13Mar

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 went the opposite direction from major Asian markets as it extended its rebound for a second day.CIMB and Axiata led the morning advance, with the two heavyweights adding more than 2.5 points to the index in total.At 12.30pm, the FBM KLCI was up 4.38 points to 1,675.66 on an active trading day, which saw RM2.21 billion shares exchanging hands for RM1.11bil.There were 421 decliners versus 322 advancers and 347 counters unchanged.Axiata, which had slid for three straights days, finally halted its decline and rebounded 11 sen to RM4.17.CIMB grew eight sen to RM5.45, which returns it to last Thursday’s levels, before the Friday’s selloff in global equities.Another KLCI heavyweight on the rise was Public Bank, gaining 10 sen to RM24.50 while KL Kepong added 20 sen to RM25.Stocks seeing the most trading action were Sapura Energy adding 1.5 sen to 34 sen, Perdana Petroleum gaining 10 sen to 40 sen and KNM adding one sen to 11.5 sen.
  • On the regional scene, stock indices came under pressure as the global rebound came to a halt and worries over a no-deal Brexit gripped markets.

    The Shanghai Composite Index was 0.4% lower while the blue chip CSI 300 dropped 0.5%.

    Hong Kong’s Hang Seng slid 0.6% while Japan’s Nikkei was the biggest loser with a 1.2% fall. South Korea’s Kospi followed with a 0.8% slide.

    Oil prices fared better than equities as planned cuts to Saudi exports and reduced forecast for US crude output boosted sentiment.

    US crude rose 30 cents to US$57.17 a barrel and Brent crude grew 21 cents to US$66.88 a barrel.

    In currencies, the ringgit slid 0.2% against the US dollar to 4.09110 and 0.% against the Singapore dollar at 3.0155.

    It rose 0.8% against the pound sterling at 5.3551 following UK lawmakers’ rejection of Prime Minister Theresa May’s EU exit plan last night.

 

  • The restriction on bauxite mining activity will only be withdrawn once all parties adhere to standard operating procedure, Malaysia’s Ministry of Water, Land and Natural Resources says in statement.

* Malaysia may not necessarily allow bauxite mining activity to resume once current moratorium ends on March 31

* Govt will hold public hearing on the matter on April 14

* Govt won’t issue new export licenses unless miners fulfill all the stated requirements

* Miners can’t do any mining and exporting before completing environmental impact assessment, which would take at least 6 months

Today’s KLSE Stock Signal

 

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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11Mar

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Metal traders will continue to monitor gyrations in the U.S. dollar this week after gold prices rose almost 1% on Friday as a weak U.S. employment report sent the greenback lower and clouded the outlook for the global economy. Markets will get the latest reading on U.S. retail sales on Monday, which are expected to show another decline in January after an unexpected drop at the end of 2018.
  • The Labor Department reported a 20,000-job increase in nonfarm payrolls last month, far fewer than the consensus forecast of 180,000. But traders were encouraged by the unemployment rate falling back below 4% and average hourly earnings accelerating by 0.4%. The U.S. dollar index that tracks the dollar against a basket of six currencies was down 0.36% at 97.314 in late trade.
  • Oil prices rose on Monday, lifted by Saudi oil minister Khalid al-Falih saying an end to OPEC-led supply cuts was unlikely before June and a report of falling U.S. drilling activity. Despite this, markets were somewhat held back after U.S. employment data raised concerns that an economic slowdown in Asia and Europe was spilling into the United States, where growth has so far still been healthy. U.S.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Australia’s corporate watchdog rebuked the country’s biggest banks and financial services firms on Monday for delays fixing internal systems that resulted in customers paying fees for services they had not received. The Australian Securities and Investments Commission (ASIC) said it had been supervising the four biggest banks – Commonwealth Bank of Australia, Westpac Banking Corp, Australia and New Zealand Banking Group Ltd and National Australia Bank Ltd – plus investment bank Macquarie Group Ltd and wealth manager AMP Ltd, as they reviewed the systems which led to wrongful fee charging.
  •  President Donald Trump will propose in his fiscal 2020 budget on Monday that the U.S. Congress cut non-defense spending by 5 percent while boosting spending on the military, veterans’ healthcare and border security, the White House budget office said on Sunday. The Republican president’s proposal, slated for release at 11:30 a.m. (1530 GMT) on the Office of Management and Budget’s website, is expected to be the first volley in this year’s bitter funding fight with Congress, which has control over federal purse strings.
  • The tycoon at the center of a decades-old French legal battle that has dragged politicians and business leaders in its wake goes on trial on Monday accused of fraud. Bernard Tapie, the larger-than-life businessman and one-time chairman of Olympique Marseille football club, is embroiled in a fight over a fraught 1993 corporate deal and the compensation he won from the state 15 years later. She was convicted of negligence but escaped fines or jail time.

COMEX GOLD SIGNAL

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7Mar

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 1.20 points or 0.07% on Wednesday. The Finance Index fell 0.42% to 17557.36 points, the Properties Index up 1.40% to 918.78 points and the Plantation Index rose 0.61% to 7317.01 points. The market traded within a range of 4.25 points between an intra-day high of 1688.33 and a low of 1684.08 during the session.
  • Actively traded stocks include MYEG, SAPNRG, VELESTO, VS, SAPNRG-WA, SEACERA, DAYANG, BARAKAH, ZELAN and ARMADA. Trading volume increased to 3163.23 mil shares worth RM2530.54 mil as compared to Tuesday’s 2579.98 mil shares worth RM2111.76 mil.
  • Leading Movers were PMETAL (+12 sen to RM4.43), DIALOG (+4 sen to RM3.20), PETCHEM (+11 sen to RM9.30), PETDAG (+28 sen to RM26.68) and SIME (+2 sen to RM2.17). Lagging Movers were RHBBANK (-17 sen to RM5.54), MAHB (-12 sen to RM7.87), CIMB (-7 sen to RM5.52), HARTA (-4 sen to RM4.93) and IHH (-4 sen to RM5.84). Market breadth was positive with 532 gainers as compared to 328 losers.
  • The KLCI closed flat with 1.20 points higher at 1686.82 points despite overnight losses in US market. Market sentiment was muted as lack of fresh lead.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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6Mar

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 seems to depend, at least for now, on one factor: China. Prices of the yellow metal remained in negative territory for a seventh straight session on Tuesday. The dip, however, was modest as buying emerged at the lower level on news that China had targeted slower growth for 2019 amid its unresolved trade war with the United States. Gold futures for April delivery settled down $2.80 at $1,284.70 per ounce on the Comex division of the New York Mercantile Exchange.
  • Malaysia will present legal and technical arguments this week against an EU plan to limit the use of palm oil, the head of the country’s marketing agency said on Tuesday, opposing a move that could lead to an eventual ban on the edible oil. The European Commission last month said the use of palm oil in motor fuel should be phased out because oil palm cultivation led to deforestation.
  • Oil prices fell nearly 1 percent on Wednesday as bullish output forecasts by two big U.S. producers and a build in U.S. crude stockpiles outweighed ongoing OPEC-led efforts to rein in crude production. International Brent futures were down 55 cents, or 0.8 percent, at $65.31 a barrel at 0209 GMT. U.S. West Texas Intermediate (WTI) crude futures were at $56.05 per barrel, down 51 cents, or 0.9 percent.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Britain’s 800-year-old parliament has a big decision to make, and little time to make it. After months of drama and delay, the country’s fate could be decided next week in a series of Brexit votes in which lawmakers must choose one of two wood-panelled corridors to shuffle down inside the neo-gothic Westminster palace. Each vote, known as a division, takes about 15 minutes. If it takes too long, the Serjeant-at-Arms, dressed in shiny black shoes, knee-high socks and a long woollen suit, will be sent bearing a ceremonial sword to investigate.
  • Bank of Japan board member Yutaka Harada said on Wednesday the central bank must ramp up stimulus without delay if risks to the economy threaten achievement of its inflation target. Harada, a vocal advocate of aggressive monetary easing, said Japan’s economy was facing growing risks, including from slowing demand in China, simmering trade tensions, volatile stock price moves and weak private consumption.
  • Britain’s scheduled departure from the European Union on March 29 will be delayed by a few months, a Reuters poll found, and a majority of economists say the two sides will eventually agree a free-trade deal. Prime Minister Theresa May is seeking to rework the Brexit deal she agreed with EU leaders and has raised the possibility of a delay of the departure date until June. All but three of 54 economists who answered an extra question in the Feb. 28-March 5 poll said the more than four-decade marriage between Britain and the EU would not be dissolved in a little over three weeks time as planned.

GOLD TRADING FORECAST TODAY

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5Mar

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 6.77 points or 0.40% on Monday. The Finance Index fell 0.04% to 17722.22 points, the Properties Index dropped 0.07% to 910.03 points and the Plantation Index down 0.11% to 7266 points. The market traded within a range of 10.65 points between an intraday high of 1698.87 and a low of 1688.22 during the session.
  • Actively traded stocks include DAYA, SAPNRG, ARMADA, DAYANG, IWCITY, PERDANA, VS, HSIC3W, SAPNRG-WA and CARIMIN. Trading volume increased to 3140.80 mil shares worth RM2157.73 mil as compared to Friday’s 2901.03 mil shares worth RM2345.07 mil.
  • Leading Movers were PMETAL (+8 sen to RM4.28), RHBBANK (+6 sen to RM5.75), DIALOG (+2 sen to RM3.20), DIGI (+2 sen to RM4.58) and HLFG (+4 sen to RM19.60). Lagging Movers were PETDAG (-50 sen to RM26.20), SIME (-4 sen to RM2.14), GENTING (-11 sen to RM7.13), MAXIS (-8 sen to RM5.31) and GENM (-4 sen to RM3.40). Market breadth was negative with 426 gainers as compared to 448 losers.
  • The KLCI started the week on a negative note, closing lower at 1693.99 points despite overnight gain in US markets.. The performance of our local bourse was bogged down by selling interest in heavy weight counters such Press Metal, RHB Bank and Dialog Group.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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1Mar

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and a global economic slowdown prevented crude from climbing further. U.S. West Texas Intermediate (WTI) crude oil futures were at $57.45 per barrel at 0116 GMT, up 23 cents, or 0.4 percent, from their last settlement. International Brent crude futures were at $66.55 per barrel, up 24 cents, or 0.4 percent.
  • The United States on Thursday laid out objectives for a trade deal with the United Kingdom that would ensure fair and balanced trade, cut tariff and non-tariff barriers for U.S. industrial and agricultural goods and reduce regulatory differences. The negotiating objectives, required by Congress under the “fast-track trade negotiating authority law, will seek to boost trade between the countries by eliminating tariff and non-tariff barriers,” the U.S. Trade Representative’s office said.
  • India’s diesel consumption may rise to a record this year on increasing infrastructure spending by the current government as it tries to hold off challengers in general elections that will be held over April and May. Surging diesel consumption in India, the world’s third-largest oil user, underscores the country’s importance as a driver of global oil demand. Amid increasing concerns that crude demand growth may slip in 2019 because of slowing economic growth, India’s burgeoning fuel consumption may help underpin oil and fuel prices.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • A rise in productivity last year gives more room for wages to grow without the risk of higher inflation, Federal Reserve Chairman Jerome Powell said on Thursday, offering another reason why the U.S. central bank can hold off on further rate increases. “Signs of upward pressure on inflation appear muted despite the strong labor market,” with unemployment at 4 percent and wage increases picking up of late, Powell said in remarks prepared for delivery at the Citizens Budget Commission in New York.
  • China on Friday said it regretted a lack of support from experts after the United States won a World Trade Organization (WTO) ruling on China’s wheat and rice subsidies. The Ministry of Commerce said in a statement that government support for the agriculture sector was allowed under WTO rules and was a common practice among countries. China will continue to promote development of the sector in line with WTO rules and safeguard the stability of the multi-lateral trade system, it added.
  • Faced with a serious slowdown in euro zone economic growth, the European Central Bank is set to delay hiking interest rates from record lows until next year and will soon re-launch its offer of long-term loans to banks, a Reuters poll found. But over 60 percent of economists said there would be no change to rate guidance at its March 7 policy meeting or any official announcement yet of long-term loans.

COMEX GOLD SIGNAL

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28Feb

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

  • Venezuelan opposition leader Juan Guaido was to arrive in Brazil on Wednesday night to meet with Brazilian President Jair Bolsonaro as part of a tour of several nations to drum up international pressure on President Nicolas Maduro to step down. Guaido last month invoked constitutional provisions to assume an interim presidency, arguing Maduro’s re- election was fraudulent.
  • Oil prices dipped on Thursday, dragged down by China’s weakening economy and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC. International Brent crude futures were at $66.23 per barrel at 0129 GMT, down 16 cents, or 0.2 percent from their last close. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.90 per barrel, down 4 cents from their last settlement.
  • The range-bound, tight moves in gold may be reaching an inflection point with the U.S. saying that reaching a trade deal with China isn’t going to be easy. Investors have been using gold as a hedge toward the U.S.-China trade negotiations, extending the yellow metal’s safe-haven play. Gold did not rise as expected on Wednesday as Wall Street’s main indexes fell on U.S. trade representative Robert Lighthizer’s admission that issues with China were “too serious” to be resolved by promises of more purchases of U.S. goods by Beijing.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Bank of Japan board member Hitoshi Suzuki said on Thursday the country’s financial institutions could see their profits hurt by rising credit costs if the economy slips into recession. “Japan’s banking system remains stable. But we must continue to scrutinize how financial institutions, including regional ones, are doing business and what risks they are taking,” Suzuki said in a speech to business leaders in Mito, eastern Japan.
  • Japan’s factory output posted the biggest decline in a year in January in a sign slowing Chinese demand and the Sino- U.S. trade war were taking a toll on the country’s manufacturing sector, a major driver of economic growth. The 3.7 percent fall in output, which closely tracks broader economic growth, was bigger than the median market forecast for a 2.5 percent drop and marked the third straight month of contraction, the data showed on Thursday.
  • Mexico’s central bank on Wednesday trimmed its economic growth forecasts for this year and next, while flagging the risk of a sovereign ratings downgrade and warning of persistent inflationary pressures. In a quarterly report, the bank lowered its Mexican growth forecast to between 1.1 percent-2.1 percent for full-year 2019 and 1.7 percent to 2.7 percent for 2020, echoing increasing skepticism among private sector economists on the economic outlook. The bank had previously forecast growth of between 1.7 percent-2.7 percent for 2019, and 2.0 percent-3.0 percent for 2020.

GOLD TRADING FORECAST TODAY

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27Feb

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

  • Key Asian markets including Bursa Malaysia closed lower on Tuesday as investors locked in gains after the previous day’s surge.At 5pm, the KLCI was down 5.58 points or 0.32% to 1,719. Turnover was 2.64 billion shares valued at RM2.20bil. The broader market weakened with decliners beating advancers about two to one or 674 losers to 285 gainers and 294 counters unchanged.
  • Chinese stocks fell in heavy volume as some investors took profits on heavyweight financial shares, betting the market’s recent spectacular surge is unsustainable. The CSI300 index fell 1.2% while the Shanghai Composite Index fell 0.7%, Reuters reported.Hong Kong stocks closed lower, tracking a correction in Asian markets, as investors waited to see if Washington and Beijing can clinch a trade deal. The Hang Seng index fell 0.7% while the China Enterprises Index lost 0.8%.
  • The ringgit weakened against the US dollar, down 0.12% to 4.0718; it weakened 0.62% to the pound sterling to 5.3503, lost 0.15% against the euro to 4.6231 and shed 0.08% against the Singapore dollar to 3.0162.Oil inched lower to extend losses of more than 3% from the previous session, easing after US President Donald Trump called on Opec to rein in its efforts to boost prices. US light crude oil fell 14 cents to US$55.34 while Brent managed to eke out a three cents gain to US$64.79.

Today’s KLSE Stock Signal

 

 

Today’s KLSE Stock Signal

 

Today’s 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

25Feb

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

 

INTERNATIONAL COMEX NEWS

  • This week gold prices are likely to remain sensitive due to the ongoing trade talks between the U.S. and China, while U.S. economic data will also be closely watched for its impact on the greenback, one of the biggest drivers for the precious metal. On Friday U.S. President Donald Trump said he was open to extending the March 1 deadline for hiking tariffs on $200 billion worth of Chinese goods to 25% as long as progress was being made in negotiations between the two sides
  • Chinese officials are jamming up imports of Australian coal, with at least one major port suspending customs clearance, but Beijing has denied a report of an official ban. The foreign ministry on Friday said the report of a block on Australian coal at one northern port was false, echoing information from miners, Canberra lawmakers and people familiar with official orders in China.
  • Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth. International Brent crude oil futures were at $67.26 a barrel at 0005 GMT, up 14 cents, or 0.2 percent, from their last close. They ended Friday little changed after touching their highest since Nov. 16 at $67.73 a barrel. U.S. West Texas Intermediate (WTI) crude futures were at $57.38 per barrel, up 11 cents, or 0.2 percent, from their last settlement.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Bank of Japan can abandon its 2 percent inflation target or suspend efforts to achieve it once the job market is tight enough because the public is better off having prices fall, not rise, an economic adviser to Prime Minister Shinzo Abe said. While inflation is stuck near 1 percent, the BOJ’s ultra-loose monetary policy is going well as it created jobs and boosted wages for temporary workers, said Koichi Hamada, who is considered as among the key architects of the premier’s “Abenomics” stimulus policies.
  •  President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued. Trump had planned to raise tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports into the United States if a deal between the world’s two largest economies were not reached by Friday.
  • Democratic state governors say their party needs to challenge President Donald Trump’s record on the economy as he seeks re-election next year, by focusing on middle-class Americans who have not seen the benefits of economic growth. Trump believes he has a winning hand with the economy and frequently touts a low unemployment rate, strong growth and stock market gains since his 2016 election victory.

COMEX GOLD SIGNAL

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22Feb

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

  • Firm fund buying of CIMB, Tenaga and Press Metal, especially in late trading on Thursday, enabled the FBM KLCI to extend its rally for the fourth day.At 5pm, the KLCI was up 4.5 points or 0.26% to 1,730.68 – the highest since Oct 19, 2018 – after being in the red most of the day. Turnover was 3.71 billion shares valued at RM3b. There were 509 gainers, 398 losers and 399 counters unchanged.Construction stocks advanced on hopes for the revival of the East Coast Rail Link – though on a smaller scale.Key Asian markets were mixed.
  • Hong Kong shares rose 0.41% as signs of progress in trade talks between the United States and China boosted investor hopes that the countries could reach an agreement to end their bruising seven-month trade war, Reuters reported.
  • Japan’s Nikkei 225 rose 0.15%, China’s Shanghai Composite Index fell 0.34%, South Korea’s Kospi shed 0.05% and Singapore STI edged 0.04% lower.At Bursa, CIMB rose eight sen to RM5.84 and pushed the KLCI up 1.33 points, Hong Leong Bank six sen to RM21.38, Maybank and RHB Bank one sen higher at RM9.53 and RM5.57. Public Bank fell six sen to RM25 after the weaker fourth quarter results.

Today’s KLSE Stock Signal Today’s KLSE Stock Signal Today’s KLSE Stock Signal

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