Daily i-forex-report-1 by epic research 30.04.13
-
Upload
epic-daily-report -
Category
Economy & Finance
-
view
58 -
download
2
description
Transcript of Daily i-forex-report-1 by epic research 30.04.13
DAILY I FOREX REPORT 30
TH
APRIL 2013
WWW.EPICRESEARCH.CO +91 9752199966
WWW.EPICRESEARCH.CO +91 9752199966
Euro May not Hold Back the Tides on ECB Cut, Fresh Cyprus Trouble
Euro-Zone Economic Confidence Declines For A Second Month
Euro Looks to German CPI to Set Stage for ECB Rate Decision
Forex Trading Weekly Forecast 04.29.2013
Tired of Choppy Dollar Moves? The Coming Week Could be Huge
The US Dollar (ticker: USDOLLAR) rallied to start the week as the Euro initially fell to multi-
week lows, but a sharp reversal left the safe-haven currency lower as the US S&P 500 finished
just shy of record peaks.
Euro Dangerously Exposed to ECB Rate Decision, Cyprus and Greece
There is a laundry list of fundamental landmines for euro traders to watch moving forward –
and that means volatility and even trend development should be expected for EURUSD and
other crosses. At the top of the list is the ECB rate decision.
Japanese Yen Room to Rally as BoJ Withholds Stimulus Details
The Japanese Yen was a top performer this past week, losing only -0.08% to the top British
Pound, while adding at least +0.52% against six of the major currencies, even posting gains
greater than or equal to +1.48% against four of the major currencies DailyFX Research covers.
British Pound to Hold Bullish Trend as UK Skirts Triple-Dip Recession
The British Pound rallied to a fresh monthly high of 1.5497 as the U.K. emerged from the
double-dip recession, and the sterling may track higher ahead of the next Bank of England
(BoE) interest rate decision on May 9 as market participants scale back bets for more
quantitative easing.
Australian Dollar at Risk on RBA Outlook, Global Slowdown Fears
The Australian Dollar looks vulnerable to deeper losses amid mounting RBA rate
cut bets and returning risk aversion on the back of global slowdown fears.
Gold Still Bearish below $1504- Rebound at Risk
Ahead of FOMC, NFPs
The gold rebound gathered pace this week with the
TRADING TIPS
BUY EURUSD ABOVE
1.3100 tgs
1.3120/1.3140 sl
1.3070
BUY USDJPY ABOVE
98.00 tgt 98.20/98.40
SL 97.70
SELL GBPUSD BELOW
1.5475 Tgt
1.5455/1.5435 SL
1.5505
HEADLINES
HOURLY EURUSD CHART
ANALYSIS
OPEN: 1.3041
HIGH: 1.3100
LOW: 1.3032
CLOSE: 1.3084
EURUSD LOOKS UPWARD
TREND : BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0004(BULLISH SIGNAL)
RSI => 65(BULLISH SIGNAL)
HOURLY EURUSD CHART
HOURLY USDJPY CHART
ANALYSIS
OPEN: 97.86
HIGH: 97.97
LOW: 97.35
CLOSE: 97.84
USDJPY LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD => 0.06( BULLISH SIGNAL)
RSI =>45(BULLISH SIGNAL)
HOURLY USDJPY CHART
HOURLY GBPUSD CHART
ANALYSIS
OPEN: 1.5489
HIGH: 1.5546
LOW: 1.5478
CLOSE: 1.5537
GBPUSD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD => .001( BEARISH SIGNAL)
RSI => 70(BEARISH SIGNAL)
HOURLY GBPUSD CHART
ANALYSIS
OPEN: 0.8419
HIGH: 0.8433
LOW: 0.8405
CLOSE: 0.8423
EURGBP LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>-.003(BULLISH SIGNAL)
RSI =>52(BULLISH SIGNAL)
HOURLY EURGBP CHART
www.epicresearch.co + 91 9752199966
HOURLY USDINDEX CHART
ANALYSIS
OPEN: 82.4750
HIGH: 82.4750
LOW: 82.1130
CLOSE: 82.1670
USDINDEX LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>0.22(BEARISH SIGNAL)
RSI =>39(BEARISH SIGNAL)
Date Time Currency Event Importance Actual Forecast Previous Notes
Sun Apr 28
23:01
GBP Hometrack Housing Survey (MoM) (APR)
Low 0.3%
0.3%
23:01
GBP Hometrack Housing Survey (YoY) (APR)
Low 0.2%
0.0%
23:01
GBP Lloyds Business Barometer (APR)
Low 27
20
Mon
Apr 29
CNY Leading Index (MAR)
Medium
100.23
09:00
EUR Euro-Zone Business Climate Indicator (APR)
Medium -0.93 -0.91 -0.75
09:00
EUR Euro-Zone Consumer Confidence (APR F)
Medium -22.3 -22.3 -22.3
09:00
EUR Euro-Zone Economic Confidence (APR)
Low 88.6 89.3 90.1
09:00
EUR Euro-Zone Industrial Confidence (APR)
Low -13.8 -13.5 -12.3
09:00
EUR Euro-Zone Services Confidence (APR)
Low -11.1 -7.1 -7.0
09:00
EUR Italy to Sell 5 and 10-Year Bonds
Low
10:30
EUR EU's Task Force for Greece Releases Quarterly Report
Medium
12:00
EUR German Consumer Price Index - EU Harmonised (YoY) (APR P)
High
1.7% 1.8%
12:00
EUR German Consumer Price Index (YoY) (APR P)
High
1.4% 1.4%
12:00
EUR German Consumer Price Index - EU Harmonised (MoM) (APR P)
Medium
-0.1% 0.4%
12:00
EUR German Consumer Price Index (MoM) (APR P)
Medium
-0.2% 0.5%
12:30
USD Personal Consumption Expenditure Core (YoY) (MAR)
High
1.2% 1.3%
12:30
USD Personal Consumption Expenditure Core (MoM) (MAR)
Medium
0.1% 0.1%
ECONOMIC CALENDER
12:30
USD Personal Income (MAR)
Medium
0.4% 1.1%
12:30
USD Personal Spending (MAR)
Medium
0.0% 0.7%
12:30
USD Personal Consumption Expenditure Deflator (MoM) (MAR)
Low
-0.1% 0.4%
12:30
USD Personal Consumption Expenditure Deflator (YoY) (MAR)
Low
1.0% 1.3%
14:00
USD Pending Home Sales (YoY) (MAR)
Medium
6.1% 5.0%
14:00
USD Pending Home Sales (MoM) (MAR)
Low
1.0% -0.4%
14:30
USD Dallas Fed Manufacturing Activity (APR)
Low
5.0 7.4
22:45
NZD Building Permits (MoM) (MAR)
Low
2.0% 1.9%
23:01
GBP GfK Consumer Confidence Survey (APR)
Medium
-26.0 -26.0
23:30
JPY Household Spending (YoY) (MAR)
Medium
1.6% 0.8%
23:30
JPY Jobless Rate (MAR)
Medium
4.2% 4.3%
23:50
JPY Industrial Production (YoY) (MAR P)
Medium
-7.2% -10.5%
23:50
JPY Large Retailers' Sales (MAR)
Medium
1.8% -3.7%
23:50
JPY Retail Trade (YoY) (MAR)
Medium
0.4% -2.2%
23:50
JPY Industrial Production (MoM) (MAR P)
Low
0.4% 0.6%
23:50
JPY Retail Trade s.a. (MoM) (MAR)
Low
-0.8% 1.7%
Tue
Apr 30 01:00
NZD NBNZ Business Confidence (APR)
Medium
34.6
01:00
NZD ANZ Activity Outlook (APR)
Low
32.4
01:30
AUD Private Sector Credit (MoM) (MAR)
Medium
0.3% 0.2%
01:30
AUD Private Sector Credit (YoY) (MAR)
Medium
3.1% 3.4%
03:00
NZD Money Supply M3 (YoY) (MAR)
Low
6.6%
04:00
JPY Vehicle Production (YoY) (MAR)
Low
-15.1%
05:00
JPY Annualized Housing Starts (MAR)
Medium
0.890M 0.944M
05:00
JPY Housing Starts (YoY) (MAR)
Medium
6.0% 3.0%
05:00
JPY Construction Orders (YoY) (MAR)
Low
16.3%
06:00
EUR German GfK Consumer Confidence Survey (MAY)
Medium
5.9 5.9
06:00
EUR German Retail Sales (YoY) (MAR)
Medium
-1.2% -2.2%
06:00
EUR German Retail Sales (MoM) (MAR)
Low
-0.3% -0.3%
07:55
EUR German Unemployment Change (APR)
High
2K 13K
07:55
EUR German Unemployment Rate s.a. (APR)
Medium
6.9% 6.9%
08:00
EUR Italian Unemployment Rate (SA) (MAR P)
Medium
11.7% 11.6%
08:30
GBP Net Consumer Credit (MAR)
Medium
0.5B 0.6B
08:30
GBP Net Lending Sec. on Dwellings (MAR)
Medium
0.6B 0.9B
08:30
GBP M4 Ex IOFCs 3M Annualised (MAR)
Low
3.1% 3.1%
08:30
GBP M4 Money Supply (MoM) (MAR)
Low
-0.5%
08:30
GBP M4 Money Supply (YoY) (MAR)
Low
0.5%
08:30
GBP Mortgage Approvals (MAR)
Low
52.7K 51.7K
09:00
EUR Euro-Zone Unemployment Rate (MAR)
High
12.1% 12.0%
09:00
EUR Euro-Zone Consumer Price Index Estimate (YoY) (APR)
Medium
1.6% 1.7%
12:30
CAD Gross Domestic Product (YoY) (FEB)
High
1.3% 1.0%
12:30
CAD Gross Domestic Product (MoM) (FEB)
Medium
0.2% 0.2%
12:30
CAD Industrial Product Price (MoM) (MAR)
Low
0.0% 1.4%
12:30
CAD Raw Materials Price Index (MoM) (MAR)
Low
0.5% 2.2%
12:30
USD Employment Cost Index (1Q)
Low
0.5% 0.4%
13:00
USD NAPM-Milwaukee (APR)
Low
51.50 50.98
13:00
USD S&P/CS 20 City s.a. (MoM) (FEB)
Low
0.8% 1.02%
13:00
USD S&P/Case-Shiller Composite-20 (YoY) (FEB)
Low
9.0% 8.1%
13:00
USD S&P/Case-Shiller Home Price Index (FEB)
Low
146.43 146.14
13:45
USD Chicago Purchasing Manager (APR)
Medium
52.6 52.4
14:00
USD Consumer Confidence (APR)
High
61.0 59.7
23:30
AUD AiG Performance of Manufacturing Index (APR)
Medium
44.4
Wed May 1
00:00
AUD RPData-Rismark House PX Actual (APR)
Low
1.3%
01:00
CNY Manufacturing PMI (APR)
High
50.7 50.9
01:00
AUD HIA New Home Sales (MoM) (MAR)
Medium
-5.3%
01:30
JPY Labor Cash Earnings (YoY) (MAR)
Medium
-1.2% -0.7%
05:00
JPY Vehicle Sales (YoY) (APR)
Low
-15.6%
06:00
GBP Nationwide House Prices n.s.a. (YoY) (APR)
Medium
1.3% 0.8%
06:00
GBP Nationwide House Prices s.a. (MoM) (APR)
Low
0.3% 0.0%
06:30
AUD RBA Commodity Index SDR (YoY) (APR)
Low
-7.5%
06:30
AUD RBA Commodity Price Index (APR)
Low
87.9
08:30
GBP Purchasing Manager Index Manufacturing (APR)
Medium
48.5 48.3
11:00
USD MBA Mortgage Applications (APR 26)
Low
0.2%
12:15
USD ADP Employment Change (APR)
Medium
158K
12:58
USD Markit US PMI Final (APR)
Low
14:00
USD ISM Manufacturing (APR)
High
51.3
14:00
USD Construction Spending (MoM) (MAR)
Medium
1.2%
14:00
USD ISM Prices Paid (APR)
Medium
54.5
14:30
USD DOE Cushing OK Crude Inventory (ARP 26)
Low
35K
14:30
USD DOE U.S. Crude Oil Inventories (ARP 26)
Low
947K
14:30
USD DOE U.S. Distillate Inventory (ARP 26)
Low
97K
14:30
USD DOE U.S. Gasoline Inventories (ARP 26)
Low
-3928K
18:00
USD Federal Open Market Committee Rate Decision (MAY 1)
High
0.25% 0.25%
18:00
USD Federal Reserve FOMC Meeting (MAY 1)
High
21:00
USD Domestic Vehicle Sales (APR)
Low
12.00M 12.00M
21:00
USD Total Vehicle Sales (APR)
Low
15.30M 15.22M
23:50
JPY Foreign Buying Japan Bonds (Yen) (ARP 26)
Low
-¥199.3B
23:50
JPY Foreign Buying Japan Stocks (Yen) (ARP 26)
Low
-¥27.9B
23:50
JPY Japan Buying Foreign Bonds (Yen) (ARP 26)
Low
-¥862.6B
23:50
JPY Japan Buying Foreign Stocks (Yen) (ARP 26)
Low
-¥27.8B
23:50
JPY Monetary Base (YoY) (APR)
Low
Thu May 2
GBP Halifax House Price (3MoY) (APR)
Low
1.1%
GBP Halifax Plc House Prices s.a. (MoM) (APR)
Low
0.2%
JPY Official Reserve Assets (APR)
Low
$1254.4B
01:00
NZD ANZ Commodity Price (APR)
Low
7.4%
01:30
AUD Building Approvals (MoM) (MAR)
Low
1.3% 3.1%
01:30
AUD Building Approvals (YoY) (MAR)
Low
13.6% 12.8%
01:30
AUD Export Price Index (QoQ) (1Q)
Low
4.5% -2.4%
01:30
AUD Import Price Index (QoQ) (1Q)
Low
-0.5% 0.3%
01:45
CNY HSBC Manufacturing PMI (APR)
Medium
50.6 51.6
07:30
CHF SVME-Purchasing Managers Index (APR)
Medium
49.0 48.3
07:45
EUR Italian Purchasing Manager Index Manufacturing (APR)
Medium
44.8 44.5
07:50
EUR French Purchasing Manager Index Manufacturing (APR F)
Medium
44.4 44.4
07:55
EUR German Purchasing Manager Index Manufacturing (APR F)
Medium
47.9 47.9
08:00
EUR Euro-Zone Purchasing Manager Index Manufacturing (APR F)
Medium
46.5 46.5
08:30
GBP Purchasing Manager Index Construction (APR)
Medium
48.0 47.2
11:30
USD Challenger Job Cuts (YoY) (APR)
Low
30.0%
11:30
USD RBC Consumer Outlook Index (MAY)
Low
50.3
11:45
EUR European Central Bank Rate Decision (MAY 2)
High
0.50% 0.75%
11:45
EUR European Central Bank Deposit Facility Rate (MAY 2)
Medium
0.0% 0.0%
12:30
USD Initial Jobless Claims (ARP 26)
Medium
345K 339K
12:30
USD Trade Balance (MAR)
Medium
-$42.0B -$43.0B
12:30
CAD International Merchandise Trade (Canadian dollar) (MAR)
Low
-0.70B -1.02B
12:30
USD Continuing Claims (APR 20)
Low
3000K
12:30
USD Non-Farm Productivity (1Q P)
Low
1.8% -1.9%
12:30
USD Unit Labor Costs (1Q P)
Low
0.0% 4.6%
13:45
USD ISM New York (APR)
Low
51.2
14:30
USD EIA Natural Gas Storage Change (ARP 26)
Low
30.0
23:30
AUD AiG Performance of Service Index (APR)
Medium
49.6
Fri May 3
01:00
CNY Non-manufacturing PMI (APR)
Medium
55.6
01:30
AUD Producer Price Index (QoQ) (1Q)
Medium
0.2%
01:30
AUD Producer Price Index (YoY) (1Q)
Medium
1.0%
06:00
CHF UBS Real Estate Bubble Index (1Q)
Medium
1.11
08:30
GBP Purchasing Manager Index Services (APR)
Medium
52.3 52.4
08:30
GBP Official Reserves (Changes) (APR)
Low
$202M
09:00
EUR Euro-Zone Producer Price Index (YoY) (MAR)
High
0.6% 1.3%
09:00
EUR Euro-Zone Producer Price Index (MoM) (MAR)
Medium
-0.2% 0.2%
12:30
USD Change in Non-farm Payrolls (APR)
High
88K
12:30
USD Unemployment Rate (APR)
High
7.6% 7.6%
12:30
USD Average Hourly Earning All Employees (MoM) (APR)
Medium
0.2% 0.0%
12:30
USD Average Hourly Earning All Employees (YoY) (APR)
Medium
1.9% 1.8%
12:30
USD Change in Private Payrolls (APR)
Medium
170K 95K
12:30
USD Average Weekly Hours All Employees (APR)
Low
34.6 34.6
12:30
USD Change in Household Employment (APR)
Low
-206
12:30
USD Change in Manufacturing Payrolls (APR)
Low
5K -3K
12:30
USD Two-Month Payroll Net Revision (APR)
Low
12:30
USD Underemployment Rate (U6) (APR)
Low
13.8%
14:00
USD Factory Orders (MAR)
Medium
-2.4% 3.0%
14:00
USD ISM Non-Manufacutring Composite (APR)
Medium
54.0 54.4
16:45
USD Fed's Lacker Speaks on the Economy in Virginia
Low
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.
www.epicresearch.co + 91 9752199966