Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD & EUR/USD HOURLY CHART EPIC RESEARCH MALAYSIA
Iforex Market Insight Date– 03 April INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar's advance stalls as U.S. yields bounce slows Dollar's advance stalls as U.S. yields bounce slows Forex Forex- - GBP/USD: U GBP/USD: U- -turn from 1.3150/55 can recall 1.3100 amid Brexit uncertainty turn from 1.3150/55 can recall 1.3100 amid Brexit uncertainty Forex Forex - - EUR/USD struggles around 1.1200 despite early EUR/USD struggles around 1.1200 despite early- -day pullback as greenback re- day pullback as greenback re- EUR/USD The EUR/USD pair seesaws around 1.1200 mark at the start of Asian trading on Wednesday. The quotes remain near to month’s low despite recent pullback as global investors hold their love for the US Dollar (USD) amid macro growth and political un- certainty. A few more readings of purchasing managers’ index (PMI) and the US ADP data are on the economic table to follow. Markets’ failure to keep lauding riskier as- sets amid renewed economic challenges conveyed by soft data joined hands with the political uncertainty surrounding the Brexit. With this, traders rushed to safe-havens like the greenback in order to rest assured of less harm to their investments. Off-late the EUR/USD pair witnessed pullback as news reports from the UK showed PM May’s readiness for cross-party talks to break the Brexit deadlock ahead of April 12 dead- line. The same was aptly praised by the EU lawmakers and receded some pressure off the table for hard Brexit. GBP/USD The British Pound (GBP) trades near 1.3130 versus the USD during early Wednesday. The GBP/USD pair earlier took benefit of the news report that the UK PM Theresa May is proposing cross-party handling to break the Brexit deadlock but could surpass 1.3150/55 area comprising latest highs as Tory members seem divided on her plan. and a referendum on any deal. Reports that the UK PM May discussed Brexit plans and look forward to support to the opposition leader Jeremy Corbyn initially boosted the GBP traders’ sentiment on likely softer Brexit. However, optimism couldn’t last long as Tories rebelled against Mrs. May’s plan. The Guardian notes that the Conser- vative party’s largest Euro sceptic grouping, the European Research Group (ERG) doubted that they could support a subsequent deal if helped by the opposition leader. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my
Iforex Market Insight Date– 03 April ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, April 3, 2019 04:30 GBP Services PMI (Mar) 51.0 51.3 08:15 USD ADP Nonfarm Employment Change (Mar) 184K 183K 08:30 USD FOMC Member Bostic Speaks 09:45 USD Markit Composite PMI (Mar) 54.3 54.3 09:45 USD Services PMI (Mar) 54.8 54.8 ISM Non-Manufacturing Employment (Mar) 10:00 USD 55.2 10:00 USD ISM Non-Manufacturing PMI (Mar) 58.1 59.7 10:30 USD Crude Oil Inventories -0.425M 2.800M 10:30 USD Cushing Crude Oil Inventories 0.541M 17:00 USD FOMC Member Kashkari Speaks www.epicresearch.my Iforex Market Insight By Epic Research Malaysia
IFOREX Market Insight Date– 03 April top 5 gainers GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3140 TGT 1.3160 1.3190 SL 1.3110 SELL GBPUSD BELOW 1.3100 TGT 1.3080 1.3050 SL 1.3130 EUR/USD DAILYCHART mains market favorite mains market favorite BUY EURUSD ABOVE 1.1230 TGT 1.1240 1.1260 SL 1.1210 SELL EURUSD BELOW 1.1200 TGT 1.1190 1.1170 SL 1.1220 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia
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