The document provides a weekly summary of international forex information from August 20-24, 2018. It includes analysis on currency pairs like EUR/USD and GBP/USD, noting that the euro may gain if it returns to fundamentals amid concerns over bank exposure to Turkey. Brexit negotiations are also summarized, expecting a "decent Brexit" deal keeping the UK close to the EU, though a no-deal outcome has increased risks. The document concludes with Epic Research's analyst discussing daily charts and recommendations to buy or sell currency pairs.

1. 20 Aug – 24 Aug 2018
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co
Please refer to disclaimer at the end of the report.
WEEKLY INTERNATIONAL FOREX

2. INTERNATIONAL CURRENCY BUZZ
Forex - EUR/USD: Euro to gain once it gets back to basics - CIBC
Forex - GBP: Brexit Concerns Continue to Outweigh Positive Economic Data
Forex - Venezuelans rush to shop, fill tanks before monetary overhaul
GBP/USD
“Get ready for the Brexit end-game, which takes place in Q4, as the EU and the UK must strike a deal ahead
of the formal exit date on 29 March 2019, as both sides need time for ratification. The negotiations are
complicated because there is no majority for anything in the UK. Roughly 50% want to remain within the EU
while the 50% that want to leave the EU are divided between those who want a soft exit and a hard one.
The Conservative Party conference from 30 September-3 October is a key event in this regard.” “We still
expect the most likely outcome to be a ‘decent Brexit’, where we get a deal keeping the UK close to the EU,
in particular on goods trading, although leaving the EU single market. That said, the likelihood of a ‘no deal
Brexit’ has increased following the departure of prominent Brexiteers from the cabinet.”
EUR/USD
“The euro has come under attack recently due to concerns surrounding banks’ exposure to Turkey. However, even
the most exposed banks in Spain have a much lower proportion to total claims linked to Turkey than some of the
headlines suggest.” “If the euro goes back to trading on fundamentals, an improving economic backdrop relative to
lower expectations than at the start of the year should see the euro claw back some ground versus the US$”. “The
EZ continues to march towards eliminating its remaining economic slack, and an upturn in interest rates could come
a quarter or so earlier than the markets now expect.” “Most of our clients won’t be bold enough to wade into the
Turkish lira’s choppy waters, even if they have a view that the crisis will pass. But for more cautious investors,
playing for a euro rebound is a safer way to bet against an economic Armageddon.”
WEEKLY INTERNATIONAL FOREX

3. WEEKLY ECONOMIC DATA
WEEKLY INTERNATIONAL FOREX

4. EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.2541
Resistance: 1.3133
RECOMMENDATION:
BUY GBPUSD ABOVE 1.2760 TGT 1.3000 1.3100 SL 1.2700
SELL GBPUSD BELOW 1.2690 TGT 1.2650 1.2550 SL 1.2750
WEEKLY INTERNATIONAL FOREX

5. EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1230
Resistance: 1.1720
RECOMMENDATION:
BUY EURUSD ABOVE 1.1470 TGT 1.1510 1.1610 SL 1.1410
SELL EURUSD BELOW 1.1380 TGT 1.1340 1.1240 SL 1.1440
WEEKLY INTERNATIONAL FOREX

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
WEEKLY INTERNATIONAL FOREX