Monthly Archives: September 2015

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.

24Sep

Comex Trading Signals and Market News – 24 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices reversed early gains in Asia on Wednesday as weak China manufacturing estimates trumped U.S. industry data that showed a much larger than expected draw in U.S. stockpiles last week. On the New York Mercantile Exchange, WTI crude for November delivery traded down 0.33% to $46.20 a barrel.
  • Gold prices edged higher in European morning hours on Wednesday, as the stronger U.S. dollar continued to weigh on the precious metal, but disappointing Chinese manufacturing data increased safe-haven demand.On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.14% at $1,126.30.
  • Brent crude oil rose toward $50 a barrel on Wednesday as a draw down in U.S. crude oil stocks outweighed the negative impact of weak economic manufacturing data from China. Oil prices have been depressed for more than a year and are now trading at less than half their peak levels in 2014 thanks to massive oversupply by oil producers in the Middle East and North America.

ECONOMY NEWS :

  • 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.Tsipras reappointed Euclid Tsakalotos as finance minister and made George Chouliarakis deputy finance minister.
  • The outlook for the global economy became bleaker on Wednesday as signs of a deeper downturn in China emerged, despite massive policy stimulus, coupled with weak growth at best in Europe.China’s vast factory sector shrank at its fastest rate in 6-1/2-years in September, a private survey showed, sending investors worried about sagging global growth scurrying out of risky assets.
  • Wall Street stock prices fell on Wednesday, dragged down by economic reports portraying U.S. factories growth as tepid and China in its worst manufacturing contraction since the global financial crisis. The United States has accused Volkswagen of rigging its cars to conceal their emissions when the engines were tested.

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.

24Sep
forex-trading3

IForex Market Trading Signals and News – 24 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie holds weaker as Caixin PMI falls to 78-month low
  • Forex – USD/CAD rises after Canadian retail sales data
  • Forex – Pound moderately lower vs. stronger greenback

GBP/USD
The pound was moderately lower against the U.S. dollar on Wednesday, as demand for the greenback remained broadly supported by hopes for a U.S. rate hike before the end of the year.GBP/USD hit 1.5298 during European morning trade, the pair’s lowest since September 8; the pair subsequently consolidated at 1.5346, slipping 0.08%. Cable was likely to find support at 1.5266, the low of September 8 and resistance at 1.5456, the high of September 15.The dollar remained supported after comments by some Federal Reserve officials Monday night indicated that a U.S. rate hike is still on the cards this year.Meanwhile, the pound remained under pressure after the U.K. Office for National Statistics reported on Tuesday that public borrowing rose to £12.1 billion in August from £10.7 billion a year earlier.

EUR/USD
The euro was steady near two-and-a-half week lows against the U.S. dollar on Wednesday, as hopes for a U.S. rate hike before the end of the year supported the greenback, while investors remained cautious ahead of a string of economic reports due out of the euro zone. EUR/USD hit 1.1105 during late Asian trade, the pair’s lowest since September 4; the pair subsequently consolidated at 1.1120.The pair was likely to find support at 1.1086, the low of September 3 and resistance at 1.1209, Tuesday’s high.The dollar remained supported after comments by some Federal Reserve officials Monday night indicated that a U.S. rate hike is still on the cards this year.Meanwhile, markets were jittery ahead of a string of reports on manufacturing and service sector activity from the euro zone due later in the day.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5270 TARGET 1.5290 1.5320 SL 1.5240
  • SELL GBP/USD BELOW 1.5240 TARGET 1.5220 1.5190 SL 1.5270

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

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.

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

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

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