19-January International Forex. For More Information Please visit or contact

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1 19-January-2018 For More Information Please visit or contact Please refer to disclaimer at the end of the report.

2 INTERNATIONAL CURRENCY BUZZ Forex - Dollar Remains Lower as Euro Regains Momentum Forex - BoE Push for Higher Interest Rates could Cause Pound to Yen Exchange Rate Rise Forex - GBP/USD surges back closer to 1.39 mark, US data eyed GBP/USD The GBP/USD pair finally broke out of its Asian/early European session consolidative phase and refreshed session tops in the past hour. The pair stalled overnight retracement slide from fresh post-brexit highs and found decent support near the handle. Moreover, some renewed US Dollarweakness remained supportive of the prevalent dip-buying interest and helped the pair to surge around 85-pips from session lows. Despite the ongoing upsurge in the US Treasury bond yields, the USD struggled to build on overnight strong rebound and was seen as one of the key factors driving the pair higher on Thursday. The momentum, however, seemed to fizzle ahead of the handle as traders now look forward to the USeconomic docket, featuring the release of housing market data, Philly Fed Manufacturing Index and weekly initial jobless claims, for some fresh trading impetus. EUR/USD The dollar remained lower against a basket of the other major currencies on Thursday as the euro regained ground after pulling away from a three year peak in the previous session. The U.S. dollar index, which measures the greenback s strength against a trade-weighted basket of six major currencies, was down 0.33% to by 08:55 AM ET (13:55 AM GMT), off an overnight high of The euro climbed around half a cent, with EUR/USD rising 0.49% to The euro pulled back from a three year high of on Wednesday after comments by European Bank officials reflected unease over the currency s recent strong gains. The euro has strengthened broadly since last week's minutes of the ECB s December meeting boosted expectations that policymakers are preparing to winding down their bond buying stimulus program.

3 DAILY ECONOMIC DATA

4 GBP/USD Daily Chart EPIC'S ANALYST SPEAKS INTRADAY OUTLOOK Support: Resistance: RECOMMENDATION: BUY GBPUSD ABOVE TGT SL SELL GBPUSD BELOW TGT SL

5 EUR/USD Daily Chart EPIC'S ANALYST SPEAKS INTRADAY OUTLOOK Support: Resistance: RECOMMENDATION: BUY EURUSD ABOVE TGT SL SELL EURUSD BELOW TGT SL

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