Daily Archives: September 4, 2015

4Sep
Forex Signals

IForex Market Trading Signals and News – 04 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – NZD/USD slips lower in cautious trade
  • Forex – AUD/USD drops near 6-year lows after Australian data
  • Forex – Dollar holds steady, U.S. jobless report on tap

GBP/USD
The GBP/USD pair trades -0.18% lower at 1.5274, bouncing-off lows reached at 1.5241 post the UK data release. The offered tone surrounding the cable reduces as the GBP traders locked-in gains on their shorts after the major fell to fresh three-month lows. While, GBP/USD also attempts recovery as calm spreads across the FX board ahead of the ECB meeting with greenback muted against its major competitors. However, the British currency is likely to remain undermined against the US dollar as the recent series of downbeat UK macro releases continue to sour the sentiment around sterling. Earlier this session, GBP/USD tumbles to the lowest levels in three month after the UK services sector activity worsened in August adding to the recent poor manufacturing and construction PMI reports. Meanwhile, focus now shifts to the upcoming ECB decision ahead of a set of crucial economic releases from the US due later yesterday.

EUR/USD
The EUR/USD pair failed to sustain the EZ PMIs-led gains and retreated to the familiar range near 1.1220 levels as the EUR,GBP traders gear up for the ECB event due later shortly. The EUR/USD pair trades modestly flat at 1.1223, facing rejection at 1.1243 session highs. The major trades in 50 pip narrow range during the European session, awaiting the outcome of the ECB meeting and Draghi’s speech at the press conference. Moreover, persisting risk sentiment further boosted by strengthening European indices, continue to favour the newly crowned risk currency – US dollar, negatively weighing on the EUR/USD pair. Focus now shifts back towards the European Central Bank (ECB) meeting with markets expecting a clear dovish bias from the ECB policymakers in light of the recent financial market turmoil and persisting lower EZ inflation levels. Markets further expect that the central bank may talk down the currency in a bid to combat softer inflation.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5255 TARGET 1.5275 1.5305 SL 1.5225
  • SELL GBP/USD BELOW 1.5215 TARGET 1.5195 1.5165 SL 1.5245

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

4Sep

Comex Trading Signals and Market News – 04 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled for direction on Thursday, as investors awaited the conclusion of the European Central Bank’s monthly policy meeting later in the session as well upcoming data on U.S. Employment..
  • Copper futures extended gains from the prior session to hit a one-week high on Thursday, as a sharp rebound on Wall Street overnight helped soothe investors’ tattered nerves.
  • Crude prices fell in Asia on Thursday as investors increasingly weight the prospect of a stronger dollar on a likely Federal Reserve rate hike this year and continued global oversupply.On the New York Mercantile Exchange,

ECONOMY NEWS :

  • The European Central Bank is set to cut its inflation forecasts on Thursday but hold back from concrete policy action, promising only to beef up its bond-buying program if growth and inflation prospects weaken further.
  • U.S. Treasury Secretary Jack Lew said financial market turmoil has yet to cause enough stress in financial institutions to warrant concern, CNBC reported on Thursday.
  • Since seeing the signs of recovery in the US, we have been hearing that the US rates rise is just around the corner.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1125 TARGET 1130 1136 SL 1119
  • SELL GOLD BELOW 1123 TARGET 1118 1112 SL 1129

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

4Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 28.3 points or 0.98% higher to 2906.43, taking the year-to-date performance to -13.63%.
  • The top active stocks today were SingTel, which gained 0.82%, DBS, which gained 0.80%, UOB, which gained 1.40%, OCBC Bank, which gained 1.13% and CapitaLand, with a 0.36% advance.
  • The FTSE ST Mid Cap Index gained 0.55%, while the FTSE ST Small Cap Index rose 0.24%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.87%. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation – ended 3.04% higher and 0.49% lower respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.65%. Silverlake Axis shares declined 1.75% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.44%),Spdr Gold Shares (-0.72%),Sti Etf (+1.02%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+1.61%),Capitacom Trust (unchanged) Ascendas Reit (+2.32%)
  • The most active index warrants by value today were : STI 2950MBePW151231 (-5.94%),STI 3150MBeCW151231 (+7.50%),STI 2800MBePW151231 (-6.49%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (+4.94%),UOB MB eCW160111 (+12.32%),DBS MB eCW160111 (+8.54%)

STOCK RECOMMENDATION :

  • BUY MAPLETREE INDUSTRIES ABOVE 1.540 TARGET 1.580 1.650 SL 1.480

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