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Epic Research Malaysia Daily Forex Signal Report 07 March 2019

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Epic Research Malaysia Daily Forex Signal Report 07 March 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– 07 March INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar hovers near high, Aussie skids as economic growth disappoints Dollar hovers near high, Aussie skids as economic growth disappoints Forex Forex- - Euro awaits ECB, Canadian, Aussie dollars linger near two Euro awaits ECB, Canadian, Aussie dollars linger near two- -month lows Forex Forex - - GBP/USD turns flat on the day near 1.3170 as DXY remains below 97 GBP/USD turns flat on the day near 1.3170 as DXY remains below 97 month lows EUR/USD Major currencies kept to tight ranges on Thursday as traders focused their immediate attention on the European Central Bank's (ECB) policy review, while the Australian and Canadian dollar languished near two-month lows. Some traders expect the ECB will indicate a delay in raising rates until next year and the central bank will soon re- launch long-term bank loans to fight an economic slowdown. The Aussie and the loonie hit their lows as investors trimmed holdings on growing expectations poli- cymakers would leave interest rates alone for the time being or even lower them to counter their weakening economies. The Bank of Canada (BoC) on Wednesday said there was "increased uncertainty" about the timing of future rate hikes as it held in- terest rates steady at 1.75 percent as expected. The Canadian dollar fell as low as C$1.3457 after the release of the BoC's latest policy statement, its lowest against the greenback since Jan. 4. On Thursday, it was last at C$1.3443, unchanged on the day. GBP/USD After closing the last four trading days in the negative territory, the GBP/USD pair is having a tough time determining its next near-term direction and is fluctuating in a relatively tight range. As of writing, the pair was virtually unchanged on the day at 1.3168. Earlier today, several news outlets reported that yesterday's meeting be- tween the EU's Chief Brexit Negotiator Michel Barnier and British Brexit Secretary Barclay and Attorney General Cox didn't yield any agreements to weigh on the British pound. Additionally, a spokesman for the European Commission told reporters that Michel Barnier informed the Commission that they haven't been able to find a solu- tion to the Irish backstop issue in Tuesday's talks. On the other hand, the greenback struggled to preserve its strength and the US Dollar Index stayed below the 97 mark to keep the pair's losses limited. A more-than-1% drop in the 10-year US T-bond yield and disappointing data from the U.S. capped the DXY's rally on Thursday. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 07 March ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, March 7, 2019 01:45 CHF Unemployment Rate n.s.a. (Feb) 2.7% 2.8% 01:45 CHF Unemployment Rate s.a. (Feb) 2.4% 2.4% 03:30 GBP Halifax House Price Index (YoY) (Feb) 1.0% 0.8% 03:30 GBP Halifax House Price Index (MoM) (Feb) 0.1% -2.9% 04:30 GBP MPC Member Tenreyro Speaks 05:00 EUR GDP (YoY) (Q4) 1.2% 1.2% 05:00 EUR GDP (QoQ) (Q4) 0.2% 0.2% 07:45 EUR Deposit Facility Rate -0.40% -0.40% 07:45 EUR ECB Marginal Lending Facility 0.25% 0.25% 07:45 EUR ECB Interest Rate Decision (Mar) 0.00% 0.00% 08:30 USD Initial Jobless Claims 225K 225K 08:30 USD Nonfarm Productivity (QoQ) (Q4) 1.6% 2.2% 08:30 USD Unit Labor Costs (QoQ) (Q4) 1.6% 1.2% 08:30 EUR ECB Press Conference 12:15 USD FOMC Member Brainard Speaks 18:30 JPY Household Spending (YoY) (Jan) -0.5% 0.1% 18:30 JPY Household Spending (MoM) (Jan) -0.1% 18:50 JPY GDP (QoQ) (Q4) 0.4% 0.3% 18:50 JPY GDP (YoY) (Q4) 1.8% 1.4% www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight Date– 07 March top 5 gainers GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3190 TGT 1.3210 1.3240 SL 1.3160 SELL GBPUSD BELOW 1.3130 TGT 1.3110 1.3080 SL 1.3160 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1310 TGT 1.1320 1.1340 SL 1.1280 SELL EURUSD BELOW 1.1290 TGT 1.1280 1.1260 SL 1.1310 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.

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