10Jan

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

10jan1

                          Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index lost 4.93 points or 0.29% on Wednesday. The Finance Index increased 0.14% to 17369.76 points, the Properties Index up 0.63% to 880.18 points and the Plantation Index rose 0.32% to 6966 points. The market traded within a range of 16.25 points between an intra-day high of 1684.08 and a low of 1667.83 during the session.
  • Actively traded stocks include TATGIAP-PA, MYEG, HUAAN, SAPNRG, ARMADA, HUBLINE, DSONIC, DESTINI, HSI-C5B and BJCORP. Trading volume increased to 3019.19 mil shares worth RM2516.05 mil as compared to Tuesday’s 2311.63 mil shares worth RM2032.06 mil.
  • Leading Movers were MAHB (+22 sen to RM8.16), SIMEPLT (+11 sen to RM5.03), GENM (+7 sen to RM3.26), GENTING (+10 sen to RM6.41) and AMMB (+6 sen to RM4.48). Lagging Movers were PETCHEM (-44 sen to RM8.55), TOPGLOV (-18 sen to RM4.80), MAXIS (-18 sen to RM5.46), HARTA (-15 sen to RM5.00) and MISC (-18 sen to RM6.23). Market breadth was positive with 678 gainers as compared to 258 losers.
  • The KLCI closed slightly lower at 1667.83 points despite overnight gains in US market. The performance of our local bourse bogged down by selling interest in heavy weight counters led by Petronas Chemical Group.

  Today’s KLSE Stock Signal

 

 

  Today’s KLSE Stock Signal

  Today’s KLSE Stock Signal

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9Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

 

INTERNATIONAL COMEX NEWS

  • Continuous optimism over the U.S.-Sino trade talks are keeping gold bugs away from reattempting $1,300, while palladium hit record highs above those levels for a fourth-straight session on fund buying. Gold, a hedge for financial and political troubles, fell a touch on Tuesday after U.S. Commerce Secretary Wilbur Ross said there was a “very good chance” for Washington to resolve its months-long trade war with Beijing.
  •  The United States and China will continue trade talks in Beijing for an unscheduled third day, U.S. officials said on Tuesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets. People familiar with the talks said the world’s two largest economies were further apart on Chinese structural reforms that the Trump administration is demanding in order to stop alleged theft and forced transfer of U.S. technology and on how to hold Beijing to its promises
  • Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. U.S. West Texas Intermediate (WTI) crude oil futures (CLc1) were at $50.29 per barrel as at 0131, up 51 cents, or 1 percent from their last settlement. It was the first time this year that WTI has topped $50 a barrel.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • President Donald Trump will make his case to Americans on Tuesday that a wall is urgently needed to resolve what he calls a crisis at the U.S.-Mexico border, trying to win support in a dispute that has sparked an 18-day partial government shutdown. Trump’s prime-time address, scheduled for 9 p.m. (0200 GMT Wednesday) will be his latest attempt to persuade Congress to fund construction of a huge barrier along the 2,000-mile (3,200-km) border.
  • Trade talks between China and the United States will continue on Wednesday, a U.S. government official told reporters. U.S. and Chinese officials are conducting talks in Beijing, their first since U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce in a trade war that has roiled global financial markets.
  •  Italy has set up a 1.3 billion euro ($1.5 billion) fund to cover potential costs of emergency measures approved on Monday to shore up ailing bank Carige (MI:CRGI). A decree that came into force on Tuesday authorized the Treasury to provide guarantees on up to 3 billion euros in new bonds to be issued by Banca Carige by the end of June. The cost of the guarantees can be of up to 300 million euros. Italy also set aside 1 billion euros to underwrite Carige shares by the end of September under the same ‘precautionary recapitalization’ scheme that it used two years ago to rescue the country’s third-largest lender, Monte dei Paschi di Siena (MI:BMPS).

COMEX GOLD SIGNAL

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8Jan

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 9.39 points or 0.56% on Monday. The Finance Index increased 0.68% to 17359.56 points, the Properties Index up 0.84% to 878.93 points and the Plantation Index rose 0.98% to 6948.59 points. The market traded within a range of 14.10 points between an intra-day high of 1687.13 and a low of 1673.03 during the session.
  • Actively traded stocks include DPIH, TATGIAP-PA, AAX, ARMADA, VS, HSI-H40, HUBLINE, MYEG, HIBISCS and SAPNRG. Trading volume increased to 2502.63 mil shares worth RM1919.03 mil as compared to Friday’s 2201.54 mil shares worth RM1285.71 mil.
  • Leading Movers were AMMB (+24 sen to RM4.58), SIMEPLT (+20 sen to RM5.00), TENAGA (+48 sen to RM13.94), SIME (+7 sen to RM2.36) and MAXIS (+13 sen to RM5.66). Lagging Movers were HARTA (-38 sen to RM5.75), TOPGLOV (-24 sen to RM5.30), PETCHEM (-33 sen to RM8.93), DIALOG (-7 sen to RM2.84) and PETGAS (-42 sen to RM18.00). Market breadth was positive with 604 gainers as compared to 294 losers.
  • The KLCI start the week with a positive note, closed higher at 1679.17 points amid last Friday gains in US market. The performance of our local bourse lifted by high buying interest in heavy weight counters led by AMMB holdings.

Today’s KLSE Stock Signal

    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

 

7Jan

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

  • A rotten Apple was good for gold, with the precious metal reaching within $5 of $1,300 Thursday after weak stock markets pushed investors away from risk and toward safe havens. U.S. stocks fell about 2% as investors, already spooked by a rare profit warning from Apple (NASDAQ:AAPL), were further rattled by the biggest drop in a decade for a key gauge on factory activity.
  • Oil prices fell on Friday after the United States followed most other major economies into a manufacturing downturn, although supply cuts by producer club OPEC kept declines in check. International Brent crude futures (LCOc1) were down 39 cents, or 0.7 percent, at 0155 GMT at $55.56 a barrel. U.S. West Texas Intermediate (WTI) crude oil futures (CLc1) were at $46.93 per barrel, down 16 cents, or 0.3 percent.
  • U.S. oil and gas executives’ outlook turned negative for the first time since the low point of the last oil bust, according to results of a survey released on Thursday by the Federal Reserve Bank of Dallas. A survey of executive sentiment fell to -10 from 47 in the prior quarter, the first negative reading since early 2016, when U.S. crude prices (CLc1) plummeted to $26 per barrel.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Fed Chair Jerome Powell’s hope for a more plainspoken approach to his job may have landed him in hot water with markets and require more “nuance” going forward, a former top Fed official said on Thursday in a critique of the current U.S. central bank. As the Fed begins a broad review of its operations, former Fed Vice Chair Donald Kohn said in what he called a “memo” that Powell and an array of other Fed officers needed to overhaul how they communicate so both investors and the public have a better sense of the central bank’s job and policies.
  • Investors pulled $98 billion from U.S.-based stock funds in December, a calendar-month record that emphasizes the diminishing goodwill in financial markets, preliminary Lipper estimates showed on Thursday. Fund investors trimmed their risk in the final days of 2018 to hunker down in case the Federal Reserve is too aggressively tightening monetary policy ahead of an economic slowdown and as the United States and China spar over trade. Some people see recent equity declines as a buying opportunity and are stockpiling cash to take advantage should prices fall further.
  • Democrats wasted no time flexing their new power in the U.S. House of Representatives on Thursday as they maneuvered to pass legislation backed by new Speaker Nancy Pelosi that would end a 13-day partial government shutdown while ignoring President Donald Trump’s demand for $5 billion for a border wall. Thursday marked the first day of divided government in Washington since Trump took office in January 2017, as Democrats took control in the House from his fellow Republicans, who remain in charge of the Senate.

GOLD TRADING FORECAST TODAY

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4Jan

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 7.72 points or 0.46% on Thursday. The Finance Index increased 0.19% to 17217.88 points, the Properties Index up 1.08% to 871.83 points and the Plantation Index rose 1.35% to 6855.27 points. The market traded within a range of 14.56 points between an intra-day high of 1680.78 and a low of 1666.22 during the session.
  • Actively traded stocks include TATGIAP-PA, TATGIAP-WA, INARI, SAPNRG, MFLOUR-LR, HUBLINE, ARMADA, KUB, HSI-H4O and EAH. Trading volume increased to 1758.14 mil shares worth RM1222.67 mil as compared to Wednesday’s 1680.89 mil shares worth RM951.04 mil.
  • Leading Movers were SIMEPLT (+16 sen to RM4.71), HLFG (+58 sen to RM19.02), TENAGA (+32 sen to RM13.76), MISC (+15 sen to RM6.70) and GENM (+6 sen to RM3.01). Lagging Movers were PMETAL (-20 sen to RM4.52), MAHB (-8 sen to RM8.25), PETDAG (-24 sen to RM25.76), GENTING (-4 sen to RM5.96) and TOPGLOV (-3 sen to RM5.55). Market breadth was negative with 366 gainers as compared to 367 losers.
  • The KLCI closed higher at 1675.83 points amid overnight gains in US markets. The performance of our local bourse was lifted by buying interest in heavy counters such as Sime Darby Plantation, Hong Leong Financial Group and Tenaga Nasional.

Today’s KLSE Stock Signal

 

 

  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

3Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold continued its effort to move past the $1,300 tape as dismal data on global factory activity pushed investors back from risk as markets began trading for 2019. Futures of the yellow metal hit near 7-month highs above $1,290 per troy ounce on Wednesday after China’s Purchasing Manager Index (PMI) contracted for the first time in 19 months in December.
  •  Oil began 2019 trading weakly in Asia and Europe before ending up nearly 3% higher in New York after Bloomberg reported a deliberate curtailment by Saudi Arabia of its shipments to the United States and China last month. U.S. West Texas Intermediate crude settled up $1.13, or 2.5%, at $46.54 per barrel. U.K. traded Brent, the global oil benchmark, rose by $1.04, or 1.9%, to $54.84 by 2:39 PM ET (19:39 GMT).
  • Oil prices gave back half of Wednesday’s gains, weighing on the CAD. Canadian Markit Manufacturing PMI fell in December to 53.6. The Canadian dollar was among the strongest against the greenback on Wednesday, underpinned by oil prices´ recovery during the US session, sending the pair down to 1.3570 despite soft Canadian data, as the Canadian Markit Manufacturing PMI fell in December to 53.6 from 54.9 in November, another sign of global economic slowdown.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • U.S. fund investors anguished over economic growth and policies pulled the most cash from stocks in any weekly period since last February, Investment Company Institute data showed on Wednesday. Mutual funds and exchangetraded funds (ETFs) tracked by the trade group reported $37.8 billion in withdrawals overall, a 12th week of declines and the most cash pulled since a Chinese growth scare in August 2015.
  • President Donald Trump threatened on Friday to close the southern U.S. border with Mexico unless he gets the money he wants for a wall, raising the stakes in a standoff that will present an immediate test next week for the new U.S. Congress. When Nancy Pelosi and the Democrats take control of the U.S. House of Representatives on Thursday, they plan to quickly approve a spending measure meant to end a partial government shutdown that began on Dec. 22, triggered by Trump’s demand for $5 billion in funding for his proposed wall.
  • The European Central Bank appointed three temporary administrators on Wednesday to take charge of Italy’s Carige bank (MI:CRGI) in an unprecedented effort to save the struggling lender after it failed to raise new capital. Italy’s 10th largest bank said the administrators would seek fresh talks with the country’s deposit guarantee fund, which lent it 320 million euros ($364 million) via a convertible bond last year to help it meet a year-end deadline to boost capital.

COMEX GOLD SIGNAL

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2Jan

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 1.49 points or 0.09% on Monday. The Finance Index fell 0.26% to 17296.47 points, the Properties Index dropped 1.14% to 876.06 points and the Plantation Index rose 0.08% to 6902.96 points. The market traded within a range of 12.06 points between an intra -day high of 1701.10 and a low of 1689.04 during the session.
  • Actively traded stocks include SAPNRG, HUBLINE-WC, HUBLINE, VS, MYEG, PRESBHD, INARI, KNM, DESTINI and HSI-C5B. Trading volume increased to 1574.52 mil shares worth RM1326.19 mil as compared to Friday’s 1419.93 mil shares worth RM1100.20 mil.
  • Leading Movers were MISC (+12 sen to RM6.70), SIME (+4 sen to RM2.40), PETDAG (+34 sen to RM26.50), PETGAS (+20 sen to RM19.20) and DIALOG (+3 sen to RM3.11). Lagging Movers were MAXIS (-11 sen to RM5.35), HLFG (-30 sen to RM18.56), HARTA (-8 sen to RM6.14), CIMB (-7 sen to RM5.71) and TOPGLOV (-6 sen to RM5.60). Market breadth was positive with 429 gainers as compared to 361 losers.
  • The KLCI closed flat at 1690.58 points despite overnight mixed performance in the US market. The performance of our local bourse remain muted due to lack of fresh catalayst.

Today’s KLSE Stock Signal

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

 

31Dec

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

31decb

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold’s target for $1,300 remains intact, but gold bugs seem in no hurry to get there, awaiting equity markets to sink for the next big gold move higher. COMEX gold futures hit new six-month highs on Friday, reaching $1,284.55 per troy ounce. But instead of settling at those peaks in a push toward $1,300, the market gave back some, to finish up $1.45, or 0.1%, at $1,280.65.
  • The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, it had an overall detrimental impact on both of the world’s two largest economies.
  • The Trump administration on Friday said limits on mercury emissions from coal-fired power plants were unnecessary as they were too costly, sparking an outcry from environmentalists who feared the next step would be looser rules favoring the coal industry at the expense of public health. Under the Mercury and Air Toxic Standards, or MATS, enacted under former President Barack Obama, coal-burning power plants were required to install expensive equipment to cut output of mercury, which can harm pregnant women and put infants and children at risk of developmental problems.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • China will restrict imports of scrap steel and aluminum from July 1, the environment ministry said on Saturday. Scrap steel and aluminum would be moved from an unrestricted import list of solid waste products usable as raw materials to a restricted import list, the Ministry of Ecology and Environment said in a statement. Relevant departments were researching the formulation of standards for recycled copper and aluminum, it said.
  • The Federal Emergency Management Agency (FEMA) said on Friday it will resume issuing new flood insurance policies during the partial U.S. government shutdown, reversing a decision announced two days ago. FEMA, which oversees the National Flood Insurance Program, said it was rescinding guidance issued on Wednesday that it would not be able to sell new policies during the shutdown unless Congress passes legislation reauthorizing the program.
  • President Donald Trump threatened on Friday to close the southern U.S. border with Mexico unless he gets the money he wants for a wall, raising the stakes in a standoff that will present an immediate test next week for the new U.S. Congress. When Nancy Pelosi and the Democrats take control of the U.S. House of Representatives on Thursday, they plan to quickly approve a spending measure meant to end a partial government shutdown that began on Dec. 22, triggered by Trump’s demand for $5 billion in funding for his proposed wall.

GOLD TRADING FORECAST TODAY

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27Dec

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

 

INTERNATIONAL COMEX NEWS

  • Wall Street’s rebound isn’t scaring off gold bugs, who’ve got a host of worries on their side to bolster the precious metal’s standing as a safe haven. The S&P 500 and the Dow jumped more than 4%, percent each while the Nasdaqsurged more than 5% in the first day of trading following the Christmas holiday. To help soothe investors’ nerves, a White House official said the head of the Federal Reserve faced no risk of losing his job and that President Donald Trump was happy with his Treasury Secretary.
  • Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA. The career military officer, who for the past year has been boss at the troubled state-owned oil company, was at no ordinary mass. The gathering, rather, was a ceremony at which he and other senior oil ministry officials asked God to boost oil output.
  • U.S. oil prices on Thursday extended their sharp climb from the session before amid rising stock markets, but worries over a glut in crude supply and concerns over a faltering global economy kept a lid on gains. U.S. West Texas Intermediate (WTI) crude futures, were up 26 cents, or 0.56 percent, at $46.48 per barrel at 0032 GMT. They jumped 8.7 percent to $46.22 per barrel in the previous session.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The European Union will accept France running a budget deficit higher than the EU’s 3 percent ceiling next year, as long as it is a one-off event, EU Budget Commissioner Guether Oettinger said on Thursday. France said last week that its headline deficit could grow to 3.2 percent of output next year from 2.8 percent initially planned. President Emmanuel Macron is under strong pressure from violent protests at home to ease the impact of fiscal reforms.
  • A U.S. trade team will travel to Beijing the week of Jan. 7 to hold talks with Chinese officials, Bloomberg reported on Wednesday, citing two people familiar with the matter. The delegation will be led by Deputy U.S. Trade Representative Jeffrey Gerrish and will include David Malpass, Treasury under secretary for international affairs, Bloomberg said. U.S. and Chinese officials have spoken by phone in recent weeks, but next month’s meeting would be the first in-person talks since President Donald Trump met with his Chinese counterpart, Xi Jinping, in Buenos Aires on Dec. 1.
  • JPMorgan Chase & Co (N:JPM) will pay over $135 million to settle charges it mishandled so-called “pre-released” American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday. The regulator said the investment bank improperly provided ADRs, which are U.S. securities that represent foreign shares of foreign companies, to brokers even though the brokers and their clients lacked the corresponding foreign shares.

27dec5

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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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