epic research singapore : - daily iforex report of 25 may 2016

8/16/2019 Epic Research Singapore : - Daily IForex Report of 25 May 2016

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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-


Date – 25 – May

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD

The pound strengthened against the dollar and the euro on Tuesday after a new opinio

poll showed the ‘Remain’ campaign with a big lead with one month to go until the refer

endum on Britain’s European Union membership.GBP/USD was up 0.79% at 1.4599, re

bounding from Monday’s lows of 1.4441.The latest ORB poll, published in Tuesday's Tele

graph newspaper, showed that the “Remain’ campaign has a 13-point lead over th

‘Leave’ campaign.support for remaining in the EU stood at 55%, while support for Brex

was at 42%.On Monday, British Prime Minister David Cameron said exiting the EU woul

be economic self-destruction, as he presented a finance ministry report warning of rece

sion, a sharp fall in the pound and half a million job losses.

EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair broke below th

rising channel and is currently trading below a very significant support level 1.12177. W

expect the just broken support level to act as a resistance to the current upward rally.

clear breakout above 1.12177 will lead to an acceleration to the upper-side but should no

go beyond 1.1283, while a clear rebound from this level will lead to a downward rally to

wards 1.1166. Ideally, the anticipated downward rally should be the continuation of wav

(c) but should not close below 1.1160. This pair should be traded alongside AUD/USD

EUR/HKD and NZD/USD. These pairs have a strong positive correlation of up to +0.95 an

will likely move in a similar direction during this intraday.

Forex - Aussie tumbles on talk of more interest rate cuts

Forex - Dollar pushes higher against yen, euro

Forex- Sterling jumps as Brexit poll shows ‘Remain’ campaign ahead




Date - 25 – May

www.epicresearch.sg

Iforex Market Insight Report By Epic Research Singapore

ECONOMIC CALENDAR

Time Cur Event Forecast Previous

Wednesday, May 25, 2016

02:05 USD API Weekly Crude Oil Stock -1.140M

02:05 USD API Weekly Cushing Crude Oil Stock 0.508M

04:15 NZD Trade Balance (MoM) (Apr) 60M 117M

04:15 NZD Trade Balance (YoY) (Apr) -3,940M -3,380M

07:00 AUD Construction Work Done (QoQ) (Q1) -1.5% -3.6%

Tentative EUR EU Finance Ministers Meeting

18:00 USD Goods Trade Balance (Apr) -60.10B -56.90B

18:30 USD FOMC Member Harker Speaks

19:15 USD Services PMI (May) 53.1 52.8

20:00 USD Crude Oil Inventories -2.500M 1.310M

20:00 USD Cushing Crude Oil Inventories 0.461M

21:10 USD FOMC Member Kashkari Speaks

23:30 USD FOMC Member Kaplan Speaks




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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.4601 TGT 1.4621 1.4651 SL 1.4571

SELL GBP/USD BELOW 1.4548 TGT 1.4528 1.4498 SL 1.4578

GBP/USD HOURLY CHART

BUY EURUSD ABOVE 1.1211 TGT 1.1231 1.1261 SL 1.1181

SELL EUR/USD BELOW 1.1167 TGT 1.1147 1.1107 SL 1.1197

Date - 25 – May



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epic research singapore : - daily iforex report of 25 may 2016

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