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Epic Research Singapore : - Daily IForex Report of 18 December 2015

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Epic Research Singapore : - Daily IForex Report of 18 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– 18–DEC INTERNATIONAL CURRENCY BUZZ Forex -AUD/USD drops after U.S. rate hike Forex -Kiwi lower against broadly stronger greenback Forex -Dollar near 2-week highs after Fed hikes U.S. interest rates EUR/USD The EUR/USD pair fell down to 1.0831 at the beginning of the day, with the greenback ex- tending the rally triggered by the FED late Thursday, when the US Central Bank finally an- nounce a 25bp rate rise, writing a new chapter in the history of monetary policy. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.50% at 98.90, the highest level since December 3.The Greenback remains in demand after the Fed Dot Chart released yesterday hinted at 4 rate hikes in 2016. This surprised markets as the Fed was widely expected to indicate a slow path of tightening. Consequently, the EUR/USD failed to extend the minor recovery seen in early Europe and fell below 1.0852 levels. GBP/USD The pound trimmed losses against the U.S. dollar on Thursday, after the release of strong U.K. retail sales data, although the Federal Reserve's decision to raise interest rates on Wednesday continued to support the greenback.GBP/USD eased off 1.4920, the pair's lowest since December 3, to hit 1.4966 during European morning trade, still down 0.23%. Cable was likely to find support at 1.4902, the low of December 3 and resistance at 1.5102, Wednesday's high.The U.K. Office for National Statistics reported that retail sales increased by 1.7% last month, blowing past forecasts for a gain of 0.5%. Retail sales in October fell by 0.5%, whose figure was revised from a previously reported decline of 0.6%.Year-on-year, retail sales rose at a rate of 5.0% in November, easily surpassing expec- tations for a 3.0% gain, after rising at a rate of 4.2% a month earlier. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 18–DEC ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Friday, December 18, 2015 05:30 NZD ANZ Business Confidence (Dec) - 14.6 05:30 NZD NBNZ Own Activity (Dec) - 32.0% Tentative JPY Interest Rate Decision 0.10% 0.10% 12:00 JPY BoJ Press Conference - - 14:30 EUR Current Account (Oct) 29.9B 29.4B 14:30 EUR Current Account n.s.a. (Oct) - 33.1B 14:30 EUR Net Investment Flow (Oct) - -10.5B 20:15 USD Services PMI (Dec) 56.0 56.1 21:00 USD ECRI Weekly Annualized (WoW) - -0.8% 21:00 USD ECRI Weekly Index - 131.3 21:30 USD KC Fed Composite Index (Dec) - 1 21:30 USD KC Fed Manufacturing Index (Dec) - 3 23:30 USD Baker Hughes U.S. Rig Count - 524 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 18–DEC GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4970 TARGET 1.4990 1.5020 SL 1.4940 SELL GBP/USD BELOW 1.4920 TARGET 1.4900 1.4870 SL 1.4950 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0870 TARGET 1.0890 1.0920 SL 1.0940 SELL EUR/USD BELOW 1.0840 TARGET 1.0820 1.0790 SL 1.0870 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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