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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 –07– July
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The pound bounced off fresh 31-year lows against the U.S. dollar on Wednesday, but still re-
mained below the $1.30 threshold amid mounting concerns over the effects of the Brexit vote
on the British economy.GBP/USD hit 1.2797 during European morning trade, a fresh 31-year low;
the pair subsequently consolidated at 1.2937, down 0.64%.The pound came under broad selling
pressure after the Bank of England warned on Tuesday of “challenging” risks to financial stability
following the Brexit vote and eased regulatory requirements on the banking sector.BoE Gover-
nor Mark Carney said the move represented a "major change" that would help the economy to
cope with the Brexit consequences.In its bi-annual financial stability report, the BoE said the
risks it had feared ahead of the Brexit poll had started to materialise, as sterling plunged to 31-
year lows and as financial stocks tumbled 20%.
EUR/USD is showing little movement on Wednesday, following losses in the Tuesday session. The
pair is trading at 1.1060. On the release front, German Factory Orders disappointed with a flat
reading of 0.0%, shy of the estimate of 1.0%. The US will release ISM Non-Manufacturing PMI,
with the estimate standing at 53.3 points. The spotlight will be on the central banks, as ECB Presi-
dent Mario Draghi addresses an ECB event in Frankfurt, while the Federal Reserve will release the
minutes of its June policy meeting. On Thursday, employment numbers will be in focus, with the
release of ADP Nonfarm Employment Change and Unemployment Claims.
Forex - Pound off fresh 31-year lows but below $1.30
Forex - Aussie and kiwi move lower as Brexit fears persist
Forex - Pound drops over 1% in Asia on Brexit views, yen soars
Iforex Market Insight
Date – 07– July
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Thursday, July 7, 2016
All Day Holiday Malaysia - Hari Raya Puasa
06:00 JPY BoJ Governor Kuroda Speaks
12:45 CHF CPI (MoM) (Jun) 0.1% 0.1%
13:00 GBP Halifax House Price Index (MoM) (Jun) 0.4% 0.6%
13:00 GBP Halifax House Price Index (YoY) (Jun) 7.7% 9.2%
14:00 GBP Industrial Production (MoM) (May) -1.0% 2.0%
14:00 GBP Manufacturing Production (MoM) (May) -1.0% 2.3%
17:00 EUR
ECB Publishes Account of Monetary Policy Meet-
ing
17:45 USD ADP Nonfarm Employment Change (Jun) 159K 173K
18:00 USD Initial Jobless Claims 270K 268K
19:30 GBP NIESR GDP Estimate 0.5%
20:30 USD Crude Oil Inventories -2.500M -4.053M
20:30 USD Cushing Crude Oil Inventories -0.951M
Iforex Market Insight
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBPUSD ABOVE 1.3000 TGT 1.3020 1.3050 SL 1.2970
SELL GBPUSD AROUND 1.3196 TGT 1.3176 1.3146 SL 1.3226
GBP/USD HOURLY CHART
BUY EURUSD AROUND 1.1080 TGT 1.1100 1.1130 SL 1.1050
SELL EURUSD BELOW 1.1040 TGT 1.1010 1.0980 SL 1.1070
Date – 07– July
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 IForex Report of 07 July 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 –07– July INTERNATIONAL CURRENCY BUZZ EUR/USD GBP/USD The pound bounced off fresh 31-year lows against the U.S. dollar on Wednesday, but still re- mained below the $1.30 threshold amid mounting concerns over the effects of the Brexit vote on the British economy.GBP/USD hit 1.2797 during European morning trade, a fresh 31-year low; the pair subsequently consolidated at 1.2937, down 0.64%.The pound came under broad selling pressure after the Bank of England warned on Tuesday of “challenging” risks to financial stability following the Brexit vote and eased regulatory requirements on the banking sector.BoE Gover- nor Mark Carney said the move represented a "major change" that would help the economy to cope with the Brexit consequences.In its bi-annual financial stability report, the BoE said the risks it had feared ahead of the Brexit poll had started to materialise, as sterling plunged to 31- year lows and as financial stocks tumbled 20%. EUR/USD is showing little movement on Wednesday, following losses in the Tuesday session. The pair is trading at 1.1060. On the release front, German Factory Orders disappointed with a flat reading of 0.0%, shy of the estimate of 1.0%. The US will release ISM Non-Manufacturing PMI, with the estimate standing at 53.3 points. The spotlight will be on the central banks, as ECB Presi- dent Mario Draghi addresses an ECB event in Frankfurt, while the Federal Reserve will release the minutes of its June policy meeting. On Thursday, employment numbers will be in focus, with the release of ADP Nonfarm Employment Change and Unemployment Claims. Forex - Pound off fresh 31-year lows but below $1.30 Forex - Aussie and kiwi move lower as Brexit fears persist Forex - Pound drops over 1% in Asia on Brexit views, yen soars
  • 3. Iforex Market Insight Date – 07– July www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore ECONOMIC CALENDAR Time Cur. Event Forecast Previous Thursday, July 7, 2016 All Day Holiday Malaysia - Hari Raya Puasa 06:00 JPY BoJ Governor Kuroda Speaks 12:45 CHF CPI (MoM) (Jun) 0.1% 0.1% 13:00 GBP Halifax House Price Index (MoM) (Jun) 0.4% 0.6% 13:00 GBP Halifax House Price Index (YoY) (Jun) 7.7% 9.2% 14:00 GBP Industrial Production (MoM) (May) -1.0% 2.0% 14:00 GBP Manufacturing Production (MoM) (May) -1.0% 2.3% 17:00 EUR ECB Publishes Account of Monetary Policy Meet- ing 17:45 USD ADP Nonfarm Employment Change (Jun) 159K 173K 18:00 USD Initial Jobless Claims 270K 268K 19:30 GBP NIESR GDP Estimate 0.5% 20:30 USD Crude Oil Inventories -2.500M -4.053M 20:30 USD Cushing Crude Oil Inventories -0.951M
  • 4. Iforex Market Insight www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- EUR/USD HOURLY CHART BUY GBPUSD ABOVE 1.3000 TGT 1.3020 1.3050 SL 1.2970 SELL GBPUSD AROUND 1.3196 TGT 1.3176 1.3146 SL 1.3226 GBP/USD HOURLY CHART BUY EURUSD AROUND 1.1080 TGT 1.1100 1.1130 SL 1.1050 SELL EURUSD BELOW 1.1040 TGT 1.1010 1.0980 SL 1.1070 Date – 07– July
  • 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