Daily i Forex Report 1 by EPIC RESEARCH 13.03.13

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  • 7/29/2019 Daily i Forex Report 1 by EPIC RESEARCH 13.03.13

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    13TH

    MARCH 2013

    WWW.EPICRESEARCH.CO +91 9752199966

    http://www.epicresearch.co/http://www.epicresearch.co/http://www.epicresearch.co/
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    WWW.EPICRESEARCH.CO +91 9752199966

    THE TAKEAWAY: UK industrial production declines1.2% in January -> Signs worsen for Q1 economic

    growth -> Pound sets a new 2.5-year low

    The British Pound set a new 2.5-year low as UK

    manufacturing production and industrial production

    disappointed expectations. Industrial production fell

    1.2% in January, worse than expectations for a 0.1%

    rise in production and down fromDecembers 1.1%rise. Industrial production fell 2.9% from January

    2012, according to the UK Office for National

    Statistics.

    TRADING TIPS

    BUY EURUSD ABOVE

    1.3035 tgs

    1.3055/1.3075 sl 1.3005

    BUY USDJPY ABOVE

    96.75 tgt 96.95/97.15

    SL 96.45

    SELL GBPUSD BELOW

    1.4830 tgt

    1.4810/1.4790 SL

    1.4860

    HEADLINES

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    HOURLY EURUSD CHART

    ANALYSIS

    OPEN: 1.3032

    HIGH: 1.3038

    LOW: 1.2991

    CLOSE: 1.3008

    EURUSD LOOKS UPWARD REVERSAL

    TREND : BULLISH

    STRATEGY: BUY ON DEEPS

    MACD =>-.000(BULLISH SIGNAL)

    RSI => 45(BULLISH SIGNAL)

    HOURLY EURUSD CHART

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    HOURLY USDJPY CHART

    ANALYSIS

    OPEN: 96.63

    HIGH: 96.69

    LOW: 95.64

    CLOSE: 95.76

    USDJPY LOOKS UPWARD

    TREND: BULLISH

    STRATEGY: BUY ON DEEPS MACD => -0.05( BULLISH SIGNAL)

    RSI =>30(BULLISH SIGNAL)

    HOURLY USDJPY CHART

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    HOURLY GBPUSD CHART

    ANALYSIS

    OPEN: 1.4904

    HIGH: 1.4916

    LOW: 1.4831

    CLOSE: 1.4855

    GBPUSD LOOKS DOWNWARD

    TREND: BEARISH

    STRATEGY: SELL ON RISE

    MACD => .002( BEARISH SIGNAL)

    RSI => 34(BEARIISH SIGNAL)

    HOURLY GBPUSD CHART

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    HOURLY EURGBP CHART

    ANALYSIS

    OPEN: 0.8743

    HIGH: 0.8777

    LOW: 0.8718

    CLOSE: 0.8757

    EURGBP LOOKS UPWARDS

    TREND: BULLISH

    STRATEGY: BUY ON DEEPS

    MACD =>-.003(BULLISH SIGNAL)

    RSI =>62(BULLISH SIGNAL)

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    HOURLY EURGBP CHART

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    HOURLY USDINDEX CHART

    ANALYSIS

    OPEN: 82.6740

    HIGH: 82.7910

    LOW: 82.6290

    CLOSE: 82.6990

    USDINDEX LOOKS UPWARD

    TREND: BULLISH

    STRATEGY: BUY ON DEEPS

    MACD =>0.79(BULLISH SIGNAL)

    RSI =>50(BULLISH SIGNAL)

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    Date Time Currency Event Importance Actual Forecast Previous N

    Mon

    Mar 11

    JPY JapaneseParliament May Voteon BoJ GovernorNominations

    High

    00:01GBP LloydsEmploymentConfidence (FEB)

    Low -44 -45

    06:00JPY Machine ToolOrders (YoY) (FEB P)

    Medium -21.5% -26.4%

    07:00EUR German TradeBalance (euros) (JAN)

    Medium 13.7B 13.9B 12.1B

    07:00EUR German CurrentAccount (euros) (JAN)

    Low 11.3B 10.5B 20.2B

    07:00EUR German Importss.a. (MoM) (JAN)

    Low 3.3% 0.7% -1.5%

    07:00EUR German Exportss.a. (MoM) (JAN)

    Low 1.4% 0.5% 0.2%

    07:00EUR German LaborCosts Workday Adj(YoY) (4Q)

    Low 2.9% 2.9%

    07:00EUR German LaborCosts Seas. Adj. (QoQ)(4Q)

    Low 0.8% 0.2%

    08:15CHF Retail Sales(Real) (YoY) (JAN)

    Medium 1.9% 4.7%

    09:00

    EUR Italian GrossDomestic Product s.a.and w.d.a. (QoQ) (4QF)

    Medium -0.9% -0.9% -0.9%

    09:00

    EUR Italian GrossDomestic Product s.a.and w.d.a. (YoY) (4QF)

    Medium -2.8% -2.7% -2.7%

    23:50JPY DomesticCorporate Goods PriceIndex (MoM) (FEB)

    Low 0.3% 0.4%

    23:50JPY DomesticCorporate Goods PriceIndex (YoY) (FEB)

    Low -0.1% -0.2%

    23:50JPY Tertiary IndustryIndex (MoM) (JAN)

    Medium -0.2% 1.4%

    ECONOMIC CALENDER

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    23:50

    JPY BSI Large AllIndustry (QoQ) (1Q)

    Medium -5.5

    23:50JPY BSI LargeManufacturing (QoQ)(1Q)

    Medium -10.3

    Tue

    Mar 1200:01

    EUR Germany SecondQuarter ManpowerEmployment Outlook(Table)

    Low

    00:01GBP RICS House Price

    Balance (FEB)Medium -1% -4%

    00:30AUD NAB BusinessConditions (FEB)

    Low -2

    00:30AUD NAB BusinessConfidence (FEB)

    Medium 3

    00:30AUD RBA Credit CardBalances (JAN)

    Low $A49.9B

    00:30AUD RBA Credit CardPurchases (JAN)

    Low $A22.4B

    05:00

    JPY Consumer

    Confidence (FEB) Medium 43.3

    07:00EUR GermanWholesale Price Index(MoM) (FEB)

    Low 0.3%

    07:00EUR GermanWholesale Price Index(YoY) (FEB)

    Low 2.3%

    07:00EUR GermanConsumer Price Index(MoM) (FEB F)

    Medium 0.6% 0.6%

    07:00EUR GermanConsumer Price Index

    (YoY) (FEB F)

    High 1.5% 1.5%

    07:00

    EUR GermanConsumer Price Index -EU Harmonised (MoM)(FEB F)

    Medium 0.8% 0.8%

    07:00

    EUR GermanConsumer Price Index -EU Harmonised (YoY)(FEB F)

    High 1.8% 1.8%

    09:00

    EUR Italian ConsumerPrice Index - EUHarmonized (YoY)(FEB F)

    Low 0.1%

    09:30GBP IndustrialProduction (MoM)(JAN)

    Low 0.1% 1.1%

    09:30GBP IndustrialProduction (YoY) (JAN)

    Medium -1.1% -1.7%

    09:30GBP ManufacturingProduction (MoM)(JAN)

    Low 0.0% 1.6%

    09:30GBP ManufacturingProduction (YoY) (JAN)

    Medium -1.0% -1.5%

    09:30GBP Visible TradeBalance (Pounds)

    (JAN)

    Medium -8950 -8897

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    09:30

    GBP Trade BalanceNon EU (Pounds)(JAN)

    Medium -3200 -3201

    09:30GBP Total TradeBalance (Pounds)(JAN)

    Low -4500 -4239

    11:30USD NFIB SmallBusiness Optimism(FEB)

    Low 90.0 88.9

    14:00USD JOLTs JobOpenings (JAN)

    Low 3617

    15:00GBP NIESR GrossDomestic ProductEstimate (FEB)

    Medium 0.0%

    18:00USD Monthly BudgetStatement (FEB)

    Medium

    21:45NZD Food Prices(MoM) (FEB)

    Low 1.9%

    23:30AUD WestpacConsumer Confidence(MAR)

    Medium 7.7%

    23:30AUD WestpacConsumer ConfidenceIndex (MAR)

    Low 108.3

    Wed

    Mar 13

    AUD AustraliaManpower Survey (2Q)

    Low 7%

    NZD New ZealandManpower Survey (2Q)

    Medium 15%

    00:30AUD Home Loans(JAN)

    Medium 0.5% -1.5%

    00:30AUD InvestmentLending (JAN)

    Low -2.4%

    00:30AUD Value of Loans(MoM) (JAN)

    Low -2.7%

    06:30EUR French Non-FarmPayrolls (QoQ) (4Q F)

    Low -0.2% -0.2%

    10:00EUR Euro-ZoneIndustrial Productions.a. (MoM) (JAN)

    Low -0.1% 0.70%

    10:00EUR Euro-ZoneIndustrial Productionw.d.a. (YoY) (JAN)

    Medium -2.0% -2.3%

    11:00USD MBA Mortgage

    Applications (MAR 8)

    Low 14.80%

    12:30USD Import Price Index(MoM) (FEB)

    Low 0.5% 0.6%

    12:30USD Import Price Index(YoY) (FEB)

    Low -0.6% -1.3%

    12:30USD Advance RetailSales (FEB)

    High 0.5% 0.1%

    12:30USD Retail Sales LessAutos (FEB)

    Medium 0.5% 0.2%

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    12:30

    USD Retail Sales ExAuto & Gas (FEB)

    Medium 0.2% 0.2%

    12:30USD Retail Sales"Control Group" (FEB)

    Low 0.2% 0.1%

    14:00USD BusinessInventories (JAN)

    Medium 0.4% 0.1%

    14:30USD DOE U.S. CrudeOil Inventories (MAR 8)

    Low 3833K

    14:30USD DOE Cushing OKCrude Inventory (MAR8)

    Low 257K

    14:30USD DOE U.S.Gasoline Inventories(MAR 8)

    Low -616K

    14:30USD DOE U.S.Distillate Inventory(MAR 8)

    Low -3830K

    20:00NZD Reserve Bank ofNew Zealand RateDecision (MAR 14)

    High 2.50% 2.50%

    23:50

    JPY Japan Buying

    Foreign Bonds (Yen)(MAR 8)

    Low

    23:50JPY Japan BuyingForeign Stocks (Yen)(MAR 8)

    Low

    23:50JPY Foreign BuyingJapan Bonds (Yen)(MAR 8)

    Low 657.8B

    23:50JPY Foreign BuyingJapan Stocks (Yen)(MAR 8)

    Low 269.6B

    Thu

    Mar 1400:00

    AUD ConsumerInflation Expectation

    (MAR)

    Medium 2.2%

    CNY China ManpowerSurvey (2Q)

    Low 14%

    JPY Japan ManpowerSurvey (2Q)

    Low 11

    CNY Actual FDI (YoY)(FEB)

    Medium -4.8% -7.3%

    00:30AUD EmploymentChange (FEB)

    High 10.0K 10.4K

    00:30

    AUD Unemployment

    Rate (FEB) High 5.5% 5.4%

    00:30AUD Full TimeEmployment Change(FEB)

    Medium -9.8K

    00:30AUD Part TimeEmployment Change(FEB)

    Medium 20.2K

    00:30AUD Participation Rate(FEB)

    Low 65.0% 65.0%

    02:00NZD Non ResidentBond Holdings (FEB)

    Low 66.7%

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    04:00

    JPY TokyoCondominium Sales(YoY) (FEB)

    Low -5.4%

    04:30JPY IndustrialProduction (MoM) (JANF)

    Low 1.0%

    04:30JPY IndustrialProduction (YoY) (JANF)

    Medium -5.1%

    04:30JPY CapacityUtilization (MoM) (JAN

    F)

    Low 2.9%

    06:00JPY Machine ToolOrders (YoY) (FEB F)

    Medium

    08:30CHF Swiss NationalBank Rate Decision(MAR 14)

    High 0.00% 0.00%

    10:00EUR Euro-ZoneEmployment (QoQ)(4Q)

    Low -0.2%

    10:00EUR Euro-ZoneEmployment (YoY)(4Q)

    Low -0.7%

    12:30CAD CapacityUtilization Rate (4Q)

    Low

    12:30USD Current AccountBalance (4Q)

    Low -$112.8B -$107.5B

    12:30CAD New HousingPrice Index (MoM)(JAN)

    Low 0.2%

    12:30CAD New HousingPrice Index (YoY)(JAN)

    Low 2.3%

    12:30USD Producer Price

    Index (MoM) (FEB)Medium 0.6% 0.2%

    12:30USD Producer PriceIndex Ex Food &Energy (MoM) (FEB)

    Medium 0.1% 0.2%

    12:30USD Producer PriceIndex (YoY) (FEB)

    High 1.7% 1.4%

    12:30USD Producer PriceIndex Ex Food &Energy (YoY) (FEB)

    High 1.8%

    12:30USD Initial JoblessClaims (MAR 10)

    Medium 340K

    12:30 USD Continuing Claims(MAR 3)

    Low 3094K

    14:30USD EIA Natural GasStorage Change (MAR8)

    Low -146

    20:30USD Fed ReleasesComprehensive CapitalAnalysis and Review

    Low

    21:30

    NZD Business NZPerformance ofManufacturing Index(FEB)

    Medium 55.2

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    Fri

    Mar 15

    EUR ECB PublishesMonthly Report

    Medium

    00:00NZD ANZ ConsumerConfidence Index(MAR)

    Low 121

    00:00NZD ANZ ConsumerConfidence (MoM)(MAR)

    Low 2.3%

    08:15CHF Producer & ImportPrices (MoM) (FEB)

    Low -0.1%

    08:15CHF Producer & ImportPrices (YoY) (FEB)

    Low 0.8%

    09:30EUR Itally GeneralGovernment Debt(JAN)

    Medium 1988.4B

    10:00EUR Euro-ZoneConsumer Price Index(MoM) (FEB)

    Medium 0.4% -1.0%

    10:00EUR Euro-ZoneConsumer Price Index(YoY) (FEB)

    High 1.8% 1.8%

    10:00EUR Euro-ZoneConsumer Price Index -Core (YoY) (FEB)

    High 1.3% 1.3%

    10:00EUR Euro-Zone LaborCosts (YoY) (4Q)

    Low 2.0%

    12:30USD EmpireManufacturing (MAR)

    Low 8 10.04

    12:30USD Consumer PriceIndex (MoM) (FEB)

    Medium 0.4% 0.0%

    12:30USD Consumer PriceIndex Ex Food &Energy (MoM) (FEB)

    Medium 0.2% 0.3%

    12:30USD Consumer PriceIndex (YoY) (FEB)

    High 1.8% 1.6%

    12:30USD Consumer PriceIndex Ex Food &Energy (YoY) (FEB)

    High 2.0% 1.9%

    12:30USD Consumer PriceIndex Core Index s.a.(FEB)

    Medium 232.138 232.108

    12:30USD Consumer PriceIndex n.s.a. (FEB)

    Low 230.28

    13:00

    USD Total Net TIC

    Flows (JAN) Low $25.2B

    13:00USD Net Long-termTIC Flows (JAN)

    Medium $64.2B

    13:00CAD Existing HomeSales (MoM) (FEB)

    Low 1.3%

    13:15USD IndustrialProduction (FEB)

    Medium 0.3% -0.1%

    13:15USD CapacityUtilization (FEB)

    Low 79.3% 79.1%

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    13:15

    USD Manufacturing(SIC) Production (FEB)

    Low 0.3% -0.4%

    13:55USD U. of MichiganConfidence (MAR P)

    Medium 78 77.6

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