Published on March 7, 2014
07-MAR-2014 YOUR MINTVISORY EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX Call us at +91-731-6642300
INTERNATIONAL CURRENCY BUZZ ➔ ➔ ➔ ● ➔ Forex - GBP/USD holds steady after U.S. data Forex - Euro rises to 2014 high vs. dollar after Draghi comments Forex - USD/CAD falls to two-week lows in early U.S. trade EUR/USD EUR/USD hit 1.3855, the highest level since December 27 and was last up 0.77% to 1.3838.The pair was likely to find support at 1.3720, the session low and resistance at 1.3890.The euro was boosted after Mario Draghi confirmed that the bank left its benchmark interest rate unchanged at 0.5%, with the latest economic data indicating that “the moderate economic recovery in the euro zone is proceeding.”The ECB president said he was encouraged by data on Wednesday showing that business activity in the euro zone rose to a 32-month high last month, and noted an improvement in the services sector, which accounts for the majority of job growth. USD/CAD USD/CAD hit 1.0990, the weakest since February 19 and was last down 0.29% to 1.0998.The pair was likely to find support at 1.0956 and resistance at 1.1045, the session high.Canada’s dollar remained supported after the BoC left rates on hold on Wednesday and reiterated that the next move in rates would be data dependent.The bank said economic growth in the fourth quarter of 2013 was slightly stronger tha anticipated, adding that it still expects growth of 2.5% in 2014.Statisti Canada reported Thursday that the number of new building permits issued in January rose 8.5%, well ahead of forecasts for a 1% gain. December’s figure was revised to a drop of 4.8% from a previously reported decline of 4.1%. YOUR MINTVISORY Call us at +91-731-6642300
DAILY ECONOMIC DATA 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: 1.3790 Immediate Resistance: 1.3860 RECOMMENDATION: 1. Buy EUR/USD Above 1.3860- TG: 1.3880/1.3920 SL 1.3820 2. Sell EUR/USD Below 1.3790- TG: 1.3750/1.3710 SL 1.3830 YOUR MINTVISORY Call us at +91-731-6642300
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07-mar-2014. your mintvisory. epic research report daily international forex. call us at +91-731-6642300
indian forex daily report 07th march-2014. daily market outlook 26th february-2014. your mintvisory. www.epicresearch.co call: +917316642300
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