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Iforex Market Insight
 INTERNATIONAL CURRENCY
BUZZ
 ECONOMIC CALENDAR
 GBP/USD HOURLY CHART
 EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE
Forex- Dollar trims gains vs. rivals as U.S. data disappoints.
Forex- Pound edges down from 6-month peak vs. stronger dollar.
Forex- EUR/USD pares losses after weak UoM report.
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 18-May
INTERNATIONAL CURRENCY BUZZ
GBP/USD
EUR/USD
GBP/USD hit 1.5746 during European morning trade, the session low; the pair subsequently
consolidated at 1.5741, slipping 0.22%.The pound edged lower against the U.S. dollar on Friday,
pulling back from a six-month peak as the greenback recovered from the previous session's
mixed U.S. data and as investors awaited the release of additional U.S. reports later in the day.
Cable was likely to find support at 1.5630, the low of May 13 and resistance at 1.5816, Thurs-
day's high and a six-month high. The weak inflation data reinforced expectations that the Fed-
eral Reserve will hold off on raising interest rates until the economic recovery is on a stronger
footing.
EUR/USD eased off 1.1324, the pair's lowest since May 12, to hit 1.1295 during U.S. morning
trade, still down 0.12%.The euro pared losses against the U.S. dollar on Friday, after data showed
that U.S. consumer sentiment deteriorated to the lowest level since November 2014, adding to
concerns over the strength of the economic recovery. The pair was likely to find support at
1.1201, the low of May 12 and resistance at 1.1444, Thursday's high and a three-month high.
The University of Michigan said in a preliminary report that its consumer sentiment index fell
to a seven-month low of 88.6 this month from 95.9 in April. Analysts had expected the index to
decline to 96.0 in May. The UoM also said its inflation expectations for the next 12 months
ticked up to 2.9% this month from 2.6% in April.
Iforex Market Insight
Date-: 18-May
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Monday, May 18, 2015
All Day Holiday Canada - Victoria Day
05:00 AUD RBA Assist Gov Lowe Speaks
57 min JPY Industrial Production (MoM) (Mar) -0.3% -0.3%
57 min JPY
Tertiary Industry Activity Index
(MoM)
-0.5% 0.3%
12:45 CHF Retail Sales (YoY) (Mar) -2.7%
Iforex Market Insight
Date-: 18-May
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBPUSD ABOVE 1.5755 TARGET 1.5775 1.5805SL 1.5725
SELL GBPUSD BELOW 1.5700 TARGET 1.5680 1.5650 SL 1.5730
GBP/USD HOURLY CHART
BUY EURUSD ABOVE 1.1470 TARGET 1.1490 1.1520 SL 1.1440
SELL EURUSD BELOW 1.1390 TARGET 1.1370 1.1340 SL 1.1420
The information and views in this report, our website & all the service we provide are believed to be reliable,
but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose
the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein
is based on analysis and up on sources that we consider reliable. This material is for personal information and
based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report
does not provide individually tailor-made investment advice. Epic research recommends that investors inde-
pendently evaluate particular investments and strategies, and encourages investors to seek the advice of a fi-
nancial adviser. Epic research shall not be responsible for any transaction conducted based on the information
given in this report, which is in violation of rules and regulations .
The share price projections shown are not necessarily indicative of future price performance. The information
herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to
epic research might be holding positions in the stocks recommended. It is understood that anyone who is
browsing through the site has done so at his free will and does not read any views expressed as a recommen-
dation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of
the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market
has its own risks.
EPIC RESEARCH SINGAPORE

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Epic Research Singapore : - Daily IForex Report of 18 May 2015

  • 1. Iforex Market Insight  INTERNATIONAL CURRENCY BUZZ  ECONOMIC CALENDAR  GBP/USD HOURLY CHART  EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
  • 2. Forex- Dollar trims gains vs. rivals as U.S. data disappoints. Forex- Pound edges down from 6-month peak vs. stronger dollar. Forex- EUR/USD pares losses after weak UoM report. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- Iforex Market Insight Date– 18-May INTERNATIONAL CURRENCY BUZZ GBP/USD EUR/USD GBP/USD hit 1.5746 during European morning trade, the session low; the pair subsequently consolidated at 1.5741, slipping 0.22%.The pound edged lower against the U.S. dollar on Friday, pulling back from a six-month peak as the greenback recovered from the previous session's mixed U.S. data and as investors awaited the release of additional U.S. reports later in the day. Cable was likely to find support at 1.5630, the low of May 13 and resistance at 1.5816, Thurs- day's high and a six-month high. The weak inflation data reinforced expectations that the Fed- eral Reserve will hold off on raising interest rates until the economic recovery is on a stronger footing. EUR/USD eased off 1.1324, the pair's lowest since May 12, to hit 1.1295 during U.S. morning trade, still down 0.12%.The euro pared losses against the U.S. dollar on Friday, after data showed that U.S. consumer sentiment deteriorated to the lowest level since November 2014, adding to concerns over the strength of the economic recovery. The pair was likely to find support at 1.1201, the low of May 12 and resistance at 1.1444, Thursday's high and a three-month high. The University of Michigan said in a preliminary report that its consumer sentiment index fell to a seven-month low of 88.6 this month from 95.9 in April. Analysts had expected the index to decline to 96.0 in May. The UoM also said its inflation expectations for the next 12 months ticked up to 2.9% this month from 2.6% in April.
  • 3. Iforex Market Insight Date-: 18-May www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore ECONOMIC CALENDAR Time Cur. Event Forecast Previous Monday, May 18, 2015 All Day Holiday Canada - Victoria Day 05:00 AUD RBA Assist Gov Lowe Speaks 57 min JPY Industrial Production (MoM) (Mar) -0.3% -0.3% 57 min JPY Tertiary Industry Activity Index (MoM) -0.5% 0.3% 12:45 CHF Retail Sales (YoY) (Mar) -2.7%
  • 4. Iforex Market Insight Date-: 18-May www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- EUR/USD HOURLY CHART BUY GBPUSD ABOVE 1.5755 TARGET 1.5775 1.5805SL 1.5725 SELL GBPUSD BELOW 1.5700 TARGET 1.5680 1.5650 SL 1.5730 GBP/USD HOURLY CHART BUY EURUSD ABOVE 1.1470 TARGET 1.1490 1.1520 SL 1.1440 SELL EURUSD BELOW 1.1390 TARGET 1.1370 1.1340 SL 1.1420
  • 5. The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors inde- pendently evaluate particular investments and strategies, and encourages investors to seek the advice of a fi- nancial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations . The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommen- dation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. EPIC RESEARCH SINGAPORE