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– 01–DEC

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The pound slipped to a seven-month low against the U.S. dollar on Monday, after data showed

that U.K. net lending to individuals was in line with market expectations last month, as demand

for the greenback remained supported by hopes for a December rate hike in the U.S.GBP/

USD hit 1.5002 during European morning trade, the pair's lowest since April 23; the pair subse-

quently consolidated at 1.5013, down 0.10%.Cable was likely to find support at 1.4957, the low

of April 2 and resistance at 1.5109, Friday's high.Meanwhile, the dollar remained supported af-

ter a string of upbeat U.S. data released over the week added to expectations that the Federal

Reserve will raise interest rates next month.Sterling was steady against the euro, with EUR/

GBP at 0.7047.Earlier Monday, data showed that German retail sales fell 0.4% in October, com-

pared to expectations for a 0.4% rise and after a flat reading the previous month.

The EUR/USD pair trades modestly flat at 1.0589, recovering from session lows struck at 1.0571

in early Asia. The major attempts an anaemic recovery in anticipation of an uptick in retail sales

and consumer prices in the Euro zone’s economic powerhouse, which may offer the much-need

respite to the EUR bulls.Germany’s CPI growth is expected to show a 0.1% advance m/m in Nov,

after a flat result reported in Oct, while the Oct retail sales are predicted to show a 0.3% rise on a

monthly basis, following the flat result in September.However, the recovery is expected to remain

short-lived as the underlying monetary policy divergence between both continents remain in fo-

cus heading into this week’s ECB meeting.After a holiday-shortened last week, Monday’s trading

calendar offers significant economic news from Germany and the US. However, the macro data

may have limited impact as all eyes remain on the ECB decision.

Forex - NZD/USD higher after N.Z. business confidence data

Forex - Aussie holds steady against stronger greenback

FOrex - Euro off to calm start in event-laden week

Iforex Market Insight

Date– 01–DEC

www.epicresearch.sg Iforex Market Insight Report By Epic Research Singapore

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Tuesday, December 1, 2015

04:00 AUD AIG Manufacturing Index (Nov) - 50.2

05:20 JPY Capital Spending (YoY) (Q3) 2.3% 5.6%

06:00 AUD Building Approvals (MoM) (Oct) -2.3% 2.2%

06:00 AUD Current Account (Q3) -16.5B -19.0B

06:30 JPY BoJ Governor Kuroda Speaks - -

09:00 AUD Interest Rate Decision (Dec) 2.00% 2.00%

09:00 AUD RBA Rate Statement - -

12:15 CHF GDP (YoY) (Q3) 0.9% 1.2%

12:15 CHF GDP (QoQ) (Q3) 0.2% 0.2%

13:45 CHF Employment Level 4.240M 4.240M

13:45 CHF Retail Sales (YoY) (Oct) 0.4% 0.2%

14:00 CHF SVME PMI (Nov) 51.0 50.7

14:30 GBP BoE Gov Carney Speaks - -

14:30 EUR Manufacturing PMI (Nov) 52.8 52.8

15:00 GBP Manufacturing PMI (Nov) 54.0 55.5

15:30 EUR Unemployment Rate (Oct) 10.8% 10.8%

Tentative NZD GlobalDairyTrade Price Index - -7.9%

20:15 USD Manufacturing PMI (Nov) 52.6 52.6

20:30 USD ISM Manufacturing Employment (Nov) 48.5 47.6

20:30 USD ISM Manufacturing PMI (Nov) 50.4 50.1

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5050 TARGET 1.5070 1.5100 SL 1.5020

SELL GBP/USD BELOW 1.5000 TARGET 1.4980 1.4950 SL 1.5030

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.0620 TARGET 1.0640 1.0670 SL 1.0590

SELL EUR/USD BELOW 1.0570 TARGET 1.0550 1.0520 SL 1.0600

Date– 01–DEC

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