Daily Archives: September 17, 2015

17Sep

Comex Trading Signals and Market News – 17 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices extended gains in early trading in Asia on Wednesday after U.S. prices were boosted by a stockpile draw, while a warning by OPEC producer Iraq that it may slow spending on new fields pushed up international crude contracts.
  • Gold struggled to break out of a tight range near its one-month low on Wednesday, as investors waited to hear on the outlook of U.S. interest rates from a Federal Reserve policy meet that kicks off later in the session.
  • Crude supplies fell 3.1 million barrels in the U.S. last week, according to the American Petroleum Institute late Tuesday, signalling that refineries are ramping up for winterheating oil demand. Data for refined products was not immediately available.

ECONOMY NEWS :

  • Organisation for Economic Co-operation and Development (OECD) updates key macroeconomic forecasts for major economies – 0900 GMT. SINGAPORE – Asian Development Bank President Take  hiko Nakao speaks on Asian economic outlook and role of ADB – 0130 GMT. Nakao will also be attending the inaugural international conference on Evolving Finance, Trade and Investment in Asia .
  • Emerging market currencies have tumbled, equities have fallen and bond yields have risen steadily since the middle of the year, when Fed officials flagged the possibility that they could lift their near zero rates in the second half for the first time in nine years.
  • World share markets rose on Wednesday and short-term U.S. bond yields held near 4 1/2-year highs as investors braced for the possibility of the first interest rate hike in the United States in almost a decade.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1125 TARGET 1130 1136 SL 1119
  • SELL GOLD BELOW 1118 TARGET 1113 1107 SL 1124

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

17Sep

IForex Market Trading Signals and News – 17 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Euro slips as euro zone inflation revised lower
  • Forex -Dollar underpinned by rising U.S. yields before Fed meets
  • Forex – Dollar little changed ahead of Fed rate decision

EUR/USD
The euro slid to session lows against the dollar and the yen on Wednesday after data showing that euro area inflation was revised lower for August added to fears that the European Central Bank may scale up its stimulus program.EUR/USD hit lows of 1.1231, down from around 1.1255 ahead of the data, while EUR/JPYwas at 135.21, down 0.38% for the day.The euro moved lower after Eurostat said the final reading of the euro zone annual inflation rate was revised to 0.1% from an initial estimate of 0.2%.Core inflation, which excludes volatile food and energy prices, was unchanged at 0.3% from a month earlier and 0.9% on a year-over-year basis.

AUD/USD
The Australian dollar was almost unchanged against its U.S. counterpart on Wednesday, hovering close to a two-week high as investors remained cautious ahead of the Federal Reserve’s highly-anticipated policy statement due the next day.AUD/USD hit 0.7148 during late Asian trade, the session high; the pair subsequently consolidated at 0.7149. The pair was likely to find support at 0.7059, Monday’s low and resistance at 0.7174, the high of August 31.A separate report showed that U.S. industrial production fell 0.4% in August, compared to expectations for a 0.2% downtick. The Aussie was higher against the New Zealand dollar, with AUD/NZD edging up 0.12% to 1.1238.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5520 TARGET 5540 5570 SL 1.5490
  • SELL GBP/USD BELOW 1.5480 TARGET 1.5460 1.5430 SL 1.5500

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

17Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 17 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 30.5 points or 1.07% higher to 2872.44, taking the year-to-date performance to -14.64%.
  • The top active stocks today were SingTel, which gained 0.27%, DBS, which declined 0.34%, Global Logistic, which gained 0.98%, YZJ Shipbldg SGD, which gained 4.24% and Genting Sing, with a 6.16% advance.
  • The FTSE ST Mid Cap Index gained 0.99%, while the FTSE ST Small Cap Index rose 1.20%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 2.31%. The two biggest stocks of the Index – Jardine Cycle & Carriage and Singapore Airlines – ended 0.88% higher and 2.80% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which rose 0.43%. Silverlake Axis shares declined 0.93% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.30%), Dbxt Ft China 25 Etf 10 (+2.64%), Dbxt Msci Taiwan Etf 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+1.38%), Capitacom Trust (+2.30%), Capitamall Trust (+1.07%)
  • The most active index warrants by value today were : HSI22200MBeCW150929 (+83.67%), CN10500MBeCW151127 (+20.90%), HSI20800MBePW150929 (-44.57%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-2.08%), OCBC Bk MBeCW160111 (+4.03%),UOB MB eCW160111 (+2.36%)

STOCK RECOMMENDATION :

  • BUY INNOVALUES ABOVE 0.690 TARGET 0.710 0.740 SL 0.660

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

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