Daily Archives: October 1, 2015

1Oct

Comex Trading Signals and Market News – 01 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold futures edged lower on Wednesday, as expectations for a U.S. rate hike in the coming months dampened the appeal of    the precious metal.Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $2.20, or 0.2%, to trade at $1,124.60 a troy ounce during European morning hours.Most economists believe the U.S. central bank will begin raising rates in December after holding policy steady in September due to concerns over the global economy, particularly China.
  • Platinum futures struggled near the lowest level since December 2008 on Wednesday, as fears that the Volkswagen (XETRA:VOWG) emissions scandal would reduce demand from the auto sector weighed.Platinum for January delivery on the Comex division of the New York Mercantile Exchange inched up $6.00, or 0.65%, to trade at $924.10 an ounce during U.S. morning hours. Platinum prices are on track for a 14.7% drop in the second quarter, the worst quarterly performance since 2008.
  • Crude oil futures fell in early Asian trade on Wednesday after U.S. inventories showed a weekly buildup that far exceeded analyst expectations.The American Petroleum Institute (API) said late on Tuesday that U.S. crude oil stockpiles rose by 4.6 million barrels to 457.8 million barrels in the week to Sept. 25. Analysts polled by Reuters had expected an increase of only 102,000 barrels.

ECONOMY NEWS :

  • The World Trade Organization cut its forecasts for global goods trade on Wednesday after quarterly growth turned negative,   with trade shrinking by an average of 0.7 percent in the first two quarters of this year.The WTO sees world trade growth of 2.8 percent this year and 3.9 percent in 2016, revised down from the forecasts it made in April of 3.3 percent and 4.0 percent, respectively.
  • A top Federal Reserve official on Wednesday largely dismissed concerns that bond-market liquidity has sharply diminished in the wake of regulatory reforms, saying other changes like the rise in rapid electronic trading may play a bigger role. “The evidence to date that liquidity has diminished markedly is, at best, mixed,” he said at a securities industry event.
  • The U.S. Securities and Exchange Commission (SEC) is expanding an effort that allows its staff to search massive amounts of data for signs of insider trading and other securities violations, a person familiar with the matter said.The SEC is awarding a five-year, $90 million contract to privately held Palantir Technologies to provide software for the detection program, the person said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1116 TARGET 1120 1126 SL 1110
  • SELL GOLD BELOW 1110 TARGET 1105 1099 SL 1116

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

1Oct
Forex Signals

IForex Market Trading Signals and News – 01 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – NZD/USD rises after N.Z. business confidence report
  • Forex – AUD/USD rises despite downbeat Australian housing data
  • Forex – Dollar gains against yen, euro lower

EUR/USD
The euro remained lower against the dollar on Wednesday after data showing that the euro area fell back into negative inflation this month, adding to pressure on the European Central Bank to enlarge its stimulus program. Eurostat , the statistical body of the European Union, reported that the annual rate of inflation in the single currency bloc fell by 0.1% this month, compared to forecasts for a flat reading .It was the first time in six months that the region saw declining inflation.EUR/USD was down 0.2% to 1.1226 from around 1.1220 ahead of the report. The decline in consumer prices was largely due to lower oil prices Eurostat said, with energy prices down 8.9% on a year-over-year basis.The shared currency has been hit by speculation that the ECB could scale up its quantitative easing program after it cut its forecasts for growth and inflation earlier this month .The euro index, which measures the single currency’s strength against a trade-weighted basket of currencies, was down 0.16% to 89.77.

GBP/USD
The pound edged higher against the U.S. dollar on Wednesday, after data showed that the U.K. economy grew in line with expectations in the second quarter, adding to optimism over the health of the British economy.GBP/USD hit 1.5180 during European morning trade, the session high; the pair subsequently consolidated at 1.5172, adding 0.13%. Cable was likely to find support at 1.5125, Tuesday’s low and a four-month low and resistance at 1.5242, Monday’s high. The U.K. Office for National Statistics reported on Wednesday that gross domestic product expanded at a rate of 0.7% in the three months to June, meeting forecasts and unchanged from a preliminary estimate. The U.K. economy grew by 0.4% in the previous quarter. Sterling was also higher against the euro, with EUR/GBP retreating 0.45% to 0.7394.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5220 SL 1.5140
  • SELL GBP/USD BELOW 1.5130 TARGET 1.5110 1.5080 SL 1.5160

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

1Oct
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2.95 points or 0.11% higher to 2790.89, taking the year-to-date performance to – 17.06%.
  • The top active stocks today were DBS, which declined 0.98%, SingTel, which gained 1.41%, UOB, which closed unchanged, OCBC Bank, which gained 0.57% and CapitaLand, with a 2.19% fall.
  • The FTSE ST Mid Cap Index gained 0.99%, while the FTSE ST Small Cap Index declined 0.03%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.49%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 5.51% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.64%. Midas Holdings shares remained unchangedand NSL declined 2.40%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (+0.35%), Is Msci India 100 (+0.89%), Spdr Gold Shares (-0.11%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+2.63%), Capitacom Trust (+1.13%), Capitamall Trust (+0.53%)
  • The most active index warrants by value today were : HSI21400MBeCW151127 (+12.16%), HSI20800MBeCW151029 (+17.69%), HSI21800MBeCW151029 (+18.57%)
  • The most active stock warrants by value today were : UOB MB eCW160201 (-2.84%), DBS MB eCW160201 (-9.76%), OCBC Bk MBeCW160111 (+1.68%)

STOCK RECOMMENDATION :

  • BUY SILVER LAKE ABOVE 0.575 TARGET 0.595 0.625 SL 0.535

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

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