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15-MAY-2014

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EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

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INTERNATIONAL CURRENCY BUZZ

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Forex - Euro steady vs. dollar, rebounds against pound Forex - Pound touches 3-week lows vs. dollar after BoE report Forex - Pound off highs vs. dollar after U.K. jobs report, BoE ahead EUR/GBP EUR/USD was trading at 1.3721, up 0.15% for the day after falling to lows of 1.3688 late Tuesday, the weakest since April 4.The pair is likely to find support at 1.3688 and resistance at 1.3770, Tuesday’s high.The euro has come under heavy selling pressure in recent sessions after the European Central Bank indicated late last week that it could ease monetary policy as soon as its next meeting in June, to stop inflation in the euro zone from falling too low.The euro fell to session lows against the yen earlier Wednesday and weakened to a more than one-and-a-half year low against sterling following reports that the ECB is preparing to cut rates next month.Reuters reported that the ECB is preparing a “package of measures” including cuts to all interest rates, with negative rates on bank deposits, as well as measures to bolster lending to small and medium size businesses.The report cam GBP/USD GBP/USD hit lows of 1.6760, the weakest since April 16 and was last trading at 1.6785, down 0.23% for the day.Cable was likely to find support at 1.6600 and resistance at 1.6881.In its quarterly Inflation Report the BoE said it now expects economic growth of 2.9% in 2015, up from 2.7% in its February report, and said the rate of growth this year would remain unchanged at 3.4%.The bank said it expects annual inflation to be close to its 2% target over the next two to three years if interest rates in the U.K. rise in line with expectations in financial markets.The BoE's Monetary Policy Committee said there has been a "modest narrowing" in the amount of slack in the economy over the past three months but added that there is scope to further reduce slack before hiking rates.

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DAILY ECONOMIC DATA

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EPIC'S ANALYST SPEAKS GBP/USD Hourly Chart

INTRADAY OUTLOOK Support: 1.6750 Resistance: 1.6790 RECOMMENDATION: 1. Buy GBP/USD Above 1.6790- TG: 1.6710/ 1.6740 SL 1.6765 2. Sell GBP/USD Below 1.6750- TG: 1.6730/ 1.6700 SL 1.6780 YOUR MINTVISORY

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EPIC'S ANALYST SPEAKS EUR/USD Hourly Chart

INTRADAY OUTLOOK Immediate Support: 1.3680 Immediate Resistance: 1.3735 RECOMMENDATION: 1. Buy EUR/USD Above 1.3735- TG: 1.3755/1.3785 SL 1.3710 2. Sell EUR/USD Below 1.3680- TG: 1.3660/1.3630 SL 1.3705 YOUR MINTVISORY

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Daily iforex signals report by epicresearch 15th may 2014