Weekly IForex Press Release Report by epicresearch 24th February 2014
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:
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Buy NZD/USD Above 0.8250- TG: 08300/ 0.8350 SL 0.8200
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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
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Sell USD/JPY Below 101.10- TG: 100.60/100.10 SL 101.60
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