EPIC RESEARCH I-FOREX DAILY REPORT

1. 22-June-2018
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co
Please refer to disclaimer at the end of the report.
International Forex

2. International Forex
INTERNATIONAL CURRENCY BUZZ
Forex - Dollar Dips on Soft U.S. Factory Data, BoE Boosts Pound
Forex - GBP/USD extends gains, rises to 1.3270
Forex - EUR/USD bulls take a breather above 1.16
GBP/USD
The GBP/USD pair rose more than 150 pips from the daily low. Earlier today bottomed at 1.3100, the lowest since
November. After the BoE decision climbed above 1.3200 and then, a weak US dollar boosted the pair further to the
upside. Recently it printed a fresh daily high at 1.3270, the highest level since Tuesday. It was hovering around
1.3250/60, consolidating important daily gains. The pound is among the top performers on Thursday on the back
of BoE policy expectations that changed after the 7-2 vote at the MPC and the comments regarding when to
consider changes to the purchase program. “The GBP appreciated and Gilt yields rose across the curve on the
hawkish signals from the Bank of England. The market is now pricing in above 65% probability of a rate hike in
August (17bp priced) compared with around 45% probability prior to the announcement, while a November hike is
now almost fully priced in.
EUR/USD
The EUR/USD pair benefited from the broad-based selling pressure witness on the USD in the early NA session and
erased its daily losses to turn positive above the 1.16 mark. After advancing to a fresh session high at 1.1633, the
pair lost its momentum and was last seen trading at 1.1603, where it was up 0.25% on the day. The sudden risk-
aversion felt in the last cıouple of hours dragged the 10-year US T-bond yields below the 2.9% mark and weighed on
the greenback. The US Dollar Index, which rallied to a fresh 11-month high above 95 earlier today, dropped all the
way down to 94.33 before starting to consolidate its losses. At the moment, the index is down 0.23% on the day at
94.55. Meanwhile, today's data from the United States disappointed with the Philly Fed Manufacturing Index
missing the market expectation of 29 with 19.9 in June. Furthermore, the housing price index came in at 0.1% in
April to fall short of experts' estimate of 0.3%.

3. International Forex
DAILY ECONOMIC DATA

4. International Forex
EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.3110
Resistance: 1.3248
RECOMMENDATION:
BUY GBPUSD ABOVE 1.3280 TGT 1.3300 1.3330 SL 1.3250
SELL GBPUSD BELOW 1.3190 TGT 1.3170 1.3140 SL 1.3220

5. International Forex
EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1505
Resistance: 1.1635
RECOMMENDATION:
BUY EURUSD ABOVE 1.1640 TGT 1.1660 1.1690 SL 1.1610
SELL EURUSD BELOW 1.1570 TGT 1.1550 1.1520 SL 1.1600

6. Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial
advisory provider companies in the private sector.
DISCLAIMER
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 information 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 independently 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 information given in this report. The share price projections shown are not necessarily indicative of future price
performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related 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 ex-pressed as a recommendation for which either the site or its owners or anyone can be held responsible. Any surfing and reading of
the information is the acceptance of this disclaimer. Investment in equity, futures, Forex and commodity market has its own risks. We, however, do not
vouch for the accuracy or the completeness thereof. We are not responsible for any loss incurred whatsoever for any financial profits or loss which may
arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients
(Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with
anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
For India: Info@epicresearch.co Address: 411 Milinda Manor(Suites 409-425) 2 RNT Marg. Opp Central Mall Indore (M.P.) +91 -731- 6642300
For United States- HNI& NRI Sales Contact: 2117 Arbor Vista Dr. Charlotte (NC)-Cell: +1 704 249 23
For Australia- HNI & NRI Sales Contact: Mintara Road, Tarneit, Victoria, Post Code 3029 Cell: +61 422 063855
Singapore- www.epicresearch.sg Contact +65-3158-1402
Malaysia-www.epicresearch.myContact +60-3502-19047
International Forex