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.

8Aug
forex-market-hours

IForex Market Trading Signals and News of 08th August 2014

TRADING TIPS :

  • Forex -Pound edges lower against dollar before BoE
  • Forex -Bitcoin stabilizes at $580-level in rangebound trade
  • Forex -USD/CHF edges up, hovers near 8-month highs

AUD/USD
AUD-USD hit 0.9263 during late Asian trade, the pair’s lowest since June 5; the pair subsequently consolidated at 0.9267, declining 0.93%.The pair was likely to find support at 0.9230, the low of June 3 and resistance at 0.9358, the session high.Official data earlier showed that the number of employed people in Australia fell by 300 in July, confounding expectations for an increase of 12,000. June’s figure was revised down to a 14,900 gain from a previously estimated 15,900 rise.The report also showed that Australia’s unemployment rate rose to 6.4% last month, from 6.0% in June. Analysts had expected the unemployment rate to remain unchanged in July.

GBP/USD
GBP-USD hit 1.6834 during early European afternoon trade, the session low; the pair subsequently consolidated at 1.6850, dipping 0.03%. Cable was likely to find support at around the 1.68 level and resistance at 1.6887, this week’s high.At the conclusion of its monthly policy meeting, the BoE said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.The central bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion. The pound had come under pressure on Wednesday after data showed that industrial and manufacturing output in the U.K. expanded at a slower than expected rate in June.

RECOMMENDATION :

1. Buy AUD/USD Above 0.9298: TG: 0.9313/0.9333 SL 0.9278
2. Sell AUD/USD Below 0.9245 TG: 0.9230/0.9210 SL 0.9265

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

7Aug
gold-bars

Comex Commodity Trading Signals and Market News – 07th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices shot up on Wednesday and hovered near session highs on news Russian troops are amassing on the Ukraine border, which fueled safe-haven demand for the precious metal. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,309.10 a troy ounce during U.S. trading, up 1.85%, up from a session low of $1,288.40 and off a high of $1,310.60.The December contract settled down 0.28% at $1,285.30 on Tuesday.

Crude prices fell on Wednesday despite an upbeat weekly U.S. inventory report, as investors traded on concerns that the global economy is awash in crude. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.49% at $96.91 a barrel during U.S. trading. New York-traded oil futures hit a session low of $96.75 a barrel and a high of $98.12 a barrel.The September contract settled down 0.93% at $97.38 a barrel on Tuesday.

Copper futures fell to a more than two-week low on Wednesday, as renewed concerns over the health of China’s economy dampened appetite for growth-linked assets. On the Comex division of the New York Mercantile Exchange, copper for September delivery fell to a daily low of $3.182 a pound, the weakest since July 21, before trimming losses to last trade at $3.188 during European morning hours, down 0.5%, or 1.6 percents.

• West Texas Intermediate oil futures extended gains to hit the highest levels of the session on Wednesday, after data showed that oil supplies in the U.S. fell more than expected last week. On the New York Mercantile Exchange, crude oil for delivery in September advanced 0.69%, or 67 cents, to trade at $98.05 a barrel during U.S. morning hours. Prices were at $97.87 a barrel prior to the release of the supply data.U.S. oil futures fell to $97.00 a barrel on Tuesday, the lowest since February 5, before settling at $97.38, down 0.93%, or 91 percents.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1310 TG 1316 ,1326 SL 1300
  • SELL GOLD COMEX BELOW 1296 TG 1290,1280 SL 1306

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

7Aug
forex-trading-tips

IForex Market Trading Signals and News of 07th August 2014

TRADING TIPS :

Forex -Euro falls to fresh 9-month lows against dollar
Forex -Dollar index still near 10-1/2 month highs on U.S. data, Ukraine
Forex -Bitcoin wavers in directionless trade as sentiment remains shaky

NZD/USD
NZD/USD hit 0.8424 during late Asian trade, the pair’s lowest since June 4; the pair subsequently consolidated at 0.8439, declining 0.34%.The pair was likely to find support at 0.8402, the low of June 4 and resistance at 0.8492, the high of June 2.Official data earlier showed that the number of employed people in New Zealand rose 0.4% in the second quarter, confounding expectations for an increase of 0.7%, after a 0.9% rise in the three months to April.The report also showed that New Zealand’s unemployment rate ticked down to 5.6% in the last quarter, from 6.0% in the first quarter, compared to expectations for a decline to 5.8%.

GBP/USD
GBP/USD hit 1.6830 during European morning trade, the pair’s lowest since Monday; the pair subsequently consolidated at 1.6836, shedding 0.30%.Cable was likely to find support at 1.6739, the low of June 11 and resistance at 1.6927, the high of July 31.In a report, the Office for National Statistics said industrial production rose 0.3% in June, undershooting forecasts for a 0.6% gain, after falling 0.6% in May.Industrial output rose 1.2% year- over-year, compared to expectations for an increase of 1.5%.Manufacturing production was up 0.3% in June, after falling 1.3% in May. Economists had forecast an increase of 0.6%.Manufacturing output was 1.9% higher on a year-over-year basis, falling short of forecasts for a 2.1% rise.Sterling was lower against the euro, with EUR/GBP rising 0.23% to 0.7940.

RECOMMENDATION :

1. Buy NZD/USD Above 0.8483 TG: 0.8498/ 0.8518 SL 0.8463
2. Sell NZD/USD Below 0.8390 TG: 0.8375/0.8355 SL 0.8410

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

7Aug
klse 7 aug 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 07th August 2014

MARKET UPDATES :

  • Malaysia, the largest palm oil producer after Indonesia, delayed the nationwide implementation of its biodiesel mandate to the end of the year, said Datuk Seri Douglas Uggah Embas, Plantation Industries and Commodities Minister. The B5 programme will be completed by December instead of an original target of July, doubling average monthly consumption, Uggah said in an e-mailed response to Bloomberg questions. The delay was because construction of 15 blending facilities in the states of Sabah and Sarawak .
  • The direct tax revenue increased by five to six per cent in the first half of this year compared with the corresponding period last year due to good performance in tax collection, I
  • MISC Bhd’s pre-tax profit for the second quarter ended June 30, 2014 declined 0.9 per cent to RM344.563 million from RM347.613 million in the same period a year ago. Revenue, however, rose 11.1 per cent to RM2.54 billion from RM2.28 billion due to higher revenue in heavy engineering following progress of projects in hand during the quarter.

STOCK RECOMMENDATION :

  • BUY MISC BERHAD ABOVE 6.730 TG 6.800, 6.880, 6.980 SL 6.630

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

6Aug
comex1

Comex Commodity Trading Signals and Market News – 06th 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 1298 TG 1304,1314 SL 1288
  • SELL GOLD COMEX BELOW 1279 TG 1273,1263 SL 1289

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

6Aug
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News of 06th August 2014

TRADING TIPS :

  • Forex -Euro broadly lower after PMI data
  • Forex -Euro steady against dollar, ECB ahead
  • Forex -Bitcoin prices remain below $600 amid bearish chart signals

NZD/USD
NZD/USD hit 0.8511 during late Asian trade, the session high; the pair subsequently consolidated at 0.8524, inching up 0.01%.The pair was likely to find support at 0.8462, the low of August 1 and resistance at 0.8557, the high of July 29.The greenback remained supported below recent highs after the latest U.S. employment report on Friday sForex Signals IForex Market Trading Signals and News of 06th August 2014howing that jobs growth slowed slightly in July prompted investors to curtail expectations on the timing of a possible rate hike by the Federal Reserve.The kiwi was little changed against the Australian dollar, with AUD/NZD easing up 0.02% to 1.0953.

GBP/USD
GBP/USD rose 0.15% to 1.6886 from around 1.6849 ahead of the release of the data.Cable was likely to find support at 1.6814, the low of August 1 and a one-and-a-half month low and support at 1.6955, the high of July 30. Market research group Markit said the Markit/CIPS Services Purchasing Managers Index jumped to an eight-month high of 59.1 last month from a reading of 57.7 in June. Economists had expected the index to tick up to 57.9. The report came after data on Monday showed that the expansion in the U.K. construction sector slowed a touch in July, but was still faster-than-expected.Expectations for a rate hike by the Bank of England before the end of this year were boosted after the bank recently signalled that rates could rise sooner than markets expect if the recovery continues.

RECOMMENDATION :

1. Buy NZD/USD Above 0.8530 TG: 0.8545/ 0.8565 SL 0.8510
2. Sell NZD/USD Below 0.8498 TG: 0.8483/0.8478 SL 0.8518

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

6Aug
klse 6 aug 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 06th August 2014

MARKET UPDATES :

  • The Heads of Agreement signed between the Federal and Selangor governments for a long-term solution to the Selangor water supply issue will not be affected by the exclusion of Syarikat Pengeluar Air Selangor Holdings Bhd (SPLASH), said Pengurusan Aset Air Bhd (PAAB).
  • Trust manager, Axis REIT Managers Bhd, is prepared for the launch of the goods and services tax (GST), saying it will havea neutral impact on the real estate investment trust (REIT) industry. Chief executiveofficer, Datuk Stewart LaBrooy, said Axis REIT was now fully adopting the GST-compliant system and has registered with the Royal Malaysian Customs.
  • AirAsia Bhd saw a 13 per cent year-on-year, (y-o-y) improvement in the total passengers carried at 11.290 million at the group level for the second quarter (2Q) of 2014 compared to the 9.994 million recorded in the same period of last year. The group recorded a solid load factor of 79 per cent for 2Q14, with a year-on-year 15 per cent increase in capacity, the low-cost carrier

STOCK RECOMMENDATION :

  • BUY HONG LEONG FINANCIAL ABOVE 17.700 TG 17.800, 17.920, 18.050 SL 17.580

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

5Aug
forex-trading-tips

IForex Market Trading Signals and News of 05th August 2014

TRADING TIPS :

  • Forex -Pound steady near 1-1/2 month lows against dollar
  • Forex -Dollar steady against euro, yen
  • Forex -USD/CHF almost unchanged after positive Swiss PMI

NZD/USD
NZD/USD hit 0.8503 during late Asian trade, the session low; the pair subsequently consolidated at 0.8506, sipping 0.09%.The pair was likely to find support at 0.8462, the low of August 1 and resistance at 0.8557, the high of July 29.On Friday, official data showed that the U.S. economy added 209,000 jobs in July, below forecasts for jobs growth of 233,000. The previous month’s figure was revised up to a gain of 298,000 from a previously reported increase of 288,000.A separate report showed that job advertisements in Australia rose 0.3% in July, after a 4.4% increase in May, whose figure was revised up from a previously estimated 4.3% gain.

GBP/USD
GBP/USD was flat at 1.6821, not far from Friday’s lows of 1.6808, the weakest since June 12.Cable is likely to find support at the 1.68 level and resistance at 1.6890, Friday’s high.The U.K. construction purchasing managers’ index slowed to 62.4 from 62.6 in June, but was still slightly ahead of expectations for a reading of 62.0.The overall pace of growth was the fastest since 2007, with housing activity still by far the best performing construction category. Last month’s increase in output was the sharpest for over a decade. Although it was the sixth successive month that the U.S. economy added more than 200,000 jobs,the unemployment rate unexpectedly ticked up to 6.2% from 6.1% in June. In addition, wage growth was flat, pointing to underlying slack in the economy.

RECOMMENDATION :

1. Buy NZD/USD Above 0.8530 TG: 0.8545/ 0.8565 SL 0.8510
2. Sell NZD/USD Below 0.8575 TG: 0.8560/0.840 SL 0.8595

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

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