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– 23–DEC

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The pound edged higher against the U.S. dollar on Tuesday, even after data showed that

public sector net borrowing rose more-than-expected last month as demand for the

greenback slightly weakened ahead of a U.S. economic growth report due later in the day.

Trading volumes were expected to remain limited ahead of the Christmas Holiday.GBP/

USD hit 1.4930 during European morning trade, the session high; the pair subsequently

consolidated at 1.4893, easing up 0.09%.Cable was likely to find support at 1.4861, the

low of December 17 and resistance at 1.5003, the high of December 17.The U.K. Office for

National Statistics reported that public sector net borrowing rose to £13.56 billion in No-

vember from £6.75 billion in October, whose figure was revised from a previously esti-

mated £7.47 billion.Analysts had expected public sector net borrowing to rise to £11.00

billion last month.

The dollar was steady against the euro and the yen on Tuesday, as trading became more quiet

ahead of the Christmas Holiday and as investors awaited the release of U.S. economic growth

data due later in the day.EUR/USD was little changed at 1.0912.The dollar remained supported

after the Federal Reserve hiked interest rates by a quarter of a percentage point to a range be-

tween 0.25% and 0.5% in a widely expected move. It was the first rise in U.S. interest rates in

nearly 10 years.Market participants were eyeing the release of a final report on U.S. third-quarter

growth for further confirmation of the strength of the economy. The U.S. dollar index, which

measures the greenback’s strength against a trade-weighted basket of six major currencies, was

steady at 98.44.

Forex -Dollar holds steady vs. euro, yen ahead of U.S. GDP report Forex -Rupiah, Taiwan dollar and ringgit edge higher Forex -Dollar falls as euro rises after Spanish election

Iforex Market Insight

Date– 23–DEC

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Wednesday, December 23, 2015

All Day Holiday

Japan - Emperor's Birthday

03:05 USD API Weekly Crude Oil Stock 2.300M

03:15 NZD Trade Balance (MoM) (Nov) -810M -963M

03:15 NZD Trade Balance (YoY) (Nov) -3,760M -3,240M

09:30 MYR CPI (YoY) (Nov) 2.3% 2.5%

10:30 SGD CPI (YoY) (Nov) -0.7% -0.8%

13:30 CHF KOF Leading Indicators (Dec) 99.1 97.9

15:00 GBP Business Investment (QoQ) (Q3) 2.2% 2.2%

15:00 GBP Current Account (Q3) -21.5B -16.8B

15:00 GBP GDP (QoQ) (Q3) 0.5% 0.5%

15:00 GBP GDP (YoY) (Q3) 2.3% 2.3%

19:00 USD Core Durable Goods Orders (MoM) (Nov) 0.1% 0.5%

19:00 USD Core PCE Price Index (MoM) (Nov) 0.1% 0.0%

19:00 USD Core PCE Price Index (YoY) (Nov) 1.4% 1.3%

19:00 USD Durable Goods Orders (MoM) (Nov) -0.6% 2.9%

19:00 USD Personal Spending (MoM) (Nov) 0.3% 0.1%

20:30 USD Michigan Consumer Expectations (Dec) 82.0 82.0

20:30 USD Michigan Consumer Sentiment (Dec) 92.0 91.8

20:30 USD New Home Sales (MoM) (Nov) 2.0% 10.7%

20:30 USD New Home Sales (Nov) 505K 495K

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.4900 TARGET 1.4920 1.4950 SL 1.4870

SELL GBP/USD BELOW 1.4870 TARGET 1.4850 1.4820 SL 1.4900

The dollar mildly weakened ahead of a final report on U.S. third-quarter growth, due

later Tuesday.

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.0960 TARGET 1.0980 1.1010 SL 1.0930

SELL EUR/USD BELOW 1.0930 TARGET 1.0910 1.0880 SL 1.0960

Date– 23–DEC

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