Epic Research Singapore : - Daily IForex Report of 28 December 2015

1. Iforex Market Insight  INTERNATIONAL CURRENCY BUZZ  ECONOMIC CALENDAR  GBP/USD HOURLY CHART  EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE

2. Iforex Market Insight Date– 28–DEC INTERNATIONAL CURRENCY BUZZ Forex -Dollar edges down to fresh 2-month low vs yen Forex -Currencies subdued in Christmas holiday lull, dollar steady Forex -Dollar index trims losses on drop in U.S. jobless claims EUR/USD EUR/USD rose considerably during an abbreviated session, as currency traders looked to capital- ize on last-minute gains ahead of the Christmas holiday.The currency pair traded between 1.0904 and 1.0966 before settling near session-highs at 1.0963, up 0.0052 or 0.47% on the session. EUR/ USD has been relatively flat since last week's historic decision by the Federal Reserve to abandon a seven-year zero interest rate policy by approving its first rate hike in nearly a decade. he pair is also virtually unchanged since the European Central Bank rattled global foreign exchange mar- kets on December 3 with an unexpected decision to approve only limited easing measures with its comprehensive asset-purchasing program. EUR/USD has fallen sharply from its level of 1.2104 on New Year's Day, 2015, amid continuing signs of divergence between the Fed and the ECB. USD/JPY The dollar edged lower against the euro and yen in subdued trade on Thursday, with moves likely to remain limited ahead of the Christmas holiday.Trading volumes are expected to remain light, with much of the Western world already shuttered for the Christmas and year-end holi- days.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.27% at 98.12 during European morning hours. Against the yen, the greenback dipped 0.45% to 120.38 (USD/JPY).Trading volumes are expected to remain light as many traders already closed books before the end of the year, reducing liquid- ity in the market and increasing volatility. U.S. markets close early Thursday, Christmas Eve, and are shut Friday for Christmas Day With the first U.S. rate hike since 2006 out of the way, the fo- cus is now on the pace of future rate increases. The Fed, from its forecasts, is anticipating four rate hikes next year. However, the Fed funds futures currently suggests there will be just two rate increases, in June and December. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date– 28–DEC ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, December 28, 2015 All Day Holiday United Kingdom - Boxing Day All Day Holiday New Zealand - Boxing Day 05:20 JPY Industrial Production (MoM) (Nov) - 1.4% Industrial Production forecast 1m ahead (MoM) (Nov) 05:20 JPY - 0.2% Industrial Production forecast 2m ahead (MoM) (Nov) 05:20 JPY - -0.9% 05:20 JPY Retail Sales (YoY) (Nov) - 1.8% 07:00 JPY Overtime Pay (YoY) (Nov) - 1.20% 21:00 USD Dallas Fed Mfg Business Index (Dec) - -4.9 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date– 28–DEC USD/JPY HOURLY CHART BUY USD/JPY ABOVE 120.50 TARGET 120.70 121.00 SL 120.20 SELL USD/JPY BELOW 120.00 TARGET 119.80 118.60 SL 120.30 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0970 TARGET 1.0990 1.1020 SL 1.0940 SELL EUR/USD BELOW 1.0940 TARGET 1.0920 1.0890 SL 1.0970 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

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