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

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Epic Research Singapore : - Daily IForex Report of 12 January 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– JAN INTERNATIONAL CURRENCY BUZZ Forex -Dollar edges higher vs. rivals but gains limited Forex -Euro remains weaker, yen slips lower Forex -Yen eases as yuan stabilizes but China fears persist EUR/USD The euro was lower against the dollar on Monday after Friday’s strong U.S. employment report for December and the yen gave up overnight gains, but investors remained wary amid ongoing turmoil in Chinese financial markets.EUR/USD slid 0.31% to 1.0892, still holding above Friday’s lows of 1.0801.The U.S. dollar index, which measures the green- back’s strength against a trade-weighted basket of six major currencies, was up 0.19% to 98.64.The unemployment rate held steady at a seven-and-a-half year low of 5% in Decem- ber.The report bolstered expectations that the Federal Reserve could raise interest rates at a faster pace this year. Higher U.S. interest rates would make the dollar more attractive to yield-seeking investors. GBP/USD The GBP/USD pair trades 0.29% at 1.4566, easing-off session highs reached at 1.4580 lev- els. Having failed several attempts to take out stiff resistance near 1.4580 region, the ca- ble retreats as the European stocks come slightly under pressure, thus, reducing the de- mand for risk/ high-yielding currencies such as the GBP.However, the GBP/USD pair finds support from receding US dollar against its major competitor. The USD index pares gains to trade 0.14% higher at 98.60. While a generalized strength seen across the higher yield- ing currencies such as the AUD, NZD and the CAD, further helps keep the recovery in GBP/ USD intact.The U.S. dollar index, which measures the greenback’s strength against a trade- weighted basket of six major currencies, was up 0.09% at 98.55. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 12– JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, January 12, 2016 05:20 JPY Adjusted Current Account 1.52T 1.49T 05:20 JPY Current Account n.s.a. (Nov) 0.859T 1.458T 05:31 GBP BRC Retail Sales Monitor (YoY) (Dec) 0.5% -0.4% 15:00 GBP Industrial Production (MoM) (Nov) 0.0% 0.1% 15:00 GBP Manufacturing Production (MoM) (Nov) 0.1% -0.4% 16:00 USD FOMC Member Stanley Fischer Speaks - - 17:30 INR CPI (YoY) (Dec) 5.20% 5.41% 20:30 GBP NIESR GDP Estimate - 0.6% 20:30 USD JOLTs Job Openings 5.410M 5.383M Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 12– JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4570 TARGET 1.4590 1.4620 SL 1.4540 SELL GBP/USD BELOW 1.4530 TARGET 1.4510 1.4480 SL 1.4560 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0920 TARGET 1.0940 1.0970 SL 1.0890 SELL EUR/USD BELOW 1.0860 TARGET 1.0840 1.08010 SL 1.0890 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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