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– 29–SEP

INTERNATIONAL CURRENCY BUZZ

GBP/USD

EUR/USD

The dollar gained ground against the euro on Monday and slipped moderately against the

yen, as amid growing expectations for the Federal Reserve to raise interest rates in the

coming months.EUR/USD edged down 0.17% to 1.1170.The dollar found support af-

ter Federal Reserve Chair Janet Yellen said last Thursday that the U.S. central bank re-

mains on track to raise interest rates this year.The comments reassured investors that

monetary policy has not altered significantly following the Fed’s decision to hold off hiking

rates earlier this month.The Commerce Department said gross domestic prod-

uct expanded at an annual rate of 3.9% in the second quarter, up from an initial estimate

of 3.7%. The U.S. dollar index, which measures the greenback’s strength against a trade-

weighted basket of six major currencies, was up 0.08% at 96.44.

FOREX-Yen firms as global stocks trade in the red, spur safety flows

FOREX-Expectations of 2015 Fed rate hike nudge dollar higher

FOREX-Dollar edges lower ahead of this week's payrolls, China survey

The pound rose against its U.S. counterpart on Monday, but gains were expected to re-

main limited as expectations for a U.S. rate hike in the coming months continued to lend

broad support to the greenback.GBP/USD hit 1.5232 during European morning trade, the

session high; the pair subsequently consolidated at 1.5214, adding 0.23%.Cable was likely

to find support at 1.5132, Friday's low and a four-month low and resistance at 1.5261,

Friday's high.The dollar found support after Federal Reserve Chair Janet Yellen said last

Thursday that the U.S. central bank remains on track to raise interest rates this year.The

pound remained supported after Bank of England official Jon Cunliffe said last week that

the U.K. economy was performing well compared to its international counterparts, fuel-

ling further expectations that the BoE its on its way to raise interest rates as well.

Iforex Market Insight

Date– 29–SEP

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Tuesday, September 29, 2015

02:30 USD FOMC Member Williams Speaks

14:00 GBP BoE Consumer Credit (Aug) 1.200B 1.173B

14:00 GBP M4 Money Supply (MoM) (Aug) 0.7% 1.0%

14:00 GBP Mortgage Approvals (Aug) 70.00K 68.76K

14:00 GBP Mortgage Lending (Aug) 2.80B 2.71B

14:00 GBP Net Lending to Individuals 4.1B 3.9B

15:30 GBP CBI Distributive Trades Survey (Sep) 28 24

18:00 USD Goods Trade Balance (Aug) -57.30B -59.12B

18:25 USD Redbook (YoY) 0.9%

18:25 USD Redbook (MoM) -1.4%

18:30 USD S&P/CS HPI Composite - 20 s.a. (MoM)

(Jul) 0.1% -0.1%

18:30 USD S&P/CS HPI Composite - 20 n.s.a. (YoY)

(Jul) 5.2% 5.0%

18:30 USD S&P/CS HPI Composite - 20 n.s.a. (MoM)

(Jul) 0.8% 1.0%

19:30 USD CB Consumer Confidence (Sep) 96.0 101.5

20:00 USD Dallas Fed Services Revenues (Sep) 9.3

20:00 USD Texas Services Sector Outlook (Sep) 2.1

Iforex Market Insight

Date– 29–SEP

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5180 TARGET 1.5200 1.15230 SL 1.5150

SELL GBP/USD BELOW 1.5150 TARGET 1.5130 1.5100 SL 1.5180

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.1270 TARGET 1.1290 1.1320 SL 1.1240

SELL EUR/USD BELOW 1.1240 TARGET 1.1220 1.1190 SL 1.1270

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