EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

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1 16-SEP-2016 EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

2 INTERNATIONAL CURRENCY BUZZ Forex - Sterling slips as BoE holds, hints at another rate cut Forex - Yen rebounds in Asia as BoJ in focus, Aussie down on jobs Forex - Dollar eases on uncertainty over BOJ, Fed policy GBP/USD The GBP/USD fell on Tuesday, last trading , down or -1.08%. The selling pressure was generated by the release of U.K. inflation data which came in below expectations. According to the Office for National Statistics, annual CPI for August read at 0.6%, unchanged from the previous month. Traders were looking for a read of 0.7%. Month-on- Month inflation came in at 0.3%, it was forecast at 0.4% The British Pound broke against the U.S. Dollar and the Euro because the weaker-than-expected inflation numbers indicated the central bank may have to do more to stimulate the economy.nonetheless, traders did trim the odds for a September rate hike to 15 percent on Tuesday, down from 24 percent on Friday EUR/USD The euro is unchanged on Thursday, as EUR/USD is trading at After a quiet few days, there are plenty of events on the schedule. In the Eurozone, Final CPI posted a gain of 0.2%, matching the forecast. Over in the US, there are five key releases, led by Retail Sales and Unemployment Claims. On Friday, the US will release PPI and the UoM Consumer Sentiment report.there were no surprises from Eurozone CPI data in August. Final CPI remained unchanged at 0.2%, unchanged from a month earlier. The indicator has not risen above 0.3% in 2016, pointing to persistent low inflation levels on the continent. Germany, the largest economy in the Eurozone is also struggling with weak inflation. Final CPI dropped to 0.0% in August, down from 0.3% a month earlier. WPI posted a small gain of 0.1%, but this was enough to beat the forecast of -0.7%. YOUR MINTVISORY Call us at

3 DAILY ECONOMIC DATA

4 EPIC'S ANALYST SPEAKS EUR/USD Hourly Chart GBP/USD Daily Chart INTRADAY OUTLOOK Support: Resistance: RECOMMENDATION: BUY GBP/USD ABOVE TGT SL SELL GBP/USD BELOW TGT SL

5 EPIC'S ANALYST SPEAKS EUR/USD Daily Chart INTRADAY OUTLOOK Support: Resistance: RECOMMENDATION: BUY EUR/USD ABOVE TGT SL SELL EUR/USD BELOW TGT SL

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