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.

1. EPIC RESEARCH REPORT
DAILY INTERNATIONAL FOREX
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08-MAY-2014

2. INTERNATIONAL CURRENCY BUZZ
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➔ Forex - USD/CAD touches session highs after weak Canadian data
➔ Forex - Pound steady near 5-year highs against dollar
➔ BTC/USD moves higher despite China crackdown concerns
USD/CAD
➔ USD/CAD edged up to 1.0902 from 1.0890 ahead of the data. The pair was likely to find support at 1.0857 and
resistance at 1.0950.The Canadian dollar dipped after Statistics Canada reported that the number of new building
permits issued in March tumbled 3%, confounding expectations for a gain of 4.3%.February’s figure was revised to
a drop of 11.3% from a previously reported decline of 11.6%.The greenback remained under pressure ahead of
testimony to Congress by U.S. central bank head Janet Yellen later Wednesday. Ms. Yellen was widely expected
to reiterate interest rates will remain on hold for longer, in spite of last month’s stronger-than-forecast U.S.
nonfarm payrolls report.
GBP/USD
➔ GBP/USD was trading at 1.6970, not far from the peaks of 1.6993 reached on Tuesday, the highest level since
August 2009.Cable was likely to find support at 1.6925 and resistance at 1.7000.A recent string of upbeat reports
about the U.K. economy has raised expectations the BoE could raise borrowing costs ahead of other central
banks.The pound strengthened across the board on Tuesday after a forecast beating U.K. services purchasing
managers’ index bolstered the outlook for the wider recovery.The U.K. services PMI rose to 58.7 last month from
57.6 in March, far above the 50 level separating growth from contraction and beating forecasts of an unchanged
reading..

3. DAILY ECONOMIC DATA
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4. EPIC'S ANALYST SPEAKS
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GBP/USD Hourly Chart
INTRADAY OUTLOOK
Support: 1.6950
Resistance: 1.7005
RECOMMENDATION:
1. Buy GBP/USD Above 1.7005- TG: 1.7025/ 1.7055 SL 1.6975
2. Sell GBP/USD Below 1.6950- TG: 1.6930/ 1.6900 SL 1.6980

5. EPIC'S ANALYST SPEAKS
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EUR/USD Hourly Chart
INTRADAY OUTLOOK
Immediate Support: 1.3890
Immediate Resistance: 1.3950
RECOMMENDATION:
1. Buy EUR/USD Above 1.3950- TG: 1.3970/1.4000 SL 1.3920
2. Sell EUR/USD Below 1.3890- TG: 1.3870/1.3840 SL 1.3920

6. DISCLAIMER
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