Daily-i-Forex-report-1 by Epic Research 03 June 2013

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DAILY I FOREX REPORT

3RD JUN 2013

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Euro May Rise On CPIPickup, Dollar Looks To

Data For QE Cues

Dollar Risks Tumble if QE3Taper Talk or CapitalMarket Don’t Catch

Euro Falls Below 1.30 on aSuggestion of Further ECB

Intervention

The Euro was driven back below the key 1.3000 figureagainst the US Dollar following ECB’s Visco’scomment that the central bank is ready to interveneagain on rates. Visco was speaking at the Bank ofItaly’s annual meeting and also said that the ECB willconsider all measures to maintain current creditconditions. The comments follow the ECB announcing

a 25 basis point cut to the interest rate earlier thismonth. The speculation of a second rate cut is Euronegative.

Furthermore, the official Eurostat estimate of the Eurozone annual inflation for May at 1.4% and well belowthe ECB’s 2.0% rate target didn’t stop the Euro fromslipping further after Visco’s comments. The 1.4% risein consumer prices since May 2012 was as expectedand showed a slight bounce in inflation following the 3

year low set in April at 1.2%.

Also, the Euro-zone unemployment rate wasannounced today at a record high of 12.2%, which metexpectations. Italian unemployment was reported at12.0% for April, which was higher than expected andset a new 36-year high. Neither employment releasehad a significant effect on Forex markets.

TRADING TIPS BUY EURUSD ABOVE

1.3050 TGT 1.3070/1.3090

SL 1.3020

BUY USDJPY ABOVE 101.30

TGT 101.50/101.70 SL

101.00

SELL GBPUSD BELOW

1.5180 TGT 1.5160/1.5140

SL 1.5210

HEADLINES






HOURLY EURUSD CHARTHOURLY EURUSD CHART

ANALYSISOPEN: 1.3042 EURUSD LOOKS UPWARD

HIGH: 1.3049 TREND: BULLISH

LOW: 1.2968 STRATEGY: BUY ON DIPS

CLOSE: 1.2987 MACD =>.0007(BULLISH SIGNAL)

RSI => 46(BULLISH SIGNAL)



HOURLY USDJPY CHART

ANALYSIS

OPEN: 101.12 USDJPY LOOKS UPWARD

HIGH: 101.28 TREND: BULLISH

LOW: 100.30 STRATEGY: BUY ON DIPS

CLOSE: 100.62 MACD =>.04(BULLISH SIGNAL)

RSI => 41(BULLISH SIGNAL)



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HOURLY GBPUSD CHART

ANALYSIS

OPEN: 1.5227 GBPUSD LOOKS DOWNWARD

HIGH: 1.5239 TREND: BEARISH

LOW: 1.5185 STRATEGY: SELL ON RISE

CLOSE: 1.5197 MACD =>-.000(BEARISH SIGNAL)

RSI => 43(BEARISH SIGNAL)






HOURLY EURGBP CHART

ANALYSIS

OPEN: 00.8564 EURGBP LOOKS DOWNWARD



CLOSE: 00.8548 MACD =>.00005(BEARISH SIGNAL)

RSI =>41(BEARISH SIGNAL)







HOURLY USD INDEX CHART

ANALYSIS

OPEN: 83.0280 USDINDEX LOOKS DOWNWARD



CLOSE: 83.3540 MACD =>.0291(BEARISH SIGNAL)

RSI => 58(BEARISH SIGNAL)



Date Time Currency Event Importance Actual Forecast Previous N

Sun

May 2623:01

GBP HometrackHousing Survey (MoM)(MAY)

Low 0.4% 0.3%

23:01GBP HometrackHousing Survey (YoY)(MAY)

Low 0.4% 0.2%

23:50JPY Bank of JapanReleases April 26Meeting Minutes

High

MonMay 27

01:30CNY Industrial Profits

YTD (YoY) (APR)

Low 11.4%. 12.1%

23:50JPY Corporate ServicePrice (YoY) (APR)

Low -0.2% -0.2%

TueMay 28

CNY Leading Index(APR)

Medium 99.38

03:45

JPY BoJ BoardMember Miyao Speaksat Correspondents'Club

Low

05:00JPY Small BusinessConfidence (MAY)

Medium 49.4

06:00CHF Trade Balance(Swiss franc) (APR)

Medium 2.00B 1.90B

06:00CHF Exports (MoM)(APR)

Low 5.1%

06:00CHF Imports (MoM)(APR)

Low 2.0%

06:00EUR German ImportPrice Index (MoM)(APR)

Low -0.4% -0.1%

06:00EUR German ImportPrice Index (YoY)

(APR)

Low -2.3% -2.3%

13:00USD S&P/CS 20 Citys.a. (MoM) (MAR)

Low 1.0% 1.2%

13:00USD S&P/Case-Shiller Composite-20 (YoY)(MAR) (MAR)

Low 10.2% 9.3%

13:00USD S&P/Case-Shiller Home Price Index(MAR) (MAR)

Low 147.48 146.57

13:00USD S&P/Case-Shiller US Home Price Index(YoY) (1Q)

Low 7.3%

ECONOMIC CALLENDER



13:00USD S&P/Case-Shiller US Home Price Index(1Q)

Low 135.22

14:00USD Richmond FedManufacturing Index(MAY)

Low -4 -6

14:00LIVE

USD Consumer Confidence (MAY)

High 71 68.1

14:30

USD Dallas Fed

Manufacturing Activity(MAY)

Low -10 -15.6

23:50JPY Large Retailers'Sales (APR)

Medium -0.6% 2.4%

23:50JPY Retail Trade s.a.(MoM) (APR)

Low 0.0% -1.4%

23:50JPY Retail Trade (YoY)(APR)

Medium -0.5% -0.3%

WedMay 29

00:00 AUD CBAHIA House Affordability (1Q)

Low 68.9

00:00

JPY Bank of JapanGovernor KurodaSpeaks at BOJConference

Medium

00:30 AUD Westpac LeadingIndex (MoM) (MAR)(MAR)

Medium 0.6%

01:30 AUD ConstructionWork Done (1Q)

Low 1.0% -0.1%

06:00CHF UBS ConsumptionIndicator (APR)

Medium 1.25

07:00

JPY BoJ Holds Meeting

with Investors andMarket Participants

Low

07:55EUR GermanUnemployment Change(MAY)

High 5K 4K

07:55EUR GermanUnemployment Rates.a. (MAY)

High 6.9% 6.9%

08:00EUR Euro-Zone M3s.a. (YoY) (APR)

Low 2.9% 2.6%

08:00EUR Euro-Zone M3s.a. (3M) (APR)

Low 2.9% 3.0%

09:00LIVE

EUR EC OECD MayEconomic Outlook(MAY)

Medium

10:00GBP CBI ReportedSales (MAY)

Low 3 -1

11:00USD MBA Mortgage

Applications (MAY 24)Low -9.8%

12:00EUR GermanConsumer Price Index(MoM) (MAY P)

Medium 0.2% -0.5%



12:00EUR GermanConsumer Price Index(YoY) (MAY P)

High 1.3% 1.2%

12:00

EUR GermanConsumer Price Index -EU Harmonised (MoM)(MAY P)

Medium 0.2% -0.5%

12:00

EUR GermanConsumer Price Index -EU Harmonised (YoY)

(MAY P)

High 1.4% 1.1%

12:30CAD Average WeeklyEarnings (YoY) (MAR)

Low 3.1%

14:00LIVE

CAD Bank of CanadaRate Decision (MAY29)

High 1.00% 1.00%

16:15USD Former FedChairman Paul Volcker Speaks in New York

Low

17:00USD Fed's RosengrenSpeaks on Economy inMinneapolis

Low

22:45NZD Building Permits(MoM) (APR)

Low -9.1%

23:50JPY Japan BuyingForeign Bonds (Yen)(MAY 24)

Medium -¥804.4B

23:50JPY Japan BuyingForeign Stocks (Yen)(MAY 24)

Medium -¥136.9B

23:50JPY Foreign BuyingJapan Bonds (Yen)(MAY 24)

Low ¥17.7B

23:50

JPY Foreign Buying

Japan Stocks (Yen)(MAY 24)

Low ¥716.0B

ThuMay 30

01:30 AUD Building Approvals (MoM)(APR)

Low 4.0% -5.5%

01:30 AUD Building Approvals (YoY) (APR)

Medium 22.5% 3.9%

01:30 AUD Private CapitalExpenditure (1Q)

Low 0.5% -1.2%

05:45CHF Gross DomesticProduct (QoQ) (1Q)

Medium 0.2% 0.2%

05:45CHF Gross DomesticProduct (YoY) (1Q)

Medium 1.0% 1.4%

06:00GBP Nationwide HousePrices s.a. (MoM)(MAY)

Low 0.5% -0.1%

06:00GBP Nationwide HousePrices n.s.a. (YoY)(MAY)

Medium 0.9% 0.9%

08:15

JPY BoJ DeputyGovernor NakasoSpeaks at Bellwether Conference

Low



08:30GBP Lloyds BusinessBarometer (MAY)

Low 27

09:00LIVE

EUR Euro-ZoneEconomic Confidence(MAY)

Medium 89.4 88.6

09:00EUR Euro-ZoneBusiness ClimateIndicator (MAY)

Low -0.85 -0.93

09:00

EUR Euro-Zone

Industrial Confidence(MAY)

Low -13 -13.8

09:00EUR Euro-ZoneConsumer Confidence(MAY F)

Medium -21.9 -21.9

09:00EUR Euro-ZoneServices Confidence(MAY)

Low -10.6 -11.1

12:30CAD Current Account(BoP) (Canadian dollar)(1Q)

Low -$15.7B -$17.3B

12:30USD Gross DomesticProduct (Annualized)(1Q S)

High 2.5% 2.5%

12:30USD PersonalConsumption (1Q S)

High 3.3% 3.2%

12:30USD Gross DomesticProduct Price Index(1Q S)

High 1.2% 1.2%

12:30

USD Core PersonalConsumptionExpenditure (QoQ) (1QS)

Medium 1.2% 1.2%

12:30CAD Industrial ProductPrice (MoM) (APR)

Low -0.3% 0.1%

12:30USD Initial JoblessClaims (MAY 25)

Medium 340K 340K

12:30CAD Raw MaterialsPrice Index (MoM)(APR)

Low -0.9% -1.7%

12:30USD Continuing Claims(MAY 18)

Low 2970K 2912K

14:00USD Pending HomeSales (MoM) (APR)

Low 1.50% 1.50%

14:00

USD Pending Home

Sales (YoY) (APR) Medium 12.6% 5.8%

14:30USD EIA Natural GasStorage Change (MAY24)

Low 89

15:00USD DOE U.S. CrudeOil Inventories (MAY24)

Low -338K

15:00USD DOE Cushing OKCrude Inventory (MAY24)

Low 449K

15:00USD DOE U.S.Gasoline Inventories

(MAY 24)

Low 3015K



15:00USD DOE U.S.Distillate Inventory(MAY 24)

Low -1052K

16:35USD OFR's Berner speaks on FinancialStability

Low

22:45NZD Terms of TradeIndex (QoQ) (1Q)

Medium -1.3%

23:01

GBP GfK Consumer

Confidence Survey(MAY)

Medium -26 -27

23:15

JPY Nomura/JMMAManufacturingPurchasing Manager Index (MAY)

Medium 51.1

23:30JPY HouseholdSpending (YoY) (APR)

Medium 3.0% 5.2%

23:30JPY Jobless Rate(APR)

Medium 4.1% 4.1%

23:30JPY Job-To-Applicant

Ratio (APR)

Low 0.87 0.86

23:30JPY NationalConsumer Price Index(YoY) (APR)

High -0.7% -0.9%

23:30

JPY NationalConsumer Price IndexEx-Fresh Food (YoY)(APR)

Medium -0.4% -0.5%

23:30

JPY NationalConsumer Price IndexEx Food, Energy (YoY)(APR)

Medium -0.7% -0.8%

23:30

JPY Tokyo Consumer

Price Index (YoY)(MAY)

Low -0.4% -0.7%

23:30JPY Tokyo Consumer Price Index Ex-FreshFood (YoY) (MAY)

Low -0.2% -0.3%

23:30JPY Tokyo Consumer Price Index Ex Food,Energy (YoY) (MAY)

Low -0.7% -0.7%

23:50JPY IndustrialProduction (MoM)(APR P)

Low 0.6% 0.9%

23:50JPY IndustrialProduction (YoY) (APRP)

Medium -3.4% -6.7%

FriMay 31

JPY Bank of JapanDeputy Governor Nakaso Speaks inTokyo

Low

01:00NZD ANZ BusinessConfidence (MAY)

Low 32.3

01:00NZD ANZ ActivityOutlook (MAY)

Low 30.3

01:30 AUD Private Sector Credit (MoM) (APR)

Low 0.3% 0.2%



01:30 AUD Private Sector Credit (YoY) (APR)

Medium 3.0% 3.2%

01:35CNY MNI MayBusiness SentimentIndicator

Low

03:00NZD Money Supply M3(YoY) (APR)

Low 7.0%

04:00JPY Vehicle Production

(YoY) (APR)Low -16.4%

05:00JPY Housing Starts(YoY) (APR)

Medium 4.1% 7.3%

05:00JPY AnnualizedHousing Starts (APR)

Medium 0.923M 0.904M

05:00JPY ConstructionOrders (YoY) (APR)

Low -3.4%

06:00EUR German RetailSales (MoM) (APR)

Low 0.2% -0.3%

06:00EUR German RetailSales (YoY) (APR) Medium 1.1% -2.8%

07:00CHF KOF SwissLeading Indicator (MAY)

Medium 1.07 1.02

08:00EUR ItalianUnemployment Rates.a. (APR P)

Low 11.6% 11.5%

08:00EUR ItalianUnemployment Rates.a. (1Q)

Low 11.6% 11.2%

08:30GBP Net Consumer Credit (APR)

Medium 0.4B 0.5B

08:30GBP Net Lending Sec.on Dwellings (APR)

Medium 0.5B 0.4B

08:30GBP Mortgage

Approvals (APR)Medium 54.6K 53.5K

08:30GBP M4 Money Supply(MoM) (APR)

Low -0.9%

08:30GBP M4 Money Supply(YoY) (APR)

Low 0.3%

08:30GBP M4 Ex IOFCs 3M

Annualised (APR)Low 3.3% 4.6%

09:00EUR Euro-ZoneConsumer Price IndexEstimate (YoY) (MAY)

Medium 1.4% 1.2%

09:00EUR Euro-ZoneUnemployment Rate(APR)

Medium 12.2% 12.1%

09:00EUR Euro-ZoneConsumer Price Index -Core (YoY) (MAY A)

High 1.1% 1.0%

12:30CAD Quarterly GrossDomestic Product

Annualized (1Q)High 2.3% 0.6%



12:30CAD Gross DomesticProduct (MoM) (MAR)(MAR)

Medium 0.1% 0.3%

12:30CAD Gross DomesticProduct (YoY) (MAR)(MAR)

High 1.5% 1.7%

12:30USD Personal Income(APR)

Medium 0.1% 0.2%

12:30USD PersonalSpending (APR) Medium 0.0% 0.2%

12:30

USD PersonalConsumptionExpenditure Deflator (MoM) (APR)

Low -0.2% -0.1%

12:30

USD PersonalConsumptionExpenditure Deflator (YoY) (APR)

Low 0.8% 1.0%

12:30

USD PersonalConsumptionExpenditure Core(MoM) (APR)

Low 0.1% 0.0%

12:30

USD PersonalConsumptionExpenditure Core(YoY) (APR)

Medium 1.0% 1.1%

12:45USD Fed's PianaltoSpeaks on FinancialStability in Washington

Low

13:00USD NAPM-Milwaukee(MAY)

Low 49.0 48.4

13:45USD ChicagoPurchasing Manager (MAY)

Low 50.0 49.0

13:55USD U. of MichiganConfidence (MAY F)

Medium 83.7 83.7

14:00USD Revisions to theWholesale Sales andInventories Report

Low

14:00USD Revisions of Retail Sales Released

Low

15:00USD Fed's LiangSpeaks on FinancialStability in Washington

Low



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Daily-i-Forex-report-1 by Epic Research 03 June 2013

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Transcript of Daily-i-Forex-report-1 by Epic Research 03 June 2013