Daily Archives: September 25, 2015

25Sep

Comex Trading Signals and Market News – 25 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper futures fell to a three-week low on Thursday, as concerns over the health of China’s economy dampened appetite for the red metal.Copper for December delivery on the Comex division of the New York Mercantile Exchange inched hit an intraday low of $2.294 a pound, a level not seen since September 2, before trading at $2.302 during morning hours in London, up 0.6 cents, or 0.28%.
  • Gold futures edged higher early Thursday, as investors looked ahead to a speech by Federal Reserve Chair Janet Yellen scheduled later in the day for additional clarity on the bank’s decision last week to leave interest rates on hold. Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up $3.70, or 0.33%, to trade at $1,135.20 a troy ounce during European morning hours.
  • Crude oil prices gained in Asia on Thursday as investors took advantage of an overnight dip.On the New York Mercantile Exchange, WTI crude for November delivery traded up 0.67% to $44.77 a barrel.Overnight, U.S. crude futures reversed territory on Wednesday afternoon, falling by nearly 4%, as a considerable build in gasoline inventories offset a second consecutive weekly draw in crude stockpiles.

ECONOMY NEWS :

  • In addressing the public for the first time since the Federal Open Market Committee held its benchmark Federal Funds Rate at its current near-zero level last week, Janet Yellen said she anticipates that it will be appropriate to raise short-term interest rates by the end of the year.
  • Lockheed Martin (NYSE:LMT) said on Thursday that U.S. officials have approved its $9 billion takeover of Black Hawk helicopter maker Sikorsky Aircraft from United Technologies (NYSE:UTX).In a filing with the U.S. Securities and Exchange Commission, the company said authorities in Japan and South Korea had also approved the deal, but it was waiting for other regulatory approvals.The number of people who filed for unemployment assistance in the U.S. ticked higher last week, but remainied in territory consistent with a strengthening labor market.
  • Initial claims for state unemployment benefits rose by 3,000 to a seasonally adjusted 267,000 for the week ended September 19, the Labor Department said on Thursday. Analysts had expected jobless claims to rise by 7,000.t was the 29th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market .

TRADING STRATEGY :

  • BUY GOLD ABOVE 1147 TARGET 1152 1158 SL 1141
  • SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

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

25Sep
Forex Signals

IForex Market Trading Signals and News – 25 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – AUD/USD holds steady near 2-1/2 week lows
  • Forex – NZD/USD rises despite downbeat N.Z. trade balance
  • Forex – Yen weaker in Asia in light data day, NZ trade gap widens

JPY/USD
The yen was a tad weaker on Thursday in Asia in a light data day following trade figures out of New Zealand.USD/JPY changed hands at 120.35, up 0.07%, while AUD/USD traded at 0.7008, up 0.09%. In New Zealand, the trade balance for August widened to a deficit of NZ$1.035 billion month-on-month, well above the NZ$850 million deficit seen. NZD/USD traded at 0.6287, up 0.17% after the data.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.01% at 96.39.Earlier Wednesday, research group Markit reported on Wednesday that Germany’s manufacturing purchasing managers’ index fell to 52.5 in September from 53.3 the previous month, while the services PMI ticked down to 54.3 from 54.9.

EUR/USD
The euro rose to session highs against the dollar on Thursday after data showing German business confidence improved this month, while comments by the European Central Bank playing down prospects for further monetary easing in the short term also underpinned demand.The single currency was boosted after German research institute Ifo said its business climate index ticked up to 108.5 this month from August’s 108.4. It was the highest reading in four months and was ahead of forecasts of 108.0. EUR/USD touched highs of 1.1223 up from around 1.1210 ahead of the report.The euro remained broadly stronger after ECB President Mario Draghi downplayed the need for further monetary easing on Wednesday.The euro index, which measures the single currency’s strength against a trade-weighted basket of currencies, was last at 89.38.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5230 TARGET 1.5250 1.5280 SL 1.5200
  • SELL GBP/USD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230

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

25Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 22.73 points or 0.79% lower to 2845.74, taking the year-to-date performance to -15.43%.
  • The top active stocks today were DBS, which declined 1.80%, Singtel, which closed unchanged, OCBC Bank, which declined 1.87%, UOB, which declined 0.37% and Keppel Corp, with a 1.15% fall.
  • The FTSE ST Mid Cap Index declined 0.35%, while the FTSE ST Small Cap Index rose 0.31%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.01%. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation- ended 1.53% higher and 3.54% lower respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.33%. China Everbright Watershares declined 0.78% and SIIC Environment Holdings declined 1.13%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India (+0.15%), STI ETF (-0.34%), DBXT MSCI Thailand TRN ETF (-1.28%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.44%), CapitaLand Mall Trust (-0.26%), CapitaLand Commercial Trust (-1.85%)
  • The most active index warrants by value today were : HSI22800MBeCW151029 (-21.74%), HSI21800MBeCW151029 (-19.16%), HSI20600MBePW151029 (+13.82%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW160111 (-8.23%), KepCorp MBeCW160201 (-6.38%), DBS MB eCW160201 (-13.33%)

STOCK RECOMMENDATION :

  • BUY NEPTUNE ORIENT ABOVE 0.970 TARGET 0.990 1.040 SL 0.930

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.