Epic Research Malaysia Daily Forex Signal Report 13 Feb 2019

1. Iforex Market Insight INTERNATIONAL CURRENCY BUZZ  ECONOMIC CALENDAR GBP/USD & EUR/USD HOURLY CHART EPIC RESEARCH MALAYSIA

2. Iforex Market Insight Date– 13 Feb INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar weaker as signs of trade progress take shine off safe Dollar weaker as signs of trade progress take shine off safe- -havens Forex Forex - - GBP/USD consolidates gains around 1.2900 GBP/USD consolidates gains around 1.2900 Forex Forex - - EUR/USD Price Outlook: Euro Back Above 1.13 EUR/USD Price Outlook: Euro Back Above 1.13 – – Bull Trap or Breakout? havens Bull Trap or Breakout? EUR/USD The U.S. dollar fell against a basket of major currencies pressured by strength in the euro despite growing expectations the European Central Bank will not tighten mone- tary policy this year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.38% to 96.48. EUR/ USD rose 0.49% to $1.1330, but the strength could prove short-lived. Traders expect the ECB to hold off raising interest rates this year in a bid to stave off the threat of multiple recessions in the bloc. “The landscape in the Eurozone has changed dra- matically,” said Kevin Flanagan, senior fixed income strategist, at ETF specialist Wis- dom Tree. “At this stage, a rate hike from the ECB in 2019 looks very unlikely.” The fall in the dollar comes as Federal Reserve Chairman Jerome Powell played down the possibility of a recession in the United States, reiterating the U.S. economy is on solid footing. GBP/USD Pound rises against US dollar but retreats versus euro. GBP/USD climbs to 1.2900, moving away from weekly lows supported by a weaker US dollar. On Wednesday, in- flation data in the UK and the US will be released. The GBP/USD pair recovered on Tuesday from 3-week lows on the back of a weaker US dollar. It peaked at 1.2908 but failed to hold above 1.2900 and pulled back modestly. Near the end of the US session was consolidating daily gains, slightly below 1.2900. A decline of the US dollar across the board was the primary driver of the move higher. Improvement in risk sentiment and some profit taking hit the greenback. The DXY dropped for the first time after ris- ing during eight trading sessions in-a-row. It pulled back from 97.20 to 96.70. Sterling rose versus the US dollar but finished lower against the euro. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 13 Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, February 13, 2019 04:30 GBP CPI (YoY) (Jan) 1.9% 2.1% 04:30 GBP CPI (MoM) (Jan) -0.7% 0.2% 04:30 GBP CPIH (YoY) 1.9% 2.0% 04:30 GBP PPI Input (MoM) (Jan) 0.2% -1.0% 05:00 EUR Industrial Production (MoM) (Dec) -0.4% -1.7% Tentative USD Building Permits 1.290M 1.328M 08:30 USD Core CPI (YoY) (Jan) 2.1% 2.2% 08:30 USD Core CPI (MoM) (Jan) 0.2% 0.2% 08:30 USD CPI (MoM) (Jan) 0.1% -0.1% Tentative USD Housing Starts 1.250M 1.256M 08:30 USD Unit Labor Costs (QoQ) (Q4) 1.7% 0.9% 08:50 USD FOMC Member Bostic Speaks 08:50 USD FOMC Member Mester Speaks 10:30 USD Cushing Crude Oil Inventories 1.441M 12:00 USD FOMC Member Harker Speaks 18:50 JPY GDP (YoY) (Q4) 1.4% -2.5% 18:50 JPY GDP (QoQ) (Q4) 0.4% -0.6% 19:01 GBP RICS House Price Balance (Jan) -20% -19% 23:00 MYR GDP (YoY) (Q4) 4.7% 4.4% www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 13 Feb GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2900 TGT 1.2920 1.2950 SL 1.2870 SELL GBPUSD BELOW 1.2870 TGT 1.2850 1.2820 SL 1.2900 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1350 TGT 1.1370 1.1400 SL 1.1340 SELL EURUSD BELOW 1.1330 TGT 1.1320 1.1300 SL 1.1340 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

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