Daily Archives: September 14, 2015

14Sep

Comex Trading Signals and Market News – 14 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Friday after Saudi Arabia dismissed the idea of an oil producer summit and as Gold- man Sachs (NYSE:GS) cut its crude forecasts.October Brent, the global oil benchmark, fell 65 cents to $48.24 a barrel by 0745 GMT after it settled up $1.31, or 2.8 percent, on Thursday.
  • Gold prices gained mildly in Asia on Friday with weekend data in China in focus and next week’s Federal Reserve meeting on interest rates.China will release retail sales and industrial production figures at the weekend.
  • Crude oil prices fell in Asia on Friday as investors looked ahead to weekend data from China on retail sales and industrial output and took gains from overnight.On the New York Mercantile Exchange, WTI crude for October delivery fell 0.65% to $45.62 a barrel.

ECONOMY NEWS :

  • LONDON (Reuters) – Investors pulled another $19 billion from equity funds over the past week as they sought safety in government bond funds, which have enjoyed the longest run of inflows in four years, Bank of America/Merrill Lynch said on Friday.
  • FRANKFURT (Reuters) – Economic growth in the euro zone is still too weak to create a sufficient number of jobs, European Central Bank Executive Board member Benoit Coeure told a French newspaper group EBRA on Friday. “Growth is still not strong enough to create a sufficient number of jobs,” Coeure told the group.
  • The Chinese currency will remain under pressure as long as U.S. interest rates are set to rise, analysts said. U.S. market rates have already risen in anticipation the Federal Reserve will raise its policy rate by the end of this year for the first time since 2006.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1111 TARGET 1116 1122 SL 1105
  • SELL GOLD BELOW 1108 TARGET 1103 1097 SL 1114

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

14Sep

IForex Market Trading Signals and News – 14 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie weaker after mixed weekend China data
  • Forex – Aussie up in early Asia, focus on China weekend data
  • Forex – Aussie weaker after mixed weekend China data

EUR/USD
EUR/USD surged to its highest level for the month of September on Friday, as currency traders gear up for the possibility of divergent monetary policies on each side of the Atlantic as early as next week if the Federal Reserve raises interest rates at Thursday’s FOMC meeting. The currency pair traded in a broad range between 1.1255 and 1.1350, before settling at 1.1338, up 0.0058 or 0.51%. The euro has now closed higher against its American counterpart for seven consecutive sessions, to enjoy one of its longest winning streaks of the year. EUR/USD ended Friday’s session at its highest closing level since August 25.

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 1.5385 TARGET 1.5365 1.5335 SL 1.5415

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

14Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 14 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 SARINE TECH ABOVE 1.410 TARGET 1.450 1.510 SL 1.350

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

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