FREE
EDITION
FROM PREVIOUS ANALYSIS
170 PIPS
RUNNING
BANK OF CANADA
CURRENT STATUS
LATEST SITUATION IN UNITED STATES
TRUMP VS POWELL,
AND HOW IT WILL
AFFECT US DOLLAR
ASIAN FOREX MAGAZINE
CONTENTS
EDITOR'S NOTE
ASIAN FOREX MAGAZINE was given opportunity to take part as
one of the presenter and exhibitor in recent WikiFX Finance Expo
held in Kuala Lumpur last week.
It was a very successful event and we were honored after
received special award from WikiFX as "The Best and Trending e-
Forex Magazine in Malaysia 2019".
This award really boost our morale to keep on producing this free
e-Forex magazine for everyone!.
Happy reading everyone!.
AHMAD FAIZUDDIN BIN RAZALI
MAIN EDITOR OF ASIAN FOREX MAGAZINE
BANK OF CANADA KEEPS RATE
STEADY
LATEST SITUATION IN UNITEDS STATES
AND US DOLLAR FORECAST
11 JULY 2019 | ISSUE 07
21-1A BLOK L, JALAN SEKSYEN 3/10 TAMAN
KAJANG UTAMA, SELANGOR DARUL EHSAN
WWW.MAJALAHFOREXMALAYSIA.COM
(TEMPORARY)
EXCLUSIVE
BANK OF CANADA
KEEPS RATE STEADY
June 2019 shown Bank of Canada maintained the current interest rate level
despite showing some progress in some economic data. Not
Canada Dollar perform like any others major central bank such as Federal Reserve,
better from US Dollar Reserve Bank of Australia and European Central Bank, Bank of
Canada still maintain their current monetary policy.
as expected by us
However, the future steps may taken by them still in questions
after the Gavernor, S.Poloz give some hints the possibility of
AHMAD FAIZUDDIN BIN RAZALI cutting the rates are higher compare to increase it, deviate
slightly from early year speech tone by him.
Main source: business.financialpost.com
FEDERAL RESERVE
GLOOMY
Early this month, Trump publicly shown
his intention to replace current Feds
Chairman, J.Powell with new candidates.
OUTLOOK J.Powell in his latest speech confirmed the
latest development of economic situation,
and it does not look to impressive.
Furthermore, according to him, Federal
INTEREST RATE CUT IS LIKELY TO Reserve are ready to make a first interest
HAPPEN IN THE NEAR FUTURE cut in a decade, signalling the future path of
Federal Reserve monetary policy.
If we talk about the value of USD, yes, it will
AHMAD FAIZUDDIN BIN RAZALI affect its value and it already happen to
some pair. These 2 situations eventually
will affect investors confidence towards US
Dollar.
Main source: www.abc.net.au
EXCLUSIVE
July 2019, the global spotlight will Pair of GBP/USD show some
focus toward United Kingdom, possible opportunity for us due to
GBP since this month they will have new
Prime Minister.
latest situation in United States.
Speech tone from FEDS chairman
USD Doesn't matter who will sit on that
"chair', the real question is what
J.Powell who indicated the
possibliy of interest rate cut would
badly affect value of USD, and if at
will happen to crisis of Brexit, will
new PM able to solve the deadlock, the same time Brexit situation
or make it worse?. shown some positive development,
GBP/USD possibliy will surge
TECHNICAL ANALYSIS
That question important for Forex higher.
trader, any positive call will give us
WRITTEN BY AHMAD FAIZUDDIN Prepare for that scenario!.
some chances to trade Pound.
31 | Steam
ASIAN FOREX MAGAZINE 6TH EDITION DATED AT
4TH OF JULY 2019
In our previous edition, we RBA already announced
SUCCESSFUL
detecting the possibility and twice rates cuts since last to
the chances of pair consecutive policy meeting
ANALYSIS:
GBP/AUD, due to some and rate announcement of
fundamental issue and also May and June 2019.
after reviewed the technical
170++ PIPS analysis. Thus, we are predicting the
drop value of AUD and its
GAINED Australian Dollar heavily
affected since Reserve Bank
really happen.
of Canada shown some Pair of GA will rise more if the
serious intention to applied crisis in UK and Europe
loose monetary policy this shown some positive
year. development.
“THE SECRET TO BEING
SUCCESSFUL FROM A TRADING
PERSPECTIVE IS TO HAVE AN
INDEFATIGABLE AND AN
UNDYING AND UNQUENCHABLE
THIRST FOR INFORMATION AND
KNOWLEDGE.”
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