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Epic Research Singapore : - Daily IForex Report of 02 February 2016

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Epic Research Singapore : - Daily IForex Report of 02 February 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– 02– Feb INTERNATIONAL CURRENCY BUZZ AUD/USD slips lower on China PMI report Forex Forex - -Kiwi falls against stronger greenback Kiwi falls against stronger greenback Forex Forex - - Yen remains on defensive after BoJ, euro subdued Yen remains on defensive after BoJ, euro subdued Forex Forex -AUD/USD slips lower on China PMI report EUR/USD EUR/USD has started the new trading week in subdued fashion, as the pair trades at 1.0850 in the European session. On the release front, Eurozone and German Manufacturing PMIs were very close to their estimates. In the US, today’s key event is the ISM Manufacturing PMI.The buy- ing interest around the common currency is picking up pace, pushing EUR/USD to daily tops in the 1.0865/70 area.Spot has gathered further upside momentum following a softer tone around the greenback, as market participants seem to be cashing up recent strong gains ahead of today’s US docket.Mixed results from European PMIs have passed largely unnoticed today, while the speech by President Draghi will take centre stage later in the European evening.The pair is now advancing 0.26% at 1.0863 facing the next resistance at 1.0969 (high Jan.28) followed by 1.1000 (psychological level) and then 1.1054 (200-day sma). GBP/USD The pound held gains against the dollar on Monday after data showing that U.K. factory activity grew at the fastest rate in three months in January, pointing to a modest improvement at the start of 2016.GBP/USD was up 0.43% at 1.4304 little changed from ahead of the data.Markit said that its U.K. manufacturing purchasing managers’ index rose to 52.9 from December’s 52.1, compared to expectations for a downtick to 51.8.On the index, a reading above 50.0 indicates industry expansion, below indicates contraction.Manufacturing output accelerated to a 19- month high the report said, but new export orders fell as the strong pound weighed and firms cut staffing levels.he U.S. dollar index, which measures the greenback’s strength against a trade- weighted basket of six major currencies, was at 99.51, holding below Friday’s highs of 99.88. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

  3. Iforex Market Insight Date– 02– Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, February 2, 2016 09:00 AUD Interest Rate Decision (Feb) 2.00% 2.00% 09:00 AUD RBA Rate Statement - - 11:00 INR Interest Rate Decision 6.75% 6.75% 13:45 CHF Retail Sales (YoY) (Dec) - -3.1% 15:00 GBP Construction PMI (Jan) 57.6 57.8 15:30 CHF SNB Chairman Thomas Jordan speaks - - 15:30 EUR Unemployment Rate (Jan) 10.5% 10.5% Tentative NZD GlobalDairyTrade Price Index - -1.4% 23:30 USD FOMC Member George Speaks - - Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

  4. Iforex Market Insight Date– 02– Feb GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4310 TARGET 1.4330 1.4370 SL 1.4270 SELL GBP/USD BELOW 1.4250 TARGET 1.4220 1.4180 SL 1.4290 EUR/USD HOURLY CHART BUY EUR/USD ABOVE 1.0860 TARGET 1.0880 1.0920 SL 1.0820 SELL EUR/USD BELOW 1.0830 TARGET 1.0810 1.0770 SL 1.0870 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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