Daily Archives: October 7, 2015

7Oct

Comex Trading Signals and Market News – 07 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices held onto overnight gain in Asia on Tuesday with U.S. industry estimates on stockpiles ahead. The American Petroleum Institute will release its estimates of U.S. crude and refined product stocks at the end of last week on late Tuesday to be followed by more closely-watched data from the U.S. Department of Energy on Wednesday.
  • Gold fell in Asia on Tuesday with markets in China shut for holidays and attention on Federal Reserve minutes from the September meeting this week. On the Comex division of the New York Mercantile Exchange, gold for December delivery eased 0.17% to  $1,135.70 a troy ounce. An interest rate hike is viewed as bearish for gold, which struggles to compete with high -yield bearing assets in rising rate environments. gold futures inched down on Monday amid a relatively flat dollar, as a wave of disappointing economic indicators exacerbated fears of a global recession. The poor readings come in the wake of a downbeat U.S. national employment report on Friday, which bolstered dovish sentiments for a delayed interest rate hike by the Federal Reserve.
  • Copper was flat on Tuesday as a week-long holiday in China blunted interest, while comments by the chief of commodities giant Glencore flagging looming supply cuts failed to spur buying.Copper prices have revived from August’s six-year lows below $5,000 a tonne after a string of supply cuts by producers such as Glencore.”China demand has already improved, you have seen a massive decline in bonded inventories, and tenders from the electrical grids have picked up. Wire rod and mill purchases have also increased.”

ECONOMY NEWS :

  • The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. The study, by two left-leaning non-profit groups, found that nearly three-quarters of the firms on the Fortune 500 list of biggest American companies by gross revenue operate tax haven subsidiaries in countries like Bermuda, Ireland,Luxembourg and the Netherlands.
  • Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world’s economy in a deal that faces skepticism from U.S. lawmakers.The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change the cost of products from cheese to cancer treatments and have repercussions for drug companies and automakers.
  • Money is fleeing emerging markets en masse in 2015 for the first time in 27 years and few global investors are tempted to return to equities, currencies or bonds there as many of the populous economies defining the asset class slow inexorably.Over the three decades or so of the modern ’emerging markets’ securities industry, periodic shocks and sharp drawdowns have typically been followed by big returns for those bold enough to snap up cheap assets during the darkest moments.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1139 TARGET 1144 1151 SL 1134
  • SELL GOLD BELOW 1132 TARGET 1127 1121 SL 1138

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

7Oct

IForex Market Trading Signals and News – 07 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -NZD/USD edges up near 5-week highs despite N.Z data
  • FOREX – AUD/USD rises to 2-week highs as RBA holds
  • FOREX -Aussie gains after RBA holds rates steady

JPY/USD
The dollar dipped against the yen on Tuesday, easing back from one-week highs but the yen remained on the defensive amid speculation that the Bank of Japan could soon ease monetary policy, while the euro inched higher. USD/JPY eased 0.19% to 120.23, off overnight highs of 120.57.The yen was lower in early trade as Asian stocks rose to two-week highs as a rebound in oil prices and fading expectations for a rate hike by the Federal Reserve this year boosted risk appetite. In the euro zone, data on Tuesday showed that German factory orders fell unexpectedly in August, adding to concerns that slowing global growth is starting to affect the euro area’s largest economy.Industrial orders fell 1.8% from a month earlier, compared to expectations for a 0.5% increase. The euro was flat against the yen, with EUR/JPY at 134.78.

EUR/USD
The EUR/USD pair trades 0.21% higher at 1.1211, with the 50-DMA located at 1.1227 in sight. The shared currency clings to gains above 1.12 barrier this session, as the greenback remains pressured on the back of falling US treasury yields after the recent weak US macro data pushes Fed rate hike expectations to early 2016. The benchmark 10-year treasury yields drop -0.68% to 2.042%. While the 2-year yields on the US notes drop -1.94% to 0.597%. The EUR/USD pair trades 0.21% higher at 1.1211, with the 50-DMA located at 1.1227 in sight. The shared currency clings to gains above 1.12 barrier this session, as the greenback remains pressured on the back of falling US treasury yields after the recent weak US macro data pushes Fed rate hike expectations to early 2016. The benchmark 10-year treasury yields drop -0.68% to 2.042%. While the 2-year yields on the US notes drop -1.94% to 0.597%.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5200 TARGET 1.5220 1.5250 SL 1.5170
  • SELL GBP/USD BELOW 1.5150 TARGET 1.5130 15100 SL 1.5180

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

7Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 07 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 46.16 points or 1.62% higher to 2897.41, taking the year-to-date performance to-13.90%.
  • The top active stocks today were SingTel, which gained 2.73%, DBS, which gained 2.48%, UOB, which gained 1.45%, Global Logistic, which gained 3.83% and CapitaLand, with a 2.43% advance.
  • The FTSE ST Mid Cap Index gained 0.97%, while the FTSE ST Small Cap Index rose 0.35%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.62%. The two biggest stocks of the Index – SingTel and StarHub – ended 2.73% higher and 1.71% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.05%. Raffles Medical Group shares rose 0.67% and Tianjin Zhongxin Pharmaceutical Group Corporation rose 1.41%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (+1.03%), Is Msci India 100 (unchanged), Spdr Gold Shares (+0.12%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.84%), Capitacom Trust (+2.22%), Capitamall Trust (+1.29%)
  • The most active index warrants by value today were : HSI21800MBeCW151029 (-7.48%), HSI21600MBePW151029 (+3.73%), HSI22800MBeCW151029 (-12.12%)
  • The most active stock warrants by value today were : DBS MB eCW160128 (+20.66%), OCBC Bk MBeCW160111 (+10.69%), KepCorp MBeCW160222 (+6.71%)

STOCK RECOMMENDATION :

  • BUY PACIFIC ANDES ABOVE 0.025 TARGET 0.028 0.033 SL 0.22

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

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