Daily Archives: April 15, 2016

15Apr

Comex Trading Signals and Market News – 15 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. March exports rose a blistering 11.5 percent from a year earlier the first increase since June and the largest percentage rise since February 2015.
  • Gold prices fell by 0.62 per cent on Wednesday with trade data out of China showing a mixed picture after exports unexpectedly soared. In China March trade data showed a trade balance surplus of $29.86 billion narrower than the $30.85 billion seen. Exports however jumped 11.5 per cent handily beating the 2.5 per cent year-on-year gain seen while imports fell 13.8 per cent more than the 10.2 per cent decline expected.
  • Crude oil prices fell by 1.11 per cent on Wednesday after US API weekly crude stocks rose more-than-expected last week indicating that the demand for the commodity in US world’s largest consumer of crude oil is weak. In a report American Petroleum Institute said that US API Weekly Crude Stock rose to 6.200M from -4.300M in the preceding week. Analysts had expected US API Weekly Crude Stock to rise 1.000M last week.

ECONOMY NEWS :

  • India’s growth rate is set to remain one of the fastest in the world this year with inflation running just slightly above 5 percent, leaving the Reserve Bank of India on the sidelines for at least another six months, a Reuters poll showed on Thursday. The RBI is forecast to cut the repo rate to 6.25 percent in the last three months of the year, according to poll of more than 40 economists taken April 6-13, but much will depend on the inflation outlook.
  • Prime Minister David Cameron’s ratings have fallen 8 percentage points as he battles to keep Britain in the European Union ahead of a June referendum, according to a YouGov poll for The Times newspaper on Thursday. The survey showed that 39 percent of voters backed Britain staying in the 28-member bloc level pegging with the support for withdrawal. Five percent said they would not vote while 17 percent were undecided, the online poll of 1,693 people carried out on April 11-12 found.
  • Central bankers usually worry about when to remove the punch bowl of cheap finance but when they gather in Washington, D.C. this week they will face a different problem: how to force the world to drink.Amid a flood of cheap money and a historic experiment with negative interest rates, households, corporations and banks in the developed world have turned their backs on borrowing. Credit growth has flat-lined and an array of metrics indicate the world has become a more cautious place, potentially upending whatever bang for the buck central banks might expect.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1245 TGT 1250 1256 SL BELOW 1239
  • SELL GOLD BELOW 1235 TGT 1230 1224 SL ABOVE 1241

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

15Apr
forex-market-hours

IForex Market Trading Signals and News – 15 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar extends gains as market sentiment brightens
  • Forex -Aussie edges higher, kiwi tumbles over 1% in late trade
  • Forex- Dollar extends rally as risk sentiment improves

EUR/USD
EUR/USD remains under pressure on Thursday, following sharp losses in the Wednesday session. The euro is trading at 1.1270 in the European session. On the release front, Eurozone Final CPI posted a flat reading of 0.0%, while Final Core CPI came in at 1.0%. Both indicators were within expectations. The US will also release CPI reports later in the day, as well as Unemployment Claims. On Friday, we’ll get a look at the UoM Consumer Sentiment Index, a key gauge of con- sumer confidence. A major headache for Mario Draghi and his colleagues at the ECB has been the persistent lack of inflation in the Eurozone economy, as weak growth in the bloc as raised the nightmarish scenario of deflation

GBP/USD
GBP/USD pair made a failed attempt to take out 1.4354 (61.8% of 1.4669-1.3835) earlier this week before dropped to a low of 1.4090 levels in Europe today. The spot is now trading around 1.4145 levels ahead of the BOE rate decision. Latest Reuters poll released yesterday showed majority of economists see a BOE rate cut if Britons vote in favor of Brexit. Markets have also pushed up H1 2016 rate hike bets, again due to fear of Brexit. Hence, trading community is likely to scan the policy statement and minutes for comments on Brexit and bank’s response if UK votes to leave EU on June 23. Apart from this, comments on inflation and labor market could influence demand for Sterling. The latest attempt at recovering losses ran out of steam at hourly 200-MA level of 1.4176, making it a strong resistance, which needs to be breached if prices are to move higher to 1.42-1.4221 (hourly 50-MA). A violation there could signal intraday bearish invalidation, trapping bears on the wrong side and thus helping the pair extend gains to 1.4252 (50% of 1.4669-1.3835).

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4160 TARGET 1.4180 1.4210 SL 1.4130
  • SELL GBP/USD BELOW 1.4115 TARGET 1.4095 1.4065 SL 1.4145

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

15Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 15 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 23.55 points or 0.81% higher to 2913.96, taking the year-to-date performance to +1.08%.
  • The top active stocks today were DBS, which gained 1.29%, OCBC Bank, which gained 1.54%, UOB, which gained 2.13%, SingTel, which declined 0.26% and Keppel Corp, with a 0.99% advance.
  • The FTSE ST Mid Cap Index gained 0.16%, while the FTSE ST Small Cap Index rose 0.43%.
  • The outperforming sectors today were represented by the FTSE ST Financials Index, which rose 1.13%. The two biggest stocks of the Index – DBS Group Holdings and OCBC – ended 1.29% higher and 1.54% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.84%. Silverlake Axis shares declined 0.83% and CSE Global gained 2.20%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.69%), SPDR Gold Shares (-0.43%), DBXT MSCI Pacific Exjap ETF 10 (+3.54%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (unchanged), Capitacom Trust (-0.35%)
  • The most active index warrants by value today were : HSI21400MBeCW160530 (+9.09%), HSI20000MBePW160530 (-13.51%), HSI20000MBePW160629 (-8.51%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+10.44%), DBS MB ePW161003 (-7.69%), OCBC Bk MB eCW161003 (+11.59%).

STOCK RECOMMENDATION :

  • BUY FUYU LTD ABOVE 0.220 TARGET 0.240 0.270 SL 0.190

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

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