Epic Research Singapore : - Daily IForex Report of 19 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 – 19– May INTERNATIONAL CURRENCY BUZZ Forex- Kiwi, Aussie decline vs. broadly stronger greenback Forex - Dollar higher against yen despite upbeat Japan GDP Forex- Dollar rises to 3-1/2 week highs with Fed minutes on tap EUR/USD EUR/USD is currently trading with a bearish bias. Yesterday, the pair broke above the resis- tance level 1.1324, but ended up closing below it. As previously forecasted, we still expect the pair to form a double bottom at the support level 1.1283. Thus, we expect a clear re- bound from this support to go long with our target at 1.1324. A clear breakout below this support will invalidate the anticipated double bottom formation and may lead to an accel- eration to the lower side. This pair should be traded alongside GBP/USD, AUD/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday. GBP/USD The pound was lower against the broadly stronger dollar on Wednesday, shrugging off a solid U.K. jobs report as investors’ reassessed prospects that the Federal Reserve would soon raise interest rates.The Office for National Statistics reported that the claimant count, which measures the number of people receiving unemployment benefit, fell by 2,400 in April, against expectations for an increase of 4,300.March’s claimant count was revised up to 14,700, the biggest monthly increase since September 2011.The U.K. unem- ployment rate remained stable at 5.1%, in line with economists’ forecasts.The number of people in work rose by 44,000, bringing the employment rate to a record high of 74.2%. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date - 19– May ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, May 19, 2016 07:00 AUD Employment Change (Apr) 12.5K 26.1K 07:00 AUD Full Employment Change (Apr) -8.8K 07:00 AUD Unemployment Rate (Apr) 5.8% 5.7% 14:00 GBP Core Retail Sales (YoY) (Apr) 1.9% 1.8% 14:00 GBP Core Retail Sales (MoM) (Apr) 0.6% -1.6% 14:00 GBP Retail Sales (MoM) (Apr) 0.5% -1.3% 14:00 GBP Retail Sales (YoY) (Apr) 2.5% 2.7% 15:30 MYR Interest Rate 3.25% 3.25% ECB Publishes Account of Monetary Policy Meet- ing 17:00 EUR 18:00 USD Initial Jobless Claims 275K 294K 18:00 USD Philadelphia Fed Manufacturing Index (May) 3.5 -1.6 18:00 USD Philly Fed Employment (May) -18.5 20:00 USD FOMC Member Dudley Speaks Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date - 19– May GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4530 TGT 1.4550 1.4580 SL 1.4500 SELL GBP/USD AROUND 1.4520-1.4518 TGT 1.4500 1.4470 SL 1.4550 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.1290 TGT 1.1310 1.1340 SL 1.1260 SELL EUR/USD BELOW 1.1255 TGT 1.1235 1.1205 SL 1.1285 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

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