28Jul
klse 28 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 28 July 2014

MARKET UPDATES :

  • LPI Capital Bhd’s pre-tax profit for the second quarter ended June 30, 2014 increased by 9.8 per cent to RM68.55 million from RM62.507 million in the same period last year. Revenue grew to RM291.49 million from RM282.40 million previously. The group recorded a 15.5 per cent increase in its pre-tax profit for the first half year of 2014 on the back of an improved performance of its Internet media and technology company, is organizing its sixth annual edition of Invest Fair Malaysia on Aug 2-3, 2014.
  • Themed ‘The A to Z of Investment’, the fair will act as a one-stop shop forinvestment products and knowledge that empower investors to take charge of theirfinancial portfolio.It will feature 20 exhibitors comprising financial institutions, training
  • The Royal Customs Department has asked companies and individual business owners to make the obligatory registration for the goods and services tax (GST) before Dec 31, 2014 to avoid action being taken against them. Customs Department Director-General, Datuk Seri Khazali Ahmad,

STOCK RECOMMENDATION :

BUY HONG LEONG FINANCIAL ABOVE 17.500 TG 17.600, 17.720, 17.850 SL 17.380

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

25Jul
comex1

Comex Commodity Trading Signals and Market News – 25 July 2014

INTERNATIONAL COMMODITY NEWS :

• On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,292.60 a troy ounce, up 0.14%, after hitting an overnight session low of $1,288.00 and off a high of $1,305.60.The U.S. believes Russia is firing artillery across its border at Ukrainian military positions, the State Department said on Thursday, an assertion that Moscow is playing a more direct role in the Ukrainian conflict.The latest accusations show U.S. officials raising pressure on Moscow and more closely examining Russian activities near the rebel-held portions of eastern Ukraine since the downing of Malaysia Airlines Flight 17, which Washington blames on pro-Russian separatist fighters.

• The U.S. believes Russia is firing artillery across its border at Ukrainian military positions, the State Department said on Thursday, an assertion that Moscow is playing a more direct role in the Ukrainian conflict.The latest accusations show U.S. officials raising pressure on Moscow and more closely examining Russian activities near the rebel-held portions of eastern Ukraine since the downing of Malaysia Airlines Flight 17, which Washington blames on pro-Russian separatist fighters

• n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.92% at $102.17 a barrel during U.S. trading. New York-traded oil futures hit a session low of $102.08 a barrel and a high of $103.31 a barrel.The September contract settled up 0.71% at $103.12 a barrel on Wednesday.

Nymex oil futures were likely to find support at $101.19 a barrel, Tuesday’s low, and resistance at $103.45 a barrel, Tuesday’s high.The U.S. Census Bureau reported earlier new home sales dropped by 8.1% to 406,000 units last month, far worse than expectations for a 5.3% decline.

• Analysts had expected jobless claims to rise by 5,000 to 308,000 last week, and the positive numbers fueled speculation that the Federal Reserve may hike interest rates sooner than markets once anticipated. hile the Fed is seen closing its monthly bond-buying stimulus program likely in October, uncertainty as to how much time will pass from that point until rate hikes begin makes both gold and the dollar move on both positive and negative indicators.Loose monetary policies such as rock-bottom interest rates and three rounds of Fed asset purchases have elevated gold prices since the 2008 financial crisis.Separately, the Census Bureau reported that U.S. new home sales dropped by 8.1% to 406,000 units last month, worse than expectations for a decline of 5.3%, pointing to underlying weakness in the housing sector.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1287 TG 1281,1270 SL 1295
  • BUY GOLD COMEX ABOVE 1296 TG 1301,1310 SL 1288

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

25Jul
forex-market-hours

IForex Market Trading Signals and News of 25 July 2014

TRADING TIPS :

  • Forex – Euro comes off lows vs. dollar after PMI’s
  • Forex – AUD/USD slips lower but China PMI supports
  • Forex – Euro off lows after euro zone PMI data

USD/CAD
The U.S. dollar fell to session lows against the Canadian dollar on Wednesday after data showed that Canadian retail sales rose at a faster than expected rate in May. USD/CAD touched session lows of 1.0711, before pulling back to trade at 1.0726.The pair was likely to find support at 1.0690 and resistance at 1.0775.Statistics Canada reported that retail sales rose 0.7% in May, ahead of forecasts for a 0.6% gain, while the previous month’s number was revised up to 1.3%.Core retail sales, which strip out automobile sales, rose 0.1% in May, falling short of expectations for a 0.3% increase and slowing from an upwardly revised 0.8% in April.

GBP/USD
The pound edged lower against the dollar on Wednesday as investors digested the minutes from the Bank of England’s June policy meeting, with tensions in Ukraine weighing on both currencies.U.S. trading on Wednesday, GBP/USD was trading down 0.18% at 1.7034, up from a session low of 1.7024 and off a high of 1.7095.Cable was likely to find support at 1.6952, the low from June 25, and resistance at 1.7100, Monday’s high.In the U.K., the minutes of the Bank of England’s June meeting released earlier revealed that policymakers voted unanimously to keep monetary policy unchanged last month.On Thursday, the U.S. is to produce data on unemployment claims, manufacturing activity and new home sales.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7061- TG: 1.7081/ 1.7111 SL 1.7031
2. Sell GBP/USD Below 1.6996- TG: 1.7016/ 1.7046 SL 1.702

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

25Jul
klse 25 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 25 July 2014

MARKET UPDATES :

  • Malaysia Airports Holdings Bhd (MAHB) reported a pre-tax loss of RM37.729 million for the second quarter ended June 30, 2014 from a pre-tax profit of RM132.055 million for the same period a year ago.Revenue, however, increased to RM1.175 billion in the quarter from RM978.102 million for the corresponding period of a year ago.
  • Public Bank Bhd’s pre-tax profit for the second quarter ended June 30, 2014 grew to RM1.37 billion from RM1.34 billion registered in the corresponding period last year. The revenue was also higher at RM4.06 billion during the period under review from RM3.8 billion recorded previously. At the group level, its pre-tax profit grew by 3.2% to RM2.7 billion during the same period
  • MAHB expect passenger traffic to continue to grow by 7 per cent this year to 85 million despite the MH370 and |MH17 tragedies. CFO Faizal Mansor said traffic will be slightly affected temporarily, but they believe may still achieve target due to strong travel demand.

STOCK RECOMMENDATION :

  • BUY TELEKOM MALAYSIA ABOVE 6.370 TG 6.430, 6.500, 6.600 SL 6.420

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

24Jul
gold-bars

Comex Commodity Trading Signals and Market News – 24 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices edged lower in U.S. trading on Tuesday after data revealed both consumer prices and existing home sales are on the rise in the U.S., which should prompt the Federal Reserve to do away with loose monetary policies that have supported the commodity for years.

Nymex oil futures were likely to find support at $101.48 a barrel, Monday’s low, and resistance at $103.38 a barrel, the session high.Markets tracked events unfolding in Ukraine and in Gaza, with investors looking for fresh signs to indicate whether geopolitical tensions in will threaten Russian and Middle East oil exports, and the uncertainty allowed for choppy trading at times on Tuesday.

Natural gas carried Monday’s losses into Tuesday after updated weather forecasting models continued to call for below- normal temperatures to make their way across parts of the eastern half of the U.S. in the coming days On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $3.800 per million British thermal units during U.S. trading, down 1.29%. The commodity hit a session high of $3.862 and a low of $3.789. The August contract settled down 2.58% on Monday to end at $3.849 per million British thermal units.

Crude futures edged lower on Tuesday on fears this week’s U.S. supply report will come in bearish, while uncertainty over the fate of Ukraine and Gaza in Israel allowing for choppy trading. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.41% at $102.44 a barrel during U.S. trading. New York-traded oil futures hit a session low of $102.14 a barrel and a high of $103.38 a barrel. The September contract settled up 0.89% at $102.86 a barrel on Monday.

• On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,306.70 a troy ounce during U.S. trading, down 0.55%, up from a session low of $1,302.60 and off a high of $1,315.80. The August contract settled up 0.34% at $1,313.90 on Monday. Futures were likely to find support at $1,292.60 a troy ounce, the low from July 15, and resistance at $1,319.00, Monday’s high.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1296 TG 1290,1288 SL 1304

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

24Jul
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News of 24 July 2014

TRADING TIPS :

  • Forex – Dollar broadly lower vs. rivals as sentiment recovers
  • Forex – Pound little changed after BoE minutes
  • Forex – NZD/USD edges higher ahead of RBNZ statement

USD/CAD
The U.S. dollar was little changed against its Canadian counterpart on Tuesday, after U.S. consumer price inflation data came out broadly in line with expectations, while investors continued to monitor developments in Ukraine and the Gaza Strip.USD/CAD hit 1.0733 during European afternoon trade, the session low; the pair subsequently consolidated at 1.0735, dipping 0.03%.

GBP/USD
The pound edged lower against the dollar on Tuesday after U.S. inflation data met expectations and while housing numbers beat forecasts, confirming market sentiments that the Federal Reserve remains on track to wind down stimulus programs this year and raise interest rates the next.GBP/USD slides as U.S. inflation report firms dollarPound slips against greenback on solid U.S. inflation figures, upbeat housing numbers In U.S. trading on Tuesday, GBP/USD was trading down 0.13% at 1.7054, up from a session low of 1.7042 and off a high of 1.7084.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7082- TG: 1.7102/ 1.7132 SL 1.7062
2. Sell GBP/USD Below 1.7030- TG: 1.7010/ 1.6980 SL 1.7060

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

24Jul
klse 24 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 24 July 2014

MARKET UPDATES :

  • MRT Corporation expects Danainfra Nasional Bhd to issue another round of sukuk by year-end for the purpose of financing the Sungai Buloh-Kajang MRT project. When asked about the expected value, MRT Corporation chief executive officer Datuk Wira Azhar Abdul Hamid said it would depend on the company’s cash flow requirements at the time, but noted, it would not be big.
  • Westports Holdings Bhd posted a higher pre-tax profit of RM280.34 million for its first six months ended June 30, 2014, from RM251.95 million recorded in the same period last year.Revenue rose to RM772.18 million versus RM750.08 million a year ago while its basic earnings per share increased to 6.79 sen from 6.61 sen previously.
  • The Bentara field in the Balai Cluster Risk Service Contract (RSC) area, located offshore Sarawak, has achieved its first oil production on May 25, 2014, said Petroliam Nasional Bhd (Petronas). In a statement here today, it said the field,

STOCK RECOMMENDATION :

  • BUY MISC BERHAD ABOVE 6.660 TG 6.720, 6.800, 6.900 SL 6.560.

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

23Jul
comex1

Comex Commodity Trading Signals and Market News – 23 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices edged lower in U.S. trading on Tuesday after data revealed both consumer prices and existing home sales are on the rise in the U.S., which should prompt the Federal Reserve to do away with loose monetary policies that have supported the commodity for years.

Natural gas carried Monday’s losses into Tuesday after updated weather forecasting models continued to call for below- normal temperatures to make their way across parts of the eastern half of the U.S. in the coming days On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $3.800 per million British thermal units during U.S. trading, down 1.29%. The commodity hit a session high of $3.862 and a low of $3.789. The August contract settled down 2.58% on Monday to end at $3.849 per million British thermal units. Natural gas futures were likely to find support at $3.741 per million British thermal units, the low from Nov. 26, 2013, and resistance at $3.893, Monday’s high.

Crude futures edged lower on Tuesday on fears this week’s U.S. supply report will come in bearish, while uncertainty over the fate of Ukraine and Gaza in Israel allowing for choppy trading. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.41% at $102.44 a barrel during U.S. trading. New York-traded oil futures hit a session low of $102.14 a barrel and a high of $103.38 a barrel. The September contract settled up 0.89% at $102.86 a barrel on Monday.

On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,306.70 a troy ounce during U.S. trading, down 0.55%, up from a session low of $1,302.60 and off a high of $1,315.80. The August contract settled up 0.34% at $1,313.90 on Monday. Futures were likely to find support at $1,292.60 a troy ounce, the low from July 15, and resistance at $1,319.00, Monday’s high.

• Nymex oil futures were likely to find support at $101.48 a barrel, Monday’s low, and resistance at $103.38 a barrel, the session high.Markets tracked events unfolding in Ukraine and in Gaza, with investors looking for fresh signs to indicate whether geopolitical tensions in will threaten Russian and Middle East oil exports, and the uncertainty allowed for choppy trading at times on Tuesday.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1300 TG 1294 ,1284 SL 1308
  • BUY GOLD-COMEX ABOVE 1303 TGTS 1309, 1319 SL 1294

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

23Jul
forex-trading-tips

IForex Market Trading Signals and News of 23 July 2014

TRADING TIPS :

  • Forex – USD/CAD little changed after U.S. data
  • Forex – Dollar climbs to 6-week highs
  • Forex – GBP/USD almost unchanged, geopolitical tensions weigh

USD/CAD
USD/CAD hit 1.0733 during European afternoon trade, the session low; the pair subsequently consolidated at 1.0735, dipping 0.03%. The pair was likely to find support at 1.0683, the low of June 26 and resistance at 1.0794, the high of July 16. In a report, the U.S. Department of Labor said that consumer prices rose by 0.3% last month, meeting estimates, after rising 0.4% in May.

GBP/USD
GBP/USD hit 1.7059 during European morning trade, the session low; the pair subsequently consolidated at 1.7068, dipping 0.04%. Cable was likely to find support at 1.7037, the low of July 18 and resistance at 1.7118, the high of July 18. Earlier Tuesday, official data showed that the U.K. public finances showed a bigger than expected deficit in June. The U.K. borrowed £11.38 billion last month, compared to expectations for a deficit of £10.66 billion. In the same month last year, the U.K. borrowed £7.59 billion.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7080- TG: 1.7100/ 1.7130 SL 1.7050
2. Sell GBP/USD Below 1.7050- TG: 1.7030/ 1.7000 SL 1.7080

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

23Jul
klse 23 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 23 July 2014

MARKET UPDATES :

  • Share prices on Bursa Malaysia closed higher today, lifted by gains on selected heavyweight counters,the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.72 points better at 1,871.36, after moving between 1,868.03 and 1,874 throughout the yesterday.
  • Share prices on Bursa Malaysia remained mixed at mid-afternoon today, on cautious trading, amid positive regional sentiment, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.7 points better at 1,870.34.Losers led gainers by 424 to 369 with 328 counters unchanged, 513 untraded and 21 others suspended.
  • Maxis Bhd returned to positive growth of 0.6 per cent in its service revenue to RM2.05 billion for its second quarter ended June 30 against RM20.4 billion posted on the first quarter (Q1) 2014.The company attributed mobile data as the main growth driver, with mobil Internet/value added services revenue growing 8.0 per cent from the previous quarter,

STOCK RECOMMENDATION :

  • BUY ASTRO MALAYSIA ABOVE 3.380 TG 3.430, 3.480, 3.560 SL 3.300

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

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