Epic Research Singapore : - Daily IForex Report of 01 February 2016

1. Iforex Market Insight  INTERNATIONAL CURRENCY BUZZ  ECONOMIC CALENDAR  GBP/USD HOURLY CHART  EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE

2. Iforex Market Insight Date– 01– Feb INTERNATIONAL CURRENCY BUZZ Yen slides after BOJ stuns markets with minus rates Forex Forex - -USD/JPY rallies over 1% after BoJ policy decision USD/JPY rallies over 1% after BoJ policy decision Forex Forex - - Dollar regains ground after BoJ decision, U.S. GDP on tap Dollar regains ground after BoJ decision, U.S. GDP on tap Forex Forex -Yen slides after BOJ stuns markets with minus rates EUR/USD The euro was lower against the U.S. dollar on Friday, after the release of mixed economic reports from the euro zone, while the greenback regained some strength ahead of a fourth-quarter U.S. growth report due later in the day.EUR/USD hit 1.0883 during European morning trade, the session low; the pair subsequently consolidated at 1.0908, sliding 0.30%.The pair was likely to find support at 1.0816, the low of January 26 and resistance at 1.0987, the high of January 15.Preliminary data on Friday showed that the annual rate of inflation in the euro zone rose by 0.4% this month, in line with expectations and after an uptick of 0.2% in December.At the conclusion of its monetary policy meet- ing on Friday, the BOJ said it was adopting a negative interest rate of minus 0.1% and added that it will cut interest rates further into negative territory if necessary.The central bank’s decision came as it struggles to reach its 2% inflation goal amid ongoing concerns over global economic growth and declining oil prices. GBP/USD The GBP/USD pair retreated from a high set at 1.4412, reached during Asian hours and triggered by yen's weakness, and the pair now consolidates around its former January highs in the 1.4360 re- gion. With no macroeconomic news scheduled in the UK, market´s attention shifted towards the US Q4 GDP figures, to be released later today.The pair is losing upward strength given that in the 4 hours chart, the technical indicators retreat from overbought levels, with the Momentum indicator approaching its 100 level and about to break below it. In the same chart, however, the price re- mains above a bullish 20 SMA and above the daily ascendant trend line coming from this month low, today at 1.4260 and a key support in the case of dollar's gains. If the price continues sliding be- low the 1.4300 figure, it can test the mentioned trend line, while a break below it should see the bearish trend resume and the price approach the 1.4200 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date– 01– Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, February 1, 2016 All Day Holiday Malaysia - FT Day 04:00 AUD AIG Manufacturing Index (Jan) - 51.9 14:00 CHF SVME PMI (Jan) - 52.1 14:30 EUR Manufacturing PMI (Jan) 52.3 52.3 15:00 GBP Manufacturing PMI (Jan) - 51.9 19:00 USD Core PCE Price Index (YoY) (Dec) - 1.3% 19:00 USD Core PCE Price Index (MoM) (Dec) - 0.1% 19:00 USD Personal Spending (MoM) (Dec) 0.1% 0.3% 20:15 USD Manufacturing PMI (Jan) - 52.7 20:30 USD ISM Manufacturing Employment (Jan) - 48.1 20:30 USD ISM Manufacturing PMI (Jan) 48.5 48.2 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date– 01– Feb GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4270 TARGET 1.4290 1.4330 SL 1.4230 SELL GBP/USD BELOW 1.4200 TARGET 1.4180 1.4140 SL 1.4240 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0860 TARGET 1.0880 1.0920 SL 1.0820 SELL EUR/USD BELOW 1.0800 TARGET 1.0780 1.0740 SL 1.0840 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

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