Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD HOURLY CHART EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
Iforex Market Insight Date– 11– JAN INTERNATIONAL CURRENCY BUZZ Forex -USD/CAD slips lower but remains near 12-1/2 year peak Forex -Dollar regains strength as China volatility eases Forex -Dollar regains ground vs. yen, euro on PBOC move EUR/USD The euro trimmed losses against the U.S. dollar on Friday, but remained under pres- sure as upbeat U.S. jobs data lent support to the greenback and as Chinese markets stabilized.EUR/USD eased off 1.0803, the session low, to hit 1.0872 during U.S. morning trade, still down 0.55%.The pair was likely to find support at 1.0769, Thurs- day’s low and resistance at 1.0992, the high of December 29.The dollar strengthened broadly after the U.S. Labor Department said the economy added 292.000 jobs in December, beating expectations for a rise of 200.000. The U.S. economy added 252.000 jobs in November, whose figure was revised from a previously estimated 211.000 gain. GBP/USD The pound was almost unchanged against the U.S. dollar on Friday, hovering close to a five-year low after the release of downbeat U.K. trade balance data.GBP/USD hit 1.4533 during European morning trade, the session low; the pair subsequently con- solidated at 1.4621.Cable was likely to find support at 1.4529, Thursday’s low and a five-year low and resistance at 1.4725, the high of January 5.The U.K. Office for Na- tional Statistics said the trade deficit narrowed to £10.64 billion in November from £11.20 billion in October, whose figure was revised from a previously estimated defi- cit of £11.83 billion. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
Iforex Market Insight Date– 11– JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, January 11, 2016 3:15am NZD Building Consents m/m - 5.1% All Day JPY Bank Holiday - - 6:00am AUD ANZ Job Advertisements m/m - 1.3% 11th-18th CNY M2 Money Supply y/y - 13.7% 11th-18th CNY New Loans - 709B 1:45pm CHF Retail Sales y/y - -0.8% 3:00pm EUR Sentix Investor Confidence - 15.7 6:45pm CAD Housing Starts - 212K 8:30pm USD Labor Market Conditions Index m/m - 0.5 9:00pm CAD BOC Business Outlook Survey - - Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg
Iforex Market Insight Date– 11– JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4550 TARGET 1.4570 1.4600 SL 1.4520 SELL GBP/USD BELOW 1.4480 TARGET 1.4460 1.4430 SL 1.4520 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0930 TARGET 1.0950 1.0980 SL 1.0890 SELL EUR/USD BELOW 1.0850 TARGET 1.0830 1.0800 SL 1.0890 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
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