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Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD HOURLY CHART EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
Iforex Market Insight Date– 07–JAN INTERNATIONAL CURRENCY BUZZ Forex -Yen higher after more weak China data, North Korea concerns Forex -NZD/USD hits 1-month lows amid growth, Middle East concerns Forex -AUD/USD drops to 3-week lows in cautious trade EUR/USD The dollar edged higher against the eur on Wednesday, as concerns over global geopolitical tensions continued to dampen demand for riskier assets.EUR/USD edged down 0.12% at 1.0734.Investors remained cautious after North Korea confirmed on Wednesday that it had conducted a nuclear test and said that it won't give up nuclear capability unless U.S. abandons its hostile foreign policy towards the country.Markets were also jittey amid growing tensions between Iran and Saudi Arabia, following the execution of a prominent Saudi Shia cleric.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.10% at 99.56. GBP/USD The pound dropped to a nine-month low against the U.S. dollar on Wednesday, after data showed that U.K. service sector activity expanded at a slower rate than expected in Decem- ber and as market sentiment remained under pressure.GBP/USD hit 1.4620 during European morning trade, the pair’s lowest since April 2015; the pair subsequently consolidated at 1.4638, shedding 0.22%.Cable was likely to find support at 1.4563 and resistance at 1.4725, Tuesday’s high. Research group Markit said itsU.K. services purchasing managers’ index fell to 55.5 last month from a reading of 55.9 in November. Analysts had expected the index to dip to 55.6 in December. Meanwhile, investors remained cautious after North Korea con- firmed on Wednesday that it had conducted a nuclear test and said that it won't give up nu- clear capability unless U.S. abandons its hostile foreign policy towards the country. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
Iforex Market Insight Date– 07–JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, January 7, 2016 00:30 USD FOMC Meeting Minutes - - 06:00 AUD Building Approvals (MoM) (Nov) -3.0% 3.9% 06:00 AUD Trade Balance (Nov) -3.100B -3.305B 15:30 EUR Retail Sales (MoM) (Dec) 0.2% -0.1% 15:30 EUR Unemployment Rate (Dec) 10.7% 10.7% 19:00 USD Initial Jobless Claims 275K 287K Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg
Iforex Market Insight Date– 07–JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4660 TARGET 1.4680 1.4710 SL 1.4630 SELL GBP/USD BELOW 1.4630 TARGET 1.4610 1.4580 SL 1.4660 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0740TARGET 1.0780 1.10750 SL 1.0770 SELL EUR/USD BELOW 1.0700 TARGET 1.0740 1.0710 SL 1.0790 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
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