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Epic Research Malaysia Daily Forex Signal Report 31st Jan 2019

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Epic Research Malaysia Daily Forex Signal Report 31st 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– 31 Jan INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar in Funk as Fed Preaches Patient Approach to Rate Hikes Dollar in Funk as Fed Preaches Patient Approach to Rate Hikes Forex Forex - - GBP/USD rallies 60 pips on dovish Fed take, now awaiting Powell GBP/USD rallies 60 pips on dovish Fed take, now awaiting Powell Forex Forex - - EUR/USD jumps above 1.1450 to highest in 2 weeks as Fed moves to “patient” EUR/USD jumps above 1.1450 to highest in 2 weeks as Fed moves to “patient” EUR/USD The EUR/USD rose more than 50 pips in a few seconds following the decision and the statement of the Federal Reserve. It jumped from 1.1415 to 1.1470, reaching the highest level since January 15. The euro is holding near the highs, with a robust bull- ish tone supported by a weaker US dollar. It broke the key short-term resistance level at 1.1450. A consolidation on top could point to more gains. The European currency also rose versus the pound. The Fed kept rates unchanged as expected and offered strong indications that further rate hikes are on hold. Also, the central bank men- tioned that it is prepared to adjust its balance sheet normalization program. The change in the tone of the statement appears to be more to the dovish side than what markets were expecting. The US dollar dropped sharply across the board, even against commodity and emerging market currencies. In a few minutes, at 19:30 GMT, Fed’s Chair Powell will hold a press conference. GBP/USD GBP/USD rallied on a dovish tone in the Fed statement on to the 1.31 handle having been as low as 1.3053 as US yields drop. The Fed's projects on growth suggest mod- eration next year and it makes significant tweaks to the FOMC statement which un- derpins the market's sentiment. It was only back in Autumn where the Fed suddenly switched from hawkish to dovish and today's meeting confirmed the shift. The Fed has switched from 'strong' to 'solid' with respect to economic activity, yet there is no real hint on forward guidance - (Perhaps a without a government shutdown there would have been clear projections?) Either way, given the uncertainties over Brexit, it is difficult to price in a dovish Fed given low unemployment in the US, although the presser from Powell could shed some light on economic matters, and indeed, global trade, as well as growth topics, will be equally significant in the presser - coming up. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

  3. Iforex Market Insight Date– 31 Jan ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, January 31, 2019 02:00 GBP Nationwide HPI (MoM) (Jan) 0.2% -0.7% 02:00 GBP Nationwide HPI (YoY) (Jan) 0.0% 0.5% 03:00 EUR ECB's Coeure Speaks 05:00 EUR GDP (YoY) 1.2% 1.6% 05:00 EUR GDP (QoQ) 0.2% 0.2% 05:00 EUR Unemployment Rate (Dec) 7.9% 7.9% 05:15 EUR ECB's Mersch Speaks 08:30 USD Core PCE Price Index (YoY) (Dec) 1.9% 1.9% 08:30 USD Core PCE Price Index (MoM) (Dec) 0.2% 0.1% 08:30 USD Employment Cost Index (QoQ) (Q4) 0.8% 0.8% 08:30 USD Initial Jobless Claims 215K 199K 08:30 USD PCE Deflator (YoY) 1.7% 1.8% 08:30 USD PCE Deflator (MoM) 0.0% 0.1% 08:30 USD Personal Spending (MoM) (Dec) 0.3% 0.4% 09:45 USD Chicago PMI (Jan) 61.5 65.4 10:00 USD New Home Sales (MoM) (Nov) 2.9% -8.9% 10:00 USD New Home Sales (Nov) 560K 544K 16:00 USD TIC Net Long-Term Transactions (Nov) 31.3B 16:30 AUD AIG Manufacturing Index (Jan) 49.5 18:30 JPY Jobs/applications ratio (Dec) 1.63 1.63 19:30 AUD PPI (QoQ) (Q4) 0.8% 19:30 AUD PPI (YoY) (Q4) 2.1% 20:45 CNY Caixin Manufacturing PMI (Jan) 49.5 49.7 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

  4. IFOREX Market Insight top 5 gainers Date– 31 Jan 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 sta sta nc nc e e BUY EURUSD ABOVE 1.1520 TGT 1.1540 1.1570 SL 1.1490 SELL EURUSD BELOW 1.1490 TGT 1.1470 1.1440 SL 1.1520 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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