2Aug
comex

Comex Trading Signals and Market News – 02 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell back towards April lows in North American trade on Monday, reapproaching bear market territory as signs of increasing production in the U.S. and rising output among members of the Organization of the Petroleum Exporting Countries weighed.Crude oil for September delivery on the New York Mercantile Exchange fell to a session low of $40.88 a barrel.
  • Gold prices edged lower in European trade on Monday, as investors looked to buy into rising equity markets rather than purchasing safe-haven assets, but prices held near three-week highs amid waning expectations that the Federal Reserve will raise interest rates anytime soon.
  • Silver futures were trading higher during the afternoon trade in the domestic market on Monday as traders widened their bets tracking a firm trend at global markets. Silver rallied as speculative position created by participants driven by firm global trend as the dollar weakened and the US economy grew less-than-expected in the second quarter boosting demand for the precious metals as a store of value supported the prices of white metal at the futures trade.

ECONOMY NEWS :

  • Prime Minister Theresa May will on Tuesday outline her bid to reshape the British economy for a post-Brexit world, reviving the once unfashionable concept of industrial policy 30 years after Margaret Thatcher killed it off. May will chair the first meeting of the “Cabinet Committee on Economy and Industrial Strategy” in her Downing Street Offices, bringing together the heads of 11 other ministries to set out her vision for a state-boosted industrial renaissance.
  • Banks tightened lending standards for commercial and industrial loans in the second quarter, according to a survey of loan officers released on Monday by the Federal Reserve.At the same time, lending standards to households were little changed overall compared to the previous quarter.Most banks said their reasons for more stringent standards in lending to businesses were “a less favorable or more uncertain economic outlook, worsening of industry-specific problems, and reduced tolerance for risk,” the survey said.
  • Japanese Prime Minister Shinzo Abe’s cabinet is set to approve on Tuesday 13.5 trillion yen ($132.04 billion) in fiscal steps as part of efforts to revive the flagging economy with cash payouts to low-income earners and infrastructure spending. The package is expected to include 7.5 trillion yen in spending by the national and local governments, and earmarks 6 trillion yen from the Fiscal Investment and Loan Programme, which is not included in the government’s general budget.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1350.2 TARGET 1355.2 1361.2 SL BELOW 1345.2
  • SELL GOLD BELOW 1346.5 TARGET 1341.5 1335.5 SL ABOVE 1351.5

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

2Aug
forex-market-hours

IForex Market Trading Signals and News – 02 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD edges lower on weak U.K. PMI report
  • Forex – Aussie holds steady, kiwi edges higher in late trade
  • Forex – Aussie retraces earlier losses as China PMIs diverge

EUR/USD
EUR/USD is currently trading with a bearish bias. During the previous trading day on 29th July 2016, the pair traded perfectly long as previously forecasted and even hit our target resistance level 1.1185. We expect this level to mark the end of the five wave cycle with wave (5) ending at 1.1185-1.1188. Any bearish rebound from this level will signal the unfolding of a corrective three wave cycle to the lower side while a break above it will lead to a possible bullish price rally towards 1.1386. This pair should be traded alongside EUR/HKD, EUR/SGD, GBP/USD, AUD/USD, and NZD/USD. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

GBP/USD
The pound edged lower against the U.S. dollar on Monday, after the contraction in U.K. manufacturing activity in July was confirmed to be worse that initially estimated, fueling further concerns over the outlook for growth in Britain.GBP/USD hit 1.3201 during European morning trade, the session low; the pair subsequently consolidated at 1.3208, slipping 0.14%. Cable was likely to find support at 1.3070, the low of July 27 and resistance at 1.3305, the high of July 29.Research group Markit said its U.K. manufacturing purchasing managers’ index fell to 48.2 last month from a reading of 52.1 in June.It was the lowest level since early 2013 and worse than a preliminary report released on July 22 that had shown a drop to 49.1 in July.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3310 TGT 1.3340 1.3370 SL 1.3280
  • SELL GBP/USD BELOW 1.3100 TGT 1.3080 1.3050 SL 1.3130

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH MALAYSIA.

2Aug
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 02 August 2016

MARKET UPDATES :

  • The FBM KLCI index gained 11.97 points or 0.72% on Monday. The Finance Index increased 0.68% to 14283.49 points, the Properties Index dropped 0.05% to 1159.92 points and the Plantation Index rose 0.41% to 7593.3 points. The market traded within a range of 9.95 points between an intra-day high of 1666.50 and a low of 1656.55 during the session.
  • Actively traded stocks include THHEAVY, VIVOCOM, VIVOCOM-WB, M3TECH, PDZ, AAX, AAX-WA, HSI-H39, BORNOIL and MBSB. Trading volume decreased to 1781.94 mil shares worth RM2018.45 mil as compared to Friday’s 1902.61 mil shares worth RM2027.14 mil.
  • Leading Movers were GENM (+11 sen to RM4.40), CIMB (+11 sen to RM4.50), SIME (+18 sen to RM7.60), AMMB (+9 sen to RM4.39) and PETCHEM (+9 sen to RM6.64). Lagging Movers were HLFG (-14 sen to RM15.08), TM (-1 sen to RM6.82), MISC (-1 sen to RM7.50), PETGAS (-2 sen to RM22.16) and TENAGA (-0 sen to RM14.38). Market breadth was positive with 426 gainers as compared to 333 losers.
  • The KLCI started the week on a positive note, closing higher at 1665.23 points despite mixed performance in Wall Street on last Friday. The performance of our local bourse was buoyed by bargain-hunting.

STOCK RECOMMENDATION :

  • BUY HEVEAOARD BHD ABOVE 1.200 TARGET 1.240 1.290 SL 1.150

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

1Aug
gold-bars

Comex Trading Signals and Market News – 01 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the energy commodity tracking weakness overseas where prices fell on profit taking after a stellar rally in the previous session.The fuel had rallied 8 per cent in the international market on Thursday after a smaller than expected build in US storage levels signaled a pickup in demand for the fuel in the world’s biggest gas consuming nation.
  • Gold prices held steady at three-week highs on Friday, as the Bank of Japan’s stimulus measures disappointed market expectations and as the Federal Reserve’s decision to leave its monetary policy unchanged continued to support. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were little changed at $1,341.75.The August contract ended Thursday’s session 0.50% higher at $1,341.20 an ounce.
  • U.S. oil futures fell to fresh three-month lows on Friday, as concerns over a global glut of oil and refined products continued to dominate sentiment.U.S. crude futures for September delivery dropped 0.80% to a three-month low of $40.83 a barrel. On the ICE Futures Exchange in London, the October Brent contract tumbled 0.99% to $42.80 a barrel, the lowest since April.

ECONOMY NEWS :

  • The euro zone’s biggest banks would fare better in case of stress than two years ago as they have amassed capital and made headway in fixing their balance sheets, the European Central Bank said on Friday after a stress test of the bloc’s 37 biggest banks.The banks entered the test with an average Common Equity Tier 1 capital ratio of 13 percent, above the 11.2 percent two years ago, and would still hold a 9.1 percent capital ratio in case of an adverse scenario, above the 8.6 percent seen in 2014, the ECB said.
  • Dallas Federal Reserve Bank President Robert Kaplan said on Friday that the U.S. economy is making slow progress toward meeting the central bank’s objectives.”I’d say we are making slow but … sluggish progress to meeting our objectives,” Kaplan told a community bankers association in New Mexico.The Fed has a dual mandate of full employment and an inflation target of 2 percent.
  • Italian bank Monte dei Paschi di Siena has secured underwriters to back a turnaround plan involving the sale of 9.2 billion euros ($10.3 billion) in bad loans and a 5 billion euros capital increase, the lender said in a statement on Friday. The country’s third-largest lender said it had signed a pre-underwriting agreement with a consortium of Italian and international banks for the capital raising, and that a state-backed banking bailout fund, Atlante, had agreed to underwrite the sale of a portion of the bank’s riskier bad debts.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1355 TARGET 1360 1366 SL BELOW 1350
  • SELL GOLD BELOW 1351 TARGET 1346 1340 SL ABOVE 1356

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

1Aug
forex-market-hours

IForex Market Trading Signals and News – 01 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – EUR/USD gains some ground after E.Z. inflation report
  • Forex – GBP/USD edges higher on upbeat U.K. data
  • Forex – USD/JPY tumbles over 1% after BoJ stimulus disappoints

EUR/USD
The euro gained some ground against the U.S. dollar on Friday, after the release of positive euro zone inflation data and as the Federal Reserve’s inaction at its latest policy meeting continued to dampen demand for the greenback.EUR/USD 1.1103 during late European morning trade, the session high; the pair subsequently consolidated at 1.1096, up 0.17%. The pair was likely to find support at 1.1046, Thursday’s low and resistance at 1.1150, the high of July 15.In a preliminary report, Eurostat said on Friday that the euro zone’s consumer price index rose at an annualized rate of 0.2% in July, exceeding expectations for a 0.1% uptick and after a 0.1% gain the previous month. Core CPI, which excludes food, energy, alcohol and tobacco, increased by 0.9% last month, year-on-year, in line with expectations.

GBP/USD
The pound edged higher against the U.S. dollar on Friday, supported by the release of upbeat U.K. data and as the Federal Reserve’s decision this week to leave its monetary policy unchanged continued to weigh on the greenback.GBP/USD hit 1.3214 during European morning trade, the session high; the pair subsequently consolidated at 1.3188, adding 0.19%. Cable was likely to find support at 1.3055, the low of July 26 and resistance at 1.3293, th high of July 22. The Bank of England reported on Friday that net lending to individuals rose to £5.2 billion in June from £4.5 billion inMay, whose figure was upwardly revised from a previously estimated £4.3 billion.Analysts had expected net lending to individuals to rise to hit £4.2 billion last month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3200 TARGET1.3220 1.3250 SL 1.3170
  • SELL GBP/USD BELOW 1.3165 TARGET 1.3145 1.3115 SL 1.3135

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH MALAYSIA.

1Aug
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 01 August 2016

MARKET UPDATES :

  • The FBM KLCI index lost 5.24 points or 0.32% on Friday. The Finance Index fell 0.22% to 14186.45 points, the Properties Index dropped 0.43% to 1160.5 points and the Plantation Index down 0.33% to 7562.24 points. The market traded within a range of 8.80 points between an intra-day high of 1662.06 and a low of 1653.26 during the session.
  • Actively traded stocks include THHEAVY, SANICHI, SANICHI-WD, MBSB, PDZ, VIVOCOM, NICORP, BORNOIL, HUBLINE and AAX-WA. Trading volume decreased to 1902.61 mil shares worth RM2027.14 mil as compared to Thursday’s 2220.46 mil shares worth RM1846.74 mil.
  • Leading Movers were WPRTS (+11 sen to RM4.50), BAT (+116 sen to RM49.36), CIMB (+10 sen to RM4.39), SKPETRO (+1 sen to RM1.43) and YTL (+1 sen to RM1.67). Lagging Movers were GENTING (-29 sen to RM8.22), GENM (-11 sen to RM4.29), SIME (-18 sen to RM7.42), HLFG (-28 sen to RM15.22) and RHBBANK (-6 sen to RM5.09). Market breadth was negative with 324 gainers as compared to 445 losers.
  • The KLCI closed lower at 1653.26 points despite overnight gains in US market. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as Genting, Genting Malaysia and Sime Darby.

STOCK RECOMMENDATION :

  • BUY OKA ABOVE 1.300 TGT 1.350 1.400 SL 1.250

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

29Jul
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 29 July 2016

MARKET UPDATES :

  • The FBM KLCI index lost 5.06 points or 0.30% on Thursday. The Finance Index fell 0.16% to 14217.43 points, the Properties Index up 0.27% to 1165.53 points and the Plantation Index rose 0.11% to 7586.97 points. The market traded within a range of 6.71 points between an intra-day high of 1659.55 and a low of 1652.84 during the session.
  • Actively traded stocks include PDZ, THHEAVY, NICORP, SANICHI, MTRONIC, SUMATEC, DNEX, OCR- PA, APFT and HIAPTEK. Trading volume increased to 2220.46 mil shares worth RM1846.74 mil as compared to Wednesday’s 1752.21 mil shares worth RM1708.04 mil.
  • Leading Movers were WPRTS (+5 sen to RM4.39), AXIATA (+3 sen to RM5.70), TM (+2 sen to RM6.83), HLFG (+4 sen to RM15.50) and DIGI (+1 sen to RM4.99). Lagging Movers were GENTING (-39 sen to RM8.51), BAT (-160 sen to RM48.20), SKPETRO (-2 sen to RM1.42), AMMB (-5 sen to RM4.31) and GENM (-3 sen to RM4.40). Market breadth was negative with 300 gainers as compared to 467 losers.
  • The KLCI closed lower at 1658.50 despite overnight mixed performance in US market. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as Genting, Sapurakencana Petroleum and AmBank.

STOCK RECOMMENDATION :

  • BUY FIBON ABOVE 0.585 TGT 0.610 0.625 SL 0.555

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

29Jul
gold-bars

Comex Trading Signals and Market News – 29 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed,filling inventories, and economic growth prospects darkened.Brent crude oil (LCOc1) was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. U.S. light crude (CLc1) was down 20 cents at $41.72.U.S. government data on Wednesday revealed a surprise rise in crude and gasoline inventories.
  • Gold prices added to overnights gains in European trade on Thursday, after the Federal Reserve gave no indication whether it would raise rates at its next meeting in September.Gold for December delivery on the Comex division of the New York Mercantile Exchange climbed to a session high of $1,348.70 a troy ounce. It last traded at $1,347.15 by 06:58GMT, or 2:58AM ET, up $12.65, or 0.95%.
  • Lead futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators trimmed their bets in the industrial metal amid decline in physical demand for lead from battery-makers in the domestic spot market.Further decrease in demand from battery makers in the spot market influenced lead prices at futures trade.

ECONOMY NEWS :

  • The U.S. watchdog for consumer finances unveiled on Thursday a proposal to toughen regulation of the multibillion- dollar debt collection industry, with a focus on keeping agencies from pushing people to pay debts they do not owe, informing borrowers of their rights and cutting down on calls to debtors.Both the industry and consumer advocates expressed disappointment with the proposal. The business side worried about the costs of complying with the suggested requirements, which they warned could be passed on to borrowers or force some of the thousands of small collection firms to shutter. Those pushing for consumer rights said the proposal left major holes in borrower protections and did not go far enough.
  • Excessively low European Central Bank interest rates over a long period could do more harm than good but current rates are safely above such a level, ECB Executive Board Member Benoit Coeure said on Thursday.”The current conditions of financial intermediation suggest, however, that the economic lower bound is safely below the current level of the deposit facility rate and that the impact of negative rates, combined with the asset purchase program and forward guidance, has clearly been net positive,” he said.
  • The Bank of Japan, under pressure from the government, is considering specific steps for expanding monetary stimulus on Friday to address signs of weakness in inflation, people familiar with the central bank’s thinking said.By timing its action with the government’s big fiscal spending package, the bank would aim to maximize the boost of its measures on the world’s third-biggest economy, which is struggling to escape decades of deflation, the sources said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1343 TARGET 1348 1354 SL BELOW 1338
  • SELL GOLD BELOW 1339 TARGET 1334 1328 SL ABOVE 1344

For more information about Commodity Market Trading or Commodity Trading Signals, Please visit- EPIC RESEARCH MALAYSIA.

29Jul
Stacks of coins with the word FOREX isolated on white

IForex Market Trading Signals and News – 29 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Euro rises to 2-week highs vs. dollar
  • Forex – Aussie, kiwi rise after Fed leaves policy unchanged
  • Forex – Yen gains in Asia after FOMC holds pat as expected, BoJ eyed

EUR/USD
The euro rose to two-week highs against the U.S. dollar on Thursday, after the release of upbeat data from Spain and Germany, while the Federal Reserve’s most recent policy statement weighed on the greenback.EUR/USD hit 1.1119 during European morning trade, the pair’s highest since Ju;y 15; the pair subsequently consolidated at 1.1110, gaining 0.46%. The pair was likely to find support at 1.1035, the low of July 18 and resistance at 1.1150, the high of July 15.Data earlier showed that the number of unemployed people in Germany declined by 7,000 in July, compared to expectations for a 3,000 drop and after a 6,000 slide the previous month.Germany’s unemployment rate remained unchanged at 6.1% this month, in line with expectations.

GBP/USD
GBP/USD is currently trading with a slight bearish bias. Yesterday, the pair traded perfectly long as previously forecasted and even hit a key resistance level 1.3221. Although we expect further momentum to the upper side, we will only go long upon a clear breakout above 1.3221. A clear rebound from this level will lead to a possible bearish reversal towards 1.29053. This pair should be traded alongside GBP/NZD, GBP/JPY, GBP/CHF, and GBP/CAD. These pairs have a  similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3200 TARGET1.3220 1.3250 SL 1.3170
  • SELL GBP/USD BELOW 1.3165 TARGET 1.3145 1.3115 SL 1.3135

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH MALAYSIA.

28Jul
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 28 July 2016

MARKET UPDATES :

  • The FBM KLCI index gained 2.14 points or 0.13% on Wednesday. The Finance Index increased 0.46% to 14240.53 points, the Properties Index up 0.07% to 1162.38 points and the Plantation Index rose 0.20% to 7578.84 points. The market traded within a range of 5.52 points between an intra-day high of 1664.76 and a low of 1659.24 during the session.
  • Actively traded stocks include THHEAVY, SUMATEC, PDZ, SANICHI, AAX, BORNOIL, BORNOIL-WC, TRIVE, SKH and AMEDIA. Trading volume increased to 1752.21 mil shares worth RM1708.04 mil as compared to Tuesday’s 1396.02 mil shares worth RM1561.90 mil.
  • Leading Movers were CIMB (+11 sen to RM4.29), GENTING (+19 sen to RM8.90), PETDAG (+44 sen to RM23.36), AMMB (+7 sen to RM4.36) and SKPETRO (+2 sen to RM1.44). Lagging Movers were BAT (-620 sen to RM49.80), AXIATA (-8 sen to RM5.67), MAYBANK (-6 sen to RM8.03), WPRTS (-3 sen to RM4.34) and YTL (-1 sen to RM1.67). Market breadth was positive with 430 gainers as compared to 343 losers.
  • The KLCI inched up and closed marginally higher at 1663.56 points with last minute spike despite overnight mixed performance in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters such as CIMB, Genting and Sapurakencana Petroleum.

STOCK RECOMMENDATION :

  • BUY MICROLN ABOVE 1.530 TGT 1.595 1.640 SL 1.455

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.