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Epic Research Singapore : - Daily IForex Report of 24 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 24 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 – 24– May INTERNATIONAL CURRENCY BUZZ Forex- Yen moves higher after Japan trade data Forex - Dollar little changed, close to 3-week highs Forex- Aussie and kiwi rise vs. greenback amid profit-taking EUR/USD The euro slid to the day’s lows on Monday after data showing that growth in the euro area’s pri- vate sector slowed to a 16-month low in in May, despite solid growth in Germany and France, as other areas struggled.EUR/USD was down 0.17% at 1.1203, re-approaching last Thursday’s two- month lows of 1.1179.The preliminary reading of the euro zone composite purchasing managers’ index, which measures the combined output of both the manufacturing and service sectors, ticked down to a 16-month low of 52.9 from 53.0 in April.Economists had expected the index to rise to 53.2.The rate of business activity expansion in the dominant service sector was unchanged for a third successive month. But the rate of manufacturing output growth was the second- weakest since February 2015, the report said. GBP/USD GBP/USD is currently trading with a slight bullish bias. During the previous trading day on 20th May 2016, the pair traded massively short as previously forecasted and even hit out target sup- port level 1.4480. We expect the current upward rally to be the unfolding of wave (b) and should not break above 1.4543, a beak above this level (1.4543) will lead to an acceleration to the up- per side, while a clear rebound from this level will lead to the continuation of wave (c) but should not go below 1.4406. This pair should be traded alongside NZD/USD, AUD/USD and GBP/ HKD. These pairs have a strong positive correlation of up to +0.89 and will likely have a similar price action during this week. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date - 24– May ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, May 24, 2016 04:00 USD FOMC Member Harker Speaks 08:35 AUD RBA Governor Stevens Speaks 11:30 EUR German GDP (YoY) (Q1) 1.5% 1.3% 14:30 EUR German ZEW Current Conditions (May) 48.7 47.7 14:30 EUR ZEW Economic Sentiment 23.4 21.5 Tentative EUR Eurogroup Meetings 19:30 USD New Home Sales (MoM) (Apr) 2.0% -1.5% Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date - 24– May GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4548 TGT 1.4568 1.4598 SL 1.4518 SELL GBP/USD BELOW 1.4461 TGT 1.4441 1.4411 SL 1.4491 EUR/USD HOURLY CHART BUY EURUSD ABOVE 1.1242 TGT 1.1262 1.1292 SL 1.1212 SELL EUR/USD BELOW 1.1201 TGT 1.1181 1.1151 SL 1.1231 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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