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Epic Research Singapore : - Daily IForex Report of 16 May 2016 PowerPoint PPT Presentation


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Epic research singapore daily iforex report of 16 may 2016

Iforex Market Insight

 INTERNATIONAL CURRENCY

BUZZ

 ECONOMIC CALENDAR

 GBP/USD HOURLY CHART

 EUR/USD HOURLY CHART

EPIC RESEARCH SINGAPORE


Epic research singapore daily iforex report of 16 may 2016

Iforex Market Insight

Date – 16– May

INTERNATIONAL CURRENCY BUZZ

Forex-Dollar edges higher ahead of U.S. economic reports

Forex -Dollar slips against yen, edges higher vs. euro

Forex-Yen gains further in Asia as Kuroda defends negative rates

EUR/USD

EUR/USD fell sharply on Friday, as the dollar continued its rally from 9-month lows amid an

unexpected surge in U.S. consumer sentiment.The currency pair traded in a broad range

between 1.1283 and 1.1379, before settling at 1.1313, down 0.0061 or 0.56% on the ses-

sion. At session-lows, the euro fell below 1.13 against the dollar for the first time in the

month of May. The euro has now closed lower versus the dollar in eight of the last nine

sessions. Despite the recent downturn, the euro is still up against American counterpart by

more than 4% since the start of the year.EUR/USD likely gained support at 1.0538, the low

from December 3 and was met with resistance at 1.1496, the high from Oct. 15.

GBP/USD

GBP/USD is currently trading with a slight bullish bias. Yesterday, the pair broke above the

channel but ended up within the same channel. As long as the pair trades within this

channel, expect a rally to the lower side, a clear breakout above 1.4480 will lead to an ac-

celeration to the upper side but should not go above 1.46637. During this intraday, key

levels to look for include 1.4106, 1.4178, 1.4304, 1.44061, 1.4480, and 1.4663. This pair

should be traded alongside AUD/USD, GBP/CHF, NZD/USD, and GBP/CHF. These pairs have

a strong positive correlation of up to +0.92 and will likely have a similar price action during

this intraday.

Iforex Market Insight Report By Epic Research Singa-

www.epicresearch.sg


Epic research singapore daily iforex report of 16 may 2016

Iforex Market Insight

Date - 16– May

ECONOMIC CALENDAR

Time

Time

Cur.

Cur.

Event

Event

Forecast

Forecast

Previous

Previous

Monday, May 16, 2016

All Day

Holiday

Switzerland - Whit Monday

05:20

JPY

CGPI (MoM) (Apr)

-0.1%

05:20

JPY

CGPI (YoY) (Apr)

-3.8%

12:00

INR

WPI Food (YoY) (Apr)

3.73%

12:00

INR

WPI Fuel (YoY) (Apr)

-8.30%

12:00

INR

WPI Inflation (YoY) (Apr)

-0.20%

-0.85%

12:00

INR

WPI Manufacturing Inflation (YoY) (Apr)

-0.13%

18:00

USD

NY Empire State Manufacturing Index (May)

7.00

9.56

19:30

USD

NAHB Housing Market Index (May)

59

58

Iforex Market Insight Report By Epic Research Singapore

www.epicresearch.sg


Epic research singapore daily iforex report of 16 may 2016

Iforex Market Insight

Date - 16– May

GBP/USD HOURLY CHART

BUY GBPUSD ABOVE 1.4440 TARGET 1.4460 1.4490 SL 1.4410

SELL GBPUSD AROUND 1.4445-1.442 TARGET 1.4422 1.4392 SL 1.4475

EUR/USD HOURLY CHART

BUY EURUSD AROUND 1.1315-1.1317 TARGET 1.1335 1.1390 SL 1.1285

SELL EURUSD BELOW 1.1280 TARGET 1.1260 1.1230 SL 1.1310

Iforex Market Insight Report By Epic Research Singa-

www.epicresearch.sg


Epic research singapore daily iforex report of 16 may 2016

EPIC RESEARCH SINGAPORE

EPIC RESEARCH SINGAPORE

HNI & NRI SALES CONTACT

1,Raffles Place # 44-02

Singapore(048616)

2117 Arbor Vista DR.

Charlotte (NC)

www.epicresearch.sg

Cell:+1 704 249 2315

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