Daily i Forex Report 27 AUG 2013

Published on April 2019 | Categories: Documents | Downloads: 22 | Comments: 0 | Views: 255
of 14
Download PDF   Embed   Report

Comments

Content

DAILY IFOREX REPORT th

27

AUG 2013

HEADLINES





ASIA/EUROPE FOREX NEWS WRAP

TRADING TIPS 

SELL EURUSD BELOW

 After a strong midweek performance, perf ormance, the US Dollar slumped slum ped on Friday and its woes have continued into the last week of August. Sparked by a slew of weak housing figures on Friday, the buck’s

downturn has begun at a curious time for markets, given the fact that last week produced not only the July FOMC Minutes but also the Jackson Hole Economic Policy Symposium.

1.3380 TGT 1.3360/1.333 1.3360/1.3330 0 SL 1.3410

Indeed, there is one main takeaway from the fireworks (or lack thereof) last week: between now and September 19, the next FOMC meeting, only US economic data will drive market sentiment. Dovish or hawkish, the commentary was more or less the same from Fed officials this past week: ‘September would be an appropriate time to taper if the economic data is strong.’



SELL USDJPY ABOVE 98.40 TGT 98.10/97.70 SL 98.80

 SELL GBPUSD BELOW

1.5540 TGT 1.5520/1.549 1.5520/1.5490 0 SL 1.5570

The first such opportunity to see if US data is moving in the right direction is today in the form of the Durable Goods Orders report for  July. Durable goods are products with lifespans of three years or  longer (appliances, automobiles, etc), and therefore the report is viewed as a proxy to consumer confidence and credit.

In light of the recent upswing in financing costs, purchases that would be aided by lower rates have taken a hit in recent months (as seen on Friday, housing). We find that the July report should show no difference from the general trend. The weakness seen in the US Dollar to start the week reflects positioning for a weaker report; and a beat here would go a long way to ease sentiment and put favor  back in the buck’s court.

 HOURLY EURUSD CHART HOURLY EURUSD CHART

ANALYSIS EURUSD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>.0003(BEARISH SIGNAL) RSI => 47(BEARISH SIGNAL)

HOURLY USDJPY CHART

ANALYSIS USDJPY LOOKS DOWNWARDRD TREND: BEARISH STRATEGY: BUY ON DIPS MACD =>.10(BEARISH SIGNAL) RSI =>47(BEARISH SIGNAL)

ANALYSIS GBPUSD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MACD =>.0004(BEARISH SIGNAL) RSI =>40(BEARISH SIGNAL)

ANALYSIS EURGBP LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0004(BULLISH SIGNAL) RSI =>52(BULLISH SIGNAL)

ANALYSIS USD INDEX LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS MACD =>.0001(BULLISH SIGNAL) RSI =>54(BULLISH SIGNAL)

Date

Time

Sun  Aug 25

22:45

Importance

Actual

Forecast

Previous

NZD Balance (YTD) (New Zealand dollars) (JUL)

Medium

-1688M

-956M

-816M

22:45

NZD Trade Balance (New Zealand dollars) (JUL)

Medium

-774M

-16M

374M

22:45

NZD Exports (New Zealand dollars) (JUL)

Low

3.85B

3.90B

4.01B

22:45

NZD Imports (New Zealand dollars) (JUL)

Low

4.62B

3.90B

3.63B

23:50

JPY Corporate Service Price (YoY) (JUL)

Low

0.4%

0.4%

0.4%

JPY Japan Economic Panel Meets on Sales Tax Increase (26-31)

Medium

08:00

ECB's Jens Weidmann Speaks on Euro Economy

Medium

12:30

USD Durable Goods Orders (JUL)

High

-4.0%

3.9%

12:30

USD Durables Ex Transportation (JUL)

Medium

0.5%

-0.1%

12:30

USD Cap Goods Orders Nondef Ex Air  (JUL)

Low

0.5%

0.9%

12:30

USD Cap Goods Ship Nondef Ex Air (JUL)

Low

0.3%

-0.9%

14:30

USD Dallas Fed Manufacturing Activity (AUG)

Low

3.9

4.4

21:00

USD EIA Gasoline and Diesel Fuel Update

Low

01:30

CNY Industrial Profits YTD (YoY) (JUL)

Low

11.1%

05:00

JPY Small Business Confidence (AUG)

Medium

49.4

08:00

EUR German IFO Business Climate (AUG)

Medium

107

106.2

08:00

EUR German IFO Current Assessment (AUG)

Medium

111

110.1

08:00

EUR German IFO Expectations (AUG)

Medium

103.1

102.4

10:50

USD Fed's Williams Speaks on Monetary Policy in Sweden

Low

11:00

EUR ECB's Coeure Speaks In Gothenburg, Sweden

Low

13:00

USD S&P/CS 20 City s.a. (MoM) (JUN)

Low

1.0%

1.1%

13:00

USD S&P/Case-Shiller  Composite-20 (YoY) (JUN)

Low

12.1%

12.2%

Mon  Aug 26

Tue  Aug 27

Currency

Event

Notes

13:00

USD S&P/Case-Shiller  Home Price Index (JUN)

Low

13:00

USD S&P/Case-Shiller  US Home Price Index (2Q)

Low

136.7

13:00

USD S&P/Case-Shiller  US Home Price Index (YoY) (2Q)

Low

10.2%

USD Consumer  Confidence (AUG)

High

79.0

80.3

USD Richmond Fed Manufacturing Index (AUG)

Low

0

-11

CNY Leading Index (JUL)

Medium

99.55

 AUD CBAHIA House  Affordability (2Q)

Low

69.7

14:00 LIVE

14:00

Wed  Aug 28

00:00

159.40

156.14

GBP Nationwide House Prices s.a. (MoM) (AUG)

Low

JPY BoJ Deputy Governor Iwata Speak at Kyoto Chamber of  Commerce

Low

01:30

 AUD Construction Work Done (2Q)

Low

06:00

CHF UBS Consumption Indicator (JUL)

Medium

06:00

EUR German GfK Consumer Confidence Survey (SEP)

Medium

7.1

7.0

06:00

EUR German Import Price Index (MoM) (JUL)

Low

0.3%

-0.8%

06:00

EUR German Import Price Index (YoY) (JUL)

Low

-2.5%

-2.2%

08:00

EUR Euro-Zone M3 s.a. (3M) (JUL)

Low

2.4%

2.8%

08:00

EUR Euro-Zone M3 s.a. (YoY) (JUL)

Low

2.0%

2.3%

10:00

GBP CBI Reported Sales (AUG)

Low

20

17

11:00

USD MBA Mortgage  Applications (AUG 23)

Low

-4.6%

12:30

CAD Average Weekly Earnings (YoY) (JUN)

Low

2.5%

12:45

GBP Bank of England Governor Carney to Speak on U.K. Economy

Medium

14:00

USD Pending Home Sales (YoY) (JUL)

Medium

14:00

USD Pending Home Sales (MoM) (JUL)

Low

14:30

USD DOE Cushing OK Crude Inventory (AUG 23)

Low

-1090K

14:30

USD DOE U.S. Crude Oil Inventories (AUG 23)

Low

-1428K

0.6%

0.8%

1.0%

-2.0%

1.44

9.1%

0.0%

-0.4%

Thu  Aug 29

14:30

USD DOE U.S. Distillate Inventory (AUG 23)

Low

871K

14:30

USD DOE U.S. Gasoline Inventories (AUG 23)

Low

-4029K

23:50

JPY Japan Buying Foreign Bonds (Yen) (AUG 23)

Medium

-¥903.8B

23:50

JPY Japan Buying Foreign Stocks (Yen) (AUG 23)

Medium

-¥3.0B

23:50

JPY Large Retailers' Sales (JUL)

Medium

-0.5%

3.5%

23:50

JPY Retail Trade (YoY) (JUL)

Medium

-0.3%

1.6%

23:50

JPY Foreign Buying Japan Bonds (Yen) (AUG 23)

Low

 ¥38.7B

23:50

JPY Foreign Buying Japan Stocks (Yen) (AUG 23)

Low

 ¥47.9B

23:50

JPY Loans & Discounts Corp (YoY) (JUL)

Low

1.7%

23:50

JPY Retail Trade s.a. (MoM) (JUL)

Low

01:00

 AUD HIA New Home Sales (MoM) (JUL)

Medium

3.4%

01:00

NZD NBNZ Business Confidence (AUG)

Medium

52.8

01:00

NZD ANZ Activity Outlook (AUG)

Low

43.7

01:30

 AUD Private Capital Expenditure (2Q)

01:30

JPY BOJ Board Member Morimoto Speech

Low

07:55

EUR German Unemployment Change (AUG)

07:55

-1.0%

-0.2%

0.0%

-4.7%

High

-5K

-7K

EUR German Unemployment Rate s.a. (AUG)

High

6.8%

6.8%

08:30

GBP Lloyds Business Barometer (AUG)

Low

12:00

EUR German Consumer Price Index EU Harmonised (YoY) (AUG P)

High

1.7%

1.9%

12:00

EUR German Consumer Price Index (YoY) (AUG P)

High

1.7%

1.9%

12:00

EUR German Consumer Price Index EU Harmonised (MoM) (AUG P)

Medium

0.1%

0.4%

12:00

EUR German Consumer Price Index (MoM) (AUG P)

Medium

0.1%

0.5%

12:30

USD Core Personal Consumption Expenditure (QoQ) (2Q S)

Medium

0.8%

0.8%

Low

41

12:30

USD Gross Domestic Product (Annualized) (2Q S)

Medium

2.2%

1.7%

12:30

USD Gross Domestic Product Price Index (2Q S)

Medium

0.7%

0.7%

12:30

USD Initial Jobless Claims (AUG 23)

Medium

12:30

USD Personal Consumption (2Q S)

Medium

1.8%

1.8%

12:30

CAD Current Account (BoP) (Canadian dollar) (2Q)

Low

-$14.8B

-$14.1B

12:30

CAD Industrial Product Price (MoM) (JUL)

Low

0.3%

0.3%

12:30

CAD Raw Materials Price Index (MoM) (JUL)

Low

0.7%

0.3%

12:30

USD Continuing Claims (AUG 17)

Low

2990K

2990K

12:50

USD Fed's Bullard to Speak to Leadership Memphis

Low

14:30

USD EIA Natural Gas Storage Change (AUG 23)

Low

18:00

USD Fed's Lacker  Speaks in Virginia

Low

22:45

NZD Building Permits (MoM) (JUL)

Medium

1.3%

-4.0%

23:05

GBP GfK Consumer  Confidence Survey (AUG)

Medium

-14

-16

23:15

JPY Nomura/JMMA Manufacturing Purchasing Manager  Index (AUG)

Medium

23:30

JPY National Consumer  Price Index (YoY) (JUL)

330K

57

50.7

High

0.7%

0.2%

JPY Household Spending (YoY) (JUL)

Medium

0.2%

-0.4%

JPY Jobless Rate (JUL)

Medium

3.9%

3.9%

23:30

JPY National Consumer  Price Index Ex-Fresh Food (YoY) (JUL)

Medium

0.6%

0.4%

23:30

JPY National Consumer  Price Index Ex Food, Energy (YoY) (JUL)

Medium

-0.2%

-0.2%

23:30

JPY Job-To-Applicant Ratio (JUL)

Low

0.93

0.92

23:30

JPY Tokyo Consumer  Price Index Ex-Fresh Food (YoY) (AUG)

Low

0.4%

0.3%

23:30

JPY Tokyo Consumer  Price Index Ex Food, Energy (YoY) (AUG)

Low

-0.3%

-0.4%

23:30

JPY Tokyo Consumer  Price Index (YoY) (AUG)

Low

0.5%

0.4%

23:45

USD Fed's James Bullard to Speak on U.S. Economy

LIVE

23:30

23:30 LIVE

Medium

Fri  Aug 30

23:50

JPY Industrial Production (YoY) (JUL P)

Medium

1.8%

-4.6%

23:50

JPY Industrial Production (MoM) (JUL P)

Low

3.7%

-3.1%

01:30

 AUD Private Sector  Credit (YoY) (JUL)

Medium

3.1%

3.1%

01:30

 AUD Private Sector  Credit (MoM) (JUL)

Low

0.4%

0.4%

01:45

CNY MNI August Business Sentiment Indicator 

Low

03:00

NZD Money Supply M3 (YoY) (JUL)

Low

6.2%

04:00

JPY Vehicle Production (YoY) (JUL)

Low

-9.5%

05:00

JPY Annualized Housing Starts (JUL)

Medium

0.996M

0.976M

05:00

JPY Housing Starts (YoY) (JUL)

Medium

14.3%

15.3%

05:00

JPY Construction Orders (YoY) (JUL)

Low

06:00

GBP Nationwide House Prices n.s.a. (YoY) (AUG)

Medium

3.3%

3.9%

06:00

EUR German Retail Sales (YoY) (JUL)

Medium

1.7%

-2.8%

06:00

EUR German Retail Sales (MoM) (JUL)

Low

0.6%

-1.5%

07:00

CHF KOF Swiss Leading Indicator  (AUG)

Medium

1.33

1.23

08:00

EUR Italian Unemployment Rate (JUL P)

Low

12.2%

12.1%

08:00

EUR Italian Unemployment Rate s.a. (2Q)

Low

12.1%

11.9%

08:30

GBP Mortgage  Approvals (JUL)

Medium

59.0K

57.7K

08:30

GBP Net Consumer  Credit (JUL)

Medium

0.7B

0.5B

08:30

GBP M4 Ex IOFCs 3M  Annualised (JUL)

Low

3.9%

4.7%

08:30

GBP M4 Money Supply (MoM) (JUL)

Low

0.1%

08:30

GBP M4 Money Supply (YoY) (JUL)

Low

1.5%

08:30

GBP Net Lending Sec. on Dwellings (JUL)

Low

1.2B

1.0B

09:00

EUR Euro-Zone Consumer Price Index Core (YoY) (AUG A)

High

1.1%

1.1%

09:00

EUR Euro-Zone Consumer Confidence (AUG F)

Medium

21.9%

09:00

EUR Euro-Zone Consumer Price Index Estimate (YoY) (AUG)

Medium

1.4%

1.6%

09:00

EUR Euro-Zone Unemployment Rate (JUL)

Medium

12.1%

12.1%

09:00

EUR Euro-Zone Business Climate Indicator (AUG)

Low

-0.36

-0.53

09:00

EUR Euro-Zone Economic Confidence (AUG)

Low

93.8

92.5

09:00

EUR Euro-Zone Industrial Confidence (AUG)

Low

-9.6

-10.6

09:00

EUR Euro-Zone Services Confidence (AUG)

Low

-6.7

-7.8

CAD Gross Domestic Product (YoY) (JUN)

High

CAD Quarterly Gross Domestic Product  Annualized (2Q)

High

1.6%

2.5%

CAD Gross Domestic Product (MoM) (JUN)

Medium

-0.5%

0.2%

12:30

USD Personal Consumption Expenditure Core (YoY) (JUL)

Medium

1.3%

1.2%

12:30

USD Personal Income (JUL)

Medium

0.2%

0.3%

12:30

USD Personal Spending (JUL)

Medium

0.3%

0.5%

12:30

USD Personal Consumption Expenditure Core (MoM) (JUL)

Low

0.2%

0.2%

12:30

USD Personal Consumption Expenditure Deflator  (MoM) (JUL)

Low

0.2%

0.4%

12:30

USD Personal Consumption Expenditure Deflator  (YoY) (JUL)

Low

1.5%

1.3%

13:00

USD Fed's Bullard to Speak on U.S. Economy in Memphis

Low

13:00

USD NAPM-Milwaukee (AUG)

Low

13:45

USD Chicago Purchasing Manager  (AUG)

Medium

53.0

52.3

13:55

USD U. of Michigan Confidence (AUG F)

Medium

80.5

80.0

12:30 LIVE

12:30 LIVE

12:30 LIVE

1.6%

52.43

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 re liable. This material is for personal information and based upon it & takes no resp onsibility 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 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.

Sponsor Documents

Or use your account on DocShare.tips

Hide

Forgot your password?

Or register your new account on DocShare.tips

Hide

Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in

Close