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Epic Research Singapore : - Daily IForex Report of 11 April 2016

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Epic Research Singapore : - Daily IForex Report of 11 April 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 – 11– Apr INTERNATIONAL CURRENCY BUZZ Forex-GBP/USD trims gains after weak U.K. data Forex -Dollar regains some ground but remains vulnerable Forex- Yen weaker as Yellen repeats on track for gradual rate hikes EUR/USD EUR/USD fell mildly on Thursday, as the minutes from the European Central Bank's March meeting depicted a broadly unified Governing Council on the prospects of implementing comprehensive easing measures as a means for boosting economic growth throughout the euro area.The currency pair traded in a tight range between 1.1338 and 1.1454, before closing at 1.1377, down 0.0022 or 0.19%. The euro closed above 1.13 versus the dollar for the seventh consecutive session. Over the last month of trading, the euro has surged more than 3.3% against its American counterpart amid strong indications that the Federal Re- serve and the ECB will avoid even sharper divergences at least for the time being.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15. GBP/USD The pound trimmed gains against the U.S. dollar on Friday, after the release of downbeat U.K. economic reports, although sentiment on the greenback remained vulnerable due to the Federal Reserve’s cautious stance on rate hikes.GBP/USD pulled back from 1.4140, the session high, to hit 1.4098 during European morning trade, still up 0.32%.Cable was likely to find support at 1.4004, the low of April 6 and a one-month low and resistance at 1.4280, the high of April 5.The U.K. Office for National Statistics reported on Friday that manufacturing production declined by 1.1% in February, compared to expectations for a 0.2% fall. Manufacturing production rose by 0.5% in January, whose figure was revised from a previously estimated 0.7% gain.Year-on-year, manufacturing production dropped 1.8% in February, confounding expectations for a 0.7% fall. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date - 11– Apr ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, April 11, 2016 04:15 NZD Electronic Card Retail Sales (YoY) (Mar) 9.3% 04:15 NZD Electronic Card Retail Sales (MoM) (Mar) 0.7% 05:20 JPY Core Machinery Orders (YoY) (Feb) -2.7% 8.4% 05:20 JPY Core Machinery Orders (MoM) (Feb) -12.4% 15.0% 07:00 AUD Home Loans (MoM) (Feb) 2.0% -3.9% 07:00 AUD Invest Housing Finance (MoM) (Feb) -1.6% 09:30 MYR Industrial Production (YoY) (Feb) 4.0% 3.2% Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date - 11- Apr GBP/USD HOURLY CHART BUY GBP USD ABOVE 1.4135 TARGET 1.4165 1.4195 SL 1.4105 SELL GBP USD BELOW 1.4100 TARGET 1.4080 1.4050 SL 1.4130 EUR/USD HOURLY CHART BUY EUR USD ABOVE 1.1405 TARGET 1.1435 1.1465 SL 1.1375 SELL EUR USD BELOW 1.1390 TARGET 1.1370 1.1340 SL 1.1425 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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