Monthly Archives: September 2015

30Sep

Comex Trading Signals and Market News – 30 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper futures tumbled to the lowest level in more than six years on Tuesday, as concerns over the health of China’s economy    dampened appetite for the red metal.Copper for December delivery on the Comex division of the New York Mercantile Exchange hit an intraday low of $2.225 a pound, a level not seen since July 2009, before trading at $2.234 during morning hours in London, down 1.8 cents, or 0.79%.
  • Oil prices remained weak on Tuesday, following a slide of almost 3 percent the previous session, as concerns over Asia’s economic health mounted and as production remained high. “China’s industrial profits declined 8.8 percent in August from a year earlier, with the biggest drops concentrated in producers of coal, oil and metals,” ANZ said on Tuesday. Oil prices, along with most other commodities, have fallen sharply recently, with crude futures losing almost 60 percent of their value since June 2014.
  • Gold futures edged lower on Tuesday, as expectations for a U.S. rate hike in the coming months continued to weigh on the precious metal.Gold for December delivery on the Comex division of the New York Mercantile Exchange inched down $5.40, or 0.48%, to trade at $1,126.30 a troy ounce during European morning hours.Gold fell to a five-and-a-half year low of $1,072.30 on July 24 amid speculation the Fed will raise interest rates for the first time since 2006 at some point this year.

ECONOMY NEWS :

  • Central bank of India will work with the government to ensure that the benefits of a cut in the policy interest rate is passed on by commercial banks through reductions in their lending rates, Reserve Bank of India Governor Raghuram Rajan said on Tuesday. On Tuesday, the Reserve Bank of India cut its policy interest rate to a 4-1/2 year low of 6.75 percent, in a bigger than-expected move that, with inflation running at record lows, could help an economy in danger of slowing down.
  • Billionaire investor activist Carl Icahn ramped up criticism of the U.S. Federal Reserve, warning about the unintended consequences of ultra low interest rates on the economy and financial markets. The Fed’s loose monetary policies have pulled the U.S. economy out of crisis but the cheap credit has also fueled a corporate debt binge and a quest for yield among ordinary investors, who are buying riskier assets such as junk bonds to get a better return.
  • A substantial fall in global commodity prices allowed India’s central bank to front-load interest rate reductions with a better-than-expected 50 basis point cut on Tuesday, Reserve Bank of India Governor Raghram Rajan said on Tuesday.The RBI cut its policy interest rate to a 4-1/2 year low of 6.75 percent, in a move that, with inflation running at record lows, could help an economy in danger of slowing down.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1127 TARGET 1132 1138 SL 1121
  • SELL GOLD BELOW 1120 TARGET 1115 1109 SL 1126

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

30Sep
forex-trading3

IForex Market Trading Signals and News – 30 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – Dollar lower against firmer yen amid China growth fears
  • FOREX – Euro hits day’s lows on weak German inflation data
  • FOREX – Commodity currencies recover, subdued German inflation hits euro

NZD/USD
The New Zealand dollar slid lower against its U.S. counterpart on Tuesday, hovering close to a recent six-year trough as risk-aversion continued to dominate market sentiment amid global growth worries.NZD/USD hit 0.6290 during late Asian trade, the pair’s lowest since September 24; the pair subsequently consolidated at 0.6302, sliding 0.44%. The pair was likely to find support at 0.6233, the low of September 23 and resistance at 0.6406, Monday’s high.Market sentiment was hit after International Monetary Fund head Christine Lagarde said in an interview on Monday that the IMF is likely to revise downwards its estimates for global economic growth due to slower expansion in emerging economies.The U.S. dollar was also boosted by data on Monday showing that U.S. personal spending rose 0.4% in August, beating expectations for an increase of 0.3%. The kiwi was higher against the Australian dollar, with AUD/NZD shedding 0.21% to 1.1020.

AUD/USD
The Australian dollar dropped against its U.S. counterpart on Tuesday, re-approaching a six-year low as global growth concerns continued to weigh on sentiment and as expectations for a U.S. rate hike in the coming months supported the greenback. AUD/USD hit 0.6937 during late Asian trade, the pair’s lowest since September 24; the pair subsequently consolidated at 0.6952, declining 0.54%. The pair was likely to find support at 0.6893, the low of September 7 and a six-year low and resistance at 0.7035, Monday’s high. Market sentiment weakened after International Monetary Fund head Christine Lagarde said in an interview on Monday that the IMF is likely to revise downwards its estimates for global economic growth due to slower expansion in emerging economies.The U.S. dollar was als boosted by data on Monday showing that U.S. personal spendingrose 0.4% in August, beating expectations for an increase of 0.3%. The Aussie was lower against the euro, with EUR/AUD advancing 0.83% to 1.6220.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5170 TARGET 1.15190 1.5220 SL 1.5140
  • SELL GBP/USD BELOW 1.5140 TARGET 1.15120 1.5090 SL 1.5170

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

30Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.98 points or 0.14% lower to 2787.94, taking the year-to-date performance to – 17.15%.
  • The top active stocks today were DBS, which declined 1.27%, SingTel, which gained 0.85%, OCBC Bank, which gained 0.12%, UOB, which declined 0.11% and Wilmar Intl, with a 3.08% fall.
  • The FTSE ST Mid Cap Index declined 0.66%, while the FTSE ST Small Cap Index declined 0.32%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 0.88%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 1.87% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.99%. China Everbright Water shares declined 2.46% and SIIC Environment Holdings declined 2.94%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Dbxt Msci China Trn Etf 10 (-3.57%), Sti Etf (-0.35%), Spdr Gold Shares (-0.96%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.44%), Capitamall Trust (unchanged), Capitacom Trust (-0.38%)
  • The most active index warrants by value today were : HSI21400MBeCW151127 (-25.25%), HSI21800MBeCW151029 (-43.55%), HSI20800MBeCW151029 (unchanged)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-5.75%), OCBC Bk MBeCW160111 (+0.85%), UOB MB eCW160201 (-26.94%)

STOCK RECOMMENDATION :

  • BUY THAI BEVERAGE ABOVE 0.710 TARGET 0.730 0.760 SL 0.670

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

29Sep

Comex Trading Signals and Market News – 29 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Monday, paring some of last week’s 2 percent rally, despite evidence of slowing U.S. production and a fourth  weekly increase in U.S. investor holdings of crude futures .High oversupply and concern about demand growth in key areas of consumption such as emerging markets have stripped 50 percent off the value of a barrel of oil over the last year and kept the price below $50 a barrel for most of the past nine weeks.
  • Gold prices dropped in European morning hours on Monday, as expectations for a U.S. rate hike in the near future continued to weigh on the precious metal and as investors eyed speeches by several Federal Reserve officials scheduled later in the day. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery lost 0.72% to $1,137.30.
  • Crude oil prices dipped in Asia on Monday as investors took advantage of U.S. gains last week .On the New York Mercantile Exchange, crude oil for delivery in November fell 0.98% to $45.25 a barrel. Crude oil prices have been under heavy selling pressure in recent months, as ongoing worries over the health of the global economy fueled concerns that a global supply glut may stick around for longer than anticipated.

ECONOMY NEWS :

  • The Reserve Bank of India is expected cut its key repo rate to a four-year low on Tuesday to help support the domestic economy at a time when consumer inflation is at a record low, but may express caution about easing further as price risks still loom. A Reuters poll last week showed 45 of 51 economists expect the RBI to cut the repo rate INREPO=ECI by 25 basis points to 7.00 percent, its lowest since May 2011. The RBI has already eased the policy rate by 75 bps so far this year.
  • The European Central Bank has found that a number of banks under its watch do not comply with international governance best practices, such as separating the audit and risk functions, an ECB executive board member said on Monday. “Our initial findings indicate that a number of banks, while meeting national requirements, do not comply with international best practices with regard to governance,” Sabine Lautenschlaeger, who represents the ECB’s supervisory arm on the bank’s board, said in remarks for a speech to be delivered in Milan.
  • A flurry of planned appearances this week by Federal Reserve officials began on Monday, but conflicting views by policymakers raised more questions about the U.S. central bank’s ability to manage its message at a critical juncture. William Dudley, head of the New York Fed, and John Williams, head of the San Francisco Fed, both signaled the likelihood of an interest rate hike this year, as they cited expectations of the inflation rate moving up toward the Fed’s 2 percent target.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1134 TARGET 1139 1145 SL 1128
  • SELL GOLD BELOW 1128 TARGET 1123 1117 SL 1134

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

29Sep

IForex Market Trading Signals and News – 29 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – Yen firms as global stocks trade in the red, spur safety flows
  • FOREX – Expectations of 2015 Fed rate hike nudge dollar higher
  • FOREX – Dollar edges lower ahead of this week’s payrolls, China survey

GBP/USD
The pound rose against its U.S. counterpart on Monday, but gains were expected to remain limited as expectations for a U.S. rate hike in the coming months continued to lend broad support to the greenback.GBP/USD hit 1.5232 during European morning trade, the session high; the pair subsequently consolidated at 1.5214, adding 0.23%.Cable was likely to find support at 1.5132, Friday’s low and a four-month low and resistance at 1.5261, Friday’s high.The dollar found support after Federal Reserve Chair Janet Yellen said last Thursday that the U.S. central bank remains on track to raise interest rates this year. The pound remained supported after Bank of England official Jon Cunliffe said last week that the U.K. economy was performing well compared to its international counterparts, fuelling further expectations that the BoE its on its way to raise interest rates as well.

EUR/USD
The dollar gained ground against the euro on Monday and slipped moderately against the yen, as amid growing expectations for the Federal Reserve to raise interest rates in the coming months.EUR/USD edged down 0.17% to 1.1170.The dollar found support after Federal Reserve Chair Janet Yellen said last Thursday that the U.S. central bank remains on track to raise interest rates this year.The comments reassured investors that monetary policy has not altered significantly following the Fed’s decision to hold off hiking rates earlier this month.The Commerce Department said gross domestic product expanded at an annual rate of 3.9% in the second quarter, up from an initial estimate of 3.7%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.08% at 96.44.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5180 TARGET 1.5200 1.15230 SL 1.5150
  • SELL GBP/USD BELOW 1.5150 TARGET 1.5130 1.5100 SL 1.5180

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

29Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 40.72 points or 1.44% lower to 2791.92, taking the year-to-date performance to -17.03%.
  • The top active stocks today were SingTel, which declined 3.30%, OCBC Bank, which declined 2.02%, DBS, which declined 1.13%, UOB, which declined 1.28% and Ascendas Reit, with a 1.30% fall.
  • The FTSE ST Mid Cap Index declined 0.93%, while the FTSE ST Small Cap Index declined 0.81%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.02%. The two biggest stocks of the Index – China Everbright Water and SIIC Environment Holdings – ended 1.61% lower and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 4.08%. Silverlake Axis shares declined 7.76% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.38%), Spdr Gold Shares (-0.41%), Is Msci India 100 (-1.32%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.30%), Capitamall Trust (-0.79%), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : CN10500MBeCW151127 (-8.07%), STI 2950MBePW151231 (+10.31%), STI 3000MBeCW151231 (-14.58%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW160111 (-15.71%), DBS MB eCW160201 (-13.86%), KepCorp MBeCW160201 (-8.64%)

STOCK RECOMMENDATION :

  • BUY ORIENTAL GROUP [5F1] ABOVE 0.115 TARGET 0.118 0.123 SL 0.110

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

28Sep

Comex Trading Signals and Market News – 28 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Natural gas futures fell to session lows on Thursday after data showed that U.S. natural gas supplies rose more than expected last week.On the New York Mercantile Exchange, natural gas for delivery in October was last down 1.24% to $11.990 per million British thermal units. Prices were at around $2.556 prior to the release of the supply data.
  • Gold prices fell in Asia on Friday after Fed Chair Janet Yellen said that an interest rate hike this year is still very much on the cards.Yellen said she anticipates that it will be appropriate to raise short-term interest rates by the end of the year. Overnight, gold futures surged more than $20 an ounce as weak economic data weighed on the dollar, ahead of Janet Yellen’s first public appearance on Thursday night since the Federal Reserve held short-term interest rates at its current near-zero level last week.
  • Oil prices were steady at about $48 per barrel on Friday, pressured by a rise in the dollar, weak consumer data from Japan and after analysts from Standard & Poor’s ratings cut their oil price assumptions. Globally traded Brent futures were at $48.19 per barrel at 1124 GMT, up just 2 cents from their last close and erasing earlier Friday gains. U.S. West Texas Intermediate (WTI) futures were up 23 cents at $45.14 a barrel.

ECONOMY NEWS :

  • The U.S. central bank remains on track to begin raising interest rates later this year as long as inflation remains stable and the economy is strong enough to boost employment, said Federal Reserve Chairwoman Janet Yellen, Reuters reported Thursday. Yellen’s statements came just one week after Fed policymakers delayed a rate hike and voted to keep interest rates near zero.
  • Euro zone inflation and U.S. jobs data will offer clues to the health of major developed economies in the coming week while the malaise gripping emerging markets is expected to prompt India to cut interest rates. China may release monthly foreign exchange reserve data indicating how much more the central bank has spent on steadying the yuan following Aug.
  • The shock resignation of U.S. House Speaker John Boehner on Friday reduces the chances of a government shutdown next week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic data and commentary by Federal Reserve policymakers. “This significantly reduces the probability of a government shutdown next week,” Goldman Sachs (NYSE:GS) economists said in a note to clients on Friday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1148 TARGET 1153 1159 SL 1142
  • SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

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

28Sep
forex-trading3

IForex Market Trading Signals and News – 28 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – AUD/USD holds steady near 2-1/2 week lows
  • Forex – NZD/USD rises despite downbeat N.Z. trade balance
  • Forex – Yen weaker in Asia in light data day, NZ trade gap widens

GBP/USD
The pound edged lower against the U.S. dollar on Friday, re-approaching a three-week trough as new hopes for a U.S. rate hike before the end of the year sent the greenback broadly higher.GBP/USD hit 1.5206 during European morning trade, the session low; the pair subsequently consolidated at 1.5221, slipping 0.12%.Cable was likely to find support at 1.5168, the low of September 7 and resistance at 1.5369, the high of September 23.In a speech late Thursday, Fed Chair Janet Yellen said she expected the central bank to begin raising rates later in 2015, as long as inflation remained stable and the U.S. economy was strong enough to boost employment.The comments came after a string of U.S. data released on Thursday painted a mixed picture of the health of the economy.

EUR/USD
EUR/USD fell mildly on Friday, as currency traders reacted to relatively hawkish comments from Federal Reserve chair Janet Yellen hours earlier, providing a strong likelihood that the U.S. central bank will raise short-term interest rates over the next three months.The currency pair wavered between a range of 1.1117 and 1.1296, before settling at 1.1195, down 0.0037 or 0.33% on the session. The euro has now closed lower against the American dollar in five of the last seven sessions. For the week, the euro lost nearly 1% in value against its American counterpart. EUR/USD likely gained support at 1.1088, the low from September 4 and was met with resistance at 1.1625, the high from Aug. 25.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5210 TARGET 1.5230 1.5260 SL 1.5180
  • SELL GBP/USD BELOW 1.5170 TARGET 1.5150 1.5120 SL 1.5200

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

28Sep
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 13.1 points or 0.46% lower to 2832.64, taking the year-to-date performance to – 15.82%.
  • The top active stocks today were SingTel, which declined 1.62%, DBS, which declined 0.77%, OCBC Bank, which closed unchanged, UOB, which declined 0.84% and Global Logistic, with a 1.46% fall.
  • The FTSE ST Mid Cap Index declined 0.04%, while the FTSE ST Small Cap Index declined 0.07%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.94%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 1.92% higher and 1.43% lower respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.43%. SingTel shares declined 1.62% and StarHub rose 0.56%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (+1.34%), Sti Etf (-0.35%), Is Msci India 100 (+0.59%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+2.68%), Capitamall Trust (+0.79%), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSI22800MBeCW151029 (-12.50%), HSI21800MBeCW151029 (-8.15%), HSI19000MBePW151127 (+0.92%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-2.89%), OCBC Bk MBeCW160111 (-3.45%), KepCorp MBeCW160201 (-7.96%)

STOCK RECOMMENDATION :

  • BUY OSIM INTL ABOVE 1.650 TARGET 1.690 1.740 SL 1.600

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

25Sep

Comex Trading Signals and Market News – 25 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper futures fell to a three-week low on Thursday, as concerns over the health of China’s economy dampened appetite for the red metal.Copper for December delivery on the Comex division of the New York Mercantile Exchange inched hit an intraday low of $2.294 a pound, a level not seen since September 2, before trading at $2.302 during morning hours in London, up 0.6 cents, or 0.28%.
  • Gold futures edged higher early Thursday, as investors looked ahead to a speech by Federal Reserve Chair Janet Yellen scheduled later in the day for additional clarity on the bank’s decision last week to leave interest rates on hold. Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up $3.70, or 0.33%, to trade at $1,135.20 a troy ounce during European morning hours.
  • Crude oil prices gained in Asia on Thursday as investors took advantage of an overnight dip.On the New York Mercantile Exchange, WTI crude for November delivery traded up 0.67% to $44.77 a barrel.Overnight, U.S. crude futures reversed territory on Wednesday afternoon, falling by nearly 4%, as a considerable build in gasoline inventories offset a second consecutive weekly draw in crude stockpiles.

ECONOMY NEWS :

  • In addressing the public for the first time since the Federal Open Market Committee held its benchmark Federal Funds Rate at its current near-zero level last week, Janet Yellen said she anticipates that it will be appropriate to raise short-term interest rates by the end of the year.
  • Lockheed Martin (NYSE:LMT) said on Thursday that U.S. officials have approved its $9 billion takeover of Black Hawk helicopter maker Sikorsky Aircraft from United Technologies (NYSE:UTX).In a filing with the U.S. Securities and Exchange Commission, the company said authorities in Japan and South Korea had also approved the deal, but it was waiting for other regulatory approvals.The number of people who filed for unemployment assistance in the U.S. ticked higher last week, but remainied in territory consistent with a strengthening labor market.
  • Initial claims for state unemployment benefits rose by 3,000 to a seasonally adjusted 267,000 for the week ended September 19, the Labor Department said on Thursday. Analysts had expected jobless claims to rise by 7,000.t was the 29th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market .

TRADING STRATEGY :

  • BUY GOLD ABOVE 1147 TARGET 1152 1158 SL 1141
  • SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

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

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