Daily Archives: September 22, 2015

22Sep

Comex Trading Signals and Market News – 22 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures traded near the highest level in nearly three weeks on Monday, as the Federal Reserve’s decision not to hike interest rates boosted demand for the precious metal.Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up $1.10, or 0.1%, to trade at $1,138.90 a troy ounce during European morning hours.
  • Copper futures edged higher on Monday, as investors turned their attention to an index of manufacturing activity from China due later in the week for a fresh indication on the strength of the global economy.
  • Oil rose by more than 1 percent on Monday after data showed U.S. drilling slowed and a report said $1.5 trillion worth of planned production was uneconomic at current prices.Crude has halved in value over the last year as soaring global production overwhelmed slowing demand and the much lower prices have now begun to hit drilling, particularly in the United States.

ECONOMY NEWS :

  • Greece’s Alexis Tsipras said his left-wing Syriza party now has a “clear mandate” after a winning a sweeping re-election victory on Sunday, for the second time in less than nine months. The previous Syriza-led coalition government was elected in January on an anti-austerity mandate, but was forced to accept tough conditions for Greece’s third international bailout.
  • The former owner of a peanut company in Georgia was sentenced to 28 years in prison on Monday for his role in a salmonella outbreak that killed nine people and sickened hundreds, a rare instance of jail time in a food contamination case.
  • The U.S. business lobby expressed disappointment on Monday at the pace of negotiations on a bilateral investment treaty with China and said it was important that President Xi Jinping address the growing concerns of U.S. firms when he visits the United States this week.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1136 TARGET 1141 1147 SL 1130
  • SELL GOLD BELOW 1130 TARGET 1125 1119 SL 1136

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

22Sep
forex-market-hours

IForex Market Trading Signals and News – 22 September 2015

INTERNATIONAL CURRENCY BUZZ :

Forex – Dollar edges higher against yen, euro steady
Forex – NZD/USD drops after N.Z. consumer sentiment report
Forex – Aussie up on surprise house price data, light regional data day

AUD/USD
The Australian dollar slipped lower against its U.S. counterpart on Monday, as the greenback continued to recover from the Federal Reserve’s decision not to raise interest rates this month.AUD/USD hit 0.7163 during late Asian trade, the session low; the pair subsequently consolidated at 0.7167, shedding 0.28%.The pair was likely to find support at 0.7120, the low of September 16 and resistance at 0.7282, Friday’s high.The greenback regained strength after the U.S. central bank left short-term interest rates unchanged last Thursday, amid concerns over soft inflation and the effects of recent market volatility on the U.S. economy.

EUR/USD
The euro slid to session lows against the firmer dollar on Monday as the mood in markets turned more positive despite ongoing concerns over the outlook for global growth following the Federal Reserve’s decision last week not to raise interest rates.EUR/USD was down 0.42% to 1.1250, extending a pullback from Friday’s highs of 1.1459.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.3% to 95.65, recovering from Friday’s three-week lows of 94.19.The dollar strengthened and European equities moved higher despite a shaky start to Monday’s session and oil prices also climbed.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5530 TARGET 1.5550 1.15580 SL 1.5500
  • SELL GBP/USD BELOW 1.5500 TARGET 1.5480 1.5450 SL 1.5530

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

22Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 22 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2.68 points or 0.09% higher to 2882.27, taking the year-to-date performance to -14.35%.
  • The top active stocks today were DBS, which declined 0.52%, SingTel, which declined 1.32%, Global Logistic, which gained 1.99%, OCBC Bank, which gained 0.11% and UOB, with a 1.03% fall.
  • The FTSE ST Mid Cap Index declined 0.39%, while the FTSE ST Small Cap Index declined 0.37%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 1.39%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties – ended 0.89% higher and 1.99% lower respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 2.25%. Raffles Medical Group shares declined 2.75%and Tianjin Zhongxin Pharmaceutical Group Corporation rose 2.84%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (+0.34%), Is Msci India 100 (-1.86%), Dbxt Ft China 25 Etf 10 (-1.56%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+1.35%), Capitamall Trust (+1.06%), Mapletree Log Tr (unchanged)
  • The most active index warrants by value today were : HSI21600MBePW151029 (+18.13%), HSI22800MBeCW151029 (-25.40%), CN10500MBeCW151127 (+9.85%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (-10.85%), OCBC Bk MBeCW160111 (-7.23%), KepCorp MBeCW160201 (-0.90%)

STOCK RECOMMENDATION :

  • BUY DEBAO PROPERTY ABOVE 0.042 TARGET 0.044 0.049 SL 0.038

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