1. DAILY I FOREX REPORT
29TH JANUARY 2013
WWW.EPICRESEARCH.CO +91 9752199966

2. HEADLINES
 Forex News: France FinMin
Moscovici Says 75% Tax Is
Still Necessary
 Forex: Dollar Closes Week
at Six Month High, FOMC
and GDP Ahead
TRADING TIPS  Forex Analysis: EUR/JPY
Potentially Repeating
 SELL EURUSD BELOW Pattern From 12 Years Ago
1.3430 tgs Forex Analysis: British
1.3415/1.3400 sl Pound Sinks as Carney
Hints at More Easing
1.3450
The British Pound broadly underperformed in
overnight trade, down against its top counterparts. The
 SELL GBPUSD BELOW
selloff followed comments from incoming Bank of
1.5700 tgt England Governor Mark Carney, who is due to replace
the current BOE chief Mervyn King in July. Carney said
1.5685/1.5670 SL
central banks have not “maxed out” the possibilities for
1.57.25 further stimulus and may do more, stressing the need
to achieve “escape velocity” as developed economies
struggle to pick up pace in the aftermath of the Great
 BUY EURGBP ABOVE Recession. The remarks hinted that Carney will pursue
.8565 tgt further accommodation when he takes the reins at
Threadneedle Street.
.8579/.8593 SL .8545
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3.  HOURLYEURUSD CHART
HOURLY EURUSD CHART

ANALYSIS
OPEN: 1.3465
HIGH: 1.3470
LOW: 1.3425
CLOSE: 1.3448
 EURUSD LOOKS DOWNWARD
 TREND: BEARISH
 STRATEGY: SELL ON RISE
 MACD =>. -0005(BEARISH SIGNAL)
 RSI => 45.06(BEARISH SIGNAL)

4. HOURLY USDJPY CHART
 HOURLY USDJPY CHART
ANALYSIS
OPEN: 91.18
HIGH: 91.18
LOW: 90.56
CLOSE: 90.76
 USDJPY LOOKS UPWARD
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
 MACD => 0000( BULLISH SIGNAL)
 RSI =>52(BULLISH SIGNAL)

5.  HOURLY GBPUSD CHART
HOURLY GBPUSD CHART
ANALYSIS
OPEN: 1.5773
HIGH: 1.5780
LOW: 1.5710
CLOSE: 1.5716
 GBPUSD LOOKS DOWNWARD
 TREND: BEARISH
 STRATEGY: SELL ON RISE
 MACD => -.0005( BEARISH SIGNAL)
 RSI => 45(BEARISH SIGNAL)

6. HOURLY EURGBP CHART
HOURLY EURGBP CHART
ANALYSIS
OPEN: 0.8536
HIGH: 0.8559
LOW: 0.8530
CLOSE: 0.8553
 EURGBP LOOKS UPWARDS
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
 MACD =>.0022(BULLISH SIGNAL)
 RSI =>75.15(BULLISH SIGNAL)
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7. HOURLY USDINDEX CHART
ANALYSIS
OPEN: 79.9970
HIGH: 80.0860
LOW: 79.7120
CLOSE: 79.7460
 USDINDEX LOOKS UPWARD
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
 MACD =>-0.0125(BULLISH SIGNAL)
 RSI =>54(BULLISH SIGNAL)
ECONOMIC CALENDER

8. Date Time Currency Event Importance Actual Forecast Previous Notes
Sun CNY Industrial Profits
Jan 27
01:30 Medium 5.3% 3.0%
YTD (YoY) (DEC)
NZD Performance
21:30 Low 51.5 54.2
Services Index (DEC)
JPY Corporate Service
23:50 Low -0.4% -0.5% -0.5%
Price (YoY) (DEC)
Mon CNY Leading Index
Jan 28
Medium 100.21
(DEC)
GBP Hometrack
00:01 Housing Survey (MoM) Low 0.0% -0.1%
(JAN)
GBP Hometrack
00:01 Housing Survey (YoY) Low -0.3% -0.3%
(JAN)
EUR Euro-Zone M3
09:00 Low 3.7% 3.8% 3.4%
s.a. (3M) (DEC)
EUR Euro-Zone M3
09:00 Low 3.3% 3.9% 3.8%
s.a. (YoY) (DEC)
USD Durable Goods
13:30 High 2.0% 0.8%
Orders (DEC)
USD Durables Ex
13:30 Medium 0.8% 1.6%
Transportation (DEC)
USD Cap Goods
13:30 Orders Nondef Ex Air Low -1.0% 2.6%
(DEC)
USD Cap Goods Ship
13:30 Low 0.5% 2.0%
Nondef Ex Air (DEC)
USD Pending Home
15:00 Low 0.1% 1.7%
Sales (MoM) (DEC)
USD Pending Home
15:00 Medium 12.5% 8.9%
Sales (YoY) (DEC)
USD Dallas Fed
15:30 Manufacturing Activity Low 3.0 6.8
(JAN)
NZD Trade Balance
21:45 (New Zealand dollars) Medium -105M -700M
(DEC)
NZD Balance (YTD)
21:45 (New Zealand dollars) Medium -1870B -1457B
(DEC)
NZD Exports (New
21:45 Low 3.98B 3.81B
Zealand dollars) (DEC)
NZD Imports (New
21:45 Low 4.13B 4.51B
Zealand dollars) (DEC)
AUD Conference Board
23:00 Medium 0.2%
Leading Index (NOV)
Tue AUD NAB Business
Jan 29
00:30 Low -5
Conditions (DEC)
AUD NAB Business
00:30 Medium -9
Confidence (DEC)

9. JPY Small Business
05:00 Medium 43.8
Confidence (JAN)
EUR German Import
07:00 Price Index (MoM) Low -0.1% 0.0%
(DEC)
EUR German GfK
07:00 Consumer Confidence Medium 5.7 5.6
Survey (FEB)
EUR German Import
07:00 Price Index (YoY) Low 0.9% 1.1%
(DEC)
USD S&P/CS 20 City
14:00 Low 0.7% 0.7%
(MoM) s.a. (NOV)
USD S&P/Case-Shiller
14:00 Composite-20 (YoY) Low 5.6% 4.3%
(NOV)
USD S&P/Case-Shiller
14:00 Home Price Index Low 146.08
(NOV)
USD Consumer
15:00 High 64 65.1
Confidence (JAN)
NZD Building Permits
21:45 Low 6.0% -5.4%
(MoM) (DEC)
JPY Retail Trade s.a.
23:50 Low 0.4% 0.0%
(MoM) (DEC)
JPY Retail Trade (YoY)
23:50 Medium 0.3% 1.3%
(DEC)
JPY Large Retailers'
23:50 Medium -1.0% 0.9%
Sales (DEC)
AUD DEWR Internet
Wed
Jan 30
00:00 Skilled Vacancies Low -3.5%
(MoM) (DEC)
CHF UBS Consumption
07:00 Medium 1.23
Indicator (DEC)
CHF KOF Swiss
08:00 Medium 1.2 1.28
Leading Indicator (JAN)
GBP Net Consumer
09:30 Medium 0.2B 0.1B
Credit (DEC)
GBP Net Lending Sec.
09:30 Medium 0.6B -0.2B
on Dwellings (DEC)
GBP Mortgage
09:30 Medium 54.5K 54.0K
Approvals (DEC)
GBP M4 Money Supply
09:30 Low -0.2%
(MoM) (DEC)
GBP M4 Money Supply
09:30 Low -2.8%
(YoY) (DEC)
GBP M4 Ex IOFCs 3M
09:30 Low 4.3%
Annualised (DEC)
EUR Euro-Zone
10:00 Economic Confidence Low 88.2 87
(JAN)
EUR Euro-Zone
10:00 Low -1 -1.12
Business Climate

10. Indicator (JAN)
EUR Euro-Zone
10:00 Industrial Confidence Low -13.5 -14.4
(JAN)
EUR Euro-Zone
10:00 Consumer Confidence Medium -23.9 -23.9
(JAN F)
EUR Euro-Zone
10:00 Services Confidence Low -9 -9.8
(JAN)
USD MBA Mortgage
12:00 Low 7.0%
Applications (JAN 25)
USD ADP Employment
13:15 Medium 163K 215K
Change (JAN)
USD Gross Domestic
13:30 Product (Annualized) High 1.2% 3.1%
(4Q A)
USD Gross Domestic
13:30 Product Price Index High 1.5% 2.7%
(4Q A)
USD Core Personal
Consumption
13:30 Medium 1.0% 1.1%
Expenditure (QoQ) (4Q
A)
USD Personal
13:30 Medium 1.8% 1.6%
Consumption (4Q A)
USD DOE U.S. Crude
15:30 Oil Inventories (JAN Low 2813K
25)
USD DOE Cushing OK
15:30 Crude Inventory (JAN Low -471K
25)
USD DOE U.S.
15:30 Gasoline Inventories Low -1738K
(JAN 25)
USD DOE U.S.
15:30 Distillate Inventory Low 508K
(JAN 25)
USD Federal Open
19:15 Market Committee Rate High 0.25%
Decision (JAN 30)
NZD Reserve Bank of
20:00 New Zealand Rate High 2.50% 2.50%
Decision (JAN 31)
JPY Japan Buying
23:50 Foreign Bonds (Yen) Low -¥35.2B
(JAN 25)
JPY Japan Buying
23:50 Foreign Stocks (Yen) Low -¥235.3B
(JAN 25)
JPY Foreign Buying
23:50 Japan Bonds (Yen) Low ¥485.7B
(JAN 25)
JPY Foreign Buying
23:50 Japan Stocks (Yen) Low ¥196.2B
(JAN 25)
JPY Loans & Discounts
23:50 Low 0.4%
Corp (YoY) (DEC)

11. JPY Industrial
23:50 Production (MoM) Low 4.1% -1.4%
(DEC P)
JPY Industrial
23:50 Production (YoY) (DEC Medium -5.6% -5.5%
P)
Thu AUD HIA New Home
Jan 31
00:00 Medium 4.7%
Sales (MoM) (DEC)
JPY Bank of Japan
Deputy Governor Medium
Yamaguchi Speaks
GBP GfK Consumer
00:01 Confidence Survey Medium -28 -29
(JAN)
AUD Private Sector
00:30 Low 0.2% 0.0%
Credit (MoM) (DEC)
AUD Private Sector
00:30 Medium 3.4% 3.5%
Credit (YoY) (DEC)
AUD Export Price Index
00:30 Low -1.5% -6.4%
(QoQ) (4Q)
AUD Import Price Index
00:30 Low 0.4% -2.4%
(QoQ) (4Q)
JPY Labor Cash
01:30 Medium -1.1%
Earnings (YoY) (DEC)
NZD Money Supply M3
02:00 Low 5.0%
(YoY) (DEC)
JPY Vehicle Production
04:00 Low -8.4%
(YoY) (DEC)
JPY Housing Starts
05:00 Medium 13.5% 10.3%
(YoY) (DEC)
JPY Annualized
05:00 Medium 0.895M 0.907M
Housing Starts (DEC)
JPY Construction
05:00 Low -2.1%
Orders (YoY) (DEC)
GBP Nationwide House
07:00 Prices s.a. (MoM) Low 0.2% -0.1%
(JAN)
GBP Nationwide House
07:00 Prices n.s.a. (YoY) Medium -0.5% -1.0%
(JAN)
EUR German Retail
07:00 Low -0.1% 1.2%
Sales (MoM) (DEC)
EUR German Retail
07:00 Medium -1.3% -0.9%
Sales (YoY) (DEC)
EUR German
08:55 Unemployment Change High 8K 3K
(JAN)
EUR German
08:55 Unemployment Rate Medium 6.9% 6.9%
s.a. (JAN)
EUR Euro-Zone
10:00 Consumer Price Index Medium 2.2%
Estimate (YoY) (JAN)

12. USD Challenger Job
12:30 Low -22.1%
Cuts (YoY) (JAN)
EUR German
13:00 Consumer Price Index Medium -0.5% 0.9%
(MoM) (JAN P)
EUR German
13:00 Consumer Price Index High 2.0% 2.1%
(YoY) (JAN P)
EUR German
Consumer Price Index -
13:00 Medium -0.5% 0.9%
EU Harmonised (MoM)
(JAN P)
EUR German
Consumer Price Index -
13:00 High 2.0% 2.0%
EU Harmonised (YoY)
(JAN P)
CAD Gross Domestic
13:30 Medium 0.2% 0.1%
Product (MoM) (NOV)
CAD Gross Domestic
13:30 High 1.1%
Product (YoY) (NOV)
USD Employment Cost
13:30 Low 0.5% 0.4%
Index (4Q)
USD Personal Income
13:30 Medium 0.8% 0.6%
(DEC)
USD Personal
13:30 Medium 0.3% 0.4%
Spending (DEC)
USD Personal
Consumption
13:30 Low 0.0% -0.2%
Expenditure Deflator
(MoM) (DEC)
USD Personal
Consumption
13:30 Low 1.4% 1.4%
Expenditure Deflator
(YoY) (DEC)
USD Personal
Consumption
13:30 Low 0.1% 0.0%
Expenditure Core
(MoM) (DEC)
USD Personal
Consumption
13:30 Low 1.5% 1.5%
Expenditure Core
(YoY) (DEC)
USD Initial Jobless
13:30 Medium 355K 330K
Claims (JAN 27)
USD Continuing Claims
13:30 Low 3157K
(JAN 20)
CAD Industrial Product
13:30 Low 0.0% -0.3%
Price (MoM) (DEC)
CAD Raw Materials
13:30 Price Index (MoM) Low 0.8% -1.9%
(DEC)
USD NAPM-Milwaukee
14:00 Low
(JAN)
USD Chicago
14:45 Purchasing Manager Low 51 51.6
(JAN)

13. USD EIA Natural Gas
15:30 Storage Change (JAN Low -172
25)
NZD Net Migration s.a.
21:45 Low 590
(DEC)
AUD AiG Performance
22:30 of Manufacturing Index Medium 44.3
(JAN)
AUD RPData-Rismark
23:00 Low -0.30%
House PX Actual (JAN)
JPY Jobless Rate
23:30 Medium 4.10% 4.1%
(DEC)
JPY Job-To-Applicant
23:30 Low 0.8 0.8
Ratio (DEC)
JPY Household
23:30 Medium -0.2% 0.2%
Spending (YoY) (DEC)
Fri JPY Official Reserve
Feb 1
Low $1268.1B
Assets (JAN)
AUD Producer Price
00:30 Medium 0.3% 0.6%
Index (QoQ) (4Q)
AUD Producer Price
00:30 Medium 1.2% 1.1%
Index (YoY) (4Q)
CNY Manufacturing
01:00 Medium 51 50.6
PMI (JAN)
CNY HSBC
01:45 Manufacturing PMI Medium 52 51.5
(JAN)
JPY Vehicle Sales
05:00 Low -3.4%
(YoY) (JAN)
AUD RBA Commodity
05:30 Low 89.2
Price Index (JAN)
AUD RBA Commodity
05:30 Low -8.0%
Index SDR (YoY) (JAN)
CHF SVME-Purchasing
08:30 Medium 50.4 49.5
Managers Index (JAN)
EUR Italian Purchasing
08:45 Manager Index Low 47.6 46.7
Manufacturing (JAN)
EUR French
Purchasing Manager
08:50 Low 42.9 42.9
Index Manufacturing
(JAN F)
EUR German
Purchasing Manager
08:55 Medium 48.8 48.8
Index Manufacturing
(JAN F)
EUR Euro-Zone
Purchasing Manager
09:00 Medium 47.5 47.5
Index Manufacturing
(JAN F)
EUR Italian
09:00 Unemployment Rate Low 11.3% 11.1%
s.a. (DEC P)
GBP Purchasing
09:30 Medium 51 51.4
Manager Index

14. Manufacturing (JAN)
EUR Euro-Zone
10:00 Unemployment Rate Medium 11.9% 11.8%
(DEC)
USD Change in Non-
13:30 High 155K 155K
farm Payrolls (JAN)
USD Change in Private
13:30 Medium 162K 168K
Payrolls (JAN)
USD Change in
13:30 Manufacturing Payrolls Low 10K 25K
(JAN)
USD Unemployment
13:30 High 7.8% 7.8%
Rate (JAN)
USD Average Hourly
13:30 Earning (MoM) All Medium 0.2% 0.3%
Employees (JAN)
USD Average Hourly
13:30 Earning (YoY) All Medium 2.1% 2.1%
Employees (JAN)
USD Average Weekly
13:30 Hours All Employees Low 34.5 34.5
(JAN)
USD Change in
13:30 Household Medium 28
Employment (JAN)
USD Underemployment
13:30 Medium 14.4%
Rate (U6) (JAN)
USD Markit US PMI
13:58 Low
Final (JAN)
USD U. of Michigan
14:55 Medium 71.3 71.3
Confidence (JAN F)
USD Construction
15:00 Medium 0.5% -0.3%
Spending (MoM) (DEC)
USD ISM
15:00 High 50.5 50.7
Manufacturing (JAN)
USD ISM Prices Paid
15:00 Medium 56 55.5
(JAN)
USD Domestic Vehicle
22:00 Low 12.00M 11.97M
Sales (JAN)
USD Total Vehicle
22:00 Low 15.20M 15.30M
Sales (JAN)

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