Monthly Archives: September 2015

2Sep

IForex Market Trading Signals and News – 02 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – Euro holds modest gains after euro zone inflation data
  • FOREX – Dollar lower against euro, yen amid fresh weakness in equities
  • FOREX – Aussie slips lower against greenback

AUD/USD
.The Australian dollar was almost unchanged against its U.S. counterpart on Tuesday, after the Reserve Bank of Australia left interest rates unchanged and the release of upbeat Australian data.AUD/USD hit 0.7154 during late Asian trade, the session high; the pair subsequently consolidated at 0.7115. The pair was likely to find support at 0.7067, the low of August 26 and resistance at 0.7174, Monday’s high. In a widely expected move, the RBA held its benchmark interest rate at a record-low 2.00% on Tuesday. Commenting on the decision, RBA Governor Glenn Stevens said the now four-month long pause on rates was “appropriate” given the moderately growing Australian economy. Separately, the Australian Bureau of Statistics reported that building approvals increased by 4.2% in July, beating expectations for a 2.5% rise. Building approvals declined by 5.2% in June, whose figure was revised from a previously estimated drop of 8.2%.

NZD/USD
New Zealand dollar was higher against its U.S. counterpart on Tuesday, but gains were expected to remain limited as investors turned their attention to the Federal Reserve’s policy meeting this month amid heightened expectations for a rate hike. NZD/USD hit 0.6390 during late Asian trade, the session high; the pair subsequently consolidated at 0.6371, up 0.50%.The pair was likely to find support at 0.6316, Monday’s low and resistance at 0.6481, Monday’s high. The greenback had found support after Fed Vice Chairman Stanley Fischer said Friday it was still too early to decide whether to raise interest rates from near zero at the bank’s September meeting. Market participants were looking ahead to the release of U.S. manufacturing data due later in the day, for further indications on the strength of the economy and the possibility of a rate hike this month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5340 TARGET 1.5360 1.5390 SL 1.5310
  • SELL GBP/USD BELOW 1.5290 TARGET 1.5270 1.5240 SL 1.5320

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

2Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 02 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 38.67 points or 1.32% lower to 2882.77, taking the year-to-date performance to -14.33%.
  • The top active stocks today were DBS, which declined 1.63%, SingTel, which declined 0.80%, UOB, which declined 0.93%, OCBC Bank, which declined 1.23% and Keppel Corp, with a 1.32% fall.
  • The FTSE ST Mid Cap Index declined 1.70%, while the FTSE ST Small Cap Index declined 1.48%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.19%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 2.68% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 3.76%. China Everbright Water shares declined 1.39% and SIIC Environment Holdings declined 4.14%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-2.90%),Sti Etf (-1.68%),Dbxt Ft China 25 Etf 10 (-3.98%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitacom Trust (-2.26%),Capitamall Trust (-1.04%) Ascendas Reit (-2.24%)
  • The most active index warrants by value today were : HSI20800MBePW150929 (+25.34%),HSI22200MBeCW150929 (-32.23%),HSI22800MBeCW151029 (-27.08%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-14.53%),OCBC Bk MBeCW160111 (-14.37%),KepCorp MBeCW160201 (-9.80%)

STOCK RECOMMENDATION :

  • BUY JAYA HOLDINGS ABOVE 0.034 TARGET 0.037 0.045 SL 0.030

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

1Sep

Comex Trading Signals and Market News – 01 September 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled for direction on Monday, as investors looked ahead to Friday’s U.S. jobs report for August, which could help to provide clarity on the likelihood of a near-term interest rate hike.
  • Crude oil futures declined on Monday, as traders cashed out of the market after prices scored their biggest two-day percentage gain since 2009 last week.
  • Copper futures declined on Monday, as worries over China’s slowing economy dampened demand for the red metal.

ECONOMY NEWS :

  • With China’s stock market remaining volatile, the country’s regulators are continuing a crack-down on rumors, which they say are partly to blame for recent falls that have wiped more than 30 percent off the value of Chinese shares.
  • Comments by Federal Reserve Vice Chairman Stanley Fischer over the weekend suggested that the door was still open for a rate hike at the Fed’s next meeting due to take place September 16-17.
  •  The only data scheduled for Monday is the Chicago Purchasing Managers’ index, due for release at 9:45AM ET.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1142 TARGET 1147 1153 SL 1136
  • SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

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

1Sep
Forex Signals

IForex Market Trading Signals and News – 01 September 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – Euro holds modest gains after euro zone inflation data
  • FOREX – Dollar lower against euro, yen amid fresh weakness in equities
  • FOREX – Aussie slips lower against greenback

GBP/USD
The British currency is seen picking up pace gradually versus it’s American peer in the European afternoon, as markets moved past the initial risk-off tone and now await fresh updates from the upcoming US session. The GBP/USD pair trades 0.10% higher at 1.5415, heading for a retest of 1.5437 session highs. The GPB/USD pair keep pushing higher, bouncing-off a brief dip to lows below 1.54 handle as a fresh bid wave seems to have caught the British pound amid lack of fresh fundamentals from the GBP calendar as the UK markets remain closed on summer bank holiday. Moreover, the US dollar remains undermined as falling global equities continue to weigh on the risk sentiment, thereby driving GBP/USD higher. Meanwhile, markets now await US Chicago PMI data due to be released later in the New York session, which will kick-off a data-heavy US calendar for the week ahead.

EUR/USD
The EUR/USD pair starts the week with a slight positive tone, having advanced up to 1.1261 during the Asian session. A stronger Japanese Yen drove the dollar lower across the board, amid falling stocks. Chinese equities are once again under pressure, down 1.5%, as last week intervention optimism seems to be fading. European indexes are struggling around their opening levels, with an increasing bearish potential that should weigh on the greenback if it continues. Germany released its Retail Sales for July, up 1.4% in the month, and 3.3% compared to a year before, which also supported the advance in the EUR.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5436 TARGET 1.5456 1.5486 SL 1.5406
  • SELL GBP/USD BELOW 1.5340 TARGET 1.5320 1.5290 SL 1.5370

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

1Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 01 September 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 34.5 points or 1.17% lower to 2921.44, taking the year-to-date performance to – 13.19%.
  • The top active stocks today were DBS, which declined 1.39%, SingTel, which declined 1.58%, UOB, which declined 1.87%, OCBC Bank, which declined 1.87% and Keppel Corp, with a 2.84% fall.
  • The FTSE ST Mid Cap Index declined 0.42%, while the FTSE ST Small Cap Index declined 0.28%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.42%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 1.96% and 1.09% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.28%. Keppel Corp shares declined 2.84% and Sembcorp Industries declined 2.56%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-0.15%),Sti Etf (-1.00%),Dbxt Msci Asia Ex Japan Etf 10 (+0.48%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-2.04%),Ascendas Reit (+0.91%),Capitacom Trust (-0.75%)
  • The most active index warrants by value today were : HSI20800MBePW150929 (-7.01%),HSI22200MBeCW150929 (-10.37%) , HSI19600MBePW151029 (+15.84%)
  • The most active stock warrants by value today were : KepCorp MBePW160201 (+10.15%) , UOB MB eCW160111 (-9.47%) , KepCorp MBeCW160201 (-12.07%)

STOCK RECOMMENDATION :

  • BUY PACIFIC ANDES [P11] ABOVE 0.026 TARGET 0.028 0.032 SL 0.022

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

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