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Iforex Market Insight
 INTERNATIONAL CURRENCY
BUZZ
 ECONOMIC CALENDAR
 GBP/USD HOURLY CHART
 EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 28–AUG
INTERNATIONAL CURRENCY BUZZ
GBP/USD
EUR/USD
The bid tone around the EUR/USD pair keeps reducing as we head into the European opening bells, as
the greenback pares losses from Asia against its major competitors. While focus shifts back to the US
GDP data due to be reported later in the New York session. The EUR/USD pair trades 0.23% higher at
1.1340, retreating from 1.1357 reached in the early Asian trading. The major shed some early gains as
the USD bulls seem to regain ground somewhat and resume its previous rally backed by surprisingly
upbeat US durable goods orders print. Moreover, ongoing risk sentiment further bolstered by Chinese
equities joining the Asian rally also continues to weigh on EUR/USD, restricting further up moves. On
Wednesday, EUR/USD erased Monday’s gains entirely and dropped below 1.13 barrier after the US
dollar jumped following the release of positive US durable goods data and also tracking stronger US
equities performance. Looking ahead, the main currency pair is likely to track USD moves as the New
York session holds the much awaited US Q2 GDP figures while the Jackson Hole Symposium will also
remain in focus.
FOREX-Dollar index edges up to 4-day high ahead of U.S. GDP data
FOREX- NZD/USD edges higher but gains seen limited
FOREX- Yen weaker after Kuroda remarks, markets focused on China
The increased bid tone around the US dollar finally sweeps the cable off its feet, now pushing GP/
USD back near session lows below 1.55 handle. The GBP/USD pair trades 0.12% higher at 1.5479, find-
ing stiff barrier at 1.5500. The cable gave up its struggle to reclaim 1.55 handle and trimmed gains, fal-
ling further towards the session lows, as the pound finally surrendered to the strengthening US dollar,
riding higher on the back of stabilizing global equities and upbeat US durable goods data released in
the US last session. Moreover, Chinese markets bouncing today also bolstered the prevailing risk-
sentiment, further increasing the demand for the newly pronounced risk currency – the USD. The US
dollar index , a virtual measure of greenback’s strength now trades 0.10% higher at 95.38. Markets
now shift focus towards the US data due later today which may have major influence on the cable. US
Q2 GDP report will be reported along with weekly jobless claims and pending home sales data.
Iforex Market Insight
Date– 28–AUG
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Friday, August 28, 2015
01:45 CHF GDP (QoQ) (Q2) -0.1% -0.2%
01:45 CHF GDP (YoY) (Q2) 0.9% 1.1%
04:30 GBP Business Investment (QoQ) (Q2) 1.7% 2.0%
04:30 GBP GDP (QoQ) (Q2) 0.7% 0.7%
04:30 GBP GDP (YoY) (Q2) 2.6% 2.6%
08:30 USD Core PCE Price Index (MoM) (Jul) 0.1% 0.1%
08:30 USD Core PCE Price Index (YoY) (Jul) 1.3% 1.3%
08:30 USD Goods Trade Balance (Jul) -62.26B
08:30 USD Personal Spending (MoM) (Jul) 0.4% 0.2%
08:30 CAD RMPI (MoM) (Jul) -4.0% 0.0%
10:00 USD Michigan Consumer Expectations (Aug) 83.8
10:00 USD Michigan Consumer Sentiment (Aug) 93.0 92.9
15:30 GBP CFTC GBP speculative net positions -4.0K
15:30 USD CFTC Gold speculative net positions 41.7K
15:30 USD CFTC S&P 500 speculative net positions -146.6K
15:30 AUD CFTC AUD speculative net positions -49.9K
15:30 EUR CFTC EUR speculative net positions -92.7K
22:25 GBP BoE Gov Carney Speaks
Iforex Market Insight
Date– 28–AUG
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBPUSD ABOVE 1.5510 TARGET 1.5530 1.5560 SL 1.5480
SELL GBPUSD BELOW 1.5160 TARGET 1.5140 1.5110 SL 1.5190
GBP/USD HOURLY CHART
BUY EURUSD ABOVE 1.1290 TARGET 1.1310 1.1340 SL 1.1260
SELL EURUSD BELOW 1.1150 TARGET 1.1130 1.1100 SL 1.1180
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 28 August 2015

  • 1. Iforex Market Insight  INTERNATIONAL CURRENCY BUZZ  ECONOMIC CALENDAR  GBP/USD HOURLY CHART  EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
  • 2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- Iforex Market Insight Date– 28–AUG INTERNATIONAL CURRENCY BUZZ GBP/USD EUR/USD The bid tone around the EUR/USD pair keeps reducing as we head into the European opening bells, as the greenback pares losses from Asia against its major competitors. While focus shifts back to the US GDP data due to be reported later in the New York session. The EUR/USD pair trades 0.23% higher at 1.1340, retreating from 1.1357 reached in the early Asian trading. The major shed some early gains as the USD bulls seem to regain ground somewhat and resume its previous rally backed by surprisingly upbeat US durable goods orders print. Moreover, ongoing risk sentiment further bolstered by Chinese equities joining the Asian rally also continues to weigh on EUR/USD, restricting further up moves. On Wednesday, EUR/USD erased Monday’s gains entirely and dropped below 1.13 barrier after the US dollar jumped following the release of positive US durable goods data and also tracking stronger US equities performance. Looking ahead, the main currency pair is likely to track USD moves as the New York session holds the much awaited US Q2 GDP figures while the Jackson Hole Symposium will also remain in focus. FOREX-Dollar index edges up to 4-day high ahead of U.S. GDP data FOREX- NZD/USD edges higher but gains seen limited FOREX- Yen weaker after Kuroda remarks, markets focused on China The increased bid tone around the US dollar finally sweeps the cable off its feet, now pushing GP/ USD back near session lows below 1.55 handle. The GBP/USD pair trades 0.12% higher at 1.5479, find- ing stiff barrier at 1.5500. The cable gave up its struggle to reclaim 1.55 handle and trimmed gains, fal- ling further towards the session lows, as the pound finally surrendered to the strengthening US dollar, riding higher on the back of stabilizing global equities and upbeat US durable goods data released in the US last session. Moreover, Chinese markets bouncing today also bolstered the prevailing risk- sentiment, further increasing the demand for the newly pronounced risk currency – the USD. The US dollar index , a virtual measure of greenback’s strength now trades 0.10% higher at 95.38. Markets now shift focus towards the US data due later today which may have major influence on the cable. US Q2 GDP report will be reported along with weekly jobless claims and pending home sales data.
  • 3. Iforex Market Insight Date– 28–AUG www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore ECONOMIC CALENDAR Time Cur. Event Forecast Previous Friday, August 28, 2015 01:45 CHF GDP (QoQ) (Q2) -0.1% -0.2% 01:45 CHF GDP (YoY) (Q2) 0.9% 1.1% 04:30 GBP Business Investment (QoQ) (Q2) 1.7% 2.0% 04:30 GBP GDP (QoQ) (Q2) 0.7% 0.7% 04:30 GBP GDP (YoY) (Q2) 2.6% 2.6% 08:30 USD Core PCE Price Index (MoM) (Jul) 0.1% 0.1% 08:30 USD Core PCE Price Index (YoY) (Jul) 1.3% 1.3% 08:30 USD Goods Trade Balance (Jul) -62.26B 08:30 USD Personal Spending (MoM) (Jul) 0.4% 0.2% 08:30 CAD RMPI (MoM) (Jul) -4.0% 0.0% 10:00 USD Michigan Consumer Expectations (Aug) 83.8 10:00 USD Michigan Consumer Sentiment (Aug) 93.0 92.9 15:30 GBP CFTC GBP speculative net positions -4.0K 15:30 USD CFTC Gold speculative net positions 41.7K 15:30 USD CFTC S&P 500 speculative net positions -146.6K 15:30 AUD CFTC AUD speculative net positions -49.9K 15:30 EUR CFTC EUR speculative net positions -92.7K 22:25 GBP BoE Gov Carney Speaks
  • 4. Iforex Market Insight Date– 28–AUG www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- EUR/USD HOURLY CHART BUY GBPUSD ABOVE 1.5510 TARGET 1.5530 1.5560 SL 1.5480 SELL GBPUSD BELOW 1.5160 TARGET 1.5140 1.5110 SL 1.5190 GBP/USD HOURLY CHART BUY EURUSD ABOVE 1.1290 TARGET 1.1310 1.1340 SL 1.1260 SELL EURUSD BELOW 1.1150 TARGET 1.1130 1.1100 SL 1.1180
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