Asian Market Update :Epic Research Malaysia

Asian stocks fell, led by Japanese shares, while the yen strengthened as data on the US economy and Chinese manufacturing fueled concern over the global slowdown. Crude oil and copper retreated as Australian bonds climbed.

The MSCI Asia Pacific Index lost 0.4 per cent in a fourth day of declines by 9.24am in Tokyo, as Japan's Topix index slipped 1.1 per cent. Standard & Poor's 500 Index futures dropped 0.1 per cent. The yen, regarded as a haven by some investors, touched its strongest level since Jan 16, while Korea's won slipped.

Australian three- and 10-year bond yields slid to record lows before an interest-rate review Tuesday. Copper futures lost 0.8 per cent and gold retreated, while US oil dropped 2.1 per cent after surging at the end of last week.

Today KLSE Stock Recommendation 30-Jan-2015

✔We Hit First Target ✔
■■ BUY V S INDUSTRY AT CMP 3.700 TARGET 3.730 3.760 3.820 SL 3.640
V S INDUSTRY 1ST TARGET 3.730 ACHIEVED BOOK PARTIAL PROFIT
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IForex Recommendations : Epic Research Malaysia

TRADING TIPS :
GBP/USD at 1.5150 after the Nationwide Building Society reported that U.K. house price inflation rose 0.3% this month, in line with expectations, after a 0.2% uptick in December.Year-on-year, U.K. house prices rose 6.8% in January, exceeding expectations for an increase of 6.6%, after a 7.2% gain the previous month.In the U.S., the Fed said on Wednesday that it would keep rates on hold at least until June and reiterated its pledge to be patient on raising interest rates, while acknowledging the solid economic recovery and strong growth in the labor market. The central bank also said it expected inflation to keep declining in the short term and added that it would take “financial and international developments” into account before deciding when to hike borrowing costs.







INTRADAY OUTLOOK
Support: 1.5078
Resistance: 1.5162

RECOMMENDATION:
1. Buy GBP/USD Above 1.5165-TG: 1.5185/1.5205 SL 1.5135
2. Sell GBP/USD Below 1.5075-TG: 1.5055/1.5025 SL 1.5105

INTRADAY OUTLOOK
Immediate Support: 1.1261
Immediate Resistance: 1.1372

RECOMMENDATION:
1. Buy EUR/USD Above -1.1375 TG: 1.1395/1.1425 SL 1.1335


2. Sell EUR/USD Below -1.1258 TG:1.1228/1.1198 SL 1.1288

Comex Recommendations : Epic Research Malaysia

INTERNATIONAL COMMODITY NEWS :
Gold prices rebounded slightly in Asia Friday on physical demand prospects ahead of the Chinese New Year holidays in February with the dollar also slightly weaker.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.15% to $1,259.20 a troy ounce in early Asia, while silver for March delivery traded at 17.000 a troy ounce, up 0.34%. The upbeat data added to optimism over the strength of the economy and supported expectations that the Federal Reserve will begin to raise rates sooner than previously thought. The U.S. central bank upgraded its assessment of the economy and the labor market on Wednesday, leaving it on track to raise rates in the second half of this year.





TRADING STRATEGY :
BUY GOLD ABOVE 1267 TARGET 1272 1278 SL 1261
SELL GOLD BELOW 1251.5 TARGET 1246.5 1240.5 SL 1257.5

Natural Gas Market Update : Epic Research Malaysia

March natural gas NGH15, -0.74% fell 12.3 cents, or 4.3%, to $2.719 per million British thermal units.

In other energy markets, heating oil for February HOG5, +0.25% fell 1.34 cents, or 0.8%, to $1.6184 a gallon, while gasoline RBG5, +0.60% for the same month rose 0.87 cents, or 0.7%, to $1.3537 a gallon.