Daily Archives: October 15, 2015

15Oct

Comex Trading Signals and Market News – 15 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper futures swung between small gains and losses on Wednesday, as weak China inflation data reinforced views that Beijing will roll out fresh support measures soon for the world’s second largest economy.Copper for December delivery on the Comex division of the New York Mercantile Exchange inched down 0.4 cents, or 0.17%, to trade at $2.384 a pound during morning hours in London.
  • Crude oil futures struggled on Wednesday, after disappointing economic data from China added to worries about its ability to meet its year-end growth target.On the ICE Futures Exchange in London, Brent oil for December delivery inched down 8 cents, or 0.16%, to trade at $49.61 a barrel during European morning hours
  • Gold futures rose for the fourth straight session on Wednesday to hit a three-month high as a broadly weaker U.S. dollar coupled with ongoing expectations that the Federal Reserve will hold off on hiking interest rates until 2016 boosted the appeal of the precious metal. gold prices gained in Asia Wednesday as weak prices data out of China highlighted prospects for continued easy monetary policies.

ECONOMY NEWS :

  • China’s economic growth is expected to fall below 7 percent for the first time since the global financial crisis in the third quarter, putting pressure on policymakers to roll out more support measures as fears of a sharper slowdown spook investors. But even the government concedes the economy is entering a slower growth phase after decades of breakneck expansion.
  • Japan and Iran have reached agreement on an investment accord, which may give a boost to Japanese investments into the Islamic Republic once sanctions are lifted as early as next year, the countries’ foreign ministers said in a statement.Japan is keen to boost ties with Iran and invest in resource projects there, as well as increase crude imports from the Middle Eastern country.
  • 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 1170 TARGET 1175 1181 SL 1164
  • SELL GOLD BELOW 1160 TARGET 1155 1149 SL 1166

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

15Oct

IForex Market Trading Signals and News – 15 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar near 3 1/2-week low, Aussie dogged by China woes
  • FOREX -NZD/USD rises, recovers from RBNZ comments
  • FOREX -AUD/USD slides lower despite positive Australian data

EUR/USD
The EUR/USD continued to gain moving to 1.1372 with no help from today’s eurozone inflation which remained at 0%. The dollar halted its decline leaving the euro overvalued. The dollar was languishing at three-and-a-half week lows against the other major currencies on Wednesday as weak Chinese inflation data fueled expectations that the Federal Reserve will delay hiking rates for longer. EUR/USD was up 0.36% to 1.1420, the most since September 18.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 U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.29% to three-and-a-half week lows of 94.52.

GBP/USD
The pound extended gains against the dollar on Wednesday after data showing that the U.K. unemployment rate fell to a new seven-year low and wage growth continued to outpace inflation. GBP/USD was up 0.75% to 1.5361 from around 1.5301 ahead of the jobs report.The Office for National Statistics said the jobless rate ticked down to 5.4% in the three months to August from 5.5% in the preceding three- month period.It was the lowest unemployment rate since the second quarter of 2008. The Bank of England has said it is closely watching wage growth as it considers when to start raising interest rates.Sterling was also higher against the euro, with EUR/GBP down 0.49% at 0.7425.In the euro zone, data on Thursday showed that industrial production fell 0.5% in August after an upwardly revised 0.8% increase in July.The U.S. dollar index, which measures the greenback’s strength against a trade- weighted basket of six major currencies, was down 0.27% to three-and-a-half week lows of 94.55.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5350 TARGET 1.5370 1.5400 SL 1.5320
  • SELL GBP/USD BELOW 1.5300 TARGET 1.5280 1.5250 SL 1.5330

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

15Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 15 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 0.96 points or 0.03% lower to 2983.92, taking the year-to-date performance to – 11.33%.
  • The top active stocks today were SingTel, which gained 0.26%, DBS, which declined 0.46%, DBXT MSAsExJp US$, which gained 6.04%, CapitaLand, which closed unchanged and UOB, with a 0.45% fall.
  • The FTSE ST Mid Cap Index gained 0.40%, while the FTSE ST Small Cap Index rose 0.15%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.89%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 1.64% higher and 0.35% lower respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.79%. Silverlake Axis shares declined 3.18% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Dbxt Msci Asia Ex Japan Etf 10 (+6.04%), Is Msci India 100 (unchanged), Spdr Gold Shares (+1.65%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitacom Trust (-0.72%), Capitamall Trust (unchanged), Ascendas Reit (unchanged)
  • The most active index warrants by value today were : HSI22400MBeCW151127 (-11.50%), HSI22800MBeCW151029 (-10.00%), HSI22600MBePW151029 (-3.85%)
  • The most active stock warrants by value today were : KepCorp MBeCW160201 (+2.06%), DBS MB eCW160201 (-7.56%, OCBC Bk MBeCW160111 (-8.77%)

STOCK RECOMMENDATION :

  • BUY STRATECH GROUP ABOVE 0.050 TARGET 0.053 0.056 SL 0.046

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

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