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Epic Research Singapore : - Daily IForex Report of 19 January 2016 PowerPoint Presentation
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Epic Research Singapore : - Daily IForex Report of 19 January 2016

Epic Research Singapore : - Daily IForex Report of 19 January 2016

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Epic Research Singapore : - Daily IForex Report of 19 January 2016

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  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– 19– JAN INTERNATIONAL CURRENCY BUZZ NZD/USD holds steady in late trade Forex Forex - -AUD/USD climbs higher after China move AUD/USD climbs higher after China move Forex Forex - -Dollar rises against yen as yuan firms up Dollar rises against yen as yuan firms up Forex Forex -NZD/USD holds steady in late trade EUR/USD The EUR/USD pair trades around the daily lows as the European stock markets opened on a posi- tive note. The currency pair recovered slightly from the 5-DMA support located at 1.0875; how- ever, the recovery is being capped on account of a 0.7% gain in the Euro Stoxx 50 index. As of now, the European investors have turned a blind eye towards the sharp drop in oil prices. The positive action in equities is capping demand for safe haven and funding currencies. The shared currency remains at the mercy of the overall market sentiment amid an empty economic calen- dar in Europe and US. The volumes may drop later as the US markets are closed on account of Martin Luther King holiday. The pair currently trades at 1.0880. The immediate resistance is seen at 1.0890 (38.2% of 1.1495-1.0517), above which the spot could test 1.0943 (Thursday’s high). On the other hand, a break below 1.0875 (5-DMA) would expose 1.0813 GBP/USD It seems the sterling is recovering the smile today, lifting GBP/USD back above the 1.4300 handle to the 1.4315/20 band.The pair has managed to leave the area of multi-year lows seen last week around 1.4240, advancing at the beginning of the week to daily highs beyond the 1.4300 handle. The pair’s oversold condition following the recent sharp retracement might be acting as the main driver behind today’s correction, amidst a context favourable to the greenback and specu- lative positioning still net-short GBP.The pair is now up 0.37% at 1.4305 and a break above 1.4490 (downtrend from 1.5232) would open the door to 1.4626 (20-day sma) and finally 1.4947 (high Dec.24). On the flip side, the immediate support lines up at 1.4247 (low Jan.15) ahead of 1.4230 (monthly low Apr.2010) and then 1.4049 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 19– JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, January 19, 2016 02:30 NZD NZIER Business Confidence (Q4) - -14% 13:45 CHF PPI (MoM) (Dec) 0.2% 0.4% 15:00 GBP CPI (MoM) (Dec) 0.1% 0.0% 15:00 GBP CPI (YoY) 1.2% 1.2% 15:00 GBP CPI (YoY) (Dec) 0.2% 0.1% 15:00 GBP PPI Input (MoM) (Dec) -1.8% -1.6% 15:30 EUR Core CPI (YoY) (Dec) 0.9% 0.9% 15:30 EUR CPI (YoY) (Dec) 0.2% 0.2% 15:30 EUR CPI (MoM) (Dec) -0.1% -0.1% 15:30 EUR ZEW Economic Sentiment 27.9 33.9 17:30 GBP BoE Gov Carney Speaks - - Tentative NZD GlobalDairyTrade Price Index - -1.6% Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 19– JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4300 TARGET 1.4320 1.4350 SL 1.4270 SELL GBP/USD BELOW 1.4270 TARGET 1.4250 1.4220 SL 1.4300 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0900 TARGET 1.0920 1.0950 SL 1.0870 SELL EUR/USD BELOW 1.0870 TARGET 1.0850 1.0820 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.