Daily Archives: April 13, 2016

13Apr

Comex Trading Signals and Market News – 13 April 2016

INTERNATIONAL COMMODITY NEWS :

  • The price of copper gained by 0.90 per cent on Tuesday afternoon market pertaining to strong demand in domestic market. A firm trend in the base market at the London Metal Exchange backed by a rise in crude oil price and increase in demand in China market has influenced copper price in future trades.
  • Gold prices were trading flat on Tuesday as investors await more clarity on the US interest rate outlook. Prices rose as expectations that the Federal Reserve will keep interest rates on hold for some time to come underpinned investor demand for the precious metal.
  • Crude oil prices rose by 0.41 per cent on Tuesday ahead of a meeting of oil producers in Doha next Sunday aimed at freezing current output levels. The market received a small boost ahead of the settlement as a US government forecast released said US shale oil production is expected to fall for a seventh month in a row in May.

ECONOMY NEWS :

  • Economists say that China grew at its slowest pace since the financial crisis in the first quarter, highlighting continued downward pressure on the world’s second largest economy despite some tentative recent signs of stabilization. Growth in first quarter gross domestic product (GDP) likely slowed to 6.7 percent from the same period last year, down from 6.8 percent in the fourth quarter of 2015, according to a Reuters poll of 64 economists.
  • Germany’s economic expansion is set to continue, but at a slightly slower pace as the improvement on the domestic front is being offset by the subdued external environment, the Economy Ministry stated in a latest update. In its monthly report for April, the ministry said the economic growth gained momentum at the start of the year. Though domestic factors supporting the economic expansion have improved, the external environment remains subdued. Export prospects are also likely to remain subdued.
  • Greece will meet its bailout obligations to the letter and expects its interlocutors to do the same, spokes woman Olga Gerovasili said on Tuesday after bailout talks were adjourned due to differences over fiscal targets and reforms.”The negotiation with the lenders should have been concluded long ago, since the Greek government has submitted comprehensive proposals which meet its targets,” Gerovasili said noting that the IMF stance was not helping conclude a deal in time.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1265 TGT 1270 1276 SL BELOW 1259
  • SELL GOLD BELOW 1257 TGT 1252 1246 SL ABOVE 1262

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

13Apr
Forex Signals

IForex Market Trading Signals and News – 13 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Yen trends weaker in Asia as policymaker views eyed
  • Forex -Dollar close to 8-month lows, yen eases
  • Forex- Aussie, kiwi move higher vs. broadly softer greenback

EUR/USD
EUR/USD has posted considerable gains on Tuesday. In the European session, EUR/USD is trading at 1.1450. On the release front, German CPI and WPI numbers beat expectations. There are no major US releases on Tuesday. We’ll get a look at some key US data on Wednesday, with the release of retail sales reports and PPI.The Eurozone remains gripped by weak inflation levels, which underscore the lack of growth in the economy. There was good news on Tuesday, as German consumer inflation numbers beat expectations. Final CPI impressed in March, with a strong of 0.8%, matching the forecast. This marked the index’s strongest gain in 12 months. German WPI broke a nasty streak of 7 declines, posting a gain of 0.3%, which also matched the forecast. We’ll get a look at Eurozone CPI numbers on Thursday, and if these readings are above expectations, the euro could gain ground.

GBP/USD
The pound rose to one-week highs against the U.S. dollar on Tuesday, after the release of higher-than-expected inflation data from the U.K., while the greenback remained broadly under pressure.GBP/USD hit 1.4311 during European morning trade, the pair’s highest since April 4; the pair subsequently consolidated at 1.4287, gaining 0.33%.Cable was likely to find support at 1.4107, Monday’s low and resistance at 1.4378, the high of April 1. The U.K. Office for National Statistics said the rate of consumer price inflation rose by 0.5% last month, above forecasts for an increase of 0.4% and compared to the 0.3% rise in February. Month-over-month, consumer prices rose 0.4% in March, above forecasts for an advance of 0.3% and following a decline of 0.2% in the prior month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4321 TARGET 1.4341 1.4371 SL 1.4291
  • SELL GBP/USD BELOW 1.4280 TARGET 1.4260 1.4230 SL 1.4310

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

13Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 13 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.41 points or 0.19% higher to 2814.65, taking the year-to-date performance to -2.36%.
  • The top active stocks today were DBS, which gained 0.13%, SingTel, which gained 0.82%, UOB, which gained 0.75%, OCBC Bank, which declined 0.11% and Global Logistic, with a 1.02% fall.
  • The FTSE ST Mid Cap Index gained 0.18%, while the FTSE ST Small Cap Index rose 0.61%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.38%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended 3.77% higher and 0.86% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.15%. Silverlake Axis shares declined 1.63% and CSE Global gained 3.33%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.06%), DBXT MSCI Indonesia ETF 10 (+0.63%), DBXT FTSE Vietnam ETF 10 (+1.18%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitacom Trust (-1.05%), Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI20600MBeCW160530 (-4.84%), HSI20800UBeCW160629 (-5.66%);HSI21000MBeCW160428 (-8.89%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-2.06%), NKY 16000MBeCW160610 (unchanged), DBS MB ePW161003 (-0.62%).

STOCK RECOMMENDATION :

  • BUY CHINESE GLOBAL ABOVE 0.022 TARGET 0.024 0.028 SL 0.019

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