Daily Archives: January 15, 2016

15Jan

Comex Trading Signals and Market News – 15 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices pushed higher for the second straight session on Thursday, as market players sought refuge amid steep declines in global stock markets.Global stock markets plunged as Brent oil prices fell to fresh 12-year lows, adding to fears over the outlook for global growth.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $5.10, or 0.47%, to trade at $1,092.20 a troy ounce by 09:55GMT, or 4:55AM ET.
  • Brent oil futures fell further below the $30-level to hit a fresh 12-year low on Thursday, amid ongoing concerns over a global supply glut.Oversupply issue will be exacerbated further once Iran returns to the global oil market after western-imposed sanctions are lifted. Analysts say the country could quickly ramp up production by around 500,000 barrels, adding to the glut of oil that has sent prices tumbling.
  • Natural gas futures ended lower in the domestic market on Wednesday as market participants turned cautious ahead of the weekly US storage numbers due on Thursday which may signal the strength of the demand for the fuel in the world’s biggest fuel consuming nation.The EIA may show a dip of 170 billion cubic feet in US gas supplies in the week ended January 8 2016 after a 113 billion cubic feet withdrawal in the prior week and a five-year average decline of 178 billion cubic feet.

ECONOMY NEWS :

  • India Wholesale price inflation (WPI) measured a rate of -0.73% in December–retreating from -1.99% recorded in the previous month but still remaining in the negative zone for 14 months in a row, showed the official data released on Thursday. Food inflation in the wholesale price index (WPI) edged up for a fourth straight month to touch 8.17% in December, compared with 5.20% in November.
  • The Reserve Bank of India likely sold dollars through state-owned banks to stem the rupee’s fall after it plunged to a month low on Thursday, three FX traders told Reuters.At 0357 GMT, the Indian rupee INR=D2 was trading at 67.0950/1050 to the dollar, a level last seen on Dec. 15.The rupee was down tracking dollar strength against most Asian currencies after a rout in oil and commodity prices hit risk sentiment and heightened fears about the global economy. EMRG/FRX
  • The Bank of England looks likely to signal another delay in raising interest rates on Thursday thanks to a renewed oil price slump,sputtering wage growth and the approach of an unsettling vote on Britain’s European Unionmembership. Amid signs of a weakening in Britain’s economic recovery and doubts about how hard China’s slowdown will hit the world economy, some economists are pushing their forecasts for a first BoE rate hike to as far back as November.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1095 TARGET 1100 1106 SL 1089
  • SELL GOLD BELOW 1089 TARGET 1084 1078 SL 1095

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

15Jan
forex-market-hours

IForex Market Trading Signals and News – 15 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -AUD/USD edges higher on positive Australian jobs data
  • Forex -NZD/USD falls to 2-month lows as sentiment wanes
  • Forex -Dollar rises as Brent oil drops below $30

EUR/USD
The EUR/USD pair remains capped below 1.09 handle, with several attempt to the upside sold-off near the last, as risk-aversion dissipates amid Asian stocks recovery. The EUR/USD pair trades modestly flat at 1.0878, failing another attempt to conquer 1.09 handle. The main currency pair continues to consolidate the overnight recovery below 1.0900 levels and now awaits fresh impetus from the European open, to confirm further upside. The gains in the EUR/USD pair remains capped on the back of healthy recovery seen in the Asian equities, with the Chinese indices turning in the green zone and the Nikkei pared losses at close. Moreover, the minor pullback in oil prices also bettered the risk conditions a bit, weighing negatively on the major.Markets now await the second-tier in the German WPI ahead of the European open, while the US jobless claims and Fed’s Bullard’s speech will be closely eyed in the NY session.

GBP/USD
The GBP/USD pair sold-off yen another attempt towards hourly 50-SMA placed at 1.4432 and drifted a tad lower as traders remain on the backfoot ahead of the BOE’s ‘Super Thursday’. The GBP/USD pair trades almost unchanged at 1.4411, retreating quickly from fresh session highs posted at 1.4424 few minutes ago. The cable surrenders gains and once again pushes towards 1.44 handle as the ongoing weakness in the European stocks curbs investors’ appetite for riskier currencies such as the GBP. While the cable remains supported on the back of a renewed bout selling interest seen around the greenback against its six major rivals. The US dollar index now drops to fresh session lows of 99.82, down -0.10% versus a 0.16% rise seen earlier today.Moreover, markets refrain from placing big bets on the GBP/USD ahead of the BOE rate decision and minutes due to be published later this session. The BOE policy makers are expected to vote 8-1 in favour of keeping rate unadjusted at record low of 0.50% as also the asset purchases program unchanged.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4430 TARGET 1.4450 1.4480 SL 1.4000
  • SELL GBP/USD BELOW 1.4400 TARGET 1.4380 1.4350 SL 1.4470

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

15Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 15 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 47.34 points or 1.76% lower to 2649.16, taking the year-to-date performance to -8.10%.
  • The top active stocks today were DBS, which declined 2.94%, Keppel Corp, which declined 6.36%, SingTel, which declined 2.24%, OCBC Bank, which declined 2.55% and UOB, with a 1.16% fall.
  • The FTSE ST Mid Cap Index declined 1.28%, while the FTSE ST Small Cap Index declined 1.32%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which declined 0.34%. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation – ended 1.50% lower and 0.50% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 4.77%. Keppel Corp shares declined 6.36% and Sembcorp Industries declined 5.39%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-0.62%), Sti Etf (-1.46%), Dbxt S&P Cnx Nifty Etf 10 (+0.88%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.46%), Capitamall Trust (-0.53%), Suntec Reit (-1.62%)
  • The most active index warrants by value today were : HSI20000MBeCW160226 (+5.63%), HSI20600MBeCW160330 (-3.27%), HSI21000MBePW160330 (+7.74%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-17.48%), OCBC Bk MBeCW161004 (-8.33%), UOB MB eCW160705 (-4.46%)

STOCK RECOMMENDATION :

  • BUY IFAST CORP ABOVE 1.265 TARGET 1.300 1.340 1.400 SL 1.245

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

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