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Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD HOURLY CHART EUR/USD HOURLY CHART EPIC RESEARCH SINGAPORE
Iforex Market Insight Date– 13– JAN INTERNATIONAL CURRENCY BUZZ Forex -Dollar steady in early trade, yuan in focus again Forex -NZD/USD slides lower as focus remains on China Forex -AUD/USD re-approaches 4-month lows on China worries worries EUR/USD The dollar moved lower against the euro on Tuesday, The low yielding euro rose 0.33% against the dollar to 1.0896.Investors also remained concerned over the extent of the eco- nomic slowdown in China, following a steep selloff in Chinese stocks and a renewed de- valuation in the yuan since the start of the year.Shares in China closed higher on Tuesday, after Beijing stepped up measures to support the yuan. China’s central bank guided the yuan higher for a third day, but uncertainty over Beijing’s currency policy persisted.EUR/ USD was little changed at 1.0850.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.08% at 99.00. GBP/USD The pound fell to fresh five-year lows against the dollar on Tuesday after data showing that U.K. industrial and manufacturing production dropped sharply in November, adding to concerns over the uneven economic recovery.GBP/USD hit lows of 1.4484, the weakest level since June 2010, down from around 1.4527 ahead of the data.The Office for National Statistics said industrial production fell 0.7% in November from the previous month, com- pared with forecasts for a flat reading. It was the biggest drop since January 2013.Sterling remained under heavy selling pressure amid concerns that the Bank of England will signal that rates are likely to remain on hold for longer after its policy meeting on Thursday.The pound was lower against the euro, with EUR/GBP rising to 0.39% to 0.7494 from 0.7479 earlier. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
Iforex Market Insight Date– 13– JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, January 13, 2016 03:05 USD API Weekly Crude Oil Stock - -5.600M 15:30 EUR Industrial Production (MoM) (Nov) -0.3% 0.6% 18:30 USD FOMC Member Rosengren Speaks - - 21:00 USD Crude Oil Inventories 2.504M -5.085M 21:00 USD Cushing Crude Oil Inventories - 0.917M Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg
Iforex Market Insight Date– 13– JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4530 TARGET 1.4550 1.4580 SL 1.4500 SELL GBP/USD BELOW 1.4480 TARGET 1.4460 1.4430 SL 1.4510 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0870 TARGET 1.0890 1.0920 SL 1.0840 SELL EUR/USD BELOW 1.0820 TARGET 1.0800 1.0770 SL 1.0850 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg
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