21Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • This week precious metals traders will be monitoring trade talks for signs of a resolution in the U.S.-China trade dispute, while concerns over the economic impact of the U.S. government shutdown and uncertainty over Brexit will also remain in focus. While the ongoing government shutdown continues to delay some key U.S. economic reports, investors will get an update on U.S. existing home sales and jobless claims this week and U.S. markets are to remain closed for a long holiday weekend on Monday.
  • A blast at a gasoline pipeline in Mexico that killed at least 79 people has directed renewed scrutiny toward the new president’s ambitious strategy to stop fuel theft, his first major offensive to stamp out corruption and organized crime. Some relatives of the victims said fuel shortages stemming from President Andres Manuel Lopez Obrador’s plan led people to fill plastic containers with gasoline on Friday at a leak in the Tula-Tuxpan pipeline, a few miles (km) from a major refinery.
  • Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). International Brent crude oil futures (LCOc1) were at $62.57 per barrel at 0215 GMT, down 13 cents, or 0.2 percent, from their last close.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. Signs of further cooling in China — which has generated nearly a third of global growth in recent years — are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple (NASDAQ:AAPL) to big car makers.
  • Tax systems that put a high burden on the poor mean public services are underfunded, stretching the gap between rich and poor and fuelling global public anger, Winnie Byanyima, executive director of Oxfam International, said on Monday. The Nairobi-headquarted charity said in a report that a new billionaire was created every two days last year, just as the poorest half of the world’s population saw their wealth decline by 11 percent.
  • Analysts have trimmed forecasts for Australian economic growth following some disappointing numbers last year, but still tip solid outcomes ahead even in the face of falling house prices and a slowdown in China. Economists polled by Reuters forecast Australia’s A$1.87 trillion ($1.34 trillion) of annual gross domestic product (GDP) expanded by 3.0 percent in 2018, down from 3.2 percent in an October poll.

COMEX GOLD SIGNAL

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18Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                           Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 9.89 points or 0.59% on Thursday. The Finance Index increased 0.10% to 17419.67 points, the Properties Index up 0.93% to 924.95 points and the Plantation Index rose 0.58% to 7192.42 points. The market traded within a range of 9.88 points between an intra-day high of 1684.24 and a low of 1674.36 during the session.
  • Actively traded stocks include SAPNRG, NEXGRAM, ARMADA, MYEG, VS, MALAKOF, DESTINI, PRESBHD, GBGAQRS and SEACERA. Trading volume increased to 2404.11 mil shares worth RM2037.91 mil as compared to Wednesday’s 2309.55 mil shares worth RM1870.69 mil./p>
  • Leading Movers were GENTING (+40 sen to RM6.82), HARTA (+27 sen to RM5.25), DIALOG (+14 sen to RM3.04), GENM (+9 sen to RM3.37) and PETCHEM (+12 sen to RM8.40). Lagging Movers were AMMB (-3 sen to RM4.53), MISC (-3 sen to RM6.60), MAHB (-3 sen to RM8.05), MAYBANK (- 1 sen to RM9.41) and PBBANK (-2 sen to RM24.68). Market breadth was positive with 447 gainers as compared to 331 losers.
  • The KLCI closed slightly higher at 1682.97 points amid overnight gains in US market. The performance of our local bourse was lifted up by buying interest in heavy weight counters such as Genting, Hartalega and Dialog.

 Today’s KLSE Stock Signal

 

 

 Today’s KLSE Stock Signal

 

 

 

 Today’s KLSE Stock Signal

 

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17Jan

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • The U.K.’s political and economic problems and a no-confidence vote on Prime Minister Theresa May after her failed Brexit deal vote are keeping alive gold bugs’ hopes of recapturing highs of above $1,300 per ounce, even as China’s attempts to steady its economy tamp down safe havens. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange settled up $5.40, or 0.4%, at $1,293.80 per ounce after reaching a session high of $1,295. Bullion’s spot price rose by $4.21, or 0.3% to 1,293.59 by 1:32 PM ET (18:32 GMT), peaking at $1,295.03 for the day.
  • From her red-roofed home near Papua New Guinea’s capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp (NYSE:XOM) to liquefy billions of dollars’ worth of natural gas before it is shipped to Asian buyers. Dikana Iveiri can also see swaths of muddy shoreline, where mangroves have been felled for firewood by locals who don’t have electricity, gas, or money to buy either.
  • Oil prices dipped on Thursday as U.S. crude production quickly approached an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $52 per barrel at 0140 GMT, down 31 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures (LCOc1) were down 34 cents, or 0.6 percent, at $60.98 per barrel.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of the Fed’s recent round of interest rate hikes, on Wednesday said the U.S. central bank is as well positioned now as before the 2007-2009 financial crisis to fight a downturn. Kashkari made the comments in a public debate held by Intelligence Squared U.S. in New York City, in which he and Harvard University professor Jason Furman defended the notion that the financial system is safer than it was 10 years ago.
  • With the partial U.S. government shutdown now in its 26th day, House Speaker Nancy Pelosi on Wednesday urged President Donald Trump to reschedule his State of the Union address – a move that could deny him the opportunity to use the pageantry of the speech to attack Democrats in their own chamber over the impasse. With Trump’s address set for Jan. 29, Pelosi wrote him a letter citing security concerns because the Secret Service, which is required to provide security for the address, has not received funding during the dispute.
  • The uncertainty over whether the United Kingdom will leave the European Union is not a direct problem for Canada but will hit the global economy, Canadian Finance Minister Bill Morneau said on Wednesday. Morneau, speaking to reporters on the sidelines of a Cabinet retreat, sidestepped questions about whether Canada would seek to negotiate a free trade treaty with Britain if it left the 28-nation EU.

GOLD TRADING FORECAST TODAY

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16Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                          Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 3.26 points or 0.19% on Tuesday. The Finance Index increased 0.36% to 17458.02 points, the Properties Index up 1.33% to 915.6 points and the Plantation Index rose 0.44% to 7136.76 points. The market traded within a range of 6.87 points between an intra-day high of 1679.42 and a low of 1672.55 during the session.
  • Actively traded stocks include TATGIAP, SAPNRG, PERISAI, SEACERA, FGV, DAYA, VS, HSI-H6A, PWORTH and HUAAN. Trading volume increased to 2399.30 mil shares worth RM1868.58 mil as compared to Monday’s 2184.12 mil shares worth RM1417.01 mil.
  • Leading Movers were DIALOG (+6 sen to RM2.88), MISC (+10 sen to RM6.62), MAXIS (+8 sen to RM5.72), PBBANK (+28 sen to RM24.98) and NESTLE (+160 sen to RM146.90). Lagging Movers were PETDAG (-60 sen to RM24.80), AXIATA (-5 sen to RM3.95), PETGAS (-22 sen to RM17.78), PMETAL (-5 sen to RM4.47) and PETCHEM (-8 sen to RM8.27). Market breadth was positive with 413 gainers as compared to 374 losers.
  • The KLCI closed higher at 1679.42 points despite overnight losses in US market. Market sentiment was muted as lack of fresh lead.

Today’s KLSE Stock Signal

 

 

Today’s KLSE Stock Signal

 

 

Today’s KLSE Stock Signal

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15Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold’s flirt with $1,300 may have been a little too brief, but the yellow metal should be reunited with its desired price target soon as the rally in equities stalls and global macro and political risks rise to the fore, analysts say. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange settled up $2.10, or 0.2%, at $1,289.50 a troy ounce.
  • The United States is not looking to grant more waivers for Iranian oil imports after the reimposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday, underlining Washington’s push to choke off Tehran’s income. “We are not looking to grant any waivers or exemptions to the import of Iranian crude,” Brian Hook told a industry conference in the United Arab Emirates capital Abu Dhabi.
  • Sales of British malting barley to European Union brewers and malt producers for delivery after Brexit have come to a virtual stop because of uncertainty about future trading relations. The standstill in so-called forward export sales for delivery in coming months means UK farmers are not able to take advantage of current attractive prices and are losing business to other EU suppliers, traders said.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Uncertainty over Brexit and the economy have led demand for Britain’s financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC showed. And profitability in the sector which raises most tax in Britain was flat for the third quarter in a row in the three months to December 2018, the survey released on Monday said.
  • A Republican senator close to President Donald Trump on Sunday backed a temporary re-opening of the federal government, in the 23rd day of the longest shutdown ever, to allow for talks on a spending agreement that could satisfy Trump’s border security demands. Democrats in Congress rejected Trump’s request that legislation to fund the government include $5.7 billion of taxpayer money for a wall on the U.S. border with Mexico. They have refused further negotiations until the government is reopened after being partially shut down since Dec. 22.
  • Italy’s Treasury Minister said on Sunday he did not see a recession on the horizon but acknowledged there could be a period of stagnation. The Italian economy has been slowing for the last year and gross domestic product declined by 0.1 percent in the third quarter, the weakest result since 2014. On Friday industrial output for November came in much weaker than expected, increasing the risk of recession for the euro zone’s third largest economy.

COMEX GOLD SIGNAL

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14Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                         Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

 

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 4.34 points or 0.26% on Friday. The Finance Index increased 0.15% to 17415.63 points, the Properties Index up 1.80% to 910.35 points and the Plantation Index rose 1.09% to 7117.64 points. The market traded within a range of 8.24 points between an intra-day high of 1684.99 and a low of 1676.75 during the session.
  • Actively traded stocks include TATGIAP-PA, SAPNRG, ARMADA, VS, FGV, ORION, YONGTAI, MYEG, A50CHIN-C24 and A50CHIN-C32. Trading volume decreased to 2890.98 mil shares worth RM2171.09 mil as compared to Thursday’s 3448.54 mil shares worth RM2660.05 mil.
  • Leading Movers were DIALOG (+8 sen to RM2.88), TOPGLOV (+10 sen to RM4.80), RHBBANK (+11 sen to RM5.45), HARTA (+7 sen to RM5.06) and MAXIS (+6 sen to RM5.70). Lagging Movers were MAHB (-21 sen to RM7.99), IHH (-2 sen to RM5.73), PBBANK (-4 sen to RM24.76), TENAGA (-0 sen to RM13.86) and SIME (-0 sen to RM2.36). Market breadth was positive with 569 gainers as compared to 294 losers.
  • The KLCI closed slightly higher at 1683.22 points amid overnight gains in US market. The performance of our local bourse lifted up by buying interest in heavy weight counters led by Dialog Group.

Today’s KLSE Stock Signal

 

Today’s KLSE Stock Signal

 

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11Jan

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • The spot price of palladium retained its record-making streak on Wednesday after investors linked the precious metal used for purifying auto emissions with an announcement by China that could boost car ownership in the world’s second-largest economy. Gold, meanwhile, continued to tread water just below $1,300 a troy ounce as precious metals bulls remained wary of chasing the yellow metal higher without a clear path lower for the dollar, which has remained resilient despite a dovish-sounding Fed of late.
  • Oil has turned into a bull market, from a bear market just two week ago, as priced jumped more than 5%. U.S. crude’s benchmark West Texas Intermediate grade jumped to more than $52 per barrel on Wednesday, gaining exactly $10 per barrel, or almost 24% above the 18-month lows of $42.36 hit on Christmas Eve. U.K. Brent hit 2019 highs above $62. New York-traded WTI settled up $2.58, or 5.2%, at $52.36 per barrel after a 2019 high at $52.58.
  • Gasoline shortages in Mexico sparked by a crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the shortfalls persist as lines at gas stations in the capital grew on Wednesday. The drive to eradicate a crime that has deprived state coffers of billions of dollars is President Andres Manuel Lopez Obrador’s first major move against chronic corruption since taking office on Dec. 1, but risks angering consumers and hurting the economy.

GOLD TRADING FORECAST TODAY

 

ECONOMY NEWS

  • Federal Reserve policymakers have indicated they may be open to tweaking a longstanding plan to shrink the central bank’s balance sheet, including by shedding housing-backed bonds earlier than anticipated or keeping a bigger-thanexpected portfolio of assets. Those were among a range of options discussed at the Fed’s December meeting, minutes released on Wednesday showed. The discussion will continue at future meetings, the minutes said.
  • Sterling is likely to gain more than 8 percent this year — assuming Britain and the European Union part ways amicably, according to a Reuters poll of foreign exchange strategists. The pound has largely been ignoring economic data, instead swinging wildly on any snippet of news about Britain’s departure from the EU in less than three months. While it has showed some strength to start the year, that is largely down to dollar weakness. Its performance against the euro (EURGBP=) has been more muted.
  • Bank of Japan Governor Haruhiko Kuroda said on Thursday the country’s economy was expected to continue expanding moderately. He also said Japan’s financial system remained stable. “Japan’s economy is expanding moderately” as rising household income underpins consumption, Kuroda said in a speech at a quarterly meeting of the central bank’s regional branch managers.

GOLD TRADING FORECAST TODAY

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10Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

10jan1

                          Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index lost 4.93 points or 0.29% on Wednesday. The Finance Index increased 0.14% to 17369.76 points, the Properties Index up 0.63% to 880.18 points and the Plantation Index rose 0.32% to 6966 points. The market traded within a range of 16.25 points between an intra-day high of 1684.08 and a low of 1667.83 during the session.
  • Actively traded stocks include TATGIAP-PA, MYEG, HUAAN, SAPNRG, ARMADA, HUBLINE, DSONIC, DESTINI, HSI-C5B and BJCORP. Trading volume increased to 3019.19 mil shares worth RM2516.05 mil as compared to Tuesday’s 2311.63 mil shares worth RM2032.06 mil.
  • Leading Movers were MAHB (+22 sen to RM8.16), SIMEPLT (+11 sen to RM5.03), GENM (+7 sen to RM3.26), GENTING (+10 sen to RM6.41) and AMMB (+6 sen to RM4.48). Lagging Movers were PETCHEM (-44 sen to RM8.55), TOPGLOV (-18 sen to RM4.80), MAXIS (-18 sen to RM5.46), HARTA (-15 sen to RM5.00) and MISC (-18 sen to RM6.23). Market breadth was positive with 678 gainers as compared to 258 losers.
  • The KLCI closed slightly lower at 1667.83 points despite overnight gains in US market. The performance of our local bourse bogged down by selling interest in heavy weight counters led by Petronas Chemical Group.

  Today’s KLSE Stock Signal

 

 

  Today’s KLSE Stock Signal

  Today’s KLSE Stock Signal

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9Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

 

INTERNATIONAL COMEX NEWS

  • Continuous optimism over the U.S.-Sino trade talks are keeping gold bugs away from reattempting $1,300, while palladium hit record highs above those levels for a fourth-straight session on fund buying. Gold, a hedge for financial and political troubles, fell a touch on Tuesday after U.S. Commerce Secretary Wilbur Ross said there was a “very good chance” for Washington to resolve its months-long trade war with Beijing.
  •  The United States and China will continue trade talks in Beijing for an unscheduled third day, U.S. officials said on Tuesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets. People familiar with the talks said the world’s two largest economies were further apart on Chinese structural reforms that the Trump administration is demanding in order to stop alleged theft and forced transfer of U.S. technology and on how to hold Beijing to its promises
  • Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. U.S. West Texas Intermediate (WTI) crude oil futures (CLc1) were at $50.29 per barrel as at 0131, up 51 cents, or 1 percent from their last settlement. It was the first time this year that WTI has topped $50 a barrel.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • President Donald Trump will make his case to Americans on Tuesday that a wall is urgently needed to resolve what he calls a crisis at the U.S.-Mexico border, trying to win support in a dispute that has sparked an 18-day partial government shutdown. Trump’s prime-time address, scheduled for 9 p.m. (0200 GMT Wednesday) will be his latest attempt to persuade Congress to fund construction of a huge barrier along the 2,000-mile (3,200-km) border.
  • Trade talks between China and the United States will continue on Wednesday, a U.S. government official told reporters. U.S. and Chinese officials are conducting talks in Beijing, their first since U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce in a trade war that has roiled global financial markets.
  •  Italy has set up a 1.3 billion euro ($1.5 billion) fund to cover potential costs of emergency measures approved on Monday to shore up ailing bank Carige (MI:CRGI). A decree that came into force on Tuesday authorized the Treasury to provide guarantees on up to 3 billion euros in new bonds to be issued by Banca Carige by the end of June. The cost of the guarantees can be of up to 300 million euros. Italy also set aside 1 billion euros to underwrite Carige shares by the end of September under the same ‘precautionary recapitalization’ scheme that it used two years ago to rescue the country’s third-largest lender, Monte dei Paschi di Siena (MI:BMPS).

COMEX GOLD SIGNAL

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8Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

 Today’s KLSE Stock Signal

                            Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 9.39 points or 0.56% on Monday. The Finance Index increased 0.68% to 17359.56 points, the Properties Index up 0.84% to 878.93 points and the Plantation Index rose 0.98% to 6948.59 points. The market traded within a range of 14.10 points between an intra-day high of 1687.13 and a low of 1673.03 during the session.
  • Actively traded stocks include DPIH, TATGIAP-PA, AAX, ARMADA, VS, HSI-H40, HUBLINE, MYEG, HIBISCS and SAPNRG. Trading volume increased to 2502.63 mil shares worth RM1919.03 mil as compared to Friday’s 2201.54 mil shares worth RM1285.71 mil.
  • Leading Movers were AMMB (+24 sen to RM4.58), SIMEPLT (+20 sen to RM5.00), TENAGA (+48 sen to RM13.94), SIME (+7 sen to RM2.36) and MAXIS (+13 sen to RM5.66). Lagging Movers were HARTA (-38 sen to RM5.75), TOPGLOV (-24 sen to RM5.30), PETCHEM (-33 sen to RM8.93), DIALOG (-7 sen to RM2.84) and PETGAS (-42 sen to RM18.00). Market breadth was positive with 604 gainers as compared to 294 losers.
  • The KLCI start the week with a positive note, closed higher at 1679.17 points amid last Friday gains in US market. The performance of our local bourse lifted by high buying interest in heavy weight counters led by AMMB holdings.

Today’s KLSE Stock Signal

    Today’s KLSE Stock Signal

    Today’s KLSE Stock Signal

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