Daily Archives: September 23, 2015

23Sep

Comex Trading Signals and Market News – 23 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled for direction in subdued trade on Tuesday, as expectations for a Federal Reserve rate hike later this year weighed.Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up $1.40, or 0.12%, to trade at $1,134.20 a troy ounce during European morning hours.
  • Copper futures re-approached a two-week low on Tuesday, as investors looked ahead to key Chinese manufacturing data later in the week for a fresh indication on the strength of the world’s second largest economy. A day earlier, copper fell to $2.362, the lowest level since September 8, before turning higher to end up 0.2 cents, or 0.1%, at $2.388.
  • U.S. natural gas prices struggled near the lowest level in almost five months on Tuesday, as forecasts for warm weather across key consumption regions of the U.S. in the week ahead dampened demand expectations for the fuel. Natural gas for delivery in October on the New York Mercantile Exchange inched up 0.7 cents, or 0.29%, to trade at $2.580 per million British thermal units during U.S. morning hours.

ECONOMY NEWS :

  • Upper middle-class shoppers spooked by a whipsawing stock market and shoppers waiting till the last minute for the best deals could result in the weakest U.S. holiday sales season for retailers since the recession, AlixPartners said. “A lot of the ingredients that drive retail revenue…aren’t there,” he said pointing to slow U.S. economic growth, low inflation and population growth.
  • Greek Prime Minister Alexis Tsipras appointed two respected bailout negotiators to head his economic team on Tuesday, moving to assure wary European partners that the new government will not backtrack on its cash-for-reform deal.
  • Bond fund giant Pacific Investment Management Co said on Tuesday the pace of Federal Reserve interest-rate increases is likely to be even more gradual than the firm expected in March and that the U.S. central bank may find it impossible to escape the effective lower bound of policy rates.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1126 TARGET 1131 1137 SL 1120
  • SELL GOLD BELOW 1120 TARGET 1115 1109 SL 1126

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

23Sep
Forex Signals

IForex Market Trading Signals and News – 23 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – NZD/USD edges higher but gains seen limited
  • Forex – AUD/USD edges up on Australian house price data
  • Forex – Aussie up on surprise house price data, light regional data day

GBP/USD
The pound remained lower against the dollar on Tuesday after data showing that U.K. government borrowing unexpectedly increased last month, while expectations for higher interest rates continued to underpin dollar demand.The Office for National Statistics said British public borrowing rose to £12.1 billion in August from £10.7 billion a year earlier.It was the widest budget deficit for the month of August since 2012 and was well above economists’ forecasts of £9.0 billion. GBP/USD was down 0.18% to 1.5479, little changed from 1.5477 ahead of the data.The dollar remained firm after comments by some Federal Reserve officials overnight indicated that a U.S. rate hike is still on the cards this year.

EUR/USD
The euro slid to two-week lows against the firmer dollar on Tuesday after comments by some Federal Reserve officials overnight indicated that a U.S. rate hike is still on the cards this year.EUR/USD eased 0.17% to 1.1172, the lowest level since September 9. The dollar was boosted after St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart indicated in separate remarks that the U.S. central bank is still likely to raise short-term interest rates this year.Investors were looking ahead to a speech by Fed Chair Janet Yellen later in the week for additional clarity on the bank’s decision last week to leave interest rates on hold. The euro was also at two-week lows against the yen, with EUR/JPY down 0.4% to 134.34.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5360 TARGET 1.5380 1.5400 SL 1.5330
  • SELL GBP/USD BELOW 1.5320 TARGET 1.5300 1.5270 SL 1.5350

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

23Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 13.8 points or 0.48% lower to 2868.47, taking the year-to-date performance to -14.76%.
  • The top active stocks today were DBS, which declined 0.17%, Singtel, which declined 1.33%, OCBC Bank, which gained 0.78%, Global Logistic, which gained 0.49% and Keppel Corp, with a 2.52% fall.
  • The FTSE ST Mid Cap Index gained 0.08%, while the FTSE ST Small Cap Index declined 0.11%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 3.86%. The two biggest stocks of the Index – China Everbright Water and SIIC Environment Holdings- ended 0.79% higher and 12.03% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.92%. Keppel Corp shares declined 2.52% and Sembcorp Industries rose 1.12%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.35%), STI ETF (-1.02%), Nikko Am Singapore STI ETF (-1.00%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.44%), CapitaLand Mall Trust (-0.53%),CapitaLand Commercial Trust (+1.12%)
  • The most active index warrants by value today were : HSI21600MBePW151029 (+1.59%), HSI22800MBeCW151029 (-2.13%), HSI20600MBePW151029 (-0.81%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-4.00%), KepCorp MBeCW160201 (-14.55%), UOB MB eCW160111 (-7.83%)

STOCK RECOMMENDATION :

  • BUY THAI BEVERAGE ABOVE 0.700 TARGET 0.720 0.750 SL 0.660

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

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