Epic Research Singapore : - Daily IForex Report of 27 November 2015
Epic Research Singapore : - Daily IForex Report of 17 December 2015
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Transcript of Epic Research Singapore : - Daily IForex Report of 17 December 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– 17–DEC
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD The pound fell to one-week lows against the dollar on Wednesday after the latest U.K.
employment report showed a sharp slowdown in wage growth, while investors looked
ahead to the outcome of a critical Federal Reserve meeting later in the day.GBP/USD hit
lows of 1.4992 down from around 1.5002 ahead of the data.The Office for National Statis-
tics said average earnings, excluding bonuses, rose just 2.0% in the three months to Octo-
ber, slowing sharply from growth of 2.4% in the previous month. Economists had forecast
growth of 2.3%.Meanwhile, the U.S. dollar index, which measures the greenback’s
strength against a trade-weighted basket of six major currencies, was at 98.31, holding
just below Tuesday’s one-week high of 98.35.
The dollar edged higher against the eur on Wednesday, as markets awaited the Federal Reserve's
highly anticipated policy decision due later in the day. EUR/USD eased 0.10% to 1.0921. Most in-
vestors expect the U.S. central bank to raise interest rates for the first time since June 2006 at the
conclusion of its meeting on Wednesday.Higher interest rates would make the U.S. dollar more
attractive to yield-seeking investors in the long run, but a rate hike could also trigger dollar selling
in the immediate aftermath.With a rate hike priced in investors are now focusing on how quickly
the Fed will tighten monetary policy in 2016. The Fed has indicated that the pace of rate hikes
will be gradual.The U.S. dollar index, which measures the greenback’s strength against a trade-
weighted basket of six major currencies, was up 0.12% at 98.33.
Forex -AUD/USD edges higher but gains capped ahead of Fed
Forex -Dollar steady as markets count down to Fed decision
Forex -NZD/USD slips lower, all eyes on Fed decision
Iforex Market Insight
Date– 17–DEC
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Thursday, December 17, 2015
00:30 USD FOMC Economic Projections - -
00:30 USD FOMC Statement - -
00:30 USD Fed Interest Rate Decision 0.50% 0.25%
01:00 USD Fed Chair Yellen Speaks - -
03:15 NZD GDP (QoQ) (Q3) 0.8% 0.4%
05:20 JPY Adjusted Trade Balance -0.21T -0.20T
05:20 JPY Exports (YoY) (Nov) -1.5% -2.1%
05:20 JPY Trade Balance (Nov) -446B 112B
14:30 EUR ECB Economic Bulletin - -
15:00 GBP Core Retail Sales (YoY) (Nov) 2.3% 3.0%
15:00 GBP Core Retail Sales (MoM) (Nov) 0.6% -0.9%
15:00 GBP Retail Sales (YoY) (Nov) 3.0% 3.8%
15:00 GBP Retail Sales (MoM) (Nov) 0.5% -0.6%
15:30 EUR Wages in euro zone (YoY) (Q3) - 1.90%
16:30 GBP CBI Industrial Trends Orders (Dec) -10 -11
19:00 USD Current Account (Q3) -118.0B -109.7B
19:00 USD Initial Jobless Claims 275K 282K
19:00 USD Philadelphia Fed Manufacturing Index (Dec) 1.5 1.9
19:00 USD Philly Fed Employment (Dec) - 2.6
Iforex Market Insight
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBP/USD ABOVE 1.5020 TARGET 1.5000 1.4970 SL 1.5050
SELL GBP/USD BELOW 1.4970 TARGET 1.4950 1.4920 SL 1.5000
GBP/USD HOURLY CHART
BUY EUR/USD ABOVE 1.0940 TARGET 1.0960 1.0990 SL 1.0910
SELL EUR/USD BELOW 1.0900 TARGET 1.0880 1.00850 SL 1.0930
Date– 17–DEC
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