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– 03–DEC

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The GBP/USD pair trades lower this Wednesday, with the pair plunging to a fresh daily low of

1.5029 after the release of the UK Construction PMI, down to 55.3 in November against previous

58.8 and expectations of 58.2. The negative surprise adds to recent concerns over the slowing

pace of economic growth in the UK, which will ultimate result in a delay in a rate hike.Later to-

day, the US will release the ADP private survey, and some minor employment figures for Novem-

ber, which will be quite relevant ahead of the Nonfarm Payroll report to be released this Fri-

day. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted

basket of six major currencies, was at 99.95, not far from Monday’s highs of 100.36, the most

since mid-April. The weak data was seen as unlikely to prompt the Federal Reserve to delay hik-

ing rates next month, but sparked fears that further monetary tightening could hamper the U.S.

economic recovery.

The euro moved lower against the dollar and the other major currencies on Wednesday after

weak euro zone inflation data added to pressure on the European Central Bank to step up stimu-

lus measures.EUR/USD was down 0.45% to 1.0585, re-approaching Monday’s seven-month

trough of 1.0552, from around 1.0622 ahead of the data.Eurostat said the annual rate of inflation

in the euro zone rose just 0.1% in November, below forecasts of 0.2% and unchanged from the

previous month.Core inflation, which excludes energy, food and tobacco, rose just 0.9%, slowing

from 1.1% in October, indicating that inflationary pressures in the region are weakening.The U.S.

dollar index, which measures the greenback’s strength against a trade-weighted basket of six ma-

jor currencies, rose 0.26% to 100.14, not far from Monday’s highs of 100.36, the most since mid-

April.

Forex - Dollar falls from highs as U.S., euro zone data weigh Forex - Dollar recovers from downbeat data, edges back up Forex - Euro fragile before ECB meeting, lends support to

Iforex Market Insight

Date– 03–DEC

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Thursday, December 3, 2015

00:30 USD Beige Book - -

02:10 USD FOMC Member Williams Speaks - -

05:30 AUD HIA New Home Sales (MoM) (Oct) - -4.0%

06:00 AUD Trade Balance (Oct) -2.665B -2.317B

14:30 EUR Markit Composite PMI (Nov) 54.4 54.4

14:30 EUR Services PMI (Nov) 54.6 54.6

15:00 GBP Services PMI (Nov) 55.0 54.9

15:30 EUR Retail Sales (MoM) (Oct) 0.2% -0.1%

18:15 EUR Deposit Facility Rate (Dec) -0.30% -0.20%

18:15 EUR Interest Rate Decision (Dec) 0.05% 0.05%

19:00 USD FOMC Member Mester Speaks - -

19:00 USD Initial Jobless Claims 268K 260K

19:00 EUR ECB Press Conference - -

20:15 USD Markit Composite PMI (Nov) - 56.1

20:15 USD Services PMI (Nov) 56.5 56.5

20:30 USD Factory Orders (MoM) (Oct) 1.4% -1.0%

20:30 USD Fed Chair Yellen Testifies - -

20:30 USD ISM Non-Manufacturing Employment (Nov) - 59.2

20:30 USD ISM Non-Manufacturing PMI (Nov) 58.0 59.1

23:40 USD FOMC Member Stanley Fischer Speaks - -

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5070 TARGET 1.5090 1.5120 SL 1.5040

SELL GBP/USD BELOW 1.5030 TARGET 1.5010 1.4980 SL 1.5060

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.0640 TARGET 1.0660 1.0690 SL 1.0610

SELL EUR/USD BELOW 1.0580 TARGET 1.0560 1.0530 SL 1.0610

Date– 03–DEC

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