Current Market Update :Epic Research Malaysia

Tokyo (Nikkei Average NIK, -1.19% ) down 0.5% 
Hong Kong (Hang Seng Index HSI, -0.36% ) down 0.3% 
Shanghai (Shanghai Composite Index SHCOMP, +0.49% ) up 0.4% (at break)
Sydney (S&P/ASX 200 XJO, +1.51% ) up 1.2% 
Seoul (Kospi SEU, -0.15% ) down 0.1% 
Mumbai (Sensex 1, -0.05% ) up 0.3% 
Taipei (Taiex Y9999, +0.61% ) up 0.7%

IForex Recommendations :Epic Research Malaysia

TRADING TIPS :

USD/JPY hit 117.39 during late Asian trade, the session low; the pair subsequently consolidated at 117.86, declining 0.38%. Apreliminary report earlier showed that Japanese industrial production rose 1.0% in December, confounding expectations for an increase of 1.3%, after a 0.5% fall the previous month.A separate report showed that household spending in Japan rose 0.4% last month, below expectations for a 0.3% gain, after a 0.4% uptick in November. Data also showed that Tokyo’s consumer price inflation advanced 2.3% this month, exceeding expectations for a 2.2% rise and after a 2.1% rise in December.Tokyo’s core consumer price inflation, which excludes fresh food, rose 2.2% in January, in line with expectations, after a 2.3% increase in December.

INTRADAY OUTLOOK

Support: 117.07

Resistance: 117.76

RECOMMENDATION:

1. Buy USD/JPY Above 117.78-TG: 117.98/118.28 SL 117.48

2. Sell USD/JPY Below 117.05-TG: 116.85/116.55 SL 117.35

INTRADAY OUTLOOK

Immediate Support: 1.1269

Immediate Resistance: 1.1340

RECOMMENDATION:

1. Buy EUR/USD Above -1.1342 TG: 1.1362/1.1392 SL 1.1312

2. Sell EUR/USD Below -1.1267 TG:1.1247/1.1217 SL 1.1297

Comex Recommendations :Epic Research Malaysia

INTERNATIONAL COMMODITY NEWS :
Gold rallied more than $20 on Friday, after data showed the U.S. economy grew less than expected in the fourth quarter.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery jumped $23.30, or 1.86%, to settle at $1,279.20 a troy ounce by close of trade on Friday.Futures were likely to find support at $1,252.10, the low from January 29, and resistance at $1,300.20, the high from January 26.The Commerce Department said in a report that the economy expanded 2.6% in the final three months of 2014, below expectations for a 3.0% gain and slowing sharply from growth of 5.0% in the three months to September.The U.S. dollar index, which measures the greenback’s strength against a trade weighted basket of six major currencies, ended at 95.00 by late-Friday, down 0.01% for the day and 0.33% lower on the week

TRADING STRATEGY :
BUY GOLD ABOVE 1288 TARGET 1293 1299 SL 1282
SELL GOLD BELOW 1272 TARGET 1267 1261 SL 1279

Current Market Update:Epic Research Malaysia

Tokyo (Nikkei Average NIK, -0.45% ) down 0.5% 
Hong Kong (Hang Seng Index HSI HSI, -0.28% ) down 0.4% 
Shanghai (Shanghai Composite Index SHCOMP, -1.16% ) down 1.8% 
Sydney (S&P/ASX 200 XJO, +0.34% ) up 0.9% 
Seoul (Kospi SEU, -0.08% ) up 0.1%
Taipei (Taiex Y9999, +0.14% ) up 0.1%

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.