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– 27–NOV

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The GBP/USD pair trades -0.24% lower at 1.5091, having posted fresh session lows at 1.5087 last

minutes. The US dollar regained lost momentum and resumed its ongoing bullish run against its ma-

jor competitors, sending GBP/USD further below 1.51 handle. The pound turned back in the red af-

ter the UK’s Autumn forecasts-led robust recovery, as the recent dovish comments from BOE offi-

cials continue to haunt investors’ minds while the Fed is moving towards the first rate hike in al-

most a decade next month. In the day ahead, GBP/USD is likely to trade lack-lustre both UK and

European markets aren’t expected to provide much in terms of fundamental drivers, while the US

starts the Thanksgiving holiday. While attention now turns to the UK GDP figures due tomorrow.

The pair has an immediate resistance at 1.5123 (5-DMA), above which 1.5174 (10-DMA) would be

tested. On the flip side, support is seen at 1.5051 (Nov 24 Low) below which it could extend losses

to 1.5038 (Nov 9 Low).

FOREX -NZD/USD edges higher but gains limited FOREX -Dollar back on bullish footing on upbeat data, shaky euro

FOREX -AUD/USD drops after downbeat Australian data

.The euro slid against the dollar on Thursday, re-approaching seven-month lows amid heightened

expectations that the European Central Bank will announce further monetary stimulus measures at

its upcoming meeting next week.EUR/USD eased 0.13% to 1.0610, nearing Wednesday’s lows of

1.0565, the weakest level since April 14.The euro remained under pressure amid heightened expec-

tations that the ECB will implement fresh measures to combat slowing growth and inflation in the

euro area.Late last week ECB head Mario Draghi gave the clearest signal yet that the bank will

unleash new easing measures, saying the back is ready to act quickly to boost inflation in the re-

gion.The euro fell to seven month lows against the yen overnight, with EUR/JPY hitting 129.89, be-

fore edging back up to 130.14.The U.S. dollar index, which measures the greenback’s strength

against a trade-weighted basket of six major currencies, was at 99.9, not far from Wednesday’s

peaks of 100.21.

Iforex Market Insight

Date– 27–NOV

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Friday, November 27, 2015

Holiday United States - Day following Thanksgiving - Early close at 13:30

05:00 JPY Household Spending (YoY) (Oct) 0.1% -0.4%

05:00 JPY Household Spending (MoM) (Oct) 1.1% -1.3%

05:00 JPY Jobs/applications ratio (Oct) 1.24 1.24

05:00 JPY National Core CPI (YoY) (Oct) -0.1% -0.1%

05:00 JPY Tokyo Core CPI (YoY) (Nov) -0.1% -0.2%

12:30 GBP Nationwide HPI (MoM) (Nov) 0.5% 0.6%

12:30 GBP Nationwide HPI (YoY) (Nov) 4.2% 3.9%

15:00 GBP Business Investment (QoQ) (Q3) 1.5% 1.6%

15:00 GBP GDP (QoQ) (Q3) 0.5% 0.5%

15:00 GBP GDP (YoY) (Q3) 2.3% 2.3%

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5090 TARGET 1.5110 1.5140 SL 1.5060

SELL GBP/USD BELOW 1.5050 TARGET 1.5020 1.4990 SL 1.5080

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.0630 TARGET 1.0650 1.0680 SL 1.0600

SELL EUR/USD BELOW 1.0600 TARGET 1.0580 1.0550 SL 1.0630

Date– 27–NOV

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