DAILYI FOREX REPORT BY EPIC RESEARCH-13 February 2013 by epicreserach6

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									                  DAILY I FOREX REPORT
                      13TH FEBRUARY 2013




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                                     USD/JPY Returns To Nearly
                                      Three-Year Highs On More
                                      Threats
                                     Dollar Strong Despite Risk
                                      Appetite, Steady EUR/USD
                                      Eyes 1.3500

    TRADING TIPS                     Euro at Risk as EU Meeting
                                      Disappoints, Pound to Hold
   BUY EURUSD ABOVE                  Steady
    1.3410 tgs
                           Pound Looks to CPI for Direction,
    1.3430/1.3450 sl       Euro Eyes Spain Bailout Hopes
    1.3390
                           UK Consumer Price Index figures headline the
                           economic calendar in European hours. Expectations
   BUY USDJPY ABOVE       suggest the headline year-on-year inflation rate will
                           remain at 2.7 percent in January, unchanged from the
    94.37 tgt              prior month. A softer print has scope to weigh on the
                           British Pound, reinforcing yesterday’s rumors of a
    94.57/94.77 SL 94.17   dovish lean in the upcoming BOE quarterly inflation
                           report. An outcome in line with expectations may offer
                           a bit of room for a corrective recovery however as
                           markets shift toward neutral ahead of tomorrow’s
   SELL GBPUSD            event risk. Needless to say, a number north of
                           expectations would amplify the likelihood of such a
    BELOW 1.5574 tgt       scenario.

    1.5560/1.5545 SL
    1.5594
WWW.EPICRESEARCH.CO                                           +91 9752199966
                             HOURLY EURUSD CHART
                            HOURLY EURUSD CHART
                                      




ANALYSIS
OPEN: 1.3402
HIGH: 1.3410
LOW: 1.3364
CLOSE: 1.3403

    EURUSD LOOKS UPWARD
    TREND : BULLISH
    STRATEGY: BUY ON DEEPS
    MACD =>. 0005(BULLISH SIGNAL)
    RSI => 55(BULLISH SIGNAL)
                                HOURLY USDJPY CHART
                           HOURLY USDJPY CHART




ANALYSIS
OPEN: 94.19
HIGH: 93.37
LOW: 93.87
CLOSE: 94.07

    USDJPY LOOKS UPWARD
    TREND: BULLISH
    STRATEGY: BUY ON DEEPS
    MACD => 0011( BULLISH SIGNAL)
    RSI =>59(BULLISH SIGNAL)
                          HOURLY GBPUSD CHART
                            HOURLY GBPUSD CHART




ANALYSIS
OPEN: 1.5655
HIGH: 1.5668
LOW: 1.5574
CLOSE: 1.5588

    GBPUSD LOOKS DOWNWARD
    TREND: BEARISH
    STRATEGY: SELL ON RISE
    MACD => .0005( BEARISH SIGNAL)
    RSI =>     20(BEARISH SIGNAL)
                            HOURLY EURGBP CHART
                          HOURLY EURGBP CHART




ANALYSIS
OPEN: 0.8560
HIGH: 0.8604
LOW: 0.8540
CLOSE: 0.8598

    EURGBP LOOKS UPWARDS
    TREND: BULLISH
    STRATEGY: BUY ON DEEPS
    MACD =>.-002(BULLISH SIGNAL)
    RSI =>72(BULLISH SIGNAL)




www.epicresearch.co                               + 91 9752199966
                       HOURLY USDINDEX CHART




ANALYSIS
OPEN: 80.3520
HIGH: 80.5030
LOW: 80.3350
CLOSE: 80.4020

    USDINDEX LOOKS UPWARD
    TREND: BULLISH
    STRATEGY: BUY ON DEEPS
    MACD =>0.045(BULLISH SIGNAL)
    RSI =>65(BULLISH SIGNAL)




                       ECONOMIC CALENDER
Date     Time    Currency            Event           Importance   Actual   Forecast   Previous   Notes


 Mon                        AUD Home Loans
         00:30                                        Medium      -1.5%     0.0%       -0.7%
Feb 11                      (DEC)

                            AUD Value of Loans
         00:30                                          Low       -2.7%                0.5%
                            (MoM) (DEC)

                            AUD Investment
         00:30                                          Low       -2.4%                -3.2%
                            Lending (DEC)

                            EUR Euro-Area
         13:30              Finance Ministers Meet     High
                            in Brussels

                            NZD NZ Card
         21:45                                        Medium                           0.4%
                            Spending (MoM) (JAN)

                            NZD NZ Card
         21:45              Spending - Retail         Medium                0.3%       0.3%
                            (MoM) (JAN)

                            JPY Japan Money
         23:50                                          Low                 2.3%       2.2%
                            Stock M3 (YoY) (JAN)

                            JPY Japan Money
         23:50              Stock M2+CD (YoY)           Low                 2.6%       2.6%
                            (JAN)

                            EUR German
 Tue
Feb 12
                            Wholesale Price Index       Low                            3.2%
                            (YoY) (JAN)

                            EUR German
                            Wholesale Price Index       Low                            0.0%
                            (MoM) (JAN)

                            GBP RICS House Price
         00:01                                        Medium                 1%        0.0%
                            Balance (JAN)

                            AUD NAB Business
         00:30                                        Medium                             3
                            Confidence (JAN)

                            AUD RBA Credit Card
         00:30                                          Low                           $A21.8B
                            Purchases (DEC)

                            AUD RBA Credit Card
         00:30                                          Low                           $A49.5B
                            Balances (DEC)

                            AUD NAB Business
         00:30                                          Low                              -4
                            Conditions (JAN)


                            JPY Machine Tool
         06:00                                        Medium                          -27.5%
                            Orders (YoY) (JAN P)

                            CHF Consumer Price
         08:15                                        Medium               -0.3%       -0.4%
                            Index (YoY) (JAN)

                            CHF CPI - EU
         08:15              Harmonised (YoY)          Medium                           -0.3%
                            (JAN)

                            CHF Consumer Price
         08:15                                          Low                -0.3%       -0.2%
                            Index (MoM) (JAN)

                            CHF CPI - EU
         08:15              Harmonised (MoM)            Low                            0.1%
                            (JAN)

                            GBP Core Consumer
         09:30              Price Index (YoY)          High                 2.4%       2.4%
                            (JAN)
        GBP Consumer Price
09:30                               High     2.7%      2.7%
        Index (YoY) (JAN)

        GBP Retail Price Index
09:30                              Medium    3.2%      3.1%
        (YoY) (JAN)

        GBP Producer Price
09:30   Index Output n.s.a.        Medium    2.0%      2.2%
        (YoY) (JAN)

        GBP Producer Price
09:30   Index Output Core          Medium    1.4%      1.5%
        n.s.a. (YoY) (JAN)

        GBP Consumer Price
09:30                              Medium   -0.5%      0.5%
        Index (MoM) (JAN)

        GBP Producer Price
09:30   Index Output n.s.a.         Low      0.2%      -0.1%
        (MoM) (JAN)
        GBP Producer Price
09:30   Index Output Core           Low      0.1%      0.0%
        n.s.a. (MoM) (JAN)
        GBP Producer Price
09:30   Index Input n.s.a. (YoY)    Low      1.0%      0.3%
        (JAN)
        GBP Producer Price
09:30   Index Input n.s.a.          Low      0.8%      -0.2%
        (MoM) (JAN)

        GBP DCLG UK House
09:30                               Low      2.0%      2.1%
        Prices (YoY) (DEC)

        GBP Retail Price Index
09:30                               Low     -0.5%      0.5%
        (MoM) (JAN)

        GBP Retail Price Index
09:30   Ex Mort Int.Payments        Low      3.1%      3.0%
        (YoY) (JAN)

        GBP Retail Price Index
09:30                               Low     245.6      246.8
        (JAN)

        USD Mortgage
12:00                               Low                7.4%
        Delinquencies (4Q)

        USD MBA Mortgage
12:00                               Low                4.1%
        Foreclosures (4Q)

        USD NFIB Small
12:30   Business Optimism           Low       89        88
        (JAN)

        USD JOLTs Job
15:00                               Low                3676
        Openings (DEC)

        USD Fed's George
16:30   Speaks on the               Low
        Economy in Nebraska

        USD Monthly Budget
19:00                              Medium   -$2.00B   -$27.41B
        Statement (JAN)

        AUD Westpac
23:30   Consumer Confidence        Medium              0.6%
        (FEB)

        AUD Westpac
23:30   Consumer Confidence         Low                100.6
        Index (FEB)

        JPY Tertiary Industry
23:50                              Medium    0.7%      -0.3%
        Index (MoM) (DEC)
                 JPY Domestic
         23:50   Corporate Goods Price      Low     -0.3%   -0.6%
                 Index (YoY) (JAN)
                 JPY Domestic
         23:50   Corporate Goods Price      Low     0.2%    0.3%
                 Index (MoM) (JAN)
                 USD Fed's Plosser
 Wed
Feb 13
         00:30   Speaks on Economic         Low
                 Outlook in Stanford
                 USD Fed's Lacker
         00:30   Speaks on Economics        Low
                 in Lancaster

                 CHF Producer & Import
         08:15                              Low     1.0%    1.0%
                 Prices (YoY) (JAN)

                 CHF Producer & Import
         08:15                              Low     0.0%    0.1%
                 Prices (MoM) (JAN)

                 EUR Euro-Zone
         10:00   Industrial Production     Medium   -2.4%   -3.7%
                 w.d.a. (YoY) (DEC)
                 EUR Euro-Zone
         10:00   Industrial Production      Low     0.2%    -0.3%
                 s.a. (MoM) (DEC)

                 GBP Bank of England
         10:30                              High
                 Inflation Report

                 USD MBA Mortgage
         12:00                              Low
                 Applications (FEB 8)

                 USD Advance Retail
         13:30                              High    0.1%    0.5%
                 Sales (JAN)

                 USD Retail Sales Less
         13:30                             Medium   0.1%    0.3%
                 Autos (JAN)

                 USD Retail Sales Ex
         13:30                              Low     0.4%    0.6%
                 Auto & Gas (JAN)

                 USD Retail Sales
         13:30                              Low     0.2%    0.6%
                 "Control Group" (JAN)

                 USD Import Price Index
         13:30                              Low             -1.5%
                 (YoY) (JAN)

                 USD Import Price Index
         13:30                              Low     0.8%    -0.1%
                 (MoM) (JAN)

                 USD Business
         15:00                             Medium   0.3%    0.3%
                 Inventories (DEC)

                 USD DOE U.S.
         15:30   Gasoline Inventories       Low
                 (FEB 8)

                 USD DOE U.S.
         15:30   Distillate Inventory       Low
                 (FEB 8)

                 USD DOE U.S. Crude
         15:30                              Low
                 Oil Inventories (FEB 8)

                 USD DOE Cushing OK
         15:30   Crude Inventory (FEB       Low
                 8)
                 USD Fed's Bullard to
                 Speak on Economy at
         16:10                              Low
                 Arkansas State
                 University
                 NZD Business NZ
                 Performance of
         21:30                            Medium           50.1
                 Manufacturing Index
                 (JAN)

                 NZD Food Prices
         21:45                             Low             -0.2%
                 (MoM) (JAN)

                 JPY Nominal Gross
         23:50   Domestic Product          High    0.0%    -0.9%
                 (QoQ) (4Q P)

                 JPY Gross Domestic
         23:50                             High    0.1%    -0.9%
                 Product (QoQ) (4Q P)

                 JPY Gross Domestic
         23:50   Product Annualized        High    0.4%    -3.5%
                 (4Q P)
                 JPY Gross Domestic
         23:50   Product Deflator (YoY)    Low     -0.5%   -0.8%
                 (4Q P)

 Thu             JPY Bank of Japan
Feb 14
                                           High    -0.2%   0.10%
                 Rate Decision (FEB 14)

                 CNY Actual FDI (YoY)
                                          Medium   -0.2%   -4.5%
                 (JAN)

                 AUD Consumer
         00:00   Inflation Expectation    Medium           2.0%
                 (FEB)

                 NZD ANZ Consumer
         00:00   Confidence (MoM)          Low             3.1%
                 (FEB)

                 NZD ANZ Consumer
         00:00   Confidence Index          Low             118.3
                 (FEB)

                 JPY Tokyo
         04:00   Condominium Sales         Low             -3.0%
                 (YoY) (JAN)

                 EUR French Gross
         06:30   Domestic Product         Medium   0.5%    0.0%
                 (YoY) (4Q P)

                 EUR French Gross
         06:30   Domestic Product          Low     -0.5%   0.1%
                 (QoQ) (4Q P)

                 EUR German Gross
         07:00   Domestic Product          High            0.9%
                 w.d.a. (YoY) (4Q P)
                 EUR German Gross
         07:00   Domestic Product          High            0.4%
                 n.s.a. (YoY) (4Q P)
                 EUR German Gross
         07:00   Domestic Product s.a.    Medium   0.2%    0.2%
                 (QoQ) (4Q P)

                 EUR ECB Publishes
         09:00                             High
                 Monthly Report

                 EUR Italian Gross
                 Domestic Product s.a.
         09:00                            Medium           -2.4%
                 and w.d.a. (YoY) (4Q
                 P)

                 EUR Italian Gross
                 Domestic Product s.a.
         09:00                             Low             -0.2%
                 and w.d.a. (QoQ) (4Q
                 P)
                 EUR Euro-Zone Gross
         10:00   Domestic Product s.a.     High             -0.6%
                 (YoY) (4Q A)
                 EUR Euro-Zone Gross
         10:00   Domestic Product s.a.    Medium            -0.1%
                 (QoQ) (4Q A)

                 USD Initial Jobless
         13:30                            Medium   360K     366K
                 Claims (FEB 10)

                 USD Continuing Claims
         13:30                             Low     3200K   3224K
                 (FEB 3)

                 USD EIA Natural Gas
         15:30   Storage Change (FEB       Low              -118
                 8)

                 NZD Retail Sales Ex
         21:45                            Medium            -0.4%
                 Inflation (QoQ) (4Q)

                 JPY Japan Buying
         23:50   Foreign Stocks (Yen)      Low
                 (FEB 8)
                 JPY Japan Buying
         23:50   Foreign Bonds (Yen)       Low
                 (FEB 8)
                 JPY Foreign Buying
         23:50   Japan Stocks (Yen)        Low             ¥419.5B
                 (FEB 8)
                 JPY Foreign Buying
         23:50   Japan Bonds (Yen)         Low
                 (FEB 8)

  Fri            USD Revisions of
                                           Low
Feb 15           Producer Price Index

                 CNY MNI February
         01:35   Flash Business            Low
                 Sentiment Indicator

                 NZD Non Resident
         02:00                             Low             64.0%
                 Bond Holdings (JAN)

                 JPY Industrial
         04:30   Production (YoY) (DEC    Medium            -7.8%
                 F) (DEC F)

                 JPY Industrial
         04:30   Production (MoM)          Low              2.5%
                 (DEC F) (DEC F)

                 JPY Capacity
         04:30   Utilization (MoM) (DEC    Low              -0.2%
                 F) (DEC F)

                 USD G20 Finance
                 Ministers and Central
         05:00                            Medium
                 Bank Governors
                 Meeting in Russia
                 GBP Retail Sales
         09:30   w/Auto Fuel (YoY)        Medium   0.9%     0.3%
                 (JAN)

                 GBP Retail Sales (YoY)
         09:30                            Medium   1.6%     1.1%
                 (JAN)

                 GBP Retail Sales
         09:30   w/Auto Fuel (MoM)         Low     0.5%     -0.1%
                 (JAN)

                 GBP Retail Sales
         09:30                             Low     0.5%     -0.3%
                 (MoM) (JAN)
                 EUR Euro-Zone Trade
   10:00         Balance s.a. (euros)      Low     10.6B   11.0B
                 (DEC)

                 EUR Euro-Zone Trade
   10:00                                   Low     12.0B   13.7B
                 Balance (euros) (DEC)

                 USD Empire
   13:30                                   Low      -2     -7.78
                 Manufacturing (FEB)

                 CAD Manufacturing
   13:30         Shipments (MoM)           Low     -0.5%   1.7%
                 (DEC)

                 USD Net Long-term
   14:00                                  Medium           $52.3B
                 TIC Flows (DEC)

                 CAD Existing Home
   14:00                                  Medium           -0.5%
                 Sales (MoM) (JAN)

                 USD Total Net TIC
   14:00                                   Low             $27.8B
                 Flows (DEC)

                 USD Manufacturing
   14:15                                  Medium   0.2%    0.8%
                 (SIC) Production (JAN)

                 USD Industrial
   14:15                                  Medium   0.2%    0.3%
                 Production (JAN)

                 USD Capacity
   14:15                                   Low     78.9%   78.8%
                 Utilization (JAN)

                 USD U. of Michigan
   14:55                                   High    74.5     73.8
                 Confidence (FEB P)




www.epicresearch.co                                                 + 91 9752199966
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