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Epic Research Singapore : - Daily IForex Report of 30 December 2015

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Epic Research Singapore : - Daily IForex Report of 30 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– 30–DEC INTERNATIONAL CURRENCY BUZZ Forex -Dollar little changed as trading volumes remain light Forex -Swedish crown soars, yuan hits 4-1/2-month low in offshore trade Forex -Yen gets boost from souring risk sentiment, crude slide hits loonie EUR/USD The EUR/USD pair rises 0.08% to 1.0976, retreating from daily highs reached at 1.0983 lev- els. The main currency pair maintains the bid tone in Asia and fights hard to break through 1.10 barrier, with the broad based US dollar weakness collaborating to the upside in the pair. The USD index trades -0.08% lower at 97.92.However, further upmoves lack momen- tum in light of no major economic drivers ahead, as the macro calendar is expected to re- main empty until the NY session. Moreover, thin trading and irregular volatility also re- stricts further upside in EUR/USD amid holiday-thinned markets as we progress towards the New Year. GBP/USD The pound held steady against the U.S. dollar on Tuesday, as trading volumes remained thin after Christmas and ahead of the New Year.Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books, re- ducing liquidity in the market which could result in exaggerated moves.GBP/USD hit 1.4914 during European morning trade, the session high; the pair subsequently consoli- dated at 1.4889.Cable was likely to find support at 1.4815, the low of December 23 and resistance at 1.4947, the high of December 25.Market participants were eyeing a report on U.S. consumer confidence due later in the day after mixed U.S. economic reports re- leased last week failed to offer clues as to how fast the U.S. central bank will raise interest rates next year. With the first U.S. rate hike since 2006 out of the way, investors are now focusing on the pace of future rate increases. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 30–DEC ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, December 30, 2015 03:05 USD API Weekly Crude Oil Stock - -3.600M 12:30 GBP Nationwide HPI (MoM) (Dec) 0.5% 0.1% 12:30 GBP Nationwide HPI (YoY) (Dec) 3.8% 3.7% 20:30 USD Pending Home Sales (MoM) (Nov) 0.5% 0.2% 21:00 USD Crude Oil Inventories -2.480M -5.877M Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 30–DEC GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4910TARGET 1.4930 1.4960 SL 1.4880 SELL GBPUSD BELOW 1.4860 TARGET 1.4840 1.4810 SL 1.4890 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0980 TARGET 1.1000 1.1030 SL 1.0950 SELL EUR/USD BELOW 1.0960 TARGET 1.0940 1.0910 SL 1.0990 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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