Daily i-forex-report-1 by epic research 13 may 2013

DAILY I FOREX REPORT

13th

MAY 2013

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Dollar Charges Higher - Will EUR/USD Break 1.3000, AUD/USD 1.0000?

Dollar Surge is Only the Beginning

Forex Trading Weekly Forecast 05.10.2013

US Dollar Forecast - Dollar Surge is Only the Beginning

The US Dollar finally showed signs of life and surged against major forex counterparts even as the S&P 500 finished at record-peaks. The safe-haven USD may rally further as a sharp gains in FX volatility prices suggest the Dollar breakdout is the “real deal”.

Euro Forecast - Euro Crisis Complacency May Collapse with 1Q GDP Data

Though EURUSD took a tumble this past week – largely on the incredible strength of the US dollar – the Euro individually performed well through the period. That vigor may not hold next week though ...

TRADING TIPS

BUY EURUSD ABOVE

1.2995 TGT 1.3015/1.3035

SL 1.2965

BUY USDJPY ABOVE 101.75

TGT 101.95/102.15 SL

101.45

BUY GBPUSD ABOVE

1.5370 TGT 1.5390/1.5410

SL 1.5340

HEADLINES


HOURLY EURUSD CHART

HOURLY EURUSD CHART

ANALYSIS

OPEN: 1.2984 EURUSD LOOKS UPWARD

HIGH: 1.2994 TREND: BULLISH

LOW: 1.2981 STRATEGY: BUY ON DIPS

CLOSE: 1.2988 MACD =>-.0025(BULLISH SIGNAL)

RSI => 39.6638(BULLISH SIGNAL)

HOURLY USDJPY CHART

ANALYSIS

OPEN: 101.59 USDJPY LOOKS UPWARDS



CLOSE: 101.63 MACD =>.40(BULLISH SIGNAL)

RSI => 63(BULLISH SIGNAL)

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HOURLY GBPUSD CHART

ANALYSIS

OPEN: 1.5359 GBPUSD LOOKS UPWARD



CLOSE: 1.5358 MACD =>-.0032(BULLISH SIGNAL)


HOURLY EURGBP CHART

ANALYSIS

OPEN: 00.8454 EURGBP LOOKS UPWARDS



CLOSE: 00.8454 MACD =>.0002(BULLISH SIGNAL)




HOURLY USD INDEX CHART

ANALYSIS

OPEN: 83.1420 USDINDEX LOOKS DOWNWARD

HIGH: 83.1660 TREND: BEARISH

LOW: 83.0940 STRATEGY: SELL ON RISE

CLOSE: 83.1060 MACD =>.1756(BEARISH SIGNAL)

RSI => 52(BEARISH SIGNAL)

Date Time Currency Event Importance Actual Forecast Previous Notes

Sun May 5

13:30

USD Fed's Pianalto Gives Commencement Speech in Ohio

Low

Mon

May 6 00:23

CNY Leading Index (MAR)

Medium 99.38

99.98

00:30

AUD TD Securities Inflation (YoY) (APR)

Medium 2.1%

2.1%

00:30

AUD TD Securities Inflation (MoM) (APR)

Low 0.3%

0.2%

01:30

AUD Retail Sales Ex Inflation(QoQ) (1Q)

Medium 2.2% 1.7% 0.1%

01:30

AUD Retail Sales s.a. (MoM) (MAR)

Medium -0.4% 0.1% 1.3%

01:30

AUD ANZ Job Advertisements (MoM) (APR)

Low -1.3%

-0.4%

01:45

CNY HSBC Services PMI (APR)

Medium 51.1

54.3

07:45

EUR Italian Purchasing Manager Index Services (APR)

Low 47.0 45.9 45.5

07:50

EUR French Purchasing Manager Index Services (APR F)

Low 44.3 44.1 44.1

07:55

EUR German Purchasing Manager Index Services (APR F)

Medium 49.6 49.2 49.2

08:00

EUR Euro-Zone Purchasing Manager Index Composite (APR F)

Medium 46.9 46.6 46.5

08:00

EUR Euro-Zone Purchasing Manager Index Services (APR F)

Medium 47.0 46.6 46.6

08:30

EUR Euro-Zone Sentix Investor Confidence (MAY)

Medium -15.6 -15.2 -17.3

09:00

EUR Euro-Zone Retail Sales (YoY) (MAR)

Medium -2.4% -2.2% -1.7%

09:00

EUR Euro-Zone Retail Sales (MoM) (MAR)

Low -0.1% -0.1% -0.2%

09:00

EUR German FinMin Schaeuble Speaks on European Integration

Low

12:30

CAD Building Permits (MoM) (MAR)

Medium

1.0% 1.7%

14:00

CAD Ivey Purchasing Managers Index s.a. (APR)

Medium

58.0 61.6

22:45

NZD Average Hourly Earnings (QoQ) (1Q)

Medium

1.0% -0.4%

22:45

NZD Labor Cost Private Sector (QoQ) (1Q)

Low

0.5% 0.6%

ECONOMIC CALLENDER

22:45

NZD Private Wages ex Overtime (QoQ) (1Q)

Low

0.5% 0.5%

23:01

GBP BRC Shop Price Index (YoY) (APR)

Low

1.4%

23:01

GBP Lloyds Employment Confidence (APR)

Low

-45

23:30

AUD AiG Performance of Construction Index (APR)

Medium

39

Tue

May 7 01:30

AUD House Price Index (QoQ) (1Q)

Medium

1.8% 1.6%

01:30

AUD House Price Index (YoY) (1Q)

Medium

4.0% 2.1%

01:30

AUD Trade Balance (Australian dollar) (MAR)

Medium

0M -178M

04:30

LIVE

AUD Reserve Bank of Australia Rate Decision (MAY 7)

High

3.00% 3.00%

05:45

CHF SECO Consumer Confidence (APR)

Medium

-2 -6

05:45

CHF Unemployment Rate (APR)

Medium

3.1% 3.2%

05:45

CHF Unemployment Rate s.a. (APR)

Medium

3.1% 3.1%

06:30

AUD Foreign Reserves (Australian dollar) (APR)

Low

A$48.7B

07:00

CHF Foreign Currency Reserves (APR)

Low

435.0B 438.3B

10:00

EUR German Factory Orders n.s.a. (YoY) (MAR)

Medium

-2.9% 0.0%

10:00

EUR German Factory Orders s.a. (MoM) (MAR)

Low

-0.5% 2.3%

14:00

USD IBD/TIPP Economic Optimism (MAY)

Low

47.3 46.2

14:00

USD JOLTs Job Openings (MAR)

Low

3925

19:00

USD Consumer Credit (MAR)

Medium

$16.000B $18.139B

23:01

GBP BRC Sales Like-For-Like (YoY) (APR)

Low

1.9% 1.9%

Wed May 8

04:00

CNY Trade Balance (USD) (APR)

Medium

$15.50B -$0.88B

04:00

CNY Exports (YoY) (APR)

Low

10.0% 10.0%

04:00

CNY Imports (YoY) (APR)

Low

13.0% 14.1%

04:00

GBP Halifax House Price (3MoY) (APR)

Low

1.6% 1.1%

04:00

GBP Halifax Plc House Prices s.a. (MoM) (APR)

Low

0.2% 0.2%

04:00

GBP New Car Registrations (YoY) (APR)

Low

5.9%

07:15

CHF CPI - EU Harmonised (YoY) (APR)

Medium

-0.3%

07:15

CHF Consumer Price Index (YoY) (APR)

Medium

-0.5% -0.6%

07:15

CHF CPI - EU Harmonised (MoM) (APR)

Low

0.5%

07:15

CHF Consumer Price Index (MoM) (APR)

Low

0.1% 0.2%

10:00

EUR German Industrial Production n.s.a. and w.d.a. (YoY) (MAR)

Medium

-3.8% -1.8%

10:00

EUR German Industrial Production s.a. (MoM) (MAR)

Low

-0.1% 0.5%

11:00

USD MBA Mortgage Applications (MAY 3)

Low

1.8%

12:15

CAD Housing Starts (APR)

Medium

175.0K 184.0K

12:30

USD Fed's Stein Speaks at Chicago Fed Conference

Low

14:30

USD DOE Cushing OK Crude Inventory (MAY 3)

Low

-1382K

14:30

USD DOE U.S. Crude Oil Inventories (MAY 3)

Low

6696K

14:30

USD DOE U.S. Distillate Inventory (MAY 3)

Low

474K

14:30

USD DOE U.S. Gasoline Inventories (MAY 3)

Low

-1818K

22:45

NZD Unemployment Rate (1Q)

High

6.8% 6.9%

22:45

NZD Employment Change (QoQ) (1Q)

Medium

1.0% -1.0%

22:45

NZD Employment Change (YoY) (1Q)

Medium

-0.7% -1.4%

22:45

NZD Participation Rate (QoQ) (1Q)

Low

67.9% 67.2%

23:50

JPY Official Reserve Assets (APR)

Low

$1254.4B

Thu

May 9 00:00

NZD QV House Prices (YoY) (APR)

Low

6.5%

01:30

LIVE

AUD Employment Change (APR)

High

11.0K -36.1K

01:30

LIVE

AUD Unemployment Rate (APR)

High

5.6% 5.6%

01:30

CNY Consumer Price Index (YoY) (APR)

High

2.3% 2.1%

01:30

AUD Full Time Employment Change (APR)

Medium

-7.4K

01:30

CNY Producer Price Index (YoY) (APR)

Medium

-2.3% -1.9%

01:30

AUD Part Time Employment Change (APR)

Low

-28.7K

01:30

AUD Participation Rate (APR)

Low

65.1% 65.1%

02:00

JPY Tokyo Avg Office Vacancies (APR)

Low

8.56%

05:00

JPY Leading Index (MAR P)

Medium

97.7 97.6

05:00

JPY Coincident Index (MAR P)

Low

93.2 92.4

08:00

EUR ECB Publishes Monthly Report

High

08:30

GBP Industrial Production (YoY) (MAR)

Medium

-1.6% -2.2%

08:30

GBP Manufacturing Production (YoY) (MAR)

Medium

-2.0% -1.4%

08:30

GBP Industrial Production (MoM) (MAR)

Low

0.2% 1.0%

08:30

GBP Manufacturing Production (MoM) (MAR)

Low

0.3% 0.8%

11:00

GBP BOE Asset Purchase Target (MAY)

High

375B 375B

11:00

GBP Bank of England Rate Decision (MAY 9)

High

0.50% 0.50%

12:00

USD Fed's Lacker Speaks on Financial Stability in New York

Low

12:30

CAD New Housing Price Index (YoY) (MAR)

Medium

2.1% 2.1%

12:30

USD Initial Jobless Claims (MAY 4)

Medium

335K 324K

12:30

CAD New Housing Price Index (MoM) (MAR)

Low

0.1% 0.2%

12:30

USD Continuing Claims (APR 27)

Low

3018K 3019K

14:00

GBP NIESR Gross Domestic Product Estimate (APR)

High

0.10%

14:00

USD Wholesale Inventories (MAR)

Medium

0.4% -0.3%

14:00

USD Wholesale Sales (MoM) (MAR)

Low

0.1% 1.7%

14:30

USD EIA Natural Gas Storage Change (MAY 3)

Low

43

17:15

USD Fed's Plosser Speaks on Monetary Policy in New York

Low

22:45

NZD NZ Card Spending - Retail (MoM) (APR)

Medium

0.5% -0.5%

22:45

NZD NZ Card Spending (MoM) (APR)

Medium

-1.2%

23:50

JPY Bank Lending incl Trusts (YoY) (APR)

Medium

23:50

JPY Trade Balance - BOP Basis (Yen) (MAR)

Medium

-¥274.0B -¥677.0B

23:50

JPY Adjusted Current Account Total (Yen) (MAR)

Low

¥480.4B -¥0.1B

23:50

JPY Bank Lending Banks ex-Trust (APR)

Low

1.9%

23:50

JPY Current Account Balance (YoY) (MAR)

Low

-5.7% -47.0%

23:50

JPY Current Account Total (Yen) (MAR)

Low

¥1216.3B ¥637.4B

23:50

JPY Foreign Buying Japan Bonds (Yen) (MAY 3)

Low

23:50

JPY Foreign Buying Japan Stocks (Yen) (MAY 3)

Low

23:50

JPY Japan Buying Foreign Bonds (Yen) (MAY 3)

Low

23:50

JPY Japan Buying Foreign Stocks (Yen) (MAY 3)

Low

Fri

May 10

GBP G7 Finance Ministers, Central Bank Chiefs, Meet in UK

High

04:00

CNY New Yuan Loans (APR)

High

767.5B 1060.0B

04:00

CNY Aggregate Financing (APR)

Low

1480.0B 2544.3B

04:00

CNY Money Supply - M0 (YoY) (APR)

Low

12.0% 12.4%

04:00


Low

11.3% 11.9%

04:00


Low

15.5% 15.7%

04:30

JPY Bankruptcies (YoY) (APR)

Medium

-20.0%

05:00

JPY Eco Watchers Survey: Outlook (APR)

Medium

57.5

05:00

JPY Eco Watchers Survey: Current (APR)

Low

57.3

06:00

EUR German Trade Balance (euros) (MAR)

Medium

17.5B 16.8B

06:00

EUR German Current Account (euros) (MAR)

Low

19.5B 16.0B

06:00

EUR German Exports s.a. (MoM) (MAR)

Low

0.5% -1.5%

06:00

EUR German Imports s.a. (MoM) (MAR)

Low

1.5% -3.9%

08:30

GBP Construction Output (YoY) (MAR)

Medium

-6.6% -7.0%

08:30

GBP Visible Trade Balance (Pounds) (MAR)

Medium

-£9000 -£9416

08:30

GBP Construction Output (MoM) (MAR)

Low

15.0% 5.5%

08:30

GBP Total Trade Balance (Pounds) (MAR)

Low

-£3100 -£3642

08:30

GBP Trade Balance Non EU (Pounds) (MAR)

Low

-£4000 -£4276

12:25

USD Fed's Evans Speaks at Chicago Fed Conference

Low

12:30

LIVE

CAD Net Change in Employment (APR)

High

15.0K -54.5K

12:30

LIVE

CAD Unemployment Rate (APR)

High

7.20% 7.20%

12:30

Full Time Employment Change (APR)

Medium

-54.0K

12:30

Part Time Employment Change (APR)

Low

-0.4K

12:30

Participation Rate (APR)

Low

66.7 66.6

13:30

Fed's Bernanke Speaks at Chicago Fed Conference

Medium

18:00

USD Monthly Budget Statement (APR)

Medium

$106.0B

18:00

Fed's George Speaks on the Economy in Wyoming

Low

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Daily i-forex-report-1 by epic research 13 may 2013

Economy & Finance

Transcript of Daily i-forex-report-1 by epic research 13 may 2013