Monthly Archives: May 2016

16May

Comex Trading Signals and Market News – 16 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices ended a three-day bull run on Friday, falling as a strong dollar made it more expensive to hold oil positions though losses were cushioned by Nigerian outages that have slashed output to the lowest in 22 years. The dollar (DXY) hit a two-week high against a basket of currencies on Friday, lifted by expectations the U.S. Federal Reserve will raise rates again before any other major central bank.
  • Gold prices rose on Friday, but gains were limited by a stronger U.S. dollar as investors awaited the release of a number of U.S. economic reports later in the day.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.35% at $1,275.80.The June contract ended Thursday’s session 0.34% lower at $1,271.20 an ounce.Futures were likely to find support at $1,258.70, the low from May 10 and resistance at $1,286.50, the high from May 9.
  • Zinc prices rose by 0.72 per cent on Thursday at the Multi Commodity Exchange (MCX) due to rising demand in the domestic spot market coupled with a firm trend in the base metal overseas. Sentiments further strengthen as data were revealed which eased demand concerns in China.

ECONOMY NEWS :

  • China said it has signed a multilateral agreement to share tax information on multinational companies, paving the way for it to join the fight on global tax avoidance.China signed the country-by-country tax reporting agreement, along with Canada, India, Iceland, Israel and New Zealand, during a meeting of the OECD Forum on Tax Administration (FTA) in Beijing this week, bringing the number of countries that have signed the pact to 39.
  • Eurozone gross domestic product climbed 0.5 percent in the first quarter from the prior quarter, when it grew 0.3 percent, the flash estimate from Eurostat showed Friday. Eurostat previously estimated 0.6 percent growth for the first three months of 2016. On a yearly basis, GDP growth eased marginally to 1.5 percent from 1.6 percent. The annual growth rate for the first quarter was revised down from 1.6 percent. At the same time, the EU28 economy logged a 0.5 percent sequential growth and 1.7 percent annual expansion. Both growth figures were kept unchanged from the previous release.
  • Germany’s gross domestic product expanded 0.7 percent sequentially in the first quarter, faster than the 0.3 percent growth in the previous three months, according to provisional data published by Destatis on Friday. GDP climbed 1.3 percent on a yearly basis, weaker than the 2.1 percent expansion seen in the previous quarter.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1276.3 TARGET 1281.3 1287.3 SL 1271.3
  • SELL GOLD BELOW 1271 TARGET 1266 1260 SL 1276

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

16May
forex-trading3

IForex Market Trading Signals and News – 16 May 2016

MARKET UPDATES :

  • Forex -Dollar edges higher ahead of U.S. economic reports
  • Forex -Dollar slips against yen, edges higher vs. euro
  • Forex-Yen gains further in Asia as Kuroda defends negative rates

EUR/USD
EUR/USD fell sharply on Friday, as the dollar continued its rally from 9-month lows amid an unexpected surge in U.S. consumer sentiment. The currency pair traded in a broad range between 1.1283 and 1.1379, before settling at 1.1313, down 0.0061 or 0.56% on the session. At session-lows, the euro fell below 1.13 against the dollar for the first time in the month of May. The euro has now closed lower versus the dollar in eight of the last nine sessions. Despite the recent downturn, the euro is still up against American counterpart by more than 4% 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 is currently trading with a slight bullish bias. Yesterday, the pair broke above the channel but ended up within the same channel. As long as the pair trades within this channel, expect a rally to the lower side, a clear breakout above 1.4480 will lead to an acceleration to the upper side but should not go above 1.46637. During this intraday, key levels to look for include 1.4106, 1.4178, 1.4304, 1.44061, 1.4480, and 1.4663. This pair should be traded alongside AUD/USD, GBP/CHF, NZD/USD, and GBP/CHF. These pairs have a strong positive correlation of up to +0.92 and will likely have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4440 TARGET 1.4460 1.4490 SL 1.4410
  • SELL GBP/USD AROUND 1.4445-1.442 TARGET 1.4422 1.4392 SL 1.4475

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

16May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 16 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 10.48 points or 0.38% lower to 2734.91, taking the year-to-date performance to -5.13%.
  • The top active stocks today were SIA, which declined 5.42%, SingTel, which declined 0.26%, DBS, which gained 0.40%, OCBC Bank, which gained 0.12% and Global Logistic, with a 1.43% fall.
  • The FTSE ST Mid Cap Index declined 0.47%, while the FTSE ST Small Cap Index declined 0.46%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 3.40%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings – ended 4.26% higher and 1.69% higher respectively.
  • The underperforming sector was the FTSE ST Consumer Services Index, which slipped 1.74%. ComfortDelGro shares increased 1.08% and Singapore Press Holdings declined 0.26%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.33%), STI ETF (-0.36%), DBXT MSCI Indonesia ETF 10 (-1.28%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-2.50%), Suntec REIT (-0.30%), Capitamall Trust (-1.44%)
  • The most active index warrants by value today were : HSC9400UBeCW160929 (-10.23%), HSI20200MBeCW160629A (-14.74%), HSI19800MBeCW160530 (-18.18%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (unchanged)

STOCK RECOMMENDATION :

  • BUY 800 SUPER ABOVE 0.525 TGT 0.545 0.560 SL 0.500

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

13May

Comex Trading Signals and Market News – 13 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices rose toward six-month highs on Thursday, supported by data from the International Energy Agency (IEA) showing tightening supply in addition to a surprise drop in U.S. crude inventories.Brent crude futures (LCOc1) were trading at $47.92 per barrel at 0944 GMT, up 32 cents from their last settlement and near a six-month high of $48.50 hit at the end of April.
  • Global gold demand at the start of 2016 rose at its fastest pace ever on inflows from exchange traded funds (ETFs), according to an industry report released on Thursday.Gold demand increased by 21% year-on-year to 1,290 tons in the first quarter, according to the World Gold Council report..That was the fastest pace ever for the first three months of the year and the second largest quarter on record.
  • Amid pick-up in demand from alloy-makers at domestic spot markets and a firming trend in base metals overseas, nickel prices edged higher 0.56% to Rs 593.70 per kg in futures trade today as speculators raised their bets. At the Multi Commodity Exchange, nickel for delivery in current month was trading higher by Rs 3.30, or 0.56%, to Rs 593.70 per kg in a business turnover of 660 lots.

ECONOMY NEWS :

  • The Bank of England stepped up its warnings about the economic risks if Britain votes to leave the European Union, saying on Thursday that sterling could fall sharply and unemployment would probably rise.The central bank’s interest rate setters — who voted unanimously to keep rates on hold — said that in the event of a vote for so-called Brexit on June 23, households and companies were likely to hold off spending and investment.
  • The head of the European Commission said on Thursday it would be a catastrophe if Britain voted to leave the European Union, but he did not expect that to happen.Commission President Jean-Claude Juncker, speaking at a conference on Europe at the German Foreign Ministry, said it was up to Britan to decide whether to exit the bloc in a June 23 referendum, and the decision would have far-reaching consequences for Britain and Europe.
  • Indian economy is slowly gaining momentum and & is projected to grow by 7.3% this year, a United Nations report stated today. The World Economic Situation and Prospect report, in its mid-2016 update, has said India is expected to achieve a 7.5% GDP growth in 2017 and the economic prospects of the South Asian region will be contingent on the growth trajectory of India and Iran.Despite some delays in domestic policy reforms and enduring fragilities in the banking system, investment demand is supported by the monetary easing cycle, rising FDI, and government efforts towards infrastructure investments and public-private partnerships, noted the UN.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1273.2 TARGET 1278.2 1284.2 SL 1268.2
  • SELL GOLD BELOW 1265.8 TARGET 1260.8 1254.8 SL 1270.8

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

13May
forex-market-hours

IForex Market Trading Signals and News – 13 May 2016

MARKET UPDATES :

  • Forex – GBP/USD slips lower ahead of BoE decision
  • Forex -Dollar edges higher, U.S. jobless claims ahead
  • Forex-Yen weaker on BOJ easing talk, BOE’s ‘Super Thursday’ in focus

EUR/USD
EUR/USD is currently trading with a bullish bias. Yesterday, the pair broke above the descending channel, headed long and even tested the resistance level 1.1438. During this intraday, we still expect further movements to the upper side but should not go above 1.14770, A clear breakout above 1.1477 will push the price further to the upper side. This view can only be invalidated in case the price clearly rebounds from 1.1438. This pair should be traded alongside EUR/GBP, GBP/USD, and NZD/USD. These pairs have a strong positive correlation of up to +0.96 and will likely have a similar price action during this intraday.As long as the level 1.1438 protects the upper side, look for possible short positions from 1.1438 with your target at 1.1396. A clear breakout above 1.1438 will call for long positions with a target at 1.1477. A clear a breakout above 1.1477 will call for further long positions with an ideal target at 1.14391.

GBP/USD
The pound slipped lower against the U.S. dollar on Thursday, as investors remained cautious before the Bank of England’s policy statement due later in the trading session.GBP/USD hit 1.4407 during European morning trade, the session low; the pair subsequently consolidated at 1.4433, easing 0.09%.Cable was likely to find support at 1.4371, the low of May 9 and resistance at 1.4543, the high of May 6.Later Thursday, the BoE was expected to leave its benchmark interest rate unchanged at 0.5% at the level of its monthly asset purchases at £375 billion.Investors were looking ahead to comments by BoE Governor Mark Carney, scheduled after the policy statement, for indications on the central bank’s future policy moves.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4425 TARGET 1.4445 1.4475 SL 1.4395
  • SELL GBP/USD AROUND 1.4488-1.4490 TARGET 1.4466 1.4436 SL 1.4518

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

13May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 13 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 12.52 points or 0.46% higher to 2745.39, taking the year-to-date performance to -4.76%.
  • The top active stocks today were DBS, which gained 1.36%, SingTel, which gained 1.30%, OCBC Bank, which closed unchanged, Wilmar International, which closed unchanged and Global Logistic, with a 0.57% fall.
  • The FTSE ST Mid Cap Index declined 0.34%, while the FTSE ST Small Cap Index rose 0.16%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.53%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 0.93% higher and 3.45% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 2.27%. Raffles Medical Group shares remainedun- changed and Riverstone Holdings increased by 0.57%
  • The three most active Exchange Traded Funds (ETFs) by value today were : iShares USD Asia Bond ETF (-0.56%), SPDR Gold Shares (-0.07%), DBXT MSCI Indonesia ETF10 (-0.24%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.24%), Capitamall Trust (+0.48%), Suntec REIT (unchanged)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (-7.22%), HSI20800UBeCW160629 (-3.57%)m, HSC8400UBeCW160629 (-3.75%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+11.77%)

STOCK RECOMMENDATION :

  • BUY VARD ABOVE 0.192 TGT 0.200 0.205 SL 0.182

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

12May

Comex Trading Signals and Market News – 12 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices rose by 0.24 per cent on Wednesday on heavy short covering after suffering one of its worst single-day sessions on the calendar year as investors continued to react to devastating wildfires in Canada and widespread changes in the leadership structure of Saudi Arabia’s leading state-run oil company.Traders continued to monitor the catastrophic fires in Canada where estimates of the number of barrels being forced offline from the firestorms continued to rise.
  • Gold prices rose by 0.70 per cent on Wednesday as investors continued to monitor movements in the US dollar. The greenback fell as investors locked in gains following its steep rise after continued comments about possible intervention by the Japanese government. Dollar weakness usually benefits gold as it boosts the metal’s appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.
  • The correction last evening was not as eventful as Monday in Copper prices. June futures closed at Rs 312.15, down
    0.32%. The data from China’s National Statistics Bureau said its Consumer Price Index for April rose 2.3% on an annual basis, slightly lower than consensus estimates of 2.4% and in line with March’s reading.The prices from last few days have been under severe threat first by the Chinese import numbers and now the news of Freeport selling its key Copper business.

ECONOMY NEWS :

  • U.S. policymakers are “pretty clear” in their views that Japan should refrain from any steps to intentionally weaken the yen, such as intervention in currency markets, a key economic adviser to Prime Minister Shinzo Abe said on Wednesday. Japanese financial authorities thus face a tough situation, with few options to contain unwelcome yen rises, said Koichi Hamada, an emeritus professor at Yale University who has close contacts with senior U.S. and Japanese policymakers.
  • India will start imposing capital gains taxes on investments coming from Mauritius starting from next year as part of a new tax treaty agreed by both countries, according to a government statement on Tuesday.The taxes on capital gains will apply to investments made from April 1, 2017 and will be imposed at 50 percent of the domestic rate until March 31, 2019, and at the full rate thereafter.
  • The European Central Bank’s easy monetary policy is justified by a subdued growth outlook in the euro zone, a top official at Germany’s Bundesbank said on Wednesday, reaffirming his institution’s defence of the ECB against German criticism. “The current, expansionary monetary policy is justified by the subdued outlook for inflation and subdued growth – although of course there are side effects that increase with time, and even if you can argue about individual instruments,” Bundesbank board member Andreas Dombret said at an event in Berlin.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1280 TARGET 1285 1292 SL 1273
  • SELL GOLD BELOW 1270 TARGET 1265 1658 SL1275

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

12May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 12 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 8.28 points or 0.3% lower to 2732.87, taking the year-to-date performance to -5.20%.
  • The top active stocks today were Wilmar Intl, which declined 3.52%, SingTel, which gained 0.26%, UOB, which declined 0.96%, DBS, which declined 0.88% and OCBC Bank, with a 0.36% advance.
  • The FTSE ST Mid Cap Index declined 0.14%, while the FTSE ST Small Cap Index declined 0.20%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 1.10%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.00% higher and 0.75% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 3.04%. Raffles Medical Group shares remainedun-changed and Riverstone Holdings declined 2.75%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.72%), DBXT S&P CNX Nifty ETF 10 (+0.84%), DBXT MSCI China TRN ETF 10 (-0.44%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%), Capitamall Trust (unchanged), Capitacom Trust (-1.06%)
  • The most active index warrants by value today were : HSI20000MBePW160629 (+8.65%), HSC8400UBeCW160629 (-9.09%), HSI21200UBeCW160929 (-19.84%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-8.11%)

STOCK RECOMMENDATION :

  • BUY RESOURCES PRIMA ABOVE 0.028 TGT 0.030 0.031 SL 0.026

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

12May

IForex Market Trading Signals and News – 12 May 2016

MARKET UPDATES :

  • Forex – Dollar slips lower vs. rivals amid profit-taking
  • Forex -Dollar turns lower against yen as investors take profits
  • Forex-Aussie, kiwi move higher but gains seen capped

EUR/USD
EUR/USD is currently trading with a bullish bias.Yesterday, the pair traded short but could not close below the descending trend line. During this intraday, We expect an upward acceleration but should not close above 1.1396. Ideally, we expect the upper resistive trend line to mark the end of wave (4) but should be the beginning of wave (5). A clear breakout above 1.1396 will push the price further to the upper side but should not go above 1.1438. However, as long as the pair trades within the descending channel, we expect a rally to the lower side. This pair should be traded alongside EUR/GBP, NZD/USD, GBP/USD. These pairs have a strong positive correlation of up to +0.89 and will likely have a similar price action during this intraday.

GBP/USD
The pound fell to the day’s lows against the dollar on Wednesday after data showing that U.K. manufacturing output fell at the fastest rate in nearly three years in March, adding to signs that the economy is slowing.GBP/USD touched lows of 1.4389, down from around 1.4421 ahead of the data.The Office for National Statistics reported that manufacturing output in the U.K. fell 1.9% in March from the same month a year earlier, the steepest annual fall since May 2013. The fall was led by a 4% drop in the manufacture of basic metals & metal products, particularly iron and steel.For the month, manufacturing output edged up by 0.1%, missing forecast for a 0.3% increase, after falling 0.9% in February.ndustrial output rose 0.3% in March and was 0.2% lower on a year-over-year basis.The figures did not point towards any revision of the estimate of first quarter economic growth released last month, the ONS said.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4395 TARGET 1.4415 1.4445 SL 1.4365
  • SELL GBP/USD AROUND 1.4485-1.4483 TARGET 1.4465 1.4435 SL 1.4515

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

11May

Comex Trading Signals and Market News – 11 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices fell by 0.34 per cent on Tuesday as market players looked ahead to fresh weekly information on US stockpiles of crude and refined products. The American Petroleum Institute will release its inventories report later in the day while Wednesday’s government report could show crude stockpiles rose by 0.5 million barrels in the week ended May 6.
  • Gold prices gained marginally by 0.05 per cent on Tuesday after mixed consumer and producer price data from China. CPI for April fell 0.2 per cent month-on-month as expected and at a 2.3 per cent pace year-on-year a tad lower than the 2.4 per cent gain seen. PPI for April year-on-year fell 3.4 per cent compared to a expected drop of 3.8 percent.
  • German industrial production declined 1.3 percent on a monthly basis in March, following a revised 0.7 percent drop in February, Destatis reported Tuesday. This was the second consecutive decline and the biggest since August 2014, when output slid 2.5 percent. Excluding energy and construction, production in industry fell 1.2 percent. Within industry, energy production gained 0.3 percent, while construction output decreased 3.2 percent. On a yearly basis, growth in industrial production eased to 0.3 percent from 2 percent, the economy ministry said.

ECONOMY NEWS :

  • Japan will intervene in foreign exchange markets if the yen strengthens to 90-95 per dollar, even if that upsets the United States, a key economic adviser to Prime Minister Shinzo Abe said on Tuesday, asserting the right to curb currency volatility.Koichi Hamada, an emeritus professor of economics at Yale University and special adviser to the Cabinet, told Reuters that he had recently heard “many concerns” from economists and officials in the United States about the possibility of Japan intervening in currency markets – something it last did five years ago when it acted to weaken the yen.
  • Consumer confidence in India rose to the highest since November last year, led by more optimistic expectations for future business conditions while sentiment towards spending took a backseat. The MNI India Consumer Sentiment Indicator rose 2% to 113.4 in April from 111.2 in March. Sentiment, though, was down 7.1% compared with the same month a year ago, and 6% below the series average. More positively, it is up from the recent trough seen in December, which had left it at the lowest level in the history of the survey. The rise in April marks a good start to Q2, after it fell to a record low level in the previous quarter.
  • Policy makers around the world need to ask if central banks injecting money into the economy through “helicopter drop” is politically feasible or produce the intended targets, India’s Central Bank Governor Raghuram Rajan said on Tuesday.”The real point is again: It is not absolutely clear that throwing the money out of the window, or targeted checks to beneficiaries… will be politically feasible in many countries, or produce economically the desired effect,” he said during a lecture at the London School of Economics.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1268 TARGET 1273 1279 SL 1263
  • SELL GOLD BELOW 1261 TARGET 1256 1250 SL 1266

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

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