The document provides a market insight report on international currencies and the EUR/USD and GBP/USD exchange rates from Epic Research Singapore dated September 5. It includes commentary on the US dollar being mostly unchanged against other major currencies as investors awaited a US employment report. The GBP/USD rate held near one-month highs after upbeat UK construction data. The report also includes economic calendar events and hourly charts with buy and sell recommendations for EUR/USD and GBP/USD.
2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date –05– Sep
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The dollar was mostly unchanged against other major currencies on Friday, as inves-
tors remained cautious ahead of a highly-anticipated U.S. employment report amid
growing speculation over a near-term rate hike by the Federal Reserve. EUR/USD
held steady at 1.1196. The greenback had weakened after the Institute for Supply
Management said on Thursday that its manufacturing activity index dropped to 49.4
last month from July’s reading of 52.6. It was the worst reading since January and
missed expectations for a slight drop to 52.0.
The pound held steady near one-month highs against the U.S. dollar on Friday, after
the release of upbeat U.K. construction data, as investors remained cautious ahead
of a highly-anticipated U.S. employment report due later in the day. GBP/USD hit
1.3293 during European morning trade, the session high; the pair subsequently con-
solidated at 1.3275. Cable was likely to find support at 1.3123, Thursday’s low and re-
sistance at 1.3372, the high of August 3. Research group Markit said on Friday thats
its U.K. construction purchasing managers’ index rose to 49.2 in August from 45.9 the
previous month, beating expectations for an increase to 46.1.The data came a day af-
ter Markit said its U.K. manufacturing PMI rose to a 10-month high of 53.3 this
month from a reading of 48.2 in July.
Forex - GBP/USD holds near one-month highs after U.K. PMI
Forex - Yen weaker as eyes turn to U.S. jobs, G-20 summit
Forex - Aussie, yen nearly flat in Asia as U.S. nonfarm payrolls awaited
3. Iforex Market Insight
Date – 05– Sep
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Monday, September 5, 2016
All Day Holiday India - Ganesh Chaturthi
All Day Holiday United States - Labor Day
07:00 AUD Company Gross Operating Profits (QoQ) (Q2) -4.7%
13:30 EUR Markit Composite PMI (Aug) 53.3 53.3
13:30 EUR Services PMI (Aug) 53.1 53.1
14:00 GBP Manufacturing PMI (Aug) 48.2
14:00 GBP Services PMI (Aug) 47.4
14:30 EUR Retail Sales (MoM) (Jul) 0.4% 0.0%
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