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Epic Research Malaysia Daily Forex Report 29 Jan 2019 PowerPoint Presentation
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Epic Research Malaysia Daily Forex Report 29 Jan 2019

Epic Research Malaysia Daily Forex Report 29 Jan 2019

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Epic Research Malaysia Daily Forex Report 29 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– 29 Jan INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar Flat as Pound Slips Ahead of 'Plan B' Brexit Vote Dollar Flat as Pound Slips Ahead of 'Plan B' Brexit Vote Forex Forex - - Flying sterling's wings may be clipped as best Flying sterling's wings may be clipped as best- -case Brexit priced in Forex Forex - - EUR/USD remains on track to finish the day with modest gains above 1.14 EUR/USD remains on track to finish the day with modest gains above 1.14 case Brexit priced in EUR/USD The EUR/USD pair started the week on a positive note and rose to a fresh 13-day high of 1.1443 before going into a consolidation phase in the NA session. As of writ- ing, the pair was up 0.15% on the day at 1.1430. With investors staying away from the greenback ahead of this week's FOMC meeting, the pair was able to build on Fri- day's rally. Following last Friday's report about the Fed possibly ending its balance sheet reduction scheme earlier than initially planned, USD bulls take a back seat amid the possibility of a dovish shift in the FOMC's language. Previewing this event, "We think the 2019 set of voting members will have a more dovish tilt than that of 2018, particularly against the backdrop of a softening growth outlook. This supports our view that the rate hike cycle has come to an end," argued ABN Amro economist Bill Diviney. The US Dollar Index, which fell to a daily low of 95.64, was last down 0.07% on the day at 95.75. GBP/USD Sterling has bounced 6 percent from Jan 4. lows and could gain 3-7 percent more if UK lawmakers manage to break their Brexit deadlock this week, but signs are it will struggle to sustain a rally while Britain's path out of the EU remains uncertain. From option markets to positioning indicators, market pricing indicates that either a post- ponement of the Brexit deal or acceptance of Prime Minister Theresa May's deal would be a short-term positive for the pound. But the uncertainty a delayed Brexit could cause would cap further potential gains. "While we are no closer to a long- term solution for the pound, the outlook has brightened in the short term as it shows that very few lawmakers want to press the nuclear button, i.e. crash out of the EU without a deal," said Hans Redeker, global head of FX strategy at Morgan Stanley (NYSE:MS). Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 29 Jan ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, January 29, 2019 04:15 GBP BoE Deputy Governor Woods Speaks 08:30 USD Goods Trade Balance (Nov) -76.98B S&P/CS HPI Composite - 20 n.s.a. (YoY) (Nov) 09:00 USD 5.0% 5.0% 16:30 USD API Weekly Crude Oil Stock 6.550M 18:50 JPY Retail Sales (YoY) (Dec) 0.9% 1.4% 19:30 AUD CPI (YoY) (Q4) 1.7% 1.9% 19:30 AUD CPI (QoQ) (Q4) 0.4% 0.4% 19:30 AUD Trimmed Mean CPI (QoQ) (Q4) 0.4% 0.4% www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight top 5 gainers Date– 29 Jan GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3170 TGT 1.3190 1.3220 SL 1.3140 SELL GBPUSD BELOW 1.3130 TGT 1.3110 1.3080 SL 1.3160 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1440 TGT 1.1460 1.1490 SL 1.1410 SELL EURUSD BELOW 1.1410 TGT 1.1390 1.1360 SL 1.1440 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.