Daily Archives: January 18, 2016

18Jan

Comex Trading Signals and Market News – 18 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures plunged by more than 5 per cent in the domestic market on Thursday as investors and speculators shunned the energy commodity tracking a bearish trend in the overseas market as a smaller-than-expected storage withdrawal signaled weak demand for the heating fuel in the world’s biggest economy even amidst the peak winter season fueling concerns over high storage levels.
  • Copper prices fell by 0.54 per cent on Friday after the number of people who filed for unemployment assistance in the US rose unexpectedly last week signaling weak labor market in US world’s largest economy which reduced the demand for the metal. The US Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 8 increased by 7000 to a seasonally adjusted 284000 from the previous week’s total of   277000.
  • Gold surged on Friday enjoying its strongest one-day move in six weeks, as a batch of soft U.S. economic data and further signals of weakness in China sent investors scurrying toward the safe-haven asset.On the Comex division of the New York Mercantile Exchange, gold for February delivery traded in a broad range between $1,076.00 and $1,097.20 an ounce before settling at $1,090.00, up 15.80 or 1.47% on the session.

ECONOMY NEWS :

  • The Federal Reserve was worried that leaks of its confidential discussions in 2010 exposed it to charges of insider trading and raised questions over its credibility, according to transcripts of meetings released on Friday.The transcripts showed that members of the Federal Open Market Committee discussed the implications of a 2010 Reuters story, which reported that an advisory firm headed by former Fed Governor Larry Meyer sent a note on Aug. 19, 2010 to clients with a breakdown of a policy-setting meeting held nine days earlier.
  • Bank of England Governor Mark Carney is unlikely to make many predictions for the coming year when he delivers  his first keynote speech of 2016 on Tuesday.Since taking over the central bank nearly three years ago, Carney has been wrong-footed on a number of occasions by the British economy’s twists and turns after the financial crisis.This may prompt him to tread carefully when he speaks at the University of London.
  • India’s market regulator raised gross open position limit amount for bank stock brokers in USD/INR derivative contracts to $1 billion from $100 million, an official release said on Friday.The limit stands at 15 percent of the total open interest or $1 billion, or whichever is higher, stated the Securities and Exchange Board of India (SEBI). “To maintain orderly conditions in the domestic foreign exchange market, and based on RBI’s recommendation, it has been decided to enhance the gross open position limits for bank stock brokers,” SEBI added.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1092 TARGET 1097 1103 SL 1086
  • SELL GOLD BELOW 1084 TARGET 1079 1073 SL 1090

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

18Jan
forex-trading3

IForex Market Trading Signals and News – 18 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Aussie, kiwi, Canadian dollars dive 1 percent or more on oil price tumble
  • Forex -Dollar remains broadly lower on U.S. economic reports
  • Forex -USD/CAD hovers near 13-year highs on oil rout

EUR/USD
EUR/USD surged to near one-month highs, as a wave of soft U.S. economic data potentially increased the probability that the Federal Reserve could delay its next interest rate hike beyond the first quarter of 2016. The currency pair traded in a broad range between 1.0855 and 1.0984 before settling at 1.0916, up 0.0051 or 0.47% on the session. The euro ended the week virtually flat against the dollar, down 0.15%. After tumbling approximately 10% against the dollar in 2015, the euro is up approximately 0.5% against its American counterpart over the first two weeks of the new year. The euro last eclipsed 1.10 versus the dollar on December 16. EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1352, the high from Oct. 22.The U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, lost more than 0.40% to an intraday low of 98.42, before closing at 98.99. The index remains near 12-month highs from December, when it eclipsed 100.00.

GBP/USD
The pound dropped to fresh five-and-a-half year lows against the U.S. dollar on Friday, as sentiment remained under pressure amid an ongoing oil rout and as investors awaited the release of U.S. economic reports later in the day.GBP/USD hit 1.4339 during European morning trade, the pair’s lowest since May 2010; the pair subsequently consolidated at 1,4357, sliding 0.39%.Cable was likely to find support at 1.4229 and resistance at 1.4445, Thursday’s high.Investors remained cautious after Brent crude, the global benchmark, fell below the $30 per barrel threshold on Friday to $29.93, the lowest level since 2004, pressured lower by a global supply glut and fears of a slowdown in China.Meanwhile, the dollar remained supported after the U.S. Department of Labor said on Thursday that the number of individuals filing for initial jobless benefits in the week ending January 8 increased by 7,000 to 284,000 from the previous week’s total of 277,000.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4270 TARGET 1.4290 1.4330 SL 1.4230
  • SELL GBP/USD BELOW 1.4200 TARGET 1.4180 1.4140 SL 1.4240

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

18Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 13.81 points or 0.52% lower to 2630.76, taking the year-to-date performance to -8.74%.
  • The top active stocks today were SingTel, which gained 1.71%, DBS, which declined 1.35%, OCBC Bank, which declined 1.00%, UOB, which declined 1.29% and Keppel Corp, with a 0.41% fall.
  • The FTSE ST Mid Cap Index declined 0.21%, while the FTSE ST Small Cap Index declined 0.51%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 1.75%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 3.73% higher and 2.58% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.26%. Silverlake Axis shares declined 4.31% and CSE Global remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares Usd Asia Bond Etf (unchanged), Sti Etf (-0.74%), Spdr Gold Shares (-0.67%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.38%), Capitacom Trust (+1.94%), Capitamall Trust (+1.59%)
  • The most active index warrants by value today were : HSI20400MBePW160128 (+20.59%), HSI19600MBePW160226 (+17.50%), HSI20000MBeCW160226 (-17.16%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-12.94%), KepCorp MBeCW161101 (unchanged), UOB MB eCW160705 (-9.35%)

STOCK RECOMMENDATION :

  • BUY CAPITALAND TRUST ABOVE 1.320 TARGET 1.350 1.420 SL 1.280

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