Daily i forex report by epicresearch 06th march 2014

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Information about Daily i forex report by epicresearch 06th march 2014

Published on March 6, 2014

Author: epicresearchsg

Source: slideshare.net


INTERNATIONAL CURRENCY BUZZ ➔ ➔ ➔ Forex - Dollar advances against yen, euro slides Forex - USD/JPY extends gains ahead of U.S. data Forex - EUR/USD hits session lows despite upbeat EZ data EUR/USD EUR/USD hit lows of 1.3707, the weakest since Friday, and was last down 0.22% to 1.3711.The pair was likely to find support at 1.3685 and resistance at 1.3743, the session high.The euro remained lower despite data on Wednesday confirming that the final euro zone composite purchasing managers’ index was revised up to a 32-month high of 53.3 from a preliminary estimate of 52.7.The euro area services PMI rose 52.6 in February, from a final reading of 51.6 in January and higher than the flash estimate of 51.7.Germany’s composite PMI soared to a 33-month high but France’s fell to a two-month low of 47.7. The rate of growth in Italy’s service sector rose to an almost three year high last month. USD/JPY USD/JPY touched highs of 102.47, the highest since February 26 and was last up 0.23% to 102.45.The pair was likely to find support at 101.75 and resistance at 102.80.Risk appetite recovered as the threat of war between Russia and Ukraine eased after Russian President Vladimir Putin said on Tuesday that a military deployment in Ukraine is not needed now.Investors remained cautious with Russian forces still maintaining a military presence in Ukraine’s Crimea region, but diplomatic efforts to end the standoff continued.Markets were looking ahead to a report on U.S. private sector jobs growth, and data from the Institute of Supply Management on service sector growth due out later in the trading day. YOUR MINTVISORY Call us at +91-731-6642300


EPIC'S ANALYST SPEAKS GBP/USD Hourly Chart INTRADAY OUTLOOK Support: 1.6610 Resistance: 1.6770 RECOMMENDATION: 1. Buy GBP/USD Above 1.6740- TG: 1.6760/ 1.6800 SL 1.6700 2. Sell GBP/USD Below 1.6690- TG: 1.6670/ 1.6630 SL 1.6730 YOUR MINTVISORY Call us at +91-731-6642300

EPIC'S ANALYST SPEAKS EUR/USD Hourly Chart INTRADAY OUTLOOK Immediate Support: 1.3715 Immediate Resistance: 1.3795 RECOMMENDATION: 1. Buy EUR/USD Above 1.3750- TG: 1.3770/1.3810 SL 1.3710 2. Sell EUR/USD Below 1.3715- TG: 1.3695/1.3660 SL 1.3745 YOUR MINTVISORY Call us at +91-731-6642300

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. YOUR MINTVISORY Call us at +91-731-6642300

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