2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 6-July
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The euro was almost unchanged against the U.S. dollar on Friday, as investors remained cau-
tious ahead of the weekend's Greek referendum on whether or not the country's should ac-
cept its creditor's bailout terms. EUR/USD hit 1.1100 during late Asian trade, the session high;
the pair subsequently consolidated at 1.1093.The pair was likely to find support at 1.1032, the
low of July 1 and resistance at 1.1171, the high of July 1. Hopes for a last minute deal between
Greece and the euro zone were quashed on Wednesday after Greek Prime Minister Alexis Tsip-
ras urged voters to reject the terms of an international bailout deal. Greek voters are due to
decide on Sunday whether to accept terms proposed by the institutions overseeing the coun-
try’s now-expired bailout, the European Central Bank, the International Monetary Fund and
the European Commission, or reject them.
The pound edged higher against the U.S. dollar on Friday, after data showed that U.K. service
sector expanded at a faster rate than expected this month, although gains were capped by on-
going concerns over the Greek debt crisis. Trading volumes were expected to remain thin with
U.S. markets closed for a national holiday. GBP/USD hit 1.5639 during European morning trade,
the session high; the pair subsequently consolidated at 1.5623, adding 0.10%. Market research
group reported on Friday that the U.K. services purchasing managers' index rose to 58.5 in June
from 56.5 the previous month, beating expectations for an uptick to 57.4. But investors re-
mained cautious as hopes for a last minute deal between Greece and the euro zone were
quashed on Wednesday after Greek Prime Minister Alexis Tsipras urged voters to reject the
terms of an international bailout deal.
FOREX-Soft U.S. jobs data weighs on dollar, euro hostage to Greek vote
FOREX-Dollar treads water after disappointing U.S. jobs data
FOREX-Swedish crown slips on surprise rate cut, U.S. payrolls eyed
3. Iforex Market Insight
Date– 6-July
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Monday, July 6, 2015
08:00 HKD Manufacturing PMI (Jun) 47.6
13:40 EUR Retail PMI 51.4
14:00 GBP Housing Equity Withdrawal (QoQ) -13.0B
14:00 EUR Sentix Investor Confidence (Jul) 15.0 17.1
19:30 USD CB Employment Trends Index (Jul) 128.60
19:30 USD Fed Labor Market Conditions Index 1.3
19:30 USD ISM Non-Manufacturing Business Activity (Jun) 60.0 59.5
19:30 USD ISM Non-Manufacturing New Orders (Jun) 57.9
19:30 USD ISM Non-Manufacturing PMI (Jun) 56.2 55.7
19:30 USD ISM Non-Manufacturing Prices (Jun) 55.9
19:30 CAD Ivey PMI n.s.a (Jun) 65.2
19:30 CAD Ivey PMI (Jun) 54.0 62.3
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