DAILY IFOREX REPORT

06
FEBRUARY 2014
TRADING TIPS

BUY EUR-GBP ABOVE 0.8330 TGT

0.8355,0.8390 SL 0.8290
SELL USD-CAD BELOW 1.1040 TGT
1.1015 ,1.0980 SL 1.1080

HEADLINES

Name

Last

EUR/USD

1.3516

USD/JPY

101.098

GBP/USD

1.627

USD/CHF

0.9045

AUD/USD

0.8926

USD/CAD

1.1065

NZD/USD

0.8216

EUR/CHF

1.2225

EUR/JPY

136.651

EUR/GBP

0.8307

EUR/AUD

1.5143

GBP/CHF

1.4716

GBP/JPY

164.4895

GBP/CAD

1.8004

GBP/AUD

1.8228

AUD/JPY

90.2375

CAD/JPY

91.3615

CHF/JPY

111.7765

NZD/JPY

83.0665

AUD/CAD

0.9877

AUD/CHF

0.8073

AUD/SGD

1.1323

Forex - U.S. futures point to lower open ahead of ADP jobs report, ISM

Forex - EUR/USD remains lower after euro zone data

Forex - Euro remains slightly lower vs. dollar

U.S. stock market futures pointed to a lower open on Wednesday, as investors

looked ahead to key U.S. economic data later in the day for further indications on
the strength of the economy and the future course of monetary policy.
U.S. futures point to lower open ahead of ADP jobs report, ISMU.S. stock futures
point to lower open ahead of data
Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of
0.3%, S&P 500 futures signaled a drop of 0.4%, while the Nasdaq 100 futures
indicated a decline of 0.4%.
Wall Street ended modestly higher on Tuesday after data showed that U.S. factory
orders fell less-than-expected in December.
Ahead of the bell, the U.S. is to release the ADP report on private sector job
creation, which leads the governments highly-anticipated nonfarm payrolls report
by two days, while the ISM is to publish data on service sector activity shortly after
markets open.
Investors will also watch speeches from Philadelphia Federal Reserve President
Charles Plosser and Atlanta Fed President Dennis Lockhart later in the day.
EUR/USD dipped 0.05% to 1.3510, holding above the ten-week lows of 1.3476 struck
on Monday.The pair was likely to find support at 1.3476 and resistance at 1.3572.
The euro found support after data showed that the euro zone's private sector
posted its strongest growth in more than two-and-a half years in January.
Markit said the final reading of the euro zone composite output index came in at
52.9 in January, slightly lower than the preliminary estimate for 53.2, but up from
52.1 in December.

HOURLY EURUSD CHART

ANALYSIS
EURUSD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.3540
SUPPORT: 1.3470

HOURLY USDJPY CHART

ANALYSIS
USDJPY LOOK DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 101.70
SUPPORT: 101.10

HOURLY EURGBP CHART

ANALYSIS
USD/CAD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.1140
SUPPORT: 1.1029

HOURLY GBPUSD CHART

ANALYSIS
GBPUSD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY ABOVE RESISTANCE
SELL BELOW SUPPORT
RESISTANCE: 1.6370
SUPPORT: 1.6260

ECONOMIC CALLENDER
MEDIUM

Cur.

Imp.

Event

Actual

Forecast

Previous

06:00:00 AM

AUD

MEDIUM

NAB Quarterly Business

Confidence

06:00:00 AM

AUD

HIGH

Retail Sales (MoM)

0.40%

0.70%

06:00:00 AM

AUD

MEDIUM

Trade Balance

-0.300B

-0.118B

04:30:00 PM

EUR

MEDIUM

German Factory Orders

(MoM)

0.40%

2.10%

05:30:00 PM

GBP

MEDIUM

BoE QE Total

375B

375B

05:30:00 PM

GBP

HIGH

Interest Rate Decision

0.50%

0.50%

06:15:00 PM

EUR

HIGH

Interest Rate Decision

0.25%

0.25%

07:00:00 PM

CAD

MEDIUM

Exports

40.00B

39.78B

07:00:00 PM

CAD

MEDIUM

Trade Balance

-1.00B

-0.94B

07:00:00 PM

USD

MEDIUM

Initial Jobless Claims

335K

348K

07:00:00 PM

USD

MEDIUM

Nonfarm Productivity
(QoQ)

2.50%

3.00%

07:00:00 PM

USD

MEDIUM

Trade Balance

-36.00B

-34.30B

07:00:00 PM

USD

MEDIUM

Unit Labor Costs (QoQ)

-0.50%

-1.40%

08:30:00 PM

CAD

HIGH

Ivey PMI

51

46.3

02/06/14

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