Trading Tips for the Day - 30 June 2015

FKLI will open lower for today as the Greek crises deepen.  For the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 29 June 2015

FKLI will open lower today with the Greece crises deepening.  For the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 26 June 2015

FKLI will likely open lower today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, late selling closed market slightly lower yesterday after trading higher most of the session. Selling was led by long liquidation on lack of bullish conviction. Market extended gains for the 3rd consecutive day earlier following gains in CBT soyoil, China Dalian futures and weaker ringgit.

The very good 1-25 June exports also underpinned sentiment although numbers were already rumoured yesterday. Prices were 15 to 3 higher in the morning and held steady around 3 to 10 higher most of the afternoon session. The big exports in June todate and reports of lower production are supportive. Together with the introduction of export levy by Indonesia from 1st July, excessive rain in the US, and prospects of weaker ringgit, the near term outlook is positive. However, bullish conviction seems lacking with seasonal weakness from the approaching peak production months of August - October.

Technical view - the lower close after prices retraced to fill the 2280 gap left on 17 June is slightly negative. Prices may turn sideways in a 2227 - 2285 range. Ringgit ~ 3.7560 / 3.7580 vs USD.  Trend sideways ; RSI 53.23 ; support 2250 / 2220 / 2150 / 2120 ; resistance 2300 / 2330 / 2360 / 2400. 

In other news...

🇨🇳 China's Shanghai Composite down -3.46% on valuation concerns. 
Earlier in the session, the Shanghai index steadied at modest gains following news that authorities scrapped the 75% loan-to-deposit limit, which could mean more credit flows into the economy.

📝 A deal on new bailout funds for Greece was put off until the weekend, as both Athens and its creditors bet that an impending payment deadline would bring them extra concessions.

€ European stocks were up on optimism that the Greek debt crisis can finally be resolved. Eurozone finance ministers will meet later today in Brussels to look over a revised plan sent by the Greek government to stave off default after Greece and its creditors failed to reach a deal.

🇺🇸 U.S. stocks ended lower Thursday as Greece’s bailout talks with creditors appeared set to stretch into the weekend.

🇺🇸 U.S. consumer spending gained 0.9% in May, the biggest monthly rise since 2009, the fastest rate in almost six years—is the latest sign the economy is rebounding from a winter contraction.

⛽ U.S. oil prices edged back below $60 a barrel, extending losses for a second day after government data showed a surprise increase in inventories of refined fuels such as gasoline.

👑 Gold prices edged lower, as the markets awaited further news on negotiations between Greece and its European creditors. Now, $1,175.0

🌴 FCPO (RM2,264) closed slightly lower after trading higher most of the session. Selling was led by long liquidation on lack of bullish conviction. However, the big exports in June and reported of lower production are supportive. The lower close after prices retraced to fill the 2280 gap is slightly negative. Prices may turn sideways in a 2227-2285 range.

🌺 KLCI closed at 1716.81, which was the lowest since Jan 7. Foreign selling of IHH, Tenaga and TM erased a total of 6.55 points from the KLCI. 
* 2015 year low : 1706.18
* 2014 year low : 1671.82
* 2013 year low : 1597.0

** FKLI**
* 2015 year low : 1693
* 2014 year low : 1666.5
* 2013 year low : 1585.5

🌺 Ringgit dropped the most in Asia on speculation Fitch Ratings will downgrade the country as the U.S. Moves toward raising interest rate. Currently, Malaysia rank at A-, with negative outlook, will review its assessment before end of June.

Trading Tips for the Day - 25 June 2015

FKLI will likely open lower today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.


In other news...

Remarks from European finance ministers suggested a Greek bailout deal wasn’t likely to be reached until later this week. Significant divisions remain over measures Greece must implement to receive the bailout funds. Earlier, Greek Prime Minister Alexis Tsipras attacked the country’s international creditors after they rejected a list of economic measures Greece said it was willing to undertake in exchange for financial aid.

🇺🇸 U.S. stocks ended lower, with the Dow industrials posting their biggest one-day decline in nearly a month, as recent optimism about a bailout deal for Greece faded.
* Dow -178
* S&P -15
* Nasdaq -37

€ European stocks were down after Greece's creditors were said to reject its proposals for more aid. Another negative for European stocks was the larger-than-expected decline in German business confidence as the Jun IFO business climate fell -1.1 to 107.4, to its lowest in 4 months.

🇯🇵 Nikkei 225 index edged up to its highest level since December 1996, supported by signs of a recovery in the world's third-largest economy, earnings optimism and expectations that Greece will avoid a debt default.

⛽ Oil prices declined after key inventory data showed that crude-oil supplies shrank last week but inventories of refined products rose. 
* Crude oil $60.24 (-0.77)
*Brent crude $64.23 (-0.9)

👑 Gold fell to a two-week low as the dollar pared earlier losses versus the euro and traders awaited news on Greece's negotiations with its international lenders to avoid default. Now, $1,175.95.

🌴 FCPO (RM2,270) closed sharply higher as higher China Dalian futures, weak Ringgit and strong gain in crude mineral oil. The technical oversold situation in the stochastic added support. Strong gain continued in the afternoon session following report on lower 1-20 production by MPOA and rumours on good export. Price may filled the gap at 2280, left on 17 June.

Trading Tips for the Day - 24 June 2015

FKLI will likely open a little higher today. For the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 23 June 2015

FKLI will likely open higher for today.  For the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market eroded further with prices returning to fill the gap left on 29 May. Selling was tied to continuing bearish sentiment on ideas of increasing production and stocks in coming months. The very good 1-20 June exports were discounted as already expected. Market was higher early following gains in CBT soyoil. Trading was slow throughout due in part to holiday in China.

Prices were 8 higher to 8 lower in the morning and dropped to 19 lower in the afternoon. Unless there are weather concerns, market is likely to come under pressure from increasing production in coming months. There is little sign of El Nino at present and Indian monsoon looks good. Some excessive rains were affecting the US soybean crop but seems to be of no major concern. However, good demand especially for festive Ramadan may limit the downside.

Technical view - indicators remain negative with prices eroding to new lows. Prices likely to test 2200. Ringgit ~ 3.7300 / 3.7340 vs USD.  Trend down ; RSI 44.76 ; stochastic oversold ; support 2200 / 2150 / 2120 / 2070 ; resistance 2280 / 2330 / 2360 / 2400.  Interested to trade futures? PM me or visit http://jaceonmarkets.blogspot.com

In other news...

 European policy makers said Monday the eurozone is working toward a deal later this week to provide bailout aid for Greece. The policy makers appeared to offer hope that an agreement is still reachable after a monthslong deadlock that has spurred talk of a potential Greek exit from the eurozone.
📝 Greece’s creditors suggested for the first time that a deal to avert the country’s bankruptcy was in sight after an 11th-hour proposal submitted by Athens made a significant concession on pension cuts.
🇺🇸 U.S. stocks advanced, propelling the Nasdaq Composite to a record close, lifted by gains in health-care and financial shares as well as optimism that Greece will eventually reach a bailout deal with its creditors.
€ European stocks were up at a 1-week high on optimism a deal to unlock bailout funds for Greece can be reached. Greek Prime Minister Tsipras unveiled a new plan to break the month-long impasses in debt talks and European Economic Affairs Commissioner Moscovici said the plan goes "in the right direction."

📝 Greek bank stocks also surged after the ECB today raised the ceiling of maximum potential Emergency Liquidity Assistance (ELA) available to Greek banks for the third time in less than a week.

📝 Asian stocks moved higher on optimism a resolution can be reached to the Greek debt crisis as Japan's Nikkei Stock Index closed up +1.26% at a 1-week high.

⛽ Crude oil futures swung higher after falling on concerns that U.S. demand for gasoline may fade after a strong stretch and in worries about the potential fallout from the Greek debt crisis.
* U.S. crude $59.68 (+0.07)
* Brent crude $64.23 (+0.46)

👑 Gold fell more than 1% on Monday as global equities jumped on possible signs of progress in Greek debt talks, which curbed safe-haven demand for the metal.

🌴 FCPO (RM2,220) closed lower and filled the gap left on 29 May. Selling was tie to continue bearish sentiment on ideas of increasing production and stocks in the coming months. Unless there are weather concerns, market is likely to come under pressure.

Trading Tips for the Day - 22 June 2015

FKLI will likely open a little higher today, for the first trade, one can attempt to Long 1-3 points below the opening price. Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

 As for FCPO, market closed about unchanged after an erratic trading session. Erosion in CBT soyoil and China Dalian futures opened market lower. Weekend profit taking and ideas that losses yesterday were overdone brought better buying. Together with weaker ringgit, which lost up to 0.8 pct vs USD, market extended gains in the afternoon. However, slower export pace for 1-20 June exports resulted in market easing towards close. Prices were 10 lower to 14 higher in the morning and rose to 23 higher in the afternoon before coming off.

Market will be looking towards the 1-20 and 1-25 June exports to be reported by cargo surveyors next week for some incentives. Unless exports are better than a month ago, stocks will increase as production is likely to be slightly higher on better harvest ahead of Ramadan. In any case, expect market to show greater emphasis towards the weather situation, particularly in the US and India.

Technical view - no change in negative indicators. Prices may move to 2200. Ringgit ~ 3.7390 / 3.7420 vs USD. Trend down ; RSI 47.74 ; support 2225 / 2150 / 2120 / 2070 ; resistance 2280 / 2330 / 2360 / 2400.

In other news...

Greece and its foreign creditors and with anxious depositors pulling billions of euros out of Greek banks, Greek Prime Minister Alexis Tsipras made a new offer on a reforms package on Sunday, showing a new willingness to make concessions that could unlock frozen aid to avert a default. Both sides are due to continue the negotiations at a crisis summit in Brussels this week.

🇺🇸 U.S. stocks closed lower on Friday following the Nasdaq's record high as investors eyed developments in the Greece debt negotiations amid quarterly options expirations.

€ European stocks were positive on Friday as optimism the Greek debt crisis can be contained. Greek bank stocks rose and led European stocks higher on speculation the ECB will extend a lifeline to Greek lenders after three people familiar with the matter said the ECB plans to hold an emergency session of its Governing Council today to discuss the deteriorating liquidity situation of Greek banks.

€ The Eurozone Apr current account shrank to a surplus of 20.4 billion euros (nsa) from the downward revised 24.4 billion euro surplus from Mar.

🇨🇳 China's Shanghai Composite down -6.42% at a 3-week low as it corrects lower from its recent 7-1/3 year high on valuation concerns. The slide was also sparked by fresh tightening moves on margin lending by the China Securities Regulatory Commisiion (CSRC), as well as a deluge of initial public offerings (IPOs) that posed a huge threat to market liquidity.

🇯🇵 Bank of Japan(BOJ) largely stuck to the script in its rates decision on Friday, maintaining its massive asset buying program which increases the money base at an annual pace of 80 trillion yen ($650 billion).

⛽ Crude oil fell >1% on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.

👑 Gold held near a three-week high on Friday and was set for a second weekly gain, bolstered by the U.S. Federal Reserve's caution on an interest rate rise and worries over Greece, even as a recovering dollar capped gains. Now, $1,198.70 (-1.4)

🌴 FCPO (RM2,237) closed unchanged after an erratic trading session. Market opened lower as erosion in CBT Soyoil and China Dalian Futures. However, due to weekend profit taking and ideas that losses were overdone brought better buying. Market looking forward the 1-20 and 1-25 June exports this week for some incentive in direction. Indicators remain in negative side.

Trading Tips for the Day - 19 June 2015

FKLI will likely open higher today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market eroded to its lowest level since 29 May. Selling followed sharply lower close in China Dalian futures. Stronger ringgit, which gained about 1.3 pct vs USD, added pressure. Technical sell stops as prices broke below 2250 magnified losses. Prices gapped 21 to 39 lower in the morning and extended losses to 56 lower in the afternoon, closing around the low.

In the absence of adverse weather reports, there is little bullish incentive. Most reports are indicating the possibility of El Nino weather towards the last quarter of the year. Seasonal weak period towards the peak production months of August - October will likely dominate sentiment. However, strong demand for festive Ramadan will provide some short term support.

Technical view - the break below 2250 turned indicators negative. Prices may move to 2200. Ringgit ~ 3.7080 / 3.7100 vs USD.  trend sideways ; RSI 47.74 ; parabolic triggered a "sell" signal at 2261 ; 5-day MA intersected 20-day MA from above ; support 2225 / 2150 / 2120 / 2070 ; resistance 2280 / 2330 / 2360 / 2400 / 2450.

In other news...

🇺🇸 U.S. stocks rose broadly, propelling the Nasdaq to a record high, as investors embraced signs that the Federal Reserve would take a slow approach to raising rate.
* Dow 18,115 (+180)
* S&P 2,121 (+20)
* Nasdaq 5,132 (+68)

🇺🇸 U.S. consumer prices posted the largest monthly increase in May in more than two years, a sign modest inflation pressures are beginning to build.

💵 The dollar index is down -0.52% at a 1-month low after the Fed on Wednesday signaled a gradual pace of tightening.

€ European equities closed higher on Thursday, as a key meeting of euro zone finance ministers started in Luxembourg, where Greece could be presented with a "take-it-or-leave-it" reforms-for-rescue plan.

🇯🇵 Japan's Nikkei Stock Index down -1.13% at a 4-week low as a rally in the yen to a 1-week high against the dollar dragged down Japanese exporters.

🇨🇳 China’s stock market fell sharply Thursday, with the smaller ChiNext index suffering one of its worst days on record, as analysts turn increasingly wary of what they see as a bubble in the country’s equities.

🇨🇳 China's new home prices fell in fewer cities for a third month as the government removed some property curbs and interest rates fell. The National Bureau of Statistics reported that May new-home prices fell 41 of the 70 cities tracked by the bureau.

🇨🇳 China May foreign direct investment rose +7.8% y/y, less than expectations of +8.0% y/y.

⛽ Oil prices rose for a third straight day, helped by a weaker dollar and data showing draws this week at the delivery point for U.S. crude futures.

👑 Gold prices soared to their highest level in nearly four weeks as buyers flocked back to the market in response to the Federal Reserve’s cautious tone on raising interest rates and as concerns about Greece stoked demand for a haven. Now, $1,201,25.

🌴 FCPO (RM2,237) eroded to its lowest level since 29 May. Selling followed sharply closed in China Dalian futures and strong Ringgit. Technical sell stop at 2,250 added selling pressure. Price below 2,250 turned indicators negative. Prices may test 2,200.

🌺 PM Najib said Putrajaya's debt as of March this year stood at RM596.8 billion or 51% of GDP. Of the amount, 97% is domestic debt and balance is offshore loans.

🌺 FBMKLCI is expected to stay weak as TNB could continue to weigh on the local market sentiment after the news that the state-owned utility would buy a 70% stake in Malaysia's 3B power plant project from 1MDB.

Trading Tips for the Day - 18 June 2015

FKLI will likely open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market closed little changed after trading on either sides of the previous day's close. Bearish sentiment prompted selling in the morning. Higher CBT soyoil and China Dalian futures gave no impact. Better interest in the cash market encouraged support in the afternoon. Strong gains in crude mineral oil in Asian trade was also supportive. Prices were 1 to 11 lower in the morning and rose to 12 higher in the afternoon before easing towards close.

Market is holding sideways. Good exports and the implementation of the export levy by Indonesia are positive. The regulation by US Food and Drug Administration to ban artificial trans fats is favourable for palm oil but its impact is negligible. Higher production in the coming months continue to weigh on sentiment although weather is likely to be the key factor.

Technical view - prices move sideways in a 2250 - 2350 range. Ringgit ~ 3.7570 / 3.7590 vs USD.  Trend sideways ; RSI 58.38 ; parabolic SAR at 2261 ; support 2250 / 2225 / 2150 ; resistance 2330 / 2360 / 2400 / 2450.

In other news..

🇺🇸 The forecasts released by the Fed showed most officials expect to begin raising short-term interest rates before the end of the year. But Fed officials lowered their interest-rate forecasts for 2016 and 2017 by a quarter percentage point, suggesting they've become less certain about the strength of the U.S. economy in the longer run.

🇺🇸 U.S. stocks ended slightly higher after the Federal Reserve signaled that interest rates could increase more slowly than officials had expected.

€ European equities closed lower as investors awaited the conclusion of a two-day policy meeting of the U.S. Federal Reserve and a gathering of the European Central Bank's (ECB) Governing Council.

€ ECB is expected to review its Emergency Liquidity Assistance (ELA) to Greece at a non-monetary policy meeting in Frankfurt. The ELA is extended by the Greece's central bank to its struggling lenders, but comes, ultimately, from the ECB.

€ The Eurozone final-May CPI was left unrevised at +0.2% m/m and +0.3% y/y. The Eurozone final-May core CPI was left unrevised at +0.9% y/y.

🇯🇵 The Japan May adjusted trade deficit of -182.5 billion yen was slightly narrower than market expectations of -184.0 billion yen.

📝 Bank Indonesia’s Board of Governors is scheduled to issue its monetary policy decision Thursday.

⛽ Oil prices swung over a wide range but ended little changed, as a dovish Federal Reserve statement helped the market recover from a selloff after disappointing U.S. stockpile data.

👑 Gold prices rose in electronic trading, after the Federal Reserve gave a less optimistic than expected assessment of the U.S. economy and signaled that it may raise rates less steeply than anticipated in the coming cycle. Now, $1,186.

🌴 FCPO (RM2,291) closed unchanged. Bearish sentiment prompted selling in the morning session. Better interest in the cash market encouraged buying. The regulation by U.S. Food and Drug Administrative to ban artificial trans fats is favorable for palm oil but its impact is negligible.

Trading Tips for the Day - 17 June 2015

FKLI will likely open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.. Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market traded higher yesterday in the absence of fresh factors. Buying was led by ideas of technical correction with the stochastic indicating oversold. Support followed higher China Dalian futures 

and e-CBT soyoil. A smaller than expected rise in the 1-15 June production by Southern POMA also underpinned sentiment. There was light selling pressure early from lower CBT soyoil which found good support. Prices were 5 lower to 19 higher in the morning and rose to 31 higher in the afternoon.

Generally, there are no new factors. Market is correcting from recent decline after the very good 1-15 June exports and some estimates that production is about unchanged in June vs May. The upcoming Indonesian export levy is also supportive. However, concerns over increasing production in the coming months and big soyabean supplies will continue to weigh on sentiment.

Technical view - prices correcting from the oversold situation in the stochastic, keeping within the 2250 - 2350 range. Ringgit ~ 3.7500 / 3.7520 vs USD. Trend sideways ; RSI 58.38 ; parabolic SAR at 2261 ; stochastic turned up from oversold ; support 2250 / 2225 / 2150 ; resistance 2330 / 2360 / 2400 / 2450. Interested to trade futures?

In other news...

The FOMC is meeting Tuesday and Wednesday to decide its next move. The central bank has kept U.S. interest rates pinned near zero since late 2008 in the hope of spurring an economic recovery. While investors don’t expect the Fed to raise rates at this meeting. The federal funds futures market indicates a 43% chance of a 25 bp rate hike at the next FOMC meeting on July 28-29, a 73% chance of a rate hike by the Sep 16-17 meeting, an 84% chance of a rate hike by the Oct 27-28 meeting, and a 100% chance of a rate hike by the Dec 15-16 meeting.

📝 The markets are looking ahead to today’s weekly ECB meeting on Greece and tomorrow’s Eurozone finance ministers meeting. Greece is hoping that Eurozone finance ministers at their meeting tomorrow, or Eurozone leaders at next Thursday’s (June 25)summit in Brussels, will soften their demands. Greece could potentially stretch negotiations into July if it can either make the 1.5 billion euro payment that is due to the IMF on June 30 or be granted a 30-day grace period on making that payment.

🇺🇸 U.S. stocks rose, rebounding from two days of losses, as investors awaited news on Greece’s bailout talks and the outcome of the Federal Reserve’s policy meeting.

€ European equities closed higher after paring losses in earlier trade, with investors keeping watch for developments in Greece and a two-day policy meeting at the U.S. European stocks also took a hit after the German May ZEW investor confidence fell for a third month to the lowest in 7 months.

🇨🇳 China's Shanghai Composite Index down -3.47% at a 1-1/2 week low on valuation concerns, worries of a fresh clampdown on margin financing and a new wave of initial public offerings (IPOs).

🌺 Shares of Kuala Lumpur-listed AirAsia doubled losses to more than 8%, hitting their lowest levels since August 2010, after group CEO Tony Fernandes said the airline will raise funds at loss-making associates and sell planes to pare down debt in a note issued yesterday.

⛽ U.S. oil prices climbed on strong demand for crude and the threat of a tropical storm along the Gulf Coast.

👑 Gold fell as some investors cut back holdings due to pressure from a stronger dollar and as a precaution ahead of the Federal Reserve’s monetary policy decision. Now, $1,181.70.

👑 Bank of China has become the first Chinese bank to participate in the London gold price fix, the latest example of the country’s push deeper into global financial markets.

🌴 FCPO (RM2,291) closed higher as supported by higher China Dalian futures and Soyoil. Technical correction with the stochastic indicating oversold also added support. Generally, there are no new factors. Market is correcting from recent decline after a very good exports data and some estimates that production is unchanged in June vs May.

Trading Tips for the Day - 16 June 2015

FKLI will open lower today, for the first trade, one can attempt too short one two three points above the opening price. Try and get five to seven points profit and put a stop 5 points away from your entry point. Close the position by the end of the day.

Trading Tips for the Day - 15 June 2015

FKLI will likely open lower today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market eroded to a 2-week low today. Selling was prompted by sharp losses in CBT soyoil and China Dalian futures. Expectations of higher stocks from seasonally peak production months in August - October continued to undermine support. Late news that Indonesia will commence the export levy on palm oil from 15 June helped to check losses. Prices gapped 25 to 38 lower in the morning and remained weak most of the afternoon before recovering to 9 lower towards close.

There is more emphasis on seasonal weakness from increasing production in the coming months. Demand is not expected to be big enough to prevent higher stocks especially with the current bumper soyabean supplies. However, talks of El Nino weather, if it materializes, will turn sentiment bullish. The start of the Indonesian export levy to assist biodiesel production is positive as it may lead to more exports from Malaysia.

Technical view - the break below 2275 is slightly negative. Prices may test the 2250 support. Ringgit ~ 3.7560 / 3.7580 vs USD.  Trend down ; RSI 56.39 ; parabolic SAR at 2254 ; stochastic slightly oversold ; support 2250 / 2225 / 2150 ; resistance 2330 / 2360 / 2400 / 2450.

In other news...

🇺🇸 U.S. stocks closed lower on Friday, as continued uncertainty over Greece pressured stocks and investors kept an eye on a calmer bond market ahead of this week's Federal Reserve meeting. Losses in stocks were limited after the early-Jun U.S. consumer sentiment index from the University of Michigan rose +3.9 to 94.6, stronger than expectations of +0.5 to 91.2.

€ European stocks were down as Greek default concerns intensified after European Union President Tusk said "there is no more time for gambling."

📝 Greek bank stocks tumbled and Greece's ASE Stock Index is down -2.83% as Tusk rebuked Greek Prime Minister Tsipras for dragging his feet on a debt agreement. According to two officials present at the talks, policy makers are now examining all scenarios if Greece refuses to compromise, including the possibility that Greece is forced to leave the Eurozone.

🇨🇳 China's Shanghai Composite Index up +0.87% at a new 7-1/3 year high on speculation the PBOC may cut banks' reserve requirement ratios as early as this weekend.

⛽ Oil settled more than 1% lower on Friday after oilfield services firm Baker Hughesreported its U.S. rig count declined for a 27th straight week.

👑 Gold inched lower, shrugging off the slightly weaker dollar, lower equity markets and uncertainty over the Greek debt crisis, as traders were cautious ahead of the U.S. Federal Reserve's policy-setting meeting next week. Moreover, Gold closed lower on reduced demand for gold as an inflation hedge after the May final-demand core PPI fell to +0.6% y/y, the weakest pace since the data series began in 2010.

🌴 FCPO (RM2,276) closed at 2-week low as sharp losses at China Dalian Futures and CBT Soyoil. Price supported from low after news that Indonesia will commerce an export levy on palm oil effective from 15 June. However, market still emphasis on the seasonal weakness from the increasing production in the coming months. Price break below 2275 is slightly negative.

Trading Tips for the Day - 16 June 2015

FKLI will likely open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, slow session yesterday, lacking fresh incentives. Market closed little changed after trading on either sides of the previous day's close. Easier CBT soyoil and China Dalian RBD olein prompted
selling. Ideas that the market was due for a rebound after dropping the past 3 days, encouraged support. Weaker ringgit and strong gains in crude mineral oil were positive but largely ignored.  Prices were 3 higher to 11 lower in the morning and 12 higher to 3 lower in the afternoon.

The higher end May stocks and the approaching peak production period in the coming months continue to weigh on sentiment. Prospects of adverse weather, amid forecast of El Nino, increased use for biodiesel and better Ramadan demand have not made their mark yet. Meanwhile, the USDA supply - demand reports were slightly supportive for soyabean with lower carry out stocks.

Technical view - prices remain in a sideway range of 2250 - 2350.  trend up ; RSI 59.76 ; parabolic SAR at 2253 ; support 2275 / 2250 / 2225 / 2150 ; resistance 2330 / 2360 / 2400 / 2450.  

In other news...

 The International Monetary Fund said it was halting its bailout talks with Greece in a stark signal of its exasperation about a lack of progress toward a deal needed to avert a Greek default.

🇺🇸 U.S. stocks gained after data showed retail sales rose in May, boosting optimism about the economic outlook and healthy consumer spending. The Dow had seen a triple-digit rise early in the session, but it pared gains after optimism faded that a Greek debt deal will soon be reached when the IMF negotiating team withdrew from the Greek debt talks in Brussels and said that “major differences remain.”

💵 The dollar remained higher against the euro and the yen, as investors continued to digest U.S. data that indicates a slowly recovering economy and higher interest rates in the coming months.

📝 Twitter CEO Dick Costolo Stepping Down on July 1, as the company struggles to convince Wall Street of its growth strategy.

€ European stocks were up as Greek stocks surged over 6% on optimism that Greece can reach a deal with its creditors to receive financial aid. Eurozone officials try to impose deadline of next Thursday for Greek agreement.

📝 The 10-year Greek bond yield dropped to 11.40% and has fallen more than -80 bp from Wednesday's 6-week high of 12.21% after the ECB increased the limit on Emergency Liquidity Assistance to Greek banks by 2.3 billion euros to a total of 83 billion euros.

🇯🇵 Japanese exporters rose as the yen weakened against the dollar.

🇨🇳 Shanghai Composite index ended up 0.3% amid choppy trade as the release of April fixed asset investment, together with May retail sales and industrial production, matched analysts' expectations.

🇨🇳 China May industrial production climbed +6.1% y/y, stronger than expectations of +6.0% y/y.

🇨🇳 China May new yuan loans rose 900.8 billion yuan, higher than expectations of 850.0 billion yuan.

⛽ U.S. oil prices slipped from a six-month high on a stronger dollar and concern that the global oil glut will persist after IEA data showed Saudi Arabian May oil production at a record 10.25 million bpd and Iraq May crude output at a record 3.85 million bpd.

👑 Gold closed lower as the stronger dollar and fund selling of gold as long gold positions in ETFs on Wed fell to a 6-year low of 1.587 MT.

🌴 FCPO (RM2,292) closed little changed after trading either of the previous day's close. Slow session as lack of fresh incentives. Price remain sideways range.

Trading Tips for the Day - 11 June 2015

FKLI will likely open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market closed lower for the 3rd consecutive day. Selling followed the slightly negative MPOB May
data which showed higher stocks and better production. Early pressure came from easier CBT soyoil and China Dalian futures with firmer ringgit adding weight. Losses were held by very high 1- 10 June exports and stronger crude mineral oil. Prices were 2 to 23 lower in the morning and extended losses to 36 lower in the afternoon.

Market is showing better negative sentiment with more concern over the approaching peak production period of August - October. The higher end May stocks point to ample supply especially with production increasing in the coming months. However, prospects for good exports to continue ahead of the festive Ramadan, increased use for biodiesel and the El Nino weather are keeping bullish hopes alive. Meanwhile, the USA supply - demand reports tonight are expected to affirm record global soyabean supplies.

Technical view - prices moved back into the consolidation range of 2250 - 2350.  Trend up ; RSI 59.62 ; support 2275 / 2250 / 2225 / 2150 ; resistance 2330 / 2360 / 2400 / 2450. 

In other news...

🇺🇸 U.S. stocks rose sharply as technology and financial shares pulled ahead and investors embraced encouraging signals about Greece’s financing talks. 
* Dow +236
* S&P +25
* Nasdaq +62

🇺🇸 The U.S.’s AA+ credit rating was affirmed by Standard & Poor’s, which cited the resilience of the economy and the status of the dollar.

€ European stocks were up 1 to 2% and found support on optimism that Greece can find a solution to its debt crisis as Greek Prime Minister Tsipras meets with German Chancellor Merkel and French President Hollande in Brussels today.

📝 The ECB increased the amount of money Greek banks can borrow under an emergency lending program, a Greek bank official said, continuing a lifeline for the country’s banks as tense negotiations between the Greek government and its creditors continue. Meanwhile, S&P downgraded Greece’s credit rating deeper into junk.

🇨🇳 China pared losses after stemmed from a decision by index provider MSCI Inc. not to add Chinese domestic stocks to its widely tracked emerging markets index.

💵 💴 The dollar index is down at a 3-week low on strength in the yen as USD/JPY is down -0.92% at a 2-week low after BOJ Governor Kuroda said "the yen is unlikely to weaken further." Now, ¥/$ 123.02.

📝 The New Zealand dollar slumped to its lowest in almost five years after the nation’s central bank unexpectedly cut interest rates. Reserve Bank Governor Graeme Wheeler has cut rates from 3.5 per cent to 3.25 per cent and warmed of more to come.

⛽ U.S. oil prices rose to a new 2015 high after U.S. data showed stronger-than-expected demand for crude oil and gasoline. U.S. crude-oil stockpiles dropped by 6.8 million barrels in the week ended June 5 to 470.6 million barrels, the U.S. Energy Information Administration said Wednesday.

👑 Gold prices advanced to a one-week high, as some investors bought the metal to gird against a weaker dollar and turbulence in bond markets. Now, $1,185.90.

🌴FCPO ( RM 2291) closed lower for the 3rd consecutive days. Selling followed the slight negative MBOP May data which showed higher stocks and better production. Lower Soyoil & China Dalian added pressure. Market concerns over approaching peak productions period of Aug to Oct. However, prospects better exports continue for the coming Ramadan festival, increased use of biodiesel and formation of El-Nino are keeping demand. Price may consolidate at 2250 to 2360.

Trading Tips for the Day - 10 June 2015

FKLI will likely open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the trading day.

As for FCPO, market eroded yesterday following sharp drop in China Dalian futures and CBT soyoil. Sentiment was also undermined by softer crude mineral oil and stronger ringgit, which gained more than 0.5 pct vs USD. Continued liquidation and position squaring ahead of the MPOB May data tomorrow added weight. Losses were held by some forecast of El Nino weather and rumours of good 1-10 June exports. Prices gapped 22 to 44 lower in the morning and remained soft most of the afternoon before recovering some losses towards close.

There were late rumours that the 1-10 June exports to be reported by the cargo surveyors tomorrow are about unchanged vs a month ago. This will be supportive. Forecast by the Australian Meteorology Bureau that El Nino weather is developing is also positive. MPOB data tomorrow will not have much impact unless the numbers vary from the Reuters and Bloomberg polls.

Technical view - prices are falling back into a 2250 - 2360 range. Indicators are still positive.  Trend up ; RSI 65.08 ; support 2275 / 2250 / 2225 / 2150 ; resistance 2330 / 2360 / 2400 / 2450. 

In other news...

🇺🇸 U.S. stocks ended little changed as investors eyed recovery in bond yields and economic indicators that could shed light on the timing of a rate hike, amid continued Greece debt negotiations.

🇺🇸 Dow Jones Transportation Average falling closer toward correction territory. The average is off 9.9% since it last hit an all-time high on Dec. 29, 2014. The drop in transportation stocks is commonly seen as a warning signal for the broader stock market.

€ European stocks were down at a 3-1/2 month low on signs that Chinese growth may be slowing after CPI data. Also, Greek default concerns remain as the Greek 10-year bond yield rose +24 bp to 11.54% after German Chancellor Merkel said "there isn't much time left" for Greece to find a deal with its creditors.

🇨🇳 China's Shanghai Composite fell -0.36%, although losses were contained on speculation the slow pace of inflation will allow the PBOC to expand stimulus. Also, China shares falling ahead of a decision by MSCI on whether it will include Chinese domestic stocks in its benchmarks.

🇨🇳 China May CPI rose +1.2% y/y, less than expectations of +1.3% y/y. May PPI fell -4.6% y/y, unch from Apr and a bigger decline than expectations of -4.5% y/y.

💴 The yen edged higher against rivals as signs of falling prices in China renewed fears of global deflationary pressures, sending some investors into assets that are perceived to hold their value in turbulent markets, such as the Japanese currency. Now, JPN/USD 124.34.

⛽ Oil prices gained on expectations of a sixth straight weekly decline in U.S. crude supplies and a weaker dollar.
* U.S. crude $60.14 (+$2.00 / 3.44%)
* Brent $65 (+$2.40)

👑Gold prices settled higher as investors sought out the safe-haven metal while European stock markets slipped. Now, $1177.70.

🌴 FCPO (RM2,317) closed lower following sharp losses at China Dalian futures and Soyoil. Investors continued profit taking and position alignment ahead of the MPOB May data. However, late support as rumors of good 1-10 June exports and forecast of El-Nino is developing. Price may range at 2250 to 2360. Indicators are positive.

Trading Tips for the Day - 9 June 2015

FKLI will likely open lower today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market closed slightly lower after opening at new highs since 5 March. Better sellers surfaced in the afternoon following quiet cash market and ideas of slack demand. Good weather in the US and arrival of monsoon rains in India undermined sentiment. Market was higher in the morning with support from very weak ringgit, which lost about 1.3 pct vs USD, and firmer CBT soyoil. Prices were 21 to 1 higher in the morning and eased to 13 lower in the afternoon.

There was some profit taking and position squaring ahead of MPOB May data, 1-10 June exports by cargo surveyors and USDA supply-demand reports on 10 June. Technical correction from overbought situation added pressure. However, there are no new factors. Short term fundamentals are positive with lower stocks, good demand for festive Ramadan, prospect of increase use for biodiesel with upcoming Indonesian export levy and signs of El Nino weather. Seasonal increase in production in coming months and bumper soybean supplies are keeping a lid on bullish sentiment.

Technical view - the lower close after rising to new highs is slightly negative. However, trend is still up and indicators remain positive. Trend up ; RSI 68.67 ; support 2275 / 2250 / 2225 / 2150 ; resistance 2360 / 2400 / 2450.

In other news...

RM weakened 1.4% to 3.7720 versus the greenback, the biggest drop in Asia, according to data compiled by Bloomberg. It earlier fell to 3.7743, the lowest level since January 2006 and close to the 3.8 level at which it was pegged until 2005.

🌺 Malaysia is vulnerable to outflows spurred by higher U.S. interest rates as central bank data show global funds hold 32% of the nation’s government bonds, compared with 18% for Thailand. Overseas investors sold a net 2.5 billion ringgit ($663 million) of the nation’s shares last month, stock exchange data show.

🌺 Malaysia Foreign reserves have climbed to $106.4 billion after falling to $105.1 billion in March, the lowest level since 2010 and below the 10-year average of $112.42 billion.

🇺🇸 U.S. stocks fell and U.S. government bonds strengthened one session after an upbeat May jobs report bolstered expectations for higher rates later this year.

€ European stocks were down at a 3-1/2 month low. The unresolved Greek debt crisis continues to weigh on stocks. The 10-year Greek bond yield rose +17 bp to a 4-sessionhigh of 11.39% as Greek needs a deal with its creditors or get another extension before a Eurozone bailout package expires on Jun 30.

📝 Greece’s international creditors have suggested extending the country’s bailout program until March 2016.

🇨🇳 China's Shanghai Composite climbed +2.17% to a 7-1/3 year high on optimism that MSCI will decide to include China's locally traded stocks to its equity benchmark indexes.

🇨🇳 The China May trade balance widened to a surplus of +$59.49 billion from +$34.13 billion in Apr, more than expectations of +$44.80 billion. May exports fell -2.5% y/y, less than expectations of -4.4% y/y. May imports fell -17.6% y/y, more than expectations of -10.0% y/y.

🇨🇳 Today, China reports May producer and consumer prices with the PPI expected to rise -4.5% on the year, while economists are forecasting a 1.3% year-over-year rise in the CPI.

👑 Gold prices rallied as a weaker dollar and concerns over political uncertainty in Turkey and Greece buoyed investor demand for the precious metal. Now, $1,174.

⛽ Oil prices fell on signs of weaker Chinese demand and continued concerns supplies. China’s crude-oil imports fell 11% in May from the prior year, according to data released Monday.

🌴 FCPO (RM2,333) closed lower after opening high since 5 March. Market was higher at opening as weak Ringgit. There was some profit taking ahead of MPOB data, 1-10 June Export data and USDA supply-demand report on 10 June. Technical correction from overbought situation added pressure. However, trend is still up and indicators remain positive.

Trading Tips for the Day - 8 June 2015

FKLI will likely open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the trading day.

As for FCPO, market again found good support in the afternoon to close higher today. Buying was tied to continuing bullish sentiment and ideas that short term fundamentals are positive. Weak ringgit, which lost more than 0.5 pct vs USD today, was also supportive. A rebound in China Dalian RBD olein futures to close higher added support. Market was lower in the morning following some weekend liquidation after CBT soyoil and crude mineral oil eroded. Prices were 1 to 24 lower in the morning and rose to 27 higher in the afternoon.

The Reuters and Bloomberg polls on MPOB May data to be released on 10 June was slightly positive, with lower stocks although within expectations. Market will be looking towards global weather developments and export numbers for further direction in the coming weeks. Excessive rain in the US and weak Indian monsoon are currently supportive for the market.

Technical view - prices consolidating on recent sharp rise in a 2250 - 2350 range. Indicators remain positive. Prices may move to 2400.  Trend up ; RSI 70.48 ( slightly overbought ) ; support 2250 / 2225 / 2150 ; resistance 2350 / 2400 / 2450. 

In other news...

🇺🇸 U.S. stocks closed narrowly mixed on Friday as investors eyed developments in Greece and weighed a bond yield rally on a strong jobs report, which supports the case for a rate hike this year.

🇺🇸 Non-farm payrolls increased 280,000 last month, the largest gain since December, above the 225,000 that economists polled by Reuters had expected. Also, unemployment slightly above forecasts at 5.5%.

€ European stocks were down at a 4-week low on Greek bankruptcy concerns after Greece deferred a 300 million euro debt payment due to the IMF on Friday until the end of the month. Also pressuring stocks was the strong U.S. jobs report.

📝 Greece's ASE Stock Index tumbled -4.55% and the 10-year Greek bond yield rose 40 bp to a three-session high of 11.32% on the news.

🇩🇪 German Apr factory orders rose +1.4% m/m and +0.4% y/y, stronger than expectations of +0.5% m/m and -0.6% y/y.

🇨🇳 China's Shanghai Composite Index climbed +1.54% to a 7-1/3 year high amid speculation the government will boost stimulus measures to bolster the economy along with cross-borders sales of mutual funds that may widen access to financial markets and increase equity inflows.

⛽ Oil prices jumped on Friday after Baker Hughes reported the number of rigs drilling for oil in the United States fell for the 26th consecutive week.

👑 Gold hit an 11-week low on Friday, heading for a third straight weekly slide, as the dollar extended its gains after better-than-expected U.S. employment data bolstered prospects for an interest rate increase this year. Now, $1,172.60.

🌴 FCPO (RM2,341) continue found support in the afternoon and close higher. The Bloomberg and Reuter polls on MBOP data to be release on 10 June was slightly positive, with lower stocks although within expectation. Market will be looking toward global weather developments and exports number for further directions.

🌺 Ringgit has fallen near the six-year low as the concerns of the sovereign investment company 1MDB remain escalated. Technically, the USD/MYR pair has strong resistance near 3.75 area which it failed to break through in March 2015 and in 2009 (3.7550). If breaking that level, Ringgit will push to its lowest level since early 2006.

Trading Tips for the Day - 5 June 2015

FKLI will likely open lower today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market closed higher yesterday on good support in the afternoon. Buying was tied to bullish sentiment on ideas that short term fundamentals are supportive. Technical strength added support. Market was lower in the morning, ignoring strong gains in CBT soyoil, following losses in China Dalian futures and crude mineral oil. Prices eased 1 to 15 lower in the morning and rebounded to 31 higher in the afternoon.

The strong showing points to continuing bullish sentiment. Strength in CBT soyoil, prospects of adverse weather (particularly in India), increased use for biodiesel in Indonesia, better demand
for festive Ramadan and weak ringgit are encouraging support. However, higher production in the coming months and further scaling up of Brazil and Argentina soyabean crops should cap the upside.

Technical view - the rebound from early losses enhanced the positive indicators. Prices may move to 2400.  Trend up ; RSI 68.35 ; stochastic turned down from overbought ; support 2250 / 2225 / 2150 ; resistance 2350 / 2400 / 2450.

In other news... 

The International Monetary Fund Thursday slashed its forecasts for U.S. economic growth, calling for the Federal Reserve to hold off its first rate increase in nearly a decade until 2016.

📝 Greece and its creditors have agreed on some aspects of a deal to unlock urgent bailout aid, but differences remain on its soaring debt and the amount of fiscal pain the country will have to swallow.

🇺🇸 U.S. stocks fell, with the Dow and S&P ending at their lowest levels in nearly a month as recent volatility in bonds and lack of resolution on Greece kept investors on edge ahead of Friday's employment report. 
* U.S. weekly initial unemployment claims fell to 276,000, a bigger decline than expectations of 278,000.
* U.S. Q1 non-farm productivity was revised lower to -3.1% from -1.9%, a bigger decline than expectations of -3.0% and the largest drop in a year.

€ European stocks were down at a 4-week low after German bund prices plunged for a second day with the 10-year bund yield soaring to an 8-1/4 month high of 0.996%. Stocks were also pressured by the ongoing Greek credit crisis as the latest round of negotiations failed to yield a breakthrough.

€ As expected, the BOE maintained its benchmark rate at 0.50% and kept its asset purchase plan at 375 billion pounds following today's BOE policy meeting.

💵 The dollar index is down -0.71% at a 2-week low and EUR/USD is up +0.71% at a 2-week high as the surge in European government bond yields improves the euro's interest rate differentials against the dollar.

🇨🇳 Shanghai Composite Index closed positive 37 points, 4,947, the highest since Jan 2008 on turnover of 1.1 trillion yuan. The market reversed earlier losses that saw it plunge as much as 5.35% as investors were jittered over a clampdown on lending.

⛽ Oil prices sank to a one-week low as traders assessed ample global crude supplies ahead of the Organization of the Petroleum Exporting Countries’ Friday meeting. Also, comments from Iraq’s oil minister that Iraq plans to increase its oil exports by +100,000 bpd this month, which would exacerbate the global crude oil supply glut.

👑 Gold prices sank to a five-week low, after the International Monetary Fund slashed its forecast for U.S. growth and warned that inflation remains elusive. Moreover, fund continued selling of gold as long ETF gold positions dropped to a 6-year low of 1,593 MT on Wednesday. Now, $1,177.10.

🌴 FCPO (RM2,319) closed higher today as good supportive fundamental in short term. Market was lower at morning session following losses in China Dalian and crude mineral oil. Weak Ringgit also added support. The rebound from early losses enhanced the positive indicators.

🌺 FBMKLCI index June semi-annual review: Westports Holdings Bhd will replace Felda Global Ventures Holdings Bhd (FGV) in the list of 30 FBM KLCI constituent stocks come June 22, 2015.