Iforex Market Insight
INTERNATIONAL CURRENCY BUZZ
ECONOMIC CALENDAR
GBP/USD HOURLY CHART
EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE
Iforex Market Insight Date –05– Sep
INTERNATIONAL CURRENCY BUZZ Forex - GBP/USD holds near one-month highs after U.K. PMI Forex - Yen weaker as eyes turn to U.S. jobs, G-20 summit Forex - Aussie, yen nearly flat in Asia as U.S. nonfarm payrolls awaited
EUR/USD The pound held steady near one-month highs against the U.S. dollar on Friday, after the release of upbeat U.K. construction data, as investors remained cautious ahead of a highly-anticipated U.S. employment report due later in the day. GBP/USD hit 1.3293 during European morning trade, the session high; the pair subsequently consolidated at 1.3275. Cable was likely to find support at 1.3123, Thursday’s low and resistance at 1.3372, the high of August 3. Research group Markit said on Friday thats its U.K. construction purchasing managers’ index rose to 49.2 in August from 45.9 the previous month, beating expectations for an increase to 46.1.The data came a day after Markit said its U.K. manufacturing PMI rose to a 10-month high of 53.3 this month from a reading of 48.2 in July.
GBP/USD The dollar was mostly unchanged against other major currencies on Friday, as investors remained cautious ahead of a highly-anticipated U.S. employment report amid growing speculation over a near-term rate hike by the Federal Reserve. EUR/USD held steady at 1.1196. The greenback had weakened after the Institute for Supply Management said on Thursday that its manufacturing activity index dropped to 49.4 last month from July’s reading of 52.6. It was the worst reading since January and missed expectations for a slight drop to 52.0.
Iforex Market Insight Report By Epic Research Singa-
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Iforex Market Insight Date – 05– Sep
ECONOMIC CALENDAR Time
Cur.
Event
Forecast
Previous
Monday, September 5, 2016
All Day
Holiday
India - Ganesh Chaturthi
All Day
Holiday
United States - Labor Day
07:00
AUD
Company Gross Operating Profits (QoQ) (Q2)
13:30
EUR
Markit Composite PMI (Aug)
53.3
53.3
13:30
EUR
Services PMI (Aug)
53.1
53.1
14:00
GBP
Manufacturing PMI (Aug)
48.2
14:00
GBP
Services PMI (Aug)
47.4
14:30
EUR
Retail Sales (MoM) (Jul)
Iforex Market Insight Report By Epic Research Singapore
-4.7%
0.4%
0.0%
www.epicresearch.sg
Iforex Market Insight Date – 05– Sep
GBP/USD HOURLY CHART
BUY GBP/USD ABOVE 1.3290 TGT 1.3310 1.3340 SL 1.3260 SELL GBP/USD BELOW 1.3252 TGT 1.3232 1.3202 SL 1.3282
EUR/USD HOURLY CHART
BUY EUR/USD ABOVE 1.1208 TGT 1.1228 1.1258 SL 1.1178 SELL EUR/USD BELOW 1.1175 TGT 1.1155 1.1125 SL 1.1205
Iforex Market Insight Report By Epic Research Singa-
www.epicresearch.sg
EPIC RESEARCH SINGAPORE
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