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Epic Research Malaysia Daily Forex Report 19 March 2019 PowerPoint Presentation
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Epic Research Malaysia Daily Forex Report 19 March 2019

Epic Research Malaysia Daily Forex Report 19 March 2019

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Epic Research Malaysia Daily Forex Report 19 March 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– 19 March INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar weaker on dovish Fed bets, sterling seesaws Dollar weaker on dovish Fed bets, sterling seesaws Forex Forex- - GBP/USD falls below 1.3200 as UK Speaker disallows another Brexit vote GBP/USD falls below 1.3200 as UK Speaker disallows another Brexit vote Forex Forex - - EUR/USD stays bid, upside failed near 1.1360 EUR/USD stays bid, upside failed near 1.1360 EUR/USD The pair keeps the move north unabated so far today, although it faced a strong hur- dle in the 1.1360 region earlier in the day, where coincide the 55-day and 100-day SMAs. No news from the US-China trade front and just a few headlines from the Brexit negotiations left the risk-appetite trends within the recent range, while market participants commenced to shift their focus to the upcoming FOMC meeting (Wednesday). In this regard, consensus among traders keeps pointing to a dovish message from the Committee, with speculations now signaling one rate hike this year vs. previous views of two rate hikes. In the data space, the US NAHB index came in below forecasts at 62 for the month of March ahead of tomorrow’s ZEW survey in Germany and the broader Euroland. Market participants appear to have already ad- justed to the recent and renewed dovish stance from the ECB, focusing instead on the broad risk-appetite trends as the main driver of the price action in the near term. GBP/USD UK Parliament Speaker John Bercow says the government may not bring the same Brexit deal to another vote unless there is a change. He quotes a convention dating back to 1604. He says the rules are necessary to ensure sensible use of Parliament's time. He adds that the government cannot legitimately put substantially the same deal back to the House. The government will have to find another route. One option is that they receive some changes from the EU, and bring the amended accord to the House. It was surprised exactly as markets were on this ruling by Bercow. The Brexit situation is fluid. Update: Bercow says it is not necessarily his last word on the sub- ject, adding to the confusion. GBP/USD is falling below 1.3200, the lowest since March 13th. The trough so far has been 1.3184. The government planned to bring the same revised Brexit deal that was defeated last week to another vote this week, hoping to muster enough support. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 19 March ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, March 19, 2019 05:30 GBP Average Earnings Index +Bonus (Jan) 3.2% 3.4% 05:30 GBP Claimant Count Change (Feb) 13.1K 14.2K 05:30 GBP Employment Change 3M/3M (MoM) 120.0K 167.0K 05:30 GBP Unemployment Rate (Jan) 4.0% 4.0% 05:35 EUR ECB's Praet Speaks 06:00 EUR Wages in euro zone (YoY) (Q4) 2.40% 06:00 EUR ZEW Economic Sentiment -15.1 -16.6 10:00 USD Cap Goods Ship Non Defense Ex Air (MoM) 0.8% 10:00 USD Factory Orders (MoM) (Jan) 0.3% 0.1% Tentative GBP UK Parliament vote on Brexit deal 16:30 USD API Weekly Crude Oil Stock -2.580M 19:50 JPY Monetary Policy Meeting Minutes 20:00 AUD RBA Assist Gov Bullock Speaks www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight Date– 19 March top 5 gainers GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3270 TGT 1.3290 1.3320 SL 1.3240 SELL GBPUSD BELOW 1.3200 TGT 1.3180 1.3150 SL 1.3230 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1340 TGT 1.1360 1.1390 SL 1.1310 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.