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Epic Research Singapore : - Daily IForex Report of 22 January 2016 PowerPoint Presentation
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Epic Research Singapore : - Daily IForex Report of 22 January 2016

Epic Research Singapore : - Daily IForex Report of 22 January 2016

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Epic Research Singapore : - Daily IForex Report of 22 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– 22– JAN INTERNATIONAL CURRENCY BUZZ NZD/USD holds steady amid oil rout concerns Forex Forex - -Dollar steady against yen, euro looking to ECB Dollar steady against yen, euro looking to ECB Forex Forex - -AUD/USD slips lower as Australia data, oil rout weigh AUD/USD slips lower as Australia data, oil rout weigh Forex Forex -NZD/USD holds steady amid oil rout concerns EUR/USD The EUR/USD is almost unchanged on Thursday, with EUR/USD wobbling around the 1.0900 figure so far.The pair is now looking to consolidate the breakout of the 1.0900 handle ahead of the opening bell in London, bolstered by some risk-off trade coming back to the markets.In the meantime, spot navigates unaltered the 1.07-1.10 range waiting for today’s ECB meeting. Market expectations of any change of the monetary policy remain close to zero, although Draghi’s press conference could bring in some volatility, especially amidst the collapse of crude oil prices and the stagnant inflation figures in the euro region.“The recent build-up in the short-term upward momentum fizzled out with the rapid drop from the high of 1.0975 yesterday”.“It appears that EUR is still trapped within a 1.0800/1.0990 range for now”. 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.Average weekly earnings excluding bonuses, wages rose by 1.9%, compared to expectations of a 1.8% rise. This was the weakest growth since February last year. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 22– JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Friday, January 22, 2016 14:30 EUR ECB's Nowotny Speaks - - 14:30 EUR Manufacturing PMI (Jan) 53.0 53.2 14:30 EUR Markit Composite PMI (Jan) 54.2 54.3 14:30 EUR Services PMI (Jan) 54.2 54.2 15:00 GBP Core Retail Sales (MoM) (Dec) -0.3% 1.7% 15:00 GBP Core Retail Sales (YoY) (Dec) 3.5% 3.9% 15:00 GBP Retail Sales (MoM) (Dec) -0.3% 1.7% 15:00 GBP Retail Sales (YoY) (Dec) 4.3% 5.0% 17:30 GBP BoE MPC Member Cunliffe Speaks - - 20:15 USD Manufacturing PMI (Jan) 51.1 51.2 20:30 USD Existing Home Sales (Dec) 5.20M 4.76M 20:30 USD Existing Home Sales (MoM) (Dec) 8.9% -10.5% 23:30 USD Baker Hughes U.S. Rig Count - 515 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 22– JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4200 TARGET 1.4220 1.4250 SL 1.4170 SELL GBP/USD BELOW 1.4150 TARGET 1.4130 1.4100 SL 1.4180 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0930 TARGET 1.0950 1.0980 SL 1.0900 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

  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.