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Epic Research Malaysia Daily Forex Report 26 Feb 2019

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Epic Research Malaysia Daily Forex Report 26 Feb 2019

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  1. Iforex Market Insight INTERNATIONAL CURRENCY BUZZ  ECONOMIC CALENDAR GBP/USD & EUR/USD HOURLY CHART EPIC RESEARCH MALAYSIA

  2. Iforex Market Insight Date– 26 Feb INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar Set to Snap Win Streak on Dovish Fed Comments; Pound Rebounds Dollar Set to Snap Win Streak on Dovish Fed Comments; Pound Rebounds Forex Forex- - Sterling spikes to four Sterling spikes to four- -week high after report UK's May to delay Brexit date week high after report UK's May to delay Brexit date Forex Forex - - EUR/USD buoyed by optimism, capped by 21 EUR/USD buoyed by optimism, capped by 21- -D SMA, eyes on 200 D SMA, eyes on 200- -D SMA D SMA EUR/USD The mood was positive in European markets following a series of positive spin head- lines following six days of trade negotiations between the US and China that contin- ued over the weekend. President Donald Trump announcing that the US will delay imposing further trade tariffs on Chinese goods. The subsequent effect saw a lift in European equities and the value of the euro - EUR/USD firmed between a range of 1.1326 and 1.1367. Additionally, the Bund yields were also 1.4bps higher at 10.7bps as investors piled into shares. "President Trump said that a trade pact could happen soon and that both sides were very, very close to a deal. He also said that tariffs that are due to come into effect on March 1 would be delayed. This news is unambigu- ously positive if a deal can indeed be taken to the line, though there were reports from Chinese media that talks would be harder at the final stage, and disappoint- ment is still very possible," analysts at ANZ Bank explained. GBP/USD The yen on Tuesday hovered near its weakest against the dollar this year after opti- mism over Sino-U.S. trade negotiations boosted investors' appetite for riskier assets during the previous session. Sterling spiked to its highest since Jan. 31 on reports that British Prime Minister Theresa May was considering delaying a deadline on the exit of the United Kingdom from the European Union. "The dollar has moved firmly into the 111-yen range," said Yukio Ishizuki, senior currency strategist at Daiwa Secu- rities, adding that the greenback hovered just below its 200-day moving average against the Japanese currency. The dollar rose more than 0.3 percent versus the yen on Monday after U.S. President Donald Trump said he will delay raising tariffs on Chi- nese goods on March 1, and that he would plan a summit meeting with Chinese President Xi Jinping at his Mar-a-Lago estate in Florida to conclude an agreement, as- suming the trade talks make additional progress. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 26 Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, February 26, 2019 04:30 GBP Gross Mortgage Approvals 39.2K 38.8K 05:00 GBP Inflation Report Hearings Tentative GBP U.K. Prime Minister May Speaks 08:30 USD Building Permits (Dec) 1.290M 1.322M 08:30 USD Building Permits (MoM) (Dec) -2.8% 5.0% 08:30 USD Housing Starts (Dec) 1.250M 1.256M 08:30 USD Housing Starts (MoM) (Dec) -0.5% 3.2% S&P/CS HPI Composite - 20 n.s.a. (YoY) (Dec) 09:00 USD 4.9% 4.7% 09:30 EUR ECB's Mersch Speaks 10:00 USD CB Consumer Confidence (Feb) 124.7 120.2 10:00 USD Fed Chair Powell Testifies 16:30 USD API Weekly Crude Oil Stock 1.260M 19:30 AUD Construction Work Done (QoQ) (Q4) 0.6% -2.8% 20:30 JPY BoJ Board Member Kataoka Speaks www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight top 5 gainers Date– 26 Feb GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3130 TGT 1.3150 1.3180 SL 1.3100 SELL GBPUSD BELOW 1.3100 TGT 1.3080 1.3050 SL 1.3130 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1370 TGT 1.1380 1.1400 SL 1.1350 SELL EURUSD BELOW 1.1350 TGT 1.1340 1.1320 SL 1.1370 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  5. EPIC RESEARCH MALAYSIA The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.This material is for personal informa- tion and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors inde- pendently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the informa- tion given in this report, which is in violation of rules and regulations . The share price projections shown are not necessarily indicative of future price performance. The informa- tion herein, together with all estimates and forecasts, can change without notice. Analyst or any person re- lated to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a rec- ommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.All Rights Reserved. Investment in equity & bullion market has its own risks.

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