FBM KLCI Index Gained 3.75 Points

The FBM KLCI index gained 3.75 points or 0.22% on Wednesday. The Finance Index fell 0.08% to 17575.66 points, the Properties Index up 0.27% to 890.26 points and the Plantation Index rose 0.34% to 7426 points. The market traded within a range of 5.51 points between an intra-day high of 1742.80 and a low of 1737.29 during the session.

Actively traded stocks include MRCB, TIGER, BORNOIL, HIBISCS, BARAKAH, NGGB-WA, PWORTH, HIBISCS-WC, VS-WA and NGGB. Trading volume increased to 2025.48 mil shares worth RM2080.06 mil as compared to Tuesday’s 1526.79 mil shares worth RM1615.81 mil.

Leading Movers were GENM (+13 sen to RM4.51), DIGI (+6 sen to RM4.46), IOICORP (+5 sen to RM4.58), PMETAL (+5 sen to RM4.83) and SIMEPLT (+3 sen to RM5.23). Lagging Movers were HLBANK (-26 sen to RM20.68), HLFG (-22 sen to RM18.78), TM (-2 sen to RM2.56), RHBBANK (-4 sen to RM5.29) and MISC (-3 sen to RM5.65). Market breadth was positive with 538 gainers as compared to 275 losers.

Epic Research is playing a basic role as a leading financial advisory by providing best recommendations for,Forex, Comex , KLSE Stocks and all other segments with the help of team of experts and it maintains high accuracy. We Provide Daily KLSE Report , Daily Stock Signals, TOP 5 Gainers , TOP Losers, Malaysia Stock Market, Dividend Stock, KLCI , FCPO Signals, FKLI Signal Here.

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.4797 during European morning trade, the pair’s lowest since March 20; the pair subsequently consolidated at 1.4820, slipping 0.20%.The pound fell to one-week lows against the U.S. dollar on Friday, as demand for the greenback remained supported by the previous session’s upbeat U.S. data and as markets eyed an upcoming report on U.S. fourth quarter growth.The dollar found broad support after data on Thursday showing that the number of people filing unemployment assistance in the U.S. last week fell to a five-week low sparked optimism over the strength of the job market.




INTRADAY OUTLOOK
Support: 1.4837
Resistance: 1.4897

RECOMMENDATION:
1. Buy GBP/USD Above 1.4899-TG: 1.4919/1.4949 SL 1.4869
2. Sell GBP/USD Below 1.4835-TG: 1.4815/1.4785 SL 1.4865

INTRADAY OUTLOOK

Support: 1.0788

Resistance: 1.0848

RECOMMENDATION:

1. Buy EUR/USD Above 1.0850-TG: 1.0870/1.0900 SL 1.0820

2. Sell EUR/USD Below 1.0786 -TG:1.0766/1.0736 SL 1.0816

KLSE IForex Recommendations

TRADING TIPS :
GBP/USD hit 1.4839 during European morning trade, the pair’s lowest since Friday; the pair subsequently consolidated at 1.4867, retreating 0.57%.Cable was likely to find support at 1.4720, Friday’s low and resistance at 1.5012, the high of March 19.The pound dropped against the U.S. dollar on Monday, as the greenback regained some ground after declining sharply last week on the back of fresh uncertainty over the timing of a U.S. rate hike, while markets eyed upcoming U.K. data on industrial orders expectations.The dollar remained under pressure amid uncertainty over the path of U.S. monetary policy after the Federal Reserve downgraded its forecasts for growth and inflation and lowered its interest rate projections last week.




INTRADAY OUTLOOK
Support: 1.4930
Resistance: 1.4990

RECOMMENDATION:
1. Buy GBP/USD Above 1.4992-TG: 1.5012/1.5042 SL 1.4962
2. Sell GBP/USD Below 1.4928-TG: 1.4908/1.4878 SL 1.4958

INTRADAY OUTLOOK
Support: 1.0780
Resistance: 1.0860

RECOMMENDATION:
1. Buy EUR/USD Above 1.0862-TG: 1.0882/1.0912 SL 1.0832

2. Sell EUR/USD Below 1.0778-TG: 1.0758/1.0728 SL 1.0808
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KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.4723 during European morning trade, the session low; the pair subsequently consolidated at 1.4749.Cable was likely to find support at 1.4631, the low of March 18 and a nearly five-year low and resistance at 1.4853, the high of March 16.The pound held steady against the U.S. dollar on Friday, after positive U.K. public sector borrowing data, while sentiment on the greenback remained vulnerable after the Federal Reserve’s latest policy statement.In a report, the U.K. Office for National Statistics said that public sector net borrowing rose by £6.22 billion in February, less than the expected increase of £7.70 billion. January’s figure was revised to a £8.93 billion drop from a previously estimated decline of £9.41 billion.




INTRADAY OUTLOOK
Support: 1.4930
Resistance: 1.4990

RECOMMENDATION:
1. Buy GBP/USD Above 1.4992-TG: 1.5012/1.5042 SL 1.4962
2. Sell GBP/USD Below 1.4928-TG: 1.4908/1.4878 SL 1.4958

INTRADAY OUTLOOK
Support: 1.0780
Resistance: 1.0860

RECOMMENDATION:
1. Buy EUR/USD Above 1.0862-TG: 1.0882/1.0912 SL 1.0832
2. Sell EUR/USD Below 1.0778-TG: 1.0758/1.0728 SL 1.0808 

KLSE IForex Recommendations

TRADING TIPS :

GBP/USDeased 0.12% to 1.5342 from around 1.5358 ahead of the data,the services purchasing managers’ index ticked down to 56.7 from 57.2 in January. Economists had expected the index to rise to 57.5.On the index, a level above 50.0 indicates expansion in the industry, below 50.0 indicates contraction.“Although the rate of expansion slowed in the vast services economy, growth has picked up in both manufacturing and construction,” Chris Williamson, chief economist at survey compilers Markit said.”The three PMI surveys collectively indicated a slight acceleration in economic growth for a second successive month in February as a result, consistent with GDP growth picking up to 0.6% in the first quarter.”




INTRADAY OUTLOOK
Support: 1.5294
Resistance: 1.5364

RECOMMENDATION:
1. Buy GBP/USD Above 1.5366-TG: 1.5386/1.5416 SL 1.5336
2. Sell GBP/USD Below 1.5292-TG: 1.5272/1.5242 SL 1.5322

INTRADAY OUTLOOK
Support: 1.1096
Resistance: 1.1165

RECOMMENDATION:
1. Buy EUR/USD Above 1.1167-TG: 1.1187/1.1217 SL 1.1137
2. Sell EUR/USD Below 1.1094-TG: 1.1064/1.1034 SL 1.1124

KLSE IForex Recommendations

TRADING TIPS :
GBP/USD hit 1.5398 during European morning trade, the session high; the pair subsequently consolidated at 1.5371.U.K. construction purchasing managers’ index increased to 60.1 last month from a reading of 59.1 in January. Economists had expected the index to tick down to 59.0 in February. “Housing, commercial and civil engineering activity all expanded at the quickest rates since last October, helped by sharp rises in new business volumes and an improving economic backdrop.”The dollar had rallied broadly on Monday after data showed that U.S. manufacturing activity continued to expand in February supported expectations for higher interest rates.





INTRADAY OUTLOOK
Support: 1.5337
Resistance: 1.5394

RECOMMENDATION:
1. Buy GBP/USD Above 1.5396-TG: 1.5416/1.5446 SL 1.5366
2. Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365

INTRADAY OUTLOOK
Support: 1.1148
Resistance: 1.1187

RECOMMENDATION:
1. Buy EUR/USD Above 1.1189-TG: 1.1209/1.1239 SL 1.1159
2. Sell EUR/USD Below 1.1146-TG: 1.1126/1.1096 SL 1.1176

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5552 during European morning trade, the pair’s highest since January 2; the pair subsequently consolidated at 1.5531.In a report, the Office for National Statistics said the U.K. gross domestic product expanded by 0.5% in the final three months of 2014, unchanged from an initial estimate and in line with expectations. The U.K.’s economy grew by 0.7% in the previous quarter.Year-over-year, U.K. economic growth grew 2.7% in the three months to December, unchanged from a preliminary reading. The U.K. economy expanded at an annualized rate of 2.6% in the third quarter of 2014.The report also showed that total U.K. business investment fell 1.4% in the last quarter, disappointing forecasts for a 1.9% gain and following a 1.2% decline in the third quarter of 2014.




INTRADAY OUTLOOK
Support: 1.5492
Resistance: 1.5573

RECOMMENDATION:
1. Buy GBP/USD Above 1.5575-TG: 1.5595/1.5625 SL 1.5545
2. Sell GBP/USD Below 1.5490-TG: 1.5470/1.5440 SL 1.5520

INTRADAY OUTLOOK
Support: 1.1317

Resistance: 1.1396
RECOMMENDATION:
1. Buy EUR/USD Above 1.1398-TG: 1.1418/1.1448 SL 1.1368
2. Sell EUR/USD Below 1.1315-TG: 1.1295/1.1265 SL 1.1345 

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD up 0.28% to 1.5496.during European morning trade, the pair’s highest since January 2; the pair subsequently consolidated at 1.5509, gaining 0.36%.In a report, the British Bankers’ Association said that mortgage approvals rose by 36,400 in January, beating expectations for an increase of 36,200. December’s figure was revised to a 35,800 gain from a previously estimated rise of 35,700.Meanwhile, the greenback remained under pressure after Fed Chair Yellen said it was “unlikely” that economic conditions would warrant an interest rate increase for “at least the next couple of FOMC meetings”.





INTRADAY OUTLOOK
Support: 1.5450
Resistance: 1.5537

RECOMMENDATION:
1. Buy GBP/USD Above 1.5539-TG: 1.5559/1.5589 SL 1.5509
2. Sell GBP/USD Below 1.5448-TG: 1.5428/1.5398 SL 1.5478

INTRADAY OUTLOOK
Support: 1.1316
Resistance: 1.1393

RECOMMENDATION:
1. Buy EUR/USD Above 1.1395-TG: 1.1415/1.1445 SL 1.1365
2. Sell EUR/USD Below 1.1314-TG: 1.1294/1.1264 SL 1.1284

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5474 during European morning trade, the session high; the pair subsequently consolidated at 1.5446. Investors remained cautious as Fed Chair Janet Yellen was to testify before the Senate Banking Committee in Washington later Tuesday, with market participants watching for any indication on when U.S. interest rates may start to rise.Last week’s minutes of the Fed’s January meeting were more dovish than expected, showing that some officials thought that raising rates too soon could weigh on the U.S. economic recovery, and that a deterioration in the global economic outlook could also pose a threat.The pound shrugged off a report by the Confederation of British Industry on Monday showing that its index of U.K. retailers plunged by 38.0 points to a 21-month low of 1.0 in February from 39.0 in January.




INTRADAY OUTLOOK
Support: 1.5401
Resistance: 1.5479

RECOMMENDATION:
1. Buy GBP/USD Above 1.5481-TG: 1.5501/1.5531 SL 1.5451
2. Sell GBP/USD Below 1.5399-TG: 1.5379/1.5349 SL 1.15429

INTRADAY OUTLOOK
Support: 1.1278
Resistance: 1.1350

RECOMMENDATION:
1. Buy EUR/USD Above 1.1352-TG: 1.1372/1.1402 SL 1.1322
2. Sell EUR/USD Below 1.1276-TG: 1.1256/1.1226 SL 1.1306

KLSE IForex Recommendations

TRADING TIPS :

USD/JPYtraded at 119.06, up 0.03% against the dollar.The Bank of Japan is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was quoted at 94.40.Last week, the euro pushed higher against the dollar and the yen on Friday after euro zone finance ministers agreed on a deal to extend Greece’s bailout by four months. The euro zone approved the extension of Greece’s €240 billion bailout, removing concerns that the country would face a liquidity crunch when its current bailout agreement expired at the end of the month.




INTRADAY OUTLOOK
Support: 118.77
Resistance: 119.41

RECOMMENDATION:
1. Buy USD/JPY Above 119.43-TG: 119.63/119.93 SL 119.13
2. Sell USD/JPY Below 118.75-TG: 118.55/118.25 SL 119.05

INTRADAY OUTLOOK
Immediate Support: 1.1292
Immediate Resistance: 1.1372

RECOMMENDATION:
1. Buy EUR/USD Above -1.1374 TG: 1.1394/1.1424 SL 1.1344
2. Sell EUR/USD Below -1.1290 TG:1.1270/1.1240 SL 1.1320

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5353 during European morning trade, the pair’s lowest since February 18; the pair subsequently consolidated at 1.5384, shedding 0.19%.In a report, the Office for National Statistics said U.K. retail sales rose fell 0.3% in January, compared to expectations for a 0.2% downtick. December’s figure was revised to a 0.2% gain from a previously estimated increase of 0.4%.Year-on-year, U.K. retail sales rose at a rate of 4.8% last month, below expectations for a 5.9% increase and after a downwardly revised 3.8% gain in December.A separate report showed that U.K. public sector net borrowing dropped by £9.40 billion January, more than the expected decline of £7.80 billion. December’s figure was revised to a £9.87 rise from a previously estimated £12.47 increase.

INTRADAY OUTLOOK

Support: 1.5315

Resistance: 1.5389

RECOMMENDATION:

1. Buy GBP/USD Above 1.5392-TG: 1.5412/1.5442 SL 1.5362

2. Sell GBP/USD Below 1.5313-TG: 1.5293/1.5263 SL 1.5343

INTRADAY OUTLOOK

Immediate Support: 1.1268

Immediate Resistance: 1.1359

RECOMMENDATION:

1. Buy EUR/USD Above -1.1361 TG: 1.1381/1.1411 SL 1.1331

2. Sell EUR/USD Below -1.1266 TG:1.1246/1.1216 SL 1.1296

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5466 during European morning trade, the session high; the pair subsequently consolidated at 1.5448.Sentiment on the dollar remained vulnerable after the minutes of the Fed’s January meeting showed that policymakers expressed concern that raising interest rates too soon could dampen the U.S. economic recovery. The pound had strengthened on Wednesday after data showed that the U.K. unemployment rate fell to a six-year low 5.7% in the three months to December from 5.8% in the preceding three month-period and better than expectations for a reading of 5.8%.The report also showed that the claimant count fell by 38,600 last month, compared to expectations for a decline of 25,000.Meanwhile, investors continued to focus on developments in Greece, as Athens was expected to submit a request for an extension of its existing loan agreement with the euro zone, which differentiates from its bailout, later Thursday.

INTRADAY OUTLOOK

Support: 1.5401

Resistance: 1.5478

RECOMMENDATION:

1. Buy GBP/USD Above 1.5480-TG: 1.5500/1.5530 SL 1.5450

2. Sell GBP/USD Below 1.5399-TG: 1.5379/1.5349 SL 1.5429

INTRADAY OUTLOOK

Immediate Support: 1.1342

Immediate Resistance: 1.1448

RECOMMENDATION:

1. Buy EUR/USD Above -1.1450 TG: 1.1470/1.1500 SL 1.1420

2. Sell EUR/USD Below -1.1340 TG:1.1320/1.1290 SL 1.1370 

KLSE IForex Recommendations

TRADING TIPS :
GBP/USD hit 1.5337 during European morning trade, the session low; the pair subsequently consolidated at 1.5349, slipping 0.10%.In a report, the U.K. Office for National Statistics said the rate of consumer price inflation decelerated to 0.3% last month from 0.5% in December, broadly in line with market expectations. Month-over-month, consumer price inflation declined 0.9% in January, compared to expectations for a drop of 0.8% and after holding flat in December.Bank of England Governor Mark Carney will now have to write an open letter to the Chancellor of the Exchequer, George Osborn, as inflation is more than a percentage point below the central bank’s target of 2.0%.

INTRADAY OUTLOOK
Support: 1.5337
Resistance: 1.5400

RECOMMENDATION:
1. Buy GBP/USD Above 1.5402-TG: 1.5422/1.5452 SL 1.5372
2. Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365

INTRADAY OUTLOOK
Immediate Support: 1.1392
Immediate Resistance: 1.1467

RECOMMENDATION:
1. Buy EUR/USD Above -1.1469 TG: 1.1489/1.1519 SL 1.1439
2. Sell EUR/USD Below -1.1390 TG:1.1370/1.1340 SL 1.1420 

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5440 during European morning trade, the pair’s highest since January 2; the pair subsequently consolidated at 1.5413, adding 0.12%.The dollar remained under pressure after data on Friday showed that the preliminary reading of the University of Michigan’s consumer sentiment index fell to 93.6, down from January’s final reading of 98.1.The report came a day after data showing that U.S. retail sales unexpectedly fell 0.8% lastmonth after dropping 0.9% in December, indicating that consumer spending remained sluggish at the start of the year.The pound had strengthened last week after the Bank of England said inflation is likely to fall to zero in the first half of this year, but added that there was no threat of deflation taking hold in the U.K.

INTRADAY OUTLOOK

Support: 1.5327

Resistance: 1.5408

RECOMMENDATION:

1. Buy GBP/USD Above 1.5410-TG: 1.5430/1.5460 SL 1.5380

2. Sell GBP/USD Below 1.5325-TG: 1.5305/1.5275 SL 1.5355

INTRADAY OUTLOOK

Immediate Support: 1.1368

Immediate Resistance: 1.1459

RECOMMENDATION:

1. Buy EUR/USD Above -1.1461 TG: 1.1481/1.1511 SL 1.1431

2. Sell EUR/USD Below -1.1366 TG:1.1346/1.1316 SL 1.1399

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5419 during European morning trade, the pair’s highest since January 2; the pair subsequently consolidated at 1.5388.The pound had strengthened on Thursday after the BoE said inflation is likely to fall to zero in the first half of this year, but added that there was no threat of deflation taking hold in the U.K.In its quarterly inflation report, the BoE said “it is now more likely than not that CPI inflation will dip briefly below zero at some point in the first half of 2015,” and remain “close to zero” for most of the year.However, BoE Governor Mark Carney said there was not threat of persistent deflation as the decline in inflation was due to falling petrol, food and energy prices.In addition, the bank said it would now consider cutting interest rates below 0.5% if inflation dips more deeply into negative territory than expected.




INTRADAY OUTLOOK
Support: 1.5318
Resistance: 1.5420

RECOMMENDATION:
1. Buy GBP/USD Above 1.5422-TG: 1.5442/1.5472 SL 1.5392
2. Sell GBP/USD Below 1.5316-TG: 1.5296/1.5266 SL 1.5346

INTRADAY OUTLOOK
Immediate Support: 1.1361
Immediate Resistance: 1.1459

RECOMMENDATION:
1. Buy EUR/USD Above -1.1461 TG: 1.1481/1.1511 SL 1.1431
2. Sell EUR/USD Below -1.1359 TG:1.1339/1.1309 SL 1.1389

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD was up 0.65% to 1.5334 from 1.5226 ahead of the inflation report.In a change to its forward guidance, the bank said it would now consider cutting interest rates below 0.5% if inflation dips more deeply into negative territory than expected.”The MPC stands ready to take whatever action is needed, as events unfold, to ensure inflation remains likely to return to target in a timely fashion, Carney said.The bank also raised its growth forecast for this year to 2.9% from 2.6% previously and said it also expects growth of 2.9% in 2016. The pound rose to session highs against the dollar on Thursday after the Bank of England said inflation is likely to fall to zero in the first half of this year, but said there was no threat of deflation taking hold in the U.K.





INTRADAY OUTLOOK
Support: 1.5425
Resistance: 1.5485

RECOMMENDATION:
1. Buy GBP/USD Above 1.5488-TG: 1.5508/1.5538 SL 1.5458
2. Sell GBP/USD Below 1.5420-TG: 1.5400/1.5370 SL 1.5450

INTRADAY OUTLOOK

Immediate Support: 1.1320

Immediate Resistance: 1.1380

RECOMMENDATION:

1. Buy EUR/USD Above -1.1382 TG: 1.1402/1.1432 SL 1.1352

2. Sell EUR/USD Below -1.1318 TG:1.1298/1.1268 SL 1.1348

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5297 during European morning trade, the pair’s highest since February 6; the pair subsequently consolidated at 1.5283, adding 0.19%.Investors remained cautious following reports the European Commission could propose a six-month extension to Greece’s existing bailout program at an emergency meeting of the euro group of finance ministers, due to take place later in the day.Athens is expected to ask for a bridge loan to cover its funding needs until September, and to also propose new economic reforms to replace some of the harshest austerity conditions attached to its bailout.However, German Finance Minister Wolfgang Schaeuble dampened hopes Wednesday morning, by saying there are no plans to discuss a new agreement.

INTRADAY OUTLOOK
Support: 1.5266
Resistance: 1.5325

RECOMMENDATION:
1. Buy GBP/USD Above 1.5327-TG: 1.5347/1.5377 SL 1.5297
2. Sell GBP/USD Below 1.5264-TG: 1.5244/1.5214 SL 1.5294

INTRADAY OUTLOOK
Immediate Support: 1.1261
Immediate Resistance: 1.1334

RECOMMENDATION:
1. Buy EUR/USD Above -1.1336 TG: 1.1356/1.1386 SL 1.1306

2. Sell EUR/USD Below -1.1259 TG:1.1239/1.1209 SL 1.1289