Epic Research Singapore : - Daily IForex Report of 08 January 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– 08–JAN INTERNATIONAL CURRENCY BUZZ Forex -AUD/USD drops to 2-month lows after mixed Australian data Forex -NZD/USD bounces off 1-month trough but gains capped Forex -Yen hit 4-1/2 month highs as yuan decline accelerates EUR/USD The euro rose to the day’s highs against the dollar on Thursday after data showing that the unemployment rate in the region fell to its lowest level in over four years, while economic sentiment unexpectedly improved last month.EUR/USD hit highs of 1.0807, the most since Monday and was last at 1.0846, up 0.64% for the day.The euro zone’s statistical bureau Euro- stat reported that the unemployment rate in the euro area fell to the lowest level in more than four years in November, dropping to 10.5% from 10.6% in November. It was the third straight monthly decline.Another report showed that euro zone economic sentiment unex- pectedly improved in December.A survey by Eurostat and the European Commission showed that economic sentiment in the single currency bloc ticked up to 106.8 in December from No- vember’s 106.1, compared to expectations for an unchanged reading. GBP/USD The pound fell to the lowest levels in five-and-a-half years against the dollar on Thursday as market turmoil in China bolstered safe haven demand for the dollar, while uncertainty over a U.K. referendum on European Union membership also weighed.GBP/USD hit lows of 1.4555, the lowest level since June 2010 and was last at 1.4564, off 0.46% for the day.Risk sentiment was hit after China’s yuan weakened further on Thursday, exacerbating fears over the outlook for the world’s second-largest economy.The People's Bank of China set its official yuan mid- point rate lower compared with Wednesday's fix.It was the largest daily drop in the midpoint rate since last August, when an unexpected near 2% devaluation of the currency sparked a broad based selloff in financial markets. A weaker yuan would help boost Chinese exports. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date– 08–JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Friday, January 8, 2016 06:00 AUD Retail Sales (MoM) (Nov) 0.4% 0.5% 12:15 CHF Unemployment Rate n.s.a. (Dec) 3.7% 3.4% 12:15 CHF Unemployment Rate s.a. (Dec) 3.4% 3.4% 13:45 CHF CPI (MoM) (Dec) -0.3% -0.1% 15:00 GBP Trade Balance (Nov) -10.50B -11.83B 15:00 GBP Trade Balance Non-EU (Nov) -3.00B -3.73B 19:00 USD Average Hourly Earnings (MoM) (Dec) 0.2% 0.2% 19:00 USD Nonfarm Payrolls (Dec) 200K 211K 19:00 USD Participation Rate (Dec) - 62.5% 19:00 USD Private Nonfarm Payrolls (Dec) 195K 197K 19:00 USD Unemployment Rate (Dec) 5.0% 5.0% Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date– 08–JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4600 TARGET 1.4620 1.4650 SL 1.4570 SELL GBP/USD BELOW 1.4560 TARGET 1.4540 1.4510 SL 1.4590 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0870 TARGET 1.0890 1.10920 SL 1.0840 SELL EUR/USD BELOW 1.0830 TARGET 1.0740 1.0710 SL 1.0860 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

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