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Epic Research Malaysia Daily Forex Report 30 Jan 2019 PowerPoint Presentation
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Epic Research Malaysia Daily Forex Report 30 Jan 2019

Epic Research Malaysia Daily Forex Report 30 Jan 2019

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Epic Research Malaysia Daily Forex Report 30 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– 30 Jan INTERNATIONAL CURRENCY BUZZ Forex Forex - - Pound Slips as U.K Lawmakers Reject Amendment to Extend Brexit Deadline Pound Slips as U.K Lawmakers Reject Amendment to Extend Brexit Deadline Forex Forex - - Dollar Flat as Consumer Confidence Cools Ahead of Fed Decision Dollar Flat as Consumer Confidence Cools Ahead of Fed Decision Forex Forex - - EUR/USD remains weak and hits fresh daily lows, still above 1.1400 EUR/USD remains weak and hits fresh daily lows, still above 1.1400 EUR/USD The negative tone for EUR/USD remains in place as it holds near session lows, look- ing at 1.1400. It recently printed a fresh daily low at 1.1410. Earlier today the pair reached weekly highs at 1.1450 but then started a bearish correction. Still, EUR/USD is moving in a small range amid a cautious mood across financial markets. The US dollar is posting mix results. Traders await the outcome today of the Brexit vote at the UK Parliament and also tomorrow’s FOMC statement. The Fed started today it's 2 -day meeting. No change in monetary policy is expected, but a shift to a more dovish approach is seen. In the US data released today showed a decline in the CB Con- sumer Confidence Index to 120.2 in January from 126.6 while the S&P/Case-Shiller Home Price Index rose 4.7% from a year ago. To the downside, the immediate sup- port is the 1.1400 level followed by 1.1380 (10-day moving average) and 1.1350 (Jan 18 & 23 low). GBP/USD U.K. lawmakers on Tuesday rejected an amendment to extend the deadline for Brit- ain to leave the European Union. Labour MP Yvette Cooper's amendment, which sought to extend Article 50 if MPs fail to approve the Withdrawal Agreement by Feb. 26, was voted down. Without an option to extend the deadline beyond March 29, there's a risk the U.K. crashes out of the EU without deal. "The Brady Amendment," which was tabled by a senior Conservative lawmaker Graham Brady and aimed to re- negotiate the Irish backstop, won the backing of U.K lawmakers by a slender margin of 16 votes. The Irish backstop seeks to avoid a hard border between Northern Ire- land and the Republic of Ireland. In a show of force against a no-deal Brexit, MPs voted in support of the Spelman 'no-deal Amendment', with 318 votes to 310, a mar- gin of 8. The amendment is advisory and has no legislative force. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 30 Jan ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, January 30, 2019 Tentative GBP Nationwide HPI (YoY) 0.5% Tentative GBP Nationwide HPI (MoM) -0.7% 03:00 CHF KOF Leading Indicators (Jan) 98.1 96.3 08:15 USD ADP Nonfarm Employment Change (Jan) 170K 271K 08:30 USD GDP (QoQ) (Q4) 2.6% 3.4% 08:30 USD GDP Price Index (QoQ) (Q4) 1.7% 1.5% 10:00 USD Pending Home Sales (MoM) (Dec) 1.1% -0.7% 10:30 USD Crude Oil Inventories 7.970M 10:30 USD Cushing Crude Oil Inventories -0.190M 14:00 USD FOMC Statement 14:00 USD Fed Interest Rate Decision 2.50% 2.50% 14:30 USD FOMC Press Conference 18:50 JPY Industrial Production (MoM) (Dec) -0.5% -1.0% 19:30 AUD Private Sector Credit (MoM) (Dec) 0.3% 0.3% 20:00 CNY Manufacturing PMI (Jan) 49.3 49.4 20:00 CNY Non-Manufacturing PMI (Jan) 53.9 53.8 20:30 JPY BOJ Deputy Governor Amamiya Speaks www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight top 5 gainers Date– 30 Jan GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3080 TGT 1.3100 1.3130 SL 1.3050 SELL GBPUSD BELOW 1.3040 TGT 1.3020 1.2990 SL 1.3070 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.