Daily Archives: October 19, 2015

19Oct

Comex Trading Signals and Market News – 19 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude prices rebounded sharply in early Asia on Friday as overnight declines provided a new buying opportunity even as the U.S. remains significantly oversupplied.On the New York Mercantile Exchange, WTI crude for November delivery jumped 1.19% to $46.93 a barrel.Overnight, U.S. crude futures fell to the lowest level in more than a week on Thursday, as a considerable build in crude stockpiles last week exacerbated concerns over a glut of oversupply on global energy markets.
  • Gold prices slid lower in European morning hours on Friday, as investors locked-in profits from the metal’s rise to four month highs on Thursday and as the dollar regained some strength after the release of positive U.S. jobless claims and inflation data. Overnight, gold futures moved to fresh three month highs on Thursday, as relatively soft U.S. inflation data appeased dovish sentiments for delaying an interest rate hike by the Federal Reserve beyond the end of the year.
  • Silver prices moved down by 0.38 per cent to Rs 37,370 per kg in futures trade today as participants locked-in gains at prevailing levels amid weak trend overseas.In futures trade, silver for delivery in December moved down Rs 143, or 0.38 per cent, to Rs 37,370 per kg at the Multi Commodity Exchange. It clocked a business turnover of 375 lots.

ECONOMY NEWS :

  • China will aim to have the capacity to make 30 million autos a year by 2020, according to an industry association, a figure that is lower than analysts’ estimates of its current annual production capacity. It also aims to lift the market share of Chinese brand vehicles to more than 60 percent, from roughly 41 percent of the passenger car market so far this year, to create five globally competitive automakers.
  • U.S. holiday sales are expected to rise a modest 2.8 percent in 2015, as a sluggish economic recovery is likely to weigh on consumer spending, analytics firm RetailNext said on Friday.The company, which tracks large U.S. retailers and specialty stores, also expects foot traffic to drop 8.1 percent during November and December from a year ago.
  • Eurozone’s August seasonally adjusted trade surplus fell to EUR 19.8 billion from EUR 22.4 billion in July, figures from Eurostat showed Friday. Exports dropped 1.3 percent from July, while imports grew 0.2 percent. On a non-seasonally adjusted basis, the trade surplus rose to EUR 11.2 billion from EUR 7.4 billion from a year ago. Exports rose 6 percent and imports increased 3 percent.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1180 TARGET 1185 1191 SL 1174
  • SELL GOLD BELOW 1170 TARGET 1165 1159 SL 1176

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

19Oct
forex-trading3

IForex Market Trading Signals and News – 19 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Kiwi falls in Asia despite higher than expected Q3 CPI
  • FOREX -Aussie weaker as RBA paints downbeat view on China economy
  • FOREX -Dollar steady vs. euro, higher against yen after strong U.S. data

EUR/USD
The EUR/USD pair falls -0.25% to 1.1358, retreating from fresh two-day lows struck at 1.1354 last minutes. The major ran through fresh offers near the hourly 20-SMA placed at 1.1379 and accelerates losses thereon, with eyes set on the hourly 200-DMA at 1.1338. The EUR/USD pair came under renewed selling pressure after Thursday’s dovish comments from ECB policymaker Ewald Nowotny spurred hopes of further QE expansion by the central bank.More so, the persisting upbeat global sentiment drove the European stocks higher for the second straight session, thus reducing the demand for the euro as a safer bet. The pan European benchmark, the Euro Stoxx 50 jumps 0.93% to 3,267 while the DAX advances 0.78% to 10,141.Looking ahead, the pair will be influenced by the Euro zone final CPI figures ahead of the US economic data releases with the consumer sentiment survey expected to be the main market mover later today.

GBP/USD
The pound held steady against the U.S. dollar on Friday, as the previous session’s upbeat U.S. data continued to support demand for the greenback and investors eyed the release of additional U.S. economic reports later in the day.GBP/USD hit 1.5487 during European morning trade, the session high; the pair subsequently consolidated at 1.5453.Cable was likely to find support at 1.5243, Thursday’s low and resistance at 1.5513, Thursday’s high and a three-week peak.The dollar strengthened broadly after the U.S. Department of Labor reported on Thursday that the number of individuals filing for initial jobless benefits in the week ending October 10 decreased by 7,000 to 255,000 from the previous week’s total of 262,000.Sterling was higher against the euro, with EUR/GBP shedding 0.23% to 0.7345.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5460 TARGET 1.5480 1.5510 SL 1.5420
  • SELL GBP/USD BELOW 1.5400 TARGET 1.5380 1.5350 SL 1.5430

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

19Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 19 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 GEO ENERGY ABOVE 0.155 TARGET 0.160 0.180 SL 0.145

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

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