21Nov
forex-market-hours

IForex Market Trading Signals and News – 21 November 2014

TRADING TIPS :

  • Forex-Yen dips in Asian trade with Japan markets shut for holiday .
  • Forex-Dollar mixed to higher on upbeat Philly factory gauge.
  • Forex-EUR/USD dips as dollar firms on soaring Philly factory gauge.

EUR/USD
EUR/USD was down 0.23% at 1.2525, up from a session low of 1.2504 and off a high of 1.2575.The pair was likely to find support at 1.2441, Tuesday’s low, and resistance at 1.2600, Wednesday’s high.Manufacturing activity in the Philadelphia-region expanded at its fastest rate since December 1993 in November, fueling optimism over the U.S. economic outlook, official data showed on Thursday.The Federal Reserve Bank of Philadelphia reported earlier that its manufacturing index improved to 40.8 this month from 20.7 in October.A soaring Philadelphia-area factory gauge sparked demand for the greenback over the euro on Thursday by stoking expectations for the U.S. economy to grow at a faster clip.

USD/JPY
USD/JPY traded at 118.26, up 0.07% The Japanese yen weakened in early Asia on Friday with a light trading day expected.the dollar traded mixed to higher against most major currencies on Thursday after a robust Philadelphiaarea factory gauge sparked demand for the greenback on sentiments that the U.S. economy may be gaining steam.The Federal Reserve Bank of Philadelphia reported earlier that its manufacturing index improved to 40.8 this month from 20.7 in October.The yen fell to fresh seven year lows against the dollar on Thursday and hit a six year trough against the euro as the Bank of Japan’s decision to expand its easing program last month continued to pressure the currency lower.hit highs of 118.98, the most since August 2007 and was last up 0.76% to 118.82.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2587-TG:1.2607/1.2637 SL 1.2557
2. Sell EUR/USD Below 1.2525-TG:1.2505/1.2475 SL 1.2555

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

21Nov
klse 21 nov

Financial Klse Malaysia Stock Market Trading Picks And News – 21 November 2014

MARKET UPDATES :

  • Malaysia Airlines (MAS) is offering exciting air fares starting from Rs11,860 (RM664) for travellers from India through its Year-End Specials campaign starting today till Dec 2, 2014 for the travel period between Jan 5, 2015 and March 31, 2015. The all-inclusive economy class return fare from India to Malaysia and Indonesia starts at just Rs11,860 and Rs15,890 respectively, the airline announced Thursday. The national carrier also has value deals to China and Australia starting from Rs20,830 and Rs39,660 respectively for an all-inclusive return economy class travel from India.
  • AirAsia Bhd’s net profit narrowed to RM5.4 million in the third quarter (Q3) ended September 30 from RM35.48 million a year ago. For the nine months, the low-cost carrier’s net profit stood at RM512.27 million from RM198.62 million in the same period last year. Group revenue for the third quarter rose to RM1.32 billion from RM1.28 billion a year ago. Nine-month revenue increased to RM3.93 billion from RM3.83 billion previously.
  • Farlim Group (Malaysia) Bhd will dispose of its three-storey shop office at Farlim Square, Penang, to Iqrah Holdings Sdn Bhd for RM2.23 million. In an announcement to Bursa Malaysia, the company said the disposal is within the ordinary course of business for Farlim and made on arm’s length basis, on competitive commercial terms not more favourable to the related party than those generally available to the public.
  • Danajamin Nasional Bhd is collaborating with CIMB Islamic Bank Bhd and RHB Islamic Bank Bhd in a syndicated financing worth RM420 million for Puncak Wangi Sdn Bhd. “This exercise is testament to how collaboration with Malaysia’s leading banks, together with Danajamin, can unlock value such as financing solutions, for our clients,” its Chief Executive Officer,
  • Gold futures ended mixed as cautious sentiment clouded the market. Phillip Futures Sdn Bhd dealer Ahmad Danial Zainudin said investors were waiting for the release of US Federal Reserve’s meeting minutes. “Market players will be looking whether the Federal Reserve will raise interest rates as any rate hike could hurt non-interest-bearing gold.
  • Crude palm oil (CPO) futures closed lower yesterday amid weaker crude oil prices, said a dealer. Phillip Futures derivative product specialist David Ng said the narrowing price differences between soya oil and palm oil also contributed to the lower close.
  • It is not all doom and gloom for oil and gas (O&G) stocks, which have been hard hit by the steep dip in global oil prices. According to Aberdeen Asset Management Sdn Bhd, now is the perfect time to buy O&G stocks .

STOCK RECOMMENDATION :

  • BUY ASTRO MALAYSIA ABOVE 3.410 TARGET 3.450 3.510 SL 3.350

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

20Nov
comex1

Comex Commodity Trading Signals and Market News – 20 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell in U.S. trading on Wednesday as investors bet the Federal Reserve remains on track to raise interest rates some time in 2015, as only the timing of a move to tighten policy is still up in the air. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.96% at $1,185.60, up from a session low of $1,174.90 and off a high of $1,201.70. The December contract settled up 1.15% at $1,197.10 on Tuesday.

Crude oil prices dipped in early Asia on Thursday with demand prospects in focus ahead of a key gauge of manufacturing in China. In focus in Asian data is the HSBC China November flash manufacturing PMI at 0945 local time (0145 GMT). Investors will be watching for signs of further improvement in the headline after October’s final rose to a three-month high of 50.4. In the New York Mercantile Exchange, West Texas Intermediate crude futures for delivery in January traded at 74.33 a barrel, down 0.17%, after hitting an overnight session low of $73.92 a barrel and off a high of $75.25 a barrel.

Natural gas futures soared on Wednesday after updated weather-forecasting models called for reinforcing blasts of cold air to shoot across the U.S. in the coming weeks, which should hike demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 3.76% at $4.404 per million British thermal units during U.S. trading. The commodity hit a session low of $4.195, and a high of $4.506. The December contract settled down 2.23% on Tuesday to end at $4.244 per million British thermal units.

Copper futures stabilized on Wednesday, following two consecutive losses, amid speculation policymakers around the world will have to introduce further stimulus measures to support the global economy and boost growth. On the Comex division of the New York Mercantile Exchange, copper for December delivery tacked on 0.7 cents, or 0.23% to trade at $3.009 a pound during European morning hours.

Oil futures traded near four-year lows on Wednesday, as market players assessed the likelihood that the Organization of the Petroleum Exporting Countries will cut output to support prices when it meets later this month. On the ICE Futures Exchange in London, Brent oil for January delivery lost 36 cents, or 0.46%, to trade at $78.11 a barrel. A day earlier, Brent declined 84 cents, or 1.06%, to settle at $78.47. London-traded Brent futures fell to a four-year low of $76.76 a barrel on November 14.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1185 TGT 1189,1195 SL 1180
  • SELL GOLD BELOW 1175 TGT 1171,1165 SL 1180

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

20Nov
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News – 20 November 2014

TRADING TIPS :

  • Forex-Dollar gains as markets shrug off Fed minutes, bet on rate hikes.
  • Forex-Dollar dips as upbeat German sentiment data cools greenback’s rally.
  • Forex-Dollar little changed, focus turns to Fed minutes.

EUR/USD
EUR/USD was up 0.06% at 1.2541.Monetary authorities largely agree that the economy was improving and no longer needed stimulus tools such as asset purchases, though concerns persisted that inflation expectations may be dipping, the minutes of the Federal Reserve’s October policy meeting released Wednesday revealed. At its October monetary policy meeting, the Fed left its benchmark interest rate unchanged at 0.00-0.25% and said it was closing its monthly bond-buying program in a move widely expected by markets.While the economy is improving, some monetary authorities want to be sure recovery remains sustained before raising interest rates, which is seen taking place in 2015, with a few voting members expressing concerns that inflationary pressures remain soft.

USD/JPY
USD/JPY was up 0.72% at 117.71, up from a session low of 116.82 and off a high of 117.78.The pair was expected to test support at 115.44, Monday’s low, and resistance at 117.78, the session high.Investors were looking ahead to the minutes of the Fed’s October meeting, which were expected to highlight the growing monetary policy divergence between the U.S. central bank and its peers in Japan and Europe. The Fed’s October policy statement noted that both the labor market and the inflation outlook were improving. Markets are currently expecting the U.S. central bank to start raising rates sometime around September 2015. In contrast, the Bank of Japan and the European Central Bank are expected to continue monetary easing in order to shore up growth and inflation.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2563-TG:1.2583/1.2613 SL 1.2533
2. Sell EUR/USD Below 1.2500-TG:1.2480/1.2450 SL 1.2530

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

20Nov
klse 20 nov

Financial Klse Malaysia Stock Market Trading Picks And News – 20 November 2014

MARKET UPDATES :

  • Malaysian Biotechnology Corporation Sdn Bhd (BiotechCorp) hopes to clinch at least RM5.0 billion investment next year bolstered by its three strongest segments — agriculture, industrial and pharmaceuticals. Chief executive officer, Datuk Dr Mohd Nazlee Kamal said although Malaysia was competing with regional countries in securing biotechnology-based investment, he was confident of achieving the target given the country’s competitive edge in business strategy, coordination and supporting mechanism.
  • AMMB Holdings Bhd’s pre-tax profit for the second quarter ended Sept 30, 2014 rose to RM621.25 million from RM600.44 million in the same quarter last year. Revenue slipped to RM2.21 billion from RM2.38 billion previously. Group managing director, Ashok Ramamurthy, said the first-half’s performance reflected ongoing transformation initiatives. “Profit after tax and minority interest (PATMI) increased 8.9 per cent whilereturn on equity was 14.3 percent. Quarter-on-quarter, momentum has picked up with underlying PATMI up 35.4 per cent compared to the previous quarter.
  • EA Technique (M) Bhd today signed an underwriting agreement with RHB Investment Bank Bhd for its proposed initial public offering (IPO) on the Main Market of Bursa Malaysia. EA managing director Datuk Abdul Hak Md Amin said the signing of the agreement would bring the company a step forward towards listing on Bursa Malaysia. RHB Investment Bank is the company’s principal adviser, underwriter and placement agent for the exercise.
  • Vietnam and Indonesia are targeting to increase two-way trade to US$10 billion by 2018, Vietnam News Agency (VNA) reported. The target was set during a meeting between Vietnamese State President Truong Tan Sang and Indonesian President Joko Widodo on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ meeting in Beijing, Indonesia’s Foreign Ministry said in press release. Statistics from the Foreign Ministry and national statistics office BPS showed annual bilateral trade between the two countries rose 25 percent in the last five years to US$5.12 billion in 2013. wo-way trade in the first eight months of the year stood at US$3.71 billion.Indonesian companies’ investment in Vietnam is still moderate with the largest project in cement production worth US$300 million.
  • Sunway Bhd’s shares rose four sen to RM3.27 as at 9.36 am, with demand boosted by its bullish third quarter results. During the quarter, which came within analysts and consensus expectations, Sunway’s core earnings increased 20 per cent to RM149.3 million compared to the same quarter a year ago.
  • Equity firm Ekuinas has registered an encouraging performance, with the first Ekuinas fund registering a gross portfolio return of RM665.9 million for the financial year ended 2013

STOCK RECOMMENDATION :

  • BUY FELDA GLOBAL ABOVE 3.450 TGT 3.490 , 3.550 SL 3.390

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

19Nov
comex1

Comex Commodity Trading Signals and Market News – 19 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady to weaker in early Asia on Wednesday, taking a breather from gains overnight. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,196.10 a troy ounce, down 0.03%, after hitting an overnight session low of $1,182.80 and off a high of $1,204.10. Overnight, gold prices rose in afternoon trading on Tuesday after an upbeat report on German economic sentiment sent the euro rising over the dollar, often a recipe for rising gold prices.

Crude oil prices eased mildly in early Asia on Wednesday as U.S. industry stocks data painted a bearish picture ahead of more closely watched government data. Data from the industry group, the American Petroleum Institute released late Tuesday, showed that crude supplies rose by 3.7 million barrels last week, while gasoline inventories rose by 519,000 barrels and distillate stocks fell by 3.3 million barrels, according to industry sources.

• Brent, the global benchmark, fell 1.1% to $78.47 a barrel on ICE Futures Europe on Tuesday. Overnight, crude futures moved lower on Tuesday as markets bet that the OPEC oil cartel will leave output unchanged at an upcoming meeting despite months of steady losses due to ongoing supply concerns.

Natural gas futures dropped on Tuesday after investors priced in a blast of cold air trekking across the U.S. and sold on news that milder temperatures will settle in after wards, which should curb demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 1.97% at $4.256 per million British thermal units during U.S. trading. The commodity hit a session low of $4.151, and a high of $4.325. The December contract settled up 7.99% on Monday to end at $4.341 per million British thermal units.

Copper futures edged lower on Tuesday, as mounting concerns over the health of China’s property sector dampened appetite for the red metal. On the Comex division of the New York Mercantile Exchange, copper for December delivery shed 0.8 cents, or 0.26% to trade at $3.032 a pound during European morning hours. A day earlier, copper lost 0.7 cents, or 0.23%, to settle at $3.039 a pound. Futures were likely to find support at $2.985, the low from November 14, and resistance at $3.061, the high from November 17. The National Bureau of Statistics said in a report earlier in the day that home prices in China declined in 69 of 70 cities in October from September.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1195 TGT 1199,1204 SL 1190
  • SELL GOLD BELOW 1188 TGT 1184,1179 SL 1193

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

19Nov
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News – 19 November 2014

TRADING TIPS :

  • Forex-Japanese yen trends weaker ahead of BoJ monetary policy.
  • Forex-Dollar dips as upbeat German sentiment data cools greenback’s rally.
  • Forex-Dollar little changed, focus turns to Fed minutes.

EUR/USD
EUR/USD hit 1.2540 during European morning trade, the session high; the pair subsequently consolidated at 1.2532, climbing 0.63%.The pair was likely to find support at 1.2397, the low of November 14 and resistance at 1.2617, the high of October 31.In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment rose by 15.1 points to a four-month high of 11.5 this month from October’s reading of minus 3.6. Analysts had expected the index to improve by 4.5 points to 0.9 in November.In addition, the index of euro zone economic sentiment increased to 11.0 in October from 4.1 in September, above expectations for an increase to 4.3.

USD/JPY
USD/JPY was up 0.11% at 116.78, up from a session low of 116.35 and off a high of 117.04.The pair was expected to test support at 115.44, Monday’s low, and resistance at 117.06, Monday’s high.Prime Minister Abe called for snap elections to take place next month to seek a fresh mandate for his economic policies, which call for a weaker yen. Furthermore, the prime minister announced plans to delay a planned sales tax hike due to take place next October after an increase in April of this year played a part in plunging Japan into a recession in the third quarter. He also announced a fresh package of tax and spending measures designed to bolster growth in the short term. The announcement came one day after data showed that Japan’s economy unexpectedly contracted by an annualized 1.6% in the third quarter after a 7.3% contraction in the previous quarter, which puts the country in a recession.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2545-TG:1.2565/1.2595 SL 1.2515
2. Sell EUR/USD Below 1.2487-TG:1.2467/1.2437 SL 1.2507

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

19Nov
klse 19 nov

Financial Klse Malaysia Stock Market Trading Picks And News – 19 November 2014

MARKET UPDATES :

  • TSH Resources Bhd’s pre-tax profit for the third quarter ended Sept 30, 2014 fell to RM33.65 million from RM76.11 million in the same period last year. Revenue grew to RM246.95 million from RM220.48 million.In a filing to Bursa Malaysia, the company said for the quarter underreview, its wood product segment achieved a lower revenue of RM12.6 million and higher operating loss mainly due to lower export.
  • Demand for higher quality and comprehensive statistics from both the private and public sectors will rise in view of the changing contours of the global landscape, Bank Negara Malaysia said. Governor Tan Sri Dr Zeti Akhtar Aziz said the increasingly complex global networks had given rise to demand for new sets of data to enhance understanding of the interlink ages and to assess the implications.
  • Great Eastern Takaful Bhd (GETB) has teamed up with Bank Muamalat Malaysia Bhd to maximise its products availability in the market, says its chief executive officer, Zhafri Abdul Halim.Under the bancatakaful distribution agreement, GETB would leverage on Bank Muamalat’s 700,000 customer base to introduce its first family takaful plan, M-Tiara Hajj. The bank would improve its product offerings to the market.
  • Fuel producing companies are encouraged to sell Euro 4 and Euro 5 fuel earlier than the gazetted date, the Dewan Rakyat was told today. Deputy Minister of International Trade and Industry Datuk Hamim Samuri said the National Economic Action Council (NEAC) decided that Euro 4 Ron97 will be made available from September 1, 2015 while Euro 4 RON95 from October 1, 2018. “Euro 5 diesel will be available from September 1, 2020 while Euro 5 RON95 and RON97 will be marketed from September 1, 2025.
  • AirAsia X Bhd was the most active stock this morning, declining three sen to 71.5 sen as at 9.46 am on the back of news that the airline as in greater turbulence due to payment problems. A total of 12.116 million lots changed hands. A news report said problems were related to staff salaries and fixed and variable allowances.
  • Sentry Equipment Corp announced that it has entered into an exclusive representative agreement with Sentry Equipment (SG) PTE. LTD. to better serve the needs of their customers in Southeast Asia and to continue with their geographic expansion plans. Sentry Equipment (SG) will exclusively represent the full Sentry® pipeline integrity and crude oil/gas sampling product lines in Singapore, Malaysia, Thailand, and Myanmar. They will also cover Vietnam and Myanmar, along with our other representatives in those countries.
  • Brent crude fell below US$79 a barrel yesterday after Japan, the world’s fourth-biggest crude importer, slipped into recession and as Saudi Arabia reiterated the oil price should be left to supply and demand. Brent crude was down 73 cents to US$78.68 a barrel at 1455GMT, after dipping as low as US$77.94 earlier in the session .

STOCK RECOMMENDATION :

  • BUY PPB GROUP Bhd ABOVE 15.08 TGT 15.18 ,15.30 SL 15

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

18Nov
gold-bars

Comex Commodity Trading Signals and Market News – 18 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices erased gains on Monday, as a short-covering rally that boosted futures to a two-week high earlier in the session lost momentum. Elsewhere, news that Japan has entered a recession fueled demand for the dollar, which pressured gold prices lower. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.08% at $1,184.60, up from a session low of $1,181.10 and off a high of $1,193.60. The December contract settled up 2.07% at $1,185.60 on Friday.

Crude oil prices traded weaker in Asia on Tuesday ahead of crude oil stock estimates by U.S. industry group the American Petroleum Institute later in the day expected to provide direction ahead of more closely watched government data on wednesday. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $75.48 a barrel, down 0.24%, after hitting an overnight session low of $74.76 a barrel and off a high of $76.14 a barrel.

• January Brent crude on London’s ICE Futures exchange fell $0.49 to $78.92 a barrel on Monday. NYMEX crude lost 3.60% last week and has fallen for seven consecutive weeks, while Brent crude lost 5.43% last week and has been down for eight consecutive weeks.

• U.S. natural gas futures rose for the first time in five sessions on Friday, as a round of short-covering and bargain-buying supported prices. On the New York Mercantile Exchange, natural gas for delivery in December picked up 4.3 cents, or 1.08%, to settle at $4.020 per million British thermal units by close of trade. Futures fell to a session low of $3.931 per million British thermal units earlier in the day, the weakest level since October 31.

Copper futures edged lower on Monday, after data showed that Japan unexpectedly slipped into recession, fuelling concerns over the global economic outlook. On the Comex division of the New York Mercantile Exchange, copper for December delivery shed 1.3 cents, or 0.43% to trade at $3.034 a pound during European morning hours. Futures were likely to find support at $2.985, the low from November 14,and resistance at $3.074, the high from November 4.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1187 TGT 1192,1197 SL 1182
  • SELL GOLD BELOW 1182 TGT 1178,1173 SL 1187

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

18Nov
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News – 18 November 2014

TRADING TIPS :

  • Forex- Australian dollar gains after RBA Nov board minutes released.
  • Forex-Dollar remains supported vs. rivals after U.S. Data.
  • Forex- USD/JPY gains on news that Japan has slid into recession

EUR/USD
EUR/USD was down 0.57% to 1.2455 after Germany’s Bundesbank warned in its monthly report that the outlook for growth in the region’s largest economy was likely to remain weak in the next few months.Earlier Monday, data showed that euro zone exports jumped 9% on a year-over-year basis in September, boosting the trade surplus to 17.7 billion, from 15.4 in August. The surge in exports boosted the outlook for third quarter growth. The Swiss franc has strengthened against the euro in recent sessions ahead of a vote later this month which could force the central bank to increase its gold reserves, a move which could restrict its ability to cap the value of the franc against the euro.

USD/JPY
USD/JPY seven-year highs of 117.06 before retracing some of those gains. The pair was last at 116.45, up 0.16% for the day.Official data on Monday showed that Japan’s gross domestic product contracted by an annualized 1.6% in the third quarter, following a 7.3% drop in the preceding quarter. Economists had forecast growth of 2.3%. The unexpectedly weak data added to gloom over the outlook for the global economy.Separately, Japanese Prime Minister Shinzo Abe was expected to postpone a planned sales tax increase due to come into effect next year after a sales tax hike in April of this year acted as a drag on growth.The prime minister was also expected to call for snap elections which could take place as soon as next month.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2493-TG:1.2513/1.2543 SL 1.2463
2. Sell EUR/USD Below 1.2430-TG:1.2410/1.2380 SL 1.2460

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

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