Daily Archives: March 21, 2016

21Mar

Comex Trading Signals and Market News – 21 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Natural Gas prices extended gain over 1 per cent on Friday at the Multi Commodity Exchange (MCX) as traders widened their position tracking a rally in the energy commodity internationally as forecasts for cooler weather across the eastern parts of the US next week raised hopes of a pickup in gas-fired heating demand in the world’s biggest fuel consuming nation.
  • U.S. oil futures touched new highs for 2016 on Friday and were set to post gains for a fifth straight week on growing optimism that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices.U.S. crude (CLc1) was up 3 cents at $40.23 barrel at 0653 GMT, after rising to as much as $40.55 – higher than the previous peak of $40.36 reached on Thursday.
  • Gold slid lower in European morning hours on Friday, but remained within close distance of a one-year high as sentiment on the U.S. dollar remained vulnerable after the Federal Reserve’s most recent policy statement. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.43% at $1,259.60.

ECONOMY NEWS :

  • The Philippines’ financial system is facing a risk because of the $81 million that was stolen by hackers from the New York Fed account of Bangladesh’s central bank and then transferred to Manila, the country’s central bank governor said on Friday.”If you look at the behavior of the financial markets over the last several days there has been no indication that there is a negative impact. But we have to recognize there is a risk,” Amando Tetangco told reporters.
  • The European Central Bank can cut interest rates again if the euro zone’s economy fails to pick up and, under extreme circumstances, it might even consider printing money and giving it out directly to people, its chief economist said in a newspaper interview published on Friday.The ECB upset investors last week when its president, Mario Draghi, said he did not expect further rate cuts, raising questions about his pledge in 2012 to do “whatever it takes” to save the euro.
  • An international review by creditors of Greece’s reform program is advancing and it could be wrapped up by May 1, the head of the European Stability Mechanism (ESM) rescue fund told the Swiss newspaper Neue Zuercher Zeitung.”There is progress but it is too early to say when exactly the review will conclude,” Klaus Regling was quoted as saying in an interview, adding that the ESM assumed Greece would need “significantly less” than the 86 billion euros ($97 billion)being discussed for a third assistance program.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1265 TARGET 1270 1280 SL 1253
  • SELL GOLD BELOW 1248 TARGET 1243 1233 SL 1255

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

21Mar
forex-trading3

IForex Market Trading Signals and News – 21 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar regains some ground vs. euro, yen
  • Forex -Yen stands tall as dollar weakened by Fed’s cautious stance
  • Forex-Dollar sell off ebbs, but on track for weekly losses on Fed outlook

EUR/USD
EUR/USD is currently trading with a bullish bias. Following the break above the pivot level 1.1178, Euro appears to have developed a bullish trend. We anticipate a breakout above 1.1380 for us to continue long with our ideal target at 1.1492. Alternatively, we wait for minor pullbacks towards 1.1291 for us to execute buy orders. This view can only be invalidated should the anticipated pullback go below 1.1267. If the latter is the case, then we will be looking for short positions with our target at 1.09935. This pair should be alongside GBP/JPY, and GBP/USD. These pairs have a strong positive correlation of up to +0.89 and will likely move in a similar direction. Only buy or sell Euro if pound dollar is giving the same signal.

GBP/USD
The pound slipped lower against the U.S. dollar on Friday, pulling away from a one-month peak as the greenback recovered from losses posted after the Federal Reserve’s latest policy decision.GBP/USD hit 1.4440 during European morning trade, the session low; the pair subsequently consolidated at 1.4426, shedding 0.39% .Cable was likely to find support at 1.4219, Thursday’s low and resistance at 1.4517, the high of February 16. The dollar came under broad selling pressure after the Fed left its monetary policy unchanged on Wednesday and said that it is likely to raise interest rates twice this year – and not four times, as initially estimated.Fed policymakers said the U.S. economy faces risks from an uncertain global economy, although moderate growth and “strong job gains” would allow it to tighten policy this year.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4540 TARGET 1.4560 1.4590 SL 1.4510
  • SELL GBP/USD BELOW 1.4450 TARGET 1.4430 1.4380 SL 1.4480

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

21Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 21 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 26.63 points or 0.92% higher to 2906.8, taking the year-to-date performance to +0.83%.
  • The top active stocks today were DBS, which gained 1.78%, SingTel, which gained 1.83%, OCBC Bank, which gained 1.98%, Wilmar Intl, which gained 1.85% and UOB, with a 0.31% advance.
  • The FTSE ST Mid Cap Index gained 0.59%, while the FTSE ST Small Cap Index rose 0.16%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 2.19%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 4.03% higher and 1.71% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 3.91%. Silverlake Axis shares remained unchanged and CSE Global gained 2.17%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+1.04%), DBXT MSCI Indonesia ETF 10 (-0.68%), IS MSCI India 100 (+0.62%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.48%), Capitamall Trust (+0.47%), Capitacom Trust (+1.03%).
  • The most active index warrants by value today were : HSI21000MBeCW160428 (+4.08%), HSI19600MBePW160428 (-9.64%), HSI20200MBeCW160428 (+5.95%).
  • The most active stock warrants by value today were : DBS MB eCW160711 (+9.09%),KepCorp MBeCW161212 (-0.76%), UOB MB eCW160705 (-2.90%).

STOCK RECOMMENDATION :

  • BUY YOMA STRATEGIC ABOVE 0.570 TARGET 0.600 0.640 SL 0.520

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.