1. DAILY I FOREX REPORT
11TH
JULY 2013
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 Yen Rises Further Against The Dollar In
An FOMC Focused Trading Day
 US Dollar Retreats Ahead of Bernanke;
USD/JPY Set to Break ¥100
The USDJPY imploded overnight, slipping by over one percent
and testing prices under ¥100.00, as the continued streak of
improved Japanese data has investors reconsidering their stance
on the Bank of Japan. Volatility in the USDJPY couldn’t be more
appropriate, given what’s due ahead on the economic docket into
the end of the week.
Later today, the Fed’s June 18 to 19 meeting Minutes will be
released, which will only be market moving insofar as there is a
vocal minority apparent – one that seeks to extend QE3 or one
that seeks to taper immediately. While the Minutes would
normally garner more attention, the big Fed event on the day is
Chairman Bernanke’s speech in Boston on economic policy
shortly after the closing bell. The speech is entitled “The First
100 Years of the Federal Reserve: The Policy Record, Lessons
Learned, and Prospects for the Future,” meaning there is scope
for discussion on future policy.
Considering that Fed officials have been on the defensive since
the June FOMC meeting – and the chairman himself has yet to
opine – it wouldn’t be surprising to hear Chairman Bernanke
utilize dovish rhetoric, if only to serve as a counterweight to the
recent uptick in borrowing costs. With the Fed set to balance its
tone, the BoJ on Thursday will provide the ammunition to see the
USDJPY selloff into the end of the week as long as a hold prevails.
This may be the last BoJ meeting marked by inaction, as the
Japanese diet elections over the coming days will cement power
with the pro-easing/Abenomics camp, which should pave the
way for more accommodative policies in the fall.
TRADING TIPS
 BUY EURUSD ABOVE
1.2850 TGT 1.2870/1.2890
SL 1.2820
 SELL USDJPY BELOW 99.75
TGT 99.55/99.35 SL 100.50
 BUY GBPUSD ABOVE
1.4950 TGT 1.4975/1.4995
SL 1.4920
HEADLINES

3.  HOURLY EURUSD CHARTHOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0030(BULLISH SIGNAL)
RSI => 56 (BULLISH SIGNAL)
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4. HOURLY USDJPY CHART
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ANALYSIS
USDJPY LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.10(BEARISH SIGNAL)
RSI =>27(BEARISH SIGNAL)

5. HOURLY GBPUSD CHART
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ANALYSIS
GBPUSD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
MACD =>.0002(BULLISH SIGNAL)
RSI =>61(BULLISH SIGNAL)

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HOURLY EURGBP CHART
ANALYSIS
EURGBP LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.0004(BEARISH SIGNAL)
RSI =>45(BEARISH SIGNAL)

7. HOURLY USD INDEX CHART
ANALYSIS
USD INDEX LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
MACD =>.0138(BEARISH SIGNAL)
RSI =>32(BEARISH SIGNAL)

8. Date Time Currency Event Importance Actual Forecast Previous Notes
Sun
Jul 7
23:50
JPY Trade Balance -
BOP Basis (Yen) (MAY)
Medium -¥906.7B -¥902.1B -¥818.8B
23:50
JPY Adjusted Current
Account Total (Yen)
(MAY)
Low ¥623.3B ¥600.0B ¥852.7B
23:50
JPY Bank Lending
Banks ex-Trust (JUN)
Low 2.2% 2.3% 2.1%
23:50
JPY Bank Lending incl
Trusts (YoY) (JUN)
Low 1.9% 1.9% 1.8%
23:50
JPY Current Account
Balance (YoY) (MAY)
Low 58.1% 91.6% 100.8%
23:50
JPY Current Account
Total (Yen) (MAY)
Low ¥540.7B ¥600.0B ¥750.0B
Mon
Jul 8
01:30
AUD ANZ Job
Advertisements (MoM)
(JUN)
Low -1.8% -2.5%
02:35
NZD REINZ House
Sales (YoY) (JUN)
Low 0.0% 7.5%
02:35
NZD REINZ Housing
Price Index (MoM)
(JUN)
Low 0.0% 0.7%
02:35
NZD REINZ Housing
Price Index (JUN)
Low 3685.8 3686.9
04:30
JPY Bankruptcies
(YoY) (JUN)
Medium -8.0% -9.0%
05:00
JPY Eco Watchers
Survey: Current (JUN)
Medium 53.0 55.5 55.7
05:00
JPY Eco Watchers
Survey: Outlook (JUN)
Medium 53.6 55.7 56.2
05:45
CHF Unemployment
Rate (JUN)
Medium 2.9% 3.0% 3.0%
05:45
CHF Unemployment
Rate s.a. (JUN)
Medium 3.2% 3.2% 3.2%
06:00
EUR German Trade
Balance (euros) (MAY)
Medium 13.1B 17.8B 18.0B
06:00
EUR German Current
Account (euros) (MAY)
Low 11.2B 14.8B 16.7B
06:00
EUR German Exports
s.a. (MoM) (MAY)
Low -2.4% 0.1% 1.4%
06:00
EUR German Imports
s.a. (MoM) (MAY)
Low 1.7% 0.0% 1.2%
07:15
CHF Industrial
Production (YoY) (1Q)
Medium 3.0% 1.4% 1.7%
08:30
EUR Euro-Zone Sentix
Investor Confidence
(JUL)
Medium -12.6 -11.4 -11.6
ECONOMIC CALLENDER

9. 10:00
EUR German Industrial
Production n.s.a. and
w.d.a. (YoY) (MAY)
Medium -1.0% -0.5% 0.9%
10:00
EUR German Industrial
Production s.a. (MoM)
(MAY)
Low -1.0% -0.5% 2.0%
12:30
CAD Building Permits
(MoM) (MAY)
Low -5.0% 10.5%
13:00
EUR Euro-Area
Finance Ministers Meet
in Brussels
High
13:00
EUR ECB's Draghi
Speaks in Brussels
Medium
13:00
IMF Releases Euro-
Area Article IV
Statement
Medium
14:30
CAD Bank of Canda
Senior Loan Officer
Survey (2Q)
Medium -5.0 -5.8
14:30
CAD Business Outlook
Future Sales (2Q)
Medium 30 24
19:00
USD Consumer Credit
(MAY)
Medium $12.500B $11.058B
21:00
USD EIA Gasoline and
Diesel Fuel Update
Low
22:00
NZD NZIER Business
Opinion Survey (2Q)
Medium 23
22:45
NZD NZ Card Spending
- Retail (MoM) (JUN)
Medium 0.6% 0.5%
22:45
NZD NZ Card Spending
(MoM) (JUN)
Medium 0.6%
23:01
GBP RICS House Price
Balance (JUN)
Medium 8% 5%
23:01
GBP BRC Sales Like-
For-Like (YoY) (JUN)
Low 1.9% 1.8%
23:50
JPY Japan Money
Stock M2+CD (YoY)
(JUN)
Low 3.4% 3.4%
23:50
JPY Japan Money
Stock M3 (YoY) (JUN)
Low 2.9% 2.8%
Tue
Jul 9
00:00
NZD QV House Prices
(YoY) (JUN)
Low 7.1%
01:30
CNY Consumer Price
Index (YoY) (JUN)
High 2.5% 2.1%
01:30
CNY Producer Price
Index (YoY) (JUN)
High -2.6% -2.9%
01:30
AUD NAB Business
Confidence (JUN)
Medium -1
01:30
AUD NAB Business
Conditions (JUN)
Low -4
06:00
JPY Machine Tool
Orders (YoY) (JUN P)
Medium -7.4%
07:15
CHF Retail Sales (Real)
(YoY) (MAY)
Medium 3.3%

10. 08:30
GBP Industrial
Production (YoY)
(MAY)
Medium -1.5% -0.6%
08:30
GBP Manufacturing
Production (YoY)
(MAY)
Medium -1.5% -0.5%
08:30
GBP Total Trade
Balance (Pounds)
(MAY)
Medium -£2600 -£2579
08:30
GBP Trade Balance
Non EU (Pounds)
(MAY)
Medium -£3480 -£3414
08:30
GBP Visible Trade
Balance (Pounds)
(MAY)
Medium -£8485 -£8224
08:30
GBP Industrial
Production (MoM)
(MAY)
Low 0.2% 0.1%
08:30
GBP Manufacturing
Production (MoM)
(MAY)
Low 0.4% -0.2%
11:30
USD NFIB Small
Business Optimism
(JUN)
Low 94.7 94.4
12:15
CAD Housing Starts
(JUN)
Medium 188.0K 200.2K
14:00
GBP NIESR Gross
Domestic Product
Estimate (JUN)
High 0.6%
14:00
USD JOLTs Job
Openings (MAY)
Low 3757
23:50
JPY Tertiary Industry
Index (MoM) (MAY)
Medium 0.8% 0.0%
23:50
JPY Domestic
Corporate Goods Price
Index (MoM) (JUN)
Low 0.0% 0.1%
23:50
JPY Domestic
Corporate Goods Price
Index (YoY) (JUN)
Low 1.2% 0.6%
Wed
Jul 10
CNY New Yuan Loans
(JUN)
High 800.0B 667.4B
CNY Trade Balance
(USD) (JUN)
Medium $27.80B $20.43B
CNY Aggregate
Financing (JUN)
Low 1400.0B 1190.0B
CNY Exports (YoY)%
(JUN)
Low 3.9% 1.0%
CNY Foreign Reserves
(JUN)
Low $3485.0B $3440.0B
CNY Imports (YoY)%
(JUN)
Low 6.2% -0.3%
CNY Money Supply -
M0 (YoY) (JUN)
Low 10.5% 10.8%
CNY Money Supply -
M1 (YoY) (JUN)
Low 10.8% 11.3%
CNY Money Supply -
M2 (YoY) (JUN)
Low 15.2% 15.8%
00:30
AUD Westpac
Consumer Confidence
(JUL)
Medium 4.7%

11. 00:30
AUD Westpac
Consumer Confidence
Index (JUL)
Low 102.2
05:00
JPY Consumer
Confidence Index (JUN)
Low 45.7
06:00
EUR German
Consumer Price Index -
EU Harmonised (YoY)
(JUN F)
High 1.9% 1.9%
06:00
EUR German
Consumer Price Index
(YoY) (JUN F)
High 1.8% 1.8%
06:00
EUR German
Consumer Price Index -
EU Harmonised (MoM)
(JUN F)
Medium 0.1% 0.1%
06:00
EUR German
Consumer Price Index
(MoM) (JUN F)
Medium 0.1% 0.1%
11:00
USD MBA Mortgage
Applications (JUL 5)
Low -11.7%
14:00
USD Wholesale
Inventories (MAY)
Low 0.3% 0.2%
14:00
USD Wholesale Sales
(MoM) (MAY)
Low 0.6% 0.5%
14:30
USD DOE U.S. Crude
Oil Inventories (JUL 5)
Low -10347K
14:30
USD DOE U.S.
Distillate Inventory (JUL
5)
Low -2418K
14:30
USD DOE U.S.
Gasoline Inventories
(JUL 5)
Low -1719K
14:30
USD DOE U.S.
Refinery Utilization
(JUL 5)
Low 2.0%
18:00
LIVE
USD Fed Releases
Minutes from Jun 18-19
FOMC Meeting
High
20:10
USD Fed's Bernanke
Speaks on Economic
Policy in Boston
High
22:00
NZD ANZ Truckometer
Heavy Traffic (JUN)
Low 4.7%
22:30
NZD Business NZ
Performance of
Manufacturing Index
(JUN)
Medium 59.2
22:45
NZD Food Prices
(MoM) (JUN)
Low 0.3%
23:50
JPY Japan Buying
Foreign Bonds (Yen)
(JUL 5)
Medium -¥965.9B
23:50
JPY Japan Buying
Foreign Stocks (Yen)
(JUL 5)
Medium -¥38.9B
23:50
JPY Machine Orders
(YoY) (MAY)
Medium 2.8% -1.1%
23:50
JPY Foreign Buying
Japan Bonds (Yen)
(JUL 5)
Low ¥261.8B
23:50
JPY Foreign Buying
Japan Stocks (Yen)
(JUL 5)
Low ¥479.7B

12. 23:50
JPY Machine Orders
(MoM) (MAY)
Low 1.7% -8.8%
Thu
Jul 11
JPY Bank of Japan
Monetary Policy
Statement
High
JPY Bank of Japan
Rate Decision (JUL 11)
High
JPY BOJ 2014
Monetary Base Target
(JUL 11)
Medium ¥270T
01:00
AUD Consumer
Inflation Expectation
(JUL)
Medium 2.3%
01:30
LIVE
AUD Employment
Change (JUN)
High 0.0K 1.1K
01:30
LIVE
AUD Unemployment
Rate (JUN)
High 5.6% 5.5%
01:30
AUD Full Time
Employment Change
(JUN)
Medium -5.3K
01:30
AUD Part Time
Employment Change
(JUN)
Low 6.4K
01:30
AUD Participation Rate
(JUN)
Low 65.2% 65.2%
02:00
JPY Tokyo Avg Office
Vacancies (%) (JUN)
Low 8.33
06:00
EUR German
Wholesale Price Index
(MoM) (JUN)
Low -0.4%
06:00
EUR German
Wholesale Price Index
(YoY) (JUN)
Low -0.1%
06:30
JPY Kuroda Holds
Post-Meeting Press
Conference
High
08:00
EUR ECB Publishes
Monthly Report
High
12:30
CAD New Housing
Price Index (YoY)
(MAY)
Medium 2.0%
12:30
USD Initial Jobless
Claims (JUL 6)
Medium 340K 343K
12:30
CAD New Housing
Price Index (MoM)
(MAY)
Low 0.2% 0.2%
12:30
USD Continuing Claims
(JUN 29)
Low 2958K 2933K
12:30
USD Import Price Index
(MoM) (JUN)
Low 0.0% -0.6%
12:30
USD Import Price Index
(YoY) (JUN)
Low 0.5% -1.9%
14:30
USD EIA Natural Gas
Storage Change (JUL
5)
Low 72
15:00
USD Fed's Tarullo
Testifies on Regulation
to Senate Banking
Low
18:00
USD Monthly Budget
Statement (JUN)
Medium $40.0B

13. Fri
Jul 12
JPY Bank of Japan's
Monthly Economic
Report for July
High
USD Fed's Plosser and
Bullard Speak in
Wyoming
Low
01:30
AUD Home Loans
(MAY)
Medium 2.2% 0.8%
01:30
AUD Investment
Lending (MAY)
Low 1.1%
01:30
AUD RBA Credit Card
Balances (MAY)
Low $A49.4B
01:30
AUD RBA Credit Card
Purchases (MAY)
Low $A21.6B
01:30
AUD Value of Loans
(MoM) (MAY)
Low -0.9%
03:00
NZD Non Resident
Bond Holdings (JUN)
Low 69.1%
04:30
JPY Industrial
Production (YoY) (MAY
F)
Medium -1.0%
04:30
JPY Capacity Utilization
(MoM) (MAY F)
Low 1.6%
04:30
JPY Industrial
Production (MoM)
(MAY F)
Low 2.0%
08:30
JPY Construction
Output (YoY) (MAY)
Low -1.1%
09:00
EUR Euro-Zone
Industrial Production
w.d.a. (YoY) (MAY)
Medium -1.4% -0.6%
09:00
EUR Euro-Zone
Industrial Production
s.a. (MoM) (MAY)
Low -0.3% 0.4%
12:30
USD Producer Price
Index Ex Food &
Energy (YoY) (JUN)
Medium 1.6% 1.7%
12:30
USD Producer Price
Index (YoY) (JUN)
Medium 2.1% 1.7%
12:30
USD Producer Price
Index Ex Food &
Energy (MoM) (JUN)
Low 0.1% 0.1%
12:30
USD Producer Price
Index (MoM) (JUN)
Low 0.5% 0.5%
13:00
CAD Teranet/National
Bank HPI (MoM) (JUN)
Low 1.1%
13:00
CAD Teranet/National
Bank HPI (YoY) (JUN)
Low 2.0%
13:00
CAD Teranet/National
Bank HP Index (JUN)
Low 155.39
13:55
LIVE
USD U. of Michigan
Confidence (JUL P)
High 85.0 84.1
21:15
USD Fed's Williams
Presents a Monetary
Policy Paper in
Vancouver
Low

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