21Jul
forex-trading-tips

IForex Market Trading Signals and News of 21 July 2014

TRADING TIPS :

  • Forex – USD/CAD little changed after mixed U.S. data
  • Forex – Dollar rises to six-week highs against Russian rouble
  • Forex – GBP/USD edges lower as sentiment wanes

USD/JPY
USD/JPY was up 0.23% and trading at 101.40, up from a session low of 101.09 and off a high of 101.45. The pair was expected to test support at 101.07, the low from July 10, and resistance at 101.80, Wednesday’s high. The dollar took a dive against the yen on Thursday as investors digested the fallout from a downed Malaysian Airlines flight over Ukraine, with the U.S. blaming Ukrainian pro-Russian separatists for shooting down the aircraft, killing 298 aboard.

GBP/USD
GBP/USD hit 1.7108 during European morning trade, the pair’s lowest since July 15; the pair subsequently consolidated at 1.7111, slipping 0.15%. Cable was likely to find support at 1.7060, the low of July 15 and resistance at 1.7192, the high of July 15 and an almost six-year high. The greenback strengthened broadly after Ms. Yellen said Tuesday that rates could rise sooner if the economic recovery continued to improve. However, the Fed chair also said that if the recovery was disappointing monetary policy would remain accommodative.

RECOMMENDATION :

1. Buy EUR/CAD Above 1.4565- TG: 1.4585/ 1.4610 SL 1.4530
2. Sell EUR/CAD Below 1.4505- TG: 1.4475/1.4450 SL 1.4538

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

21Jul
klse 21 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 21 July 2014

MARKET UPDATES :

  • The Malaysian rubber market rebounded to close marginally higher today, lifted by buying support for the commodity, a dealer said. Demand for rubber improved due to a weaker ringgit and higher oil prices.It was also the result of a Malaysian airliner allegedly shot down overeastern Ukraine, dramatically escalating the crisis between Russia and the West,
  • Amanah Saham Nasional Bhd (ASNB), a wholly- owned unit of Permodalan Nasional Bhd (PNB), has announced a 1:1 unitsplit for Amanah Saham Nasional 2 (ASN 2). In a statement today, PNB said this was the first unit split exercise for the fund since its inception in 1999.The split would be based on units holding as at end-of-day yesterday
  • Heng Huat Resources Group Bhd, an integrated manufacturer of oil palm and coconut biomass products in Malaysia, garnered positive response for its Initial Public Offering (IPO) on the ACEMarket of Bursa Malaysia with its public tranche oversubscribed by 60.3 times.

STOCK RECOMMENDATION :

  • BUY IHH HEALCARE ABOVE 4.770 TG 4.820, 4.870, 4.930 SL 4.700

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

18Jul
comex1

Comex Commodity Trading Signals and Market News – 18 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices continued gains in Asia on Friday after President Barack Obama said the U.S. would assist in determining the cause of the crash of a Malaysia Airlines plane near the Russia-Ukraine border. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,322.70 a troy ounce, up 0.44%, after hitting an overnight session low of $1,298.20 and off a high of $1,324.40.

Silver for September delivery was up 0.57% at $21.255 a troy ounce. Copper futures for September delivery were flat at 3.216 a pound.

Crude oil prices rose in Asia, continuing overnight gains after Gold prices continued gains in Asia on Friday after President Barack Obama said the U.S. would assist in determining the cause of the crash of a Malaysia Airlines plane near the Russia-Ukraine border. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $103.76 a barrel, up 0.55%, after hitting an overnight session low of $101.28 a barrel and a high of $103.06 a barrel, posting the largest one-day dollar and percentage gain since June 12, when Islamists launched an uprising in Iraq.

Brent oil futures for September delivery rose 0.8% to $107.89 a barrel on the ICE futures exchange Thursday before the crash. An early morning gain had come primarily from the August contract, which expired Wednesday at a settlement of $105.85, “rolling over” into the new front-month September contract which was trading higher.

Natural gas dropped to near six-month lows on Thursday after data showed that U.S. supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $3.965 per million British thermal units during U.S. trading, down 3.75%. The commodity hit a session high of $4.112 and a low of $3.957. The August contract settled up 0.54% on Wednesday to end at $4.119 per million British thermal units.

Base metals traded mixed on Friday Asian trade, with prices mostly range-bound and on thin volumes, lacking catalyst for price direction. Copper was last $10 lower at $7,055 per tonne, with prices trading in a $20 range this morning. The metal saw some heavy selling during London trading yesterday, falling to a low of $7,032 due to concerns surrounding financing in China. Nickel at $19,175 is down $25 after stocks increased 2,364 tonnes to 310,782 tonnes, a fresh all-time high. Aluminium remained quietly steady, currently trading at $1,987, just $2 lower from previous close. Inventories were down 8,775 tonnes at 4,967,250 tonnes, their lowest since September 2012. Cancelled warrants were also lower, down 6,725 tonnes to 2,915,100 tonnes. Zinc at $2,305 gained $3 as the market swung to a deficit of 194,000 tonnes in the first five months of the year, according to the International Lead and Zinc Study Group (ILZSG).Stocks continue to drop, falling 350 tonnes to 657,375 tonnes – the 13th consecutive day of declines. Lead was up as well, gaining $5 on Thursday’s $2,190 close, while stocks down 35 tonnes to 11,775 tonnes. The ILZSG pegged the January-May deficit at a wider 20,000 tonnes. Tin at $22,068 is $32 lower although stocks lost 35 tonnes to 11,775 tonnes.

TRADING STRATEGY :

GOLD-COMEX has closed @ 1318.81. If it breaks the level of 1311, it can touch the level of 1304 & 1292 respectively. If it sustain above the level of 1332, it can touch the level of 1339, 1351 respectively.

  • SELL GOLD-COMEX BELOW 1311 TGTS 1304, 1292 SL 1321.
  • BUY GOLD-COMEX ABOVE 1332 TGTS 1339, 1351 SL 1322.

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

18Jul
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News of 18 July 2014

TRADING TIPS :

  • Forex – USD/CAD little changed after mixed U.S. data
  • Forex – Dollar rises to six-week highs against Russian rouble
  • Forex – Dollar steady to higher vs. rivals, eyes on U.S. data

USD/JPY
USD/JPY slipped 0.16% to 101.52, off Wednesday’s one week highs of 101.78. The Federal Reserve Bank of Philadelphia said that its manufacturing index improved to a more than three-year hig of 23.9 this month from June’s reading of 17.8. Analysts had expected the index to dip to 16.0 in July. The data came after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending July 12 declined by 3,000 to 302,000 from the previous week’s total of 305,000.

USD/CAD
USD/CAD was trading at 1.0739, off Wednesday’s almost one-month highs of 1.0792. The pair was likely to find support at the 1.0700 level and resistance at 1.0800. The greenback remained steady after the Labor Department reported that the number of people filing for initial jobless claims fell by 3,000 to 302,000 last week, compared to expectations for an increase to 310,000. The upbeat data added to recent signs of an ongoing recovery in the labor market.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7110- TG: 1.7130/ 1.7160 SL 1.7080
2. Sell GBP/USD Below 1.7090- TG: 1.7070/ 1.7040 SL 1.7120

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

18Jul
klse 18 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 18 July 2014

MARKET UPDATES :

  • The Federal Land Development Authority (Felda) expects to reduce its operational costs by between 20 per cent and 30 per cent by 2020 with the MS ISO 9001:2008 certification.
  • Director-general, Datuk Faizoull Ahmad, said by reducing the operational costs, Felda could improve its efficiency in day-to-day operations.Affin Investment Bank has maintained its’buy’ call on Tenaga Nasional Bhd (TNB) with a discounted cash flow derived target price of RM14.70 from RM12.46.
  • The investment bank said that the government is committed to the implementation of incentive-based regulation (IBR).However, the fuel cost pass-through (FCPT) review might be delayed andnegatively impact TNB’s short-term earnings, it said in a research note yesterday.
  • The Kuala Lumpur Tin Market (KLTM) remained at yesterday’s level of US$22,150 a tonne today, despite the fall in the metal price on the London Metal Exchange (LME). The LME tin price fell by US$75.

STOCK RECOMMENDATION :

  • KLSE BUY HONG LEONG ABOVE 17.800 TG 17.900, 18.000, 18.150 SL 17.650

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

17Jul
klse 17 july 2014

Financial Klse Malaysia Stock Market Trading Picks And News – 17 July 2014

MARKET UPDATES :

  • The Aerospace Malaysia Innovation Centre (Amic) will collaborate with Mara Aerospace and Technologies (M-AeroTech) to lead aerospace research and technology (R&T) activities at the Asia Aerospace City (AAC) in Subang.
  • Public Bank Bhd (PBB) will acquire the remaining 50 per cent equity interests in VID Public Bank (VPB) for a total cashconsideration of US$76.6 million (RM245 million).
  • In a filing to Bursa Malaysia, PBB said it had entered into a conditionalequity capital transfer agreement (ECTA) with Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) for the acquisition. VPB, which has a paid-up capital of US$62.5 million (RM200 million), commenced operations in Vietnam in 1992 and has always been profitable in its 22 years of operation.With the signing of the ECTA, PBB said it would submit an application to the State Bank of Vietnam to convert VPB

STOCK RECOMMENDATION :

  • BUY YTL CORPORATION ABOVE 1.600 TG 1.630, 1.670, 1.720 SL 1.550

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

17Jul
gold-bars

Comex Commodity Trading Signals and Market News – 17 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold price eased slightly in Asia on Thursday with remarks by Federal Reserve Chairwoman Janet Yellen being digested for hints on the timing of higher rates. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,299.40 a troy ounce, down 0.03%, after hitting a session low of $1,294.10 and off a high of $1,304.30.

Silver for September delivery traded at $20.793 a troy ounce, up 0.09%. Copper futures for September delivery were flat at $3.214 a pound.

Crude oil prices held gains into Asia on Thursday after bullish U.S. stockpiles data bolstered views of solid demand. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $101.39 a barrel, up 0.18%, after hitting an overnight session low of $99.95 a barrel and a high of $101.39 a barrel.

Natural gas futures edged higher on Wednesday after investors priced in the impact below-normal temperatures making their way across the U.S. will have on demand and went long on expectations for seasonably warm temperatures to follow. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.131 per million British thermal units during U.S. trading, up 0.82%. The commodity hit a session high of $4.145 and a low of $4.087. The August contract settled down 1.21% on Tuesday to end at $4.097 per million British thermal units.

Base metals prices were largely unchanged in Wednesday morning’s LME premarket despite Chinese industrial production figures coming in above forecast.The copper price- just 4,200 lots have changed hands on Select so far. Stock movements were marginal, with inventories down 200 tonnes to 159,175 tonnes. the aluminium price was the most notable mover, peaking at a fresh 13-month high of $1,979 per tonne – it was last at $1,975, up $15 on the Tuesday’s close. Zinc hit $2,320 overnight but is currently sitting around $2,311, up $12. Stocks continue to fall, dropping another 750 tonnes to 657,725 tonnes, marking the 12th day of consecutive declines. Lead drifted from its earlier session high of $2,220 and was last at $2,212, still up $4. The tin price slipped $36 to $22,139 after a 275-tonnes stock increase to 11,810 tonnes. Nickel rose $44 to $19,369, continuing to take support from the long-running Indonesian ore export ban. It shrugged off a 96-tonne increase in stocks, which took LME inventories to fresh highs.

• The global Brent oil contract lost 0.2% to $105.85 a barrel, on the last day of trading for the expiring August contract.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.2125. If it breaks the level of 3.2065, it can touch the level of 3.1955 & 3.1800 respectively. If it sustain above the level of 3.2425, it can touch the level of 3.2535, 3.2685 respectively.

  • SELL COPPER-COMEX BELOW 3.2065 TGTS 3.1955, 3.1800 SL 3.2175.
  • BUY COPPER-COMEX ABOVE 3.2425 TGTS 3.2535, 3.2685 SL 3.2315.

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

17Jul
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News of 17 July 2014

TRADING TIPS :

  • Forex – Euro drops to 1-month lows against firmer dollar
  • Forex – USD/CHF rises on weak Swiss data, Yellen
  • Forex – Pound edges lower despite upbeat U.K. jobs data

AUD/USD
AUD/USD hit 0.9330 during late Asian trade, the pair’s lowest since July 3; the pair subsequently consolidated at 0.9343, shedding 0.29%. The pair was likely to find support at 0.9258, the low of June 5 and resistance at 0.9402, Tuesday’s high. The greenback remained supported after Ms. Yellen on Tuesday said interest rates could rise sooner if the labor market was to improve more quickly than expected. However, the Fed chair also said that if the economic recovery disappoints monetary policy would remain accommodative.

EUR/USD
EUR/USD was down 0.24% to 1.3535, the lowest since June 16, from 1.3561 late Tuesday. The pair was likely to find support at around the 1.3500 level and resistance at 1.3575. Demand for the dollar continued to be underpinned after Ms. Yellen said interest rates could rise sooner if the labor market was to improve more quickly than expected. However, the Fed chair also said that if the economic recovery disappoints monetary policy would remain accommodative.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7150- TG: 1.7170/ 1.7210 SL 1.7120
2. Sell GBP/USD Below 1.7115- TG: 1.7095/ 1.7065 SL 1.7145

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

16Jul
comex1

Comex Commodity Trading Signals and Market News – 16 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell further in Asia on Wednesday as investors reacted to remarks by Federal Reserve Chairwoman Janet Yellen that hinted rates could rise sooner if the economy ticks up faster than expected. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,295.10 a troy ounce, down 0.15%, after hitting an overnight session low of $1,293.10 and off a high of $1,314.50.

Silver for September delivery was down 0.63% at $20.758 a troy ounce. Copper futures for September delivery fell 0.08% to $3.248 a pound.

Crude oil prices rose in Asia on Wednesday as U.S. crude oil stocks fell sharply, according to industry data, showing solid demand. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $100.22 a barrel, up 0.26%, after hitting an vernight session low of $99.02 a barrel and a high of $101.20 a barrel.

Brent oil futures, the international benchmark, fell 0.9% to $106.02 a barrel on ICE Futures Europe to a three-month low on Tuesday.

Natural gas futures carried Monday’s losses into Tuesday after updated weather-forecasting models continued to call for below- normal temperatures sweeping in from Canada into the Midwest to trek east. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.112 per million British thermal units during U.S. trading, down 0.86%. The commodity hit a session high of $4.158 and a low of $4.098. The August contract settled up 0.02% on Monday to end at $4.147 per million British thermal units.

Base metals mostly continued their consolidation mode during Wednesday’s Asian trade despite latest Chinese GDP data performing above expectations. Copper last at $7,128 per tonne is just $2 lower from Tuesday, while Aluminium at $1,964 is $4 higher – it peaked $1,967.25 on Tuesday, which is the highest level since June 2013. Stocks fell 9,100 tonnes to 4,986,175 tonnes, holding around September 2012 lows, while cancelled warrants dipped 10,825 tonnes to 2,931,800 tonnes. Zinc closed at $2,299, a $48 loss but recovered some $13 overnight to the current $2,312 per tonne. . Both stocks and cancelled warrants were 1,500 tonnes lower at 658,475 tonnes and 60,575 tonnes respectively. Lead hardly moved at $2,207 while nickel dropped $10 to $19,315 after a 612-tonne inventory increase to 308,322 tonnes. Tin at $22,110 is down $65, with no change in stocks.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1479.745. If it breaks the level of 1478, it can touch the level of 1470 & 1458 respectively. If it sustain above the level of 1497, it can touch the level of 1505, 1517 respectively.

  • SELL PLATINUM-COMEX BELOW 1478 TGTS 1470, 1458 SL 1488.
  • BUY PLATINUM-COMEX ABOVE 1497 TGTS 1505, 1517 SL 1487.

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

16Jul
forex-market-hours

IForex Market Trading Signals and News of 16 July 2014

TRADING TIPS :

  • Forex – EUR/USD pushes lower on weak ZEW data
  • Forex – Pound hits session highs as U.K. inflation accelerates
  • Forex – NZD/USD edges lower, eyes on Yellen testimony

USD/CAD
AUD/USD hit 0.9371 during late Asian trade, the pair’s lowest since July 10; the pair subsequently consolidated at 0.9369, shedding 0.24%. The pair was likely to find support at 0.9342, the low of July 7 and resistance at 0.9456, the high of July 10. In the minutes of its July policy meeting, the RBA reiterated that it expects a period of stable interest rates as they “are working to support demand.”

EUR/USD
EUR/USD hit 1.3596 during European morning trade, the pair’s lowest since July 11; the pair subsequently consolidated at 1.3596, edging down 0.17%. The pair was likely to find support at 1.3576, the low of July 7 and resistance at 1.3640, Monday’s high. In a report, the ZEW Institute said its index for economic sentiment in Germany fell to a 19-month low of 27.1 in July, from a reading of 29.8 the previous month. Analysts had expected the index to to tick down to 28.0 this month.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7175- TG: 1.7195/ 1.7235 SL 1.7145
2. Sell GBP/USD Below 1.7150- TG: 1.7130/ 1.7100 SL 1.7180

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

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