This document provides a market insight report on international currencies and the forex market from Epic Research Singapore. It includes the following: - Analysis of currency pairs GBP/USD and EUR/USD, noting recent trading patterns and near-term outlook. Technical indicators are cited for potential buy and sell points. - A economic calendar listing upcoming economic data releases and events that could impact currencies. - Hourly charts of GBP/USD and EUR/USD with technical analysis and recommendations for buy and sell levels. - Disclaimers about the information provided and recommendations made in the report.

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 – 11– May
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
GBP/USD is currently trading with a bearish bias. Yesterday, the pair traded short but
could not close below 1.4406. Since the intraday stochastic is trading below its neutrality
level of 50 and is headed towards 25. We expect the cable to continue to the lower side
but should not go below 1.4106. However, as long as the price keeps being rejected at
1.44061 the price may rally to the upper side but should not go above 1.46637. This pair
should be traded alongside AUD/JPY, GBP/CHF, EUR/USD, and NZD/USD. These pairs have
a strong positive correlation of up to +0.98 and will likely move in a similar direction dur-
ing this intraday. Only buy or sell the cable if the other pairs are giving the same signal.
The pair is extending its sideline theme around the 1.1400 handle for the time being
amidst lack of of relevant drivers and scarce volatility. In the meantime, the upside in the
greenback seems to have lost some vigour during the European morning, although it re-
mains in the upper end of the recent range when tracked by the US Dollar Index.In the
data space, German trade surplus has surpassed estimates in March, while Industrial Pro-
duction has contracted more than initially expected during the same period.Across the
pond, US NFIB Business Optimism index is due followed by the API’s weekly report on US
crude stockpiles.
Forex - Yen dips near two-week lows after Japan's verbal warnings
Forex -Dollar moves higher against yen on intervention talk
Forex-Australia, NZ dlrs near multi-week lows on weak commodities, China

3. Iforex Market Insight
Date - 11– May
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Wednesday, May 11, 2016
02:05 USD API Weekly Crude Oil Stock 1.265M
02:05 USD API Weekly Cushing Crude Oil Stock 0.382M
02:35 NZD RBNZ Gov Wheeler Speaks
06:00 AUD Westpac Consumer Sentiment (May) -4.0%
06:40 NZD RBNZ Gov Wheeler Speaks
07:00 AUD Home Loans (MoM) (Mar) -1.5% 1.5%
14:00 GBP Industrial Production (MoM) (Mar) 0.5% -0.3%
14:00 GBP Manufacturing Production (MoM) (Mar) 0.3% -1.1%
19:30 GBP NIESR GDP Estimate 0.3%
20:00 USD Crude Oil Inventories 0.500M 2.784M
20:00 USD Cushing Crude Oil Inventories 0.243M
22:00 EUR ECB's Nowotny Speaks
23:30 USD Federal Budget Balance (Apr) 100.0B -108.0B

4. Iforex Market Insight
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
c
BUY GBPUSD AROUND 1.4380 TARGET 1.4420 1.4480 SL 1.4350
SELL GBPUSD AROUND 1.4510-1.4520 TARGET 1.4460 1.4400 SL 1.4540
GBP/USD HOURLY CHART
BUY EURUSD AROUND 1.1305 TARGET 1.1340 1.1380 SL 1.1290
SELL EURUSD AROUND 1.1370 TARGET 1.1340 1.1300 SL 1.1395
Date - 11– May

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