29Oct
forex-market-hours

IForex Market Trading Signals and News – 29 October 2014

TRADING TIPS :

  • Forex-USD/JPY edges higher, Fed statement in focus .
  • Forex-Pound dips as dollar edges higher before Fed .
  • Forex- AUD/USD rises to 2-week highs ahead of Fed .

USD/JPY
USD/JPY hit 108.10 during European late morning trade, the session high; the pair subsequently consolidated at 108.04, adding 0.20%. The pair was likely to find support at 107.08, the low of October 23 and resistance at 108.73, the high of October 8.The U.S. dollar edged higher against the yen on Tuesday, as sentiment on the greenback became mildly stronger ahead of the Federal Reserve’s highly anticipated policy statement due on Wednesday. In Japan, data on Tuesday showed that retail sales rose at an annualized rate of 2.3% in September, beating expectations for a 0.6% gain, after a 1.2% increase the previous month.Investors were eyeing the conclusion of the Fed’s two day meeting on Wednesday for any indications that a slowdown in growth in Europe or China could prompt the U.S. central bank to delay possible rate hikes.

EUR/USD
EUR/USD was at 1.2708, off Monday’s lows of 1.2664.The greenback remained under pressure amid concerns that recent signs of a slowdown in growth in Europe and China could prompt the U.S. central bank to stick to its cautious outlook on monetary policy . The dollar was little changed against the euro and the yen on Tuesday following declines in the previous session as investors looked ahead to the conclusion of the Federal Reserve’s two day policy meeting on Wednesday.Data on Monday showing that German business confidence fell to the lowest level since December 2012 this month added to fears over the outlook for fourth quarter growth in the euro area’s largest economy.The dollar slid on Monday after data showed that the U.S. service sector expanded at the slowest rate in six months in October, as new order growth slowed and business confidence declined.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6122-TG:1.6142/1.6172 SL 1.6082
2. Sell GBP/USD Below 1.6090-TG:1.6070/1.6040 SL 1.6120

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

28Oct
klse 29 oct 143

Financial Klse Malaysia Stock Market Trading Picks And News – 29 October 2014

MARKET UPDATES :

  • Malaysia’s economic growth is expected to be at between five per cent and six per cent in 2015. Minister in the Prime Minister’s Department Datuk Dr Wee Ka Siong said in terms of general wealth creation, the focus will not only be traditional resources such as petroleum, oil palm or minerals, but also incorporate new dimensions like ideas, creativity and innovation.”Economic growth will also be more targeted with an efficient use of resources in sectors that Malaysia has a competitive advantage.
  • The Securities Commission Malaysia (SC) and the United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) today exchanged a memorandum of understanding (MoU) to forge a strategic partnership in capacity building between the two leading regulators of Islamic capital markets.In a statement here today, SC said its chairman Datuk Ranjit Ajit Singh, together with SCA chief executice officer Abdullah Al- Turifi, exchanged the MoU at the 10th World Islamic Economic Forum in Dubai, with Prime Minister Datuk Seri Najib Razak witnessing the ceremony.
  • Maybank Islamic Bhd will collaborate with Majlis Agama Islam Wilayah Persekutuan (MAIWP) for a high- impact initiative, which is set to make it the prime catalyst in developing and broadening the horizon of Waqf. Maybank Islamic will provide RM20 million seed capital to the Waqf Fund which will invest in portfolios including fixed income, equities, balanced fund and real estate. MAIWP will be the trustee of the fund and Maybank Islamic the project manager.
  • The proposed fuel subsidy rationalisation scheme can only be implemented towards the second half of 2015 as the logistics will take some time to implement, said Kenanga Research. In its note today, the research firm said the petrol subsidy is likely to be given for one car per MyKad.”Though this will definitely help the government’s coffers, there is always the question of how this system can be enforced,” said Kenanga Research.
  • The FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded from losses earlier in the day to close higher, lifted by consumer-related stocks such as Nestle, Dutch Lady Milk Industries and PBB Group. At 5pm, the benchmark index stood at 1,825.68 points, rising 2.53 points, after hovering between 1,819.37 points and 1,825.85 points in trading. Market breadth, was however negative, as losers outpaced gainers 529 to 284, while 274 counters were unchanged, 549 untraded and 11 others suspended.
  • Malaysia’s biggest online sale event, has earned over RM67.38 million in sales from 179,617 local online shoppers. The results have surpassed the target of RM50 million sales by 134 per cent and 100,000 buyers by 179 per cent, Multimedia Development Corporation (MDeC) said in a statement.

STOCK RECOMMENDATION :

  • BUY ASTRO MALAYSIA ABOVE 3.300 TG 3.350, 3.420, 3.520 SL 3.220

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

28Oct
gold-bars

Comex Commodity Trading Signals and Market News – 28 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped slightly in early Asia trade on Tuesday with the focus growing on the Federal Reserve. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,225.80 a troy ounce, down 0.06%, after hitting an overnight session low of $1,227.50 and off a high of $1,232.00. Overnight, gold prices fell earlier as investors avoided the yellow metal and jumped to the sidelines ahead of the Federal Reserve’s statement on monetary policy on Wednesday. The Fed is widely seen closing its bond-buying program, though uncertainty as to whether or not the statement will contain dovish or hawkish language surrounding interest rates prompted investors to avoid the yellow metal ahead of time.

Natural gas prices moved lower on Monday after updated weather-forecasting models continued to call for mild temperatures across much of the U.S., which should curb demand for both heating and air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 1.33% at $3.649 per million British thermal units during U.S. trading. The commodity hit a session low of $3.623, and a high of $3.720. The December contract settled down 0.22% on Friday to end at $3.698 per million British thermal units. Natural gas futures were likely to find support at $3.545 per million British thermal units, the low from Nov. 19, 2013, and resistance at $3.842, last Monday’s high.

Oil futures ended Friday’s session lower, amid speculation rising global supplies will be more than enough to meet slowing demand. On the New York Mercantile Exchange, crude oil for delivery in December slumped $1.08, or 1.32%, on Friday to end the week at $81.01 a barrel. For the week, New York-traded oil futures lost $1.38, or 1.67%, the fourth consecutive weekly decline.

• Elsewhere, on the ICE Futures Exchange in London, Brent for December delivery fell 70 cents, or 0.81%, on Friday to settle at $86.13 a barrel by close of trade. For the week, the November Brent contract dropped 3 cents, or 0.03%, the fifth straight weekly loss. Meanwhile the spread between the Brent and the WTI crude contracts stood at $5.12 a barrel by close of trade on Friday, compared to $3.41 in the preceding week.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1230 TGT 1234,1239 SL 1225
  • SELL GOLD BELOW 1223 TGT 1219,1214 SL 1228

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

28Oct
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News – 28 October 2014

TRADING TIPS :

  • Forex- Euro slips after German Ifo deteriorates.
  • Forex-AUD/USD holds steady, market sentiment improves.
  • Forex- Euro up after ECB stress test results on banks.

USD/JPY
USD/JPY the dollar was lower against the yen, with USD/JPY sliding 0.33% to 107.78.was down 0.12% to 108.14late after falling as low as 107.77 earlier in the session.apan’s government downgraded its assessment of the economic outlook for the second consecutive month last week, and a report earlier in the month showed that sentiment in the services sector deteriorated in the third quarter after a sales tax hike in April hit consumption. The dollar later pulled away from session lows after data showed that U.S. new home sales rose 0.2% from a month earlier to hit a six year high of 467,000 in September.Investors were looking ahead to policy meeting by the Federal Reserve and the Bank of Japan later in the week amid lingering concerns over the outlook for the global economy.

EUR/USD
EUR/USD was last trading at 1.2679, just 0.09% higher for the day, down from around 1.2696 ahead of the release of the data and off session highs of 1.2714.The euro weakened after German research institute Ifo said its index of business climate slid to 103.2 this month from 104.7 in September. It was the lowest level in almost two years and was below forecasts of 104.3.The European Central Bank announced the results of yearlong tests to assess the finances of 150 banks on Sunday. Overall, 25 banks were found to have a capital shortfall, but most have already taken steps to resolve this, the ECB said. The euro gained in early Asian trade on Monday after the results of stress tests on European banks were released at the weekend, showing a better than expected picture of financial health for many.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6130-TG:1.6150/1.6180 SL 1.6100
2. Sell GBP/USD Below 1.6090-TG:1.6070/1.6040 SL 1.6120

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

28Oct
klse 28 oct 14

Financial Klse Malaysia Stock Market Trading Picks And News – 28 October 2014

MARKET UPDATES :

  • Having the right people on the ground is crucial, says BASF Petronas Chemicals director THE BASF integrated aroma ingredients plant in Gebeng, Pahang, is beefing up its skilled manpower so as to compete against similar plants in Germany and the United States. Having the right people on the ground is crucial in order to be globally competitive, said BASF Petronas Chemicals Sdn Bhd business management division director Dr Volker Seidl.
  • Share prices on Bursa Malaysia closed higher today on upbeat sentiment, driven by gains in regional bourses. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,823.15, rising 4.29 points, boosted by British American Tobacco (BAT), Kuala Lumpur Kepong (KLK) and Batu Kawan. The benchmark index moved between 1,815.35 and 1,824.37 throughout the day.
  • Google Malaysia has called on businesses to venture into web-based or mobile-optimised site or application as consumers purchasing behaviour has shifted to multi-screen trend. Google Malaysia managing director Sajith Sivanandan said roughly 100, 000 businesses in the country are web-based or mobile-compliant, a small number comparing to the overall 700,000 small and medium companies operating here.
  • The Trans-Pacific Partnership (TPP) trade deal talks over the weekend have made significant progress, said Australia’s Trade Minister Andrew Robb. Representatives from 11 countries, including Malaysia, US and Japan, took part in three days of talks in Sydney. Robb told a media briefing today the finish line for securing the deal was “within reach” but there were still some outstanding issues.
  • The fuel subsidy rationalisation scheme to be implemented next year will be divided into three tiers depending on the monthly income, said Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah. He said those earning below RM5,000 per month would still enjoy the fuel subsidy and those earning above RM10,000 not eligible.
  • The Kuala Lumpur Tin Market (KLTM) was down by US$40 yesterday to close at US$19,490 a tonne, in line with the decline in the metal’s price on the London Metal Exchange (LME). Tin prices on the LME fell by US$125 to US$19,425 a tonne. “The decline was due to some sellers who withdrew when the price fell,” a dealer said.
  • Malaysia’s largest Islamic cooperative bank, Bank Rakyat expects its profit before tax and zakat (PBTZ) to hit RM2.2 billion for financial year 2014 (FY14), despite the competitive environment .

STOCK RECOMMENDATION :

  • BUY FELDA GLOBAL ABOVE 3.500 TG 3.550, 3.620, 3.720 SL 3.420

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

27Oct
comex1

Comex Commodity Trading Signals and Market News – 27 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased slightly in early Asian trade on Monday after a stress test exercise for European banks released at the weekend showed a better than expected reading. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,230.20 a troy ounce, down 0.06%, after it settled last week at $1,231.80 a troy ounce. Roughly one in five of the euro zone’s top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday. Painting a brighter picture than had been expected, the ECB found the biggest problems in Italy, Cyprus and Greece but concluded that banks’ capital holes had since chiefly been plugged, leaving only a modest 10 billion euros ($12.7 billion) to be raised.

Crude oil prices eased in early Asian trade on Monday on better than expected results from stress test exercises for European banks. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded at $81.20 a barrel, down 0.13%. Prices jumped 1.57$ or 1.95% on Thursday to settle at $82.09.Futures were likely to find support at $80.05 a barrel, Thursday’s low and resistance at $83.15, the high from October 22. Oil prices weakened after The New York Times reported earlier Friday that a doctor in New York City, identified as Craig Spencer, tested positive for the Ebola virus after returning from treating patients in West Africa.

• Brent oil futures, the global benchmark, fell 0.8% to $86.13 a barrel on ICE Futures Europe on Friday. The test, designed to mark a clean start before the ECB takes on supervision of the banks next month, said Banca Monte Dei Paschi Spa (OTC:BMDPY) had the largest capital hole to fill at 2.1 billion euros .

• U.S. natural gas futures slumped to an 11-month low on Friday, as investors bet that mild weather will dampen early-winter demand for the heating fuel. On the New York Mercantile Exchange, natural gas for delivery in November sank to a daily low of $3.559 per million British thermal units on Friday, a level not seen since November 20, 2013. Prices came off the lows to settle at $3.623 by close of trade, down 0.1 cents, or 0.03%. On the week, Nymex natural gas prices lost 14.3 cents, or 3.79%, the third straight weekly decline. Futures were likely to find support at $3.559 per million British thermal units, the low from October 24, and resistance at $3.718, the high from October 22.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1234 TGT 1238,1243 SL 1229
  • SELL GOLD BELOW 1227 TGT 1223,1219 SL 1232

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

27Oct
forex-trading-tips

IForex Market Trading Signals and News – 27 October 2014

TRADING TIPS :

  • Forex-Euro up after ECB stress test results on banks
  • Forex-GBP/USD gains on soft U.K. housing data, firm U.K. GDP report
  • Forex- EUR/USD gains on disappointing U.S. home sales data

GBP/USD
was up 0.41% at 1.6097, up from a session low of 1.6018 and off a high of 1.6099. Cable was likely to find support at 1.5993, Thursday’s low, and resistance at 1.6186, Tuesday’s high. The dollar dipped after the Census Bureau reported earlier that U.S. new home sales rose 0.2% in September to 467,000 units, missing expectations for an increase to 470,000 units. The August figure was downwardly revised to a 15.3% climb to 466,000 units from a previously estimated 18.0% jump to 504,000 units, and the data weakened the dollar against the euro, as while the Federal Reserve is widely seen closing its bond-buying program this month, the timing of rate hikes in 2015 remains unclear.

EUR/USD
EUR/USD hit 1.2695 during U.S. morning trade, the pair’s highest since October 22; the pair subsequently consolidated at 1.2685, rising 0.30%. The pair was likely to find support at 1.2582, the low of October 7 and resistance at 1.2769, the high of October 14. The dollar came under pressure after official data showed that U.S. new home sales rose 0.2% lat month to467,000 units, below expectations for an increase to 470,000 units. August’s figure was downwardly revised to a 15.3% climb to 466,000 units from a previously estimated 18.0% jump to 504,000 units.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6140-TG:1.6160/1.6190 SL 1.6115
2. Sell GBP/USD Below 1.6070-TG:1.6050/1.6020 SL 1.6095

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

22Oct
forex-trading-tips

IForex Market Trading Signals and News – 22 October 2014

TRADING TIPS :

  • Forex-Euro pushes higher against dollar, gains capped.
  • Forex-AUD/USD higher after RBA minutes, Chinese data.
  • Forex- Dollar lower against yen as growth in China slows.

USD/JPY
USD/JPY was down 0.63% to 106.26 from 106.93 late Monday.China’s economy grew at an annual rate of 7.3% in the three months to September, official data on Tuesday showed, slightly higher than the 7.2% forecast by economists, but slowing from 7.5% in the second quarter.It was the slowest rate of growth since the first quarter of 2009, in the midst of the global financial crisis.The slowdown fuelled fears that China will miss its annual growth target of 7.5% and added to speculation that the government will need to roll out fresh stimulus measures to avert a sharper slowdown.The weak data also added to concerns that weaker global growth could act as a drag on the U.S. economy, dampening dollar demand.

EUR/USD
EUR/USD was up 0.19% to 1.2822, not far from a session high of 1.2840, from 1.2799 late Monday.China’s economy grew at an annual rate of 7.3% in the three months to September, slightly higher than the 7.2% forecast by economists, but slowing from 7.5% in the second quarter.It was the slowest rate of growth since the first quarter of 2009, in the midst of the global financial crisis.The slowdown fuelled fears that China will miss its annual growth target of 7.5% and added to speculation that the government will need to roll out fresh stimulus measures to avert a sharper slowdown.The weak data also added to concerns that weaker global growth could act as a drag on the U.S. economy, dampening dollar demand.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6184-TG:1.6204/1.6234 SL 1.6154
2. Sell GBP/USD Below 1.6130-TG:1.6110/1.6090 SL 1.6160

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

22Oct
klse 22 oct 14

Financial Klse Malaysia Stock Market Trading Picks And News – 22 October 2014

MARKET UPDATES :

  • The Kuala Lumpur Tin Market (KLTM) rose US$100 to close at US$19,400 a tonne yesterday in tandem with the firmer London Metal Exchange (LME). The tin price on the LME increased by US$55 to close US$19,305 a tonne. The dealer said KLTM price rise was higher than LME as some sellers were cautious as they wanted to see how LME would fare today.He said today’s market was dominated by scattered buying from the Europeans, Japanese and the locals.
  • The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts closed untraded yesterday on lack of buying interest, dealer said. Spot month November 2014, December 2014, January 2015 and March 2015 remained unchanged at 96.25, 96.26, 96.22 and 96.18, respectively. Open interest stood at 2,660 contracts. At the 11am fixing, the underlying three-month Klibor stood at 3.75 per cent. Bernama
  • AMALGAMATED Industrial Steel Bhd (AIS), which have been in the red for six years, is hopeful of narrowing loss this year as it sells its pipes at higher prices, following the government’s slapping of anti- dumping tax on select imported hot-rolled coils (HRC).“We’re relieved to hear that there’s better government enforcement in the form of anti-dumping investigation. We’re a customer of Megasteel,” said AIS chief financial officer Jack Soo. For 120 days from Thursday, the Ministry of International Trade and Industry (Miti) has imposed provisional anti-dumping duties of between 3.15 per cent and 29.37 per cent on HRC originating or imported from China, Indonesia and South Korea.
  • THE overhang of “hot” foreign liquidity in Malaysia has reduced significantly, although foreign funds are net sellers of local equities with RM3.8 billion sold so far this year, reversing the RM3 billion net inflow for the whole of 2013.MIDF Research noted that while foreign investors were net sellers every day last week, the net outflow had not exceeded RM200 million per day.“That supports the view that the bulk of foreign selling is in the past and the overhang of ‘hot’ foreign liquidity in Malaysia has reduced significantly,” MIDF Research said in its weekly fund flow report yesterday.
  • BANKS and advisers working on the US$6 billion (RM19.6 billion) initial public offering (IPO) of Saudi Arabia’s National Commercial Bank (NCB), set to be the world’s second-largest share sale this year, will receive about US$6.7 million in fees. That represents about 0.1 per cent of the IPO, according to the deal prospectus on NCB’s website.

STOCK RECOMMENDATION :

  • BUY GENTING MALAYSIA ABOVE 4.090 TG 4.150, 4.230, 4.350 SL 4.010

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

21Oct
forex-trading-tips

IForex Market Trading Signals and News – 21 October 2014

TRADING TIPS :

  • Forex-Dollar higher against yen as sentiment improves.
  • Forex- Euro little changed vs. dollar, gains against yen.
  • Forex- Pound pushes higher vs. dollar in quiet trade.

GBP/USD
GBP/USD was up 0.25% to 1.6133, not far from session highs of 1.6135. Data on Friday showed that U.S. consumer sentiment rose to the highest level since July 2007 this month and another report showed that U.S. housing starts rose more than expected in September. The data reinforced expectations that the Federal Reserve will raise interest rates in the second half of 2015 and calmed investor jitters at the end of a volatile week of trading.Sterling slumped to 11-month lows against the dollar mid-week after data showed that the annual rate of U.K. inflation slowed to 1.2% in September, down from 1.5% in August.

EUR/USD
EUR/USD edged up 0.05% to 1.2766, holding below the three-week highs of 1.2876 hit last Wednesday. Data on Friday showed that U.S. consumer sentiment rose to the highest level since July 2007 this month and another report showed that U.S. housing starts rose more than expected in September.The data reinforced expectations that the Federal Reserve will raise interest rates in the second half of 2015 and calmed investor jitters at the end of a volatile week of trading.The dollar fell to three week lows against the euro mid-week and weakened against the other major currencies amid fears that slower global growth would act as a drag on the U.S. economy.The Nikkei newspaper said Monday that the $1.2 trillion Government Pension Investment Fund will raise its target for foreign bonds and shares to around 30% from 23%.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6165-TG:1.6195/1.6225 SL 1.6135
2. Sell GBP/USD Below 1.6100-TG:1.6080/1.6050 SL 1.6130

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

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