Klse Stock News- Bursa Malaysia Stocks Open Lower on Friday, Axiata & Public Bank Weigh Market in Early Trade

Kuala Lumpur: Bursa Malaysia stock prices opened lower on Friday with the FTSE Bursa Composite Index down 3.78 points to 1,794.86 at 9.05am. The trading volume was 99.04 million lots worth RM33.21 million. There were 107 gainers versus 71 decliners and 161 counters unchanged.

Bursa Malaysia slipped in early trade despite a positive Wall Street performance overnight as equities were floated on strong economic data.

 

Stock Watch

The top KLSE active stock including Orion rising 0.5 sen to nine sen, AWC adding 1.5 sen to 92 sen and Hiap Teck, losing 0.5 sen to 40.5 sen.

The top KLSE gainer stocks are some heavyweights that paced higher were PPB adding 10 sen to RM16.88 and Maybank rising 10 sen to RM9.64.

The top KLSE loser stocks are, Axiata that slid five sen to RM4.68 as it grew less likely to accept an offer for its stake in M1. Public Bank lost 10 sen to RM24.90 while Sime Darby shed four sen to RM2.60.

 

Global Market

At Asia’s open, Japan’s Nikkei rose a strong 1.1%, within reach of 2018 high achieved in January. Nasdaq index opens up today with 8,042.0 and previous close at 51.6 and HANG SENG index open with 0.35% to reach 27,813.58.

 

Currency Market

The RINGGIT opens lower against the US dollar early Friday. At 9 am (0100 GMT), the local currency stood at 4.1430/1460 against 4.1380/1420 recorded at 6 pm Thursday.

The RINGGIT traded higher up against other major currencies on from the previous day

-It rose against the Singapore dollar to 3.0283/0316 from 3.0315/0349 on Thursday and strengthened with the Yen to 3.6505/6542 from 3.6697/6743.

-The local currency also upgrades against the Euro to 4.8229/8276 from yesterday’s 4.8427/8495 and appreciated the British pound to 5.4182/4230 from 5.4315/4380.

 

Commodity Market

The oil prices continued to push higher on expectations of hard supply when US sanctions on Iran come into play. US crude was seven sen higher at US$72.19 a barrel while Brent crude was flat to US$81.72 per barrel.

Forex Trading Tips: Weekly USD/CAD Forecast for 20-Aug to 24-Aug

USD/CAD Forecast for 20-Aug to 24-Aug

USD/CAD was generally steady in the midst of the worldwide tempest activated by Turkey. Trusts in a NAFTA bargain kept supporting the Canadian Dollar. What’s straightaway? The retail deals report emerges. Here are the features and a refreshed specialized investigation for USD/CAD.

Turkey was the focal point of consideration as the emergency there activated dread of a more extensive logjam in developing markets. While the Australian and New Zealand dollars dropped, the Canadian one was steady and appreciated the progressing NAFTA arrangements.

Fundamental News Updates:

USD/CAD Forecast: Visit day by day diagram with help and obstruction lines on it. Scroll Down

Discount Sales: Tuesday, 12:30. Deals at the discount level reflect desires for deals at the retail level which as of now speak to the more extensive economy. The volume of discount deals expanded by a hearty 1.2% in May, twofold the desires. We will now get the figures for June.

Retail Sales: Wednesday, 12:30. Canada more often than not discharges the retail deals report close by the swelling information. This time, the imperative buyer figure has the all the consideration. The report for May was very promising with feature retail deals progressing by 2% and center deals climbing by 1.4%. The production for June may see a misfortune.

Corporate Profits: Thursday, 12:30. Benefits of Canadian corporates ascended by 2.7% in Q1 2018 in the wake of dropping in the last quarter of 2017. The report for Q2 may demonstrate another expansion.

USD/CAD Technical Analysis

USD/CAD exchanged around the 1.3070 line (specified a week ago) amid a huge piece of the week.

aud-usd daily chart 13-Aug to 17-Aug

Specialized lines through and through:

1.3385 was the top on two events in late June. 1.3350 takes after close by in the wake of serving in the two headings in July 2017.

1.3295 held the match down in mid-July. 1.3220 topped it before in the month.

1.3170 filled in as opposition in mid-August. 1.3070 was a swing low in mid-July. 1.3030 gave some help in late July.

Beneath 1.3000 we locate the mid-August trough of 1.2960. 1.2820 was a low point for USD/CAD toward the beginning of June and the last line, for the time being, is 1.2730 which bolstered the combine in May.

The Canadian Dollar demonstrated its strength in weathering the worldwide tempest. It could make progress against the greenback if the last chills out.

 

Emotional Discipline: How It can Help you Attain Good Profits!

Ringgit continues uptrend against US$ early Tuesday – Forex Signals Provider

KUALA LUMPUR: The ringgit opened higher against the US dollar again Tuesday morning as the greenback stayed under weight after a hawkish position by the Federal Reserve on loan fee increments. – Forex Signals Provider

At 9 am(0100gmt, Forex Signals Provider)

the nearby note was exchanged at 4.4230/4270 against the greenback from Monday’s end of 4.4250/4280.

Chicago Federal Reserve President, Charles Evans, strengthened the observation and said that the US national bank won’t quicken the pace of its financing cost, which has hosed the dollar and brought about speculators moving to other rising monetary standards, including the ringgit.

A merchant said the ringgit’s execution was in accordance with other Asian monetary standards which ascended on the back of the greenback’s shortcoming.

The ringgit, then, was exchanged lower against other real monetary standards.

It facilitated against the Singapore dollar to 3.1663/1703 from 3.1639/1672 on Monday.

The neighborhood note rose againt the British pound to 5.4735/4811 from 5.4919/4965 Monday.

It fell against the euro to 4.7605/7652 from Monday’s end of 4.7591/7628, and it was lower against the yen at 3.9358/9407 from 3.9215/9259 on Monday.

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD: 

SELLING        BUYING        BUYING

TT/OD            TT                 OD 

1 US Dollar 4.4885 4.3615 4.3515

1 Australian Dollar 3.4810 3.3640 3.3480

1 Euro 4.8340 4.6810 4.6610

1 Singapore Dollar 3.2225 3.1140 3.1060

100 UAE Dirham 123.9800 117.0000 116.8000

100 Chinese Renminbi N/A N/A 0.0000

100 Hongkong Dollar 58.6400 55.3400 55.1400

100 Japanese Yen 4.0100 3.8670 3.8570

100 Qatar Riyal 124.5600 118.4900 118.2900

100 Saudi Riyal 121.0600 114.9300 114.7300

100 South Africa Rand 36.5500 33.5900 33.3900

CURRENCIES        VS         U.S. DOLLAR

Currency

Latest bid Previous day

Pct Move

Japan yen 112.580 112.55

-0.03

Sing dlr 1.398 1.3965

-0.09

Baht

34.710 34.71

+0.00

Rupiah

13307.000 13312

+0.04

Rupee

65.360 65.36

+0.00

Ringgit

4.422 4.425

+0.07

Yuan 6.906 6.9090

+0.04

 

Change so far

 Currency

Latest bid End 2016

Pct Move

Japan yen

112.580 117.07

+3.99

Sing dlr

1.398 1.4490 +3.67

Baht

34.710 35.80

+3.14

Peso

50.140

49.72

-0.84

Rupiah

13307.000 13470

+1.22

Ringgit 4.422 4.4845

+1.41

Forex trading tips – The ringgit opened marginally higher against

KUALA LUMPUR: The ringgit opened insignificantly higher against the US dollar Monday morning as the greenback broadened its shortcoming on the likelihood of the US Federal Reserve raising loan fee on a progressive premise.

This move brought about more financial specialists moving their enthusiasm to rising monetary standards, including the ringgit

At 9 am(0100gmt), the ringgit was exchanged at 4.4330/4360 against the greenback from Firday’s end of 4.4340/4370.

The ringgit, in the mean time, exchanged blended against other significant monetary forms.

It facilitated against the Singapore dollar to 3.1669/1708 from 3.1638/1682 on Friday and versus the British pound, it rose to 5.4898/4944 from 5.4933/4983, beforehand.

The neighborhood note edged up against the euro to 4.7664/7700 from Friday’s end of 4.7767/7818, yet it was lower against the yen at 3.9373/9403 from 3.9156/9196 on Friday.

The following table shows rates for Asian currencies against the dollar at 0140 GMT (0940 Malaysian time) on Monday.

CURRENCIES VS U.S. DOLLAR   
  Change on the day at 0140 GMT      

Currency Latest bid Previous day Pct move
Japan yen 112.59 112.70 +0.10
Korean won 1128.80 1130.90 +0.19
Baht 34.71 34.85 +0.40
Peso 50.175 50.180 +0.01
Rupiah 13332 13342 +0.08
Rupee                     65. 46 65.46 +0.00
Ringgit 4.4340 4.4340 +0.00
Yuan 6.9038 6.9030 -0.01


Change so far in 2017

Currency Latest bid End prev year Pct move
Japan yen 112.59 117.07 +3.98
Korean won 1128.80 1207.70 +6.99
Baht 34.71 35.80 +3.15
Peso 50.18 49.72 -0.91
Rupiah 13332 13470 +1.04
Rupee 65. 46 67.92 +3.77
Ringgit 4.4340 4.4845 +1.14
Yuan 6.9038 6.9467 +0.62

 

Why forex tips are considered as a boon for traders in challenging month Dec?

There are many forex traders, who have been investing in the foreign exchange markets for a number of years now, and according to them, December is constantly the hardest month of the year to make money and traders prefer trading with forex tips in this month. So why is this?

Well it is because as Christmas comes, volatility in all of the major currency pairs continually tends to drop off pretty notably. As a result, you get a variety of slow-transferring markets and numerous buying and selling sessions which might be very quiet indeed, with little movement in any respect. So, how to make profitable investments during this month? Here we have given some forex trading tips to be kept in mind while trading in December month.

 Use Forex Tips To Make Profitable Investments: 

To make profitable investments while trading in December, you should apply the forex trading signals to your hart of any of the primary currency pairs, and see how the market is moving upside and downside to execute your trade accordingly. It will still be complicated to make cash simply after Christmas due to the fact the markets have a tendency to stay subdued until well into January when all of the traders get back at their desks. So adding forex tips to your trading plan will be very beneficial.

Reduce Your Profit Targets:

So if you have a profit generating trading strategy which is able to generate consistent earnings during the whole year, but you should not forget reducing or lowering your profit targets or making changes to your approach all through the month of December so that you can come out unstuck easily during this investing period.

Lessen your trading activity at the beginning of the month, and only take on the high probability currency pair trades on the longer time frames, before stopping altogether once around 15 December. Then slowly get back into the swing of trades all through the beginning two weeks of the New Year and for that consider forex picks to select best currency pairs for trading.

Consider Holding Currencies:

In the forex trading market, traders can hold positions for few minutes or as long as one or more years. As an instance, a protracted-time period change in the forex market , or a buy and keep role, if one prefers that time period, would be good for a person who had sold USD to shop for EUR lower back in the early 2000’s after which held on to that function for a few years. But stay updated with forex tips to know their regular market condition.

A strategy that has continually worked from many years is to buy a currency pair when they are oversold within the months leading up to Christmas and sell them in the new year by knowing their position and target price using forex signals, either after or before the closure of results for the Christmas period.

Bottom Line:

It’s far well worth remembering that just like the quiet summer season duration, it could be very tough to make money all through December. So that you have to prepare yourself for this, use forex tips for executing profitable trades and make changes on your trading strategy if you have to with a view to earn money before Christmas.

Grab Christmas offer opportunity get 3 days free trial. 

The ringgit will likely trade higher

KUALA LUMPUR : The ringgit will probably exchange higher versus the US dollar one week from now, helped by Bank Negara Malaysia’s measures to bolster the nearby cash, an investigator said Saturday.

The national bank as of late reported that exporters can just hold up to 25 for each penny of fare continues in remote cash, in order to empower more residential exchange the ringgit . Under the new measures, 75 for every penny of all new fare continues should be changed over into ringgit.

“Most merchants welcome the late measures to fortify the ringgit,” the examiner said, including that the ringgit is required to exchange between the 4.42 and 4.35 level. In the mean time, Affin Hwang Investment Bank Vice-President/Retail Research Head Datuk Dr Nazri Khan Adam Khan said the ringgit will be marginally lower in the midst of a solid dollar on the worldwide market.

“The greenback is on the uptrend taking after the European Central Bank’s (ECB) choice to amplify its bond purchasing by nine months until end-2017,” he told Bernama. Meanwhile, the ringgit will likewise exchange a mindful mode in front of the US Federal Reserve’s loan fee declaration.

For the week simply finished, the ringgit was exchanged higher at 4.4215/4255 against the greenback from 4.4500/4550 last Friday. It finished higher against other significant monetary forms.

The ringgit acknowledged against the yen to 3.8643/8681 last Friday from 3.9128/9179, and expanded against the Singapore dollar to 3.1067/1100 from 3.1274/1327. The nearby unit rose to 4.6974/6034 against the euro from 4.7375/7432 and enhanced against the British pound to 5.5768/5832 from 5.6057/6137.

How to be Successful in Forex Trading Using Forex Signal Services?

Every activity requires the high patience, determination, and sincerity especially when you consider it as a full-time profession. Foreign exchange is not an exceptional case instead the same rule is applicable to it. In case you surely want to be a full-time professional investor or trader and need to lead stable life by means of trading the financial tool then it’s vital that you have a strong trading foundation. You should have sufficient experience and knowledge in case you actually want to live life with the aid of foreign exchange trading. For trading successfully you should use forex signals services.

How to start forex trading using live forex trading tips?

The solution is quite easy but hard to follow. First of all, undergo all the basics of this forex industry and discover all of the possible trading method & get knowledge about forex tips. You ought to have to discover your comfort sector with the intention to broaden a robust trading method. Make a robust buying and selling discipline and follow right way of capital management to your demo account.

Consider your demo deposit as actual money. Once you become comfortable with your demo environment then go live in this market to exchange currency pairs with the money you can afford to lose. Prepare to lose all of your buying and selling capital and don’t assume to earn money out of your first deposit. Don’t invest any money inside the forex enterprise which you cannot afford to lose. Control your emotions and research from your errors. Use forex trading tips to gain profit from the trade & to avoid losing money.

How to earn more profit in Forex trading?

There are thousands of different forex trading strategies in this world able to produce respectable profit over the year. You can have the exceptional buying and selling strategies but still struggle to earn money from forex trading.  On-line forex buying and selling can be used profitably investing money in proper areas upon getting cautioned from experts providing forex signal services. It is an important platform for professional traders to earn masses of money in a quick time.

Monitoring market conditions is important for traders to understand fluctuations. Forex marketplace gets affected from fluctuations in economies and investors need to trade the account as a result. That is useful in minimizing loss and increase earnings within the buying and selling. But, it is not feasible for investors to continuously monitor market and get achievement in trading. To simplify this, forex signals are provided by signal providers which accurately informs about the market condition of currency pairs or you can also use currency tips provided by them in order to gain profit.

Bottom Line:

Learning the art of foreign exchange buying and selling isn’t easy. The preliminary starting on this industry is very hard because it needs patience and determination. The nice and the quickest manner to analyze the forex trading are to follow the forex signal services. You’ll get a clear view to deal the market conditions to gain profit.

Bursa Malaysia retreats, ringgit at 19 year low

PETALING JAYA: Shares on Bursa Malaysia declined, following misfortunes over the district on stresses that higher financing cost in the US will lessen the interest of putting resources into developing markets. The ringgit tumbled to its most reduced level since the Asian money related emergency of 1997/1998 at 4.4602 against the US dollar yesterday.

Securities exchanges around Asia, with the exception of Japan, were under weight yesterday as Bloomberg reported that the chances of a US Federal Reserve rate climb one month from now are at 100%, up from 68% a month back.

US stocks developed a rally overnight that pushed real value gages to new records on trusts US President-elect Donald Trump’s monetary spending arrangements will quicken the world’s biggest economy, permitting it to assimilate an expansion in loan costs.

The FBM KLCI fell 6.17 focuses to 1,624.21.

Hong Leong Investment Bank (HLIB) said KLCI’s auctioning spree has decreased and the list is endeavoring to fabricate a base above late three-month low of 1,614 in spite of facilitating ringgit, as specialized are step by step recuperating.

“Be that as it may, we emphasize that exclusive a solid close over 1, 635 (lower downtrend channel) will open up further picks up toward 1,650 to 1,667 levels.

“On the other side, a break underneath 1,614 will witness potential selldown to 1,600 mental support,” it said.

KLSE INTRADAY  SIGNALS : BUY SING MYANMAR AT 0.645 TARGET 0.667, 0.690 SL 0.620

SGX INTRADAY SIGNALS : BUY KOBAY AT 1.58 TARGET 1.63, 1.69 SL 1.51 

Latest Hot stocks update 
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FAREAST

Best Currency Pairs to Trade in & to Gain Profit.

Get 3 days free trial for Currency Pairs in Malaysia.

Understanding the fundamentals of the foreign exchange market will take a little time, however it’s important to succeed as a trader. The choice of the forex currency pairs to trade is not a walkover, as it’d seem at first look. The main factors to do not forget whilst choosing the high-quality currency to trade consist of volatility, buying and selling strategy, spread and the level of difficulty of forecasting the direction.

There are various types of forex pairs available for trading within the forex marketplace. Most usually, ignoring the other contraptions, traders open positions on all known EUR/USD and GBP/USD, which can be the most traded forex pairs within the world. Apart from them, there may be a massive range of different popular currencies. So what currency pairs are the pleasant currencies to trade in foreign exchange, what equipment are to be excluded out of your portfolio? This article is here that will help you discover ways to become a forex trader and to learn about major currency pairs.

  • Top traded currency pairs:-

The major currency pairs that consist of the U.S. greenback or dollars and the currency of one of the most tremendous and economically advanced international locations: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CHF, USD/CAD. The top forex pairs are characterized with the very best liquidity of transactions, global recognition and a huge variety of players. Major currency pairs to trade can be predicted by using Forex tips.

EUR/USD Currency Pair:-

Get 3 days free trial in EURUSD in Malaysia.

EUR/USD is the most traded currency pair in Forex market.  Euro/dollar (EUR/USD) is the maximum liquid pair in forex. It bills for over one-1/3 of the entire quantity of transactions on forex. That is because of various factors, the main of which might be the scale and transparency of European economies and America.

High liquidity, determines the favorable situations of end of transactions. Similarly, due to the liquidity, Euro/dollar pair is one of the maximum predictable forex pairs of forex – price dynamics can be anticipated by using of technical analysis indicators or Forex trading tips.

USD/JPY Trading:-

Get 3 days free trial in USDJPY in Malaysia.

It is the top currency of the Asian trading consultation, acts as a worth competitor to the EUR/USD pair. USD/JPY (dollar/yen) is the second stage of liquidity tool in the forex market. It is highly volatile and liquid pair. To gain profit Forex signals provide the accurate market analysis for the trade.

GBP/USD Currency Pair:-

Get 3 days free trial in GBPUSD in Malaysia.

It is the 3rd stage of liquidity forex device. Operations account for about 12% of the full trading quantity on the forex marketplace. The pair pound/dollar is characterized by using instability and high volatility of value. Consequently, it’s one of the popular and the most traded currency pair among expert investors targeted short-term aggressive Forex trading strategy. The pair prices are sensitive to essential elements. The pair has excessive volatility, allowing you to maximize profit on short time intervals.

AUD/USD Currency Pairs:-

Get 3 days free trial in AUDUSD in Malaysia.

These currency pairs are characterized with a whole lot much less liquidity. They are held out as commodity forex pairs, as their fees are closely correlated with gold and oil. Australia is a large producer of gold and therefore the rate of AUD/USD, commonly, is pretty dependent of gold expenses. Further, Canada is one of the biggest oil producers within the world, and therefore the value of USD/CAD is closely reliant on oil prices. While trading currency pairs most of the traders prefer currency trading signals for market analysis and to gain profit.

  • Cross-currency pairs:-

These pairs might be shaped without the US dollar. From the factor of view of trading interest, they’re behind. The group of currencies consists of the subsequent famous foreign money pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CHF, GBP/JPY, NZD/JPY. This listing isn’t always exclusive, as there are more traded currency pairs.

  • Exotic pairs:-

Foreign money pairs, that constitutes the intersection of currencies of countries which are less significant in economy with the U.S. dollar and between each other. Here we will name USD/RUB, USD/MXN, EUR/DDK and lots of others, the volumes of trading of such foreign money pairs are small. Those foreign money pairs are characterized by low liquidity, high volatility, high spread and risks. Profitability of transactions on these belongings is necessarily susceptible to decline because of the distinguished currency pairs are poorly amenable to technical analysis, and forecasting could be very difficult.

Bottom Line:-

Beginners are not encouraged to exchange many currency pairs on the identical time. Specialization in one or two pair can give a lot better results, and knowledge of a successfully buying and selling at the main and most traded currencies in the global.