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Epic Research Malaysia Daily Forex Report 04Dec2018 PowerPoint Presentation
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Epic Research Malaysia Daily Forex Report 04Dec2018

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Epic Research Malaysia Daily Forex Report 04Dec2018

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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– 04 Dec INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar Lower as U.S. Dollar Lower as U.S.- -China Trade Truce Spurs Risk Rally China Trade Truce Spurs Risk Rally Forex Forex - - GBP/USD bulls trying to defend 1.2700 handle ahead of US ISM PMI GBP/USD bulls trying to defend 1.2700 handle ahead of US ISM PMI Forex Forex - - EUR/USD under pressure near 1.1330 ahead of ISM, Fedspeak EUR/USD under pressure near 1.1330 ahead of ISM, Fedspeak EUR/USD The demand for the Euro currency stays subdued at the beginning of the week, moti- vating EUR/USD to leave behind earlier tops and retreat to the 1.133/2 band. Sellers emerged around daily highs in the 1.13 region and forced spot to abandon that area and retreat to lows in the 1.133/2 zone, where some decent support appears to have emerged. In the meantime, the initial optimism in the riskier assets following the US- China 90-day trade truce has almost evaporated, putting that universe under re- newed downside pressure. Ahead in the day, the always-critical ISM Manufacturing is due along with speeches by FOMC’s Quarles, Brainard and Williams. Earlier in the session, FOMC’s VP R.Clarida said the Fed’s ‘dots plot’ is not going anywhere, while Dallas Fed R.Kaplan urged caution when comes to further rate hikes. At the moment, the pair is up 0.17% at 1.13 and a breakout of 1.14 would target 1.14 en route to 1.14. On the flip side, the next support emerges at 1.12 and finally 1.11. GBP/USD The GBP/USD pair remained heavily offered through the early North-American ses- sion, with bears still awaiting a decisive break below the 1.2700 handle. The pair wit- nessed a sudden turnaround since the early European session and drifted into nega- tive territory for the third consecutive session, retreating over 120-pips from an in- traday high level of 1.2825. The downfall lacked any obvious catalyst and occured despite stronger than expected UK manufacturing PMIprint for Nov., though persis- tent Brexit uncertainties seemed to be one of the key factors continuing to dent sen- timent surrounding the British Pound. Meanwhile, the US Dollar recovered a part of the early steep decline, led by the latest optimism over the US-China trade truce, and further collaborated towards aggravating the selling pressure. Adding to this, possi- bilities of some technical selling below the 1.2725 support exerted some additional downward pressure and dragged the pair to its lowest level since late-Oct. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 04 Dec ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, December 4, 2018 03:15 CHF CPI (MoM) (Nov) -0.1% 0.2% 04:15 GBP BoE Gov Carney Speaks 04:30 GBP Construction PMI (Nov) 52.5 53.2 Tentative NZD GlobalDairyTrade Price Index -3.5% 10:00 USD FOMC Member Williams Speaks 13:00 GBP MPC Member Vlieghe Speaks 16:30 USD API Weekly Crude Oil Stock 3.453M 19:30 AUD GDP (YoY) (Q3) 3.3% 3.4% 19:30 AUD GDP (QoQ) (Q3) 0.6% 0.9% 20:45 CNY Caixin Services PMI (Nov) 50.7 50.8 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight top 5 gainers Date– 04 Dec GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2770 TGT 1.2790 1.2820 SL 1.2740 SELL GBPUSD BELOW 1.2690 TGT 1.2670 1.2630 SL 1.2720 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1380 TGT 1.1400 1.1430 SL 1.1350 SELL EURUSD BELOW 1.1310 TGT 1.1290 1.1260 SL 1.1340 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.