Malaysian Ringgit goes higher against US$ on Tuesday

The ringgit opened higher against the US dollar today as the greenback facilitated against the significant monetary forms on the back of good faith on the euro taking after the first round aftereffect of French race.

At 9.13 am(0113gmt) Tuesday, the ringgit stood at 4.3890/3920 against the greenback from 4.3980/3000 enlisted at 6pm on Friday. (Monday was an occasion in Malaysia) A merchant said speculators” estimation towards the ringgit additionally enhanced as the intrigue moved far from the greenback


ringgit / us$

The ringgit stood at 4.3890/3920


The ringgit reinforced against the British pound to 5.6083/6139 from 5.6259/6298 on Friday. It, be that as it may, slipped against the euro to 4.7651/7702 from 4.7076/7111 already.


Malaysia Stock Market 21 April 2017

The Malaysia Stock Market news for 21 April 2107

The FBM KLCI list increased 2.66 focuses or 0.15% on Thursday. The Finance Index expanded 0.61%to 15777.28 focuses, the Properties Index up 0.12% to 1298.61 focuses and the Plantation Index rose 0.15% to 8003.55 focuses. The market exchanged inside a scope of 7.16 focuses between an intraday high of 1743.56 and a low of 1736.40 amid the session.



Effectively exchanged stocks incorporate KGROUP, REACH-WA, ANZO, DNEX-WD, MUIIND, PWORTH, L&GOR,BORNOIL, IRIS and SEACERA-WA. Exchanging volume diminished to 2644.16 mil offers worth RM2240.56 mil when contrasted with Wednesday’s 2854.51 mil offers worth RM2186.88 mil.Driving Movers were RHB BANK (+16 sen to RM5.28), AMMB (+10 sen to RM5.03), ASTRO (+5 sen to RM2.73), WPRTS (+5 sen to RM4.04) and IJM (+3 sen to RM3.49). Slacking Movers were PETGAS (- 36 sen to RM18.34), GENM (- 6 sen to RM5.59), PETCHEM (- 6 sen to RM7.52), MAXIS (- 5 sen to RM6.39) and YTL (- 1 sen to RM1.47). Advertise broadness was certain with 498 gainers as contrasted with 368 washouts.

The KLCI recaptured its ground and shut higher at 1741.61 focuses in spite of blended execution in Money Street. The execution of our benchmark list was lifted by purchasing enthusiasm for overwhelming weight counters, for example, Ambank, Westports and Astro.


US dollar bounced back oil fell 6 weeks to the biggest decline

The US dollar bounced back firmly on Wednesday as gold hit its greatest drop in a month and a half, and oil costs likewise recorded the greatest drop since March 8, as fuel inventories increased.The dollar ascended against significant monetary standards and composed the greatest picks up in the month. The DXY dollar file rose 0.31 percent to 99.81, as per the Economic Daily.USDJPY rose 0.41% against the yen, up 0.19% against the euro.



This is principally because of the market for the United States to raise loan costs is relied upon to cool, and financial specialists stressed that US President Trump to respect the capacity to fortify monetary measures.

Investigators brought up that the dollar fell as of late in light of the fact that the information is not of course, and the market stressed over the Trump government to advance assessment change and money related change limit. US Treasury Secretary Timothy Nicholas has said that Trump has not attempted to smother the dollar swapping scale.

Wednesday, the New York Mercantile Exchange in June gold prospects fell 0.8%, the settlement cost of $ 1283.40 an ounce (around 5649 ringgit), the most noteworthy since March 2, the greatest decay.

Likewise, as indicated by the US Energy Information Administration (EIA) report, US gas inventories expanded 1.5 million barrels to 2.377 million barrels, US unrefined petroleum creation expanded by 1.7 million barrels to 9.3 million barrels, is the largest amount since August 2015.

New York Mercantile Exchange US benchmark West German Intermediate Crude (WTI) May conveyance value fell $ 1.97 (around 8.67 ringgit) or 3.8 percent to $ 50.44 a barrel ($ 222). The biggest decrease since March 8.

North Sea Brent rough cut costs fell $ 1.96 ($ 8.6) or 3.6% to $ 52.93 a barrel (about $ 233) a barrel in June, and furthermore shut the most reduced since March 31.

Notwithstanding, toward the beginning of today the decrease has been steadily recouped, oil costs additionally bounced back marginally.

Ringgit bring down against US$ early Thursday

Ringgit bring down against US$ early Thursday- Epic Research

The ringgit was lower against the US dollar early Thursday on powerless request taking after the arrival of the nation’s’ Consumer Price Index (CPI), the most noteworthy in eight years.

At 9.05 am(0105gmt), the ringgit remained at 4.4015/4045 against the greenback from 4.3985/3015 enrolled at 6pm Wednesday.

The Department of Statistics yesterday reported that the CPI, a measure of expansion, rose by 5.1 for each penny in March 2017 to 119.6, inferable from the low base a year ago and higher fuel retail costs contrasted with March 2016.

In any case, a merchant stated, the ringgit could even now pick up against the greenback later today taking after the arrival of feeble US lodging information.

“This ominously information recommended a weaker financial development for the United States in the primary quarter and will lessen prospects of a Federal Reserve loan cost increment in June,” he said.

In the interim, the ringgit was exchanged for the most part lower against real monetary forms, with the exception of against the British pound, whereby it rose to 5.6251/6303 from 5.6424/6489, Wednesday.

The nearby note fell against the Singapore dollar to 3.1469/1497 from 3.1465/1505 on Wednesday.

It was lower against the yen at 4.0407/0438 from 4.0372/0403 yesterday and debilitated against the euro to 4.7162/7199 from 4.7152/7197 already.



TOP 5 Traded

TOP 5 Traded


forming bolinger band squeeze?

Will it retest support level ?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ RM1.54 level
Subsequent resistance @ RM1.57 level.

Immediate support @ RM1.47 level.
Subsequent support @ RM1.41 level.

If able breakout RM1.54, higher is confirm. Uptrend will resume.


Political uncertainty in Syria caused high steady Oil Prices

Oil price were firm on Monday, supported by solid request and political vulnerability in Syria, albeit another ascent in US penetrating action kept a top on additions.

Brent rough prospects, the global benchmark for oil, were at US$55.39 per barrel at 0109 GMT, up 15 pennies, or 0.3 for each penny, from their last close.

US West Texas Intermediate (WTI) unrefined prospects were up 24 pennies, or 0.5 for every penny, at US$52.48 a barrel.

Dealers said costs were being bolstered by solid request, and furthermore political vulnerability taking after the US rocket air strikes on Syria toward the end of last week.oil rig Aug2016.png

ANZ bank said on Monday that solid oil request and “an unsettled worldwide background (is) leaving the market finely adjusted.”

Notwithstanding, another expansion in US oil boring, which has keep running up for 12 straight weeks to 672 apparatuses – the most abnormal amount since August 2015, shielded markets from breaking a week ago’s one-month highs of over US$56 per barrel.

US bank Goldman Sachs said taking after the apparatus information discharge that year-on-year US oil creation “would ascend by 215,000 barrels for every day in 2017″ once an excess of generation holding up to be brought back online was considered.


Gold expands on increases to achieve 1-week high

Gold costs solidified in European trading on Tuesday, developing additions into a third session as financial specialists turned their consideration regarding U.S. exchange information in front of President Donald Trump’s meeting with Chinese President Xi Jinping.

Comex gold prospects rose $5.80, or around 0.5%, to $1,259.80 a troy ounce by 2:55AM ET (06:55GMT), in the wake of hitting an overnight high of $1,260.15, its most grounded level in seven days. In the mean time, spot gold was up $4.20 at $1,257.80.

Costs of the yellow metal finished picked up $2.80 on Monday as financial specialists parsed through blended assembling information and weaker-than-anticipated car deals numbers.

Additionally on the Comex, silver future for May conveyance attached on 15.0 pennies, or around 0.8%, to $18.36 a troy ounce. It achieved its most elevated since March 2 at $18.37 prior.

The U.S. exchange shortfall information is planned for discharge Tuesday at 8:30 AM ET. Financial experts anticipate that it will have limited in February to $44.8 billion from a five-year high of $48.5 billion a month prior.


Primary concentration for business sectors this week fixates on President Donald Trump’s initially meeting with Chinese partner Xi Jinping on Thursday and Friday.

The U.S. dollar list was at 100.44 in London morning exchange, keeping separation from a week ago’s four-and-a-half month low of 98.67.

Showcase specialists don’t anticipate that the Federal Reserve will raise financing costs again until June. Fates merchants are valuing in around a half shot of a climb at the Fed’s June meeting, as indicated by Investing.com’s Fed Rate Monitor Tool. Chances of a September increment was seen at around 75%.

The valuable metal is touchy to moves in U.S. rates, which lift the open door cost of holding non-yielding resources, for example, bullion. A steady way to higher rates is viewed as to a lesser degree a risk to gold costs than a quick arrangement of increments.

Somewhere else in metals exchanging, platinum attached on 0.1% to $959.40, while palladium added 0.2% to $804.20 an ounce.

May copper futures ticked down 0.3 pennies to $2.600 a pound.


Forex Markets Analysis- Epic Research


Resistance levels (open interest**, contracts)

$1.0839 (555)

$1.0808 (1080)

$1.0765 (462)

Price at time of writing this review: $1.0658

Support levels (open interest**, contracts):

$1.0618 (502)

$1.0577 (755)

$1.0526 (1682)



– General open enthusiasm on the CALL alternatives with the lapse date June, 9 is 46787 contracts, with the most extreme number of agreements with strike cost $1,1450 (3939);

– General open enthusiasm on the PUT alternatives with the lapse date June, 9 is 53192 contracts, with the most extreme number of agreements with strike cost $1,0400 (4518);

– The proportion of PUT/CALL was 1.14 versus 1.09 from the past exchanging day as indicated by information from April, 3



Resistance levels (open interest**, contracts)

$1.2710 (837)

$1.2614 (368)

$1.2519 (858)

Price at time of writing this review: $1.2437

Support levels (open interest**, contracts):

$1.2386 (579)

$1.2289 (325)

$1.2192 (541)



- Overall open enthusiasm on the CALL choices with the close date June, 9 is 14908 contracts, with the greatest number of agreements with strike cost $$1,3000 (1281);

- Overall open enthusiasm on the PUT choices with the close date June, 9 is 16959 contracts, with the most extreme number of agreements with strike cost $1,1500 (3056);

- The proportion of PUT/CALL was 1.14 versus 1.12 from the past exchanging day as indicated by information from April, 3




* – The Chicago Mercantile Exchange notice (CME) is utilized for the count.

** – Open intrigue considers the aggregate number of alternative gets that are open right now.


Oil Inventories and US Housing Data in Focus

Financial markets are expected to remain relatively subdued on Tuesday as tomorrow’s Bank of Japan and Federal Reserve meetings push traders to the sidelines in anticipation of some very volatile markets.

As is often the case ahead of a major central bank event, traders can get a little nervous and sit on the fence. The fact that we have two on the same day is only exacerbating the problem. While there is scope for intraday volatility I don’t expect to see many major swings ahead of the BoJ decision tomorrow.

Commodity markets have been a good source of volatility over the last week, particularly oil which has come off again after last weeks’ rally. It is coming under pressure again today although it is struggling to gather any real momentum, with $45.50-46 providing support in Brent Crude and $43 in WTI. The API inventory data could be the catalyst to take it below these levels when it’s released later in the session, although it is worth noting that the last two weeks have reported a build in inventories. The suggestion by Venezuelan oil minister Eulogio Del Pino that supply needs to drop by around 10% to match demand did appear to weigh on oil earlier in the session, although this wasn’t quite enough to see oil through this key support zone.

US housing data is also being released on Tuesday which may have provided a spark for the markets but for the Fed stealing the spotlight. The data has more than likely come too late to impact the outcome of the meeting, not to mention the fact that it isn’t something that policy makers have flagged as being particularly influential in their decision making. Still, it could spark some life into the dollar, which is currently trading marginally lower on the session.


Financial Klse Malaysia Stock Market Trading Picks And News –13 September 2016

Malaysia Stock Market:

  • The FBM KLCI index lost 4.94 points or 0.29% on Friday. The Finance Index fell 0.36% to 14511.25 points, the Properties Index dropped 0.30% to 1205.32 points and the Plantation Index rose 0.06% to 7888.52 points. The market traded within a range of 8.49 points between an intra-day high of 1691.12 and a low of 1682.63 during the session.
  • Actively traded stocks include DNEX-WD, XDL, DNEX, CONNECT-PA, DNONCE, THHEAVY, VIVOCOM, YKGI-WB, CENTURY and VIVOCOM-WB. Trading volume decreased to 1342.71 mil shares worth RM1364.03 mil as compared to Thursday’s 1693.32 mil shares worth RM1577.44 mil.
  • Leading Movers were SKPETRO (+1 sen to RM1.62), YTL (+1 sen to RM1.73), AXIATA (+3 sen to RM5.65), IOICORP (+2 sen to RM4.50) and HLFG (+6 sen to RM15.70). Lagging Movers were GENTING (-19 sen to RM7.94), RHBBANK (-7 sen to RM4.98), ASTRO (-3 sen to RM2.90), TENAGA (-12 sen to RM14.44) and BAT (-34 sen to RM50.58). Market breadth was negative with 324 gainers as compared to 401 losers.
  • The KLCI ended the week with a negative note, closed lower at 1686.44 points amid overnight losses in Wall Street. Investors were taking profit amid absence of fresh positive leads.


  • BUY MEXTER ABOVE 0.290 TGT 0.305 0.350 SL 0.275.

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