Iforex Market Insight

INTERNATIONAL CURRENCY

BUZZ

ECONOMIC CALENDAR

GBP/USD HOURLY CHART

EUR/USD HOURLY CHART

EPIC RESEARCH SINGAPORE

www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-

Iforex Market Insight

Date– 07–OCT

INTERNATIONAL CURRENCY BUZZ

JPY/USD

EUR/USD

The EUR/USD pair trades 0.21% higher at 1.1211, with the 50-DMA located at 1.1227 in sight. The

shared currency clings to gains above 1.12 barrier this session, as the greenback remains pressured

on the back of falling US treasury yields after the recent weak US macro data pushes Fed rate hike

expectations to early 2016. The benchmark 10-year treasury yields drop -0.68% to 2.042%. While

the 2-year yields on the US notes drop -1.94% to 0.597%. The EUR/USD pair trades 0.21% higher at

1.1211, with the 50-DMA located at 1.1227 in sight. The shared currency clings to gains above 1.12

barrier this session, as the greenback remains pressured on the back of falling US treasury yields af-

ter the recent weak US macro data pushes Fed rate hike expectations to early 2016. The benchmark

10-year treasury yields drop -0.68% to 2.042%. While the 2-year yields on the US notes drop -1.94%

to 0.597%.

FOREX -NZD/USD edges up near 5-week highs despite N.Z data FOREX - AUD/USD rises to 2-week highs as RBA holds

FOREX -Aussie gains after RBA holds rates steady

The dollar dipped against the yen on Tuesday, easing back from one-week highs but the yen re-

mained on the defensive amid speculation that the Bank of Japan could soon ease monetary pol-

icy, while the euro inched higher.USD/JPY eased 0.19% to 120.23, off overnight highs of

120.57.The yen was lower in early trade as Asian stocks rose to two-week highs as a rebound in oil

prices and fading expectations for a rate hike by the Federal Reserve this year boosted risk appe-

tite.In the euro zone, data on Tuesday showed that German factory orders fell unexpectedly in Au-

gust, adding to concerns that slowing global growth is starting to affect the euro area’s largest

economy.Industrial orders fell 1.8% from a month earlier, compared to expectations for a 0.5% in-

crease.The euro was flat against the yen, with EUR/JPY at 134.78.

Iforex Market Insight

Date– 07–OCT

www.epicresearch.sg Iforex Market Insight Report By Epic Research Singapore

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Wednesday, October 7, 2015

02:05 USD API Weekly Crude Oil Stock 4.600M

03:00 USD FOMC Member Williams Speaks

05:30 AUD HIA New Home Sales (MoM) (Aug) -0.4%

12:35 AUD RBA Assist Gov Debelle Speaks

14:00 GBP Industrial Production (MoM) (Aug) 0.3% -0.4%

14:00 GBP Manufacturing Production (MoM) (Aug) 0.3% -0.8%

20:00 USD Crude Oil Inventories 1.750M 3.955M

Iforex Market Insight

Date– 07–OCT

www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5200 TARGET 1.5220 1.5250 SL 1.5170

SELL GBP/USD BELOW 1.5150 TARGET 1.5130 15100 SL 1.5180

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.1220 TARGET 1.1240 1.1270 SL 1.1190

SELL EUR/USD BELOW 1.1180 TARGET 1.1160 1.1130 SL 1.1210

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