Daily Archives: September 8, 2015

8Sep

Comex Trading Signals and Market News – 08 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices eased in Asia Monday with trade seen thing with markets in the U.S. and Canada shut for a holiday. Gold for December delivery on the Comex division of the New York Mercantile Exchange dropped 0.27% at $1,118.40 a troy ounce.
  • Copper futures rose in choppy trade on Monday, as investors continued to monitor wild swings in China’s equity markets. Copper prices have been under heavy selling pressure in recent weeks as fears of a China-led global economic slowdown spooked traders and rattled sentiment.
  • Oil futures extended losses from the prior session on Monday, 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 :

  • China on Monday revised its 2014 GDP growth figure to 7.3 percent from a previously reported 7.4 percent. The revision comes just a day after China’s Finance Minister Lou Jiwei said that the country’s overall GDP growth would remain at approximately 7 percent.
  • Japanese Prime Minister Shinzo Abe looks set to win a rare second consecutive term but economists predict he won’t use that victory to push through bold reforms such as labor market changes that are considered vital for long-term growth.
  • The combined assets of the world’s largest 300 pension funds grew more than 3 percent in 2014 to a new high of more than $15 trillion, driven by retirement saving in North America and Europe, a study showed on Monday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1123 TARGET 1128 1134 SL 1117
  • SELL GOLD BELOW 1118 TARGET 1113 1107 SL 1124

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

8Sep

IForex Market Trading Signals and News – 08 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar edges lower vs. rivals in quiet trade
  • Forex-Kiwi re-approaches 6-year low against greenback
  • Forex – Aussie jumps in Asia on AIG construction, ANZ job ads

EUR/USD
The Australian dollar rose off a six-year trough against its U.S. counterpart on Monday, supported by the release of upbeat job advertisement data from Australia, although hopes for a U.S. rate hike this month continued to lend support to the greenback. AUD/USD hit 0.6949 during late Asian trade, the session high; the pair subsequently consolidated at 0.6930, gaining 0.31%. The pair was likely to find support at 0.6901, Friday’s low and a six-year trough and resistance at 0.7023, Friday’s high. Data earlier showed that job advertisements in Australia increased by 1.0% last month after a 0.5% slip in July, whose figure was revised from a previously estimated 0.4% fall.In the U.S., the Labor Department reported on Friday that the economy added 173,000 jobs last month, slowing after an upwardly revised gain of 245,000 in July. It was the smallest increase in employment in five months and was below expectations for 220,000.

AUD/USD
The bid tone around the GBP/USDpair keeps increasing as we progress towards the European afternoon as markets appear to unwind ahead of BOE Super Thursday scheduled later this week. The GBP/USD pair trades 0.61% higher at 1.5262, retracing from fresh session highs reached at 1.5279. The cable keeps its upbeat momentum intact as markets continue to lock-in gains on their GBP shorts after the recent UK data-led slump with the attention shifting towards UK fundamentals to be reported in the week ahead. The British pound was hammered to fresh four-month lows of 1.5160 versus the US dollar last week following a better US jobs report coupled with a series of weak PMI reports from the UK. Markets now turn their attention towards the latter half of the week especially the ‘Super Thursday’ as trading is expected to be in a narrow range amid a data-dry EUR calendar empty while the US remains closed for the Labor Day holiday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5300 TARGET 1.5320 1.5350 SL 1.5270
  • SELL GBP/USD BELOW 1.5270 TARGET 1.5250 1.5220 SL 1.5300

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

8Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 08 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 11.4 points or 0.4% lower to 2852.41, taking the year-to-date performance to -15.24%.
  • The top active stocks today were DBS, which declined 0.34%, SingTel, which declined 0.54%, Global Logistic, which declined 0.98%, OCBC Bank, which declined 0.34% and UOB, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.72%, while the FTSE ST Small Cap Index declined 0.55%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which declined 0.22%. The two biggest stocks of the Index – Jardine Cycle & Carriage and Singapore Airlines – ended 1.93% lower and 0.10% lower respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 3.35%. Midas Holdings shares remained unchangedand NSL declined 1.08%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-1.36%),Sti Etf (unchanged), Spdr Gold Shares (-0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : CapitaMall Trust (-0.53%), Ascendas Reit (-0.46%), Capitacom Trust (-0.38%)
  • The most active index warrants by value today were : HSI20800MBePW150929 (+6.60%), HSI22200MBeCW150929 (-25.86%), CN8500MBePW160226 (unchanged)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-2.61%), OCBC Bk MBeCW160111 (-2.00%),UOB MB eCW160111 (+2.29%).

STOCK RECOMMENDATION :

  • BUY CORDLIFE GROUP ABOVE 1.280 TARGET 1.320 1.380 SL 1.220

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