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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€“ 25โ€“ Apr
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The initial upside momentum in GBP/USD seems to have run out of steam near 1.4370,
prompting the current correction to the 1.4350/45 band.GBP/USD weekly upside capped
at 1.4440.Spot is so far recovering from two consecutive retracements after climbing as
high as the area of 1.4440 on Thursday, or weekly peaks.The pair, however, is advancing
for the second consecutive week with gains so far limited near 1.4430, where is located
the 20-day sma, amidst alleviated fears on a โ€˜Brexitโ€™ scenario and rising rumours of some
sort of slowing in the UK economy.Nothing in the UK data space today, whereas Markitโ€™s
flash manufacturing PMI is only due across the pond.
The EUR/USD pair showed mixed trading yesterday affected by the ECB president press
conference that followed the Euro rate decision that remained unchanged, as the price ap-
proached from the key resistance 1.1420, but it bounced downwards quickly to settle near
1.1264 support, and as long as the price is above this level, our positive overview will re-
main valid for the upcoming period, supported by stochastic move near the oversold ar-
eas.Therefore, we are waiting positive trading on the intraday and short term basis, and
breaching 1.1420 level will ease the mission of heading towards 1.1494 followed by 1.1700
levels, noting that it is important to hold above 1.1264 and 1.1245 levels to achieve the
suggested targets.
Forex - Dollar holds steady vs. euro, advances against yen
Forex - Euro steadies after sinking on ECB's Draghi comments
Forex- Yen sinks on report of Bank of Japan stimulus expansion
Iforex Market Insight
Date - 25โ€“ Apr
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Monday, April 25, 2016
All Day Holiday Australia - ANZAC Day
All Day Holiday New Zealand - ANZAC Day
05:20 JPY Corporate Services Price Index (CSPI) (YoY) 0.2% 0.2%
09:30 MYR Unemployment Rate 3.4%
10:30 JPY Leading Index 99.8
19:30 USD New Home Sales (Mar) 520K 512K
20:00 USD Dallas Fed Mfg Business Index (Apr) -13.6
Iforex Market Insight
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBP USD ABOVE 1.4425 TARGET 1.4445 1.4475 sl 1.4395
SELL GBP USD BELOW 1.4400 TARGET 1.4380 1.4350 SL 1.4430
GBP/USD HOURLY CHART
BUY EUR USD ABOVE 1.1240 TARGET 1.1260 1.1290 SL 1.1210
SELL EUR USD BELOW 1.1220 TARGET 1.1200 1.1170 SL 1.1250
Date - 25- Apr
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 25 April 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€“ 25โ€“ Apr INTERNATIONAL CURRENCY BUZZ EUR/USD GBP/USD The initial upside momentum in GBP/USD seems to have run out of steam near 1.4370, prompting the current correction to the 1.4350/45 band.GBP/USD weekly upside capped at 1.4440.Spot is so far recovering from two consecutive retracements after climbing as high as the area of 1.4440 on Thursday, or weekly peaks.The pair, however, is advancing for the second consecutive week with gains so far limited near 1.4430, where is located the 20-day sma, amidst alleviated fears on a โ€˜Brexitโ€™ scenario and rising rumours of some sort of slowing in the UK economy.Nothing in the UK data space today, whereas Markitโ€™s flash manufacturing PMI is only due across the pond. The EUR/USD pair showed mixed trading yesterday affected by the ECB president press conference that followed the Euro rate decision that remained unchanged, as the price ap- proached from the key resistance 1.1420, but it bounced downwards quickly to settle near 1.1264 support, and as long as the price is above this level, our positive overview will re- main valid for the upcoming period, supported by stochastic move near the oversold ar- eas.Therefore, we are waiting positive trading on the intraday and short term basis, and breaching 1.1420 level will ease the mission of heading towards 1.1494 followed by 1.1700 levels, noting that it is important to hold above 1.1264 and 1.1245 levels to achieve the suggested targets. Forex - Dollar holds steady vs. euro, advances against yen Forex - Euro steadies after sinking on ECB's Draghi comments Forex- Yen sinks on report of Bank of Japan stimulus expansion
  • 3. Iforex Market Insight Date - 25โ€“ Apr www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore ECONOMIC CALENDAR Time Cur. Event Forecast Previous Monday, April 25, 2016 All Day Holiday Australia - ANZAC Day All Day Holiday New Zealand - ANZAC Day 05:20 JPY Corporate Services Price Index (CSPI) (YoY) 0.2% 0.2% 09:30 MYR Unemployment Rate 3.4% 10:30 JPY Leading Index 99.8 19:30 USD New Home Sales (Mar) 520K 512K 20:00 USD Dallas Fed Mfg Business Index (Apr) -13.6
  • 4. Iforex Market Insight www.epicresearch.sgIforex Market Insight Report By Epic Research Singa- EUR/USD HOURLY CHART BUY GBP USD ABOVE 1.4425 TARGET 1.4445 1.4475 sl 1.4395 SELL GBP USD BELOW 1.4400 TARGET 1.4380 1.4350 SL 1.4430 GBP/USD HOURLY CHART BUY EUR USD ABOVE 1.1240 TARGET 1.1260 1.1290 SL 1.1210 SELL EUR USD BELOW 1.1220 TARGET 1.1200 1.1170 SL 1.1250 Date - 25- Apr
  • 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