Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD & EUR/USD HOURLY CHART EPIC RESEARCH MALAYSIA
Iforex Market Insight Date– 28 Feb INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar stands tall amid caution over Sino Dollar stands tall amid caution over Sino- -U.S. trade talks Forex Forex- - GBP/USD: Absence of ‘no deal’ fears please bulls around 1.3310 after high GBP/USD: Absence of ‘no deal’ fears please bulls around 1.3310 after high Forex Forex - - EUR/USD fails to hold above 1.14, slides toward mid EUR/USD fails to hold above 1.14, slides toward mid- -1.13s as USD recovers U.S. trade talks 1.13s as USD recovers EUR/USD After closing the first two days of the week in the positive territory, the EUR/USD pair struggled to preserve its bullish momentum and is now looking to end the day with modest losses. As of writing, the pair was down 0.15% on a daily basis at 1.1365. Ear- lier in the day, the European Commission's Business and Consumer Survey showed that the Consumer Confidence Index improved to -7.4 in February from -7.9 in Janu- ary. Other components of the report showed that the Services Sentiment Index, Busi- ness Climate Index also rose in the same period while the Industrial Confidence Index fell to -0.4 from 0.6 in January.. Additionally, commenting on the ECB's policy out- look, Deutsche Bundesbank President Jens Weidmann argued that there was no acute need to adjust the ECB's rate guidance and explained that the normalization of the monetary policy will be a gradual process. GBP/USD GBP/USD is on bids around 1.3310 during early Asian trading on Thursday. The pair stretched latest northward trajectory to a seven-month high near 1.3350 during Wednesday. Recently, the British members of parliament (MPs) overwhelmingly backed a proposal to vote for a plan to delay Article 50 if her initial deal fails. The British Pound (GBP) has been on a rally since the UK PM Theresa May relieved ‘no- deal’ tension after announcing her proposal to the UK parliament on Tuesday. Even if turning down expectations that there were direct talks with the EU to delay Article 50, PM May said she will put her latest proposal for a vote in the parliament first be- fore taking the votes on ‘no-deal’ and delayed Brexit. The pair recently extends its previous rise on news that the British MPs back the motion to allow a vote to extend article 50, popularly known as Cooper's Brexit amendment F, with the overwhelming support of 502 votes in favor versus 20 against. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my
Iforex Market Insight Date– 28 Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, February 28, 2019 01:45 CHF GDP (YoY) (Q4) 1.7% 2.4% 01:45 CHF GDP (QoQ) (Q4) 0.4% -0.2% Tentative GBP Nationwide HPI (YoY) (Feb) 0.4% 0.1% Tentative GBP Nationwide HPI (MoM) (Feb) -0.1% 0.3% 03:00 CHF KOF Leading Indicators (Feb) 96.2 95.0 07:00 INR GDP Quarterly (YoY) (Q3) 6.9% 7.1% 08:00 USD FOMC Member Clarida Speaks 08:30 USD GDP (QoQ) (Q4) 2.6% 3.4% 08:30 USD GDP Price Index (QoQ) (Q4) 1.7% 1.5% 08:30 USD Initial Jobless Claims 221K 216K 08:50 USD FOMC Member Bostic Speaks 09:45 USD Chicago PMI (Feb) 58.1 56.7 11:00 USD FOMC Member Harker Speaks 13:00 USD FOMC Member Kaplan Speaks 17:30 AUD AIG Manufacturing Index (Feb) 52.5 18:30 JPY Jobs/applications ratio (Jan) 1.63 1.63 18:30 JPY Tokyo Core CPI (YoY) (Feb) 1.0% 1.1% 18:50 JPY Capital Spending (YoY) (Q4) 4.5% 4.5% 19:00 USD FOMC Member Mester Speaks Tentative AUD HIA New Home Sales (MoM) (Oct) -6.1% 20:15 USD Fed Chair Powell Speaks www.epicresearch.my Iforex Market Insight By Epic Research Malaysia
IFOREX Market Insight top 5 gainers Date– 28 Feb GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3320 TGT 1.3340 1.3370 SL 1.3290 SELL GBPUSD BELOW 1.3270 TGT 1.3250 1.3220 SL 1.3300 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1390 TGT 1.1400 1.1420 SL 1.1370 SELL EURUSD BELOW 1.1360 TGT 1.1350 1.1330 SL 1.1380 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia
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