Epic Research Singapore : - Daily IForex Report of 23 December 2015

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– 23–DEC INTERNATIONAL CURRENCY BUZZ Forex -Dollar holds steady vs. euro, yen ahead of U.S. GDP report Forex -Rupiah, Taiwan dollar and ringgit edge higher Forex -Dollar falls as euro rises after Spanish election EUR/USD The dollar was steady against the euro and the yen on Tuesday, as trading became more quiet ahead of the Christmas Holiday and as investors awaited the release of U.S. economic growth data due later in the day.EUR/USD was little changed at 1.0912.The dollar remained supported after the Federal Reserve hiked interest rates by a quarter of a percentage point to a range be- tween 0.25% and 0.5% in a widely expected move. It was the first rise in U.S. interest rates in nearly 10 years.Market participants were eyeing the release of a final report on U.S. third-quarter growth for further confirmation of the strength of the economy. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 98.44. GBP/USD The pound edged higher against the U.S. dollar on Tuesday, even after data showed that public sector net borrowing rose more-than-expected last month as demand for the greenback slightly weakened ahead of a U.S. economic growth report due later in the day. Trading volumes were expected to remain limited ahead of the Christmas Holiday.GBP/ USD hit 1.4930 during European morning trade, the session high; the pair subsequently consolidated at 1.4893, easing up 0.09%.Cable was likely to find support at 1.4861, the low of December 17 and resistance at 1.5003, the high of December 17.The U.K. Office for National Statistics reported that public sector net borrowing rose to £13.56 billion in No- vember from £6.75 billion in October, whose figure was revised from a previously esti- mated £7.47 billion.Analysts had expected public sector net borrowing to rise to £11.00 billion last month. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date– 23–DEC ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, December 23, 2015 Holiday All Day Japan - Emperor's Birthday 03:05 USD API Weekly Crude Oil Stock 2.300M 03:15 NZD Trade Balance (MoM) (Nov) -810M -963M 03:15 NZD Trade Balance (YoY) (Nov) -3,760M -3,240M 09:30 MYR CPI (YoY) (Nov) 2.3% 2.5% 10:30 SGD CPI (YoY) (Nov) -0.7% -0.8% 13:30 CHF KOF Leading Indicators (Dec) 99.1 97.9 15:00 GBP Business Investment (QoQ) (Q3) 2.2% 2.2% 15:00 GBP Current Account (Q3) -21.5B -16.8B 15:00 GBP GDP (QoQ) (Q3) 0.5% 0.5% 15:00 GBP GDP (YoY) (Q3) 2.3% 2.3% 19:00 USD Core Durable Goods Orders (MoM) (Nov) 0.1% 0.5% 19:00 USD Core PCE Price Index (MoM) (Nov) 0.1% 0.0% 19:00 USD Core PCE Price Index (YoY) (Nov) 1.4% 1.3% 19:00 USD Durable Goods Orders (MoM) (Nov) -0.6% 2.9% 19:00 USD Personal Spending (MoM) (Nov) 0.3% 0.1% 20:30 USD Michigan Consumer Expectations (Dec) 82.0 82.0 20:30 USD Michigan Consumer Sentiment (Dec) 92.0 91.8 20:30 USD New Home Sales (MoM) (Nov) 2.0% 10.7% 20:30 USD New Home Sales (Nov) 505K 495K Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date– 23–DEC GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4900 TARGET 1.4920 1.4950 SL 1.4870 SELL GBP/USD BELOW 1.4870 TARGET 1.4850 1.4820 SL 1.4900 EUR/USD HOURLY CHART The dollar mildly weakened ahead of a final report on U.S. third-quarter growth, due later Tuesday. BUY EUR/USD ABOVE 1.0960 TARGET 1.0980 1.1010 SL 1.0930 SELL EUR/USD BELOW 1.0930 TARGET 1.0910 1.0880 SL 1.0960 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.