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– 02–DEC

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The pound pared gains against the U.S. dollar on Tuesday, after the release of disappointing U.K.

manufacturing data, although positive news for the British banking sector continued to support.

GBP/USD pulled back from 1.5126, the pair's highest since November 26, to hit 1.5085 during

European morning trade, still up 0.18%.Cable was likely to find support at 1.4990, Monday's low

and a seven-month low and resistance at 1.5197, the high of November 23.Research group

Markit reported on Tuesday that its U.K. manufacturing purchasing managers' index fell to 52.7

last month from a revised reading of 55.2 in October. Analysts had expected the index to decline

to 53.6 in November.But the pound remained supported after Bank of England Governor Mark

Carney said that no new wave of capital regulation was scheduled for U.K. banks.It was the cen-

tral bank's second public stress test, as it seeks to boost investor confidence in the U.K. financial

sector.

The EUR/USD pair is attempting an extension of gains above 1.06 levels amid weak European

stocks and on the back of an uptick in the German PMI manufacturing index and drop in German

unemployment rate. The pair is trading well above its hourly 100-MA located at 1.0596 levels.

The shared currency was sitting just above 1.06 handle ahead of the German and Eurozone PMI

reports mainly on account of the slight weakness in the European equities. The gains were ex-

tended to a high of 1.0618 levels after the German PMI in November revised higher to 52.9. Euro-

zone PMI came in as expected at 52.8. The German unemployment rate dropped to a new multi-

year low of 6.3%. Ahead in the day, the pair could be influenced by the US ISM manufacturing in-

dex and sentiment on the Wall Street.

Forex - Dollar slips lower vs. yen, euro but remains supported

Forex - ECB caution drives traders to buy back euro vs dollar

Forex - Dollar rises slightly, ECB meeting in sight

Iforex Market Insight

Date– 02–DEC

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Wednesday, December 2, 2015

03:05 USD API Weekly Crude Oil Stock - 2.600M

05:00 AUD RBA Governor Stevens Speaks - -

06:00 AUD GDP (QoQ) (Q3) 0.8% 0.2%

06:00 AUD GDP (YoY) (Q3) 2.4% 2.0%

06:30 USD FOMC Member Brainard Speaks - -

15:00 GBP Construction PMI (Nov) 58.2 58.8

15:30 EUR Core CPI (YoY) (Nov) 1.1% 1.1%

15:30 EUR CPI (YoY) (Nov) 0.2% 0.1%

18:40 USD FOMC Member Lockhart Speaks - -

18:45 USD ADP Nonfarm Employment Change (Nov) 190K 182K

19:00 USD Fed Chair Yellen Speaks - -

19:00 USD Nonfarm Productivity (QoQ) (Q3) 2.2% 1.6%

19:00 USD Unit Labor Costs (QoQ) (Q3) 1.1% 1.4%

19:30 USD FOMC Member Tarullo Speaks - -

21:00 USD Crude Oil Inventories -1.125M 0.961M

22:55 USD Fed Chair Yellen Speaks - -

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5120 TARGET 1.5140 1.5170 SL 1.5090

SELL GBP/USD BELOW 1.5060 TARGET 1.5040 1.5010 SL 1.5090

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.0620 TARGET 1.0640 1.0670 SL 1.0590

SELL EUR/USD BELOW 1.0580 TARGET 1.0560 1.0530 SL 1.0610

Date– 02–DEC

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