Daily Archives: April 26, 2016

26Apr

Comex Trading Signals and Market News – 26 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices slipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets.Front-month Brent crude was trading at $44.60 per barrel at 0934 GMT, down 51 cents from its last settlement.U.S. West Texas Intermediate (WTI) futures were down 63 cents at $43.10 a barrel.
  • Gold prices ticked higher on Monday as the dollar slid lower, but gains were held in check ahead of the Federal Reserve’s policy meeting later in the week.Gold futures for June delivery were at $1,232.8 an ounce at 0941 GMT, up 0.23% from their last settlement.The dollar rose to three-week highs against the yen over-night, but later reversed gains ahead of meeting of the U.S. and Japanese central banks later this week.
  • Copper futures is slightly down by 0.52 per cent due to subdued demand in the domestic stock market. Further the drop of the Shanghai Composite Index by 0.8 percent lead to widespread concern over the economy of world’s biggest copper consumer dimming the demand prospect of copper.

ECONOMY NEWS :

  • Japan’s leading index that reflects the future economic activity, dropped to 96.8 from 101.2 in January, final data from the Cabinet Office showed Monday. This was the lowest since February 2010, when the score was 96.0. The flash score for February 2016 was 99.8. At the same time, the coincident index came in at 110.7 in February, down from 112.3 in January. Nonetheless, it was above the preliminary reading of 110.3. The indicator measures the current economic situation.
  • Japan’s government might issue spending vouchers and promote national discount-sales events similar to Black Friday in the United States to boost its lackluster consumer spending and accelerate gross domestic product growth. The government could decide the details as soon as next month as it finalizes the policies for its annual growth strategy, which could potentially help the Bank of Japan in its struggle to accelerate inflation.
  • The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems.SWIFT, a cooperative owned by 3,000 financial institutions, confirmed to Reuters that it was aware of malware targeting its client software. Its spokeswoman Natasha Deteran said SWIFT would release on Monday a software update to thwart the malware, along with a special warning for financial institutions to scrutinize their security procedures.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1237 TGT 1242 1248 SL BELOW 1231
  • SELL GOLD BELOW 1227 TGT 1222 1216 SL ABOVE 1233

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

26Apr
forex-trading3

IForex Market Trading Signals and News – 26 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar lower ahead of Fed meeting, sterling reverses gains
  • Forex – Aussie holds steady, kiwi edges higher vs. greenback
  • Forex- Yen recovers, data shows outright swing against dollar

EUR/USD
EUR/USD rose modestly on Monday, halting a four-day losing streak, as currency traders continued to await the start of the Federal Open Market Committee’s two-day April meeting. The currency pair traded between 1.1263 and 1.1274 before settling at 1.1267, up 0.0036 or 0.31% on the session. Over the last month, the euro is relatively flat against the dollar, up by approximately 0.85%. More broadly, the euro has surged roughly 3% versus its American counterpart since the start of the year.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.

GBP/USD
GBP/USD stabilized after rallying rallying earlier from 1.4400 to 1.4520. It reached the strongest level in two months and then pulled back modestly. During the last hours, it has been trading in a small range between 1.4505 and 1.4480, consolidating daily gains. The pound continues to be among the top performers in the currency market during April, supported by a recovery in the polls of the “stay” position in the Brexit referendum. Uncertainty remains highs about the outcome of the June vote. “The GBP/USD retreated from 1.4520 high, but holds around the 1.4500 figure, maintaining a positive technical tone, as in the 4 hours chart, the price is well above a bullish 20 SMA, whilst the Momentum indicator continues heading north well above its 100 level and the RSI indicator consolidates around 70”,.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4460 TARGET 1.44801.4510 SL 1.4430
  • SELL GBP/USD BELOW 1.4420 TARGET 1.4400 1.4370 SL 1.4450

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

26Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 40.15 points or 1.37% lower to 2900.28, taking the year-to-date performance to +0.61%.
  • The top active stocks today were SingTel, which declined 2.02%, DBS, which declined 0.70%, UOB, which declined 0.66%, Keppel Corp, which declined 2.63% and OCBC Bank, with a 1.17% fall.
  • The FTSE ST Mid Cap Index declined 1.04%, while the FTSE ST Small Cap Index declined 0.68%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.03%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.02% higher and 2.04% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.75%. Keppel Corp shares declined 2.63% and Sembcorp Industries declined 2.67%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.16%), STI ETF (-1.36%), IS MSCI India 100 (-1.48%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.60%), Capitamall Trust (+0.48%), Capitacom Trust (-1.35%)
  • The most active index warrants by value today were : HSI21000MBePW160530 (+10.20%), HSI21400MBeCW160530 (-17.80%), HSI20000MBePW160629 (+7.25%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-13.56%), UOB MB eCW160704 (-17.65%), UOB MB eCW160705 (-13.93%)

STOCK RECOMMENDATION :

  • BUY IMPERIUM CROWN ABOVE 0.075 TGT 0.078 0.080 SL 0.071

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

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