Epic Research Malaysia Daily i-Forex Report 11th 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– 11 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– 11 Jan ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Friday, January 11, 2019 03:20 EUR ECB's Mersch Speaks 04:30 GBP GDP (MoM) 0.1% 0.1% 04:30 GBP Industrial Production (MoM) (Nov) 0.3% -0.6% 04:30 GBP Manufacturing Production (MoM) (Nov) 0.4% -0.9% 04:30 GBP Monthly GDP 3M/3M Change 0.3% 0.4% 04:30 GBP Trade Balance (Nov) -11.40B -11.87B 04:30 GBP Trade Balance Non-EU (Nov) -3.70B -4.25B Tentative GBP NIESR GDP Estimate 0.3% 08:30 USD Core CPI (YoY) (Dec) 2.2% 2.2% 08:30 USD Core CPI (MoM) (Dec) 0.2% 0.2% 08:30 USD CPI (MoM) (Dec) -0.1% 0.0% 09:00 GBP NIESR Monthly GDP Tracker 0.3% 13:00 USD U.S. Baker Hughes Oil Rig Count 877 13:00 USD U.S. Baker Hughes Total Rig Count 1,075 Tentative USD Federal Budget Balance (Dec) -8.0B -205.0B www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 11 Jan GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2800 TGT 1.2820 1.2850 SL 1.2770 SELL GBPUSD BELOW 1.2700 TGT 1.2680 1.2650 SL 1.2730 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1570 TGT 1.1590 1.1620 SL 1.1540 SELL EURUSD BELOW 1.1480 TGT 1.1460 1.1430 SL 1.1520 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

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