Daily Archives: October 5, 2015

5Oct

Comex Trading Signals and Market News – 05 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude oil gained in Asia on Monday as investors saw the supply picture slightly tighter on U.S. rig count data last week. On the New York Mercantile Exchange, crude oil for delivery in November rose 0.22% to $45.64 a barrel. In the week ahead, investors will be focusing on Wednesday’s minutes of the Fed’s September meeting, when the central bank decided to delay hiking rates.
  • Gold held flat to slightly weaker in Asia on Monday as investors took gains from last week and looked ahead to Federal Reserve September meeting minutes this week.Gold for December delivery fell 0.02% to $1,136.40 a troy ounce. Elsewhere in precious metals trading, silver futures for December delivery eased 0.35% to $15.210 a troy ounce and copper fell 0.07% to $2.343 a pound.
  • U.S. crude futures for November delivery were last at $45.22 a barrel, up 1.07% for the day.On the ICE Futures Exchange in London, the November Brent contract were up 0.28% at $47.83 a barrel.Concerns over tensions in Syria grew stronger with the arrival of hundreds of Iranian troops in the country to join a ground offensive in support of government forces, a sign the civil war is turning still more regional and global in scope.

ECONOMY NEWS :

  • Greece must implement its bailout program fast to achieve its main aim of regaining access to market financing and escaping international supervision, re-elected leftist Prime Minister Alexis Tsipras said on Saturday. Speaking to law makers of his Syriza party on the day a new parliament was sworn in, the premier said he aimed to complete the first review of a 86 billion euro bailout agreed in August as soon as possible so Athens could open negotiations with its euro zone partners on debt relief.
  • Six Pacific trading partners are resisting a U.S. push to set rules that would protect patented next-generation medicines from competition from generic drugs for eight years and are insisting on a shorter period of five years as part of a sweeping trade pact, two sources close to the negotiations said on Friday.
  • The United States is a long way from putting in place rules that will protect the financial system and economy from broad risks, due in part to regulatory structure and to the difficulties of predicting the next crisis, a top Federal Reserve official said on Saturday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1140 TARGET 1145 1151 SL 1134
  • SELL GOLD BELOW 1133 TARGET 1128 1122 SL 1139

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

5Oct

IForex Market Trading Signals and News – 05 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – Yen slightly weaker in early Asia with wages data ahead
  • FOREX – USD/CAD falls to 2-week lows after U.S. data
  • FOREX – Yen holds flat after wages gain for second straight month

GBP/USD
The pound rose against the U.S. dollar on Friday, after data showed that construction activity in the U.K. expanded at the fastest rate since March last month, while markets eyed the release of highly-anticipated U.S. employment data later in the day.GBP/USD hit 1.5174 during European morning trade, the session high; the pair subsequently consolidated at 1.5165, rising 0.22%. Cable was likely to find support at 1.5105, Thursday’s low and a nearly five-month low and resistance at 1.5213, the high of September 30.Research group Markit reported on Friday that its U.K. construction purchasing managers’ index rose to a six-month high of 59.9 in September from a reading of 57.3 in August. Analysts had expected the index to tick up to 57.5 last month.

EUR/USD
The euro erased losses against and rose to a two-week peak against the U.S. dollar on Friday, after downbeat U.S. jobs data dampened optimism over the country’s economy, sending the greenback broadly lower. EUR/USD hit 1.1315 during U.S. morning trade, the pair’s highest since September 21; the pair subsequently consolidated at 1.1315, jumping 1.08%.The pair was likely to find support at 1.1136, the session low and resistance at 1.1332, the high of September 21.The U.S. Labor Department reported that the economy added 142.000 jobs in September, confounding expectations for an increase of 203.000. The U.S. created 136.000 jobs in August, whose figure was revised from a previously estimated gain of 173.000.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5230 TARGET 1.5250 1.5280 SL 1.5200
  • SELL GBP/USD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230

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

5Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 05 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended –8.70 points or -0.13% lower 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 MIDAS HLDGS ABOVE 0.290 TARGET 0.320 0.350 SL 0.245

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