DAILY I FOREX REPORT 3RD JUN 2013

WWW.EPICRESEARCH.CO

+91 7316642300

HEADLINES

Euro May Rise On CPI Pickup, Dollar Looks To Data For QE Cues Dollar Risks Tumble if QE3 Taper Talk or Capital Market Dont Catch Euro Falls Below 1.30 on a Suggestion of Further ECB Intervention
The Euro was driven back below the key 1.3000 figure against the US Dollar following ECBs Viscos comment that the central bank is ready to intervene again on rates. Visco was speaking at the Bank of Italys annual meeting and also said that the ECB will consider all measures to maintain current credit conditions. The comments follow the ECB announcing a 25 basis point cut to the interest rate earlier this month. The speculation of a second rate cut is Euro negative. Furthermore, the official Eurostat estimate of the Eurozone annual inflation for May at 1.4% and well below the ECBs 2.0% rate target didnt stop the Euro from slipping further after Viscos comments. The 1.4% rise in consumer prices since May 2012 was as expected and showed a slight bounce in inflation following the 3year low set in April at 1.2%. Also, the Euro-zone unemployment rate was announced today at a record high of 12.2%, which met expectations. Italian unemployment was reported at 12.0% for April, which was higher than expected and set a new 36-year high. Neither employment release had a significant effect on Forex markets.

TRADING TIPS
BUY EURUSD ABOVE 1.3050 TGT 1.3070/1.3090 SL 1.3020

BUY USDJPY ABOVE 101.30 TGT 101.50/101.70 SL 101.00

SELL GBPUSD BELOW

1.5180 TGT 1.5160/1.5140 SL 1.5210

WWW.EPICRESEARCH.CO

+91 7316642300

 HOURLY EURUSD CHART HOURLY EURUSD CHART

ANALYSIS OPEN: 1.3042 HIGH: 1.3049 LOW: 1.2968 CLOSE: 1.2987 EURUSD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0007(BULLISH SIGNAL) RSI => 46(BULLISH SIGNAL)

HOURLY USDJPY CHART

ANALYSIS OPEN: 101.12 HIGH: 101.28 LOW: 100.30 CLOSE: 100.62 USDJPY LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.04(BULLISH SIGNAL) RSI => 41(BULLISH SIGNAL)

HOURLY GBPUSD CHART

ANALYSIS OPEN: 1.5227 HIGH: 1.5239 LOW: 1.5185 CLOSE: 1.5197 GBPUSD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>-.000(BEARISH SIGNAL) RSI => 43(BEARISH SIGNAL)

www.epicresearch.co

+ 91 7316642300

HOURLY EURGBP CHART

ANALYSIS OPEN: 00.8564 HIGH: 00.8578 LOW: 00.8533 CLOSE: 00.8548 EURGBP LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>.00005(BEARISH SIGNAL) RSI =>41(BEARISH SIGNAL)

www.epicresearch.co

+ 91 7316642300

HOURLY USD INDEX CHART

ANALYSIS OPEN: 83.0280 HIGH: 83.3890 LOW: 83.0190 CLOSE: 83.3540 USDINDEX LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>.0291(BEARISH SIGNAL) RSI => 58(BEARISH SIGNAL)

ECONOMIC CALLENDER
Date
Sun May 26

Time

Currency

Event

Importance

Actual

Forecast

Previous

Notes

23:01

GBP Hometrack Housing Survey (MoM) (MAY) GBP Hometrack Housing Survey (YoY) (MAY) JPY Bank of Japan Releases April 26 Meeting Minutes CNY Industrial Profits YTD (YoY) (APR) JPY Corporate Service Price (YoY) (APR) CNY Leading Index (APR) JPY BoJ Board Member Miyao Speaks at Correspondents' Club JPY Small Business Confidence (MAY) CHF Trade Balance (Swiss franc) (APR) CHF Exports (MoM) (APR) CHF Imports (MoM) (APR) EUR German Import Price Index (MoM) (APR) EUR German Import Price Index (YoY) (APR) USD S&P/CS 20 City s.a. (MoM) (MAR) USD S&P/Case-Shiller Composite-20 (YoY) (MAR) (MAR) USD S&P/Case-Shiller Home Price Index (MAR) (MAR) USD S&P/Case-Shiller US Home Price Index (YoY) (1Q)

Low

0.4%

0.3%

23:01

Low

0.4%

0.2%

23:50
Mon May 27

High

01:30

Low

11.4%.

12.1%

23:50
Tue May 28

Low

-0.2%

-0.2%

Medium

99.38

03:45

Low

05:00

Medium

49.4

06:00

Medium

2.00B

1.90B

06:00

Low

5.1%

06:00

Low

2.0%

06:00

Low

-0.4%

-0.1%

06:00

Low

-2.3%

-2.3%

13:00

Low

1.0%

1.2%

13:00

Low

10.2%

9.3%

13:00

Low

147.48

146.57

13:00

Low

7.3%

13:00

USD S&P/Case-Shiller US Home Price Index (1Q) USD Richmond Fed Manufacturing Index (MAY) USD Consumer Confidence (MAY) USD Dallas Fed Manufacturing Activity (MAY) JPY Large Retailers' Sales (APR) JPY Retail Trade s.a. (MoM) (APR) JPY Retail Trade (YoY) (APR) AUD CBAHIA House Affordability (1Q) JPY Bank of Japan Governor Kuroda Speaks at BOJ Conference AUD Westpac Leading Index (MoM) (MAR) (MAR) AUD Construction Work Done (1Q) CHF UBS Consumption Indicator (APR) JPY BoJ Holds Meeting with Investors and Market Participants EUR German Unemployment Change (MAY) EUR German Unemployment Rate s.a. (MAY) EUR Euro-Zone M3 s.a. (YoY) (APR) EUR Euro-Zone M3 s.a. (3M) (APR) EUR EC OECD May Economic Outlook (MAY) GBP CBI Reported Sales (MAY) USD MBA Mortgage Applications (MAY 24) EUR German Consumer Price Index (MoM) (MAY P)

Low

135.22

14:00

Low

-4

-6

14:00
LIVE

High

71

68.1

14:30

Low

-10

-15.6

23:50

Medium

-0.6%

2.4%

23:50

Low

0.0%

-1.4%

23:50
Wed May 29

Medium

-0.5%

-0.3%

00:00

Low

68.9

00:00

Medium

00:30

Medium

0.6%

01:30

Low

1.0%

-0.1%

06:00

Medium

1.25

07:00

Low

07:55

High

5K

4K

07:55

High

6.9%

6.9%

08:00

Low

2.9%

2.6%

08:00

Low

2.9%

3.0%

09:00
LIVE

Medium

10:00

Low

-1

11:00

Low

-9.8%

12:00

Medium

0.2%

-0.5%

12:00

EUR German Consumer Price Index (YoY) (MAY P) EUR German Consumer Price Index EU Harmonised (MoM) (MAY P) EUR German Consumer Price Index EU Harmonised (YoY) (MAY P) CAD Average Weekly Earnings (YoY) (MAR) CAD Bank of Canada Rate Decision (MAY 29) USD Former Fed Chairman Paul Volcker Speaks in New York USD Fed's Rosengren Speaks on Economy in Minneapolis NZD Building Permits (MoM) (APR) JPY Japan Buying Foreign Bonds (Yen) (MAY 24) JPY Japan Buying Foreign Stocks (Yen) (MAY 24) JPY Foreign Buying Japan Bonds (Yen) (MAY 24) JPY Foreign Buying Japan Stocks (Yen) (MAY 24) AUD Building Approvals (MoM) (APR) AUD Building Approvals (YoY) (APR) AUD Private Capital Expenditure (1Q) CHF Gross Domestic Product (QoQ) (1Q) CHF Gross Domestic Product (YoY) (1Q) GBP Nationwide House Prices s.a. (MoM) (MAY) GBP Nationwide House Prices n.s.a. (YoY) (MAY) JPY BoJ Deputy Governor Nakaso Speaks at Bellwether Conference

High

1.3%

1.2%

12:00

Medium

0.2%

-0.5%

12:00

High

1.4%

1.1%

12:30

Low

3.1%

14:00
LIVE

High

1.00%

1.00%

16:15

Low

17:00

Low

22:45

Low

-9.1%

23:50

Medium

-804.4B

23:50

Medium

-136.9B

23:50

Low

17.7B

23:50

Low

716.0B

Thu May 30

01:30

Low

4.0%

-5.5%

01:30

Medium

22.5%

3.9%

01:30

Low

0.5%

-1.2%

05:45

Medium

0.2%

0.2%

05:45

Medium

1.0%

1.4%

06:00

Low

0.5%

-0.1%

06:00

Medium

0.9%

0.9%

08:15

Low

08:30

GBP Lloyds Business Barometer (MAY) EUR Euro-Zone Economic Confidence (MAY) EUR Euro-Zone Business Climate Indicator (MAY) EUR Euro-Zone Industrial Confidence (MAY) EUR Euro-Zone Consumer Confidence (MAY F) EUR Euro-Zone Services Confidence (MAY) CAD Current Account (BoP) (Canadian dollar) (1Q) USD Gross Domestic Product (Annualized) (1Q S) USD Personal Consumption (1Q S) USD Gross Domestic Product Price Index (1Q S) USD Core Personal Consumption Expenditure (QoQ) (1Q S) CAD Industrial Product Price (MoM) (APR) USD Initial Jobless Claims (MAY 25) CAD Raw Materials Price Index (MoM) (APR) USD Continuing Claims (MAY 18) USD Pending Home Sales (MoM) (APR) USD Pending Home Sales (YoY) (APR) USD EIA Natural Gas Storage Change (MAY 24) USD DOE U.S. Crude Oil Inventories (MAY 24) USD DOE Cushing OK Crude Inventory (MAY 24) USD DOE U.S. Gasoline Inventories (MAY 24)

Low

27

09:00
LIVE

Medium

89.4

88.6

09:00

Low

-0.85

-0.93

09:00

Low

-13

-13.8

09:00

Medium

-21.9

-21.9

09:00

Low

-10.6

-11.1

12:30

Low

-$15.7B

-$17.3B

12:30

High

2.5%

2.5%

12:30

High

3.3%

3.2%

12:30

High

1.2%

1.2%

12:30

Medium

1.2%

1.2%

12:30

Low

-0.3%

0.1%

12:30

Medium

340K

340K

12:30

Low

-0.9%

-1.7%

12:30

Low

2970K

2912K

14:00

Low

1.50%

1.50%

14:00

Medium

12.6%

5.8%

14:30

Low

89

15:00

Low

-338K

15:00

Low

449K

15:00

Low

3015K

15:00

USD DOE U.S. Distillate Inventory (MAY 24) USD OFR's Berner speaks on Financial Stability NZD Terms of Trade Index (QoQ) (1Q) GBP GfK Consumer Confidence Survey (MAY) JPY Nomura/JMMA Manufacturing Purchasing Manager Index (MAY) JPY Household Spending (YoY) (APR) JPY Jobless Rate (APR) JPY Job-To-Applicant Ratio (APR) JPY National Consumer Price Index (YoY) (APR) JPY National Consumer Price Index Ex-Fresh Food (YoY) (APR) JPY National Consumer Price Index Ex Food, Energy (YoY) (APR) JPY Tokyo Consumer Price Index (YoY) (MAY) JPY Tokyo Consumer Price Index Ex-Fresh Food (YoY) (MAY) JPY Tokyo Consumer Price Index Ex Food, Energy (YoY) (MAY) JPY Industrial Production (MoM) (APR P) JPY Industrial Production (YoY) (APR P) JPY Bank of Japan Deputy Governor Nakaso Speaks in Tokyo

Low

-1052K

16:35

Low

22:45

Medium

-1.3%

23:01

Medium

-26

-27

23:15

Medium

51.1

23:30

Medium

3.0%

5.2%

23:30

Medium

4.1%

4.1%

23:30

Low

0.87

0.86

23:30

High

-0.7%

-0.9%

23:30

Medium

-0.4%

-0.5%

23:30

Medium

-0.7%

-0.8%

23:30

Low

-0.4%

-0.7%

23:30

Low

-0.2%

-0.3%

23:30

Low

-0.7%

-0.7%

23:50

Low

0.6%

0.9%

23:50

Medium

-3.4%

-6.7%

Fri May 31

Low

01:00

NZD ANZ Business Confidence (MAY) NZD ANZ Activity Outlook (MAY) AUD Private Sector Credit (MoM) (APR)

Low

32.3

01:00

Low

30.3

01:30

Low

0.3%

0.2%

01:30

AUD Private Sector Credit (YoY) (APR) CNY MNI May Business Sentiment Indicator NZD Money Supply M3 (YoY) (APR) JPY Vehicle Production (YoY) (APR) JPY Housing Starts (YoY) (APR) JPY Annualized Housing Starts (APR) JPY Construction Orders (YoY) (APR) EUR German Retail Sales (MoM) (APR) EUR German Retail Sales (YoY) (APR) CHF KOF Swiss Leading Indicator (MAY) EUR Italian Unemployment Rate s.a. (APR P) EUR Italian Unemployment Rate s.a. (1Q) GBP Net Consumer Credit (APR) GBP Net Lending Sec. on Dwellings (APR) GBP Mortgage Approvals (APR) GBP M4 Money Supply (MoM) (APR) GBP M4 Money Supply (YoY) (APR) GBP M4 Ex IOFCs 3M Annualised (APR) EUR Euro-Zone Consumer Price Index Estimate (YoY) (MAY) EUR Euro-Zone Unemployment Rate (APR) EUR Euro-Zone Consumer Price Index Core (YoY) (MAY A) CAD Quarterly Gross Domestic Product Annualized (1Q)

Medium

3.0%

3.2%

01:35

Low

03:00

Low

7.0%

04:00

Low

-16.4%

05:00

Medium

4.1%

7.3%

05:00

Medium

0.923M

0.904M

05:00

Low

-3.4%

06:00

Low

0.2%

-0.3%

06:00

Medium

1.1%

-2.8%

07:00

Medium

1.07

1.02

08:00

Low

11.6%

11.5%

08:00

Low

11.6%

11.2%

08:30

Medium

0.4B

0.5B

08:30

Medium

0.5B

0.4B

08:30

Medium

54.6K

53.5K

08:30

Low

-0.9%

08:30

Low

0.3%

08:30

Low

3.3%

4.6%

09:00

Medium

1.4%

1.2%

09:00

Medium

12.2%

12.1%

09:00

High

1.1%

1.0%

12:30

High

2.3%

0.6%

12:30

CAD Gross Domestic Product (MoM) (MAR) (MAR) CAD Gross Domestic Product (YoY) (MAR) (MAR) USD Personal Income (APR) USD Personal Spending (APR) USD Personal Consumption Expenditure Deflator (MoM) (APR) USD Personal Consumption Expenditure Deflator (YoY) (APR) USD Personal Consumption Expenditure Core (MoM) (APR) USD Personal Consumption Expenditure Core (YoY) (APR) USD Fed's Pianalto Speaks on Financial Stability in Washington USD NAPM-Milwaukee (MAY) USD Chicago Purchasing Manager (MAY) USD U. of Michigan Confidence (MAY F) USD Revisions to the Wholesale Sales and Inventories Report USD Revisions of Retail Sales Released USD Fed's Liang Speaks on Financial Stability in Washington

Medium

0.1%

0.3%

12:30

High

1.5%

1.7%

12:30

Medium

0.1%

0.2%

12:30

Medium

0.0%

0.2%

12:30

Low

-0.2%

-0.1%

12:30

Low

0.8%

1.0%

12:30

Low

0.1%

0.0%

12:30

Medium

1.0%

1.1%

12:45

Low

13:00

Low

49.0

48.4

13:45

Low

50.0

49.0

13:55

Medium

83.7

83.7

14:00

Low

14:00

Low

15:00

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 7316642300