This document provides a daily report on international forex markets, including analysis of currency pairs like GBP/USD and EUR/USD. It notes that GBP/USD fell for a second day in a row amid political uncertainty in the UK. EUR/USD also declined as the US dollar strengthened against economic data. The report includes daily currency highlights, economic data, charts showing support and resistance levels for currency pairs, and recommendations to buy or sell based on technical analysis.

1. 28-June-2018
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International Forex

2. International Forex
INTERNATIONAL CURRENCY BUZZ
Forex - US Dollar Extends Support Bounce as EUR/USD, GBP/USD Turn Lower
Forex - GBP/USD tumbles to lows near 1.3150 on USD-buying
Forex - EUR/USD weaker, challenging 1.1600 on US data
GBP/USD
Cable is down for the second session in a row on Wednesday, shedding more than a cent since recent peaks beyond
1.3300 the figure seen earlier in the week on the back of a moderate rebound in the demand for the greenback. In
fact, cable retreats further and risks at the same time a visit to YTD lows in the 1.3100 neighbourhood seen during
last week. The Sterling remains vulnerable amidst the lack of significant progress in the Brexit talks and political
uncertainty around PM May government, while the recent hawkish tone from the Bank of England carries the
potential to limit the downside. Earlier in the session, Governor M.Carney said that global risks have intensified at
his speech in the release of the Boe’s Financial Stability Report. As of writing, the pair is retreating 0.50% at 1.3158
and a break below 1.3150 (low Jun.27) would expose 1.3101 (2018 low Jun.21) and finally 1.3039 (monthly low
Nov.3 2017).
EUR/USD
The pair is probing the area of 3-day lows and trades at shouting distance from the critical support at 1.1600 the
figure, always against the backdrop of a robust bounce in the greenback, with the US Dollar Index eyeing the
psychological 95.00 milestone. In fact, spot keeps looking to risk appetite trends, in turn almost exclusively driven
by the trade disputes between the US, China and the European Union. In this regard, President Trump is expected
to make a decision on Chinese investment in the US any time later today. In the data space, US headline Durable
Goods Orders contracted less than expected at a monthly 0.6% in May, while Core orders contracted 0.3% MoM vs.
a forecasted 0.5% expansion. Additional US data saw advanced US Goods Trade deficit at $64.85 billion vs. $68.9
billion during last month and flash Wholesale Inventories rose 0.5% inter-month.

3. International Forex
DAILY ECONOMIC DATA

4. International Forex
EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.3139
Resistance: 1.3333
RECOMMENDATION:
BUY GBPUSD ABOVE 1.3160 TGT 1.3180 1.3210 SL 1.3130
SELL GBPUSD BELOW 1.3090 TGT 1.3070 1.3040 SL 1.3120

5. International Forex
EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1583
Resistance: 1.1753
RECOMMENDATION:
BUY EURUSD ABOVE 1.1600 TGT 1.1620 1.1650 SL 1.1570
SELL EURUSD BELOW 1.1550 TGT 1.1530 1.1500 SL 1.1580

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