Monthly Archives: May 2016

2May

Comex Trading Signals and Market News – 02 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper prices rose by 2.33 per cent on Friday after gross domestic product in the euro zone rose more-than-expected in the last quarter signaling improving sentiment in the region which raised the demand outlook for the metal. In a report Eurostat said that GDP rose to a seasonally adjusted 0.6 per cent from 0.3 per cent in the preceding quarter.
  • Crude oil prices rose by 0.69 per cent on Friday lifted by falling output a weaker dollar and as investors looked ahead to rig count data from industry group Baker Hughes. US production fell sharply by 15000 barrels per day to 8.938 million bpd dropping to fresh 18-month lows. The dollar also fell as currency traders reacted to a relatively dovish monetary policy statement from the Federal Reserve from the previous session.
  • Gold prices rose by 0.82 per cent on Friday as a weaker US dollar and uncertainty caused by the Bank of Japan’s decision to leave its monetary policy unchanged supported the precious metal. Safe-haven demand strengthened after the BoJ chose on Thursday to hold its monetary policy defying market expectations for additional monetary easing.

ECONOMY NEWS :

  • The United States on Friday flagged concerns over economic policies in China, Japan, Korea, Taiwan and Germany and put them on a new monitoring list, mostly due to their large surpluses.It is the first time the U.S.Treasury has implemented provisions passed in Congress this year as part of a trade bill that provided it with new ways to address possible unfair currency practices.
  • Eurozone unemployment rate dropped to 10.2 percent in March, the lowest figure since August 2011, when it was the same, figures from Eurostat showed Friday. In July that year, the rate was 10.1 percent. The February jobless rate was revised up to 10.4 percent from 10.3 percent. In January, the figure was 10.4 percent. The jobless rate for the EU 28 fell to 8.8 percent from 8.9 percent, marking the lowest rate since April 2009.
  • The number of mortgages approved in UK in March fell unexpectedly to 71,357 from 73,195 in February, the Bank of England reported Friday. It was forecast to rise to 74,200. Total lending to individuals increased by GBP 9.3 billion in March, much bigger than a GBP 5 billion rise seen in February. Within total, secured lending climbed GBP 7.4 billion, larger than a GBP 3.6 billion increase in prior month and an expected growth of GBP 3.7 billion.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1297 TARGET 1302 1308 SL 1293
  • SELL GOLD BELOW 1290 TARGET 1285 1279 SL 1296

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

2May

IForex Market Trading Signals and News – 02 May 2016

MARKET UPDATES :

  • Forex -Dollar falls to fresh 9-month trough after UoM report
  • Forex USD/JPY at 1-1/2 year lows as BoJ move still weighs
  • Forex-USD/CAD hits fresh 9-month lows after U.S., Canadian data

EUR/USD
The GBP/USD gained 56 point to 1.4599 as the dollar weakened after the FOMC statement gave no indications of future Fed moves. Sterling has risen to its highest level against the dollar since the start of the EU referendum campaign, aspolls show support for the Remain camp growing.After Barack Obama’s intervention in the Brexit debate on Friday, betting odds for the UK to stay in the EU jumped from 65 per cent to 73 per cent, a move reflected in polls conducted this week that indicated “stronger momentum” for Remain ahead of the 23 June referendum.While reaction to this week’s polls has also seen sterling rebound strongly against the euro, specialist bank Investec warned that investors “needed to be careful in poll interpretation”, reports the Irish Independent.

GBP/USD
The GBP/USD gained 56 point to 1.4599 as the dollar weakened after the FOMC statement gave no indications of future Fed moves. Sterling has risen to its highest level against the dollar since the start of the EU referendum campaign, aspolls show support for the Remain camp growing.After Barack Obama’s intervention in the Brexit debate on Friday, betting odds for the UK to stay in the EU jumped from 65 per cent to 73 per cent, a move reflected in polls conducted this week that indicated “stronger momentum” for Remain ahead of the 23 June referendum.While reaction to this week’s polls has also seen sterling rebound strongly against the euro, specialist bank Investec warned that investors “needed to be careful in poll interpretation”, reports the Irish Independent.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4680 TARGET 1.4720 1.4780 SL 1.4630
  • SELL GBP/USD BELOW 1.4370 TARGET 1.4330 1.4250 SL 1.4430

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

2May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 02 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 23.78 points or 0.83% lower to 2838.52, taking the year-to-date performance to -1.53%.
  • The top active stocks today were DBS, which declined 1.04%, OCBC Bank, which declined 1.46%, SingTel, which closed unchanged, UOB, which declined 1.33% and Wilmar Intl, with a 1.37% advance.
  • The FTSE ST Mid Cap Index declined 0.36%, while the FTSE ST Small Cap Index declined 0.39%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.84%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources – ended 1.79% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.60%. Keppel Corp shares declined 2.00% and Sembcorp Industries declined 1.03%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.40%), iShares USD Asia HY Bond ETF (unchanged), iShares MSCI India 100 (-1.76%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%), Capitamall Trust (-1.90%), Mapletree GCC Tr (+0.98%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (-17.19%), HSI20000MBePW160629 (+15.94%), HSI21000MBePW160530 (+20.00%)
  • The most active stock warrants by value today were : OCBC Bk MB eCW161003 (-11.11%), DBS MB ePW161003 (+4.51%), UOB MB eCW160704 (-17.02%).

STOCK RECOMMENDATION :

  • BUY PARKSON RETAIL ABOVE 0.230 TGT 0.240 0.250 SL 0.220

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