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Epic Research Singapore : - Daily IForex Report of 23 May 2016

Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.

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Epic Research Singapore : - Daily IForex Report of 23 May 2016

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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 – 23– May INTERNATIONAL CURRENCY BUZZ Forex- USD/CAD trims gains but remains close to 6-week highs Forex - Dollar hits 3-1/2 week highs vs. broadly weaker yen Forex- Dollar moves back higher on upbeat U.S. housing data EUR/USD EUR/USD is steady on Friday, continuing the lack of movement which marked the Thursday session. The pair continues to hug the 1.12 line in the European session. On the release front, it’s a quiet end to the trading week. German PPI posted a small gain of 0.1%, edging above the forecast of 0.0%. Eurozone Current Account im- pressed, as the surplus surged to EUR 27.3 billion, well above the estimate of EUR 19.6 billion. Over in the US, the sole event on the schedule is Existing Home Sales. The markets are expecting an improvement in the April release, with an estimate of 5.40 million. GBP/USD GBP/USD is currently trading with a bearish bias. Yesterday, the pair retraced as pre- viously forecasted but did not reach our target 1.4543. As long as the level 1.4543 protects the lower side, expect an upward momentum but should not go above 1.4706-1.4729. Ideally, we anticipate a possible rebound from the level 1.4706 or a break below 1.4543 to go short . In an alternative case scenario, should the pair break above 1.4729, then we expect an acceleration to the upper side. This pair should be traded alongside GBP/JPY, GBP/HKD and GBP/CHF. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date - 23– May ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, May 23, 2016 05:20 JPY Exports (YoY) (Apr) -10.0% -6.8% 05:20 JPY Trade Balance (Apr) 493B 755B 10:30 SGD CPI (YoY) (Apr) -0.7% -1.0% 13:30 EUR Manufacturing PMI (May) 51.9 51.7 13:30 EUR Markit Composite PMI (May) 53.2 53.0 13:30 EUR Services PMI (May) 53.2 53.1 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date - 23– May GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4510-1.4508 TGT 1.4490 1.4470 SL 1.4540 SELL GBP/USD ABOVE 1.4540 TGT 1.4560 1.4590 SL 1.4510 EUR/USD HOURLY CHART BUY EURUSD ABOVE 1.1240 TGT 1.1260 1.1290 SL 1.1210 SELL EUR/USD BELOW 1.1180 TGT 1.1160 1.1130 SL 1.1210 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  5. EPIC RESEARCH SINGAPORE EPIC RESEARCH SINGAPORE HNI & NRI SALES CONTACT 1,Raffles Place # 44-02 Singapore(048616) 2117 Arbor Vista DR. Charlotte (NC) www.epicresearch.sg Cell:+1 704 249 2315 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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