Monthly Archives: September 2015

21Sep

Comex Trading Signals and Market News – 21 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices dipped early on Friday on fresh signs the Middle East will continue to prioritise market share over prices, while the United States kept interest rates at historic lows on worries over the health of the global economy.
  • Gold jumped in Asia on Friday after a tepid start as the Federal Reserve kept its benchmark interest rate steady in the face of global economic volatility.On the Comex division of the New York Mercantile Exchange, gold futures for December delivery rose 1.20% to $1,130.40 a troy ounce.
  • U.S. crude futures fell sharply on Friday erasing massive gains from earlier in the week, even as oil rig totals nationwide extended a streak of minor declines. Dollar-denominated commodities such as crude become more expensive for foreign purchasers when the dollar appreciates.

ECONOMY NEWS :

  • The U.S. Federal Reserve kept interest rates unchanged on Thursday in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but left open the possibility of a modest policy tightening later this year.
  • Wall Street stocks closed lower on Friday in heavy trading as the Federal Reserve’s decision to keep interest rates near zero fueled concerns about the potential impact of continuing weak global growth on U.S. corporate earnings.
  • The U.S. Federal Reserve’s decision not to raise interest rates on Thursday is giving investors a green light to buy bonds on the view that the central bank won’t move for some time.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1139 TARGET 1144 1150 SL 1133
  • SELL GOLD ABOVE 1136 TARGET 1131 1125 SL 1142

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

21Sep

IForex Market Trading Signals and News – 21 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie, yen gain after central bank comments jibe with Fed views
  • Forex – Aussie gains on RBA Stevens remarks, yen down after BoJ minutes
  • Forex – Greenback drops to 1-month lows vs. loonie

GBP/USD
The pound edged up near three-and-a-half week highs against the U.S. dollar on Friday, as the Federal Reserve’s decision to hold interest rates this month dampened demand for the greenback.GBP/USD hit 1.5629 during European morning trade, the session high; the pair subsequently consolidated at 1.5608, adding 0.11%.Cable was likely to find support at 1.5484, Thursday’s low and resistance at 1.5720, the high of August 26.The dollar weakened broadly after the Fed kept interest rates unchanged on Thursday, but losses were limited as the central bank left open the possibility of a rate hike later this year.

EUR/USD
The dollar regained ground against the euro on Friday and slipped against the yen after the Federal Reserve decided to leave interest rates unchanged for the time being. EUR/USD slipped 0.21% to trade at 1.1411, off four-week highs of 1.1441 hit on Thursday.The greenback weakened broadly after the Federal Reserve kept interest rates unchangedon Thursday, but losses were limited as the central bank left open the possibility of a rate hike later this year.Speaking after the rate statement, Fed Chair Janet Yellen said global economic developments played a major part in the central bank’s decision.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5560 TARGET 1.5580 1.5610 SL 1.5530
  • SELL GBP/USD BELOW 1.5520 TARGET 1.5500 1.5470 SL 1.5550

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

21Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 21 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.22 points or 0.56% lower to 2879.59, taking the year-to-date performance to -14.43%.
  • The top active stocks today were Global Logistic, which declined 3.37%, DBS, which declined 0.52%, SingTel, which gained 2.15%, UOB, which declined 0.72% and Sinarmas Land, which closed unchanged.
  • The FTSE ST Mid Cap Index gained 0.52%, while the FTSE ST Small Cap Index rose 1.37%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 3.06%. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation – ended 4.89% higher and 3.94% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which slipped 1.50%. Hongkong Land Holdings shares declined 1.46% and Global Logistic Properties declined 3.37%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares Usd Asia Bond Etf (+0.20%), Is Msci India 100 (+0.87%), Sti Etf (-0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.45%), Capitamall Trust (-1.05%), Capitacom Trust (-1.48%)
  • The most active index warrants by value today were : HSI21600MBePW151029 (-15.79%) ,HSI22200MBeCW150929 (+40.32%), CN9500MBePW151127 (-1.54%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (-3.73%), DBS MB eCW160201 (-5.63%), KepCorp MBeCW160201 (+1.84%)

STOCK RECOMMENDATION :

  • BUY SMRT CORP ABOVE 1.330 TARGET 1.370 1.420 SL 1.275

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

18Sep

Comex Trading Signals and Market News – 18 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Thursday after weak Japanese data sounded alarm bells over the prospects for global growth, outweighing the bullish impact of a bigger-than-expected decline in U.S.crude oil stocks.
  • Gold prices were trading close to their highest level in a week on Thursday as weak U.S. inflation data weighed on the dollar and raised hopes that the Federal Reserve would hold off hiking interest rates.
  • Crude oil gained on Thursday with investors looking ahead to the Federal Reserve’s view on interest rates and noting lower stocks in the U.S. On the New York Mercantile Exchange, WTI crude for October delivery rose 0.19% to $47.24 a barrel.

ECONOMY NEWS :

  • WASHINGTON (Reuters) – U.S. President Barack Obama urged Congress on Wednesday to avoid shutting down the government starting on Oct. 1, as Republicans in the House of Representatives struggled to get enough votes to pass a bill to fund it.
  • Greece’s leftist Syriza party has a 0.6 percentage point lead over the conservative New Democracy party, a Kapa Research poll for To Vima newspaper showed on Thursday.
  • European unease that Greece may falter on its bailout promises after elections on Sunday looks misplaced, at least initially, as its pressing need for money means that whoever wins is likely to toe the line.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1130 TARGET 1135 1141 SL 1124
  • SELL GOLD ABOVE 1126 TARGET 1121 1115 SL 1131

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

18Sep
forex-trading3

IForex Market Trading Signals and News – 18 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – NZD/USD slips lower after weak N.Z. GDP data
  • Forex – Swiss franc moves higher after SNB holds rates steady
  • Forex – AUD/USD pulls away from 3-week highs ahead of Fed

GBP/USD
The pound was little changed against the U.S. dollar on Thursday, hovering close to a three-and-a-half week high after data showed that U.K. retail sales rose in line with expectations in August, as investors were cautious ahead of the Federal Reserve’s policy statement. GBP/USD hit 1.5526 during European morning trade, the session high; the pair subsequntly consolidated at 1.5495.Cable was likely to find support at 1.5326, Wednesday’s low and resistance at 1.5720, the high of August 26.The Office for National Statistics said U.K. retail sales increased by 0.2% last month, in line with forecasts.

EUR/USD
The dollar was trading in a narrow range against the euro and the yen on Thursday as investors awaited the conclusion of the closely watched Federal Reserve policy setting meeting later in the day.EUR/USD inched up 0.12% to 1.1304 from 1.1288 late Wednesday. The dollar pushed higher against the yen, with USD/JPY up 0.2% to 120.8 compared to 120.55 late Wednesday.Markets showed little reaction after trade data showed that Japan’s exports slowed for a second straight month in August, underlining fears over slowing global demand and adding to pressure on the Bank of Japan to expand its stimulus program.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5580 TARGET 1.5600 1.5630 SL 1.5550
  • SELL GBP/USD BELOW 1.5550 TARGET 1.5530 1.5500 SL 1.5580

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

18Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 27.07 points or 0.94% higher to 2895.81, taking the year-to-date performance to-13.95%.
  • The top active stocks today were DBS, which declined 0.06%, Singtel, which gained 0.81%, OCBC Bank, which gained 1.56%, UOB, which gained 0.93% and Global Logistic, with a 0.48% advance.
  • The FTSE ST Mid Cap Index gained 0.09%, while the FTSE ST Small Cap Index rose 0.20%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 3.37%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 3.67% higher and 4.14% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.39%. Raffles Medical Group shares declined 0.22%and Tianjin Zhongxin Pharmaceutical Group Corporation remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (+6.27%), IS MSCI India (+2.22%), STI ETF (+0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.36%), CapitaLand Commercial Trust (+1.50%), CapitaLand Mall Trust (+1.06%)
  • The most active index warrants by value today were : HSI21600MBePW151029 (+7.35%), HSI22200MBeCW150929 (-31.11%), HSI22800MBeCW151029 (-19.69%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (+3.08%), DBS MB eCW160201 (+0.71%), OCBC Bk MBeCW160111 (+8.39%)

STOCK RECOMMENDATION :

  • BUY OKH GLOBAL ABOVE 0.680 TARGET 0.700 0.740 SL 0.630

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

17Sep

Comex Trading Signals and Market News – 17 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices extended gains in early trading in Asia on Wednesday after U.S. prices were boosted by a stockpile draw, while a warning by OPEC producer Iraq that it may slow spending on new fields pushed up international crude contracts.
  • Gold struggled to break out of a tight range near its one-month low on Wednesday, as investors waited to hear on the outlook of U.S. interest rates from a Federal Reserve policy meet that kicks off later in the session.
  • Crude supplies fell 3.1 million barrels in the U.S. last week, according to the American Petroleum Institute late Tuesday, signalling that refineries are ramping up for winterheating oil demand. Data for refined products was not immediately available.

ECONOMY NEWS :

  • Organisation for Economic Co-operation and Development (OECD) updates key macroeconomic forecasts for major economies – 0900 GMT. SINGAPORE – Asian Development Bank President Take  hiko Nakao speaks on Asian economic outlook and role of ADB – 0130 GMT. Nakao will also be attending the inaugural international conference on Evolving Finance, Trade and Investment in Asia .
  • Emerging market currencies have tumbled, equities have fallen and bond yields have risen steadily since the middle of the year, when Fed officials flagged the possibility that they could lift their near zero rates in the second half for the first time in nine years.
  • World share markets rose on Wednesday and short-term U.S. bond yields held near 4 1/2-year highs as investors braced for the possibility of the first interest rate hike in the United States in almost a decade.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1125 TARGET 1130 1136 SL 1119
  • SELL GOLD BELOW 1118 TARGET 1113 1107 SL 1124

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

17Sep

IForex Market Trading Signals and News – 17 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Euro slips as euro zone inflation revised lower
  • Forex -Dollar underpinned by rising U.S. yields before Fed meets
  • Forex – Dollar little changed ahead of Fed rate decision

EUR/USD
The euro slid to session lows against the dollar and the yen on Wednesday after data showing that euro area inflation was revised lower for August added to fears that the European Central Bank may scale up its stimulus program.EUR/USD hit lows of 1.1231, down from around 1.1255 ahead of the data, while EUR/JPYwas at 135.21, down 0.38% for the day.The euro moved lower after Eurostat said the final reading of the euro zone annual inflation rate was revised to 0.1% from an initial estimate of 0.2%.Core inflation, which excludes volatile food and energy prices, was unchanged at 0.3% from a month earlier and 0.9% on a year-over-year basis.

AUD/USD
The Australian dollar was almost unchanged against its U.S. counterpart on Wednesday, hovering close to a two-week high as investors remained cautious ahead of the Federal Reserve’s highly-anticipated policy statement due the next day.AUD/USD hit 0.7148 during late Asian trade, the session high; the pair subsequently consolidated at 0.7149. The pair was likely to find support at 0.7059, Monday’s low and resistance at 0.7174, the high of August 31.A separate report showed that U.S. industrial production fell 0.4% in August, compared to expectations for a 0.2% downtick. The Aussie was higher against the New Zealand dollar, with AUD/NZD edging up 0.12% to 1.1238.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5520 TARGET 5540 5570 SL 1.5490
  • SELL GBP/USD BELOW 1.5480 TARGET 1.5460 1.5430 SL 1.5500

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

17Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 17 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 30.5 points or 1.07% higher to 2872.44, taking the year-to-date performance to -14.64%.
  • The top active stocks today were SingTel, which gained 0.27%, DBS, which declined 0.34%, Global Logistic, which gained 0.98%, YZJ Shipbldg SGD, which gained 4.24% and Genting Sing, with a 6.16% advance.
  • The FTSE ST Mid Cap Index gained 0.99%, while the FTSE ST Small Cap Index rose 1.20%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 2.31%. The two biggest stocks of the Index – Jardine Cycle & Carriage and Singapore Airlines – ended 0.88% higher and 2.80% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which rose 0.43%. Silverlake Axis shares declined 0.93% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.30%), Dbxt Ft China 25 Etf 10 (+2.64%), Dbxt Msci Taiwan Etf 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+1.38%), Capitacom Trust (+2.30%), Capitamall Trust (+1.07%)
  • The most active index warrants by value today were : HSI22200MBeCW150929 (+83.67%), CN10500MBeCW151127 (+20.90%), HSI20800MBePW150929 (-44.57%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-2.08%), OCBC Bk MBeCW160111 (+4.03%),UOB MB eCW160111 (+2.36%)

STOCK RECOMMENDATION :

  • BUY INNOVALUES ABOVE 0.690 TARGET 0.710 0.740 SL 0.660

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

16Sep

Comex Trading Signals and Market News – 16 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil edged further above $46 a barrel on Tuesday, supported by the prospect of lower U.S. inventories and production although concern about weaker Asian demand kept prices in check.While analysts expect reports this week to show no change in U.S.
  • Gold prices held steady in European morning hours on Tuesday, as markets were jittery ahead of the Federal Reserve’s policy statement this week amid growing uncertainty over a potential rate hike
  • Crude oil gained in early Asia on Tuesday with investors focused on U.S. stockpile estimates from the American Petroleum Institute later in the day.

ECONOMY NEWS :

  • On the New York Mercantile Exchange, WTI crude for October delivery rose 0.17% to $44.16 a barrel.A rise in market expectations for U.S. interest rates as the Federal Reserve starts to normalize policy could cut capital inflows to emerging markets by as much as 45 percent, World Bank economists said in a paper published on Tuesday.
  • Savun Sim looked dejected as a large plastic vacuum hose sucked 2,600 pounds of wild Gulf of Mexico shrimp from his trawler’s ice hold.
  • For the nation’s largest banks, it’s a $10 billion question: Will the U.S. Federal Reserve bump up interest rates in its upcoming meeting, or keep them scraping zero? If the Fed’s decision-makers opt to raise rates in the near term, it will be lucrative for banks’ central business of taking deposits and making loans.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1106 TARGET 1111 1117 SL 1101
  • SELL GOLD BELOW 1102 TARGET 1097 1091 SL 1108

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

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