Weekly IForex Market News Update Report by epicresearch 09th June 2014


Posted June 9, 2014 by epicsgx

EUR/USD was down 0.17% at 1.3639, up from a session low of 1.3621 and off a high of 1.3677.The pair was likely to find support at 1.3503, Thursday's low, and resistance at 1.3723, the high from May 21

 
EUR/USD
EUR/USD was down 0.17% at 1.3639, up from a session low of 1.3621 and off a high of 1.3677.The pair was likely to find support at 1.3503, Thursday's low, and resistance at 1.3723, the high from May 21.The U.S. Labor Department reported earlier that the economy added 217,000 in May, more or less in with expectations for a 218,000 increase, after a 282,000 rise in April, whose figure was revised down from a previously estimated 288,000 gain.The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain, which drew market applause and firmed the dollar.

GBP/USD
GBP/USD was down 0.14% at 1.6796, up from a session low of 1.6782 and off a high of 1.6845.Cable was likely to find support at 1.6699, Wednesday's low, and resistance at 1.6.458, the earlier high.The U.S. Labor Department reported earlier that the economy added 217,000 in May, more or less in with expectations for a 218,000 increase,
after a 282,000 rise in April, whose figure was revised down from a previously estimated 288,000 gain.The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain, which drew market applause and firmed the dollar.The report also showed that the U.S. unemployment rate remained unchanged at 6.3% last month
compared to expectations for a rise to 6.4%.The data, viewed by markets as not exceptionally robust, was still strong enough to keep expectations firm for the Federal Reserve to continue winding down its monthly bond-buying program, which weakens the dollar by suppressing long-term interest rates.

INTRADAY OUTLOOK
Support: 1.0900
Resistance: 1.0940

RECOMMENDATION:
1. Buy USD/CAD Above 1.0940- TG: 1.0980/ 1.1040 SL 1.0880
2. Sell USD/CAD Below 1.0900- TG: 1.0860/ 1.0800 SL 1.0960

INTRADAY OUTLOOK
Immediate Support: 1.6785
Immediate Resistance: 1.6820

RECOMMENDATION:
1. Buy GBP/USD Above 1.6820- TG: 1.6860/ 1.6920 SL 1.6760
2. Sell GBP/USD Below 1.6785- TG: 1.6745/ 1.6685 SL 1.6845

Epic Research is a leading global financial services provider. Headquartered in Indore, India, Epic has offices and representatives in U.S.A., Singapore, Australia and Middle East. With its full fledged research operations, Epic Research has proven itself as Investment Advisory Company that produces and delivers high accuracy tips and recommendations for the Singapore market –

SGX Equities
SGX Derivatives - Futures and Options
Global Commodities – Bullion, Energy and Agri
Forex & IForex– Major currency pairs


Our research is based around these services:

SGX Stock
IForex Signals


GET FREE TRIAL For 2 Days Contact Us on +6531581402
Or mail us here: [email protected] Or visit our site that is http://www.epicresearch.sg
or
http://www.epicresearch.sg/forex-trading-signals
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Epic Research Private ltd
Phone +6531581402
Business Address Singapore
Country Singapore
Categories Business , Finance
Tags sgx iforex , sgx stock recommendation , singapore iforex press release , weekly iforex pdf press release , weekly iforex press release , weekly iforex trading press release , weekly iforex pdf press release , weekly iforex trading press release , weekly pr on currency trading
Last Updated June 9, 2014