Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD HOURLY CHART EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
Iforex Market Insight Date– 16–DEC INTERNATIONAL CURRENCY BUZZ Forex -NZD/USD climbs to 1-1/2 month highs ahead of Fed Forex -AUD/USD edges higher after RBA minutes Forex -Dollar moves lower as Fed meeting looms EUR/USD .The dollar moved lower against the on Tuesday amid growing expectations that the greenback could weaken in the wake of the Federal Reserve’s policy meeting later this week.EUR/USD hit highs of 1.1060, the most since October 30 and was last at 1.1049, up 0.52%.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 97.32, off 0.44% for the day.Most investors expect the U.S. central bank to raise interest rates for the first time since June 2006 at its upcoming meeting on Wednesday.Higher interest rates would make the dollar more attractive to yield-seeking investors in the long run, but a rate hike could also trigger dollar selling in the immediate aftermath.With a rate hike priced in inves- tors are now focusing on how quickly the Fed will tighten monetary policy in 2016. The Fed has indicated that the pace of rate hikes will be gradual. GBP/USD The GBP/USD pair trades slightly lower this Tuesday, hovering between gains and losses around 1.5150 ever since the day started. The release of UK inflation figures failed to support the Pound despite the figures resulted better-than-expected, with the CPI rising by 0.1% in the year to No- vember. Monthly basis, inflation remained flat, against expectations of a 0.1% decline. The pro- ducer price index, however, continued to fall yearly basis, down by 1.5%. The technical picture is neutral, as in the 4 hours chart, the indicators are horizontal around their mid-lines, while the price is being capped by the 20 SMA and the 200 EMA, both converging a few pips above the current level. The pair will likely maintain the range during the upcoming hours, until the release of the US inflation data at the beginning of the American session, set to determinate market's tone for the rest of the day Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
Iforex Market Insight Date– 16–DEC ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, December 16, 2015 02:30 USD TIC Net Long-Term Transactions (Oct) - 33.6B 03:05 USD API Weekly Crude Oil Stock - -1.900M 03:15 NZD Current Account (QoQ) (Q3) -4.90B -1.22B 03:15 NZD Current Account (YoY) (Q3) -8.30B -8.30B 05:00 AUD RBA Assist Gov Debelle Speaks - - 13:30 EUR Manufacturing PMI (Dec) 52.8 52.8 13:30 EUR Markit Composite PMI (Dec) 54.2 54.2 13:30 EUR Services PMI (Dec) 54.1 54.2 15:00 GBP Average Earnings Index +Bonus (Oct) 2.5% 3.0% 15:00 GBP Claimant Count Change (Nov) 1.5K 3.3K 15:00 GBP Unemployment Rate (Oct) 5.3% 5.3% 15:30 EUR Core CPI (YoY) 0.9% 0.9% 15:30 EUR CPI (YoY) (Nov) 0.1% 0.1% 15:30 EUR CPI (MoM) (Nov) -0.2% 0.1% 15:30 EUR Trade Balance (Oct) 21.5B 20.5B 19:00 USD Building Permits (MoM) (Nov) -1.0% 4.1% 19:00 USD Building Permits (Nov) 1.150M 1.161M 19:00 USD Housing Starts (MoM) (Nov) 6.6% -11.0% 19:00 USD Housing Starts (Nov) 1.135M 1.060M 19:45 USD Industrial Production (MoM) (Nov) -0.1% -0.2% 20:15 USD Manufacturing PMI (Dec) 52.6 52.8 21:00 USD Crude Oil Inventories -2.000M -3.568M Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg
Iforex Market Insight Date– 16–DEC GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5220 SL 1.5140 SELL GBP/USD BELOW 1.5140 TARGET 1.5120 1.5090 SL 1.517 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.1050 TARGET 1.1070 1.110 SL 1.020 SELL EUR/USD BELOW 1.1020 TARGET 1.1000 1.0970 SL 1.1050 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
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