Epic Research Malaysia Daily iForex Report 18Dec2018

1. Iforex Market Insight INTERNATIONAL CURRENCY BUZZ  ECONOMIC CALENDAR GBP/USD & EUR/USD HOURLY CHART EPIC RESEARCH MALAYSIA

2. Iforex Market Insight Date– 18 Dec INTERNATIONAL CURRENCY BUZZ Forex Forex - - U.S. Dollar Pulls Back From 18 U.S. Dollar Pulls Back From 18- -Month High Forex Forex - - EUR/USD finds resistance at 1.1350 and retreats modestly EUR/USD finds resistance at 1.1350 and retreats modestly Forex Forex- - GBP/USD softer as PM May gives a statement to House of Commons GBP/USD softer as PM May gives a statement to House of Commons Month High EUR/USD The EUR/USD pair peaked earlier at 1.1352. It failed to hold on top of 1.1350 and pulled back to 1.1330. Since the beginning of the US session it has been trading be- tween 1.1330 and 1.1350, consolidating daily gains. A weaker US dollar supported the move to the upside across the board that opened the week retreating after Fri- day’s rally. Over the week, the key event will be the FOMC meeting. A rate hike is widely expected. US President Trump today criticized the central bank for its rate hike policy again. The euro rose over the last hours against the pound and also trimmed losses versus the Swiss franc. EUR/CHF is trading back at the 1.1260 area while EUR/ GBP is testing levels on top of 0.9000 again. To the upside, the immedi- ate resistance is the 1.1350 zone, followed by 1.1365 (Dec 14 high) and 1.1395 (Dec 13 high). On the downside, support levels could be seen at 1.1330 (US session low), 1.1295 (Dec 17 low) and 1.1265/70 (last week low). GBP/USD GBP/USD is currently trading at 1.2605, slightly weighed as Theresa May gives a statement to House of Commons on the December European Council summit. The pound has traveled within a range of between 1.2565 and 1.2647 at the start of the last full trading week before the holidays. Cable has ascended to the highs before UK PM May addressed MPs about Brexit but is drifting lower as May reiterates her oppo- sition to a second Brexit referendum and announces a date for the meaningful vote as the 14th of January. She was making an emphasis on how the backstop will not need to be triggered and if the backstop were to be triggered, it would be temporary, proclaiming that there is no plot to keep the UK in the backstop. However, Labor's leader, Corbyn, spoke and expressed that the Priminste'rs deal is the very same deal and that the EU has said that there will be no further negotiations. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 18 Dec ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Tuesday, December 18, 2018 08:30 USD Building Permits (MoM) (Nov) 0.0% -0.4% 08:30 USD Building Permits (Nov) 1.259M 1.265M 08:30 USD Housing Starts (MoM) (Nov) 1.5% 08:30 USD Housing Starts (Nov) 1.225M 1.228M Tentative NZD GlobalDairyTrade Price Index 2.2% Tentative NZD Westpac Consumer Sentiment (Q4) 103.5 16:30 USD API Weekly Crude Oil Stock -10.180M 16:45 NZD Current Account (QoQ) (Q3) -5.94B -1.62B 16:45 NZD Current Account (YoY) (Q3) -10.34B -9.54B 18:50 JPY Adjusted Trade Balance -0.31T -0.30T 18:50 JPY Exports (YoY) (Nov) 1.8% 8.2% 18:50 JPY Trade Balance (Nov) -600B -450B 23:00 MYR CPI (YoY) (Nov) 0.6% 0.6% www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 18 Dec GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2650 TGT 1.2670 1.2700 SL 1.2620 SELL GBPUSD BELOW 1.2580 TGT 1.2560 1.2530 SL 1.2610 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1370 TGT 1.1390 1.1420 SL 1.1340 SELL EURUSD BELOW 1.1330 TGT 1.1310 1.1280 SL 1.1360 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

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