KLSE IForex Recommendations

TRADING TIPS :

GBP/USD was down 0.27% at 1.5650, up from a session low of 1.5628 and off a high of 1.5714.Cable was likely to find support at 1.5588, Wednesday’s low, and resistance at 1.5737, Thursday’s high.The dollar rose on safe-haven demand after ECB President Mario Draghi reiterated on Friday that the central bank is prepared to act rapidly if low inflation persists.Draghi also expressed concerns over the euro zone’s weak growth, pointing out he saw no improvements in the coming months.The ECB head was speaking at the 24th European Banking Congress “Reshaping Europe,” in Frankfurt, and his comments sparked expectations for fresh stimulus.supporting the dollar was news that China cut its benchmark one-year deposit rate by 25 basis points to 2.75% and trimmed its one-year lending rate by 40 basis points to 5.6%


INTRADAY OUTLOOK
Support: 1.5624
Resistance: 1.5679

RECOMMENDATION:
1. Buy GBP/USD Above 1.5681-TG:1.5701/1.5731 SL 1.5651
2. Sell GBP/USD Below 1.5622-TG:1.5602/1.5572 SL 1.5652

INTRADAY OUTLOOK
Immediate Support: 117.66
Immediate Resistance: 117.94

RECOMMENDATION:
1. Buy USD/JPY Above 117.96-TG:118.16/118.46 SL 117.66
2. Sell USD/JPY Below 117.64-TG:117.44/117.14 SL 117.94

KLSE Stock Recommendations

MARKET UPDATES :

The Employees Provident Fund (EPF) approved 413,827 applications for withdrawals amounting to RM8.50 billion in the third quarter of 2014 (Q3 2014).The Flexible Age 55 Withdrawal remained the top withdrawal scheme at RM1.70 billion, up from RM1.53 billion withdrawn in the corresponding period in 2013.In a statement today, EPF said members who opted to withdraw their savings in full via the Age 55 Lump Sum Withdrawal scheme increased by 2.74 per cent to RM1.63 billion in Q3 2014 with 40,931 applications approved, up from RM1.60 billion in Q3 2013.



STOCK RECOMMENDATION :
BUY IOI CORP ABOVE 4.620 TARGET 4.680 4.780 SL 4.540

KLSE GOLD Recommendations

INTERNATIONAL COMMODITY NEWS :

•Gold prices gained in early Asia on Monday with the focus on a weak yen and signals from Beijing on measures to boost the economy. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,202.20 a troy ounce, up 0.32%. On Friday they settled at $1,197.70 a troy ounce. Markets in Japan are shut on Monday.

TRADING STRATEGY :

SELL GOLD BELOW 1191 TARGET 1181 1176 SL 1201
BUY GOLD ABOVE 1205 TARGET 1215 1230 SL 1195

SGX Stock Signal Update

Today SGX Stock Recommendation at 09.30SST

✔ Hit First Targets

■■ BUY ST ENGRG AT CMP 3.370-3.380 TARGET 3.410,3.460 ,3.520 SL 3.300

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Current Market Update

 Here are the latest trading levels for Asia's major stock markets: 

Tokyo (Nikkei Average) closed for holiday 
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