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 – 29– Apr

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The GBP/USD pair advanced modestly after the London opening, spiking up to 1.4617, but is still

unable to firmly settle above the 1.4600 mark, and once again retreated. The dollar is generally

lower across the board, as BOJ's inaction during Asian trading hours, fueled demand of the JPY,

and put the USD under selling pressure.From a technical point of view, the 4 hours chart shows

that the price has managed to bounce from a bullish 20 SMA tested earlier today, and currently

at 1.4535. The technical indicators hold above their mid-lines but lack directional strength, re-

flecting the absence of volume in the ongoing session. the pair can rally up to the

1.4680/1.4700 region, whilst some steady gains beyond this last expose the 1.4770 price zone

for the upcoming sessions. Declines towards the 1.4530/40 region should be seen as buying op-

portunities, with the next intraday low and a line in the sand for today, at 1.4290.

The Euro to dollar exchange rate managed to gain strength recently and traded higher, but EUR/

USD is currently facing a major resistance.The US Dollar buyers did not like the fed outcome and

that is the reason why there was a minor decline in the greenback. The Euro climbed higher and

broke the 200 simple moving average on the 4-hours chart.Earlier today, the German Unemploy-

ment Change report was released by the German Statistics Office. The forecast was slated for no

change in April 2016, but as per the report, the German Unemployment Change came in at -

16K.The report added that “According to provisional results of the employment accounts, the

number of persons in employment increased by 150,000, or 0.3%, from February to March 2016,

one of the reasons being the spring upturn. The increase on February was higher than the rele-

vant average of the past five years (124,000 people)”.

Forex -Yen gains most in 5 years vs euro on BOJ surprise

Forex -Dollar drops against rivals after Fed decision

Forex-Kiwi and Aussie gain ground after RBNZ and Fed hold

Iforex Market Insight Date - 29- Apr

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Friday, April 29, 2016

All Day Holiday Japan - Showa Day

04:15 NZD Building Consents (MoM) (Mar) 10.8%

06:30 NZD ANZ Business Confidence (Apr) 3.2

07:00 AUD PPI (YoY) (Q1) 1.9%

07:00 AUD PPI (QoQ) (Q1) 0.2% 0.3%

07:00 AUD Private Sector Credit (MoM) (Mar) 0.6% 0.6%

09:15 AUD RBA Assist Gov Debelle Speaks

12:30 CHF KOF Leading Indicators (Apr) 102.8 102.5

13:30 CHF SNB Chairman Thomas Jordan speaks

14:30 EUR Core CPI (YoY) 0.9% 1.0%

14:30 EUR CPI (YoY) (Apr) -0.1% 0.0%

14:30 EUR GDP (QoQ) (Q1) 0.4% 0.3%

14:30 EUR GDP (YoY) (Q1) 1.4% 1.6%

14:30 EUR Unemployment Rate (Mar) 10.3% 10.3%

16:00 USD FOMC Member Kaplan Speaks

17:30 GBP BoE MPC Member Cunliffe Speaks

18:00 USD Core PCE Price Index (MoM) (Mar) 0.1% 0.1%

18:00 USD Core PCE Price Index (YoY) (Mar) 1.7%

18:00 USD Employment Cost Index (QoQ) (Q1) 0.6% 0.5%

18:00 USD Personal Spending (MoM) (Mar) 0.2% 0.1%

19:15 USD Chicago PMI (Apr) 53.0 53.6

19:30 USD Michigan Consumer Expectations (Apr) 80.2 79.6

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBPUSD ABOVE 1.4638 TARGET 1.4658 1.4688 SL BELOW 1.4608

SELL GBPUSD BELOW 1.4544 TARGET 1.4524 1.4494 SL ABOVE 1.4574

GBP/USD HOURLY CHART

BUY EURUSD ABOVE 1.137 TARGET 1.139 1.142 SL BELOW 1.4608

SELL EURUSD BELOW 1.134 TARGET 1.132 1.129 SL ABOVE 1.137

Date - 29- Apr

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