Epic Research Malaysia Daily Forex Signal Report 31st 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– 31 Jan INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar in Funk as Fed Preaches Patient Approach to Rate Hikes Dollar in Funk as Fed Preaches Patient Approach to Rate Hikes Forex Forex - - GBP/USD rallies 60 pips on dovish Fed take, now awaiting Powell GBP/USD rallies 60 pips on dovish Fed take, now awaiting Powell Forex Forex - - EUR/USD jumps above 1.1450 to highest in 2 weeks as Fed moves to “patient” EUR/USD jumps above 1.1450 to highest in 2 weeks as Fed moves to “patient” EUR/USD The EUR/USD rose more than 50 pips in a few seconds following the decision and the statement of the Federal Reserve. It jumped from 1.1415 to 1.1470, reaching the highest level since January 15. The euro is holding near the highs, with a robust bull- ish tone supported by a weaker US dollar. It broke the key short-term resistance level at 1.1450. A consolidation on top could point to more gains. The European currency also rose versus the pound. The Fed kept rates unchanged as expected and offered strong indications that further rate hikes are on hold. Also, the central bank men- tioned that it is prepared to adjust its balance sheet normalization program. The change in the tone of the statement appears to be more to the dovish side than what markets were expecting. The US dollar dropped sharply across the board, even against commodity and emerging market currencies. In a few minutes, at 19:30 GMT, Fed’s Chair Powell will hold a press conference. GBP/USD GBP/USD rallied on a dovish tone in the Fed statement on to the 1.31 handle having been as low as 1.3053 as US yields drop. The Fed's projects on growth suggest mod- eration next year and it makes significant tweaks to the FOMC statement which un- derpins the market's sentiment. It was only back in Autumn where the Fed suddenly switched from hawkish to dovish and today's meeting confirmed the shift. The Fed has switched from 'strong' to 'solid' with respect to economic activity, yet there is no real hint on forward guidance - (Perhaps a without a government shutdown there would have been clear projections?) Either way, given the uncertainties over Brexit, it is difficult to price in a dovish Fed given low unemployment in the US, although the presser from Powell could shed some light on economic matters, and indeed, global trade, as well as growth topics, will be equally significant in the presser - coming up. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 31 Jan ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, January 31, 2019 02:00 GBP Nationwide HPI (MoM) (Jan) 0.2% -0.7% 02:00 GBP Nationwide HPI (YoY) (Jan) 0.0% 0.5% 03:00 EUR ECB's Coeure Speaks 05:00 EUR GDP (YoY) 1.2% 1.6% 05:00 EUR GDP (QoQ) 0.2% 0.2% 05:00 EUR Unemployment Rate (Dec) 7.9% 7.9% 05:15 EUR ECB's Mersch Speaks 08:30 USD Core PCE Price Index (YoY) (Dec) 1.9% 1.9% 08:30 USD Core PCE Price Index (MoM) (Dec) 0.2% 0.1% 08:30 USD Employment Cost Index (QoQ) (Q4) 0.8% 0.8% 08:30 USD Initial Jobless Claims 215K 199K 08:30 USD PCE Deflator (YoY) 1.7% 1.8% 08:30 USD PCE Deflator (MoM) 0.0% 0.1% 08:30 USD Personal Spending (MoM) (Dec) 0.3% 0.4% 09:45 USD Chicago PMI (Jan) 61.5 65.4 10:00 USD New Home Sales (MoM) (Nov) 2.9% -8.9% 10:00 USD New Home Sales (Nov) 560K 544K 16:00 USD TIC Net Long-Term Transactions (Nov) 31.3B 16:30 AUD AIG Manufacturing Index (Jan) 49.5 18:30 JPY Jobs/applications ratio (Dec) 1.63 1.63 19:30 AUD PPI (QoQ) (Q4) 0.8% 19:30 AUD PPI (YoY) (Q4) 2.1% 20:45 CNY Caixin Manufacturing PMI (Jan) 49.5 49.7 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 31 Jan GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3140 TGT 1.3160 1.3190 SL 1.3110 SELL GBPUSD BELOW 1.3100 TGT 1.3080 1.3050 SL 1.3130 EUR/USD DAILYCHART sta sta nc nc e e BUY EURUSD ABOVE 1.1520 TGT 1.1540 1.1570 SL 1.1490 SELL EURUSD BELOW 1.1490 TGT 1.1470 1.1440 SL 1.1520 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

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