Daily Archives: September 3, 2015

3Sep

Comex Trading Signals and Market News – 03 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were modestly higher on Wednesday, as market players looked ahead to the release of key U.S. data later in the session amid ongoing uncertainty over the timing of a Federal Reserve rate hike.
  • Copper futures struggled for direction on Wednesday, as investors focused on the deteriorating out-look for China and its impact on the global economy.
  • West Texas Intermediate oil futures extended heavy losses from the prior session 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.

ECONOMY NEWS :

  • Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and normalizing them now could create “self-inflicted financial instability.”
  • Market players looked ahead to the release of key U.S. data later in the session amid ongoing uncertainty over the timing of a Federal Reserve rate hike.
  • The Shanghai Composite took investors on another volatile ride on Wednesday, tumbling by as much as 4.6% after the open, before paring losses after the midday break to end down 0.4%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1134 TARGET 1139 1145 SL 1128
  • SELL GOLD BELOW 1132 TARGET 1127 1121 SL 1138

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

3Sep
Forex Signals

IForex Market Trading Signals and News – 03 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – NZD/USD rises but gains capped by Asia volatility
  • Forex – AUD/USD rises off 6-year lows, but Australia GDP weighs
  • Forex – Dollar rises vs. rivals despite ongoing China concerns

AUD/USD
.The Australian dollar rose off fresh six-year lows against the U.S. dollar on Wednesday, but gains were expected to remain limited as data earlier showed that Australia economy grew at a slower pace than expected in the second quarter.AUD/USD hit 0.7047 during late Asian trade, the session high; the pair subsequently consolidated at 0.7039, rising 0.33%.The pair was likely to find support at 0.6854 and resistance at 0.7156, Tuesday’s high. The Australian Bureau of Statistics reported on Wednesday that the country’s gross domestic product rose 0.2% in the three months to June, compared to expectations for a 0.4% growth rate. Australia’s economy expanded by 0.9% in the first quarter. The data came a day after the Reserve Bank of Australia held its benchmark interest rate at a record-low 2.00%, saying that the now four-month long pause on rates was “appropriate” given the moderately growing Australian economy. Meanwhile, investors remained cautious amid ongoing volatility on Asian equity markets. Shares in Shanghai plunged over 4% at the open of trading on Wednesday.

NZD/USD
The New Zealand dollar was higher against its U.S. counterpart on Wednesday, but continued to hover close to a recent six-year trough as concerns over a global economic slowdown sparked by difficulties in China continued to weigh broadly on sentiment.NZD/USD hit 0.6369 during late Asian trade, the session high; the pair subsequently consolidated at 0.6360, gaining 0.47%.The pair was likely to find support at 0.6244, the low of August 24 and a six-year trough and resistance at 0.6481, the high of August 31.Investors remained cautious amid ongoing volatility on Asian equity markets. Shares in Shanghai plunged over 4% at the open of trading on Wednesday. Market volatility increased after data on Tuesday showed that manufacturing activity in China contracted at its fastest rate in three years in August, while service sector activity also slowed. The weak data fueled fears over a worsening slowdown in the world’s second-largest economy. Australia’s economy expanded by 0.9% in the first quarter.On a yearly basis, Australia’s GDP increased by 2.0% in the second quarter, disappointing expectations for a 2.2% gain.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5350 TARGET 1.5370 1.5400 SL 1.5320
  • SELL GBP/USD BELOW 1.5250 TARGET 1.5230 1.5200 SL 1.5280

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

3Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 03 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4.64 points or 0.16% lower to 2878.13, taking the year-to-date performance to – 14.47%.
  • The top active stocks today were SingTel, which declined 1.08%, DBS, which gained 0.80%, OCBC Bank, which gained 0.45%, UOB, which gained 0.31% and CapitaLand, with a 0.36% fall.
  • The FTSE ST Mid Cap Index declined 0.23%, while the FTSE ST Small Cap Index declined 0.14%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.78%. The two biggest stocks of the Index – China Everbright Water and SIIC Environment Holdings – ended 1.41% lower and 1.85% higher respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 1.64%. Wilmar International shares declined 1.78%and Thai Beverage declined 2.82%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.75%),Spdr Gold Shares (-0.05%),Dbxt Ft China 25 Etf 10 (-0.68%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-1.84%),Capitacom Trust (+0.39%),Ascendas Reit (-0.92%)
  • The most active index warrants by value today were : HSI19600MBePW151029 (+18.92%),HSI22200MBeCW150929 (-17.07%),HSI20800MBePW150929 (+9.29%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (+2.22%),DBS MB eCW160201 (+5.88%),OCBC Bk MBeCW160111 (+2.01%)

STOCK RECOMMENDATION :

  • BUY RH PETROGAS ABOVE 0.162 TARGET 0.190 0.230 SL 0.135

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