Epic Research Malaysia Daily Forex Report- 19 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– 19 Feb INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar Edges Back as Hopes for Trade Deal Rise Dollar Edges Back as Hopes for Trade Deal Rise Forex Forex - - Euro's bounce fades as focus shifts back to economy, ECB policy Euro's bounce fades as focus shifts back to economy, ECB policy Forex Forex - - EUR/USD recovers above 1.13 as greenback loses strength EUR/USD recovers above 1.13 as greenback loses strength EUR/USD The dollar was steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro's latest bounce faded as the focus drifted back to the economy and European Central Bank policy. The dollar index versus a basket of six major currencies was nearly flat at 96.881 af- ter ending the previous session unchanged. U.S. financial markets were closed on Monday for Presidents' Day. The euro was down 0.1 percent at $1.1298 . It edged up 0.16 percent overnight, pulling away from a three-month low of $1.1234. The single currency had been buoyed by improved investor sentiment as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks. The dollar, the world's most liquid currency, has tended to perform well during bouts of investor nervousness "The euro's latest bounce was not based a positive in- centive specific to the currency and the market will likely return to pricing in the po- tential negatives. GBP/USD The GBP/USD pair is consolidating gains and remains near the highs, holding above 1.2900. Earlier today, it climbed to 1.2937, the strongest level since last Wednes- day. During the last hours, it has been moving sideways, in a small range between 1.2910 and 1.2932. The pound is holding firm to daily gains and is the top performer among majors. The move higher took place amid a slide of the US dollar across the board. Political development in the UK had no impact on the pound. Today, seven members of the Parliament quit from the Labour Party to form an independent group. Regarding Brexit, the uncertainty still prevails. Comments from Minister David Lidington, saying that the UK government might be able to re-negotiate the deal with the EU or delay Brexit, favored the pound modestly. Volatility is expected to continue subdued in the wake of the President's Day holiday in the US. The greenback is post- ing mix results on Monday. Tomorrow in the UK, jobs data will be released. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 19 Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, February 19, 2019 04:30 GBP Average Earnings Index +Bonus (Dec) 3.5% 3.4% 04:30 GBP Claimant Count Change (Jan) 12.3K 20.8K 04:30 GBP Employment Change 3M/3M (MoM) 152.0K 141.0K 04:30 GBP Unemployment Rate (Dec) 4.0% 4.0% 05:00 EUR ZEW Economic Sentiment -18.2 -20.9 08:50 USD FOMC Member Mester Speaks 10:00 EUR ECB's Praet Speaks 18:50 JPY Adjusted Trade Balance 0.17T -0.18T 18:50 JPY Exports (YoY) (Jan) -5.5% -3.9% 18:50 JPY Trade Balance (Jan) -1,011B -57B 19:30 AUD Wage Price Index (QoQ) (Q4) 0.6% 0.6% www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 19 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 1.1310 TGT 1.1330 1.1360 SL 1.1380 SELL EURUSD BELOW 1.1280 TGT 1.1260 1.1230 SL 1.1310 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

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