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Iforex Market Insight
 INTERNATIONAL CURRENCY
BUZZ
 ECONOMIC CALENDAR
 GBP/USD HOURLY CHART
 EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 15 – July
INTERNATIONAL CURRENCY BUZZ
GBP/USD
EUR/USD
The euro slid lower on Tuesday as investors waited to see if the Greek parliament would support
harsh austerity measures demanded by the country’s creditors in exchange for a deal to avoid finan-
cial collapse. Greek Prime Minister Alexis Tsipras was to meet with MP's on Tuesday, but faced an up-
hill battle to win support for a third bailout deal offered by the country’s creditors. Four pieces of leg-
islation must be passed by the end of the day on Wednesday, including pension and sales tax reforms.
The prospects of a potential third bailout for Greece eased concerns over a possible exit from the
euro area and prompted investors to refocus on economic weakness in the single currency bloc, also
pressuring the euro lower. The dollar was boosted as improving U.S. economic data bolstered expec-
tations for a rate hike later this year. Federal Reserve Chair Janet Yellen said last Friday that the cen-
tral bank was on track to raise interest rates at some point this year. Investors were looking ahead to
her testimony on the semiannual monetary policy report later in the week for any further indications
on the timing of an initial rate hike.
Forex - Euro lower ahead of Greek bailout vote
Forex - NZD/USD slips lower but downside seen limited
Forex - Sterling dips as U.K. inflation rate falls back to zero
The pound jumped to session highs on Tuesday after Bank of England Governor Mark Carney said the
time for rate increases is moving closer, in testimony to the Treasury Committee in Westminster.
Sterling was boosted after BoE Governor Carney said that the central bank was moving closer to hik-
ing interest rates. "The point at which interest rates may begin to rise is moving closer with the per-
formance of the economy, consistent growth above trend, a firming in domestic costs, counter bal-
anced somewhat by disinflation imported from abroad. The remarks came after data earlier in the
day showing that that U.K. consumer prices were flat in June, falling back towards the lowest rate on
record. The Office for National Statistics said the annual rate of consumer price inflation was flat last
month, down from 0.1% in May. Analyst had expected a reading of 0.1%. Consumer prices were also
flat from a month earlier, below estimates for 0.1% increase. Core inflation, which strips out price
rises in energy, food, alcohol and tobacco slowed to 0.8%, the lowest level since March 2001 from
0.9% in May."
Iforex Market Insight
Date– 15 – July
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Wednesday, July 15, 2015
02:00 USD API Weekly Crude Oil Stock -0.958M
06:00 AUD Westpac Consumer Sentiment (Jul) -6.9%
14:00 GBP Average Earnings Index +Bonus (May) 3.3% 2.7%
14:00 GBP Claimant Count Change (Jun) -8.8K -6.5K
14:00 GBP Unemployment Rate (May) 5.5% 5.5%
18:00 USD Core PPI (MoM) (Jun) 0.1% 0.1%
18:00 USD NY Empire State Manufacturing Index (Jul) 3.00 -1.98
18:00 USD PPI (MoM) (Jun) 0.2% 0.5%
18:00 CAD Manufacturing Sales (MoM) (May) 0.4% -2.1%
18:45 USD Industrial Production (MoM) (Jun) 0.2% -0.2%
19:30 USD Fed Chair Yellen Testifies
19:30 CAD BoC Monetary Policy Report
19:30 CAD Interest Rate Decision 0.75% 0.75%
20:00 USD Crude Oil Inventories -2.067M 0.384M
20:45 CAD BoC Gov Poloz Speaks
21:55 USD FOMC Member Mester Speaks
23:30 USD Beige Book
Iforex Market Insight
Date– 15 – July
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBPUSD ABOVE 1.5655 TARGET 1.5675 1.5705 SL 1.5625
SELL GBPUSD BELOW 1.5380 TARGET 1.5360 1.5330 SL 1.5410
GBP/USD HOURLY CHART
BUY EURUSD ABOVE 1.1040 TARGET 1.1060 1.1090 SL 1.1010
SELL EURUSD BELOW 1.0970 TARGET 1.0950 1.0920 SL 1.1000
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 15 July 2015

  • 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– 15 – July INTERNATIONAL CURRENCY BUZZ GBP/USD EUR/USD The euro slid lower on Tuesday as investors waited to see if the Greek parliament would support harsh austerity measures demanded by the country’s creditors in exchange for a deal to avoid finan- cial collapse. Greek Prime Minister Alexis Tsipras was to meet with MP's on Tuesday, but faced an up- hill battle to win support for a third bailout deal offered by the country’s creditors. Four pieces of leg- islation must be passed by the end of the day on Wednesday, including pension and sales tax reforms. The prospects of a potential third bailout for Greece eased concerns over a possible exit from the euro area and prompted investors to refocus on economic weakness in the single currency bloc, also pressuring the euro lower. The dollar was boosted as improving U.S. economic data bolstered expec- tations for a rate hike later this year. Federal Reserve Chair Janet Yellen said last Friday that the cen- tral bank was on track to raise interest rates at some point this year. Investors were looking ahead to her testimony on the semiannual monetary policy report later in the week for any further indications on the timing of an initial rate hike. Forex - Euro lower ahead of Greek bailout vote Forex - NZD/USD slips lower but downside seen limited Forex - Sterling dips as U.K. inflation rate falls back to zero The pound jumped to session highs on Tuesday after Bank of England Governor Mark Carney said the time for rate increases is moving closer, in testimony to the Treasury Committee in Westminster. Sterling was boosted after BoE Governor Carney said that the central bank was moving closer to hik- ing interest rates. "The point at which interest rates may begin to rise is moving closer with the per- formance of the economy, consistent growth above trend, a firming in domestic costs, counter bal- anced somewhat by disinflation imported from abroad. The remarks came after data earlier in the day showing that that U.K. consumer prices were flat in June, falling back towards the lowest rate on record. The Office for National Statistics said the annual rate of consumer price inflation was flat last month, down from 0.1% in May. Analyst had expected a reading of 0.1%. Consumer prices were also flat from a month earlier, below estimates for 0.1% increase. Core inflation, which strips out price rises in energy, food, alcohol and tobacco slowed to 0.8%, the lowest level since March 2001 from 0.9% in May."
  • 3. Iforex Market Insight Date– 15 – July www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore ECONOMIC CALENDAR Time Cur. Event Forecast Previous Wednesday, July 15, 2015 02:00 USD API Weekly Crude Oil Stock -0.958M 06:00 AUD Westpac Consumer Sentiment (Jul) -6.9% 14:00 GBP Average Earnings Index +Bonus (May) 3.3% 2.7% 14:00 GBP Claimant Count Change (Jun) -8.8K -6.5K 14:00 GBP Unemployment Rate (May) 5.5% 5.5% 18:00 USD Core PPI (MoM) (Jun) 0.1% 0.1% 18:00 USD NY Empire State Manufacturing Index (Jul) 3.00 -1.98 18:00 USD PPI (MoM) (Jun) 0.2% 0.5% 18:00 CAD Manufacturing Sales (MoM) (May) 0.4% -2.1% 18:45 USD Industrial Production (MoM) (Jun) 0.2% -0.2% 19:30 USD Fed Chair Yellen Testifies 19:30 CAD BoC Monetary Policy Report 19:30 CAD Interest Rate Decision 0.75% 0.75% 20:00 USD Crude Oil Inventories -2.067M 0.384M 20:45 CAD BoC Gov Poloz Speaks 21:55 USD FOMC Member Mester Speaks 23:30 USD Beige Book
  • 4. Iforex Market Insight Date– 15 – July www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- EUR/USD HOURLY CHART BUY GBPUSD ABOVE 1.5655 TARGET 1.5675 1.5705 SL 1.5625 SELL GBPUSD BELOW 1.5380 TARGET 1.5360 1.5330 SL 1.5410 GBP/USD HOURLY CHART BUY EURUSD ABOVE 1.1040 TARGET 1.1060 1.1090 SL 1.1010 SELL EURUSD BELOW 1.0970 TARGET 1.0950 1.0920 SL 1.1000
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