Daily Archives: September 18, 2015

18Sep

Comex Trading Signals and Market News – 18 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Thursday after weak Japanese data sounded alarm bells over the prospects for global growth, outweighing the bullish impact of a bigger-than-expected decline in U.S.crude oil stocks.
  • Gold prices were trading close to their highest level in a week on Thursday as weak U.S. inflation data weighed on the dollar and raised hopes that the Federal Reserve would hold off hiking interest rates.
  • Crude oil gained on Thursday with investors looking ahead to the Federal Reserve’s view on interest rates and noting lower stocks in the U.S. On the New York Mercantile Exchange, WTI crude for October delivery rose 0.19% to $47.24 a barrel.

ECONOMY NEWS :

  • WASHINGTON (Reuters) – U.S. President Barack Obama urged Congress on Wednesday to avoid shutting down the government starting on Oct. 1, as Republicans in the House of Representatives struggled to get enough votes to pass a bill to fund it.
  • Greece’s leftist Syriza party has a 0.6 percentage point lead over the conservative New Democracy party, a Kapa Research poll for To Vima newspaper showed on Thursday.
  • European unease that Greece may falter on its bailout promises after elections on Sunday looks misplaced, at least initially, as its pressing need for money means that whoever wins is likely to toe the line.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1130 TARGET 1135 1141 SL 1124
  • SELL GOLD ABOVE 1126 TARGET 1121 1115 SL 1131

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

18Sep
forex-trading3

IForex Market Trading Signals and News – 18 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – NZD/USD slips lower after weak N.Z. GDP data
  • Forex – Swiss franc moves higher after SNB holds rates steady
  • Forex – AUD/USD pulls away from 3-week highs ahead of Fed

GBP/USD
The pound was little changed against the U.S. dollar on Thursday, hovering close to a three-and-a-half week high after data showed that U.K. retail sales rose in line with expectations in August, as investors were cautious ahead of the Federal Reserve’s policy statement. GBP/USD hit 1.5526 during European morning trade, the session high; the pair subsequntly consolidated at 1.5495.Cable was likely to find support at 1.5326, Wednesday’s low and resistance at 1.5720, the high of August 26.The Office for National Statistics said U.K. retail sales increased by 0.2% last month, in line with forecasts.

EUR/USD
The dollar was trading in a narrow range against the euro and the yen on Thursday as investors awaited the conclusion of the closely watched Federal Reserve policy setting meeting later in the day.EUR/USD inched up 0.12% to 1.1304 from 1.1288 late Wednesday. The dollar pushed higher against the yen, with USD/JPY up 0.2% to 120.8 compared to 120.55 late Wednesday.Markets showed little reaction after trade data showed that Japan’s exports slowed for a second straight month in August, underlining fears over slowing global demand and adding to pressure on the Bank of Japan to expand its stimulus program.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5580 TARGET 1.5600 1.5630 SL 1.5550
  • SELL GBP/USD BELOW 1.5550 TARGET 1.5530 1.5500 SL 1.5580

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

18Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 27.07 points or 0.94% higher to 2895.81, taking the year-to-date performance to-13.95%.
  • The top active stocks today were DBS, which declined 0.06%, Singtel, which gained 0.81%, OCBC Bank, which gained 1.56%, UOB, which gained 0.93% and Global Logistic, with a 0.48% advance.
  • The FTSE ST Mid Cap Index gained 0.09%, while the FTSE ST Small Cap Index rose 0.20%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 3.37%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 3.67% higher and 4.14% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.39%. Raffles Medical Group shares declined 0.22%and Tianjin Zhongxin Pharmaceutical Group Corporation remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (+6.27%), IS MSCI India (+2.22%), STI ETF (+0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.36%), CapitaLand Commercial Trust (+1.50%), CapitaLand Mall Trust (+1.06%)
  • The most active index warrants by value today were : HSI21600MBePW151029 (+7.35%), HSI22200MBeCW150929 (-31.11%), HSI22800MBeCW151029 (-19.69%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (+3.08%), DBS MB eCW160201 (+0.71%), OCBC Bk MBeCW160111 (+8.39%)

STOCK RECOMMENDATION :

  • BUY OKH GLOBAL ABOVE 0.680 TARGET 0.700 0.740 SL 0.630

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