Daily Archives: March 14, 2016

14Mar

Comex Trading Signals and Market News – 14 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures rose handsomely during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity amid speculation that lower prices of the fuel which has witnessed a bearish ride off late may encourage low production and boost demand.
  • Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place.U.S. crude futures (CLc1) were trading at $38.64 a barrel at 0749 GMT, up 80 cents and over 2 percent from their last close.
  • Gold held steady at a 13-month high in European morning hours on Friday, as increased safe-haven demand following the announcement of fresh stimulus measures by the European Central Bank continued to support the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were little changed at $1,272.10.

ECONOMY NEWS :

  • Japanese banks have expressed concern that the Bank of Japan’s negative interest rate policy is hurting their earnings, which could lead them to charge higher fees on corporate accounts, according to a presentation by the Cabinet Office.However, companies welcomed negative rates because these have lowered borrowing costs, and some companies even say they plan to increase their capital expenditure, the presentation on Friday showed.
  • Germany’s wholesale prices dropped 1.9 percent year-on-year versus 1 percent decrease in January, Destatis said Friday. The index has been falling since July 2013. It was the biggest decline since February 2015. A sharp 15.1 percent decrease in solid fuels and related product prices contributed to the annual fall in February. On a monthly basis, wholesale prices slid 0.5 percent in February, slightly faster than January’s 0.4 percent drop.
  • Britain’s economic growth rate would be higher if its official statistics properly reflected the explosive growth in online activity, former Bank of England Deputy Governor Charlie Bean, who is leading a review into British statistics, said. If the digital economy was fully captured in economic statistics it could add between one third and two thirds of a percent to the growth rate of the British economy, a report drawn up by Bean and published on Friday said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1265
  • SELL GOLD BELOW 1263 TARGET 1258 1252 SL 1268

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

14Mar
forex-trading3

IForex Market Trading Signals and News – 14 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Euro dips after surge post-ECB
  • Forex -Dollar moves higher, recovers from Draghi remarks
  • Forex-Australia, NZ dlrs eclipsed by euro, Aussie still shines vs USD

EUR/USD
The euro pulled away from one-month highs against the U.S. dollar on Friday, as markets digested the European Central Bank’s most recent policy decision and comments by ECB President Mario Draghi.EUR/USD slipped 0.16% to 1.1161, pulling away from the previous session’s one-month peak of 1.1217.The euro initially weakened after the ECB cut interest rates across the euro zone to new record lows and boosted its quantitative easing program on Thursday.The ECB wrong footed markets by cutting its benchmark interest rate to a record-low of zero from 0.05%. Market watchers had been expecting no change. The central bank also cut the deposit facility rate deeper into negative territory, to minus 0.4% and cut the marginal lending rate cut to 0.25% from 0.30%.

GBP/USD
The pound was almost unchanged against the U.S. dollar on Friday, hovering close to a three-week high after data showed that the U.K. trade deficit narrowed more-than-expected in January. GBP/USD hit 1.4298 during European morning trade, the session high; the pair subsequently consolidated at 1.4285.Cable was likely to find support at 1.4115, Thursday’s low and resistance at 1.4409, the high of February 19.The U.K. Office for National Statistics said the country’s trade deficit narrowed to £10.29 billion in January from £10.45 billion in December, whose figure was revised from an initial deficit of £9.92 billion.Economists had expected the trade deficit to come in at £10.3 billion in January.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4280 TARGET 1.4260 1.4230 SL 1.4310
  • SELL GBP/USD BELOW 1.4250 TAGET 1.4230 1.4200 SL 1.4280

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

14Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 14 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 19.74 points or 0.7% higher to 2828.86, taking the year-to-date performance to -1.87%.
  • The top active stocks today were DBS, which gained 0.59%, Keppel Corp, which gained 2.71%, OCBC Bank, which gained 1.15%, SingTel, which gained 0.53% and UOB, with a 0.87% advance.
  • The FTSE ST Mid Cap Index gained 0.52%, while the FTSE ST Small Cap Index rose 0.60%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 2.10%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 2.11% higher and 2.99% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which rose 0.13%. Jardine Matheson Holdings shares gained 0.26% and Jardine Strategic Holdings gained 1.41%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (-0.47%), SPRDR Gold Shares (+1.11%), Ishares USD Asia Bond ETF (-1.83%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.42%), Capitamall Trust (-0.94%), Capitacom Trust (+1.05%)
  • The most active index warrants by value today were: HSI19800MBeCW160330 (+18.49%), HSI19600MBePW160428 (-11.48%), HSI20200MBeCW160428 (+14.39%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+4.80%), KepCorp MBeCW161212 (+8.94%), NKY 18000MBeCW160610 (+9.17%)

STOCK RECOMMENDATION :

  • BUY CHINA ENV ABOVE 0.075 TARGET 0.085 0.098 SL 0.062

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