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30-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 higher vs. euro, sterling close to multi-year highs Forex - USD/JPY gains on upbeat U.S. housing data, BoJ expectations Forex - EUR/USD trims gains as dollar firms on U.S. housing data

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USD/JPY USD/JPY was up 0.29% and trading at 102.49, up from a session low of 102.05 and off a high of 102.62.The pair was expected to test support at 101.96, Friday's low, and resistance at 102.73, Tuesday's high.The dollar firmed after the National Association of Realtors reported that pending home sales jumped 3.4% in March, far surpassing expectations for a 1% gain.Pending home sales for February were revised to a 0.5% drop from a previously reported decline of 0.8%.On a year-over-year basis, pending home sales were still down 7.9% in March, though the data firmed the dollar by reminding investors that the Federal Reserve will continue tapering monthly bond purchases as the year unfolds.Fed bond purchases, currently set at $55 billion a month, weaken the dollar by suppressing long-term borrowing costs, and talk of their dismantling can strengthen the greenback.The Bank of Japan will hold a policy meeting on Wednesday, and the monetary authority is widely seen keeping its stimulus programs in place, which softened the yen. EUR/USD EUR/USD touched lows of 1.3812 and was last down 0.22% to 1.3818.The euro weakened across the board after Germany’s Federal Statistics Bureau reported that consumer prices fell 0.2% this month, and increased 1.3% on a year-over-year basis. Market expectations had been for a monthly decline of 0.1% and an annual increase of 1.4%.The data came as investors were looking ahead to preliminary data on euro zone inflation, due for release on Wednesday.The euro rose to almost two-week highs against the dollar earlier amid expectations that Wednesday’s report would show an uptick in consumer prices, after the annual rate of inflation in the region slowed to a record low 0.5% in March. The ECB targets an inflation rate of close to but just under 2%.

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DAILY ECONOMIC DATA

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EPIC'S ANALYST SPEAKS GBP/USD Hourly Chart

INTRADAY OUTLOOK Support: 1.6810 Resistance: 1.6860 RECOMMENDATION: 1. Buy GBP/USD Above 1.6860- TG: 1.6880/ 1.6910 SL 1.6830 2. Sell GBP/USD Below 1.6810- TG: 1.6790/ 1.6760 SL 1.6840 YOUR MINTVISORY

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EPIC'S ANALYST SPEAKS EUR/USD Hourly Chart

INTRADAY OUTLOOK Immediate Support: 1.3800 Immediate Resistance: 1.3870 RECOMMENDATION: 1. Buy EUR/USD Above 1.3870- TG: 1.3890/1.3920 SL 1.3840 2. Sell EUR/USD Below 1.3800- TG: 1.3780/1.3750 SL 1.3835 YOUR MINTVISORY

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Daily iforex signals report by epicresearch 30th april 2014