Daily Archives: October 13, 2015

13Oct

Comex Trading Signals and Market News – 13 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices gained smartly in Asia on Monday as investors saw the dollar steady to weaker for now as the Federal Reserve appears on hold for rates.On the New York Mercantile Exchange, crude oil for delivery in November gained 1.03% to $49.94 a barrel.Last week, crude oil prices were little changed at the end of a volatile session on Friday having failed to close above the $50 level, but expectations for continued declines in production underpinned prices.
  • Gold prices jumped in Asia on Monday as investors show greater confidence that the Federal Reserve will hold steady in October.Gold for December delivery was up 1.18% to $1,157.80 a troy ounce, while silver futures for December delivery gained 0.60% to $15.860 a troy ounce.Last week, Gold rallied to the highest level in seven weeks on Friday on the back of heightened expectations that the Federal Reserve will hold off on hiking interest rates until 2016.
  • Copper futures jumped to a three-week high on Monday, amid concerns over supply cuts by mining giant Glencore (L:GLEN).Copper for December delivery on the Comex division of the New York Mercantile Exchange hit an intraday peak of $2.435 a pound, the most since September 18, before trading at $2.434 during morning hours in London, up 2.0 cents, or 0.82%.

ECONOMY NEWS :

  • Foreign investors started buying India’s state bonds on Monday for the first time after the central bank said last month it would allow up to 500 billion rupees ($7.72 billion) in staggered investments until March 2018.The first bond bought was 1 billion rupees worth of 8.28 percent 2025 Maharashtra bond at a yield of 7.93 percent, according to the Clearing Corporation of India Ltd data.
  • Left outside the U.S.-backed Trans-Pacific Partnership trade pact struck last week, China and India approach this week’s talks for a huge Asia-wide equivalent with fresh urgency, lest competitor nations steal a march on export access. Beijing is a key driver of the Regional Comprehensive Economic Partnership, a proposed 16-nation free-trade area that would be the world’s biggest such bloc, encompassing 3.4 billion people.
  • U.S. Federal Reserve policymakers are still likely to raise interest rates this year, but that is “an expectation, not a commitment” and could change if the global economy pushes the U.S. economy further off course, Federal Reserve Vice Chairman Stanley Fischer said. “Both the timing of the first rate increase and any subsequent adjustments to the federal-funds-rate target will depend critically on future developments in the economy.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1167 TARGET 1172 1178 SL 1161
  • SELL GOLD BELOW 1160 TARGET 1155 1149 SL 1166

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

13Oct
Forex trading

IForex Market Trading Signals and News – 13 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar languishes near 3-week lows; Aussie retreats
  • FOREX -AUD/USD edges lower but remains close to 1-1/2 month peak
  • FOREX -NZD/USD re-approaches 2-month highs in late trade

JPY/USD
The JPY/USD pair trades modestly flats at 120.17, supported above 120.09 lows, which coincides with the hourly 100-SMA. The USD/JPY continues to trades around a flat-line ahead of the European open as thin volumes and no fresh fundamental triggers keep the major side-lined. The pair is divided by the dropping 2015 Fed rate-hike bets on one hand and further easing talks from the BOJ later this month.However, in the week ahead,inflation figures from the US and China while lot of Fed speaks may provide that much needed impetus to the dollar-yen pair and thus, might break away from the recent range-trade.To the upside, the next resistance is located at 120.25/31 (daily R1 & R2) beyond which 120.56/60 (Oct 5 Highs & 50-DMA) could be tested. Above the last, the pair could climb further towards 121/121.02 (round number & Sept 17 High). To the downside immediate support might be located at 120.04/05 (Hourly 50 & 200-SMA), below which 119.22-21 (Sept 29 & 24 Lows) could be exposed. A breach of the last, the pair could drop to 118.83 (Sept 8 Low) levels.

EUR/USD
The Euro looks poised to continue higher against the US Dollar after prices took out the top of a Triangle consolidation pattern. The breakout suggests the upside correction launched in mid-March has more room to develop before the larger multi-year down trend resumes. Near-term resistance is now at 1.1432, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis opening the door for a challenge of the 50% level at 1.1539. Alternatively, a move below resistance-turned-support at 1.1265 clears the way for a descent to the 1.1028-86 area, marked by the September 3 low and a rising trend line.We continue to see Euro gains as corrective within the context of a structural decline launched in mid-2008. With that in mind, we will opt not to pursue a long position. Instead, we will wait for the upswing to show signs of exhaustion and look to enter short once an attractive opportunity to do so presents itself.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5380 TARGET 1.5400 1.5430 SL 1.5350
  • SELL GBP/USD BELOW 1.5320 TARGET 1.5300 1.5270 SL 1.5350

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

13Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 13 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 33.61 points or 1.12% higher to 3032.11, taking the year-to-date performance to -9.90%.
  • The top active stocks today were SingTel, which gained 1.56%, DBS, which gained 0.45%, UOB, which gained 0.91%, Noble, which gained9.57% and Keppel Corp, with a 0.13% advance.
  • The FTSE ST Mid Cap Index gained 1.18%, while the FTSE ST Small Cap Index rose 0.90%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 2.39%. The two biggest stocks of the Index – Jardine Cycle & Carriage and Singapore Airlines – ended 2.48% higher and 3.98% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.31%. China Everbright Water shares rose 0.69% and SIIC Environment Holdings declined 4.95%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (+1.32%),Spdr Gold Shares (+0.91%),Is Msci India 100 (-0.42%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.84%), Capitamall Trust (+1.01%), Capitacom Trust (+1.08%)
  • The most active index warrants by value today were : HSI22800MBeCW151029 (+13.42%), HSI21000MBePW151127 (-19.15%), CN10500MBeCW151127 (+23.85%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (+6.87%), DBS MB eCW160201 (+1.52%), KepCorp MBeCW160201 (-1.68%)

STOCK RECOMMENDATION :

  • BUY JIUTIAN CHEMICAL GROUP ABOVE 0.024 TARGET 0.0260.030 SL 0.020

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.