The document provides a daily forex report dated January 28th, 2013. It includes the following:
- Headlines on the euro continuing its rally on positive German economic expectations and looking to the ECB LTRO repayment for direction cues, and the UK economy entering a triple dip recession with the sterling erasing gains.
- Trading tips to buy EURUSD, USDJPY, and sell GBPUSD.
- Analysis of hourly charts of EURUSD, USDJPY, GBPUSD, EURGBP, and USDINDEX showing bullish and bearish trends and signals.
- The economic calendar for the week listing upcoming high and medium importance economic data releases from countries including the UK
1. DAILY I FOREX REPORT
28TH JANUARY 2013
WWW.EPICRESEARCH.CO +91 9752199966
2. HEADLINES
Forex News: Euro
Continues Rally On Positive
German Economic
Expectations
Forex Analysis: Euro Looks
To ECB LTRO Repayment
For Direction Cues
TRADING TIPS
Forex News: UK Economy
Buy EURUSD above Enters Triple Dip
Recession, Sterling Erases
1.3465 tgs Gains
1.3480/1.3505 sl Forex News: Euro
1.3440 Continues Rally on
Positive German
Economic Expectations
BUY USDJPY ABOVE
91.05 tgt 91.20 SL The IFO German business climate survey rose to a
seven month high in January, as the survey of
90.95
expectations showed a positive result for the first time
in eight months. The business climate survey was
SELL GBPUSD BELOW reported at 104.2, higher than an expected 103.0 result
and better than December’s 102.4 survey. The
1.5755 tgt expectations survey rose to an unexpected 100.5, while
1.5740/1.5725 the business climate survey was reported at 108.0.
WWW.EPICRESEARCH.CO +91 9752199966
8. Date Time Currency Event Importance Actual Forecast Previous Notes
Mon CHF Real Estate Index
Jan 21
Medium 413.1
Family Homes (4Q)
GBP Rightmove House
00:01 Medium 2.4% 1.4%
Prices (YoY) (JAN)
GBP Rightmove House
00:01 Low 0.2% -3.3%
Prices (MoM) (JAN)
JPY Machine Tool
06:00 Medium -27.5% -27.5%
Orders (YoY) (DEC F)
EUR German Producer
07:00 Medium 1.5% 1.7% 1.4%
Prices (YoY) (DEC)
EUR German Producer
07:00 Low -0.3% 0.0% -0.1%
Prices (MoM) (DEC)
CHF Money Supply M3
08:00 Low 9.8% 9.3%
(YoY) (DEC)
CHF Industrial
08:15 Production (YoY) (3Q) Medium 2.2% 4.7%
(3Q)
CAD Wholesale Sales
13:30 Low 0.5% 0.9%
(MoM) (NOV)
EUR Euro-Area
16:00 Finance Ministers Meet High
in Brussels
Tue JPY Bank of Japan
Jan 22
High 0.10%
Rate Decision (JAN 22)
JPY All Industry Activity
04:30 Medium 0.2%
Index (MoM) (NOV)
JPY Leading Index
05:00 Medium 91.9
(NOV F)
JPY Coincident Index
05:00 Low 90.1
(NOV F)
JPY Supermarket Sales
05:00 Low -2.6%
(YoY) (DEC)
EUR EU-27 Finance
08:00 Ministers Meet in High
Brussels
GBP Public Finances
09:30 (PSNCR) (Pounds) Medium 6.5B -6.8B
(DEC)
GBP Public Sector Net
09:30 Borrowing (Pounds) Medium 13.0B 15.3B
(DEC)
GBP PSNB ex
09:30 Low 15.2B 17.5B
Interventions (DEC)
EUR Euro-Zone ZEW
10:00 Survey (Economic Medium 7.6
Sentiment) (JAN)
EUR German ZEW
10:00 Survey (Current Medium 6.2 5.7
Situation) (JAN)
EUR German ZEW
10:00 Survey (Economic Medium 12.0 6.9
Sentiment) (JAN)
9. GBP CBI Business
11:00 Low -10 -12
Optimism (JAN)
GBP CBI Trends
11:00 Low 16 17
Selling Prices (JAN)
GBP CBI Trends Total
11:00 Low -11 -12
Orders (JAN)
CAD Retail Sales
13:30 Medium -0.1% 0.7%
(MoM) (NOV)
USD Chicago Fed Nat
13:30 Medium 0.1
Activity Index (DEC)
CAD Retail Sales Less
13:30 Low 0.1% 0.5%
Autos (MoM) (NOV)
USD Existing Home
15:00 Medium 1.2% 5.90%
Sales (MoM) (DEC)
USD Existing Home
15:00 Low 5.10M 5.04M
Sales (DEC)
USD Richmond Fed
15:00 Manufacturing Index Low 4 5
(JAN)
AUD Westpac Leading
23:30 Low 0.1%
Index (MoM) (NOV)
Wed AUD Consumer Prices
Jan 23
00:30 High 2.4% 2.0%
Index (YoY) (4Q)
AUD Consumer Prices
00:30 Medium 0.4% 1.4%
Index (QoQ) (4Q)
AUD Consumer Prices
00:30 Index RBA Trimmed Medium
Mean (QoQ) (4Q)
AUD Consumer Prices
00:30 Index RBA Trimmed Medium 2.4% 2.4%
Mean (YoY) (4Q)
AUD Consumer Prices
00:30 Index RBA Weighted Medium 0.6% 0.8%
Median (QoQ) (4Q)
AUD Consumer Prices
00:30 Index RBA Weighted Medium 2.4% 2.6%
Median (YoY) (4Q)
CNY Conference Board
02:00 China Leading Low
Economic Index (DEC)
JPY Bank of Japan
05:00 Monthly Economic High
Report (JAN)
GBP Bank of England
09:30 High
Minutes
GBP Jobless Claims
09:30 High 0.0K -3.0K
Change (DEC)
GBP Average Weekly
09:30 Earnings (3M/YoY) Medium 1.6% 1.8%
(NOV)
GBP Claimant Count
09:30 Medium 4.8% 4.8%
Rate (DEC)
10. GBP ILO
09:30 Unemployment Rate Medium 7.8% 7.8%
(3M) (NOV)
GBP Employment
09:30 Low 30K 40K
Change (3M/3M) (NOV)
GBP Weekly Earnings
09:30 exBonus (3M/YoY) Low 1.5% 1.7%
(NOV)
CHF ZEW Survey
10:00 Medium -15.5
(Expectations) (JAN)
EUR Euro Area
10:00 Medium
Government Debt (3Q)
USD MBA Mortgage
12:00 Low 15.20%
Applications (JAN 18)
CAD Teranet/National
14:00 Low -0.40%
Bank HPI (MoM) (DEC)
CAD Teranet/National
14:00 Low 3.40%
Bank HPI (YoY) (DEC)
CAD Teranet/National
14:00 Low 154.02
Bank HP Index (DEC)
USD House Price Index
14:00 Low 0.6% 0.5%
(MoM) (NOV)
CAD Bank of Canada
15:00 High 1.00% 1.00%
Rate Decision (JAN 23)
EUR Euro-Zone
15:00 Consumer Confidence Medium -26 -26.5
(JAN A)
NZD Business NZ
Performance of
21:30 Medium 48.8
Manufacturing Index
(DEC)
JPY Merchandise
23:50 Trade Balance Total Medium -¥953.4B
(Yen) (DEC)
JPY Adjusted
23:50 Merchandise Trade Low -¥868.5B
Balance (Yen) (DEC)
JPY Foreign Buying
23:50 Japan Bonds (Yen) Low ¥139.0B
(JAN 18)
JPY Foreign Buying
23:50 Japan Stocks (Yen) Low ¥233.8B
(JAN 18)
JPY Japan Buying
23:50 Foreign Bonds (Yen) Low ¥391.3B
(JAN 18)
JPY Japan Buying
23:50 Foreign Stocks (Yen) Low -¥155.3B
(JAN 18)
JPY Merchandise
23:50 Trade Exports (YoY) Low -4.2 -4.1
(DEC)
JPY Merchandise
23:50 Trade Imports (YoY) Low 1.7 0.8
(DEC)
11. EUR German Import
Thu
Jan 24
Price Index (MoM) Low 0.0%
(DEC)
EUR German Import
Price Index (YoY) Low 1.1%
(DEC)
CNY HSBC Flash
01:45 Manufacturing PMI Medium 51.5
(JAN)
NZD Credit Card
02:00 Medium 3.9%
Spending (YoY) (DEC)
NZD Credit Card
02:00 Spending s.a. (MoM) Low 0.4%
(DEC)
EUR French
Purchasing Manager
08:00 Low 45.0 44.6
Index Manufacturing
(JAN P)
EUR French
08:00 Purchasing Manager Low 45.4 45.2
Index Services (JAN P)
EUR German
Purchasing Manager
08:30 Medium 46.8 46.0
Index Manufacturing
(JAN A)
EUR German
08:30 Purchasing Manager Medium 52.0 52.0
Index Services (JAN A)
EUR Euro-Zone
Purchasing Manager
09:00 Medium 47.5 47.2
Index Composite (JAN
A)
EUR Euro-Zone
Purchasing Manager
09:00 Medium 46.6 46.1
Index Manufacturing
(JAN A)
EUR Euro-Zone
09:00 Purchasing Manager Medium 48 47.8
Index Services (JAN A)
EUR Euro-Zone
09:00 Current Account n.s.a. Low 7.2B
(euros) (NOV)
EUR Euro-Zone
09:00 Current Account s.a. Low 3.9B
(euros) (NOV)
GBP BBA Loans for
09:30 Medium 34050 33634
House Purchase (DEC)
GBP CBI Reported
11:00 Low 15 19
Sales (JAN)
USD Initial Jobless
13:30 Medium 360K 335K
Claims (JAN 20)
USD Continuing Claims
13:30 Low 3214K
(JAN 13)
USD Markit US PMI
13:58 Medium 53
Preliminary (JAN)
USD Leading Indicators
15:00 Medium -0.2%
(DEC)
12. USD EIA Natural Gas
15:30 Storage Change (JAN Low -148
18)
USD DOE Cushing OK
16:00 Crude Inventory (JAN Low 1780K
18)
USD DOE U.S. Crude
16:00 Low -951K
Oil Inventories (JAN 18)
USD DOE U.S.
16:00 Distillate Inventory Low 1686K
(JAN 18)
USD DOE U.S.
16:00 Gasoline Inventories Low 1910K
(JAN 18)
USD Kansas City Fed
16:00 Low -2
Manf. Activity (JAN)
JPY National
23:30 Consumer Price Index High -0.2% -0.2%
(YoY) (DEC)
JPY National
Consumer Price Index
23:30 Medium -0.2% -0.1%
Ex-Fresh Food (YoY)
(DEC)
JPY National
Consumer Price Index
23:30 Medium -0.5% -0.5%
Ex Food, Energy (YoY)
(DEC)
Fri JPY Small Business
Jan 25
Medium 43.8
Confidence (JAN)
CNY MNI Business
01:35 Sentiment Indicator Low
(JAN)
EUR German IFO -
09:00 Medium 103 102.4
Business Climate (JAN)
EUR German IFO -
09:00 Current Assessment Medium 107.3 107.1
(JAN)
EUR German IFO -
09:00 Medium 98.5 97.9
Expectations (JAN)
GBP Gross Domestic
09:30 High -0.1% 0.9%
Product (QoQ) (4Q A)
GBP Gross Domestic
09:30 High 0.2% 0.0%
Product (YoY) (4Q A)
GBP Index of Services
09:30 Low 0.5% 1.1%
(3Mo3M) (NOV)
GBP Index of Services
09:30 Low -0.1% 0.1%
(MoM) (NOV)
CAD Bank Canada
13:30 Consumer Price Index High 1.5% 1.2%
Core (YoY) (DEC)
CAD Consumer Price
13:30 High 1.2% 0.8%
Index (YoY) (DEC)
CAD Bank Canada
13:30 Consumer Price Index Medium -0.2% 0.0%
Core (MoM) (DEC)
13. CAD Consumer Price
13:30 Medium -0.2% -0.2%
Index (MoM) (DEC)
CAD Consumer Price
13:30 Low 121.9
Index (DEC)
CAD Consumer Price
13:30 Low
Index s.a. (MoM) (DEC)
CAD Core CPI s.a.
13:30 Low
(MoM) (DEC)
USD New Home Sales
15:00 Medium 2.1% 4.4%
(MoM) (DEC)
USD New Home Sales
15:00 Low 377K
(DEC)
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