Daily Archives: October 27, 2015

27Oct

Comex Trading Signals and Market News – 27 October 2015

INTERNATIONAL COMMODITY NEWS :

Crude oil prices remained weak on Monday as a slowing demand outlook implied oversupply will remain in place for months, prompting speculators to cut their bets on rising prices.Front-month U.S. crude futures were trading at $44.77 per barrel at 12.32 a.m. ET, 17 cents above their last close but more than 12 percent below their October peak.International benchmark Brent was 16 cents higher at $48.15 a barrel.ANZ bank said it expected prices to remain low for the rest of this year and that speculators were cutting their bets on higher prices.”Net speculative (U.S.) long positions declined by 13,841 contracts for the week ending 20 October,” ANZ said. “We remain cautious on commodity prices into year-end given weak demand conditions.”

Gold prices rebouned in Asia on Monday as investors looked ahead to a central bank focused week.Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.15% to $1,164.50 a troy ounce.Last week, gold futures declined for the third straight day on Friday, to end the week sharply lower as a broadly stronger U.S. dollar dampened the appeal of the precious metal. The dollar surged against the euro after European Central Bank President Mario Draghi signaled further monetary easing could be on deck for the euro zone as early as December. The comments came at the ECB’s post-meeting press conference on Thursday. Meanwhile, markets began to turn their attention to the Federal Reserve’s policy meeting next week. Investors have been trying to gauge when the Fed will raise interest rates for the first time in nearly a decade after recent economic reports offered a mixed picture of the U.S. economy.

Copper inched up early on Monday after China cut interest rates late last week to shore up growth in the world’s No.2 economy. China’s central bank cut interest rates for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth in its stuttering economy.”While rate cuts will stoke concern over China’s slowdown, the ample room for rate cuts and multiple options to maintain liquidity to (the) real economy greatly reduce downside risks,” Argonaut Security said in a note.

Aluminium prices eased 0.26 per cent and were trading at Rs 95.15 per kg in futures trade today as speculators reduced exposure, driven by sluggish demand from consuming industries at the spot market amid weak trend overseas.At the Multi Commodity Exchange, aluminium for delivery in October shed 25 paise, or 0.26 per cent to Rs 95.15 per kg in business turnover of 620 lots. The November contract traded lower by 20 paise, or 0.21 per cent to Rs 96.95 per kg in 144 lots.Analysts said offloading of positions by speculators amid sluggish demand in the spot market and a weak trend in base metals at the London Metal Exchange, mainly led to decline in aluminium prices at futures trade.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1167 TARGET 1172 1178 SL 1161
  • SELL GOLD BELOW 1160 TARGET 1155 1149 SL 1166

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

27Oct
forex-market-hours

IForex Market Trading Signals and News – 27 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -NZD/USD rises, recovers from China rate cut
  • FOREX -AUD/USD higher but upside seen limited
  • FOREX -Dollar turns lower but losses held in check

EUR/USD
The euro edged higher against the dollar on Monday but gains were held in check by prospects for more central bank easing and after data showing that German business conditions deteriorated this month.EUR/USD was last up 0.12% to 1.1030 after touching highs of 1.1057 earlier. The single currency fell to lows of 1.0995 on Friday, the weakest since August 11.The euro weakened late last week after European Central Bank President Mario Draghi signaled that further monetary easing is likely later this year.

GBP/USD
The GBP/USD pair fell to a low of 1.5306 as the dovish ECB and an interest rate cut from the PBOC led to a broad based strength in the US dollar. The pair suffered a daily close below its 200-DMA. seen at 1.5331. The strong UK retail sales report released last week failed to take out the falling trend line resistance on the daily chart, leading to a sell-off on Friday.The pair remains in the positive territory at the beginning of the week against a backdrop of rising risk appetite and profit taking around the dollar. In the data space, UK’s Mortgage Approvals by BBA have come in on the softer side at 44.489K during September while CBI’s Industrial Trends Survey is due later.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5360 TARGET 1.5380 1.5410 SL 1.5330
  • SELL GBP/USD BELOW 1.5300 TARGET 1.5280 1.5250 SL 1.5330

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

27Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 27 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.46 points or 0.54% higher to 3084.92, taking the year-to-date performance to -8.33%.
  • The top active stocks today were Singtel, which gained 1.24%, DBS, which gained 0.06%, Noble, which gained 3.70%, OCBC Bank, which declined 0.42% and UOB, with a 0.64% advance.
  • The FTSE ST Mid Cap Index gained 0.97%, while the FTSE ST Small Cap Index rose 0.25%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 1.97%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 1.57% higher and 0.74% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.91%. Midas Holdings shares declined 2.90% and NSL rose 0.71%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India (-0.42%), STI ETF (+0.64%), DBXT MSCI Indonesia ETF (+0.93%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.60%), CapitaLand Mall Trust (+0.98%), CapitaLand Commercial Trust (+2.13%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (-12.12%), HSI22000MBePW151127 (+1.43%), CN10500MBeCW151127 (-5.74%)
  • The most active stock warrants by value today were : DBS MB eCW160201 (-2.22%), OCBC Bk MBeCW160406 (-5.11%), UOB MB eCW160111 (+2.74%)

STOCK RECOMMENDATION :

  • BUY DEBAO PROPERTY ABOVE 0.060 TARGET 0.063 0.067 SL 0.056

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

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