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