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Iforex Market Insight
ï‚· INTERNATIONAL CURRENCY
BUZZ
ï‚· ECONOMIC CALENDAR
ï‚· GBP/USD HOURLY CHART
ï‚· EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date –26– Aug
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
GBP/USD is currently trading with a bearish bias. Yesterday, the pair traded short as previ-
ously forecasted but is yet to reach our target support level 1.3134. During this intraday,
we expect a possible bearish price movements towards our previously set target o even
lower. The current upward rally is a mere retracement and should not go beyond 1.3230, a
clear breakout above this level may invalidate the anticipated downward rally. This pair
should be traded alongside GBPCAD, GBP/NZD and GBP/JPY. These pairs have a strong
positive correlation of up to +0.92 and will have a similar price action during this intraday.
The euro was moderately higher against the U.S. dollar on Thursday, despite the release of
downbeat data from Germany, as sentiment on the greenback remained fragile ahead of a
speech by Federal Reserve Chair Janet Yellen due on Friday.EUR/USD hit 1.1280 during
European morning trade, the session high; the pair subsequently consolidated at 1.1272,
up 0.08%.The pair was likely to find support at 1.1239, the low of August 17 and resistance
at 1.1316, Wednesday’s high.Data earlier showed that the German Ifo Business Climate In-
dex fell to 106.2 this month from a reading of 108.3 in July, missing forecasts for a rise to
108.5.
Forex - EUR/USD moderately higher despite weak Ifo data
Forex - Aussie, kiwi move higher ahead of Yellen speech
Forex - Yen trends weaker after corporate services, PBOC jawbones banks
Iforex Market Insight
Date – 26– Aug
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Friday, August 26, 2016
00:30 BRL CAGED Net Payroll Jobs (Jul) -88.00K -91.00K
05:00 JPY National Core CPI (YoY) (Jul) -0.4% -0.5%
05:00 JPY Tokyo Core CPI (YoY) (Aug) -0.3% -0.4%
11:00 EUR French GDP (QoQ) (Q2) 0.0% 0.0%
11:30 EUR GfK German Consumer Climate (Sep) 9.9 10.0
14:00 GBP Business Investment (QoQ) (Q2) -0.9% -0.6%
14:00 GBP GDP (QoQ) (Q2) 0.6% 0.6%
14:00 GBP GDP (YoY) (Q2) 2.2% 2.2%
17:30 USD Jackson Hole Symposium
18:00 USD GDP (QoQ) (Q2) 1.1% 1.2%
18:00 USD GDP Price Index (QoQ) (Q2) 2.2% 2.2%
18:00 USD Goods Trade Balance (Jul) -62.30B -63.30B
19:30 USD Fed Chair Yellen Speaks
19:30 USD Michigan Consumer Expectations (Aug) 81.0 80.3
19:30 USD Michigan Consumer Sentiment (Aug) 90.6 90.4
22:30 USD Baker Hughes U.S. Rig Count
Iforex Market Insight
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBPUSD ABOVE 1.3245 TGT 1.3265 1.3295 SL 1.3215
SELL GBPUSD BELOW 1.3160 TGT 1.3140 1.3110 SL 1.3190
GBP/USD HOURLY CHART
BUY EUR/USD ABOVE 1.1300 TGT 1.1320 1.1350 SL 1.1270
SELL EUR/USD BELOW 1.1245 TGT 1.1225 1.1195 SL 1.1215
Date – 26– Aug
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 i forex report 26 aug 2016

  • 1. Iforex Market Insight ï‚· INTERNATIONAL CURRENCY BUZZ ï‚· ECONOMIC CALENDAR ï‚· GBP/USD HOURLY CHART ï‚· EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
  • 2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- Iforex Market Insight Date –26– Aug INTERNATIONAL CURRENCY BUZZ EUR/USD GBP/USD GBP/USD is currently trading with a bearish bias. Yesterday, the pair traded short as previ- ously forecasted but is yet to reach our target support level 1.3134. During this intraday, we expect a possible bearish price movements towards our previously set target o even lower. The current upward rally is a mere retracement and should not go beyond 1.3230, a clear breakout above this level may invalidate the anticipated downward rally. This pair should be traded alongside GBPCAD, GBP/NZD and GBP/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday. The euro was moderately higher against the U.S. dollar on Thursday, despite the release of downbeat data from Germany, as sentiment on the greenback remained fragile ahead of a speech by Federal Reserve Chair Janet Yellen due on Friday.EUR/USD hit 1.1280 during European morning trade, the session high; the pair subsequently consolidated at 1.1272, up 0.08%.The pair was likely to find support at 1.1239, the low of August 17 and resistance at 1.1316, Wednesday’s high.Data earlier showed that the German Ifo Business Climate In- dex fell to 106.2 this month from a reading of 108.3 in July, missing forecasts for a rise to 108.5. Forex - EUR/USD moderately higher despite weak Ifo data Forex - Aussie, kiwi move higher ahead of Yellen speech Forex - Yen trends weaker after corporate services, PBOC jawbones banks
  • 3. Iforex Market Insight Date – 26– Aug www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore ECONOMIC CALENDAR Time Cur. Event Forecast Previous Friday, August 26, 2016 00:30 BRL CAGED Net Payroll Jobs (Jul) -88.00K -91.00K 05:00 JPY National Core CPI (YoY) (Jul) -0.4% -0.5% 05:00 JPY Tokyo Core CPI (YoY) (Aug) -0.3% -0.4% 11:00 EUR French GDP (QoQ) (Q2) 0.0% 0.0% 11:30 EUR GfK German Consumer Climate (Sep) 9.9 10.0 14:00 GBP Business Investment (QoQ) (Q2) -0.9% -0.6% 14:00 GBP GDP (QoQ) (Q2) 0.6% 0.6% 14:00 GBP GDP (YoY) (Q2) 2.2% 2.2% 17:30 USD Jackson Hole Symposium 18:00 USD GDP (QoQ) (Q2) 1.1% 1.2% 18:00 USD GDP Price Index (QoQ) (Q2) 2.2% 2.2% 18:00 USD Goods Trade Balance (Jul) -62.30B -63.30B 19:30 USD Fed Chair Yellen Speaks 19:30 USD Michigan Consumer Expectations (Aug) 81.0 80.3 19:30 USD Michigan Consumer Sentiment (Aug) 90.6 90.4 22:30 USD Baker Hughes U.S. Rig Count
  • 4. Iforex Market Insight www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- EUR/USD HOURLY CHART BUY GBPUSD ABOVE 1.3245 TGT 1.3265 1.3295 SL 1.3215 SELL GBPUSD BELOW 1.3160 TGT 1.3140 1.3110 SL 1.3190 GBP/USD HOURLY CHART BUY EUR/USD ABOVE 1.1300 TGT 1.1320 1.1350 SL 1.1270 SELL EUR/USD BELOW 1.1245 TGT 1.1225 1.1195 SL 1.1215 Date – 26– Aug
  • 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