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Epic Research Singapore : - Daily IForex Report of 19 July 2016 PowerPoint PPT Presentation


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Epic research singapore daily iforex report of 19 july 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 19 july 2016

Iforex Market Insight

Date –19– July

INTERNATIONAL CURRENCY BUZZ

Forex- Sterling higher as BoE’s Weale says unsure on rate cut

Forex - Turkish lira rebounds after failed coup, yen retreats

Forex - Kiwi holds weaker after Q2 CPI data, Japan closed for holiday

EUR/USD

EUR/USD is currently trading with a bullish bias. During the previous trading day on 15th

July 2016, Euro reversed from the resistance level 1.1165, headed short and even hit the

key support level 1.1034. We are waiting for a clear breakout below 1.1034 to continue to

the lower side. However, as long as the pair trades above 1.1049, expect a possible bullish

bias towards 1.1120 or even higher to 1.1165. This pair should be traded alongside GBP/

CHF, GBP/JPY, USD/JPY, EUR/CHF, and AUD/USD. These pairs have a strong positive correla-

tion of up to +0.96 and will have a similar price action during this intraday.

GBP/USD

The pound rose to the day’s highs on Monday after Bank of England policymaker Martin

Weale said he was unsure if he would support an interest rate cut at the central bank’s

August meeting.GBP/USD rose 0.64% to 1.3265, coming off the lows of 1.3130 hit on Fri-

day.Weale said he would need to see firmer evidence of the impact of the U.K.’s vote to

leave the European Union before supporting at rate cut at next month’s meet-

ing.“Uncertainty points to the argument that we should wait for firmer evidence before

making any policy change,” he said.“In contrast to the experience of 2008, I do not have

any sense that either consumers or businesses are panic-struck and, as I observed, there

have been no material signs of financial panic.

Iforex Market Insight Report By Epic Research Singa-

www.epicresearch.sg


Epic research singapore daily iforex report of 19 july 2016

Iforex Market Insight

Date – 19– July

ECONOMIC CALENDAR

Time

Time

Cur.

Cur.

Event

Event

Forecast

Forecast

Previous

Previous

Tuesday, July 19, 2016

01:30

USD

TIC Net Long-Term Transactions (May)

31.6B

-67.4B

07:00

AUD

RBA Meeting Minutes

14:00

GBP

CPI (MoM) (Jun)

0.2%

0.2%

14:00

GBP

CPI (YoY) (Jun)

0.4%

0.3%

14:00

GBP

PPI Input (MoM) (Jun)

1.3%

2.6%

14:30

EUR

ZEW Economic Sentiment

12.3

20.2

18:00

USD

Building Permits (MoM) (Jun)

0.6%

0.7%

18:00

USD

Building Permits (Jun)

1.150M

1.136M

18:00

USD

Housing Starts (MoM) (Jun)

0.5%

-0.3%

18:00

USD

Housing Starts (Jun)

1.170M

1.164M

19:35

GBP

BoE MPC Member Broadbent Speaks

Tentative

NZD

GlobalDairyTrade Price Index

-0.4%

Iforex Market Insight Report By Epic Research Singapore

www.epicresearch.sg


Epic research singapore daily iforex report of 19 july 2016

Iforex Market Insight

Date – 19– July

GBP/USD HOURLY CHART

BUY GBPUSD ABOVE 1.3342 TGT 1.3362 1.3392 SL 1.3312

SELL GBPUSD BELOW 1.3108 TGT 1.3088 1.3058 SL 1.3138

EUR/USD HOURLY CHART

BUY EURUSD ABOVE 1.1073 TGT 1.1093 1.1123 SL 1.1043

SELL EURUSD BELOW 1.1036 TGT 1.1.1016 1.0986 SL 1.1066

Iforex Market Insight Report By Epic Research Singa-

www.epicresearch.sg


Epic research singapore daily iforex report of 19 july 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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