Daily Archives: May 25, 2016

25May

Comex Trading Signals and Market News – 25 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures rose during morning trade in the domestic market on Tuesday amidst firm physical demand for the industrial metal in the domestic spot market. However the gains in the metal were restricted by worries over global growth as manufacturing in the US tumbled to the lowest level since September 2009 with the Markit Manufacturing PMI falling to 50.5 in May from 50.8 in April a tad above the neutral 50-mark.
  • Gold prices fell by 0.11 per cent on Tuesday as comments from Federal Reserve officials added to expectations that a rate hike could come as soon as June. The latest signal came from Philadelphia Federal Reserve Bank President Patrick Harker who said that two to three rate hikes are possible this year if the economy continues to grow as projected.
  • Crude oil prices rose by 0.15 per cent on Tuesday after Germany’s gross domestic product rose in the last quarter signaling bullish sentiment in the region which raised the demand outlook for the fuel. In a report Statistisches Bundesamt Deutschland said that German GDP rose by a seasonally adjusted 0.7 per cent the same as the preceding quarter. Analysts had also expected German GDP to rise 0.7 per cent in the last quarter.

ECONOMY NEWS :

  • Singapore ordered BSI’s operations in the city-state to close, as Switzerland started criminal proceedings against the private bank, in the biggest international crackdown on financial entities dealing with a troubled Malaysian state fund. The Monetary Authority of Singapore (MAS) said on Tuesday it had withdrawn BSI Bank’s status as a merchant bank in Singapore for serious breaches of anti-money laundering rules, the first time in 32 years it has taken such action against a bank.
  • Bank of England Governor Mark Carney defended the central bank’s decision to flag the risks of leaving the European Union on Tuesday, hitting back at one of his toughest critics who has called for him to resign.Carney said the outcome of the June 23 referendum could require the Bank to make a big reassessment to how it sets interest rates, something it needed to explain to businesses and households.
  • Leaders from the Group of Seven advanced economies will examine potential risks to the global economy when they gather this week for their summit in western Japan, government sources told Reuters.While the global economy was not at a critical stage, uncertainty was rising and the G7 leaders were expected to promote a combination of monetary, fiscal and structural policies to spur growth in their communique, the sources, who were not authorized to speak to the media, said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1247 TARGET 1252 1258 SL 1242
  • SELL GOLD BELOW 1240 TARGET 1235 1229 SL 1245

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

25May
forex-trading3

IForex Market Trading Signals and News – 25 May 2016

MARKET UPDATES :

  • Forex – Aussie tumbles on talk of more interest rate cuts
  • Forex – Dollar pushes higher against yen, euro
  • Forex- Sterling jumps as Brexit poll shows ‘Remain’ campaign ahead

EUR/USD
EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair broke below the rising channel and is currently trading below a very significant support level 1.12177. We expect the just broken support level to act as a resistance to the current upward rally. A clear breakout above 1.12177 will lead to an acceleration to the upper-side but should not go beyond 1.1283, while a clear rebound from this level will lead to a downward rally towards 1.1166. Ideally, the anticipated downward rally should be the continuation of wave (c) but should not close below 1.1160. This pair should be traded alongside AUD/USD, EUR/HKD and NZD/USD. These pairs have a strong positive correlation of up to +0.95 and will likely move in a similar direction during this intraday.

GBP/USD
The pound strengthened against the dollar and the euro on Tuesday after a new opinion poll showed the ‘Remain’ campaign with a big lead with one month to go until the referendum on Britain’s European Union membership.GBP/USD was up 0.79% at 1.4599, rebounding from Monday’s lows of 1.4441.The latest ORB poll, published in Tuesday’s Telegraph newspaper, showed that the “Remain’ campaign has a 13-point lead over the ‘Leave’ campaign.support for remaining in the EU stood at 55%, while support for Brexit was at 42%.On Monday, British Prime Minister David Cameron said exiting the EU would be economic self-destruction, as he presented a finance ministry report warning of recession, a sharp fall in the pound and half a million job losses.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4601 TGT 1.4621 1.4651 SL 1.4571
  • SELL GBP/USD BELOW 1.4548 TGT 1.4528 1.4498 SL 1.4578

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

25May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.7 points or 0.6% lower to 2750.23, taking the year-to-date performance to -4.60%.
  • The top active stocks today were Global Logistic, which declined 1.39%, SingTel, which declined 1.55%, DBS, which declined 0.33%, Ascendas REIT, which declined 0.86% and OCBC Bank, with a 0.94% fall.
  • The FTSE ST Mid Cap Index declined 0.33%, while the FTSE ST Small Cap Index declined 0.36%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.68%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 1.21% lower and 3.49% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 3.60%. Silverlake Axis shares declined 4.67% and CSE Global increased 7.14%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.36%), SPDR Gold Shares (-0.59%), DBXT MSCI Thailand TRN ETF 10 (-0.45%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.86%), Capitamall Trust (-0.97%), Capitacom Trust (+0.73%)
  • The most active index warrants by value today were : HSI20200MBeCW160629A (unchanged), HSI20400UBeCW160929 (-2.63%), HSI21200UBeCW160929 (unchanged)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-4.49%), SingTel MB eCW161114 (-3.33%), UOB MB eCW160705 (-2.94%).

STOCK RECOMMENDATION :

  • BUY JUMBO ABOVE 0.545 TGT 0.565 0.585 SL 0.515

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

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