The document provides a market insight report on international currencies and the economic calendar. It discusses the British pound rising against the dollar after strong UK industrial output data. It also mentions the euro rising modestly against the dollar as German bond yields fell to record lows and investors reacted to comments from Janet Yellen about the possibility of a US interest rate hike. The report includes charts analyzing hourly trends for GBP/USD and EUR/USD and provides buy and sell signals. It concludes with disclaimers about the information presented.
2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date – 09– Jun
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The pound touched the day’s highs against the dollar on Wednesday after data showing that
U.K. industrial output rose at the fastest rate in nearly four years in April.GBP/USD hit highs of
1.4579 immediately following the release of the data, before pulling back to 1.4531.The Office
for National Statistics said industrial production rose 2.0% in April after a 0.3% increase in
March, the largest monthly increase since July 2012.Manufacturing output rose 2.3% after a
0.1% increase in March, in what was also the fastest monthly increase since July 2012.Output in
the pharmaceuticals sector rose 8.6% the ONS said, the biggest month gain since February
2014.The pound’s gains were held in check amid ongoing uncertainty over whether Britain will
remain in the European Union or not at a referendum on June 23.
EUR/USD inched up in cautious trade, as yields on German bunds sunk to an all-time record low
while foreign exchange traders continued to react to nebulous comments from Janet Yellen on
the possibility of a summer rate hike from the Federal Reserve.The currency pair traded between
1.1339 and 1.1380, before settling at 1.1357, up 0.02% on the session. EUR/USD has traded in a
tight range in each of the last three sessions since surging nearly 2% last Friday after disappoint-
ing U.S. employment data increased the possibility that the Fed could take a June interest rate
hike off the table. With the recent rally, the euro has nearly erased all of its losses from May's
swoon when it fell from 9-month highs versus its American counterpart.EUR/USD likely gained
support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from
May 3.
Forex - Pound touches day’s highs after UK data, gains checked
Forex - Dollar index at 5-week lows on diminished rate hike bets
Forex - Aussie edges lower, kiwi gains ground vs. greenback
4. Iforex Market Insight
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBP/USD ABOVE 1.4580 TGT 1.4600 1.4630 SL 1.4550
SELL GBP/USD BELOW 1.4500 TGT 1.4480 1.4450 SL 1.4530
v
GBP/USD HOURLY CHART
BUY EURUSD AROUND 1.1327-1330 TGT 1.1350 1.1380 SL 1.1300
SELL EUR/USD AROUND 1.1410-1.1408 TGT 1.1390 1.1360 SL 1.1440
Date – 09– Jun
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