Daily Archives: October 26, 2015

26Oct

Comex Trading Signals and Market News – 26 October 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold rose Rs 21 to Rs 27,097 per 10 grams in futures trading today as speculators widened bets, tracking a firming trend overseas.At the Multi Commodity Exchange, gold for delivery in far-month February next year edged higher by Rs 21, or 0.08%, to Rs 27,097 per 10 grams, in a business turnover of three lots.
  • Anglo America Copper production decreased by 3% to 171,100 tonnes, largely driven by the sale of the Norte assets, effective for reporting from 1 September2015.Production from retained operations increased by 1%. Production from Los Bronces increased by3% to 98,600 tonnes.Higher grade material was processed to offset water con- straints during July and August. High levels of plant throughput were achieved in September .
  • Oil prices rose on Friday, finding support from brighter economic data and a global stock market rally after the European Central Bank signaled more stimulus.Benchmark Brent crude oil was 20 cents higher at $48.28 a barrel by 5.05 a.m. ET after settling up 23 cents in the previous session. U.S. crude for December was unchanged at $45.38 a barrel, having risen 18 cents on Thursday.

ECONOMY NEWS :

  • US housing market is looking in a good nick. After reporting a massive drop in US existing home sales in the previous month, the National Association of Realtors (NAR) reported yesterday that existing home sales rebounded. NAR said existing home sales jumped 4.7% to an annual rate of 5.55 million in September. The report said the median existing home price for September was $221,900, which is down 2.9% from $228,500 in August but up 6.1% from $209,100 a year ago.
  • India’s central bank said on Thursday it will allow lenders to count short-term bullion deposits under the gold monetisation scheme as part of their cash reserve ratio or statutory liquidity ratios, increasing the appeal of the plan for the sector. The measure was part of the Reserve Bank of India’s guidelines for the gold scheme, which is intended to lure Indian households to deposit gold at lenders in exchange for interest rate payments.
  • The Bank of Japan will cut its growth and inflation outlook for this fiscal year at a rate review next week but only slightly tweak its projections for next year, sources said, possibly tempering expectations that the central bank will soon ease monetary policy further. Finance Minister Taro Aso also expressed doubt on Friday that further monetary stimulus would help achieve the inflation target.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1178 TARGET 1183 1189 SL 1172
  • SELL GOLD BELOW 1162 TARGET 1157 1151 SL 1168

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

26Oct
Forex trading

IForex Market Trading Signals and News – 26 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar extends gains after Draghi remarks, U.S. data
  • FOREX -Euro continues fall on ECB president’s dovish tone
  • FOREX -Dollar slips lower vs. rivals amid profit-taking

EUR/USD
The euro tumbled to three-week lows against the U.S. dollar on Thursday, after European Central Bank President Mario Draghi hinted at the possibility for further easing measures before the end of the year.EUR/USD hit 1.1160 during U.S. morning trade, the pair’s lowest since October 2; the pair subsequently consolidated at 1.1171, plummeting 1.57%. The pair was likely to find support at 1.1132, the low of October 1 and resistance at 1.1351, the session high. The euro was hit after ECB President Draghi said the central bank will “reexamine” its monetary policy in December, hinting at the possibility for further easing measures.In the U.S., the Department of Labor reported on Thursday that the number of individuals filing for initial jobless benefits in the week ending October 17 increased by 3,000 to 259,000 from the previous week’s total of 256,000. Analysts had expected jobless claims to rise by 9,000 to 265,000.

GBP/USD
The pound held steady against the U.S. dollar on Friday, as demand for the greenback weakened mildly amid profit-taking following its broad rally in the previous session.GBP/USD hit 1.5416 during European morning trade, the session high; the pair subsequently consolidated at 1.5401. Cable was likely to find support at 1.5338, the low of September 22 and resistance at 1.5508, Thursday’s high. The greenback was boosted after the U.S. Department of Labor reported on Thursday thatthe number of individuals filing for initial jobless benefits in the week ending October 17 increased by 3,000 to 259,000 from the previous week’s total of 256,000.The U.S. dollar also strengthened broadly after European Central Bank President Mario Draghi said the ECB will “reexamine” its monetary policy in December, hinting at the possibility for further easing measures.

RECOMMENDATION :

  • BUY EUR/USD ABOVE 1.1030 TARGET 1.1050 1.1080 SL 1.1000
  • SELL EUR/USD BELOW 1.0960 TARGET 1.0940 1.0910 SL 1.0990

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

26Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 30.35 points or 1% higher to 3068.46, taking the year-to-date performance to -8.82%.
  • The top active stocks today were SingTel, which gained 2.29%, DBS, which gained 1.12%, Noble, which gained 4.85%, UOB, which gained0.84% and CapitaLand, with a 1.62% advance.
  • The FTSE ST Mid Cap Index gained 0.97%, while the FTSE ST Small Cap Index rose 0.43%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.11%. The two biggest stocks of the Index – SingTel and StarHub – ended 2.29% higher and 0.27% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.21%. Keppel Corp shares declined 0.55% and Sembcorp Industries declined 2.38%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Dbxt Msci Taiwan Etf 10 (unchanged), Is Msci India 100 (+0.28%), Sti Etf (+0.97%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+2.04%), Capitamall Trust (+0.99%), Suntec Reit (+2.13%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (+16.81%), HSI22000MBePW151127 (-23.91%), CN10500MBeCW151127 (+17.31%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (+8.15%), DBS MB eCW160201 (+7.14%), KepCorp MBeCW160201 (-8.08%)

STOCK RECOMMENDATION :

  • BUY QT VASCULAR ABOVE 0.175 TARGET 0.180 0.185 SL 0.168

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