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– 28–SEP

INTERNATIONAL CURRENCY BUZZ

GBP/USD

EUR/USD

EUR/USD fell mildly on Friday, as currency traders reacted to relatively hawkish com-

ments from Federal Reserve chair Janet Yellen hours earlier, providing a strong likeli-

hood that the U.S. central bank will raise short-term interest rates over the next

three months.The currency pair wavered between a range of 1.1117 and 1.1296, be-

fore settling at 1.1195, down 0.0037 or 0.33% on the session. The euro has now

closed lower against the American dollar in five of the last seven sessions. For the

week, the euro lost nearly 1% in value against its American counterpart.EUR/USD

likely gained support at 1.1088, the low from September 4 and was met with resis-

tance at 1.1625, the high from Aug. 25.

Forex - AUD/USD holds steady near 2-1/2 week lows Forex - NZD/USD rises despite downbeat N.Z. trade balance Forex - Yen weaker in Asia in light data day, NZ trade gap widens

The pound edged lower against the U.S. dollar on Friday, re-approaching a three-week

trough as new hopes for a U.S. rate hike before the end of the year sent the greenback

broadly higher.GBP/USD hit 1.5206 during European morning trade, the session low;

the pair subsequently consolidated at 1.5221, slipping 0.12%.Cable was likely to find

support at 1.5168, the low of September 7 and resistance at 1.5369, the high of Sep-

tember 23.In a speech late Thursday, Fed Chair Janet Yellen said she expected the cen-

tral bank to begin raising rates later in 2015, as long as inflation remained stable and

the U.S. economy was strong enough to boost employment.The comments came after

a string of U.S. data released on Thursday painted a mixed picture of the health of the

economy.

Iforex Market Insight

Date– 28–SEP

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Monday, September 28, 2015

18:00 USD Core PCE Price Index (YoY) (Aug) 1.2%

18:00 USD Core PCE Price Index (MoM) (Aug) 0.1% 0.1%

18:00 USD Personal Income (MoM) (Aug) 0.4% 0.4%

18:00 USD Personal Spending (MoM) (Aug) 0.3% 0.3%

18:00 USD Real Personal Consumption (MoM) (Aug) 0.2%

19:30 USD Pending Home Sales (MoM) (Aug) 0.5% 0.5%

19:30 USD Pending Home Sales Index (Aug) 110.9

20:00 USD Dallas Fed Mfg Business Index (Sep) -15.8

22:30 USD Dallas Fed PCE (Aug) 1.30%

Iforex Market Insight

Date– 28–SEP

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5210 TARGET 1.5230 1.5260 SL 1.5180

SELL GBP/USD BELOW 1.5170 TARGET 1.5150 1.5120 SL 1.5200

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE 1.1200 TARGET 1.1220 1.1250 SL 1.1170

SELL EUR/USD BELOW 1.1170 TARGET 1.1150 1.1120 SL 1.1200

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