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01-APR-2014

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EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

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INTERNATIONAL CURRENCY BUZZ

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Forex - Dollar off highs vs. yen after Yellen comments, euro rises Forex - Euro extends gains vs. dollar after Yellen comments Forex - GBP/USD holds steady after disappointing Chicago PMI EUR/USD EUR/USD was up 0.35% to 1.3799, after falling to lows of 1.3720 earlier in the session The pair was likely to find support at 1.3720 and resistance at 1.3825.The dollar slipped after Ms. Yellen said that “considerable slack” still remained in the labor market and reiterated that the Fed’s commitment to economic stimulus will still be needed for some time. The remarks came during the Development conference in Chicago.Separately, a report showed that manufacturing activity in the Chicago region expanded at a slower rate than forecast in March, as new orders fell.The Chicago purchasing managers’ index fell 55.9 from 59.8 in February. Analysts had expected the index to tick down to 59.0.The euro moved broadly higher earlier in the trading day, despite data showing that the rate of inflation in the euro zone fell to the lowest level since November 2009 this month. USD/JPY USD/JPY was last up 0.26% to 103.09, off session highs of 103.44.The dollar trimmed gains against the yen after Ms. Yellen said that “considerable slack” still remained in the labor market and reiterated that the Fed’s commitment to economic stimulus will still be needed for some time. The remarks came during the Development conference in Chicago.Separately, a report showed that manufacturing activity in the Chicago region expanded at a slower rate than forecast in March, as new orders fell.The Chicago purchasing managers’ index fell 55.9 from 59.8 in February. Analysts had expected the index to tick down to 59.0..

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DAILY ECONOMIC DATA

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EPIC'S ANALYST SPEAKS GBP/USD Hourly Chart

INTRADAY OUTLOOK Support: 1.6600 Resistance: 1.6680 RECOMMENDATION: 1. Buy GBP/USD Above 1.6680- TG: 1.6700/ 1.6740 SL 1.6640 2. Sell GBP/USD Below 1.6600- TG: 1.6580/ 1.6540 SL 1.6640 YOUR MINTVISORY

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EPIC'S ANALYST SPEAKS EUR/USD Hourly Chart

INTRADAY OUTLOOK Immediate Support: 1.3740 Immediate Resistance: 1.3825 RECOMMENDATION: 1. Buy EUR/USD Above 1.3825- TG: 1.3845/1.3885 SL 1.3785 2. Sell EUR/USD Below 1.3740- TG: 1.3720/1.3680 SL 1.3780 YOUR MINTVISORY

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Daily iforex signals market news by epic research singapore 1th april 2014