Daily Archives: September 28, 2015

28Sep

Comex Trading Signals and Market News – 28 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Natural gas futures fell to session lows on Thursday after data showed that U.S. natural gas supplies rose more than expected last week.On the New York Mercantile Exchange, natural gas for delivery in October was last down 1.24% to $11.990 per million British thermal units. Prices were at around $2.556 prior to the release of the supply data.
  • Gold prices fell in Asia on Friday after Fed Chair Janet Yellen said that an interest rate hike this year is still very much on the cards.Yellen said she anticipates that it will be appropriate to raise short-term interest rates by the end of the year. Overnight, gold futures surged more than $20 an ounce as weak economic data weighed on the dollar, ahead of Janet Yellen’s first public appearance on Thursday night since the Federal Reserve held short-term interest rates at its current near-zero level last week.
  • Oil prices were steady at about $48 per barrel on Friday, pressured by a rise in the dollar, weak consumer data from Japan and after analysts from Standard & Poor’s ratings cut their oil price assumptions. Globally traded Brent futures were at $48.19 per barrel at 1124 GMT, up just 2 cents from their last close and erasing earlier Friday gains. U.S. West Texas Intermediate (WTI) futures were up 23 cents at $45.14 a barrel.

ECONOMY NEWS :

  • The U.S. central bank remains on track to begin raising interest rates later this year as long as inflation remains stable and the economy is strong enough to boost employment, said Federal Reserve Chairwoman Janet Yellen, Reuters reported Thursday. Yellen’s statements came just one week after Fed policymakers delayed a rate hike and voted to keep interest rates near zero.
  • Euro zone inflation and U.S. jobs data will offer clues to the health of major developed economies in the coming week while the malaise gripping emerging markets is expected to prompt India to cut interest rates. China may release monthly foreign exchange reserve data indicating how much more the central bank has spent on steadying the yuan following Aug.
  • The shock resignation of U.S. House Speaker John Boehner on Friday reduces the chances of a government shutdown next week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic data and commentary by Federal Reserve policymakers. “This significantly reduces the probability of a government shutdown next week,” Goldman Sachs (NYSE:GS) economists said in a note to clients on Friday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1148 TARGET 1153 1159 SL 1142
  • SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

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

28Sep
forex-trading3

IForex Market Trading Signals and News – 28 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

GBP/USD
The pound edged lower against the U.S. dollar on Friday, re-approaching a three-week trough as new hopes for a U.S. rate hike before the end of the year sent the greenback broadly higher.GBP/USD hit 1.5206 during European morning trade, the session low; the pair subsequently consolidated at 1.5221, slipping 0.12%.Cable was likely to find support at 1.5168, the low of September 7 and resistance at 1.5369, the high of September 23.In a speech late Thursday, Fed Chair Janet Yellen said she expected the central bank to begin raising rates later in 2015, as long as inflation remained stable and the U.S. economy was strong enough to boost employment.The comments came after a string of U.S. data released on Thursday painted a mixed picture of the health of the economy.

EUR/USD
EUR/USD fell mildly on Friday, as currency traders reacted to relatively hawkish comments from Federal Reserve chair Janet Yellen hours earlier, providing a strong likelihood that the U.S. central bank will raise short-term interest rates over the next three months.The currency pair wavered between a range of 1.1117 and 1.1296, before settling at 1.1195, down 0.0037 or 0.33% on the session. The euro has now closed lower against the American dollar in five of the last seven sessions. For the week, the euro lost nearly 1% in value against its American counterpart. EUR/USD likely gained support at 1.1088, the low from September 4 and was met with resistance at 1.1625, the high from Aug. 25.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5210 TARGET 1.5230 1.5260 SL 1.5180
  • SELL GBP/USD BELOW 1.5170 TARGET 1.5150 1.5120 SL 1.5200

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

28Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 13.1 points or 0.46% lower to 2832.64, taking the year-to-date performance to – 15.82%.
  • The top active stocks today were SingTel, which declined 1.62%, DBS, which declined 0.77%, OCBC Bank, which closed unchanged, UOB, which declined 0.84% and Global Logistic, with a 1.46% fall.
  • The FTSE ST Mid Cap Index declined 0.04%, while the FTSE ST Small Cap Index declined 0.07%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.94%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 1.92% higher and 1.43% lower respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.43%. SingTel shares declined 1.62% and StarHub rose 0.56%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (+1.34%), Sti Etf (-0.35%), Is Msci India 100 (+0.59%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+2.68%), Capitamall Trust (+0.79%), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSI22800MBeCW151029 (-12.50%), HSI21800MBeCW151029 (-8.15%), HSI19000MBePW151127 (+0.92%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-2.89%), OCBC Bk MBeCW160111 (-3.45%), KepCorp MBeCW160201 (-7.96%)

STOCK RECOMMENDATION :

  • BUY OSIM INTL ABOVE 1.650 TARGET 1.690 1.740 SL 1.600

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