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 – 25– Apr

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The initial upside momentum in GBP/USD seems to have run out of steam near 1.4370,

prompting the current correction to the 1.4350/45 band.GBP/USD weekly upside capped

at 1.4440.Spot is so far recovering from two consecutive retracements after climbing as

high as the area of 1.4440 on Thursday, or weekly peaks.The pair, however, is advancing

for the second consecutive week with gains so far limited near 1.4430, where is located

the 20-day sma, amidst alleviated fears on a ‘Brexit’ scenario and rising rumours of some

sort of slowing in the UK economy.Nothing in the UK data space today, whereas Markit’s

flash manufacturing PMI is only due across the pond.

The EUR/USD pair showed mixed trading yesterday affected by the ECB president press

conference that followed the Euro rate decision that remained unchanged, as the price ap-

proached from the key resistance 1.1420, but it bounced downwards quickly to settle near

1.1264 support, and as long as the price is above this level, our positive overview will re-

main valid for the upcoming period, supported by stochastic move near the oversold ar-

eas.Therefore, we are waiting positive trading on the intraday and short term basis, and

breaching 1.1420 level will ease the mission of heading towards 1.1494 followed by 1.1700

levels, noting that it is important to hold above 1.1264 and 1.1245 levels to achieve the

suggested targets.

Forex - Dollar holds steady vs. euro, advances against yen

Forex - Euro steadies after sinking on ECB's Draghi comments

Forex- Yen sinks on report of Bank of Japan stimulus expansion

Iforex Market Insight Date - 25– Apr

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Monday, April 25, 2016

All Day Holiday Australia - ANZAC Day

All Day Holiday New Zealand - ANZAC Day

05:20 JPY Corporate Services Price Index (CSPI) (YoY) 0.2% 0.2%

09:30 MYR Unemployment Rate 3.4%

10:30 JPY Leading Index 99.8

19:30 USD New Home Sales (Mar) 520K 512K

20:00 USD Dallas Fed Mfg Business Index (Apr) -13.6

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP USD ABOVE 1.4425 TARGET 1.4445 1.4475 sl 1.4395

SELL GBP USD BELOW 1.4400 TARGET 1.4380 1.4350 SL 1.4430

GBP/USD HOURLY CHART

BUY EUR USD ABOVE 1.1240 TARGET 1.1260 1.1290 SL 1.1210

SELL EUR USD BELOW 1.1220 TARGET 1.1200 1.1170 SL 1.1250

Date - 25- Apr

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