EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 30 March 2015
Epic Research Singapore : - Daily IForex Report of 15 October 2015
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Transcript of Epic Research Singapore : - Daily IForex Report of 15 October 2015
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– 15–OCT
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The pound extended gains against the dollar on Wednesday after data showing that the U.K. unemploy-
ment rate fell to a new seven-year low and wage growth continued to outpace inflation.GBP/USD was
up 0.75% to 1.5361 from around 1.5301 ahead of the jobs report.The Office for National Statistics said
the jobless rate ticked down to 5.4% in the three months to August from 5.5% in the preceding three-
month period.It was the lowest unemployment rate since the second quarter of 2008.The Bank of Eng-
land has said it is closely watching wage growth as it considers when to start raising interest
rates.Sterling was also higher against the euro, with EUR/GBP down 0.49% at 0.7425.In the euro zone,
data on Thursday showed that industrial production fell 0.5% in August after an upwardly revised 0.8%
increase in July.The U.S. dollar index, which measures the greenback’s strength against a trade-
weighted basket of six major currencies, was down 0.27% to three-and-a-half week lows of 94.55.
FOREX -Dollar near 3 1/2-week low, Aussie dogged by China woes FOREX -NZD/USD rises, recovers from RBNZ comments
FOREX -AUD/USD slides lower despite positive Australian data
The EUR/USD continued to gain moving to 1.1372 with no help from today’s eurozone inflation which
remained at 0%. The dollar halted its decline leaving the euro overvalued. The dollar was languishing at
three-and-a-half week lows against the other major currencies on Wednesday as weak Chinese inflation
data fueled expectations that the Federal Reserve will delay hiking rates for longer.EUR/USD was up
0.36% to 1.1420, the most since September 18.The euro eased back from three-week highs against the
dollar on Tuesday after data showing that German economic sentiment deteriorated to the lowest level
in a year this month.EUR/USD was last at 1.1372, down from highs of 1.1410 ahead of the re-
port.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of
six major currencies, was down 0.29% to three-and-a-half week lows of 94.52.
Iforex Market Insight
Date– 15–OCT
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Thursday, October 15, 2015
02:00 USD API Weekly Crude Oil Stock - -1.200M
03:00 NZD Business NZ PMI (Sep) - 55.0
06:00 AUD Employment Change (Sep) 5.0K 17.4K
06:00 AUD Full Employment Change (Sep) - 11.5K
06:00 AUD Unemployment Rate (Sep) 6.3% 6.2%
10:00 JPY Industrial Production (MoM) (Aug) -0.5% -0.5%
10:00 JPY Tertiary Industry Activity Index (MoM) 0.0% 0.2%
18:00 USD Core CPI (YoY) (Sep) 1.8% 1.8%
18:00 USD Core CPI (MoM) (Sep) 0.1% 0.1%
18:00 USD CPI (MoM) (Sep) -0.2% -0.1%
18:00 USD Initial Jobless Claims 270K 263K
18:00 USD NY Empire State Manufacturing Index (Oct) -8.00 -14.67
19:30 USD Philadelphia Fed Manufacturing Index (Oct) -1.0 -6.0
19:30 USD Philly Fed Employment (Oct) - 10.2
20:00 USD FOMC Member Bullard Speaks - -
20:00 USD FOMC Member Dudley Speaks - -
20:30 USD Crude Oil Inventories 2.848M 3.073M
Iforex Market Insight
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBP/USD ABOVE 1.5350 TARGET 1.5370 1.5400 SL 1.5320
SELL GBP/USD BELOW 1.5300 TARGET 1.5280 1.5250 SL 1.5330
GBP/USD HOURLY CHART
BUY EUR/USD ABOVE 1.1420 TARGET 1.1440 1.1470 SL 1.1390
SELL EUR/USD BELOW 1.1370 TARGET 1.1350 1.1320 SL 1.1400
Date– 15–OCT
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