14Aug
klse 14 aug 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 14th August 2014

MARKET UPDATES :

  • The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts ended untraded yesterday.Both August 2014 and September 2014 stayed flat at 96.35 while October 2014 and December 2014 stood at 96.30 and 96.25, respectively.
  • Petroliam Nasional Bhd’s (Petronas) net profit inched up to RM39.81 billion in the first six months of this year from RM35.63 billion a year ago.Its revenue rose 12 per cent to RM169.40 billion from RM151.10 billion in the same period last year.
  • AmResearch keeps its ‘buy’ call on Sime Darby Bhd on closing another chapter on Bakun hydroelectric project in Sarawak.”Sime Darby has inked a supplemental deal to the original joint venture agreement dated June 12, 2002 with all its joint venture partners in the construction of the Bakun hydroelectric project in Sarawak.

STOCK RECOMMENDATION :

  • BUY TENAGA NASIONAL ABOVE 12.220 TG 12.320, 12.440, 12.580 SL 12.100

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

 

13Aug
forex-trading-tips

IForex Market Trading Signals and News of 13th August 2014

TRADING TIPS :

  • Forex – Dollar gains as euro nears 9-month lows
  • Forex – Bitcoin extends sell-off after U.S. agency warns of risks
  • Forex – Euro extends losses after German ZEW miss

USD/CHF
USD/CHF hit 0.9101 during European late morning trade, the pair’s highest since August 7; the pair subsequently consolidated at 0.9097, rising 0.33%.The pair was likely to find support at 0.9056, Monday’s low and resistance at 0.9156.Risk sentiment was hit after Iraq on Monday named Haidar al-Abadi as the new prime minister to end the eight-year rule of Nuri al-Maliki, but Maliki has refused to go and deployed special forces in Baghdad. In Ukraine, a Russian convoy of 280 trucks carrying humanitarian aid set off on Tuesday amid Western warnings against using help as a pretext for an invasion.The Swissie was steady against the euro, with EUR/CHF inching up 0.05% to 1.2141.

GBP/USD
GBP/USD hit 1.6757 during European morning trade, the pair’s lowest since June 11; the pair subsequently consolidated at 1.6768, slipping 0.10%.Cable was likely to find support at 1.6739, the low of June 11 and resistance at 1.6831, the high of August 8.Investors remained cautious after Iraq on Monday named Haidar al-Abadi as the new prime minister to end the eight-year rule of Nuri al-Maliki, but Maliki has refused to go and deployed special forces in Baghdad. In Ukraine, a Russian convoy of 280 trucks carrying humanitarian aid set off on Tuesday amid Western warnings against using help as a pretext for an invasion.Sterling was higher against the euro, with EUR/GBP falling 0.21% to 0.7957.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9135: TG: 0.9150/0.9170 SL 0.9115
2. Sell USD/CHF Below 0.9076 TG: 0.9061/0.9041 SL 0.9196

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

13Aug
gold-bars

Comex Commodity Trading Signals and Market News – 13th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased slightly in Asia on Wednesday as investors awaited fresh cues on European growth prospects and geopolitical tensions. On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at $1,310.00 a troy ounce, down 0.05%, after hitting an overnight session low of $1,306.90 and off a high of $1,318.90.Overnight, gold prices rose albeit in choppy trading after data out of Germany suggested the Russia-Ukraine conflict may be watering down global recovery, which bolstered the precious metal’s safe-haven appeal.

Crude oil prices fell in Asia Wednesday after an industry group said U.S. crude stocks rose last week. The American Petroleum Institute reported that U.S. crude stocks rose by 2 million barrels, while distilaltes fell 2.6 million barrels and gasoline supplies gained 2.7 million barrels. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded at $97.22 a barrel, down 0.15%, after hitting an overnight session low of $96.87 a barrel and a high of $97.94 a barrel.

Natural gas futures rose on Tuesday as investors bet a heat wave making its way across the eastern U.S. will prompt households to ramp up their air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $4.002 per million British thermal units during U.S. trading, up 0.92%. The commodity hit a session low of $3.960, and a high of $4.020.

Brent oil futures sank to a nine-month low on Tuesday, as global supplies were seen as ample despite ongoing violence in Ukraine and Iraq. On the ICE Futures Exchange in London, Brent oil for September delivery tumbled 1.01%, or $1.06, to trade at $103.62 a barrel during U.S. morning hours.

Copper futures fell to a seven-week low before turning higher on Tuesday, as investors were cautious ahead of key economic data out of China, while geopolitical developments in Ukraine, Iraq and Gaza remained in focus. On the Comex division of the New York Mercantile Exchange, copper for September delivery tacked on 0.28%, or 0.9 cents, to trade at $3.183 a pound during European morning hours.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1312 TG 1318,1328 SL 1302
  • SELL GOLD BELOW 1304 TG 1294,1284 SL 1314

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

12Aug
comex1

Comex Commodity Trading Signals and Market News – 12th August 2014

INTERNATIONAL COMMODITY NEWS :

• U.S. natural gas futures rallied more than 2% on Friday, as weather patterns called for warmer summer temperatures across much of the U.S. later this week. On the New York Mercantile Exchange, natural gas for delivery in September hit a daily high of $3.975 per million British thermal units, before settling at $3.962 by close of trade, up 2.22%, or 8.6 cents. Demand for natural gas tends to fluctuate in the summer based on hot weather and air conditioning use.

Crude oil futures swung between small gains and losses on Monday, as traders awaited new developments from Ukraine and the Middle East. On the ICE Futures Exchange in London, Brent oil for October delivery dipped 0.09%, or 10 cents, to trade at $105.53 a barrel during European morning hours Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in September inched up 0.09%, or 9 cents, to trade at $97.74 a barrel.Fighting between Ukraine security forces and pro-Russia rebels continued in eastern Ukraine over the weekend, as Ukraine dismissed the insurgents’ offer of a ceasefire.

Copper futures edged higher on Monday, as investors digested Chinese inflation data released over the weekend. On the Comex division of the New York Mercantile Exchange, copper for September delivery tacked on 0.18%, or 0.6 cents, to trade at $3.179 a pound during European morning hours. Copper prices have been on a downward trend in recent sessions amid indications of a slowdown in demand from China, the world’s largest consumer of the red metal. Official trade data released Friday showed that China’s copper arrivals fell 2.9% month-on-month in July, declining for a third straight month.

Gold futures edged modestly lower on Monday, as market players continued to monitor geopolitical developments from Ukraine and the Middle East. On the Comex division of the New York Mercantile Exchange, gold for December delivery dipped 0.15%, or $2.00, to trade at $1,309.00 a troy ounce during European morning hours. Gold prices eased in Asia on Monday on profit taking, but remain well supported on prospects for volatility linked to events in the Middle East and Russia. On the Comex division of the New York Mercantile Exchange, gold for December delivery eased to $1,309.70 a troy ounce, down 0.10%, after settling last week at $1,311.00 by close of trade, down 0.11%, or $1.50.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1314 TG 1320,1330 SL 1304
  • SELL GOLD BELOW 1304 TG 1298,1288 SL 1313

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

12Aug
forex-market-hours

IForex Market Trading Signals and News of 12th August 2014

TRADING TIPS :

  • Forex – Dollar edges higher vs. yen as geopolitical tensions ease
  • Forex – NZD/USD steady, market sentiment recovers
  • Forex – Bitcoin holds steady in lackluster trade

USD/CHF
USD/CHF hit 0.9066 during European late morning trade, the session high; the pair subsequently consolidated 0.9062, adding 0.10%.The pair was likely to find support at 0.9018, the low of July 25 and resistance at 0.9098, the high of August 8.Official data showed that Swiss retail sales rose 3.4% in June compared to a year earlier, beating expectations for a 0.3% gain. May’s figure was revised to a 0.5% fall from a previously estimated 0.6% decline. Market sentiment improved on Monday following reports Russia ended military exercises it was holding close to the border with Ukraine, but investors were continuing to monitor developments in the region closely.

GBP/USD
GBP/USD hit 1.6795 during European morning trade, the session high; the pair subsequently consolidated at 1.6792,edging up 0.11%.Cable was likely to find support at 1.6739, the low of June 11 and resistance at 1.6831, Friday’s high. Market sentiment improved on Monday following reports Russia ended military exercises it was holding close to the border with Ukraine, but investors were continuing to monitor developments in the region closely.News of a fresh 72-hour ceasefire between Israel and Hamas in Gaza which came into effect on Sunday also eased concerns over geopolitical instability in the Middle East. Separately,demand for the safe-haven dollar had weakened on Friday after the U.S. launched airstrikes in Iraq.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9080: TG: 0.9095/0.9115 SL 0.9060
2. Sell USD/CHF Below 0.9008 TG: 0.8993/0.8973 SL 0.9028

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

12Aug
klse 12 Aug 2014

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

MARKET UPDATES :

  • Share prices on Bursa Malaysia closed broadly higher today in line with most regional markets on a technical rebound as the easing of tensions in Ukraine helped boost investors’ appetite.
  • Alliance Financial Group Bhd’s pre-tax profit fell to RM173.31 million for its first quarter ended June 30, 2014, from the RM183.95 million reported in the same period last year. The ringgit closed sharply higher against the US dollar today on stronger buying interest due to better industrial output in June.
  • Mah Sing Group Bhd has acquired 388.50 hectares of land south of Klang Valley in Seremban for RM359.60 million to embark on its biggest freehold township development.The company said the land was strategically located south of its Southville City along the North-South Highway with a 2.5 kilometer frontage along the highway.

STOCK RECOMMENDATION :

  • BUY UMS HOLDING ABOVE 2.060 TG 2.100,2.140,2.200 SL 2.000

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

11Aug
comex1

Comex Commodity Trading Signals and Market News – 11th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell on Friday after reports that Russia was standing down on the border with Ukraine coupled with news that the U.S. has launched airstrikes in Iraq to halt a Sunni insurgency there chipped away at the yellow metal’s safe-haven appeal. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,310.70 a troy ounce during U.S. trading, down 0.14%, up from a session low of $1,307.60 and off a high of $1,324.10. The December contract settled up 0.33% at $1,312.50 on Thursday.

Crude prices came off earlier highs on Friday after markets bet that U.S. airstrikes against Sunni insurgents in Iraq will halt the advance and buffer the country’s large oilfields in the south. The September contract settled up 0.43% at $97.34 a barrel on Thursday.

Natural gas futures traded near session highs on Friday after updated weather-forecasting models predicted a heat wave to trekk across the eastern U.S. in the coming days, which should hike demand for air conditioning. On the New York Mercantile Exchange, naturalgas futures for delivery in September traded at $3.957 per million British thermal units during U.S. trading, up 2.08%. The commodity hit a session low of $3.874, and a high of $3.960. The September contract settled down 1.45% on Thursday to end at $3.876 per million British thermal units.

Gold futures rose to three-week highs on Friday, as mounting geopolitical tensions in Iraq and Ukraine further boosted safe- haven demand. On the Comex division of the New York Mercantile Exchange, goldfor December delivery traded at $1,321.10 a troy ounce during European morning trade, gaining 0.66%.The December contract settled 0.33% higher on Thursday to end at $1,312.5 a troy ounce.

Crude oil futures rose on Friday, as geopolitical tensions in Iraq fuelled speculation over potential supply disruptions in the region. Oil prices gained ground after U.S. President Barack Obama on Thursday authorized air strikes in Iraq to put an end to an onslaught by Islamic militants and begun military air-drops of humanitarian supplies to besieged religious minorities to prevent a “potential act of genocide”.

TRADING STRATEGY :

  • BUY COMEX GOLD ABOVE 1322 TG 1332,1352 SL 1306
  • SELL COMEX GOLD BELOW 1300 TG 1290,1270 SL 1315

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

11Aug
forex-trading-tips

IForex Market Trading Signals and News of 11th August 2014

TRADING TIPS :

  • Forex -Dollar falls on European data, geopolitical concerns
  • Forex -CFTC – week ending August 5: speculators more bearish on Euro, Yen
  • Forex -Dollar rises on jobless claims, though geopolitical woes dampen gains

USD/JPY
USD/JPY hit 101.60 during late Asian trade, the pair’s lowest since July 24; the pair subsequently consolidated at 101.73, shedding 0.35%.The pair was likely to find support at 101.42, the low of July 24 and resistance at 102.15, the session high.The greenback strengthened broadly this week after a series of upbeat U.S. economic reports sparked fresh speculation over the timing of a rate cut by the Federal Reserve.On Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 2 decreased by 14,000 to 289,000 from the previous week’s total of 303,000.

GBP/USD
In U.S. trading on Thursday, GBP/USD was trading down 0.08% at 1.6842 up from a session low of 1.6824 and off a high of 1.6864.Cable was likely to find support at 1.6822, Wednesday’s low, and resistance at 1.6888, Tuesday’s high. The U.S. Department of Labor reported earlier that the number of individuals filing for initial jobless benefits in the week ending Aug. 2 fell by 14,000 to 289,000 from the previous week’s total of 303,000. Analysts had expected jobless claims to rise by 2,000 to 305,000 last week, and the numbers fueled already growing market expectations for the Federal Reserve to close its monthly bond-buying stimulus program in October and begin hiking interest rates afterwards in 2015.

RECOMMENDATION :

1. Buy USD/JPY Above 102.18: TG: 102.33/102.53 SL 102.03
2. Sell USD/JPY Below 101.45 TG: 101.30/101.10 SL 101.65

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

11Aug
klse 11 aug 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 11th August 2014

MARKET UPDATES :

  • Trading in the shares of Malaysia Airline System Bhd (MAS) has been suspended until 5 pm today pending a company announcement.
  • Malaysian Airline System Bhd (MAS) has received notice of Khazanah Nasional Bhd’s intentions to take full ownership and de-list the airlines from Bursa Malaysia.”Our board of directors will be deliberating this proposal and an official response from the company will be issued later.
  • The Kuala Lumpur Tin Market (KLTM) rose US$20 a tonne to close at US$22,400 a tonne today in tandem with the rise on the London Metal Exchange (LME), a dealer said. LME tin price increased US$125 to US$22,405 a tonne.
  • The ringgit rebounded to close higher against the US dollar yesterday as the local note received some support from investors, a dealer said. the ringgit was quoted at 3.2060/2090 against the greenback from Thursday’s close of 3.2070/2090.

STOCK RECOMMENDATION :

  • BUY TIPCO ASPHALT ABOVE 70.500 TG 70.800,71.200 SL 70.300

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

8Aug
comex1

Comex Commodity Trading Signals and Market News – 08th August 2014

INTERNATIONAL COMMODITY NEWS :

• Gold futures edged higher on Tuesday, but remained below the key $1,300-level, as prospects of an interest rate hike in the U.S. held gains in check. On the Comex division of the New York Mercantile Exchange, gold for December delivery tacked on 0.29%, or $3.80, to trade at $1,292.70 a troy ounce during European morning hours. Prices held in a narrow range between $1,288.30 and $1,293.50. Gold ended Monday’s session down 0.46%, or $5.90, to settle at $1,288.90 an ounce. Futures were likely to find support at $1,281.00, the low from August 1 and resistance at $1,314.60, the high from July 29.

• Copper futures declined on Tuesday, after data showed that China’s services sector grew at its slowest pace in nearly nine years in July. On the Comex division of the New York Mercantile Exchange, copper for September delivery dipped 0.16%, or 0.5 cents, to trade at $3.239 a pound during European morning hours. Prices held in a narrow range between $3.236 and $3.249 a pound. Copper ended Monday’s session up 0.92%, or 2.9 cents, to settle at $3.244.Futures were likely to find support at $3.199, the low from August 4 and resistance at $3.262, the high from July 30.

• Gold prices fell on Monday after investors ditched safe-haven positions in the yellow metal and went long on U.S. stocks due to earnings and jobs data. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,288.60 a troy ounce during U.S. trading, down 0.48%, up from a session low of $1,287.10 and off a high of $1,296.40. The December contract settled up 0.94% at $1,294.80 on Friday.Futures were likely to find support at $1,281.00 a troy ounce, Friday’s low, and resistance at $1,314.60, last Tuesday’s high.U.S. stocks rose on Monday after legendary investor Warren Buffett’s company Berkshire Hathaway beat expectations, which cut into the need for safe-haven gold positions.

• n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 1.12% at $97.19 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.04 a barrel and a high of $98.67 a barrel. The September contract settled up 0.42% at $98.29 a barrel on Friday.Nymex oil futures were likely to find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, the high from July 28.Despite data suggesting the U.S. economy is improving, growing concerns that the global economy is not gaining enough steam to make a dent in ample crude supplies sent the commodity tumbling on Tuesday, offsetting otherwise bullish pressures in the U.S. and in Eastern Europe.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1321 TG 1327 1337 SL 1311
  • SELL GOLD COMEX BELOW 1311 TG 1305,1295 SL 1221

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

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