Forex Market

31Aug

IForex Market Trading Signals and News – 31 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slips lower after downbeat U.K. data.
  • Forex – Aussie, kiwi slip lower vs. broadly stronger greenback.
  • Forex – Yen weaker in Asia as dollar gains continue.

EUR/USD

The pair continued to trade lower in choppy trading on Monday and it finished way above the intraday low at 1.1187, for a small loss of 10 pips or -0.08%. The cross traded in a narrow daily range of 50 pips with a high of 1.1208 and a low of 1.1158. Further, the pair closed the day well below the 61.8% Fibonacci retracement level at 1.13 on Monday. In the absence of fundamentals from Eurozone, all eyes were on the few U.S. announcements of the day. The PCE Index and Personal Spending were both in line with expectations, but the market’s reaction was still bearish regarding the pair as U.S. stock markets rebounded on Monday.

GBP/USD

The pound slipped lower agains the U.S. dollar on Tuesday, re-approaching a one-week trough after the release of downbeat U.K. data and as expectations for a U.S. rate hike before the end of the year continued to support the greenback.GBP/USD hit 1.3060 during European morning trade, the session low; the pair subsequently consolidated at 1.3068,shedding 0.28%.Cable was likely to find support at 1.2871, the low of August 18 and resistance at 1.3280, the high of August 26.The Bank of England earlier reported that net lending to individuals increased by £3.8 billion in July, compared to expectations for a £4.9 billion rise. Net lending to individuals increased by £5.1 billion in June, whose figure was revised from a previously estimated gain of £5.2 billion.

RECOMMENDATION :

BUY GBP/USD ABOVE 1.3130 TGT 1.3150 1.3180 SL 1.3100.
SELL GBP/USD BELOW 1.3050 TGT 1.3030 1.3000 SL 1.3080.

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

30Aug
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IForex Market Trading Signals and News – 30 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie falls to 4-month lows, kiwi holds steady vs. greenback.
  • Forex – Dollar gains furtehr in Asia on Yellen views, yuan drop noted.
  • Forex – Dollar gains in early Asia as Yellen remarks add support.

EUR/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

GBP/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3135 TGT 1.3155 1.3185 SL 1.3105.
  • SELL GBPUSD BELOW 1.3053 TGT 1.3033 1.3003 SL 1.3083.

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

29Aug

IForex Market Trading Signals and News – 29 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Dollar pops higher before retreating on Yellen comments
  • Forex – Dollar dips on downward U.S. GDP revision, Yellen speech eyed
  • Forex – Dollar little changed amid caution before Yellen speech

EUR/USD

EUR/USD is currently trading with a bullish bias. Yesterday, the pair retraced to the upper side and ended up breaking above 1.1276, although we anticipate further movements to the upper side, we cannot rule out the possibility of a breakout below 1.1267. If the latter is the case, then we expect a rally to the lowerside but should not go beyond 1.1222. This pair should be traded alongside GBP/USD, AUD/USD, NZD/USD and EUR/HKD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD

GBP/USD is currently trading with a declining upward momentum. As previously forecasted, the pair traded perfectly short but is currently retracing to the upper side. We expect a possible rebound from the level 1.3205 to continue short with an ideal target at 1.3134. Ideally, during this intraday, we expect this pair to trade on the lower ranges but should not close below 1.3134. This pair should be traded alongside GBP/JPY, GBP/CAD, GBP/NZD and GBP/HKD. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3265 TGT 1.3285 1.3315SL 1.3235
  • SELL GBP/USD BELOW 1.3130 TGT 1.3110 1.3080 SL 1.3160

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

26Aug
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IForex Market Trading Signals and News – 26 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – EUR/USD moderately higher despite weak Ifo data.
  • Forex – Aussie, kiwi move higher ahead of Yellen speech.
  • Forex – Yen trends weaker after corporate services, PBOC jawbones banks.

EUR/USD

The euro was moderately higher against the U.S. dollar on Thursday, despite the release of downbeat data from Germany, as sentiment on the greenback remained fragile ahead of a speech by Federal Reserve Chair Janet Yellen due on Friday.EUR/USD hit 1.1280 during European morning trade, the session high; the pair subsequently consolidated at 1.1272, up 0.08%.The pair was likely to find support at 1.1239, the low of August 17 and resistance at 1.1316, Wednesday’s high.Data earlier showed that the German Ifo Business Climate Index fell to 106.2 this month from a reading of 108.3 in July, missing forecasts for a rise to 108.5.

GBP/USD

GBP/USD is currently trading with a bearish bias. Yesterday, the pair traded short as previously forecasted but is yet to reach our target support level 1.3134. During this intraday, we expect a possible bearish price movements towards our previously set target o even lower. The current upward rally is a mere retracement and should not go beyond 1.3230, a clear breakout above this level may invalidate the anticipated downward rally. This pair should be traded alongside GBPCAD, GBP/NZD and GBP/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3245 TGT 1.3265 1.3295 SL 1.3215.
  • SELL GBPUSD BELOW 1.3160 TGT 1.3140 1.3110 SL 1.3190.

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

25Aug
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IForex Market Trading Signals and News – 25 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie, kiwi fall vs. greenback after downbeat data.
  • Forex – Aussie, Kiwi slightly down in Asia after data sets, Yellen eyed.
  • Forex – Kiwi weaker as trade disappoints, Yellen remarks key this week.

EUR/USD

EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded long as previously forecasted but ended up forming a perfect pin bar on the daily chart. We expect this previous day’s candle to culminate into a bearish reversal. Thus, during this intraday, we
anticipate a massive rally to the lower side and could close below 1.1222. This pair should be traded alongside NZD/USD, GBP/USD, and AUD/USD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD

GBP/USD is currently trading with a neutral bias to either sides of the market. Unless there is a clear breakout below 1.3176 or above 1.3205 we choose to remain flat for now.A clear breakout above 1.3205 will lead to a possible bullish price rally towards 1.3345
while a clear breakout below 1.3176 will culminate into a bearish price rally towards 1.3134. This pair should be traded alongside GBP/CHF, GBP/JPY, GBP/CAD and GBP/NZD.These pairs have a strong positive correlation of up to +0.90 and will have a similar price
action duing this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3245 TGT 1.3265 1.3295 SL 1.3215.
  • SELL GBPUSD BELOW 1.3160 TGT 1.3140 1.3110 SL 1.3190.

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

24Aug
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IForex Market Trading Signals and News – 24 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – EUR/USD trims gains after E.Z. PMI reports.
  • Forex – Aussie, kiwi move higher after Wheeler comments.
  • Forex – Kiwi gains further, yen Aussie also up as dollar dips in Asia.

EUR/USD

The euro trimmed gains against the U.S. dollar on Tuesday, after the release of mixed manufacturing and service sector activity data from the euro zone, although sentiment on the greenback remained fragile ahead of Friday’s speech by Federal Reserve Chair Janet Yellen.EUR/USD pulled back from 1.1355, the session high, to hit 1.1334 during European morning trade, still up 0.12%.The pair was likely to find support at 1.1268, Monday’s low and resistance at 1.1367, the high of August 18 and a nearly two-month high.Earlier Tuesday, research group Markit said Germany’s manufacturing purchasing managers’ index slipped to a two-month low of 53.6 in August from 53.8 the previous month, confounding expectations for a slip to 53.5.Germany’s services PMI fell to a 15-month low of 53.3 this month from 54.4 in July, compared to expectations for an unchanged reading.

GBP/USD

GBP/USD is currently trading with a bullish bias. Following the breakout above 1.3134, we remain long and expect a breakout above 1.3167 to culminate in to an new impulsive rally to the upper side. In the meantime, we wait for minor corrective rally to the lower side to
give us low risk buy opportunities with a target at 1.3345. This pair should be traded alongside EUR/USD, NZD/USD, AUD/USD, EUR/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3210 TGT 1.3230 1.3260 SL 1.3180.
  • SELL GBPUSD BELOW 1.3130 TGT 1.3100 1.3070 SL 1.3160.

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

23Aug
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IForex Market Trading Signals and News – 23 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie and kiwi move lower vs. stronger greenback.
  • Forex – Yen, Aussie fall further in Asia as Fischer views drive dollar.
  • Forex – Yen weaker in early Asia with focus this week on Yellen views.

EUR/USD

EUR/USD is currently trading with a bearish bias.Euro gapped down into our objective demand zone 1.1267-1.1276, unless there is a clear breakout below this zone, we expect a possible rebound from this zone to go long with an ideal target at 1.1312 or even higher. A clear breakout below 1.1267 will push the price further to the lower side but should not go beyond 1.1155. This pair should be traded alongside GBP/USD,AUD/USD, NZD/USD and EUR/HKD. These pairs have a strong positive correlation of up to +0.93 and will have a
similar price action during this intraday.

GBP/USD

GBPUSD is currently trading with a bearish bias. During the previous trading day on 19th August 2016 , our stop got hit when the price closed below $1.3115, following the breakout below $1.3077, we expect further movements to the lower side with our ideal target at $1.2997 or even lower. This pair should be traded alongside GBP/JPY, GBP/CHF, GBP/ CAD and GBP/NZD. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3120 TGT 1.3140 1.3170 SL 1.3090.
  • SELL GBPUSD BELOW 1.3013 TGT 1.2993 1.263 SL 1.3043.

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

22Aug
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IForex Market Trading Signals and News – 22 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slides lower despite positive U.K. data.
  • Forex – Yen weaker in early Asia as markets eye Fed debate on rate hikes.
  • Forex – Dollar moves higher vs. rivals, bounces off 7-week trough.

EUR/USD
EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded long as previously forecasted but is yet to reach our target resistance level at 1.13866. Euro is still pretty much bullish on the daily chart and may head further to the upper side. We expect the current downward movement to be a mere corrective pullback and should not go beyond 1.13080 from where we’ll be looking for potential low risk buy opportunities. This pair be traded alongside EUR/JPY, GBP/USD, NZD/USD and AUD/USD. These pairs have a
strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

GBP/USD

The pound slid lower against the U.S. dollar on Friday, despite the release of positive data from the U.K., as Thursday’s upbeat U.S. economic reports continued to lend support to the greenback.GBP/USD hit 1.3112 during European morning trade, the session low; the pair subsequently consolidated at 1.3115, declining 0.43%.Cable was likely to find support at 1.2976, Wednesday’s low and resistance at 1.3449, the high of August 4.The U.K. Office for National Statistics said that public sector net borrowing declined by £1.47 billion in July, compared to expectations for a £1.20 billion fall.Public sector net borrowing in creased by £7.51 billion in June, whose figure was revised from a previously estimated £7.31 billion gain.But the dollar remained supported after data on Thursday showed that initial jobless claims decreased by 4,000 to 262,000 last week, compared to expectations for a 1,000 decline to 265,000.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3087 TGT 1.3107 1.3137 SL 1.3057
  • SELL GBPUSD BELOW 1.3048 TGT 1.3028 1.2998 SL 1.3078

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

18Aug
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IForex Market Trading Signals and News – 18 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slips lower despite U.K. data
  • Forex – Aussie, kiwi move lower despite upbeat economic reports
  • Forex – Aussie down as dollar gains on Fed views, Moody’s affirms AAA.

EUR/USD

EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded perfectly long as previously forecasted and even hit our target resistance level 1.1276. The previous day’s candle chart is still pretty much bullish and may push the price further to the upper side, in
the meantime we wait for minor downward pullbacks towards 1.1222 to give us potential low risk buy opportunities. This pair should be traded alongside EUR/HKD, GBP/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

GBP/USD

The pound slipped lower against the U.S. dollar on Wednesday, despite the release of up beat U.K. employment data as new hopes for an upcoming rate hike by the Federal Reserve boosted demand for the greenback.GBP/USD hit 1.3011 during European morning
trade, the session low; the pair subsequently consolidated at 1.3015, shedding 0.24%.Cable was likely to find support at 1.2871, Tuesday’s low and resistance at 1.3178,the high of August 5.The U.K. Office for National Statistics said the unemployment rate remained at 4.9% in the three months to June, in line with forecasts.The claimant count fell by 8,600 in July, compared to expectations for a increase of 9,500 people, and following an advance of 900 a month earlier.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3140 TGT 1.3160 1.3190 SL 1.3110.
  • SELL GBPUSD BELOW 1.2985 TGT 1.2965 1.2935 SL 1.3015.

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

12Aug
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Financial Sgx Singapore Stock Market Trading Picks And News – 12 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.75 points or 0.20% lower to 2869.82, taking the year-to-date performance to – 0.45%.
  • The top active stocks today were Singtel, which gained 1.67%, UOB, which declined 1.00%, DBS, which declined 0.20%, OCBC Bank, which declined 0.24% and Sembcorp Marine, with a 5.39% advance.
  • The FTSE ST Mid Cap Index gained 0.09%, while the FTSE ST Small Cap Index rose 0.46%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 2.01%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources – ended 4.26% higher and 1.91% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which slipped 0.92%. Hongkong Land Holdings shares declined 1.21% and Global Logistic Properties declined 0.76%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (unchanged) ,SPDR Gold Shares (-0.61%) ,DBXT FTSE Vietnam ETF (+1.71%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%) ,CapitaLand Mall Trust (unchanged) ,CapitaLand Commercial Trust (unchanged)
  • The most active index warrants by value today were : HSI22800VTeCW160929 (+10.48%) ,HSI23800UBeCW161229 (+6.20%) ,HSI23000MBeCW160929 (+7.87%)
  • The most active stock warrants by value today were : DBS MB eCW170201 (+2.00%) ,UOB MB eCW170201 (-8.43%) ,DBS MB ePW170201 (-1.49%).

STOCK RECOMMENDATION :

  • BUY YUUZOO ABOVE 0.165 TGT 0.180 0.190 SL 0.155

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

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