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.

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