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
Get 1 Week Free Trial to Know the Best Position of ENTRY/EXIT in Live Trading Market & Enjoy our Upto 90% of Accuracy.

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.

Oil Market Update : Epic Research Malaysia

Oil futures ended with small gains Thursday, but only after the U.S. benchmark sank below the $44-a-barrel level for the first time in nearly six years in a trading environment shadowed by a rapidly growing glut of crude.

Light, sweet crude for March delivery CLH5, +0.29% on the New York Mercantile Exchange rose 8 cents, or 0.2%, to close at $44.53 a barrel. It was a choppy trading session, with the contract earlier dipping as low as $43.58, its lowest level since March 2009. The price action follows a 3.9% slide from Wednesday, which was triggered by bearish inventory data.

ICE Brent crude, the global oil benchmark, gained ground, with the March contract LCOH5, -0.14% rising 66 cents, or 1.4%, to settle at $49.13 a barrel.

Comex Market Update : Epic Research Malaysia

In other metals, platinum for April delivery PLJ5, +0.68% tumbled $41.20, or 3.3%, to $1,217.30 an ounce, while palladium for March delivery PAH5, +0.86% lost $24.70 to $771.60 an ounce.



High-grade copper for March delivery HGH5, -0.43% fell 3 cents, or 1.1%, to $2.45 a pound.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my

Commodity Market Update : Epic Research Malaysia

Gold posted its biggest daily percentage drop in 13 months on Thursday as U.S. jobless claims fell sharply, bolstering the Federal Reserve’s commitment to tightening monetary policy later in the year.



Gold for February delivery GCG5, +0.49% skidded $31.30, or 2.4%, to settle at $1,254.60 an ounce, while March silver futures SIH5, +0.94% shed $1.32, or 7.3%, to $16.77 an ounce.

Current Market Update:Epic Research Malaysia

Tokyo (Nikkei Average NIK, +0.75% ) up 0.7%
Hong Kong (Hang Seng Index HSI, -0.11% ) down 0.1%
Shanghai (Shanghai Composite Index SHCOMP, -0.97% ) down 1% (at break)
Sydney (S&P/ASX 200 XJO, +0.83% ) up 0.9%
Seoul (Kospi SEU, +0.05% ) flat
Mumbai (Sensex 1, -0.34% ) up 0.2%


Taipei (Taiex Y9999, -0.30% ) down 0.1%

IForex Recommendations : Epic Research Malaysia

TRADING TIPS :

GBP/USD hit 1.5198 during European morning trade, the session high; the pair subsequently consolidated at 1.5194.Investors were looking ahead to the outcome of Wednesday’s Fed meeting, with the bank expected to stick to its pledge to be patient on tightening monetary policy.Markets shrugged off data on Tuesday showing that U.K. gross domestic product expanded by 0.5% in the final three months of 2014, below forecasts for growth of 0.6%.Year-over-year, U.K. economic growth grew 2.7% in the three months ending December, missing expectations for a gain of 2.8%.A separate report showed that U.K. mortgage approvals dropped to a 20-month low of 35,700 last month from November’s total of 36,700.

INTRADAY OUTLOOK

Support: 1.5136

Resistance: 1.5241

RECOMMENDATION:

1. Buy GBP/USD Above 1.5243-TG: 1.5263/1.5293 SL 1.5213

2. Sell GBP/USD Below 1.5133-TG: 1.5113/1.5083 SL 1.5163

INTRADAY OUTLOOK

Immediate Support: 1.1325

Immediate Resistance: 1.1421

RECOMMENDATION:

1. Buy EUR/USD Above -1.1423 TG: 1.1443/1.1473 SL 1.1393

2. Sell EUR/USD Below -1.1323 TG:1.1303/1.1273 SL 1.1353

Comex Recommendations : Epic Research Malaysia

INTERNATIONAL COMMODITY NEWS :
Gold prices fell in Asia on Thursday after trhe Federal Reserve signaled it remained on track to raise interest rates this year, though the timing remains uncertain.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell 0.11% to trade at $1,285.80 a troy ounce in Asia, while silver futures eased 0.56% to $17.987 a troy ounce.Gold edged lower in quiet trade on Wednesday as the Federal Reserve said the U.S. economy was expanding “at a solid pace” as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year.The U.S. central bank repeated it would be “patient” in deciding when to raise benchmark borrowing costs from zero, where they have been stuck since late-2008.

TRADING STRATEGY :
BUY GOLD ABOVE 1286 TARGET 1291 1297 SL 1280
SELL GOLD BELOW 1271 TARGET 1266 1260 SL 1277

S&P Market News Update : Epic Research Malaysia

U.S. stocks ended Wednesday’s choppy trading session sharply lower after the Federal Reserve’s policy-making committee reiterated it plans to remain patient and watch the data as it decides when to raise interest rates.

The S&P 500 SPX, -1.35% closed 27.39 points, or 1.4%, lower at 2,002.23, with all 10 main sectors finishing in the red. The energy sector fell 3.9%, as oil fell to lowest levels since March 2009.

Forex Market Update : Epic Research Malaysia

The dollar inched higher against the euro and pound Wednesday afternoon after the Federal Reserve’s policy statement included no clear guidance about its rate-hike plans.

The dollar USDJPY, +0.31%  was at ¥117.43, compared with ¥117.80 Tuesday. The euro EURUSD, -0.14%  traded at $1.1289, compared with $1.1362 Tuesday. The pound USDGBP, +0.01%  traded at $1.5169, compared with $1.5185.

The Russian ruble RUBUSD, -0.38%  declined to 67.84 rubles per dollar, compared to 67.75 Tuesday.

After the news, the Singapore dollar USDSGD, +0.07%   fell 1.4% to 1.36 per U.S. dollar, its lowest level in more than four years. It traded at 1.34 to the dollar Tuesday.

Gasoline Market Update : Epic Research Malaysia

Elsewhere in energy trading, gasoline for February delivery RBG5, +0.67%  turned lower, off half a penny, or 0.4%, to finish at $1.3450 a gallon on Nymex. February heating oil HOG5, -0.10%  fell 3 cents, or 1.9%, to end at $1.6318 a gallon on Nymex.

February natural gas NGG15, -3.66%  retreated 11.5 cents, or 3.9%, to end at $2.8660 per million British thermal units. That was natural gas’s largest one-day drop in a week.

IForex Recommendations : Epic Research Malaysia

TRADING TIPS :
GBP/USD pulled away from 1.5117, the session high, to hold steady at 1.5075 during European morning trade.In a report, the Office for National Statistics said U.K. gross domestic product expanded by 0.5% in the final three months of 2014, below forecasts for growth of 0.6%. 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 ending December, missing expectations for a gain of 2.8%. The U.K. economy expanded at an annualized rate of 2.6% in the third quarter of 2014.A separate report showed that U.K. mortgage approvals decreased to a 20-month low of 35,700 last month from November’s total of 36,700. Analysts had expected the number of new mortgages approved to decline to 36,600 in December.





INTRADAY OUTLOOK
Support: 1.5058
Resistance: 1.5131


RECOMMENDATION:
1. Buy GBP/USD Above 1.5133-TG: 1.5153/1.5183 SL 1.5103
2. Sell GBP/USD Below 1.5055-TG: 1.5035/1.5005 SL 1.5085


INTRADAY OUTLOOK
Immediate Support: 1.1215
Immediate Resistance: 1.1293


RECOMMENDATION:
1. Buy EUR/USD Above -1.1295 TG: 1.1315/1.1345 SL 1.1265



2. Sell EUR/USD Below -1.1213 TG:1.1193/1.1163 SL 1.1243

Comex Recommendations : Epic Research Malaysia

INTERNATIONAL COMMODITY NEWS :
Gold prices eased on Wednesday with investors looking ahead to comments from the Federal Reserve on the prospects for a rate hike this year.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery eased 0.05% to trade at $1,292.30 a troy ounce.Overnight, gold erased losses to hit the highest levels of the session on Tuesday, after data showed that U.S. durable goods orders fell unexpectedly in December, fuelling concerns over the strength of the economy. In a report, the U.S. Commerce Department said that total durable goods orders, which include transportation items, fell by 3.4% last month, compared to expectations for a gain of 0.5%.Core durable goods orders, excluding volatile transportation items, declined by 0.8% in December, disappointing forecasts for a 0.6% gain.





TRADING STRATEGY :
BUY GOLD ABOVE 1298 TARGET 1303 1309 SL 1292
SELL GOLD BELOW 1283 TARGET 1278 1272 SL 1289

Forex Market Update :Epic Research Malaysia

The U.S. dollar weakened against its main rivals Tuesday after the Commerce Department said durable-goods orders were surprisingly weak in December.

The euro EURUSD, -0.36% climbed to $1.1351, from $1.1239 late Monday.

The dollar traded at USDJPY, +0.23% to ¥117.81, compared with ¥118.48 late Monday in New York.

The franc fell to its lowest level since the SNB ditched the trading cap. The euro EURCHF, -0.07% traded as high as 1.0381 francs, from 1.0150 earlier in European trading. The shared currency was worth 1.0258 francs in recent trade. The dollar USDCHF, +0.28% rose to 0.9042 francs, up from 0.9030 late Monday.

In other currencies, the pound GBPUSD, -0.24% rose to $1.5192 after the durable-goods orders data.

The ICE U.S. Dollar Index, DXY, +0.24% a measure of the dollar’s value against a basket of six trade-weighted currencies, was down 0.76% to 94.0860.

Gasoline Market Update :Epic Research Malaysia

Elsewhere in energy trading, gasoline for February RBG5, +0.64% rose 3 cents, or 2.5%, to $1.3501 a gallon on Nymex, while February heating oil HOG5, -0.90% gained 2 cents, or 1.4%, to $1.6628 a gallon on Nymex.

February natural gas NGG15, -1.95% advanced 10 cents, or 3.5%, to $2.9810 per million British thermal units. The contract, which is set to expire on Wednesday, slumped 3.5% on Monday.

Oil Market Update :Epic Research Malaysia

Crude-oil futures rose more than 2% on Tuesday, as some optimism about curtailing output seemed to permeate markets and ahead of a fresh weekly report on stockpiles.

Light, sweet crude futures for delivery in March CLH5, -1.32% rose $1.08, or 2.4%, to settle at $46.23 a barrel on the New York Mercantile Exchange.

Brent crude for March delivery LCOH5, -1.03% added $1.44, or 3%, to $49.60 a barrel on London’s ICE Futures Exchange. Futures earlier hit an intraday low at $47.67 a barrel, and traded as high as $49.99 a barrel.

Platinum Market Update:Epic Research Malaysia

In other metals, platinum for April delivery PLJ5, -0.10% climbed $9.30, or 0.7%, to $1,264.30 an ounce, while palladium for March delivery PAH5, -0.35% fell $1.10, or 0.1%, to $780.75 an ounce.

High-grade copper for March delivery HGH5, +0.45% fell 8 cents to $2.46 a pound.

Commodity Market Update:Epic Research Malaysia

Gold futures added to modest gains Tuesday, after a sharp, unexpected fall in U.S. durable-goods orders hit stocks and triggered demand for havens.

Gold for February delivery GCG5, -0.12% rose $12.30, or 1%, to $1,291.70 an ounce, while March silver futures SIH5, -0.55% gained 10 cents to $18.08 an ounce.

Asian Market Update :Epic Research Malaysia

Asian equity markets sank on Wednesday following a heavy sell-off in New York, where a string of poor earnings reports stoked concerns about the US economy and put pressure on the dollar.

Traders are also keeping an eye on Europe as Greece's new anti-austerity government prepares to face off with its international creditors over its bailout.

Tokyo fell 0.20 per cent, Sydney lost 0.27 per cent, Hong Kong was 0.16 per cent lower, Shanghai sank 1.30 per cent and Seoul gave up 0.18 per cent.

Global investors - already nervous owing to political uncertainty in Greece, plunging oil prices and weak world economic growth - ran for cover in US trade Tuesday in response to negative reports from some of the world's biggest firms.

Forex Market Update:Epic Research Malaysia

The euro traded higher against its main rivals Monday as the initial shock from Syriza’s electoral victory in Greece faded, and a gauge of German business activity proved more upbeat than expected.

The euro EURUSD, +0.04% was worth $1.1267 in recent trade, compared with $1.1208 late Friday in New York.

The euro EURGBP, -0.08% similarly recovered from a six-year low of £0.7405 to trade at £0.7479 Monday, which was about even with its Friday afternoon level. It EURJPY, -0.06% traded at ¥133.47 Monday morning, after falling to a low of ¥130.15. It traded at ¥132.14 Friday.

The dollar EURJPY, -0.05% was at ¥118.38, from ¥117.81 late Friday in New York as investors positioned for a bump in the dollar’s value after the Federal Reserve’s policy statement, which is expected Wednesday after the close of the FOMC’s two-day policy meeting.

The broader ICE dollar index DXY, -0.05% was flat at 94.7720.

The pound GBPUSD, +0.15% climbed to $1.5079, from $1.4992 late Friday, as investors anticipated a strong reading on British gross domestic product Tuesday morning.

Natural Gas Market Update:Epic Research Malaysia

Elsewhere in energy trading, natural gas for February delivery NGG15, +1.46% fell 10.5 cents, or 3.5%, to $2.881 per million British thermal units. See: What blizzard? Natural gas futures shrug off weather.

The contract had rallied 5.3% on Friday, driven higher amid a massive cold spell across much of eastern North America.

Nymex gasoline for February RBG5, +0.02% fell 3.12 cents, or 2.3%, to $1.3167 a gallon, while February heating oil HOG5, +0.12% lost 0.69 cents, or 0.4%, to $1,6398 a gallon.

Oil Market Update:Epic Research Malaysia

New York-traded oil futures ended lower Monday after shifting between gains and losses in the wake of an election win by Greek anti austerity party Syriza.

Light, sweet crude for March delivery CLH5, +0.24% fell 44 cents, or 1%, to close at $45.15 a barrel on the New York Mercantile Exchange.

Brent crude also declined, with the March contract LCOH5, +0.35% declining 63 cents, or 1.3%, to $48.16 a barrel on London’s ICE Futures Exchange.

Platinum Market Update :Epic Research Malaysia

In other metals, platinum for April delivery PLJ5, -0.10% lost $13.70 to $1,255 an ounce, while palladium for March delivery PAH5, -0.57% gave up $7.75 to $781.85 an ounce.

High-grade copper for March delivery HGH5, -0.45% rose 4 cents to $2.54 a pound.

Commodity Market Update:Epic Research Malaysia

Gold futures declined on Monday as traders took profits after radical leftist party Syriza won the Greek election over the weekend, adding a dash of uncertainty to markets.

Gold for February delivery GCG5, -0.17% retreated $13.20, or 0.1%, to settle at $1,279.40 an ounce, while March silver futures SIH5, -0.74% shed 6 cents to $18.30 an ounce.

Current Market Update:Epic Research Malaysia

Tokyo (Nikkei Average NIK, +1.22% ) up 1.3%
Hong Kong (Hang Seng Index HSI, -0.80% ) down 0.8%
Shanghai (Shanghai Composite Index SHCOMP, -1.88% ) down 1.9% (at break)
Sydney (S&P/ASX 200 XJO, +0.76% ) up 0.8%
Seoul (Kospi SEU, +0.45% ) up 0.4%
Mumbai (Sensex 1, +0.37% ) up 0.6%
Taipei (Taiex Y9999, +0.00% ) flat

Asian Market Update :Epic Research Malaysia

Asian share markets were mostly firmer on Tuesday and the euro clung to rare gains, relieved that European equities had weathered Greece's election outcome without much disruption.

Bad weather in the United States curbed activity on Wall Street in a busy week for earnings, while investors had reason for caution as the Federal Reserve holds its first policy meeting of the year.

Japan's Nikkei gained 1.4 per cent, while Australia's main index added 0.5 per cent. Moves were mostly modest and MSCI's broadest index of Asia-Pacific shares outside Japan was flat on the day.



China went its own way and the Shanghai index slipped 0.5 per cent.

Forex Market Update:Epic Research Malaysia

The euro recorded its largest weekly decline against the dollar since September 2011 Friday.

The euro EURUSD, +0.00% traded in a tight range around $1.2400 against the greenback after falling to $1.1115, its lowest level since September 2003. The shared currency traded at $1.1361 late Thursday. The euro EURJPY, +0.00% also pulled back from ¥130.93, its lowest level against the Japanese yen since October 2013. The shared currency was worth ¥132.4500 in recent trade, EURJPY, +0.00% compared with ¥134.65 Thursday.

The aussie AUDUSD, +0.00% extended its declines from earlier in the week, falling to below 80 cents for the first time since July 2009. It was last trading at a session low of 79.13 cents, compared with about 80 cents Thursday.

Gasoline Market Update:Epic Research Malaysia

Elsewhere in energy trading, gasoline for February RBG5, +1.16% rose 2 cents, or 1.3%, to end at $1.3479 a gallon on Nymex, while February heating oil HOG5, +0.27% rose a penny, or 0.5%, to $1.6467 a gallon on Nymex. On the week, gasoline lost 0.8% and heating oil 1.1%.

Natural gas also for February delivery NGG15, +4.66% ended 15 cents higher, or 5.3%, at $2.9860 per million British thermal units.

Commodity Market Update:Epic Research Malaysia

New York-traded oil ended Friday at its lowest level since March 2009, amassing losses of more than 7% on the week.

Crude-oil futures were mixed, with London-traded Brent settling higher. Investors parsed news of the death of Saudi Arabia’s King Abdullah and marginal improvement in China’s manufacturing data.

Light, sweet crude futures for March delivery CLH5, -2.20% retreated 72 cents, or 1.6%, to settle at $45.59 a barrel on the New York Mercantile Exchange. That was the lowest finish since March 11, 2009.

Commodity Market Update:Epic Research Malaysia

Gold futures retreated, failing to secure a foothold above $1,300, as the U.S. dollar strengthened against rivals.

Gold for February delivery on Comex GCH5, -0.43% fell $8.10, or 0.6%, to settle at $1,292.60 an ounce, but closed up 1.2% on the week. The precious metal had settled above $1,300 on Thursday for the first time since August.

March silver SIH5, -0.19% fell 6 cents, or 0.3%, to $18.30 an ounce.

IForex Recommendations :Epic Research Malaysia

TRADING TIPS :
GBP/USDhit 1.5173 during European morning trade, the session high; the pair subsequently consolidated at 1.5169, adding 0.17%.Investors were waiting to see if the ECB would embark on a large scale quantitative easing program later in the day.Earlier Thursday, the Office for National Statistics said that U.K. public sector net borrowing rose to £12.47 billion last month from a revised £11.73 billion in November, whose figure was revised from a previously estimated £13.41 billion.Analysts had expected public sector net borrowing to decline to £9.7 billion in December. The pound had weakened on Wednesday after the minutes of the Bank of England’s January policy meeting showed that members voted unanimously to keep the asset puschase facility program on hold.






INTRADAY OUTLOOK
Support: 1.5120
Resistance: 1.5201


RECOMMENDATION:
1. Buy GBP/USD Above 1.5203-TG: 1.5223/1.5253 SL 1.5173
2. Sell GBP/USD Below 1.5118-TG: 1.5098/1.5068 SL 1.5148


INTRADAY OUTLOOK
Immediate Support: 1.1614
Immediate Resistance: 1.1678


RECOMMENDATION:
1. Buy EUR/USD Above -1.1680 TG: 1.1700/1.1730 SL 1.1650

2. Sell EUR/USD Below -1.1612 TG:1.1592/1.1562 SL 1.1642

Forex Market Update :Epic Research Malaysia

European Central Bank President Mario Draghi’s Thursday announcement of a €60-billion-a-month government-bond buying program sent the euro tumbling to multiyear lows against its main rivals.

The euro EURUSD, -0.21% was worth $1.1349 in recent trade, its lowest level since September 2003, compared with $1.1588 late Wednesday in New York. The shared currency EURJPY, -0.16% traded at ¥134.54, its lowest level since November 2013, compared with ¥136.50 Wednesday. Meanwhile, the pound traded EURGBP, -0.09% at £0.7565, compared with £0.7660 Wednesday.


Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my

Comex Market Update :Epic Research Malaysia

In other metals, platinum for April delivery PLJ5, +0.00% gained $8.40 to $1,284.80 an ounce, while palladium for March delivery PAH5, -0.51% climbed $4.05 to $772.30 an ounce.

Commodity Market Update:Epic Research Malaysia

Gold prices strengthened Thursday to reclaim the key $1,300 mark after the European Central Bank announced a full-blown stimulus plan.

Gold for February delivery GCG5, -0.27% rose $7, or 0.5%, to settle at $1,300.70 an ounce while March silver futures SIH5, -0.30% advanced 17 cents to $18.36 an ounce in electronic trading.


Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my

Current Market Update :Epic Research Malaysia

Tokyo (Nikkei Average NIK, +0.94% ) up 0.9%
Hong Kong (Hang Seng Index HSI, +1.26% ) up 1.3% (at break)
Shanghai (Shanghai Composite Index SHCOMP, +1.39% ) up 1.4% (at break)
Sydney (S&P/ASX 200 XJO, +1.27% ) up 1.3%
Seoul (Kospi SEU, +0.71% ) up 0.8%
Mumbai (Sensex 1, +1.26% ) up 1.2%
Taipei (Taiex Y9999, +0.97% ) up 0.9%

Asian Market Update :Epic Research Malaysia

Asian equity markets rallied Friday after the European Central Bank announced a huge cash injection to kickstart the eurozone economy, while crude prices surged on news that the monarch of oil kingpin Saudi Arabia had died.

The ECB's unprecedented decision to pump tens of billions of dollars a month into financial markets sent the euro plunging to 11-year lows against the dollar and also fuelled a buying spree in US and European stock markets.

Hong Kong added 1.41 per cent, Shanghai gained 0.69 per cent, Sydney added 1.35 per cent and Seoul was 0.87 per cent higher. Tokyo jumped 0.84 per cent by the break.

After a much-anticipated policy meeting Thursday ECB chief Mario Draghi said it would buy 60 billion euros a month of private and public bonds from March until September 2016. Analysts had forecast 50 billion euros.


Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5076 during European morning trade, the session low; the pair subsequently consolidated at 1.5106, shedding 0.25%. In a report, the U.K. Office for National Statistics said that the rate of unemployment dipped to 5.8% in the three months to November from 6.0% in the previous three month-period and better than expectations for a reading of 5.9%.The report also showed that the claimant count fell by 29,700 last month, compared to expectations for a decline of 25,000 people. November’s figure was revised to a drop of 29,600 people from a previously reported decline of 26,900.Data also showed that the average earnings index rose 1.7% in the three months to November, meeting forecasts, after increasing by 1.4% in the three months to October. Excluding bonuses, wages rose by 1.8% in the three months to November, below expectations for a gain of 1.9% and following a 1.6% increase in the three months to October.

INTRADAY OUTLOOK
Support: 1.5081
Resistance: 1.5143

RECOMMENDATION:
1. Buy GBP/USD Above 1.5145-TG: 1.5165/1.5195 SL 1.5115
2. Sell GBP/USD Below 1.5078-TG: 1.5058/1.5028 SL 1.5108

INTRADAY OUTLOOK
Immediate Support: 1.1539
Immediate Resistance: 1.1591

RECOMMENDATION:
1. Buy EUR/USD Above -1.1593 TG: 1.1613/1.1643 SL 1.1563
2. Sell EUR/USD Below -1.1536 TG:1.1516/1.1486 SL 1.1566

KLSE Stock Recommendations

MARKET UPDATES :

Bursa Malaysia closed higher today, supported by gains in small-capitalised counters as well as plantation andindustrial-related shares, a dealer said. As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,770.09, up 19.98 points after moving between 1,751.46 and 1,770.09 throughout the day. PPB Group, Petronas Chemicals and Sime Darby were the top contributors to the composite index, adding RM1.20, 17 sen and 21 sen, to RM15.20, RM5.11 and RM9.50 respectively.

STOCK RECOMMENDATION :

BUY JOBSTREET ABOVE 0.410 TARGET 0.435 0.485 SL 0.360

KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

 Gold prices dipped in Asia on Thursday with investors focused on an upcoming European Central Bank meeting expected to further ease policy.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.22% to 1.290.80 a troy ounce in Asia.Overnight, gold remained above the $1,300-level on Wednesday, after data showed that the number of building permits issues in the U.S. fell unexpectedly in December, while housing starts topped forecasts, painting a mixed picture of the U.S. housing sector.




TRADING STRATEGY :
BUY GOLD ABOVE 1297 TARGET 1302 1308 SL 1291
SELL GOLD BELOW 1284 TARGET 1279 1273 SL 1290

Forex Market Update

The euro is seeing wild swings in Wednesday trading following reports that the European Central Bank’s executive board has developed a proposal calling for roughly €50 billion a month in sovereign-bond purchases.

The euro EURUSD, -0.16%   recorded a session high of $1.1680, essentially erasing four sessions’ worth of losses after the report was published, before moving lower to around $1.1591, slightly above its Tuesday afternoon level of $1.1547.

 the ICE U.S. Dollar Index DXY, +0.19%  , a measure of the dollar’s strength against a trade-weighted basket of six currencies, fell 0.12% to 92.9200, dragged lower by a slightly stronger euro.

The pound traded at GBPUSD, -0.06%  $1.5133 and GBPEUR, +0.09%   €1.3055, compared to $1.1547 and €1.3112 Tuesday.

The dollar USDJPY, +0.18%   traded at ¥117.8320, compared to ¥118.6430 Tuesday afternoon.

The yen EURJPY, +0.06%  also traded higher against the euro, with the shared currency changing hands at ¥136.6200, compared to ¥137.0000 Tuesday.

Platinum Market Update

 Platinum for April delivery PLJ5, -0.09% fell $10.20 to $1,276.40 an ounce, while palladium for March delivery PAH5, +0.27%  dropped $10.50 to $768.25 an ounce.

Gasoline Market Update

Gasoline for February RBG5, -0.29%  rose 1 cent, or 1%, to settle at $1.3255 a gallon on Nymex. February heating oil HOH5, -0.39%  gained 2 cents, or 1.2%, to end at $1.6464 a gallon on Nymex.

Natural Gas Market Update

March natural-gas futures NGH15, +1.97%  rose 14 cents, or 5%, to settle at $2.9740 per million British thermal units. That put an end to a three-session losing stretch for natural gas. Futures lost 10% on Tuesday.

Oil gets boost on hopes for Europe’s economy

Crude-oil futures rose Wednesday as news the European Central Bank is close to outlining a more aggressive stimulus package to boost Europe’s economy stoked hopes of more demand for crude.

Sweet crude futures for delivery in March CLH5, -0.84%   rose $1.31, or 2.8%, to settle at $47.78 a barrel on the New York Mercantile Exchange. Futures ended Tuesday down 4.7%.

Brent crude for March delivery LCOH5, -0.41%  rose $1.04, or 2.2%, to finish at $49.03 a barrel on London’s ICE Futures exchange, snapping a two-day losing streak. Brent settled 1.7% lower on Tuesday.