Daily Archives: February 16, 2016

16Feb

Comex Trading Signals and Market News – 16 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural gas futures plummeted by nearly 2 per cent in the domestic market on Friday crashing to the lowest level in seven weeks overseas as investors and speculators shunned the energy commodity as forecasts for above normal temperatures later in February across the US threatened to curb the demand for the heating fuel in the world’s biggest gas consuming nation.
  • Oil prices gave back some of the previous session’s strong gains on Monday, with the U.S. benchmark falling back below the $29-level amid doubts over the likelihood of a collective OPEC cut happening anytime soon. Global oil prices surged more than 12% on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, though traders remained skeptical over the potential for an agreement.
  • Gold futures fell sharply in Europe trade on Monday, as the metal’s safe-haven appeal was dampened amid a recovery in global equity markets.Gold for April delivery on the Comex division of the New York Mercantile Exchange fell to an intraday low of $1,212.50 a troy ounce before paring some losses to trade at $1,213.30 by 08:00GMT, or 3:00AM ET, down $26.10, or 2.11%.Gold soared to a one-year high of $1,263.90 late last week, boosted by a flight to safety.

ECONOMY NEWS :

  • Australia will move to a new process by the end of this year for setting its credit market reference rate, even as the corporate regulator reportedly prepares to launch its first civil action for attempted rate rigging. The changes, contained in a discussion paper from the Council of Financial Regulators (CFR), are intended to minimise the risk of manipulation facing Australia’s BBSW bank bill swap rate, which sets the price of money market funds.
  • Japan is poised to push for greater cooperation from its G7 partners to soothe market jitters but may struggle to produce measures that could meaningfully restore global market confidence, government sources say. As economic leaders from G20 nations prepare to meet in Shanghai next week, there is increasing market speculation that the world’s largest economies, notably G7 countries, may produce a coordinated policy response to global market ructions and slowing growth. This could include currency intervention.
  • A delegation from the International Monetary Fund will visit Tunisia on Thursday to begin talks on a new credit programme likely to be worth at least $1.7 billion (£1.17 billion), a Tunisian official said.Tunisia is seeking to revive an economy that has struggled since the 2011 uprising that sparked the Arab Spring revolutions across North Africa, with deadly attacks last year by Islamist militants hitting the tourism industry on which it relies for jobs and revenue.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1215 TARGET 1220 126 SL 1221
  • SELL GOLD BELOW 1205 TAGRET 1200 1194 SL 1211

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

16Feb
SGX

SGX : Singapore shares open lower

SGX Market Updates :

  • Singapore shares open lower on Tuesday; STI eases 0.35%
  • SINGAPORE stocks opened slightly lower on Tuesday with the Straits Times Index (STI) slipping 0.35 per cent or 9.13 points to 2,598.77 as at 9am following the previous day’s rally.
  • Gainers outnumbered losers 47 to 46, with 28 million shares worth S$51.9 million changing hands.
  • Among the top actives was Chinese shipbuilder Cosco Corp, falling 9.4 per cent or three Singapore cents to 29 Singapore cents in the wake of a sharp fourth-quarter net loss.

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

16Feb

IForex Market Trading Signals and News – 16 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar moves higher as market sentiment improves
  • Forex -Yen and euro sink as China and Japan ease global nerves
  • Forex -Aussie and kiwi strengthen vs. greenback but gains capped

EUR/USD
Although euro extended its weakness against the greenback after meeting renewed selling interest at 1.1230 at European open n fell to a fresh intra-day low of 1.1188, cross-buying in euro vs other major ccys lifted price to 1.1209. In European morning, data showed the European Union’s trade surplus increased to 24.3B euros in Dec 2014 compare to 23.6B euros in preceding month. At present, offers are noted at 1.1220-30, then 1.1240-50 with stops above 1.1270. On the downside, bids are reported at 1.1180-70 and more around 1.1160 with stops below 1.1150.

GBP/USD
The GBP/USD pair trades uneventfully around the 1.4500 level, unchanged ever since the day started and unable to react to market’s improved mood. The dollar however, trades generally higher across the board, as during the Asian session, speculation that Japan will intervene further to weaken the yen sent the local benchmark, the Nikkei 225, up over 1,000 points.In Europe, stocks opened strongly higher, with the London FTSE 100 extending its Friday’s advance; however, the GBP/USD pair remains within a tight range. With no data in the UK and a holiday in the US, the pair will likely remain limited this Monday, with the risk remaining towards the downside as long as stocks keep running.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4500 TARGET 1.4520 1.4550 SL 1.4470
  • SELL GBP/USD BELOW 1.4460 TARGET 1.4440 1.4410 SL 1.4490

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

16Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 16 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 67.95 points or 2.68% higher to 2607.9, taking the year-to-date performance to -9.53%.
  • The top active stocks today were SingTel, which gained 4.47%, DBS, which gained 3.00%, JMH USD, which gained 2.39%, OCBC Bank, which gained 2.41% and UOB, with a 1.65% advance.
  • The FTSE ST Mid Cap Index gained 1.56%, while the FTSE ST Small Cap Index rose 0.29%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 4.16%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 4.47% higher and 1.38% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.00%. Silverlake Axis shares declined 0.89% and CSE Global declined 1.21%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-2.37%), Nikko Am Singapore STI ETF (+3.07%), STI ETF (+2.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.13%), Capitamall Trust (+2.93%), Mapletree Gcc Tr (+3.70%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (+31.43%), HSI17600MBePW160330 (-22.48%), HSI18400MBePW160330 (-22.53%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (+14.41%), UOB MB eCW160705 (+8.70%), NKY 16000MBeCW160311 (+66.67%)

STOCK RECOMMENDATION :

  • BUY NOBLE ABOVE 0.330 TARGET 0.360 0.400 SL 0.285

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

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