Daily Archives: September 11, 2015

11Sep

Comex Trading Signals and Market News – 11 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled near the lowest level in four weeks on Thursday, amid worries the Federal Reserve will increase interest rates when it meets on September 16-17. Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up $4.30, or 0.39%, to trade at $1,106.30 a troy ounce during European morning hours.
  • Copper futures held near the prior session’s seven-week high on Thursday, as weak China inflation data reinforced views that Beijing will roll out fresh support measures soon for the world’s second largest economy.
  • Oil prices edged higher on Thursday ahead of weekly U.S. stocks data, despite fresh signs of an economic slowdown in China and Japan that fueled concerns growth could be grinding to a halt. Crude prices have fallen more than 3 percent this week on persistent worries over global demand and a supply glut.

ECONOMY NEWS :

  • The U.S. Justice Department has issued new guidelines that emphasize prosecuting individual executives in white-collar crime cases, and not just their corporations.
  • NEW YORK/SAN JUAN (Reuters) – Puerto Rico’s new plan to haul itself out of a huge financial hole is long on ifs and buts and short on confident predictions.
  • Brazil was awarded an investment-grade rating by S&P in April 2008, when the country’s economy was on the rise. However, since then, a plunge in commodity prices — mainly caused by a drop in Chinese demand — coupled with stringent austerity measures implemented by President Dilma Rousseff’s administration, has created a recession in the country.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1113 TARGET 1118 1124 SL 1107
  • SELL GOLD BELOW 1110 TARGET 1105 1099 SL 1116

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

11Sep
Forex Signals

IForex Market Trading Signals and News – 11 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar higher against yen, kiwi tumbles after rate cut
  • Forex – Aussie holds weaker despite solid jobs data with eye on China
  • Forex – Kiwi down sharply on RBNZ rate cut to 2.75%, Aussie also weaker

EUR/USD
EUR/USD rose considerably on Thursday for its sixth straight winning session, as disappointing U.S. import-export data added further confusion as to whether the Federal Reserve will raise interest rates later next week. The currency pair traded in a broad range between 1.1132 and 1.1295 before settling at 1.1279, up 0.0072 or 0.64% on the session. The euro ended the day at its highest closing level against the dollar in more than a week. EUR/USD has gained nearly 3% in value over the last month of trading. While the euro’s daily gains versus its American counterpart during the recent streak have been modest, Thursday’s move marked the pair’s sharpest appreciation over the period.

AUD/USD
The Aussie held stronger on Friday in Asia with no major data shceduled and investors on hold ahead of weekend Chinese retail sales and industrial production for August. AUD/USD traded at 0.7075, up 0.13%, while USD/JPY changed hands at 120.87, up 0.22%. The U.S. dollar index, which measures the greenback against a trade-weighted basket of currencies, was flat at 95.55. Overnight, the dollar slipped lower against the other major currencies on Thursday amid ongoing uncertainty over whether the Federal Reserve will hike rates this month following the release of weak U.S. inflation data.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5475 TARGET 1.5495 1.5525 SL 1.5445
  • 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.

11Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 11 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 40.15 points or 1.37% lower to 2888.03, taking the year-to-date performance to -14.18%.
  • The top active stocks today were DBS, which declined 1.34%, Singtel, which declined 1.33%, UOB, which declined 1.67%, Global Logistic, which declined 2.40% and OCBC Bank, with a 1.31% fall.
  • The FTSE ST Mid Cap Index declined 1.01%, while the FTSE ST Small Cap Index declined 1.07%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which declined 0.65%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 1.46% higher and 1.50% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.33%. Keppel Corp shares declined 2.14% and Sembcorp Industries declined 3.42%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares Usd Asia Hy Bond ETF (-0.30%), STI ETF (-1.01%), DBXT MSCI Indonesia ETF (-1.06%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.35%), CapitaLand Commercial Trust (-2.59%), CapitaLand Mall Trust (-1.05%)
  • The most active index warrants by value today were : HSI22200MBeCW150929 (-34.51%),HSI20800MBePW150929 (+27.38%), CN10000MBePW150929 (+5.73%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-5.20%),OCBC Bk MBeCW160111 (-5.20%),UOB MB eCW160111 (-11.73%)

STOCK RECOMMENDATION :

  • BUY CORDLIFE GROUP ABOVE 1.450 TARGET 1.500 1.550 SL 1.390

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

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