Daily Archives: October 9, 2015

9Oct

Comex Trading Signals and Market News – 09 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude oil gained in Asia on Thursday despite weak manufacturing figures from Japan and higher U.S. stock-piles than expected reported overnight.On the New York Mercantile Exchange, WTI crude for November rose 0.97% to $48.28 a barrel.Overnight, crude futures see-sawed on a volatile day of trading, amid a stronger than expected build in U.S. crude stockpiles last week.
  • Gold prices dropped in Asia on Thursday as China markets returned from holidays and investors stake positions ahead of Fed minutes later in the day. On the Comex division of the New York Mercantile Exchange, gold for December delivery fell 0.34% to $1,144.80, while silver futures for December delivery dropped 0.74% to $15.975 a troy ounce.
  • Copper slipped on Thursday, while China copper prices rose on a short-covering rally as markets reopened after a week-long break. Copper prices have been supported by expectations of a mild improvement in seasonal demand and cutbacks to supply, despite ongoing worries over China’s growth.

ECONOMY NEWS :

  • China’s foreign exchange reserves fell again in September, for the fifth month in succession. However the drop of $43.3 billion dollars was less than half that in August, when reserves plunged $93.9 billion and set alarm bells ringing about capital outlfows, following China’s devaluation of its currency.
  • Indonesia said it is cutting fuel and electricity prices, providing farmers a safety net and making wage increases more predictable in a third round of measures to boost an economy hit by China’s slowdown and falling commodity prices.
  • Sri Lanka’s 2016 total expenditure is estimated at 3.14 trillion rupees ($22.36 billion) while the total revenue, including foreign grants, is estimated at 1.79 trillion rupees, Cabinet Spokesman Rajitha Senarathne said on Thursday. Senarathne said the Finance Minister sought the approval of the cabinet of ministers to present the appropriation bill for 2016 to Parliament on Oct. 23.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1148 TARGET 1153 1157 SL 1142
  • SELL GOLD BELOW 1140 TARGET 1135 1129 SL 1146

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

9Oct
forex-trading3

IForex Market Trading Signals and News – 09 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar lower against euro, yen before Fed minutes
  • FOREX -Aussie falls against greenback in late trade
  • FOREX -Yen gains despite weak core manufacturing figures

GBP/USD
The pound edged up near two-week highs against the U.S. dollar on Thursday, as markets awaited the Bank of England’s interest rate decision, due later in the trading session. GBP/USD hit 1.5337 during European morning trade, the session high; the pair subsequently consolidated at 1.5330, easing up 0.08%.Cable was likely to find support at 1.5218, Wednesday’s low and resistance at 1.5369, the high of September 23.Later Thursday, the BoE was expected to leave its benchmark interest rate at 0.50% and the level of its monthly asset purchases at £375 billion.Meanwhile, the dollar remained under pressure by diminished expectations for a rate hike by the Fed this year in the wake of last Friday’s unexpectedly weak U.S. jobs report for September.

EUR/USD
The USD is falling against the EUR today, as investors awaited minutes of the last Federal Reserve meeting for clues on monetary policy (18:00 GMT). September FOMC meeting was surprisingly dovish and prompted expectations the Federal Reserve might postpone an interest rate to 2016. Fed funds futures currently do not have a 100% pricing in of a fed funds rate hike to 0.25% until February of 2016. We think such opinions are too dovish and still expect a hike in December. However, today’s minutes are likely to be dovish, as they should shed some light on the reasons for delaying a rate hike. The EUR/USD broke above the 1.1289 high on October 5 and psychological level of 1.1300 today.The next key resistance level is the 61.8% of the 1.1460-1.1105 slide at 1.1324 and then the cloud top at 1.1341. Breaking above these levels will open the way to the target of our long position.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5340 TARGET 1.5360 1.5390 SL 1.5310
  • SELL GBP/USD BELOW 1.5280 TARGET 1.5260 1.5230 SL 1.5310

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

9Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 14.78 points or 0.5% lower to 2947.03, taking the year-to-date performance to -12.43%.
  • The top active stocks today were DBS, which declined 0.34%, SingTel, which gained 0.53%, OCBC Bank, which declined 0.54%, Keppel Corp, which declined 0.28% and UOB, with a 0.05% advance.
  • The FTSE ST Mid Cap Index declined 0.48%, while the FTSE ST Small Cap Index declined 0.29%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 0.38%. The two biggest stocks of the Index – SingTel and StarHub – ended 0.53% higher and 1.11% lower respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 2.20%. Midas Holdings shares declined 3.23% and NSL declined 0.36%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (-0.47%), Is Msci India 100 (-0.84%), Sti Etf (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-2.10%), Capitamall Trust (unchanged), Mapletree Ind Tr (-0.99%)
  • The most active index warrants by value today were : HSI22400MBeCW151127 (unchanged), HSI21600MBePW151029 (+1.22%), HSI22600MBePW151029 (+2.61%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-3.94%), KepCorp MBeCW160201 (unchanged), OCBC Bk MBeCW160111 (+0.59%)

STOCK RECOMMENDATION :

  • BUY YANGZIJIANG SHIP ABOVE 1.245 TARGET 1.285 1.335 SL 1.180

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

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