Daily Archives: October 20, 2015

20Oct

Comex Trading Signals and Market News – 20 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude oil fell in Asia on Monday as investors noted mixed economic data out of China that showed slightly better GDP growth figures than expected. On the New York Mercantile Exchange, crude oil for delivery in November fell 0.17% to $47.64 a barrel.
  • Gold prices fell in Asia on Monday after mixed economic data from China showed lower than expected industrial output, but higher than expected GDP gains. Gold for December delivery on the Comex division of the New York Mercantile Exchange fell 0.68% at $1,175.10 a troy ounce.
  • Oil and Natural Gas Corporation (ONGC) has sought premium gas pricing for an undeveloped deep-sea block in the KG basin, where it plans to invest $6 billion, as top executives are anxious about the viability of the project at the current oil and gas prices.

ECONOMY NEWS :

  • Reserve Bank of India Governor Raghuram Rajan on Monday called for stronger multilateral agencies that can steer global coordination in tackling economic and monetary policy issues, adding emerging markets needed to be part of that debate.
  • A sharper-than-expected slowdown in China’s economy is likely to have broad-based negative implications for global and regional issuers, Fitch Ratings says in its latest edition of the APAC Risk Radar In an alternative scenario to Fitch’s base case, a more severe and abrupt decline in China’s growth rate would dramatically increase the likelihood of liquidity disruptions and market volatility.
  • The euro zone needs additional measures, possibly looser fiscal policy, to secure economic growth, European Central Bank policymaker Ewald Nowotny said in an interview published on Monday.”This applies to structural reforms and fiscal policy,” he said in an interview with Poland’s Rzeczpospolita.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1178 TARGET 1183 1189 SL 1172
  • SELL GOLD BELOW 1170 TARGET 1165 1159 SL 1176

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

20Oct

IForex Market Trading Signals and News – 20 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Aussie down after mixed China data, GDP beats expectations
  • FOREX -Dollar firm on Fed hike prospects, Aussie inches up after China GDP
  • FOREX -Kiwi slips lower against greenback

EUR/USD
The EUR/USD pair rises 0.20% to 1.1370, hovering near fresh session highs reached at 1.1372 last minutes. The major extends its recovery from the Chinese GDP induced drop to the hourly 200-SMA (near 1.1350) and is currently heading towards the daily highs recorded at 1.1379 in early Asia. The EUR/USD pair edges higher this session as the risk-on sentiment spurred by the better than expected Chinese growth numbers fades, with all the Asian indices returning to the red zone. The Nikkei dives deeper in the red, -0.95% while China A50 index losing -0.32%.Meanwhile, the pair will be influenced by the broader market sentiment in absence of no relevant economic data due today. While the trading is expected to remain light as the main focus now remains the key ECB meeting and Draghi’s words due later this week.

GBP/USD
The GBP/USD pair trades 0.17% higher at 1.5467, having found good support near 5-DMA located at 1.5454. The major extends its choppy-trend into the mid-European trades, reversing brief downward spike to 1.5450 levels and now looks to revisit daily highs recorded at 1.5481 in last hours. The pound continues to ride higher versus the US dollar on Monday, as markets continue to cheer last week’s labour data from the UK ahead of Tuesday’s BOE Governor Carney speech. However, further upmoves remain capped amid broad based US dollar rebound as risk-sentiment returned with higher European indices. The USD index gains 0.17% to 94.93. Amid a data-light trading calendar, traders await today’s Fed speakers, including speeches from Lael Brainard and Jeffrey Lacker, with both currently voting members this year.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5480 TARGET 1.5500 1.5530 SL 1.5450
  • SELL GBP/USD BELOW 1.5430 TARGET 1.5410 1.5370 SL 1.5460

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

20Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 20 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 6.11 points or 0.2% lower to 3024.5, taking the year-to-date performance to -10.12%.
  • The top active stocks today were DBS, which gained 0.17%, SingTel, which declined 1.27%, UOB, which declined 0.15%, Noble, which closed unchanged and OCBC Bank, with a 0.21% fall.
  • The FTSE ST Mid Cap Index declined 0.03%, while the FTSE ST Small Cap Index rose 1.11%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.15%. The two biggest stocks of the Index – Midas Holdings and NSL – remained unchanged and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.13%. SingTel shares declined 1.27% and StarHub remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (-0.30%), Sti Etf (unchanged), Dbxt Ftse Vietnam Etf 10 (-0.73%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.99%), Ascendas Reit (-0.82%), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSI22800MBeCW151029 (-14.41%), HSI23400MBeCW151127 (-9.09%), HSI22000MBePW151127 (-3.37%)
  • The most active stock warrants by value today were : KepCorp MBeCW160201 (-10.19%), UOB MB eCW160111 (-5.93%), OCBC Bk MBeCW160406 (-2.22%)

STOCK RECOMMENDATION :

  • BUY JIUTIAN CHEMICAL ABOVE 0.035 TARGET 0.040 0.50 SL 0.028

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