Malaysian palm oil off to a suitable begin in 2019

The Malaysian palm oil area is off to a true begin in 2019 as stock degrees fell 6.7% month-on-month to three million metric tonnes (mt) on the lower back of decrease manufacturing and better exports.

"Jan palm oil stock fell for the first time in 8 months, down 6.7% MoM, to 3.03m mt, which is slightly below market expectations," stated the research residence on Tuesday.

"Consequently, stock-to-usage ratio slipped from 15.7% to 12.3% as export demand grew while production declined."

CPO exports jumped to the very best level since August 2016 as it rallied 21.2% month-on-month to 1.67 million mt.

The EU showed the strongest enlarge in demand of greater than 160%, followed by using China (18%) and India (12%), following the downward revision for CPO import duty.

Meanwhile, CPO production fell 3.9% month-on-month to 1.73 million mt, which was its lowest on account that September 2018.

Public Invest cited that the decline in countrywide manufacturing used to be mostly from East Malaysia, down 8.6% month-on-month whilst production in Peninsular Malaysia was once marginally higher.

CPO futures rallied extra than 16% to RM2,270/mt after falling to its lowest in two years as the market saw symptoms of decline in the record excessive inventory level in the course of the low production season.

Public Invest sees every other challenging quarter for most plantation players in the upcoming quarterly results season as average CPO game rate was once weaker in Q4 at RM1,920/mt.

Epic Research deliver real time analysis and stock recommendations malaysia in Forex, Comex and Stocks using all digital platforms. In Comex segment, we offer daily Signal of crude oil, Palm oil, Gold, Silver, Copper, Zinc, Lead and Aluminum stock recommendation in Bursa Malaysia Stocks Sign Up for a 3 Day Free Trial. Simply call at +60350219047.

Follow Us On Twitter : www.twitter.com/epicresearchmy

Like Us On Facebook : www.facebook.com/EpicResearchMalaysia

Comex market in malaysia| gold trading forecast today

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

• Gold eased Friday on light profit-taking, a day after achieving its biggest one-day rally in two years. But support remained solid above the $1,200 level from safe-haven demand triggered by the recent weakness on Wall Street and spike in Treasury yields. “My 35 years on the floor have seen all this before,” George Gero, analyst at the RBC Wealth Management in New York, said, referring to gold’s ability to stay above the $1,200 level despite a series of rate hikes planned by the U.S. Federal Reserve.
• The winter heating season officially began this month, with U.S. supplies of natural gas roughly 17% below the five-year average for this time of year—sending prices for the commodity to their highest levels since January. That could presage elevated, volatile prices as temperatures begin to fall. Domestic natural-gas supplies in storage stood at 2.956 trillion cubic feet for the week ended Oct. 5, according to the U.S. Energy Information Administration.
• Oil prices rebounded Friday from the previous day's rout, but still logged their biggest weekly loss since the second quarter after data showed U.S. drillers ramping up output, even as a second global energy agency said the market was adequately supplied. A weekly reading on the U.S. oil rig count rose by eight, the first such climb in four weeks, which signaled the U.S. shale crude industry was intensifying drilling with prices near four-year highs.

ECONOMY NEWS

• Italian officials must stop questioning the euro and need to "calm down" in their budget debate as they have already caused damage to firms and households, European Central Bank ECB President Mario Draghi said on Saturday. Italy's government has been locked in a war of words with European officials over Rome's plans to triple the deficit next year, backtracking on a previous pledge to narrow the budget gap in one of the bloc's most indebted countries.
• The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth. The agreement came as U.S. Treasury Secretary Steve Mnuchin reiterated his concern over the yuan's weakening against the dollar - a drop that Washington suspects may be aimed at giving Chinese exports a trade advantage and offsetting U.S. tariffs.
• Japan wants to highlight global imbalances as key topics of debate, and take steps to fix them, when it chairs next year's gatherings of the Group of 20 major economies, government officials said this week. Tokyo hopes other countries would join Japan to counter U.S. President Donald Trump's focus on narrowing U.S. trade deficits through purely bilateral trade deals, the officials say, rather than the big international agreements now in place.

Click here for Free Comex Signals ,Gold trading tips
Give A Missed Call : +60350219047
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 trading signals In Malaysia | Gold trading tips Forecast Today

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

• Gold prices rose on Wednesday morning in Asia, driven by the ongoing currency crisis in Argentina, which economists expect could lead to a recession, a weaker peso and higher inflation. Gold futures for December delivery went up 0.06% to $1,199.7 at 10:47PM ET (02:47 GMT) on the Comex division of the New York Mercantile Exchange. A monthly survey by Bloomberg on Tuesday showed that Argentina’s inflation is expected to hit 40.3% at the end of the year, higher than the 31.8% forecasted in July.
• Oil fell toward $77 a barrel on Wednesday as a tropical storm hitting the U.S. Gulf coast weakened and moved away from oil-producing areas, easing supply concerns. Crude had jumped the previous day as oil companies shut dozens of offshore platforms in anticipation of damage from tropical storm Gordon. But by Wednesday the storm was weakening, reducing its threat to oil producers.
• U.S. oil producer ConocoPhillips (N:COP) is still awaiting payment from Venezuela on a $2 billion arbitration settlement reached last month with the country's state-run PDVSA, Chief Executive Ryan Lance said on Wednesday. Conoco last month suspended legal attachments efforts that had cut Venezuela's oil exports from several Caribbean facilities following a deal that allowed the country 90 days to make an initial $500 million payment.

ECONOMY NEWS

• Argentina's peso lost nearly 1 percent against the U.S. dollar early on Wednesday as government officials met with the International Monetary Fund in Washington to try to secure early cash disbursements under an emergency financing deal. The peso opened down 0.89 percent at 39.4 to the dollar despite Economy Minister Nicolas Dujovne saying in Washington on Tuesday evening that he hoped to clinch a deal with the IMF within a month.
• Italy is unlikely to get one of its own appointed as the next head of Europe's banking watchdog, sources say, diminishing Rome's chances of retaining its influence over the European Central Bank once ECB chief Mario Draghi steps down next year. The ECB is looking to replace Daniele Nouy, a French national, as the head of the Single Supervisory Mechanism (SSM) -- the first of four top jobs at the central bank coming up for grabs in the next 15 months.
• The U.S. Federal Reserve should hold off on further interest rate rises because the stance of monetary policy is already at neutral or possibly restrictive, St. Louis Federal Reserve Bank President James Bullard said on Wednesday. Bullard has repeatedly raised the alarm over the central bank's plan to keep raising its benchmark lending rate and pointed to financial market signals as the best indicator of how policymakers should proceed.

For More information and daily updated Comex trading signals, gold trading tips, silver trading tips, Crude oil trading tips, Comex gold advice  Feel Free to Visit our Website.

Give A Missed Call : +60350219047
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 Trading Signals In Malaysia | Gold Trading Tips Forecast Today

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

• Gold prices gained on Friday as reports that U.S. President Donald Trump was considering plans to impose tariffs on $200 billion in Chinese imports as soon as next week weighed on market sentiment. Gold futures for December delivery was at a trading price of $1,211.5 per troy ounce, up by 0.6%, at 1:10AM ET (05:10 GMT) on the Comex division of the New York Mercantile Exchange. The precious metal remained on track to record their longest monthly losing streak since 2013 despite today’s gains.
• Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output limited losses. Benchmark Brent crude oil (LCOc1) was down 40 cents at $77.37 a barrel by 1310 GMT. U.S. light crude (CLc1) was 30 cents lower at $69.95.
• OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found, although a cut in Iranian shipments due to U.S. sanctions limited the increase. The 15- member Organization of the Petroleum Exporting Countries has pumped 32.79 million barrels per day in August, the survey on Friday found, up 220,000 bpd from July's revised level and the highest this year.

ECONOMY NEWS

• The Russian central bank will need to postpone a plan to cut rates due to new U.S. sanctions against Moscow seen taking toll on inflation and the rouble, a monthly Reuters poll of 20 analysts and economists showed on Friday. Russia's economic outlook deteriorated after the rouble hit more than two-year lows against the dollar in August following Washington's move to apply fresh sanctions against Moscow and a warning that it could extend them in the future.
• The Brazilian economy accelerated slightly in the second quarter despite a nationwide truckers' strike, as a slow and uneven recovery rumbled on ahead of presidential elections in October. Brazil's gross domestic product (GDP) grew 0.2 percent from the first quarter and 1.0 percent from a year before, government statistics agency IBGE said on Friday. That compares with economists' consensus forecasts of 0.1 percent and 1.1 percent, respectively.
• The European Commission confirmed on Friday that trade measures restricting the sale of solar panels from China would end at the start of next week. The Commission, which coordinates EU trade policy, said in a statement that the measures would expire at midnight on Monday September 3. The European Union first imposed anti-dumping and anti -subsidy measures for Chinese solar panels, wafers and cells in 2013 and extended them in March 2017 by 18 months, signaling that they should then end.

We are stock market advisors, Company provides most traded commodities recommendation with high profitable Comex trading signals, Comex Premium Tips, Gold trading tips, silver trading tips, crude oil trading tips, Comex gold advice. 

Give A Missed Call : +60350219047
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