD

1.789

GBP/AUD

1.8578

AUD/JPY

93.135

CAD/JPY

96.7055

CHF/JPY

115.5445

AUD/CAD

0.963

AUD/CHF

0.8059

AUD/SGD

1.1278

Forex - Euro holds gains after ECB keeps rates on hold

Forex - GBP/USD remains higher after BoE holds

Forex - Euro near session highs before ECB announcement

EUR/USD hit session highs of 1.3656 and was last up 0.27% to 1.3611. The pair was likely to find support at 1.3552, Wednesday’s low and a one-month low and resistance at 1.3655, the high of January 7. The ECB left interest rates on hold at 0.25%, in a widely anticipated decision. The bank also held its marginal lending rate at 0.75% and kept its deposit facility rate unchanged at zero. Investors were awaiting remarks from ECB President Mario Draghi at the bank’s post policy meeting press conference, after data earlier in the week showed that the annual rate of inflation in the euro zone slowed to 0.8% last month, from 0.9% in November. The soft data fuelled concerns over the threat of deflation in the euro area. The euro fell to one-month lows against the dollar on Wednesday after data showed that the U.S. private sector added the largest number of jobs since November 2012 last month. The data bolstered the outlook for the recovery in the U.S. labor market, as investors turned their attention the government’s jobs report for December, due out on Friday. GBP/USD touched session highs of 1.6480, the strongest since January 2 and was last up 0.11% to 1.6462.Cable was likely to find support at 1.6375, Wednesday’s low and resistance at 1.6500. The BoE left rates on hold at 0.5% and announced no change to the size of its GBP375 billion asset purchase program, as was widely expected. Sterling’s gains were held in check as investors remained cautious ahead of the European Central Bank’s policy decision later in the session and Friday’s closely watched U.S. jobs report for December. Demand for the dollar continued to be underpinned after data on Wednesday showed that the U.S. private sector added the largest number of jobs since November 2012 last month.


HOURLY EURUSD CHART

ANALYSIS EURUSD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.3635 SUPPORT: 1.3590


HOURLY USDJPY CHART

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


HOURLY EURGBP CHART

ANALYSIS USD/CHF LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 0.9100 SUPPORT: 0.9060


HOURLY EURGBP CHART

ANALYSIS USD/CAD LOOKS DOWNSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.0880 SUPPORT: 1.0780


HOURLY GBPUSD CHART

ANALYSIS GBPUSD LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.6480 SUPPORT: 1.6450


ECONOMIC CALLENDER Time

Cur.

Imp.

Event

Actual

Forecast

Previous

Tentative

 AUD

MEDIUM

HIA New Home Sales (MoM)

-3.80%

12:15:00 PM

 CHF

MEDIUM

Unemployment Rate n.s.a.

3.40%

3.20%

12:15:00 PM

 CHF

MEDIUM

Unemployment Rate s.a.

3.20%

3.20%

01:45:00 PM

 CHF

HIGH

Swiss CPI (MoM)

-0.10%

0.00%

03:00:00 PM

 GBP

MEDIUM

Industrial Production (MoM)

0.40%

0.40%

03:00:00 PM

 GBP

MEDIUM

Manufacturing Production (MoM)

0.40%

0.40%

03:30:00 PM

 EUR

MEDIUM

GDP (QoQ)

0.10%

0.10%

03:30:00 PM

 EUR

MEDIUM

GDP (YoY)

-0.40%

-0.40%

04:30:00 PM

 BRL

MEDIUM

Brazilian CPI (YoY)

5.82%

5.77%

07:00:00 PM

 CAD

HIGH

Employment Change

15.0K

21.6K

07:00:00 PM

 CAD

MEDIUM

Unemployment Rate

7.00%

6.90%

07:00:00 PM

 USD

MEDIUM

Average Hourly Earnings (MoM)

0.20%

0.20%

07:00:00 PM

 USD

MEDIUM

Average Weekly Hours

34.5

34.5

07:00:00 PM

 USD

HIGH

Nonfarm Payrolls

196K

203K

07:00:00 PM

 USD

MEDIUM

Private Nonfarm Payrolls

195K

196K

07:00:00 PM

 USD

HIGH

Unemployment Rate

7.00%

7.00%

11:30:00 PM

 USD

MEDIUM

FOMC Member Bullard Speaks

01/10/14


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Daily i forex report by epic research singapore 10 jan 2014  

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