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03-MAR TO 07-MAR-2014

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EPIC RESEARCH REPORT WEEKLY INTERNATIONAL FOREX

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INTERNATIONAL CURRENCY BUZZ

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Forex - Yuan Drops Most on Record Amid Band Widening Speculation Forex - Dollar off lows vs. yen after U.S. durables data Forex - Consumers Lead Canada Growth to Faster-Than-Expected 2.9%

EUR/GBP ➔ The EUR/GBP climbed to 0.8261 after the euro rallied today on positive retail sales in Germany and jump in inflation for the eurozone taking the ECB off the hook for their March meeting. Draghi on Feb. 6 put investors on a month’s notice for further economic stimulus, The ECB announces its next rate decisions on March 6. Still, inflation has been less than half the ECB’s ceiling for five months, and exceeding the median forecast by 1/10 of a point is nothing to get excited about by any stretch of the imagination. USD/CAD ➔ The USD/CAD gave up a few pips as traders seemed uncertain as to what to expect from US data due later in the day. The CAD is trading at 1.1119 ahead of Canadian and US GDP due later today. Acting as a backdrop, overnight the benchmark S&P 500 ended the session at a record high, followed comments from Federal Reserve Chairwoman, Janet Yellen, at the Senate Banking Committee

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DAILY ECONOMIC DATA

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EPIC'S ANALYST SPEAKS USD/CAD Hourly Chart

INTRADAY OUTLOOK Support: 1.1220 Resistance: 1.0905 RECOMMENDATION: 1. Buy USD/CAD Above 1.1230- TG: 1.1260/ 1.1310 SL 1.1185 2. Sell USD/CAD Below 1.0900- TG: 1.0870/ 1.0820 SL 1.0950 YOUR MINTVISORY

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EPIC'S ANALYST SPEAKS GBP/JPY Hourly Chart

INTRADAY OUTLOOK Immediate Support: 171.20 Immediate Resistance: 169.80 RECOMMENDATION: 1. Buy GBP/JPY Above 170.90- TG: 171.20/171.70 SL 170.40 2. Sell GBP/JPY Below 169.80- TG: 169.50/169.00 SL 170.30 YOUR MINTVISORY

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Weekly iforex report 03 mar 2014