Epic Research Singapore : - Daily IForex Report of 04 February 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– Feb INTERNATIONAL CURRENCY BUZZ Yen pares back gains as oil prices edge higher Forex Forex - - Kiwi boosted by jobs data, Aussie pushes higher Kiwi boosted by jobs data, Aussie pushes higher Forex Forex - - Yen and euro stand tall, oil slide brings focus back to global woes Yen and euro stand tall, oil slide brings focus back to global woes Forex Forex -Yen pares back gains as oil prices edge higher EUR/USD The single currency has now recovered the smile, sending EUR/USD back to the 1.0930 area after testing lows near 1.0900.The current recovery of crude oil prices seem to be lending some support to the pair, which has managed to bounce off session lows in the boundaries of 1.0900 the figure.Mixed results from January’s Services PMI in the euro area have passed largely unnoticed, while EMU’s Retail Sales have expanded 0.3% MoM during December, matching estimates.Ahead in the session, market consen- sus expects the ADP report to come in just below the 200K threshold and the ISM Non-manufacturing a tad lower to 55.1 for the last month.The pair is now advancing 0.10% at 1.0925 facing the next resis- tance at 1.0969 (high Jan.28) followed by 1.1000 (psychological level) and then 1.1053 (200-day sma). On the other hand, a break below 1.0777 (post-ECB low Jan.21) would open the door to 1.0737 (38.2% Fibo of 1.0538-1.1059) and finally 1.0709 GBP/USD .The pound rose to three week highs on Wednesday after data showing that the dominant U.K. service sector posted another solid rise in output in January, getting 2016 off to a strong start.GBP/USD hit 1.4462, the most since January 13, up from around 1.4430 ahead of the data.The Markit services pur- chasing managers’ index ticked up to a five month high of 55.6 from Decembers 55.5. Analysts had ex- pected a slight downtick to 55.3.New business rose at the sharpest rate since last July, the report said, while service providers raised employment at the fastest pace since last October.But output growth was weaker than the trend rates achieved in 2013, 2014 and 2015 and the longer-term outlook for busi- ness activity hit a three-year low.“The three PMI surveys for January collectively point to a slight upturn in the rate of economic growth, consistent with GDP rising at a quarterly rate of 0.6% in the first quar- ter, up from 0.5% in the fourth quarter, if current levels are sustained,” Chris Williamson, chief econo- mist at Markit said. Iforex Market Insight Report By Epic Research Singa- www.epicresearch.sg

3. Iforex Market Insight Date– 04– Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, February 4, 2016 06:00 AUD NAB Quarterly Business Confidence - 0 12:15 CHF SECO Consumer Climate (Q1) -15 -18 13:30 EUR ECB President Draghi Speaks - - 14:30 EUR ECB Economic Bulletin - - 17:30 GBP BoE Inflation Report - - 17:30 GBP BoE MPC vote cut (Feb) 0 0 17:30 GBP BoE MPC vote hike (Feb) 1 1 17:30 GBP BoE MPC vote unchanged (Feb) 8 8 17:30 GBP BoE QE Total (Feb) 375B 375B 17:30 GBP Interest Rate Decision (Feb) 0.50% 0.50% 17:30 GBP BoE MPC Meeting Minutes - - 18:15 GBP BoE Gov Carney Speaks - - 19:00 USD Initial Jobless Claims 280K 278K 19:00 USD Nonfarm Productivity (QoQ) (Q4) -1.8% 2.2% 19:00 USD Unit Labor Costs (QoQ) (Q4) 3.9% 1.8% 20:30 USD Factory Orders (MoM) (Dec) -2.8% -0.2% Iforex Market Insight Report By Epic Research Singapore www.epicresearch.sg

4. Iforex Market Insight Date– 04– Feb GBP/USD HOURLY CHART BUY GBP/USD ABOVE 1.4480 TARGET 1.4500 1.4530 SL 1.4450 SELL GBP/USD BELOW 1.4220 TARGET 1.4200 1.4170 SL 1.4250 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.