Monthly Archives: January 2016

29Jan

Comex Trading Signals and Market News – 29 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures held near the prior session’s three-month peak in Europe trade on Thursday, after the Federal Reserve failed to offer clues on the timing of future rate hikes in its policy statement.As expected, the Fed kept interest rates unchanged at the conclusion of its policy meeting on Wednesday and said it was “closely monitoring” global economic and financial developments.
  • Oil prices struggled for direction in Europe trade on Thursday, amid doubts over the likelihood of a deal between Russia and OPEC producers to cut output happening anytime soon.Oil rallied on Wednesday as top OPEC and Russian oil industry officials stepped up vague talk of possible joint action to cut production and alleviate a global supply glut.
  • Natural Gas futures surged by more than 1.5 per cent in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity as forecasts for colder temperatures across parts of the US in the next two weeks bolstered the demand outlook for the heating fuel in the world’s biggest economy. Updated weather forecasting models called for cooler weather in the US through the middle of February boosting demand for gas-fired heating at offices and homes.

ECONOMY NEWS :

  • Japanese Economy Minister Akira Amari said on Thursday he was resigning to take responsibility for a political funding scandal that has rocked the government, but denied having taken bribes.In a packed news conference televised live, Amari acknowledged taking money from a construction company executive but said he told his aides to correctly record them as a political donation.
  • France and Iran hailed a set of business tie-ups and export deals on Thursday including the sale of dozens of Airbus planes and a car factory revamp that re-ignites a decades-old relationship between Tehran and car maker Peugeot. The deals, some of which were not yet finalised, were announced at a Franco-Iranian business forum attended by Iranian President Hassan Rouhani and a host of ministers and business leaders.
  • The British and Scottish governments announced a 250 million pound deal on Thursday to support the city of Aberdeen, hit hard by job losses in an oil sector ravaged by steep declines in the price of crude.The Aberdeen UK City Deal will help fund an expansion of Aberdeen harbour, necessary to allow local companies to bid for work in the oil and gas decommissioning sector, estimated to be worth 45 billion pounds by 2040.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1120 TARGET 1125 1131 SL 1114
  • SELL GOLD BELOW 1115 TARGET 1110 11104 SL 1121

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

29Jan

IForex Market Trading Signals and News – 29 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar steady against rivals after Fed statement
  • Forex -Sterling hits day’s highs on U.K. GDP report
  • Forex – Steadier oil helps Aussie, kiwi after Fed statement

EUR/USD
EUR/USD, is steady on Thursday, as the pair trades at the 1.09 line in the European session. In economic news, currency markets did not display much reaction to the Federal Reserve, which maintained interest rate levels and issued a cautious policy statement. Later in the day, Germany will publish Preliminary CPI, and the US releases Core Durable Goods and Unemployment Claims. On Friday, there are key events, Eurozone CPI and US Advance GDP. The pair kept the composure after January’s data in the euro area showed Industrial Confidence dropped to 3.2, Business Climate fell to 0.29, Service Sentiment has come in at 11.6 and Economic Sentiment printed 105.0, all of them below expectations. On a more optimistic side, Consumer Confidence matched estimates at -6.3.In the meantime, spot has managed to clinch highs near 1.0930, albeit losing some pips afterwards, all backed by a softer tone in the greenback.

GBP/USD
The pound rose to the day’s highs on Thursday after figures showing that the U.K. economy grew in line with expectations in the fourth quarter, but the annual rate of growth slowed to the weakest in three years. GBP/USD rose 0.63% to 1.4324 from around 1.4253 ahead of the report. The Office for National Statistics said fourth quarter gross domestic product grew 0.5%, matching forecasts after growth of 0.4% in the three months to September.The service sector, which accounts for around 80% of GDP, grew by 0.7% in the last quarter, but the production sector shrank by 0.2%, with manufacturing output flat. Construction output fell 0.1%, the ONS said.The U.K. economy grew at an annual rate of 1.9% in the three months to December, slowing from 2.1% in the third quarter and the smallest increase since early 2013.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4340 TARGET 1.4360 1.4390 SL 1.4310
  • SELL GBP/USD BELOW 1.4270 TARGET 1.4250 1.4220 SL 1.4300

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

29Jan
sgx2

SGX : Singapore shares open slightly higher

SGX :

  • Singapore shares open slightly higher on Friday.
  • SINGAPORE shares opened slightly higher on Friday, after Wall Street gained ground on Thursday.
  • The benchmark Straits Times Index (STI) edged up 3.64 points or 0.14 per cent to 2,566.09 by 9.05am, with 54.4 million shares worth S$101.9 million changing hands.
  • Gainers outnumbered losers 81 to 46.

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

29Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 13.16 points or 0.52% higher to 2559.34, taking the year-to-date performance to -11.22%.
  • The top active stocks today were DBS, which declined 0.88%, Global Logistic, which gained 1.21%, SingTel, which gained 1.46%, Keppel Corp, which gained 0.42% and SingPost, with a 6.48% fall.
  • The FTSE ST Mid Cap Index gained 0.14%, while the FTSE ST Small Cap Index declined 0.02%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 2.14%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 4.53% higher and 0.74% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.26%. Midas Holdings shares declined 2.00% and Geo Energy Resources remain unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.16%), Sti Etf (+0.77%), Spdr Gold Shares (+0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged), Capitamall Trust (-1.01%), Suntec Reit (+0.65%).
  • The most active index warrants by value today were : HSI20000MBeCW160226 (+27.94%), HSI19800MBeCW160330 (+9.59%), HSI18400MBePW160330 (-12.64%).
  • The most active stock warrants by value today were : KepCorp MBeCW161101 (unchanged), DBS MB eCW160711 (-7.23%), KepCorp MB eCW161205 (-2.08%).

STOCK RECOMMENDATION :

  • BUY ASIAN PAY TV ABOVE 0.640 TARGET 0.670 0.700 SL 0.600

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

28Jan

Comex Trading Signals and Market News – 28 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil futures fell on Wednesday, after a surprise rise in U.S. inventories wiped out the optimism that had built up the day before over the potential for the world’s largest exporters to cut output enough to stem a 19-month-long price slide. Another contraction in industrial profits in top commodities consumer China, along with caution before the outcome of the U.S. Federal Reserve’s first policy meeting of the year, knocked around $1 off the price of oil.
  • Gold futures fell from the prior session’s three-month peak in Europe trade on Wednesday, as investors were hesitant to push prices higher ahead of the Federal Reserve’s policy statement due later in the day. The Fed is widely expected to keep interest rates on hold at the conclusion of its two-day policy meeting later Wednesday after raising interest rates for the first time in almost a decade in December.
  • Copper futures surged by more than 2.5 per cent during late noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal after data showed that China imported a record amount of copper in 2015 signaling strong underlying demand for the metal in the world’s biggest copper consumer. Chinese inbound copper shipments jumped 34 per cent to 423181 tons in December 2015 from the same month a year ago.

ECONOMY NEWS :

  • Any shocks across countries could trigger destabilising debt flows similar to that seen in Ireland during its financial crisis, the head of the country’s central bank said on Wednesday.”Asymmetric shocks across countries may trigger pro-cyclical international debt flows, with households and firms in faster-growing countries tempted to borrow more, funded by outflows from slower-growing countries,” Philip Lane, who also sits on the European Central Bank’s Governing Council said.
  • Fund managers must give investors clarity on the quality of assets they hold and how these are likely to behave in stressed markets, Bank of England Deputy Governor Andrew Bailey said on Wednesday.Bailey, who heads the BoE’s Prudential (L:PRU) Regulation Authority, which supervises banks, said shrinkage in banking balance sheets and corresponding large growth in asset management since the financial crisis only made sense if two conditions were met.
  • The Federal Reserve is expected to leave interest rates unchanged on Wednesday and acknowledge that turmoil in financial markets threatens its upbeat view of the U.S. economy, leaving the chances of a March hike diminished but alive.All 69 analysts in a Reuters poll see the central bank keeping its key overnight lending rate in a range of 0.25 percent to 0.50 percent when it issues its policy statement following a two-day meeting. The decision is due at 2 p.m. EST (1900 GMT).

TRADING STRATEGY :

  • BUY GOLD ABOVE 1120 TARGET 1125 1131 SL 1114
  • SELL GOLD BELOW 1115 TARGET 1110 11104 SL 1121

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

28Jan
forex-trading3

IForex Market Trading Signals and News – 28 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -AUD/USD rises to 2-week highs on Australian inflation data
  • Forex -NZD/USD slides lower ahead of Fed, RBNZ statements
  • Forex – Dollar treads water ahead of Fed statement

EUR/USD
EUR/USD, is showing marginal movement on Wednesday, as the pair trades at 1.0870 in the European session. In economic news, German Consumer Climate posted a strong reading of 9.4 points, within expectations. In the US, the Federal Reserve will release a policy statement and set the benchmark interest rate for January.Fresh offers came-in after the pair failed to sustain above the hourly 200-MA seen at 1.0873 levels. The pair had spiked to 1.0883 after the European stocks dropped around 0.80% in early trading. However, equities recovered losses and weighed over the common currency. No first tier data is due for release in the Eurozone. Hence, the pair remains at the mercy of the action in the equity markets as we head towards the FOMC rate decision. “Draghi’s dovish policy signal should understandably cap EUR into the ECB’s Mar 10 policy meeting, the pair unlikely to make a serious dent at 1.10 if at all in coming weeks”.

GBP/USD
The GBP/USD pair trades -0.31% lower at fresh session lows of 1.4306, having faced strong offers near 1.4350 region. The major reverses a part of yesterday’s rally and remains vulnerable as the slide in the oil prices refuelling risk-off trades across the financial markets and almost killed the demand for risk currencies such as the GBP. The cable remains little affected by the expectations of an upbeat GDP print due tomorrow and keeps the offered tone intact as long as oil price action continues to dominate markets. On Tuesday, GBP/UD rallied to weekly highs near 1.4370 and completely ignored the dovish comments from BOE Governor Carney at his testimony in London. Carney noted that conditions are not right for a rate hike, while he also added that BOE could cut rates if necessary.Attention now remains on the Fed decision due later today for further momentum on the major.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4340 TARGET 1.4360 1.4390 SL 1.4310
  • SELL GBP/USD BELOW 1.4380 TARGET 1.4360 1.4330 SL 1.4410

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

28Jan
sgx2

SGX : Singapore shares open higher

SGX :

  • Singapore shares open higher on Thursday.
  • Straits Times Index (STI) opened higher on Thursday morning, after US stocks slid but European shares recovered on Wednesday following a late pick-up in oil prices.
  • The STI gained 7.35 points or 0.29 per cent to 2,553.53 by 9.03am on Thursday, with 43.2 million stocks worth S$87.8 million changing hands. Losers narrowly outnumbered gainers 58 to 51.

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

28Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 37.03 points or 1.43% lower to 2545.61, taking the year-to-date performance to -11.69%.
  • The top active stocks today were DBS, which declined 2.76%, OCBC Bank, which declined 1.03%, SingTel, which declined 2.02%, Keppel Corp, which declined 2.08% and UOB, with a 2.94% fall.
  • The FTSE ST Mid Cap Index declined 1.06%, while the FTSE ST Small Cap Index declined 0.78%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.01%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 4.44% higher and 5.51% lower respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 3.11%. Midas Holdings shares declined 3.92% and Geo Energy Resources declined 1.61%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Lyxor China H 10 (-3.62%), Sti Etf (-1.51%), Spdr Gold Shares (+0.90%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.45%), Capitamall Trust (+0.51%), Capitacom Trust (-2.28%).
  • The most active index warrants by value today were : HSI18400MBePW160330 (+5.14%), HSI20000MBeCW160226 (-18.39%), HSI17600MBePW160330 (+11.91%).
  • The most active stock warrants by value today were : DBS MB eCW160711 (-17.43%), UOB MB eCW160705 (-22.64%), KepCorp MBeCW161101 (-8.11%).

STOCK RECOMMENDATION :

  • BUY GOLDEN AGRI ABOVE 0.340 TARGET 0.370 0 0.420 SL 0.305

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

27Jan
sgx-asx

SGX : Singapore shares close flat

SGX :

  • Singapore shares close flat, STI drops 38 points from intraday peak.
  • Street’s Tuesday rise helped calm some nerves and prompted a bout of short covering that pushed the Straits Times Index (STI) higher for most of Wednesday. A weak opening for Europe, however, cut the index’s gain to just 0.57 point at 2,546.18. Its intraday peak was 2,584.
  • Turnover was by recent standards mediocre at 809.8 million units worth S$982 million and the broad market excluding warrants recorded 224 rises versus 166 falls.

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

27Jan
SGX

SGX : Singapore shares open higher on Wednesday

Singapore Exchange (SGX):

  • SINGAPORE stocks opened higher on Wednesday, after Wall Street made gains on Tuesday on the back of cheap oil and speculation that the US Federal Reserve will take a dovish approach to future interest rate increases.
  • The benchmark Straits Times Index (STI) gained 33.91 points or 1.33 per cent to 2,579.52 by 9.03am. At that point, 41.6 million stocks worth S$76.8 million had changed hands. Gainers outnumbered losers 111 to 18.

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

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