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DAILY I FOREX REPORT 13TH FEBRUARY 2013 WWW.EPICRESEARCH.CO +91 9752199966 HEADLINES 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 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. 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