Monthly Archives: October 2015

30Oct

Comex Trading Signals and Market News – 30 October 2015

INTERNATIONAL COMMODITY NEWS :

Copper prices declined on Thursday, as the Federal Reserve left open the possibility of a rate hike in December and amid persistent worries about future demand from top consumer China.Copper for December delivery on the Comex division of the New York Mercantile Exchange shed 2.4 cents, or 0.99%, to trade at $2.339 a pound during morning hours in London. A day earlier, copper ended little changed.The Fed left interest rates unchanged following a two-day policy meeting on Wednesday, as widely expected, but surprised the market with a hawkish statement, which included a direct reference to its next policy meeting. The central bank’s statement did not repeat that global risks would have a likely impact on the U.S. economy, as it warned at its last meeting in September.Investors interpreted that omission as a hawkish signal in deciding when to raise short term rates.

Oil futures pushed lower on Thursday, as a broadly stronger U.S. dollar prompted market players to lock in gains from the previous session’s 6% rally.Crude oil for delivery in December on the New York Mercantile Exchange slumped 61 cents, or 1.34%, to trade at $45.33 a barrel during European morning hours.The U.S. dollar surged to a two-month high against a basket of major currencies early Thursday after the Federal Reserve hinted at a possible rate hike in December. Dollar-denominated oil futures contracts tend to fall when the dollar rises, as this makes oil more expensive for buyers in other currencies. A day earlier, Nymex crude prices soared $2.74, or 6.34%, following the release of bullish U.S. weekly supply data.

Gold prices tumbled to a two-week low on Thursday, after the Federal Reserve signaled that a December rate hike was still on the table.Gold for December delivery on the Comex division of the New York Mercantile Exchange sank $18.00, or 1.53%, to trade at $1,158.10 a troy ounce during European morning hours. It earlier fell to $1,155.00, the lowest since October 13.A day earlier, gold jumped $10.30, or 0.88%, as investors priced in the release of a dovish monetary policy statement from the Federal Reserve. The Fed left interest rates unchanged following a two-day policy meeting on Wednesday, as widely expected, but surprised the market with a hawkish statement, which included a direct reference to its next policy meeting.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1165 TARGET 1170 1176 SL 1159
  • SELL GOLD BELOW 1157 TARGET 1152 1146 SL 1164

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

30Oct
Forex Signals

IForex Market Trading Signals and News – 30 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar slips lower vs. rivals ahead of GDP data
  • FOREX -Dollar eases but still close to 2-1/2 month highs after Fed
  • FOREX -Dollar holds higher ground vs euro as Fed/ECB policies diverge

EUR/USD
EUR/USD has reversed directions on Thursday and posted modest gains. In the European session, the pair is trading at 1.0960. The euro lost over 100 points on Wednesday, as the Fed surprised the markets with a hawkish policy statement. EUR/USD briefly dropped below the 1.09 line, the first time this has happened since August. In Thursday’s economic news, German Unemployment Change met expectations, and we’ll get a look at German CPI later in the day. There are two key releases out of the US on Thursday – Advance GDP and Unemployment Claims. The US will wind up the week with one market-mover on Friday – US Employment Cost Index.

GBP/USD
The GBP/USD pair trades almost unchanged at 1.5265, re-attempting session highs posted at 1.5275 post. European open. The GBP/USD pair remains stuck in a 20-pips narrow over the last few hours, little affected by the release of upbeat datasets from the UK. The mortgage market in the UK remained on a solid footing in September, with an increase in the value of loans remained at more than a seven-year high. While the net-lending figures to individual grew to 4.9B above expectations of a drop to 4.4B.The single currency found some support after data earlier showed that the number of unemployed people in Germany decreased by 5,000 this month, better than expectations for a drop of 4,000.Elsewhere, the dollar was steady against the pound, with GBP/USD at 1.5269.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5280 TARGET 1.5300 1.5330 SL 1.5250
  • SELL GBP/USD BELOW 1.5220 TARGET 1.5200 1.5180 SL 1.5250

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

30Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 39 points or 1.28% lower to 3001.51, taking the year-to-date performance to -10.81%.
  • The top active stocks today were Singtel, which declined 1.98%, DBS, which declined 0.69%, OCBC Bank, which declined 1.30%, CapitaLand, which declined 2.49% and Noble, with a 2.80% fall.
  • The FTSE ST Mid Cap Index declined 0.76%, while the FTSE ST Small Cap Index declined 0.75%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.76%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 3.33% higher and unchanged respectively.
  • The under performing sector was the FTSE ST Real Estate Holding and Development Index, which slipped 1.95%. Hongkong Land Holdings shares declined 2.31% and Global Logistic Properties declined 1.72%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-1.29%),SPDR Gold Shares (-1.04%),Lyxor ETF Indonesia 10 (-5.08%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.82%),CapitaLand Mall Trust (-1.73%),CapitaLand Commercial Trust (-1.40%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (-15.39%),HSI22400MBePW151230 (+12.23%),HSI23800MBeCW151230 (-8.13%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW160406 (-8.33%),DBS MB ePW160111 (+4.62%),DBS MB eCW160201 (-11.43%)

STOCK RECOMMENDATION :

  • BUY LOYZ ENERGY ABVE 0.082 TARGET 0.085 0.090 SL 0.077

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

29Oct

Comex Trading Signals and Market News – 29 October 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices inched higher on Wednesday, as investors looked ahead to the Federal Reserve’s monetary policy statement due later in the session for fresh signals on the timing of a U.S. interest rate hike. Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $5.00, or 0.43%, to trade at $1,170.80 a troy ounce during European morning hours. A day earlier, gold shed 40 cents, or 0.03%. The Fed is widely expected to hold off on raising interest rates at the conclusion of its policy meeting later in the day. The central bank releases its post-meeting statement at 2:00PM ET and investors will be looking for signals on the possibility of a December rate hike.

• West Texas Intermediate oil futures held near a two-month low on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a faster pace than expected last week. Crude oil for delivery in December on the New York Mercantile Exchange inched up 21 cents, or 0.5%, to trade at $43.42 a barrel during European morning hours.On Tuesday, Nymex crude prices lost 78 cents, or 1.77%. It earlier fell to $42.58, a level not seen since August 28, as oversupply concerns remained a factor for oil markets.The U.S. Energy Information Administration will release its weekly report on oil supplies at 10:30AM ET Wednesday. The data was expected to show that crude inventories rose by 3.4 million barrels last week, while gasoline stockpiles were forecast to decline by 0.8 million barrels.

Copper futures fell to a one-week low on Wednesday, as persistent worries about future demand from top consumer China weighed. Copper for December delivery on the Comex division of the New York Mercantile Exchange shed 1.1 cents, or 0.45%, to trade at $2.351 a pound during morning hours in London. It earlier fell to $2.341, the lowest since October 21. On Tuesday, copper inched up 0.5 cents, or 0.21%. Copper prices have been under pressure in recent weeks as fears of a China-led global economic slowdown spooked traders and rattled sentiment.China’s economy grew 6.9% in the third quarter, according to data released earlier in the month, the first time since the global financial crisis that the Asian nation’s gross domestic product has grown less than 7%. Concerns over a global economic slowdown led by China and its impact on U.S. growth prospects have prompted market participants to push back expectations for a rate increase to March 2016, though a few haven’t completely ruled out a move in December.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1175 TARGET 1180 1186 SL 1169
  • SELL GOLD BELOW 1165 TARGET 1160 1154 SL 1159

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

29Oct

IForex Market Trading Signals and News – 29 October 2015

INTERNATIONAL CURRENCY BUZZ :

FOREX -Dollar edges up as Fed statement looms
FOREX -NZD/USD falls ahead of Fed, RBNZ statements
FOREX -AUD/USD drops to 1-month lows on Australian inflation data

EUR/USD
EUR/USD treaded water during the session . The range of trading did not exceed 50 pips, while important US fundamentals failed to provide this currency pair with any momentum. Bears want to push the cross below monthly S1 at 1.1022, but they will have to overcome the long term downtrend at first. As the US is heading towards FOMC meeting later on Wednesday, EUR/USD will most likely remain vulnerable to any influential events. In case more members decide to vote for a rate hike, we may see the cross trading below 1.10. Meanwhile, daily indicators prefer to stay neutral at the moment.

GBP/USD
The GBP/USD pair fell during the course of the day on Tuesday, but did bounce a little bit towards the end. Nonetheless, this looks like a market that although soft, isn’t quite ready to go anywhere yet. We believe that the market continues to go back and forth during the course of the next several sessions, thereby making it almost impossible to trade at this point in time. The 1.52 level below is massively supportive, while the 1.55 level above is massively resistive. Because of this, we are actually going to step to the sidelines. Moreover, rebounding oil prices and solid gains on the UK’s FTSE index also boosts the sentiment around the British pound, keeping GBP/USD supported. Meanwhile, the major continues to track the broader sentiment with the focus now shifting to the much awaited FOMC decision.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5320 TARGET 1.5340 1.5380 SL 1.5282
  • SELL GBP/USD BELOW 1.5250 TARGET 1.5210 1.5170 SL 1.5290

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

29Oct
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 12.02 points or 0.39% lower to 3040.51, taking the year-to-date performance to-9.65%.
  • The top active stocks today were DBS, which declined 1.52%, Singtel, which gained 1.00%, OCBC Bank, which declined 0.86%, UOB, which declined 1.33% and Noble, unchanged.
  • The FTSE ST Mid Cap Index declined 0.23%, while the FTSE ST Small Cap Index declined 0.27%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 0.87%. The two biggest stocks of the Index – Singtel and StarHub – ended 1.00% higher and 0.27% lower respectively.
  • The underperforming sector was the FTSE ST Financials Index, which slipped 0.76%. DBS Group Holdings shares declined 1.52% and OCBC declined 0.86%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Indonesia ETF (-0.83%), Lyxor China H 10 (-1.07%), Lyxor Hang Seng Index Fund 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-2.79%), CapitaLand Mall Trust (-1.46%), Mapletree Ind Tr (+0.33%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (-10.35%), HSI22400MBePW151230 (+6.92%), HSI22000MBePW151127 (+6.06%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (-10.08%), DBS MB eCW160201 (-11.02%), DBS MB ePW160111 (+7.45%)

STOCK RECOMMENDATION :

  • BUY ADDVALUE TECH ABOVE 0.073 TARGET 0.075 0.079 SL 0.067

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

28Oct

Comex Trading Signals and Market News – 28 October 2015

INTERNATIONAL COMMODITY NEWS :

Copper futures inched higher on Tuesday, as weak Chinese industrial profits data reinforced views that Beijing will roll out additional support measures for the world’s second largest economy.Copper for December delivery on the Comex division of the New York Mercantile Exchange tacked on 2.0 cents, or 0.85%, to trade at $2.377 a pound during morning hours in London. A day earlier, copper rose 0.7 cents, or 0.3%. Data released earlier showed that Chinese industrial profits slipped 0.1% from a year earlier in September, compared to an 8.8% tumble in the previous month. Copper prices have been under pressure in recent sessions as persistent worries about future demand from top consumer China weighed.

Gold futures were little changed on Tuesday, as investors stuck on the sidelines ahead of the Federal Reserve’s two-day monetary policy meeting due to begin later in the day.Gold for December delivery on the Comex division of the New York Mercantile Exchange inched down 10 cents, or 0.01%, to trade at $1,166.10 a troy ounce during European morning hours.Investors were looking ahead to the Fed’s monetary policy statement on Wednesday for any fresh indications on when it may start to hike interest rates.Meanwhile, the U.S. is to release data on durable goods orders at 8:30AM ET on Tuesday, as investors look for fresh readings on the strength of the economy. Gold traders have been trying to gauge when the Fed will raise interest rates for the first time in nearly a decade after recent economic reports offered a mixed picture of the U.S. economy.

Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with U.S. inventory data expected to show another increase in crude stocks.Brent (LCOc1) for December delivery had fallen 38 cents to $47.16 a barrel by 0701 GMT, after settling the previous session down 45 cents.U.S. crude (CLc1) for December delivery dropped 53 cents to $43.45 a barrel, having ended the day before down 62 cents.The U.S. benchmark broke a technical support, dropping 65 cents, to hit a nine-week low earlier in the session.An expected further build in U.S. crude stocks last week again raised concerns of an oversupplied market, said Ric Spooner, chief market analyst at Sydney’s CMC Markets.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1167 TARGET 1172 1178 SL 1161
  • SELL GOLD BELOW 1162 TARGET 1157 1151 SL 1168

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

28Oct
forex-trading3

IForex Market Trading Signals and News – 28 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar droops as equities come under pressure before Fed meeting
  • FOREX -Safe-haven yen gains in cautious mood ahead of Fed
  • FOREX -AUD/USD almost unchanged in cautious trade

EUR/USD
EUR/USD is showing limited movement on Tuesday, as the pair trades at 1.1050 in the European session. The markets are keeping a close eye on the key event of the week, as the Federal Reserve issues its policy statement on Wednesday. EUR/USD little changed at 1.1050 as diverging monetary expectations continued to weigh on the single currency.The.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, edged down 0.06% to 96.86.

GBP/USD
The pound remained lower against the dollar on Tuesday after data showing that economic growth in the U.K. slowed at a faster than expected rate in the third quarter. GBP/USD was last at 1.5328, off 0.16% for the day from around 1.5329 earlier. The Office for National Statistics said gross domestic product expanded 0.5% in the three months to September, slowing from 0.7% in the second quarter and worse than economists’ forecasts of 0.6% growth.The dollar remained on the back foot after a disappointing report on U.S. home sales prompted investors to trim back expectations for a rate hike before the years end.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5352 TARGET 1.5372 1.5400 SL 1.5322
  • SELL GBP/USD BELOW 1.5310 TARGET 1.5290 1.5260 SL 1.5340

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

28Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 30.54 points or 0.99% lower to 3052.53, taking the year-to-date performance to -9.29%.
  • The top active stocks today were DBS, which declined 1.61%, Singtel, which declined 1.47%, OCBC Bank, which declined 1.59%, UOB, which declined 1.27% and CapitaLand, with a 0.32% advance.
  • The FTSE ST Mid Cap Index declined 0.73%, while the FTSE ST Small Cap Index declined 0.80%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.25%. The two biggest stocks of the Index – Jardine Cycle & Carriage and Singapore Airlines – ended 0.73% higher and 0.18% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 2.07%. Midas Holdings shares declined 3.00% and NSL rose 0.35%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.01%), Ishares Usd Asia Hy Bond ETF (+2.27%), STI ETF (-1.60%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.03%), CapitaLand Mall Trust (-0.97%), CapitaLand Commercial Trust (-0.35%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (unchanged), HSI22400MBePW151230 (unchanged), HSI22000MBePW151127 (-7.04%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW160406 (-11.54%), DBS MB eCW160201 (-10.61%), UOB MB eCW160111 (-14.00%).

STOCK RECOMMENDATION :

  • BUY INNOVALUES [591] ABOVE 0.780 TARGET 0.805 0.835 SL 0.750

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

27Oct

Comex Trading Signals and Market News – 27 October 2015

INTERNATIONAL COMMODITY NEWS :

Crude oil prices remained weak on Monday as a slowing demand outlook implied oversupply will remain in place for months, prompting speculators to cut their bets on rising prices.Front-month U.S. crude futures were trading at $44.77 per barrel at 12.32 a.m. ET, 17 cents above their last close but more than 12 percent below their October peak.International benchmark Brent was 16 cents higher at $48.15 a barrel.ANZ bank said it expected prices to remain low for the rest of this year and that speculators were cutting their bets on higher prices.”Net speculative (U.S.) long positions declined by 13,841 contracts for the week ending 20 October,” ANZ said. “We remain cautious on commodity prices into year-end given weak demand conditions.”

Gold prices rebouned in Asia on Monday as investors looked ahead to a central bank focused week.Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.15% to $1,164.50 a troy ounce.Last week, gold futures declined for the third straight day on Friday, to end the week sharply lower as a broadly stronger U.S. dollar dampened the appeal of the precious metal. The dollar surged against the euro after European Central Bank President Mario Draghi signaled further monetary easing could be on deck for the euro zone as early as December. The comments came at the ECB’s post-meeting press conference on Thursday. Meanwhile, markets began to turn their attention to the Federal Reserve’s policy meeting next week. Investors have been trying to gauge when the Fed will raise interest rates for the first time in nearly a decade after recent economic reports offered a mixed picture of the U.S. economy.

Copper inched up early on Monday after China cut interest rates late last week to shore up growth in the world’s No.2 economy. China’s central bank cut interest rates for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth in its stuttering economy.”While rate cuts will stoke concern over China’s slowdown, the ample room for rate cuts and multiple options to maintain liquidity to (the) real economy greatly reduce downside risks,” Argonaut Security said in a note.

Aluminium prices eased 0.26 per cent and were trading at Rs 95.15 per kg in futures trade today as speculators reduced exposure, driven by sluggish demand from consuming industries at the spot market amid weak trend overseas.At the Multi Commodity Exchange, aluminium for delivery in October shed 25 paise, or 0.26 per cent to Rs 95.15 per kg in business turnover of 620 lots. The November contract traded lower by 20 paise, or 0.21 per cent to Rs 96.95 per kg in 144 lots.Analysts said offloading of positions by speculators amid sluggish demand in the spot market and a weak trend in base metals at the London Metal Exchange, mainly led to decline in aluminium prices at futures trade.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1167 TARGET 1172 1178 SL 1161
  • SELL GOLD BELOW 1160 TARGET 1155 1149 SL 1166

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

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