Epic Research provides ultimate FOREX signals for their clients to produce amazingly accurate results. Our research team prepare such I-FOREX Signals live charts and track-sheets of the past performance consulting which traders can generate maximum profit from the market place.This report helps you to achieve desired success in the SGX Stock Exchange.
Daily i forex signals report by epic research singapore 10 th september 2014
1. EPIC RESEARCH REPORT
DAILY INTERNATIONAL FOREX
10-SEP-2014
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2. INTERNATIONAL CURRENCY BUZZ
Forex-Dollar hits 6-year highs against yen.
Forex-Dollar hits 14-month highs against currency basket.
Forex-AUD/USD hits 3-week lows on business confidence data.
USD/JPY
USD/JPY rose to six year highs of 106.34 and was last up 0.23% to 106.25.The yen remained under pressure after
data on Monday showing that Japan’s second quarter economic contraction was larger than initially estimated, and
another report showing that the country’s current account surplus fell short of expectations in July.The weak data
raised expectations for further easing measures from the Bank of Japan to stimulate the economy.In contrast, the
Federal Reserve is expected to wind up its asset purchase program in October and to start raising interest rates
sometime in mid-2015. A study by the San Francisco Fed published on Monday indicated that central bank officials
see rates rising earlier than markets expect.
GBP/USD
GBP/USD hit 1.6064 earlier during European morning trade, the lowest level since November and was last down
0.06% at 1.6095.Cable was likely to find support at around 1.5852 and resistance at the 1.6225 level.Official data
showed that U.K. manufacturing production rose 0.3% in July, in line with expectations, after a 0.3% gain the
previous month.A separate report showed that the U.K. trade deficit widened to £10.19 billion in July, from £9.41
billion in June. Analysts had expected the trade deficit to narrow to £9.10 billion in July.Meanwhile, the dollar
found further support after a study by the San Francisco Federal Reserve published on Monday indicated that Fed
officials see rates rising earlier than markets expect.
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4. EPIC'S ANALYST SPEAKS
USD/JPY Hourly Chart
INTRADAY OUTLOOK
Support: 106.50
Resistance: 105.77
RECOMMENDATION:
1. Buy USD/JPY Above 105.80-TG: 106.00/106.30 SL 105.50
2. Sell USD/JPY Below 106.47-TG:106.27/105.97 SL 106.77
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5. EPIC'S ANALYST SPEAKS
GBP/USD Hourly Chart
INTRADAY OUTLOOK
Immediate Support:1.6038
Immediate Resistance:1.6123
RECOMMENDATION:
1. Buy GBP/USD Above 1.6125-TG: 1.6145/1.6175 SL 1.6095
2. Sell GBP/USD Below 1.6036-TG:1.6016/1.5986 SL 1.6066
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