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1. DAILY IFOREX REPORT
27
DECEMBER 2013
TRADING TIPS
●
●
BUY USD-JPY ABOVE 104.85 TGT
105.10,105.50 SL 104.70
SELL USD-CAD BELOW 1.0595 TGT
1.0570 ,1.0530 SL 1.0635

2. HEADLINES
Name
Last
EUR/USD
1.3688
USD/JPY
1.6428
USD/CHF
0.8959
AUD/USD
0.8884
USD/CAD
1.0625
EUR/JPY
143.399
EUR/GBP
0.8331
EUR/AUD
1.5412
GBP/CHF
1.4717
GBP/JPY
172.1145
GBP/CAD
1.7457
GBP/AUD
1.8498
AUD/JPY
93.06
CAD/JPY
98.615
CHF/JPY
116.958
NZD/JPY
85.446
AUD/CAD
0.9438
AUD/CHF
0.7957
AUD/SGD
1.1272
AUD/SGD
1.131
Forex - Dollar mixed vs. rivals after jobless claims; USD/JPY approaches 105.0
●
Forex - GBP/USD extends gains to 1-week high after jobless claims report
●
Forex - EUR/USD trims gains after U.S. jobless claims data
104.761
GBP/USD
●
The U.S. dollar was mixed against the other major currencies on Thursday,
. the greenback rising to a five-year high against the yen after data showed
with
that that the number of people who filed for unemployment assistance in the
U.S. last week fell more-than-expected.
Dollar mixed vs. rivals after jobless claims; USD/JPY approaches 105.0Dollar
mixed after jobless claims dataThe U.S. Department of Labor said earlier that
the number of individuals filing for initial jobless benefits declined by 42,000 to
a seasonally adjusted 338,000 last week. Analysts had expected U.S. jobless
claims to fall by 35,000 to 345,000 from the previous week’s revised total of
380,000, which was the highest since March.
The upbeat data added to the view that the U.S. economy will be strong
enough to allow the Federal Reserve to continue withdrawing stimulus through
2014.
USD/JPY rose to a session high of 104.84, the highest since October 5, 2008,
during U.S. morning trade, before subsequently consolidating at 104.79, up
0.4%. The yen weakened broadly amid speculation the Bank of Japan will
have to expand its stimulus program in the coming months in order to meet its
target of 2% inflation by 2015.
Minutes of the BoJ’s November policy meeting showed that that not all board
members were convinced that the country’s growth was on a long-term upward
trend. Investors also reacted to comments made by BoJ Governor Haruhiko
Kuroda, who said that the nation’s economy hadn’t yet completely wiped out .

3. HOURLY EURUSD CHART
ANALYSIS
EURUSD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 1.3725
SUPPORT: 1.3660

4. HOURLY USDJPY CHART
ANALYSIS
USDJPY LOOK SIDEWAYS
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 104.80
SUPPORT: 104.15

5. HOURLY EURGBP CHART
ANALYSIS
USD/CHF LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 0.8970
SUPPORT: 0.8940

6. HOURLY EURGBP CHART
ANALYSIS
USD/CAD LOOKS DOWNSIDE
TREND: BEARISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANC
RESISTANCE: 1.0630
SUPPORT: 1.0575

7. HOURLY GBPUSD CHART
ANALYSIS
GBPUSD LOOKS UPSIDE
TREND: BULLISH
STRATEGY:
BUY AROUND SUPPORT
SELL AROUND RESISTANCE
RESISTANCE: 1.6480
SUPPORT: 1.6320

8. ECONOMIC CALLENDER
Time
Cur.
Imp.
Event
Actual
Forecast
Previous
05:00:00 AM
JPY
LOW
Household Spending
(YoY)
1.70%
0.90%
05:00:00 AM
JPY
LOW
National Core CPI (YoY)
1.10%
0.90%
05:00:00 AM
JPY
MEDIUM
Tokyo Core CPI (YoY)
0.70%
0.60%
05:00:00 AM
JPY
MEDIUM
Tokyo CPI (YoY)
0.90%
05:00:00 AM
JPY
LOW
Unemployment Rate
3.90%
4.00%
05:20:00 AM
JPY
LOW
Foreign Bonds Buying
110.5B
05:20:00 AM
JPY
LOW
Industrial Production
(MoM)
0.40%
1.00%
05:20:00 AM
JPY
LOW
Industrial Production
forecast 1m ahead
(MoM)
0.90%
05:20:00 AM
JPY
MEDIUM
Retail Sales (YoY)
2.90%
2.30%
07:00:00 AM
JPY
LOW
Average Cash Earnings
(YoY)
0.40%
-0.10%
01:15:00 PM
EUR
LOW
French PPI (MoM)
-0.20%
-0.20%
01:30:00 PM
EUR
LOW
Spanish Current account
0.34B
09:00:00 PM
USD
LOW
ECRI Weekly Annualized
(WoW)
2.10%
09:00:00 PM
USD
LOW
Natural Gas Storage
-285B
09:30:00 PM
USD
LOW
Crude Oil Inventories
-2.320M
-2.941M
09:30:00 PM
USD
LOW
EIA Weekly Distillates
Stocks
-0.400M
-2.110M
09:30:00 PM
USD
LOW
Gasoline Inventories
1.260M
1.337M
12/27/13

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