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Epic Research Singapore : - Daily IForex Report of 14 December 2015

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Epic Research Singapore : - Daily IForex Report of 14 December 2015

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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– 14–DEC INTERNATIONAL CURRENCY BUZZ Forex -Dollar steady after euro jump loses steam, Aussie trims gains Forex -Onshore yuan rates hit 4-yr low, dollar and euro steadier Forex -Dollar little changed vs. rivals, U.S. data on tap EUR/USD EUR/USD posted modest gains on Friday erasing some of its losses from the previous ses- sion, as currency traders continued to await a likely interest rate hike by the Federal Re- serve at its two-day meeting next week.The currency pair traded between 1.0927 and 1.1031 before settling at 1.0994, up 0.0053 or 0.49% on the session. After surging by more than 3% in last Thursday's session, EUR/USD has been relatively flat in the six subsequent trading days, moving only percentage points higher. Earlier this week, the euro jumped to one-month highs against the dollar as the aftershocks of a surprising move by the European Central Bank continued to be felt. EUR/USD likely gained support at 1.0549, the low from Dec. 2 and was met with resistance at 1.1041, the high from Dec. 9. GBP/USD The pound held steady against the U.S. dollar on Friday, as the Bank of England's mone- tary policy decision on Thursday continued to weigh mildly on sterling, while investors re- mained cautious with the greenback ahead of a string of U.S. data due later in the day.GBP/USD hit 1.5132 during European morning trade, the session low; the pair subse- quently consolidated at 1.5153.Cable was likely to find support at 1.5075, the low of De- cember 4 and resistance at 1.5240, the high of November 17.Sterling weakened after dov- ish Bank of England meeting minutes on Thursday indicated that interest rates are likely to remain on hold at record lows for longer.The Monetary Policy Committee voted eight-to- one to keep rates on hold at 0.5%. Ian McCafferty, one of four external members on the nine-person MPC, voted to increase rates to 0.75%.the economy. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 14–DEC ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, December 14, 2015 05:20 JPY Tankan All Big Industry CAPEX (Q4) 10.2% 10.9% Tankan Big Manufacturing Outlook Index (Q4) 05:20 JPY 11 10 05:20 JPY Tankan Large Manufacturers Index (Q4) 11 12 Tankan Large Non-Manufacturers Index (Q4) 05:20 JPY 23 25 10:00 JPY Industrial Production (MoM) (Oct) - 1.4% 15:30 EUR Industrial Production (MoM) (Oct) 0.1% -0.3% Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 14–DEC GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.5230 TARGET 1.5250 1.5270 SL 1.5200 SELL GBP/USD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.1000 TARGET 1.1020 1.1050 SL 1.0970 SELL EUR/USD BELOW 1.0970 TARGET 1.0950 1.0920 SL 1.1000 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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