14Nov
EUR/USD

EUR/USD space for a trial of 1.1800

In perspective of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the combine could endeavor a bounce back to the 1.1800 handle.

Key Quotes

“EUR/USD keeps on amending higher. The new low was as of late not affirmed by the day by day RSI and this proposes lost drawback energy, current intraday Elliott tallies are suggesting degree for a 1.1800 bounce back. Past this bounce back we stay negative, the market has as of late finished a head and shoulders top example and a bear hail design – this is exceptionally negative value activity. The estimation down from the head and shoulders is 1.1232. The 200 day mama lies at 1.1298 only in front of here”.

“The standpoint stays negative while topped by the present October highs and early August high at 1.1858/1.1910. Extra help is offered by the mid-June high at 1.1296 and the more vital 1.1110 end of May low”.

“Over the 1.1858/1.1910 range (early August and October highs) lies the 1.2092 September high”.

EUR/USD

 

24Oct

EUR/USD stick to gains

  • Blended PMIs added support to EUR
  • Positive execution from US yields tops the upside
  • Union likely in front of ECB meeting

The energetic tone remains well and sound so far today around the mutual money, taking EUR/USD to the 1.1760/70 band following the arrival of blaze PMIs in Euroland.

EUR/USD propped up by information, looks to ECB

Spot keeps the positive design so far today after German, French and EMU’s propel fabricating PMIs are relied upon to come in on a solid note in October.

The present outcomes additionally add to yesterday’s change in the purchaser certainty gage followed by the European Commission, all loaning help to the European money.

Be that as it may, the now better tone around yields of the key US 10-year benchmark continue constraining incidental bullish endeavors in spot, while the US Dollar Index (DXY) stays unfaltering in the 93.80 zone.

Looking forward, spot is probably going to stay inside a sideline subject in front of the key ECB occasion on Thursday. This potential situation is additionally reflected in the current movement in EUR fates markets.

EUR/USD levels to observe

Right now, the match is up 0.05% at 1.1755 and a break over 1.1858 (high Oct.20) would target 1.1882 (high Oct.12) on the way to 1.1911 (high Aug.2). On the other side, the following help is situated at 1.1725 (low Oct.23) backed by 1.1686 (low Oct.6) lastly 1.1662 (low Aug.17). Also FXStreet’s specialized intersection marker (TCI) notes vital protection zone around 1.1780/85, in front of the more significant 1.1810 zone, reliable of a turn point, a Fibo retracement and the 10-day sma.

EUR/USD Stick to gains

13Oct

US Dollar, Drop on by a Thread

Ideas:

– The US Dollar is level on the day as the DXY Index is scarcely clutching its every day 21-EMA as help.

– The most engaging spots at the present time may be USD/JPY and USD/CHF, given these sets’ affectability to US financing costs and their relationship to chance flow.

The US Dollar is level on the day as the DXY Index is scarcely clutching its every day 21-EMA as help. Following the arrival of the September FOMC meeting minutes, advertise members have turned out to be more touchy to approaching swelling information, as policymakers clarified that many trusted low expansion was an element, not a bug, of present day propelled economies. With two ‘high’ significance US financial discharges on the timetable today, including the September US CPI report, there is an open door for the greenback to stem its current misfortunes.

As per a Bloomberg News review, US customer costs were insignificantly higher on a month to month premise in September, due in at +0.6% from +0.4% (m/m) and +2.3% from +1.9% (y/y). The center readings ought to be comparative, at +0.2% unch (m/m), and at +1.8% from +1.7% (y/y).

These figures aggregately have begun to push back towards the Fed’s medium-term target, and would speak to evacuating the greatest hindrance to the Fed completing on its intend to raise rates once again before the year is finished (regardless of the possibility that a portion of the upside weight is because of store network issues following Hurricanes Harvey and Irma). Any effect on the US Dollar will be opposite the skim way valuing channel.

Utilization is the most essential piece of the US economy, creating about 70% of the feature GDP figure. The best month to month knowledge we have into utilization drifts in the US may ostensibly be the Advance Retail Sales report. In September, utilization expanded, as per a Bloomberg News study, with the feature Advance Retail Sales set to increment by +1.7% (m/m). The Retail Sales Control Group, the info used to ascertain GDP, is expected in at +0.4% from – 0.2% (m/m).

Chart 1: Inverse USD/CHF, Inverse USD/JPY, Gold, and US Treasury 10-year Yield Hourly Timeframe (September to October 2017)

US Dollar, Drop on by a Thread

In like manner, around the information and into one week from now, following the loss of the DXY Index’s bullish stance, choice for long USD presentation should be oppressive until the DXY offers a clearer motion for a wide US Dollar predisposition. The most engaging spots at this moment may be USD/JPY and USD/CHF, given these sets’ affectability to US loan costs and their relationship to hazard elements. All through September and October, Gold, US yields, USD/CHF, and USD/JPY have exchanged synchronously, and this ought to for a long time to come.

Chart 2: DXY Index Daily Timeframe (May to October 2017)

US Dollar, Drop on by a Thread

With the US Treasury 10-year yield pulling back to its day by day 13-EMA (has been bolster on an end premise since September 12) following a retest of the July highs,it would show up today would stamp a vital day for the greenback. A further drop in yields through current help would recommend that the US Dollar turn since the center of September is done.

However should we see solid utilization and swelling figures early today, US yields should discover no inconvenience ascending from current pattern bolster. USD/JPY has kept up its increases above day by day 21-EMA, while additionally holding above symmetrical triangle protection backpedaling to the January swing highs. Simultaneously, USD/CHF is holding its every day 13-EMA after a breakouttest of 0.9730/70 a week ago.

 

9Oct
Asian Stocks Gain

Asian Stocks Gain- Epic Research

Ideas:

* Japan, Taiwan and South Korea were shut for occasions on Monday

* However Chinese markets were back and figured out how to pick up notwithstanding frail neighborhood numbers

* The US Dollar slipped, as did its Australian cousin

Asian markets were blended Monday, those that were open that is. Occasions took Japan, South Korea and Taiwan out of the condition, in spite of the fact that China was back following seven days in length break.

A week ago’s North Korea stresses persisted into another session. The maverick state is supposedly getting ready to test a long-go rocket, and these reports came after more hawkish editorial went for Pyongyang from US President Donald Trump.

The US Dollar slipped back a little as hazard avoidance ticked up despite the fact that, without the bellwether Tokyo advertise, activity was very curbed. The Australian Dollar was hit by some powerless Chinese administration part numbers which put the supportability of very enthusiastic development in world’s second bigger economy in an awkward light.

Australia’s ASX finished the session up 0.5% with Shanghai stocks in the green in spite of those administration area numbers. Gold costs crawled up as the greenback floundered, while raw petroleum costs were higher, supposedly as financial specialists thought about the odds of more generation cuts alongside news of a lower fix check in the US.

The rest of Monday hasn’t a great deal to offer as far as planned monetary news, and that is with all due regard to Swiss store information and the European Central Bank Executive Board part Yves Mersch who is talking later.

9Oct

Daily Comex news and gold signal

Today’s Gold signal

9 octber gold

Today’s News

1. Gold prices rose on Friday supported by a dip in the dollar following a nonfarm payrolls report that undershot forecasts but gains were capped as bullish wage growth lifted expectations for higher inflation. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $3.64, or 0.29%, to $1,276.76. a troy ounce.

2. President Donald Trump will announce new U.S. responses to Iran’s missile tests, support for “terrorism” and cyber operations as part of his new Iran strategy, the White House said on Friday. “The president isn’t looking at one piece of this. He’s looking at all of the bad behavior of Iran,” Sarah Huckabee Sanders, the White House press secretary, told reporters.

3. Crude oil prices settled lower on Friday as investor attention shifted to a potential disruption to energy infrastructure in the Gulf of Mexico as Tropical Storm Nate bears down on the region amid renewed oversupply concerns. On the New York Mercantile Exchange crude futures for November delivery fell 2.95% to settle at $49.29 a barrel, while on London’s Intercontinental Exchange, Brent 2.23% to trade at $55.70 a barrel.

4. Tokyo Governor Yuriko Koike does not expect her new conservative party to pick a candidate for prime minister during the campaign for the Oct. 22 election, leaving the door open to eventually backing a lawmaker from Prime Minister Shinzo Abe’s party. Koike’s new Party of Hope has emerged as a serious challenge to Abe’s Liberal Democratic Party supporter base, but she has said she would not personally contest the election. Abe called the snap election last month in hopes his ruling bloc would keep its majority in parliament’s lower house, where it now has a two-thirds “super” majority.

5. Puerto Rico needs to accelerate the timetable for restoring its power grid or else residents will flee for the mainland rather than live without electricity for months, the chairman of the territory’s largest bank said on Friday. In an interview with Reuters on Friday, Banco Popular Chairman Richard Carrion said prolonged outages could shrink the U.S. territory’s economy and hurt its banking system. More than two weeks after Hurricane Maria hit the island, most of Puerto Rico is still without electricity. With about $40 billion in assets, Banco Popular is Puerto Rico’s biggest financial institution. Carrion said 85 of the bank’s 169 branches were open, and that only about 40 percent of its cash machines were operating.

9oct

7Oct

The Singapore Stock Market This Week: UOL Group Limited Leads the Pack Higher

The Singapore advertise benchmark, the Straits Times Index (SGX: ^STI), finished Friday at 3291.3 focuses, surging 2.2% for the week.Epic Research Singapore

Out of the 30 record parts, 23 were in the green; three were inthe red while the rest were level.

Property engineer, UOL Group Limited (SGX: U14), was the greatest champ in the list, adding 5.3% to S$8.55. In the mean time, the most unmistakable washout was transport goliath, Comfortdelgro Corporation Ltd (SGX: C52). It drooped 3.8% amid the week to end Friday at S$2.00.

Somewhere else, SIA Engineering Company Ltd’s (SGX: S59) shares dove 8.6% to S$3.19.

Singapore’s securities exchange administrator questioned the flying machine designing firm for irregular exchanging movement in its offers amid the week. Accordingly, the organization said that as indicated by a report from Bloomberg, JPMorgan had offered to offer its whole stake of 38.9 million offers in the firm, which could clarify the lofty offer value decay on Wednesday.

On Friday, SIA Engineering reported that it had gone into a non-restricting Memorandum of Understanding with Air India Engineering Services Limited, a completely claimed backup of Air India Limited. The business joint effort would offer support, repair and upgrade administrations, building preparing and other auxiliary administrations at different airplane terminals in India, among others.

The SPDR STI ETF (SGX: ES3), a trade exchanged store which can be taken as an intermediary for the Straits Times Index, is currently esteemed at a trailing cost to-profit proportion of 11.3 and has a profit yield of 3%.

5Oct
USD/JPY drops

USD/JPY drops – Epic Research Updates

The USD/JPY combine neglected to push through 113 levels on yet another event, and from that point moved lower, now playing with crisp every day lows of 112.57.

USD/JPY down to 10-DMA at 112.54

The spot broke its Asian consolidative mode to the drawback, as the Yen purchasers came back to the business sectors, hopeful of some idealistic comments on the economy.

In addition, crisp offering found in the US dollar no matter how you look at it in the midst of listing Treasury yields worked together to the most recent leg down in USD/JPY. The USD file bounce back vacillated by and by close to 93.40 levels, sending the rate back towards day by day lows of 93.09.

Further, the Yen additionally gets bolster from the most recent report, in which the US saving money monster overhauled the Japanese Q3 development estimates.

Markets looked past the firm US full scale discharges, as concentrate now stays on the Fedspeaks and US dataflow, which incorporates the week by week jobless cases, exchange adjust and processing plant orders information.

USD/JPY Technical levels

To the topside, an every day close over 112.75 (5-DMA) would move hazard for a re-trial of 113 (round number) past which 113.50 (mental levels) would be back without hesitation. A break beneath 112.02 (20-DMA) would open entryways for 111.45 (200-DMA). A break lower would yield a trial of 111.09 (100-DMA).

USD/JPY drops - Epic Research Updates

5Oct

KS Energy gets additional time for new bond, warrant issuances

KS Energy said after Wednesday exchanging close, it has achieved a concurrence with the moneylenders for the proposed issue of S$80.15 million settled rate securities and 80.15 million non-recorded extra warrants, to put off the end date of the exchanges.

The changed shutting date is Dec 21, 2017, three months after the fact than the last concurred shutting date of Sept 21, 2017 as reported on Aug 1, 2017.

The loan specialists included are OCBC Bank, TAEL One Partners Ltd, Pacific One Energy Limited (POEL) and Hedy Wiluan.Ms Wiluan is the sister of KS Energy’s official director CEO and controlling investor, Kris Wiluan.

Regarding the changed shutting date, OCBC and KS Energy have on Oct 4 concurred that the unforeseen conceded sum under the terms of a back-end installment, might be equal to the collected coupon installments and reclamation premium inferable from OCBC under the current convertible bonds up to the reexamined shutting date.

KS Energy and OCBC have beforehand gone into a concurrence on Aug 1, 2017 relating to the back-end installment. The Aug 1 understanding approached KS Energy to utilize abundance money from the returns of the offer of KS Energy’s value enthusiasm for KS Distribution Pte Ltd to pay to OCBC up to the unexpected conceded sum as a back-end installment.

OCBC, POEL and Ms Wiluan are existing holders of S$45.0 million worth of convertible securities due 2017 with a 6 for every penny coupon rate at a reclamation cost of 121.75 for each penny of the vital sum. TAEL is a current holder of S$7.5 million worth of convertible securities due a year ago with a 6 for every penny coupon rate at a reclamation cost of 104.19 for each penny of the essential sum.

19Sep

Asian Markets Steady As Investors Look To Fed

Arguments:

  • Asian Stocks were for the most part lower, however just by a bristle
  • An absence of nearby news left markets concentrated on the Fed
  • The US Dollar was perkier as security yields rose

Asian stocks were for the most part somewhat bring down Tuesday as financial specialists looked forward to the US Federal Reserve’s September money related strategy meeting.

The Fed’s choice won’t be discharged until Thursday morning nearby time and the national bank is not anticipated that would adjust loan fee levels, but rather financial specialists are on look for news with reference to how its emergency swollen, $4.5 trillion asset report will be loosened up.

Markets are commonly slow in the run up to these choices and Tuesday’s activity or scarcity in that department fitted that bill. On a day of inadequate neighborhood financial news the ASX, Hang Seng and Kospi were basically level with every one of them actually in the red by under 0.1%. The Nikkei 225 was a champion entertainer, rising about 2% as Tokyo markets came back from Monday’s vacation.

The US Dollar held consistent close to 8-week highs against the Japanese Yen, recommending that financial specialists are searching for a more “hawkish” Fed result, which, given the vulnerabilities made by Hurricanes Harvey and Irma, may now be an extend. US Treasury yields were additionally higher. The Australian Dollar got a brief lift from Reserve Bank of Australia financial approach meeting minutes which offered little oddity.

Gold costs crept up from two-week lows. In the mean time raw petroleum costs were unfaltering, allegedly as stresses over lower Saudi yield were balanced by guesses of higher US shale generation.

The rest of the session offers couple of financial pointers. Germany’s ZEW financial feeling review is coming up as are US lodging begin and building license numbers alongside import and fare value information.

15Sep

THESE 2 STOCKS SHOWS POTENTIAL IN SINGAPORE MARKET

Financial specialists ought to dependably be watching out for late advancements and news concerning organizations that they are putting resources into.

New declarations from organizations regularly influence the market’s suppositions on that stock and can differ the stock cost radically.

UOB Kay Hian Research (UOBKH) has as of late been in contact with the administration of these two organizations and have featured some uplifting news from them that financial specialists should observe.

 

Health Management International

UOBKH facilitated the administration of Health Management International (HMI) at a non-bargain roadshow in Kuala Lumpur and got positive news about Malaysia’s medicinal tourism viewpoint.

With a weaker ringgit, Malaysia has been pulling in more nonnatives; that is additionally supported by Malaysia’s Healthcare Tourism Council’s push to advance the nation as a restorative tourism center point.

Remote patient load development was higher than that of nearby patients, with outsiders making up around 23% of the aggregate patient volume.

Given that nonnatives ordinarily spend more on more mind boggling techniques, spending around 1.5 times more than local people, income has much space for development.

Moreover, the legislature is additionally attempting to target different nations, for example, China, Myanmar and Vietnam to pull in more patients to come into Malaysia for restorative tourism other than Indonesia, which makes up the main part of the outside patients.

HMI additionally has much limit left to be used; its Mahkota doctor’s facility and Regency healing facility are not at its most extreme limit and UOBKH sees a lot of space for natural extension.

Financial specialists who are worried about the potential rivalry confronting HMI should take note of that as of now, Johor is still underserved in regards to doctor’s facility limit, with a 1.6 bed to populace proportion which is beneath the national normal in Malaysia of 1.9.

Henceforth, any new participants will probably not represent a noteworthy danger to HMI since it will require some investment for the new healing centers to build up themselves and contend on a similar level.

A potential wellspring of concern is the low exchanging liquidity of HMI. To counter this issue, administration ought to consider offering scrip profits, or significantly consider a stock split to make the stocks more open for retail financial specialists.

Until at that point, speculators should remember the low exchanging liquidity of this stock when going into the market.

Right now, UOBKH is certain without bounds advancements of Malaysia’s status of turning into a therapeutic center and trusts that HMI is very much situated to profit by such improvements.

Subsequently, UOBKH keeps up a BUY approach Health Management International Limited (SGX: 588) with an objective cost of $0.83.

 

Wheelock Properties

At its present offer value, Wheelock Properties is by all accounts trailing behind that of its rivals like City Developments, and exchanging at a profound markdown to NAV with no extraordinary obligation.

At its present net money position with no extraordinary obligation, Wheelock has a procurement headroom of $2 billion for a net adapting level of half, influencing it to very much balanced for productive acquisitions, which might be from an en alliance deal.

As Singapore’s property advertise recoups, Wheelock will be receiving the rewards of having an essentially Singaporean portfolio since 80% of its esteem originates from Singapore.

Some potential up and coming tasks incorporate a joint advancement of Orchard Road properties with its vital accomplice HPL.

They could be cooperating to buy the URA auto stop between Four Seasons Hotel and Wheelock Place to redevelop the whole place and associate it to Orchard MRT through Wheelock Place.

In the event that this arrangement pulls through, it can conceivably be worth $1 billion in esteem gradual addition.

Be that as it may, this arrangement is essentially reliant on the administration’s arrangement for the URA auto stop, and will just acquire clearness around 2020 when the Thomson line is nearing finishing.

Over the long haul, Wheelock can possibly be a privatization focus with Wheelock and friends owning 75.8% of Wheelock Singapore.

Given that it is at present exchanging at a profound markdown to its overhauled net present esteem, UOBKH predicts that on the off chance that it tumbles to half to 60% rebate, the Woo family will doubtlessly consider privatization.

On the off chance that that happens, it will expand the offer cost and give financial specialists an erratic increment in wage.

As of now, UOBKH keeps up its BUY call for Wheelock Properties Limited (SGX: M35) with an objective cost of $2.33, which is a 15% markdown to its amended net resource estimation of $2.74 per share.

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