Daily Archives: January 19, 2016

19Jan
SGX

Singapore shares close higher on weak China data, Dow futures’ surge

The Straits Times Index (STI) bounce 45.47 points or 1.75 per cent to 2,638.47 as traders bet on Wall Street – which was closed on Monday for Martin Luther King Day – rebounding from Friday’s devastating loss on Tuesday and more government stimulus in China.
Turnover amounted to 1.24 billion units worth S$1.28 billion, the second highest so far in 2016 after S$1.6 billion was traded on Jan 7. Excluding warrants, the advance-decline score was 306/126.

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19Jan

Comex Trading Signals and Market News – 19 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices struggled for direction in quiet trade on Monday, as market players continued to monitor movements in the U.S. dollar and global stock markets.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.1% to 99.08.Meanwhile, global equity markets were lower as oil prices fell below the $28-level to hit a fresh 13-year low, adding to fears over the outlook for global growth.
  • Copper prices bounced back from a new seven-year low in Europe trade on Monday, but gains remained limited amid ongoing concerns over the health of the global economy. The red metal is sensitive to the economic growth outlook because of its widespread uses across industries.
  • Brent oil futures fell below the $28-level to hit a fresh 13-year low on Monday, as international sanctions against Iran’s nuclear program were lifted over the weekend, opening the door to a wave of new oil and adding to concerns that a global glut will linger.Analysts say the country could quickly ramp up exports by around 500,000 barrels.

ECONOMY NEWS :

  • The Bank of Japan expressed disappointment at how slowly companies are raising pay despite a tightening job market, suggesting its readiness to expand stimulus if the recent market turmoil further delays wage hikes. But BOJ Governor Haruhiko Kuroda maintained his upbeat view on the economy and offered no clear signs that additional stimulus may be forthcoming this month.
  • Politicians and business leaders gathering in the Swiss Alps this week face an increasingly divided world, with the poor falling further behind the super-rich and political fissures in the United States, Europe and the Middle East running deeper than at any time in decades.Just 62 people, 53 of them men, own as much wealth as the poorest half of the entire world population and the richest 1 percent own more than the other 99 percent put together, anti-poverty charity Oxfam said on Monday.
  • India’s exports declined 14.75 percent in December from a year ago to $22.29 billion, data released by the Ministry of Commerce and Industry showed Monday. Exports decreased for a 13th consecutive month in December. At the same time, imports dropped 3.88 percent to $33.96 billion. Consequently, the trade deficit widened unexpectedly to $11.66 billion from $9.8 billion in November. During April to December, exports plunged 18.06 percent and imports by 15.87 percent, taking the trade shortfall to $99.2 billion.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1095 TARGET 1100 1106 SL 1089
  • SELL GOLD BELOW 1085 TARGET 1080 1074 SL 1091

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19Jan
forex-trading3

IForex Market Trading Signals and News – 19 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -NZD/USD holds steady in late trade
  • Forex -AUD/USD climbs higher after China move
  • Forex -Dollar rises against yen as yuan firms up

EUR/USD
The EUR/USD pair trades around the daily lows as the European stock markets opened on a positive note. The currency pair recovered slightly from the 5-DMA support located at 1.0875; however, the recovery is being capped on account of a 0.7% gain in the Euro Stoxx 50 index. As of now, the European investors have turned a blind eye towards the sharp drop in oil prices. The positive action in equities is capping demand for safe haven and funding currencies. The shared currency remains at the mercy of the overall market sentiment amid an empty economic calendar in Europe and US. The volumes may drop later as the US markets are closed on account of Martin Luther King holiday. The pair currently trades at 1.0880. The immediate resistance is seen at 1.0890 (38.2% of 1.1495-1.0517), above which the spot could test 1.0943 (Thursday’s high). On the other hand, a break below 1.0875 (5-DMA) would expose 1.0813

GBP/USD
It seems the sterling is recovering the smile today, lifting GBP/USD back above the 1.4300 handle to the 1.4315/20 band.The pair has managed to leave the area of multi-year lows seen last week around 1.4240, advancing at the beginning of the week to daily highs beyond the 1.4300 handle. The pair’s oversold condition following the recent sharp retracement might be acting as the main driver behind today’s correction, amidst a context favourable to the greenback and speculative positioning still net-short GBP.The pair is now up 0.37% at 1.4305 and a break above 1.4490 (downtrend from 1.5232) would open the door to 1.4626 (20-day sma) and finally 1.4947 (high Dec.24). On the flip side, the immediate support lines up at 1.4247 (low Jan.15) ahead of 1.4230 (monthly low Apr.2010) and then 1.4049

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4300 TARGET 1.4320 1.4350 SL 1.4270
  • SELL GBP/USD BELOW 1.4270 TARGET 1.4250 1.4220 SL 1.4300

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19Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 19 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 37.76 points or 1.44% lower to 2593, taking the year-to-date performance to -10.05%.
  • The top active stocks today were DBS, which declined 2.80%, SingTel, which declined 0.84%, UOB, which declined 2.84%, OCBC Bank, which declined 2.14% and CapitaLand, with a 1.63% fall.
  • The FTSE ST Mid Cap Index declined 1.30%, while the FTSE ST Small Cap Index declined 1.53%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.86%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 0.75% higher and 1.46% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 2.98%. China Everbright Water shares declined 2.98% and SIIC Environment Holdings declined 4.38%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.12%)Dbxt Ftse Vietnam Etf 10 (-1.76%), Dbxt S&P 500 Short Etf 10 (-0.17%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.47%), Capitacom Trust (+0.76%), Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI20000MBeCW160226 (-19.29%), CN11500MBeCW160428 (+2.63%), HSI18400MBePW160330 (+5.36%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-20.27%) ,UOB MB eCW160705 (-20.62%), KepCorp MBeCW161101 (unchanged)

STOCK RECOMMENDATION :

  • BUY YANLORD LAND ABOVE 1.010 TARGET 1.030 1.070 SL 0.975

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