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– 19–NOV

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The GBP/USD pair trades -0.09% lower at 1.5202, recovering from fresh session lows struck at

1.5189 in last hours. The cable trims losses and tires another attempt to extend further beyond

1.52 handle, supported by the minor correction seen in the US dollar across the board.

On the data front, the UK docket remains absolutely dry and therefore, markets will continue to

digest the upbeat inflation reports publish from both the UK and US. While the sentiment on the

European stocks will also influence further moves on the risk-currency GBP.

However, the main market moving event for today is likely to be the FOMC minutes, as markets

have almost bought in a Dec Fed rate rise. The pair has an immediate resistance at 1.5229/39

(Nov 16 & 17 High), above which 1.5257/66 (20-DMA/ Nov 13 High) would be tested. On the flip

side, support is seen at 1.5179/70 (10-DMA/ 1h 200-SMA) below which it could extend losses to

1.5121 (daily S2).

FOREX -NZD/USD steady amid U.S. rate hike expectations

FOREX -Dollar eases, but still near 7-month highs

FOREX -AUD/USD slips lower in late trade

The euro rose against the dollar on Wednesday, but remained close to the seven-month trough

set in the previous session as diverging monetary policy expectations for the Federal Reserve and

the European Central Bank weighed.EUR/USD rose 0.31% to 1.0673, pulling back from Tuesday’s

lows of 1.0629, the weakest since April 16.Demand for the dollar continued to be underpinned by

expectations that the Fed will hike interest rates as soon as next month. In contrast, the ECB is ex-

pected to expand its quantitative easing program and possibly cut rates further into negative ter-

ritory at its December meeting.The euro gained ground against the yen and the pound, with EUR/

JPY up 0.18% to 131.6 and EUR/GBP rising 0.19% to 0.7007.The U.S. dollar index, which measures

the greenback’s strength against a trade-weighted basket of six major currencies, slid 0.17% to

99.55, not far from Tuesday’s highs of 99.84, the strongest since April 13.

Iforex Market Insight

Date– 19–NOV

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Thursday, November 19, 2015

00:30 USD FOMC Meeting Minutes

03:15 NZD PPI Input (QoQ) (Q3) -0.3%

05:20 JPY Adjusted Trade Balance -0.38T -0.36T

05:20 JPY Exports (YoY) (Oct) -2.1% 0.6%

05:20 JPY Trade Balance (Oct) -292B -115B

12:00 JPY BoJ Press Conference

15:00 GBP Core Retail Sales (MoM) (Oct) -0.5% 1.7%

15:00 GBP Core Retail Sales (YoY) (Oct) 3.9% 5.9%

15:00 GBP Retail Sales (MoM) (Oct) -0.5% 1.9%

15:00 GBP Retail Sales (YoY) (Oct) 4.2% 6.5%

16:30 GBP CBI Industrial Trends Orders (Nov) -10 -18

18:00 EUR ECB Publishes Account of Monetary Policy Meet-

ing

19:00 USD Initial Jobless Claims 271K 276K

19:00 USD Philadelphia Fed Manufacturing Index (Nov) -1.0 -4.5

20:30 USD Philly Fed Employment (Nov) -1.7

23:00 USD FOMC Member Lockhart Speaks

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP USD ABOVE 1.5240 TArGET 1.5260 1.5290 SL 1.5210

SELL GBP USD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230

GBP/USD HOURLY CHART

BUY EUR USD ABOVE 1.0700 TARGET 1.0720 1.0750 SL 1.0670

SELL EUR USD BELOW 1.0650 TARGET 1.0630 1.0600 SL 1.0680

Date– 19–NOV

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