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Iforex Market Insight
๏‚ท INTERNATIONAL CURRENCY
BUZZ
๏‚ท ECONOMIC CALENDAR
๏‚ท GBP/USD HOURLY CHART
๏‚ท EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date โ€“ 10โ€“ May
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The GBP/USD pair trades around a flat-line in early Europe, falling every attempt to take-out
1.4450 levels, as a lack of fresh fundamental drivers fails to aid the recovery from near 1.44 han-
dle.The GBP/USD pair trades modestly flat at 1.4426, reversing a spike to 1.4440 levels. The ca-
ble fails to sustain at higher levels and reverts in the red zone on the back of a broadly higher US
dollar, with markets having largely shrugged-off weak US employment report. The USD index
trades +0.05% higher at 93.90 levels.The GBP/USD pair consolidates near ten-day lows, although
holds 1.44 handle, having found some respite from rallying oil prices on mounting Canadian
wildfire induced supply disruption worries. Nothing of note for the major in the day ahead ex-
cept for the second-liner data in the UK Halifax HPI and US labour market conditions report.
The shared currency keeps its recovery mode intact against its American counterpart in late-Asia,
taking EUR/USD above 1.14 handle.EUR/USD trades modestly flat at fresh session highs of
1.1411, making another attempt towards 1.15 handle. The main currency is seen consolidating
the downside as dust settles over the NFP aftermath, with the major catching fresh bid tone in
recent dealings amid broad based US dollar retreat.The greenback wiped-out gains against its
major competitors and now trades muted, underpinning the recovery in EUR/USD. Moreover,
mixed market sentiment amid higher oil prices and subdued Asian equities also lifts the safe-
haven bids for the EUR.Meanwhile, focus turns towards the German factory orders data amid a
data-dry trading calendar today. Besides the Euro group meetings will be closely watched for any
news on EU referendum ahead of the US LMCI release.
Forex - Dollar hits 2-week high vs. yen on intervention warning
Forex -Yen hits 10-day low on intervention warning
Forex-Dollar pushes higher against yen, euro steady
Iforex Market Insight
Date - 10โ€“ May
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Tuesday, May 10, 2016
04:15 NZD Electronic Card Retail Sales (MoM) (Apr) 0.5% 0.1%
04:31 GBP BRC Retail Sales Monitor (YoY) (Apr) -0.7%
11:15 CHF Unemployment Rate n.s.a. (Apr) 3.6% 3.6%
11:15 CHF Unemployment Rate s.a. (Apr) 3.5% 3.5%
12:45 USD FOMC Member Dudley Speaks
14:00 GBP Trade Balance (Mar) -11.30B -11.96B
14:00 GBP Trade Balance Non-EU (Mar) -3.50B -3.36B
19:30 USD JOLTs Job Openings (Mar) 5.555M 5.445M
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 1.1430 TARGET 1.1450 1.1480 SL 1.1400
SELL EURUSD AROUND 1.1370 TARGET 1.1340 1.1300 SL 1.1395
Date - 10โ€“ May
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 IForex Report of 10 May 2016

  • 1. Iforex Market Insight ๏‚ท INTERNATIONAL CURRENCY BUZZ ๏‚ท ECONOMIC CALENDAR ๏‚ท GBP/USD HOURLY CHART ๏‚ท EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
  • 2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- Iforex Market Insight Date โ€“ 10โ€“ May INTERNATIONAL CURRENCY BUZZ EUR/USD GBP/USD The GBP/USD pair trades around a flat-line in early Europe, falling every attempt to take-out 1.4450 levels, as a lack of fresh fundamental drivers fails to aid the recovery from near 1.44 han- dle.The GBP/USD pair trades modestly flat at 1.4426, reversing a spike to 1.4440 levels. The ca- ble fails to sustain at higher levels and reverts in the red zone on the back of a broadly higher US dollar, with markets having largely shrugged-off weak US employment report. The USD index trades +0.05% higher at 93.90 levels.The GBP/USD pair consolidates near ten-day lows, although holds 1.44 handle, having found some respite from rallying oil prices on mounting Canadian wildfire induced supply disruption worries. Nothing of note for the major in the day ahead ex- cept for the second-liner data in the UK Halifax HPI and US labour market conditions report. The shared currency keeps its recovery mode intact against its American counterpart in late-Asia, taking EUR/USD above 1.14 handle.EUR/USD trades modestly flat at fresh session highs of 1.1411, making another attempt towards 1.15 handle. The main currency is seen consolidating the downside as dust settles over the NFP aftermath, with the major catching fresh bid tone in recent dealings amid broad based US dollar retreat.The greenback wiped-out gains against its major competitors and now trades muted, underpinning the recovery in EUR/USD. Moreover, mixed market sentiment amid higher oil prices and subdued Asian equities also lifts the safe- haven bids for the EUR.Meanwhile, focus turns towards the German factory orders data amid a data-dry trading calendar today. Besides the Euro group meetings will be closely watched for any news on EU referendum ahead of the US LMCI release. Forex - Dollar hits 2-week high vs. yen on intervention warning Forex -Yen hits 10-day low on intervention warning Forex-Dollar pushes higher against yen, euro steady
  • 3. Iforex Market Insight Date - 10โ€“ May www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore ECONOMIC CALENDAR Time Cur. Event Forecast Previous Tuesday, May 10, 2016 04:15 NZD Electronic Card Retail Sales (MoM) (Apr) 0.5% 0.1% 04:31 GBP BRC Retail Sales Monitor (YoY) (Apr) -0.7% 11:15 CHF Unemployment Rate n.s.a. (Apr) 3.6% 3.6% 11:15 CHF Unemployment Rate s.a. (Apr) 3.5% 3.5% 12:45 USD FOMC Member Dudley Speaks 14:00 GBP Trade Balance (Mar) -11.30B -11.96B 14:00 GBP Trade Balance Non-EU (Mar) -3.50B -3.36B 19:30 USD JOLTs Job Openings (Mar) 5.555M 5.445M
  • 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 1.1430 TARGET 1.1450 1.1480 SL 1.1400 SELL EURUSD AROUND 1.1370 TARGET 1.1340 1.1300 SL 1.1395 Date - 10โ€“ May
  • 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