Showing posts with label forex best signal update. Show all posts
Showing posts with label forex best signal update. Show all posts

Wednesday, August 10, 2016

GASOLINE UPDATE OF 10TH AUG'2016 BY EPIC RESEARCH



U.S. gasoline prices are set to fall below $2 a gallon on average in October and stay there through the winter, government forecasters said Tuesday.
The Energy Information Administration cut its price forecast for national average retail gasoline prices to $1.95 a gallon in the fourth quarter, down from last month’s forecast of $2.07 a gallon, according to the agency’s short-term energy outlook released Tuesday. The EIA expects gasoline prices to hold below $2 a gallon on average from October through February.

Gasoline prices have slid in recent weeks on concerns refiners have produced a glut of the fuel that is set to persist despite strong driving demand this summer. Gasoline futures  have fallen about 20% from a year ago, and U.S. oil futures are down about 5%.
“High gasoline production is leading to motor fuel inventories that are the highest on record for this time of year, which is helping to keep prices down at the pump,” EIA Administrator Adam Sieminski said in a statement.
The EIA also lowered its oil-price forecasts. The agency sees U.S. oil prices averaging $41.16 a barrel this year and $51.58 a barrel next year, down from its prior expectations of $43.57 a barrel in 2016 and $52.15 a barrel in 2017.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Saturday, June 18, 2016

Forex Market Update : Epic Research Singapore

The British pound logged Friday its first weekly gain in three weeks, as investors tempered worries that the U.K. might leave the European Union in next week’s referendum when both sides temporarily suspended their campaigns following the murder of a British lawmaker.

Speculation that the hiatus would bolster support for the “remain” vote strengthened the pound GBPUSD, +1.1055% which rose to $1.4362 Friday afternoon, its highest level in a week, after tumbling to a more than two-month low early Thursday. Over the week the pound gained 0.7% while the euro EURUSD, +0.4543%  gained 0.2%, ending Friday at $1.1282 from $1.1226 Thursday.

Broadly, the ICE U.S. Dollar index DXY, -0.49% a measure of the buck’s strength against a basket of six currencies, was down 0.4% on the day and 0.5% over the week to 94.17.

Meanwhile, the value of digital currency Ethereum tanked Friday after hackers stole the equivalent of more than $50 million from an organization that controls large amounts of the cryptocurrency.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Friday, June 3, 2016

Forex Market Update : Epic Research Singapore

The euro weakened against the dollar Thursday, but its decline was limited as European Central Bank President Mario Draghi expressed confidence that the central bank’s stimulus efforts would soon pay off.

As was widely expected, Draghi and his fellow policy makers left interest rates unchanged and said they would soon implement the changes to its stimulus program announced in March.

The shared currency EURUSD, -0.0179%  traded at $1.1147 late Thursday, compared with $1.1188 late Wednesday in New York.

The greenback USDJPY, +0.02%  traded at ¥108.89 late Thursday after briefly touching its weakest level in more than two weeks earlier in the session. By comparison, it traded at with ¥109.53 late Wednesday in New York.

The pound GBPUSD, -0.1387%  traded at $1.4434 late Thursday in New York, compared with $1.4416 late Wednesday.

That news was soon overshadowed by data showing U.S. crude supplies declined last week. The dollar was down 0.4% against the Brazilian real USDBRL, -0.3034% late Thursday in New York, while the dollar was up 0.2% against the Russian ruble USDRUB, -0.9861%

The currencies of other major oil exporters like the Canadian dollar USDCAD, -0.0382%  and Norwegian krone USDNOK, +0.0372% moved off their lows, but remained lower against the dollar on the day.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Thursday, June 2, 2016

Forex Market Update : Epic Research Singapore

The dollar dropped against the yen on Wednesday after Japanese Prime Minister Shinzo Abe surprised markets during the Asia trading session by announcing that he would delay a planned sales-tax hike by 2½ years.

The delay was longer than anticipated by most market strategists, indicating that Japan will likely continue deficit spending alongside its quantitative easing program for the foreseeable future, said Boris Schlossberg, managing director of currency strategy at BK Asset Management.

The dollar USDJPY, -0.48%  bought ¥109.52 late Wednesday in New York, remaining lower against its main rivals after the Federal Reserve’s beige book painted a picture of subdued economic growth in the U.S. By comparison, the U.S. currency was down 1.1% from ¥110.72 late Tuesday in New York.

These fears helped drive the British pound GBPUSD, +0.0624% lower to trade at $1.4408 late Wednesday in New York. That’s compared with $1.4479 late Tuesday.

On other currency trading, the euro EURUSD, +0.2056%  strengthened to $1.1188, compared with $1.1131 late Tuesday.

The ICE U.S. Dollar index DXY, -0.19% a measure of the buck’s strength against a basket of rival currencies, was down 0.5% at 95.4430.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Tuesday, May 31, 2016

Forex Market Update : Epic Research Singapore

The dollar advanced to a one-month high against the yen on n Monday, tracking its weekend gains after U.S. Federal Reserve Chairwoman Janet Yellen signaled an interest-rate rise was likely coming soon.

The dollar USDJPY, -0.04%  strengthened to ¥111.15 in the early afternoon Asia session, its highest since April 28, and remaining at those levels throughout Europe’s trading day. This compares with ¥110.38 late Friday in New York.

In other currency-pair trading, the euro EURUSD, +0.0808%  was at $1.1144 from $1.1115. The common currency EURJPY, +0.04%  was at ¥123.86 from ¥122.53.

The WSJ Dollar Index BUXX, -0.18% a measure of the dollar against a basket of major currencies, was up 0.12% at 87.91.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Saturday, May 28, 2016

Forex Market Update : Epic Research Singapore

The dollar extended gains Friday after Federal Reserve Chairwoman Janet Yellen said an interest-rate increase may be coming in a matter of “months,” if the economy continues to improve.

Her comments boosted the greenback, which had already been flirting with a two-month high against the euro after fresh data showed the U.S. economy grew in the first quarter at a faster pace than initially estimated.

Though the strong gross-domestic-product data had fueled speculation that the Fed might raise rates soon, Yellen’s comments still surprised some market-watchers who thought she would likely wait until a June 6 speech to crank up the rate-specific rhetoric.

The ICE U.S. Dollar index DXY, +0.59% a measure of the dollar’s strength against a basket of six rivals, was up 0.6% at 95.75, its highest level since March 28.

The euro EURUSD, -0.7146% fell to $1.1115 late Friday, from $1.1195 late Thursday in New York, its lowest level since March 28. Meanwhile the pound GBPUSD, -0.3272% fell to $1.4613 from $1.4662 late Thursday.

Late Friday, the dollar USDJPY, +0.46%  was changing hands at ¥110.33, compared with ¥109.75 late Thursday in New York.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Wednesday, May 18, 2016

Forex Market Update : Epic Research Singapore

The dollar finished flat against its main rivals Tuesday after a key gauge of U.S. inflation showed prices continued to rise in April.

The consumer-price index, a widely watched gauge of inflation pressures in the U.S., rose 0.4% in April as gasoline prices surged. Economists polled by MarketWatch had expected a gain of 0.3%. Other than a tick lower in March, key inflation indicators have risen so far this year as oil prices CLM6, +0.25%  have climbed.

The ICE U.S. Dollar index DXY, +0.18% a measure of the greenback’s strength against a basket of rivals, was flat at 94.5580 in recent trade.

One euro EURUSD, -0.2121%  bought $1.1318 late Tuesday in New York, compared with $1.1316 late Monday in New York. The dollar USDJPY, +0.14% traded at ¥109.10 late Tuesday, compared with ¥109.07 late Monday.

Meanwhile, the pound GBPUSD, -0.1659%  rose to $1.4456 late Tuesday, up from $1.4427 late Monday, after a recent poll suggested that support for a U.K. exit from the European Union has waned recently.

The Australian dollar AUDUSD, -0.4642%  traded at 73.24 U.S. cents late Tuesday, compared with 72.87 cents late Monday in New York.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Tuesday, May 17, 2016

Forex Market Update : Epic Research Singapore

The dollar weakened Monday against the euro and a host of other rivals after Federal Reserve data showed a decline in New York-area manufacturing activity.

The euro EURUSD, +0.0000%  rose to $1.1319 late Monday in New York, compared with $1.1308 late Friday, after the Empire State general business conditions index plummeted to a reading of negative 9 for early May, down from 9.6 in April.

That data weighed on global stocks and some emerging-market currencies, including the South African rand USDZAR, -0.3073% and Turkish lira USDTRY, -0.3359% market strategists said. Another notable exception to Monday’s broad-based dollar weakness was the yen. The greenback USDJPY, -0.04%  bought ¥108.97 late Monday in New York, compared with ¥108.65 late Friday.

New York-traded crude oil futures CLM6, +1.07%  settled at $47.72 a barrel, up 3.3% on the day. The rise helped support commodity-linked currencies like the Russian ruble, Canadian and Australian dollars against the greenback.

One dollar USDRUB, -0.0111%  bought 64.88 rubles late Monday, compared with 65.21 rubles late Friday in New York.

The ICE U.S. Dollar index DXY, -0.12% a measure of the buck’s strength against a basket of rival currencies, was down less than 0.1% to 94.5640.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Thursday, May 12, 2016

Forex Market Update : Epic Research Singapore

A key gauge of the dollar’s strength on Wednesday logged its first daily drop in six sessions as the buck weakened against the euro and yen.

The ICE U.S. Dollar index DXY, +0.03% a measure of the dollar’s strength against a basket of six rival currencies that includes the euro and yen, was down 0.5% to 93.8100 late Wednesday in New York — its first daily decline in six sessions.

The dollar USDJPY, +0.19%  weakened to ¥108.39 late Wednesday in New York, compared with ¥109.24 late Tuesday in New York. The euro EURUSD, +0.0088%  rose to $1.1427 late Tuesday, compared with $1.1370 late Tuesday.

The U.K. currency GBPUSD, -0.0485%  traded at $1.4455 late Wednesday in New York, little changed from its level late Tuesday.

The currency NZDUSD, +0.1173%  traded at 68.31 U.S. cents late Wednesday, little changed from its level late Tuesday in New York, but up from 67.20 cents earlier in the day.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Wednesday, May 11, 2016

Forex Market Update : Epic Research Singapore

The dollar rose Tuesday to its highest level against the yen in two weeks after Japan’s finance minister said warnings from U.S. Treasury officials wouldn’t stop Japan from trying to weaken its currency by selling yen in the open market.

One dollar USDJPY, -0.46%  bought ¥109.26 late Tuesday in New York, up 0.8% from ¥108.40 late Monday in New York. That represented the U.S. currency’s strongest level against its Japanese rival since April 28, the day the Bank of Japan surprised investors by leaving its monetary policy virtually unchanged, driving the yen to its largest one-day gain in seven years.

The ICE U.S. Dollar index DXY, -0.15% a measure of the greenback’s strength against a basket of six rival currencies, rose for a sixth straight day as weak industrial-production data out of Germany helped weighed on the euro. The index was up 0.2% at 94.2820, also its strongest level since April 28.

The shared currency EURUSD, +0.1231%  traded at $1.1368 late Tuesday in New York, compared with $1.1387 late Monday in New York.

In other Asia trading, the Philippine peso USDPHP, -0.0107%  logged its largest daily gain against the U.S. dollar since at least May 2014 after Rodrigo Duterte, a tough-on-crime politician that some have likened to Donald Trump, won the country’s presidential election.

The dollar tumbled 1.2% to 46.73 pesos late Tuesday, compared with 47.29 pesos late Monday in New York.

Chinese yuan USDCNY, -0.0875% traded in the onshore market continued to weaken against the dollar, finishing around levels last seen in late March that were initially reached Monday. Market strategists said this was consistent with the dollar’s recent weakness.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Thursday, May 5, 2016

Forex Market Update : Epic Research Singapore

The U.S. dollar shrugged off a number of mixed economic reports, including a weaker-than-expected private-sector employment data, and rose for a second day against its main rivals Wednesday.

A report on private-sector employment came in well below expectations, with employers adding 156,000 jobs in April, according to Automatic Data Processing Inc., short of the 193,000 economists had expected.

Meanwhile, factory orders rose modestly in March and services sector ISM data for April came in slightly stronger than expected.

The ICE U.S. dollar index DXY, -0.04% a measure of the dollar’s strength against a basket of six rival currencies, rose 0.3% at 93.193. The index added to previous sessions advance, which broke a six-day run of losses.

The euro EURUSD, -0.0087%  recouped earlier losses to trade at $1.1496 in late trade in New York, compared with $1.1499 late Tuesday in New York. The dollar USDJPY, +0.13%  strengthened to ¥106.9570, compared with ¥106.6870 late Tuesday.

The pound GBPUSD, +0.1449%  weakened to trade at $1.4499 compared to $1.4545 late Tuesday.

While the dollar weakened against its main rivals, it strengthened against commodity-linked currencies like the Canadian dollar USDCAD, -0.2642% as well as most developing-market currencies like the Mexican peso USDMXN, -0.4264%  and Turkish lira USDTRY, -0.6346%

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Friday, April 22, 2016

Forex Market Update : Epic Research Singapore

After briefly touching its highest level in more than a week, the euro slipped into negative territory against the dollar Thursday as European Central Bank President Mario Draghi left investors with few reasons to be bullish on the currency.

The shared currency EURUSD, +0.1152%  tumbled to $1.1293 late Thursday in New York, its weakest level since Monday, after earlier rising to a session high of $1.1397 as Draghi read his opening statement. Comparatively, the euro late Wednesday in New York stood at $1.1304.

The ICE U.S. Dollar index DXY, -0.14% a measure of the buck’s strength against six of its main rivals, was up 0.2% at 94.6540.

For the second time this week, the British pound showed unexpected resilience GBPUSD, +0.1606% in the face of weak economic data.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Wednesday, April 20, 2016

Forex Market Update : Epic Research Singapore

The U.S. dollar weakened Tuesday against the euro, pound and commodity-linked rivals like the Canadian dollar as oil prices rose and weak housing data dialed back expectations for the pace of Federal Reserve interest rate hikes.

The ICE U.S. Dollar index DXY, -0.08% a measure of the buck’s strength against a basket of six rival currencies, fell 0.6% to 93.9480. The euro EURUSD, +0.1321%  traded at $1.1379 late Tuesday in New York, compared with $1.1310 late Monday.

The dollar USDCAD, +0.2684%  weakened C$1.2638 late Tuesday, its weakest level against its Canadian rival since July. By comparison, it traded at C$1.2789 late Monday.

One dollar USDJPY, -0.20%  bought ¥109.11 late Tuesday in New York, compared with ¥108.95 late Monday.

Higher oil prices also boosted resource currencies like the Australian AUDUSD, -0.2943%  and New Zealand dollars NZDUSD, -0.3407%

The Colombian peso COPUSD, +0.070055%  was one notable outperformer in the commodity space, rising 2.4% to 2,899 pesos to the dollar, from 2,970 late Monday in New York.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Friday, April 15, 2016

Forex Market Update : Epic Research Singapore

The dollar halted a multisession advance against the euro on Thursday, a breather after the buck and U.S. stocks rallied sharply earlier in the week.

The shared currency EURUSD, -0.0621%  traded at $1.1270 late Thursday in New York, little-changed from its late Wednesday level — when the dollar scored its largest daily gain against its European rival in two months.

In other currency trading, the dollar weakened slightly against the yen USDJPY, +0.28%  , trading at ¥109.27 late Thursday in New York, compared with ¥109.43 late Wednesday. Meanwhile, the British pound GBPUSD, -0.0212%  weakened to $1.4157, compared with $1.4191.

The ICE U.S. Dollar index DXY, +0.02% a measure of the buck’s performance against a basket of six rivals, was up 0.2% at 94.8230, adding to its gains from earlier in the week.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Saturday, April 9, 2016

Forex Market Update : Epic Research Singapore

After falling to a nearly 18-month low against the yen earlier in the week, the dollar’s Friday gain snapped a five-day losing streak.

The buck still managed to log its largest weekly drop against the Japanese currency since the week ended Feb. 12, falling 3.5%.

The U.S. currency USDJPY, -0.14%  advanced to as high as ¥108.99 to the dollar early in morning trade before falling back to ¥108.27 late Friday in New York, compared with ¥108.24 late Thursday in New York.

In other trading, the euro EURUSD, +0.1758%  edged higher to $1.1401 late Friday in New York, finishing the week little-changed from where it started. By comparison, it traded at $1.1376 late Thursday. Meanwhile, the British pound GBPUSD, +0.5122%  strengthened to $1.4113, compared with $1.4058 Thursday.

A surge in oil prices and a spate of strong economic data helped push the Canadian dollar USDCAD, -1.2095%   past a key technical level of C$1.30 to the greenback.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Friday, April 1, 2016

Forex Market Update : Epic Research Singapore

The dollar logged its worst quarterly performance in years as the Federal Reserve slowed the expected pace of interest rate hikes, citing worries about the potential domestic im
pact of anemic growth abroad.

The ICE U.S. Dollar index DXY, +0.06% a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.3% Thursday to 94.5610. Its quarterly performance clocked in at a 4.2% loss.

In Thursday’s session, the bigger moves occurred against the euro, with the dollar EURUSD, -0.0967%  dropping to $1.1389 late Thursday in New York, compared with $1.1339 late Wednesday in New York. The shared currency briefly touched $1.1415, its highest level since October.

The U.S. dollar USDJPY, -0.37%  turned higher against the Japanese yen, rising to ¥112.50 late Thursday in New York, from ¥112.36 late Wednesday in New York, after the often volatile Chicago PMI came in at 53.6 for March, up from 47.6 in February.

In other trading, the British pound GBPUSD, -0.1323%  weakened 2.5% against the dollar over the course of the quarter as worries about a possible U.K. exit from the European Union weighed on demand. The British currency traded at $1.4380 late Thursday in New York, little-changed from its late-Wednesday level.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Thursday, March 31, 2016

Forex Market Update : Epic Research Singapore

The dollar weakened Wednesday against nearly all of its developed and emerging-market rivals after Federal Reserve Chairwoman Janet Yellen expressed a cautious approach to raising interest rates.

Investors interpreted her outlook as decidedly dovish, sending stocks higher while bond yields TMUBMUSD10Y, -0.72%  briefly touched one-month lows and the dollar headed south.

The ICE U.S. Dollar index DXY, +0.19% a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.3% to 94.8370.

The dollar USDJPY, -0.06%  traded at ¥112.47 late Wednesday in New York, compared with ¥112.72 late Tuesday in New York. It was little-changed after ADP reported that the U.S. economy created 200,000 new private-sector jobs in March. The euro EURUSD, -0.2381%  traded at $1.1330 late Wednesday, compared with $1.1287 Tuesday.

Strong gains were seen in the antipodean currencies, with the Australian dollar AUDUSD, -0.3651%  rising 0.5% to 76.70 cents late Wednesday in New York, compared with 76.15 cents late Tuesday. The New Zealand dollar NZDUSD, -0.4045%  was up 1.2% to 69.33 cents late Wednesday, compared with 68.54 cents Tuesday.

The Russian ruble USDRUB, +0.9528%  and Malaysian ringgit USDMYR, +0.2655%  were among the best performing emerging-market currencies, with the dollar down 0.9% to 3.9181 ringgit and 0.7% to 67.9996 rubles late Wednesday. By comparison, it traded at 3.9641 ringgit and 68.1745 rubles on Tuesday.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Wednesday, March 30, 2016

Forex Market Update : Epic Research Singapore

The dollar slumped against its main rivals Tuesday after Federal Reserve Chairwoman Janet Yellen explained why the central bank needs to be cautious about raising interest rates.

The ICE U.S. Dollar index DXY, -0.03% a measure of the buck’s strength against a basket of six currencies, fell 0.8% to 95.1570 — its weakest level since the March Fed announcement — after Yellen’s remarks. Beforehand, it had been flat for most of the session.

The dollar USDJPY, -0.16% fell to ¥112.77 after the remarks, compared with ¥113.46 late Monday in New York.

The euro EURUSD, +0.0177% meanwhile, pushed higher, rising to $1.1294 late Tuesday in New York. The shared currency bought $1.1198 late Monday. It hit an intraday low at $1.1165 before Yellen’s speech.

The pound GBPUSD, -0.0487%  traded at $1.4389, compared with $1.4259 late Monday in New York.

One dollar was fetching 3.632 Brazilian real USDBRL, -0.1044% late Tuesday in New York compared to 2.677 late Monday. That puts the real down 0.2%.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Saturday, March 19, 2016

Forex Market Update : Epic Research Singapore

The dollar drifted higher in light trade on Friday as investors bought back greenbacks ahead of the weekend following a precipitous selloff earlier in the week.

The ICE U.S. Dollar index DXY, +0.30% a measure of the dollar’s strength against a basket of six rival currencies, rose 0.2% to 95.0860 in recent trading. It has fallen 1.3% so far this week as investors priced in a new set of Fed projections for the expected path of interest-rate hikes.

In other currency trading, the euro EURUSD, -0.4417% weakened Friday after ECB Chief Economist Peter Praet said eurozone interest rates could go lower in an interview with the Italian newspaper la Repubblica.

The shared currency bought $1.1270 Friday, compared with $1.1319 late Thursday in New York, logging a 1.1% weekly gain.

In other currency trading, the dollar USDJPY, +0.15%  strengthened to ¥111.54, compared with ¥111.30 Thursday, but for the week the dollar lost 2% against the yen. The pound GBPUSD, -0.0345%  was relatively unchanged at $1.4476.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Friday, March 18, 2016

Forex Market Update : Epic Research Singapore

A widely watched gauge of the dollar’s strength fell to its lowest level of 2016 on Thursday after the Federal Reserve said it would take a cautious approach when raising interest rates.

The dollar weakened against its main rivals, driving the ICE U.S. Dollar index DXY, -0.06%  , a gauge of the currency’s strength against a basket of six major rivals, down 1.2% to 94.7560, its weakest level since October.

The dollar traded at ¥111.44 late Thursday in New York, compared with ¥112.77 Wednesday. Some analysts said they suspected the Bank of Japan intervened to support its currency after the dollar fell to its weakest level in 17 months earlier in the session.

In other currency trading, the euro EURUSD, +0.0177% strengthened to $1.1315 late Thursday, compared with $1.1217 late Wednesday in New York. The pound GBPUSD, -0.0967% traded at $1.4489 Thursday, compared with $1.4248 late Wednesday.

The British currency touched its highest level in a month earlier after the Bank of England left monetary policy on hold.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg