Epic Research Malaysia Daily iForex Report 21 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– 21 Feb INTERNATIONAL CURRENCY BUZZ Forex Forex - - Dollar steady after Fed minutes, trade issues back in view Dollar steady after Fed minutes, trade issues back in view Forex Forex- - GBP/USD bulls capped in their tracks as DXY firms following neutral FOMC GBP/USD bulls capped in their tracks as DXY firms following neutral FOMC Forex Forex - - EUR/USD erases gains after FOMC minutes/ Brexit rinse and repeat EUR/USD erases gains after FOMC minutes/ Brexit rinse and repeat EUR/USD The EUR/USD pair dropped further from the highest level in two weeks following the release of the minutes from the latest FOMC meeting. Earlier today, EUR/USD hit 1.1370, and it just fell to 1.1334, moving closer to daily lows. Now the pair is flat for the day, after finding resistance at the 20-day moving average and following US dollar strength on the back of Fed’s minutes. According to the document, several partici- pants saw further rate hikes appropriate in 2019, and almost all thought it desirable to announce a plan to stop reducing Fed’s asset holdings later this year. FOMC mem- bers agreed that it was important to be flexible in managing the process of balance sheet normalization. Market participants appear to have interpreted the minutes as “not so dovish”, taking into account the US dollar appreciation that followed the document. GBP/USD GBP/USD has been a solid performer this week, relishing in the prospects of a soft Brexit where it is quite frankly inconceivable that the UK will leave next month with a deal, according to the majority of the markets. However, PM May warns that a no- deal is still on the table and preparations are being made for such a scenario. How- ever, the core to the pound's strength is related to the Boland risk-FX overdrive of late. Recent UK data has been solid and a BoE rate hike will likely be on the cards, re- gardless of whatever type of Brexit. Meanwhile, Junkers has said timing is of the es- sence and they have made progress today in a meeting that took place regarding the backstop where PM May has said that she had underlined the need for legally bind- ing changes to the backstop at the meeting with Junker. Additionally, FX markets have favored the central bank meetings as an excuse to be long of risk, leading to a sell-off in the dollar. Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

3. Iforex Market Insight Date– 21 Feb ECONOMIC CALENDAR Time Time Cur. Cur. Event Event Forecast Forecast Previous Previous Thursday, February 21, 2019 03:00 EUR ECB's Praet Speaks 04:00 EUR Manufacturing PMI (Feb) 50.3 50.5 04:00 EUR Markit Composite PMI (Feb) 51.1 51.0 04:00 EUR Services PMI (Feb) 51.5 51.2 07:00 GBP BoE MPC Member Haldane Speaks ECB Publishes Account of Monetary Policy Meet- ing 07:30 EUR 07:50 USD FOMC Member Bostic Speaks 08:30 USD Cap Goods Ship Non Defense Ex Air (MoM) 0.0% -0.2% 08:30 USD Core Durable Goods Orders (MoM) (Dec) 0.2% -0.4% 08:30 USD Durable Goods Orders (MoM) (Dec) 0.8% 0.7% 08:30 USD Initial Jobless Claims 220K 239K 08:30 USD Philadelphia Fed Manufacturing Index (Feb) 15.6 17.0 08:30 USD Philly Fed Employment (Feb) 9.6 08:30 EUR ECB's Praet Speaks 09:45 USD Manufacturing PMI (Feb) 54.9 54.9 09:45 USD Markit Composite PMI (Feb) 55.1 54.4 09:45 USD Services PMI (Feb) 54.4 54.2 10:00 USD Existing Home Sales (Jan) 5.01M 4.99M 10:00 USD Existing Home Sales (MoM) (Jan) 0.8% -6.4% 11:00 USD Crude Oil Inventories 3.080M 3.633M 11:00 USD Cushing Crude Oil Inventories -1.016M 17:30 AUD RBA Governor Lowe Speaks 18:30 JPY National Core CPI (YoY) (Jan) 0.8% 0.7% 18:30 JPY National CPI (MoM) -0.2% 23:00 MYR CPI (YoY) (Jan) -0.2% 0.2% www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

4. IFOREX Market Insight top 5 gainers Date– 21 Feb GBP/USD DAILY CHART BUY GBPUSD ABOVE 1.3040 TGT 1.3060 1.3090 SL 1.3010 SELL GBPUSD BELOW 1.2990 TGT 1.2970 1.2940 SL 1.3020 EUR/USD DAILYCHART BUY EURUSD ABOVE 1.1360 TGT 1.1380 1.1410 SL 1.1330 SELL EURUSD BELOW 1.1330 TGT 1.1310 1.1280 SL 1.1360 www.epicresearch.my Iforex Market Insight By Epic Research Malaysia

5. EPIC RESEARCH MALAYSIA The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable.This material is for personal informa- tion and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors inde- pendently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the informa- tion given in this report, which is in violation of rules and regulations . The share price projections shown are not necessarily indicative of future price performance. The informa- tion herein, together with all estimates and forecasts, can change without notice. Analyst or any person re- lated to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a rec- ommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.All Rights Reserved. Investment in equity & bullion market has its own risks.