Daily Forex Signal Report Malaysia 22 Nov 2018

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

2. Iforex Market Insight Date– 22 Nov INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar Slips as Risk Aversion Eases, but Caution Persists Dollar Slips as Risk Aversion Eases, but Caution Persists Forex Forex - - GBP/USD around 1.2800, close to weekly lows GBP/USD around 1.2800, close to weekly lows Forex Forex - - EUR/USD fades the move to 1.1425, back near 1.1400 EUR/USD fades the move to 1.1425, back near 1.1400 EUR/USD Spot lost upside momentum near 1.1430. The greenback approaches 96.50, trades in session lows. US Durable Goods Orders contracted 4.4% MoM in October. EUR/ USD has now returned to the 1.1400 neighborhood, shedding part of the earlier ad- vance to session peaks near 1.1430. The pair keeps the buying interest unchanged so far on Wednesday amidst alternating headlines from the Italian political scenario, where the latest news indicates that the EU could announce some kind of sanctions against Italy regarding the 2019 draft budget. In the meantime, the greenback re- mains offered following rumors that the Fed could halt its tightening cycle at some point in the Spring 2019. This news fell in line with last weeks dovish comments from Fed’s VP R.Clarida, who noted that rates are close to the ‘neutral’ level. In the data space, below-consensus data from US Durable Goods Orders and Initial Claims keep sustaining the selling bias surrounding the buck today. GBP/USD Cable manages to regain 1.2800 and above so far. Brexit negotiations and PM May’s government stay in centre stage. UK’s Public Sector Net Borrowing expanded more than estimated. Cable has managed to regain some attention following Tuesday’s pullback to the 1.2780/75 band, where some decent support emerged. In the mean- time, the absence of fresh headlines around Brexit or PM May’s government left the price action to the mercy of USD-dynamics and the broader risk appetite trends for the time being. In the UK’s calendar, Public Sector Net Borrowing expanded more than estimated to £7.96 billion during October. Looking ahead MPC member Saun- ders is due to speak tomorrow. As of writing, the pair is up 0.15% at 1.2807 facing the next hurdle at 1.2885 (high Nov.19) seconded by 1.2903 (21-day SMA) and then 1.3074 (high Nov.14). On the other hand, a breach of 1.2724 (low Nov.15) would open the door to 1.2696 (low Oct.30) and finally 1.2662 (2018 low Aug.15). Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 22 Nov ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, November 22, 2018 All Day Holiday United States - Thanksgiving Day Tentative USD OPEC Meeting ECB Publishes Account of Monetary Pol- icy Meeting 07:30 EUR 12:00 EUR ECB's Mersch Speaks 15:55 GBP BoE MPC Member Saunders Speaks 23:00 MYR CPI (YoY) (Oct) 0.6% 0.3% www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 22 Nov GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2830 TGT 1.2850 1.2880 SL 1.2800 SELL GBPUSD BELOW 1.2750 TGT 1.2730 1.2700 SL 1.2780 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1430 TGT 1.1450 1.1480 SL 1.1400 SELL EURUSD BELOW 1.1370 TGT 1.1350 1.1320 SL 1.1400 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.