Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.
2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date –22– Aug
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The pound slid lower against the U.S. dollar on Friday, despite the release of positive data
from the U.K., as Thursday’s upbeat U.S. economic reports continued to lend support to
the greenback.GBP/USD hit 1.3112 during European morning trade, the session low; the
pair subsequently consolidated at 1.3115, declining 0.43%.Cable was likely to find support
at 1.2976, Wednesday’s low and resistance at 1.3449, the high of August 4.The U.K. Office
for National Statistics said that public sector net borrowing declined by £1.47 billion in
July, compared to expectations for a £1.20 billion fall.Public sector net borrowing in-
creased by £7.51 billion in June, whose figure was revised from a previously estimated
£7.31 billion gain.But the dollar remained supported after data on Thursday showed that
initial jobless claims decreased by 4,000 to 262,000 last week, compared to expectations
for a 1,000 decline to 265,000.
EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded long as previ-
ously forecasted but is yet to reach our target resistance level at 1.13866. Euro is still
pretty much bullish on the daily chart and may head further to the upper side. We expect
the current downward movement to be a mere corrective pullback and should not go be-
yond 1.13080 from where we’ll be looking for potential low risk buy opportunities. This
pair be traded alongside EUR/JPY, GBP/USD, NZD/USD and AUD/USD. These pairs have a
strong positive correlation of up to +0.93 and will have a similar price action during this in-
traday.
Forex - GBP/USD slides lower despite positive U.K. data
Forex - Yen weaker in early Asia as markets eye Fed debate on rate hikes
Forex - Dollar moves higher vs. rivals, bounces off 7-week trough
3. Iforex Market Insight
Date – 22– Aug
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Monday, August 22, 2016
14:00 HKD CPI (YoY) (Jul) 2.40%
15:30 MYR FX Reserves USD (2wk) 97.3B
18:00 USD Chicago Fed National Activity (Jul) 0.16
20:00 AUD CB Leading Index (MoM)
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