1. DAILY I FOREX REPORT
25TH
JULY 2013
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 Aussie And Yen Both Decline On A Mix Of
Chinese And European PMIs
 Euro Rallies as PMI Knocks Out
Expectations
THE TAKEAWAY: The composite output
index was reported above 50.4, above
expectations -> Markit says Euro-zone may
pull out of recession in Q3 -> Euro rallies
The composite output index, which was reported at
50.4, showed rising output for the first time in 18
months, beating expectations for the composite
number to only rise to 49.1 from 48.7 in June. The
manufacturing PMI also beat expectations at 50.1,
the first index reflecting expanding manufacturing
activity in two years. The PMI for services beat
expectations at 50.4.
The initial estimate of French PMI’s also beat
expectations, at 49.8 and 48.3 for manufacturing
and services activity respectively. The German PMI
for services rose to 52.5, beating expectations for
only a small rise from 50.4 in June to 50.7. The
German manufacturing PMI was reported at 50.3,
beating expectations for 49.2.
The above-neutral PMI’s bode well for Euro traders
looking to see an end of the six straight quarter
recession in the Euro-zone. ECB President Draghi
said he expects the region will see an expanding
economy before the end of 2013. However, Markit
suggested the end of the recession may happen
even sooner. “The best PMI reading for one-and-a-
half years provides encouraging evidence to
suggest that the euro area could – at long last – pull
out of its recession in the third quarter,” said Markit
Chief Economist Chris Williamson.
TRADING TIPS
 BUY EURUSD ABOVE
1.3250 TGT 1.3270/1.3290
SL 1.3220
 SELL USDJPY BELOW 99.80
TGT 99.60/99.40 SL 100.10
 BUY GBPUSD ABOVE
1.5400 TGT 1.5420/1.5440
SL 1.5370
HEADLINES

3.  HOURLY EURUSD CHARTHOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0030 (BULLISH SIGNAL)
RSI => 59 (BULLISH SIGNAL)
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4. HOURLY USDJPY CHART
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ANALYSIS
USDJPY LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.10(BEARISH SIGNAL)
RSI =>60(BEARISH SIGNAL)

5. HOURLY GBPUSD CHART
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ANALYSIS
GBPUSD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0002(BULLISH SIGNAL)
RSI =>41(BULLISH SIGNAL)

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HOURLY EURGBP CHART
ANALYSIS
EURGBP LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0004(BULLISH SIGNAL)
RSI =>75(BULLISH SIGNAL)

7. HOURLY USD INDEX CHART
ANALYSIS
USD INDEX LOOKS DOWNWARD
TREND: BEARIISH
STRATEGY: SELL ON RISE
MACD =>.0138(BEARISH SIGNAL)
RSI =>33(BEARISH SIGNAL)

8. Date Time Currency Event Importance Actual Forecast Previous Notes
Mon
Jul 22
JPY BOJ Policy Board
Member Sato Speaks in
Fukushima
Low
05:00
JPY Supermarket Sales
(YoY) (JUN)
Low 2.7% -1.2%
07:00
CHF Money Supply M3
(YoY) (JUN)
Low 11.6% 9.7%
07:00
JPY Convenience Store
Sales (YoY) (JUN)
Low 0.1% -1.2%
12:30
USD Chicago Fed Nat
Activity Index (JUN)
Medium 0.00 -0.30
14:00
USD Existing Home
Sales (JUN)
Low 5.25M 5.18M
14:00
USD Existing Home
Sales (MoM) (JUN)
Medium 1.4% 4.2%
21:00
USD EIA Gasoline and
Diesel Fuel Update
Low
Tue
Jul 23
CHF Real Estate Index
Family Homes (2Q)
Low 425.2
JPY Cabinet Office
Monthly Economic
Report for July
High
08:30
GBP BBA Loans for
House Purchase (JUN)
Medium 38300 36102
12:30
CAD Retail Sales
(MoM) (MAY)
Medium 0.4% 0.1%
12:30
CAD Retail Sales Less
Autos (MoM) (MAY)
Low 0.4% -0.3%
13:00
USD House Price Index
(MoM) (MAY)
Medium 0.8% 0.7%
14:00
USD Richmond Fed
Manufacturing Index
(JUL)
Low 10 8
14:00
EUR Euro-Zone
Consumer Confidence
(JUL A)
Medium -18.3 -18.8
22:45
NZD Trade Balance
(New Zealand dollars)
(JUN)
Medium 105M 71M
22:45
NZD Exports (New
Zealand dollars) (JUN)
Low 4.01B 4.08B
22:45
NZD Imports (New
Zealand dollars) (JUN)
Low 3.90B 4.01B
22:45
NZD Balance (YTD)
(New Zealand dollars)
(JUN)
Medium -1050M -869M
ECONOMIC CALLENDER

9. 23:50
JPY Merchandise
Trade Balance Total
(Yen) (JUN)
Medium -¥150.0B -¥996.4B
23:50
JPY Adjusted
Merchandise Trade
Balance (Yen) (JUN)
Low -¥573.5B -¥821.0B
23:50
JPY Merchandise
Trade Exports (YoY)
(JUN)
Low 10.0 10.1
23:50
JPY Merchandise
Trade Imports (YoY)
(JUN)
Low 13.6 10.1
Wed
Jul 24
01:00
AUD DEWR Internet
Skilled Vacancies
(MoM) (JUN)
Low -0.5%
01:30
LIVE
AUD Consumer Prices
Index (QoQ) (2Q)
Medium 0.5% 0.4%
01:30
LIVE
AUD Consumer Prices
Index (YoY) (2Q)
High 2.5% 2.5%
01:30
AUD Consumer Prices
Index RBA Trimmed
Mean (QoQ) (2Q)
Low 0.5% 0.3%
01:30
AUD Consumer Prices
Index RBA Trimmed
Mean (YoY) (2Q)
Low 2.1% 2.2%
01:30
AUD Consumer Prices
Index RBA Weighted
Median (QoQ) (2Q)
Low 0.5% 0.5%
01:30
AUD Consumer Prices
Index RBA Weighted
Median (YoY) (2Q)
Low 2.4% 2.6%
01:45
CNY HSBC Flash
Manufacturing PMI
(JUL)
Medium 48.5 48.2
07:00
EUR French
Purchasing Manager
Index Manufacturing
(JUL P)
Low 48.8 48.4
07:00
EUR French
Purchasing Manager
Index Services (JUL P)
Low 47.5 47.2
07:30
EUR German
Purchasing Manager
Index Manufacturing
(JUL A)
Medium 49.2 48.6
07:30
EUR German
Purchasing Manager
Index Services (JUL A)
Medium 50.7 50.4
08:00
LIVE
EUR Euro-Zone
Purchasing Manager
Index Manufacturing
(JUL A)
Medium 49.1 48.8
08:00
LIVE
EUR Euro-Zone
Purchasing Manager
Index Services (JUL A)
Medium 48.7 48.3
08:00
LIVE
EUR Euro-Zone
Purchasing Manager
Index Composite (JUL
A)
Medium 49.1 48.7
10:00
GBP CBI Trends Total
Orders (JUL)
Low -12 -18
10:00
GBP CBI Trends
Selling Prices (JUL)
Low 4 3
10:00
GBP CBI Business
Optimism (JUL)
Low 8 5
11:00
USD MBA Mortgage
Applications (JUL 19)
Low -2.60%

10. 12:58
USD Markit US PMI
Preliminary (JUL)
Medium 52.5
14:00
USD New Home Sales
(JUN)
Low 485K 476K
14:00
USD New Home Sales
(MoM) (JUN)
Medium 1.8% 2.1%
14:30
USD DOE U.S. Crude
Oil Inventories (JUL 19)
Low -6902K
14:30
USD DOE U.S.
Gasoline Inventories
(JUL 19)
Low -882K
14:30
USD DOE U.S.
Distillate Inventory (JUL
19)
Low 3055K
14:30
USD DOE U.S.
Refinery Utilization
(JUL 19)
Low 3870K
21:00
LIVE
NZD Reserve Bank of
New Zealand Rate
Decision (JUL 25)
High 2.50% 2.50%
23:50
JPY Japan Buying
Foreign Bonds (Yen)
(JUL 19)
Medium ¥1105.7B
23:50
JPY Japan Buying
Foreign Stocks (Yen)
(JUL 19)
Medium -¥88.2B
23:50
JPY Foreign Buying
Japan Bonds (Yen)
(JUL 19)
Low ¥0.8B
23:50
JPY Foreign Buying
Japan Stocks (Yen)
(JUL 19)
Low ¥398.2B
23:50
JPY Corporate Service
Price (YoY) (JUN)
Low 0.6% 0.3%
Thu
Jul 25
EUR German Import
Price Index (MoM)
(JUN)
Low -0.3% -0.4%
EUR German Import
Price Index (YoY)
(JUN)
Low -1.6% -2.9%
08:00
EUR German IFO -
Business Climate (JUL)
Medium 106.1 105.9
08:00
EUR German IFO -
Current Assessment
(JUL)
Medium 109.7 109.4
08:00
EUR German IFO -
Expectations (JUL)
Medium 102.5 102.5
08:00
EUR Euro-Zone M3 s.a.
(YoY) (JUN)
Low 3.0% 2.9%
08:00
EUR Euro-Zone M3 s.a.
(3M) (JUN)
Low 3.0% 2.9%
08:30
GBP Gross Domestic
Product (QoQ) (2Q A)
High 0.6% 0.3%
08:30
GBP Gross Domestic
Product (YoY) (2Q A)
High 1.4% 0.3%
08:30
GBP Index of Services
(MoM) (MAY)
Low 0.2% 0.2%
08:30
GBP Index of Services
(3Mo3M) (MAY)
Low 0.7% 0.8%

11. 12:30
CAD Average Weekly
Earnings (YoY) (MAY)
Low 2.2%
12:30
USD Initial Jobless
Claims (JUL 19)
Medium 340K 334K
12:30
USD Continuing Claims
(JUL 13)
Low 2980K 3114K
12:30
LIVE
USD Durable Goods
Orders (JUN)
High 1.1% 3.6%
12:30
USD Durables Ex
Transportation (JUN)
Medium 0.5% 0.7%
12:30
USD Cap Goods
Orders Nondef Ex Air
(JUN)
Low 0.7% 1.1%
12:30
USD Cap Goods Ship
Nondef Ex Air (JUN)
Low 1.1% 1.7%
14:30
USD EIA Natural Gas
Storage Change (JUL
19)
Low 58
15:00
USD Kansas City Fed
Manf. Activity (JUL)
Low 0 -5
23:30
JPY National Consumer
Price Index (YoY)
(JUN)
High 0.1% -0.3%
23:30
JPY National Consumer
Price Index Ex-Fresh
Food (YoY) (JUN)
Medium 0.3% 0.0%
23:30
JPY National Consumer
Price Index Ex Food,
Energy (YoY) (JUN)
Medium -0.3% -0.4%
23:30
JPY Tokyo Consumer
Price Index (YoY) (JUL)
Low 0.2% 0.0%
23:30
JPY Tokyo Consumer
Price Index Ex-Fresh
Food (YoY) (JUL)
Low 0.3% 0.2%
23:30
JPY Tokyo Consumer
Price Index Ex Food,
Energy (YoY) (JUL)
Low -0.4% -0.4%
Fri
Jul 26
01:45
CNY MNI July Business
Sentiment Indicator
Low
13:55
USD U. of Michigan
Confidence (JUL F)
Medium 84.0 83.9
Sat
Jul 27
01:30
CNY Industrial Profits
YTD (YoY) (JUN)
Low 12.3%

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