Epic Research Malaysia Daily Forex Report 16th Jan 2019

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

2. Iforex Market Insight Date– 16 Jan INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar edges lower as U.S. Dollar edges lower as U.S.- -China trade optimism lifts Aussie Forex Forex - - GBP/USD hits fresh daily lows near 1.2700 GBP/USD hits fresh daily lows near 1.2700 Forex Forex - - – – Euro makes push towards 1.15, German manufacturing data slips Euro makes push towards 1.15, German manufacturing data slips China trade optimism lifts Aussie EUR/USD The EUR/USD pair is seen staging a tepid recovery from 1.1434 session lows and re- gains the 1.1450 barrier, as the bulls moved past the downbeat Eurozone industrial output data and focussed on the rally in the German yields. The latest uptick in the spot can be mainly attributed to narrowing spread between the US and German 10- year government bond yields, as the latter extends its recovery mode into the fourth day and hits weekly tops near 0.243%, up +10% on the day. Meanwhile, the 10-year Treasury yields are seen consolidating near the 2.70 level. However, the recovery ap- pears limited by broad-based US dollar strength while disappointing German indus- trial production numbers could also continue to undermine the sentiment around the common-currency. Markets now look forward to a string of consumer confi- dence/ sentiment figures from the Euroland for the next push higher, as a break above the 100-DMA placed near 1.1480 still remains elusive heading into the FOMC minutes due tomorrow GBP/USD Cable weakened during the American session and fell to 1.2709, hitting a fresh daily low. Then bounced modestly to the upside to 1.2730. The move to the downside took place on the back of a recovery of the US dollar across the board. The DXY rose from 2-month lows and now is attempting to rise back above 96.00. The improve- ment in risk appetite weakened the US dollar early on Tuesday. Optimism about the China-US trade talks supported the positive sentiment. US president Trump tweeted today that “talks are going very well.” Today at 9 PM ET he will deliver a speech from the White House on the Southern border. The pound also hit a fresh low versus the euro at the time GBP/USD bottomed. Uncertainties about the Brexit deal vote at the Parliament next week and its potential consequences are a negative influence for the pound at the moment. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 16 Jan ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Wednesday, January 16, 2019 04:15 GBP BoE Gov Carney Speaks 04:30 GBP CPI (MoM) (Dec) 0.2% 0.2% 04:30 GBP CPI (YoY) (Dec) 2.1% 2.3% 04:30 GBP CPIH (YoY) 2.0% 2.2% 04:30 GBP Gross Mortgage Approvals 39.0K 39.4K 04:30 GBP PPI Input (MoM) (Dec) -1.7% -2.3% 08:30 USD Core Retail Sales (MoM) (Dec) 0.1% 0.2% 08:30 USD Export Price Index (MoM) (Dec) -0.6% -0.9% 08:30 USD Import Price Index (MoM) (Dec) -1.3% -1.6% 08:30 USD Retail Sales (MoM) (Dec) 0.2% 0.2% 10:00 USD Business Inventories (MoM) (Nov) 0.3% 0.6% Tentative USD Factory Orders (MoM) -2.1% 10:30 USD Crude Oil Inventories -1.323M -1.680M 10:30 USD Cushing Crude Oil Inventories 0.330M 14:00 USD Beige Book 16:00 USD TIC Net Long-Term Transactions (Nov) 31.3B 18:30 USD FOMC Member Kashkari Speaks 19:01 GBP RICS House Price Balance (Dec) -13% -11% 19:30 AUD Home Loans (MoM) (Nov) -1.4% 2.2% Tentative CNY GDP (YoY) (Q4) 6.4% 6.5% 22:20 JPY BoJ Governor Kuroda Speaks www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 16 Jan GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2850 TGT 1.2870 1.2900 SL 1.2820 SELL GBPUSD BELOW 1.2820 TGT 1.2800 1.2770 SL 1.2850 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1420 TGT 1.1440 1.1470 SL 1.1390 SELL EURUSD BELOW 1.1390 TGT 1.1370 1.1340 SL 1.1420 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

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