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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– 01–DEC
INTERNATIONAL CURRENCY BUZZ
EUR/USD
GBP/USD The pound slipped to a seven-month low against the U.S. dollar on Monday, after data showed
that U.K. net lending to individuals was in line with market expectations last month, as demand
for the greenback remained supported by hopes for a December rate hike in the U.S.GBP/
USD hit 1.5002 during European morning trade, the pair's lowest since April 23; the pair subse-
quently consolidated at 1.5013, down 0.10%.Cable was likely to find support at 1.4957, the low
of April 2 and resistance at 1.5109, Friday's high.Meanwhile, the dollar remained supported af-
ter a string of upbeat U.S. data released over the week added to expectations that the Federal
Reserve will raise interest rates next month.Sterling was steady against the euro, with EUR/
GBP at 0.7047.Earlier Monday, data showed that German retail sales fell 0.4% in October, com-
pared to expectations for a 0.4% rise and after a flat reading the previous month.
The EUR/USD pair trades modestly flat at 1.0589, recovering from session lows struck at 1.0571
in early Asia. The major attempts an anaemic recovery in anticipation of an uptick in retail sales
and consumer prices in the Euro zone’s economic powerhouse, which may offer the much-need
respite to the EUR bulls.Germany’s CPI growth is expected to show a 0.1% advance m/m in Nov,
after a flat result reported in Oct, while the Oct retail sales are predicted to show a 0.3% rise on a
monthly basis, following the flat result in September.However, the recovery is expected to remain
short-lived as the underlying monetary policy divergence between both continents remain in fo-
cus heading into this week’s ECB meeting.After a holiday-shortened last week, Monday’s trading
calendar offers significant economic news from Germany and the US. However, the macro data
may have limited impact as all eyes remain on the ECB decision.
Forex - NZD/USD higher after N.Z. business confidence data
Forex - Aussie holds steady against stronger greenback
FOrex - Euro off to calm start in event-laden week
Iforex Market Insight
Date– 01–DEC
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Tuesday, December 1, 2015
04:00 AUD AIG Manufacturing Index (Nov) - 50.2
05:20 JPY Capital Spending (YoY) (Q3) 2.3% 5.6%
06:00 AUD Building Approvals (MoM) (Oct) -2.3% 2.2%
06:00 AUD Current Account (Q3) -16.5B -19.0B
06:30 JPY BoJ Governor Kuroda Speaks - -
09:00 AUD Interest Rate Decision (Dec) 2.00% 2.00%
09:00 AUD RBA Rate Statement - -
12:15 CHF GDP (YoY) (Q3) 0.9% 1.2%
12:15 CHF GDP (QoQ) (Q3) 0.2% 0.2%
13:45 CHF Employment Level 4.240M 4.240M
13:45 CHF Retail Sales (YoY) (Oct) 0.4% 0.2%
14:00 CHF SVME PMI (Nov) 51.0 50.7
14:30 GBP BoE Gov Carney Speaks - -
14:30 EUR Manufacturing PMI (Nov) 52.8 52.8
15:00 GBP Manufacturing PMI (Nov) 54.0 55.5
15:30 EUR Unemployment Rate (Oct) 10.8% 10.8%
Tentative NZD GlobalDairyTrade Price Index - -7.9%
20:15 USD Manufacturing PMI (Nov) 52.6 52.6
20:30 USD ISM Manufacturing Employment (Nov) 48.5 47.6
20:30 USD ISM Manufacturing PMI (Nov) 50.4 50.1
Iforex Market Insight
www.epicresearch.sg Iforex Market Insight Report By Epic Research Singa-
EUR/USD HOURLY CHART
BUY GBP/USD ABOVE 1.5050 TARGET 1.5070 1.5100 SL 1.5020
SELL GBP/USD BELOW 1.5000 TARGET 1.4980 1.4950 SL 1.5030
GBP/USD HOURLY CHART
BUY EUR/USD ABOVE 1.0620 TARGET 1.0640 1.0670 SL 1.0590
SELL EUR/USD BELOW 1.0570 TARGET 1.0550 1.0520 SL 1.0600
Date– 01–DEC
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