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DAILY IFOREX REPORT 26 DECEMBER 2013 TRADING TIPS

BUY USD-JPY ABOVE 104.35 TGT 104.60,104.95 SL 103.95 SELL USD-CAD BELOW 1.0595 TGT 1.0570 ,1.0530 SL 1.0635


HEADLINES

Forex - Dollar adds to gains after bullish durable goods report

Forex - USD/JPY trades near 5-year high after upbeat durable goods data

1.6364

Forex - GBP/USD hits session high ahead of durable goods data

USD/CHF

0.8968

AUD/USD

0.8915

.Tuesday, after stronger-than-expected U.S. durable goods data added to the

USD/CAD

1.0614

NZD/USD

0.8181

EUR/JPY

142.572

EUR/GBP

0.835

EUR/AUD

1.5328

GBP/CHF

1.4674

GBP/JPY

170.7385

GBP/CAD

1.7371

GBP/AUD

1.8355

AUD/JPY

93.035

CAD/JPY

98.29

CHF/JPY

116.3445

NZD/JPY

85.3555

AUD/CAD

0.9464

AUD/CHF

0.7996

AUD/SGD

1.131

Name

Last

EUR/USD

1.3664

USD/JPY

104.3305

GBP/USD

The U.S. dollar added to gains against the euro in holiday-thinned trade on

view that economic recovery is gaining momentum. Dollar adds to gains after bullish durable goods report Dollar rises further after very strong durable goods report During U.S. morning trade, EUR/USD fell 0.22% to 1.3667. The Commerce Department said earlier that total durable goods orders increased by 3.5% in November, easily surpassing expectations for a 2% gain. Core durable goods orders, excluding volatile transportation items, climbed by a seasonally adjusted 1.2% in November, above forecasts for a 0.6% increase. USD/JPY was down 0.19% to 104.31 during U.S. morning trade after rising as high as 104.42 earlier. The pair rose to a five-year high of 104.62 on December 20. The pair was likely to find support at 103.76, the low from December 23 and resistance at 104.62, the high from December 20. GBP/USD hit 1.6382 during European afternoon trade, the pair’s highest since December 20; the pair subsequently consolidated at 1.6369, adding 0.07%. Cable was likely to find support at 1.6314, the low of December 20 and resistance at 1.6394, the high of December 19. Trading volumes are expected to remain light due to the Christmas holiday and as many traders already closed books to lock in profit before the end of the


HOURLY EURUSD CHART

ANALYSIS EURUSD LOOKS DOWNSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 1.3725 SUPPORT: 1.3660


HOURLY USDJPY CHART

ANALYSIS USDJPY LOOK SIDEWAYS TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 104.55 SUPPORT: 103.90


HOURLY EURGBP CHART

ANALYSIS USD/CHF LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 0.8970 SUPPORT: 0.8940


HOURLY EURGBP CHART

ANALYSIS USD/CAD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANC RESISTANCE: 1.0630 SUPPORT: 1.0575


HOURLY GBPUSD CHART

ANALYSIS GBPUSD LOOKS DOWNSIDE TREND: BULLISH STRATEGY: BUY AROUND SUPPORT SELL AROUND RESISTANCE RESISTANCE: 1.6380 SUPPORT: 1.6290


ECONOMIC CALLENDER Time

Cur.

Imp.

Event

Actual

Forecast

Previous

All Day

Holiday

Australia - Boxing Day

All Day

Holiday

Norway - Boxing Day

All Day

Holiday

Canada - Boxing Day

All Day

Holiday

South Africa - Day of Goodwill

All Day

Holiday

Hong Kong - Christmas

All Day

Holiday

United Kingdom - Boxing Day

All Day

Holiday

Germany - Christmas

All Day

Holiday

Switzerland - St. Stephen's Day

All Day

Holiday

Italy - Market Holiday

All Day

Holiday

France - Boxing Day

All Day

Holiday

Spain - Market Holiday

All Day

Holiday

Indonesia - National Leave

All Day

Holiday

New Zealand - Boxing Day

 JPY

MEDIUM

Monetary Policy Meeting Minutes

07:00:00 PM

 USD

MEDIUM

Initial Jobless Claims

345K

379K

07:30:00 PM

 MXN

MEDIUM

Mexican Trade Balance

-0.611B

-0.129B

12/26/13

05:20:00 AM


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Daily i forex report by epic research singapore 26 dec 2013  
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