Monthly Archives: August 2015

31Aug

Comex Trading Signals and Market News – 31 August 2015

INTERNATIONAL COMMODITY NEWS :

  • A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals’ output.
  • Gold futures surged on Friday ending a four-day losing streak, as the Chinese equity crisis and the timing of a closely-watched interest rate hike from the Federal Reserve remained in focus.
  • U.S. crude futures extended a substantial rally one day after posting its strongest session in six years, as the fallout continued from reports that Venezuela could be pushing OPEC to hold an emergency meeting to reverse crashing energy prices throughout the world.

ECONOMY NEWS :

  • A U.S. Postal Service employee in Alabama was arrested on Friday after she was indicted on more than 50 federal charges in connection with a $1.5 million identity theft tax refund scheme.
  • The U.S. Federal Reserve on Friday left the door open to a September interest rate hike even while several central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay monetary policy tightening.
  • Former Greek Prime Minister Alexis Tsipras’ leftist Syriza will emerge as the biggest party in next month’s election but without the majority it was hoping for, the first opinion polls since he resigned last week showed on Friday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1135 TARGET 1140 1146 SL 1129
  • SELL GOLD BELOW 1133 TARGET 1128 1122 SL 113

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH SINGAPORE.

31Aug
forex-market-hours

IForex Market Trading Signals and News – 31 August 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – GBP/USD holds near 1-1/2 month lows despite U.K. GDP
  • FOREX – UK and Swiss GDP Continue to Expand in Line with Expectations
  • FOREX – Dollar slips lower on profit-taking, U.S. data ahead

GBP/USD
The GBP/USD pair recovered most losses and tries hard to regain 1.54 barrier in the European afternoon, as markets digest the UK data keeping the pound undermined. The GBP/USD pair trades -0.08% lower at 1.5391, recovering slightly from 1.5364 levels reached post the data release. The cable continues to consolidate to the downside after the pound was dragged to session lows in a delayed reaction to the UK GDP report which showed no revisions to both the quarterly and annual measures of economic growth. However the UK economy kept the pace and grew at the rate of 0.7% between the first and second quarters, and rose 2.6% on a year-on-year basis. This was the tenth consecutive quarter of positive growth, the Office for National Statistics (ONS) informed on Friday. Looking ahead, the US session will attract attention and may direct further USD moves, having major influence on the GBP pair.

EUR/USD
The Euro declined for a third consecutive day against the US Dollar, with prices now aiming at support below the 1.12 figure. A daily close below the 61.8% Fibonacci retracement at 1.1153 exposes the next downside barrier at 1.1021, the 76.4% level. Alternatively, a move back above the 50% Fib at 1.1260 targets the 38.2% retracement at 1.1367. Our long-term bias on the Euro favors weakness. Indeed, the dominant trend has favored the downside since mid-2008. The currently available trading range – the distance between immediate support and resistance – is only 107 pips however. That is smaller than 20-day ATR (143 pips for the last closed candle), which skews risk/reward parameters away from entering a short trade.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5445 TARGET 1.5465 1.5495 SL 1.5415
  • SELL GBP/USD BELOW 1.5330 TARGET 1.5310 1.5280 SL 1.5360

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH SINGAPORE.

31Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 31 August 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 10.51 points or 0.36% higher to 2955.94, taking the year-to-date performance to -12.16%.
  • The top active stocks today were DBS, which declined 0.44%, SingTel, which declined 1.30%, UOB, which gained closed unchanged, OCBC Bank, which declined 0.76% and Keppel Corp, with a 1.15% advance.
  • The FTSE ST Mid Cap Index gained 0.89%, while the FTSE ST Small Cap Index rose 0.81%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 2.44%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 4.08% and 4.03% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.35%. China Everbright Water shares declined 2.69% and SIIC Environment Holdings declined 5.06%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (unchanged) , Is Msci India 100 (+0.58%) , Nikko Am Singapore Sti Etf (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.46%) , Capitacom Trust (+1.13%) , Capitamall Trust (+0.51%)
  • The most active index warrants by value today were : HSI20800MBePW150929 (+7.53%) , HSI23800MBeCW151029 (-22.09%) , CN10500MBeCW151127 (unchanged)
  • The most active stock warrants by value today were : UOB MB eCW160111 (-1.74%) , DBS MB eCW160111 (-3.77%) , KepCorp MBeCW160201 (+0.87%)

STOCK RECOMMENDATION :

  • BUY OKH GLOBAL ABOVE 0.730 TARGET 0.750 0.800 SL 0.690

For more information about SGX stock market please feel free to visit EPIC RESEARCH SINGAPORE.

28Aug

Comex Trading Signals and Market News – 28 August 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were little changed on Thursday, as investors awaited the release of revised U.S. second quarter economic growth data later in the day for a fresh reading on the strength of the economy.
  • West Texas Intermediate oil futures reclaimed the key $40-level on Thursday, as sentiment was boosted amid a global stock market rally.
  • Copper futures rose sharply on Thursday, as Chinese equity markets rebounded from a brutal sell off in the prior session, easing jitters over an ongoing stock market collapse.
  • NYMEX crude jumps in Asia as China demand outlook brightens .

ECONOMY NEWS :

  • The euro is an irreversible project even though the people of Europe lack confidence in the currency union’s ability to deliver all promised benefits, European Central Bank executive board member Benoit Coeure said on yesterday.
  • Ukraine will not offer a better debt deal to Russia than to other creditors, Ukrainian Prime Minister Arseny Yatseniuk said on Thursday, after the country reached a restructuring agreement on $18 billion of its debt.
  • The Shanghai Composite rallied 5.4% on Thursday to reclaim the critical 3,000-level, after crashing 23% over the past five sessions, as sentiment improved after China’s latest easing moves.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1132 TARGET 1137 1143 SL 1116
  • SELL GOLD BELOW 1129 TARGET 1124 1118 SL 1135

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH SINGAPORE.

28Aug
forex-market-hours

IForex Market Trading Signals and News – 28 August 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX-Dollar index edges up to 4-day high ahead of U.S. GDP data
  • FOREX- NZD/USD edges higher but gains seen limited
  • FOREX- Yen weaker after Kuroda remarks, markets focused on China

GBP/USD
The increased bid tone around the US dollar finally sweeps the cable off its feet, now pushing GP/ USD back near session lows below 1.55 handle. The GBP/USD pair trades 0.12% higher at 1.5479, finding stiff barrier at 1.5500. The cable gave up its struggle to reclaim 1.55 handle and trimmed gains, falling further towards the session lows, as the pound finally surrendered to the strengthening US dollar, riding higher on the back of stabilizing global equities and upbeat US durable goods data released in the US last session. Moreover, Chinese markets bouncing today also bolstered the prevailing risk- sentiment, further increasing the demand for the newly pronounced risk currency – the USD. The US dollar index , a virtual measure of greenback’s strength now trades 0.10% higher at 95.38. Markets now shift focus towards the US data due later today which may have major influence on the cable. US Q2 GDP report will be reported along with weekly jobless claims and pending home sales data.

EUR/USD
The bid tone around the EUR/USD pair keeps reducing as we head into the European opening bells, as the greenback pares losses from Asia against its major competitors. While focus shifts back to the US GDP data due to be reported later in the New York session. The EUR/USD pair trades 0.23% higher at 1.1340, retreating from 1.1357 reached in the early Asian trading. The major shed some early gains as the USD bulls seem to regain ground somewhat and resume its previous rally backed by surprisingly upbeat US durable goods orders print. Moreover, ongoing risk sentiment further bolstered by Chinese equities joining the Asian rally also continues to weigh on EUR/USD, restricting further up moves. On Wednesday, EUR/USD erased Monday’s gains entirely and dropped below 1.13 barrier after the US dollar jumped following the release of positive US durable goods data and also tracking stronger US equities performance .Looking ahead, the main currency pair is likely to track USD moves as the New York session holds the much awaited US Q2 GDP figures while the Jackson Hole Symposium will also remain in focus.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5510 TARGET 1.5530 1.5560 SL 1.5480
  • SELL GBP/USD BELOW 1.5160 TARGET 1.5140 1.5110 SL 1.5190

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH SINGAPORE.

28Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 August 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 72.43 points or 2.52% higher to 2945.43, taking the year-to-date performance to-12.47%.
  • The top active stocks today were SingTel, which gained closed unchanged, DBS, which gained 2.49%, OCBC Bank, which gained 3.15%,UOB, which gained 2.01% and Noble, with a 14.44% advance.
  • The FTSE ST Mid Cap Index gained 3.06%, while the FTSE ST Small Cap Index rose 4.16%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 7.96%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 19.57% higher and 1.08% lower respectively.
  • The under performing sector was the FTSE ST Telecommunications Index, which rose 0.14%. SingTel shares remained unchanged and StarHub rose 1.41%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+1.63%) , Spdr Gold Shares (-0.98%) , Sti Etf (+2.04%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+1.38%) , Capitamall Trust (+3.45%) , Capitacom Trust (+4.74%)
  • The most active index warrants by value today were : HSI23800MBeCW151029 (+32.31%) , HSI22200MBeCW150929 (+42.31%) , HSI20800MBePW150929 (-26.63%)
  • The most active stock warrants by value today were : DBS MB eCW160111 (+17.78%) , UOB MB eCW160111 (+12.42%) , KepCorp MBeCW160201 (+15.00%)

STOCK RECOMMENDATION :

  • BUY TRIYARDS HLDGS [RC5] ABOVE 0.310 TARGET 0.330 0.380 SL 0.270

For more information about SGX stock market please feel free to visit EPIC RESEARCH SINGAPORE.

27Aug

Comex Trading Signals and Market News – 27 August 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices swung between small gains and losses on Wednesday, as investors monitored volatile movements in global equity markets.
  • West Texas Intermediate oil futures held near the lowest level in more than six years on Wednesday, as market participants looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of demand in the world’s largest oil consumer.
  • Copper prices resumed their decline towards their lowest level in more than six years on Wednesday, as investors looked past China’s latest easing move amid ongoing concerns over the deteriorating outlook for the Asian nation’s economy.

ECONOMY NEWS :

  • China’s central bank announced Wednesday that it is injecting 140 billion yuan ($21.8 billion) into the country’s banking system through short-term liquidity operations (SLOs) .
  • Support for German Chancellor Angela Merkel’s conservatives has slipped by two percentage points due to divisions within her parliamentary bloc over a third bailout for Greece and even her own popularity has taken a hit, a poll showed on Wednesday.
  • Currency volatility upsets Asian growth plans .
  • The U.S. is to release data on durable goods orders at 8:30AM ET, as investors look for fresh readings on the strength of the economy.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1129 TARGET 1134 1140 SL 1123
  • SELL GOLD BELOW 1125 TARGET 1120 1114 SL 1131

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH SINGAPORE.

27Aug
forex-trading3

IForex Market Trading Signals and News – 27 August 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – Euro falls to session lows against dollar
  • FOREX – Dollar rises broadly against other majors
  • FOREX – Aussie slips lower vs. broadly stronger greenback

GBP/USD
The GBP/USD pair dropped to 1.5650 raising questions on whether the breakout from the multi-week range of 1.5460-1.5690 was a bull trap. The spot turned lower from the 7-week high of 1.5819 seen on Tuesday after China’s rate cut pushed the markets into stabilization mode. The USD was ditched on Monday, leading to an upside breakout in the GBP/USD pair from the multi-week range of 1.5460-1.5690 levels. The focus now shifts to the US durable goods figure for July. The market expects the headline figure to print at -0.4% from June’s 3.4%. However, the markets would be more interested to see if core durable goods have ticked higher.

EUR/USD
The single currency is losing further ground vs. the greenback on Wednesday, pushing EUR/USD to test session lows in the mid- 1.1400s. The offered tone around EUR is picking up pace in the European midday, extending the pair’s correction lower after hitting daily highs in the 1.1560 region in early trade. Spot is trading lower following the decision of the PBoC to pump almost $22 billion into the financial system via SLO, in order to revitalize further the domestic economy. Next of relevance in the pair will be US Durable Goods Orders, preceding the speech by Fed’s W.Dudley. Market consensus sees orders to have contracted at a monthly pace of 0.4% during July.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5560 TARGET 1.5580 1.5610 SL 1.5530
  • SELL GBP/USD BELOW 1.5430 TARGET 1.5410 1.5380 SL 1.5460

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH SINGAPORE.

27Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 27 August 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 42.9 points or 1.51% higher to 2886.29, taking the year-to-date performance to – 14.23%.
  • The top active stocks today were DBS, which gained 1.42%, SingTel, which gained 3.18%, Keppel Corp, which gained 7.70%, OCBC Bank, which gained 2.99% and UOB, with a 3.77% advance.
  • The FTSE ST Mid Cap Index gained 2.41%, while the FTSE ST Small Cap Index rose 2.35%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 7.06%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 7.70% higher and 4.22% higher respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 1.30%. Wilmar International shares declined 1.07%and Thai Beverage declined 2.07%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (-0.68%) , Sti Etf (+2.06%) , Dbxt Msci Asia Ex Japan Etf 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.45%) , Capitacom Trust (+0.79%) , Capitamall Trust (+1.34%)
  • The most active index warrants by value today were : HSI23800MBeCW151029 (+32.31%) , HSI22800MBePW150929 (-3.90%) , HSI25800UBeCW160128 (-59.56%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (+71.08%) , DBS MB eCW160111 (+47.06%) , SGX MB ePW160104 (+3.41%)

STOCK RECOMMENDATION :

  • BUY GUOCOLEISURE [B16] ABOVE 0.790 TARGET 0.810 0.840 SL 0.755

For more information about SGX stock market please feel free to visit EPIC RESEARCH SINGAPORE.

26Aug

Comex Trading Signals and Market News – 26 August 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices held near the lowest level in more than six years on Tuesday, as Chinese stock markets plunged again, adding to concerns over the health of the world’s second largest economy.
  • Crude oil futures rose on yesterday, one day after plunging to levels not seen since the peak of the global financial crisis in 2009, as European and U.S. equity markets rebounded from a brutal sell off in the prior session.
  • Gold prices edged lower on yesterday, as global equity markets and the U.S. dollar rebounded from a brutal sell off in the prior session.

ECONOMY NEWS :

  • China’s central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.
  • During early morning hours in New York, the blue-chip Dow futures rallied 600 points, or 3.82%, the S&P 500 futures jumped 74 points, or 3.92%, while the Nasdaq 100 futures rose 180 points, or 4.53%.
  • The dollar plunged almost 2% on Tuesday to hit a seven-month low of 92.52, as mounting uncertainty over the global growth outlook and the subdued U.S. inflation outlook prompted investors to push back expectations for an initial rate hike by the Federal Reserve.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1140 TARGET 1145 1151 SL 1135
  • SELL GOLD BELOW 1136 TARGET 1131 1125 SL 1142

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH SINGAPORE.

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