25Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                           Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 5.45 points or 0.32% on Thursday. The Finance Index increased 0.41% to 17590.4 points, the Properties Index up 0.58% to 932.85 points and the Plantation Index rose 0.57% to 7289.75 points. The market traded within a range of 7.72 points between an intra-day high of 1694.59 and a low of 1686.87 during the session.
  • Actively traded stocks include ARMADA, BPURI, PUC, FGV, MYEG, VS, FGV-C63, PRESBHD, EDUSPEC and IRIS. Trading volume increased to 2437.82 mil shares worth RM2120.29 mil as compared to Wednesday’s 2071.76 mil shares worth RM1924.13 mil.
  • Leading Movers were HARTA (+12 sen to RM5.62), HLFG (+38 sen to RM19.88), PETDAG (+48 sen to RM26.08), TOPGLOV (+7 sen to RM4.92) and PETCHEM (+10 sen to RM8.52). Lagging Movers were GENM (-8 sen to RM3.18), AXIATA (-5 sen to RM4.03), IHH (-4 sen to RM5.67), HAPSENG (-3 sen to RM9.85) and RHBBANK (-1 sen to RM5.48). Market breadth was positive with 458 gainers as compared to 375 losers.
  • The KLCI closed higher at 1693.59 points amid overnight gain in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters such as Hartalega, Hong Leong Financial Group and Petronas Dagangan.

Today’s KLSE Stock Signal

 

 

Today’s KLSE Stock Signal

 

Today’s KLSE Stock Signal

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24Jan

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Venezuela’s state-run oil company PDVSA [PDVSA.UL] said on Tuesday its debt fell 5 percent in 2018 from a year ago to $34.6 billion, though it remains in default on most of its bonds as crude output has slumped to 70-year lows in an economic crisis. PDVSA, which is short for Petróleos de Venezuela, S.A., has not paid interest on most of its bonds since the end of 2017, and together with Venezuela’s government has accumulated nearly $8 billion in late interest payments.
  • Global slowdown fears are growing, but the bigger beneficiary this time seems to be the dollar, not precious metals. Gold prices advanced slightly on Tuesday and those of palladium fell, while the dollar rallied after the International Monetary Fund revised downward its 2019 global growth forecast to 3.5% from October’s 3.7%. Chinese data also showed the lowest annual economic growth in nearly 30 years, while factory orders indicated a further loss in activity and jobs.
  • Oil prices extended falls from the previous session on Wednesday, as concerns of an economic slowdown weighed on markets. U.S. West Texas Intermediate (WTI) crude futures were at $52.74 per barrel at 0024 GMT, down 27 cents, or 0.5 percent from their last settlement.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • As much as U.S. President Donald Trump wants to boost markets through a trade pact with China, he will not soften his position that Beijing must make real structural reforms, including how it handles intellectual property, to reach a deal, advisers say. Offering to buy more American goods is unlikely by itself to overcome an issue that has bedeviled talks between the two countries. Those talks are set to continue when Chinese Vice Premier Liu He visits Washington at the end of January.
  • A partial shutdown of the U.S. government, which enters its second month on Wednesday, has delayed the publication of key economic data, leaving investors and businesses to follow their intuition and gut instincts as they make critical decisions. The shutdown, which affects about a quarter of the federal government, started on Dec. 22 amid demands by President Donald Trump that Congress give him $5.7 billion this year to help build a wall on the country’s border with Mexico. The shutdown is now the longest in U.S. history.
  • The Bank of Japan is set to cut its inflation forecasts and maintain its ultra-loose monetary policy on Wednesday, as pressure on the economy mounts in the face of slowing global demand, dealing another blow to its years-long efforts to foster durable growth. The deteriorating global outlook also means the BOJ is some way off from exiting a sweeping stimulus program begun in 2013, which policymakers have acknowledged will do more harm than good the longer it is retained.

GOLD TRADING FORECAST TODAY

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23Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                           Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

  Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 9.25 points or 0.55% on Friday. The Finance Index increased 0.62% to 17528.25 points, the Properties Index dropped 0.04% to 924.6 points and the Plantation Index rose 0.12% to 7201.04 points. The market traded within a range of 10.33 points between an intra -day high of 1692.22 and a low of 1681.89 during the session.
  • Actively traded stocks include ARMADA, SAPNRG, SUMATEC, MYEG, BARAKAH, NEXGRAM, IRIS, XINGHE, KNM and ECONBHD. Trading volume increased to 3050.49 mil shares worth RM2117.57 mil as compared to Thursday’s 2404.11 mil shares worth RM2037.91 mil.
  • Leading Movers were TOPGLOV (+13 sen to RM4.86), DIALOG (+8 sen to RM3.12), PETCHEM (+20 sen to RM8.60), MAYBANK (+14 sen to RM9.55) and AXIATA (+5 sen to RM4.06). Lagging Movers were GENM (-7 sen to RM3.30), SIME (-4 sen to RM2.30), AMMB (-3 sen to RM4.50), IOICORP (-3 sen to RM4.64) and GENTING (-3 sen to RM6.79). Market breadth was positive with 486 gainers as compared to 369 losers.
  • The KLCI continued its gains and closed higher at 1692.22 points amid overnight in US market. The performance of our local bourse was in tandem with our regional peers as markets sentiment were spurred by optimism in US-China trade talks.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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21Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • This week precious metals traders will be monitoring trade talks for signs of a resolution in the U.S.-China trade dispute, while concerns over the economic impact of the U.S. government shutdown and uncertainty over Brexit will also remain in focus. While the ongoing government shutdown continues to delay some key U.S. economic reports, investors will get an update on U.S. existing home sales and jobless claims this week and U.S. markets are to remain closed for a long holiday weekend on Monday.
  • A blast at a gasoline pipeline in Mexico that killed at least 79 people has directed renewed scrutiny toward the new president’s ambitious strategy to stop fuel theft, his first major offensive to stamp out corruption and organized crime. Some relatives of the victims said fuel shortages stemming from President Andres Manuel Lopez Obrador’s plan led people to fill plastic containers with gasoline on Friday at a leak in the Tula-Tuxpan pipeline, a few miles (km) from a major refinery.
  • Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). International Brent crude oil futures (LCOc1) were at $62.57 per barrel at 0215 GMT, down 13 cents, or 0.2 percent, from their last close.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. Signs of further cooling in China — which has generated nearly a third of global growth in recent years — are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple (NASDAQ:AAPL) to big car makers.
  • Tax systems that put a high burden on the poor mean public services are underfunded, stretching the gap between rich and poor and fuelling global public anger, Winnie Byanyima, executive director of Oxfam International, said on Monday. The Nairobi-headquarted charity said in a report that a new billionaire was created every two days last year, just as the poorest half of the world’s population saw their wealth decline by 11 percent.
  • Analysts have trimmed forecasts for Australian economic growth following some disappointing numbers last year, but still tip solid outcomes ahead even in the face of falling house prices and a slowdown in China. Economists polled by Reuters forecast Australia’s A$1.87 trillion ($1.34 trillion) of annual gross domestic product (GDP) expanded by 3.0 percent in 2018, down from 3.2 percent in an October poll.

COMEX GOLD SIGNAL

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18Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                           Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 9.89 points or 0.59% on Thursday. The Finance Index increased 0.10% to 17419.67 points, the Properties Index up 0.93% to 924.95 points and the Plantation Index rose 0.58% to 7192.42 points. The market traded within a range of 9.88 points between an intra-day high of 1684.24 and a low of 1674.36 during the session.
  • Actively traded stocks include SAPNRG, NEXGRAM, ARMADA, MYEG, VS, MALAKOF, DESTINI, PRESBHD, GBGAQRS and SEACERA. Trading volume increased to 2404.11 mil shares worth RM2037.91 mil as compared to Wednesday’s 2309.55 mil shares worth RM1870.69 mil./p>
  • Leading Movers were GENTING (+40 sen to RM6.82), HARTA (+27 sen to RM5.25), DIALOG (+14 sen to RM3.04), GENM (+9 sen to RM3.37) and PETCHEM (+12 sen to RM8.40). Lagging Movers were AMMB (-3 sen to RM4.53), MISC (-3 sen to RM6.60), MAHB (-3 sen to RM8.05), MAYBANK (- 1 sen to RM9.41) and PBBANK (-2 sen to RM24.68). Market breadth was positive with 447 gainers as compared to 331 losers.
  • The KLCI closed slightly higher at 1682.97 points amid overnight gains in US market. The performance of our local bourse was lifted up by buying interest in heavy weight counters such as Genting, Hartalega and Dialog.

 Today’s KLSE Stock Signal

 

 

 Today’s KLSE Stock Signal

 

 

 

 Today’s KLSE Stock Signal

 

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17Jan

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • The U.K.’s political and economic problems and a no-confidence vote on Prime Minister Theresa May after her failed Brexit deal vote are keeping alive gold bugs’ hopes of recapturing highs of above $1,300 per ounce, even as China’s attempts to steady its economy tamp down safe havens. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange settled up $5.40, or 0.4%, at $1,293.80 per ounce after reaching a session high of $1,295. Bullion’s spot price rose by $4.21, or 0.3% to 1,293.59 by 1:32 PM ET (18:32 GMT), peaking at $1,295.03 for the day.
  • From her red-roofed home near Papua New Guinea’s capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp (NYSE:XOM) to liquefy billions of dollars’ worth of natural gas before it is shipped to Asian buyers. Dikana Iveiri can also see swaths of muddy shoreline, where mangroves have been felled for firewood by locals who don’t have electricity, gas, or money to buy either.
  • Oil prices dipped on Thursday as U.S. crude production quickly approached an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $52 per barrel at 0140 GMT, down 31 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures (LCOc1) were down 34 cents, or 0.6 percent, at $60.98 per barrel.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of the Fed’s recent round of interest rate hikes, on Wednesday said the U.S. central bank is as well positioned now as before the 2007-2009 financial crisis to fight a downturn. Kashkari made the comments in a public debate held by Intelligence Squared U.S. in New York City, in which he and Harvard University professor Jason Furman defended the notion that the financial system is safer than it was 10 years ago.
  • With the partial U.S. government shutdown now in its 26th day, House Speaker Nancy Pelosi on Wednesday urged President Donald Trump to reschedule his State of the Union address – a move that could deny him the opportunity to use the pageantry of the speech to attack Democrats in their own chamber over the impasse. With Trump’s address set for Jan. 29, Pelosi wrote him a letter citing security concerns because the Secret Service, which is required to provide security for the address, has not received funding during the dispute.
  • The uncertainty over whether the United Kingdom will leave the European Union is not a direct problem for Canada but will hit the global economy, Canadian Finance Minister Bill Morneau said on Wednesday. Morneau, speaking to reporters on the sidelines of a Cabinet retreat, sidestepped questions about whether Canada would seek to negotiate a free trade treaty with Britain if it left the 28-nation EU.

GOLD TRADING FORECAST TODAY

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16Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                          Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 3.26 points or 0.19% on Tuesday. The Finance Index increased 0.36% to 17458.02 points, the Properties Index up 1.33% to 915.6 points and the Plantation Index rose 0.44% to 7136.76 points. The market traded within a range of 6.87 points between an intra-day high of 1679.42 and a low of 1672.55 during the session.
  • Actively traded stocks include TATGIAP, SAPNRG, PERISAI, SEACERA, FGV, DAYA, VS, HSI-H6A, PWORTH and HUAAN. Trading volume increased to 2399.30 mil shares worth RM1868.58 mil as compared to Monday’s 2184.12 mil shares worth RM1417.01 mil.
  • Leading Movers were DIALOG (+6 sen to RM2.88), MISC (+10 sen to RM6.62), MAXIS (+8 sen to RM5.72), PBBANK (+28 sen to RM24.98) and NESTLE (+160 sen to RM146.90). Lagging Movers were PETDAG (-60 sen to RM24.80), AXIATA (-5 sen to RM3.95), PETGAS (-22 sen to RM17.78), PMETAL (-5 sen to RM4.47) and PETCHEM (-8 sen to RM8.27). Market breadth was positive with 413 gainers as compared to 374 losers.
  • The KLCI closed higher at 1679.42 points despite overnight losses in US market. Market sentiment was muted as lack of fresh lead.

Today’s KLSE Stock Signal

 

 

Today’s KLSE Stock Signal

 

 

Today’s KLSE Stock Signal

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15Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold’s flirt with $1,300 may have been a little too brief, but the yellow metal should be reunited with its desired price target soon as the rally in equities stalls and global macro and political risks rise to the fore, analysts say. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange settled up $2.10, or 0.2%, at $1,289.50 a troy ounce.
  • The United States is not looking to grant more waivers for Iranian oil imports after the reimposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday, underlining Washington’s push to choke off Tehran’s income. “We are not looking to grant any waivers or exemptions to the import of Iranian crude,” Brian Hook told a industry conference in the United Arab Emirates capital Abu Dhabi.
  • Sales of British malting barley to European Union brewers and malt producers for delivery after Brexit have come to a virtual stop because of uncertainty about future trading relations. The standstill in so-called forward export sales for delivery in coming months means UK farmers are not able to take advantage of current attractive prices and are losing business to other EU suppliers, traders said.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Uncertainty over Brexit and the economy have led demand for Britain’s financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC showed. And profitability in the sector which raises most tax in Britain was flat for the third quarter in a row in the three months to December 2018, the survey released on Monday said.
  • A Republican senator close to President Donald Trump on Sunday backed a temporary re-opening of the federal government, in the 23rd day of the longest shutdown ever, to allow for talks on a spending agreement that could satisfy Trump’s border security demands. Democrats in Congress rejected Trump’s request that legislation to fund the government include $5.7 billion of taxpayer money for a wall on the U.S. border with Mexico. They have refused further negotiations until the government is reopened after being partially shut down since Dec. 22.
  • Italy’s Treasury Minister said on Sunday he did not see a recession on the horizon but acknowledged there could be a period of stagnation. The Italian economy has been slowing for the last year and gross domestic product declined by 0.1 percent in the third quarter, the weakest result since 2014. On Friday industrial output for November came in much weaker than expected, increasing the risk of recession for the euro zone’s third largest economy.

COMEX GOLD SIGNAL

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14Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                         Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

 

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 4.34 points or 0.26% on Friday. The Finance Index increased 0.15% to 17415.63 points, the Properties Index up 1.80% to 910.35 points and the Plantation Index rose 1.09% to 7117.64 points. The market traded within a range of 8.24 points between an intra-day high of 1684.99 and a low of 1676.75 during the session.
  • Actively traded stocks include TATGIAP-PA, SAPNRG, ARMADA, VS, FGV, ORION, YONGTAI, MYEG, A50CHIN-C24 and A50CHIN-C32. Trading volume decreased to 2890.98 mil shares worth RM2171.09 mil as compared to Thursday’s 3448.54 mil shares worth RM2660.05 mil.
  • Leading Movers were DIALOG (+8 sen to RM2.88), TOPGLOV (+10 sen to RM4.80), RHBBANK (+11 sen to RM5.45), HARTA (+7 sen to RM5.06) and MAXIS (+6 sen to RM5.70). Lagging Movers were MAHB (-21 sen to RM7.99), IHH (-2 sen to RM5.73), PBBANK (-4 sen to RM24.76), TENAGA (-0 sen to RM13.86) and SIME (-0 sen to RM2.36). Market breadth was positive with 569 gainers as compared to 294 losers.
  • The KLCI closed slightly higher at 1683.22 points amid overnight gains in US market. The performance of our local bourse lifted up by buying interest in heavy weight counters led by Dialog Group.

Today’s KLSE Stock Signal

 

Today’s KLSE Stock Signal

 

For More information and daily updated KLSE stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.my or Whatsapp us at +917312580605

11Jan

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • The spot price of palladium retained its record-making streak on Wednesday after investors linked the precious metal used for purifying auto emissions with an announcement by China that could boost car ownership in the world’s second-largest economy. Gold, meanwhile, continued to tread water just below $1,300 a troy ounce as precious metals bulls remained wary of chasing the yellow metal higher without a clear path lower for the dollar, which has remained resilient despite a dovish-sounding Fed of late.
  • Oil has turned into a bull market, from a bear market just two week ago, as priced jumped more than 5%. U.S. crude’s benchmark West Texas Intermediate grade jumped to more than $52 per barrel on Wednesday, gaining exactly $10 per barrel, or almost 24% above the 18-month lows of $42.36 hit on Christmas Eve. U.K. Brent hit 2019 highs above $62. New York-traded WTI settled up $2.58, or 5.2%, at $52.36 per barrel after a 2019 high at $52.58.
  • Gasoline shortages in Mexico sparked by a crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the shortfalls persist as lines at gas stations in the capital grew on Wednesday. The drive to eradicate a crime that has deprived state coffers of billions of dollars is President Andres Manuel Lopez Obrador’s first major move against chronic corruption since taking office on Dec. 1, but risks angering consumers and hurting the economy.

GOLD TRADING FORECAST TODAY

 

ECONOMY NEWS

  • Federal Reserve policymakers have indicated they may be open to tweaking a longstanding plan to shrink the central bank’s balance sheet, including by shedding housing-backed bonds earlier than anticipated or keeping a bigger-thanexpected portfolio of assets. Those were among a range of options discussed at the Fed’s December meeting, minutes released on Wednesday showed. The discussion will continue at future meetings, the minutes said.
  • Sterling is likely to gain more than 8 percent this year — assuming Britain and the European Union part ways amicably, according to a Reuters poll of foreign exchange strategists. The pound has largely been ignoring economic data, instead swinging wildly on any snippet of news about Britain’s departure from the EU in less than three months. While it has showed some strength to start the year, that is largely down to dollar weakness. Its performance against the euro (EURGBP=) has been more muted.
  • Bank of Japan Governor Haruhiko Kuroda said on Thursday the country’s economy was expected to continue expanding moderately. He also said Japan’s financial system remained stable. “Japan’s economy is expanding moderately” as rising household income underpins consumption, Kuroda said in a speech at a quarterly meeting of the central bank’s regional branch managers.

GOLD TRADING FORECAST TODAY

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