Monthly Archives: December 2015

31Dec

Comex Trading Signals and Market News – 31 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude oil futures declined by Rs 29 to Rs 2,485 per barrel today in line with a weak trend in Asian trade.In futures trade at the Multi Commodity Exchange, crude oil for delivery in January 2016 shed Rs 29, or 1.15%, to Rs 2,485 per barrel, with a business volume of 2,048 lots.Oil prices for far-month February delivery moved down by Rs 23, or 0.89%, to trade at Rs 2,574 per barrel with a business volume of 51 lots.
  • Gold was little changed on Wednesday as thin liquidity and a firmer dollar capped price moves, although the metal remained on track to close the year lower for a third time in a row. The precious metal has lost nearly 10 percent of its value this year, largely on fears that higher U.S. interest rates would hurt demand for non-interest paying bullion.
  • Nickel futures traded 0.31% lower at Rs 573.90 per kg today amid a weakening trend at the London Metal Exchange (LME) and sluggish demand from alloy-makers in the domestic spot market.At the Multi Commodity Exchange, nickel for delivery in current month shed Rs 1.80, or 0.31%, to Rs 573.90 per kg in a business turnover of 501 lots. Metal for delivery in January 2016 was also trading lower by Rs 1.70, or 0.29%, at Rs 580.20 per kg in a turnover of 143 lots.

ECONOMY NEWS :

  • Eurozone money supply increased at a slower pace in November, the European Central Bank reported Wednesday. The broad monetary aggregate M3 edged up 5.1% year-on-year in November, slower than October’s 5.3% increase. Further, data showed that annual growth rate of total credit to euro area residents rose to 2.7% in November from 2.3% in the previous month. On supportive side, credit to the private sector increased 1.2% after clocking 1% growth a month ago.
  • Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
  • British wage growth next year is likely to fall far short of the expectations of the Bank of England (BoE) and government as employers hold back on pay rises in the face of growing costs, an industry body said on Wednesday. The Chartered Institute of Personnel Development (CIPD) said pay growth will stay stuck at about 2 percent for most or all of 2016, well below forecasts of about 3.5 percent from the BoE and Office for Budget Responsibility.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1073 TARGET 1078 1085 SL 1067
  • SELL GOLD BELOW 1065 TARGET 1060 1055 SL 1071

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

31Dec

IForex Market Trading Signals and News – 31 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar holds steady vs. euro, yen in holiday-thinned trade
  • Forex -GBP/USD almost unchanged, near 8-month low
  • Forex -Dollar edges higher vs. rivals in quiet trade

EUR/USD
The dollar held steady against the euro on Wednesday, as upbeat U.S. data released the day before continued to support but trading volumes remained thin ahead of the New Year holiday. Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books, reducing liquidity in the market which could result in exaggerated moves. EUR/USD was steady at 1.0930.The dollar strengthened after the Conference Board reported on Tuesday that its consumer confidence index rose to 96.5 in December from 92.6 in November, whose figure was revised from a previously estimated 90.4.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 98.27.

GBP/USD
The GBP/USD pair trades 0.12% higher at fresh session highs of 1.4839, having found renewed strength around 1.4815 levels. The cable manages to recover lost ground somewhat and extends its recovery mode above 1.48 handle on the back of risk-on sentiment persisting in Asia spurred by higher global equities. Moreover, mixed US dollar trading against its major competitors also lends support to the much-need pullback in the cable. Meanwhile, the pound is likely to remain pressured heading into the New Year on divergent central banks’ monetary policy outlooks espeially after the surprisingly dovish comments from BOE policy maker Martin Weale last week. Mr. Weale, a BOE hawk, said that the BOE shouldn’t raise rates in 2016 as wage pressures remain subdued.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4840 TARGET 1.4860 1.4890 SL 1.4810
  • SELL GBP/USD BELOW 1.4780 TARGET 1.4760 1.4730 SL 1.4810

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

31Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 31 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2.71 points or 0.09% lower to 2885.51, taking the year-to-date performance to -14.25%.
  • The top active stocks today were SingTel, which declined 0.54%, DBS, which closed unchanged, CapitaLand, which gained 0.90%, Noble, which declined 9.09% and UOB, with a 0.20% fall.
  • The FTSE ST Mid Cap Index declined 0.39%, while the FTSE ST Small Cap Index declined 0.46%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 1.02%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 2.74% higher and 2.30% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.25%. Midas Holdings shares declined 1.70% and NSL remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (unchanged), Spdr Gold Shares (-0.32%), Dbxt Msci Indonesia Etf 10 (+0.60%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.44%), Capitamall Trust (unchanged), Suntec Reit (+0.96%)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (-15.91%), HSI21600MBePW160226 (+7.58%), HSI22800MBeCW160226 (-11.61%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (-5.63%), DBS MB eCW160704 (+0.81%), DBS MB ePW160201 (-19.51%).

STOCK RECOMMENDATION :

  • BUY UG HEALTHCARE CORP ABOVE 0.510 TARGET 0.540 .580 SL 0.460

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

30Dec

Comex Trading Signals and Market News – 30 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices were little changed on Tuesday, one day after plunging more than 3% amid ongoing concerns over a global supply glut.Trading volumes are expected to remain light in the final few days of the year as many traders already closed books due to the holiday period, reducing liquidity in the market which could result in exaggerated moves.
  • Gold prices inched higher in familiar range on Tuesday, as investors kept an eye on upcoming U.S. data to gauge if the world’s largest economy is strong enough to withstand further rate hikes in 2016.Trading volumes are expected to remain light in the final few days of the year as many traders already closed books due to the holiday period, reducing liquidity in the market which could result in exaggerated moves.
  • Copper futures surged by more than 1 per cent during late morning trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal as hopes of fresh stimulus by China eased concerns over a hard landing in the world’s second biggest economy bolstering the demand outlook for copper. Optimism rose that the Chinese government’s continued cash injection to prop up the country’s stock market may help combat a lingering economic slowdown.

ECONOMY NEWS :

  • Bank of Japan board member Yukitoshi Funo said the central bank will look at the long-term economic trend in guiding monetary policy and won’t expand stimulus automatically in response to short-term dips in prices, according to the Nikkei newspaper.Funo, a former executive of Toyota Motor Corp (T:7203) who joined the nine member board in July, also said Japan is on track to meet the central bank’s 2 percent inflation target as companies are steadily raising prices of their goods.
  • China’s central bank has temporarily suspended some foreign exchange businesses of several foreign banks until the end of March, three sources with direct knowledge of the development told Reuters on Wednesday. Included among the suspended services was liquidation of spot positions for clients and some other services related to cross-border, onshore and offshore businesses, the sources said.
  • Germany’s federal states are planning to spend around 17 billion euros ($18.7 billion) on dealing with the refugee crisis in 2016, the newspaper Die Welt said on Tuesday, citing a survey it conducted among their finance ministries. The sum, bigger than the 15.3 billion euros that the central government planned to allocate to its education and research ministry in 2015, is a measure of the strain that the influx is causing across the country as a whole.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1070 TARGET 1065 1059 SL 1076

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

30Dec

IForex Market Trading Signals and News – 30 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar little changed as trading volumes remain light
  • Forex -Swedish crown soars, yuan hits 4-1/2-month low in offshore trade
  • Forex -Yen gets boost from souring risk sentiment, crude slide hits loonie

EUR/USD
The EUR/USD pair rises 0.08% to 1.0976, retreating from daily highs reached at 1.0983 levels. The main currency pair maintains the bid tone in Asia and fights hard to break through 1.10 barrier, with the broad based US dollar weakness collaborating to the upside in the pair. The USD index trades -0.08% lower at 97.92.However, further upmoves lack momentum in light of no major economic drivers ahead, as the macro calendar is expected to remain empty until the NY session. Moreover, thin trading and irregular volatility also restricts further upside in EUR/USD amid holiday-thinned markets as we progress towards the New Year.

GBP/USD
The pound held steady against the U.S. dollar on Tuesday, as trading volumes remained thin after Christmas and ahead of the New Year.Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books, reducing liquidity in the market which could result in exaggerated moves. GBP/USD hit 1.4914 during European morning trade, the session high; the pair subsequently consolidated at 1.4889.Cable was likely to find support at 1.4815, the low of December 23 and resistance at 1.4947, the high of December 25.Market participants were eyeing a report on U.S. consumer confidence due later in the day after mixed U.S. economic reports released last week failed to offer clues as to how fast the U.S. central bank will raise interest rates next year. With the first U.S. rate hike since 2006 out of the way, investors are now focusing on the pace of future rate increases.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4910TARGET 1.4930 1.4960 SL 1.4880
  • SELL GBP/USD BELOW 1.4860 TARGET 1.4840 1.4810 SL 1.4890

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

30Dec
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 12.9 points or 0.45% higher to 2888.22, taking the year-to-date performance to -14.17%.
  • The top active stocks today were SingTel, which gained 0.54%, DBS, which gained 0.42%, CapitaLand, which gained 0.30%, OCBC Bank, which gained 0.11% and UOB, with a 0.77% advance.
  • The FTSE ST Mid Cap Index gained 0.47%, while the FTSE ST Small Cap Index rose 0.37%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 0.90%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties – ended 1.59% higher and 0.47% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.14%. Midas Holdings shares remained unchangedand NSL rose 0.34%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-0.15%), Dbxt Msci Korea Etf 10 (-1.32%), Spdr Gold Shares (-0.05%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.88%), Capitamall Trust (+0.26%), Mapletree Ind Tr (unchanged)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (+12.82%), HSI21600MBePW160226 (-8.97%), HSI22800MBeCW160226 (+9.80%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (+7.58%), OCBC Bk MBePW160510 (-1.97%), CapitalaMBeCW160901 (+2.67%)

STOCK RECOMMENDATION :

  • BUY SINO GRANDNESS ABOVE 0.370 TARGET 0.390 0.430 SL 0.340

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

29Dec
forex-market-hours

IForex Market Trading Signals and News – 29 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar recovers vs yen, Aussie falls back
  • Forex -Yen gets boost from souring risk sentiment, crude slide hits loonie
  • Forex -Canadian dollar struggles as weaker oil weighs on commodity currencies

EUR/USD
The dollar edged lower against the EUR on Monday, as investors continued to lock in profits from the greenback’s recent rally and as trading volumes remained thin ahead of the New Year holiday. Global financial markets closed early on Thursday, Christmas Eve, and remained shut for Christmas Day on Friday. Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility. EUR/USD edged up 0.22% to 1.0987.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.12% at 97.89.
GBP/USD
The pound was almost unchanged against the U.S. dollar on Monday, as trading volumes remained thin ahead of the New Year holiday.Global financial markets closed early on Thursday, Christmas Eve, and remained shut for Christmas Day on Friday. Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility. GBP/USD hit 1.4935 during European morning trade, the session high; the pair subsequently consolidated at 1.4923.Cable was likely to find support at 1.4860, the low of December 24 and resistance at 1.5003, the high of December 17.However, the Fed funds futures currently suggests there will be just two rate increases, one in June and one in December.Mixed U.S. economic reports released last week failed to offer clues as to how fast the U.S. central bank will raise interest rates next year.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4940TARGET 1.4960 1.4990 SL 1.0910
  • SELL GBP/USD BELOW 1.4920 TARGET 1.4900 1.4870 SL 1.4950

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

29Dec

Comex Trading Signals and Market News – 29 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices ticked lower in quiet trading ahead of the end of the year on Monday, as last week’s sharp rally came to a halt.Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility.
  • Copper futures fell in the domestic market on Monday as investors and speculators exited positions in the industrial metal as a sixth straight drop in China’s industrial companies’ profits in November raised fears over a hard landing in the world’s second biggest economy clouding the demand outlook for copper.China’s industrial profits fell 1.4 percent year on year in November 2015 data showed over the weekend.
  • Natural Gas futures soared by more than 3 per cent in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as a bigger than expected US stockpile withdrawal signaled a pickup in demand for the heating fuel in the world’s biggest economy. US gas stockpiles fell by 32 billion cubic feet to 3.814 trillion cubic feet in the week ended December 18 2015 the EIA said compared to an expectation of a 25 billion cubic feet drop.

ECONOMY NEWS :

  • Japanese industrial production was down a seasonally adjusted 1.0 percent on month in November, falling for the    first time in three months, the Ministry of Economy, Trade and Industry said on Monday. That missed forecasts for a decline of 0.5 percent following the 1.4 percent gain in October. n a yearly basis, industrial production climbed 1.6 percent following the 1.4 percent drop in the previous month. Upon the release of the data, the METI maintained its assessment of industrial production, saying that it has been fluctuating indecisively.
  • Associated Chambers of Commerce and Industry (Assocham) has further lowered its outlook for India’s exports in the current fiscal to $255-260 billion, countering the government’s claim that there is no crisis in the sector. The Industry chamber FICCI said the country’s third quarter manufacturing is also set to decline due to sluggish exports.
  • China’s central bank said on Monday that it would “flexibly” use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing.The People’s Bank of China will keep the yuan basically stable while forging ahead with reforms to help improve its currency regime, it said in a statement summarising the fourth-quarter monetary policy committee meeting.The PBOC said it would maintain a prudent monetary policy, keeping its stance “neither too tight nor too loose”. The prudent policy has been in place since 2011.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1070 TARGET 1065 1059 SL 1076

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

29Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2.3 points or 0.08% lower to 2875.32, taking the year-to-date performance to -14.56%.
  • The top active stocks today were SingTel, which gained 0.55%, DBS, which gained 0.06%, OCBC Bank, which declined 0.34%, ComfortDelGro, which declined 1.33% and Global Logistic, with a 0.47% advance.
  • The FTSE ST Mid Cap Index declined 0.41%, while the FTSE ST Small Cap Index declined 0.27%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.56%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 1.72% higher and remained unchanged.
  • The under performing sector was the FTSE ST Oil & Gas Index, which slipped 0.52%. Keppel Corp shares rose 0.31% and Sembcorp Industries declined 1.29%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.30%), Dbxt Ftse Vietnam Etf 10 (+2.46%), Sti Etf (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged), Capitamall Trust (-1.28%), Suntec Reit (unchanged)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (-23.53%), HSI22800MBeCW160226 (-19.05%), HSI21600MBePW160226 (+11.54%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (-2.94%), CapitalaMBeCW160901 (-3.85%), DBS MB eCW160215 (-6.52%)

STOCK RECOMMENDATION :

  • BUY OUE HOSPITALITY TRUST ABOVE 0.770 TARGET 0.790 0.840 SL 0.730

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

24Dec

Comex Trading Signals and Market News – 24 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices struggled for direction in light pre-holiday trade on Wednesday, as investors looked ahead to key U.S. economic data later in the session for further indications on the strength of the economy.Gold for February delivery on the Comex division of the New York Mercantile Exchange shed 30 cents, or 0.03%, to trade at $1,073.80 a troy ounce during European morning hours. A day earlier, gold dipped $6.50, or 0.6%, snapping a two-day rally.
  • West Texas Intermediate oil futures extended gains from the previous session to hit a one-week high on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell last week. After markets closed Tuesday, the American Petroleum Institute, an industry group, surprised market participants and said that U.S. oil inventories fell by 3.6 million barrels in the week ended December 18, compared to expectations for a gain of 1.0 million barrels.
  • Copper traded near five-week highs amid speculation that Chinese producers will scale back production to combat falling prices.Copper is on track to post an annual decline of 26% in 2015 as fears of a China-led global economic slowdown spooked traders and rattled sentiment. The Asian nation is the world’s largest copper consumer, accounting for nearly 45% of world consumption.

ECONOMY NEWS :

  • Some U.S. cities may have to pay higher interest rates to borrow money in 2016 as they contend with a host of new pressures on their underfunded public pensions, including new reporting rules and the impact of this year’s tepid investment returns.The recession-era ghost of public pensions problems will continue haunting the $3.7 trillion U.S. municipal bond market next year, investors and analysts told Reuters.
  • The Indian government said it was difficult to predict a timeline for the passage of a bill that seeks to harmonise state taxes after lawmakers failed to vote on the measure in the parliament session that ended on Wednesday.Junior finance minister Jayant Sinha said the rollout of the new tax was contingent on the passage of the bill.”We will have to see how the legislative calendar develops,” he said. “It’s very hard to predict how soon that will happen.”
  • A closely followed measure of long-term market euro zone inflation expectations fell to its lowest level since October on Wednesday, pushed down by this week’s sharp fall in oil prices to 11-year lows.The five-year, five-year breakeven forward <EUIL5YF5Y=R>, a measure of where markets expect 2025 euro zone inflation forecasts to be in 2020, fell to 1.6625 percent, although yields in the broader euro zone bond market were largely steady.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1065 TARGET 1060 1054 SL 1061

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

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