epic research singapore : - daily iforex report of 28 september 2015
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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.sg Iforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 28–SEP
INTERNATIONAL CURRENCY BUZZ
GBP/USD
EUR/USD
EUR/USD fell mildly on Friday, as currency traders reacted to relatively hawkish com-
ments from Federal Reserve chair Janet Yellen hours earlier, providing a strong likeli-
hood that the U.S. central bank will raise short-term interest rates over the next
three months.The currency pair wavered between a range of 1.1117 and 1.1296, be-
fore settling at 1.1195, down 0.0037 or 0.33% on the session. The euro has now
closed lower against the American dollar in five of the last seven sessions. For the
week, the euro lost nearly 1% in value against its American counterpart.EUR/USD
likely gained support at 1.1088, the low from September 4 and was met with resis-
tance at 1.1625, the high from Aug. 25.
Forex - AUD/USD holds steady near 2-1/2 week lows Forex - NZD/USD rises despite downbeat N.Z. trade balance Forex - Yen weaker in Asia in light data day, NZ trade gap widens
The pound edged lower against the U.S. dollar on Friday, re-approaching a three-week
trough as new hopes for a U.S. rate hike before the end of the year sent the greenback
broadly higher.GBP/USD hit 1.5206 during European morning trade, the session low;
the pair subsequently consolidated at 1.5221, slipping 0.12%.Cable was likely to find
support at 1.5168, the low of September 7 and resistance at 1.5369, the high of Sep-
tember 23.In a speech late Thursday, Fed Chair Janet Yellen said she expected the cen-
tral bank to begin raising rates later in 2015, as long as inflation remained stable and
the U.S. economy was strong enough to boost employment.The comments came after
a string of U.S. data released on Thursday painted a mixed picture of the health of the
economy.
Iforex Market Insight
Date– 28–SEP
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Monday, September 28, 2015
18:00 USD Core PCE Price Index (YoY) (Aug) 1.2%
18:00 USD Core PCE Price Index (MoM) (Aug) 0.1% 0.1%
18:00 USD Personal Income (MoM) (Aug) 0.4% 0.4%
18:00 USD Personal Spending (MoM) (Aug) 0.3% 0.3%
18:00 USD Real Personal Consumption (MoM) (Aug) 0.2%
19:30 USD Pending Home Sales (MoM) (Aug) 0.5% 0.5%
19:30 USD Pending Home Sales Index (Aug) 110.9
20:00 USD Dallas Fed Mfg Business Index (Sep) -15.8
22:30 USD Dallas Fed PCE (Aug) 1.30%
Iforex Market Insight
Date– 28–SEP
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBP/USD ABOVE 1.5210 TARGET 1.5230 1.5260 SL 1.5180
SELL GBP/USD BELOW 1.5170 TARGET 1.5150 1.5120 SL 1.5200
GBP/USD HOURLY CHART
BUY EUR/USD ABOVE 1.1200 TARGET 1.1220 1.1250 SL 1.1170
SELL EUR/USD BELOW 1.1170 TARGET 1.1150 1.1120 SL 1.1200
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