- The Australian dollar rose against the US dollar after data showed stronger than expected 1% GDP growth in the first quarter of 2015. AUD/USD hit a one-week high of 0.7819. - The euro surged over 2% against the dollar, its largest one-day gain in nearly three months, boosted by uncertainties around the Greek debt crisis and weak US economic data. EUR/USD reached an intraday high of 1.1192. - The economic calendar highlights initial US jobless claims and nonfarm productivity data due out on Thursday, along with several speeches by central bank officials.

1. Iforex Market Insight
 INTERNATIONAL CURRENCY
BUZZ
 ECONOMIC CALENDAR
 GBP/USD HOURLY CHART
 EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE

2. Forex- Euro dips ahead of ECB press conference
Forex- Dollar remains on defensive as Greece hopes buoy euro
Forex - Aussie rebounds on stronger Q1 GDP, eyes ahead on Greece
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 4-June
INTERNATIONAL CURRENCY BUZZ
AUD/USD
EUR/USD
The Australian dollar rose to one-week highs against its U.S. counterpart on Wednesday, after
data showed that Australia's economy grew at a faster rate than expected in the first quarter,
while demand for the greenback continued to cool. AUD/USD hit 0.7819 during late Asian
trade, the pair's highest since May 26; the pair subsequently consolidated at 0.7804, gaining
0.46%. The pair was likely to find support at 0.7723, the low of May 26 and resistance at
0.7840, the high of May 26. the Australian Bureau of Statistics said gross domestic product
rose 0.9% in the first quarter, beating expectations for a growth rate of 0.7% and after a 0.5%
rise in the last three months of 2014. Year-on-year, Australia's GDP rose 2.3% in the three
months to March, compared to expectations for an increase of 2.1%, following a 2.5% growth
rate in the last quarter of 2014.
The euro surged against the dollar on Tuesday posting its largest one-day rally in nearly three
months, as ambiguities related to the Greek debt crisis and poor U.S. economic data re-
mained in focus. EUR/USD soared more than 2.15% to an intraday high of 1.1192 before fal-
ling slightly back to 1.1153 in U.S. afternoon trading. Still, the pair finished with its sharpest
daily gain since Mar. 18 and closed above 1.10 for the first time in eight sessions. European
Central Bank president Mario Draghi, International Monetary Fund head Christine Lagarde,
Germany chancellor Angela Merkel, France president Francois Hollande and European Com-
mission president Jean-Claude Juncker were among the officials present at the meeting. The
meetings transpired days before a Greek deadline to meet a €304 million obligation to the
IMF on Friday. In total, Greece owes more than €1.1 billion to the IMF in four separate pay-
ments by the end of this month.

3. Iforex Market Insight
Date– 4-June
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Thursday, June 4, 2015
All Day Holiday Brazil - Corpus Christi Day
Tentative BRL Interest Rate Decision 13.75% 13.25%
05:30 JPY BoJ Governor Kuroda Speaks
07:00 AUD Retail Sales (MoM) (Apr) 0.4% 0.3%
07:00 AUD Trade Balance (Apr) -2.250B -1.322B
16:30 GBP BoE QE Total (Jun) 375B 375B
16:30 GBP Interest Rate Decision (Jun) 0.50% 0.50%
Tentative RUB CPI (MoM) 0.4% 0.5%
Tentative RUB CPI (YoY) 15.9% 16.4%
17:33 RUB Central Bank reserves (USD) 360.5B
18:00 USD Initial Jobless Claims 279K 282K
18:00 USD Nonfarm Productivity (QoQ) (Q1) -2.9% -1.9%
18:00 USD Unit Labor Costs (QoQ) (Q1) 5.9% 5.0%
19:30 CAD Ivey PMI (May) 55.5 58.2
21:30 USD FOMC Member Tarullo Speaks

4. Iforex Market Insight
Date– 4-June
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBPUSD ABOVE 1.5390 TARGET 1.5410 1.5440 SL 1.5360
SELL GBPUSD BELOW 1.5300 TARGET 1.5280 1.5250 SL 1.5330
GBP/USD HOURLY CHART
BUY EURUSD ABOVE 1.1290 TARGET 1.1310 1.1340 SL 1.1260
SELL EURUSD BELOW 1.1240 TARGET 1.1220 1.1190 SL 1.1270

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