Daily Archives: April 25, 2016

25Apr

Comex Trading Signals and Market News – 25 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices rose on Friday towards $45 a barrel, heading for a third straight week of gains as market sentiment turned more upbeat despite persistent oversupply.Traders said sentiment in the entire commodity complex had turned more confident despite the glut, with new cash being put into the market by investors, lifting prices.
  • Gold prices slipped lower in European morning hours on Friday, as a stronger U.S. dollar and rising oil prices dampened demand for the safe-haven asset.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were down 0.29% at $1,246.60. The June contract ended Thursday’s session 0.33% lower at $1,250.30 an ounce.
  • Copper prices rose by 0.35 per cent on Friday after Germany’s manufacturing PMI rose more-than-expected last month signaling improving manufacturing activity in the region which raised the demand outlook for the metal. In a report Markit Economics said that German manufacturing PMI rose to a seasonally adjusted 51.9 from 50.7 in the preceding month.

ECONOMY NEWS :

  • The European Union should protect its steel industry which is loosing its competitive edge in the face of cheaper Chinese products, German Economy Minister Sigmar Gabriel said on Friday.Half of Germany’s steel workers poured onto the country’s streets last week to protest against the dumping of Chinese steel, EU climate regulations and industry consolidation they fear will cost them their jobs. market competition is not a one-way street.
  • Unlike his parents who rented their whole life, Berlin resident Sebastian lives in his own apartment and is considering buying a second property in the German capital as an investment to top up his pension one day.For decades a nation largely of tenants and prudent savers, growing numbers of Germans are buying property, not just to own their homes but also in search of investment returns they can no longer earn on their bank savings.
  • Australia’s southeastern state of Victoria, home to the city of Melbourne, will more than double property taxes for foreign buyers and treble royalties from coal, the government has announced. The hike in stamp duty on residential properties purchased by foreigners appears to run counter to a warning earlier in the month from the central bank that recent rapid rises in property prices could stall if international demand, particularly from China, slipped.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
  • SELL GOLD BELOW 1229 TARGET 1224 1218 SL 1235

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

25Apr

IForex Market Trading Signals and News – 25 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar holds steady vs. euro, advances against yen
  • Forex – Euro steadies after sinking on ECB’s Draghi comments
  • Forex- Yen sinks on report of Bank of Japan stimulus expansion

EUR/USD
The EUR/USD pair showed mixed trading yesterday affected by the ECB president press conference that followed the Euro rate decision that remained unchanged, as the price approached from the key resistance 1.1420, but it bounced downwards quickly to settle near 1.1264 support, and as long as the price is above this level, our positive overview will remain valid for the upcoming period, supported by stochastic move near the oversold areas. Therefore, we are waiting positive trading on the intraday and short term basis, and breaching 1.1420 level will ease the mission of heading towards 1.1494 followed by 1.1700 levels, noting that it is important to hold above 1.1264 and 1.1245 levels to achieve the suggested targets.

GBP/USD
The initial upside momentum in GBP/USD seems to have run out of steam near 1.4370, prompting the current correction to the 1.4350/45 band. GBP/USD weekly upside capped at 1.4440.Spot is so far recovering from two consecutive retracements after climbing as high as the area of 1.4440 on Thursday, or weekly peaks. The pair, however, is advancing for the second consecutive week with gains so far limited near 1.4430, where is located the 20-day sma, amidst alleviated fears on a ‘Brexit’ scenario and rising rumours of some sort of slowing in the UK economy.Nothing in the UK data space today, whereas Markit’s flash manufacturing PMI is only due across the pond.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4425 TARGET 1.4445 1.4475 SL 1.4395
  • SELL GBP/USD BELOW 1.4400 TARGET 1.4380 1.4350 SL 1.4430

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

25Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 20.35 points or 0.69% lower to 2940.43, taking the year-to-date performance to +2.00%.
  • The top active stocks today were SingTel, which closed unchanged, Global Logistic, which declined 1.27%, Keppel Corp, which declined 5.00%, DBS, which declined 0.38% and UOB, with a 0.71% fall.
  • The FTSE ST Mid Cap Index declined 0.10%, while the FTSE ST Small Cap Index declined 0.35%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.33%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings- ended 0.22% higher and 1.51% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.80%. Keppel Corp shares declined 5.00% and Sembcorp Industries declined 2.60%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.81%), CIMB FTSE Asean40 100 (+1.55%), Nikko AM Singapore STI ETF(unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.79%), Suntec REIT (-0.86%), Capitacom Trust (+1.02%)
  • The most active index warrants by value today were : HSI21400MBeCW160530 (-8.53%), HSI21000MBePW160530 (+5.38%), HSI20000MBePW160629 (+2.99%)
  • The most active stock warrants by value today were : OCBC Bk MB eCW161003 (-5.88%), UOB MB eCW160704 (-1.45%), DBS MB eCW160705 (-1.67%)

STOCK RECOMMENDATION :

  • BUY COSMO STEEL ABOVE 0.130 TARGET 0.134 0.140 SL 0.125

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

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