Daily Archives: September 7, 2015

7Sep

Comex Trading Signals and Market News – 07 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold fell mildly on Friday amid a relatively flat dollar, as a mixed U.S. jobs report for the month of August provided few signals on the likelihood of a September rate hike by the Federal Reserve. 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 futures inched down on Friday amid a relatively flat dollar, as U.S. oil rigs fell for the first time in six weeks, marking its largest weekly decline since the start of the summer.
  • Oil prices fell on Friday, pushing benchmark North Sea Brent crude down towards $50 a barrel, after a cut in European growth forecasts heightened worries over the outlook for demand at a time of huge oversupply.

ECONOMY NEWS :

  • U.S. employers added 173,000 jobs in August, less than widely expected, but the unemployment rate still edged down to 5.1 percent, its lowest level since April 2008, the Labor Department said Friday. Meanwhile, wage growth – which has been stagnant for years — edged up slightly more than anticipated to 2.2 percent. .
  • Emerging markets have voiced concern about the possibility and timing of rate hikes by the Federal Reserve but a G20 communique from a meeting of finance chiefs in Turkey will not urge the U.S. central bank against such moves, a delegate said on Friday.
  • The Bank of Japan does not need to expand monetary policy in October even if it cuts its growth and price forecasts, as long as inflation expectations are well anchored, the IMF’s mission chief for Japan said on Friday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1124 TARGET 1129 1135 SL 1118
  • SELL GOLD BELOW 1121 TARGET 1116 1110 SL 1127

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

7Sep
forex-market-hours

IForex Market Trading Signals and News – 07 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen gains in Asia ahead of U.S. jobs, wages data disappoints
  • Forex – EUR/USD almost unchanged, near more than 2-week lows
  • Forex – GBP/USD falls to fresh 3-month lows, ECB weighs

EUR/USD
The euro was almost unchanged against the U.S. dollar on Friday, hovering close to more than two-week lows as the possibility for further easing measures by the European Central Bank weighed, while markets eyed upcoming U.S. jobs data.EUR/USD hit 1.1116 during late Asian trade, the session low; the pair subsequently consolidated at 1.1129.The pair was likely to find support at 1.1016, the low of August 19 and resistance at 1.1245, Thursday’s high.The single currency came under pressure after the ECB indicated on Thursday that it could expand its quantitative easing program amid increased downside risks to its inflation outlook.The ECB lowered its forecast for growth and inflation, citing oil prices and slowing growth in China.The comments came after the ECB kept its benchmark interest rate at a record-low 0.05%, in line with the consensus expectation.

GBP/USD
The pound fell to fresh three-month lows against the U.S. dollar, as the possibility for further easing measures by the European Central Bank weighed on sentiment and as investors were cautious ahead of the U.S. nonfarm payrolls report due later in the day.GBP/USD hit 1.5214 during European morning trade, the pair’s lowest since June 5; the pair subsequently consolidated at 1.5238, slipping 0.13%. Cable was likely to find support at 1.5188, the low of June 5 and resistance at 1.5314, Thursday’s high. The ECB indicated on Thursday that it could expand its quantitative easing program amid increased downside risks to its inflation outlook. The ECB lowered its forecast for growth and inflation, citing oil prices and slowing growth in China..The comments came after the ECB kept its benchmark interest rate at a record -low 0.05%, in line with the consensus expectation.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5260 TARGET 1.5280 1.5310 SL 1.5230
  • SELL GBP/USD BELOW 1.5155 TARGET 1.5135 1.5105 SL 1.5185

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

7Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 07 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 42.62 points or 1.47% lower to 2863.81, taking the year-to-date performance to -14.90%.
  • The top active stocks today were SingTel, which declined 0.27%, DBS, which declined 1.41%, Global Logistic, which declined 4.23%, UOB, which declined 1.95% and OCBC Bank, with a 1.12% fall.
  • The FTSE ST Mid Cap Index gained 0.02%, while the FTSE ST Small Cap Index declined 0.14%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 1.07%. The two biggest stocks of the Index – China Everbright Water and SIIC Environment Holdings – ended 2.13% lower and 2.42% lower respectively.
  • The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which slipped 2.07%. Hongkong Land Holdings shares declined 2.09% and Global Logistic Properties declined 4.23%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.69%), Spdr Gold Shares (-0.68%) s Msci India 100 (-2.07%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.81%) ,Capitacom Trust (unchanged) ,Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI22200MBeCW150929 (-14.71%) , HSI20800MBePW150929 (-1.50%) , HSI21800MBeCW151029 (-6.99%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-10.00%) , UOB MB eCW160111 (-15.48%) , OCBC Bk MBeCW160111 (-6.83%)

STOCK RECOMMENDATION :

  • BUY KEPPEL INFRA ABOVE 0.510 TARGET 0.530 0.570 SL 0.480

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

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