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– 14–DEC
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The pound held steady against the U.S. dollar on Friday, as the Bank of England's mone-
tary policy decision on Thursday continued to weigh mildly on sterling, while investors re-
mained cautious with the greenback ahead of a string of U.S. data due later in the
day.GBP/USD hit 1.5132 during European morning trade, the session low; the pair subse-
quently consolidated at 1.5153.Cable was likely to find support at 1.5075, the low of De-
cember 4 and resistance at 1.5240, the high of November 17.Sterling weakened after dov-
ish Bank of England meeting minutes on Thursday indicated that interest rates are likely to
remain on hold at record lows for longer.The Monetary Policy Committee voted eight-to-
one to keep rates on hold at 0.5%. Ian McCafferty, one of four external members on the
nine-person MPC, voted to increase rates to 0.75%.the economy.
EUR/USD posted modest gains on Friday erasing some of its losses from the previous ses-
sion, as currency traders continued to await a likely interest rate hike by the Federal Re-
serve at its two-day meeting next week.The currency pair traded between 1.0927 and
1.1031 before settling at 1.0994, up 0.0053 or 0.49% on the session. After surging by more
than 3% in last Thursday's session, EUR/USD has been relatively flat in the six subsequent
trading days, moving only percentage points higher. Earlier this week, the euro jumped to
one-month highs against the dollar as the aftershocks of a surprising move by the European
Central Bank continued to be felt. EUR/USD likely gained support at 1.0549, the low from
Dec. 2 and was met with resistance at 1.1041, the high from Dec. 9.
Forex -Dollar steady after euro jump loses steam, Aussie trims gains Forex -Onshore yuan rates hit 4-yr low, dollar and euro steadier Forex -Dollar little changed vs. rivals, U.S. data on tap
Iforex Market Insight
Date– 14–DEC
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Monday, December 14, 2015
05:20 JPY Tankan All Big Industry CAPEX (Q4) 10.2% 10.9%
05:20 JPY Tankan Big Manufacturing Outlook Index
(Q4) 11 10
05:20 JPY Tankan Large Manufacturers Index (Q4) 11 12
05:20 JPY Tankan Large Non-Manufacturers Index
(Q4) 23 25
10:00 JPY Industrial Production (MoM) (Oct) - 1.4%
15:30 EUR Industrial Production (MoM) (Oct) 0.1% -0.3%
Iforex Market Insight
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBP/USD ABOVE 1.5230 TARGET 1.5250 1.5270 SL 1.5200
SELL GBP/USD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230
GBP/USD HOURLY CHART
BUY EUR/USD ABOVE 1.1000 TARGET 1.1020 1.1050 SL 1.0970
SELL EUR/USD BELOW 1.0970 TARGET 1.0950 1.0920 SL 1.1000
Date– 14–DEC
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