Daily Archives: October 23, 2015

23Oct

Comex Trading Signals and Market News – 23 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper futures fell 0.36% to Rs 341.25 per kg today as speculators trimmed their positions amid a weak trend in global markets.Low demand from consuming industries at domestic spot market also put pressure on prices.At the Multi Commodity Exchange, copper for delivery in November contracts declined by Rs 1.25, or 0.36%, to Rs 341.25 per kg in a business turnover of 3,417 lots.
  • Gold futures struggled for direction on Wednesday, as investors continue to speculate over the timing of a U.S. rate hike.Investors have been trying to gauge when the Federal Reserve will raise interest rates for the first time in nearly a decade after recent economic reports offered a mixed picture of the U.S. economic growth.
  • Oil prices fell on Wednesday after data from an industry group showed a larger-than-expected build in U.S.crude inventories last week, fanning worries over global oversupply, even as a slightly weaker dollar provided some support.Brent crude for December delivery LCOc1 had fallen 16 cents to $48.55 a barrel by 0144 GMT after settling up 10 cents in the previous session.

ECONOMY NEWS :

  • Japan’s all industry activity eased for the second straight month in August, figures from the Ministry of Economy, Trade and Industry showed Wednesday. The all industry activity index dropped a seasonally adjusted 0.2% month-over-month in August, following a 0.1% drop in the previous month.
  • U.S. corn harvest progress pushed ahead of the five-year average this week, the U.S. Department of Agriculture (USDA) reported on Oct. 19. With 59% of the crop harvested as of Oct. 18, ranging from 93% of the Tennessee crop to 25% of Colorado, total progress moved ahead of the five-year average by five percentage points.farmers work hard to get it in the bins.
  • China and Britain have renewed their bilateral local currency swap agreement for a further three years, and increased the swap line from 200 billion yuan to 350 billion yuan (£35.72 billion), the People’s Bank of China (PBOC) said on Wednesday. he renewed pact, announced during a state visit to Britain by Chinese President Xi Jinping, will provide liquidity support for the renminbi market in London and help finance bilateral trade and investment deals, the PBOC said in a statement on its website.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1180 TARGET 1185 1191 SL 1174
  • SELL GOLD BELOW 1172 TARGET 1166 1161 SL 1177

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

23Oct

IForex Market Trading Signals and News – 23 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar little changed after upbeat U.S. housing data
  • FOREX -Growth currencies weaken after Chinese stocks fall sharply
  • FOREX -Euro firms as prospects for ECB easing wane on solid data

EUR/USD
The euro firmed against the dollar on Wednesday after solid euro zone data tempered prospects of the European Central Bank implementing additional stimulus before year-end. The euro was about 0.2 percent to $1.1362 EUR= , adding to Tuesday’s modest gains, after it had struck a 10-day trough of $1.1306 at the start of the week. Against the yen, the euro firmed about 0.2 percent to 136.20 EUR/JPY. The euro’s upturn weighed on the U.S. dollar index against a basket of six major currencies. It dipped about 0.1 percent to 94.782 .DXY , but remained well above last week’s seven-week low of 93.806. Analysts believe the euro is still prone to volatility ahead of the ECB policy meeting on Thursday. While the ECB may not ease this month, markets remain wary of the central bank hinting at more stimulus later this year.

GBP/USD
The pound trimmed losses against the U.S. dollar on Wednesday, easing off a one-week trough after the release of upbeat U.K. data, although demand for the greenback remained mildly supported by the previous session’s U.S. housing data.GBP/USD eased off 1.5415, the pair’s lowest since October 15, to hit 1.5446, steady for the day. The U.K. Office for National Statistics reported that public sector net borrowing fell to £8.63 billion in September from £10.79 billion in August, whose figure was revised from a previously estimated £11.31 billion. Analysts had expected public sector net borrowing to decline to £9.40 billion last month. Meanwhile, the dollar remained supported after the U.S. Commerce Department reported on Tuesday that housing starts rose 6.5% to 1.206 million units last month from August’s total of 1.132 million units.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5480 TARGET 1.5500 1.5530 SL 1.5450
  • SELL GBP/USD BELOW 1.5420 TARGET 1.5400 1.5370 SL 1.5450

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

23Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 6.67 points or 0.22% higher to 3025.7, taking the year-to-date performance to -10.09%.
  • The top active stocks today were SingTel, which gained 0.26%, DBS, which gained 0.85%, Wilmar Intl, which declined 0.32%, Noble, which declined 0.97% and UOB, with a 0.15% advance.
  • The FTSE ST Mid Cap Index gained 0.21%, while the FTSE ST Small Cap Index declined 0.02%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.46%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 0.98% higher and 0.74% lower respectively.
  • The under performing sector was the FTSE ST Health Care Index, which slipped 1.23%. Raffles Medical Group shares remained unchanged and Tianjin Zhongxin Pharmaceutical Group Corporation declined 2.17%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Dbxt Msci Taiwan Etf 10 (+0.20%), Spdr Gold Shares (+0.22%), Sti Etf (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged), Capitamall Trust (+0.49%), Keppel Reit (unchanged)
  • The most active index warrants by value today were : CN10500MBeCW151127 (-14.96%), STI 3000MBeCW151231 (-2.74%), NKY 18000MBePW151211 (-11.72%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (-2.29%), OCBC Bk MBeCW160406 (-2.34%), DBS MB eCW160201 (+3.13%)

STOCK RECOMMENDATION :

  • BUY CHINA FISHERY ABOVE 0.100 TARGET 0.107 0.117 SL 0.92

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

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