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04-APR-2014

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EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

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INTERNATIONAL CURRENCY BUZZ

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Forex - USD/CAD edges lower after U.S., Canadian data Forex - Euro hits session lows after Draghi remarks Forex - Forex - EUR/USD edges higher after ECB holds USD/CAD USD/CAD touched session lows of 1.109 and was last down 0.10% to 1.1023.The pair was likely to find support at 1.0999 and resistance at 1.1046, Wednesday’s high.Statistics Canada reported that the trade surplus came in at C$290 million in February, compared to a deficit of C$340 million in January. Analysts had expected Canada to post a trade surplus of C$200 million.Exports grew 3.6% to C$42.35 billion and imports increased 2.1% to C$42.06 billion in February, Statistics Canada said.In the U.S., data showed that trade deficit unexpectedly widened to $42.3 billion in February from a deficit of $39.28 billion the previous month, as exports dropped 1.1% and imports rose 0.4%.. EUR/USD EUR/USD initially touched highs of 1.3805, before retracing those gains in choppy trade. The pair was last down 0.25% to 1.3740.The pair was likely to find support at 1.3704, the low of March 28 and a one-month trough and resistance at 1.3805.Draghi confirmed that the ECB voted to leave its benchmark interest rate unchanged at a record-low 0.25%. The central bank also held its marginal lending rate at 0.75% and left its deposit facility rate unchanged at zero.The decision to leave rates on hold came despite data earlier in the week showing that the annual rate of euro zone inflation slowed to 0.5% in March, the lowest since November 2009. The ECB targets an inflation rate of 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: 1.6565 Resistance: 1.6610 RECOMMENDATION: 1. Buy GBP/USD Above 1.6610- TG: 1.6630/ 1.6670 SL 1.6570 2. Sell GBP/USD Below 1.6565- TG: 1.6545/ 1.6505 SL 1.6605 YOUR MINTVISORY

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EPIC'S ANALYST SPEAKS EUR/USD Hourly Chart

INTRADAY OUTLOOK Immediate Support: 1.3700 Immediate Resistance: 1.3770 RECOMMENDATION: 1. Buy EUR/USD Above 1.3770- TG: 1.3790/1.3830 SL 1.3730 2. Sell EUR/USD Below 1.3700- TG: 1.3680/1.3640 SL 1.3740 YOUR MINTVISORY

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Daily iforex signals report by epicresearch 4th april 2014