Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD HOURLY CHART EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
Iforex Market Insight Date– 06–JAN INTERNATIONAL CURRENCY BUZZ Forex Forex -NZD/USD slips lower as China concerns still weigh NZD/USD slips lower as China concerns still weigh Forex Forex - -AUD/USD moves higher, recovers from Chinese data AUD/USD moves higher, recovers from Chinese data Forex Forex - -Yen remains stronger against dollar, euro Yen remains stronger against dollar, euro EUR/USD The euro extended early losses against the dollar on Tuesday, falling to the day’s lows after data showing that the annual rate of inflation in the euro zone rose less than expected last month.EUR/USD hit lows of 1.0771, the weakest since December 3, down from around 1.0775 ahead of the data.The single currency fell to fresh eight-month lows against the yen, with EUR/JPY falling 1.02% to 128.08.The euro zone’s statistical bureau Eurostat re- ported that the annual rate of inflation in the region rose just 0.2% in December, matching November’s reading and falling short of forecasts for an increase of 0.3%.The U.S. dollar in- dex, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.33% to 99.27, boosted by the weaker euro. GBP/USD The pound was trading close to eight month lows against the stronger dollar on Tuesday, shrugging off data showing that activity in the U.K. construction sector rebounded in De- cember.GBP/USD was last at 1.4687, off 0.19% for the day and not far from the eight- month low of 1.4662 set on Monday.Sterling remained weaker despite data showing that construction sector activity in the U.K. rebounded last month after slumping to a seven month low in November.The Markit construction purchasing managers' index rose to 57.8 from November’s 55.3 and ahead of forecasts for a reading of 56.0.“The latest survey indi- cated a strong degree of optimism about the outlook for 2016, with firms mainly citing a strong pipeline of commercial development projects and new housing starts," Tim Moore, senior economist at Markit said. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
Iforex Market Insight Date– 06–JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, January 6, 2016 All Day Holiday Austria - Epiphany Day 03:05 USD API Weekly Crude Oil Stock - 2.900M 14:30 EUR Markit Composite PMI (Dec) 54.0 54.0 14:30 EUR Services PMI (Dec) 53.9 53.9 15:00 GBP Services PMI (Dec) 55.6 55.9 18:45 USD ADP Nonfarm Employment Change (Dec) 192K 217K 19:00 USD Trade Balance (Nov) -44.00B -43.90B 20:15 USD Markit Composite PMI (Dec) - 53.5 20:15 USD Services PMI (Dec) 55.1 53.7 20:30 USD Factory Orders (MoM) (Nov) -0.2% 1.5% 20:30 USD ISM Non-Manufacturing Employment (Dec) - 55.0 20:30 USD ISM Non-Manufacturing PMI (Dec) 56.0 55.9 21:00 USD Crude Oil Inventories -0.500M 2.629M Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg
Iforex Market Insight Date– 06–JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4700 TARGET 1.4720 1.4750 SL 1.4670 SELL GBP/USD BELOW 1.4670 TARGET 1.4650 1.4620 SL 1.4700 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0800 TARGET 1.0780 1.10750 SL 1.0770 SELL EUR/USD BELOW 1.0760 TARGET 1.0740 1.0710 SL 1.0790 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
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