Monthly Archives: November 2015

30Nov

Comex Trading Signals and Market News – 30 November 2015

INTERNATIONAL COMMODITY NEWS :

  • U.S. crude futures fell more than 2% as the dollar approached near 12-month highs on a light day of trading following the Thanksgiving holiday.On the New York Mercantile Exchange, WTI crude traded between $41.61 and $42.74 a barrel, before settling at 41.77, down 1.27 or 2.95% on the session.
  • Gold futures plunged to six-year lows amid a stronger dollar, as traders brace for a likely interest rate hike by the Federal Reserve next month in a major policy shift that could dampen long-term optimism for the precious metal. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded in a broad range between $1,051.20 and $1,072.60 an ounce, before settling at $1,057.10, down 12.90 or 1.21% on the session.
  • Taking weak cues from overseas markets, silver prices dropped by Rs 202 to Rs 34,511 per kg in futures trade today as participants cut down their bets.At the Multi Commodity Exchange, silver for delivery in far-month March 2016 was trading lower by Rs 202, or 0.58%, to Rs 34,511 per kg in a business turnover of 202 lots.Similarly, the white metal for delivery in December declined by Rs 141, or 0.41%, to Rs 33,940 per kg in a business volume of 624 lots.

ECONOMY NEWS :

  • UK gross domestic product climbed 0.5 percent from prior quarter, unrevised from the prior estimate released on October 27, second estimates published by the Office for National Statistics showed Friday. This was the eleventh consecutive quarters of positive growth. In the second quarter, the economy had expanded 0.7 percent. On a yearly basis, GDP rose 2.3 percent, in line with preliminary estimate. Among main output industrial groupings, production output gained 0.2 percent, which was revised down from 0.3 percent.
  • Japan’s core consumer prices excluding fresh food dropped 0.1 percent year-over-year in October, the same rate of decrease as seen in September, the Ministry of Internal Affairs and Communications reported Friday. This was the third consecutive decline in prices. Month-on-month, core consumer prices edged up 0.1 percent in October.
  • UK house prices advanced at a pace of 3.7 percent year-on-year in November, following October’s 3.9 percent increase, data published by the Nationwide Building Society showed Friday. It was the weakest increase since August when prices climbed 3.2 percent. Likewise, monthly growth eased to 0.1 percent from 0.5 percent a month ago.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1065 TARGET 1070 1076 SL 1059
  • SELL GOLD BELOW 1055 TARGET 1050 1044 SL 1061

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

30Nov
forex-trading3

IForex Market Trading Signals and News – 30 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Euro steadies, eyes on central banks next week
  • FOREX -Dollar subdued in post-holiday trade, euro under pressure
  • FOREX -Won, rupiah, Philippine peso, yuan dip

EUR/USD
.The euro re-approached seven-month lows against the U.S. dollar on Friday, as expectations for a December rate hike in the U.S. broadly supported the greenback, while speculation over additional easing measures in the euro zone pressured the single currency lower. EUR/USD hit 1.0569 during U.S. morning trade, the pair’s lowest since Wednesday; the pair subsequently consolidated at 1.0583, sliding 0.27%. The pair was likely to find support at 1.0564, Wednesday’s low and a seven-month low and resistance at 1.0690, Wednesday’s high.The greenback remained broadly supported after a string of upbeat U.S. data released over the week added to expectations that the Federal Reserve will raise interest rates next month.The euro was steady against the pound, with EUR/GBP at 0.7026.In the U.K., the Office for National Statistics reported on Friday that gross domestic productrose 0.5% in the third quarter, in line with expectations and with a previous estimate.

GBP/USD
The pound slipped lower against the U.S. dollar on Friday, re-approaching a seven-month trough even after data showed that the U.K. economy grew in line with expectations in the third quarter, as hopes for a U.S. rate hike before the year-end continued to support the greenback. GBP/USD hit 1.5054 during European morning trade, the pair’s lowest since November 25; the pair subsequently consolidated at 1.5061, shedding 0.28%. Cable was likely to find support at 1.5023, the low of November 6 and resistance at 1.5137, the high of November 25.The U.K. Office for National Statistics reported that gross domestic product rose 0.5% in the third quarter, in line with expectations and with a previous estimate.Meanwhile, the dollar remained broadly supported after a string of up- beat U.S. data released over the week added to expectations that the Federal Reserve will raise interest rates next month. Sterling was lower against the euro, with EUR/GBP adding 0.21% to 0.7040.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5070 TARGET 1.5090 1.5120 SL 1.5040
  • SELL GBP/USD BELOW 1.5030 TARGET 1.5010 1.4980 SL 1.5060

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

30Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 25.57 points or 0.89% lower to 2859.12, taking the year-to-date performance to -15.04%.
  • The top active stocks today were OCBC Bank, which declined 0.46%, SingTel, which declined 0.26%, UOB, which declined 0.10%, DBS, which declined 0.36% and Global Logistic, with a 2.44% fall.
  • The FTSE ST Mid Cap Index declined 0.48%, while the FTSE ST Small Cap Index rose 0.03%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.53%. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation – ended 0.48% higher and 4.17% lower respectively.
  • The underperforming sector was the FTSE ST Consumer Services Index, which slipped 1.70%. Jardine Cycle & Carriage shares declined1.41% and Singapore Airlines declined 1.82%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares Usd Asia Bond Etf (-0.67%), Spdr Gold Shares (-0.36%), Sti Etf (-1.02%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.42%), Capitamall Trust (-1.32%), Capitacom Trust (-0.38%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (-36.89%), HSI22400MBePW151230 (+32.06%), HSI21400MBePW151230 (+44.78%)
  • The most active stock warrants by value today were : UOB MB eCW160404 (-11.49%), UOB MB eCW160201 (-5.11%), DBS MB eCW160404 (-7.14%)

STOCK RECOMMENDATION :

  • BUY GEO ENERGY ABOVE 0.145 TARGET 0.150 0.158 SL 0.138

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

27Nov

Comex Trading Signals and Market News – 27 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices surged on Thursday, along with other base metals such asnickel and zinc, as China regulators were said to consider a probe into metal short-selling in the local market.Copper for March delivery on the Comex division of the New York Mercantile Exchange rallied 5.3 cents, or 2.59%, to trade at $2.102 a pound during morning hours in London.
  • Gold struggled near six-year lows in holiday-thinned trade on Thursday, after a recent batch of upbeat U.S. economic data reinforced expectations for a Fed rate hike next month.Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $1.20, or 0.11%, to trade at $1,071.20 a troy ounce during European morning hours
  • Oil fell on Thursday as fears of escalating violence causing supply disruption in the Middle East faded and focus returned to a persistent market glut and increased global output.Brent was down 46 cents to $45.71 a barrel at 0859 GMT.West Texas Intermediate (WTI) futures were down 21 cents at $42.83 per barrel after the U.S. crude rose to $43.30 earlier the session.

ECONOMY NEWS :

  • Eurozone broad monetary aggregate M3 increased 5.3 percent, faster than the 4.9 percent growth registered in September, the European Central Bank reported Thursday. The growth averaged 5.1 percent in three months to October. At the same time, the narrower aggregate M1, which includes currency in circulation and overnight deposits, climbed 11.8 percent annually after rising 11.7 percent in September.
  • Japan’s biggest business lobby forecast on Thursday that capital spending could grow 14 percent over the next three years if the government adopts sweeping reforms, including a swift cut in the corporate tax rate. The ambitious projection – for capital spending to hit 81.7 trillion yen (441 billion pounds) in the fiscal year that starts from April 2018 – was presented by Keidanren during a meeting between cabinet ministers and business leaders.
  • A proposed new Indian sales tax should be set at a rate of less than 20 percent, the opposition Congress party said on Thursday, signalling willingness to compromise as long as the government takes into account its concerns. The comments by senior Congress leader Anand Sharma came as parliament opened its winter session, with a proposed goods and services tax (GST) topping the to-do list of Prime Minister Narendra Modi’s nationalist government.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075 TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1066 TARGET 1061 1055 SL 1072

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

27Nov
forex-market-hours

IForex Market Trading Signals and News – 27 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -NZD/USD edges higher but gains limited
  • FOREX -Dollar back on bullish footing on upbeat data, shaky euro
  • FOREX -AUD/USD drops after downbeat Australian data

EUR/USD
The euro slid against the dollar on Thursday, re-approaching seven-month lows amid heightened expectations that the European Central Bank will announce further monetary stimulus measures at its upcoming meeting next week.EUR/USD eased 0.13% to 1.0610, nearing Wednesday’s lows of 1.0565, the weakest level since April 14.The euro remained under pressure amid heightened expectations that the ECB will implement fresh measures to combat slowing growth and inflation in the euro area.Late last week ECB head Mario Draghi gave the clearest signal yet that the bank will unleash new easing measures, saying the back is ready to act quickly to boost inflation in the region. The euro fell to seven month lows against the yen overnight, with EUR/JPY hitting 129.89, be- fore edging back up to 130.14.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 99.9, not far from Wednesday’s peaks of 100.21.

GBP/USD
The GBP/USD pair trades -0.24% lower at 1.5091, having posted fresh session lows at 1.5087 last minutes. The US dollar regained lost momentum and resumed its ongoing bullish run against its major competitors, sending GBP/USD further below 1.51 handle. The pound turned back in the red after the UK’s Autumn forecasts-led robust recovery, as the recent dovish comments from BOE officials continue to haunt investors’ minds while the Fed is moving towards the first rate hike in almost a decade next month. In the day ahead, GBP/USD is likely to trade lack-lustre both UK and European markets aren’t expected to provide much in terms of fundamental drivers, while the US starts the Thanksgiving holiday. While attention now turns to the UK GDP figures due tomorrow. The pair has an immediate resistance at 1.5123 (5-DMA), above which 1.5174 (10-DMA) would be tested. On the flip side, support is seen at 1.5051 (Nov 24 Low) below which it could extend losses to 1.5038 (Nov 9 Low).

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5090 TARGET 1.5110 1.5140 SL 1.5060
  • SELL GBP/USD BELOW 1.5050 TARGET 1.5020 1.4990 SL 1.5080

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

27Nov
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 6.89 points or 0.24% lower to 2884.69, taking the year-to-date performance to – 14.28%.
  • The top active stocks today were OCBC Bank, which declined 0.91%, SingTel, which gained 0.26%, UOB, which declined 1.79%, DBS, which declined 0.36% and Global Logistic, with a 1.91% fall.
  • The FTSE ST Mid Cap Index declined 0.05%, while the FTSE ST Small Cap Index declined 0.84%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 0.34%. The two biggest stocks of the Index – SingTel and StarHub – ended 0.26% higher and 1.09% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 0.69%. China Everbright Water shares rose 4.48% and SIIC Environment Holdings declined 1.29%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (unchanged),Dbxt Msci Indonesia Etf 10 (+0.86%),Spdr Gold Shares (-0.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+3.49%),Capitamall Trust (+1.60%),Suntec Reit (-0.33%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (unchanged),HSI22400MBePW151230 (-0.76%),HSI23800MBeCW151230 (unchanged)
  • The most active stock warrants by value today were : UOB MB eCW160404 (-12.12%),KepCorp MBeCW160601A (-1.45%),DBS MB eCW160404 (-7.90%)

STOCK RECOMMENDATION :

  • BUY GEO ENERGY RES [RE4.SI] ABOVE 0.140 TARGET 0.160 0.190 SL 0.120

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

26Nov

Comex Trading Signals and Market News – 26 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices inched lower on Wednesday, as traders booked profits from the previous session’s sharp rally, which came on the back of a weaker dollar.Copper for March delivery on the Comex division of the New York Mercantile Exchange dipped 0.6 cents, or 0.28%, to trade at $2.063 a pound during morning hours in London.
  • Gold extended gains from the prior session on Wednesday, as mounting geopolitical concerns between Russia and NATO member Turkey boosted safe haven demand for the precious metal.Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $1.40, or 0.13%, to trade at $1,075.20 a troy ounce during European morning hours.
  • US crude oil futures dipped on Wednesday on profit-taking after the prices rallied to a two-week high on the previous session due to heightening geopolitical tensions in the Middle East with Turkey’s downing of a Russian warplane.US crude’s West Texas Intermediate (WTI) futures shed 16 cents or 0.37% at $42.71 a barrel as of 0054GMT.

ECONOMY NEWS :

  • Japan leading index which measures the future economic activity, fell to 101.6 in September, which was revised up from the preliminary estimate of 101.4, latest figures from the Cabinet Office showed Wednesday. In August, the reading was 103.5. The latest reading was the lowest since January 2013, when it marked 101.4. The coincident index that reflects the current economic activity, rose marginally to 112.3 in September from 112.2 in the prior month .
  • European stocks moved higher and oil prices reversed course and fell 1 percent on Wednesday as investors’ concerns eased over the potential fallout of Turkey’s shooting down of a Russian fighter jet. A Reuters report that euro zone central bank officials are considering whether to stagger charges on banks hoarding cash or to buy more debt ahead of the next European Central Bank meeting pushed the euro lower.
  • The idea of setting a relatively low rate for a new Indian sales tax seemed to be gaining traction on Wednesday, as politicians of all stripes met to debate what would be the country’s biggest tax reform since independence.The proposed goods and services tax, or GST, will top the order of business at what is expected to be a rowdy winter session of parliament starting on Thursday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075 TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1065 TARGET 1060 1155 SL 1071

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

26Nov
forex-trading3

IForex Market Trading Signals and News – 26 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar moves lower but remains supported
  • FOREX -Dollar softens, commodity currencies benefit from oil rally
  • FOREX -Dollar rises to fresh 8-month peak ahead of U.S. data

EUR/USD
The EUR/USD pair trades 0.24% lower at 1.0616, hovering close to fresh session lows struck at 1.0607 in last minutes. The selling pressure around EUR/USD intensified on the break of the hourly 50-SMA support at 1.0642 and the major dropped sharply towards 1.06 levels, with multi month lows in sight. The sharp sell-off seen in the EUR/USD pair, can be mainly attributed to the re-emergence of appetite for riskier, driving European stocks through the roof and boosting the risk-currency – the US dollar. The solid comeback staged by the greenback across the fx board, also halted the EUR/USD recovery and triggered renewed weakness. While the shared currency remains under pressure on growing monetary policy divergence between the Fed and ECB in the run up to the ECB Dec 3 showdown. Looking ahead, focus remains on the US macro releases, including the durable goods and Core PCE index, amid a data-empty EUR calendar.

GBP/USD
The GBP/USD pair loses 0.09% and trades near fresh session lows of 1.5064, heading towards two- week lows reached at 1.5051 on Tuesday. The major failed to sustain above 1.51 handle and retreated thereafter, breaking below most MA on hourly sticks. The renewed bout of selling interest that caught GBP/USD was mainly due to the recent strength in the US dollar against its major peers amid rising risk-on trades, with the USD index crossing 100 mark once again and stands at fresh seven-month tops. Meanwhile, markets now await the UK’s Autumn Forecasts statement for further cues on the fiscal outlook of the British economy. The pound may come under renewed selling pressure on the statement release as the Treasury is expected to have missed its 2015-16 fiscal targets. The pair has an immediate resistance at 1.5111 (1h 50-SMA), above which 1.5159 (Nov 24 High) would be tested. On the flip side, support is seen at 1.5051 (Nov 24 Low) below which it could extend losses to 1.5038 (Nov 9 Low).

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5090 TARGET 1.5110 1.5140 SL 1.5060
  • SELL GBP/USD BELOW 1.5030 TARGET 1.5010 1.4980 SL 1.5060

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

26Nov
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 31.91 points or 1.09% lower to 2891.58, taking the year-to-date performance to – 14.07%.
  • The top active stocks today were SingTel, which declined 1.81%, DBS, which declined 1.12%, OCBC Bank, which declined 0.68%, Cordlife, which gained 8.20% and UOB, with a 1.46% fall.
  • The FTSE ST Mid Cap Index declined 0.31%, while the FTSE ST Small Cap Index declined 0.05%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.59%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 4.48% higher and 1.04% higher respectively.
  • The under performing sector was the FTSE ST Industrials Index, which slipped 1.68%. Jardine Matheson Holdings shares declined 1.95%and Jardine Strategic Holdings declined 2.00%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (+0.19%), Is Msci India 100 (-0.30%), Lyxor China H 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.29%), Capitamall Trust (-0.80%), Suntec Reit (-1.61%)
  • The most active index warrants by value today were : HSI22400MBePW151230 (-1.49%), HSI22800MBeCW151230 (-2.40%), HSI23800MBeCW151230 (-4.08%)
  • The most active stock warrants by value today were : KepCorp MBeCW160601A (-11.54%), DBS MB eCW160404 (-8.43%), UOB MB eCW160404 (-15.39%)

STOCK RECOMMENDATION :

  • BUY SPACKMAN ENT ABOVE 0.155 TARGET 0.160 0.180 SL 0.142

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

25Nov

Comex Trading Signals and Market News – 25 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude palm oil futures were up by 0.75% to Rs 389.10 per 10 kg in futures trade today as speculators created fresh positions amid a firming trend at the spot markets on rising demand from consuming industries.Besides, tight supplies from major producing belts too supported crude palm oil futures.
  • Copper prices inched up on Tuesday, but remained not far above the prior session’s six-year low as expectations of higher interest rates in the U.S., a broadly stronger U.S. dollar and slower global economic growth, especially in China, weighed. Meanwhile, three-month copper on the London Metal Exchange rose 0.87% to $4504.75 a metric ton. On Monday, prices hit $4508.50, the weakest level since June 2009.
  • Gold inched up on Tuesday, but remained not far above the prior session’s five-and-a-half-year low as investors awaited the release of revised U.S. third quarter economic growth data later in the day for a fresh reading on the strength of the economy. Gold futures are down more than 6% so far this month amid mounting expectations the Fed will raise rates for the first time in nearly a decade at its mid-December meeting.

ECONOMY NEWS :

  • India’s leading index, which measures the future economic activity, rose 1.2 percent in October, reversing a 0.6 percent fall in the previous month, figures from the Conference Board showed Monday. In September, the index had fallen 0.3 percent. All sub-components contributed positively to the index in October. The coincident index that reflects the current economic activity, also went up 1.5 percent in October, in contrast to a 1.8 percent drop in September.
  • Japan’s Markit/Nikkei Manufacturing Purchasing Managers’ Index, or PMI, rose to 52.8 in November from 52.4 in October, data showed Tuesday. A score above 50 indicates expansion in the sector. Manufacturing output continued to grow sharply in November and the latest rate of increase was the fastest since March 2014. At the same time, new orders rose at a slower rate in November, while growth in exports orders accelerated to a five-month high.
  • German business confidence strengthened to 109 in November from 108.2 in October, citing results of a survey by the Ifo Institute. It was expected to remain unchanged at 108.2. The current conditions index came in at 113.4. The expectations index also strengthened in November. The corresponding index rose to 104.7 from about 103.8 in previous month. It was above the expected reading of 104.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075 TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1065 TARGET 1060 1054 SL 1071

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

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