DAILY I FOREX REPORT 28

th

MARCH 2013

WWW.EPICRESEARCH.CO +91 9752199966

WWW.EPICRESEARCH.CO +91 9752199966

Forex News: New Zealand Dollar Extends Gain on Trade Surplus

EUR/USD- Trading The U.S. Consumer Confidence Survey

USD To Look Higher On Stronger Recovery- Euro Rebound At Risk

Euro Unimpressed by Cyprus Deal as Capital Flight Fears Linger

Euro Yields Tepid Response to Cyprus Bailout Deal as Capital Flight Fears

Japanese Yen Declined as Stocks Rose in Asia, Denting Safe-Haven Demand

The major currencies are little changed in overnight trade. The Japanese Yen is broadly underperforming as Asian stocks advance, sapping demand for the regional haven currency. The MSCI Asia Pacific benchmark equity index has added 0.9 percent after Cyprus and the so-called “troika” (EU/ECB/IMF) agreed to measures paving the way for launch of the country’s bailout program. The Euro spiked higher as the news of the deal emerged but the single currency has since retreated as worries about the impact of the Cyprus fiasco on depositor confidence elsewhere in single currency bloc continue to swirl.

TRADING TIPS

SELL EURUSD BELOW

1.2835 tgs

1.2815/1.2795 sl 1.2865

SELL USDJPY BELOW

93.85 tgt 93.65/93.45

SL 94.15

BUY GBPUSD ABOVE

1.5210 Tgt

1.5230/1.5250 SL

1.5180

HEADLINES

HOURLY EURUSD CHART

ANALYSIS

OPEN: 1.2857

HIGH: 1.2885

LOW: 1.2839

CLOSE: 1.2872

EURUSD LOOKS DOWNWARD

TREND : BEARISH

STRATEGY: SELL ON RISE

MACD =>-.0005(BEARISH SIGNAL)

RSI => 43(BEARISH SIGNAL)

HOURLY EURUSD CHART

HOURLY USDJPY CHART

ANALYSIS

OPEN: 93.94

HIGH: 94.45

LOW: 93.87

CLOSE: 94.29

USDJPY LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

MACD => -0.07( BEARISH SIGNAL)

RSI =>50(BEARISH SIGNAL)

HOURLY USDJPY CHART

HOURLY GBPUSD CHART

ANALYSIS

OPEN: 1.5177

HIGH: 1.5207

LOW: 1.5166

CLOSE: 1.5173

GBPUSD LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DEEPS

MACD => .002( BULLISH SIGNAL)

RSI => 45(BULLISH SIGNAL)

HOURLY GBPUSD CHART

HOURLY EURGBP CHART

ANALYSIS

OPEN: 0.8471

HIGH: 0.8487

LOW: 0.8459

CLOSE: 0.8485

EURGBP LOOKS UPWARDS

TREND: BULLISH

STRATEGY: BUY ON DEEPS

MACD =>-.003(BULLISH SIGNAL)

RSI =>55(BULLISH SIGNAL)

www.epicresearch.co + 91 9752199966

HOURLY EURGBP CHART

HOURLY USDINDEX CHART

ANALYSIS

OPEN: 82.8540

HIGH: 82.9370

LOW: 82.7530

CLOSE: 82.8150

USDINDEX LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

MACD =>0.22(BEARISH SIGNAL)

RSI =>43(BEARISH SIGNAL)

Date Time Currency Event Importance Actual Forecast Previous Notes

Mon Mar 25

00:01

GBP Hometrack Housing Survey (MoM) (MAR)

Low 0.3%

0.1%

00:01

GBP Hometrack Housing Survey (YoY) (MAR)

Low 0.0%

-0.1%

09:00

EUR German FinMin Schaeuble Holds Press

Conference

Medium

09:00

EUR Italian Consumer Confidence Index s.a. (MAR)

Low 85.2 85.5 86

09:30

GBP BBA Loans for House Purchase (FEB)

Medium 30506 33500 31983

10:00

EUR Italy to Sell 2014 Bonds, 2018, 2023 I/L Bonds

Medium

12:30

USD Chicago Fed Nat Activity Index (FEB)

Medium 0.44

-0.49

14:30

USD Dallas Fed

Manufacturing Activity (MAR)

Low 7.4 3.7 2.2

16:15

USD Fed's Dudley to Speak at Economic Club of New York

Low

17:15

GBP Fed's Bernanke, BoE's King, IMF's Blanchard Speak in London

Low

21:45

NZD Balance (YTD) (New Zealand dollars) (FEB)

Medium -1082M -1514M -1286M

21:45

NZD Trade Balance (New Zealand dollars) (FEB)

Medium 414M -12M -287M

21:45

NZD Exports (New Zealand dollars) (FEB)

Low 3.91B 3.55B 3.35B

21:45

NZD Imports (New Zealand dollars) (FEB)

Low 3.49B 3.58B 3.64B

23:50

JPY Corporate Service Price (YoY) (FEB)

Low 0.1% 0.0% -0.2%

Tue Mar 26

04:00

JPY Small Business Confidence (MAR)

Low 49.7

46

08:00

CHF KOF Institute March Economic Forecast

Medium

11:00

GBP CBI Reported Sales (MAR)

Low

13 8

12:30

USD Durable Goods Orders (FEB)

High

3.9% -4.9%

ECONOMIC CALENDER

12:30

USD Durables Ex Transportation (FEB)

Medium

0.5% 2.3%

12:30

USD Cap Goods Orders Nondef Ex Air (FEB)

Low

-1.0% 7.2%

12:30

USD Cap Goods Ship Nondef Ex Air (FEB)

Low

1.5% -1.1%

13:00

USD S&P/CS 20 City MoM% SA (JAN)

Low

0.75% 0.88%

13:00

USD S&P/Case-Shiller Composite-20 (YoY) (JAN)

Low

7.85% 6.84%

13:00

USD S&P/Case-Shiller Home Price Index

(JAN)

Low

146.17 145.95

14:00

USD Consumer Confidence (MAR)

High

69 69.6

14:00

USD New Home Sales (MoM) (FEB)

Medium

-3.9% 15.6%

14:00

USD New Home Sales (FEB)

Low

420K 437K

14:00

USD Richmond Fed Manufacturing Index (MAR)

Low

6 6

Wed Mar 27

00:00

NZD NBNZ Business Confidence (MAR)

Medium

39.4

00:00

NZD ANZ Activity Outlook (MAR)

Low

37.6

07:00

CHF UBS Consumption Indicator (FEB)

Medium

1.18

07:00

EUR German GfK

Consumer Confidence Survey (APR)

Low

5.9 5.9

07:00

EUR German Import Price Index (MoM) (FEB)

Low

0.2% 0.1%

07:00

EUR German Import Price Index (YoY)

(FEB)

Low

-1.6% -0.8%

07:45

EUR French Gross Domestic Product (QoQ) (4Q F)

Medium

-0.3% -0.3%

07:45

EUR French Gross Domestic Product (YoY) (4Q F)

Medium

-0.3% -0.3%

08:00

CHF KOF Swiss Leading Indicator (MAR)

Medium

1.04 1.03

09:30

GBP Gross Domestic Product (QoQ) (4Q F)

High

-0.3% -0.3%

09:30

GBP Gross Domestic

Product (YoY) (4Q F) High

0.3% 0.3%

09:30

GBP Current Account (Pounds) (4Q) (4Q)

Medium

-12.5B -12.8B

09:30

GBP Total Business Investment (YoY) (4Q

F)

Medium

0.4%

09:30

GBP Total Business Investment (QoQ) (4Q F)

Low

-1.2% -1.2%

10:00

EUR Euro-Zone Business Climate Indicator (MAR)

Medium

-0.79 -0.73

10:00

EUR Euro-Zone Consumer Confidence (MAR F)

Medium

-23.5 -23.5

10:00

EUR Euro-Zone Consumer Price Index Estimate (YoY) (MAR)

Medium

1.8%

10:00

EUR Euro-Zone Industrial Confidence (MAR)

Medium

-12 -11.2

10:00

EUR Euro-Zone Services Confidence (MAR)

Medium

-6.5 -5.4

10:00

EUR Euro-Zone Economic Confidence (MAR)

Low

90.5 91.1

11:00

USD MBA Mortgage Applications (MAR 22)

Low

-7.1%

12:30

CAD Bank Canada Consumer Price Index Core (YoY) (FEB)

High

1.0% 1.0%

12:30

CAD Consumer Price Index (YoY) (FEB)

High

0.8% 0.5%

12:30

CAD Bank Canada Consumer Price Index Core (MoM) (FEB)

Medium

0.3% 0.1%

12:30

CAD Consumer Price

Index (FEB) Medium

121.3

12:30

CAD Consumer Price Index (MoM) (FEB)

Medium

0.7% 0.1%

12:30

CAD Consumer Price Index SA (MoM) (FEB)

Medium

0.5% -0.1%

12:30

CAD Core CPI SA (MoM) (FEB)

Low

0.1% 0.1%

14:00

USD Pending Home Sales (YoY) (FEB)

Medium

8.7% 10.4%

14:00

USD Pending Home Sales (MoM) (FEB)

Low

-0.4% 4.5%

14:30

USD DOE Cushing OK Crude Inventory (MAR 22)

Low

-286K

14:30

USD DOE U.S. Crude Oil Inventories (MAR 22)

Low

-1314K

14:30

USD DOE U.S. Distillate Inventory (MAR 22)

Low

-672K

14:30

USD DOE U.S. Gasoline Inventories

Low

-1476K

(MAR 22)

17:00

USD Fed's Kocherlakota Speaks on Monetary Policy in Edina, MN

Low

21:45

NZD Building Permits (MoM) (FEB)

Low

3.0% -0.4%

23:30

AUD TD Securities

Inflation (YoY) (MAR) Medium

2.4%

23:30

AUD TD Securities Inflation (MoM) (MAR)

Low

0.0%

23:50

JPY Large Retailers' Sales (FEB)

Medium

-1.5% -3.5%

23:50

JPY Retail Trade (YoY) (FEB)

Medium

-1.3% -1.1%

23:50

JPY Foreign Buying Japan Bonds (Yen) (MAR 22)

Low

-¥485.6B

23:50

JPY Foreign Buying

Japan Stocks (Yen) (MAR 22)

Low

¥471.9B

23:50

JPY Japan Buying Foreign Bonds (Yen) (MAR 22)

Low

-¥427.3B

23:50

JPY Japan Buying Foreign Stocks (Yen) (MAR 22)

Low

-¥537.1B

23:50

JPY Retail Trade s.a. (MoM) (FEB)

Low

0.8% 2.3%

Thu Mar 28

CNY Leading Index (FEB)

Medium

100.5

00:01

GBP GfK Consumer Confidence Survey (MAR)

Medium

-27 -26

00:30

AUD Private Sector Credit (MoM) (FEB)

Medium

0.3% 0.2%

00:30

AUD Private Sector Credit (YoY) (FEB)

Medium

3.5% 3.6%

00:30

AUD Job vacancies (FEB)

Low

-6.9%

01:30

CNY Industrial Profits YTD (YoY) (FEB)

Medium

5.3%

02:00

NZD Money Supply M3 (YoY) (FEB)

Low

6.4%

07:00

GBP Nationwide House Prices n.s.a. (YoY) (MAR)

Medium

0.9% 0.0%

07:00

EUR German Retail Sales (YoY) (FEB)

Medium

-1.2% 2.4%

07:00

GBP Nationwide House Prices s.a. (MoM) (MAR)

Low

0.2% 0.2%

07:00

EUR German Retail Sales (MoM) (FEB)

Low

-0.6% 3.0%

08:55

EUR German Unemployment Change

(MAR)

High

-2K -3K

08:55

EUR German Unemployment Rate s.a. (MAR)

Medium

6.9% 6.9%

09:00

EUR Euro-Zone M3 s.a. (3M) (FEB)

Low

3.3% 3.5%

09:00

EUR Euro-Zone M3 s.a. (YoY) (FEB)

Low

3.2% 3.5%

09:30

GBP Index of Services (3Mo3M) (JAN)

Low

-0.2% -0.1%

09:30

GBP Index of Services (MoM) (JAN)

Low

0.3% -0.4%

12:30

CAD Gross Domestic Product (YoY) (JAN)

High

0.9% 0.8%

12:30

USD Gross Domestic Product (Annualized) (4Q T)

High

0.5% 0.1%

12:30

USD Gross Domestic Product Price Index (4Q T)

High

0.9% 0.9%

12:30

CAD Gross Domestic Product (MoM) (JAN)

Medium

0.1% -0.2%

12:30

USD Core Personal Consumption Expenditure (QoQ) (4Q T)

Medium

0.9% 0.9%

12:30

USD Initial Jobless Claims (MAR 24)

Medium

338K 332K

12:30

USD Personal Consumption (4Q T)

Medium

2.1% 2.1%

12:30

CAD Industrial Product Price (MoM) (FEB)

Low

0.5% 0.0%

12:30

CAD Raw Materials Price Index (MoM) (FEB)

Low

2.0% 3.8%

12:30

USD Continuing Claims (MAR 17)

Low

3041K 3053K

13:00

USD NAPM-Milwaukee (MAR)

Low

56 56.5

13:45

USD Chicago Purchasing Manager (MAR)

Low

56.3 56.8

14:30

USD EIA Natural Gas Storage Change (MAR 22)

Low

-62

15:00

USD Kansas City Fed Manf. Activity (MAR)

Low

-10

23:15

JPY Nomura/JMMA

Manufacturing Purchasing Manager Index (MAR)

Medium

48.5

23:30

JPY Household Spending (YoY) (FEB)

Medium

0.1% 2.4%

23:30

JPY Jobless Rate (FEB)

Medium

4.2% 4.2%

23:30

JPY National Consumer Price Index Ex-Fresh Food (YoY) (FEB)

Medium

-0.4% -0.2%

23:30

JPY National Consumer Price Index Ex Food, Energy (YoY) (FEB)

Medium

-0.9% -0.7%

23:30

JPY National Consumer Price Index (YoY) (FEB)

Medium

-0.7% -0.3%

23:30

JPY Job-To-Applicant Ratio (FEB)

Low

0.86 0.85

23:30

JPY Tokyo Consumer Price Index Ex-Fresh Food (YoY) (MAR)

Low

-0.6% -0.6%

23:30

JPY Tokyo Consumer Price Index Ex Food, Energy (YoY) (MAR)

Low

-1.0% -1.0%

23:30

JPY Tokyo Consumer

Price Index (YoY) (MAR)

Low

-0.9% -0.9%

23:50

JPY Industrial Production (YoY) (FEB P)

Medium

-8.4% -5.8%

23:50

JPY Industrial Production (MoM) (FEB P)

Low

2.5% 0.3%

Fri Mar 29

01:35

CNY MNI Business Sentiment Indicator (MAR)

Medium

04:00

JPY Vehicle Production (YoY) (FEB)

Low

-9.9%

05:00

JPY Annualized Housing Starts (FEB)

Medium

0.897M 0.863M

05:00

JPY Housing Starts (YoY) (FEB)

Medium

-1.8% 5.0%

05:00

JPY Construction Orders (YoY) (FEB)

Low

-3.7%

12:30

USD Personal Consumption Expenditure Core (YoY) (FEB)

High

1.3% 1.3%

12:30

USD Personal Consumption Expenditure Core

(MoM) (FEB)

Medium

0.1% 0.1%

12:30

USD Personal Income (FEB)

Medium

0.9% -3.6%

12:30

USD Personal Spending (FEB)

Medium

0.6% 0.2%

12:30

USD Personal Consumption Expenditure Deflator (MoM) (FEB)

Low

0.5% 0.0%

12:30

USD Personal Consumption Expenditure Deflator (YoY) (FEB)

Low

1.4% 1.2%

13:55

USD U. of Michigan Confidence (MAR F)

High

72.9 71.8

www.epicresearch.co + 91 9752199966

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.