Daily Archives: September 9, 2015

9Sep

Comex Trading Signals and Market News – 09 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures declined on Tuesday, as sentiment was boosted amid a global stock market rally, despite grim trade data from China that caused further volatility in Asian markets.
  • Crude oil futures were mixed in choppy trade on Tuesday, as a refinery closure weighed on West Texas Intermediate prices while Brent edged higher, tracking strong gains in global equity markets.
  • Copper futures rallied on Tuesday, as strong gains in China’s equity markets boosted sentiment.
  • Oil prices remained weak on Tuesday as the global economic outlook darkened further and cooperation between oil producing countries to curb oversupply looked unlikely.

ECONOMY NEWS :

  • German Finance Minister Wolfgang Schaeuble said on Tuesday that central bank policy could do little to help the economy when people and states take on too much debt.
  • China’s imports tumbled in August, raising concerns about the health of the world’s second-largest economy and its contribution to global growth
  • Greek banks’ bad loans, which peaked after capital controls were imposed in late June, have dipped to around 45 percent of their loan books and are likely to fall further, daily newspaper Kathimerini said on Tuesday, citing bankers’ estimates.
  • Japan’s blue-chip Nikkei stock index closed down 2.5% on Tuesday, moving into negative territory for the year, as weak Chinese trade data underlined concerns about slowing demand for Japanese exports from China

TRADING STRATEGY :

  • BUY GOLD ABOVE 1125 TARGET 1130 1136 SL 1119
  • SELL GOLD BELOW 1122 TARGET 1117 1111 SL 1128

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

9Sep

IForex Market Trading Signals and News – 09 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Pound rises to 1-week highs vs. weaker dollar
  • Forex – Dollar moves lower vs. euro, yen with all eyes on Fed
  • Forex – Yen weaker despite GDP, current account better than expected

EUR/USD
The dollar moved lower against the euro and the yen on Tuesday, as uncertainty over the timing of a rate hike by the Federal Reserve mounted ahead of the central bank’s policy meeting scheduled next week. EUR/USD gained 0.42% to trade at 1.1218, the highest level since September 3. Sentiment on the greenback remained vulnerable after Friday’s U.S. jobs report failed to provide much clarity on when the Fed will decide to raise short term interest rates. EUR/USD gained 0.42% to trade at 1.1218, the highest level since September 3. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.38% at 95.77, the lowest level since September 4. Earlier Tuesday, data showed that Japan’s second quarter gross domestic product fell 0.3%, less than the 0.4% expected drop.

GBP/USD
The pound rose to one-week highs against the U.S. dollar on Tuesday, as sentiment on the greenback remained vulnerable ahead of the Federal Reserve’s highly-anticipated policy meeting scheduled next week. GBP/USD hit 1.5389 during European morning trade, the pair’s highest since September 1; the pair subsequently consolidated at 1.5342, gaining 0.42%.Cable was likely to find support at 1.5168, Monday’s low and resistance at 1.5407, the high of September 1. Sentiment on the greenback remained vulnerable after Friday’s U.S. jobs report failed to provide much clarity on when the Fed will decide to raise short term interest rates. Market participants were also lookig ahead to the Bank of England’s upcoming policy statement on Thursday, for further indications on whether or not it plans to raise interest rates in the near future.Sterling was also higher against the euro, with EUR/GBP shedding 0.37% to 0.7283.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5445 TARGET 1.5465 1.5495 SL 1.5415
  • SELL GBP/USD BELOW 1.5370 TARGET 1.5350 1.5320 SL 1.5400

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

9Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 32.91 points or 1.15% higher to 2885.32, taking the year-to-date performance to -14.26%.
  • The top active stocks today were DBS, which gained 1.49%, SingTel, which declined 0.55%, Global Logistic, which gained 0.99%, OCBC Bank, which gained 1.81% and Wilmar Intl, with a 1.14% fall.
  • The FTSE ST Mid Cap Index gained 1.21%, while the FTSE ST Small Cap Index rose 0.89%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 2.66%. The two biggest stocks of the Index – China Everbright Water and SIIC Environment Holdings – ended 1.52% higher and 4.40% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.35%. SingTel shares declined 0.55% and StarHub rose 1.69%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+1.37%), Sti Etf (+1.03%),Dbxt Msci China Trn Etf 10 (+4.25%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged), Capitamall Trust (-0.27%), Capitacom Trust (+1.54%)
  • The most active index warrants by value today were : HSI20800MBePW150929 (-36.67%),HSI22200MBeCW150929 (+67.44%),HSI21800MBeCW151029 (+42.24%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (+10.07%),OCBC Bk MBeCW160111 (+9.52%), KepCorp MBeCW160201 (+10.71%)

STOCK RECOMMENDATION :

  • BUY YANLORD LAND ABOVE 1.040 TARGET 1.080 1.140 SL 0.980

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

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