Daily Archives: October 28, 2015

28Oct

Comex Trading Signals and Market News – 28 October 2015

INTERNATIONAL COMMODITY NEWS :

Copper futures inched higher on Tuesday, as weak Chinese industrial profits data reinforced views that Beijing will roll out additional support measures for the world’s second largest economy.Copper for December delivery on the Comex division of the New York Mercantile Exchange tacked on 2.0 cents, or 0.85%, to trade at $2.377 a pound during morning hours in London. A day earlier, copper rose 0.7 cents, or 0.3%. Data released earlier showed that Chinese industrial profits slipped 0.1% from a year earlier in September, compared to an 8.8% tumble in the previous month. Copper prices have been under pressure in recent sessions as persistent worries about future demand from top consumer China weighed.

Gold futures were little changed on Tuesday, as investors stuck on the sidelines ahead of the Federal Reserve’s two-day monetary policy meeting due to begin later in the day.Gold for December delivery on the Comex division of the New York Mercantile Exchange inched down 10 cents, or 0.01%, to trade at $1,166.10 a troy ounce during European morning hours.Investors were looking ahead to the Fed’s monetary policy statement on Wednesday for any fresh indications on when it may start to hike interest rates.Meanwhile, the U.S. is to release data on durable goods orders at 8:30AM ET on Tuesday, as investors look for fresh readings on the strength of the economy. Gold traders 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.

Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with U.S. inventory data expected to show another increase in crude stocks.Brent (LCOc1) for December delivery had fallen 38 cents to $47.16 a barrel by 0701 GMT, after settling the previous session down 45 cents.U.S. crude (CLc1) for December delivery dropped 53 cents to $43.45 a barrel, having ended the day before down 62 cents.The U.S. benchmark broke a technical support, dropping 65 cents, to hit a nine-week low earlier in the session.An expected further build in U.S. crude stocks last week again raised concerns of an oversupplied market, said Ric Spooner, chief market analyst at Sydney’s CMC Markets.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1167 TARGET 1172 1178 SL 1161
  • SELL GOLD BELOW 1162 TARGET 1157 1151 SL 1168

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

28Oct
forex-trading3

IForex Market Trading Signals and News – 28 October 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar droops as equities come under pressure before Fed meeting
  • FOREX -Safe-haven yen gains in cautious mood ahead of Fed
  • FOREX -AUD/USD almost unchanged in cautious trade

EUR/USD
EUR/USD is showing limited movement on Tuesday, as the pair trades at 1.1050 in the European session. The markets are keeping a close eye on the key event of the week, as the Federal Reserve issues its policy statement on Wednesday. EUR/USD little changed at 1.1050 as diverging monetary expectations continued to weigh on the single currency.The.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, edged down 0.06% to 96.86.

GBP/USD
The pound remained lower against the dollar on Tuesday after data showing that economic growth in the U.K. slowed at a faster than expected rate in the third quarter. GBP/USD was last at 1.5328, off 0.16% for the day from around 1.5329 earlier. The Office for National Statistics said gross domestic product expanded 0.5% in the three months to September, slowing from 0.7% in the second quarter and worse than economists’ forecasts of 0.6% growth.The dollar remained on the back foot after a disappointing report on U.S. home sales prompted investors to trim back expectations for a rate hike before the years end.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5352 TARGET 1.5372 1.5400 SL 1.5322
  • SELL GBP/USD BELOW 1.5310 TARGET 1.5290 1.5260 SL 1.5340

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

28Oct
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 October 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 30.54 points or 0.99% lower to 3052.53, taking the year-to-date performance to -9.29%.
  • The top active stocks today were DBS, which declined 1.61%, Singtel, which declined 1.47%, OCBC Bank, which declined 1.59%, UOB, which declined 1.27% and CapitaLand, with a 0.32% advance.
  • The FTSE ST Mid Cap Index declined 0.73%, while the FTSE ST Small Cap Index declined 0.80%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.25%. The two biggest stocks of the Index – Jardine Cycle & Carriage and Singapore Airlines – ended 0.73% higher and 0.18% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 2.07%. Midas Holdings shares declined 3.00% and NSL rose 0.35%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.01%), Ishares Usd Asia Hy Bond ETF (+2.27%), STI ETF (-1.60%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.03%), CapitaLand Mall Trust (-0.97%), CapitaLand Commercial Trust (-0.35%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (unchanged), HSI22400MBePW151230 (unchanged), HSI22000MBePW151127 (-7.04%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW160406 (-11.54%), DBS MB eCW160201 (-10.61%), UOB MB eCW160111 (-14.00%).

STOCK RECOMMENDATION :

  • BUY INNOVALUES [591] ABOVE 0.780 TARGET 0.805 0.835 SL 0.750

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

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