Download
1 / 5
50 likes | 152 Views
Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.
E N D
Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD HOURLY CHART EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
Iforex Market Insight Date– 09– Feb INTERNATIONAL CURRENCY BUZZ AUD/USD rises but gains seen limited Forex Forex - -NZD/USD edges higher in late trade NZD/USD edges higher in late trade Forex Forex - - Dollar higher against yen, euro steady Dollar higher against yen, euro steady Forex Forex -AUD/USD rises but gains seen limited EUR/USD The shared currency has quickly reverted the advance to the 1.1180 area vs. the dollar, with EUR/ USD now dropping to session lows near 1.1120.The greenback has now gathering further pace and testing daily highs when measured by the US Dollar Index, rapidly sending spot lower and forcing the euro to fade the earlier spike to the boundaries of 1.1200 the figure.In the meantime, the current slump of crude oil prices continue to weigh on sentiment, exacerbated by a negative performance of European equities.On the data front, Investor’s Confidence tracked by the Sentix index has missed expectations for the current month, while the Fed’s Labor Market Conditions Index is due later in the NA session. The pair is now retreating 0.20% at 1.1127 and a breach of 1.1054 (200-day sma) would open the door to 1.0959 (100-day sma) and finally 1.0888 (55-day sma). On the flip side, the next up barrier lines up at 1.1246 (high Feb.5) ahead of 1.1496 (high Oct.15) and finally 1.1713 (post- PBoC high Aug.24). GBP/USD The sterling is intensifying its bearish tone today, now rapidly dragging GBP/USD to visit the 1.4400 neighbourhood.The pair shed more than a cent since today’s peaks in the 1.4550 area in response to a better sentiment surrounding the US dollar, which has managed to revert the initial offered tone. The British pound remains under pressure despite last week’s recovery, all against the back- drop of ‘Brexit’ concerns, a dovish BoE and expectations of a rate hike later than initially esti- mated.As of writing the pair is down 0.64% at 1.4408 with the next support at 1.4353 (23.6% Fibo of 1.5240-1.4079) followed by 1.4147 (low Jan.29) and then 1.4079 (low Jan.20). On the other hand, a breakout of 1.4670 (high Feb.4) would aim for 1.4706 (55-day sma) and finally 1.4796 (61.8% Fibo of 1.5240-1.4079). Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
Iforex Market Insight Date– 09– Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, February 9, 2016 All Day Holiday Malaysia - Chinese New Year All Day Holiday Singapore - Chinese New Year 05:30 AUD HIA New Home Sales (MoM) (Dec) - -2.7% 05:31 GBP BRC Retail Sales Monitor (YoY) (Jan) 0.4% 0.1% 06:00 AUD NAB Business Confidence (Jan) - 3 12:15 CHF Unemployment Rate n.s.a. (Jan) 3.7% 3.7% 12:15 CHF Unemployment Rate s.a. (Jan) 3.4% 3.4% 15:00 GBP Trade Balance (Dec) -10.40B -10.64B 15:00 GBP Trade Balance Non-EU (Dec) -2.60B -2.45B 20:30 USD JOLTs Job Openings (Dec) 5.400M 5.431M Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg
Iforex Market Insight Date– 09– Feb GBP/USD HOURLY CHART BUY GBPUSD ABOVE 1.4470 TARGET 1.4490 1.4520 SL 1.4445 SELL GBPUSD BELOW 1.4390 TARGET 1.4370 1.4345 SL 1.4415 EUR/USD HOURLY CHART BUY EURUSD ABOVE 1.1170 TAGRET 1.1190 1.1220 SL 1.1145 SELL EUR USD BELOW 1.1107 TARGET 1.1087 1.1070 SL 1.1130 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
EPIC RESEARCH SINGAPORE The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors inde- pendently evaluate particular investments and strategies, and encourages investors to seek the advice of a fi- nancial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations . The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommen- dation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.
