26Dec

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 lost 6.31 points or 0.38% on Tuesday. The Finance Index fell 0.58% to 17020.06 points, the Properties Index dropped 1.52% to 868.19 points and the Plantation Index down 1.09% to 6487.91 points. The market traded within a range of 16.95 points between an intra-day high of 1643.88 and a low of 1626.93 during the session.
  • Actively traded stocks include VS, ARMADA, MYEG, HIBISCS, PWORTH, HSI-H4O, KNM, HUBLINE, HSI-C3X and VIVOCOM. Trading volume increased to 2265.09 mil shares worth RM1907.07 mil as compared to Monday’s 1469.14 mil shares worth RM1178.65 mil.
  • Leading Movers were DIGI (+19 sen to RM4.38), MAHB (+20 sen to RM8.00), IOICORP (+8 sen to RM4.26), MISC (+11 sen to RM6.20) and PMETAL (+8 sen to RM4.83). Lagging Movers were SIMEPLT (-21 sen to RM4.09), DIALOG (-10 sen to RM2.95), IHH (-16 sen to RM5.19), TENAGA (-22 sen to RM12.70) and CIMB (-8 sen to RM5.63). Market breadth was negative with 222 gainers as compared to 699 losers.
  • The KLCI closed lower at 1635.31 points amid overnight retreat in US market. Market sentiment was muted amid absence of fresh market leads.

Today’s KLSE Stock Signal

 

 

26dec6

 

   Today’s KLSE Stock Signal

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24Dec

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

  • Gold traders will continue to monitor political risks and watch developments in equity markets in the week ahead, after the failure by the U.S. Congress and President Donald Trump to agree to a spending bill by midnight Saturday resulted in a partial U.S. government shutdown. Gold is often sought in times of geopolitical tension or market turbulence. Elsewhere, on the data front, the U.S. will see a relatively quiet week in terms of economic releases, with reports on consumer confidence and the housing sector expected to draw the most attention.
  • OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next year, the United Arab Emirates’ energy minister said on Sunday.
  • Oil prices dipped on Monday ahead of the Christmas holiday break, adding to last week’s steep losses on concerns about a global oversupply. International benchmark Brent crude (LCOc1) futures fell 27 cents, or 0.5 percent, to $53.55 a barrel at 0106 GMT. Brent touched $52.79 on Friday, its lowest since September 2017. U.S. West Texas Intermediate (WTI) crude futures (CLc1) eased 8 cents, or 0.1 percent, to $45.51 a barrel.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.” U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index (SPX) on pace for its biggest percentage decline in December since the Great Depression.
  •  China and the United States held a vice ministerial-level call on Friday, the second such contact in a week, achieving a “deep exchange of views” on trade imbalances and the protection of intellectual property, the Chinese Ministry of Commerce said. A statement posted on the ministry’s website on Sunday said the two countries “made new progress” on those issues, without specifying further.
  • China is considering introducing a new law on foreign investment to replace three existing laws on joint ventures and wholly owned foreign firms, state news agency Xinhua reported on Sunday. A draft law on foreign investment has been submitted to the National People’s Congress (NPC) Standing Committee, according to Xinhua. The draft, which could take more than a year to be signed into law, includes policies on promoting and managing foreign investment.

GOLD TRADING FORECAST TODAY

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21Dec

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 lost 6.31 points or 0.38% on Tuesday. The Finance Index fell 0.58% to 17020.06 points, the Properties Index dropped 1.52% to 868.19 points and the Plantation Index down 1.09% to 6487.91 points. The market traded within a range of 16.95 points between an intra-day high of 1643.88 and a low of 1626.93 during the session.
  • Actively traded stocks include VS, ARMADA, MYEG, HIBISCS, PWORTH, HSI-H4O, KNM, HUBLINE, HSI-C3X and VIVOCOM. Trading volume increased to 2265.09 mil shares worth RM1907.07 mil as compared to Monday’s 1469.14 mil shares worth RM1178.65 mil.
  • Leading Movers were DIGI (+19 sen to RM4.38), MAHB (+20 sen to RM8.00), IOICORP (+8 sen to RM4.26), MISC (+11 sen to RM6.20) and PMETAL (+8 sen to RM4.83). Lagging Movers were SIMEPLT (-21 sen to RM4.09), DIALOG (-10 sen to RM2.95), IHH (-16 sen to RM5.19), TENAGA (-22 sen to RM12.70) and CIMB (-8 sen to RM5.63). Market breadth was negative with 222 gainers as compared to 699 losers.
  • The KLCI closed lower at 1635.31 points amid overnight retreat in US market. Market sentiment was muted amid absence of fresh market leads.

  Today’s KLSE Stock Signal

  Today’s KLSE Stock Signal

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20Dec

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • The dollar index, a contrarian bet to gold and other commodities, remained down 0.2% at 96.377, after the Fed indicated it would take into account “a wide range of information” in deciding further rate hikes and its dot plot indicated expectations from the FOMC of two rate hikes in 2019, down from three. The FOMC said in determining the timing and size of future rate adjustments, it “will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective.”
  • Despite data showing a disappointing U.S. crude inventory draw, oil prices jumped 2% on Wednesday, recouping about a third of the previous day’s losses after the Federal Reserve indicated there could be fewer rate hikes next year. U.S. West Texas Intermediate crude settled up 96 cents, or 2.1%, at $47.20 per barrel. It had fallen 7% on Tuesday and plumbed an August 2017 low of $46.12. U.K. Brent, the global oil benchmark, was up 30 cents, or 0.5%, at $56.56 per barrel by 3:10 PM ET (20:10 GMT).
  • China’s Sinograin said it had recently bought a few batches of soybeans from the United States, amid a truce in a trade war between the two nations. The state stockpiler made the purchases “to implement the consensus achieved by China and the United States’ heads of state”, it said in a statement dated Dec. 19 that was published on its website.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the U.S. central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong. U.S. stocks and bond yields fell hard. With the Fed signaling “some further gradual” rate hikes and no break from cutting its massive bond portfolio, traders fretted that policymakers could choke off economic growth.
  • The U.S. Treasury and U.S. Trade Representative’s office signed a bilateral deal with the United Kingdom to provide insurance market regulatory certainty and continuity after the country exits the European Union, they said in a statement on Wednesday. The Treasury and USTR signed the pact on Dec. 18, according to the statement published on the USTR’s website. They had announced their intent to sign the U.S.-UK Covered Agreement earlier this month, in a bid to provide stability as Britain prepares to leave the EU on March 29, 2019.
  • The U.S. Federal Reserve has begun signaling the end of its rate-hike cycle is not far off, winding down its sometimes Sisyphean effort to restore a semblance of normalcy to monetary policy. It has been a slow slog – the Fed has managed just nine increases in three years, and it may squeeze in just a couple more.

COMEX GOLD SIGNAL

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18Dec

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 lost 20.34 points or 1.22% on Monday. The Finance Index fell 1.37% to 17119.79 points, the Properties Index dropped 0.68% to 881.56 points and the Plantation Index down 1.33% to 6559.1 points. The market traded within a range of 14.80 points between an intra -day high of 1660.66 and a low of 1645.86 during the session.
  • Actively traded stocks include ARMADA, SAPNRG, PWORTH, KNM, MYEG, HSI-C3W, HSI-H4O, HUBLINE, PRESBHD and PERMAJU. Trading volume decreased to 1469.14 mil shares worth RM1178.65 mil as compared to Friday’s 1496.83 mil shares worth RM1384.39 mil.
  • Leading Movers were PETGAS (+60 sen to RM19.54), PETCHEM (+6 sen to RM9.18), GENM (+1 sen to RM2.80), HARTA (+2 sen to RM6.20) and HLBANK (+0 sen to RM20.40). Lagging Movers were RHBBANK (-21 sen to RM5.16), DIGI (-16 sen to RM4.19), SIMEPLT (-13 sen to RM4.30), TENAGA (-34 sen to RM12.92) and IOICORP (-10 sen to RM4.18). Market breadth was negative with 179 gainers as compared to 690 losers.
  • The KLCI start the week and tumbled to 1641.62 points amid last Friday performance in US market. Market sentiment was muted amid absence of fresh market leads.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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17Dec

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

17dec2

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • It had to be one safe-haven or the other and the dollar triumphed at the expense of gold on Friday as signs of slowing growth in China sparked risk aversion across the globe. A contrarian trade to bullion, the dollar hit 19-month highs after Beijing’s weakest retail sales performance in 15 years and smallest industrial output in almost three years cast doubts about demand in the No. 2 economy.
  • U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to reduce the number of active rigs after crude prices collapsed in October and November. Drillers cut four oil rigs in the week to Dec. 14, bringing the total count down to 873, the lowest since mid October, General Electric Co’s (N:GE) Baker Hughes energy services firm said in its closely followed report on Friday.
  • Brazil is prepared in the event China removes tariffs on U.S. soy, which had driven down prices for the oil seed in Chicago and driven up the premiums over U.S. prices paid for Brazilian beans, outgoing Agriculture Minister Blairo Maggi said on Friday. Maggi, who will step down when President-elect Jair Bolsonaro takes office Jan. 1, said removing the tariffs would lead prices in Chicago and Brazil to converge and bring greater predictability to the soy market that would benefit Brazilian farmers.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The United States won a legal battle over “dolphin safe” tuna-labeling on Friday, when the World Trade Organization’s appeals judges dismissed Mexico’s argument that the U.S. labeling rules violated WTO rules. More than 10 years after the dispute first came to the WTO in October 2008, the WTO ruling ended Mexico’s claim that U.S. labeling rules unfairly penalized its fishing industry.
  • The U.S. Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property. The change was made in a Federal Register filing from a previously scheduled effective date of Jan. 1, 2019 for the increase to 25 percent from 10 percent.
  • As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. On Friday, the small-cap S&P 600 Index (SPCY) fell 1.6 percent to mark a 20.05 percent decline from its Aug. 31 closing high. A drop of 20 percent or more from a record or long-standing high closing level is the typical definition of a bear market.

GOLD TRADING FORECAST TODAY

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14Dec

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 12.73 points or 0.77% on Thursday. The Finance Index increased 1.02% to 17465.79 points, the Properties Index dropped 0.07% to 887.08 points and the Plantation Index rose 0.57% to 6698.54 points. The market traded within a range of 7.79 points between an intra-day high of 1677.91 and a low of 1670.12 during the session.
  • Actively traded stocks include ARMADA, MYEG, SANICHI, HUBLINE, HSI-H4O, HSI-C3X, HSI-C3W, SAPNRG, HSI-C3V and TECHBND. Trading volume decreased to 1565.54 mil shares worth RM1648.03 mil as compared to Wednesday’s 2065.96 mil shares worth RM1936.97 mil.
  • Leading Movers were AXIATA (+12 sen to RM3.88), SIME (+7 sen to RM2.34), PMETAL (+13 sen to RM4.84), PETDAG (+66 sen to RM25.98) and MAHB (+20 sen to RM8.03). Lagging Movers were HARTA (-9 sen to RM6.30), DIALOG (-1 sen to RM3.14), TENAGA (-4 sen to RM13.46), PETGAS (-18 sen to RM19.20) and PETCHEM (-0 sen to RM9.17). Market breadth was negative with 371 gainers as compared to 397 losers.
  • The KLCI closed higher at 1676.00 points amid overnight gain in US markets. The performance of our local bourse was lifted by buying interest in heavy weight counters such as Axiata, Sime Darby and Press Metal

  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

 

13Dec

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 prices ticked higher on Wednesday, hitting the best levels of the session after data showed that U.S. consumer price growth slowed in November. Comex gold futures were up $4, or about 0.3%, at $1,251.20 a troy ounce by 8:45 AM ET (13:45 GMT), not far from a five-month peak of $1,256.60 touched at the start of the week. Meanwhile, spot gold was trading at $1,246.28 per ounce, up $3.30, or 0.25%.
  • OPEC said on Wednesday it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of demand for its crude, underlining the challenge the producer group faces to prevent a glut even after last week’s decision to trim output. In a monthly report, the Organization of the Petroleum Exporting Countries said 2019 demand for its crude would fall to 31.44 million barrels per day, 100,000 bpd less than predicted last month and 1.53 million less than it currently produces.
  • Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. The American Petroleum Institute (API) said on Tuesday that U.S. crude inventories dropped by 10.2 million barrels last week, more than analysts had forecast. Official inventory figures are due later on Wednesday. Brent crude (LCOc1), the global benchmark, rose $1.07 to $61.27 by 0947 GMT.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Proposals for reforming the World Trade Organization fail to deal with problems raised by the United States, U.S. Ambassador Dennis Shea told the WTO’s General Council on Wednesday. “With respect to the proposal advanced by the European Union, China, and India, it is hard to see how it in any way responds to the concerns raised by the United States,” he said, according to a transcript provided to Reuters.
  • China plans to give foreign companies greater access to its economy and is drafting a replacement of its plan to dominate advanced technologies by 2025, the Wall Street Journal reported Wednesday, citing sources briefed on the strategy. Beijing’s changes would come in response to pressure from U.S. President Donald Trump, who launched a tit-fortat tariff dispute with China this year aimed at balancing trade and giving American firms increased access to the world’s second-largest economy.
  • European Union leaders will ditch proposals to use a euro zone budget for economic stabilization and restrict any funds to long-standing EU goals of convergence among their economies and increasing competitiveness, draft summit conclusions showed on Wednesday. The likely outcome of Friday’s summit are a blow to German Finance Minister Olaf Scholz, a Social Democrat who wanted any euro zone budget to play a stabilization role via a shared unemployment insurance scheme for the zone’s 19 member states.

COMEX GOLD SIGNAL

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12Dec

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 lost 10.68 points or 0.64% on Tuesday. The Finance Index fell 0.80% to 17138.56 points, the Properties Index dropped 1.28% to 887.73 points and the Plantation Index down 0.74% to 6632.52 points. The market traded within a range of 13.06 points between an intra-day high of 1665.69 and a low of 1652.63 during the session.
  • Actively traded stocks include ARMADA, HUBLINE, MYEG, HSI-C3X, PRESBHD, DNEX, SANICHI, PERMAJU, HSI-H4O and JAKS. Trading volume decreased to 1432.08 mil shares worth RM1507.47 mil as compared to Monday’s 2654.38 mil shares worth RM1374.08 mil.
  • Leading Movers were HARTA (+13 sen to RM6.37), IHH (+9 sen to RM5.49), NESTLE (+110 sen to RM146.00), HLFG (+27 sen to RM19.00) and KLCC (+5 sen to RM7.76). Lagging Movers were PMETAL (-16 sen to RM4.67), MAXIS (-14 sen to RM5.22), CIMB (-14 sen to RM5.51), GENTING (- 12 sen to RM5.93) and RHBBANK (-8 sen to RM5.25). Market breadth was negative with 253 gainers as compared to 549 losers.
  • The KLCI closed lower to 1652.63 points despite overnight rally in US markets. The performance of our local bourse was bogged down by selling interest in heavy weight counters led by Press Metal.

  Today’s KLSE Stock Signal

12dec6

  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

11Dec

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 prices fell on Monday, turning lower after reaching their best level in five months on the back of expectations that the Federal Reserve will need to slow its pace of rate hikes next year. Comex gold futures were down $2.10, or almost 0.2%, to $1,250.45 a troy ounce by 8:40AM ET (13:40 GMT), having earlier touched $1,256.60, the most since July 11. Meanwhile, spot gold was trading at $1,245.10 per ounce, down $3.40, or around 0.3%.
  • Oil prices slumped on Monday, erasing some of last week’s strong gains from an agreement among major producers to curb output in the coming year, while analysts debated whether the deal is enough to rebalance the market. New Yorktraded West Texas Intermediate crude futures fell 96 cents, or 1.82%, at $51.65 a barrel by 9:02 AM ET (14:02GMT).
  • Libya declared a state of force majeure at its largest oil field after an armed group forced a production halt, just days after OPEC exempted the country from global crude output cuts. The shutdown at the Sharara field will result in a production loss of 315,000 barrels a day, the state energy producer National Oil Corp. said on its website. Sharara is operated by a joint venture between the NOC and Total SA (PA:TOTF), Repsol (MC:REP) SA, OMV AG and Equinor ASA, known formerly as Statoil (OL:EQNR) ASA.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Governor of the Reserve Bank of India, Urjit Patel, resigned suddenly on Monday, following months of pressure from Prime Minister Narendra Modi’s government that is threatening the independence of the central bank, sending the rupee tumbling. Government officials have been complaining in the past few months that the central bank should allow lenders to make loans more easily, and want the RBI to hand over some of its surplus reserves to help fund the fiscal deficit.
  • Bethlehem is enjoying its busiest Christmas season on record, the Palestinian Ministry of Tourism said on Monday, with hotels in the birthplace of Jesus almost fully booked for the holiday. Tourism has recovered following a fall in knife and car-ramming attacks which helped push visitor numbers in the biblical city to a 10-year low in 2015. Bethlehem store owners also said they were benefiting from a surge of visitors to Israel in its 70th anniversary year.
  • British Prime Minister Theresa May abruptly decided on Monday to pull a parliamentary vote on her Brexit deal, throwing Britain’s plan to leave the European Union up in the air on the eve of the vote after repeated warnings from lawmakers she faced a rout. While there was no immediate official announcement, a source in Whitehall, the center of British power, said the vote would be delayed, a decision the government could take without having to get the approval of parliament.

COMEX GOLD SIGNAL

 

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