Monthly Archives: April 2016

29Apr

Comex Trading Signals and Market News – 29 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices rose by 0.64 per cent on Thursday after housing starts in Japan rose unexpectedly in the last quarter signaling improving housing market in the region which raised the demand for the fuel.In a report Ministry of Land Infrastructure and Transport said that Japanese Housing Starts rose to a seasonally adjusted 8.4 per cent from 7.8 percent in the preceding quarter.
  • Gold prices gained 0.18 per cent on Thursday after the Bank of Japan surprised markets by keeping monetary policy steady. The BoJ held monetary policy steady quashing speculation that it would ramp up its already extensive easing program. At the MCX Gold futures for June 2016 contract is trading at Rs 29435 per 10 gram up by 0.18 per cent after opening at Rs 29350 against the previous closing price of Rs 29383. It touched the intra-day high of Rs 29480.
  • Silver futures rose by 1.20 per cent on Wednesday afternoon market at the Multi Commodity Exchange (MCX) due to firm global trend. At the MCX Silver futures for May 2016 contract is trading at Rs. 40671 per Kg up by 1.20 per cent after opening at Rs. 40350. It touched the intra-day high of Rs. 40899.Mexico is the largest producer of silver whereas major consumers are USA India and Canada.

ECONOMY NEWS :

  • Japan’s unemployment rate dropped to 3.2 percent in March from 3.2 percent in prior month, the Ministry of Communications and Internal Affairs said Thursday. The number of unemployed people fell to 2.11 million in March from 2.16 million a month earlier. A year ago, the jobless figure totaled 2.22 million.
  • The MNI India Business Sentiment Survey for April showed that business confidence fell for the second consecutive month, albeit marginally, as firms’ financial position deteriorated. The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed companies, fell to 62.4 in April from 62.7 in March. The decrease in sentiment this month was led by construction and service sector firms while sentiment among manufacturing companies increased.
  • South Korea has increased its planned spending for this year, the finance ministry said on Thursday, in its latest bid to jump-start the economy and pre-emptively address risks to growth.At the same time, the country’s central bank will keep monetary policy “flexible” to support economic activity and maintain financial stability, the finance ministry said in a statement.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1258.8 TARGET 1263.8 1269.8 SL BELOW 1253.8
  • SELL GOLD BELOW 1253.8 TARGET 1248.8 1242.8 SL ABOVE 1258.8

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

29Apr

IForex Market Trading Signals and News – 29 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Yen gains most in 5 years vs euro on BOJ surprise
  • Forex -Dollar drops against rivals after Fed decision
  • Forex-Kiwi and Aussie gain ground after RBNZ and Fed hold

EUR/USD
The Euro to dollar exchange rate managed to gain strength recently and traded higher, but EUR/USD is currently facing a major resistance.The US Dollar buyers did not like the fed outcome and that is the reason why there was a minor decline in the greenback. The Euro climbed higher and broke the 200 simple moving average on the 4-hours chart.Earlier today, the German Unemployment Change report was released by the German Statistics Office. The forecast was slated for no change in April 2016, but as per the report, the German Unemployment Change came in at -16K. The report added that “According to provisional results of the employment accounts, the number of persons in employment increased by 150,000, or 0.3%, from February to March 2016, one of the reasons being the spring upturn. The increase on February was higher than the relevant average of the past five years (124,000 people)”.

GBP/USD
The GBP/USD pair advanced modestly after the London opening, spiking up to 1.4617, but is still unable to firmly settle above the 1.4600 mark, and once again retreated. The dollar is generally lower across the board, as BOJ’s inaction during Asian trading hours, fueled demand of the JPY, and put the USD under selling pressure.From a technical point of view, the 4 hours chart shows that the price has managed to bounce from a bullish 20 SMA tested earlier today, and currently at 1.4535. The technical indicators hold above their mid-lines but lack directional strength, reflecting the absence of volume in the ongoing session. the pair can rally up to the 1.4680/1.4700 region, whilst some steady gains beyond this last expose the 1.4770 price zone for the upcoming sessions.Declines towards the 1.4530/40 region should be seen as buying opportunities, with the next intraday low and a line in the sand for today, at 1.4290.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4638 TARGET 1.4658 1.4688 SL BELOW 1.4608
  • SELL GBP/USD BELOW 1.4544 TARGET 1.4524 1.4494 SL ABOVE 1.4574

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

29Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 12.42 points or 0.43% lower to 2862.3, taking the year-to-date performance to -0.71%.
  • The top active stocks today were SingTel, which gained 0.26%, DBS, which declined 1.03%, NOL, which gained closed unchanged, OCBC Bank, which declined 1.00% and CapitaLand, with a 0.63% fall.
  • The FTSE ST Mid Cap Index gained 0.60%, while the FTSE ST Small Cap Index rose 0.49%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.82%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings- ended 2.62% higher and 1.01% lower respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.15%. Keppel Infrastructure Trust shares declined 1.00% and SIIC Environment Holdings declined 2.14%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT IBOXX Singapore ETF 5 (unchanged), SPDR Gold Shares (+0.95%), IShares USD Asia Bond ETF (+0.10%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+1.44%), Ascendas REIT (+0.82%), Mapletree Gcc Tr (+3.03%)
  • The most active index warrants by value today were : HSI21400MBeCW160530 (-2.08%), HSI21000MBePW160530 (+1.94%), HSI22200MBeCW160530 (-12.96%)
  • The most active stock warrants by value today were : OCBC Bk MB eCW161003 (-7.35%), NKY 18000MBeCW160610 (-59.21%), DBS MB eCW160705 (-12.77%)

STOCK RECOMMENDATION :

  • BUY SUPER GROUP ABOVE 0.985 TGT 1.025 1.055 SL 0.936

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

28Apr

Comex Trading Signals and Market News – 28 April 2016

INTERNATIONAL COMMODITY NEWS :

  • West Texas Intermediate oil prices rallied to a five-month high in European trade on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a slower pace than expected last week.The U.S. Energy Information Administration will release its weekly report on oil supplies at 14:30GMT, or 10:30AM ET, amid expectations for a gain of 2.4 million barrels.
  • Gold futures ticked higher in European trade on Wednesday, as investors looked ahead to the Federal Reserve’s rate decision due later in the day for fresh guidance on the future path of U.S. interest rates.While the Fed is widely expected to leave interest rates unchanged at the conclusion of its policy meeting at 18:00GMT, or 2:00PM ET, Wednesday, the U.S. central bank could provide guidance on its pace of tightening over the next several months.
  • Copper prices fell by 0.70 per cent on Wednesday after Japan’s all industries activity index fell last month official data showed on Wednesday signaling weak sentiment in the region which reduced the demand outlook for the metal. In a report Japanese Ministry of Economy Trade and Industry said that Japan’s All Industries Activity Index fell to a seasonally adjusted -1.2 per cent from 1.2 per cent in the preceding month whose figure was revised down from 2.0 per cent.

ECONOMY NEWS :

  • Euro zone finance ministers should meet on Greece within days to avoid renewed uncertainty over the country’s ability to finance itself, European Council President Donald Tusk said on Wednesday.Tusk said he spoke on the matter with Greek Prime Minister Alexis Tsipras, who on Tuesday had said he wanted a special summit of euro zone leaders to discuss Greece’s third bailout. Tusk chairs EU summits and would be responsible for calling one.
  • Any further European Central Bank monetary policy action will be entirely data-driven and something “genuinely new” would be required to revise the current stance, ECB’s governing council member Philip Lane said on Wednesday. “It’s entirely going to be data-driven, the reduction of the inflation forecasts in March was sufficiently substantial to trigger the extra measures. Let’s see what next wave of forecasts have,” Ireland’s central bank governor told a news conference.
  • China needs to create more employment to compensate for anticipated job losses as a result of supply-side reforms, President Xi Jinping was quoted as saying on Wednesday by state news agency Xinhua.Downward pressure  on China’s economy and social problems are both increasing, Xi was reported as saying during a trip to the eastern province of Anhui.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1248 TARGET 1253 1259 SL BELOW 1243
  • SELL GOLD BELOW 1242.5 TARGET 1237.5 1231.5 SL ABOVE 1247.5

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

28Apr
Forex trading

IForex Market Trading Signals and News – 28 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Sterling pares back gains as U.K. first quarter growth slows
  • Forex -Dollar lower as central bank meetings eyed
  • Forex-Aussie plunges, Fed eyed for dollar direction

EUR/USD
EUR/USD posted moderate gains in a cautious session, as investors continued to await the Federal Reserve’s latest monetary policy decision in intraday trading on Wednesday afternoon.The currency pair traded between 1.1256 and 1.1339, before settling at 1.1298, up 0.0032 or 0.28% on the session. Following a brief four-day losing streak last week, the euro has closed higher against the dollar in each of the last two trading days. Despite the slight gains, the euro has still closed below 1.13 against the dollar in the last six sessions. Nevertheless, the euro is still up against its American counterpart by 1% over the last month, amid dovish indications from the Fed of a delayed interest rate hike.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.

GBP/USD
The pound pared back early gains against the dollar on Wednesday after data showing that U.K. economic growth slowed in the first three months of the year. GBP/USD was last at 1.4573, off earlier highs of 1.4619. Sterling was also little changed against the euro, with EUR/GBP at 0.7750 off earlier highs of 0.7784. The U.K. economy grew 0.4% in the three months to March the Office of National Statistics said, in line with economists’ expectations, but slowing from 0.6% in the prior quarter. The service sector was the only part of the economy to grow in the first quarter, the data showed, with manufacturing, construction and agriculture all contracting. Service sector output grew by 0.6%, industrial production fell by 0.4% and construction contracted by 0.9%.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4640 TARGET 1.4660 1.4690 SL BELOW 1.4630
  • SELL GBP/USD BELOW 1.4566 TARGET 1.4546 1.4516 SL ABOVE 1.4596

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

28Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 19.94 points or 0.69% lower to 2874.72, taking the year-to-date performance to -0.28%.
  • The top active stocks today were SingTel, which declined 2.04%, CapitaLand, which gained 1.93%, OCBC Bank, which declined 0.77%, Wilmar Intl, which gained 1.68% and DBS, with a 0.51% fall.
  • The FTSE ST Mid Cap Index declined 0.37%, while the FTSE ST Small Cap Index rose 0.14%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 1.38%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 1.68% higher and 2.74% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.94%. SingTel shares declined 2.04% and Star-Hub declined 0.90%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.92%), iShares USD Asia Bond ETF (-0.38%), STI ETF (-0.69%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.61%), Capitamall Trust (-2.80%), Capitacom Trust (-2.07%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (-5.37%), HSI21000MBePW160530 (+3.00%), HSI21400MBeCW160530 (-10.28%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-11.32%), OCBC Bk MB eCW161003 (-8.11%), UOB MB ePW161003 (+4.05%)

STOCK RECOMMENDATION :

  • BUY WILMAR INTL ABOVE 3.660 TGT 3.805 3.915 SL 3.475

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

27Apr

Comex Trading Signals and Market News – 27 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper prices fell by 0.92 per cent on Tuesday afternoon due to weak demand in global market coupled with sliding London Metal Exchange index. Further due to burgeoning inventories levels in Asian countries which has jumped by 8 per cent to the highest since January 20 in addition to lower demand in Chines market brought down the copper future.
  • Crude oil prices fell by 0.66 per cent on Tuesday with few signals from Saudi Arabia that an excessive supply glut is about to level off anytime in the near-term future. Saudi officials at the Shaybah Oil field in the Al-Khali desert announced that it will ramp up production by 250000 barrels per day to 1 million in May.
  • Gold prices fell by 0.40 per cent on Tuesday as investors readjusted positions ahead of the Federal Reserve’s two-day monetary policy meeting due to begin later in the day. The Fed is not expected to take action on interest rates at the conclusion of its two-day policy meeting on Wednesday but traders will be looking for its take on the global economy and its monetary policy outlook.

ECONOMY NEWS :

  • The European Union should hold off for now from regulating blockchain, the technology that underpins the virtual currency bitcoin, EU lawmakers are set to agree on Tuesday in the latest example of a softly-softly approach by authorities.”We don’t want pre-emptive regulation, but we do want precautionary monitoring,” Jakob von Weizsaecker, a German center-left member of the European Parliament, told Reuters.
  • With the U.K.’s June 23 referendum on its membership in the European Union (EU) just eight weeks away, Britons in favor of staying declined in the most recent poll, but undecided votes could sway the results in either direction. Voter support for the Remain camp declined by two points to 51%, while the Leave campaign, coined Brexit, increased by the same amount to 43%, according to the latest ORB poll conducted for The Telegraph.
  • British support for staying in the European Union has fallen by two percentage points to 51 percent according to a poll, a decline that may suggest U.S. President Barack Obama’s words in favour of UK membership had yet to have an impact.Support for leaving the 28-member bloc in a referendum has increased by 2 percentage points to 43 percent in the past week, little changed from figures published on April 19, according to the ORB poll of 800 people for The Daily Telegraph newspaper on Tuesday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TARGET 1245 1251 SL BELOW 1235
  • SELL GOLD BELOW 1227 TARGET 1222 1216 SL ABOVE 1232

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

27Apr
forex-trading3

IForex Market Trading Signals and News – 27 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar slips lower vs. rivals, U.S. data ahead
  • Forex – Yen rises ahead of central bank meetings
  • Forex- Aussie holds steady, kiwi gains ground in late trade

EUR/USD
The Euro is attempting to claw its way higher after finding support above the 1.12 figure having hit a one-month low against the US Dollar. Thus far, gains appear to be corrective in the context of a larger down move that brought prices through support guiding the move higher since mid-March.Near-term support is at 1.1215, the April 25 low, with a break below that on a daily closing basis exposing the 38.2% Fibonacci retracement at 1.1103. Alternatively, a reversal above rising trend line support-turned-resistance at 1.1286 sees the next upside barrier at 1.1353, the 14.6% Fib expansion.We entered short EUR/USD at 1.1390 . Prices have now met our initial objective at 1.1241 and we have taken profit on half of the position. The remainder of the trade will remain open to capture any further weakness. The stop-loss has been adjusted to the breakeven level.

GBP/USD
The Pound keeps rallying this Tuesday, up to a fresh 2-month high against the greenback above the 1.4570 region, as investors continue to buy back the UK currency on diminished chances of a Brexit, according to latest polls..Money data coming from the UK showed that gross mortgage borrowing was 64% higher than a year ago, reaching £17.1 billion in March, whilst Mortgage Approvals were 20% higher from a year ago, but down to 45.01K from previous 45.65K, the lowest since December. Holding near the highs, the GBP/USD pair 4 hours chart shows that the technical indicators continue heading higher, despite being in overbought territory, whilst the 20 SMA heads sharply higher far below the current level, indicating the intraday rally is overstretched and that a downward corrective movement is possible.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4580 TARGET1.4600 1.4630 SL BELOW 1.4550
  • SELL GBP/USD BELOW 1.4550 TARGET 1.4530 1.4510 SL ABOVE 1.4580

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

27Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 27 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4.41 points or 0.15% lower to 2895.87, taking the year-to-date performance to +0.46%.
  • The top active stocks today were SingTel, which gained 1.03%, DBS, which declined 0.13%, OCBC Bank, which declined 2.37%, UOB, which declined 0.67% and Keppel Corp, with a 0.90% fall.
  • The FTSE ST Mid Cap Index declined 0.39%, while the FTSE ST Small Cap Index rose 0.08%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.56%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended 3.64% higher and ended unchanged respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.60%. Silverlake Axis shares declined 1.72% and CSE Global declined 2.25%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.35%), IS MSCI India 100 (+1.96%), DBXT MSCI Indonesia ETF 10 (-1.77%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+2.39%), Ascendas REIT (+1.22%), Capitacom Trust (-0.69%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (unchanged), HSI21000MBePW160530 (-7.41%), HSI20000MBePW160629 (-9.46%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (+3.92%), OCBC Bk MB eCW161003 (+1.37%), UOB MB eCW160704 (-3.57%)

STOCK RECOMMENDATION :

  • BUY KEPPEL REIT ABOVE 1.045 TGT 1.085 1.120 SL 0.995

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

26Apr

Comex Trading Signals and Market News – 26 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices slipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets.Front-month Brent crude was trading at $44.60 per barrel at 0934 GMT, down 51 cents from its last settlement.U.S. West Texas Intermediate (WTI) futures were down 63 cents at $43.10 a barrel.
  • Gold prices ticked higher on Monday as the dollar slid lower, but gains were held in check ahead of the Federal Reserve’s policy meeting later in the week.Gold futures for June delivery were at $1,232.8 an ounce at 0941 GMT, up 0.23% from their last settlement.The dollar rose to three-week highs against the yen over-night, but later reversed gains ahead of meeting of the U.S. and Japanese central banks later this week.
  • Copper futures is slightly down by 0.52 per cent due to subdued demand in the domestic stock market. Further the drop of the Shanghai Composite Index by 0.8 percent lead to widespread concern over the economy of world’s biggest copper consumer dimming the demand prospect of copper.

ECONOMY NEWS :

  • Japan’s leading index that reflects the future economic activity, dropped to 96.8 from 101.2 in January, final data from the Cabinet Office showed Monday. This was the lowest since February 2010, when the score was 96.0. The flash score for February 2016 was 99.8. At the same time, the coincident index came in at 110.7 in February, down from 112.3 in January. Nonetheless, it was above the preliminary reading of 110.3. The indicator measures the current economic situation.
  • Japan’s government might issue spending vouchers and promote national discount-sales events similar to Black Friday in the United States to boost its lackluster consumer spending and accelerate gross domestic product growth. The government could decide the details as soon as next month as it finalizes the policies for its annual growth strategy, which could potentially help the Bank of Japan in its struggle to accelerate inflation.
  • The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems.SWIFT, a cooperative owned by 3,000 financial institutions, confirmed to Reuters that it was aware of malware targeting its client software. Its spokeswoman Natasha Deteran said SWIFT would release on Monday a software update to thwart the malware, along with a special warning for financial institutions to scrutinize their security procedures.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1237 TGT 1242 1248 SL BELOW 1231
  • SELL GOLD BELOW 1227 TGT 1222 1216 SL ABOVE 1233

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

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