1 / 5

Epic Research Singapore : - Daily IForex Report of 16 May 2016

Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.

epicresearchsg
Download Presentation

Epic Research Singapore : - Daily IForex Report of 16 May 2016

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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 – 16– May INTERNATIONAL CURRENCY BUZZ Forex-Dollar edges higher ahead of U.S. economic reports Forex -Dollar slips against yen, edges higher vs. euro Forex-Yen gains further in Asia as Kuroda defends negative rates EUR/USD EUR/USD fell sharply on Friday, as the dollar continued its rally from 9-month lows amid an unexpected surge in U.S. consumer sentiment.The currency pair traded in a broad range between 1.1283 and 1.1379, before settling at 1.1313, down 0.0061 or 0.56% on the ses- sion. At session-lows, the euro fell below 1.13 against the dollar for the first time in the month of May. The euro has now closed lower versus the dollar in eight of the last nine sessions. Despite the recent downturn, the euro is still up against American counterpart by more than 4% since the start of the year.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15. GBP/USD GBP/USD is currently trading with a slight bullish bias. Yesterday, the pair broke above the channel but ended up within the same channel. As long as the pair trades within this channel, expect a rally to the lower side, a clear breakout above 1.4480 will lead to an ac- celeration to the upper side but should not go above 1.46637. During this intraday, key levels to look for include 1.4106, 1.4178, 1.4304, 1.44061, 1.4480, and 1.4663. This pair should be traded alongside AUD/USD, GBP/CHF, NZD/USD, and GBP/CHF. These pairs have a strong positive correlation of up to +0.92 and will likely have a similar price action during this intraday. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date - 16– May ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, May 16, 2016 All Day Holiday Switzerland - Whit Monday 05:20 JPY CGPI (MoM) (Apr) -0.1% 05:20 JPY CGPI (YoY) (Apr) -3.8% 12:00 INR WPI Food (YoY) (Apr) 3.73% 12:00 INR WPI Fuel (YoY) (Apr) -8.30% 12:00 INR WPI Inflation (YoY) (Apr) -0.20% -0.85% 12:00 INR WPI Manufacturing Inflation (YoY) (Apr) -0.13% 18:00 USD NY Empire State Manufacturing Index (May) 7.00 9.56 19:30 USD NAHB Housing Market Index (May) 59 58 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date - 16– May GBP/USD HOURLY CHART BUY GBPUSD ABOVE 1.4440 TARGET 1.4460 1.4490 SL 1.4410 SELL GBPUSD AROUND 1.4445-1.442 TARGET 1.4422 1.4392 SL 1.4475 EUR/USD HOURLY CHART BUY EURUSD AROUND 1.1315-1.1317 TARGET 1.1335 1.1390 SL 1.1285 SELL EURUSD BELOW 1.1280 TARGET 1.1260 1.1230 SL 1.1310 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  5. EPIC RESEARCH SINGAPORE EPIC RESEARCH SINGAPORE HNI & NRI SALES CONTACT 1,Raffles Place # 44-02 Singapore(048616) 2117 Arbor Vista DR. Charlotte (NC) www.epicresearch.sg Cell:+1 704 249 2315 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors inde- pendently evaluate particular investments and strategies, and encourages investors to seek the advice of a fi- nancial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations . The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommen- dation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.

More Related