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– 04–NOV

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The pound remained almost unchanged against the dollar on Tuesday after data showing that

the U.K. construction sector posted another month of solid growth in October.GBP/USD was last

at 1.5411 from around 1.5418 ahead of the data.The Markit U.K. construction purchasing man-

agers' index ticked down to 58.8 last month from 59.9 in September, matching economists’ fore-

casts.Business activity continued to rise in all three construction sub-categories, survey compiler

Markit said.The report came one day after a similar survey of the U.K. manufacturing sector

showed that activity expanded at the fastest rate in 16 months in October, bolstering the out-

look for fourth quarter growth. The Federal Reserve left rates on hold last week but indicated

that it could still raise interest rates for the first time since 2006 at its December meet-

ing.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted bas-

ket of six major currencies, was up 0.17% to 97.17.

FOREX -Higher risk appetite drives Aussie higher as RBA stands pat

FOREX -Dollar treads water, Aussie edges up after RBA stands pat

FOREX -Euro steady on ECB comments; yen falls on U.S., Europe data

The EUR/USD pair trades -0.34% lower at fresh session lows of 1.0977, moving further away

from 1.10 barrier. Growing monetary policy divergence between the Fed and ECB, with the for-

mer on track to raise rates this year and the ECB hinting last month of further easing in Dec, con-

tinues to weigh on the EUR/USD pair.Moreover, Monday’s better than expected US manufactur-

ing PMI reports further fuelled rate hike bets for this year and keeps the shorter-duration US

treasury yields underpinned, thus boosting the USD bulls. The 2-year treasury yields now rally

over 1.14% to 0.762%. Meanwhile the USD index rises 0.24% to 97.23.

Later in the day, markets eagerly await the US factory data and ECB Draghi’s speech due for fresh

insights on the EUR/USD pair. The EUR/USD pair finally gave away the 1.10 handle and acceler-

ated to the downside in the mid-European trades, failing to benefit from weak European stocks

amid broad based US dollar rebound

Iforex Market Insight

Date– 04–NOV

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Wednesday, November 4, 2015

00:30 EUR ECB President Draghi Speaks - -

03:05 USD API Weekly Crude Oil Stock - 4.100M

03:15 NZD Employment Change (QoQ) (Q3) 0.4% 0.3%

03:15 NZD Unemployment Rate (Q3) 6.0% 5.9%

06:00 AUD Retail Sales (MoM) (Sep) 0.4% 0.4%

06:00 AUD Trade Balance (Sep) -3.000B -3.095B

14:30 EUR ECB President Draghi Speaks - -

14:30 EUR Markit Composite PMI (Oct) 54.0 54.0

14:30 EUR Services PMI (Oct) 54.2 54.2

15:00 GBP Services PMI (Oct) 54.5 53.3

16:00 USD FOMC Member Brainard Speaks - -

18:45 USD ADP Nonfarm Employment Change (Oct) 180K 200K

19:00 USD Trade Balance (Sep) -41.10B -48.30B

20:15 USD Markit Composite PMI (Oct) - 54.5

20:15 USD Services PMI (Oct) 54.6 54.4

20:30 USD Fed Chair Yellen Testifies - -

20:30 USD ISM Non-Manufacturing Employment (Oct) - 58.3

20:30 USD ISM Non-Manufacturing PMI (Oct) 56.5 56.9

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5420 TARGET 1.5440 1.5470 SL 1.5390

SELL GBP/USD BELOW 1.5360 TARGET 1.5340 1.5310 SL 1.5390

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.1040 TARGET 1.1060 1.1090 SL 1.1010

SELL EUR/USD BELOW 1.0980 TARGET 1.0960 1.0930 SL 1.1010

Date– 04–NOV

The information and views in this report, our website & all the service we provide are believed to be reliable,

but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose

the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein

is based on analysis and up on sources that we consider reliable. This material is for personal information and

based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The report

does not provide individually tailor-made investment advice. Epic research recommends that investors inde-

pendently evaluate particular investments and strategies, and encourages investors to seek the advice of a fi-

nancial adviser. Epic research shall not be responsible for any transaction conducted based on the information

given in this report, which is in violation of rules and regulations .

The share price projections shown are not necessarily indicative of future price performance. The information

herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to

epic research might be holding positions in the stocks recommended. It is understood that anyone who is

browsing through the site has done so at his free will and does not read any views expressed as a recommen-

dation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of

the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market

has its own risks.

EPIC RESEARCH SINGAPORE