Epic Research Malaysia Daily Forex Report 18 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– 18 Jan INTERNATIONAL CURRENCY BUZZ Forex Forex - - U.S. Dollar Remains Steady as Jobless Claims at 5 U.S. Dollar Remains Steady as Jobless Claims at 5- -Week Low Forex Forex - - Upbeat U.S. Data Can't Help Dollar as Sterling Reigns Supreme Upbeat U.S. Data Can't Help Dollar as Sterling Reigns Supreme Forex Forex - - UR/USD bounces from lows, back around 1.1400 ahead of Beige Book UR/USD bounces from lows, back around 1.1400 ahead of Beige Book Week Low EUR/USD Reuters polls since June 2018 have predicted that after ending its asset-purchase program in December, the ECB would follow with a rate rise in the third quarter of 2019, in line with the ECB’s guidance. But a barrage of weak data - includ- ing news that Europe’s top economy, Germany, barely skirted a recession in the sec- ond half of last year - suggests growth has slowed, persuading economists to push forward that long-held forecast. They also slashed their growth outlook for Germany, France and Italy compared with an October poll. The ECB is now expected to raise its deposit rate, currently at -0.40 percent, to -0.20 percent in the fourth quarter and wait until early 2020 to raise its refinancing rate from zero to 0.20 percent. More than a third of economists polled gave a 40 percent chance or more of a recession. And on a like-for-like basis, out of 36 common contributors in January and December, nearly two-thirds raised their two-year recession probability. Ten kept it at the same level. GBP/USD The British pound was little changed on Thursday in Asia after U.K. Prime Minister Theresa May's government survived a vote of no-confidence. The news followed the hefty defeat of the prime minister's Brexit deal in the U.K. parliament on Wednesday. The GBP/USD pair last traded at 1.2867, down 0.08% by 11:51 PM ET (04:51 GMT). May now has until next week to table an outline for a plan “B.” The market now be- lieves the original March 29 deadline for Britain's exit from the bloc may now be ex- tended. "We must find solutions that are negotiable and command sufficient support in this House," May said. “It’s unlikely there will be big changes to May’s plan, so par- liament is likely to oppose it as well,” said Yukio Ishizuki, senior currency strategist at Daiwa Securities, in a Reuters report. Meanwhile, the USD/CNY pair gained 0.2% to 6.7660 as the People's Bank of China (PBOC) set the yuan reference rate at 6.7592 vs the previous day's fix of 6.7615. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 18 Jan ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Friday, January 18, 2019 02:30 CHF PPI (MoM) (Dec) -0.1% -0.3% 04:00 USD IEA Monthly Report 04:30 GBP Core Retail Sales (MoM) (Dec) -0.6% 1.2% 04:30 GBP Core Retail Sales (YoY) (Dec) 3.9% 3.8% 04:30 GBP Retail Sales (MoM) (Dec) -0.8% 1.4% 04:30 GBP Retail Sales (YoY) (Dec) 3.6% 3.6% Tentative USD OPEC Meeting 09:05 USD FOMC Member Williams Speaks 09:15 USD Industrial Production (MoM) (Dec) 0.2% 0.6% 10:00 USD Michigan Consumer Expectations (Jan) 86.0 87.0 11:00 USD FOMC Member Harker Speaks 13:00 USD U.S. Baker Hughes Oil Rig Count 873 13:00 USD U.S. Baker Hughes Total Rig Count 1,075 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 18 Jan GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2890 TGT 1.2910 1.2940 SL 1.2860 SELL GBPUSD BELOW 1.2860 TGT 1.2840 1.2810 SL 1.2890 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1410 TGT 1.1430 1.1470 SL 1.1380 SELL EURUSD BELOW 1.1370 TGT 1.1350 1.1320 SL 1.1400 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

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