Epic Research Singapore : - Daily IForex Report of 12 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– 12– Feb INTERNATIONAL CURRENCY BUZZ Aussie holds steady, kiwi slips in cautious trade Forex Forex - -Dollar hits fresh 15 Dollar hits fresh 15- -month lows against yen after Yellen month lows against yen after Yellen Forex Forex - -Dollar drops vs. rivals on U.S. rate hike uncertainty Dollar drops vs. rivals on U.S. rate hike uncertainty Forex Forex -Aussie holds steady, kiwi slips in cautious trade EUR/USD The shared currency is trading on a firmer footing vs. the dollar on Thursday, with EUR/USD trad- ing well beyond the 1.1300 handle.The pair has surrendered the earlier spike to the 1.1360 area against the backdrop of persistent risk-off sentiment, fuelled at the same time by the negative performance of European equity markets.Ahead in the session there are no scheduled releases in Euroland while Initial Claims and another testimony by Chairwoman J.Yellen will grab all the at- tention across the pond later.The pair is now advancing 0.24% at 1.1321 with the next hurdle at 1.1460 (monthly high Sep.18) ahead of 1.1496 (monthly high Oct.15) and finally 1.1713 (post- PBoC high Aug.24). On the other hand, a breakdown of 1.1055 (200-day sma) would open the door to 1.1002 (20-day sma) and finally 1.0963 (100-day sma). GBP/USD The GBP/USD pair halted its 2-day rally and reverted to the red zone in the European session, as risk-aversion was rife amid renewed weakness in the European indices.The GBP/USD pair trades 0.71% lower at 1.4417, hovering within a striking distance of the 1.44 handle. Having peaked at 1.4564 levels in early Asia, the GBP/USD pair continues to inch lower, with selling pressure inten- sifying over the last hours as the European equities resumed the downtrend and sparked re- newed risk-aversion wave across Europe. The UK’s FTSE drops -2.63%, while the pan-European benchmark, the Euro Stoxx slumps over -3.30%.Markets are giving up higher-yielding currencies such as the GBP in favour of safe-haven assets like the yen, in a bid to protect their capital amid ongoing global sell-off. In the day ahead amid a lack of fundamental triggers, the oil price action and sentiment on the equities will drive the cable. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date– 12– Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Friday, February 12, 2016 04:00 AUD RBA Governor Stevens Speaks - - 06:00 AUD Home Loans (MoM) (Dec) 3.0% 1.8% Tentative EUR EU Finance Ministers Meeting - - 15:30 EUR GDP (YoY) (Q4) 1.5% 1.6% 15:30 EUR GDP (QoQ) (Q4) 0.3% 0.3% 15:30 EUR Industrial Production (MoM) (Dec) 0.3% -0.7% 19:00 USD Core Retail Sales (MoM) (Jan) 0.1% -0.1% 19:00 USD Export Price Index (MoM) (Jan) -0.9% -1.1% 19:00 USD Import Price Index (MoM) (Jan) -1.4% -1.2% 19:00 USD Retail Sales (MoM) (Jan) 0.1% -0.1% 20:15 USD FOMC Member Kaplan Speaks - - 20:30 USD Business Inventories (MoM) (Dec) 0.1% -0.2% 20:30 USD FOMC Member Dudley Speaks - - 20:30 USD Michigan Consumer Expectations (Feb) 82.0 82.7 20:30 USD Michigan Consumer Sentiment (Feb) 92.0 92.0 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date– 12– Feb GBP/USD HOURLY CHART BUY GBPUSD ABOVE 1.4470 TARGET 1.4490 1.4520 SL 1.4440 SELL GBPUSD BELOW 1.4395 TARGET 1.4375 1.4345 SL 1.4425 EUR/USD HOURLY CHART BUY EURUSD ABOVE 1.1355 TAGRET 1.1377 1.1407 SL 1.1322 SELL EURUSD BELOW 1.1310 TARGET 1.1290 1.1260 SL 1.1340 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

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