Monthly Archives: September 2015

16Sep
forex-trading3

IForex Market Trading Signals and News – 16 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen gains as BoJ holds steady as expected, repeats CPI view
  • Forex – Aussie weaker after RBA minutes discuss impact of China slowdown
  • Forex – USD/JPY lower after BoJ holds, Fed in focus

GBP/USD
The pound edged higher against the U.S. dollar on Tuesday, after data showed that U.K. consumer prices rose in line with expectations last month, while sentiment on the green- back remained vulnerable ahead of the Federal Reserve’s policy statement this week. GBP/USD hit 1.5457 during European morning trade, the session high; the pair subsequently consolidated at 1.5451, adding 0.16%.Cable was likely to find support at 1.5335, the low of September 10 and resistance at 1.5507, the high of August 27.The U.K. Office for National Statistics reported on Tuesday that the consumer price indexrose 0.2% last month, in line with expectations, after a 0.2% fall in July.

GBP/USD
The U.S. dollar dropped against the yen on Tuesday, after the Bank of Japan left its monetary policy unchanged and investors remained cautious ahead of the Federal Reserve’s policy statement due on Thursday.USD/JPY hit 119.75 during late Asian trade, the pair’s lowest since September 8; the pair subsequently consolidated at 119.77, sliding 0.40%. The pair was likely to find support at 118.83, the low of September 8 and resistance at 120.83, Monday’s high.Earlier Tuesday, the BoJ said it had not changed its policy calling for ¥80 trillion in annual asset purchases by the central bank, to help spur inflation and stimulate growth. The yen was higher against the euro, with EUR/JPY declining 0.40% to 135.48.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5360 TARGET 1.5380 1.5410 SL 1.5330
  • SELL GBP/USD BELOW 1.5330 TARGET 1.5310 1.5280 SL 1.5360

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

16Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 16 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 29.53 points or 1.03% lower to 2841.94, taking the year-to-date performance to -15.55%.
  • The top active stocks today were Olam Intl, which gained 0.76%, DBS, which declined 0.74%, Global Logistic, which declined 1.44%, SingTel, which declined 1.08% and UOB, with a 0.92% fall.
  • The FTSE ST Mid Cap Index declined 0.26%, while the FTSE ST Small Cap Index declined 0.43%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 3.71%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 8.00% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 1.63%. Jardine Matheson Holdings shares declined 2.20%and Jardine Strategic Holdings declined 3.10%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.02%), Dbxt Msci Asia Ex Japan Etf 10 (unchanged), Dbxt Csi300 Etf 10 (-4.69%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitacom Trust (+0.39%), Ascendas Reit (-0.46%), Capitamall Trust (-0.27%)
  • The most active index warrants by value today were : HSI22200MBeCW150929 (-19.67%), HSI20800MBePW150929 (+4.55%), HSI22800MBeCW151029 (-12.00%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-7.10%), KepCorp MBePW160201 (+5.16%), OCBC Bk MBeCW160111 (-4.49%)

STOCK RECOMMENDATION :

  • BUY SARINE TECH ABOVE 1.500 TARGET 1.540 1.600 SL 1.440

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

15Sep

IForex Market Trading Signals and News – 15 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Softer dollar slides lower against yen
  • Forex – GBP/USD edges higher as focus remains on Fed
  • Forex – EUR/USD edges up to 2-1/2 week highs with eyes on Fed

EUR/USD
EUR/USD hit 1.1360 during late Asian trade, the pair’s highest since August 27; the pair subsequently consolidated at 1.1351, up 0.11%. The pair was likely to find support at 1.1253, Friday’s low and resistance at 1.1366, the high of August 27.Sentiment on the dollar remained vulnerable amid concerns that mixed U.S. economic reports and recent volatility in global financial markets will prompt the U.S. central bank to refrain from hiking interest rates on Thursday.The euro edged up to two-and-a-half week highs against the U.S. dollar on Monday, as investors remained cautious ahead of the Federal Reserve’s highly-anticipated policy meeting this week.

GBP/USD
The pound edged higher against the U.S. dollar on Monday, as sentiment on the greenback remained vulnerable ahead of the Federal Reserve’s highly-anticipated policy statement on Thursday.GBP/USD hit 1.5471 during European morning trade, the pair’s highest since September 10; the pair subsequently consolidated at 1.5450, adding 0.16%.Cable was likely to find support at 1.5335, the low of September 10 and resistance at 1.5508, the high of August 27.Investors remained cautious amid concerns that mixed U.S. economic reports and recent volatility in global financial markets will prompt the U.S. central bank to refrain from hiking interest rates on Thursday. BTST CASH BUY NILKAMAL AT CMP 916-918 TARGET 930 950 SL 900.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5435 TARGET 1.5455 1.5485 SL 1.5405
  • SELL GBP/USD BELOW 1.5415 TARGET 1.5395 1.5365 SL 1.5445

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

15Sep

Comex Trading Signals and Market News – 15 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Brent crude oil fell on Monday as weaker-than-expected Chinese data weighed on markets, adding to concerns that declining global demand would exacerbate a surplus of crude.
  • Gold prices rose in European morning hours on Monday, but they remained within close distance of Friday’s one-month lows as markets were jittery ahead of the Federal Reserve’s policy statement this week.
  • Use of natural gas has two seasonal peaks, with consumption patterns predominantly driven by weather. The largest peak occurs during the winter, when cold weather increases the demand for natural gas space heating in the residential and commercial sectors, according to EIA.

ECONOMY NEWS :

  • Vaccine billionaire Cyrus Poonawalla has bought a former maharaja’s mansion in Mumbai from the U.S. government for around 7.5 billion rupees ($113 million), newspapers reported, making it the most expensive ever residential purchase in the country.
  • TAIPEI – Central Bank of the Republic of China (Taiwan) announces rate decision – 0900 GMT. PRAGUE – Czech National Bank holds monetary policy meeting to announce interest rates – 1100 GMT. JERUSALEM – Bank of Israel announces rate decision – 1300 GMT .
  • President Barack Obama will announce steps to bolster access to financial aid for students as part of efforts to make college more affordable, the White House said on Sunday. Students also will be able to electronically retrieve tax information filed for a previous year rather than waiting until tax season to finish their applications.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1110 TARGET 1115 1121 SL 1104
  • SELL GOLD BELOW 1106 TARGET 1101 1095 SL 1112

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

15Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 15 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.56 points or 0.57% lower to 2871.47, taking the year-to-date performance to -14.67%.
  • The top active stocks today were DBS, which declined 0.56%, SingTel, which gained closed unchanged, Global Logistic, which gained2.46%, OCBC Bank, which declined 0.33% and UOB, with a 0.05% advance.
  • The FTSE ST Mid Cap Index declined 0.36%, while the FTSE ST Small Cap Index rose 0.02%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.77%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 1.95% higher and 0.74% lower respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.13%. Silverlake Axis shares declined 3.85% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-0.34%), Is Msci India 100 (+1.65%), Spdr Gold Shares (-0.07%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.46%), Capitamall Trust (-1.06%), Capitacom Trust (-1.14%)
  • The most active index warrants by value today were : HSI20800MBePW150929 (-17.76%), HSI22200MBeCW150929 (-17.57%), HSI19600MBePW151029 (-7.83%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-5.49%), UOB MB eCW160111 (-3.50%), OCBC Bk MBeCW160111 (-4.88%)

STOCK RECOMMENDATION :

  • BUY YANGZIJIANG SHIPBLDG ABOVE 1.180 TARGET 1.220 1.260 SL 1.120

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

14Sep

Comex Trading Signals and Market News – 14 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Friday after Saudi Arabia dismissed the idea of an oil producer summit and as Gold- man Sachs (NYSE:GS) cut its crude forecasts.October Brent, the global oil benchmark, fell 65 cents to $48.24 a barrel by 0745 GMT after it settled up $1.31, or 2.8 percent, on Thursday.
  • Gold prices gained mildly in Asia on Friday with weekend data in China in focus and next week’s Federal Reserve meeting on interest rates.China will release retail sales and industrial production figures at the weekend.
  • Crude oil prices fell in Asia on Friday as investors looked ahead to weekend data from China on retail sales and industrial output and took gains from overnight.On the New York Mercantile Exchange, WTI crude for October delivery fell 0.65% to $45.62 a barrel.

ECONOMY NEWS :

  • LONDON (Reuters) – Investors pulled another $19 billion from equity funds over the past week as they sought safety in government bond funds, which have enjoyed the longest run of inflows in four years, Bank of America/Merrill Lynch said on Friday.
  • FRANKFURT (Reuters) – Economic growth in the euro zone is still too weak to create a sufficient number of jobs, European Central Bank Executive Board member Benoit Coeure told a French newspaper group EBRA on Friday. “Growth is still not strong enough to create a sufficient number of jobs,” Coeure told the group.
  • The Chinese currency will remain under pressure as long as U.S. interest rates are set to rise, analysts said. U.S. market rates have already risen in anticipation the Federal Reserve will raise its policy rate by the end of this year for the first time since 2006.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1111 TARGET 1116 1122 SL 1105
  • SELL GOLD BELOW 1108 TARGET 1103 1097 SL 1114

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

14Sep

IForex Market Trading Signals and News – 14 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie weaker after mixed weekend China data
  • Forex – Aussie up in early Asia, focus on China weekend data
  • Forex – Aussie weaker after mixed weekend China data

EUR/USD
EUR/USD surged to its highest level for the month of September on Friday, as currency traders gear up for the possibility of divergent monetary policies on each side of the Atlantic as early as next week if the Federal Reserve raises interest rates at Thursday’s FOMC meeting. The currency pair traded in a broad range between 1.1255 and 1.1350, before settling at 1.1338, up 0.0058 or 0.51%. The euro has now closed higher against its American counterpart for seven consecutive sessions, to enjoy one of its longest winning streaks of the year. EUR/USD ended Friday’s session at its highest closing level since August 25.

AUD/USD
The Aussie held stronger on Friday in Asia with no major data shceduled and investors on hold ahead of weekend Chinese retail sales and industrial production for August.AUD/USD traded at 0.7075, up 0.13%, while USD/JPY changed hands at 120.87, up 0.22%.The U.S. dollar index, which measures the greenback against a trade weighted basket of currencies, was flat at 95.55.Overnight, the dollar slipped lower against the other major currencies on Thursday amid ongoing uncertainty over whether the Federal Reserve will hike rates this month following the release of weak U.S. inflation data.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5475 TARGET 1.5495 1.5525 SL 1.5445
  • SELL GBP/USD BELOW 1.5385 TARGET 1.5365 1.5335 SL 1.5415

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

14Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 14 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 40.15 points or 1.37% lower to 2888.03, taking the year-to-date performance to -14.18%.
  • The top active stocks today were DBS, which declined 1.34%, Singtel, which declined 1.33%, UOB, which declined 1.67%, Global Logistic, which declined 2.40% and OCBC Bank, with a 1.31% fall.
  • The FTSE ST Mid Cap Index declined 1.01%, while the FTSE ST Small Cap Index declined 1.07%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which declined 0.65%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 1.46% higher and 1.50% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.33%. Keppel Corp shares declined 2.14% and Sembcorp Industries declined 3.42%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares Usd Asia Hy Bond ETF (-0.30%), STI ETF (-1.01%), DBXT MSCI Indonesia ETF (-1.06%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.35%), CapitaLand Commercial Trust (-2.59%), CapitaLand Mall Trust (-1.05%)
  • The most active index warrants by value today were : HSI22200MBeCW150929 (-34.51%),HSI20800MBePW150929 (+27.38%), CN10000MBePW150929 (+5.73%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-5.20%),OCBC Bk MBeCW160111 (-5.20%),UOB MB eCW160111 (-11.73%)

STOCK RECOMMENDATION :

  • BUY SARINE TECH ABOVE 1.410 TARGET 1.450 1.510 SL 1.350

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

11Sep

Comex Trading Signals and Market News – 11 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled near the lowest level in four weeks on Thursday, amid worries the Federal Reserve will increase interest rates when it meets on September 16-17. Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up $4.30, or 0.39%, to trade at $1,106.30 a troy ounce during European morning hours.
  • Copper futures held near the prior session’s seven-week high on Thursday, as weak China inflation data reinforced views that Beijing will roll out fresh support measures soon for the world’s second largest economy.
  • Oil prices edged higher on Thursday ahead of weekly U.S. stocks data, despite fresh signs of an economic slowdown in China and Japan that fueled concerns growth could be grinding to a halt. Crude prices have fallen more than 3 percent this week on persistent worries over global demand and a supply glut.

ECONOMY NEWS :

  • The U.S. Justice Department has issued new guidelines that emphasize prosecuting individual executives in white-collar crime cases, and not just their corporations.
  • NEW YORK/SAN JUAN (Reuters) – Puerto Rico’s new plan to haul itself out of a huge financial hole is long on ifs and buts and short on confident predictions.
  • Brazil was awarded an investment-grade rating by S&P in April 2008, when the country’s economy was on the rise. However, since then, a plunge in commodity prices — mainly caused by a drop in Chinese demand — coupled with stringent austerity measures implemented by President Dilma Rousseff’s administration, has created a recession in the country.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1113 TARGET 1118 1124 SL 1107
  • SELL GOLD BELOW 1110 TARGET 1105 1099 SL 1116

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

11Sep
Forex Signals

IForex Market Trading Signals and News – 11 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar higher against yen, kiwi tumbles after rate cut
  • Forex – Aussie holds weaker despite solid jobs data with eye on China
  • Forex – Kiwi down sharply on RBNZ rate cut to 2.75%, Aussie also weaker

EUR/USD
EUR/USD rose considerably on Thursday for its sixth straight winning session, as disappointing U.S. import-export data added further confusion as to whether the Federal Reserve will raise interest rates later next week. The currency pair traded in a broad range between 1.1132 and 1.1295 before settling at 1.1279, up 0.0072 or 0.64% on the session. The euro ended the day at its highest closing level against the dollar in more than a week. EUR/USD has gained nearly 3% in value over the last month of trading. While the euro’s daily gains versus its American counterpart during the recent streak have been modest, Thursday’s move marked the pair’s sharpest appreciation over the period.

AUD/USD
The Aussie held stronger on Friday in Asia with no major data shceduled and investors on hold ahead of weekend Chinese retail sales and industrial production for August. AUD/USD traded at 0.7075, up 0.13%, while USD/JPY changed hands at 120.87, up 0.22%. The U.S. dollar index, which measures the greenback against a trade-weighted basket of currencies, was flat at 95.55. Overnight, the dollar slipped lower against the other major currencies on Thursday amid ongoing uncertainty over whether the Federal Reserve will hike rates this month following the release of weak U.S. inflation data.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5475 TARGET 1.5495 1.5525 SL 1.5445
  • SELL GBP/USD BELOW 1.5370 TARGET 1.5350 1.5320 SL 1.5400

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

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