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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 –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
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)
Iforex Market Insight
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBPUSD ABOVE 1.3087 TGT 1.3107 1.3137 SL 1.3057
SELL GBPUSD BELOW 1.3048 TGT 1.3028 1.2998 SL 1.3078
GBP/USD HOURLY CHART
BUY EURUSD AROUND 1.1240-1.1242 TGT 1.1262 1.1292 SL 1.1210
SELL EURUSD BELOW 1.1300 TGT 1.1280 1.1250 SL 1.1330
Date – 22– Aug
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
EPIC RESEARCH SINGAPORE
1,Raffles Place # 44-02
Singapore(048616)
www.epicresearch.sg
HNI & NRI SALES CONTACT
2117 Arbor Vista DR.
Charlotte (NC)
Cell:+1 704 249 2315

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Epic research singapore daily i forex report 22 aug 2016

  • 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 –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)
  • 4. Iforex Market Insight www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- EUR/USD HOURLY CHART BUY GBPUSD ABOVE 1.3087 TGT 1.3107 1.3137 SL 1.3057 SELL GBPUSD BELOW 1.3048 TGT 1.3028 1.2998 SL 1.3078 GBP/USD HOURLY CHART BUY EURUSD AROUND 1.1240-1.1242 TGT 1.1262 1.1292 SL 1.1210 SELL EURUSD BELOW 1.1300 TGT 1.1280 1.1250 SL 1.1330 Date – 22– Aug
  • 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 EPIC RESEARCH SINGAPORE 1,Raffles Place # 44-02 Singapore(048616) www.epicresearch.sg HNI & NRI SALES CONTACT 2117 Arbor Vista DR. Charlotte (NC) Cell:+1 704 249 2315