Daily Archives: October 14, 2015

14Oct

Comex Trading Signals and Market News – 14 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper futures traded 0.66% lower at Rs 346 today on speculators reducing their positions amid weak global cues. At the Multi Commodity Exchange, copper for delivery in November fell by Rs 2.30, or 0.66% at Rs 346 per kg, in a business turnover of 1,369 lots.Similarly, the metal for delivery in far-month February next year was down by Rs 2.20, or 0.62%, at Rs 352 per kg in 51 lots.
  • Gold fell nearly 1 percent on Tuesday, retreating from a three-month high on profit-taking after a two-day rally triggered by expectations the Federal Reserve will not hike U.S. interest rates this year. “It has been an impressive rally for the precious complex since the nonfarm payrolls 10 days ago, however it looks like the momentum is now starting to wane,” said James Gardiner, a bullion trader with MKS Group.
  • Crude oil futures climbed on Tuesday, buoyed by light bargain-hunting after U.S. and Brent crude in the previous session posted their biggest daily percentage declines since the start of September.But a supply surplus and expectations of higher crude inventory stockplies in the United States limited gains.

ECONOMY NEWS :

  • China has completed the construction of the Zangmu hydropower facility in Tibet, the largest so far to be built in the region, the company in charge of building the project said on Tuesday. India has expressed concern that upstream dams could disrupt downstream water supplies.Chinese foreign ministry spokeswoman Hua Chunying said on Tuesday that the two sides continue to communicate on the issue.
  • Germany’s investor confidence index fell to 1.9 in October from 12.1 in September, survey data from the Mannheim based Centre for European Economic Research or ZEW showed Tuesday. This was the lowest score since October 2014, when it stood at -3.6. At the same time, current assessment deteriorated in October. The corresponding index fell to 55.2 from 67.5 in September. The reading was the lowest since March 2015, when the score was 55.1.
  • UK consumer prices dropped 0.1 percent year-on-year in September, after staying flat in August, the Office for National   Statistics showed Tuesday. Consumer prices last declined in April, when it was down 0.1 percent. Core inflation that excludes energy, food, alcoholic beverages and tobacco, remained unchanged at 1 percent in September. On a monthly basis, consumer prices slid 0.1 percent, confounding expectations for a flat change.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1160 TARGET 1165 1171 SL 1155
  • SELL GOLD BELOW 1150 TARGET 1145 1139 SL 1156

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

14Oct
forex-trading3

IForex Market Trading Signals and News – 14 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Yen edges higher as Fed uncertainty pressures dollar
  • FOREX -Dollar index wallows close to 3-week low on Fed uncertainty
  • FOREX -Australian, New Zealand dollars turn lower after rally

EUR/USD
The euro eased back from three-week highs against the dollar on Tuesday after data showing that German economic sentiment deteriorated to the lowest level in a year this month. EUR/USD was last at 1.1372, down from highs of 1.1410 ahead of the report. The ZEW Centre for Economic Research said its index of German economic sentiment fell to 1.9 this month from 12.1 in September, well below economist’s forecasts for a reading of 6.0.It was the sixth consecutive monthly decline.A separate index, measuring current conditions dropped to 55.2 from 67.5 points in September, compared to expectations for a drop to 64.7.“The weakening economic development in emerging markets dampens the economic outlook for Germany’s export-oriented economy,” ZEW President Clemens Fuest said in a statement.“While economic growth in the second quarter was largely driven by external demand, it is becoming less likely that exports will stimulate growth in the near future.”

GBP/USD
The pound weakened broadly on Tuesday after data showed that U.K. inflation turned negative again in September, while the Australian and New Zealand dollars also fell after weak trade data out of China. GBP/USD was down 0.66% to 1.5258 after hitting three-week highs of 1.5388 earlier in the session.The drop in sterling came after the Office for National Statistics reported that the consumer price index fell by 0.1% in September from a year earlier, after a flat reading in August.The weak inflation data dampened expectations for higher interest rates from the Bank of England.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was near three-week lows at 94.81.Investors were looking to U.S. economic reports on retail sales and inflation later in the week for further indications on the possible direction of monetary policy.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5270 TARGET 1.5290 1.5330 SL 1.5240
  • SELL GBP/USD BELOW 1.5210 TARGET 1.5190 1.5160 SL 1.5240

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

14Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 14 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 47.23 points or 1.56% lower to 2984.88, taking the year-to-date performance to -11.30%.
  • The top active stocks today were SingTel, which declined 1.54%, UOB, which declined 0.85%, DBS, which declined 1.46%, CapitaLand, which declined 2.88% and Keppel Corp, with a 3.36% fall.
  • The FTSE ST Mid Cap Index declined 1.33%, while the FTSE ST Small Cap Index declined 1.37%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index, which declined 0.52%.
  • The two biggest stocks of the Index – CapitaMall Trust and Ascendas REIT – closed unchanged and 0.83% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.50%. Keppel Corp shares declined 3.36% and Sembcorp Industries declined 4.33%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Nikko Am Singapore Sti Etf (-0.96%), Is Msci India 100 (-0.98%), Sti Etf (-1.63%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (unchanged), Ascendas Reit (+0.83%), Capitacom Trust (-0.71%)
  • The most active index warrants by value today were : HSI22800MBeCW151029 (-13.98%), HSI22400MBeCW151127 (unchanged), HSI22600MBePW151029 (+12.07%)
  • The most active stock warrants by value today were : KepCorp MBeCW160201 (-17.09%), UOB MB eCW160111 (-7.14%), DBS MB eCW160201 (-11.19%)

STOCK RECOMMENDATION :

  • BUY EMS ENERGY ABOVE 0.022 TARGET 0.025 0.028 SL 0.018

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

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