Daily i-Forex Report by www.epicresearch.co 1st March 2013

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indore, India (prHWY.com) March 1, 2013 - HEADLINE
 US Dollar Edging Lower, S&P 500 Rebound Seen As Corrective
 Dollar Suffers As Bernanke Sparks Risk Rally, FX War Talk Builds
 Forex: Bernanke Sparks Rally For Yen Crosses And S&P 500, Will It Last?

Forex: Euro at Risk on ECB Easing Bets, Yen Eyes US GDP Revision
The preliminary set of February German CPI data is in focus in European hours. Expectations call for the year-on-year inflation rate to hold at 1.7 percent, unchanged from the prior month. A downside surprise may weigh particularly heavily on the Euro after yesterday's comments from ECB President Mario Draghi, who said the central bank was far from abandoning its accommodative posture. With that in mind, a drop in inflation may stoke easing expectations, undercutting yield-based support for the single currency.

TRADING TIPS
* BUY EURUSD
ABOVE 1.3165
tgs 1.3180/1.3200
sl 1.3135

* BUY USDJPY
ABOVE 92.00
tgt 91.80/91.60
SL 92.30

* SELL GBPUSD
BELOW 1.5150
Tgt 1.5130/1.5110
SL 1.5180




ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3155
HIGH: 1.3158
LOW: 1.3106
CLOSE: 1.3113


* EURUSD LOOKS UPWARD
* TREND : BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>-.0006(BULLISH SIGNAL)
* RSI => 45(BULLISH SIGNAL)


ANALYSIS

HOURLY USDJPY CHART

OPEN: 92.32
HIGH: 92.67
LOW: 92.01
CLOSE: 92.18


* USDJPY LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => -0.02( BULLISH SIGNAL)
* RSI =>49(BULLISH SIGNAL)





ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5165
HIGH: 1.5205
LOW: 1.5152
CLOSE: 1.5164


* GBPUSD LOOKS DOWNWARD
* TREND: BULLISH
* STRATEGY: SELL ON RISE
* MACD => .001( BEARISH SIGNAL)
* RSI => 54(BEARIISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8673
HIGH: 0.8675
LOW: 0.8637
CLOSE: 0.8643


* EURGBP LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD =>-.003(BULLISH SIGNAL)
* RSI =>41(BULLISH SIGNAL)


HOURLY USDINDEX CHART

OPEN: 81.5080
HIGH: 81.6600
LOW: 81.4740
CLOSE: 81.6140



* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.217(BEARISH SIGNAL)
* RSI =>54(BEARISH SIGNAL)



Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. Share Tips We provide services in equity, commodity and Forex market.

HEADLINE
 US Dollar Edging Lower, S&P 500 Rebound Seen As Corrective
 Dollar Suffers As Bernanke Sparks Risk Rally, FX War Talk Builds
 Forex: Bernanke Sparks Rally For Yen Crosses And S&P 500, Will It Last?

Forex: Euro at Risk on ECB Easing Bets, Yen Eyes US GDP Revision
The preliminary set of February German CPI data is in focus in European hours. Expectations call for the year-on-year inflation rate to hold at 1.7 percent, unchanged from the prior month. A downside surprise may weigh particularly heavily on the Euro after yesterday's comments from ECB President Mario Draghi, who said the central bank was far from abandoning its accommodative posture. With that in mind, a drop in inflation may stoke easing expectations, undercutting yield-based support for the single currency.

TRADING TIPS
* BUY EURUSD
ABOVE 1.3165
tgs 1.3180/1.3200
sl 1.3135

* BUY USDJPY
ABOVE 92.00
tgt 91.80/91.60
SL 92.30

* SELL GBPUSD
BELOW 1.5150
Tgt 1.5130/1.5110
SL 1.5180




ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3155
HIGH: 1.3158
LOW: 1.3106
CLOSE: 1.3113


* EURUSD LOOKS UPWARD
* TREND : BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>-.0006(BULLISH SIGNAL)
* RSI => 45(BULLISH SIGNAL)


ANALYSIS

HOURLY USDJPY CHART

OPEN: 92.32
HIGH: 92.67
LOW: 92.01
CLOSE: 92.18


* USDJPY LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => -0.02( BULLISH SIGNAL)
* RSI =>49(BULLISH SIGNAL)





ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5165
HIGH: 1.5205
LOW: 1.5152
CLOSE: 1.5164


* GBPUSD LOOKS DOWNWARD
* TREND: BULLISH
* STRATEGY: SELL ON RISE
* MACD => .001( BEARISH SIGNAL)
* RSI => 54(BEARIISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8673
HIGH: 0.8675
LOW: 0.8637
CLOSE: 0.8643


* EURGBP LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD =>-.003(BULLISH SIGNAL)
* RSI =>41(BULLISH SIGNAL)


HOURLY USDINDEX CHART

OPEN: 81.5080
HIGH: 81.6600
LOW: 81.4740
CLOSE: 81.6140



* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.217(BEARISH SIGNAL)
* RSI =>54(BEARISH SIGNAL)


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Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. Share Tips We provide services in equity, commodity and Forex market.

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