Daily Archives: March 30, 2016

30Mar

Comex Trading Signals and Market News – 30 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices fell by 0.06 per cent on Tuesday in the midst of speculation the Federal Reserve could give serious consideration to a rate hike at its April meeting boosting the US dollar.Federal Reserve Bank of San Francisco President John Williams reiterated that rate hikes this year are expected if data trends continue to show sold US economic growth.
  • Crude oil prices dropped by 0.46 per cent on Tuesday with US industry data ahead on stockpiles. The American Petroleum Institute will release its estimates of crude gasoline and distillates stocks late Tuesday. That will be followed by more closely-watched data from the US Department of Energy.
  • Natural Gas futures jumped by nearly 2 per cent in the domestic market on Monday tracking a bullish trend in the overseas market as investors and speculators booked fresh positions in the energy commodity amid expectations for gas-fired heating and cooling demand across parts of the US in the coming weeks.

ECONOMY NEWS :

  •  The Bank of England said on Tuesday that risks around Britain’s referendum on the European Union could push up borrowing costs and weaken sterling, and tightened rules for mortgage lending to landlords. The central bank said the outlook for financial stability had worsened since its last quarterly report in November, and also moved ahead with plans to require some banks to hold extra capital as lending growth started to pick up.
  • Japan’s parliament approved on Tuesday a record 96.72 trillion yen ($851.5 billion) state budget for fiscal 2016, paving the way for a fully-fledged debate on additional stimulus spending to spur the flagging economy. Prime Minister Shinzo Abe seeks to front-load spending for the annual budget for the coming fiscal year from April and to adopt a fresh extra budget, while speculation is rife that he may again delay a sales tax increase planned for April 2017.
  • John Williams, president of the San Francisco Fed, stated that the U.S. economy was in good shape with global risks abating and reiterated that future rate hikes by the U.S. central bank would be gradual. In a speech given Tuesday in Singapore, Williams commented that “things are looking very good” with regard to U.S. employment and said that he expects the jobless rate to continue to edge down.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1224 TARGET 1229 1235 SL BELOW 1219
  • SELL GOLD BELOW 1215 TARGET 1210 1204 SL ABOVE 1220

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

30Mar

IForex Market Trading Signals and News – 30 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie holds steady, kiwi gains ground with Yellen in focus
  • Forex -Dollar pushes higher ahead of Yellen speech
  • Forex-Yen under pressure, U.S. data disappoints dollar bulls

EUR/USD
EUR/USD is showing limited movement on Tuesday, as the pair trades at 1.1180 in the European session. On the release front, Eurozone M3 Money Supply remained steady at 5.0%, while Private Loans improved to 1.6%. Over in the US, CB Consumer Confidence is forecast to climb to 93.9 points. Federal Reserve Janet Yellen will deliver remarks at the Economic Club in New York City. US economic growth in the fourth quarter was respectable, but there are signs that we could see softer numbers for the first quarter of 2016. The Atlanta Fed downgraded its forecast for Q1 from 1.4 percent to 0.6 percent. The original forecast, released just last week, was lowered in response to a downgraded forecast of personal income and outlays by the US Bureau of Economic Analysis.

GBP/USD
The recovery back above the rising March trendline might mark the end of the pullback from $1.45. We have certainly seen a steady march higher, with $1.41 providing support for the pair.Today’s dip below the trendline may mark another possible buying opportunity, and a breakout above $1.4270 should see gains towards $1.4330 and then $1.4450. Currency pair GBP/USD began to increase, the pound rose above the level of 1.4250. The RSI indicator is rising after a rebound from the support level. The main aim to strengthen the sterling remains at the upper boundary of the descending channel. Thus, the forecast GBP/USD on 29.03.2016 includes securing the pair above the 1.4300 mark and continued growth.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4298 TARGET 1.4318 1.4348 SL BELOW 1.4268
  • SELL GBP/USD BELOW 1.4215 TARGET 1.4195 1.4165 SL ABOVE 1.4245

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

30Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 11.21 points or 0.4% lower to 2819.08, taking the year-to-date performance to -2.21%.
  • The top active stocks today were OCBC Bank, which declined 0.11%, DBS, which gained 0.07%, SingTel, which declined 0.79%, UOB, which declined 0.32% and Keppel Corp, with a 1.87% fall.
  • The FTSE ST Mid Cap Index declined 0.24%, while the FTSE ST Small Cap Index declined 0.36%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.73%. The two biggest stocks of the Index – Raffles Medical Group and Biosensors International Group- ended 1.12% higher and 0.61% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.28%. Keppel Corp shares declined 1.87% and Sembcorp Industries declined 2.93%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares USD Asia Bond ETF (+0.10%)SPDR Gold Shares (+0.22%), IS MSCI India 100 (+0.15%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.42%), Bhg Retail REIT (unchanged), Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI20000VTeCW160428 (-5.77%), HSI19200MBePW160530 (-9.35%), HSI20000MBePW160629 (-5.66%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+0.86%),KepCorp MBeCW161212 (-7.02%), DBS VT eCW160916 (+1.99%)

STOCK RECOMMENDATION :

  • BUY DEL MONTE AT CMP 0.330 TARGET 0.340 350 SL 0.315

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

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