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Weekly IForex Press Release Report by epicresearch 24th February 2014

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INTERNATIONAL CURRENCY BUZZ

 

➔Offshore Yuan Slides in Worst Week Since 2011 on Growth Concerns

➔ Aussie Poised for Weekly Drop as Deutsche Says It May Fall 20%

➔ IMF Calls for Indian Emergency Rupee Plan in Taper Warning

➔ G-20 Blame Game Starts as Lew Urges Emerging Market Action Updated

➔ Dollar Advances Against Yen on Policy Divergence; Real Rises

➔ Pound Has Biggest Weekly Drop in Three Months After Retail Sales

➔ U.S. Deflation Risk Seen Growing in Wells Fargo Model

➔ Ruble Wilts as Kiev Burns With Sochi Overshadowed

➔ Nigeria Bank Chief Nominee Seen as Safe After Sanusi Shock

➔ G-20 Pushes Growth as Stimulus Withdrawal Backed, Draft Says

➔ Currency Traders’ Strategies Foiled as Trends Go Missing

 

INTRADAY OUTLOOK

Support: 0.8425

Resistance: 0.8240

 

RECOMMENDATION:

  1. Buy NZD/USD Above 0.8250- TG: 08300/ 0.8350 SL 0.8200

  2. Sell NZD/USD Below 0.8220- TG: 0.8180/ 0.8150 SL 0.8270

 

INTRADAY OUTLOOK

Immediate Support: 101.30

Immediate Resistance: 103.00

 

RECOMMENDATION:

1. Buy USD/JPY Above 103.50- TG: 104.00/104.50 SL 102.90

  1. Sell USD/JPY Below 101.10- TG: 100.60/100.10 SL 101.60

 

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

  • Forex & IForex– Major currency pairs

 

Our research is based around these services:

 

SGX Stock

Forex Signals

 



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