1. DAILY I FOREX REPORT
29th
MAY 2013
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 Forex: Yen Crosses Break
Short-Term Congestion,
USD Climb At Risk
 US Dollar Clings To Support
But Downside Risks Remain
Dollar Looks for Fed Outlook Cues in
Consumer Confidence Data
Looking ahead, a quiet economic calendar in
European trading hours is likely to see traders looking
ahead to May’s US Consumer Confidence data as the
next key inflection point. Economists’ forecasts
suggest the index will rise for a second consecutive
month to reach the highest level in six months.
An increasingly firm link between the US Dollar and
the 10-year US Treasury bond yield suggests the
outlook for Fed policy is in focus. With that in mind, a
supportive outcome may drive bets on a reduction in
the size of monthly QE purchases and boost the
greenback. US news-flow has tended to underperform
relative to expectations since late March and technical
positioning is worrisome, leaving the door open to the
downside scenario.
The Japanese Yen declined in overnight trade, trading
down as much as 0.8 percent on average against its
leading counterparts. A singular catalyst for the selloff
did not present itself, suggesting it likely amounted to
a correction in the wake of three days of consecutive
Yen gains that brought to the currency to the highest
level in a month.
TRADING TIPS
 BUY EURUSD ABOVE
1.2940 TGT 1.2960/1.2980
SL 1.2910
 BUY USDJPY ABOVE 102.30
TGT 102.50/102.70 SL
102.00
 SELL GBPUSD BELOW
1.5060 TGT 1.5040/1.5020
SL 1.5090
HEADLINES

3.  HOURLY EURUSD CHARTHOURLY EURUSD CHART
ANALYSIS
OPEN: 1.2934 EURUSD LOOKS UPWARD
HIGH: 1.2936 TREND: BULLISH
LOW: 1.2884 STRATEGY: BUY ON DIPS
CLOSE: 1.2930 MACD =>-.0004(BULLISH SIGNAL)
RSI => 59(BULLISH SIGNAL)

4. HOURLY USDJPY CHART
ANALYSIS
OPEN: 101.14 USDJPY LOOKS WARD
HIGH: 102.30 TREND: BULLISH
LOW: 101.11 STRATEGY: BUY ON DIPS
CLOSE: 101.99 MACD =>.04(BULLISH SIGNAL)
RSI => 34(BULLISH SIGNAL)

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HOURLY GBPUSD CHART
ANALYSIS
OPEN: 1.5108 GBPUSD LOOKS DOWNWARD
HIGH: 1.5115 TREND: BEARISH
LOW: 1.5064 STRATEGY: SELL ON RISE
CLOSE: 1.5105 MACD =>-.000(BEARISH SIGNAL)
RSI => 54(BEARISH SIGNAL)

6. HOURLY EURGBP CHART
ANALYSIS
OPEN: 00.8561 EURGBP LOOKS DOWNWARD
HIGH: 00.8562 TREND: BEARISH
LOW: 00.8542 STRATEGY: SELL ON RISE
CLOSE: 00.8559 MACD =>.00005(BEARISH SIGNAL)
RSI => 52(BEARISH SIGNAL)

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HOURLY USD INDEX CHART
ANALYSIS
OPEN: 83.6640 USDINDEX LOOKS DOWNWARD
HIGH: 84.0010 TREND: BEARISH
LOW: 83.6430 STRATEGY: SELL ON RISE
CLOSE: 83.7570 MACD =>.0291(BEARISH SIGNAL)
RSI => 38(BEARISH SIGNAL)

8. Date Time Currency Event Importance Actual Forecast Previous Notes
Sun
May 26
23:01
GBP Hometrack
Housing Survey (MoM)
(MAY)
Low 0.4% 0.3%
23:01
GBP Hometrack
Housing Survey (YoY)
(MAY)
Low 0.4% 0.2%
23:50
JPY Bank of Japan
Releases April 26
Meeting Minutes
High
Mon
May 27
01:30
CNY Industrial Profits
YTD (YoY) (APR)
Low 11.4%. 12.1%
23:50
JPY Corporate Service
Price (YoY) (APR)
Low -0.2% -0.2%
Tue
May 28
CNY Leading Index
(APR)
Medium 99.38
03:45
JPY BoJ Board
Member Miyao Speaks
at Correspondents'
Club
Low
05:00
JPY Small Business
Confidence (MAY)
Medium 49.4
06:00
CHF Trade Balance
(Swiss franc) (APR)
Medium 2.00B 1.90B
06:00
CHF Exports (MoM)
(APR)
Low 5.1%
06:00
CHF Imports (MoM)
(APR)
Low 2.0%
06:00
EUR German Import
Price Index (MoM)
(APR)
Low -0.4% -0.1%
06:00
EUR German Import
Price Index (YoY)
(APR)
Low -2.3% -2.3%
13:00
USD S&P/CS 20 City
s.a. (MoM) (MAR)
Low 1.0% 1.2%
13:00
USD S&P/Case-Shiller
Composite-20 (YoY)
(MAR) (MAR)
Low 10.2% 9.3%
13:00
USD S&P/Case-Shiller
Home Price Index
(MAR) (MAR)
Low 147.48 146.57
13:00
USD S&P/Case-Shiller
US Home Price Index
(YoY) (1Q)
Low 7.3%
ECONOMIC CALLENDER

9. 13:00
USD S&P/Case-Shiller
US Home Price Index
(1Q)
Low 135.22
14:00
USD Richmond Fed
Manufacturing Index
(MAY)
Low -4 -6
14:00
LIVE
USD Consumer
Confidence (MAY)
High 71 68.1
14:30
USD Dallas Fed
Manufacturing Activity
(MAY)
Low -10 -15.6
23:50
JPY Large Retailers'
Sales (APR)
Medium -0.6% 2.4%
23:50
JPY Retail Trade s.a.
(MoM) (APR)
Low 0.0% -1.4%
23:50
JPY Retail Trade (YoY)
(APR)
Medium -0.5% -0.3%
Wed
May 29
00:00
AUD CBAHIA House
Affordability (1Q)
Low 68.9
00:00
JPY Bank of Japan
Governor Kuroda
Speaks at BOJ
Conference
Medium
00:30
AUD Westpac Leading
Index (MoM) (MAR)
(MAR)
Medium 0.6%
01:30
AUD Construction
Work Done (1Q)
Low 1.0% -0.1%
06:00
CHF UBS Consumption
Indicator (APR)
Medium 1.25
07:00
JPY BoJ Holds Meeting
with Investors and
Market Participants
Low
07:55
EUR German
Unemployment Change
(MAY)
High 5K 4K
07:55
EUR German
Unemployment Rate
s.a. (MAY)
High 6.9% 6.9%
08:00
EUR Euro-Zone M3
s.a. (YoY) (APR)
Low 2.9% 2.6%
08:00
EUR Euro-Zone M3
s.a. (3M) (APR)
Low 2.9% 3.0%
09:00
LIVE
EUR EC OECD May
Economic Outlook
(MAY)
Medium
10:00
GBP CBI Reported
Sales (MAY)
Low 3 -1
11:00
USD MBA Mortgage
Applications (MAY 24)
Low -9.8%
12:00
EUR German
Consumer Price Index
(MoM) (MAY P)
Medium 0.2% -0.5%

10. 12:00
EUR German
Consumer Price Index
(YoY) (MAY P)
High 1.3% 1.2%
12:00
EUR German
Consumer Price Index -
EU Harmonised (MoM)
(MAY P)
Medium 0.2% -0.5%
12:00
EUR German
Consumer Price Index -
EU Harmonised (YoY)
(MAY P)
High 1.4% 1.1%
12:30
CAD Average Weekly
Earnings (YoY) (MAR)
Low 3.1%
14:00
LIVE
CAD Bank of Canada
Rate Decision (MAY
29)
High 1.00% 1.00%
16:15
USD Former Fed
Chairman Paul Volcker
Speaks in New York
Low
17:00
USD Fed's Rosengren
Speaks on Economy in
Minneapolis
Low
22:45
NZD Building Permits
(MoM) (APR)
Low -9.1%
23:50
JPY Japan Buying
Foreign Bonds (Yen)
(MAY 24)
Medium -¥804.4B
23:50
JPY Japan Buying
Foreign Stocks (Yen)
(MAY 24)
Medium -¥136.9B
23:50
JPY Foreign Buying
Japan Bonds (Yen)
(MAY 24)
Low ¥17.7B
23:50
JPY Foreign Buying
Japan Stocks (Yen)
(MAY 24)
Low ¥716.0B
Thu
May 30
01:30
AUD Building
Approvals (MoM)
(APR)
Low 4.0% -5.5%
01:30
AUD Building
Approvals (YoY) (APR)
Medium 22.5% 3.9%
01:30
AUD Private Capital
Expenditure (1Q)
Low 0.5% -1.2%
05:45
CHF Gross Domestic
Product (QoQ) (1Q)
Medium 0.2% 0.2%
05:45
CHF Gross Domestic
Product (YoY) (1Q)
Medium 1.0% 1.4%
06:00
GBP Nationwide House
Prices s.a. (MoM)
(MAY)
Low 0.5% -0.1%
06:00
GBP Nationwide House
Prices n.s.a. (YoY)
(MAY)
Medium 0.9% 0.9%
08:15
JPY BoJ Deputy
Governor Nakaso
Speaks at Bellwether
Conference
Low

11. 08:30
GBP Lloyds Business
Barometer (MAY)
Low 27
09:00
LIVE
EUR Euro-Zone
Economic Confidence
(MAY)
Medium 89.4 88.6
09:00
EUR Euro-Zone
Business Climate
Indicator (MAY)
Low -0.85 -0.93
09:00
EUR Euro-Zone
Industrial Confidence
(MAY)
Low -13 -13.8
09:00
EUR Euro-Zone
Consumer Confidence
(MAY F)
Medium -21.9 -21.9
09:00
EUR Euro-Zone
Services Confidence
(MAY)
Low -10.6 -11.1
12:30
CAD Current Account
(BoP) (Canadian dollar)
(1Q)
Low -$15.7B -$17.3B
12:30
USD Gross Domestic
Product (Annualized)
(1Q S)
High 2.5% 2.5%
12:30
USD Personal
Consumption (1Q S)
High 3.3% 3.2%
12:30
USD Gross Domestic
Product Price Index
(1Q S)
High 1.2% 1.2%
12:30
USD Core Personal
Consumption
Expenditure (QoQ) (1Q
S)
Medium 1.2% 1.2%
12:30
CAD Industrial Product
Price (MoM) (APR)
Low -0.3% 0.1%
12:30
USD Initial Jobless
Claims (MAY 25)
Medium 340K 340K
12:30
CAD Raw Materials
Price Index (MoM)
(APR)
Low -0.9% -1.7%
12:30
USD Continuing Claims
(MAY 18)
Low 2970K 2912K
14:00
USD Pending Home
Sales (MoM) (APR)
Low 1.50% 1.50%
14:00
USD Pending Home
Sales (YoY) (APR)
Medium 12.6% 5.8%
14:30
USD EIA Natural Gas
Storage Change (MAY
24)
Low 89
15:00
USD DOE U.S. Crude
Oil Inventories (MAY
24)
Low -338K
15:00
USD DOE Cushing OK
Crude Inventory (MAY
24)
Low 449K
15:00
USD DOE U.S.
Gasoline Inventories
(MAY 24)
Low 3015K

12. 15:00
USD DOE U.S.
Distillate Inventory
(MAY 24)
Low -1052K
16:35
USD OFR's Berner
speaks on Financial
Stability
Low
22:45
NZD Terms of Trade
Index (QoQ) (1Q)
Medium -1.3%
23:01
GBP GfK Consumer
Confidence Survey
(MAY)
Medium -26 -27
23:15
JPY Nomura/JMMA
Manufacturing
Purchasing Manager
Index (MAY)
Medium 51.1
23:30
JPY Household
Spending (YoY) (APR)
Medium 3.0% 5.2%
23:30
JPY Jobless Rate
(APR)
Medium 4.1% 4.1%
23:30
JPY Job-To-Applicant
Ratio (APR)
Low 0.87 0.86
23:30
JPY National
Consumer Price Index
(YoY) (APR)
High -0.7% -0.9%
23:30
JPY National
Consumer Price Index
Ex-Fresh Food (YoY)
(APR)
Medium -0.4% -0.5%
23:30
JPY National
Consumer Price Index
Ex Food, Energy (YoY)
(APR)
Medium -0.7% -0.8%
23:30
JPY Tokyo Consumer
Price Index (YoY)
(MAY)
Low -0.4% -0.7%
23:30
JPY Tokyo Consumer
Price Index Ex-Fresh
Food (YoY) (MAY)
Low -0.2% -0.3%
23:30
JPY Tokyo Consumer
Price Index Ex Food,
Energy (YoY) (MAY)
Low -0.7% -0.7%
23:50
JPY Industrial
Production (MoM)
(APR P)
Low 0.6% 0.9%
23:50
JPY Industrial
Production (YoY) (APR
P)
Medium -3.4% -6.7%
Fri
May 31
JPY Bank of Japan
Deputy Governor
Nakaso Speaks in
Tokyo
Low
01:00
NZD ANZ Business
Confidence (MAY)
Low 32.3
01:00
NZD ANZ Activity
Outlook (MAY)
Low 30.3
01:30
AUD Private Sector
Credit (MoM) (APR)
Low 0.3% 0.2%

13. 01:30
AUD Private Sector
Credit (YoY) (APR)
Medium 3.0% 3.2%
01:35
CNY MNI May
Business Sentiment
Indicator
Low
03:00
NZD Money Supply M3
(YoY) (APR)
Low 7.0%
04:00
JPY Vehicle Production
(YoY) (APR)
Low -16.4%
05:00
JPY Housing Starts
(YoY) (APR)
Medium 4.1% 7.3%
05:00
JPY Annualized
Housing Starts (APR)
Medium 0.923M 0.904M
05:00
JPY Construction
Orders (YoY) (APR)
Low -3.4%
06:00
EUR German Retail
Sales (MoM) (APR)
Low 0.2% -0.3%
06:00
EUR German Retail
Sales (YoY) (APR)
Medium 1.1% -2.8%
07:00
CHF KOF Swiss
Leading Indicator
(MAY)
Medium 1.07 1.02
08:00
EUR Italian
Unemployment Rate
s.a. (APR P)
Low 11.6% 11.5%
08:00
EUR Italian
Unemployment Rate
s.a. (1Q)
Low 11.6% 11.2%
08:30
GBP Net Consumer
Credit (APR)
Medium 0.4B 0.5B
08:30
GBP Net Lending Sec.
on Dwellings (APR)
Medium 0.5B 0.4B
08:30
GBP Mortgage
Approvals (APR)
Medium 54.6K 53.5K
08:30
GBP M4 Money Supply
(MoM) (APR)
Low -0.9%
08:30
GBP M4 Money Supply
(YoY) (APR)
Low 0.3%
08:30
GBP M4 Ex IOFCs 3M
Annualised (APR)
Low 3.3% 4.6%
09:00
EUR Euro-Zone
Consumer Price Index
Estimate (YoY) (MAY)
Medium 1.4% 1.2%
09:00
EUR Euro-Zone
Unemployment Rate
(APR)
Medium 12.2% 12.1%
09:00
EUR Euro-Zone
Consumer Price Index -
Core (YoY) (MAY A)
High 1.1% 1.0%
12:30
CAD Quarterly Gross
Domestic Product
Annualized (1Q)
High 2.3% 0.6%

14. 12:30
CAD Gross Domestic
Product (MoM) (MAR)
(MAR)
Medium 0.1% 0.3%
12:30
CAD Gross Domestic
Product (YoY) (MAR)
(MAR)
High 1.5% 1.7%
12:30
USD Personal Income
(APR)
Medium 0.1% 0.2%
12:30
USD Personal
Spending (APR)
Medium 0.0% 0.2%
12:30
USD Personal
Consumption
Expenditure Deflator
(MoM) (APR)
Low -0.2% -0.1%
12:30
USD Personal
Consumption
Expenditure Deflator
(YoY) (APR)
Low 0.8% 1.0%
12:30
USD Personal
Consumption
Expenditure Core
(MoM) (APR)
Low 0.1% 0.0%
12:30
USD Personal
Consumption
Expenditure Core
(YoY) (APR)
Medium 1.0% 1.1%
12:45
USD Fed's Pianalto
Speaks on Financial
Stability in Washington
Low
13:00
USD NAPM-Milwaukee
(MAY)
Low 49.0 48.4
13:45
USD Chicago
Purchasing Manager
(MAY)
Low 50.0 49.0
13:55
USD U. of Michigan
Confidence (MAY F)
Medium 83.7 83.7
14:00
USD Revisions to the
Wholesale Sales and
Inventories Report
Low
14:00
USD Revisions of
Retail Sales Released
Low
15:00
USD Fed's Liang
Speaks on Financial
Stability in Washington
Low

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