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–OCT

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD

The pound edged higher against the U.S. dollar on Wednesday, after data showed that the

U.K. economy grew in line with expectations in the second quarter, adding to optimism

over the health of the British economy.GBP/USD hit 1.5180 during European morning

trade, the session high; the pair subsequently consolidated at 1.5172, adding 0.13%.Cable

was likely to find support at 1.5125, Tuesday's low and a four-month low and resistance at

1.5242, Monday's high. The U.K. Office for National Statistics reported on Wednesday

that gross domestic product expanded at a rate of 0.7% in the three months to June,

meeting forecasts and unchanged from a preliminary estimate. The U.K. economy grew by

0.4% in the previous quarter. Sterling was also higher against the euro, with EUR/

GBP retreating 0.45% to 0.7394.

Forex - NZD/USD rises after N.Z. business confidence report

Forex - AUD/USD rises despite downbeat Australian housing data

Forex - Dollar gains against yen, euro lower

The euro remained lower against the dollar on Wednesday after data showing that the euro

area fell back into negative inflation this month, adding to pressure on the European Central

Bank to enlarge its stimulus program. Eurostat , the statistical body of the European Union, re-

ported that the annual rate of inflation in the single currency bloc fell by 0.1% this month, com-

pared to forecasts for a flat reading .It was the first time in six months that the region saw de-

clining inflation.EUR/USD was down 0.2% to 1.1226 from around 1.1220 ahead of the report.

The decline in consumer prices was largely due to lower oil prices Eurostat said, with energy

prices down 8.9% on a year-over-year basis.The shared currency has been hit by speculation

that the ECB could scale up its quantitative easing program after it cut its forecasts for growth

and inflation earlier this month .The euro index, which measures the single currency’s strength

against a trade-weighted basket of currencies, was down 0.16% to 89.77.

Iforex Market Insight

Date– 01–OCT

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Thursday, October 1, 2015

00:30 USD Fed Chair Yellen Speaks

05:00 AUD AIG Manufacturing Index 51.7

05:20 JPY Tankan All Big Industry CAPEX (Q3) 8.7% 9.3%

05:20 JPY Tankan Big Manufacturing Outlook Index (Q3) 10 16

05:20 JPY Tankan Large Manufacturers Index (Q3) 13 15

05:20 JPY Tankan Large Non-Manufacturers Index (Q3) 20 23

05:30 USD FOMC Member Brainard Speaks

12:45 CHF Retail Sales (YoY) 0.3% -0.1%

13:00 CHF SVME PMI (Sep) 51.8 52.2

13:30 EUR Manufacturing PMI (Sep) 52.0 52.0

14:00 GBP Manufacturing PMI (Sep) 51.3 51.5

18:00 USD Initial Jobless Claims 270K 267K

19:15 USD Manufacturing PMI (Sep) 53.0 53.0

19:30 USD ISM Manufacturing Employment (Sep) 50.7 51.2

19:30 USD ISM Manufacturing PMI (Sep) 50.6 51.1

Iforex Market Insight

Date– 01–OCT

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 1.5130 TARGET 1.5110 1.5080 SL 1.5160

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.1170 TARGET 1.1190 1.1220 SL 1.1140

SELL EUR/USD BELOW 1.1140 TARGET 1.1120 1.1090 SL 1.1170

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