7Sep

Malaysia’s total trade to surpass RM1.5 trillion

The Malaysian Government is sure that the nation’s trade will outperform the RM1.5 trillion check this year, driven by the worldwide interest for electrical and hardware (E&E) items. Worldwide Trade and Industry Minister II Datuk Seri Ong Ka Chuan said Malaysia’s total exchange this year outperformed RM1 trillion in only seven months – an assume that is typically achieved facilitate in the year.

RAY_2475

“The E&E segment is still extremely lively and the pattern is developing more grounded,” he said at an instructions on the Central i-City shopping center here, today.

“The interest for E&E… indeed, even one year from now, will keep on being dynamic and we don’t see it backing off. This year, we can outperform RM1.5 trillion minimalistically.”

Malaysia’s exchange outperformed the one trillion stamp in January-July 2017, with an estimation of RM1.008 trillion, extending by 22.7% from the comparing time frame in 2016. Information from the Statistics Department demonstrated that the nation’s fares in July extended 30.9% year-on-year (y-o-y), driven by outer interest for E&E and oil based commodities, and shipments of melted flammable gas. This was an increasing speed from the 10% y-o-y development enrolled in June, and surpassed the agreement gauge of 15 financial specialists surveyed by Bloomberg for a 23% y-o-y send out development in July.

6Sep

Daily News Update Malaysia (KLCI|FBM) 6 September 2017

6 September 2017, Wednesday

IMG-20170906-WA0001

Bursa Malaysia:

FBM KLCI ended in the negative territory after a gap-up move towards 1,786 level upon the opening bell. On the broader market, most of the China-linked counters such as CSL, MAXWELL and CNOUHUA were traded actively.

US Market :
U.S. equities fell on Tuesday, the first trading day of the week, as tension between North Korea and the West sent jitters down Wall Street. North Korea successfully tested a hydrogen bomb that can be mounted onto an intercontinental ballistic missile. This was North Korea’s sixth nuclear test since 2006 and its most powerful to date.

Europe Market :
European markets came under pressure by the end of Tuesday’s trade, as a weak performance from Wall Street and geopolitical concerns weighed on investor sentiment.

Precious Metal Gold :
Gold rose slightly on Tuesday as prices remain underpinned by safe-haven demand because of continued concern over North Korea’s nuclear posturing.

Crude Oil :

Oil and gasoline prices snapped back to levels seen before Hurricane Harvey disrupted about a quarter of U.S. refining capacity, but another incoming storm could cut fuel demand and weigh on prices, analysts said on Tuesday.

Indices & Commodities :
DJIA: 21,753.31 (-234.25)
S&P500: 2,457.85 (-18.70)
NASDAQ: 6,375.57 (-59.76)
DAX: 12,123.71 (+21.50)
FTSE: 7,372.92 (-38.55)
EuroStoxx50: 3,422.63 (-7.79)
Comex Gold: 1,344.5 (+14.1)
Comex Copper: 3.1280 (+.0100)
WTI Crude Oil: 48.66 (+1.37)
Brent Crude Oil: 53.38 (+.63)

Economic Events :
9.30AM – AUD GDP (QoQ) (Q2)
10.00PM – USD ISM Non-Manufacturing PMI (Aug)
10.00PM – CAD BoC Interest Rate Decision

FX & Bonds :
USD/MYR – 4.260
EUR/USD – 1.192
GBP/MYR – 5.556
AUD/MYR – 3.410
SGD/MYR – 3.147
Msia 10 yr Bond Yield ? 3.87%

5/9/2017 Bursa Trade Stat :
Retail (20.07%) – net SELL 4.5mil
Institution (46.02%) – net SELL 98.57mil
Foreign (33.91%) – net BUY 103.07mil
Total traded value 2177.58mil



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24Aug

24th Forex Live Update !!

NZ July exchange adjust amazements to the upside – Westpac

 

New Zealand’s exchange adjust astonished to the upside with an overflow of $85 million for the long stretch of July, notes Shyamal Maharaj, Economist at Westpac.

Key Quotes

“New Zealand’s stock exchange astonished to the upside in July with $85m overflow, over our gauge of a $200m shortage. This is the principal surplus we have found in July since 2012. This saw the yearly shortage dropping back to $3.2b, supported by a 17% ascent in trades. The ascent in sends out finished the previous year returned on the of a 51% surge in dairy trades (up $426m), the biggest ascent in any month since March 2014.”

“In occasionally balanced terms, sends out rose by 6.7%, after a direct ascent in June 2017. Dairy and meat sends out kept on posting increases throughout the month and show solidness in the general request condition, particularly with the ascent of fares to China.”

“Imports ascended by 2% in July, following a 3.7% decrease in June on a regularly balanced premise. Vehicle imports keep on being a key driver.”

22Aug

Bursa Malaysia News Update 22 August 2017

22 August 2017, Tuesday

Bull_Market

US Market :

U.S. equities closed mostly higher on Monday but a decline in tech and financials kept a lid on gains. Technology has been the best-performing sector this year, advancing more than 20 percent in that time period. Financials, meanwhile, have spiked nearly 5 percent over the past three months after a slow start to 2017.

Europe Market:

European markets closed lower on Monday amid persistent geopolitical uncertainty, though mining stocks helped to limit losses. Falls followed a fragile Asian session which saw investors move away from riskier assets amid joint U.S. and South Korean military drills.

Precious Metal Gold :

Gold rose on Monday as tensions over North Korea fueled safe-haven demand, while doubts about U.S. President Donald Trump’s ability to enact pro-business policies pushed U.S. bond yields to near two-month lows and weakened the dollar.

Crude Oil :

Oil prices fell more than 2 percent on Monday, pulling back from last week’s rally fueled by signs that the global market is starting to rebalance from chronic oversupply.

Indices & Commodities :

DJIA: 21,703.75 (+29.24)

S&P500: 2,428.37 (+2.82)

NASDAQ: 6,213.13 (-3.40)

DAX: 12,065.99 (-99.20)

FTSE: 7,318.88 (-5.10)

EuroStoxx50: 3,421.58 (-24.45)

Comex Gold: 1,296.7 (+5.1)

Comex Copper: 2.9805 (+.0410)

WTI Crude Oil: 47.53 (-1.13)

Brent Crude Oil: 51.66 (-1.06)

Economic Events :

5.00PM – EUR German ZEW Economic Sentiment (Aug), German ZEW Current Conditions (Aug)

5.00PM – EUR ZEW Economic Sentiment

6.00PM – GBP CBI Industrial Trends Orders (Aug)

8.00PM – EUR ECB’s Constancio Speaks

8.30PM – CAD Core Retail Sales (MoM) (Jun), Retail Sales (MoM) (Jun)

FX & Bonds : 

USD/MYR – 4.287

EUR/USD – 1.180

GBP/MYR – 5.528

AUD/MYR – 3.402

SGD/MYR – 3.150

Msia 10 yr Bond Yield ? 3.97%

CLOSURE OF BURSA MALAYSIA IN CONJUNCTION WITH NATIONAL DAY AND HARI RAYA AIDILADHA

In conjunction with the National Day and Hari Raya Aidiladha celebrations, Bursa Malaysia Berhad and its subsidiaries will be closed on the following dates:

 Thursday, 31st August 2017

Friday, 1st September 2017

Bursa Malaysia and its subsidiaries will resume operations on Monday, 4th September 2017.


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18Aug
Forex today: risk sentiment affected by Barcelona 'Terror Attack'

Forex today: chance assessment influenced by Barcelona ‘Fear Attack’

Forex today unfortunately saw and exchanged upon the stunning monstrosities that happened on the vigorously populated traveler segment of Barcelona, Las Ramblas, where a contracted van pushed through several blameless individuals killing no less than 13 and leaving numerous more honest harmed.

US Treasuries and the yen were the primary sponsors while the DXY matched back early increases earned by promising information on the day. US stocks were getting hammered on the back of the assaults and alongside facilitate political worries in the Trump organization.

For information, there was a slight miss in US mechanical generation that came in at 0.2% in July versus 0.3% expected, however vitally, the assembling overviews were certain. US week by week starting cases were 232,000, an abatement of 12,000 from the earlier week. We additionally had Fed speakers Kaplan and Kashkari, neither of which could offer much in the method for bullish viewpoints for the US economy and Kaplan was especially timid.

A speedy look at the score board, the euro was down – 0.31% at 1.1729, USD/JPY – 0.63% at 109.50, GBP/USD – 0.16% at 1.2870, USD/CHF – 0.33% at 0.9626. Wares were blended with gold higher by 0.30% at $1,288.25 and WTI was down – 0.26%. Copper was higher +0.24%. AUD/USD was down – 0.43%, USD/CAD +0.41% and the Kiwi – 0.36%.

 

 

10Aug

Malaysian palm oil value sees most grounded picks up in 2 weeks

BURSA Malaysia Derivatives Bhd is expected to settle more than 12 million crude palm oil futures (FCPO) contracts this year, said chief executive officer Jamaluddin Nor Mohamad.

Crude-Palm-Oil

“In the last five years, the palm oil trading volume on the futures market has doubled. Back in 2012, it was only six million contracts. This year, we are expected to surpass 12 million contracts,” he said in a recent interview.

Bursa Malaysia introduced the FCPO contract in 1980. It has now grown into a globally-trusted product that is accessible and tradeable on the Globex trading platform via partnership with CME.The FCPO is a preferred hedging tool among the world’s edible oil traders. Within Bursa Malaysia’s suite of derivatives products, the FCPO contract is the most popular.For the past 30 years, Bursa Malaysia has been the leading benchmark for the world’s palm oil price discovery marketplace.

Today, Malaysia produces some 20 million tonnes of palm oil a year, of which about 19 million tonnes are shipped out of the country. The palm oil industry is an important foreign exchange earner for Malaysia.

10Aug
Ringgit could expand picks up on a tentative Fed

Ringgit could broaden picks up on a hesitant Fed

The ringgit — floated by more grounded security and value yields in the nation — is probably going to exchange at RM4.25 against the greenback due to uplifted territorial hazard, said examiners.

Oanda Corp head of exchanging for Asia Pacific Stephen Innes said the frail US dollar execution has prompted an influx of yield bid all through the locale, with financial specialists purchasing ringgit-named securities and underestimated values.

“It has been a steady topic on the back of lukewarm US expansion information, which has seen a reasonable piece of local inflow with the ringgit profiting,” Innes disclosed to The Malaysian Reserve (TMR).
For the main portion of the schedule year (1H17), Malaysia issued RM51.6 billion worth of bonds — speak to ing a 45% expansion from a similar period a year ago.

Worldwide assets have additionally begun to come back to the Malaysian bond space this year, purchasing RM15 billion amid April and May, versus RM59 billion offer offs recorded for five straight months up to March, said Innes.

In the mean time, the ringgit performed 0.06% higher against the greenback at RM4.2875 as at 2.45pm yesterday.

Since the begin of 2H17, the Malaysian cash has been moderately steady up to August, running from a high of RM4.3008 to a low of RM4.2580.

Innes said Bank Negara Malaysia’s (BNM) move to change its money arrangement has brought about the security of the ringgit.

“Malaysia’s large scale prospects look engaging and cash soundness through the national bank’s strategy is working,” Innes said.

“While a few concerns stay over household liquidity, BNM’s more changed cash arrangement has speculators cheering,” he included.

9Aug

Malaysia Market Update 9 AUGUST 2017

Malaysia Market Update 9 AUGUST 2017, Wednesday

FB-Petrol-price-announcement-Aug2017-1

KLCI: 1,781.65 (+3.74 pts)
DOW: 22,085.34 (-33.08 pts)
MSCI ASIA Pac (MXAP): 161.27 (-0.00 pts)
FCPO: RM2,629 / MT (+55)
BRENT: US$52.14 / bbl (-0.23)
USD: 4.285 (+0.001 pts)
SGD: 3.147 (+0.003 pts)
EUR: 5.061 (+0.007 pts)
GBP: 5.588 (+0.001 pts)
US: 10-yr yield (+0.01 to 2.26%)
BNM: 10-yr yield (0.00 to 3.99%)

 


 

US: Wall Street ended mostly lower as investors turned cautious with the renewed geopolitical tension following a comment by Donald Trump on Twitter. However, selected commodities such as gold and crude oil prices closed higher.

Asia: Asian key benchmark indices ended on a mixed note following the release of a weaker-than-expected China July trade data. The Nikkei 225 trended 0.30% lower as US dollar slipped against Japanese yen.

Bursa Malaysia: Stocks on the local front were seeing divergence among heavyweights and the small cap stocks. Heavyweights were ended higher, while FBM Small Cap and FBM ACE declined 0.30% and 1.26% respectively as technology stocks were beaten down amid increasing selling pressure.


Outlook: With the heightened geopolitical jittery, coupled with the upcoming US core CPI data, we think it may be the start of the retrenchment process on Wall Street and the Dow’s upside may be capped around 22,200. Meanwhile, sentiments on our local front would stay mixed with cautious trading sentiment. Nevertheless, traders are likely to bargain hunt on technology stocks following the recent sharp fall.


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8Aug

Gold costs floated higher in listless trade on Tuesday

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Gold costs floated higher in  listless trade on Tuesday, as market players looked forward to monthly U.S. inflation indicators due later in the week for fresh hints on the planning of the following Federal Reserve rate hike.

A report on producer prices for July is expected out on Thursday and the buyer value expansion report will be discharged on Friday.

Comex gold futures for August were at $1,265.95 a troy ounce by 3:25AM ET (0725GMT), up $1.20, or around 0.1%.

Gold costs finished for the most part level however in a positive area on Monday.

The yellow metal has been very much upheld as of late as fading desires for a third Fed rate hike this year joined with extending political turmoil in the White House helped the interest of the valuable metal.

Somewhere else on the Comex, silver fates shed 2.7 pennies, or around 0.2%, to $16.22 a troy ounce. It tumbled to its most reduced since July 18 at $16.09 on Monday.

Then, copper prospects declined 0.9 pennies, or around 0.3%, to $2.898 a pound, after China revealed weaker-than-foreseen fares and imports for July, raising worries about whether worldwide request is beginning to cool.

The Asian country is the world’s biggest copper purchaser, representing just about 45% of world utilization a year ago.

8Aug
CURRENCIES VS U.S. DOLLAR

CURRENCIES VS U.S. DOLLAR AUGUST 2017

The following table shows rates for Asian currencies against the dollar at 0145 GMT.

    CURRENCIES VS U.S. DOLLAR
    
  Change on day at 0145 GMT :
  Currency                Latest  Previous    Pct
                             bid       day   Move
  Japan yen              110.670    110.73  +0.05
  Sing dlr               1.361      1.3626  +0.14
  Taiwan dlr             30.208     30.234  +0.09
  Korean won             1126.20    1127.1  +0.08
                         0                  
  Baht                   33.270     33.323  +0.16
  Peso                   50.360     50.355  -0.01
  Rupiah                 13319.0     13320  +0.01
                         00                 
  Rupee                  63.795      63.80  +0.00
  Ringgit                4.282       4.282  +0.00
  Yuan                   6.713      6.7214  +0.13
                                                 
  Change so far in 2017                          
  Currency               Latest   End 2016    Pct
                         bid                 Move
  Japan yen              110.670    117.07  +5.78
  Sing dlr               1.361      1.4490  +6.49
  Taiwan dlr             30.208     32.279  +6.86
  Korean won             1126.20   1207.70  +7.24
                         0                  
  Baht                   33.270      35.80  +7.60
  Peso                   50.360      49.72  -1.27
  Rupiah                 13319.0     13470  +1.13
                         00                 
  Rupee                  63.795      67.92  +6.47
  Ringgit                4.282      4.4845  +4.73
  Yuan                   6.713      6.9467  +3.49

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