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1. DAILY IFOREX REPORT
15
JANUARY 2014
TRADING TIPS
●
●
SELL AUD-USD BELOW 0.8980 TGT
0.8975,0.8940 SL0.9020
BUY USD-CAD ABOVE 1.0910 TGT
1.0935 ,1.0970 SL 1.0870

2. HEADLINES
●
Name
EUR/USD
1.3675
USD/JPY
1.6436
USD/CHF
0.8995
USD/CAD
1.0893
NZD/USD
0.8404
USD/SGD
1.2679
EUR/JPY
141.7285
EUR/GBP
0.8319
EUR/AUD
1.5202
GBP/CHF
1.4822
GBP/JPY
170.3445
GBP/CAD
1.7911
GBP/AUD
1.8271
AUD/JPY
93.2325
CAD/JPY
95.107
CHF/JPY
114.937
NZD/JPY
87.106
AUD/CAD
0.9803
AUD/CHF
0.8112
AUD/SGD
1.1405
Forex - GBP/USD trims gains after U.K. CPI slows in December
●
Forex - AUD/USD edges lower but losses limited
0.9017
AUD/USD
●
103.642
GBP/USD
Forex - EUR/USD off lows after Nowotny comments
Last
EUR/USD hit highs of 1.3698, the strongest since January 2 and was last up 0.06% to
1.3680. The euro earlier hit session lows of 1.3649.
The pair was likely to find support at 1.3625 and resistance at 1.3700.
The euro was boosted after Nowotny said there was a potential upside to the ECB’s
growth forecast for this year. The ECB revised its growth forecast for 2014 slightly higher
in December, saying it now expects growth of 1.1%
GBP/USD was up 0.10% to 1.6399, off session highs of 1.6448.
Cable was likely to find support at 1.6345, Monday’s low and a one-week low and
resistance 1.6507, Monday’s high.
The Office for National Statistics said the annual rate of consumer inflation in the U.K.
rose 2.0% last month, slowing from 2.1% in November. Economists had expected an
unchanged reading.
It was the first time since 2009 that the U.K. inflation rate was in line with the Bank of
England’s official target of 2%.
Consumer prices rose 0.4% month-on-month, below expectations for a 0.5% rise.
Core CPI, which excludes food, energy, alcohol, and tobacco costs rose 1.7% in
December, down from 1.8% in November.
AUD/USD hit 0.9020 during late Asian trade, the session low; the pair subsequently
consolidated at 0.9030, shedding 0.27%. The pair was likely to find support at 0.8894, the
low of January 7 and resistance at 0.9118, the high of December 6. Friday’s data showing
that the U.S. economy added far fewer jobs than expected in December cast doubts over
the strength of the recovery in the labor market, and fuelled expectations that the Federal
Reserve will maintain loose monetary policy for longer.

3. HOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS UPSIDE
TREND: BUULISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.3690
SUPPORT: 1.3550

4. HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOK UPSIDE
TREND: BULLISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 103.70
SUPPORT: 103.20

5. HOURLY EURGBP CHART
ANALYSIS
USD/CHF LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 0.9030
SUPPORT: 0.8980

6. HOURLY EURGBP CHART
ANALYSIS
USD/CAD LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.0920
SUPPORT: 1.0870

7. HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.6460
SUPPORT: 1.6390

8. ECONOMIC CALLENDER
Time
Cur.
Imp.
Event
Actual
Forecast
Previous
03:15:00 AM
CHF
MEDIUM
Retail Sales (YoY)
1.60%
1.20%
08:30:00 AM
CAD
MEDIUM
Manufacturing Sales
(MoM)
1.00%
08:30:00 AM
USD
MEDIUM
Core PPI (MoM)
0.10%
0.10%
08:30:00 AM
USD
MEDIUM
NY Empire State
Manufacturing Index
3.75
0.98
08:30:00 AM
USD
MEDIUM
PPI (MoM)
0.40%
-0.10%
02:00:00 PM
USD
MEDIUM
Beige Book
06:50:00 PM
JPY
MEDIUM
Tertiary Industry Activity
Index (MoM)
0.80%
-0.70%
07:01:00 PM
GBP
MEDIUM
RICS House Price
Balance
60.00%
58.00%
07:30:00 PM
AUD
HIGH
Employment Change
7.5K
21.0K
07:30:00 PM
AUD
MEDIUM
Full Employment Change
15.5K
07:30:00 PM
AUD
MEDIUM
Unemployment Rate
5.80%
5.80%
01/15/14

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