Daily i-forex-report-04-02

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Published on February 4, 2014

Author: epicresearchsg

Source: slideshare.net

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Epic Research private limited have best technical research team, Our research team provide Daily report on SGX Index, You can get Daily Favorable Tips & future Strategy for SGX Market

DAILY IFOREX REPORT 04 FEBRUARY 2014 TRADING TIPS ● ● BUY AUD-USD ABOVE 0.8825 TGT 0.8850,08885 SL 0.8785 SELL GBP-USD BELOW 1.315 TGT 1.6290 ,1.6255 SL 1.6355

HEADLINES ● Name EUR/USD 1.3492 USD/JPY 1.6341 USD/CHF 0.9054 AUD/USD 0.8797 USD/CAD 1.1066 NZD/USD 0.8104 EUR/CHF 1.2216 EUR/JPY 137.441 EUR/GBP 0.8256 EUR/AUD 1.5336 GBP/CHF 1.4797 GBP/JPY 166.4705 GBP/CAD 1.8082 GBP/AUD 1.8576 AUD/JPY 89.616 CAD/JPY 92.085 CHF/JPY 112.505 NZD/JPY 82.5555 AUD/CAD 0.9734 AUD/CHF 0.7965 AUD/SGD 1.1219 ● Forex - Euro hits session highs vs. dollar and pound ● Forex - Pound hits 2-week lows vs. dollar after U.K. factory 101.8645 GBP/USD Forex - Dollar hits 2-month lows vs. yen on emerging market unease Last USD/JPY hit 101.66, the weakest since December 6 and was last down 0.26% to 101.76.The pair was likely to find support at 101.25 and resistance at 102.40, the session high.Demand for the safety of the yen continued to be underpinned by fears over a crisis in emerging markets and concerns over a possible slowdown in China. Official data released over the weekend showed that China’s manufacturing purchasing managers’ index ticked down to a five month low of 50.5 in January from 51.0 the previous month, in line with market expectations. EUR/USD hit session highs of 1.3568 and was last up 0.17% to 1.3512. The pair fell to lows of 1.3478 on Friday, the weakest since November 22. The pair was likely to find support at 1.3440 and resistance at 1.3570. The euro found support after data released on Monday showed that the euro zone’s manufacturing purchasing managers index rose to a 32-month high of 54.0 in January, up from 52.7 in December and a shade higher than the preliminary estimate of 53.9. GBP/USD 1.6370, the lowest since January 17 and was last down 0.37% to 1.6374. Cable is likely to find support at 1.6308, the low of January 17 and resistance at 1.6475.Markit said the U.K. manufacturing purchasing managers’ index fell to 56.7 in January, down from 57.2 in December and below estimates for a reading of 57.0. Although the rate of the expansion in manufacturing output has cooled in recent months strong growth was maintained in January as new orders rose on the back of stronger domestic and overseas demand.

HOURLY EURUSD CHART ANALYSIS EURUSD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.3520 SUPPORT: 1.3470

HOURLY USDJPY CHART ANALYSIS USDJPY LOOK DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 102.45 SUPPORT: 101.70

HOURLY EURGBP CHART ANALYSIS USD/CHF LOOKS UPSIDE TREND: BULLISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 0.9070 SUPPORT: 0.9035

HOURLY EURGBP CHART ANALYSIS USD/CAD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.1140 SUPPORT: 1.1029

HOURLY GBPUSD CHART ANALYSIS GBPUSD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.6385 SUPPORT: 1.6315

ECONOMIC CALLENDER MEDIUM Cur. Imp. Event Actual Forecast Previous 02:30:00 AM   USD LOW All Car Sales     7.73M 02:30:00 AM   USD LOW Domestic Car Sales   5.30M 5.25M 02:30:00 AM   USD LOW Total Vehicle Sales   15.70M 15.40M 03:00:00 PM   GBP MEDIUM Construction PMI   61.5 62.1 03:30:00 PM   EUR LOW PPI (MoM)   0.10% -0.10% 03:30:00 PM   EUR LOW PPI (YoY)   -0.90% -1.20% 03:30:00 PM   EUR LOW Italian CPI (MoM)    0.20% 0.20% 03:30:00 PM   EUR LOW Italian CPI (YoY)    0.70% 0.70% 06:15:00 PM   USD LOW Chain Store Sales (YoY)     2.20% 06:15:00 PM   USD LOW Chain Store Sales (WoW)     0.20% 07:25:00 PM   USD LOW Redbook (MoM)     -0.10% 07:25:00 PM   USD LOW Redbook (YoY)     3.20% 07:30:00 PM   USD MEDIUM Treasury Secretary Lew Speaks         08:15:00 PM   USD LOW ISM - NY Business Conditions     615.4 08:30:00 PM   USD LOW Factory Orders (MoM)   -1.60% 1.80% 08:30:00 PM   USD LOW Factory orders ex transportation (MoM)     0.60% 08:30:00 PM   USD LOW IBD/TIPP Economic Optimism   46.1 45.2 10:00:00 PM   USD LOW 4-Week Bill Auction     0.05% 10:00:00 PM   USD LOW 52-Week Bill Auction     0.13% 11:00:00 PM   USD LOW Chicago Fed President Evans Speaks       02/04/14

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.

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