Daily Archives: October 16, 2015

16Oct

Comex Trading Signals and Market News – 16 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper gained on Wednesday. Copper ended the day at Rs 349.20 on 14 October 2015 against 346.90 per kg on 13 October 2015. On Wednesday trading gains are expected to get resisted at Rs 352 and 354 per kg. Supports for Copper is at Rs 345 and Rs 344 per kg. The high for Copper on Wednesday was at Rs 349.45 per kg, and a low of Rs 344.85 per kg was tested. Open interest was at 15928 on 14 October 2015 against on 15277 on 13 October 2015.
  • Gold gained in the intraday trades ending Wednesday. The session saw Gold closing at Rs 27206 per 10 grams on 14 October 2015 against Rs 26979 on 13 October 2015. Resistance for Gold is towards Rs 27300 and Rs 27500. Support in Gold towards Rs 26800 is active. Gold price tested a high of Rs 27290 per 10 grams on 14 October 2015 and a low of Rs 26900 per 10 grams.
  • Crude prices fell in Asia Thursday on reports of a major build in industry estimates of U.S. stockpiles.The American   Petroleum Institute reportedly said that crude supplies jumped by by 9.3 million barrels for the week ended Oct.9, MarketWatch said, citing sources.Separately, Thursday’s government report could show that U.S. crude stockpiles rose by 2.8 million for the week ending on Oct. 9.

ECONOMY NEWS :

  • Japan’s industrial output fell 1.2 percent in August from July, which was bigger than a 0.5 percent drop estimated initially, reports from the Ministry of Economy, Trade and Industry showed Thursday. The decline in shipment was revised to 0.7 percent from 0.5 percent. Inventories rose 0.3 percent instead of 0.4 percent, the ministry said. At the same time, the inventory ratio was revised up to 6.2 percent from 6.1 percent. Capacity utilization logged a monthly drop of 0.9 percent after easing 0.2 percent in July. On a yearly basis, it slid 2.3 percent.
  • Australia unemployment rate came in at a seasonally adjusted 6.2 percent in September, the Australian Bureau of Statistics said on Thursday, in line with forecasts and unchanged from the previous month. The Australian economy lost 5,100 jobs in September to 11,769,900 following the upwardly revised 18,100 increase in August (originally 17,400).
  • A rate hike by the Federal Reserve could have greater global repercussions than in the past because the economy has changed and central banks have little experience moving away from interest rates of zero, European Central Bank Vice President Vitor Constancio said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1187 TARGET 1192 1198 SL 1181
  • SELL GOLD BELOW 1180 TARGET 1175 1169 SL 1186

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

16Oct
forex-trading3

IForex Market Trading Signals and News – 16 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Kiwi climbs to 3-month highs vs. weaker greenback
  • FOREX -Dollar at 7-week lows amid doubts over 2015 Fed rate hike
  • FOREX -Aussie gains on mixed jobs data as unemployment drops

EUR/USD
The euro turned lower against the dollar on Thursday, retreating from seven-week highs after European Central Bank policymaker Ewald Nowotny said fresh measures to bolster price growth in the euro zone are needed. EUR/USD was last down 0.29% to 1.1439 after rising to highs of 1.1496 earlier, the strongest since August 26. The drop in the single currency came after Nowotny, who is a member of the ECB’s governing council said new efforts to boost inflation are needed. Nowotny said that both headline and core inflation in the euro area are “clearly” undershooting the ECB’s target. The dollar weakened broadly on Wednesday after data showing that retail sales edged up 0.1% last month after being flat in August, while core retail sales, which strip out auto sales, fell 0.3%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last at 94.02 after falling to lows of 93.84 overnight, the lowest level since August 26.

GBP/USD
The GBP/USD pair trades flat at 1.5490, oscillating in a narrow range in recent dealing. The major is currently gathering pace to storm through the 1.55 handle and beyond, as the upbeat sentiment in response to the solid rebound in the European stocks, continues to favour the riskier currencies. The pair failed for the fourth time since pre-European open to extend gains beyond the solid barrier placed at 1.55 handle. This may be due to minor-recovery in the greenback, which caps the upside in the cable. Looking ahead, the major will be influenced the US CPI and Philly Fed manufacturing data due later today. While sentiment on the European and US markets will also play a crucial role. The pair has an immediate resistance at 1.5500/02 (round number & Todays High) above which gains could be extended to 1.5531 (Sept 21 High & H1 R3). On the flip side, support is seen at 1.5354 (hourly 50-SMA) below which it could extend losses to 1.5300 (hourly 200-SMA).

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5510 TARGET 1.5530 1.5570 SL 1.5470
  • SELL GBP/USD BELOW 1.5440 TARGET 1.5420 1.5380 SL 1.5470

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

16Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 16 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 31.22 points or 1.05% higher to 3015.14, taking the year-to-date performance to – 10.40%.
  • The top active stocks today were UOB, which gained 1.31%, OCBC Bank, which gained 1.19%, SingTel, which gained 1.04%, DBS, which gained 1.26% and CapitaLand, with a 1.32% advance.
  • The FTSE ST Mid Cap Index gained 0.52%, while the FTSE ST Small Cap Index rose 0.79%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 1.93%. The two biggest stocks of the Index – China Everbright Water and SIIC Environment Holdings – ended 7.04% higher and 2.40% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which rose 0.44%. CapitaMall Trust shares rose 1.00%and Ascendas REIT rose 0.41%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (+0.83%), Sti Etf (+0.66%), Lyxor Asia 10 (-0.43%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.41%), Capitamall Trust (+1.00%), Capitacom Trust (+0.73%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (unchanged), HSI22800MBeCW151029 (+38.89%), HSI22000MBePW151127 (unchanged)
  • The most active stock warrants by value today were : DBS MB eCW160201 (+15.46%), OCBC Bk MBeCW160406 (unchanged), UOB MB eCW160111 (+13.45%).

STOCK RECOMMENDATION :

  • BUY REX INTERNATIONAL ABOVE 0.138 TARGET0.142 0.150 SL 0.133

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

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