28Nov

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

 Today’s KLSE Stock Signal

                                 Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index lost 17.02 points or 1.00% on Tuesday. The Finance Index fell 0.20% to 17323.36 points, the Properties Index dropped 0.53% to 907.93 points and the Plantation Index down 1.15% to 6996.4 points. The market traded within a range of 15.94 points between an intra -day high of 1699.09 and a low of 1683.15 during the session.
  • Actively traded stocks include GENM, SANICHI-OR, SAPNRG, HSI-H4W, GENM-C42, JAKS-WR, MYEG, HIBISCS, HSI-C3X and SEACERA. Trading volume increased to 2177.12 mil shares worth RM2610.49 mil as compared to Monday’s 1744.88 mil shares worth RM1410.04 mil.
  • Leading Movers were AXIATA (+5 sen to RM3.50), RHBBANK (+6 sen to RM5.25), CIMB (+2 sen to RM5.70), PETGAS (+6 sen to RM18.80) and HLBANK (+6 sen to RM20.66). Lagging Movers were GENM (-60 sen to RM3.00), GENTING (-52 sen to RM6.38), TM (-7 sen to RM2.25), PMETAL (-11 sen to RM4.76) and NESTLE (-310 sen to RM144.50). Market breadth was negative with 199 gainers as compared to 686 losers.
  • The KLCI closed lower at 1684.97 points despite overnight gained in Us market. The performance of our local bourse was bogged down due to high selling interest heavy weight counters led by Genting Malaysia, Genting and TM.

 Today’s KLSE Stock Signal

28nov5

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27Nov

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Commodity bull Goldman Sachs Group Inc (NYSE:GS). is undaunted by the sell-off in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week’s G-20 meeting in Buenos Aires as a potential turning point. “Given the size of dislocations in commodity pricing relative to fundamentals — with oil now having joined metals in pricing below cost support — we believe commodities offer an extremely attractive entry point for longs in oil, gold and base,” analysts including Jeffrey Currie said in a report.
  • Oil prices rebounded on Monday in Asia after slumping 8% last Friday amid concerns that excess supply and weakening demand pressures could create a glut next year. Crude Oil WTI Futures for January delivery rose 1% to $50.92 a barrel at 12:33 AM ET (05:33 GMT) on the New York Mercantile Exchange, while Brent Oil Futures for February delivery also climbed 1.3% to $59.82 per barrel on London’s Intercontinental Exchange.
  • Saudi Aramco will expand its market share in Asia despite likely OPEC limits on output next year, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals, the head of the world’s top oil producer said on Monday. Amin Nasser, chief executive of the state oil giant, told Reuters that his company would abide by any OPEC agreement to cut crude production in 2019, less than two weeks before the exporter group meets to decide output policy.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Bank of Israel raised its benchmark interest rate to 0.25 percent on Monday, an unexpected move that brought nearly four years of record-low borrowing costs to a close. The bank, in a statement accompanying the rate decision, assessed that borrowing costs would rise in a “gradual and cautious” manner. The shekel gained as much as 0.8 percent against the dollar, extending its daily advance and recouping some of its loss since the last rate decision on Oct. 8.
  • A gradual slowdown in euro zone growth is normal and may be in part temporary, European Central Bank President Mario Draghi said on Monday, arguing that his assessment for inflation has not changed even if growth is weaker than earlier thought. “There is good reason to be confident that underlying inflation will gradually rise in the period ahead,” Draghi said. “Recent developments confirm the Governing Council’s earlier assessments of the medium-term inflation outlook.”
  • Global wage grew by 1.8 percent in 2017, down from 2.4 percent in 2016 and the slowest rate since the global financial crisis in 2008, the International Labour Organization said in its two-yearly Global Wage Report on Monday. “What is now widely recognized is that slow wage growth has become an obstacle to achieving sustainable economic growth,” ILO Director-General Guy Ryder wrote in the report.

COMEX GOLD SIGNAL

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22Nov

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices rose on Wednesday on the back of further speculation that the Federal Reserve may take a less aggressive stance on policy tightening, while tension over trade issues between the U.S. and China continued to provide support for the precious metal. At 9:38 AM ET (14:38 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $6.20, or 0.51%, to $1,227.40 a troy ounce.
  • U.S. President Donald Trump praised Saudi Arabia for helping to lower oil prices on Wednesday as pressure intensified to impose tougher sanctions on the Middle East ally following the murder of dissident Saudi journalist Jamal Khashoggi. In a tweet, Trump thanked Riyadh for the recent drop in oil prices and called for prices to go even lower, likening it to “a big tax cut” that could boost the U.S. and global economies.
  • Russian President Vladimir Putin may meet with Saudi Crown Prince Mohammad bin Salman at the Group of 20 summit next week, the Kremlin said. The talks will come just days before a crucial meeting of OPEC and its allies in Vienna, where Saudi Arabia will be trying to convince Russia to cooperate on curbing crude output next year following oil’s plunge back into a bear market.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • As Prime Minister Theresa May battled to save her draft Brexit deal in the face of resignations from her team and threats of a leadership coup, many believed one man could deal the fatal blow. But he didn’t. Michael Gove, her environment minister and the most prominent Brexit campaigner in the British cabinet, took two days to weigh up his options. During that time he declined May’s offer to be Brexit minister, because she refused to let him renegotiate the deal.
  • The Group of 20 industrialized nations is drafting a communique that will exclude an explicit pledge to fight protectionism, which could help avoid a repetition of friction between U.S. President Donald Trump and world leaders at last year’s summit, the Financial Times reported on Wednesday. The draft communique obtained by the FT calls for countries to keep markets open, preserve multilateral trade, and ensure a level playing field, the newspaper reported. The document could change before the 2018 summit begins in Buenos Aires on Nov. 30, it said.
  • Greece on Wednesday projected its economy would grow by 2.5 percent next year, as it submitted its first post-bailout budget to parliament promising to return a high surplus. Presenting its 2019 budget, vetted and approved by the European Commission, Athens said it would outperform on its primary surplus targets for the fifth year running, returning a surplus of 3.6 percent of economic output. The government also saw the country’s debt at 167.8 percent of GDP next year from 180.4 this year.

GOLD TRADING FORECAST TODAY

 

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21Nov

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

 Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 4.33 points or 0.25% on Monday. The Finance Index increased 0.87% to 17451.35 points, the Properties Index up 1.40% to 925.37 points and the Plantation Index down 0.07% to 7251.27 points. The market traded within a range of 14.46 points between an intra-day high of 1712.97 and a low of 1698.51 during the session.
  • Actively traded stocks include HSI-H4O, TATGIAP, MYEG, OCK, OCK-WA, SEACERA, ORION, A50CHIN-C26, PERMAJU and HSI-C3X. Trading volume decreased to 1584.22 mil shares worth RM1560.79 mil as compared to Friday’s 1849.31 mil shares worth RM1886.59 mil.
  • Leading Movers were PMETAL (+10 sen to RM5.00), PBBANK (+38 sen to RM25.00), IHH (+7 sen to RM4.81), CIMB (+8 sen to RM5.73) and HLFG (+24 sen to RM19.62). Lagging Movers were TM (-12 sen to RM2.26), MAHB (-18 sen to RM7.98), DIALOG (-6 sen to RM3.23), HARTA (-10 sen to RM6.20) and IOICORP (-6 sen to RM4.33). Market breadth was negative with 365 gainers as compared to 428 losers.
  • The KLCI started the week on a positive note, closing higher at 1710.71 points despite last Friday’s overnight mixed performance in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters such as Press Metal, Public Bank and IHH Healthcare.

   Today’s KLSE Stock Signal

21nov6

21nov5

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20Nov

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices slipped on Monday, while the dollar was subdued against its rivals after Federal Reserve officials cautioned on the global economy. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange edged down 0.3% to $1,219.1 a troy ounce by 1:20 AM ET (06:20 GMT). The U.S. dollar index that tracks the greenback against a basket of other currencies edged up 0.08% to 96.4.
  • Oil steadied on Monday, having gained in the previous three sessions from the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the year-end. Brent crude futures were down 6 cents at $66.70 a barrel by 1243 GMT, while U.S. futures were up 3 cents at $56.49. The Organization of the Petroleum Exporting Countries, led by Saudi Arabia, is pushing for the group and its partners to reduce output by 1 million to 1.4 million barrels per day to prevent a build-up of unused fuel.
  • A Southeast Asian nation that was a bit player in the biofuel market is suddenly buying and selling unprecedented supplies. The U.S.-China trade war may have something to do with it. Malaysia has emerged to displace the U.S. as the biggest supplier of ethanol to China in just two months. It’s also the first time the Southeast Asian country is selling such significant volumes to the world’s top consumer.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • India’s central bank concluded a critical day-long board meeting, said a source familiar with the situation. It wasn’t immediately clear whether it had come to any conclusions in a dispute with the government over easing liquidity for the financial sector and increasing credit to small businesses. The government has been pressing the RBI to reduce capital ratios for banks, which would speed up loans to small businesses in remote parts of the country, a crucial vote bank for Prime Minister Narendra Modi. There are five key state elections in the next few weeks and a general election due by May.
  • Macedonia should seize on the prospect of faster EU integration to push ahead with reforms that will enable stronger economic growth, the International Monetary Fund said on Monday. Skopje’s agreement with Athens to change the country’s name to the Republic of North Macedonia is set to unblock its NATO and EU membership bids.
  • A potentially huge shift is underway in the U.S. bond market, underscored by a historic swing in hedge fund positions: investors are beginning to think the U.S. economy is close to peaking and the Fed is near the end of its rate-raising cycle. Speculators on U.S. futures markets slashed their bearish bets on 10-year Treasuries last week by the largest amount since April 2017, and the third largest since the Commodity Futures Trading Commission began compiling data in 1995.

COMEX GOLD SIGNAL

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19Nov

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                           Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 12.17 points or 0.72% on Friday. The Finance Index increased 0.58% to 17301.67 points, the Properties Index up 0.88% to 912.63 points and the Plantation Index rose 0.29% to 7256.64 points. The market traded within a range of 7.04 points between an intra-day high of 1708.96 and a low of 1701.92 during the session.
  • Actively traded stocks include PERMAJU, SAPNRG, MYEG, PUC, HIBISCS, HSI-H4O, HSI-C3X, PRESBHD, NGGB and NGGB-WA. Trading volume decreased to 1849.31 mil shares worth RM1886.59 mil as compared to Thursday’s 1987.50 mil shares worth RM1883.11 mil.
  • Leading Movers were IHH (+14 sen to RM4.74), DIALOG (+9 sen to RM3.29), GENTING (+17 sen to RM6.99), HLFG (+38 sen to RM19.38) and SIME (+4 sen to RM2.40). Lagging Movers were TM (-6 sen to RM2.38), RHBBANK (-3 sen to RM5.17), MAHB (-4 sen to RM8.16), KLCC (-3 sen to RM7.64) and MISC (-1 sen to RM6.59). Market breadth was positive with 450 gainers as compared to 345 losers.
  • The KLCI closed above the psychological level of 1700 points to 1706.38 points despite overnight mixed performance in US market. The performance of our local bourse was lifted by buying interest in heavy counters such as IHH Healthcare, Dialog and Genting.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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16Nov

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • The global grain market needs more U.S. wheat to make up for tightening supply in other major exporting zones, but China will be able to keep shunning U.S. soybeans in its trade tussle with Washington, grain merchants said on Wednesday. U.S. soybean shipments to China have dried up in recent months after Beijing raised tariffs on the most valuable U.S. agricultural export to the country.
  • When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. But Saudi Arabia did not receive advance warning when Trump made a U-turn by offering generous waivers that are keeping more Iranian crude in the market instead of driving exports from Riyadh’s arch-rival down to zero, OPEC and industry sources say.
  • Gold prices inched up while the dollar slipped on Thursday following reports that China delivered a written response to U.S. trade demand, and that the two nations resumed talks earlier this week to diffuse their trade disputes. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange inched up 0.1% at $1,211.8 a troy ounce by 1:00 AM ET (06:00 GMT).

INTERNATIONAL COMEX NEWS

ECONOMY NEWS

  • Israel’s cabinet plans to vote on Sunday on the nomination of Amir Yaron for Bank of Israel governor, the prime minister’s office said on Thursday. Israeli-born Yaron, 54, a professor at the Wharton School of the University of Pennsylvania and who has lived in the United States for two decades, was chosen by Prime Minister Benjamin Netanyahu last month. He would succeed Karnit Flug, whose five-year term concluded earlier this week. Deputy governor Nadine Baudot-Trajtenberg has assumed duties as acting governor.
  • Hungary’s central bank (NBH) is expected to hold interest rates at record lows on Tuesday, but there is a chance it could send a signal about future tightening against a backdrop of robust economic growth and rising inflation. All 15 analysts in a Reuters poll taken from Nov. 8-15 said the bank would keep both its 0.9 percent base rate and its -0.15 percent overnight deposit rate unchanged. The base rate has stood there since May 2016 and the deposit rate since September 2017.
  • Central banks are unlikely to issue digital currencies within the next decade, even in places where the use of cash is declining rapidly, European Central Bank board member Benoit Coeure said on Thursday. “There is broad agreement that a (central bank digital currency), in whatever form, is unlikely to be issued within the next decade, even among those four central banks that have indicated that they have reached the stage of developing a pilot project,” Coeure told a conference in Basel.


16nov7

 

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15Nov

Today’s KLSE Stock Signal & Technical Report

Today's KLSE Stock Signal

                           Today’s KLSE Stock Signal

Today's KLSE Stock Signal

Today's KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index lost 8.57 points or 0.51% on Tuesday. The Finance Index fell 0.12% to 17050.33 points, the Properties Index dropped 1.14% to 891.75 points and the Plantation Index down 0.83% to 7257.65 points. The market traded within a range of 11.82 points between an intra-day high of 1691.91 and a low of 1680.09 during the session
  • Actively traded stocks include SMETRIC, SAPNRG, HIBISCS, HSI-H4O, HSI-H4V, HSI-C3X, MRCB, NGGB-WA, PRESBHD and HUAAN. Trading volume increased to 2038.53 mil shares worth RM1935.10 mil as compared to Monday’s 1633.43 mil shares worth RM1321.46 mil.
  • Leading Movers were HLFG (+38 sen to RM18.70), SIMEPLT (+4 sen to RM5.20), KLCC (+5 sen to RM7.66), PMETAL (+3 sen to RM4.80) and PPB (+2 sen to RM16.90). Lagging Movers were IOICORP (-14 sen to RM4.35), IHH (-13 sen to RM4.54), AXIATA (-7 sen to RM3.45), DIGI (-8 sen to RM4.34) and DIALOG (-5 sen to RM3.27). Market breadth was negative with 323 gainers as compared to 484 losers.
  • The KLCI continued to close lower at 1687.57 points amid overnight losses in US market. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as IOI Corp, IHH Healthcare and Axiata.

Daily KLSE Stock Signal

 

15nov5

Daily KLSE Stock Signal

For More information and daily updated KLSE stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.my or Whatsapp us at +917312580605

 

 

13Nov

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices were little changed on Monday as the dollar traded near 16-month highs and traders awaited U.S. inflation data due later this week. Meanwhile, Federal Reserve Chairman Jerome Powell’s speech on Wednesday would also be closely watched as he discusses national and global economic issues. The Fed indicated earlier this month that it is still on course to hike interest rates in December.
  • The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate. Royal Dutch Shell’s (AS:RDSa) final investment decision (FID) taken last month for a $30 billion LNG Canada project was a shot in the arm for the LNG industry, which is emerging from almost three years of low prices and investment.
  • Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day. Saudi Arabia, the world’s largest oil exporter, said on Sunday it would cut its shipments by half a million barrels per day in December due to seasonal lower demand.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Emerging markets are already contending with U.S.-China trade tensions, policy tightening in developed countries, and a resurgent dollar. Higher oil prices are exactly what they don’t need right now. But that’s what they may get as the year draws to an end. With crude oil in a bear market, Saudi Arabia said OPEC and its allies should reverse about half the increase in output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices. Oil futures in New York climbed as much as 1.6 percent.
  • Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom toward a potentially chaotic “no-deal” Brexit. In a sign that Brexit talks could go down to the wire, EU sources said they want clarity from London by the end of Wednesday at the latest if there is to be a summit this month to approve a Brexit deal.
  • China will further open its economy in the face of rising protectionism, Premier Li Keqiang said as he arrived in Singapore on Monday for meetings with Asia-Pacific leaders that will focus on speeding up work on a major new trade pact. Li’s remarks in an article in Singapore’s Straits Times newspaper came as Singapore’s Prime Minister Lee Hsien Loong called for more regional integration, saying multilateralism was under threat from political pressures.

13nov5

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12Nov

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Oil isn’t the only commodity getting hammered these days. Gold’s key support of $1,200 could also be under attack, with investors seeing little upside for the yellow metal amid the string of U.S. rate hikes forecast. U.S. producer price index (PPI) data for October, released on Friday, showed an increase of 0.6% vs expectations for 0.2%. That was an endorsement of sorts for the Federal Reserve to raise rates again in December, the fourth time it would be doing so this year.
  •  The oil bears vs. OPEC showdown is coming down to the wire. And across crude markets the question almost everyone seems to be asking is: can oil prices go any lower? On Friday, the world’s leading crude benchmarks fell below key support levels they’ve held for the past seven months at least. U.S. West Texas Intermediate fell under the $60 per barrel support it had maintained since March and and U.K. Brent fell below the $70 level it had latched on to since April.
  • China National Aviation Fuel Group on Saturday launched the country’s first aviation fuel consumption index aimed at providing a fresh gauge for the regional and national economic health of the world’s second-largest economy. After stellar growth for decades, China, the world’s second largest consumer after the United States, is seeing its aviation fuel demand growth slipping in the last few years as the economy expands less rapidly and more people travel by high speed rail.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • China’s premier said loans to small firms should not be “willfully withdrawn,” and China should help small firms tackle their liquidity difficulties, the official Xinhua news agency reported late on Friday. His comments are the latest from China’s leadership about efforts to prop up small and medium enterprises (SMEs), which are flailing in the face of a wider clampdown on riskier credit, a slowdown in economic growth and the escalating trade war between the United States and China.
  • White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal. “When these unpaid foreign agents engage in this kind of diplomacy, socalled diplomacy, all they do is weaken this president and his negotiating position,” Navarro said at the Center for Strategic and International Studies in Washington.
  • “As part of a Chinese government influence operation, these globalist billionaires are putting a full-court press on the White House in advance of the G-20 in Argentina,” Navarro said in a speech at the Center for Strategic and International Studies in Washington on Friday. Their mission is to “pressure this president into some kind of deal” but instead they’re weakening his negotiating position and “no good can come of this.”

GOLD TRADING FORECAST TODAY

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