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International Forex
International Forex
INTERNATIONAL CURRENCY BUZZ
Forex - Dollar Hits Almost 6-Month Highs, Euro Falls Below $1.18
Forex - Pound Edges Lower, US Posts Mixed Construction Data
Forex - EURJPY spikes into the 200 hour MA and stops
GBP/USD
The GBP/USD pair is trading at 1.3461 down 0.32% as the US Dollar is being well supported even with the US
Treasury yields easing off 2011 highs on Wednesday. In the early European session, the pair found an intraday
ceiling at 1.3520 and then fell about 50 pips. Cable is hovering near 2018 lows a the time of writing. The 10-year US
Treasury is consolidating its strong advance on Wednesday while the US Dollar Index (DXY) which measures the
greenback versus a basket of currencies is continuing the strong up move seen in the last two days. DXY is trading
above the 93.50 mark Meanwhile, the US Census Bureau and the US Department of Housing and Urban
Development just released the new residential construction statistics for April 2018. The US housing starts came
below expectations at 1.287M versus 1.31M expected while the US building permits came better-than-expected at
1.352M against 1.35M expected.
EUR/USD
The robust pace of the greenback is now forcing EUR/USD to trade in the 1.1770/60 band, fresh multi-month lows.
The pair is now intensifying the leg lower, shedding ground for the third session in a row and navigating the area of
fresh 2018 lows in the 1.1770/60 band, area last visited in mid-December 2017. On the other hand, the greenback
is extending its rally beyond the 93.60 level when tracked by the US Dollar Index, recording at the same time new 5-
month peaks and always underpinned by the better tone in US yields. In the data space, mixed US housing sector
results saw Building Permits contracting less than expected in April at a monthly 1.8%, while Housing Starts dropped
3.7% MoM, missing consensus. At the moment, the pair is losing 0.53% at 1.1776 and a breakdown of 1.1764 (2018
low May 16) would target 1.1718 (monthly low Dec.12 2017) en route to 1.1553 (monthly low Nov. 7 2017). On the
upside, the next hurdle aligns at 1.1898 (10-day sma) seconded by 1.1996 and finally 1.2021 (200-day sma).
International Forex
DAILY ECONOMIC DATA
International Forex
EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.3388
Resistance: 1.3634
RECOMMENDATION:
BUY GBPUSD ABOVE 1.3550 TGT 1.3570 1.3600 SL 1.3520
SELL GBPUSD BELOW 1.3440 TGT 1.3420 1.3390 SL 1.3470
International Forex
EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1743
Resistance: 1.1987
RECOMMENDATION:
BUY EURUSD ABOVE 1.1830 TGT 1.1850 1.1880 SL 1.1800
SELL EURUSD BELOW 1.1760 TGT 1.1740 1.1710 SL 1.1790
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.
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International Forex

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Daily i forex-report-17-may-2018-by-epic-research

  • 1. 17-May-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 Hits Almost 6-Month Highs, Euro Falls Below $1.18 Forex - Pound Edges Lower, US Posts Mixed Construction Data Forex - EURJPY spikes into the 200 hour MA and stops GBP/USD The GBP/USD pair is trading at 1.3461 down 0.32% as the US Dollar is being well supported even with the US Treasury yields easing off 2011 highs on Wednesday. In the early European session, the pair found an intraday ceiling at 1.3520 and then fell about 50 pips. Cable is hovering near 2018 lows a the time of writing. The 10-year US Treasury is consolidating its strong advance on Wednesday while the US Dollar Index (DXY) which measures the greenback versus a basket of currencies is continuing the strong up move seen in the last two days. DXY is trading above the 93.50 mark Meanwhile, the US Census Bureau and the US Department of Housing and Urban Development just released the new residential construction statistics for April 2018. The US housing starts came below expectations at 1.287M versus 1.31M expected while the US building permits came better-than-expected at 1.352M against 1.35M expected. EUR/USD The robust pace of the greenback is now forcing EUR/USD to trade in the 1.1770/60 band, fresh multi-month lows. The pair is now intensifying the leg lower, shedding ground for the third session in a row and navigating the area of fresh 2018 lows in the 1.1770/60 band, area last visited in mid-December 2017. On the other hand, the greenback is extending its rally beyond the 93.60 level when tracked by the US Dollar Index, recording at the same time new 5- month peaks and always underpinned by the better tone in US yields. In the data space, mixed US housing sector results saw Building Permits contracting less than expected in April at a monthly 1.8%, while Housing Starts dropped 3.7% MoM, missing consensus. At the moment, the pair is losing 0.53% at 1.1776 and a breakdown of 1.1764 (2018 low May 16) would target 1.1718 (monthly low Dec.12 2017) en route to 1.1553 (monthly low Nov. 7 2017). On the upside, the next hurdle aligns at 1.1898 (10-day sma) seconded by 1.1996 and finally 1.2021 (200-day sma).
  • 4. International Forex EPIC'S ANALYST SPEAKS GBP/USD Daily Chart INTRADAY OUTLOOK Support: 1.3388 Resistance: 1.3634 RECOMMENDATION: BUY GBPUSD ABOVE 1.3550 TGT 1.3570 1.3600 SL 1.3520 SELL GBPUSD BELOW 1.3440 TGT 1.3420 1.3390 SL 1.3470
  • 5. International Forex EPIC'S ANALYST SPEAKS EUR/USD Daily Chart INTRADAY OUTLOOK Support: 1.1743 Resistance: 1.1987 RECOMMENDATION: BUY EURUSD ABOVE 1.1830 TGT 1.1850 1.1880 SL 1.1800 SELL EURUSD BELOW 1.1760 TGT 1.1740 1.1710 SL 1.1790
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