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Iforex Market Insight
 INTERNATIONAL CURRENCY
BUZZ
 ECONOMIC CALENDAR
 GBP/USD HOURLY CHART
 EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE
The euro rose to one-and-a-half week highs against the U.S. dollar on Friday, as hopes that a deal will be reached
between Greece and its creditors before the end of the weekend lifted the single currency. EUR/USD hit 1.1132
during Euro ean morning trade, the pair's highest since July 1; the pair subsequently consolidated at 1.1114, ad-
vancing 0.70%. The pair was likely to find support at .0991, Thursday's low and resistance at 1.1171, the high of
July 1. Greece offered to make painful spending cuts and hike taxes late Thursday, in a last-ditch request to win
one more bailout from Europe before the country descends into bankruptcy. Athens was seeking at least €50
billion over the next three years. In exchange, the government presented a number of austerity measures that
were said to total between €12 billion and €13 billion - significantly more than Greece’s previous commit-
ments.The move brought Greece one step closer to a deal with its European creditors, who plan to make a final
decision Sunday about whether to grant the country additional emergency loans. The euro was also higher
against the pound, with EUR/GBP climbing 0.50% to 0.7212.
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 13 – July
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The pound rose against the U.S. dollar on Friday, after data showed that the U.K. trade deficit narrowed unex-
pectedly in May and as hopes for a Greek debt deal lent support to riskier assets. GBP/USD hit 1.5455 during
European morning trade, the pair's highest since Wednesday; the pair subsequently consolidated at 1.5450, gain-
ing 0.47%. Cable was likely to find support at 1.5327, the low of July 8 and resistance at 1.5554, the high of June
10. The U.K. Office for National Statistics reported on Friday that the trade deficit narrowed to £8.00 billion in
May from £9.39 billion in April, whose figure was revised from a previously estimated deficit of £8.56 billion. Ana-
lysts had expected the trade deficit to widen to £9.70 billion in May. At the same time, market sentiment im-
proved after Greece offered to make painful spending cuts and hike taxes late Thursday, in a last-ditch request to
win one more bailout from Europe before the country descends into bankruptcy. Athens was seeking at least €50
billion over the next three years. In exchange, the government presented a number of austerity measures that
were said to total between €12 billion and €13 billion - significantly more than Greece’s previous commitments.
Sterling was lower against the euro, with EUR/GBP adding 0.18% to 0.7189.
Forex - Euro holds onto gains in Asia as bailout talks head to wire
Forex - Dollar rises off 1-1/2 month lows against softer yen
Forex - GBP/USD remains moderately higher after BoE hold
Iforex Market Insight
Date– 13 – July
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Monday, July 13, 2015
07:55 CNY Exports (YoY) (Jun) -0.2% -2.5%
07:55 CNY Imports (YoY) (Jun) -15.0% -17.6%
07:55 CNY Trade Balance (Jun) 55.70B 59.49B
10:00 JPY Industrial Production (MoM) (May) -2.2%
17:30 INR CPI (YoY) (Jun) 5.10% 5.01%
18:30 EUR Eurogroup Meetings
23:30 USD Federal Budget Balance (Jun) 40.0B -82.4B
Iforex Market Insight
Date– 13 – July
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBPUSD ABOVE 1.5540 TARGET 1.5560 1.5590 SL 1.5510
SELL GBPUSD BELOW 1.5348 TARGET 1.5328 1.5298 SL 1.5378
GBP/USD HOURLY CHART
BUY EURUSD ABOVE 1.1215 TARGET 1.1235 1.1265 SL 1.1185
SELL EURUSD BELOW 1.1130 TARGET 1.1110 1.1080 SL 1.1160
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

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Epic Research Singapore : - Daily IForex Report of 13 July 2015

  • 1. Iforex Market Insight  INTERNATIONAL CURRENCY BUZZ  ECONOMIC CALENDAR  GBP/USD HOURLY CHART  EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
  • 2. The euro rose to one-and-a-half week highs against the U.S. dollar on Friday, as hopes that a deal will be reached between Greece and its creditors before the end of the weekend lifted the single currency. EUR/USD hit 1.1132 during Euro ean morning trade, the pair's highest since July 1; the pair subsequently consolidated at 1.1114, ad- vancing 0.70%. The pair was likely to find support at .0991, Thursday's low and resistance at 1.1171, the high of July 1. Greece offered to make painful spending cuts and hike taxes late Thursday, in a last-ditch request to win one more bailout from Europe before the country descends into bankruptcy. Athens was seeking at least €50 billion over the next three years. In exchange, the government presented a number of austerity measures that were said to total between €12 billion and €13 billion - significantly more than Greece’s previous commit- ments.The move brought Greece one step closer to a deal with its European creditors, who plan to make a final decision Sunday about whether to grant the country additional emergency loans. The euro was also higher against the pound, with EUR/GBP climbing 0.50% to 0.7212. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- Iforex Market Insight Date– 13 – July INTERNATIONAL CURRENCY BUZZ EUR/USD GBP/USD The pound rose against the U.S. dollar on Friday, after data showed that the U.K. trade deficit narrowed unex- pectedly in May and as hopes for a Greek debt deal lent support to riskier assets. GBP/USD hit 1.5455 during European morning trade, the pair's highest since Wednesday; the pair subsequently consolidated at 1.5450, gain- ing 0.47%. Cable was likely to find support at 1.5327, the low of July 8 and resistance at 1.5554, the high of June 10. The U.K. Office for National Statistics reported on Friday that the trade deficit narrowed to £8.00 billion in May from £9.39 billion in April, whose figure was revised from a previously estimated deficit of £8.56 billion. Ana- lysts had expected the trade deficit to widen to £9.70 billion in May. At the same time, market sentiment im- proved after Greece offered to make painful spending cuts and hike taxes late Thursday, in a last-ditch request to win one more bailout from Europe before the country descends into bankruptcy. Athens was seeking at least €50 billion over the next three years. In exchange, the government presented a number of austerity measures that were said to total between €12 billion and €13 billion - significantly more than Greece’s previous commitments. Sterling was lower against the euro, with EUR/GBP adding 0.18% to 0.7189. Forex - Euro holds onto gains in Asia as bailout talks head to wire Forex - Dollar rises off 1-1/2 month lows against softer yen Forex - GBP/USD remains moderately higher after BoE hold
  • 3. Iforex Market Insight Date– 13 – July www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore ECONOMIC CALENDAR Time Cur. Event Forecast Previous Monday, July 13, 2015 07:55 CNY Exports (YoY) (Jun) -0.2% -2.5% 07:55 CNY Imports (YoY) (Jun) -15.0% -17.6% 07:55 CNY Trade Balance (Jun) 55.70B 59.49B 10:00 JPY Industrial Production (MoM) (May) -2.2% 17:30 INR CPI (YoY) (Jun) 5.10% 5.01% 18:30 EUR Eurogroup Meetings 23:30 USD Federal Budget Balance (Jun) 40.0B -82.4B
  • 4. Iforex Market Insight Date– 13 – July www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- EUR/USD HOURLY CHART BUY GBPUSD ABOVE 1.5540 TARGET 1.5560 1.5590 SL 1.5510 SELL GBPUSD BELOW 1.5348 TARGET 1.5328 1.5298 SL 1.5378 GBP/USD HOURLY CHART BUY EURUSD ABOVE 1.1215 TARGET 1.1235 1.1265 SL 1.1185 SELL EURUSD BELOW 1.1130 TARGET 1.1110 1.1080 SL 1.1160
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