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Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.
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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– 24–NOV
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD The GBP/USD is trading very heavy in Asia, last at 1.5160 day lows, with the appreciation of the
USD across the board to blame, as the conviction of the Fed raising rates in December increases.
The pair is extending its decline from last Friday’s against a backdrop of increasing buying inter-
est around the US dollar. The greenback will be in the limelight today, as market participants will
remain vigilant on the Fed’s close meeting, expected during the European evening.
Data wise in the UK, the most relevant event will be the Financial Stability Report on Thursday
and advanced flash GDP figures during the third quarter (Friday).The pair is now losing 0.14% at
1.5171 with the immediate support at 1.5100 (psychological level) ahead of 1.5097 (23.6% Fibo
of 1.5023-1.5336) and then 1.5023 (low Nov.6). On the other hand, a break above 1.5305 (55-
day sma) would aim for 1.5336 (high Nov.19) and finally 1.5407 (100-day sma).
FOREX -Kiwi declines against greenback in late trade FOREX -Aussie drops against broadly stronger greenback
FOREX -Euro on defensive, pressured by ECB stimulus expectations
The euro fell to the lowest level in seven months against the dollar on Monday amid heightened
expectations that the European Central Bank will scale up its monetary easing program next
month.EUR/USD hit lows of 1.0600, the weakest since April 15 and was last at 1.0620.The single
currency remained under heavy selling pressure after ECB head Mario Draghi gave the clearest
signal yet that the bank may unveil fresh stimulus measures at its December meeting.The ECB is
ready to act quickly to boost inflation in the euro zone and can also change the level of its deposit
rate to boost the impact of quantitative easing, Draghi said on Friday.The comments came during
a conference in Frankfurt and underlined the diverging monetary policy expectations between
the Federal Reserve and the ECB.The U.S. dollar index, which measures the greenback’s strength
against a trade-weighted basket of six major currencies, hit seven-month highs of 100.04 on
Monday and was last at 99.91.
Iforex Market Insight
Date– 24–NOV
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Tuesday, November 24, 2015
13:45 CHF Employment Level (Q3) - 4.244M
14:00 EUR ECB's Costa Speaks - -
14:35 AUD RBA Governor Stevens Speaks - -
19:00 USD GDP (QoQ) (Q3) 2.0% 1.5%
19:00 USD GDP Price Index (QoQ) (Q3) 1.2% 1.2%
19:00 USD Goods Trade Balance (Oct) -61.80B -58.63B
19:30 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Sep) 5.2% 5.1%
20:30 USD CB Consumer Confidence (Nov) 99.5 97.6
Iforex Market Insight
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BU Y GBP/USD ABOVE 1.5180 TARGET 1.5210 1.5240 SL 1.5150
SELL GBP/USD BELOW 1.5120 TARGET 1.5100 1.5070 SL 1.5150
GBP/USD HOURLY CHART
BUY EUR/USD ABOVE 1.0650 TARGET 1.0670 1.0700 SL 1.0620
SELL EUR/USD BELOW 1.0600 TARGET 1.0580 1.0550 SL 1.0630
Date– 24–NOV
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