Daily Archives: January 22, 2016

22Jan

Comex Trading Signals and Market News – 22 January 2016

INTERNATIONAL COMMODITY NEWS :

  • West Texas Intermediate oil futures fell again in Europe trade on Thursday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a faster pace than expected last week. The U.S. Energy Information Administration will release its weekly report on oil supplies at 16:00GMT, or 11:00AM ET, Thursday.
  • Gold futures edged lower in Europe trade on Thursday, after rising to a more than one-week high in the prior session, as market players looked ahead to upcoming U.S. economic data as well as the European Central Bank’s policy statement amid ongoing concerns over the oil rout.Investors kept an eye on U.S. data due later in the session to gauge if the world’s largest economy is strong enough to withstand further rate hikes in 2016.
  • Copper futures rallied modestly during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in physical demand for copper in the domestic spot market. However worries that a worsening economic slowdown in China the world’s biggest metals consumer may curb the demand for the industrial metal trimmed gains in copper as China’s stock markets declined for a second straight day as traders seemed unsure over policymakers’ ability to manage an economic slowdown and tackle financial volatility.

ECONOMY NEWS :

  • International Monetary Fund chief Christine Lagarde on Thursday said China’s structural reform will be a “massive undertaking”.Largarde’s comments were made at a session at the World Economic Forum in Davos, seen in a video feed monitored by Reuters.She added that she does not think China will actually complete the reform undertaking in line with the criteria attached to its entry into the IMF’s special drawing rights basket.
  • The European Central Bank is likely to keep interest rates on hold when its policymakers meet on Thursday, even as a market crash, tumbling bank stocks and ebbing inflation set the stage for action later in the year. The meeting of the Governing Council comes shortly after it cut the deposit rate in December, increasing the charge on banks for parking money at the ECB, and expanded its purchase program to buy chiefly government bonds.
  • China and Egypt will sign 21 deals on Thursday including a $1 billion financing agreement with Egypt’s central bank and a $700 million loan deal with the state-owned National Bank of Egypt.Ministers from the two countries began signing the agreements, many of them memorandums of understanding, at a meeting in Cairo during a visit by Chinese President Xi Jinping.The deals span a raft of infrastructure investments including an agreement between Egypt’s Housing Ministry and a Chinese developer to work on the first phase of a new Egyptian administrative capital.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1103 TARGET 1108 1113 SL 1097
  • SELL GOLD BELOW 1097 TARGET 1092 1086 SL 1103

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

22Jan
forex-trading3

IForex Market Trading Signals and News – 22 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -NZD/USD holds steady amid oil rout concerns
  • Forex -Dollar steady against yen, euro looking to ECB
  • Forex -AUD/USD slips lower as Australia data, oil rout weigh

EUR/USD
The EUR/USD is almost unchanged on Thursday, with EUR/USD wobbling around the 1.0900 figure so far. The pair is now looking to consolidate the breakout of the 1.0900 handle ahead of the opening bell in London, bolstered by some risk-off trade coming back to the markets. In the meantime, spot navigates unaltered the 1.07-1.10 range waiting for today’s ECB meeting. Market expectations of any change of the monetary policy remain close to zero, although Draghi’s press conference could bring in some volatility, especially amidst the collapse of crude oil prices and the stagnant inflation figures in the euro region. “The recent build-up in the short-term upward momentum fizzled out with the rapid drop from the high of 1.0975 yesterday”.“It appears that EUR is still trapped within a 1.0800/1.0990 range for now”.

GBP/USD
The pound touched a fresh seven-year low against the dollar on Wednesday after data showing that the U.K.unemployment rate fell unexpectedly in November but pay growth slowed, indicating that interest rates are likely to remain on hold for now. GBP/USD hit lows of 1.4126, the weakest since March 2009 before recovering slightly to trade at 1.4164, little changed for the day. The Office for National Statistics said the unemployment rate in the U.K. fell to 5.1% in the three months to November, its lowest since the three months to January 2006. Analysts had expected the jobless rate to hold steady at 5.2%.The number of people employed rose by 267,000, the third biggest increase on record.But data on pay growth was weaker the report showed, indicating that the BoE will wait for longer before hiking interest rates. Average weekly earnings excluding bonuses, wages rose by 1.9%, compared to expectations of a 1.8% rise. This was the weakest growth since February last year.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4200 TARGET 1.4220 1.4250 SL 1.4170
  • SELL GBP/USD BELOW 1.4150 TARGET 1.4130 1.4100 SL 1.4180

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

22Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 22 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 27.07 points or 1.06% lower to 2532.7, taking the year-to-date performance to – 12.14%.
  • The top active stocks today were DBS, which declined 2.27%, SingTel, which declined 0.88%, UOB, which gained 0.24%, OCBC Bank, which declined 1.18% and CapitaLand, with a 0.67% fall.
  • The FTSE ST Mid Cap Index declined 1.07%, while the FTSE ST Small Cap Index declined 0.90%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 2.15%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended 2.00% higher and 1.60% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 4.09%. Keppel Infrastructure Trust shares declined 2.11% and SIIC Environment Holdings declined 7.58%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (+0.33%), Sti Etf (-0.76%), Is Msci India 100 (+0.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Gld Us$ (+0.33%), Sti Etf (-0.76%), Is Ms India Us$ (+0.50%)
  • The most active index warrants by value today were : HSI18400MBePW160330 (+16.75%), HSI20000MBeCW160226 (-12.82%), HSI20600MBeCW160330 (-3.75%)
  • The most active stock warrants by value today were : KepCorp MBeCW161101 (-3.70%), DBS MB eCW160711 (-12.15%), UOB MB eCW160705 (+2.74%)

STOCK RECOMMENDATION :

  • BUY CAPITAMALL ABOVE 1.960 TARGET 2.000 2.050 SL 1.900

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