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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-
Iforex Market Insight
Date– 17–NOV
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD The GBP/USD pair trades -0.21% lower at 1.5205, recovering from session lows struck at 1.5182.
The cable keeps losses this session as the greenback remained broadly higher, mainly benefiting
from renewed sell-off in EUR/USD.The major halted its downslide near Friday’s lows and recov-
ered slightly on improved risk-sentiment as the European stocks switched to gains ahead of the
Euro zone final CPI data.However, any recovery in the GBP/USD pair appears short-lived as the
overall bearish sentiment persists ahead of the key inflation report from the UK and the US due
to be released tomorrow. The pair has an immediate resistance at 1.5263/66 (20-DMA/ Nov 13
high), above which 1.5292/1.5300 (50-DMA/ round number) would be tested. On the flip side,
support is seen at 1.5185/82 (Nov 13 low/ Daily low) below which it could extend losses to
1.5150 (psychological levels).
FOREX -Euro falls to 6-month lows after Paris attacks FOREX -NZD/USD almost unchanged in late trade
FOREX -Aussie slips lower vs. broadly stronger greenback
The EUR/USD pair trades -0.46% lower at 1.0724, easing-off fresh session highs reached at
1.0759. The main currency pair bought back the opening dip, although failed to extend further
and slipped back below the daily R1 placed at 1.0734 levels as markets favour the US dollar amid
looming uncertainties surrounding the Euro zone following the weekend’s terror acts on
Paris.Moreover, the European indices are attempting recovery from steep losses seen at open,
which further reduces the demand for the euro as a safe-haven. The German benchmark, the
DAX turned positive and trades 0.10% higher, while the UK’s FTSE gains 0.41% and the Euro
Stoxx 50 advances 0.20%. Markets now await the Euro zone final CPI data due later shortly for
fresh incentives while the main event for this week remains the FOMC minutes.
Iforex Market Insight
Date– 17–NOV
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Tuesday, November 17, 2015
02:00 GBP CFTC GBP speculative net positions - 0.2K
02:00 USD CFTC Crude Oil speculative net positions - 246.2K
02:00 USD CFTC Gold speculative net positions - 116.3K
02:00 USD CFTC S&P 500 speculative net positions - -157.6K
02:00 AUD CFTC AUD speculative net positions - -38.6K
02:00 JPY CFTC JPY speculative net positions - -43.8K
02:00 EUR CFTC EUR speculative net positions - -134.3K
03:00 AUD RBA Assist Gov Kent Speaks - -
06:00 AUD Monetary Policy Meeting Minutes - -
07:30 NZD Inflation Expectations (QoQ) - 1.9%
15:00 GBP CPI (MoM) (Oct) 0.1% -0.1%
15:00 GBP CPI (YoY) (Oct) -0.1% -0.1%
15:00 GBP PPI Input (MoM) (Oct) 0.2% 0.6%
15:30 EUR ZEW Economic Sentiment 35.2 30.1
19:00 USD Core CPI (YoY) (Oct) 1.9% 1.9%
19:00 USD Core CPI (MoM) (Oct) 0.2% 0.2%
19:00 USD CPI (MoM) (Oct) 0.2% -0.2%
Tentative NZD GlobalDairyTrade Price Index - -7.4%
19:45 USD Industrial Production (MoM) (Oct) 0.1% -0.2%
23:05 USD FOMC Member Powell Speaks - -
Iforex Market Insight
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBP USD ABOVE 1.5235 TARGET 1.5265 1.5300 SL 1.5200
SELL GBP USD BELOW 1.5185 TARGET 1.5155 1.5100 SL 1.5220
GBP/USD HOURLY CHART
BUY EUR USD ABOVE 1.0730 TARGET 1.0760 1.0810 SL 1.0690
SELL EUR USD BELOW 1.0710 TARGET 1.0680 1.0640 SL 1.0740
Date– 17–NOV
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