30Aug
klse

Financial Klse Malaysia Stock Market Trading Picks And News –30 August 2016

Malaysia Stock Market:

  • The FBM KLCI index lost 1.49 points or 0.09% on Monday. The Finance Index increased 0.09% to14458.66 points, the Properties Index up 0.42% to 1197.99 points and the Plantation Index down 0.26% to 7786.66 points. The market traded within a range of 7.48 points between an intra-day high of 1685.18 and a low of 1677.70 during the session.
  • Actively traded stocks include AAX, BORNOIL, VIVOCOM, DNEX, THHEAVY, IRIS, ARMADA, DNEX-WD, PERISAI and VIVOCOM-WB. Trading volume decreased to 1486.82 mil shares worth RM1432.32 mil as compared to Friday’s 1492.04 mil shares worth RM1395.74 mil.
  • Leading Movers were CIMB (+10 sen to RM4.80), GENM (+5 sen to RM4.45), TM (+5 sen to RM6.88), HLFG (+10 sen to RM16.10) and RHBBANK (+3 sen to RM4.93).
  • Lagging Movers were ASTRO (-4 sen to RM2.88), MAYBANK (-10 sen to RM7.90), BAT (-62 sen to RM49.76), TENAGA (-12 sen to RM14.78) and MAXIS (-5 sen to RM6.33). Market breadth was negative with 314 gainers as compared to 513 losers.
  • The KLCI started the week with a negative note, closed lower at 1681.60 points amid weaker performance in Wall Street on last Friday after Federal Reserve officials fueled bets that the U.S. central bank may lift interest rates as soon as next month.

STOCK RECOMMENDATION :

  • BUY CHINWEL ABOVE 1.730 TGT 1.800 1.850 SL 1.645.

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

 

 

30Aug
index

IForex Market Trading Signals and News – 30 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie falls to 4-month lows, kiwi holds steady vs. greenback.
  • Forex – Dollar gains furtehr in Asia on Yellen views, yuan drop noted.
  • Forex – Dollar gains in early Asia as Yellen remarks add support.

EUR/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

GBP/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3135 TGT 1.3155 1.3185 SL 1.3105.
  • SELL GBPUSD BELOW 1.3053 TGT 1.3033 1.3003 SL 1.3083.

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

30Aug
usagoldcoins

Comex Trading Signals and Market News –30 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger U.S. dollar weighed on commodities.Iraq, which has exported more crude from its southern ports in August, will continue ramping up output, its oil minister said on Saturday. Top exporter Saudi Arabia has kept output at around record levels this month.
  •  Gold prices were under pressure during European hours on Monday, slumping to a five-week low amid indications the  Federal Reserve is gearing up to hike interest rates as early as next month.Gold for December delivery on the Come  division of the New York Mercantile Exchange touched an intraday low of $1,317.20 a troy ounce, a level not seen since July 26. It was last at $1,320.95 by 3:02AM ET (07:02GMT), down $4.95, or 0.37%
  • Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exit positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for the bullion as an alternative asset.Stronger greenback makes gold more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS

  • South Korea’s extra budget may not be passed by parliament on Tuesday as ruling and opposition lawmakers are at odds over spending details, a senior finance ministry official told Reuters.Ruling and opposition lawmakers had agreed last week to pass the supplementary budget on Aug. 30, but the main opposition Minjoo Party has been arguing for more spending for young children’s education in the plan, which the ruling party is against.
  • In the last financial year before Britain voted to leave the European Union, the country gained more foreign investment projects than ever before, the government said on Tuesday.Some 2,213 investments were made in the year ending in March, up 11 percent from the previous year, the government said. That resulted in the creation or “safeguarding” of 116,000 jobs, it said.
  •  The European Union’s executive said on Monday it had a unanimous mandate from the bloc’s 28 members to finalize negotiations on a free trade deal with the United States, a day after Germany’s economy minister said the talks had “defacto failed”.Sigmar Gabriel of Germany, the EU’s biggest economy, said on Sunday that negotiations over the Transatlantic Trade and Investment Partnership (TTIP) had failed because Europe rejected some U.S. demands.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1321 TARGET 1326 1332 SL BELOW 1316.
  • SELL GOLD BELOW 1316.2 TARGET 1311.2 1305.2 SL ABOVE 1321.2.

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

29Aug
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 29 August 2016

Malaysia Stock Market:

  • The FBM KLCI index gained 2.79 points or 0.17% on Friday. The Finance Index increased 0.21% to 14446.27 points, the Properties Index up 0.16% to 1193.02 points and the Plantation Index rose 0.14% to 7806.67 points. The market traded within a range of 9.51 points between an intra-day high of 1683.38 and a low of 1673.87 during the session.
  • Actively traded stocks include AAX, DNEX, SGB-PA, VIVOCOM, AAX-CX, CENSOF, AIRASIA, VIVOCOM-WB, REACH-WA and DNEX-WD. Trading volume decreased to 1492.04 mil shares worth RM1395.74 mil as compared to Thursday’s 1741.01 mil shares worth RM1890.32 mil.
  • Leading Movers were SKPETRO (+4 sen to RM1.64), GENM (+10 sen to RM4.40), MAYBANK (+10 sen to RM8.00), TENAGA (+16 sen to RM14.90) and BAT (+54 sen to RM50.38). Lagging Movers were GENTING (-18 sen to RM8.03), IHH (-13 sen to RM6.52), RHBBANK (-8 sen to RM4.90), PPB (-12 sen to RM16.02) and PETDAG (-0 sen to RM23.22). Market breadth was positive with 441 gainers as compared to 360 losers.
  • The KLCI notched up and closed higher at 1683.09 points despite overnight losses in Wall Street. The performance of our local bourse was lifted by buying interest in heavy weights counters like Sapurekencana, Genting Malaysian and Maybank.

STOCK RECOMMENDATION :

  • BUY APPASIA ABOVE 0.155 TGT 0.165 0.175 SL 0.145

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

 

 

29Aug
Chinese gold ingot ornaments in isolated white background

Comex Trading Signals and Market News – 29 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil prices rose on Friday following reports that missiles from Yemen had struck oil facilities in Saudi Arabia and as the dollar weakened following remarks by Federal Reserve Chair Janet Yellen.Crude oil for October delivery on the New York Mercantile Exchange rose 50 cents, or 1.06%, to trade at $47.83 a barrel by 1113 ET.
  • Gold prices ticked higher on Friday as the dollar dipped following a slight downward revision to U.S. second quarter economic growth, but investors remained wary ahead of a key speech by Federal Reserve Chair Janet Yellen later in the day.U.S. gold futures for December delivery were up 0.79% at $1,335.3 an ounce by 0858 ET from around $1,331.45 earlier.
  • Copper futures were trading higher during the evening trade in the domestic market on Friday as participants widened their bets in the industrial metal amid a pickup in physical demand for copper from the domestic spot market.Further  upbeat US economic data bolstered the demand outlook for the metal as jobless claims fell to a five-week low down by 1000 to 261000 last week and orders for business equipment in July climbed the most since January up 1.6 per cent from June.

ECONOMY NEWS

  • German Economy Minister Sigmar Gabriel said on Sunday that if Britain’s exit from the European Union was badly handled and other member countries followed its lead, Europe would go “down the drain”.”Brexit is bad but it won’t hurt us as much economically as some fear – it’s more of a psychological problem and it’s a huge problem politically,”Gabriel, the deputy to Chancellor Angela Merkel in Germany’s governing coalition, told a news conference.
  • Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of  government: please help.Mired in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold measures. These would range from immigration reform in Japan to structural changes to boost productivity and growth in the U.S. and Europe.
  •  The Obama administration on Thursday issued rules aimed at helping states that set up retirement savings programs  for workers by clarifying that the plans are not preempted by federal law.Under the new rules finalized by the Labor  Department, state retirement programs are not preempted by the Employee Retirement Income Security Act (ERISA) as long as they meet certain criteria, the White House said in a statement.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1321 TARGET 1326 1332 SL BELOW 1316
  • SELL GOLD BELOW 1317 TARGET 1312 1306 SL ABOVE 1322

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

 

 

 

29Aug
forex33333

IForex Market Trading Signals and News – 29 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Dollar pops higher before retreating on Yellen comments
  • Forex – Dollar dips on downward U.S. GDP revision, Yellen speech eyed
  • Forex – Dollar little changed amid caution before Yellen speech

EUR/USD

EUR/USD is currently trading with a bullish bias. Yesterday, the pair retraced to the upper side and ended up breaking above 1.1276, although we anticipate further movements to the upper side, we cannot rule out the possibility of a breakout below 1.1267. If the latter is the case, then we expect a rally to the lowerside but should not go beyond 1.1222. This pair should be traded alongside GBP/USD, AUD/USD, NZD/USD and EUR/HKD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD

GBP/USD is currently trading with a declining upward momentum. As previously forecasted, the pair traded perfectly short but is currently retracing to the upper side. We expect a possible rebound from the level 1.3205 to continue short with an ideal target at 1.3134. Ideally, during this intraday, we expect this pair to trade on the lower ranges but should not close below 1.3134. This pair should be traded alongside GBP/JPY, GBP/CAD, GBP/NZD and GBP/HKD. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3265 TGT 1.3285 1.3315SL 1.3235
  • SELL GBP/USD BELOW 1.3130 TGT 1.3110 1.3080 SL 1.3160

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

 

 

26Aug
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 26 August 2016

Malaysia Stock Market:

  • The FBM KLCI index lost 1.76 points or 0.10% on Thursday. The Finance Index fell 0.31% to 14415.45 points, the Properties Index up 0.00% to 1191.09 points and the Plantation Index down 0.57% to 7795.75 points. The market traded within a range of 9.16 points between an intra-day high of 1687.43 and a low of 1678.27 during the session.
  • Actively traded stocks include REACH-WA, AAX, M3TECH-WA, FGV, VIVOCOM, AIRASIA, HIBISCS,IRIS, FGV-C15 and THHEAVY. Trading volume decreased to 1741.01 mil shares worth RM1890.32 mil as compared to Wednesday’s 1935.00 mil shares worth RM1774.77 mil.
  • Leading Movers were SIME (+9 sen to RM7.90), AMMB (+5 sen to RM4.42), KLCC (+7 sen to RM7.67), SKPETRO (+1 sen to RM1.60) and YTL (+1 sen to RM1.70). Lagging Movers were AXIATA (-18 sen to RM5.49), MAYBANK (-9 sen to RM7.90), HLFG (-16 sen to RM15.94), ASTRO (-2 sen to RM2.90) and BAT (-22 sen to RM49.84). Market breadth was negative with 297 gainers as compared to 523 losers.
  • The KLCI closed flat with 1.76 points lower at 1680.30 points amid overnight losses in Wall Street. The performance of our local bourse was bogged down by selling interest in heavy weights counters like Axiata after posted weaker earnings.

STOCK RECOMMENDATION :

  • BUY DANCO ABOVE 1.190 TGT 1.240 1.275 SL 1.130.

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

 

 

26Aug
forex

IForex Market Trading Signals and News – 26 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – EUR/USD moderately higher despite weak Ifo data.
  • Forex – Aussie, kiwi move higher ahead of Yellen speech.
  • Forex – Yen trends weaker after corporate services, PBOC jawbones banks.

EUR/USD

The euro was moderately higher against the U.S. dollar on Thursday, despite the release of downbeat data from Germany, as sentiment on the greenback remained fragile ahead of a speech by Federal Reserve Chair Janet Yellen due on Friday.EUR/USD hit 1.1280 during European morning trade, the session high; the pair subsequently consolidated at 1.1272, up 0.08%.The pair was likely to find support at 1.1239, the low of August 17 and resistance at 1.1316, Wednesday’s high.Data earlier showed that the German Ifo Business Climate Index fell to 106.2 this month from a reading of 108.3 in July, missing forecasts for a rise to 108.5.

GBP/USD

GBP/USD is currently trading with a bearish bias. Yesterday, the pair traded short as previously forecasted but is yet to reach our target support level 1.3134. During this intraday, we expect a possible bearish price movements towards our previously set target o even lower. The current upward rally is a mere retracement and should not go beyond 1.3230, a clear breakout above this level may invalidate the anticipated downward rally. This pair should be traded alongside GBPCAD, GBP/NZD and GBP/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3245 TGT 1.3265 1.3295 SL 1.3215.
  • SELL GBPUSD BELOW 1.3160 TGT 1.3140 1.3110 SL 1.3190.

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

 

 

 

26Aug
gold

Comex Trading Signals and Market News – 26 August 2016

INTERNATIONAL COMMODITY NEWS

  • Gold prices drifted lower in early Asia on Thursday in cautious trade as investors await views from the U.S. Fed chief at the end of the week to set the tone on chances of a rate hike this year.Gold for December delivery on the Comex division of the New York Mercantile Exchange eased 0.06% to $1,328.95 a troy ounce, while silver futures fell 0.13% to $18.532 a troy ounce. Copper futures for September delivery on the Comex eased 0.05% to $2.079 a pound.
  • Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.Global crude oil benchmark Brent (LCOc1) was down 15 cents at $48.90 a barrel by 1043 GMT, having closed down 1.8 per cent on Wednesday. U.S. light crude oil (CLc1) was down 5 cents at $46.72 a barrel, after dropping 2.8 percent on  Wednesday.
  •  Copper futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions amid a rise in demand for industrial metal from major consuming industries.Also  the China leading index rose 0.7 per cent in July from June when it advanced 0.5 per cent.

ECONOMY NEWS

  • An unusually large group of Federal Reserve policymakers appeared before activists on Thursday and defended their plans to raise interest rates to keep the U.S. economy from eventually overheating.Several policymakers said raising interest rates gradually would allow them to stimulate the economy for longer, but that an overheating economy couldend in a recession.
  • A senior executive of South Korea’s Lotte Group has died, an official at the country’s fifth-largest family-run conglomerate told Reuters on Friday, amid a sweeping criminal probe into the business.The official, who declined to be named as he was not authorized to speak publicly on the matter, said a police investigation into the death of Lee In-won, a Lotte Group Vice Chairman, was underway. He did not elaborate.
  •  Investors trimmed risk assets before a gathering of central bankers on Friday, pulling $6.4 billion from U.S.-based stock  funds in a course-reversal during the week ended Aug. 24, data from Lipper showed on Thursday.The outflows, which  came a week after cash poured into stock funds for the first time in five weeks, are the last data showing U.S. fund investors’ behavior before Federal Reserve Chair Janet Yellen speaks at an annual central bankers’ conference in Jackson Hole, Wyoming.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1324 TARGET 1329 1335 SL BELOW 1319.
  • SELL GOLD BELOW 1321 TARGET 1316 1310 SL ABOVE 1326.

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

 

 

25Aug
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 25 August 2016

Malaysia Stock Market:

  • The FBM KLCI index lost 1.01 points or 0.06% on Wednesday. The Finance Index fell 0.25% to 14460.71 points, the Properties Index up 0.18% to 1191.08 points and the Plantation Index down 0.07% to 7840.76 points. The market traded within a range of 5.46 points between an intra-day high of 1684.39 and a low of 1678.93 during the session.
  • Actively traded stocks include AAX, XDL, M3TECH, VIVOCOM, AIRASIA, BORNOIL, AAX-WA, AAX-CU, AAX-CW and IRIS. Trading volume increased to 1935.00 mil shares worth RM1774.77 mil ascompared to Tuesday’s 1835.90 mil shares worth RM1735.52 mil.
  • Leading Movers were GENTING (+14 sen to RM8.20), SKPETRO (+1 sen to RM1.59), MAXIS (+3sen to RM6.33), ASTRO (+1 sen to RM2.92) and PETCHEM (+2 sen to RM6.68). Lagging Movers were AMMB (-1 sen to RM4.37), IHH (-6 sen to RM6.62), TENAGA (-8 sen to RM14.74), BAT (-14sen to RM50.06) and IOICORP (-1 sen to RM4.42). Market breadth was negative with 253 gainers as compared to 519 losers.
  • The KLCI closed flat with 1.01 points lower at 1682.06 points despite overnight gains in Wall Street. The performance of our local bourse was limited as profit taking kicked in.

STOCK RECOMMENDATION :

  • NWP ABOVE 0.350 TGT 0.365 0.380 SL 0.335.

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

 

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