Page 1

29-MAY-2014

YOUR MINTVISORY

EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

Call us at +91-731-6642300


INTERNATIONAL CURRENCY BUZZ

➔ ➔ ➔

Forex - USD/CAD steady near 2-week lows Forex - Euro drops to fresh 3-month lows against dollar Forex - Pound extends losses against dollar EUR/USD EUR/USD hit lows of 1.3605, the weakest since February 13 and was last down 0.21% to 1.3607.The pair was likely to find support at 1.3575 and resistance at 1.3636, the session high.The euro has weakened broadly against the other major currencies, falling more than 2% against the dollar since the ECB indicated at its May 8 meeting that it is comfortable with easing monetary policy in June to help shore up the fragile recovery in the region.On Tuesday, ECB President Mario Draghi said the bank was aware of the risks of persistently low inflation and was prepared to take steps to get euro zone inflation back to its target, the latest indication that the bank could ease monetary policy as soon as next week.The annual rate of euro zone inflation was 0.7% in April, well below the ECB's target of close to but just below 2%. USD/CAD USD/CAD was almost unchanged at 1.0857, not far from Tuesday’s two-week lows of 1.0835.The pair was likely to find support at 1.0815, the low of May 9 and resistance at 1.0900.Market sentiment continued to be underpinned after data on Tuesday showed that U.S. durable goods orders rose unexpectedly in April and another report showed that U.S. consumer confidence improved in line with forecasts this month.The Commerce Department said orders for long lasting manufactured goods rose 0.8%, compared to expectations of a 0.7% decline.Separately, the Conference Board reported that its consumer conference index rose to 83 in May, up from a revised 81.7 in April, in line with economists’ expectations.Risk appetite was also boosted by mounting expectations that the European Central Bank will implement new easing measures at its upcoming policy meeting next week, in order to shore up the fragile recovery in the euro zone.

YOUR MINTVISORY

Call us at +91-731-6642300


DAILY ECONOMIC DATA

YOUR MINTVISORY

Call us at +91-731-6642300


EPIC'S ANALYST SPEAKS GBP/USD Hourly Chart

INTRADAY OUTLOOK Support: 1.6690 Resistance: 1.6770 RECOMMENDATION: 1. Buy GBP/USD Above 1.6770- TG: 1.6790/ 1.6820 SL 1.6740 2. Sell GBP/USD Below 1.6690- TG: 1.6670/ 1.6640 SL 1.6720 YOUR MINTVISORY

Call us at +91-731-6642300


EPIC'S ANALYST SPEAKS EUR/USD Hourly Chart

INTRADAY OUTLOOK Immediate Support: 1.3575 Immediate Resistance: 1.3660 RECOMMENDATION: 1. Buy EUR/USD Above 1.3660- TG: 1.3680/1.3710 SL 1.3630 2. Sell EUR/USD Below 1.3575- TG: 1.3555/1.3525 SL 1.3605 YOUR MINTVISORY

Call us at +91-731-6642300


DISCLAIMER

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

YOUR MINTVISORY

Call us at +91-731-6642300

Daily iforex signals report by epicresearch 29th may 2014