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Epic Research Singapore : - Daily IForex Report of 12 April 2016

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Epic Research Singapore : - Daily IForex Report of 12 April 2016

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  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 – 12– Apr INTERNATIONAL CURRENCY BUZZ Forex-Aussie, Kiwi hold steady, eyes on Fed announcement Forex -Yen reverses early weakness, gains in Asia, China CPI noted Forex- Dollar hits fresh 17-month lows against yen EUR/USD The single currency has now come under renewed selling pressure, dragging EUR/USD to the area of session lows near 1.1380.Spot has given away recent gains and returned to sub-1.1400 levels at the beginning of the week following a positive start of equity markets in the Old Conti- nent.Later in the day, market participants will remain wary of the unexpected closed meeting be- tween Fed governors with fund rates on top of the agenda on an otherwise empty calendar in both Euroland and the US.The pair is now losing 0.11% at 1.1389 facing the next support at 1.1325 (low Apr.6) ahead of 1.1305 (23.6% Fibo of 1.0820-1.1455) and finally 1.1151 (55-day sma). On the other hand, a break above 1.1454 (2016 high Apr.7) would target 1.1496 (monthly high Oct.15 2015) en route to 1.1713 (high Aug.24 2015). GBP/USD The Cable was highly volatile last week, reaching a high of 1.4319 and a low of 1.4004. The over- all bias remains bearish in the near-term, though the bulls are not keeping their fingers crossed this time around. They would most probably effect a rally, which would jeopardize the current bearish bias, especially when the distribution territory at 1.4400 is overcome. This would require a strong rally, which would occur because the outlook on GBP pairs is bright for this week.GBP/ USD is currently doing some corrective moves above the support zone of 1.4118, after a re- bound that was made around the 1.4062 price level. The bullish move can be extended and the price could go towards the 200 SMA on the H1 chart, where a pullback can happen to resume the bearish bias. The MACD indicator is favoring the corrective scenario as it stays above the positive territory. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date - 12– Apr ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, April 12, 2016 04:31 GBP BRC Retail Sales Monitor (YoY) (Mar) - 0.1% 07:00 AUD NAB Business Confidence (Mar) - 3 14:00 GBP CPI (MoM) (Mar) 0.3% 0.2% 14:00 GBP CPI (YoY) (Mar) 0.4% 0.3% 14:00 GBP PPI Input (MoM) (Mar) 2.1% 0.1% 17:30 INR CPI (YoY) (Mar) 5.00% 5.18% 18:00 USD Export Price Index (MoM) (Mar) -0.2% -0.4% 18:00 USD Import Price Index (MoM) (Mar) 1.0% -0.3% 18:30 USD FOMC Member Harker Speaks - - 23:30 USD Federal Budget Balance (Mar) -104.0B -193.0B Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date - 12- Apr GBP/USD HOURLY CHART BUY GBP USD ABOVE 1.4227 TARGET 1.4147 1.4087 SL 1.4087 SELL GBP USD BELOW 1.4140 TARGET 1.4120 1.4090 SL 1.4170 EUR/USD HOURLY CHART BUY EUR USD ABOVE 1.1396 TARGET 1.1416 1.1446 SL 1.1375 SELL EUR USD BELOW 1.1375 TARGET 1.1355 1.1325 SL 1.1405 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  5. 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.

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