Iforex Market Insight

INTERNATIONAL CURRENCY BUZZ

 ECONOMIC CALENDAR

GBP/USD & EUR/USD HOURLY CHART

EPIC RESEARCH MALAYSIA

 Iforex Market Insight
Date– 20 Nov

INTERNATIONAL CURRENCY BUZZ

Forex - Dollar Dips on Rate Hike Doubts; Sterling Holding Above 1.28
Forex - Pound falls after PM May Brexit transition comments, large order
Forex - EURUSD: The Euro Is Expected To Drop To The LB Balance Line

EUR/USD
The upbeat tone in the European currency remains well and sound for another ses-
sion and is propping up the advance in EUR/USD further north of the 1.1400 barrier.
The pair quickly recovered from the overnight drop to sub-1.1400 levels and is now
navigating the upper end of the range in the 1.1420/30 band, always on the back of
the continuation of the selling mood around the buck and vigilant on headlines from
Brexit and Italy. In fact, investors keep closely following events in the Brexit negotia-
tions while uncertainty around PM May’s government keep weighing on the Sterling
for the time being, lifting EUR/GBP and thus lending extra oxygen to EUR. In Italy, ef-
fervescence remains intact in the political scenario, where issues around the 2019
draft budget stay in centre stage. Later in the session, the BuBa’s monthly report is
only due in Euro land, whereas the NAHB index and the speech by NY Fed J.Williams
are expected across the pond.

GBP/USD
The upbeat tone in the European currency remains well and sound for another ses-
sion and is propping up the advance in EUR/USD further north of the 1.1400 barrier.
The pair quickly recovered from the overnight drop to sub-1.1400 levels and is now
navigating the upper end of the range in the 1.1420/30 band, always on the back of
the continuation of the selling mood around the buck and vigilant on headlines from
Brexit and Italy. In fact, investors keep closely following events in the Brexit negotia-
tions while uncertainty around PM May’s government keep weighing on the Sterling
for the time being, lifting EUR/GBP and thus lending extra oxygen to EUR. In Italy, ef-
fervescence remains intact in the political scenario, where issues around the 2019
draft budget stay in centre stage. Later in the session, the BuBa’s monthly report is
only due in Euroland, whereas the NAHB index and the speech by NY Fed J.Williams
are expected across the pond.

Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

 Iforex Market Insight
Date– 20 Nov

ECONOMIC CALENDAR
Time Cur. Event Forecast Previous

Tuesday, November 20, 2018

All Day Malaysia - Birthday of PROPHET MUHAMMAD

03:20 AUD RBA Governor Lowe Speaks

05:00 GBP BoE Gov Carney Speaks

05:00 GBP Inflation Report Hearings

Tentative USD OPEC Meeting

Tentative EUR EU Finance Ministers Meeting

06:00 GBP CBI Industrial Trends Orders (Nov) -7 -6

08:30 USD Building Permits (MoM) (Oct) -0.8% 1.7%

08:30 USD Building Permits (Oct) 1.267M 1.270M

08:30 USD Housing Starts (MoM) (Oct) 1.6% -5.3%

08:30 USD Housing Starts (Oct) 1.225M 1.201M

Tentative NZD GlobalDairyTrade Price Index -2.0%

16:30 USD API Weekly Crude Oil Stock 8.790M

Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

 IFOREX Market Insight
top 5 gainers Date– 20 Nov

GBP/USD DAILY CHART

BUY GBPUSD ABOVE 1.2890 TGT 1.2910 1.2940 SL 1.2860

SELL GBPUSD BELOW 1.2820 TGT 1.2800 1.2770 SL 1.2850

EUR/USD DAILYCHART

BUY EURUSD ABOVE 1.1460 TGT 1.1480 1.1510 SL 1.1430

SELL EURUSD BELOW 1.1410 TGT 1.1390 1.1360 SL 1.1440

Iforex Market Insight By Epic Research Malaysia www.epicresearch.my

 EPIC RESEARCH MALAYSIA

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