Daily Archives: September 16, 2015

16Sep

Comex Trading Signals and Market News – 16 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil edged further above $46 a barrel on Tuesday, supported by the prospect of lower U.S. inventories and production although concern about weaker Asian demand kept prices in check.While analysts expect reports this week to show no change in U.S.
  • Gold prices held steady in European morning hours on Tuesday, as markets were jittery ahead of the Federal Reserve’s policy statement this week amid growing uncertainty over a potential rate hike
  • Crude oil gained in early Asia on Tuesday with investors focused on U.S. stockpile estimates from the American Petroleum Institute later in the day.

ECONOMY NEWS :

  • On the New York Mercantile Exchange, WTI crude for October delivery rose 0.17% to $44.16 a barrel.A rise in market expectations for U.S. interest rates as the Federal Reserve starts to normalize policy could cut capital inflows to emerging markets by as much as 45 percent, World Bank economists said in a paper published on Tuesday.
  • Savun Sim looked dejected as a large plastic vacuum hose sucked 2,600 pounds of wild Gulf of Mexico shrimp from his trawler’s ice hold.
  • For the nation’s largest banks, it’s a $10 billion question: Will the U.S. Federal Reserve bump up interest rates in its upcoming meeting, or keep them scraping zero? If the Fed’s decision-makers opt to raise rates in the near term, it will be lucrative for banks’ central business of taking deposits and making loans.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1106 TARGET 1111 1117 SL 1101
  • SELL GOLD BELOW 1102 TARGET 1097 1091 SL 1108

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

16Sep
forex-trading3

IForex Market Trading Signals and News – 16 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen gains as BoJ holds steady as expected, repeats CPI view
  • Forex – Aussie weaker after RBA minutes discuss impact of China slowdown
  • Forex – USD/JPY lower after BoJ holds, Fed in focus

GBP/USD
The pound edged higher against the U.S. dollar on Tuesday, after data showed that U.K. consumer prices rose in line with expectations last month, while sentiment on the green- back remained vulnerable ahead of the Federal Reserve’s policy statement this week. GBP/USD hit 1.5457 during European morning trade, the session high; the pair subsequently consolidated at 1.5451, adding 0.16%.Cable was likely to find support at 1.5335, the low of September 10 and resistance at 1.5507, the high of August 27.The U.K. Office for National Statistics reported on Tuesday that the consumer price indexrose 0.2% last month, in line with expectations, after a 0.2% fall in July.

GBP/USD
The U.S. dollar dropped against the yen on Tuesday, after the Bank of Japan left its monetary policy unchanged and investors remained cautious ahead of the Federal Reserve’s policy statement due on Thursday.USD/JPY hit 119.75 during late Asian trade, the pair’s lowest since September 8; the pair subsequently consolidated at 119.77, sliding 0.40%. The pair was likely to find support at 118.83, the low of September 8 and resistance at 120.83, Monday’s high.Earlier Tuesday, the BoJ said it had not changed its policy calling for ¥80 trillion in annual asset purchases by the central bank, to help spur inflation and stimulate growth. The yen was higher against the euro, with EUR/JPY declining 0.40% to 135.48.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5360 TARGET 1.5380 1.5410 SL 1.5330
  • SELL GBP/USD BELOW 1.5330 TARGET 1.5310 1.5280 SL 1.5360

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

16Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 16 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 29.53 points or 1.03% lower to 2841.94, taking the year-to-date performance to -15.55%.
  • The top active stocks today were Olam Intl, which gained 0.76%, DBS, which declined 0.74%, Global Logistic, which declined 1.44%, SingTel, which declined 1.08% and UOB, with a 0.92% fall.
  • The FTSE ST Mid Cap Index declined 0.26%, while the FTSE ST Small Cap Index declined 0.43%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 3.71%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 8.00% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 1.63%. Jardine Matheson Holdings shares declined 2.20%and Jardine Strategic Holdings declined 3.10%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.02%), Dbxt Msci Asia Ex Japan Etf 10 (unchanged), Dbxt Csi300 Etf 10 (-4.69%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitacom Trust (+0.39%), Ascendas Reit (-0.46%), Capitamall Trust (-0.27%)
  • The most active index warrants by value today were : HSI22200MBeCW150929 (-19.67%), HSI20800MBePW150929 (+4.55%), HSI22800MBeCW151029 (-12.00%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-7.10%), KepCorp MBePW160201 (+5.16%), OCBC Bk MBeCW160111 (-4.49%)

STOCK RECOMMENDATION :

  • BUY SARINE TECH ABOVE 1.500 TARGET 1.540 1.600 SL 1.440

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

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