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Iforex Market Insight INTERNATIONAL CURRENCY BUZZ ECONOMIC CALENDAR GBP/USD & EUR/USD HOURLY CHART EPIC RESEARCH MALAYSIA
Iforex Market Insight Date– 25 Feb INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar Set to Snap Win Streak on Dovish Fed Comments; Pound Rebounds Dollar Set to Snap Win Streak on Dovish Fed Comments; Pound Rebounds Forex Forex- - GBP/USD bearish near term within developing uptrend GBP/USD bearish near term within developing uptrend - - 1.3300 eyed Forex Forex - - EUR/USD quickly reverses a dip to 3 EUR/USD quickly reverses a dip to 3- -day lows, turns flat around 1.1330 region 1.3300 eyed day lows, turns flat around 1.1330 region EUR/USD The EUR/USD pair dropped to three-day lows in the last hour, albeit quickly recov- ered few pips and is currently placed in the neutral territory, around the 1.1330 re- gion. A modest US Dollar weakness, against the backdrop of the previous session's softer US economic data, did assist the pair to gain some positive traction. The at- tempted up-move was once again sold into following the disappointing release of German Ifo Business Climate index, which missed consensus estimates and fell to 98.5 for February. The incoming dismal Euro-zone economic data continued fueling concerns over the health of the region's economy and kept exerting some downward pressure on the shared currency, with the release of mostly in line final Euro-zone consumer inflation figures failing to lend any support. Meanwhile, some renewed greenback buying over the past hour or so added to the selling bias and dragged the pair to an intraday low level of 1.1316. GBP/USD GBP/USD news is centred around Brexit, a theme which is driving volume out of the currency (banks decreasing trading limits on traders) as headlines and sentiment, thus price direction, flips on its head from one session to the next - (Less liquidity could equate to even more volatile moves). The latest news is suggesting that an ex- tension of Article 50 is a likely scenario - Brexit could be delayed until 2021 under plans being explored by the EU’s most senior officials - The Guardian, citing EU sources. The BBC has cited sources saying that PM May could signal that she is taking a no deal Brexit off the table this week. Meanwhile, GBP/USD has been carving out a slight bearish tilt on the hourly charts since topping out at the 1.31 handle and mov- ing in on the 1.30 figure before rebounding to a lower high and forming a descending channel. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my
Iforex Market Insight Date– 25 Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Monday, February 25, 2019 00:00 SGD CPI (YoY) (Jan) 0.6% 0.5% 01:30 GBP GBP/USD Index 43.2% 01:30 USD Gold Index 56.0% 01:30 USD S&P 500 Index 29.4% 01:30 CHF USD/CHF Index 44.0% 01:30 AUD AUD/USD Index 47.0% 01:30 JPY USD/JPY Index 52.7% 01:30 EUR EUR/USD Index 47.6% 02:30 CHF Employment Level (Q4) 5.070M 05:00 GBP BoE Gov Carney Speaks 11:00 USD FOMC Member Clarida Speaks www.epicresearch.my Iforex Market Insight By Epic Research Malaysia
IFOREX Market Insight top 5 gainers Date– 25 Feb GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3070 TGT 1.3090 1.3120 SL 1.3040 SELL GBPUSD BELOW 1.3020 TGT 1.3000 1.2970 SL 1.3050 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1350 TGT 1.1370 1.1400 SL 1.1320 SELL EURUSD BELOW 1.1320 TGT 1.1300 1.1270 SL 1.1350 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia
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