1. DAILY I FOREX REPORT
12TH FEBRUARY 2013
WWW.EPICRESEARCH.CO +91 9752199966
2. HEADLINES
Euro Bull Trend May
Survive Draghi, Heavy
Event Risk Ahead
Forex: EUR/USD Faces 4Q
GDP And USD/JPY The BoJ,
Both Await Risk
TRADING TIPS Price & Time: AUD/USD
Finds Demand At Key Gann
BUY EURUSD ABOVE Support
1.3405 tgs
Sterling Falls on Report that the
1.3425/1.3445 sl BoE will Cut Its Growth Forecast
1.3385 Despite markets remaining closed on Monday in Japan
and China for respective holidays, the Aussie, Pound,
and Yen all started the week with significant declines
against the US Dollar in Forex trading.
BUY USDJPY ABOVE
The British Pound saw a sharp 60 point decline against
93.45 tgt 92.65/9.80 the US Dollar over the European session because of an
article by the UK Telegraph. The Telegraph reported
SL 93.25 that the three-month Bank of England inflation report,
which is set to be released on Wednesday, will raise
the inflation forecast to above 2% until 2015 while
lowering the growth forecast. The Telegraph predicted
SELL GBPUSD some dovish comments from the BoE report despite
the higher inflation. The lower growth forecast would
BELOW 1.5679 tgt contradict earlier comments by BoE Governor King,
who said a gentle recovery is underway in the UK.
1.5665/1.5651 SL
1.5685
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8. Date Time Currency Event Importance Actual Forecast Previous Notes
Mon AUD Home Loans
00:30 Medium -1.5% 0.0% -0.7%
Feb 11 (DEC)
AUD Value of Loans
00:30 Low -2.7% 0.5%
(MoM) (DEC)
AUD Investment
00:30 Low -2.4% -3.2%
Lending (DEC)
EUR Euro-Area
13:30 Finance Ministers Meet High
in Brussels
NZD NZ Card
21:45 Medium 0.4%
Spending (MoM) (JAN)
NZD NZ Card
21:45 Spending - Retail Medium 0.3% 0.3%
(MoM) (JAN)
JPY Japan Money
23:50 Low 2.3% 2.2%
Stock M3 (YoY) (JAN)
JPY Japan Money
23:50 Stock M2+CD (YoY) Low 2.6% 2.6%
(JAN)
EUR German
Tue
Feb 12
Wholesale Price Index Low 3.2%
(YoY) (JAN)
EUR German
Wholesale Price Index Low 0.0%
(MoM) (JAN)
GBP RICS House Price
00:01 Medium 1% 0.0%
Balance (JAN)
AUD NAB Business
00:30 Medium 3
Confidence (JAN)
AUD RBA Credit Card
00:30 Low $A21.8B
Purchases (DEC)
AUD RBA Credit Card
00:30 Low $A49.5B
Balances (DEC)
AUD NAB Business
00:30 Low -4
Conditions (JAN)
JPY Machine Tool
06:00 Medium -27.5%
Orders (YoY) (JAN P)
CHF Consumer Price
08:15 Medium -0.3% -0.4%
Index (YoY) (JAN)
CHF CPI - EU
08:15 Harmonised (YoY) Medium -0.3%
(JAN)
CHF Consumer Price
08:15 Low -0.3% -0.2%
Index (MoM) (JAN)
CHF CPI - EU
08:15 Harmonised (MoM) Low 0.1%
(JAN)
GBP Core Consumer
09:30 Price Index (YoY) High 2.4% 2.4%
(JAN)
9. GBP Consumer Price
09:30 High 2.7% 2.7%
Index (YoY) (JAN)
GBP Retail Price Index
09:30 Medium 3.2% 3.1%
(YoY) (JAN)
GBP Producer Price
09:30 Index Output n.s.a. Medium 2.0% 2.2%
(YoY) (JAN)
GBP Producer Price
09:30 Index Output Core Medium 1.4% 1.5%
n.s.a. (YoY) (JAN)
GBP Consumer Price
09:30 Medium -0.5% 0.5%
Index (MoM) (JAN)
GBP Producer Price
09:30 Index Output n.s.a. Low 0.2% -0.1%
(MoM) (JAN)
GBP Producer Price
09:30 Index Output Core Low 0.1% 0.0%
n.s.a. (MoM) (JAN)
GBP Producer Price
09:30 Index Input n.s.a. (YoY) Low 1.0% 0.3%
(JAN)
GBP Producer Price
09:30 Index Input n.s.a. Low 0.8% -0.2%
(MoM) (JAN)
GBP DCLG UK House
09:30 Low 2.0% 2.1%
Prices (YoY) (DEC)
GBP Retail Price Index
09:30 Low -0.5% 0.5%
(MoM) (JAN)
GBP Retail Price Index
09:30 Ex Mort Int.Payments Low 3.1% 3.0%
(YoY) (JAN)
GBP Retail Price Index
09:30 Low 245.6 246.8
(JAN)
USD Mortgage
12:00 Low 7.4%
Delinquencies (4Q)
USD MBA Mortgage
12:00 Low 4.1%
Foreclosures (4Q)
USD NFIB Small
12:30 Business Optimism Low 89 88
(JAN)
USD JOLTs Job
15:00 Low 3676
Openings (DEC)
USD Fed's George
16:30 Speaks on the Low
Economy in Nebraska
USD Monthly Budget
19:00 Medium -$2.00B -$27.41B
Statement (JAN)
AUD Westpac
23:30 Consumer Confidence Medium 0.6%
(FEB)
AUD Westpac
23:30 Consumer Confidence Low 100.6
Index (FEB)
JPY Tertiary Industry
23:50 Medium 0.7% -0.3%
Index (MoM) (DEC)
10. JPY Domestic
23:50 Corporate Goods Price Low -0.3% -0.6%
Index (YoY) (JAN)
JPY Domestic
23:50 Corporate Goods Price Low 0.2% 0.3%
Index (MoM) (JAN)
USD Fed's Plosser
Wed
Feb 13
00:30 Speaks on Economic Low
Outlook in Stanford
USD Fed's Lacker
00:30 Speaks on Economics Low
in Lancaster
CHF Producer & Import
08:15 Low 1.0% 1.0%
Prices (YoY) (JAN)
CHF Producer & Import
08:15 Low 0.0% 0.1%
Prices (MoM) (JAN)
EUR Euro-Zone
10:00 Industrial Production Medium -2.4% -3.7%
w.d.a. (YoY) (DEC)
EUR Euro-Zone
10:00 Industrial Production Low 0.2% -0.3%
s.a. (MoM) (DEC)
GBP Bank of England
10:30 High
Inflation Report
USD MBA Mortgage
12:00 Low
Applications (FEB 8)
USD Advance Retail
13:30 High 0.1% 0.5%
Sales (JAN)
USD Retail Sales Less
13:30 Medium 0.1% 0.3%
Autos (JAN)
USD Retail Sales Ex
13:30 Low 0.4% 0.6%
Auto & Gas (JAN)
USD Retail Sales
13:30 Low 0.2% 0.6%
"Control Group" (JAN)
USD Import Price Index
13:30 Low -1.5%
(YoY) (JAN)
USD Import Price Index
13:30 Low 0.8% -0.1%
(MoM) (JAN)
USD Business
15:00 Medium 0.3% 0.3%
Inventories (DEC)
USD DOE U.S.
15:30 Gasoline Inventories Low
(FEB 8)
USD DOE U.S.
15:30 Distillate Inventory Low
(FEB 8)
USD DOE U.S. Crude
15:30 Low
Oil Inventories (FEB 8)
USD DOE Cushing OK
15:30 Crude Inventory (FEB Low
8)
USD Fed's Bullard to
Speak on Economy at
16:10 Low
Arkansas State
University
11. NZD Business NZ
Performance of
21:30 Medium 50.1
Manufacturing Index
(JAN)
NZD Food Prices
21:45 Low -0.2%
(MoM) (JAN)
JPY Nominal Gross
23:50 Domestic Product High 0.0% -0.9%
(QoQ) (4Q P)
JPY Gross Domestic
23:50 High 0.1% -0.9%
Product (QoQ) (4Q P)
JPY Gross Domestic
23:50 Product Annualized High 0.4% -3.5%
(4Q P)
JPY Gross Domestic
23:50 Product Deflator (YoY) Low -0.5% -0.8%
(4Q P)
Thu JPY Bank of Japan
Feb 14
High -0.2% 0.10%
Rate Decision (FEB 14)
CNY Actual FDI (YoY)
Medium -0.2% -4.5%
(JAN)
AUD Consumer
00:00 Inflation Expectation Medium 2.0%
(FEB)
NZD ANZ Consumer
00:00 Confidence (MoM) Low 3.1%
(FEB)
NZD ANZ Consumer
00:00 Confidence Index Low 118.3
(FEB)
JPY Tokyo
04:00 Condominium Sales Low -3.0%
(YoY) (JAN)
EUR French Gross
06:30 Domestic Product Medium 0.5% 0.0%
(YoY) (4Q P)
EUR French Gross
06:30 Domestic Product Low -0.5% 0.1%
(QoQ) (4Q P)
EUR German Gross
07:00 Domestic Product High 0.9%
w.d.a. (YoY) (4Q P)
EUR German Gross
07:00 Domestic Product High 0.4%
n.s.a. (YoY) (4Q P)
EUR German Gross
07:00 Domestic Product s.a. Medium 0.2% 0.2%
(QoQ) (4Q P)
EUR ECB Publishes
09:00 High
Monthly Report
EUR Italian Gross
Domestic Product s.a.
09:00 Medium -2.4%
and w.d.a. (YoY) (4Q
P)
EUR Italian Gross
Domestic Product s.a.
09:00 Low -0.2%
and w.d.a. (QoQ) (4Q
P)
12. EUR Euro-Zone Gross
10:00 Domestic Product s.a. High -0.6%
(YoY) (4Q A)
EUR Euro-Zone Gross
10:00 Domestic Product s.a. Medium -0.1%
(QoQ) (4Q A)
USD Initial Jobless
13:30 Medium 360K 366K
Claims (FEB 10)
USD Continuing Claims
13:30 Low 3200K 3224K
(FEB 3)
USD EIA Natural Gas
15:30 Storage Change (FEB Low -118
8)
NZD Retail Sales Ex
21:45 Medium -0.4%
Inflation (QoQ) (4Q)
JPY Japan Buying
23:50 Foreign Stocks (Yen) Low
(FEB 8)
JPY Japan Buying
23:50 Foreign Bonds (Yen) Low
(FEB 8)
JPY Foreign Buying
23:50 Japan Stocks (Yen) Low ¥419.5B
(FEB 8)
JPY Foreign Buying
23:50 Japan Bonds (Yen) Low
(FEB 8)
Fri USD Revisions of
Low
Feb 15 Producer Price Index
CNY MNI February
01:35 Flash Business Low
Sentiment Indicator
NZD Non Resident
02:00 Low 64.0%
Bond Holdings (JAN)
JPY Industrial
04:30 Production (YoY) (DEC Medium -7.8%
F) (DEC F)
JPY Industrial
04:30 Production (MoM) Low 2.5%
(DEC F) (DEC F)
JPY Capacity
04:30 Utilization (MoM) (DEC Low -0.2%
F) (DEC F)
USD G20 Finance
Ministers and Central
05:00 Medium
Bank Governors
Meeting in Russia
GBP Retail Sales
09:30 w/Auto Fuel (YoY) Medium 0.9% 0.3%
(JAN)
GBP Retail Sales (YoY)
09:30 Medium 1.6% 1.1%
(JAN)
GBP Retail Sales
09:30 w/Auto Fuel (MoM) Low 0.5% -0.1%
(JAN)
GBP Retail Sales
09:30 Low 0.5% -0.3%
(MoM) (JAN)
13. EUR Euro-Zone Trade
10:00 Balance s.a. (euros) Low 10.6B 11.0B
(DEC)
EUR Euro-Zone Trade
10:00 Low 12.0B 13.7B
Balance (euros) (DEC)
USD Empire
13:30 Low -2 -7.78
Manufacturing (FEB)
CAD Manufacturing
13:30 Shipments (MoM) Low -0.5% 1.7%
(DEC)
USD Net Long-term
14:00 Medium $52.3B
TIC Flows (DEC)
CAD Existing Home
14:00 Medium -0.5%
Sales (MoM) (JAN)
USD Total Net TIC
14:00 Low $27.8B
Flows (DEC)
USD Manufacturing
14:15 Medium 0.2% 0.8%
(SIC) Production (JAN)
USD Industrial
14:15 Medium 0.2% 0.3%
Production (JAN)
USD Capacity
14:15 Low 78.9% 78.8%
Utilization (JAN)
USD U. of Michigan
14:55 High 74.5 73.8
Confidence (FEB P)
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