Daily Archives: September 10, 2015

10Sep

Comex Trading Signals and Market News – 10 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled on Wednesday, as strong gains in global equity markets dampened demand for the yellow metal. Gold prices were also weighed amid ongoing uncertainty about whether the Federal Reserve will increase interest rates later this month when it meets on September 16-17.
  • Copper futures extended strong gains from the prior session on Wednesday to hit the highest level in more than seven weeks as indications of steady demand from China and news of global production cuts boosted prices.
  • Crude oil prices remained steady but at low levels in early Asian trading on Wednesday as concerns remained that high global production was being met by increasingly slowing demand.

ECONOMY NEWS :

  • German Chancellor Angela Merkel said on Wednesday that the euro zone economy was in better shape than a year ago and said reform efforts by countries like Spain and Ireland had paid off. “If we look at the euro zone as a whole, we can say that there is an economic recovery, the situation is better than a year ago,” Merkel told the Bundestag lower house of parliament.
  • China’s economic fundamentals are healthy, the head of the country’s top economic planner said on Wednesday.”China has contributed around 30 percent of the world’s economic growth,” Xu Shaoshi, chairman of the National Development and Reform Commission (NDRC), said at the World Economic Forum (WEF), the Swiss-based corporate think-tank which runs the Davos summit of world leaders.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1109 TARGET 1114 1120 SL 1103
  • SELL GOLD BELOW 1105 TARGET 1100 1094 SL 1111

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

10Sep

IForex Market Trading Signals and News – 10 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling falls to day’s lows after disappointing U.K. data
  • Forex – Aussie holds gains amid downbeat survey, data and RBA remarks
  • Forex – Dollar higher against yen as risk appetite recovers

USD/JPY
The dollar moved higher against the yen on Wednesday as the prospect of more economic stimulus by China bolstered risk appetite and dampened demand for the safe haven yen. USD/JPY rose 0.74% to 120.70, off overnight lows of 119.8.Japan’s Nikkei posted the largest one day percentage gain in seven years on Wednesday after China’s finance ministry said late Tuesday that it would implement fresh measures to stimulate economic growth.Chinese equeties rallied as the announcement alleviated concerns over slowing growth, driving broader gains in regional equity markets and in commodity markets.The dollar was also higher against the euro, with EUR/USD dipping 0.17% to 1.1182.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.25% to 96.08.

GBP/USD
The pound fell to session lows against the dollar on Wednesday after data showing that U.K. industrial output unexpectedly fell in July and another report showing that the country’s trade deficit widened sharply.GBP/USD was down 0.26% to 1.5355 from around 1.5398 ahead of the data.The drop in the pound came after the Office for National Statistics said U.K. industrial production fell by 0.4% in July and rose just 0.8% from a year earlier. Manufacturing production declined 0.8% in July, the largest drop since May 2014 and was 0.5% lower on a year-over-year basis.The sharp drop came as output fell sharply at transport equipment makers and manufacturers of basic metals & metal products, the report said.A separate report from the ONS showed that the U.K.’s trade gap widened sharply in July.The deficit in goods widened to £11 billion, the largest shortfall since July 2014, as exports tumbled by almost 10%.

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.

10Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 10 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 42.86 points or 1.49% higher to 2928.18, taking the year-to-date performance to -12.99%.
  • The top active stocks today were SingTel, which gained 3.29%, DBS, which gained 1.47%, UOB, which gained 2.59%, OCBC Bank, which gained 1.67% and Global Logistic, with a 1.96% advance.
  • The FTSE ST Mid Cap Index gained 1.30%, while the FTSE ST Small Cap Index rose 1.49%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 3.13%. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation – ended 6.36% higher and 0.48% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.49%. Silverlake Axis shares declined 0.92% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (+1.02%), Dbxt Ft China 25 Etf 10 (+3.89%), Ishares Usd Asia Hy Bond Etf (-0.10%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+3.24%), Capitamall Trust (+1.60%), Capitacom Trust (+2.27%)
  • The most active index warrants by value today were : HSI22200MBeCW150929 (+56.94%), HSI20600MBePW151029 (-26.32%), HSI20800MBePW150929 (-36.84%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (+5.49%), OCBC Bk MBeCW160111 (+7.45%), UOB MB eCW160111 (+16.55%)

STOCK RECOMMENDATION :

  • BUY QT VASCULAR ABOVE 0.103 TARGET 0.105 0.110 SL 0.96

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