Daily Archives: March 9, 2016

9Mar

Comex Trading Signals and Market News – 09 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading higher during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal amid hopes that the European Central Bank (ECB) will unleash further monetary easing measures to prop up the Euro area economic recovery when it meets this Thursday a move which could boost gold a hedge against the inflationary risk of monetary stimulus.
  • Copper futures fell during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal after a sharp fall in China’s exports and imports in the month of February signaled concerns over the economic outlook for the world’s biggest metals consuming nation clouding the demand outlook for copper.
  • Oil prices were lower on Tuesday, pulling back from the prior session’s three-month highs as risk appetite waned after the latest trade figures out of China added to concerns over the health of the world’s second-biggest economy. Exports plunged 25.4% from a year earlier in February, far worse than forecasts for a decline of 12.5% and the worst monthly performance since May 2009, while imports dropped 13.8%, compared to expectations for a fall of 10.0%.

ECONOMY NEWS :

  • Bank of England Governor Mark Carney on Tuesday backed Prime Minister David Cameron’s European Union deal ahead of a June referendum on membership, saying the agreement allowed the central bank to do its job. While Carney said he was not making any recommendation about how to vote in the June 23 referendum, he gave a positive assessment of Cameron’s EU settlement.
  • Japan’s gross domestic product was down an annualized 1.1 percent on year in the fourth quarter of 2015, the Cabinet Office said in Tuesday’s revised reading, following last month’s preliminary reading that suggested a contraction of 1.4 percent. GDP expanded 1.3 percent in the third quarter. On a quarterly basis, GDP dipped 0.3 percent – which also marked an upward revision from 0.4 percent. GDP added 0.3 percent in the three months prior.
  • China’s exports tumbled in February though the massive slide reflected the shift in the timing of Chinese New Year. Exports plummeted 25.4% year-on-year in February, the biggest fall since May 2009, the General Administration of Customs reported today. At the same time, imports also plunged by around 14%. As the decline in exports outpaced the fall in imports, the trade surplus narrowed sharply to $32.6 billion from $63.29 billion in the prior.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1276 TARGET 1281 1287 SL 1270
  • SELL GOLD BELOW 1272 TARGET 1268 1262 SL 1278

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

9Mar
Forex trading

IForex Market Trading Signals and News – 09 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Yen rises as weak China trade data sours sentiment
  • Forex -Aussie, kiwi lose ground amid profit-taking
  • Forex -Dollar slips as oil and metals markets rally

EUR/USD
The European currency keeps its daily gains vs. the dollar today, with EUR/USD hovering over the 1.1020/25 band so far.The sentiment remains unaltered around the single currency on Tuesday after EMU’s GDP figures showed the economy has expanded 0.3% interquarter during Q4 and 1.6% on an annualized basis, surpassing prior surveys at 1.5%. Ahead in the session, the NFIB’s index is only due in the US calendar followed by the weekly report on crude stockpiles by the API.In the meantime, spot is managing quite well to keep the trade above the 1.1000 handle, although the recent upside will be put to the test later in the week in light of the ECB meeting and prospects of additional stimulus in the region.

GBP/USD
The sterling remains on the defensive today, with GBP/USD dropping to session lows in the 1.4220 area.In spite of the current decline, the pair manages to keep the trade in the upper end of the recent range above he 1.4200 mark, hovering over the 50% Fibo retracement of the February down-move.In addition, spot kept the composure after comments by Governor Mark Carney passed largely unnoticed amongst traders, stressing that the BoE will not offer any assessment on a ‘Brexit’ scenario.As of writing the pair is retreating 0.16% at 1.4244 and a breach of 1.4188 (20-day sma) would open the door to 1.4079 (low Jan.21) and then 1.3836 (multi-year low Feb.29). On the other hand, the next hurdle lines up at 1.4348 (61.8% Fibo of 1.4670-1.3833) followed by 1.4387 (55-day sma) and finally 4410.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4284 TARGET 1.4304 1.4334 SL 1.4254
  • SELL GBP/USD BELOW 1.4218 TAGET 1.4198 1.4168 SL 1.4248

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

9Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 47.05 points or 1.67% lower to 2776.46, taking the year-to-date performance to -3.69%.
  • The top active stocks today were DBS, which declined 1.69%, Keppel Corp, which declined 6.94%, SingTel, which declined 0.80%, OCBC Bank, which declined 0.92% and Ezra, with a 2.91% fall.
  • The FTSE ST Mid Cap Index declined 1.28%, while the FTSE ST Small Cap Index declined 1.12%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which declined 0.53%. The two biggest stocks of the Index – Raffles Medical Group and Biosensors International Group- ended 0.23% lower and 0.61% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 7.16%. Keppel Corp shares declined 6.94% and Sembcorp Industries declined 9.09%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.64%), STI ETF (-1.77%), DBXT MSCI Indonesia ETF 10 (-1.85%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.67%), Capitamall Trust (-0.94%), Capitacom Trust (-1.74%)
  • The most active index warrants by value today were : HSI20200MBeCW160428 (-17.95%), HSI19800MBeCW160330 (-13.57%), HSI19600MBePW160428 (unchanged)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-12.06%), KepCorp MBeCW161212 (-24.18%), NKY 15500MBePW160610 (+5.22%)

STOCK RECOMMENDATION :

  • BUY COSMOSTEEL AT 0.121 TARGET 0.128 0.134 0.140 SL 0.117

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