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Epic Research Malaysia Daily Forex Report 3rd 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– 03 Jan INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar starts 2019 strong, safety bid boosts yen Dollar starts 2019 strong, safety bid boosts yen Forex Forex - - GBP/USD correcting the flash crash, but bear market personified GBP/USD correcting the flash crash, but bear market personified Forex Forex- - EUR/USD hits 2 EUR/USD hits 2- -week lows on the back of a stronger US dollar week lows on the back of a stronger US dollar EUR/USD The EUR/USD pair dropped further despite the recovery in equity prices in Wall Street and in crude oil prices. It bottomed at 1.1341, the lowest since December 18. During the last hour rebounded modestly and is trading at 1.1360, a hundred pips down for the day. The main driver continues to be US dollar strength. The greenback even trimmed losses against the Japanese yen amid a recovery in equity prices. The Dow Jones is down just 0.25% while the Nasdaq erased a 2% slide and is now up 0.10%. US yields rose modestly during the American session. The 10-year yield stands at 2.67%, the highest since the Asian session. The US dollar Index rose from 95.80 to 96.76, the highest level in six days. Regarding data, the US PMI Manufacturing In- dex dropped in December to 53.8 from 55.3, the lowest level since in 15 months. On Thursday, the economic calendar shows ADP, ISM and jobless claims due ahead of Friday’s NPF report. GBP/USD We are well and truly in a bear market where these type of shocks can take place and it was AUD/JPY that took the pillars away from under the FX space that fell from the 76 handle to below 71.GBP/USD was sent down as well with the risk aversion fully on during what was a quiet illiquid early Asian session. Tim Cook, Apple's CEO, was speaking to CNBC and has blamed the trade tensions between U.S. and China pres- suring sales of iPhones in China and emerging market weakness, while FX and trans- lation had also been a big challenge. Macroeconomics have been to blame in the most part by the sounds of it which indicates we are likely to hear more on more of this from multinationals as we move forward during 2019. We are now in April 2017 lows and below 1.2477 targets the 78.6% retracement at 1.2109. S2 is located at 1.2361 and S3 at 1.2245. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 03 Jan ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, January 3, 2019 All Day Japan - Exchange Holiday 03:15 CHF Retail Sales (YoY) 0.8% 03:30 CHF SVME PMI (Dec) 57.0 57.7 04:30 GBP Construction PMI (Dec) 52.9 53.4 08:15 USD ADP Nonfarm Employment Change (Dec) 179K 179K 08:30 USD Initial Jobless Claims 220K 216K 10:00 USD ISM Manufacturing Employment (Dec) 58.4 10:00 USD ISM Manufacturing PMI (Dec) 57.7 59.3 Tentative USD New Home Sales (Nov) 1K 1K Tentative USD New Home Sales (MoM) (Nov) 2.9% -8.9% 16:30 USD API Weekly Crude Oil Stock 6.920M 20:45 CNY Caixin Services PMI (Dec) 53.1 53.8 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight top 5 gainers Date– 03 Jan GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2560 TGT 1.2580 1.2610 SL 1.2530 SELL GBPUSD BELOW 1.2530 TGT 1.2510 1.2480 SL 1.2560 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1360 TGT 1.1380 1.1410 SL 1.1330 SELL EURUSD BELOW 1.1330 TGT 1.1310 1.180 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.