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Epic Research Singapore : - Daily IForex Report of 29 December 2015

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Epic Research Singapore : - Daily IForex Report of 29 December 2015

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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– 29–DEC INTERNATIONAL CURRENCY BUZZ Forex -Dollar recovers vs yen, Aussie falls back Forex -Yen gets boost from souring risk sentiment, crude slide hits loonie Forex -Canadian dollar struggles as weaker oil weighs on commodity currencies EUR/USD The dollar edged lower against the EUR on Monday, as investors continued to lock in prof- its from the greenback’s recent rally and as trading volumes remained thin ahead of the New Year holiday.Global financial markets closed early on Thursday, Christmas Eve, and re- mained shut for Christmas Day on Friday.Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility.EUR/USD edged up 0.22% to 1.0987.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.12% at 97.89. GBP/USD The pound was almost unchanged against the U.S. dollar on Monday, as trading volumes remained thin ahead of the New Year holiday.Global financial markets closed early on Thursday, Christmas Eve, and remained shut for Christmas Day on Friday.Heading into the final week of the year, trading volumes are expected to remain light as many traders al- ready closed books due to the holiday period, reducing liquidity in the market and increas- ing volatility.GBP/USD hit 1.4935 during European morning trade, the session high; the pair subsequently consolidated at 1.4923.Cable was likely to find support at 1.4860, the low of December 24 and resistance at 1.5003, the high of December 17.However, the Fed funds futures currently suggests there will be just two rate increases, one in June and one in December.Mixed U.S. economic reports released last week failed to offer clues as to how fast the U.S. central bank will raise interest rates next year. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 29–DEC ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, December 29, 2015 02:00 GBP CFTC GBP speculative net positions - -16.9K 02:00 USD CFTC Crude Oil speculative net positions - 210.5K 02:00 USD CFTC Gold speculative net positions - 13.7K 02:00 USD CFTC S&P 500 speculative net positions - -75.3K 02:00 AUD CFTC AUD speculative net positions - -10.5K 02:00 JPY CFTC JPY speculative net positions - -26.6K 02:00 EUR CFTC EUR speculative net positions - -160.0K 19:00 USD Goods Trade Balance (Nov) -60.90B -58.41B 19:30 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Oct) 5.4% 5.5% 20:30 USD CB Consumer Confidence (Dec) 93.6 90.4 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 29–DEC GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4940TARGET 1.4960 1.4990 SL 1.0910 SELL GBPUSD BELOW 1.4920 TARGET 1.4900 1.4870 SL 1.4950 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.1000 TARGET 1.1020 1.1050 SL 1.0970 SELL EUR/USD BELOW 1.0940 TARGET 1.0920 1.0890 SL 1.0970 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.

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