Daily Archives: April 14, 2016

14Apr

IForex Market Trading Signals and News – 14 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Aussie, kiwi rally vs. greenback on oil rebound
  • Forex -Dollar gains, eyes on G20, Bank of Canada
  • Forex- Yen, euro retreat after rally as dollar rebounds

GBP/USD
The GBP bulls found some support just ahead of 1.42 barrier, allowing a minor-recovery in GBP/USD in the last hour.The GBP/USD pair trades -0.15% lower at 1.4236, bouncing-off fresh session lows posted at 1.4202 some minutes ago. The cable is seen lock-stepping the oil price movement, with the prices making fresh recovery attempts, tracking a minor pullback in the black gold. Moreover, the GBP/USD pair also finds respite from the rally seen in the European equities on the back of improved risk sentiment. Germany’s DAX jumps +2.35%, the UK’s FTSE rises +1.50%, while the pan- European benchmark, the Euro Stoxx 50 rockets +2.71%.However, the bearish pressures still remain intact amid broad based US dollar recovery on expectations of a rebound in the US retail sales as well as PPI data, due later in the NY session.

EUR/USD
The EUR/USD pair is seen consolidating the overnight retreat amid broad based US dollar recovery, heading into the early European trades.EUR/USD trades -0.35% lower at fresh session lows of 1.1366, having met fresh selling pressure just shy of 1.14 handle. The main currency pair remains under strong selling pressure this Wednesday on the back of rising demand for risk currencies such as the US dollar backed by the risk-on rally in the equities. The USD index now gains +0.16% to 94.17, at fresh session highs. Moreover, markets prefer to favour the US currency ahead of the US retail sales and PP figures lined up for release later in the NA session. While better than expected Chinese trade figures also boosted market sentiment, with the traders seeking to take the yield advantage at the cost of the safe-haven euro.Looking ahead, the major awaits the European open for fresh cues on the overall risk sentient ahead of the Euro zone industrial production data. While the main market moving events are expected to be the US datasets for today.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4247 TARGET 1.4267 1.4297 SL 1.4217
  • SELL GBP/USD BELOW 1.4194 TARGET 1.4174 1.4144 SL 1.4224

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

14Apr

Comex Trading Signals and Market News – 14 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper prices rose by 3.97 per cent on Wednesday after China’s exports in March returned to growth for the first time in nine months adding to further signs of stabilization in the world’s second largest economy that cheered regional investors which raised the demand outlook for the metal.
  • Gold moved further back from the previous day’s three week high on Wednesday as the dollar rebounded and European shares surged as upbeat Chinese trade data boosted risk appetite. U.S. gold futures for June delivery were down 1.09% to $1,246.80 an ounce by 0946 GMT.
  • Oil prices fell on Wednesday after Saudi Arabia’s oil minister appeared to rule out an oil production freeze ahead of Sunday’s meeting of major producers in Doha. Crude oil for May delivery on the New York Mercantile Exchange was down 62 cents, or 1.47%, to trade at $41.58 a barrel by 0.7.42 GMT.

ECONOMY NEWS :

  • European financial market participants saw a hard landing in China and deflation in the euro zone as the two biggest macro risks facing their credit markets this year, according to poll results released on Wednesday. Nearly a third of financial market participants see a further slowdown in the Chinese economy as the main macro risk facing European credit markets this year, according to a Moody’s Investor Service poll taken at two recently held conferences.
  • A British vote to leave the European Union on June 23 would hurt the economy, an overwhelming majority of economists said in a Reuters poll, and could push the Bank of England to cut interest rates for the first time since the financial crisis.Conversely, if the outcome was to remain a member of the EU, those saying there would be a net positive economic boost and those saying neutral were roughly split.
  • Solid growth and record employment will allow Germany to abide by EU debts rules sooner than forecast while still hiking overall state spending by five percent each year, the Finance Ministry said on Wednesday.European Union rules saying euro zone states should keep the ratio of debt to gross domestic product at 60 percent or less have been broken for years by Germany and other countries.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1247 TGT 1252 1258 SL BELOW 1241
  • SELL GOLD BELOW 1242 TGT 1237 1231 SL ABOVE 1248

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

14Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 14 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 75.76 points or 2.69% higher to 2890.41, taking the year-to-date performance to +0.27%.
  • The top active stocks today were DBS, which gained 2.59%, SingTel, which gained 3.52%, OCBC Bank, which gained 2.94%, Keppel Corp, which gained 4.66% and UOB, with a 2.83% advance.
  • The FTSE ST Mid Cap Index gained 1.29%, while the FTSE ST Small Cap Index rose 0.70%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 6.18%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 4.66% higher and 6.94% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.03%. Silverlake Axis shares remained unchanged and CSE Global declined 2.15%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.20%), STI ETF (+2.48%), DBXTMSCI Brazil TRN Etf 10 (+3.31%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.07%), Capitacom Trust (+0.35%), Capitamall Trust (+0.94%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (+36.67%), HSI21000MBeCW160428 (+126.83%), HSI20600MBeCW160530 (+53.39%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+21.05%), DBS MB ePW161003 (-11.18%), UOB MB eCW160705 (+24.42%).

STOCK RECOMMENDATION :

  • BUY SABANA ABOVE 0.660 TARGET 0.690 0.730 SL 0.630

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