Daily Iforex Market Report by EPIC RESEARCH 6th February 2014

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Information about Daily Iforex Market Report by EPIC RESEARCH 6th February 2014
Finance

Published on February 6, 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 ForexIndex, You can get Daily Favorable Tips & future Strategy for Forex Market

DAILY IFOREX REPORT 06 FEBRUARY 2014 TRADING TIPS ● ● BUY EUR-GBP ABOVE 0.8330 TGT 0.8355,0.8390 SL 0.8290 SELL USD-CAD BELOW 1.1040 TGT 1.1015 ,1.0980 SL 1.1080

HEADLINES ● Name EUR/USD 1.3516 USD/JPY 1.627 USD/CHF 0.9045 AUD/USD 0.8926 USD/CAD 1.1065 NZD/USD 0.8216 EUR/CHF 1.2225 EUR/JPY 136.651 EUR/GBP 0.8307 EUR/AUD 1.5143 GBP/CHF 1.4716 GBP/JPY 164.4895 GBP/CAD 1.8004 GBP/AUD 1.8228 AUD/JPY 90.2375 CAD/JPY 91.3615 CHF/JPY 111.7765 NZD/JPY 83.0665 AUD/CAD 0.9877 AUD/CHF 0.8073 AUD/SGD 1.1323 ● Forex - EUR/USD remains lower after euro zone data ● Forex - Euro remains slightly lower vs. dollar 101.098 GBP/USD Forex - U.S. futures point to lower open ahead of ADP jobs report, ISM Last U.S. stock market futures pointed to a lower open on Wednesday, as investors looked ahead to key U.S. economic data later in the day for further indications on the strength of the economy and the future course of monetary policy. U.S. futures point to lower open ahead of ADP jobs report, ISMU.S. stock futures point to lower open ahead of data Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 0.3%, S&P 500 futures signaled a drop of 0.4%, while the Nasdaq 100 futures indicated a decline of 0.4%. Wall Street ended modestly higher on Tuesday after data showed that U.S. factory orders fell less-than-expected in December. Ahead of the bell, the U.S. is to release the ADP report on private sector job creation, which leads the government’s highly-anticipated nonfarm payrolls report by two days, while the ISM is to publish data on service sector activity shortly after markets open. Investors will also watch speeches from Philadelphia Federal Reserve President Charles Plosser and Atlanta Fed President Dennis Lockhart later in the day. EUR/USD dipped 0.05% to 1.3510, holding above the ten-week lows of 1.3476 struck on Monday.The pair was likely to find support at 1.3476 and resistance at 1.3572. The euro found support after data showed that the euro zone's private sector posted its strongest growth in more than two-and-a half years in January. Markit said the final reading of the euro zone composite output index came in at 52.9 in January, slightly lower than the preliminary estimate for 53.2, but up from 52.1 in December.

HOURLY EURUSD CHART ANALYSIS EURUSD LOOKS DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 1.3540 SUPPORT: 1.3470

HOURLY USDJPY CHART ANALYSIS USDJPY LOOK DOWNSIDE TREND: BEARISH STRATEGY: BUY ABOVE RESISTANCE SELL BELOW SUPPORT RESISTANCE: 101.70 SUPPORT: 101.10

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: 1.6370 SUPPORT: 1.6260

ECONOMIC CALLENDER MEDIUM Cur. Imp. Event Actual Forecast Previous 06:00:00 AM   AUD MEDIUM NAB Quarterly Business Confidence     3 06:00:00 AM   AUD HIGH Retail Sales (MoM)   0.40% 0.70% 06:00:00 AM   AUD MEDIUM Trade Balance   -0.300B -0.118B 04:30:00 PM   EUR MEDIUM German Factory Orders (MoM)   0.40% 2.10% 05:30:00 PM   GBP MEDIUM BoE QE Total   375B 375B 05:30:00 PM   GBP HIGH Interest Rate Decision   0.50% 0.50% 06:15:00 PM   EUR HIGH Interest Rate Decision   0.25% 0.25% 07:00:00 PM   CAD MEDIUM Exports   40.00B 39.78B 07:00:00 PM   CAD MEDIUM Trade Balance   -1.00B -0.94B 07:00:00 PM   USD MEDIUM Initial Jobless Claims   335K 348K 07:00:00 PM   USD MEDIUM Nonfarm Productivity (QoQ)    2.50% 3.00% 07:00:00 PM   USD MEDIUM Trade Balance   -36.00B -34.30B 07:00:00 PM   USD MEDIUM Unit Labor Costs (QoQ)    -0.50% -1.40% 08:30:00 PM   CAD HIGH Ivey PMI   51 46.3 02/06/14

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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