Epic Research Singapore : - Daily IForex Report of 19 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– 19– JAN INTERNATIONAL CURRENCY BUZZ NZD/USD holds steady in late trade Forex Forex - -AUD/USD climbs higher after China move AUD/USD climbs higher after China move Forex Forex - -Dollar rises against yen as yuan firms up Dollar rises against yen as yuan firms up Forex Forex -NZD/USD holds steady in late trade EUR/USD The EUR/USD pair trades around the daily lows as the European stock markets opened on a posi- tive note. The currency pair recovered slightly from the 5-DMA support located at 1.0875; how- ever, the recovery is being capped on account of a 0.7% gain in the Euro Stoxx 50 index. As of now, the European investors have turned a blind eye towards the sharp drop in oil prices. The positive action in equities is capping demand for safe haven and funding currencies. The shared currency remains at the mercy of the overall market sentiment amid an empty economic calen- dar in Europe and US. The volumes may drop later as the US markets are closed on account of Martin Luther King holiday. The pair currently trades at 1.0880. The immediate resistance is seen at 1.0890 (38.2% of 1.1495-1.0517), above which the spot could test 1.0943 (Thursday’s high). On the other hand, a break below 1.0875 (5-DMA) would expose 1.0813 GBP/USD It seems the sterling is recovering the smile today, lifting GBP/USD back above the 1.4300 handle to the 1.4315/20 band.The pair has managed to leave the area of multi-year lows seen last week around 1.4240, advancing at the beginning of the week to daily highs beyond the 1.4300 handle. The pair’s oversold condition following the recent sharp retracement might be acting as the main driver behind today’s correction, amidst a context favourable to the greenback and specu- lative positioning still net-short GBP.The pair is now up 0.37% at 1.4305 and a break above 1.4490 (downtrend from 1.5232) would open the door to 1.4626 (20-day sma) and finally 1.4947 (high Dec.24). On the flip side, the immediate support lines up at 1.4247 (low Jan.15) ahead of 1.4230 (monthly low Apr.2010) and then 1.4049 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date– 19– JAN ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, January 19, 2016 02:30 NZD NZIER Business Confidence (Q4) - -14% 13:45 CHF PPI (MoM) (Dec) 0.2% 0.4% 15:00 GBP CPI (MoM) (Dec) 0.1% 0.0% 15:00 GBP CPI (YoY) 1.2% 1.2% 15:00 GBP CPI (YoY) (Dec) 0.2% 0.1% 15:00 GBP PPI Input (MoM) (Dec) -1.8% -1.6% 15:30 EUR Core CPI (YoY) (Dec) 0.9% 0.9% 15:30 EUR CPI (YoY) (Dec) 0.2% 0.2% 15:30 EUR CPI (MoM) (Dec) -0.1% -0.1% 15:30 EUR ZEW Economic Sentiment 27.9 33.9 17:30 GBP BoE Gov Carney Speaks - - Tentative NZD GlobalDairyTrade Price Index - -1.6% Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date– 19– JAN GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4300 TARGET 1.4320 1.4350 SL 1.4270 SELL GBP/USD BELOW 1.4270 TARGET 1.4250 1.4220 SL 1.4300 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0900 TARGET 1.0920 1.0950 SL 1.0870 SELL EUR/USD BELOW 1.0870 TARGET 1.0850 1.0820 SL 1.0900 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

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