Epic Research Malaysia Daily Forex Report 15 feb 2019

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

2. Iforex Market Insight Date– 15 Feb INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar lower versus yen after U.S. weak retail sales Dollar lower versus yen after U.S. weak retail sales Forex Forex - - EUR/USD erases US retail EUR/USD erases US retail- -sales Forex Forex - - GBP/USD struggles near 1 GBP/USD struggles near 1- -month lows, but holds above 1.2800 handle month lows, but holds above 1.2800 handle sales- -inspired gains, steadies below 1.13 inspired gains, steadies below 1.13 EUR/USD The EUR/USD pair came under pressure in the early European session and slumped to mid-1.12s on disappointing growth data. With the greenback coming under sud- den selling pressure in the second half of the day following the retails sales data from the U.S. the pair recovered above the 1.13 mark but struggled to hold there. As of writing, the pair was up 0.15% on a daily basis at 1.1282. According to Germany's Destatis preliminary estimate, the German economy stagnated on a quarterly basis in the fourth quarter and the annual growth rate slumped to 0.9% from 1.1%. Addition- ally, the GDP in the euro area expanded by 1.2% on a yearly basis in the fourth quar- ter to match the market consensus. On the other hand, retail sales in the U.S. de- clined by 1.2% in December and missed the analysts' estimate for a 0.2% growth by a wide margin. GBP/USD Disappointing US macro data prompts some USD weakness and helped ease bearish pressure. Traders still seemed reluctant to place aggressive bets ahead of Brexit de- bate in UK Parliament. The GBP/USD pair failed to capitalize on the dismal US macro data-led bounce and remained within striking distance of one-month lows set earlier today. The US Dollar took a sharp knock and tumbled across the board in reaction to a big disappointment from the US monthly retail salesfigures for December (delayed due to the government shutdown). In fact, headline retail sales declined 1.2% m/m - the biggest drop since 2009, and the closely watched Retail Sales Control Group re- corded its biggest monthly drop ever, falling 1.7% on a monthly basis. This coupled with an unexpected jump in the initial weekly jobless claims and mixed PPI report ex- erted some additional pressure on the buck, and turned out to be a key factor behind the pair's goodish bounce in the last hour. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 15 Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Friday, February 15, 2019 04:30 GBP Core Retail Sales (YoY) (Jan) 3.0% 2.6% 04:30 GBP Core Retail Sales (MoM) (Jan) 0.2% -1.3% 04:30 GBP Retail Sales (YoY) (Jan) 3.4% 3.0% 04:30 GBP Retail Sales (MoM) (Jan) 0.2% -0.9% 08:00 EUR ECB's Coeure Speaks 08:30 USD Core Retail Sales (MoM) (Dec) 0.1% 0.2% 08:30 USD Export Price Index (MoM) (Jan) -0.1% -0.6% 08:30 USD Import Price Index (MoM) (Jan) -0.1% -1.0% 08:30 USD NY Empire State Manufacturing Index (Feb) 7.10 3.90 08:30 USD Retail Sales (MoM) (Dec) 0.2% 0.2% 09:15 USD Industrial Production (MoM) (Jan) 0.1% 0.3% 09:55 USD FOMC Member Bostic Speaks 09:55 USD FOMC Member Mester Speaks 10:00 USD Michigan Consumer Expectations (Feb) 84.5 79.9 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 15 Feb GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.2800 TGT 1.2820 1.2850 SL 1.2770 SELL GBPUSD BELOW 1.2750 TGT 1.2730 1.2700 SL 1.2780 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1310 TGT 1.1330 1.1360 SL 1.1380 SELL EURUSD BELOW 1.1280 TGT 1.1260 1.1230 SL 1.1310 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

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