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Epic Research Malaysia Daily Forex Report 10 April 2019 PowerPoint Presentation
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Epic Research Malaysia Daily Forex Report 10 April 2019

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Epic Research Malaysia Daily Forex Report 10 April 2019

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Epic Research Malaysia Daily Forex Report 10 April 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– 10 April INTERNATIONAL CURRENCY BUZZ Forex Forex - - US Dollar to Gain Versus Malaysian Ringgit? USDPHP, USDIDR May Fall US Dollar to Gain Versus Malaysian Ringgit? USDPHP, USDIDR May Fall Forex Forex - - Yen holds gains on U.S. Yen holds gains on U.S.- -Europe trade tension, Brexit summit in focus Europe trade tension, Brexit summit in focus Forex Forex - - GBPUSD Struggles Ahead of EU Summit Despite Vote for Brexit Extension GBPUSD Struggles Ahead of EU Summit Despite Vote for Brexit Extension EUR/USD The safe-haven yen held most of its recent gains on Wednesday as investor caution prevailed due to fresh global trade tensions and as the International Monetary Fund downgraded its global economic outlook. Broader sentiment in the market remained subdued as the flare-up between the United States and Europe added to other po- tential global flashpoints over trade, including ongoing Sino-U.S. tariff negotiations. "Now, there are battles on two fronts for the U.S.," said Bart Wakabayashi, Tokyo branch manager at State Street (NYSE:STT) Bank. "If they're going to be driving the global economy, it'll be inherently more difficult if they're fighting all these trade wars...on multiple fronts," he said. The dollar was basically unchanged at 111.17 yen, paring a slight loss earlier. The U.S. unit has fallen almost two-thirds of a percent from a more than three-week high of 111.825 yen brushed on Friday last week. GBP/USD GBP/USD is currently trading at 1.3031 between a range of 1.3030 and 1.3121. Traders eye Brexit developments although markets turn sour in US and dollar gets supported, weighing on GBP. Despite a positve start in Asia overnight with the MSCI Asia-Pacific hitting 8-month high as Chinese shares rise, US markets have turned a little stake and US stocks are down on the day, casting a risk-off sentiment across the FX space which is giving the greenback some support which is seeing cable down 0.19% on the day. The pound edged lower after German government spokes- man denied a media report that Chancellor Angela Merkel is willing to put a time limit on the Northern Ireland backstop in Britain's EU withdrawal agreement - This followed a pop in sterling due to the BBC reporting that a British Eurosceptic law- maker had been advised that Merkel was willing to put a five-year time limit on the backstop . Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 10 April ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, April 10, 2019 02:15 JPY BoJ Governor Kuroda Speaks 04:30 GBP GDP (YoY) 1.4% 04:30 GBP GDP (MoM) 0.2% 0.5% 04:30 GBP Industrial Production (MoM) (Feb) 0.1% 0.6% 04:30 GBP Manufacturing Production (MoM) (Feb) 0.2% 0.8% 04:30 GBP Trade Balance (Feb) -12.70B -13.08B 04:30 GBP Trade Balance Non-EU (Feb) -4.50B -4.98B 07:00 USD OPEC Monthly Report 08:30 USD Core CPI (MoM) (Mar) 0.2% 0.1% 08:30 USD Core CPI (YoY) (Mar) 2.1% 2.1% 08:30 USD CPI (MoM) (Mar) 0.3% 0.2% Tentative GBP NIESR GDP Estimate 0.1% 09:00 GBP NIESR Monthly GDP Tracker 0.1% 10:30 USD Crude Oil Inventories 2.294M 7.238M 10:30 USD Cushing Crude Oil Inventories 0.201M 13:00 USD 10-Year Note Auction 2.615% 14:00 USD Federal Budget Balance (Mar) -180.0B -234.0B 14:00 USD FOMC Meeting Minutes 19:01 GBP RICS House Price Balance (Mar) -30% -28% 22:30 AUD RBA Assist Gov Debelle Speaks www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight Date– 10 April top 5 gainers GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3050 TGT 1.3070 1.3100 SL 1.3020 SELL GBPUSD BELOW 1.3010 TGT 1.2990 1.2960 SL 1.3040 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1290 TGT 1.1310 1.1330 SL 1.1275 SELL EURUSD BELOW 1.1250 TGT 1.1240 1.1220 SL 1.1265 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.