Daily I-Forex Report by epicresearch 31st December 2013

BUY GBP-USD ABOVE 1.6540 TGT 1.6565,1.6600 SL1.06500 SELL USD-CAD BELOW 1.0630 TGT 1.0605 ,1.0570 SL 1.0670

ListFree.org (Press Release) - Monday, December 30th, 2013

TRADING TIPS

BUY GBP-USD ABOVE 1.6540 TGT 1.6565,1.6600 SL1.06500
SELL USD-CAD BELOW 1.0630 TGT 1.0605 ,1.0570 SL 1.0670
Forex – GBP/USD edges higher on U.S. home sales data
Forex – EUR/USD extends gains after U.S. data disappoints
Forex – USD/CAD edges lower but remains supported

The dollar pushed lower against the other major currencies in holiday-
thinned trade on Monday, as downbeat U.S. home sales data dampened
demand for the greenback.
Dollar pushes lower vs. rivals on downbeat U.S. data Dollar pushes
lower on U.S. data Trading volumes were thin as many investors already
closed books before the end of the year, reducing liquidity in the market
and increasing volatility, which helped exaggerate market moves.
During U.S. morning trade, EUR/USD gained 0.41% to 1.3801.
In a report, the National Association of Realtors said its pending home
sales index increased by a seasonally adjusted 0.2% last month,
disappointing expectations for a 1% gain. Pending home sales for
October were revised to a 1.2% decline from a previously reported drop
of 0.6%.
The euro also remained supported after European Central Bank
Governing Council member Jens Weidmann on Friday said keeping
interest rates low may endanger political reforms.
According to Germany’s Bild newspaper, Weidmann said low inflation
shouldn’t be used to justify loose monetary policy. “We must take care
to raise interest rates again in a timely manner should inflation
pressures build,” he reportedly added

HOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 1.3860
SUPPORT: 1.3780

HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOK DOWNSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 105.20
SUPPORT: 104.60

HOURLY EURGBP CHART
ANALYSIS
USD/CHF LOOKS DOWNSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 0.8880
SUPPORT: 0.8840

HOURLY EURGBP CHART
ANALYSIS
USD/CAD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANC
RESISTANCE: 1.0660
SUPPORT: 1.0630

HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 1.6550
SUPPORT: 1.6420

Epic Research is a leading global financial services provider. Headquartered in Indore, India, Epic has offices and representatives in U.S.A., Singapore, Australia and Middle East. With its full fledged research operations, Epic Research has proven itself as Investment Advisory Company that produces and delivers high accuracy tips and recommendations for the Singapore market –

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Global Forex – Major currency pairs

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Country:Singapore
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