Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.
Epic Research Singapore : - Daily IForex Report of 01st December 2014
1. EPIC RESEARCH REPORT
DAILY INTERNATIONAL FOREX
01-DEC-2014
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2. INTERNATIONAL CURRENCY BUZZ
Forex-Dollar holds gains vs. rivals in holiday-thinned trade.
Forex-EUR/USD edges higher but upside seen limited.
Forex-USD/JPY rises after Japanese economic reports.
EUR/USD
EUR/USDhit 1.2490 during European afternoon trade, the session high; the pair subsequently consolidated at
1.2482, adding 0.13% The pair was likely to find support at 1.2400, the low of November 25 and resistance at
1.2571, the high of November 21.The euro edged higher against the U.S. dollar on Friday, but gains were expected
to remain limited as euro zone inflation data added to expectations for the European Central Bank to announce
additional stimulus measures at its monthly policy meeting next week.Official data earlier showed that euro zone
consumer price inflation ticked down to an annualized rate of 0.3% this month from 0.4% in October, in line with
expectations.
USD/JPY
USD/JPY hit 118.34 during late Asian trade, the pair's highest since November 25; the pair subsequently
consolidated at 118.13, gaining 0.33%The pair was likely to find support at 116.81, the low of November 16 and
resistance at 118.97, the high of November 20 and a seven-year high.The U.S. dollar rose against the yen on Friday,
despite the release of mostly positive Japanese economic reports as demand for the greenback remained broadly
supported.Official data showed on Friday that Japan's household spending declined by an annualized rate of 4.0%
in October, compared to expectations for a 4.8% drop, after a 5.6% fall the previous month.A separate report
showed that Japan's retail sales rose by an annualized rate of 1.4% in October.
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4. INTRADAY OUTLOOK
Support: 1.2430
Resistance: 1.2480
EPIC'S ANALYST SPEAKS
EUR/USD Hourly Chart
EUR/USD Hourly Chart
RECOMMENDATION:
1. Buy EUR/USD Above 1.2482-TG:1.2502/1.2532 SL 1.2452
2. Sell EUR/USD Below 1.2428-TG:1.2408/1.2378 SL 1.2458
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5. EPIC'S ANALYST SPEAKS
INTRADAY OUTLOOK
Immediate Support: 118.52
Immediate Resistance: 119.10
USD/JPY Hourly Chart
RECOMMENDATION:
1. Buy USD/JPY Above 119.12-TG:119.32/119.62 SL 118.82
2. Sell USD/JPY Below 118.50-TG:118.30/118.00 SL 118.80
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