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Epic Research Singapore : - Daily IForex Report of 09 April 2015
Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.
orex- Dollar slides against rivals before Fed meeting minutes.
Forex- GBP/USD rises as markets eye Fed meeting minutes.
Forex- Euro holds gains despite weak euro zone retail sales.
GBP/USD hit 1.4903 during European morning trade, the session high; the pair subsequently
consolidated at 1.4891, climbing 0.55%.The pound was higher against the U.S. dollar on
Wednesday, as demand for the greenback weakened ahead of the minutes of the Federal Re-
serve's latest policy meeting, expected later in the day. Cable was likely to find support at
1.4797, Tuesday's low and resistance at 1.4982, the high of April 6.Market participants were
eyeing the Fed's upcoming meeting minutes for indications on the central bank's next policy
moves after Friday's downbeat jobs data fuelled uncertainty over the timing of a rate hike.
EUR/USD was at 1.0863, up 0.45% for the day, little changed from ahead of the report. The
euro held gains against the dollar on Wednesday despite data showing that euro zone retail
sales fell in February, snapping four straight months of gains. The European Union’s statistics
agency Eurostat reported that retail sales fell 0.2% in February, in line with market expecta-
tions. On a year-over-year basis, retail sales rose 3.0% also in line with forecasts. The report
said gasoline sales fell for the first time since September, indicating that the boost to consumer
spending from lower oil prices may be waning.
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
INTERNATIONAL CURRENCY BUZZ
Iforex Market Insight
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
Time Cur. Event Forecast Previous
Thursday, April 9, 2015
04:31 GBP RICS House Price Balance (Mar) 15% 14%
11:30 EUR German Industrial Production (MoM) (Feb) 0.2% 0.6%
11:30 EUR German Trade Balance (Feb) 20.1B 19.7B
14:00 GBP Trade Balance (Feb) -9.00B -8.41B
14:00 GBP Trade Balance Non-EU (Feb) -2.00B -1.75B
16:30 GBP BoE QE Total (Apr) 375B 375B
16:30 GBP Interest Rate Decision (Apr) 0.50% 0.50%
17:30 RUB Central Bank reserves (USD) 360.8B
18:00 USD Initial Jobless Claims 285K 268K
18:00 CAD Building Permits (MoM) (Feb) 5.0% -12.9%
18:00 CAD New Housing Price Index (MoM) (Feb) 0.1% -0.1%
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