Comex Gold Signal







  • Gold prices fell sharply amid dollar strength following a jobs report showing the US economy created more jobs than expected in January, while signs of wage growth lifted investor expectations for a faster pace of rate hikes. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose by $9.80, or 0.73%, to $1,337.80 a troy ounce. The Labor Department said Friday, U.S. non-farm payrolls rose by 200,000 jobs in January.
  • Crude oil prices continued to decline on Monday, as rising U.S. production offset optimism surrounding global suppky cut efforts to drain the market of excess supplies. The U.S. West Texas Intermediate crude March contract was down 78 cents or about 1.19% at $64.67 a barrel by 04:00 a.m. ET (08:00 GMT). Elsewhere, Brent oil for April delivery on the ICE Futures Exchange in London lost 91 cents or about 1.33% to $67.67 a barrel, the lowest since January 8.
  • Natural gas futures started the week off in negative territory on Monday, after updated weather forecasting models showed that temperatures won’t be as cold as previously expected through both the upcoming six- to 10-day and eight – to 14-day periods. Front-month U.S. natural gas futures slumped 4.9 cents, or around 1.7%, to $2.796 per million British thermal units (btu) by 9:20AM ET (1420GMT).


  • The federal government’s first partial shutdown of the year came to a close just 14 days ago. Already, another shutdown is bearing down on Congress. Because of the short-term nature of the funding agreement that ended the shutdown, lawmakers have only until the end of the day on February 8 to pass another bill to keep the government open. If the government enters into another shutdown, it would also be theshortest time between government shutterings since 1984.
  • Jerome Powell takes over as chair of the Federal Reserve just asnew figures show earnings and inflation edging up. It’s good news that the recovery is helping wages to rise faster and bringing inflation closer to the Fed’s target of 2 percent — but as last week’s big drop in equity prices suggests, it also complicates Powell’s job. Though the central bank has been gently reducing its monetary stimulus in recent months, its policy is still very expansionary. Powell needs to prepare investors for a faster withdrawal of this support.
  • Global institutional pension fund assets in the world’s 22 biggest markets hit a record $41.3 trillion in 2017, a study on Monday showed. Total assets grew $4.8 trillion over the year, the study by the Thinking Ahead Institute, a global notfor-profit member organization, and consultants Willis Towers Watson said, the largest yearly growth in dollar terms in the last 20 years.



Market Outlook

Dow Jones made a remarkable turnaround tonight from an opening low of more than 300 pts down to now (12 midnight) of only 24pts down.

dowjones 6feb

However, regional markets wild volatility is expected to stay for awhile.  Punters and newbies trading on contra are advised to stay sidelined until a clearer signal emerged. For investors, it is an opportunity to collect fundamentally sound counters by averaging downwards as we don’t really know the bottom.

As it is, our local market breath is still sound and the underlying fundamentals are still good plus the buoyant election fever is still intact.Be prudent in your investment decisions and if you insist to trade; take note & be disciplined on you Stop Loss strategy.

Counters to watch:
2. DRB
3. FGV
7 VS

A relook at oil counters should be in the book.


Join us for news updates related to the market - https://goo.gl/XudT4X

Join our network of successful traders https://chat.whatsapp.com/Bg7KVUAxHEwImiQmnftjTD


U.S. stocks fell sharply on Friday

US Market :

U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher. Friday marked the first time since June 2016 that the Dow fell at least 500 points. The major indexes posted their worst weekly performance in two years. The benchmark 10-year yield rose to 2.85 percent.

blog market news

Europe Market :
European equities closed lower on Friday afternoon as investors digested further earnings reports. All European indices close the Friday session lower. In Germany Deutsche Bank reported a net loss of about 497 million euros for 2017.

Precious Metal Gold :
Gold prices declined on Friday as the U.S. dollar ticked up against the euro after U.S. jobs data showed a robust rise in jobs and wages and 10-year U.S. Treasury yields peaked.

Crude Oil :
Oil prices fell on Friday as the stock market slumped on concerns about rising interest rates and as the U.S. dollar firmed up following a strong U.S. jobs report.

Indices & Commodities :
DJIA: 25,520.96 (-665.75)
S&P500: 2,762.13 (-59.85)
NASDAQ: 7,240.95 (-144.92)
DAX: 12,785.16 (-218.74)
FTSE: 7,443.43 (-46.96)
EuroStoxx50: 3,524.97 (-52.38)
Comex Gold: 1,337.3 (-10.6)
Comex Copper: 3.1875 (-.0215)
WTI Crude Oil: 65.45 (-.35)
Brent Crude Oil: 68.58 (-1.07)

Economic Events :
5.30PM – GBP Services PMI (Jan)
11.00PM – USD ISM Non-Manufacturing PMI (Jan)
12.00AM – EUR ECB President Draghi Speaks

FX & Bonds :
USD/MYR – 3.887
EUR/USD – 1.245
GBP/MYR – 5.491
AUD/MYR – 3.081
SGD/MYR – 2.946
Msia 10 yr Bond Yield ? 3.89%

2/2/2018 Bursa Trade Stat :
Retail – net BUY 5.0mil
Institution – net SELL 233.5mil
Foreign – net BUY 228.5mil
Total traded value 3250.8mil


Join us for news updates related to the market - https://goo.gl/XudT4X

Join our network of successful traders https://chat.whatsapp.com/Bg7KVUAxHEwImiQmnftjTD



Today’s Comex Gold Signal and Daily Report


Comex Gold Signal


5 feb1





  • Gold prices moved higher on Friday, as sentiment on the U.S. dollar remained vulnerable ahead of a key U.S. employment report due to be released later in the day. Comex gold futures were up 0.28% at $1,351.60 a troy ounce by 03:00 a.m. ET (07:00 GMT). Market participants were looking ahead to the U.S. nonfarm payrolls report due later Friday, for further indications on the strength of the job market.
  • Surging shale oil production in Texas and North Dakota is being felt on trading desks in Chicago, Houston and New York, where a brisk business in West Texas Intermediate crude futures is far outpacing contracts for LondonbasedBrent crude. As the United States approaches a record 10.04 million barrels of daily production, trading volumes of so-called “WTI” futures exceeded volumes of Brent crude in 2017 by the largest margin in at least seven years.
  • Natural gas futures declined on Thursday, falling to the lowest levels of the session after data showed that domestic supplies in storage fell less than forecast last week. Front-month U.S. natural gas futures sank 14.2 cents, or around 4.7%, to $2.853 per million British thermal units (btu) by 10:32AM ET (1532GMT), the weakest level since Jan. 9. Futures were at around $2.888 prior to the release of the supply data.


  • The Bank of England will find itself facing a question next week that is set to trouble many other central banks this year – does an unexpectedly strong global economy mean it should press ahead with raising interest rates? For the BoE – and its Indian, Australian and New Zealand counterparts – the answer over the next few days is likely to be no, as domestic uncertainties for now outweigh the inflationary pressure of a powerful global upswing.
  • A low, “flat tax” rate for individuals and businesses alike can invigorate Italy’s economy, reduce tax evasion and strengthen public finances, a close ally of Silvio Berlusconi and possible future economy minister told Reuters. Renato Brunetta, leader of Berlusconi’s Forza Italia (Go Italy!) party in the lower house of parliament, said a flat tax would be the centre-piece of the campaign by the center-right alliance, which is expected to win the most seats in a March 4 election.
  • Europe is not ready for another economic downturn and the next crisis could test the limits of the European Central Bank, potentially pushing interest rates much deeper into negative territory, ECB board member Benoit Coeure said on Friday. Having fought off Europe’s debt crisis with a 2 trillion euro spending spree, some ECB officials are concerned that governments have used their time poorly, failing to improve the bloc’s shock absorption capacity and leaving it vulnerable to future shocks.



Gold Comex Signal





  • Gold prices edged higher on Wednesday, as investors looked ahead to the outcome of the Federal Reserve’s policy meeting, the last under the leadership of Janet Yellen before she hands the chairmanship over to Jerome Powell. Comex gold futures were up around $7.00, or 0.5%, to $1,342.30 a troy ounce by 3:00AM ET (0800GMT). It fell to a one-week low of $1,332.80 in the last session.
  • The delivery of oil and oil products to North Korea should not be reduced, Moscow’s ambassador to Pyongyang was cited as saying by RIA news agency on Wednesday, adding that a total end to deliveries would be interpreted by North Korea as an act of war. The U.N. and United States have introduced a wave of sanctions aimed at curbing North Korea’s development of nuclear weapons, including by seeking to reduce its access tocrude oil and refined petroleum products.
  • Oil prices are unlikely to advance much higher than $70 a barrel in 2018, with the market caught between the opposing forces of OPEC-led production cuts and surging U.S. output, a Reuters poll showed on Wednesday. The survey of 34 economists and analysts forecast that Brent crude will average $62.37 a barrel in 2018, up from the $59.88 forecast in the previous monthly poll.


  • Global investors trimmed equity holdings by 1.2 percentage points in January, concerned that markets have grown complacent after a thundering bull run and seeing risks of an inflation wake-up call. Reuters’ monthly asset allocation poll of 50 wealth managers and chief investment officers in Europe, the United States, Britain and Japan showed growing caution about equities even as world stock markets (MIWD00000PUS) surged to fresh highs in January after repeatedly smashing records in 2017.
  • New U.S. sanctions will follow the publication of a list of Russian billionaires and top Russian officials, Treasury Secretary Steve Mnuchin said on Tuesday. Mnuchin said the “oligarchs list” wasn’t delayed by the Trump administration after it was published late Monday, just as a congressionally mandated deadline was set to expire. While Treasury emphasized that people on the list are not necessarily subject to U.S. sanctions, the report has been denounced by the Russian government, which says it will further hurt relations with the U.S.
  • The European Central Bank will not be too hasty in ending its 2.55 trillion euro ($3.17 trillion) bond purchase program as inflation is still not moving decisively toward its target, executive board member Benoit Coeure said on Wednesday. With the euro zone economy booming and employment at record highs, pressure has been building on the bank to curb stimulus as the 19-member currency bloc is close to exhausting its spare capacity.

FGV made a High of 2.09

KLCI: 1,838.04 (+4.89 pts)

DOW: 26,210.81 (-3.79 pts)
MSCI ASIA Pac (MXAP): 186.32 (+2.41 pts)
FCPO: RM2,494 / MT (+19)
BRENT: US$69.96 / bbl (+0.93)
USD: 3.927 (-0.007 pts)
SGD: 2.977 (-0.002 pts)
EUR: 4.809 (-0.006 pts)
GBP: 5.483 (+0.016 pts)
US: 10-yr yield (-0.04 to 2.61%)
BNM: 10-yr yield (-0.01 to 3.92%)

Cut off time: 7.45 am (24 Jan 2018)

01 (2)

Epic Research Pte. Ltd. is conducting a free seminar in KL
on 27 January
Book here – https://goo.gl/yvvWDp
Stocks Seminar on 27 January “Trading 2018 – *Know this year’s Stocks & Sectors Outlook*” to find out how you can boost your income.
Seminar Time – 2 – 4pm
Address – Ispace, Plaza VADS, Level 9 1, Jalan Tun Mohd Fuad Taman Tun Dr Ismail, Kuala Lumpur 60000 Malaysia
Bring your Friend to the Seminar and Get a chance to win Free Services up to 1 Year.
!!!! Entries are Free !!!!
Register here – https://goo.gl/yvvWDp and get more details




Trading 2018 – Know this year’s Stocks & Sectors Outlook

Epic Research is conducting a free seminar in KL on 27 January.
Stocks Seminar on ‘Trading 2018 – Know this year’s Stocks & Sectors Outlook’ and find out how you can boost your income.

Register here – https://goo.gl/Fpt6A2 and get more details

Seminar Time – 2 – 4pm

Address – Ispace, Plaza VADS, Level 9 1, Jalan Tun Mohd Fuad Taman Tun Dr Ismail, Kuala Lumpur 60000 Malaysia

03 (2)
Bring your Friend to the Seminar and Get a chance to win Free Services up to 1 Year. After the Seminar we will send you a code on your mobile and that code will reveal free services in days.
Entries are Free





 Daily Comex Signal and Financial News




  • Gold prices bounced back on Thursday, erasing earlier losses as the greenback broadly weakened after the release of downbeat U.S. data dampened optimism over the strength of the economy. Comex gold futures were up 0.20% at $1,322.10 a troy ounce by 08:35 a.m. ET (12:35 GMT), off session lows of $1,316.10. The U.S. Department of Labor reported on Thursday that initial jobless claims increased to 261,000 last week, compared to expectations for a drop to 246,000.
  • Crude oil prices remained at three-year highs on Thursday, as optimism dominated following news this week of another decline in U.S. crude stockpiles. The U.S. West Texas Intermediate crude February contract was up 85 cents or about 1.34% at $64.42 a barrel by 10:00 a.m. ET (14:00 GMT), the highest since December 2014. Elsewhere, Brent oil for March delivery on the ICE Futures Exchange in London gained 27 cents or about 0.39% to $69.48 a barrel, just off a fresh three-year peak of $69.59 hit earlier in the day.
  • Natural gas futures surged on Thursday, hitting their highest level in a week after data showed the largest withdrawal on record in U.S. supplies in storage. U.S. natural gas futures jumped 9.5 cents, or around 3.3%, to $3.002 per million British thermal units by 10:45AM ET (1545GMT). Futures were at around $3.015 prior to the release of the supply data.


  • China’s hints that it may slow purchases of U.S. government debt gave Treasury Secretary Steve Mnuchin and his team a test-run on debt market shocks. The episode, prompted by a Bloomberg News report that sent 10-year Treasury yields to their highest level in 10 months before recovering, highlights a staffing gap in the Office of Domestic Finance that pre-dates Mnuchin. That’s the arm of the department that would deal with a disruption in debt markets that a major shift in Chinese policy could precipitate.
  • The majority of economists believe that the Federal Reserve will hike rates in March with a second move higher arriving in June, according to a survey released on Thursday. A monthly Wall Street Journal survey of approximately 60 economists showed that 92.5% of them believe the Fed will hike rates at its March 28 decision.
  • The United States must be taken seriously when it says it might walk away from NAFTA, Canada’s foreign minister said on Thursday, a day after government sources said Ottawa was increasingly convinced U.S. President Donald Trump would pull the plug. Chrystia Freeland also told reporters that Canada had come up with some creative ideas in a bid to solve the toughest challenges facing negotiators when they meet for the sixth and penultimate round of talks to modernize the North American Free Trade Agreement later this month.








  • Gold prices were hovering near four-month highs on Wednesday, as sentiment on the U.S. dollar weakened ahead of retail sales and inflation reports due at the end of the week. Comex gold futures were up 0.69% at $1,322.80 a troy ounce by 08:30 a.m. ET (12:30 GMT), just off a four-month peak of 1,328.60 hit earlier in the day. The U.S. dollar received no support after official data on Wednesday showed that U.S. import prices rose less than expected in December, while export prices unexpectedly fell.
  • Crude prices held on to gains on Wednesday, staying close to their strongest level in around three years after data showed U.S. oil supplies fell more than forecast last week. The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 4.9 million barrels in the week ended Jan. 5. That compared with analysts’ expectations for a decline of 3.9 million barrels, while the American Petroleum Institute late Tuesday reported a supply-drop of 11.2 million barrels.
  • Natural gas futures ticked higher for the third session in a row on Wednesday, as investors speculated this week’s supply report will show the largest drop on record as cold weather boosts demand. U.S. natural gas futures tacked on 1.9 cents, or around 0.7%, to $2.942 per million British thermal units (btu) by 8:15AM ET (1315GMT). It surged 8.8 cents, or 3.1%, on Tuesday as freezing temperatures stoked demand for the heating fuel across the U.S. Northeast.


  • Canada has launched a wide-ranging trade dispute against the United States, challenging Washington’s use of antidumping and anti-subsidy duties, Canada said in WTO filing dated Dec. 20 and published on Wednesday. Canada appeared to be mounting a case on behalf of the rest of the world, since it cited almost 200 examples of alleged U.S. wrongdoing, almost all of them concerning other trading partners, such as China, India, Brazil and the European Union
  • Chicago Federal Reserve Bank President Charles Evans on Wednesday said that in late 2017 when the rest of his Fed colleagues decided to raise interest rates for a third time, he wanted to wait until mid-2018. While most of his colleagues believe that a strengthening labor market will boost inflation this year, justifying higher interest rates, Evans said he has seen that forecast for several years running and it has not panned out.
  • The Federal Reserve Bank of Minneapolis on Wednesday called for U.S. regulators to raise capital requirements for the largest U.S. banks, saying they are still ‘too big to fail’ despite a slew of reforms introduced following the 2008 financial crisis. The academic study estimates there is still a 67 percent chance of a tax-payer funded bail out over the next 100 years and that common equity requirements for banks with assets exceeding $250 billion should be “dramatically” increased.Recent indications show some Fed officials remain worried about stubbornly low inflation. That suggests a more cautious approach to additional rate hikes.

Today’s Comex signal and Daily Report

                                   Comex signal


10 jan1




  • Gold’s outperformed most major assets since the U.S Federal Reserve last month raised interest rates — even bitcoin. “Since the December hike, gold is beating stocks, the dollar and bitcoin,” Bloomberg Intelligence analyst Mike McGlone wrote in a note. “Unless greenback weakness reverses, gold should shine.” The metal’s sparkling performance in the face of tighter rates, though counter-intuitive, has become the norm.
  • Crude oil prices continued to rise and were trading near multi-year highs on Tuesday, as a decline in U.S. oil rigs and supply cuts by major oil producers continued to support the commodity. The U.S. West Texas Intermediate crude February contract was up 22 cents or about 0.36% at $61.95 a barrel by 04:00 a.m. ET (08:00 GMT), just off a fresh two-and-a-half year high of $62.27 hit overnight.
  • Gold prices fell slightly in Asia on Tuesday even as a weaker dollar offered some support and Japan wages data showed a surprise upside. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange dipped 0.05% to $1,319.70 a troy ounce. The US dolalr index fell 0.11% to 91.98. Japan reported average cash earnings for November jumped 0.9%, well above the 0.6% expected and overtime pay soared 2.60% compared to a 0.60% rise seen.


  • Ireland’s corporate tax offering that has attracted many large multinationals to the country will remain competitive even as the equivalent corporate tax rate in the United States is slashed, Ireland’s finance minister said on Tuesday. “The proposition that we offer … will continue to be competitive, even against the context of changes being made in the U.S. .. and the UK,” Paschal Donohoe told a news conference.
  • President Emmanuel Macron offered on Tuesday to open up the French economy to Chinese investment in exchange for greater access to China’s booming markets, warning in talks in Beijing that existing trade imbalances would lead to protectionism. On the first state visit of his eight-month-old presidency, Macron is hoping greater openness from China, coupled with lobbying from the 50-strong business delegation traveling with him, will help narrow the 30-billioneuro ($36 bln) trade deficit Paris runs with Beijing.
  • Normally with an enormous tax cut package on the way, U.S. Federal Reserve policymakers would be expecting a spike in inflation. But given the unusual behavior of inflation since the Great Recession of 2009, normal may not be the case. Despite years of economic growth, the Fed’s preferred inflation gauge has yet to reach the central bank’s target level of 2%. At its worst in 2017, inflation rose st a 1.8% annual rate. Nevertheless, the central bank has raised interest rates on a steady basis since the end of 2015.
© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.