Daily Archives: April 21, 2016

21Apr

IForex Market Trading Signals and News – 21 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD edges lower after U.K. unemployment data
  • Forex – Aussie, kiwi slide lower vs. greenback as oil prices retreat
  • Forex- Yen pushes higher, euro flat ahead of ECB

EUR/USD
EUR/USD is showing marginal movement on Wednesday, following gains which marked the pair in the Tuesday session. The pair is trading at 1.1360 in the European session. On the release front, German PPI posted a small gain of 0.2%, missing the estimate. ECB head Mario Draghi will deliver a speech in Frankfurt. Later in the day, the US releases Existing Home Sales as well as Crude Oil Inventories. Thursday will be busy, highlighted by the ECB rate decision. The US releases the Philly Fed Manufacturing Index and Unemployment Claims, both key indicators.Is inflation showing signs of life in the Eurozone? Weak inflation levels have underscored soft economic growth in the bloc, and the threat of deflation remains a constant worry for policymakers. However, there have been some encouraging signs on the inflation front.

GBP/USD
The pound edged lower against the U.S. dollar on Wednesday, after the release of downbeat U.K. employment data fueled concerns over the strength of the British economy, although the greenback’s gains were limited by the previous session’s weak U.S. economic reports. GBP/USD hit 1.4348 during European morning trade, the session low; the pair subsequently consolidated at 1.4364, shedding 0.22%.Cable was likely to find support at 1.4284, Tuesday’s low and resistance at 1.4428, the high of March 31.The U.K. Office for National Statistics said that the unemployment rate held at 5.1% in the three months to February, in line with expectations. However, the claimant count unexpectedly rose by 6,700 in February, compared to expectations for a decrease of 11,300 people, and following a drop of 9.300 a month earlier, whose figure was revised from a previously reported decline of 18.000.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4420 TARGET 1.4440 1.4470 SL 1.4380
  • SELL GBP/USD BELOW 1.4385 TARGET 1.4365 1.4335 SL 1.4415

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

21Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 21 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 1.86 points or 0.06% lower to 2949.95, taking the year-to-date performance to +2.33%.
  • The top active stocks today were SingTel, which declined 0.25%, DBS, which gained 0.25%, OCBC Bank, which gained closedunchanged, UOB, which declined 0.05% and Keppel Corp, with a 1.32% fall.
  • The FTSE ST Mid Cap Index declined 0.10%, while the FTSE ST Small Cap Index declined 0.41%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.71%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings- ended 0.34% higher and 0.49% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.01%. Midas Holdings shares declined 1.75% and Geo Energy Resources declined 0.88%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.58%), STI ETF(-0.34%), IS MSCI India 100 (-0.58%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.79%), Capitacom Trust (+0.70%), Capitamall Trust (-0.47%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (-6.82%), HSI20000MBePW160530 (+12.25%), HSI21400MBeCW160530 (-12.82%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (+3.08%), OCBC Bk MB eCW161003 (-2.33%), NKY 15500MBePW160610 (+3.77%)

STOCK RECOMMENDATION :

  • BUY SPACKMAN ABOVE 0.146 TGT 0.152 0.156 SL 0.139

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

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