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Epic Research Malaysia Daily Forex Report 31 Dec 2018 PowerPoint Presentation
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Epic Research Malaysia Daily Forex Report 31 Dec 2018

Epic Research Malaysia Daily Forex Report 31 Dec 2018

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Epic Research Malaysia Daily Forex Report 31 Dec 2018

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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– 31 Dec INTERNATIONAL CURRENCY BUZZ Forex Forex - - PBOC sets yuan reference rate at 6.8632 PBOC sets yuan reference rate at 6.8632 Forex Forex - - GBP/USD rallies to fresh session tops, closer to 1.2700 handle GBP/USD rallies to fresh session tops, closer to 1.2700 handle Forex Forex- - EURUSD to find a bottom in 1Q 2019? EURUSD to find a bottom in 1Q 2019? - - OCBC OCBC EUR/USD “The EUR 2.6 trn bond-buying programme has been formally concluded by the end of 2018. To a certain extent, the massive stimulus plan by the European Central Bank’s (ECB) has kept the EUR/USD pinned within a 1.05 to 1.25 range since its im- plementation in early 2015. So, once the ECB’s balance sheet stops expanding in 2019, one of the key pressure points against the EUR could start to alleviate.” “With policymakers still largely confident that they would weather the slowdown, discus- sions by the ECB about its maiden rate hike would eventually begin in 2019. This is likely to a key upside catalyst for the EUR especially where pricing for a rate move higher is very modest now.” “Market consensus has yet to price in any meaningful odds of any rate hike from the ECB across 2019. But once the ECB starts hiking rates, this will be in stark contrast to US monetary policy as the FED would have reached the tail end of its rate hiking process in late 2019.” GBP/USD The GBP/USD pair quickly reversed a mid-European session dip to an intraday low level of 1.2635 and rallied over 50-pips in the last hour. The latest leg of sudden spike followed positive comments by theUK Foreign Minister Jeremy Hunt, saying that the UK PM Theresa May’s Brexit deal can be passed by the parliament if the European Union provides clarification that the Northern Irish “backstop” will be time-limited. The comments boosted the British Pound and prompted some short-covering move, lifting the pair back closer to the 1.2700 area, though news that the UK all-party In- ternational Trade Committee is calling for a "meaningful vote" on all trade agree- ments kept a lid on any strong follow-through. Meanwhile, the up-move remained supported by persistent selling pressure surrounding the US Dollar, which continues to be weighed down by fears that global economic slowdown might spill over into the US and the partial US government shutdown. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 31 Dec ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, January 1, 2019 All Day United States - New Year's Day All Day Australia - New Year's Day All Day Singapore - New Year's Day All Day United Kingdom - New Year's Day All Day Switzerland - New Year's Day All Day New Zealand - New Year's Day All Day Malaysia - New Year's Day All Day China - New Year All Day Japan - New Year's Day 16:30 AUD AIG Manufacturing Index (Nov) 51.3 20:45 CNY Caixin Manufacturing PMI (Dec) 50.1 50.2 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight top 5 gainers Date– 31 Dec GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2720 TGT 1.2740 1.2770 SL 1.2690 SELL GBPUSD BELOW 1.2690 TGT 1.2670 1.2640 SL 1.2720 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1470 TGT 1.1490 1.1520 SL 1.1470 SELL EURUSD BELOW 1.1440 TGT 1.1420 1.1390 SL 1.1470 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.