This document provides a market insight report on international currencies and the economic calendar from Epic Research Singapore. It includes the following: - Analysis of the EUR/USD and GBP/USD currency pairs, noting support and resistance levels. The EUR/USD is aiming lower but the trading range is small. - Summaries of international currency buzz, including the GBP holding near 1.5 month lows and UK and Swiss GDP expanding as expected. - The upcoming economic calendar for the day, including data from Australia, New Zealand, Germany, Italy, India and Canada. - Hourly charts for EUR/USD and GBP/USD with buy and sell recommendations and price targets.

1. Iforex Market Insight
 INTERNATIONAL CURRENCY
BUZZ
 ECONOMIC CALENDAR
 GBP/USD HOURLY CHART
 EUR/USD HOURLY CHART
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2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 31–AUG
INTERNATIONAL CURRENCY BUZZ
GBP/USD
EUR/USD
The Euro declined for a third consecutive day against the US Dollar, with prices now aiming at
support below the 1.12 figure. A daily close below the 61.8% Fibonacci retracement at 1.1153
exposes the next downside barrier at 1.1021, the 76.4% level. Alternatively, a move back above
the 50% Fib at 1.1260 targets the 38.2% retracement at 1.1367. Our long-term bias on the Euro
favors weakness. Indeed, the dominant trend has favored the downside since mid-2008. The
currently available trading range – the distance between immediate support and resistance – is
only 107 pips however. That is smaller than 20-day ATR (143 pips for the last closed candle),
which skews risk/reward parameters away from entering a short trade.
FOREX-GBP/USD holds near 1-1/2 month lows despite U.K. GDP
FOREX- UK and Swiss GDP Continue to Expand in Line with Expectations
FOREX- Dollar slips lower on profit-taking, U.S. data ahead
The GBP/USD pair recovered most losses and tries hard to regain 1.54 barrier in the European
afternoon, as markets digest the UK data keeping the pound undermined. The GBP/USD pair
trades -0.08% lower at 1.5391, recovering slightly from 1.5364 levels reached post the data re-
lease. The cable continues to consolidate to the downside after the pound was dragged to ses-
sion lows in a delayed reaction to the UK GDP report which showed no revisions to both the
quarterly and annual measures of economic growth. However the UK economy kept the pace
and grew at the rate of 0.7% between the first and second quarters, and rose 2.6% on a year-on
-year basis. This was the tenth consecutive quarter of positive growth, the Office for National
Statistics (ONS) informed on Friday. Looking ahead, the US session will attract attention and
may direct further USD moves, having major influence on the GBP pair.

3. Iforex Market Insight
Date– 31–AUG
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Monday, August 31, 2015
All Day Holiday United Kingdom - Summer Bank Holiday
04:15 NZD Building Consents (MoM) (Jul) -4.1%
05:20 JPY Industrial Production (MoM) (Jul) 0.1% 1.1%
06:30 AUD HIA New Home Sales (MoM) (Jul)
06:30 NZD ANZ Business Confidence (Aug) -15.3%
07:00 AUD Company Gross Operating Profits (QoQ) (Q2) -2.0% 0.2%
07:00 AUD Private Sector Credit (MoM) (Jul) 0.5% 0.4%
11:30 EUR German Retail Sales (MoM) (Jul) 1.1% -2.3%
12:30 CHF KOF Leading Indicators (Aug) 99.0 99.8
14:30 EUR Italian CPI (MoM) (Aug) -0.1%
14:30 EUR CPI (YoY) (Aug) 0.1% 0.2%
17:30 INR GDP Quarterly (YoY) (Q1) 7.4% 7.5%
18:00 CAD Current Account (Q2) -17.5B
19:15 USD Chicago PMI (Aug) 54.9 54.7

4. Iforex Market Insight
Date– 31–AUG
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBPUSD ABOVE 1.5445 TARGET 1.5465 1.5495 SL 1.5415
SELL GBPUSD BELOW 1.5330 TARGET 1.5310 1.5280 SL 1.5360
GBP/USD HOURLY CHART
BUY EURUSD ABOVE 1.1310 TARGET 1.1330 1.1360 SL 1.1280
SELL EURUSD BELOW 1.1230 TARGET 1.1210 1.1180 SL 1.1260

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