Daily Archives: September 2, 2015

2Sep

Comex Trading Signals and Market News – 02 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell sharply on Tuesday after official data showed China’s giant manufacturing sec- tor, one of the main engines powering the world’s biggest energy consumer, contracted at its fastest pace in three years.
  • Gold futures rallied on Tuesday, as steep losses in global equity markets supported demand for the yellow metal.
  • Copper prices fell on Tuesday, after a pair of reports on China’s manufacturing sector added to concerns over a deepening slowdown in the world’s second largest economy.

ECONOMY NEWS :

  • Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations.
  • Market sentiment weakened after a pair of reports on China’s manufacturing sector added to indications that the world’s second largest economy is losing momentum.
  • The number of Japanese nuclear reactors likely to restart in the next few years has halved, hit by legal challenges and worries about meeting tougher safety standards imposed in the wake of the Fukushima disaster.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1140 TARGET 1145 1151 SL 1134
  • SELL GOLD BELOW 1137 TARGET 1131 1125 SL 1144

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

2Sep

IForex Market Trading Signals and News – 02 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – Euro holds modest gains after euro zone inflation data
  • FOREX – Dollar lower against euro, yen amid fresh weakness in equities
  • FOREX – Aussie slips lower against greenback

AUD/USD
.The Australian dollar was almost unchanged against its U.S. counterpart on Tuesday, after the Reserve Bank of Australia left interest rates unchanged and the release of upbeat Australian data.AUD/USD hit 0.7154 during late Asian trade, the session high; the pair subsequently consolidated at 0.7115. The pair was likely to find support at 0.7067, the low of August 26 and resistance at 0.7174, Monday’s high. In a widely expected move, the RBA held its benchmark interest rate at a record-low 2.00% on Tuesday. Commenting on the decision, RBA Governor Glenn Stevens said the now four-month long pause on rates was “appropriate” given the moderately growing Australian economy. Separately, the Australian Bureau of Statistics reported that building approvals increased by 4.2% in July, beating expectations for a 2.5% rise. Building approvals declined by 5.2% in June, whose figure was revised from a previously estimated drop of 8.2%.

NZD/USD
New Zealand dollar was higher against its U.S. counterpart on Tuesday, but gains were expected to remain limited as investors turned their attention to the Federal Reserve’s policy meeting this month amid heightened expectations for a rate hike. NZD/USD hit 0.6390 during late Asian trade, the session high; the pair subsequently consolidated at 0.6371, up 0.50%.The pair was likely to find support at 0.6316, Monday’s low and resistance at 0.6481, Monday’s high. The greenback had found support after Fed Vice Chairman Stanley Fischer said Friday it was still too early to decide whether to raise interest rates from near zero at the bank’s September meeting. Market participants were looking ahead to the release of U.S. manufacturing data due later in the day, for further indications on the strength of the economy and the possibility of a rate hike this month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5340 TARGET 1.5360 1.5390 SL 1.5310
  • SELL GBP/USD BELOW 1.5290 TARGET 1.5270 1.5240 SL 1.5320

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

2Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 02 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 38.67 points or 1.32% lower to 2882.77, taking the year-to-date performance to -14.33%.
  • The top active stocks today were DBS, which declined 1.63%, SingTel, which declined 0.80%, UOB, which declined 0.93%, OCBC Bank, which declined 1.23% and Keppel Corp, with a 1.32% fall.
  • The FTSE ST Mid Cap Index declined 1.70%, while the FTSE ST Small Cap Index declined 1.48%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.19%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 2.68% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 3.76%. China Everbright Water shares declined 1.39% and SIIC Environment Holdings declined 4.14%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-2.90%),Sti Etf (-1.68%),Dbxt Ft China 25 Etf 10 (-3.98%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitacom Trust (-2.26%),Capitamall Trust (-1.04%) Ascendas Reit (-2.24%)
  • The most active index warrants by value today were : HSI20800MBePW150929 (+25.34%),HSI22200MBeCW150929 (-32.23%),HSI22800MBeCW151029 (-27.08%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-14.53%),OCBC Bk MBeCW160111 (-14.37%),KepCorp MBeCW160201 (-9.80%)

STOCK RECOMMENDATION :

  • BUY JAYA HOLDINGS ABOVE 0.034 TARGET 0.037 0.045 SL 0.030

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

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