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DAILY IFOREX REPORT 13 JANUARY 2014 TRADING TIPS

SELL GBP-USD BELOW 1.6390 TGT 1.6365,1.6330 SL1.6430 BUY USD-CAD ABOVE 1.0870 TGT 1.0895 ,1.0930 SL 1.0830


HEADLINES

Name

Last

EUR/USD

1.3597

USD/JPY

105.02

GBP/USD

1.6417

USD/CHF

0.9077

AUD/USD

0.8894

USD/CAD

1.0863

USD/SGD

1.2706

EUR/SEK

8.8709

EUR/CHF

1.2344

EUR/JPY

142.8

EUR/GBP

0.8282

EUR/AUD

1.5292

GBP/CHF

1.4901

GBP/JPY

172.399

GBP/CAD

1.7832

GBP/AUD

1.8461

AUD/JPY

93.3795

AUD/CAD

0.9659

AUD/CHF

0.8071

AUD/SGD

1.1299

Forex - Dollar broadly higher vs. rivals ahead of U.S. jobs data

Forex - GBP/USD declines after U.K. manufacturing data disappoints

Forex - EUR/USD steady ahead of U.S. nonfarm payrolls

EUR/USD hit 1.3602 during late Asian trade, the session high; the pair subsequently consolidated at 1.3613, easing up 0.04%. The pair was likely to find support at 1.3549, Thursday's low and resistance at 1.3672, the high of January 3. Demand for the single currency weakened after ECB President Draghi reinforced the bank’s forward guidance on rates and said the bank was still ready to ready to take "further decisive action" if needed. GBP/USD hit 1.6404 during European morning trade, the session's low from January 8; the pair subsequently consolidated at 1.6415, retreating 0.40%. Cable was likely to find support at 1.6338, the low of January 6 and resistance at 1.6498, Thursday's high. Official data earlier showed that U.K. manufacturing production was flat in November, disappointing expectations for a 0.4% rise, after a downwardly revised 0.2% uptick the previous month. USD/JPY up 0.14% to 105.00. The dollar remained supported after the U.S. Labor Department said the number of people who filed for unemployment assistance last week fell by 15,000 to 330,000 from the previous week’s revised total of 345,000. Economists had expected jobless claims to decline by 10,000.


HOURLY EURUSD CHART

ANALYSIS EURUSD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.3635 SUPPORT: 1.3585


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 DOWNSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 0.9100 SUPPORT: 0.9050


HOURLY EURGBP CHART

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


HOURLY GBPUSD CHART

ANALYSIS GBPUSD LOOKS DOWNSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.6480 SUPPORT: 1.6390


ECONOMIC CALLENDER Time

Cur.

Imp.

Event

Actual

Forecast

Previous

All Day

Holiday

Japan - Coming of Age (Adults') Day

06:00:00 AM

 AUD

MEDIUM

Home Loans (MoM)

1.00%

1.00%

01:15:00 PM

 EUR

LOW

French Government Budget Balance

-86.1B

01:30:00 PM

 CNY

LOW

Chinese M2 Money Stock (YoY)

13.90%

14.20%

01:30:00 PM

 CNY

LOW

Chinese New Loans

589B

625B

02:30:00 PM

 EUR

MEDIUM

Italian Industrial Production (YoY)

0.10%

-0.50%

02:30:00 PM

 EUR

LOW

Italian Industrial Production (MoM)

0.30%

0.50%

03:30:00 PM

 EUR

LOW

Greek CPI (YoY)

-2.20%

-2.90%

04:30:00 PM

 ILS

LOW

Israeli Exports (USD)

4845.2

04:30:00 PM

 ILS

LOW

Israeli Imports (USD)

5674.2

04:30:00 PM

 ILS

LOW

Israeli Trade Balance

-829.0M

04:30:00 PM

 EUR

LOW

Portuguese CPI (MoM)

-0.20%

04:30:00 PM

 EUR

LOW

Portuguese CPI (YoY)

-0.20%

05:30:00 PM

 INR

LOW

Indian CPI (YoY)

9.90%

11.20%

01/13/14


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Daily i forex report by epic research singapore 13 jan 2014  
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