Daily Archives: February 22, 2016

22Feb

Comex Trading Signals and Market News – 22 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading unchanged in the domestic market during noon trade on Friday as investors and speculators shied away from booking fresh positions in the precious metal amidst a tepid global trend even as a weaker dollar supported the lure for the bullion as an alternative asset.Caution ahead of January US consumer inflation data which may offer some cues over the pace of US monetary tightening also weighed on sentiment.
  • Natural Gas futures fell over 3 per cent in the domestic market on Thursday as investors and speculators exited positions in the energy commodity as warmer than average temperatures across parts of the US curbed the demand for the heating fuel in the world’s biggest gas consuming nation overshadowing a big storage withdrawal.
  • Gold was little changed in European morning hours on Friday, but it still remained supported as concerns over declining oil prices persisted and as investors remained cautious ahead of U.S. inflation data due later in the day. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.20% at $1,223.90.

ECONOMY NEWS :

  • National Australia Bank NAB.AX said on Friday that chief financial officer Craig Drummond has resigned after just about 2-1/2 years in the role.NAB has promoted Gary Lennon, executive general manager finance, as new chief financial officer to replace Drummond who played a key role in helping NAB exit its underperforming and low returning assets in the U.S. and the UK while also leading a A$5.5 billion capital raising last year.
  • Bank of England policymaker Martin Weale has said he would be surprised if Britain’s central bank took as long to hike interest rates as markets expect.Weale’s comments, in a newspaper interview published on Friday, add to signs of unease among BoE policymakers about markets pricing in an interest rate hike only by mid-2019, a view described as unwarranted by Deputy Governor Jon Cunliffe a day earlier.
  • Britain recorded the largest public finances surplus for any January since 2008, while retail sales growth surged at a much faster rate than expected, according to official figures published on Friday. The Office for National Statistics said the January surplus, excluding banks, rose to 11.210 billion pounds from 10.217 billion pounds a year earlier. Still, the surplus was some way short of 12.65 billion pound forecast in a Reuters poll.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1225 TARGET 1245 12275SL 1195
  • SELL GOLD BELOW 1220 TAGRET 1200 1170 SL 1250

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

22Feb

IForex Market Trading Signals and News – 22 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar edges lower vs. yen, euro in cautious trade
  • Forex – Dollar holds steady vs. rivals, U.S. data on tap
  • Forex – USD/CAD moves higher after U.S., Canadian data

EUR/USD
The euro held steady near two-week lows against the U.S. dollar on Friday, as positive U.S. inflation data lent broad support to the greenback, while growing expectations for further easing by the European Central Bank dampened demand for the single currency. EUR/USD hit 1.1067 during U.S. morning trade, the pair’s lowest since February 3; the pair subsequently consolidated at 1.1104.The pair was likely to find support at 1.0987, the low of October 6 and resistance at 1.1153, Thursday’s high. Data showed that the U.S. consumer price index was flat in January, compared to expectations for a 0.1% downtick and after a 0.1% fall the previous month. Year-on-year, consumer prices increased by 1.4% last month. Core CPI, which excludes food and energy, rose 0.3% in January, more than the expected 0.2% gain and after an increase of 0.2% in December.Meanwhile, sentiment on the single currency remained vulnerable after the minutes of the European Central Bank’s January meeting, released on Thursday, signaled that the bank is prepared to inject further monetary easing next month if necessary to bolster growth.

GBP/USD
The pound slipped lower against the U.S. dollar on Friday, after the release of mixed economic reports from the U.K. and as investors continued to focus on discussions over Britain’s European Union membership. GBP/USD hit 1.4297 during European morning trade, the session low; the pair subsequently consolidated at 1.4304, shedding 0.23%.Cable was likely to find support at 1.4233, Wednesday’s low and resistance at 1.4517, Tuesday’s high.The U.K. Office for National Statistics said that retail sales rose 2.3% in January, beating expectations for a 0.8% gain. Retail sales declined by 1.4% in December, whose figure was revised from a previously estimated 1.0% fall.Year-on-year, retail sales climbed 5.2% last month, exceeding expectations for a 3.6% riseCore retail sales, which exclude automobiles and fuel, increased by 2.3% in January, compared to expectations for an uptick of 0.7%. Core retail sales slipped 1.3% in December, whose figure was revised from a previously estimated 0.9% decline.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4340 TARGET 1.4360 1.4390 SL 1.4310
  • SELL GBP/USD BELOW 1.4270 TARGET 1.4250 1.4220 SL 1.4300

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

22Feb
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 0.7 points or 0.03% lower to 2656.87, taking the year-to-date performance to -7.83%.
  • The top active stocks today were DBS, which declined 1.51%, CapitaLand, which declined 1.38%, SingTel, which declined 0.80%, CapitaMall Trust, which gained 0.95% and OCBC Bank, with a 0.76% advance.
  • The FTSE ST Mid Cap Index gained 0.05%, while the FTSE ST Small Cap Index rose 0.35%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 2.90%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended unchanged and 8.20% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.76%. SingTel shares de-
    clined 0.80% and StarHub declined 0.86%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.27%), Ishares USD Asia Hy Bond ETF (+0.30%), IS MSCI India 100 (-0.17%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.95%), Ascendas REIT (-1.65%), Suntec REIT (+0.91%)
  • The most active index warrants by value today were : HSI18400MBePW160330 (-2.80%), HSI19800MBeCW160330 (+4.85%), HSI19600MBePW160226 (-13.33%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (-7.45%), NKY 15500MBePW160311 (unchanged), KepCorp MBeCW161212 (+1.06%)

STOCK RECOMMENDATION :

  • BUY GLOBAL LOGISTIC ABOVE 1.720 TARGET 1.820 2.000 SL 1.610

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

22Feb
sgx-asx

SGX : Singapore shares open higher on Monday

Market Update :

  • Singapore shares open higher on Monday with the buying interest shifting into several penny stocks that were on active trade.
  • At 9.22am, the Straits Times Index rose 6.07 points or 0.23 per cent to 2,662.94.
  • Some 214 million shares worth S$171.3 million changed hands. Gainers outpaced losers 116 to 56.
  • Among active stocks were QT Vascular, which was up 5.2 per cent at 12.1 cents, Spackman Entertainment Group up 5.4 per cent at 11.7 cents and China Sports International up 6.3 per cent at 1.7 cents.

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

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