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– 09–OCT

INTERNATIONAL CURRENCY BUZZ

GBP/USD

EUR/USD

The USD is falling against the EUR today, as investors awaited minutes of the last Federal Reserve

meeting for clues on monetary policy (18:00 GMT). September FOMC meeting was surprisingly

dovish and prompted expectations the Federal Reserve might postpone an interest rate to

2016. Fed funds futures currently do not have a 100% pricing in of a fed funds rate hike to 0.25%

until February of 2016. We think such opinions are too dovish and still expect a hike in Decem-

ber. However, today’s minutes are likely to be dovish, as they should shed some light on the rea-

sons for delaying a rate hike. The EUR/USD broke above the 1.1289 high on October 5 and psy-

chological level of 1.1300 today.The next key resistance level is the 61.8% of the 1.1460-1.1105

slide at 1.1324 and then the cloud top at 1.1341. Breaking above these levels will open the way

to the target of our long position.

FOREX -Dollar lower against euro, yen before Fed minutes FOREX -Aussie falls against greenback in late trade

FOREX -Yen gains despite weak core manufacturing figures

The pound edged up near two-week highs against the U.S. dollar on Thursday, as markets

awaited the Bank of England's interest rate decision, due later in the trading session.GBP/

USD hit 1.5337 during European morning trade, the session high; the pair subsequently consoli-

dated at 1.5330, easing up 0.08%.Cable was likely to find support at 1.5218, Wednesday's low

and resistance at 1.5369, the high of September 23.Later Thursday, the BoE was expected to

leave its benchmark interest rate at 0.50% and the level of its monthly asset purchases at £375

billion.Meanwhile, the dollar remained under pressure by diminished expectations for a rate

hike by the Fed this year in the wake of last Friday's unexpectedly weak U.S. jobs report for Sep-

tember.

Iforex Market Insight

Date– 09–OCT

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

ECONOMIC CALENDAR

Time Cur. Event Forecast Previous

Friday, October 9, 2015

01:00 USD FOMC Member Williams Speaks

06:00 AUD Home Loans (MoM) (Aug) 5.0% 0.3%

14:00 GBP Trade Balance (Aug) -10.00B -11.08B

14:00 GBP Trade Balance Non-EU (Aug) -2.50B -3.46B

18:00 USD Export Price Index (MoM) (Sep) -0.2% -1.4%

18:00 USD Import Price Index (MoM) (Sep) -0.5% -1.8%

18:40 USD FOMC Member Lockhart Speaks

Iforex Market Insight

Date– 09–OCT

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

EUR/USD HOURLY CHART

BUY GBP/USD ABOVE 1.5340 TARGET 1.5360 1.5390 SL 1.5310

SELL GBP/USD BELOW 1.5280 TARGET 1.5260 1.5230 SL 1.5310

GBP/USD HOURLY CHART

BUY EUR/USD ABOVE1.1300 TARGET 1.1320 1.1350 SL 1.1270

SELL EUR/USD BELOW 1.1240 TARGET 1.1220 1.1190 SL 1.1270

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