This daily forex report from Epic Research provides analysis and trading recommendations for several currency pairs. It discusses factors that could impact the euro, such as an upcoming ECB rate decision and issues in Cyprus and Greece. It also covers the yen, British pound, Australian dollar, and gold. The report includes technical analysis charts and commentary on hourly movements in EURUSD, USDJPY, GBPUSD, and other pairs. It provides trading tips and highlights upcoming economic data and events that could influence currency markets.

1. DAILY I FOREX REPORT
30TH
APRIL 2013
WWW.EPICRESEARCH.CO +91 9752199966

2. WWW.EPICRESEARCH.CO +91 9752199966
 Euro May not Hold Back the
Tides on ECB Cut, Fresh
Cyprus Trouble
 Euro-Zone Economic
Confidence Declines For A
Second Month
 Euro Looks to German CPI
to Set Stage for ECB Rate
Decision
Forex Trading Weekly Forecast 04.29.2013
Tired of Choppy Dollar Moves? The Coming Week Could be Huge
The US Dollar (ticker: USDOLLAR) rallied to start the week as the Euro initially fell to multi-
week lows, but a sharp reversal left the safe-haven currency lower as the US S&P 500 finished
just shy of record peaks.
Euro Dangerously Exposed to ECB Rate Decision, Cyprus and Greece
There is a laundry list of fundamental landmines for euro traders to watch moving forward –
and that means volatility and even trend development should be expected for EURUSD and
other crosses. At the top of the list is the ECB rate decision.
Japanese Yen Room to Rally as BoJ Withholds Stimulus Details
The Japanese Yen was a top performer this past week, losing only -0.08% to the top British
Pound, while adding at least +0.52% against six of the major currencies, even posting gains
greater than or equal to +1.48% against four of the major currencies DailyFX Research covers.
British Pound to Hold Bullish Trend as UK Skirts Triple-Dip Recession
The British Pound rallied to a fresh monthly high of 1.5497 as the U.K. emerged from the
double-dip recession, and the sterling may track higher ahead of the next Bank of England
(BoE) interest rate decision on May 9 as market participants scale back bets for more
quantitative easing.
Australian Dollar at Risk on RBA Outlook, Global Slowdown Fears
The Australian Dollar looks vulnerable to deeper losses amid mounting RBA rate
cut bets and returning risk aversion on the back of global slowdown fears.
Gold Still Bearish below $1504- Rebound at Risk
Ahead of FOMC, NFPs
TRADING TIPS
 BUY EURUSD ABOVE
1.3100 tgs
1.3120/1.3140 sl
1.3070
 BUY USDJPY ABOVE
98.00 tgt 98.20/98.40
SL 97.70
 SELL GBPUSD BELOW
1.5475 Tgt
1.5455/1.5435 SL
1.5505
HEADLINES

3.  HOURLY EURUSD CHART

ANALYSIS
OPEN: 1.3041
HIGH: 1.3100
LOW: 1.3032
CLOSE: 1.3084
 EURUSD LOOKS UPWARD
 TREND : BULLISH
 STRATEGY: BUY ON DIPS
 MACD =>.0004(BULLISH SIGNAL)
 RSI => 65(BULLISH SIGNAL)
HOURLY EURUSD CHART

4.  HOURLY USDJPY CHART
ANALYSIS
OPEN: 97.86
HIGH: 97.97
LOW: 97.35
CLOSE: 97.84
 USDJPY LOOKS UPWARD
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
 MACD => 0.06( BULLISH SIGNAL)
 RSI =>45(BULLISH SIGNAL)
HOURLY USDJPY CHART

5.  HOURLY GBPUSD CHART
ANALYSIS
OPEN: 1.5489
HIGH: 1.5546
LOW: 1.5478
CLOSE: 1.5537
 GBPUSD LOOKS DOWNWARD
 TREND: BEARISH
 STRATEGY: SELL ON RISE
 MACD => .001( BEARISH SIGNAL)
 RSI => 70(BEARISH SIGNAL)
HOURLY GBPUSD CHART

6. ANALYSIS
OPEN: 0.8419
HIGH: 0.8433
LOW: 0.8405
CLOSE: 0.8423
 EURGBP LOOKS UPWARDS
 TREND: BULLISH
 STRATEGY: BUY ON DIPS
 MACD =>-.003(BULLISH SIGNAL)
 RSI =>52(BULLISH SIGNAL)
HOURLY EURGBP CHART

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HOURLY USDINDEX CHART
ANALYSIS
OPEN: 82.4750
HIGH: 82.4750
LOW: 82.1130
CLOSE: 82.1670
 USDINDEX LOOKS DOWNWARD
 TREND: BEARISH
 STRATEGY: SELL ON RISE
 MACD =>0.22(BEARISH SIGNAL)
 RSI =>39(BEARISH SIGNAL)

8. Date Time Currency Event Importance Actual Forecast Previous Notes
Sun
Apr 28
23:01
GBP Hometrack
Housing Survey (MoM)
(APR)
Low 0.3% 0.3%
23:01
GBP Hometrack
Housing Survey (YoY)
(APR)
Low 0.2% 0.0%
23:01
GBP Lloyds Business
Barometer (APR)
Low 27 20
Mon
Apr 29
CNY Leading Index
(MAR)
Medium 100.23
09:00
EUR Euro-Zone
Business Climate
Indicator (APR)
Medium -0.93 -0.91 -0.75
09:00
EUR Euro-Zone
Consumer Confidence
(APR F)
Medium -22.3 -22.3 -22.3
09:00
EUR Euro-Zone
Economic Confidence
(APR)
Low 88.6 89.3 90.1
09:00
EUR Euro-Zone
Industrial Confidence
(APR)
Low -13.8 -13.5 -12.3
09:00
EUR Euro-Zone
Services Confidence
(APR)
Low -11.1 -7.1 -7.0
09:00
EUR Italy to Sell 5 and
10-Year Bonds
Low
10:30
EUR EU's Task Force
for Greece Releases
Quarterly Report
Medium
12:00
EUR German
Consumer Price Index -
EU Harmonised (YoY)
(APR P)
High 1.7% 1.8%
12:00
EUR German
Consumer Price Index
(YoY) (APR P)
High 1.4% 1.4%
12:00
EUR German
Consumer Price Index -
EU Harmonised (MoM)
(APR P)
Medium -0.1% 0.4%
12:00
EUR German
Consumer Price Index
(MoM) (APR P)
Medium -0.2% 0.5%
12:30
USD Personal
Consumption
Expenditure Core
(YoY) (MAR)
High 1.2% 1.3%
12:30
USD Personal
Consumption
Expenditure Core
(MoM) (MAR)
Medium 0.1% 0.1%
ECONOMIC CALENDER

9. 12:30
USD Personal Income
(MAR)
Medium 0.4% 1.1%
12:30
USD Personal
Spending (MAR)
Medium 0.0% 0.7%
12:30
USD Personal
Consumption
Expenditure Deflator
(MoM) (MAR)
Low -0.1% 0.4%
12:30
USD Personal
Consumption
Expenditure Deflator
(YoY) (MAR)
Low 1.0% 1.3%
14:00
USD Pending Home
Sales (YoY) (MAR)
Medium 6.1% 5.0%
14:00
USD Pending Home
Sales (MoM) (MAR)
Low 1.0% -0.4%
14:30
USD Dallas Fed
Manufacturing Activity
(APR)
Low 5.0 7.4
22:45
NZD Building Permits
(MoM) (MAR)
Low 2.0% 1.9%
23:01
GBP GfK Consumer
Confidence Survey
(APR)
Medium -26.0 -26.0
23:30
JPY Household
Spending (YoY) (MAR)
Medium 1.6% 0.8%
23:30
JPY Jobless Rate
(MAR)
Medium 4.2% 4.3%
23:50
JPY Industrial
Production (YoY) (MAR
P)
Medium -7.2% -10.5%
23:50
JPY Large Retailers'
Sales (MAR)
Medium 1.8% -3.7%
23:50
JPY Retail Trade (YoY)
(MAR)
Medium 0.4% -2.2%
23:50
JPY Industrial
Production (MoM)
(MAR P)
Low 0.4% 0.6%
23:50
JPY Retail Trade s.a.
(MoM) (MAR)
Low -0.8% 1.7%
Tue
Apr 30
01:00
NZD NBNZ Business
Confidence (APR)
Medium 34.6
01:00
NZD ANZ Activity
Outlook (APR)
Low 32.4
01:30
AUD Private Sector
Credit (MoM) (MAR)
Medium 0.3% 0.2%
01:30
AUD Private Sector
Credit (YoY) (MAR)
Medium 3.1% 3.4%
03:00
NZD Money Supply M3
(YoY) (MAR)
Low 6.6%
04:00
JPY Vehicle Production
(YoY) (MAR)
Low -15.1%

10. 05:00
JPY Annualized
Housing Starts (MAR)
Medium 0.890M 0.944M
05:00
JPY Housing Starts
(YoY) (MAR)
Medium 6.0% 3.0%
05:00
JPY Construction
Orders (YoY) (MAR)
Low 16.3%
06:00
EUR German GfK
Consumer Confidence
Survey (MAY)
Medium 5.9 5.9
06:00
EUR German Retail
Sales (YoY) (MAR)
Medium -1.2% -2.2%
06:00
EUR German Retail
Sales (MoM) (MAR)
Low -0.3% -0.3%
07:55
EUR German
Unemployment Change
(APR)
High 2K 13K
07:55
EUR German
Unemployment Rate
s.a. (APR)
Medium 6.9% 6.9%
08:00
EUR Italian
Unemployment Rate
(SA) (MAR P)
Medium 11.7% 11.6%
08:30
GBP Net Consumer
Credit (MAR)
Medium 0.5B 0.6B
08:30
GBP Net Lending Sec.
on Dwellings (MAR)
Medium 0.6B 0.9B
08:30
GBP M4 Ex IOFCs 3M
Annualised (MAR)
Low 3.1% 3.1%
08:30
GBP M4 Money Supply
(MoM) (MAR)
Low -0.5%
08:30
GBP M4 Money Supply
(YoY) (MAR)
Low 0.5%
08:30
GBP Mortgage
Approvals (MAR)
Low 52.7K 51.7K
09:00
EUR Euro-Zone
Unemployment Rate
(MAR)
High 12.1% 12.0%
09:00
EUR Euro-Zone
Consumer Price Index
Estimate (YoY) (APR)
Medium 1.6% 1.7%
12:30
CAD Gross Domestic
Product (YoY) (FEB)
High 1.3% 1.0%
12:30
CAD Gross Domestic
Product (MoM) (FEB)
Medium 0.2% 0.2%
12:30
CAD Industrial Product
Price (MoM) (MAR)
Low 0.0% 1.4%
12:30
CAD Raw Materials
Price Index (MoM)
(MAR)
Low 0.5% 2.2%
12:30
USD Employment Cost
Index (1Q)
Low 0.5% 0.4%
13:00
USD NAPM-Milwaukee
(APR)
Low 51.50 50.98

11. 13:00
USD S&P/CS 20 City
s.a. (MoM) (FEB)
Low 0.8% 1.02%
13:00
USD S&P/Case-Shiller
Composite-20 (YoY)
(FEB)
Low 9.0% 8.1%
13:00
USD S&P/Case-Shiller
Home Price Index
(FEB)
Low 146.43 146.14
13:45
USD Chicago
Purchasing Manager
(APR)
Medium 52.6 52.4
14:00
USD Consumer
Confidence (APR)
High 61.0 59.7
23:30
AUD AiG Performance
of Manufacturing Index
(APR)
Medium 44.4
Wed
May 1
00:00
AUD RPData-Rismark
House PX Actual (APR)
Low 1.3%
01:00
CNY Manufacturing
PMI (APR)
High 50.7 50.9
01:00
AUD HIA New Home
Sales (MoM) (MAR)
Medium -5.3%
01:30
JPY Labor Cash
Earnings (YoY) (MAR)
Medium -1.2% -0.7%
05:00
JPY Vehicle Sales
(YoY) (APR)
Low -15.6%
06:00
GBP Nationwide House
Prices n.s.a. (YoY)
(APR)
Medium 1.3% 0.8%
06:00
GBP Nationwide House
Prices s.a. (MoM)
(APR)
Low 0.3% 0.0%
06:30
AUD RBA Commodity
Index SDR (YoY)
(APR)
Low -7.5%
06:30
AUD RBA Commodity
Price Index (APR)
Low 87.9
08:30
GBP Purchasing
Manager Index
Manufacturing (APR)
Medium 48.5 48.3
11:00
USD MBA Mortgage
Applications (APR 26)
Low 0.2%
12:15
USD ADP Employment
Change (APR)
Medium 158K
12:58
USD Markit US PMI
Final (APR)
Low
14:00
USD ISM
Manufacturing (APR)
High 51.3
14:00
USD Construction
Spending (MoM) (MAR)
Medium 1.2%
14:00
USD ISM Prices Paid
(APR)
Medium 54.5

12. 14:30
USD DOE Cushing OK
Crude Inventory (ARP
26)
Low 35K
14:30
USD DOE U.S. Crude
Oil Inventories (ARP
26)
Low 947K
14:30
USD DOE U.S.
Distillate Inventory
(ARP 26)
Low 97K
14:30
USD DOE U.S.
Gasoline Inventories
(ARP 26)
Low -3928K
18:00
USD Federal Open
Market Committee Rate
Decision (MAY 1)
High 0.25% 0.25%
18:00
USD Federal Reserve
FOMC Meeting (MAY
1)
High
21:00
USD Domestic Vehicle
Sales (APR)
Low 12.00M 12.00M
21:00
USD Total Vehicle
Sales (APR)
Low 15.30M 15.22M
23:50
JPY Foreign Buying
Japan Bonds (Yen)
(ARP 26)
Low -¥199.3B
23:50
JPY Foreign Buying
Japan Stocks (Yen)
(ARP 26)
Low -¥27.9B
23:50
JPY Japan Buying
Foreign Bonds (Yen)
(ARP 26)
Low -¥862.6B
23:50
JPY Japan Buying
Foreign Stocks (Yen)
(ARP 26)
Low -¥27.8B
23:50
JPY Monetary Base
(YoY) (APR)
Low
Thu
May 2
GBP Halifax House
Price (3MoY) (APR)
Low 1.1%
GBP Halifax Plc House
Prices s.a. (MoM)
(APR)
Low 0.2%
JPY Official Reserve
Assets (APR)
Low $1254.4B
01:00
NZD ANZ Commodity
Price (APR)
Low 7.4%
01:30
AUD Building
Approvals (MoM)
(MAR)
Low 1.3% 3.1%
01:30
AUD Building
Approvals (YoY) (MAR)
Low 13.6% 12.8%
01:30
AUD Export Price Index
(QoQ) (1Q)
Low 4.5% -2.4%
01:30
AUD Import Price Index
(QoQ) (1Q)
Low -0.5% 0.3%
01:45
CNY HSBC
Manufacturing PMI
(APR)
Medium 50.6 51.6

13. 07:30
CHF SVME-Purchasing
Managers Index (APR)
Medium 49.0 48.3
07:45
EUR Italian Purchasing
Manager Index
Manufacturing (APR)
Medium 44.8 44.5
07:50
EUR French
Purchasing Manager
Index Manufacturing
(APR F)
Medium 44.4 44.4
07:55
EUR German
Purchasing Manager
Index Manufacturing
(APR F)
Medium 47.9 47.9
08:00
EUR Euro-Zone
Purchasing Manager
Index Manufacturing
(APR F)
Medium 46.5 46.5
08:30
GBP Purchasing
Manager Index
Construction (APR)
Medium 48.0 47.2
11:30
USD Challenger Job
Cuts (YoY) (APR)
Low 30.0%
11:30
USD RBC Consumer
Outlook Index (MAY)
Low 50.3
11:45
EUR European Central
Bank Rate Decision
(MAY 2)
High 0.50% 0.75%
11:45
EUR European Central
Bank Deposit Facility
Rate (MAY 2)
Medium 0.0% 0.0%
12:30
USD Initial Jobless
Claims (ARP 26)
Medium 345K 339K
12:30
USD Trade Balance
(MAR)
Medium -$42.0B -$43.0B
12:30
CAD International
Merchandise Trade
(Canadian dollar)
(MAR)
Low -0.70B -1.02B
12:30
USD Continuing Claims
(APR 20)
Low 3000K
12:30
USD Non-Farm
Productivity (1Q P)
Low 1.8% -1.9%
12:30
USD Unit Labor Costs
(1Q P)
Low 0.0% 4.6%
13:45
USD ISM New York
(APR)
Low 51.2
14:30
USD EIA Natural Gas
Storage Change (ARP
26)
Low 30.0
23:30
AUD AiG Performance
of Service Index (APR)
Medium 49.6
Fri
May 3
01:00
CNY Non-
manufacturing PMI
(APR)
Medium 55.6
01:30
AUD Producer Price
Index (QoQ) (1Q)
Medium 0.2%

14. 01:30
AUD Producer Price
Index (YoY) (1Q)
Medium 1.0%
06:00
CHF UBS Real Estate
Bubble Index (1Q)
Medium 1.11
08:30
GBP Purchasing
Manager Index
Services (APR)
Medium 52.3 52.4
08:30
GBP Official Reserves
(Changes) (APR)
Low $202M
09:00
EUR Euro-Zone
Producer Price Index
(YoY) (MAR)
High 0.6% 1.3%
09:00
EUR Euro-Zone
Producer Price Index
(MoM) (MAR)
Medium -0.2% 0.2%
12:30
USD Change in Non-
farm Payrolls (APR)
High 88K
12:30
USD Unemployment
Rate (APR)
High 7.6% 7.6%
12:30
USD Average Hourly
Earning All Employees
(MoM) (APR)
Medium 0.2% 0.0%
12:30
USD Average Hourly
Earning All Employees
(YoY) (APR)
Medium 1.9% 1.8%
12:30
USD Change in Private
Payrolls (APR)
Medium 170K 95K
12:30
USD Average Weekly
Hours All Employees
(APR)
Low 34.6 34.6
12:30
USD Change in
Household
Employment (APR)
Low -206
12:30
USD Change in
Manufacturing Payrolls
(APR)
Low 5K -3K
12:30
USD Two-Month
Payroll Net Revision
(APR)
Low
12:30
USD Underemployment
Rate (U6) (APR)
Low 13.8%
14:00
USD Factory Orders
(MAR)
Medium -2.4% 3.0%
14:00
USD ISM Non-
Manufacutring
Composite (APR)
Medium 54.0 54.4
16:45
USD Fed's Lacker
Speaks on the
Economy in Virginia
Low

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