Epic Research Singapore : - Daily IForex Report of 27 January 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– 27– JAN INTERNATIONAL CURRENCY BUZZ NZD/USD moves higher but gains capped Forex Forex - -Dollar edges down but close to recent highs; Fed, BOJ in focus Dollar edges down but close to recent highs; Fed, BOJ in focus Forex Forex - -AUD/USD edges up despite disappointing NAB report AUD/USD edges up despite disappointing NAB report Forex Forex -NZD/USD moves higher but gains capped EUR/USD The EUR/USD pair trades 0.20% higher at fresh session highs of 1.0819, heading gradually towards hourly 50-SMA at 1.0841. The main currency extends its consolidative mode into early Europe and hovers near session tops, gathering pace for further upside towards 1.0850 region. With the Asian equities paring gains, the risk-on moods appear to have waned a bit and hence, lift the demand for the funding currency euro. Moreover, the gains in the EUR/USD pair can be also partly attributed to a broadly lower USD as well as to the extension of the post-ECB correction. Last week, Attention now remains on the German IFO surveys to provide fresh incentives on the EUR moves, while ECB Chief Draghi’s speech due later in the NY session will be closely eyed. GBP/USD The GBP/USD pair trades almost unchanged at 1.4267, quickly reversing a dip to lows at 1.4235, where 5-DMA coincides. The pound manages to recover ground somewhat against its American counterpart and now looks to reclaim 1.43 handle as risk-off moods appear to ease amid stabilizing European stocks. While the oil prices also trim losses and added to the renewed optimism in the markets.Moreover, broad based US dollar weak- ness continues to keep the downside restricted in the GBP/USD pair. While the recovery looks fragile on the back of strengthening EUR/GBP cross, which hovers near 0.76 handle, recording a 0.30% gain on the day.Next on tap, BOE Carney’s speech due tomorrow will take centrestage before the crucial FOMC statement due to be published on Wednesday. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date– 27– JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, January 27, 2016 Wednesday, January 27, 2016 03:05 USD API Weekly Crude Oil Stock - 4.600M 03:05 USD API Weekly Cushing Crude Oil Stock - 0.063M 06:00 AUD CPI (YoY) (Q4) 1.6% 1.5% 06:00 AUD CPI (QoQ) (Q4) 0.3% 0.5% 06:00 AUD NAB Business Confidence (Dec) - 5 06:00 AUD Trimmed Mean CPI (QoQ) (Q4) 0.5% 0.3% 12:30 GBP Nationwide HPI (MoM) (Jan) 0.5% 0.8% 12:30 GBP Nationwide HPI (YoY) (Jan) 4.6% 4.5% 15:00 GBP BBA Mortgage Approvals 45.5K 45.0K 20:30 USD New Home Sales (MoM) (Dec) 2.0% 4.3% 20:30 USD New Home Sales (Dec) 500K 490K 21:00 USD Crude Oil Inventories - 3.979M 21:00 USD Cushing Crude Oil Inventories - 0.191M Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date– 27– JAN GBP/USD HOURLY CHART BUY GBPUSD ABOVE 1.4310 TARGET 1.4330 1.4360 SL 1.4280 SELL GBPUSD BELOW 1.4235 TARGET 1.4215 1.4185 SL 1.4265 EUR/USD HOURLY CHART BUY EUR USD ABOVE 1.0837 TARGET 1.0857 1.0890 SL 1.0800 SELL EUR USD BELOW 1.0800 TARGTE 1.0770 1.0735 SL 1.0830 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

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