Daily Archives: September 29, 2015

29Sep

Comex Trading Signals and Market News – 29 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Monday, paring some of last week’s 2 percent rally, despite evidence of slowing U.S. production and a fourth  weekly increase in U.S. investor holdings of crude futures .High oversupply and concern about demand growth in key areas of consumption such as emerging markets have stripped 50 percent off the value of a barrel of oil over the last year and kept the price below $50 a barrel for most of the past nine weeks.
  • Gold prices dropped in European morning hours on Monday, as expectations for a U.S. rate hike in the near future continued to weigh on the precious metal and as investors eyed speeches by several Federal Reserve officials scheduled later in the day. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery lost 0.72% to $1,137.30.
  • Crude oil prices dipped in Asia on Monday as investors took advantage of U.S. gains last week .On the New York Mercantile Exchange, crude oil for delivery in November fell 0.98% to $45.25 a barrel. Crude oil prices have been under heavy selling pressure in recent months, as ongoing worries over the health of the global economy fueled concerns that a global supply glut may stick around for longer than anticipated.

ECONOMY NEWS :

  • The Reserve Bank of India is expected cut its key repo rate to a four-year low on Tuesday to help support the domestic economy at a time when consumer inflation is at a record low, but may express caution about easing further as price risks still loom. A Reuters poll last week showed 45 of 51 economists expect the RBI to cut the repo rate INREPO=ECI by 25 basis points to 7.00 percent, its lowest since May 2011. The RBI has already eased the policy rate by 75 bps so far this year.
  • The European Central Bank has found that a number of banks under its watch do not comply with international governance best practices, such as separating the audit and risk functions, an ECB executive board member said on Monday. “Our initial findings indicate that a number of banks, while meeting national requirements, do not comply with international best practices with regard to governance,” Sabine Lautenschlaeger, who represents the ECB’s supervisory arm on the bank’s board, said in remarks for a speech to be delivered in Milan.
  • A flurry of planned appearances this week by Federal Reserve officials began on Monday, but conflicting views by policymakers raised more questions about the U.S. central bank’s ability to manage its message at a critical juncture. William Dudley, head of the New York Fed, and John Williams, head of the San Francisco Fed, both signaled the likelihood of an interest rate hike this year, as they cited expectations of the inflation rate moving up toward the Fed’s 2 percent target.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1134 TARGET 1139 1145 SL 1128
  • SELL GOLD BELOW 1128 TARGET 1123 1117 SL 1134

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

29Sep

IForex Market Trading Signals and News – 29 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – Yen firms as global stocks trade in the red, spur safety flows
  • FOREX – Expectations of 2015 Fed rate hike nudge dollar higher
  • FOREX – Dollar edges lower ahead of this week’s payrolls, China survey

GBP/USD
The pound rose against its U.S. counterpart on Monday, but gains were expected to remain limited as expectations for a U.S. rate hike in the coming months continued to lend broad support to the greenback.GBP/USD hit 1.5232 during European morning trade, the session high; the pair subsequently consolidated at 1.5214, adding 0.23%.Cable was likely to find support at 1.5132, Friday’s low and a four-month low and resistance at 1.5261, Friday’s high.The dollar found support after Federal Reserve Chair Janet Yellen said last Thursday that the U.S. central bank remains on track to raise interest rates this year. The pound remained supported after Bank of England official Jon Cunliffe said last week that the U.K. economy was performing well compared to its international counterparts, fuelling further expectations that the BoE its on its way to raise interest rates as well.

EUR/USD
The dollar gained ground against the euro on Monday and slipped moderately against the yen, as amid growing expectations for the Federal Reserve to raise interest rates in the coming months.EUR/USD edged down 0.17% to 1.1170.The dollar found support after Federal Reserve Chair Janet Yellen said last Thursday that the U.S. central bank remains on track to raise interest rates this year.The comments reassured investors that monetary policy has not altered significantly following the Fed’s decision to hold off hiking rates earlier this month.The Commerce Department said gross domestic product expanded at an annual rate of 3.9% in the second quarter, up from an initial estimate of 3.7%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.08% at 96.44.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5180 TARGET 1.5200 1.15230 SL 1.5150
  • SELL GBP/USD BELOW 1.5150 TARGET 1.5130 1.5100 SL 1.5180

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

29Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 40.72 points or 1.44% lower to 2791.92, taking the year-to-date performance to -17.03%.
  • The top active stocks today were SingTel, which declined 3.30%, OCBC Bank, which declined 2.02%, DBS, which declined 1.13%, UOB, which declined 1.28% and Ascendas Reit, with a 1.30% fall.
  • The FTSE ST Mid Cap Index declined 0.93%, while the FTSE ST Small Cap Index declined 0.81%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.02%. The two biggest stocks of the Index – China Everbright Water and SIIC Environment Holdings – ended 1.61% lower and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 4.08%. Silverlake Axis shares declined 7.76% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.38%), Spdr Gold Shares (-0.41%), Is Msci India 100 (-1.32%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.30%), Capitamall Trust (-0.79%), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : CN10500MBeCW151127 (-8.07%), STI 2950MBePW151231 (+10.31%), STI 3000MBeCW151231 (-14.58%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW160111 (-15.71%), DBS MB eCW160201 (-13.86%), KepCorp MBeCW160201 (-8.64%)

STOCK RECOMMENDATION :

  • BUY ORIENTAL GROUP [5F1] ABOVE 0.115 TARGET 0.118 0.123 SL 0.110

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

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