Daily Archives: April 4, 2016

4Apr

Comex Trading Signals and Market News – 04 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading lower during noon trade in the domestic market on Friday as investors and speculators took a cautious approach ahead of March jobs data from the US which may dictate the timing of the US Federal Reserve’s next interest rate hike.The US economy may have added 205000 jobs in March down from 242000 in February analysts estimated.
  • Gold prices rose by 0.15 per cent on Friday ahead of a closely-watched US employment report for the month of March. The second quarter will kick off with March’s critical US jobs report which could provide key insight into the Federal Open Market Committee’s (FOMC) decision-making process when it meets next in late-April.
  • Crude oil prices fell by 1.52 per cent on Friday as investors brushed off manufacturing PMI surveys out of China for signals on demand and waited rig count data from the US services firm Baker Hughes. The Caixin manufacturing PMI for March came in at 49.7 compared with a level of 48.2 seen and 48.0 for the final in February. A level below 50 denotes contraction.

ECONOMY NEWS :

  • Bank of Japan’s (BOJ) new board member, Makoto Sakurai, on Friday flagged strong support for Governor Haruhiko Kuroda’s aggressive monetary easing and argued the case for bold policy measures to tackle deflationary challenges. But he also said the central bank should not expand stimulus recklessly to quicken the timing for achieving its 2 percent inflation target, indicating that there was no pressing need for immediate measures.
  • Investors ended a tough first quarter on a cautious footing, pulling cash out of equity, fixed income and money market funds in the final week, Bank of America Merrill Lynch (NYSE:BAC) said on Friday. The main beneficiaries in the week to March 30 were a range fixed income funds – investment-grade, emerging markets and inflation-protected bonds – but that was outweighed by a sizeable outflow from Treasury and government debt funds.
  • India hopes to receive one of the first loans issued by the China-led Asian Infrastructure Investment Bank (AIIB) later this year, as it looks to raise $500 million for solar power projects from the newly created lender, Indian officials said.Funding for clean energy projects would allay fears of environmental lobbyists that the bank’s relaxed lending criteria could promote dirty fuels like coal in developing economies, like India, that are in a hurry to ramp up energy output.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1243 TARGET 1248 1254 SL BELOW 1238
  • SELL GOLD BELOW 1230 TARGET 1225 1219 SL ABOVE 1235

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

4Apr

IForex Market Trading Signals and News – 04 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar in doldrums before U.S. payrolls report
  • Forex -Dollar slips lower ahead of U.S. nonfarm payrolls
  • Forex-Aussie remains in positive territory after China PMIs

EUR/USD
EUR/USD is curently trading with a bullish bias. Unfortunately, the pair hit our stop loss and is currently trading above it. Following the break above the resistance level 1.1323, we will remain long with our next target at 1.1492. However, in case the price turn bearish and ends up closing below 1.1323, then we will be looking for short positions with our target at 1.1175. A break below 1.1175 will push the price further low to 1.0822. This is however unlikely since the price is yet to fulfill the two waves wave (c) and wave ((c)). Both the two waves should end atleast along the level 1.1492. This pair should be traded alongside GBP/USD. This pairs have a strong positive correlation of up to +0.96 and will likely move in a similar direction during this intraday. Only buy or sell Euro, if the other positively correlated pair is giving the same signal.

GBP/USD
The pound slipped lower against the U.S. dollar on Friday, after data showed that U.K. manufacturing activity expanded at a slower rate than expected this month, altough the greenback remained fragile ahead of the release of U.S. employment data later in the day. GBP/USD hit 1.4325 during European morning trade, the session low; the pair subsequently consolidated at 1.4345, slipping 0.13%. Cable was likely to find support at 1.4191, the low of March 29 and resistance at 1.4458, the high of March 30.Markit research group said its U.K. manufacturing purchasing managers’ index rose to 51.0 in March from 50.8 the previous month, disappointing expectations for an increase to 51.2.The U.K. economy expanded 2.1% on a year-over-year basis, better than the initial estimate of 1.9%.Meanwhile, sentiment on the dollar remained fragile as investors awaited the release of U.S. nonfarm payrolls and unemployment data later Friday, for further indications on the strength of the job market.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4422 TARGET 1.4442 1.4472 SL BELOW 1.4392
  • SELL GBP/USD BELOW 1.4311 TARGET 1.4291 1.4261 SL ABOVE 1.4341

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

4Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 22.41 points or 0.79% lower to 2818.49, taking the year-to-date performance to -2.23%.
  • The top active stocks today were DBS, which declined 1.11%, SingTel, which declined 1.83%, OCBC Bank, which declined 0.23%, UOB, which declined 0.58% and ComfortDelGro, with a 0.69% fall.
  • The FTSE ST Mid Cap Index declined 0.23%, while the FTSE ST Small Cap Index declined 0.51%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.26%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended unchanged and closed unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.74%. SingTel shares declined 1.83% and Star-Hub declined 1.19%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (-1.34%), Ishares USD Asia HY Bond ETF (-0.29%), Ishares Usd Asia Bond ETF (+0.57%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-0.48%), Ascendas REIT (-0.42%), Capitacom Trust (-1.02%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (-15.12%), HSI20800UBePW160428 (+17.70%), HSI21000MBeCW160428 (-24.14%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-10.40%), DBS MB ePW161003 (+4.43%), DBS VT eCW160916 (-8.13%).

STOCK RECOMMENDATION :

  • BUY TSH ABOVE 0.098 TGT 0.102 0.105 SL 0.093

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

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