Daily i-Forex Report by www.epicresearch.co 13th march 2013

The British Pound set a new 2.5-year low as UK manufacturing production and industrial production disappointed expectations.

ListFree.org (Press Release) - Wednesday, March 13th, 2013

HEADLINE

Ø Uncertainty Over the Euro- Zone Crisis/Recovery

Leaves Euro at a Key Level

Ø Dollar Eases Off Multi High as S&P 500 Marches

Higher

Ø Euro Eyes Italian Bill Sale, Pound Looking For

Recovery Spark

Pound Plummets to a New 2.5-Year Low on Declining Industrial

1.3055/1.3075 sl 1.3005 Production

Yen Falls on BOJ Nominee Reports, Euro Eyes Italian Election

THE TAKEAWAY: UK industrial production declines 1.2% in January -> Signs worsen for Q1 economic growth -> Pound sets a new 2.5-year low

The British Pound set a new 2.5-year low as UK manufacturing production and industrial production disappointed expectations. Industrial production fell 1.2% in January, worse than expectations for a 0.1% rise in production and down from rise. Industrial production fell 2.9% from January 2012, according to the UK Office for National Statistics.

TRADING TIPS

v BUY EURUSD

ABOVE 1.3035

Tgs 1.3055/1.3075

sl 1.3005

v BUY USDJPY

ABOVE 96.75 tgt

96.95/97.15

SL 96.45

v SELL GBPUSD BELOW

1.4830 tgt

1.4810/1.4790 SL

1.4860

HOURLY EURUSD CHART

ANALYSIS

OPEN: 1.3032

HIGH: 1.3038

LOW: 1.2991

CLOSE: 1.3008

· EURUSD LOOKS UPWARD REVERSAL

· TREND : BULLISH

· STRATEGY: BUY ON DEEPS

· MACD =>-.000(BULLISH SIGNAL)

· RSI => 45(BULLISH SIGNAL)

HOURLY USDJPY CHART

ANALYSIS

OPEN: 96.63

HIGH: 96.69

LOW: 95.64

CLOSE: 95.76

· USDJPY LOOKS UPWARD

· TREND : BULLISH

· STRATEGY: BUY ON DEEPS

· MACD => -0.05( BULLISH SIGNAL)

· RSI =>30(BULLISH SIGNAL)

HOURLY GBPUSD CHART

ANALYSIS

OPEN: 0.8743

HIGH: 0.8777

LOW: 0.8718

CLOSE: 0.8757

· EURGBP LOOKS UPWARDS

· TREND: BULLISH STRATEGY: BUY ON DEEPS

· =>-.003(BULLISH SIGNAL)

· RSI =>62(BULLISH SIGNAL)

HOURLY EURGBP CHART

ANALYSIS

OPEN: 82.6740

HIGH: 82.7910

LOW: 82.6290

CLOSE: 82.6990

· USDINDEX LOOKS UPWARD

· : BULLISH STRATEGY: BUY ON DEEPS

· MACD =>0.79(BULLISH SIGNAL)

· RSI =>50(BULLISH SIGNAL)

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