Daily I-Forex Report by www.epicresearch.sg 8th January 2014

SELL GBP-USD BELOW 1.6360 TGT 1.6325,1.6290 SL1.6495 BUY USD-CAD ABOVE 1.0730 TGT 1.0755 ,1.0790 SL 1.0690

ListFree.org (Press Release) - Wednesday, January 8th, 2014

TRADING TIPS

SELL GBP-USD BELOW 1.6360 TGT 1.6325,1.6290 SL1.6495
BUY USD-CAD ABOVE 1.0730 TGT 1.0755 ,1.0790 SL 1.0690
Forex – Euro rises to session highs after Ireland bond sale
Forex – Pound slips lower vs. dollar in subdued trade
Forex – Kiwi lower against broadly stronger greenback

EUR/USD hit session highs of 1.3653 and was last up 0.14% to 1.3647.
The yield on Irish 10-year government bonds fell to 3.26%, the lowest level since 2009, from 3.35% on Monday.

Ireland’s National Treasury Management Agency gave no indication of the size of the issue of the new 10-year bond, the first since the country exited the joint European Union and International Monetary Fund bailout program last month.

GBP/USD touched session low of 1.6377 and was last down 0.17% to 1.6379.
Cable was likely to find support at 1.6336, Monday’s low and the weakest since December 24 and resistance at 1.6475.

The dollar slid after the Institute of Supply Management said Monday that its non- manufacturing purchasing manager’s index declined to 53.0 in December from 53.9 in November. Analysts had expected the index to increase to 54.5. The ISM said the new orders index contracted for the first time since July 2009, falling to 49.4.

NZD/USD hit 0.8254 during late Asian trade, the session low; the pair subsequently consolidated at 0.8267, shedding 0.30%.

The pair was likely to find support at 0.8179, the low of January 3 and resistance at 0.8334, the high of December 10.

The dollar weakened Monday after the Institute of Supply Management said its non- manufacturing purchasing manager’s index declined to 53.0 in December from 53.9 in November. Analysts had expected the index to increase to 54.5.

The ISM said the new orders index contracted for the first time since July 2009, falling to 49.4.

HOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 1.3660
SUPPORT: 1.3590

HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOK DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 104.60
SUPPORT: 104.00

HOURLY EURGBP CHART
ANALYSIS
USD/CHF LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 0.9080
SUPPORT: 0.9030

HOURLY EURGBP CHART
ANALYSIS
USD/CAD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANC
RESISTANCE: 1.0720
SUPPORT: 1.0680

HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 1.6440
SUPPORT: 1.6360

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 –

SGX Equities
SGX Derivatives – Futures and Options
Global Commodities – Bullion, Energy and Agri
Global Forex – Major currency pairs

Our research is based around these services:

Forex Signals

SGX Stock

GET FREE TRIAL +6531581402
Or mail us here: info@epicresearch.sg or visit our site that is http://www.epicresearch.sg/
Or
http://www.epicresearch.sg/upload/report/daily-i-forex-report.pdf

ListFree.org: Embedded data.

Bookmark and Share Subscribe

 

Contact us at :
Issued By:Epic Research
Email:epicresearchsingapore@gmail.com
Town:Singapore
Country:Singapore
Phone:+6531581402
WebSite:http://www.epicresearch.sg/
Categories:Business
Tags:, , , , , , , , , , , , , , , ,

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.