Download
slide1 n.
Skip this Video
Loading SlideShow in 5 Seconds..
Epic Research Singapore : - Daily IForex Report of 18 January 2016 PowerPoint Presentation
Download Presentation
Epic Research Singapore : - Daily IForex Report of 18 January 2016

Epic Research Singapore : - Daily IForex Report of 18 January 2016

107 Views Download Presentation
Download Presentation

Epic Research Singapore : - Daily IForex Report of 18 January 2016

- - - - - - - - - - - - - - - - - - - - - - - - - - - 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– 18– JAN INTERNATIONAL CURRENCY BUZZ Forex -Aussie, kiwi, Canadian dollars dive 1 percent or more on oil price tumble Forex -Dollar remains broadly lower on U.S. economic reports Forex -USD/CAD hovers near 13-year highs on oil rout EUR/USD EUR/USD surged to near one-month highs, as a wave of soft U.S. economic data potentially increased the probability that the Federal Reserve could delay its next interest rate hike beyond the first quarter of 2016.The currency pair traded in a broad range between 1.0855 and 1.0984 before settling at 1.0916, up 0.0051 or 0.47% on the session. The euro ended the week virtually flat against the dollar, down 0.15%. After tumbling approximately 10% against the dollar in 2015, the euro is up approximately 0.5% against its American counterpart over the first two weeks of the new year. The euro last eclipsed 1.10 versus the dollar on December 16.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1352, the high from Oct. 22.The U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, lost more than 0.40% to an intraday low of 98.42, before closing at 98.99. The index remains near 12-month highs from December, when it eclipsed 100.00. GBP/USD The pound dropped to fresh five-and-a-half year lows against the U.S. dollar on Friday, as sentiment re- mained under pressure amid an ongoing oil rout and as investors awaited the release of U.S. economic reports later in the day.GBP/USD hit 1.4339 during European morning trade, the pair’s lowest since May 2010; the pair subsequently consolidated at 1,4357, sliding 0.39%.Cable was likely to find support at 1.4229 and resistance at 1.4445, Thursday’s high.Investors remained cautious after Brent crude, the global benchmark, fell below the $30 per barrel threshold on Friday to $29.93, the lowest level since 2004, pressured lower by a global supply glut and fears of a slowdown in China.Meanwhile, the dollar remained supported after the U.S. Department of Labor said on Thursday that the number of individu- als filing for initial jobless benefits in the week ending January 8 increased by 7,000 to 284,000 from the previous week’s total of 277,000. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 18– JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, January 18, 2016 All Day Holiday United States - Martin Luther King, Jr. Day 04:00 AUD New Motor Vehicle Sales (MoM) (Dec) - 1.0% 06:00 SGD Non-Oil Exports (MoM) (Dec) - -3.80% 06:00 SGD Non-Oil Exports (YoY) (Dec) -5.10% -3.30% 07:30 NZD RBNZ Offshore Holdings (Dec) - 64.10% 10:00 JPY Capacity Utilization (MoM) (Nov) - 1.3% 10:00 JPY Industrial Production (MoM) (Nov) - -1.0% Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 18– JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4270 TARGET 1.4290 1.4330 SL 1.4230 SELL GBP/USD BELOW 1.4200 TARGET 1.4180 1.4140 SL 1.4240 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0920 TARGET 1.0940 1.0980 SL 1.0880 SELL EUR/USD BELOW 1.0860 TARGET 1.0840 10800 SL 1.0900 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  5. EPIC RESEARCH SINGAPORE 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.