Daily Archives: September 21, 2015

21Sep

Comex Trading Signals and Market News – 21 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices dipped early on Friday on fresh signs the Middle East will continue to prioritise market share over prices, while the United States kept interest rates at historic lows on worries over the health of the global economy.
  • Gold jumped in Asia on Friday after a tepid start as the Federal Reserve kept its benchmark interest rate steady in the face of global economic volatility.On the Comex division of the New York Mercantile Exchange, gold futures for December delivery rose 1.20% to $1,130.40 a troy ounce.
  • U.S. crude futures fell sharply on Friday erasing massive gains from earlier in the week, even as oil rig totals nationwide extended a streak of minor declines. Dollar-denominated commodities such as crude become more expensive for foreign purchasers when the dollar appreciates.

ECONOMY NEWS :

  • The U.S. Federal Reserve kept interest rates unchanged on Thursday in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but left open the possibility of a modest policy tightening later this year.
  • Wall Street stocks closed lower on Friday in heavy trading as the Federal Reserve’s decision to keep interest rates near zero fueled concerns about the potential impact of continuing weak global growth on U.S. corporate earnings.
  • The U.S. Federal Reserve’s decision not to raise interest rates on Thursday is giving investors a green light to buy bonds on the view that the central bank won’t move for some time.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1139 TARGET 1144 1150 SL 1133
  • SELL GOLD ABOVE 1136 TARGET 1131 1125 SL 1142

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

21Sep

IForex Market Trading Signals and News – 21 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie, yen gain after central bank comments jibe with Fed views
  • Forex – Aussie gains on RBA Stevens remarks, yen down after BoJ minutes
  • Forex – Greenback drops to 1-month lows vs. loonie

GBP/USD
The pound edged up near three-and-a-half week highs against the U.S. dollar on Friday, as the Federal Reserve’s decision to hold interest rates this month dampened demand for the greenback.GBP/USD hit 1.5629 during European morning trade, the session high; the pair subsequently consolidated at 1.5608, adding 0.11%.Cable was likely to find support at 1.5484, Thursday’s low and resistance at 1.5720, the high of August 26.The dollar weakened broadly after the Fed kept interest rates unchanged on Thursday, but losses were limited as the central bank left open the possibility of a rate hike later this year.

EUR/USD
The dollar regained ground against the euro on Friday and slipped against the yen after the Federal Reserve decided to leave interest rates unchanged for the time being. EUR/USD slipped 0.21% to trade at 1.1411, off four-week highs of 1.1441 hit on Thursday.The greenback weakened broadly after the Federal Reserve kept interest rates unchangedon Thursday, but losses were limited as the central bank left open the possibility of a rate hike later this year.Speaking after the rate statement, Fed Chair Janet Yellen said global economic developments played a major part in the central bank’s decision.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5560 TARGET 1.5580 1.5610 SL 1.5530
  • SELL GBP/USD BELOW 1.5520 TARGET 1.5500 1.5470 SL 1.5550

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

21Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 21 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.22 points or 0.56% lower to 2879.59, taking the year-to-date performance to -14.43%.
  • The top active stocks today were Global Logistic, which declined 3.37%, DBS, which declined 0.52%, SingTel, which gained 2.15%, UOB, which declined 0.72% and Sinarmas Land, which closed unchanged.
  • The FTSE ST Mid Cap Index gained 0.52%, while the FTSE ST Small Cap Index rose 1.37%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 3.06%. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation – ended 4.89% higher and 3.94% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which slipped 1.50%. Hongkong Land Holdings shares declined 1.46% and Global Logistic Properties declined 3.37%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares Usd Asia Bond Etf (+0.20%), Is Msci India 100 (+0.87%), Sti Etf (-0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.45%), Capitamall Trust (-1.05%), Capitacom Trust (-1.48%)
  • The most active index warrants by value today were : HSI21600MBePW151029 (-15.79%) ,HSI22200MBeCW150929 (+40.32%), CN9500MBePW151127 (-1.54%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (-3.73%), DBS MB eCW160201 (-5.63%), KepCorp MBeCW160201 (+1.84%)

STOCK RECOMMENDATION :

  • BUY SMRT CORP ABOVE 1.330 TARGET 1.370 1.420 SL 1.275

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

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