Epic Research provides ultimate FOREX signals for their clients to produce amazingly accurate results. Our research team prepare such Best Weekly I-FOREX Signals live charts and track-sheets of the past performance consulting which traders can generate maximum profit from the market place.This report helps you to achieve desired success in the SGX Stock Exchange.
Profitable weekly iforex signals report by epic research on 08 december 12 december 2014
1. EPIC RESEARCH REPORT
WEEKLY INTERNATIONAL FOREX
08 Dec-12 Dec 2014
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2. INTERNATIONAL CURRENCY BUZZ
Forex -Dollar index hovers close to 6-year highs on strong U.S. data.
Forex -EUR/USD drops as dollar firms on upbeat U.S. jobs report.
Forex -USD/JPY soars on upbeat U.S. jobs data.
EUR/USD
EUR/USD was down 0.65% at 1.2297, up from a session low of 1.2272 and off a high of 1.2393. The pair was likely
to find support at 1.2254, the low from Aug. 16. 2012, and resistance at 1.2458, Thursday's high. The euro dropped
to two-year lows against an advancing dollar on Friday after news broke the U.S. economy picked up way more
jobs in November than markets were expecting.The U.S. unemployment rate remained unchanged at 5.8% last
month, in line with expectations, and the numbers fueled expectations that the Federal Reserve will raise interest
rates in 2015, possibly earlier than once anticipated. In the euro zone, official data earlier showed that German
factory orders rose 2.5% in October, exceeding expectations for a 0.6% gain.
USD/JPY
USD/JPY was up 1.48% at 121.56, up from a session low of 119.71 and off a high of 121.69.The pair was expected
to test support at 117.22, the low from Nov. 27, and resistance at 121.69, the session high.The dollar shot up
against the yen on Friday after official data revealed that the U.S. economy picked up far more payrolls in
November than markets were expecting. The yen remained under pressure after Japanese media outlets reported
on Thursday that Prime Minister Shinzo Abe's coalition government could retain its majority in the lower
house of parliament in elections due to be held on December 14.The U.S. unemployment rate remained
unchanged at 5.8% last month, in line with expectations, and the numbers fueled expectations that the Federal
Reserve will raise interest rates in 2015, possibly earlier than once anticipated.
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4. EPIC'S ANALYST SPEAK
EUR/USD DAILY CHART
INTRADAY OUTLOOK
Support: 121.12
Resistance:121.68
USD/JPY DAILY CHART
RECOMMENDATION:
1. Buy USD/JPY Above -121.70 TG: 122.10/122.60 SL 121.20
2. Sell USD/JPY Below -121.10 TG:120.70/120.20 SL 121.60
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5. INTRADAY OUTLOOK
Immediate Support: 1.2253
Immediate Resistance: 1.2319
EPIC'S ANALYST SPEAK
EUR/USD DAILY CHART
RECOMMENDATION:
1. Buy EUR/USD Above 1.2321-TG: 1.2361/1.2401 SL 1.2271
2. Sell EUR/USD Below 1.2250-TG: 1.2210/1.2160 SL 1.2300
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