Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD HOURLY CHART EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
Iforex Market Insight Date– 04–JAN INTERNATIONAL CURRENCY BUZZ Forex -Dollar little changed vs. euro, yen ahead of U.S. data Forex -Dollar edges up in holiday-thinned trade Forex -Dollar gains over 9 pct against basket of major rivals in 2015 EUR/USD The euro fell to a one-week low against the U.S. dollar on Thursday, as investors awaited the release of U.S. data later in the day and as trading volumes became in- creasingly thin ahead of the New Year holiday on Friday.Heading into the final trading session of the year, volumes were expected to remain light as many traders already closed books, reducing liquidity in the market which could result in exaggerated moves.EUR/USD hit 1.0888 during European afternoon trade, the pair’s lowest since December 23; the pair subsequently consolidated at 1.0890, sliding 0.39%.The pair was likely to find support at 1.0845, the low from December 21 and resistance at 1.0991, the high of December 29. GBP/USD The pound held steady against the U.S. dollar on Thursday, hovering close to an eight-month trough as trading volumes became increasingly thin ahead of the New Year holiday.Heading into the final trading session of the year, volumes are expected to remain light as many traders already closed books, reducing liquidity in the mar- ket which could result in exaggerated moves.U.K. markets were set to close early at 12:30 PM London time for New Year’s Eve.GBP/USD hit 1.4845 during European morning trade, the session high; the pair subsequently consolidated at 1.4825.Cable was likely to find support at 1.4786, the low of December 29 and resistance at 1.4914, the high of December 29. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
Iforex Market Insight Date– 04–JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, January 4, 2016 All Day Holiday New Zealand - New Year (Observed) 04:00 AUD AIG Manufacturing Index (Dec) - 52.5 14:00 CHF SVME PMI (Dec) - 49.7 14:30 EUR Manufacturing PMI (Dec) 53.1 53.1 15:00 GBP Manufacturing PMI (Dec) 52.7 52.7 20:15 USD Manufacturing PMI (Dec) - 51.3 20:30 USD ISM Manufacturing Employment (Dec) 49.6 51.3 20:30 USD ISM Manufacturing PMI (Dec) 49.0 48.6 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg
Iforex Market Insight Date– 04–JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4750 TARGET 1.4790 1.4850 SL 1.4690 SELL GBP/USD BELOW 1.4660 TARGET 1.4620 1.4560 SL 1.4720 EUR/USD HOURLY CHART BUY GBP/USD ABOVE 1.4750 TARGET 1.4790 1.4850 SL 1.4690 SELL GBP/USD BELOW 1.4660 TARGET 1.4620 1.4560 SL 1.4720 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
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