epic research singapore : - daily iforex report of 16 december 2015
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7/23/2019 Epic Research Singapore : - Daily IForex Report of 16 December 2015
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Iforex Market Insight
INTERNATIONAL CURRENCY
BUZZ
ECONOMIC CALENDAR
GBP/USD HOURLY CHART
EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE
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Iforex Market Insight
Date – 16 –DEC
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD
The GBP/USD pair trades slightly lower this Tuesday, hovering between gains and losses aroun
1.5150 ever since the day started. The release of UK inflation figures failed to support the Poun
despite the figures resulted better-than-expected, with the CPI rising by 0.1% in the year to N
vember. Monthly basis, inflation remained flat, against expectations of a 0.1% decline. The pr
ducer price index, however, continued to fall yearly basis, down by 1.5%. The technical picture
neutral, as in the 4 hours chart, the indicators are horizontal around their mid-lines, while th
price is being capped by the 20 SMA and the 200 EMA, both converging a few pips above th
current level. The pair will likely maintain the range during the upcoming hours, until the releas
of the US inflation data at the beginning of the American session, set to determinate market
tone for the rest of the day
.The dollar moved lower against the on Tuesday amid growing expectations that the greenba
could weaken in the wake of the Federal Reserve’s policy meeting later this week.EUR/USD h
highs of 1.1060, the most since October 30 and was last at 1.1049, up 0.52%.The U.S. dollar inde
which measures the greenback’s strength against a trade-weighted basket of six major currencie
was at 97.32, off 0.44% for the day.Most investors expect the U.S. central bank to raise intere
rates for the first time since June 2006 at its upcoming meeting on Wednesday.Higher intere
rates would make the dollar more attractive to yield-seeking investors in the long run, but a ra
hike could also trigger dollar selling in the immediate aftermath.With a rate hike priced in inve
tors are now focusing on how quickly the Fed will tighten monetary policy in 2016. The Fed h
indicated that the pace of rate hikes will be gradual.
Forex -NZD/USD climbs to 1-1/2 month highs ahead of Fed
Forex -AUD/USD edges higher after RBA minutes
Forex -Dollar moves lower as Fed meeting looms
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Iforex Market Insight
Date – 16 –DEC
www.epicresearch.sg
Iforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur Event Forecast Previous
Wednesday, December 16, 201502:30 USD TIC Net Long-Term Transactions (Oct) - 33.6B
03:05 USD API Weekly Crude Oil Stock - -1.900M
03:15 NZD Current Account (QoQ) (Q3) -4.90B -1.22B
03:15 NZD Current Account (YoY) (Q3) -8.30B -8.30B
05:00 AUD RBA Assist Gov Debelle Speaks - -
13:30 EUR Manufacturing PMI (Dec) 52.8 52.8
13:30 EUR Markit Composite PMI (Dec) 54.2 54.2
13:30 EUR Services PMI (Dec) 54.1 54.2
15:00 GBP Average Earnings Index +Bonus (Oct) 2.5% 3.0%
15:00 GBP Claimant Count Change (Nov) 1.5K 3.3K
15:00 GBP Unemployment Rate (Oct) 5.3% 5.3%
15:30 EUR Core CPI (YoY) 0.9% 0.9%
15:30 EUR CPI (YoY) (Nov) 0.1% 0.1%
15:30 EUR CPI (MoM) (Nov) -0.2% 0.1%
15:30 EUR Trade Balance (Oct) 21.5B 20.5B
19:00 USD Building Permits (MoM) (Nov) -1.0% 4.1%
19:00 USD Building Permits (Nov) 1.150M 1.161M
19:00 USD Housing Starts (MoM) (Nov) 6.6% -11.0%
19:00 USD Housing Starts (Nov) 1.135M 1.060M
19:45 USD Industrial Production (MoM) (Nov) -0.1% -0.2%
20:15 USD Manufacturing PMI (Dec) 52.6 52.8
21:00 USD Crude Oil Inventories -2.000M -3.568M
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Iforex Market Insight
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EUR/USD HOURLY CHART
BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5220 SL 1.5140
SELL GBP/USD BELOW 1.5140 TARGET 1.5120 1.5090 SL 1.517
GBP/USD HOURLY CHART
BUY EUR/USD ABOVE 1.1050 TARGET 1.1070 1.110 SL 1.020
SELL EUR/USD BELOW 1.1020 TARGET 1.1000 1.0970 SL 1.1050
Date – 16 –DEC
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