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– 14–DEC

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD

The pound held steady against the U.S. dollar on Friday, as the Bank of England's mone-

tary policy decision on Thursday continued to weigh mildly on sterling, while investors re-

mained cautious with the greenback ahead of a string of U.S. data due later in the

day.GBP/USD hit 1.5132 during European morning trade, the session low; the pair subse-

quently consolidated at 1.5153.Cable was likely to find support at 1.5075, the low of De-

cember 4 and resistance at 1.5240, the high of November 17.Sterling weakened after dov-

ish Bank of England meeting minutes on Thursday indicated that interest rates are likely to

remain on hold at record lows for longer.The Monetary Policy Committee voted eight-to-

one to keep rates on hold at 0.5%. Ian McCafferty, one of four external members on the

nine-person MPC, voted to increase rates to 0.75%.the economy.

EUR/USD posted modest gains on Friday erasing some of its losses from the previous ses-

sion, as currency traders continued to await a likely interest rate hike by the Federal Re-

serve at its two-day meeting next week.The currency pair traded between 1.0927 and

1.1031 before settling at 1.0994, up 0.0053 or 0.49% on the session. After surging by more

than 3% in last Thursday's session, EUR/USD has been relatively flat in the six subsequent

trading days, moving only percentage points higher. Earlier this week, the euro jumped to

one-month highs against the dollar as the aftershocks of a surprising move by the European

Central Bank continued to be felt. EUR/USD likely gained support at 1.0549, the low from

Dec. 2 and was met with resistance at 1.1041, the high from Dec. 9.

Forex -Dollar steady after euro jump loses steam, Aussie trims gains Forex -Onshore yuan rates hit 4-yr low, dollar and euro steadier Forex -Dollar little changed vs. rivals, U.S. data on tap

Iforex Market Insight

Date– 14–DEC

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Monday, December 14, 2015

05:20 JPY Tankan All Big Industry CAPEX (Q4) 10.2% 10.9%

05:20 JPY Tankan Big Manufacturing Outlook Index

(Q4) 11 10

05:20 JPY Tankan Large Manufacturers Index (Q4) 11 12

05:20 JPY Tankan Large Non-Manufacturers Index

(Q4) 23 25

10:00 JPY Industrial Production (MoM) (Oct) - 1.4%

15:30 EUR Industrial Production (MoM) (Oct) 0.1% -0.3%

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5230 TARGET 1.5250 1.5270 SL 1.5200

SELL GBP/USD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.1000 TARGET 1.1020 1.1050 SL 1.0970

SELL EUR/USD BELOW 1.0970 TARGET 1.0950 1.0920 SL 1.1000

Date– 14–DEC

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