Daily Archives: October 12, 2015

12Oct

Comex Trading Signals and Market News – 12 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices edged higher in European morning hours on Friday, as weakness in the U.S. dollar continued after the minutes of the Federal Reserve’s latest policy meeting gave little indication on the timing of a rate hike.On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.08% at $1,145.40.The December contract ended Thursday’s session 0.38% lower at $1,144.30 an ounce.Futures were likely to find support at $1,136.30, the low from October 6 and resistance at $1,152.90, the high from October 7.
  • Crude oil prices edged higher in Asia on Friday as Fed signals that rates will stay on hold and moves afoot to trim output help. On the New York Mercantile Exchange, WTI crude for November delivery rose 0.23% to $49.55 a barrel.Overnight, crude futures surged more than 3% on Thursday to reach fresh monthly highs, as energy traders continued to digest bullish comments from OPEC Secretary-General Abdalla Salem El-Badri on robust global demand growth over the next year.
  • Copper futures were up 1.50% at Rs 344.95 per kg today as speculators enlarged bets, largely in step with a firming trend in base metals at the London Metal Exchange (LME).At Multi Commodity Exchange, copper for delivery in November rose Rs 5.10, or 1.50%, at Rs 344.95 per kg, in a turnover of 4,681 lots. Metal for delivery in far-month February next year also rose Rs 4.80 to trade at Rs 350.60 per kg, with trade volume of 86 lots.

ECONOMY NEWS :

  • International Monetary Fund chief Christine Lagarde said on Thursday the global lender might push ahead with interim steps    to give emerging markets a bigger say despite a stalemate in the U.S. Congress over approval of broader governance reforms. IMF policymakers have said they will come up with ideas on how to push ahead with reform by mid-December. La-garde said time was slipping by.
  • UK deficit on trade in goods fell to GBP 11.1 billion from GBP 12.2 billion in July, the Office for National Statistics reported Friday. It was expected to fall to GBP 9.9 billion. Exports of goods climbed GBP 0.8 billion to GBP 23.6 billion. The increase was attributed to a GBP 0.6 billion growth in shipment of cars to a record high GBP 2.4 billion. Meanwhile, imports fell GBP 0.3 billion to GBP 34.7 billion.
  • The U.S. Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers wanted firmer evidence a global economic slowdown was not knocking America off course.The minutes from the Sept. 16-17 meeting released on Thursday pointed to a deeply cautious Fed even before subsequent economic data showed a sharp slowdown in hiring by U.S. employers.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1158 TARGET 1163 1169 SL 1152
  • SELL GOLD BELOW 1145 TARGET 1140 1134 SL 1152

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

12Oct
forex-trading3

IForex Market Trading Signals and News – 12 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar slides lower vs. rivals after Fed meeting minutes
  • FOREX -Aussie ticks higher as Fed minutes signal hold on rates
  • FOREX -Growth-linked currencies at multi-week highs on risk rally

EUR/USD
The dollar was almost unchanged against the euro on Friday and gained ground against the yen, after the European Central Bank indicated that its policy will remain accomodative for as long as necessary, while the minutes of the Federal Reserve came with no surprises. EUR/USD was steady at 1.1279.In the minutes of the ECB’s September policy meeting, officials said that downside risks to inflation intensified over the summer, but that they need more time to gauge the impact of market volatility and slower growth in China. Meanwhile, the Fed’s September meeting minutes indicated that policymakers were still watching domestic inflation and the impact of slower global growth when considering when to raise interest rates.

GBP/USD
The pound trimmed gains against the U.S. dollar on Friday, pulling back from a two-week high after data showed that the U.K. trade deficit narrowed less-than-expected in August, dampening optimism over the strength of the British economy.GBP/USD pulled back from 1.5383, the pair’s highest since September 22, to hit 1.5346, still up just 0.01%.Cable was likely to find support at 1.5257, Thursday’s low and resistance at 1.5456, the high of September 15.According to the minutes, the path interest rates will follow over the next few years will depend on economic circumstances. Meanwhile, demand for the greenback remained under pressure after the Federal Reserve gave little indication on when it plans to raise interest rates.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5330 TARGET 1.5350 1.5380 SL 1.5300
  • 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.

12Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 12 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 51.47 points or 1.75% higher to 2998.5, taking the year-to-date performance to – 10.90%.
  • The top active stocks today were DBS, which gained 1.55%, SingTel, which gained 2.12%, Noble, which gained 16.05%, Keppel Corp, which gained 3.91% and UOB, with a 1.84% advance.
  • The FTSE ST Mid Cap Index gained 1.32%, while the FTSE ST Small Cap Index rose 0.93%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 3.97%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 5.00% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.76%. Raffles Medical Group shares declined 1.33% and Tianjin Zhongxin Pharmaceutical Group Corporation rose 1.79%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (+1.00%) ,Dbxt Msci Thailand Trn Etf 10 (+3.34%), Dbxt Ft China 25 Etf 10 (+2.56%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+2.15%), Capitamall Trust (+0.51%), Capitacom Trust (-0.36%)
  • The most active index warrants by value today were : HSI22800MBeCW151029 (-1.21%), HSI22600MBePW151029 (-0.64%), HSI21000MBePW151127 (-8.74%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (+8.20%), KepCorp MBeCW160201 (+20.20%), UOB MB eCW160111 (+18.02%)

STOCK RECOMMENDATION :

  • BUY STRATECH GROUP ABOVE 0.051 TARGET 0.054 0.060 SL 0.046

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

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