Daily i-forex-report-1 by epic research 03.05.13
17
DAILY I FOREX REPORT 3 RD MAY 2013 WWW.EPICRESEARCH.CO +91 9752199966
-
Upload
epic-daily-report -
Category
Automotive
-
view
365 -
download
1
description
Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Currency Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, NSE Tips, BSE Tips, COMEX Tips, PCG Pack NCDEX Tips and Free Stock Tips. We provide services in equity, commodity and Forex market.
Transcript of Daily i-forex-report-1 by epic research 03.05.13
WWW.EPICRESEARCH.CO +91 9752199966
EUR/USD And EURJPY Ready As Economists Expect ECB Rate Cut
US Dollar Clings To Support As S&P 500 Fails At 1600 Again
Euro Rises on an Upward Revision of the PMI for Manufacturing
Euro Downside May Be Limited Even if ECB Opts to Cut Rates
The European Central Bank is in the spotlight as Mario Draghi and company deliver their monthly monetary policy announcement amid widespread speculation about a 25bps interest rate cut to address the region’s deepening recession. However, the negative impact of such a move on the Euro is likely to be limited unless it is accompanied with the introduction of non-standard easing efforts.
The market rate to borrow Euros overnight has averaged around 0.1 percent over the past 12 months. That means cutting the ECB benchmark lending rate from 0.75 to 0.5 percent would be essentially moot in terms of lowering regional borrowing costs. Meanwhile, a Bloomberg index tracking Eurozone financial conditions has shown slow deterioration since late January, underscoring the inability of low rates by themselves to secure a supportive funding environment.
TRADING TIPS
BUY EURUSD ABOVE
1.3180 tgs 1.3200/1.3220
sl 1.3150
BUY USDJPY ABOVE 97.40
tgt 97.60/97.80 SL 97.10
BUY GBPUSD ABOVE
1.5585 Tgt 1.5605/1.5615
SL 1.5555
HEADLINES
HOURLY EURUSD CHART
HOURLY EURUSD CHART
ANALYSIS
OPEN: 1.3176 EURUSD LOOKS UPWARD
HIGH: 1.3181 TREND: BULLISH
LOW: 1.3159 STRATEGY: BUY ON DIPS
CLOSE: 1.3177 MACD =>.0003(BULLISH SIGNAL)
RSI => 47(BULLISH SIGNAL)
HOURLY USDJPY CHART
ANALYSIS
OPEN: 97.24 USDJPY LOOKS UPWARD
HIGH: 97.36 TREND: BULLISH
LOW: 97.22 STRATEGY: BUY ON DIPS
CLOSE: 97.33 MACD =>.0001(BULLISH SIGNAL)
RSI => 52(BULLISH SIGNAL)
www.epicresearch.co + 91 9752199966
HOURLY GBPUSD CHART
ANALYSIS
OPEN: 1.5572 GBPUSD LOOKS UPWARD
HIGH: 1.5586 TREND: BULLISH
LOW: 1.5568 STRATEGY: SELL ON DIPS
CLOSE: 1.5582 MACD =>.0001(BULLISH SIGNAL)
RSI => 45(BULLISH SIGNAL)
HOURLY EURGBP CHART
ANALYSIS
OPEN: 00.8456 EURGBP LOOKS UPWARD
HIGH: 00.8458 TREND: BULLISH
LOW: 00.8447 STRATEGY: BUY ON DIPS
CLOSE: 00.8455 MACD =>.0002(BULLISH SIGNAL)
RSI => 37(BULLISH SIGNAL)
www.epicresearch.co + 91 9752199966
HOURLY USD INDEX CHART
ANALYSIS
OPEN: 81.6780 EURUSD LOOKS DOWNWARD
HIGH: 81.7040 TREND: BEARISH
LOW: 81.6170 STRATEGY: SELL ON RISE
CLOSE: 81.6260 MACD =>.0151(BEARISH SIGNAL)
RSI => 48(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
12:25
EUR German Consumer Price Index - EU Harmonised (YoY) (APR P)
High 1.1% 1.7% 1.8%
12:25
EUR German Consumer Price Index (YoY) (APR P)
High 1.2% 1.4% 1.4%
12:25
EUR German Consumer Price Index - EU Harmonised (MoM) (APR P)
Medium -0.5% -0.1% 0.4%
12:25
EUR German Consumer Price Index (MoM) (APR P)
Medium -0.5% -0.2% 0.5%
12:30
USD Personal Consumption Expenditure Core (YoY) (MAR)
High 1.1% 1.2% 1.3%
12:30
USD Personal Consumption Expenditure Core (MoM) (MAR)
Medium 0.0% 0.1% 0.1%
ECONOMIC CALLENDER
12:30
USD Personal Income (MAR)
Medium 0.2% 0.4% 1.1%
12:30
USD Personal Spending (MAR)
Medium 0.2% 0.0% 0.7%
12:30
USD Personal Consumption Expenditure Deflator (MoM) (MAR)
Low -0.1% -0.1% 0.4%
12:30
USD Personal Consumption Expenditure Deflator (YoY) (MAR)
Low 1.0% 1.0% 1.3%
14:00
USD Pending Home Sales (YoY) (MAR)
Medium 5.8% 6.1% 4.3%
14:00
USD Pending Home Sales (MoM) (MAR)
Low 1.5% 1.0% -1.0%
14:30
USD Dallas Fed Manufacturing Activity (APR)
Low -15.6 5.0 7.4
22:45
NZD Building Permits (MoM) (MAR)
Low -9.1% 2.0% 4.4%
23:01
GBP GfK Consumer Confidence Survey (APR)
Medium -27 -26 -26
23:30
JPY Household Spending (YoY) (MAR)
Medium 5.2% 1.6% 0.8%
23:30
JPY Jobless Rate (MAR)
Medium 4.1% 4.2% 4.3%
23:50
JPY Industrial Production (YoY) (MAR P)
Medium -7.3% -7.2% -10.5%
23:50
JPY Large Retailers' Sales (MAR)
Medium 2.4% 1.8% -3.7%
23:50
JPY Retail Trade (YoY) (MAR)
Medium -0.3% 0.4% -2.2%
23:50
JPY Industrial Production (MoM) (MAR P)
Low 0.2% 0.4% 0.6%
23:50
JPY Retail Trade s.a. (MoM) (MAR)
Low -1.4% -0.8% 1.7%
Tue
Apr 30 01:00
NZD NBNZ Business Confidence (APR)
Medium 32.3
34.6
01:00
NZD ANZ Activity Outlook (APR)
Low 30.3
32.4
01:30
AUD Private Sector Credit (MoM) (MAR)
Medium 0.2% 0.3% 0.2%
01:30
AUD Private Sector Credit (YoY) (MAR)
Medium 3.2% 3.2% 3.4%
03:00
NZD Money Supply M3 (YoY) (MAR)
Low 7.0%
6.6%
04:00
JPY Vehicle Production (YoY) (MAR)
Low -16.4%
-15.1%
05:00
JPY Annualized Housing Starts (MAR)
Medium 0.904M 0.890M 0.944M
05:00
JPY Housing Starts (YoY) (MAR)
Medium 7.3% 6.0% 3.0%
05:00
JPY Construction Orders (YoY) (MAR)
Low -3.4%
16.3%
06:00
EUR German GfK Consumer Confidence Survey (MAY)
Medium 6.2 5.9 6.0
06:00
EUR German Retail Sales (YoY) (MAR)
Medium -2.8% -1.2% -2.6%
06:00
EUR German Retail Sales (MoM) (MAR)
Low -0.3% -0.3% -0.6%
07:00
EUR Cyprus Parliament Vote on Bailout Deal
Medium
07:00
CHF SNB Releases Q1 Currency Holdings
Low
07:55
EUR German Unemployment Change (APR)
High 4K 2K 12K
07:55
EUR German Unemployment Rate s.a. (APR)
Medium 6.9% 6.9% 6.9%
08:00
EUR Italian Unemployment Rate (SA) (MAR P)
Medium 11.5% 11.7% 11.5%
08:30
GBP Net Consumer Credit (MAR)
Medium 0.5B 0.5B 0.5B
08:30
GBP Net Lending Sec. on Dwellings (MAR)
Medium 0.4B 0.6B 0.8B
08:30
GBP M4 Ex IOFCs 3M Annualised (MAR)
Low 4.6% 3.1% 3.2%
08:30
GBP M4 Money Supply (MoM) (MAR)
Low -0.9%
-0.5%
08:30
GBP M4 Money Supply (YoY) (MAR)
Low 0.3%
0.6%
08:30
GBP Mortgage Approvals (MAR)
Low 53.5K 52.7K 51.9K
09:00
EUR Euro-Zone Consumer Price Index Estimate (YoY) (APR)
High 1.2% 1.6% 1.7%
09:00
EUR Euro-Zone Unemployment Rate (MAR)
High 12.1% 12.1% 12.0%
12:30
CAD Gross Domestic Product (YoY) (FEB)
High 1.7% 1.3% 1.1%
12:30
CAD Gross Domestic Product (MoM) (FEB)
Medium 0.3% 0.2% 0.3%
12:30
CAD Industrial Product Price (MoM) (MAR)
Low 0.1% 0.0% 1.3%
12:30
CAD Raw Materials Price Index (MoM)
Low -1.7% 0.5% 2.2%
(MAR)
12:30
USD Employment Cost Index (1Q)
Low 0.3% 0.5% 0.4%
13:00
USD NAPM-Milwaukee (APR)
Low 48.43 51.50 50.98
13:00
USD S&P/CS 20 City s.a. (MoM) (FEB)
Low 1.24% 0.90% 1.00%
13:00
USD S&P/Case-Shiller Composite-20 (YoY) (FEB)
Low 9.3% 9.0% 8.1%
13:00
USD S&P/Case-Shiller Home Price Index (FEB)
Low 146.57 146.43 146.14
13:45
USD Chicago Purchasing Manager (APR)
Medium 49.0 52.5 52.4
14:00
USD Consumer Confidence (APR)
High 68.1 61.0 61.9
23:30
AUD AiG Performance of Manufacturing Index (APR)
Medium 36.7
44.4
Wed May 1
00:00
AUD RPData-Rismark House PX Actual (APR)
Low -0.5%
1.3%
01:00
CNY Manufacturing PMI (APR)
High 50.6 50.7 50.9
01:00
AUD HIA New Home Sales (MoM) (MAR)
Medium 4.2%
-5.3%
01:30
JPY Labor Cash Earnings (YoY) (MAR)
Medium -0.6% -1.2% -0.8%
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
150K 158K
12:58
USD Markit US PMI Final (APR)
Low
52.0
14:00
USD ISM Manufacturing (APR)
High
50.6 51.3
14:00
USD Construction Spending (MoM) (MAR)
Medium
0.6% 1.2%
14:00
USD ISM Prices Paid (APR)
Medium
52.6 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
1100K 947K
14:30
USD DOE U.S. Distillate Inventory (ARP 26)
Low
250K 97K
14:30
USD DOE U.S. Gasoline Inventories (ARP 26)
Low
-900K -3928K
18:00
USD Federal Open Market Committee Rate Decision (MAY 1)
High
0.25% 0.25%
18:00
LIVE
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
15.22M 15.22M
23:50
JPY Monetary Base (YoY) (APR)
Low
19.8%
Thu
May 2
GBP Halifax House Price (3MoY) (APR)
Low
1.3%
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
1.0% 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
45.0 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
LIVE
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
-$42.3B -$43.0B
12:30
CAD International Merchandise Trade (Canadian dollar) (MAR)
Low
-0.70B -1.02B
12:30
USD Continuing Claims (APR 20)
Low
3030K 3000K
12:30
USD Non-Farm Productivity (1Q P)
Low
1.0% -1.9%
12:30
USD Unit Labor Costs (1Q P)
Low
0.7% 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
52.4 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
LIVE
USD Change in Non-farm Payrolls (APR)
High
150K 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
160K 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
-3.0% 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
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.
