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Daily i-Forex Report by Epicresearch.co 8th February 2013

VIEWS: 16 PAGES: 3

http://www.listfree.org/62603-daily-i-forex-report-by-httpwww-epicresearch-co-8th-february-2013.html HEADLINES - Euro May Rise on Neutral ECB, Pound at Risk on Carney Comments - Volatility Risk High For EUR/USD Ahead Of ECB, GBP/USD With BoE - Dollar Appeal Rising After Biggest Stimulus Drop In 4 Years Euro May Rise on Neutral ECB, Pound at Risk on Carney Comments The economic calendar heats up in European trading hours. The European Central Bank will deliver its monthly policy announcement. Mario Draghi and company are not expected to offer any changes to the current framework this time around but the markets appear see the possibility for some verbal intervention to emerge in the press conference following the rate decision to talk down the recently buoyant Euro. The ECB President seems unlikely to overstep the bank’s mandate and dip into exchange rate policy however. Indeed, a strong currency and its negative implications for exports and broader economic growth ultimately falls outside of the ECB’s strict focus on price stability alone. Still, expectant markets primed for a dovish turn in rhetoric may respond to its absence as de-facto hawkish and bid up the single currency.  TRADING TIPS • SELL EURUSD ABOVE 1.3577 tgs 1.3597/1.3617 sl 1.3557 • BUY USDJPY ABOW 93.91 tgt 94.05/94.19 SL 93.71 • BUY GBPUSD BELOW 1.5645 tgt 1.5631/1.5617 SL 1.5659 ANALYSIS HOURLY EURUSD CHART OPEN: 1.3521 HIGH: 1.3577 LOW: 1.3504 CLOSE: 1.3563 • EURUSD LOOKS UPWARD • TREND : BULLISH • STRATEGY: BUY ON DEEPS • MACD =>. -0009(BULLISH SIGNAL) • RSI => 40(BULLISH SIGNAL) ANALYSIS HOURLY USDJPY CHART OPEN: 93.43 HIGH: 93.92 LOW: 93.30 CLOSE: 93.83 • USDJPY LOOKS UPWARD • TREND: BULLISH • STRATEGY: BUY ON DEEPS • MACD => 0002( BULLISH SIGNAL) • RSI =>58(BULLISH SIGNAL) ANALYSIS HOURLY GBPUSD CHART OPEN: 1.5663 HIGH: 1.5768 LOW: 1.5645 CLOSE: 1.5704 • GBPUSD LOOKS DOWNWARD • TREND: BEARISH • STRATEGY: SELL ON RISE • MACD => .0005( BEARISH SIGNAL) • RSI => 49(BEARISH SIGNAL)

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									Daily i-Forex Report by Epicresearch.co 8th February 2013




http://www.listfree.org/62603-daily-i-forex-report-by-httpwww-epicresearch-co-8th-
february-2013.html

HEADLINES
- Euro May Rise on Neutral ECB, Pound at Risk on Carney Comments

- Volatility Risk High For EUR/USD Ahead Of ECB, GBP/USD With BoE

- Dollar Appeal Rising After Biggest Stimulus Drop In 4 Years

Euro May Rise on Neutral ECB, Pound at Risk on Carney Comments
The economic calendar heats up in European trading hours. The European Central Bank will
deliver its monthly policy announcement. Mario Draghi and company are not expected to offer
any changes to the current framework this time around but the markets appear see the possibility
for some verbal intervention to emerge in the press conference following the rate decision to talk
down the recently buoyant Euro. The ECB President seems unlikely to overstep the bank’s
mandate and dip into exchange rate policy however. Indeed, a strong currency and its negative
implications for exports and broader economic growth ultimately falls outside of the ECB’s strict
focus on price stability alone. Still, expectant markets primed for a dovish turn in rhetoric may
respond to its absence as de-facto hawkish and bid up the single currency.

 TRADING TIPS
• SELL EURUSD

ABOVE 1.3577
tgs 1.3597/1.3617
sl 1.3557

• BUY USDJPY

ABOW 93.91
tgt 94.05/94.19
SL 93.71

• BUY GBPUSD
BELOW 1.5645
tgt 1.5631/1.5617
SL 1.5659

ANALYSIS

HOURLY EURUSD CHART

OPEN: 1.3521
HIGH: 1.3577
LOW: 1.3504
CLOSE: 1.3563

• EURUSD LOOKS UPWARD
• TREND : BULLISH
• STRATEGY: BUY ON DEEPS
• MACD =>. -0009(BULLISH SIGNAL)
• RSI => 40(BULLISH SIGNAL)

ANALYSIS

HOURLY USDJPY CHART

OPEN: 93.43
HIGH: 93.92
LOW: 93.30
CLOSE: 93.83

• USDJPY LOOKS UPWARD
• TREND: BULLISH
• STRATEGY: BUY ON DEEPS
• MACD => 0002( BULLISH SIGNAL)
• RSI =>58(BULLISH SIGNAL)

ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5663
HIGH: 1.5768
LOW: 1.5645
CLOSE: 1.5704

• GBPUSD LOOKS DOWNWARD
• TREND: BEARISH
• STRATEGY: SELL ON RISE
• MACD => .0005( BEARISH SIGNAL)
• RSI => 49(BEARISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8632
HIGH: 0.8663
LOW: 0.8597
CLOSE: 0.8637

• EURGBP LOOKS UPWARDS
• TREND: BULLISH
• STRATEGY: BUY ON DEEPS
• MACD =>.007(BULLISH SIGNAL)
• RSI =>49(BULLISH SIGNAL)

HOURLY USDINDEX CHART

OPEN: 79.7420
HIGH: 79.8160
LOW: 79.5390
CLOSE: 79.5940

• USDINDEX LOOKS UPWARD
• TREND: BULLISH
• STRATEGY: BUY ON DEEPS
• MACD =>0.0125(BULLISH SIGNAL)
• RSI =>64(BULLISH SIGNAL)

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