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Epic Research Malaysia Daily Forex Report 21st Jan 2019 PowerPoint Presentation
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Epic Research Malaysia Daily Forex Report 21st Jan 2019

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Epic Research Malaysia Daily Forex Report 21st Jan 2019

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Epic Research Malaysia Daily Forex Report 21st Jan 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– 21 Jan INTERNATIONAL CURRENCY BUZZ Forex Forex Forex Forex - - - - Dollar steady near two Dollar steady near two Dollar steady near two Dollar steady near two- - - -week high on recovery in risk appetite week high on recovery in risk appetite week high on recovery in risk appetite week high on recovery in risk appetite Forex Forex Forex Forex - - - - Sterling Falls as U.K. Retail Sales Slump in December Sterling Falls as U.K. Retail Sales Slump in December Sterling Falls as U.K. Retail Sales Slump in December Sterling Falls as U.K. Retail Sales Slump in December Forex Forex Forex Forex - - - - EUR/USD breaks under 1.1370, hits 2 EUR/USD breaks under 1.1370, hits 2 EUR/USD breaks under 1.1370, hits 2 EUR/USD breaks under 1.1370, hits 2- - - -week lows on US dollar strength week lows on US dollar strength week lows on US dollar strength week lows on US dollar strength EUR/USD “Q3 GDP underlined the weakest quarterly performance in four years for the Eurozone, but several of the forces limiting growth are expected to prove transi- tory. However, it appears that external trade pressures, combined with political un- certainty in Italy and France, may lead annual growth to fall below its mid-2014 cycli- cal low in Q4 2018, amidst challenging base effects. “The prospect of rising wages supporting consumption and prices will ultimately provide an impetus for the start of a cautious tightening cycle. The forward-looking composite PMI survey data ended 2018 at the lowest level in four years.”“While the balance of risks may have tilted lower, the ECB still views the growth outlook as broadly balanced. The fall in the un- employment rate to below 8% for the first time in a decade also signals that wage pressures are to firm up. Indeed, worker compensation registered its highest growth in almost 10 years in Q3 GBP/USD The pound was lower on Friday as the uncertainty over Brexit continued to put pres- sure on the economy. U.K. retail sales fell for the first time since March, suggesting that consumers are becoming more cautious as Brexit nears. GBP/USD decreased 0.34% to 1.2938 as of 4:48 AM ET (9:48 GMT) while EUR/GBP rose 0.40% to 0.8805. Prime Minister Theresa May's Brexit deal was defeated in parliament on Tuesday but she won a subsequent vote of confidence, which has removed some political uncer- tainty. Analysts have interpreted this week's events as reducing the risk that the country will fail to strike a deal with European Union before it leaves the bloc on March 29. That has pushed the pound up over 2.6% against the dollar since Jan. 2. The U.S. dollar was little changed as investors wait for more progress on U.S.-China trade talks. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 21 Jan ECONOMIC CALENDAR Time Time Time Time Cur. Cur. Cur. Cur. Event Event Event Event Forecast Forecast Forecast Forecast Previous Previous Previous Previous Monday, January 21, 2019 All Day United States - Martin Luther King, Jr. Day All Day Malaysia - Thaipusam 01:30 GBP GBP/USD Index 30.6% 01:30 USD Gold Index 64.0% 01:30 USD S&P 500 Index 63.0% 01:30 CHF USD/CHF Index 51.8% 01:30 AUD AUD/USD Index 50.2% 01:30 JPY USD/JPY Index 68.5% 01:30 NZD NZD/USD Index 56.9% 01:30 EUR EUR/USD Index 42.6% Tentative EUR Eurogroup Meetings Tentative GBP U.K. Prime Minister May Speaks Tentative USD WASDE Report www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight top 5 gainers Date– 21 Jan GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2850 TGT 1.2870 1.2900 SL 1.2820 SELL GBPUSD BELOW 1.2820 TGT 1.2800 1.2770 SL 1.2850 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1390 TGT 1.1410 1.1440 SL 1.1360 SELL EURUSD BELOW 1.1350 TGT 1.1330 1.1300 SL 1.1380 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.