EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

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21-JULY-2014

INTERNATIONAL CURRENCY BUZZ

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Forex - USD/CAD little changed after mixed U.S. data

Forex - Dollar rises to six-week highs against Russian roubleForex - GBP/USD edges lower as sentiment wanes

USD/JPY USD/JPY was up 0.23% and trading at 101.40, up from a session low of 101.09 and off a high of 101.45.The pair was expected to test support at 101.07, the low from July 10, and resistance at 101.80, Wednesday's high.The dollar took a dive against the yen on Thursday as investors digested the fallout from a downed Malaysian Airlines flight over Ukraine, with the U.S. blaming Ukrainian pro-Russian separatists for shooting down the aircraft, killing 298 aboard.

GBP/USDGBP/USD hit 1.7108 during European morning trade, the pair's lowest since July 15; the pair subsequently consolidated at 1.7111, slipping 0.15%.Cable was likely to find support at 1.7060, the low of July 15 and resistance at 1.7192, the high of July 15 and an almost six-year high.The greenback strengthened broadly after Ms. Yellen said Tuesday that rates could rise sooner if the economic recovery continued to improve. However, the Fed chair also said that if the recovery was disappointing monetary policy would remain accommodative.

DAILY ECONOMIC DATA

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EPIC'S ANALYST SPEAKS

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EUR/CAD Hourly Chart

INTRADAY OUTLOOK Support: 1.4505 Resistance: 1.4525

RECOMMENDATION: 1. Buy EUR/CAD Above 1.4565- TG: 1.4585/ 1.4610 SL 1.4530 2. Sell EUR/CAD Below 1.4505- TG: 1.4475/1.4450 SL 1.4538

EPIC'S ANALYST SPEAKS

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EUR/USD Hourly Chart

INTRADAY OUTLOOKImmediate Support: 1.3515Immediate Resistance: 1.3530

RECOMMENDATION: 1. Buy EUR/USD Above 1.3539- TG: 1.3559/1.3579 SL 1.35152. Sell EUR/USD Below 1.3523- TG: 1.3500/1.3480 SL 1.3544

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