Epic Research Singapore : - Daily IForex Report of 16 December 2015

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Iforex Market Insight

INTERNATIONAL CURRENCY

BUZZ

ECONOMIC CALENDAR

GBP/USD HOURLY CHART

EUR/USD HOURLY CHART

EPIC RESEARCH SINGAPORE



www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-


Date – 16 –DEC

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD

The GBP/USD pair trades slightly lower this Tuesday, hovering between gains and losses aroun

1.5150 ever since the day started. The release of UK inflation figures failed to support the Poun

despite the figures resulted better-than-expected, with the CPI rising by 0.1% in the year to N

vember. Monthly basis, inflation remained flat, against expectations of a 0.1% decline. The pr

ducer price index, however, continued to fall yearly basis, down by 1.5%. The technical picture

neutral, as in the 4 hours chart, the indicators are horizontal around their mid-lines, while th

price is being capped by the 20 SMA and the 200 EMA, both converging a few pips above th

current level. The pair will likely maintain the range during the upcoming hours, until the releas

of the US inflation data at the beginning of the American session, set to determinate market

tone for the rest of the day

.The dollar moved lower against the on Tuesday amid growing expectations that the greenba

could weaken in the wake of the Federal Reserve’s policy meeting later this week.EUR/USD h

highs of 1.1060, the most since October 30 and was last at 1.1049, up 0.52%.The U.S. dollar inde

which measures the greenback’s strength against a trade-weighted basket of six major currencie

was at 97.32, off 0.44% for the day.Most investors expect the U.S. central bank to raise intere

rates for the first time since June 2006 at its upcoming meeting on Wednesday.Higher intere

rates would make the dollar more attractive to yield-seeking investors in the long run, but a ra

hike could also trigger dollar selling in the immediate aftermath.With a rate hike priced in inve

tors are now focusing on how quickly the Fed will tighten monetary policy in 2016. The Fed h

indicated that the pace of rate hikes will be gradual.

Forex -NZD/USD climbs to 1-1/2 month highs ahead of Fed

Forex -AUD/USD edges higher after RBA minutes

Forex -Dollar moves lower as Fed meeting looms




Date – 16 –DEC

www.epicresearch.sg

Iforex Market Insight Report By Epic Research Singapore

ECONOMIC CALENDAR

Time Cur Event Forecast Previous

Wednesday, December 16, 201502:30 USD TIC Net Long-Term Transactions (Oct) - 33.6B

03:05 USD API Weekly Crude Oil Stock - -1.900M

03:15 NZD Current Account (QoQ) (Q3) -4.90B -1.22B

03:15 NZD Current Account (YoY) (Q3) -8.30B -8.30B

05:00 AUD RBA Assist Gov Debelle Speaks - -

13:30 EUR Manufacturing PMI (Dec) 52.8 52.8

13:30 EUR Markit Composite PMI (Dec) 54.2 54.2

13:30 EUR Services PMI (Dec) 54.1 54.2

15:00 GBP Average Earnings Index +Bonus (Oct) 2.5% 3.0%

15:00 GBP Claimant Count Change (Nov) 1.5K 3.3K

15:00 GBP Unemployment Rate (Oct) 5.3% 5.3%

15:30 EUR Core CPI (YoY) 0.9% 0.9%

15:30 EUR CPI (YoY) (Nov) 0.1% 0.1%

15:30 EUR CPI (MoM) (Nov) -0.2% 0.1%

15:30 EUR Trade Balance (Oct) 21.5B 20.5B

19:00 USD Building Permits (MoM) (Nov) -1.0% 4.1%

19:00 USD Building Permits (Nov) 1.150M 1.161M

19:00 USD Housing Starts (MoM) (Nov) 6.6% -11.0%

19:00 USD Housing Starts (Nov) 1.135M 1.060M

19:45 USD Industrial Production (MoM) (Nov) -0.1% -0.2%

20:15 USD Manufacturing PMI (Dec) 52.6 52.8

21:00 USD Crude Oil Inventories -2.000M -3.568M




www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5220 SL 1.5140

SELL GBP/USD BELOW 1.5140 TARGET 1.5120 1.5090 SL 1.517

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.1050 TARGET 1.1070 1.110 SL 1.020

SELL EUR/USD BELOW 1.1020 TARGET 1.1000 1.0970 SL 1.1050

Date – 16 –DEC



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Epic Research Singapore : - Daily IForex Report of 16 December 2015