daily-i-forex-report-1 by epic research 10 june 2013

7/28/2019 Daily-i-Forex-report-1 by Epic Research 10 June 2013

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DAILY I FOREX REPORT10TH JUN 2013

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2/16

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Euros Recent Gains InQuestion Amid SoftEconomic Docket

Japanese Yen Remains InSpotlight Ahead Of KeyBank Of Japan DecisionWeekly Forex Trading Forecast - Markets Setto Catch Their Breath

US Dollar Set to Recover as Markets Catch TheirBreath

The Dollar went from best-to-worst in a hurry as asubstantial Yen surge put it to its worst weekly declinesince 2011. But a calm in market conditions couldbring short-term relief.

Euros Recent Gains in Question amid Softer EconomicDocket

The weak performance against the CHF and the JPY

raises concerns about further gains for the Euro. Theeconomic docket is light, and volatility is likely goingforward irrespective.

Will the BoJ Rate Decision Halt the Japanese YenCorrection?

The Japanese Yen gained ground ahead of the Bank ofJapan (BoJ) interest rate decision, with the USDJPYtumbling to a fresh monthly low of 94.97, and the near-term correction may continue to take shape in theweek ahead should the central bank sticks to the

sidelines.

Australian Dollar Still Vulnerable But Reversal RiskMounting

The Australian Dollar remains vulnerable to an adversshift in monetary policy expectations but extremepositioning leaves the risk of a reversal elevated.

TRADING TIPSBUY EURUSD ABOVE

1.3285 TGT 1.3305/1.3325

SL 1.3255

SELL USDJPY BELOW 95.00

TGT 95.20/95.40 SL 94.70

BUY GBPUSD ABOVE

1.5620 TGT 1.5640/1.5660

SL 1.5590

HEADLINES


3/16

HOURLY EURUSD CHARTHOURLY EURUSD CHART

ANALYSIS

OPEN: 1.3242 EURUSD LOOKS UPWARD

HIGH: 1.3282 TREND: BULLISH

LOW: 1.3191 STRATEGY: BUY ON DIPS

CLOSE: 1.3218 MACD =>.0007(BULLISH SIGNAL)

RSI => 49(BULLISH SIGNAL)


4/16

HOURLY USDJPY CHART

ANALYSIS

OPEN: 97.36 USDJPY LOOKS DOWNWARD

HIGH: 97.79 TREND: BEARISHLOW: 95.00 STRATEGY: SELL ON RISE

CLOSE: 97.56 MACD =>.04(BWARI SIGNAL)

RSI => 55(BEARI SIGNAL)


5/16www.epicresearch.co + 91 7316642300

HOURLY GBPUSD CHART

ANALYSIS

OPEN: 1.5600 GBPUSD LOOKS UPWARD

HIGH: 1.5617 TREND: BULLISH

LOW: 1.5488 STRATEGY: BUY ON DIPS

CLOSE: 1.5557 MACD =>-.000(BULLISH SIGNAL)

RSI => 54(BULLISH SIGNAL)


6/16

HOURLY EURGBP CHART

ANALYSIS

OPEN: 00.8488 EURGBP LOOKS DOWNWARD

HIGH: 00.8527 TREND: BEARISH

LOW: 00.8482 STRATEGY: SELL ON RISE

CLOSE: 00.8494 MACD =>.00005(BEARISH SIGNAL)

RSI =>44(BEARISH SIGNAL)


7/16

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HOURLY USD INDEX CHART

ANALYSIS

OPEN: 81.5440 USDINDEX LOOKS DOWNWARD

HIGH: 81.8470 TREND: BEARISH

LOW: 81.0900 STRATEGY: SELL ON RISE

CLOSE: 81.6880 MACD =>.0291(BEARISH SIGNAL)

RSI => 33(BEARISH SIGNAL)


8/16

Date Time Currency Event Importance Actual Forecast Previous N

Sun

Jun 218:00

USD Fed's BernankeGives GraduationSpeech at PrincetonUniversity

Low

23:30AUD AiG Performanceof Manufacturing Index(MAY)

Medium 43.8 36.7

23:50JPY Capital Spending(1Q)

Medium -3.9% -5.5% -8.7%

23:50JPY Capital Spendingexcl Software (1Q)

Medium -5.2% -5.4% -7.2%

Mon

Jun 3 00:00

AUD RPData-Rismark

House PX Actual(MAY)Low -1.2% -0.5%

00:30AUD TD SecuritiesInflation (MoM) (MAY)

Low 0.2% 0.3%

00:30AUD TD SecuritiesInflation (YoY) (MAY)

Low 2.2% 2.1%

01:00CNY Non-manufacturing PMI(MAY)

Medium 54.3 54.5

01:30AUD ANZ JobAdvertisements (MoM)(MAY)

Low -2.4% -1.7%

01:30AUD Retail Sales s.a.(MoM) (APR)

Medium 0.2% 0.3% -0.4%

01:30AUD CompanyOperating Profit (QoQ)(1Q)

Low 3.0% 1.5% -0.5%

01:30 AUD Inventories (1Q) Low -0.6% 0.0% 0.2%

01:45CNY HSBCManufacturing PMI(MAY)

Medium 49.2 49.6 50.4

01:50

USD Fed's Yellen

Speaks on Regulationin ShanghaiLow

05:00JPY Vehicle Sales(YoY) (MAY)

Low -7.3% 2.0%

06:30AUD RBA CommodityPrice Index (MAY)

Low 87.0 85.5

06:30AUD RBA CommodityIndex SDR (YoY)(MAY)

Low -8.6% -7.3%

07:30CHF SVME-PurchasingManagers Index (MAY)

Medium 52.2 50.8 50.2

ECONOMIC CALLENDER


9/16

07:45EUR Italian PurchasingManager IndexManufacturing (MAY)

Low 47.3 46.2 45.5

07:50

EUR FrenchPurchasing ManagerIndex Manufacturing(MAY F)

Low 46.4 45.5 45.5

07:55

EUR GermanPurchasing ManagerIndex Manufacturing

(MAY F)

Medium 49.4 49.0 49.0

08:00

EUR Euro-ZonePurchasing ManagerIndex Manufacturing(MAY F)

Medium 48.3 47.8 47.8

08:30GBP PurchasingManager IndexManufacturing (MAY)

Medium 51.3 50.3 50.2

11:20USD Fed's WilliamsSpeaks in Stockholm

Low

12:58USD Markit US PMIFinal (MAY)

Low 52.0 52.0

14:00USD ConstructionSpending (MoM) (APR)

Medium 0.9% -1.7%

14:00USD ISMManufacturing (MAY)

High 50.7 50.7

14:00USD ISM Prices Paid(MAY)

Medium 49.5 50

14:00USD Revisions toConstruction data backto Jan. 2011

Low

21:00USD Total Vehicle

Sales (MAY)

Low 15.10M 14.88M

21:00USD Domestic VehicleSales (MAY)

Low 11.95M 11.76M

23:01GBP BRC Sales Like-For-Like (MAY)

Low 1.3% -2.2%

23:50JPY Monetary Base(YoY) (MAY)

Low 23.1%

23:50JPY Monetary BaseEnd of period (MAY)

Low 155.3T

Tue

Jun 4

GBP Halifax Plc House

Prices s.a. (MoM)(MAY)

Low 0.3% 1.1%

GBP Halifax HousePrice (3MoY) (MAY)

Low 2.5% 2.0%

01:30AUD Current AccountBalance (AustralianDollar) (1Q)

Medium -9000M -14678M

01:30AUD Australia NetExports of GDP (1Q)

Low 0.8 0.6

01:30JPY Labor CashEarnings (YoY) (APR)

Medium -0.6%


10/16

04:30LIVE

AUD Reserve Bank ofAustralia Rate Decision(JUN 4)

High 2.75% 2.75%

08:30GBP PurchasingManager IndexConstruction (MAY)

Medium 49.6 49.4

09:00EUR Euro-ZoneProducer Price Index(MoM) (APR)

Low -0.2% -0.2%

09:00 EUR Euro-ZoneProducer Price Index(YoY) (APR)

Medium 0.3% 0.7%

12:30

CAD InternationalMerchandise Trade(Canadian dollar)(APR)

Low -0.60B 0.02B

12:30USD Annual Revisionsof the InternationalTrade Report

Low

12:30USD Trade Balance(APR)

Medium -$41.0B -$38.8B

13:45 USD ISM New York(MAY)Low 58.3

14:00USD IBD/TIPPEconomic Optimism(JUN)

Low 50 45.1

17:30USD Fed's GeorgeSpeaks on Economy inNew Mexico

Low

22:45NZD Value of AllBuildings s.a. (1Q)

Low 1.8%

23:01GBP BRC Shop PriceIndex (MAY)

Low 0.4%

23:30AUD AiG Performanceof Service Index (MAY)

Medium 44.1

Wed

Jun 500:00

USD Fed's FisherSpeaks on MonetaryPolicy in Toronto

Low

01:00NZD ANZ CommodityPrice (MAY)

Low 12.6%

01:30AUD Gross DomesticProduct (QoQ) (1Q)

Medium 0.8% 0.6%

01:30AUD Gross Domestic

Product (YoY) (1Q)

High 2.7% 3.1%

01:45CNY HSBC ServicesPMI (MAY)

Medium 51.1

07:45EUR Italian PurchasingManager IndexServices (MAY)

Low 47.5 47

07:50EUR FrenchPurchasing ManagerIndex Services (MAY F)

Low 44.3 44.3

07:55EUR GermanPurchasing ManagerIndex Services (MAY F)

Medium 49.8 49.8


11/16

08:00EUR Euro-ZonePurchasing ManagerIndex Services (MAY F)

Medium 47.5 47.5

08:00

EUR Euro-ZonePurchasing ManagerIndex Composite (MAYF)

Medium 47.7

08:30GBP PurchasingManager IndexServices (MAY)

Medium 53.2 52.9

08:30GBP Official Reserves(Changes) (MAY)

Low -$1149M

09:00EUR Euro-Zone GrossDomestic Product s.a.(QoQ) (1Q P)

High -0.2% -0.2%

09:00EUR Euro-Zone GrossDomestic Product s.a.(YoY) (1Q P)

High -1.0% -1.0%

09:00

EUR Euro-ZoneHouseholdConsumption (QoQ)(1Q P)

Low -0.4%

09:00EUR Euro-Zone GrossFixed Capital (QoQ)(1Q P)

Low -1.1%

09:00

EUR Euro-ZoneGovernmentExpenditure (QoQ) (1QP)

Low -0.1%

09:00EUR Euro-Zone RetailSales (MoM) (APR)

Low -0.2% -0.1%

09:00EUR Euro-Zone RetailSales (YoY) (APR)

Medium -0.6% -2.4%

11:00 USD MBA MortgageApplications (MAY 31)

Low -8.8%

12:15USD ADP EmploymentChange (MAY)

Medium 170K 119K

12:30CAD Building Permits(MoM) (APR)

Medium -2.3% 8.6%

12:30USD Non-FarmProductivity (1Q F)

Low 0.7% 0.7%

12:30USD Unit Labor Costs(1Q F)

Low 0.5% 0.5%

14:00 USD Factory Orders(APR)

Medium 1.4% -4.0%

14:00LIVE

USD USD ISM Non-ManufacutringComposite (MAY)

Medium 53.5 53.1

14:30USD DOE U.S. CrudeOil Inventories (MAY31)

Low 3000K

14:30USD DOE Cushing OKCrude Inventory (MAY31)

Low 335K

14:30USD DOE U.S.

Gasoline Inventories

Low -1514K


12/16

(MAY 31)

14:30USD DOE U.S.Distillate Inventory(MAY 31)

Low 1851K

18:00USD US FederalReserve ReleasesBeige Book

Medium

23:50JPY Japan BuyingForeign Bonds (Yen)

(MAY 31)

Medium -1117.3B

23:50JPY Japan BuyingForeign Stocks (Yen)(MAY 31)

Medium -104.9B

23:50JPY Foreign BuyingJapan Bonds (Yen)(MAY 31)

Low -457.2B

23:50JPY Foreign BuyingJapan Stocks (Yen)(MAY 31)

Low 27.4B

Thu

Jun 601:30

AUD Trade Balance(Australian dollar)(APR)

Medium 180M 307M

02:00JPY Tokyo Avg OfficeVacancies (%) (MAY)

Low 8.54

05:30EUR French ILOUnemployment Rate(1Q)

Low 10.6%

07:15CHF Consumer PriceIndex (MoM) (MAY)

Low 0.1% 0.0%

07:15CHF Consumer PriceIndex (YoY) (MAY)

Medium -0.6% -0.6%

07:15CHF CPI - EUHarmonised (MoM)(MAY)

Low -0.1%

07:15CHF CPI - EUHarmonised (YoY)(MAY)

Medium -0.4%

08:30GBP LloydsEmploymentConfidence (MAY)

Low -41

10:00EUR German FactoryOrders s.a. (MoM)(APR)

Low -1.0% 2.2%

10:00EUR German FactoryOrders n.s.a. (YoY)

(APR)

Medium -0.2% -0.4%

11:00LIVE

GBP Bank of EnglandRate Decision (JUN 6)

High 0.50% 0.50%

11:00GBP BOE AssetPurchase Target (JUN)

High 375B 375B

11:30USD Challenger JobCuts (YoY) (MAY)

Low -6.0%

11:30USD RBC ConsumerOutlook Index (JUN)

Low 50.2

11:45LIVE

EUR European Central

Bank Rate Decision

High 0.50% 0.50%


13/16

(JUN 6)

11:45LIVE

EUR ECB DepositFacility Rate (JUN 6)

High 0.00% 0.00%

12:00USD Fed's PlosserSpeaks on Economy inBoston

Low

12:30USD Initial JoblessClaims (JUN 1)

Medium 345K 354K

12:30USD Continuing Claims(MAY 25)

Low 2986K

14:00CAD Ivey PurchasingManagers Index s.a.(MAY)

Medium 55 52.2

14:30USD EIA Natural GasStorage Change (MAY31)

Low 88

16:00USD HouseholdChange in Net Worth(1Q)

Low $1174B

23:30

AUD AiG Performance

of Construction Index(MAY)

Medium 35.2

23:50JPY Official Reserve

Assets (MAY)Low $1258.0B

Fri

Jun 7

GBP New CarRegistrations (YoY)(MAY)

Low 14.8%

05:00JPY Coincident Index(APR P)

Low 94.9 93.8

05:00JPY Leading Index(APR P)

Medium 98.6 97.9

06:00EUR German TradeBalance (euros) (APR)

Medium 17.0B 18.8B

06:00EUR German Current

Account (euros) (APR)Low 13.0B 20.2B

06:00EUR German Importss.a. (MoM) (APR)

Low 0.8%

06:00EUR German Exportss.a. (MoM) (APR)

Low -0.8% 0.5%

06:00EUR German LaborCosts Workday Adj

(YoY) (1Q)

Low 2.9%

06:00EUR German LaborCosts Seas. Adj. (QoQ)(1Q)

Low 0.8%

06:30AUD Foreign Reserves(Australian dollar)(MAY)

Low A$49.8B

07:00CHF Foreign CurrencyReserves (MAY)

Low 433.6B

08:30GBP Visible TradeBalance (Pounds)(APR)

Medium -8800 -9056


14/16

08:30GBP Trade BalanceNon EU (Pounds)(APR)

Medium -3700 -3470

08:30GBP Total TradeBalance (Pounds)(APR)

Medium -3000 -3130

10:00EUR German IndustrialProduction s.a. (MoM)(APR)

Low 0.3% 1.2%

10:00 EUR German IndustrialProduction n.s.a. andw.d.a. (YoY) (APR)

Medium -0.8% -2.5%

12:30LIVE

USD UnemploymentRate (MAY)

High 7.5% 7.5%

12:30LIVE

USD Change in Non-farm Payrolls (MAY)

High 168K 165K

12:30USD Change in PrivatePayrolls (MAY)

Medium 175K 176K

12:30USD Change inManufacturing Payrolls(MAY)

Low 3K 0K

12:30USD Change inHouseholdEmployment (MAY)

Low 293

12:30USD UnderemploymentRate (U6) (MAY)

Medium 13.9%

12:30USD Average HourlyEarning All Employees(MoM) (MAY)

Low 0.2% 0.2%

12:30USD Average HourlyEarning All Employees(YoY) (MAY)

Medium 2.1% 1.9%

12:30 USD Average WeeklyHours All Employees(MAY)

Low 34.5 34.4

12:30USD Two-MonthPayroll Net Revision(MAY)

Medium

12:30CAD UnemploymentRate (MAY)

High 7.1% 7.2%

12:30CAD Net Change inEmployment (MAY)

High 18.0K 12.5K

12:30CAD Full TimeEmployment Change

(MAY)

Medium 36

12:30CAD Part TimeEmployment Change(MAY)

Low -23.6

12:30CAD Participation Rate(MAY)

Low 66.5

12:30CAD Labor Productivity(QoQ) (1Q)

Low 0.1%

19:00USD Consumer Credit(APR)

Medium $14.000B $7.966B


15/16


16/16

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daily-i-forex-report-1 by epic research 10 june 2013

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