Epic Research Malaysia Daily Forex Report 21st 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– 21 Jan INTERNATIONAL CURRENCY BUZZ Forex Forex Forex Forex - - - - Dollar steady near two Dollar steady near two Dollar steady near two Dollar steady near two- - - -week high on recovery in risk appetite week high on recovery in risk appetite week high on recovery in risk appetite week high on recovery in risk appetite Forex Forex Forex Forex - - - - Sterling Falls as U.K. Retail Sales Slump in December Sterling Falls as U.K. Retail Sales Slump in December Sterling Falls as U.K. Retail Sales Slump in December Sterling Falls as U.K. Retail Sales Slump in December Forex Forex Forex Forex - - - - EUR/USD breaks under 1.1370, hits 2 EUR/USD breaks under 1.1370, hits 2 EUR/USD breaks under 1.1370, hits 2 EUR/USD breaks under 1.1370, hits 2- - - -week lows on US dollar strength week lows on US dollar strength week lows on US dollar strength week lows on US dollar strength EUR/USD “Q3 GDP underlined the weakest quarterly performance in four years for the Eurozone, but several of the forces limiting growth are expected to prove transi- tory. However, it appears that external trade pressures, combined with political un- certainty in Italy and France, may lead annual growth to fall below its mid-2014 cycli- cal low in Q4 2018, amidst challenging base effects. “The prospect of rising wages supporting consumption and prices will ultimately provide an impetus for the start of a cautious tightening cycle. The forward-looking composite PMI survey data ended 2018 at the lowest level in four years.”“While the balance of risks may have tilted lower, the ECB still views the growth outlook as broadly balanced. The fall in the un- employment rate to below 8% for the first time in a decade also signals that wage pressures are to firm up. Indeed, worker compensation registered its highest growth in almost 10 years in Q3 GBP/USD The pound was lower on Friday as the uncertainty over Brexit continued to put pres- sure on the economy. U.K. retail sales fell for the first time since March, suggesting that consumers are becoming more cautious as Brexit nears. GBP/USD decreased 0.34% to 1.2938 as of 4:48 AM ET (9:48 GMT) while EUR/GBP rose 0.40% to 0.8805. Prime Minister Theresa May's Brexit deal was defeated in parliament on Tuesday but she won a subsequent vote of confidence, which has removed some political uncer- tainty. Analysts have interpreted this week's events as reducing the risk that the country will fail to strike a deal with European Union before it leaves the bloc on March 29. That has pushed the pound up over 2.6% against the dollar since Jan. 2. The U.S. dollar was little changed as investors wait for more progress on U.S.-China trade talks. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 21 Jan ECONOMIC CALENDAR Time Time Time Time Cur. Cur. Cur. Cur. Event Event Event Event Forecast Forecast Forecast Forecast Previous Previous Previous Previous Monday, January 21, 2019 All Day United States - Martin Luther King, Jr. Day All Day Malaysia - Thaipusam 01:30 GBP GBP/USD Index 30.6% 01:30 USD Gold Index 64.0% 01:30 USD S&P 500 Index 63.0% 01:30 CHF USD/CHF Index 51.8% 01:30 AUD AUD/USD Index 50.2% 01:30 JPY USD/JPY Index 68.5% 01:30 NZD NZD/USD Index 56.9% 01:30 EUR EUR/USD Index 42.6% Tentative EUR Eurogroup Meetings Tentative GBP U.K. Prime Minister May Speaks Tentative USD WASDE Report www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 21 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 1.1390 TGT 1.1410 1.1440 SL 1.1360 SELL EURUSD BELOW 1.1350 TGT 1.1330 1.1300 SL 1.1380 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

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