Epic Research Singapore : - Daily IForex Report of 17 May 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 – 17– May INTERNATIONAL CURRENCY BUZZ Forex-Aussie rises, kiwi edges lower in late trade Forex -Yen off early highs after China data disappointment Forex-Dollar little changed, Empire State report ahead EUR/USD The EUR/USD is trading better at the mid-session. The range is tight and volume is relatively low after Friday’s sharp break. Prices could consolidate this week until Wednesday, May 18 with the release of the Euro Zone’s Final CPI report. It is expected to show year-over-year consumer infla- tion declined 0.2%. On Thursday, the European Central Bank is scheduled to release its monetary policy meeting accounts. The G-7 meetings will be held on Thursday and Friday.Technically, the main trend is up according to the daily swing chart. However, momentum has been to the down- side since the 1.1616 main top on May 3.The main range is 1.0821 to 1.1616. Its retracement zone at 1.1218 to 1.1125 is the primary downside target.Based on Friday’s close at 1.1303, the direction of the market today is likely to be determined by trader reaction to the long-term up- trending angle at 1.1291.Holding above 1.1291 will indicate the presence of buyers. GBP/USD The GBP / USD currency pair came back to the downward channel. On the daily chart the RSI shows the trend line breakdown, which signalizes harder declination. The GBP / USD forecast for the week 16 May 2016 — 20 May 2016 considers a reduction towards the area 1.42, where the growth of quotations may be expected. However, fixing prices below 1.42 will confirm a resump- tion of the downtrend.The attention of investors on the current week was focused on the meet- ing of Bank of England. As expected, no change in monetary policy was not made. However, the GDP forecast, which downgraded it for the coming years. turned out negatively for the pound.Pound remains under pressure, the referendum on Britain’s membership in the EU is ap- proaching. Recent public opinion polls showed that the outcomes of the June referendum are difficult to predict. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date - 17– May ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, May 17, 2016 01:30 USD TIC Net Long-Term Transactions (Mar) 36.5B 72.0B 04:30 USD FOMC Member Kashkari Speaks 07:00 AUD RBA Meeting Minutes 08:30 NZD Inflation Expectations (QoQ) 1.6% 10:00 JPY Industrial Production (MoM) (Mar) 3.6% 3.6% 12:45 CHF PPI (MoM) (Apr) 0.1% 0.0% 14:00 GBP CPI (MoM) (Apr) 0.3% 0.4% 14:00 GBP CPI (YoY) (Apr) 0.5% 0.5% 14:00 GBP PPI Input (MoM) (Apr) 1.1% 2.0% 14:30 EUR Trade Balance (Mar) 22.5B 19.0B 18:00 USD Building Permits (Apr) 1.130M 1.086M 18:00 USD Building Permits (MoM) (Apr) 4.3% -7.7% 18:00 USD Core CPI (MoM) (Apr) 0.2% 0.1% 18:00 USD Core CPI (YoY) (Apr) 2.1% 2.2% 18:00 USD CPI (MoM) (Apr) 0.3% 0.1% 18:00 USD Housing Starts (Apr) 1.125M 1.089M 18:00 USD Housing Starts (MoM) (Apr) 2.9% -8.8% 18:45 USD Industrial Production (MoM) (Apr) 0.3% -0.6% Tentative NZD GlobalDairyTrade Price Index -1.4% 21:30 USD FOMC Member Lockhart Speaks 21:30 USD FOMC Member Williams Speaks 22:45 USD FOMC Member Kaplan Speaks Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date - 17– May GBP/USD HOURLY CHART BUY GBPUSD ABOVE 1.4440 TARGET 1.4460 1.4490 SL 1.4410 SELL GBPUSD AROUND 1.4445-1.442 TARGET 1.4422 1.4392 SL 1.4475 EUR/USD HOURLY CHART BUY EURUSD AROUND 1.1315-1.1317 TARGET 1.1335 1.1390 SL 1.1285 SELL EURUSD BELOW 1.1280 TARGET 1.1260 1.1230 SL 1.1310 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

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