Daily Archives: October 8, 2015

8Oct

Comex Trading Signals and Market News – 08 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices rose in Asia on Wednesday in light trade with China market shut and holding steady from overnight ahead of Federal Reserve meeting minutes for September.On the Comex division of the New York Mercantile Exchange, gold for December delivery rose 0.06% to $1,147.10 a troy ounce.Overnioght, gold futures rose considerably on Tuesday amid a weaker dollar, as the International Monetary Fund cut its forecast for global economic growth for the second time this year.
  • Crude oil prices gained in Asia on Wednesday as investors eyed a drop in U.S. stocks.The American Petroleum Institute’s weekly inventory report showed a drop of 1.2 million barrels last week for crude, though refined products data was not available.On the New York Mercantile Exchange, WTI crude for November delivery rose 0.64% to $48.79 a barrel.
  • Copper climbed in thin trade on Wednesday as the end to a week of holidays in top consumer China neared, and an industry group revised its expectations from a surplus next year to a small deficit. A string of output cuts at copper miners in the past few months has provided fragile support for metals prices beaten down by sluggish demand growth in China, but analysts say more cuts or stronger demand are needed to boost prices.

ECONOMY NEWS :

  • Banks and credit card companies may not force customers to sign away their legal rights to take part in class action lawsuits, under an early-stage U.S. government proposal that is likely to draw ire from Wall Street.The Consumer Financial Protection Bureau said on Wednesday the proposal marked the first step in the process of potentially drafting regulations to ban certain “free pass” arbitration clauses, often buried in fine print, that consumers must sign off on when opening financial accounts.
  • Volkswagen (XETRA:VOWG) shares jumped more than 8% on Wednesday after CEO Matthias Mueller said it will start   recalling cars fitted with emissions-rigging software in January and said all cars affected should be repaired by the end of 2016. The emissions rigging scandal is the largest crisis in Volkswagen’s 78-year history and it has wiped more than a third off its share price and sent shockwaves through the global car industry.
  • India’s government has turned down the military’s request to expand the acquisition of 36 fighter planes from Dassault Aviation SA AVMD.PA to plug vital gaps, officials said, nudging it to accept an indigenous combat plane 32 years in the making. The push for India’s struggling Tejas light combat aircraft (LCA) also comes at a time when the air force is at its weakest operational strength since the 1962 war against China, which is causing anxiety within military circles.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1149 TARGET 1154 1161 SL 1143
  • SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

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

8Oct
forex-trading3

IForex Market Trading Signals and News – 08 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -NZD/USD climbs to 6-week highs in late trade
  • FOREX -Aussie rises to 2-week highs vs. softer greenback
  • FOREX -Yen firms as BOJ offers no hints on further easing of policy

GBP/USD
The GBP/USD pair 0.17% higher at 1.5255, heading for a test of 20-DMA located at 1.5290 levels. The major keeps pushing higher, as the European traders hit their desks and prefer to hold the UK currency in anticipation of a stronger than previous industrial figures from Britain. The UK industrial production results in August are seen advancing 0.3% on a monthly basis after the 0.4% drop reported in July, and adding 1.2% on an annual basis compared to the 0.8% growth reported a month ago. On the USD-side, the renewed strength in the greenback against its major peers appears to have negligible impact on the cable. The USD index rises to 95.60, up 0.06% on the day. Focus now remains on the UK industrial production data and the NIESR GDP estimate due later today for fresh incentives.

EUR/USD
The euro fell to session lows against the dollar and the yen on Wednesday after data showing that German industrial production fell at the fastest rate in a year in August.EUR/USD was down 0.34% to 1.1235 from 1.1271 late Tuesday.Germany’s Economy Ministry said industrial output fell 1.2% from a month earlier, missing forecasts for a 0.2% increase.It was the steepest drop since August 2014, adding to concerns that a slowdown in global growth is spreading to the euro area’s largest economy.But July’s figure was revised up to show an increase of 1.2% from a previously reported rise of 0.7%.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.15% to 95.67. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.15% to 95.67.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5300 TARGET 1.5320 1.5350 SL 1.5270
  • SELL GBP/USD BELOW 1.5250 TARGET 1.5230 1.5200 SL 1.5280

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

8Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 08 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 64.4 points or 2.22% higher to 2961.81, taking the year-to-date performance to – 11.99%.
  • The top active stocks today were DBS, which gained 3.31%, SingTel, which declined 0.27%, OCBC Bank, which gained 2.87%, Keppel Corp, which gained 3.76% and UOB, with a 3.55% advance.
  • The FTSE ST Mid Cap Index gained 1.22%, while the FTSE ST Small Cap Index rose 2.08%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 5.38%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 6.90% higher and 2.77% lower respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.08%. SingTel shares declined 0.27% and StarHub rose 1.69%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.99%), Sti Etf (+2.39%), Spdr Gold Shares (+1.01%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.83%), Capitamall Trust (+0.51%), Capitacom Trust (+1.09%)
  • The most active index warrants by value today were : HSI21800MBeCW151029 (+54.41%), HSI22800MBeCW151029 (+63.79%), HSI21600MBePW151029 (-41.01%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW160111 (+17.24%), KepCorp MBeCW160222 (+15.09%), DBS MB eCW160128 (+23.29%)

STOCK RECOMMENDATION :

  • BUY DEBAO PROPERTY ABOVE 0.046 TARGET 0.048 0.053 SL 0.42

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

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