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– 09–NOV

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD

The pound fell to one-month lows against the U.S. dollar on Friday, despite the release of upbeat

U.K. economic reports as demand for the greenback remained broadly supported ahead of highly-

anticipated U.S. jobs data due later in the day.GBP/USDhit 1.5164 during European morning trade,

the pair's lowest since October 6; the pair subsequently consolidated at 1.5164, shedding

0.30%.Cable was likely to find support at 1.5137, the low of October 6 and resistance at 1.5247, the

high of October 6.Meanwhile, the dollar remained supported after Fed Chair Janet Yellen said on

Wednesday that a December rate hike is a "live possibility," depending on the data.Investors were

turning their attention to Friday's U.S. nonfarm payrolls report for further indications on the

strength of the job market.Sterling was also lower against the euro, with EUR/GBP adding 0.18% to

0.7169.

FOREX -Dollar hits fresh 3-month highs ahead of U.S. jobs data

FOREX -Euro fall past $1.08 hangs on U.S. payroll numbers

FOREX -Dollar higher vs. euro, yen ahead of U.S. jobs data

The EUR/USD pair trades -0.13% lower at 1.0867, now testing session lows struck at 1.0863 pre-

European open. The main currency pair failed to surpass 1.0885-90 barrier on yet another occasion

and met fresh supply thereon, now heading towards Wednesday’s lows.Stabilizing European stocks

and fresh rally seen in the US dollar led to the sudden decline in the EUR/USD pair in last hours. As

we get closer to the US labour market report, the bid tone on the USD is expected to keep growing

bigger, with markets anticipating stronger jobs data (above 180k exp.) to confirm a Dec Fed rate

hike. The pair remains below 1.09 handle with the next hurdle in sight at 1.0921 (5-DMA) from

there to 1.0958/67 (10-DMA/ Nov 4 High). While to the downside, the immediate support is seen at

1.0842/32 (Nov 4 & 5 low). Selling pressure will intensify below the last, dragging the pair towards

1.0805/00 (daily S2/ psychological levels).

Iforex Market Insight

Date– 09–NOV

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Monday, November 9, 2015

04:00 SGD Foreign Reserves USD (MoM) (Oct) - 251.6B

04:30 EUR Sentix Investor Confidence (Nov) - 11.7

09:00 EUR Eurogroup Meetings - -

10:00 USD CB Employment Trends Index (Nov) - 128.80

16:45 NZD Electronic Card Retail Sales (MoM) (Oct) - 0.9%

16:45 NZD Electronic Card Retail Sales (YoY) (Oct) - 6.1%

18:50 JPY Bank Lending (YoY) (Oct) - 2.6%

18:50 JPY Current Account n.s.a. (Sep) 2.235T 1.653T

19:01 GBP BRC Retail Sales Monitor (YoY) (Oct) - 2.6%

19:30 AUD Home Loans (MoM) (Sep) - 2.9%

19:30 AUD Invest Housing Finance (MoM) (Sep) - -0.4%

19:30 AUD NAB Business Confidence (Oct) - 5

19:30 AUD NAB Business Survey (Oct) - 9

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP USD ABOVE 1.5055 TARGET 1.5075 1.5105 SL 1.5025

SELL GBP USD BELOW 1.5025 TARGET 1.5005 1.4975 SL 1.5055

GBP/USD HOURLY CHART

BUY EUR USD ABOVE 1.0755 TARGET 1.0775 1.0805 SL 1.0725

SELL EUR USD BELOW 1.0725 TARGET 1.0705 1.0675 SL 1.0755

Date– 09–NOV

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