2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 29-June
INTERNATIONAL CURRENCY BUZZ
EUR/USD
USD/CAD
The euro trimmed losses against the U.S. dollar on Friday, but remained under pressure as upbeat
U.S. consumer sentiment data added to optimism over the strength of the country's economy and as
Greek debt negotiations remained in focus. EUR/USD eased off 1.1155, the session low, to hit 1.1194
during U.S. morning trade, still down 0.09%. The pair was likely to find support at 1.1133, the low of
June 23 and resistance at 1.1295, the high of June 15. The University of Michigan reported on Friday
that its consumer sentiment index rose to a five-month high of 96.1 this month from 94.6 in May, ex-
ceeding expectations for an unchanged reading. The UoM also reported that its inflation expecta-
tions for the next 12 months remained unchanged at 2.7% in June. Time is running out for the Greek
government to secure a deal to unlock bailout funds ahead of the looming deadline for a €1.6 billion
repayment to the International Monetary Fund on June 30.
The U.S. dollar rose against its Canadian counterpart on Friday, as Thursday's upbeat U.S. data contin-
ued to support the greenback and investors continued to focus on Greek debt talks. USD/CAD hit
1.2397 during early U.S. trade, the session high; the pair subsequently consolidated at 1.2380, gaining
0.46%. The pair was likely to find support at 1.2273, the low of June 24 and resistance at 1.2423, the
high of June 24. The dollar remained supported after data on Thursday showed that U.S. personal
spendingrose by 0.9% in May, above expectations for a gain of 0.7%.The report also showed personal
income rose by 0.5% in May, in line with forecasts and after rising 0.5% in April. In addition, the U.S.
Department of Labor said the number of individuals filing for initial jobless benefits in the week end-
ing June 20 increased by 3,000 to 271,000 from the previous week’s total of 268,000. Analysts had
expected initial jobless claims to rise by 4,000 to 272,000 last week.
Forex - EUR/USD trims losses but remains under pressure
Forex - Yen gains as key data aids, euro turns down on Greece talks
Forex - NZD/USD rises, pulls further away from 5-year trough
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