Daily i forex report 23 jul 2018 by epic research

1. 23-July-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 on Track for Weekly Drop as Trump Blasts Fed Policy
Forex - Flailing Euro Is Unlikely to Find Any Succor From ECB Meeting
Forex - GBP/USD spikes to fresh session tops, 1.31 mark back on sight
GBP/USD
The GBP/USD pair reversed a dip to sub-1.3000 level and spiked to fresh session tops around the 1.3080-85 region
in the last hour. The pair built on its overnight rebound from 10-month lows and caught some bids since the early
European session, snapping three consecutive days of losing streak. A follow-through US Dollar retracement on
Friday was seen as one of the key factors that helped the pair to recover all of its previous session's losses. The
latest leg of a spike over the past hour or so could be attributed to the US President Donald Trump's comments, via
Twitter, expressing displeasure over the Fed's monetary policy tightening. The greenback was also being weighed
down by St. Louis Fed President James Bullard's dovish comments, saying that yield curve inversion is a bearish
signal on the economy and the Fed should hold off on hiking further.
EUR/USD
The euro has been treading water. It is unlikely to find a rescuing hand from the European Central Bank, whose
policy makers meet next week. While analysts expect the shared currency to strengthen as the year progresses,
conviction in that view is shaky, with strategists having pared their calls recently. The euro was knocked down after
the ECB’s mid-June policy review, when President Mario Draghi dashed expectations for tightening in early 2019.
Since then, trade tensions have heightened and core inflation in the euro area has been revised downward, which
gives the ECB little incentive to change tack any time soon. The policy divergence between the Federal Reserve and
the ECB is another factor that is curbing enthusiasm on the euro. Shorter-term bond yields, which are usually more
sensitive to changing views on monetary policy, are in favor of the dollar: the two-year yield differential between
U.S. Treasuries and German bunds widened this week to more than 300 basis points, the most in data going back to
1990.

3. International Forex
DAILY ECONOMIC DATA

4. International Forex
EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.2891
Resistance: 1.3147
RECOMMENDATION:
BUY GBPUSD ABOVE 1.3150 TGT 1.3170 1.3200 SL 1.3120
SELL GBPUSD BELOW 1.3120 TGT 1.3100 1.2970 SL 1.3150

5. International Forex
EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1526
Resistance: 1.1738
RECOMMENDATION:
BUY EURUSD ABOVE 1.1740 TGT 1.1760 1.1790 SL 1.1710
SELL EURUSD BELOW 1.1700 TGT 1.1680 1.1650 SL 1.1730

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