16Sep
comex1

Comex Commodity Trading Signals and Market News – 16 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped in Asia on profit taking and ahead of a key Federal Reserve announcement on monetary policy this week.On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,233.50 a troy ounce, down 0.13%, after hitting an overnight session low of $1,226.40 and off a high of $1,239.00. Overnight, gold prices rose after mixed U.S. data gave investors room to snap up nicely-priced positions in the commodity. In a report, the Federal Reserve Bank of New York said that its general business conditions index increased to a five-year high of 27.5 this month from 14.7 in August. Analysts had expected the index to rise to 16.0 in September A separate report showed that U.S. industrial production fell 0.1% last month, disappointing forecasts for a 0.3% gain. Industrial production for July was revised down to a gain of 0.2% from a previously reported increase of 0.4%.

Crude oil prices eased ahead of industry data on U.S. stocks and as a weak demand profile against ample supplies continued to weigh.On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $91.89 a barrel, down 0.11%, after hitting an overnight session low of $89.90 a barrel and a high of $91.83 a barrel. The global Brent oil contract on the ICE Futures Europe exchange fell 0.5% to $96.65 a barrel, the lowest settlement since June 28, 2012. Brent is down 17% from the 2014 high reached in mid-June. The October Brent contract expired with the close of trading Monday.

Oil prices rose in U .S. trading on Monday after mixed data weakened the U.S. dollar, though soft Chinese factory data capped oil’s gains. The November contract settled down 0.53% at $91.37 a barrel on Friday.

Natural gas prices rose on Monday after updated weather-forecasting models called for seasonably warm temperatures across the southern U.S., which should boost demand for air conditioning. natural gas futures for delivery in October were up 1.44% at $3.913 per million British thermal units during U.S. trading. The commodity hit a session low of $3.840, and a high of $3.952. The October contract settled up 0.89% on Friday to end at $3.857 per million British thermal units. light sweet crude oil futures for delivery in November were up 0.27% at $91.62 a barrel, while heating oil for October delivery were up 0.13% at $2.7441 per gallon.

Copper futures started the week lower on Monday, after data showed that China’s factory output grew at the weakest pace in nearly six years in August, adding to concerns over a slowdown in the world’s second largest economy.

RECOMMENDATION :

  • BUY GOLD ABOVE 1238 TGT 1242,1247 SL 1233
  • SELL GOLD BELOW 1232 TGT 1228,1223 SL 1237

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

16Sep
forex-trading-tips

IForex Market Trading Signals and News of 16 September 2014

TRADING TIPS :

  • Forex-Dollar holds near 14-month peak ahead of Fed meeting.
  • Forex-Euro lower as China slowdown fears weigh.
  • Forex-Dollar holds near 14-month peak ahead of Fed meeting.

USD/JPY
USD/JPY held steady, just below six-year highs at 107.25 as the diverging monetary policy stance between the Fed and the Japanese central bank continued to pressure the yen lower.The yen came under pressure last week after Bank of Japan Governor Haruhiko Kuroda said that the bank would be prepared to immediately loosen monetary policy or implement other measures if its 2% inflation target becomes difficult to meet.The euro fell against the dollar, to trade close to 14-month lows with EUR/USD down 0.32% to 1.2924.Market sentiment weakened after data on Saturday showed that Chinese industrial output slowed sharply last month.

GBP/USD
GBP/USD dipped 0.10% to 1.6249, but remained comfortably supported above the 10-month lows of 1.6050 struck last Wednesday. Cable was likely to find support at around 1.6185 and resistance at about 1.6280.The latest opinion polls on the Scottish independence referendum indicated that the outcome of the vote is too close to call.Concerns over the prospect of a yes vote sparked a selloff in the pound last week after polls indicated that support for the yes vote had edged into the lead for the first time since the start of the pro-independence campaign. Uncertainty over what currency an independent Scotland would use, as well as concerns over how much of the U.K. national debt it would take on have rattled financial markets.

RECOMMENDATION :

1. Buy USD/JPY Above 107.47-TG:107.67/107.97 SL 107.17
2. Sell USD/JPY Below 106.80-TG:106.60/106.30 SL 107.10

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

15Sep
klse 16 sep 14

Financial Klse Malaysia Stock Market Trading Picks And News – 16 September 2014

MARKET UPDATES :

  • The International Monetary Fund (IMF) has given the thumbs up to Malaysia’s ongoing fiscal reform by broadening the tax base with the implementation the Goods and Services Tax (GST) starting April 1, 2015. Fiscal Affairs Department Adviser, Kiyoshi Nakayama, said this shift of revenue source, from natural resource and corporate income to also include the GST, was a crucial policy direction to maintain Malaysia’s long-term fiscal sustainability. In his presentation at the International Seminar on GST 2014, he said, the growth-friendly tax was less distortive for economic growth compared with income tax. He also commended Malaysia’s preparation towards implementing GST, saying that the Finance Ministry and the Royal Malaysian Customs Department’s communication strategies of engaging the social media were innovative.
  • Bursa Malaysia ended lower Monday with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closing 6.4 points or 0.34 per cent easier at 1,849.24, dampened by losses in index-linked heavyweights. Selling spree, as predicted by analysts based on spiking geopolitical risk and China growth worries, extended after Chinese factory and retails sales data released today indicated its economy was slowing British American Tobacco led the benchmark index lower with its RM2.18 loss to RM71.18, Tenaga Nasional dipped eight sen to RM12.40 while KL Kepong declined 42 sen to RM21.50.
  • Malaysian rubber prices closed mixed today as investors took cue from the price movement on the Tokyo Commodity Exchange and Shanghai Futures Exchange, dealers said. The regional rubber markets tumbled following news on the sale of rubber from Thailand’s stockpile as well as worries over China’s economy. However, the weakening ringgit against the US dollar helped spur some demand from foreign buyers and this managed to limit losses, a dealer said The Malaysian Rubber Board’s official physical price for tyre- grade SMR 20 was unchanged at 479.5 sen a kg at noon while latex-in-bulk slipped 0.5 sen to 389 sen a kg.
  • Malaysia’s ringgit tumbled the most in a year, leading a slide in Asian currencies, as an improving US economy fuels expectations the Federal Reserve will start raising interest rates. The Federal Open Market Committee will start a two-day meeting tomorrow, after a September 12 report showed the nation’s August retail sales increased at the fastest pace in four months. Investors may be underestimating how quickly the monetary authority can increase borrowing costs, according to a September 8 note by the San Francisco Fed. The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, climbed to a 14-month high today after the yield on 10-year US Treasuries jumped last week by the most since August 2013.

STOCK RECOMMENDATION :

  • KLSE BUY KLCC PROPERTY ABOVE 6.500 TG 6.570, 6.640, 6.740 SL 6.400

Fore more information about KLSE stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

15Sep
comex1

Comex Commodity Trading Signals and Market News – 15 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell early in Asia on Monday as demand prospects waned with expectations that the U.S. Federal Reserve could raise interest rates within the first half of 2015.On the Comex division of the New York Mercantile Exchange, goldfor December traded at $1,228.60 a troy ounce, down 0.24%, after hitting a session low of $1,228.10 a troy ounce on Friday, a level not seen since Jan. 9.Prices recovered on Friday to settle at $1,231.50, down $7.50, or 0.61%.The data came after a government report showed that U.S. retail sales rose 0.6% last month, in line with expectations.

Crude oil prices fell sharply in Asia on Monday with the drop spurred by weak demand amid ample global supplies .On the New York Mercantile Exchange, crude oil for delivery in October traded at $90.36 a barrel, down 1.11%, after closing Friday down 0.6% to end the week at $92.27 a barrel. Last week, crude oil futures revisited levels close to multi -month lows as ample global supplies and concerns about a slowdown in demand continued to weigh. On the ICE Futures Exchange in London, Brent Oil for October delivery slumped 0.99% on Friday to settle at $97.11 a barrel by close of trade.

• U.S. natural gas futures clawed back from the previous session’s sharp losses on Friday, as concerns over tropical storm activity in the Gulf of Mexico prompted traders to return to the market and seek cheap valuations. On the New York Mercantile Exchange, natural gas for delivery in October tacked on 3.4 cents, or 0.89%, to settle at $3.857 per million British thermal units by close of trade on Friday. A day earlier, natural gas prices plunged 13.1 cents, or 3.31%, to end at $3.823.

• The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran. But as rising supplies of North American crude and tepid demand have pushed prices below $100 a barrel, the move underlies how the shale oil revolution is creating a political and economic advantage for Washington and its Western allies. Russia and Iran are heavily reliant on oil sales and face budget shortages at current price levels, analysts say, weakening their position when negotiating over Ukrainian sovereignty or the Iranian nuclear deal.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TGT 1244,1249 SL 1235
  • SELL GOLD BELOW 1230 TGT 1226,1221 SL 1235

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

15Sep
forex-market-hours

IForex Market Trading Signals and News of 15 September 2014

TRADING TIPS :

  • Forex-Dollar holds near 14-month highs, U.S. data in focus.
  • Forex-Dollar extends gains on rate hike prospects.
  • Forex-EUR/USD gains as dollar rally takes a breather.

USD/JPY
USD/JPY was 0.17% at 107.28, up from a session low of 106.97 and off a high of 107.40.The pair was expected to test support at 104.67, last Friday’s low, and resistance at 108.0, the high from Sept. 19, 2008.The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to a 14-month high of 84.6 this month from 82.5 in August. Analysts had expected the index to rise to 83.3 in September.The report came after official data showed that U.S. retail sales rose 0.6% last month, in line with expectations. Retail sales for July were revised to a 0.3% gain from a previously estimated flat reading.Friday’s data fueled already growing expectations that the Federal Reserve will hike interest rates earlier than markets were expecting, with tightening seen taking place now in mid-2015

GBP/USD
GBP/USD hit 1.6218 during European morning trade, the session high; the pair subsequently consolidated at 1.6247, inching up 0.06%.Cable was likely to find support at 1.6168, the low of September 7 and a 10-month low and resistance at 1.6339, the high of September 5.Markets shrugged off official data showing that U.K. construction output was flat in July, compared to expectations for a 0.7% rise, after an increase of 1.2%.Meanhile, demand for the dollar continued to be underpinned by expectations for an early hike in U.S. interest rates, despite data on Thursday showing that U.S. Jobless claims rose more than expected last week.A study by the San Francisco Fed published on Monday indicated that central bank officials see rates rising sooner than markets expect.

RECOMMENDATION :

1. Buy USD/JPY Above 107.47-TG:107.67/107.97 SL 107.17
2. Sell USD/JPY Below 106.60-TG:106.40/106.10 SL 106.90

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

15Sep
klse 15 sep 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 15 September 2014

MARKET UPDATES :

  • The Kuala Lumpur Tin Market (KLTM) closed slightly higher today by US$20 at US$21,100 a tonne in line with the rise of the metal’s price on the London Metal Exchange (LME), a dealer said. The LME tin price rose by US$65 to US$21,075 a tonne. “The gain on the KLTM was lower than on the LME due to technical correction and today’s price was supported mainly by European scattered buying followed by the Japanese and locals,” he said. At the opening, bids totalled 61 tonnes against the 35 tonnes offered. Turnover increased to 58 tonnes from 55 tonnes yesterday, while the premium price differential between the KLTM and the LME narrowed to US$410 a tonne from US$470 a tonne yesterday.
  • Oil prices fell in Asia Friday after the International Energy Agency slashed its forecast for world crude demand this year and as dealers await key US economic data, analysts said US benchmark West Texas Intermediate (WTI) for October delivery was down one cent to US$92.82 while Brent crude for October eased 29 cents to US$97.79 in late-morning trade Both WTI and Brent traded at multi-month lows Thursday before bouncing back to close higher. WTI closed US$1.16 higher in New York while Brent gained four cents in London.
  • Bursa Malaysia traded marginally lower at mid-afternoon today, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) 0.15 per cent easier, dragged down by mild profit-taking in selected blue chips. At 3.15pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 2.85 points to 1,863.26. It moved within a narrow range of between 1868.05 and 1862.04. Of the heavyweights, Sime Darby dipped 14 sen to RM9.11, AMMB Holdings lost 24 sen to RM6.76, Malayan Banking declined four sen to RM10.02 and Public Bank shed eight sen to RM19.04. Among active stocks, Talam Transform and PDZ Holdings were flat at 11.5 sen and 32.5 sen respectively, Nexgram Holdings added 1.5 sen to 15 sen, Konsortium Transnasional went up three sen to 49.5 sen and Sumatec Resources gained one sen to 45 sen.
  • Domino’s Pizza plans to invest a minimum of RM500,000 for each of 16 new outlets in Malaysia by year- end. ts general manager of Domino’s Pizza Malaysia & Singapore, Shamsul Amree, said to date, Domino’s Pizza has 122 outlets in the country. He said Domino’s Pizza expected to achieve a double-digit growth in sales this year with the expected increase in the number of outlets. “Last year Domino’s Pizza achieved RM200 million sales,” Shamsul said this to reporters after the launch of Mountain Dew’s latest flavour in conjunction with a consumer promotion campaign by Domino’s Pizza.

STOCK RECOMMENDATION :

  • AMMB HOLDING ABOVE 6.760 TG 6.830, 6.900, 6.980 SL 6.680

Fore more information about KLSE stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

12Sep
gold-bars

Comex Commodity Trading Signals and Market News – 12 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold rebounded in Asia on Friday on physical demand prospects as holidays approach in India and buying picks up for expected year-end events as well. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded a $1,242.00 a troy ounce, up 0.24%, after hitting an overnight session low of $1,235.80 and off a high of $1,250.80.gold prices slipped as investors avoided the yellow metal ahead of the Federal Reserve’s statement on monetary policy meeting next week, which many bet will see further cuts to the U.S. central bank’s monthly bond-buying program. The December contract settled down 0.26% at $1,245.30 on Wednesday. Futures were likely to find support at $1,235.20 a troy ounce, the low from Jan. 23, and resistance at $1,279.20, last Thursday’s high.

Oil prices shot up on Wednesday after the U.S. said it would join its European allies and slapped fresh sanctions on Russia on accusation of meddling in the Ukraine conflict, which stoked fears a ceasefire could end and allow fighting to disrupt crude supply. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded up 1.39% at $92.95 a barrel during U.S. trading. New York-traded oil futures hit a session low of $90.46 a barrel and a high of $92.98 a barrel. The October contract settled down 1.16% at $91.67 a barrel on Wednesday. Nymex oil futures were likely to find support at $90.46 a barrel, the session low, and resistance at $93.94 a barrel, Tuesday’s high.

Natural gas prices took a dive on Thursday after data revealed U.S. stockpiles rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in October were down 3.25% at $3.826 per million British thermal units during U.S. trading. The commodity hit a session low of $3.940, and a high of $3.993. The October contract settled up 2.79% on Tuesday to end at $3.984 per million British thermal units. Natural gas futures were likely to find support at $3.761 per million British thermal units, Monday’s low, and resistance at $4.016, Tuesday’s high. Injections of gas into storage have surpassed the five-year average for 21 consecutive weeks, alleviating concerns over tightening supplies.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TGT 1244,1249 SL 1235
  • SELL GOLD BELOW 1230 TGT 1226,1221 SL 1235

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

12Sep
forex-trading-tips

IForex Market Trading Signals and News of 12 September 2014

TRADING TIPS :

  • Forex-Dollar holds close to 14-month highs vs. rivals.
  • Forex-Euro steady near 3 week highs against Swiss franc.
  • Forex-NZD/USD hits fresh 7-month lows on RBNZ statement.

USD/JPY
USD/JPY hit fresh six year highs of 107.04 and was last up 0.08% at 106.94 as the diverging monetary policy stance between the Federal Reserve and the Japanese central bank continued to pressure the yen lower.A study by the San Francisco Fed published on Monday indicated that Fed officials see rates rising earlier than markets expect.The Fed is expected to cut its asset purchase program by another $10 billion next Wednesday, which would keep it on track for winding up the program in October, and to start raising interest rates sometime in mid-2015.The bank also lowered its inflation forecasts said it expects a further depreciation in the kiwi.

GBP/USD
GBP/USD was last trading at 1.6201, dipping 0.06% on the day. On Wednesday the pair fell to lows of 1.6050, theweakest since November, before recovering to 1.6208 in late trade.Cable was likely to find support at 1.6100 and resistance at around the 1.6280 level.The pound rebounded after a new opinion poll on Scottish independence on Wednesday showed that support for the no campaign was back in the lead with 53% of voters. The poll came after a number of recent polls indicated that support for Scottish pro-independence voters had increased ahead of the September 18 referendum.Uncertainty over what currency an independent Scotland would use, as well as concerns over how much of the U.K. national debt it would take on have sparked a broad based selloff in sterling in the past week.

RECOMMENDATION :

1. Buy USD/JPY Above 107.25-TG:107.45/107.75 SL 106.95
2. Sell USD/JPY Below 106.47-TG:106.27/105.97 SL 106.77

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

12Sep
klse 12 sep 14

Financial Klse Malaysia Stock Market Trading Picks And News – 12 September 2014

MARKET UPDATES :

  • Sales of properties in Malaysia slightly declined in the first half of 2014 despite the high demand due to the cooling measures announced by the government in Budget 2014, says the Real Estate and Housing Developers’ Association (REHDA). Its president Datuk Seri Fateh Iskandar Mohamed Mansor said among the key measures affecting the sales were the 70 per cent loan-to-value ratio, the impending implementation of the Goods and Services Tax and the higher real property gains tax as well as responsible lending guidelines introduced by Bank Negara.
  • The Industrial Production Index (IPI) grew by 0.5 per cent in July 2014 compared with the same month last year, contributed by positive growth in the manufacturing and electricity indices. The Statistics Department said of the two indices, manufacturing rose by 3.1 per cent and electricity went up 4.9 per cent. However, the mining index recorded a decline of 7.8 per cent, it said in a statement today. The department said the expansion of the manufacturing sector was due to growth in June 2014 of 9.2 per cent while the decline in the mining sector was driven by the decrease in the natural gas index of 15.5 per cent.
  • The Amanah Saham Bumiputera 2 (ASB2), which was launched in April 2014, has attracted 57,432 subscribers buying over 1.16 billion units.Permodalan Nasional Bhd (PNB) president/chief executive officer, Tan Sri Hamad Kama Piah Che Othman, said compared with the new products for Bumiputeras before this, the sales of one to two million units would take between one and two years.The ASB2 is a good achievement, thanks to those who gave their support to PNB.
  • The sales value of the manufacturing sector in July 2014 rose 1.4 per cent (RM800 million) to RM54.8 billion as compared to RM54.0 billion reported a year ago, said the Statistics Department. In a statement today, it said on a month-on-month basis, the sales value increased by 2.7 per cent or RM1.5 billion compared with the preceding month. The total number of employees engaged in the sector in July 2014 however slipped by 0.2 per cent to 1.03 million from the preceding month, while on a year-on-year basis, it increased by 1.3 per cent or 13,332 persons from 1.02 million persons in July 2013, the department said. Salaries and wages paid in July 2014 increased by 0.2 per cent to RM2.87 billion as compared to the previous month while on a year-on-year basis, the total amount paid increased by 7.0 per cent.
  • Bursa Malaysia was easier at mid-afternoon today, dragged down by mild profit-taking in finance-related blue- chips. At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 1.08 points to 1,869.77. It moved within a narrow range of between 1874.67 and 1869.43.

STOCK RECOMMENDATION :

  • BUY MAXIS BERHAD ABOVE 6.390 TG 6.450, 6.520, 4.620 SL 6.300

Fore more information about KLSE stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

11Sep
comex1

Comex Commodity Trading Signals and Market News – 11 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold gained in Asia on Thursday as India moves into the festive season of Diwali and fall weddings with the precious metal a traditional gift. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,249.90 a troy ounce, up 0.37%, after hitting an overnight session low of $1,244.60 and off a high of $1,258.50. Gains were limited, however, as expectations for changing U.S. monetary policy within a year supported the dollar, which trades inversely with gold. The December contract settled down 0.46% at $1,248.50 on Tuesday.

Oil prices dropped to fresh eight-month lows on Wednesday after data revealed U.S. stockpiles fell less than markets were expecting last week, while a stronger U.S. dollar exacerbated losses. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded down 1.20% at $91.64 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.27 a barrel and a high of $93.03 a barrel. The October contract settled up 0.10% at $92.75 a barrel on Tuesday Nymex oil futures were likely to find support at $91.24 a barrel, the low from Jan. 9, and resistance at $93.94 a barrel, Tuesday’s high.

Natural gas prices fell on Wednesday after investors locked in gains from bullish weather reports and sold for profits, jumping to the sidelines to await Thursday’s weekly supply report. On the New York Mercantile Exchange, natural gas futures for delivery in October were down 0.51% at $3.964 per million British thermal units during U.S. trading. The commodity hit a session low of $3.940, and a high of $3.993. The October contract settled up 2.79% on Tuesday to end at $3.984 per million British thermal units.

• West Texas Intermediate oil futures extended losses to hit a fresh eight-month low on Wednesday, after data showed that oil supplies in the U.S. fell less than expected, while gasoline stockpiles rose unexpectedly. On the New York Mercantile Exchange, crude oil for delivery in October tumbled 1.24%, or $1.15, to trade at $91.60 a barrel during U.S. morning hours. Total U.S. crude oil inventories stood at 358.6 millio barrels as of last week.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1252 TGT 1256,1261 SL1247
  • SELL GOLD BELOW 1245 TGT 1241.1237 SL 1250

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.