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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