31Jul
klse 31 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 31 July 2014

MARKET UPDATES :

  • Bina Puri Holdings Bhd, confident of its future growth, says it is bullish to end the current financial on a firm note despite sentiment being impacted by the delay in handing over the Kuala Lumpur International Airport 2 (klia2) project. Group Executive Director, Matthew Tee, said the delay did not give anynegative implication on the company, even considering it as “unsolicited publicity” to raise Bina Puri’s name.
  • CIMB Research maintains its ‘add’ rating on Perisai Petroleum Bhd with full deployment of assets being the potential re-rating catalyst.”We spoke to management and learned that Rubicone and E3 are likely to remain unemployed until year-end.
  • Credit Guarantee Corporation Malaysia Bhd (CGC) has appointed Teoh Kok Lin and Suresh Menon as its non- executive directors recently.In a statement yesterday, CGC said Teoh Kok Lin was the Founder and Chief Investment Officer of Singular Asset Management Bhd,

STOCK RECOMMENDATION :

  • BUY PPB GROUP ABOVE 15.000 TG 15.100, 15.220, 15.350 SL 14.870

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

30Jul
gold-bars

Comex Commodity Trading Signals and Market News – 30 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dropped in U.S. trading on Tuesday after an upbeat consumer confidence report sent investors betting that the Federal Reserve will deliver an positive take on the U.S. economy at a policy meeting this week and make fresh cuts to its stimulus program that has supported the yellow metal for years. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,300.80 a troy ounce during U.S. trading, down 0.38%, up from a session low of $1,298.10 and off a high of $1,314.40.The December contract settled up 0.04% at $1,305.80 on Monday. Futures were likely to find support at $1,289.40 a troy ounce, Thursday’s low, and resistance at $1,320.40, the high from July 21.Data released earlier bolstered the dollar and in turn, pushed down gold, as the two assets tend to trade inversely with one another.

Natural gas futures edged lower but held range bound on Tuesday as investors bet a recent spate of mild U.S. temperatures will result in a bearish supply report due out on Thursday. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at$3.753 per million British thermal units during U.S. trading, down 0.33%. The commodity hit a session high of $3.793 and a low of $3.740. The September contract settled down 0.58% on Monday to end at $3.765 per million British thermal units.Natural gas futures were likely to find support at $3.725 per million British thermal units, Monday’s low, and resistance at $3.857, Monday’s high.

U.S. crude futures dropped on Tuesday amid concerns that this week’s supply data will depict a U.S. economy that is awash in crude. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.82% at $100.84 a barrel during U.S. trading. New York-traded oil futures hit a session low of $100.38 a barrel and a high of $101.82 a barrel.The September contract settled down 0.41% at $101.67 a barrel on Monday.

Nymex oil futures were likely to find support at $99.60 a barrel, the low from July 16, and resistance at $102.10 a barrel, Monday’s high.The American Petroleum Institute will release its inventories report later in the day, while Wednesday’s government report could show crude stockpiles fell by 1 million barrels in the week ending July 25.

Brent oil on the ICE futures exchange rose 0.1% to $107.72 a barrel. Also aiding crude was news that CVR Refining LP shut down its 115,000- barrel-a-day refinery in Coffeyville, Kansas., after a fire Tuesday morning thatinjured four employees, according to a company statement. Despite concerns that conflict in Ukraine and across the Middle East may disrupt supply, shipments have continued to flow normally, with sentiments that the U.S. is brimming with crude oil often overshadowing upbeat U.S. data.The Conference Board reported earlier that its consumer confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. It was the highest reading since October 2007, defying consensus forecasts for a decline to 85.3.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1291 TG 1285,1275 SL 1302
  • BUY GOLD COMEX ABOVE 1304 TG 1310,1320,SL 1294

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

30Jul
klse 30 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 30 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.

30Jul
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News of 30 July 2014

TRADING TIPS :

  • Forex -Dollar holds near 6-month highs, CB report ahead
  • Forex -GBP/USD almost unchanged in cautious trade
  • Forex -USD/CAD rises to 1-month highs

USD/CAD
USD/CAD touched highs of 1.0827, the most since June 19 and was last up 0.16% to 1.0816. The pair was likely to find support at 1.0737, Friday’s low and resistance at the 1.0850 level. Demand for the dollar continued to be underpinned ahead of preliminary data on U.S. second-quarter growth and the Federal Reserve’s latest rate statement, both due on Wednesday. Investors were also awaiting the July employment report on Friday.

GBP/USD
GBP/USD hit 1.6995 during European morning trade, the session high; the pair subsequently consolidated at 1.6989, inching up 0.03%. Cable was likely to find support at 1.6924, the low of June 18 and resistance at 1.7053, the high of July 24. Official data earlier showed that U.K. net lending to individuals rose by £2.5 billion last month, below expectations for an increase of £2.6 billion. Net lending to individuals in May was revised up to a £3.0 billion increase from a previously estimated £2.7 billion gain.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6955- TG: 1.6975/ 1.7005 SL 1.6925
2. Sell GBP/USD Below 1.6930- TG: 1.6910/ 1.6880 SL 1.6960

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

28Jul
gold-bars

Comex Commodity Trading Signals and Market News – 28 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures were hovering near more than one-month lows on Friday, still weighed by Thursday’s report showing that the number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since February 2006. On the Comex division of the NewYork Mercantile Exchange, gold for August delivery traded at $1,293.20 a troy ounce during European afternoon trade, adding 0.19%.The August contract settled 1.07% lower on Thursday to end at $1,290.8 a troy ounce.Gold futures were likely to find support at $1,376.20 an ounce, the low from June 19 and resistance at $1,311.80, the high from July 23.

Crude futures moved lower in whipsaw trading on Friday, with upbeat U.S. data supporting the commodity with supply concerns pushing it back down. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.08% at $101.99a barrel during U.S. trading. New York-traded oil futures hit a session low of $101.01 a barrel and a high of $102.53 a barrel. The September contract settled down 1.02% at $102.07 a barrel on Thursday.Nymex oil futures were likely to find support at $101.01 a barrel, the earlier low, and resistance at $103.45 a barrel, Tuesday’s high.

Natural gas futures dropped but remained range bound on Friday after updated weather-forecasting models called for mild temperatures to hover over portions of the heavily populated eastern half of the U.S. in the coming days On the New York Mercantile Exchange, naturalgas futures for delivery in August traded at $3.782 per million British thermal units during U.S. trading, down 1.70%. The commodity hit a session high of $3.861 and a low of $3.765. The August contract settled up 2.26% on Thursday to end at $3.847 per million British thermal units. Natural gas futures were likely to find support at $3.744 per million British thermal units, Thursday’s low, and resistance at $3.886, Thursday’s high.

Crude oil futures edged lower on Friday, as Thursday’s disappointing U.S. home sales data continued to weigh and investors continued to focus on developments in Ukraine and the Middle East. On the New York Mercantile Exchange, U.S. crude oil for delivery in September traded at $101.95 a barrel during European morning trade, down 0.12%.Prices tumbled 1.02% on Thursday to settle at $102.07. Futures were likely to find support at $100.61 a barrel, the low from July 17 and resistance at $103.31, Thursday’s high.The U.S. Census Bureau said on Thursday that new home sales dropped by 8.1% to 406,000 units last month, far worse than expectations for a 5.3% decline.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1314 TG 1320,1330 SL 1308
  • SELL GOLD COMEX BELOW 1308 TG 1302,1292 SL 1314

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

28Jul
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News of 28 July 2014

TRADING TIPS :

  • Forex – EUR/USD remains near 8-month lows
  • Forex – GBP/USD dips on upbeat U.S. durable goods data

EUR/USD
The euro remained near eight-month lows against the U.S. dollar on Friday, as growing optimism over the strength of the U.S. economic recovery supported the greenback, while poor German business climate data still pressured the single currency lower. A better-than-expected uptick in demand for durable goods in the U.S. sent the dollar firming against the euro on Friday.

GBP/USD
The pound fell against a firming dollar Friday after data revealed demand for long-lasting goods and appliance was on the rise in the U.S. last month. The data came a day after the U.S. Department of Labor reported that the number of individuals filing for initial jobless benefits in the week ending July 19 declined by 19,000 to 284,000, defying market forecasts for claims to rise by 5,000. Elsewhere, sterling was up against the euro, with EUR/GBP down 0.15% at 0.7914, and down against the yen, with GBP/JPY down 0.10% at 172.77.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6980- TG: 1.7000/ 1.7030 SL 1.6950
2. Sell GBP/USD Below 1.6963- TG: 1.6943/ 1.6913 SL 1.6993

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

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.

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