Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD HOURLY CHART EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
Iforex Market Insight Date– 21– JAN INTERNATIONAL CURRENCY BUZZ approaches 6- -year lows after Australian data year lows after Australian data Forex Forex -AUD/USD re AUD/USD re- -approaches 6 Forex Forex - - NZD/USD falls to 4 NZD/USD falls to 4- -month lows in cautious trade month lows in cautious trade Forex Forex - -Dollar hits 1 Dollar hits 1- -year lows vs. yen as risk aversion mounts year lows vs. yen as risk aversion mounts EUR/USD The EUR/USD dipped 26 points to trade at 1.0867 after Chinese data sparked a bit of a run to safety but avoided the pound ahead of the ECB meeting on Thursday. There was a steady flow of data in the Eurozone today including inflation, PPI, German ZEW data. Overall data met ex- pectations but forecasts had been downgraded and traders were hoping to see a bit better than expected inflation data to help the ECB get away with no additional stimulusMeanwhile, EUR/USD rose 0.23% to trade at 1.0933.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.16% at 99.00.Germany's consumer price inflation reached its lowest level since 2009, data from Destatis revealed Tuesday. Inflation eased to 0.3 percent in 2015 from 0.9 percent in 2014. The year-on-year rate of price increase has been declining since 2011, Destatis said. GBP/USD The pound touched a fresh seven-year low against the dollar on Wednesday after data show- ing that the U.K. unemployment rate fell unexpectedly in November but pay growth slowed, indicating that interest rates are likely to remain on hold for now.GBP/USD hit lows of 1.4126, the weakest since March 2009 before recovering slightly to trade at 1.4164, little changed for the day.The Office for National Statistics said the unemployment rate in the U.K. fell to 5.1% in the three months to November, its lowest since the three months to January 2006.Analysts had expected the jobless rate to hold steady at 5.2%.The number of people employed rose by 267,000, the third biggest increase on record.But data on pay growth was weaker the report showed, indicating that the BoE will wait for longer before hiking interest rates. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
Iforex Market Insight Date– 21– JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg
Iforex Market Insight Date– 21– JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4180 TARGET 1.4200 1.4230 SL 1.4150 SELL GBP/USD BELOW 1.4160 TARGET 1.4140 1.4110 SL 1.4190 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0950 TARGET 1.0970 1.1000 SL 1.0920 SELL EUR/USD BELOW 1.0900 TARGET 1.0880 1.0850 SL 1.0930 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
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