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– 05–NOV

INTERNATIONAL CURRENCY BUZZ

EUR/USD

GBP/USD The GBP/USD pair continues consolidating in a tight range above the 1.5400 figure, but be-

low the weekly high set last Monday at 1.5446. The release of the UK final services PMI re-

sulted better than previously estimated in October, printing 54.9 against 53.3. The Pound en-

joyed some limited demand afterwards, and trades near the mentioned high, but showing no

upward momentum ahead of the BOE's Super Thursday. The pound has remained apathetic

after the UK’s Services PMI has surpassed expectations for the month of October, climbing to

54.9 vs. 54.5 initially forecasted and September’s 53.3.Spot is extending its overnight consoli-

dative pattern in the low-1.5400s today, although gains seems to be so far limited around

1.5430/35, ahead of the BoE’s ‘Super Tuesday’.

FOREX -U.S. bond yields, factory data boost dollar FOREX -Dollar sidelined as Aussie & kiwi take centre stage

FOREX -Dollar stands tall as risk appetite improves

The dollar was higher against the euro on Wednesday, building on the previous session’s

gains as investors continued to await Friday’s U.S. nonfarm payrolls report.The EUR/USD pair

trades -0.13% lower at 1.0950, retreating from fresh session lows of 1.0938. The EUR/USD

pair trades -0.39% lower at 1.0922, hovering close to fresh session lows struck at 1.0917 pre-

data release. The main currency pair extends its downward spiral and mires near lows after

the common currency failed to benefit from the upbeat final services PMI reports from the

Euro zone. The shared currency came under renewed selling pressure versus its American

counterpart in Asia after the ECB President Mario Draghi offered dovish comments, reiterat-

ing the need to re-examine the degree of monetary policy accommodation at the ECB’s De-

cember meeting.

Iforex Market Insight

Date– 05–NOV

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Thursday, November 5, 2015

01:00 USD FOMC Member Dudley Speaks - -

03:55 AUD RBA Governor Stevens Speaks - -

05:20 JPY Monetary Policy Meeting Minutes - -

06:00 USD FOMC Member Stanley Fischer Speaks - -

14:30 EUR ECB Economic Bulletin - -

15:30 MYR Interest Rate 3.25% 3.25%

15:30 EUR Retail Sales (MoM) (Sep) 0.2% 0.0%

17:15 EUR ECB President Draghi Speaks - -

17:30 GBP BoE Inflation Report - -

17:30 GBP BoE MPC vote cut (Nov) 0 0

17:30 GBP BoE MPC vote hike (Nov) 1 1

17:30 GBP BoE MPC vote unchanged (Nov) 8 8

17:30 GBP BoE QE Total (Nov) 375B 375B

17:30 GBP Interest Rate Decision (Nov) 0.50% 0.50%

19:40 USD FOMC Member Stanley Fischer Speaks - -

Iforex Market Insight

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5450 TARGET 1.5470 1.5500 SL1.5420

SELL GBP/USD BELOW 1.5310 TARGET 1.5280 1.5250 SL 1.5340

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.0960 TARGET 1.0980 1.1010 SL1.0930

BUY EUR/USD ABOVE 1.0960 TARGET 1.0980 1.1010 SL 1.0930

Date– 05–NOV

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