Epic Research Singapore : - Daily IForex Report of 04 April 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 – 04 – Apr INTERNATIONAL CURRENCY BUZZ Dollar in doldrums before U.S. payrolls report Forex Forex - -Dollar slips lower ahead of U.S. nonfarm payrolls Dollar slips lower ahead of U.S. nonfarm payrolls Forex Forex- -Aussie remains in positive territory after China PMIs Aussie remains in positive territory after China PMIs Forex Forex - -Dollar in doldrums before U.S. payrolls report EUR/USD EUR/USD is curently trading with a bullish bias. Unfortunately, the pair hit our stop loss and is currently trading above it. Following the break above the resistance level 1.1323, we will remain long with our next target at 1.1492. However, in case the price turn bearish and ends up closing below 1.1323, then we will be looking for short positions with our target at 1.1175. A break be- low 1.1175 will push the price further low to 1.0822. This is however unlikely since the price is yet to fulfill the two waves wave (c) and wave ((c)). Both the two waves should end atleast along the level 1.1492. This pair should be traded alongside GBP/USD. This pairs have a strong positive correlation of up to +0.96 and will likely move in a similar direction during this intraday. Only buy or sell Euro, if the other positively correlated pair is giving the same signal. GBP/USD The pound slipped lower against the U.S. dollar on Friday, after data showed that U.K. manufac- turing activity expanded at a slower rate than expected this month, altough the greenback re- mained fragile ahead of the release of U.S. employment data later in the day.GBP/USD hit 1.4325 during European morning trade, the session low; the pair subsequently consolidated at 1.4345, slipping 0.13%.Cable was likely to find support at 1.4191, the low of March 29 and resistance at 1.4458, the high of March 30.Markit research group said its U.K. manufacturing purchasing man- agers’ index rose to 51.0 in March from 50.8 the previous month, disappointing expectations for an increase to 51.2.The U.K. economy expanded 2.1% on a year-over-year basis, better than the initial estimate of 1.9%.Meanwhile, sentiment on the dollar remained fragile as investors awaited the release of U.S. nonfarm payrolls and unemployment data later Friday, for further in- dications on the strength of the job market. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date - 04– Apr ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, April 4, 2016 06:30 AUD MI Inflation Gauge (MoM) (Mar) -0.2% 07:00 AUD ANZ Internet Job Ads (MoM) (Mar) -1.3% 07:00 AUD ANZ Newspaper Job Ads (MoM) (Mar) 6.9% 07:00 AUD Building Approvals (MoM) (Feb) 2.0% -7.5% 07:00 AUD Private House Approvals (Feb) -6.0% 07:00 AUD Retail Sales (MoM) (Feb) 0.4% 0.3% 10:30 INR Nikkei Markit Manufacturing PMI (Mar) 51.1 14:00 GBP Construction PMI (Mar) 54.2 18:30 SGD Manufacturing PMI (Mar) 48.5 19:15 USD ISM - NY Business Conditions (Mar) 720.8 19:30 USD CB Employment Trends Index (Mar) 129.10 19:30 USD Factory Orders (MoM) (Feb) -1.6% 1.6% 19:30 USD Factory orders ex transportation (MoM) (Feb) -0.2% Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date - 04- Apr GBP/USD HOURLY CHART BUY GBPUSD ABOVE 1.4422 TARGET 1.4442 1.4472 SL BELOW 1.4392 SELL GBPUSD BELOW 1.4311 TARGET 1.4291 1.4261 SL ABOVE 1.4341 EUR/USD HOURLY CHART BUY EURUSD ABOVE 1.1412 TARGET 1.1432 1.1462 SL BELOW 1.1382 SELL EURUSD BELOW 1.1365 TARGET 1.1345 1.1315 SL ABOVE 1.1395 Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

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