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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– 03– Mar
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The pound slid to the day’s lows against the dollar on Wednesday after data showing that
growth in the U.K. construction sector slowed to 10-month lows in February, on a drop in
housebuilding.GBP/USD eased to 1.3932 from around 1.3945 ahead of the data.The Markit
construction purchasing managers' index fell to 54.2 from January’s 55.0. Economists had ex-
pected the index to tick up to 55.5.It was the slowest increase in overall construction output
since April 2015.Housebuilding expanded at the slowest pace since June 2013 and construc-
tion firms hired staff at the weakest rate in two-and-a-half years.The report came a day after
a similar survey of the manufacturing sector, which showed that activity slumped to the low-
est in almost three years in February.The U.S. dollar index, which measures the greenback’s
strength against a trade-weighted basket of six major currencies, was close to one-month
highs at 98.48.
The EURUSD pair keeps its stability below 1.0890 level, showing slight bearish bias in attempt
to move away from the mentioned level, noticing that stochastic loses its positive momentum
gradually approaching from the overbought levels, which represents negative factor that we
wait to push on the price to continue the bearish bias in the upcoming period.Therefore, our
bearish trend expectations will remain valid efficiently on the intraday and short term basis,
supported by the negative pressure that comes from the EMA50, waiting for visiting 1.0750
level as a next main target, pointing that breaching 1.0890 level will stop the suggested nega-
tive scenario temporarily and pushes the price to test 1.1005 level initially.
Forex -Dollar rises against yen as risk appetite sharpens
Forex -Aussie rises on strong GDP data, kiwi holds steady
Forex -Yen sours as risk appetite returns, Aussie focused on GDP
Iforex Market Insight
Date– 03– Mar
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Thursday, March 3, 2016
00:30 USD Beige Book - -
06:00 AUD Trade Balance (Jan) -3.100B -3.535B
12:30 GBP Nationwide HPI (YoY) (Feb) 5.0% 4.4%
12:30 GBP Nationwide HPI (MoM) (Feb) 0.5% 0.3%
14:00 GBP Halifax House Price Index (MoM) 0.1% 1.7%
14:00 GBP Halifax House Price Index (YoY) 10.4% 9.7%
14:30 EUR Markit Composite PMI (Feb) 52.7 52.7
14:30 EUR Services PMI (Feb) 53.0 53.0
15:00 GBP Services PMI (Feb) 55.1 55.6
15:30 EUR Retail Sales (MoM) (Jan) 0.1% 0.3%
19:00 USD Initial Jobless Claims 271K 272K
19:00 USD Nonfarm Productivity (QoQ) (Q4) -3.2% -3.0%
19:00 USD Unit Labor Costs (QoQ) (Q4) 4.7% 4.5%
20:15 USD Markit Composite PMI (Feb) - 50.1
20:15 USD Services PMI (Feb) 49.8 49.8
20:30 USD Factory Orders (MoM) (Jan) 2.0% -2.9%
20:30 USD ISM Non-Manufacturing Employment (Feb) - 52.1
20:30 USD ISM Non-Manufacturing PMI (Feb) 53.2 53.5
Iforex Market Insight
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBP/USD ABOVE 1.4040 TARGET 1.4060 1.4090 SL 1.4010
SELL GBP/USD BELOW 1.3880 TARGET 1.3860 1.3830 SL 1.3910
GBP/USD HOURLY CHART
BUY EUR/USD ABOVE 1.0890 TARGET 1.0920 1.10950 SL 1.0860
SELL EUR/USD BELOW 1.0840 TARGET 1.0820 1.0790 SL 1.0870
Date– 03- Mar
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 03 March 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– 03– Mar INTERNATIONAL CURRENCY BUZZ EUR/USD GBP/USD The pound slid to the day’s lows against the dollar on Wednesday after data showing that growth in the U.K. construction sector slowed to 10-month lows in February, on a drop in housebuilding.GBP/USD eased to 1.3932 from around 1.3945 ahead of the data.The Markit construction purchasing managers' index fell to 54.2 from January’s 55.0. Economists had ex- pected the index to tick up to 55.5.It was the slowest increase in overall construction output since April 2015.Housebuilding expanded at the slowest pace since June 2013 and construc- tion firms hired staff at the weakest rate in two-and-a-half years.The report came a day after a similar survey of the manufacturing sector, which showed that activity slumped to the low- est in almost three years in February.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was close to one-month highs at 98.48. The EURUSD pair keeps its stability below 1.0890 level, showing slight bearish bias in attempt to move away from the mentioned level, noticing that stochastic loses its positive momentum gradually approaching from the overbought levels, which represents negative factor that we wait to push on the price to continue the bearish bias in the upcoming period.Therefore, our bearish trend expectations will remain valid efficiently on the intraday and short term basis, supported by the negative pressure that comes from the EMA50, waiting for visiting 1.0750 level as a next main target, pointing that breaching 1.0890 level will stop the suggested nega- tive scenario temporarily and pushes the price to test 1.1005 level initially. Forex -Dollar rises against yen as risk appetite sharpens Forex -Aussie rises on strong GDP data, kiwi holds steady Forex -Yen sours as risk appetite returns, Aussie focused on GDP
  • 3. Iforex Market Insight Date– 03– Mar www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore ECONOMIC CALENDAR Time Cur. Event Forecast Previous Thursday, March 3, 2016 00:30 USD Beige Book - - 06:00 AUD Trade Balance (Jan) -3.100B -3.535B 12:30 GBP Nationwide HPI (YoY) (Feb) 5.0% 4.4% 12:30 GBP Nationwide HPI (MoM) (Feb) 0.5% 0.3% 14:00 GBP Halifax House Price Index (MoM) 0.1% 1.7% 14:00 GBP Halifax House Price Index (YoY) 10.4% 9.7% 14:30 EUR Markit Composite PMI (Feb) 52.7 52.7 14:30 EUR Services PMI (Feb) 53.0 53.0 15:00 GBP Services PMI (Feb) 55.1 55.6 15:30 EUR Retail Sales (MoM) (Jan) 0.1% 0.3% 19:00 USD Initial Jobless Claims 271K 272K 19:00 USD Nonfarm Productivity (QoQ) (Q4) -3.2% -3.0% 19:00 USD Unit Labor Costs (QoQ) (Q4) 4.7% 4.5% 20:15 USD Markit Composite PMI (Feb) - 50.1 20:15 USD Services PMI (Feb) 49.8 49.8 20:30 USD Factory Orders (MoM) (Jan) 2.0% -2.9% 20:30 USD ISM Non-Manufacturing Employment (Feb) - 52.1 20:30 USD ISM Non-Manufacturing PMI (Feb) 53.2 53.5
  • 4. Iforex Market Insight www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- EUR/USD HOURLY CHART BUY GBP/USD ABOVE 1.4040 TARGET 1.4060 1.4090 SL 1.4010 SELL GBP/USD BELOW 1.3880 TARGET 1.3860 1.3830 SL 1.3910 GBP/USD HOURLY CHART BUY EUR/USD ABOVE 1.0890 TARGET 1.0920 1.10950 SL 1.0860 SELL EUR/USD BELOW 1.0840 TARGET 1.0820 1.0790 SL 1.0870 Date– 03- Mar
  • 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