I forex Market Insight
INTERNATIONAL CURRENCY BUZZ
ECONOMIC CALENDAR
GBP/USD HOURLY CHART
EUR/USD HOURLY CHART
EPIC RESEARCH SINGAPORE
Iforex Market Insight Date– 10 April
INTERNATIONAL CURRENCY BUZZ Forex - US Dollar to Gain Versus Malaysian Ringgit? USDPHP, USDIDR May Fall Forex - Yen holds gains on U.S.-Europe trade tension, Brexit summit in focus Forex - GBPUSD Struggles Ahead of EU Summit Despite Vote for Brexit Extension
EUR/USD The safe-haven yen held most of its recent gains on Wednesday as investor caution prevailed due to fresh global trade tensions and as the International Monetary Fund downgraded its global economic outlook. Broader sentiment in the market remained subdued as the flare-up between the United States and Europe added to other potential global flashpoints over trade, including ongoing Sino-U.S. tariff negotiations. "Now, there are battles on two fronts for the U.S.," said Bart Wakabayashi, Tokyo branch manager at State Street (NYSE:STT) Bank. "If they're going to be driving the global economy, it'll be inherently more difficult if they're fighting all these trade wars...on multiple fronts," he said. The dollar was basically unchanged at 111.17 yen, paring a slight loss earlier. The U.S. unit has fallen almost two-thirds of a percent from a more than three-week high of 111.825 yen brushed on Friday last week.
GBP/USD GBP/USD is currently trading at 1.3031 between a range of 1.3030 and 1.3121. Traders eye Brexit developments although markets turn sour in US and dollar gets supported, weighing on GBP. Despite a positve start in Asia overnight with the MSCI Asia-Pacific hitting 8-month high as Chinese shares rise, US markets have turned a little stake and US stocks are down on the day, casting a risk-off sentiment across the FX space which is giving the greenback some support which is seeing cable down 0.19% on the day. The pound edged lower after German government spokesman denied a media report that Chancellor Angela Merkel is willing to put a time limit on the Northern Ireland backstop in Britain's EU withdrawal agreement - This followed a pop in sterling due to the BBC reporting that a British Eurosceptic lawmaker had been advised that Merkel was willing to put a five-year time limit on the backstop .
Iforex Market Insight Report By Epic Research Singa-
www.epicresearch.sg
Iforex Market Insight Date– 10 April
ECONOMIC CALENDAR Time
Cur.
Event
Forecast
Previous
Wednesday, April 10, 2019 02:15
JPY
BoJ Governor Kuroda Speaks
04:30
GBP
GDP (YoY)
04:30
GBP
GDP (MoM)
0.2%
0.5%
04:30
GBP
Industrial Production (MoM) (Feb)
0.1%
0.6%
04:30
GBP
Manufacturing Production (MoM) (Feb)
0.2%
0.8%
04:30
GBP
Trade Balance (Feb)
-12.70B
-13.08B
04:30
GBP
Trade Balance Non-EU (Feb)
-4.50B
-4.98B
07:00
USD
OPEC Monthly Report
08:30
USD
Core CPI (MoM) (Mar)
0.2%
0.1%
08:30
USD
Core CPI (YoY) (Mar)
2.1%
2.1%
08:30
USD
CPI (MoM) (Mar)
0.3%
0.2%
Tentative
GBP
NIESR GDP Estimate
0.1%
09:00
GBP
NIESR Monthly GDP Tracker
0.1%
10:30
USD
Crude Oil Inventories
10:30
USD
Cushing Crude Oil Inventories
0.201M
13:00
USD
10-Year Note Auction
2.615%
14:00
USD
Federal Budget Balance (Mar)
14:00
USD
FOMC Meeting Minutes
19:01
GBP
RICS House Price Balance (Mar)
22:30
AUD
RBA Assist Gov Debelle Speaks
Iforex Market Insight Report By Epic Research Singapore
1.4%
2.294M
7.238M
-180.0B
-234.0B
-30%
-28%
www.epicresearch.sg
Iforex Market Insight Date– 10 April
GBP/USD DAILY CHART
BUY GBPUSD ABOVE 1.3050 TGT 1.3070 1.3100 SL 1.3020 SELL GBPUSD BELOW 1.3010 TGT 1.2990 1.2960 SL 1.3040
EUR/USD DAILY CHART
BUY EURUSD ABOVE 1.1290 TGT 1.1310 1.1330 SL 1.1275 SELL EURUSD BELOW 1.1250 TGT 1.1240 1.1220 SL 1.1265
Iforex Market Insight Report By Epic Research Singa-
www.epicresearch.sg
EPIC RESEARCH SINGAPORE
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