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Epic Research Singapore : - Daily IForex Report of 31 December 2015

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Epic Research Singapore : - Daily IForex Report of 31 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– 31–DEC INTERNATIONAL CURRENCY BUZZ Forex -Dollar holds steady vs. euro, yen in holiday-thinned trade Forex -GBP/USD almost unchanged, near 8-month low Forex -Dollar edges higher vs. rivals in quiet trade EUR/USD The dollar held steady against the euro on Wednesday, as upbeat U.S. data released the day be- fore continued to support but trading volumes remained thin ahead of the New Year holi- day.Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books, reducing liquidity in the market which could result in exaggerated moves.EUR/USD was steady at 1.0930.The dollar strengthened after the Conference Board re- ported on Tuesday that its consumer confidence index rose to 96.5 in December from 92.6 in No- vember, whose figure was revised from a previously estimated 90.4.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 98.27. GBP/USD The GBP/USD pair trades 0.12% higher at fresh session highs of 1.4839, having found renewed strength around 1.4815 levels. The cable manages to recover lost ground somewhat and extends its recovery mode above 1.48 handle on the back of risk-on sentiment persisting in Asia spurred by higher global equities. Moreover, mixed US dollar trading against its major competitors also lends support to the much-need pullback in the cable. Meanwhile, the pound is likely to remain pressured heading into the New Year on divergent central banks’ monetary policy outlooks espe- cially after the surprisingly dovish comments from BOE policy maker Martin Weale last week. Mr. Weale, a BOE hawk, said that the BOE shouldn’t raise rates in 2016 as wage pressures remain subdued. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 31–DEC ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, December 31, 2015 All Day Holiday Japan - Exchange Holiday All Day Holiday Switzerland - New Year's Eve 19:00 USD Initial Jobless Claims 270K 267K 20:15 USD Chicago PMI (Dec) 49.8 48.7 23:30 USD Baker Hughes U.S. Rig Count 538 Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 31–DEC GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4840 TARGET 1.4860 1.4890 SL 1.4810 SELL GBP/USD BELOW 1.4780 TARGET 1.4760 1.4730 SL 1.4810 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0950 TARGET 1.0970 1.1000 SL 1.0920 SELL EUR/USD BELOW 1.0900 TARGET 1.0880 1.0850 SL 1.0930 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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