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I forex Market Insight 

INTERNATIONAL CURRENCY BUZZ

ECONOMIC CALENDAR

GBP/USD HOURLY CHART

EUR/USD HOURLY CHART

EPIC RESEARCH SINGAPORE


Iforex Market Insight Date– 14 Jan

INTERNATIONAL CURRENCY BUZZ Forex - Dollar edges lower as U.S.-China trade optimism lifts Aussie Forex - GBP/USD hits fresh daily lows near 1.2700 Forex - – Euro makes push towards 1.15, German manufacturing data slips

EUR/USD The EUR/USD pair is seen staging a tepid recovery from 1.1434 session lows and regains the 1.1450 barrier, as the bulls moved past the downbeat Eurozone industrial output data and focussed on the rally in the German yields. The latest uptick in the spot can be mainly attributed to narrowing spread between the US and German 10year government bond yields, as the latter extends its recovery mode into the fourth day and hits weekly tops near 0.243%, up +10% on the day. Meanwhile, the 10-year Treasury yields are seen consolidating near the 2.70 level. However, the recovery appears limited by broad-based US dollar strength while disappointing German industrial production numbers could also continue to undermine the sentiment around the common-currency. Markets now look forward to a string of consumer confidence/ sentiment figures from the Euroland for the next push higher, as a break above the 100-DMA placed near 1.1480 still remains elusive heading into the FOMC minutes due tomorrow

GBP/USD Cable weakened during the American session and fell to 1.2709, hitting a fresh daily low. Then bounced modestly to the upside to 1.2730. The move to the downside took place on the back of a recovery of the US dollar across the board. The DXY rose from 2-month lows and now is attempting to rise back above 96.00. The improvement in risk appetite weakened the US dollar early on Tuesday. Optimism about the China-US trade talks supported the positive sentiment. US president Trump tweeted today that “talks are going very well.” Today at 9 PM ET he will deliver a speech from the White House on the Southern border. The pound also hit a fresh low versus the euro at the time GBP/USD bottomed. Uncertainties about the Brexit deal vote at the Parliament next week and its potential consequences are a negative influence for the pound at the moment.

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Iforex Market Insight Date– 14 Jan

ECONOMIC CALENDAR Time

Cur.

Event

Forecast

Previous

Monday, January 14, 2019

All Day

Japan - Coming of Age (Adults') Day

01:30

INR

WPI Inflation (YoY) (Dec)

4.42%

4.64%

Tentative

CNY

New Loans

825.0B

1,250.0B

05:00

EUR

Industrial Production (MoM) (Nov)

-1.5%

0.2%

07:00

INR

CPI (YoY) (Dec)

2.20%

2.33%

Tentative

CNY

Exports (YoY) (Dec)

3.0%

5.4%

Tentative

CNY

Imports (YoY) (Dec)

5.0%

3.0%

Tentative

CNY

Trade Balance (USD) (Dec)

51.53B

44.71B

Tentative

USD

Fed Chair Powell Testifies

Tentative

USD

WASDE Report

Iforex Market Insight Report By Epic Research Singapore

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Iforex Market Insight Date– 14 Jan

GBP/USD DAILY CHART

BUY GBPUSD ABOVE 1.2870 TGT 1.2890 1.2920 SL 1.2840 SELL GBPUSD BELOW 1.2840 TGT 1.2820 1.2790 SL 1.2870

EUR/USD DAILY CHART

BUY EURUSD ABOVE 1.1490 TGT 1.1510 1.1540 SL 1.1460 SELL EURUSD BELOW 1.1480 TGT 1.1460 1.1430 SL 1.1520

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Epic Research Singapore Daily Forex Report 14th Jan 2019  

Epic Research providing best recommendation in Forex Signals in Singapore with the help of a team of experts that can propose you in Forex P...

Epic Research Singapore Daily Forex Report 14th Jan 2019  

Epic Research providing best recommendation in Forex Signals in Singapore with the help of a team of experts that can propose you in Forex P...

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