Monthly Archives: June 2016

30Jun

Comex Trading Signals and Market News – 30 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices pushed higher in European trade on Wednesday, extending overnight gains, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell at a faster pace than expected last week.The U.S. Energy Information Administration will release its weekly report on oil supplies at 14:30GMT, or 10:30AM ET, amid expectations for a drop of 2.4 million barrels.
  • Gold prices were higher in European trade on Wednesday, bouncing back from the prior session’s losses as market players all but ruled out further rate hikes by the Federal Reserve this year in the aftermath of Britain’s shock vote to leave the EU.Gold for August delivery on the Comex division of the New York Mercantile Exchange tacked on $5.30, or 0.4%, to trade at $1,323.20 a troy ounce by 06:45GMT, or 2:45AM ET.
  • Nickel futures were trading lower by nearly 0.83 per cent during the afternoon trade in the domestic market on Wednesday as speculators reduced their exposure tracking a weak trend at the domestic spot markets on low demand. The fall in nickel prices was mostly in tune with a weak trend at the domestic spot markets due to muted demand from alloy-makers but a firm trend in base metals at the LME restricted losses.

ECONOMY NEWS :

  • Member nations of Latin America’s Pacific Alliance trade bloc must strengthen their relationships and keep clear of the isolationist path represented by Britain’s exit from the European Union, Chile’s foreign minister said on Wednesday.” At  a time that seems dominated by the discord and disintegration brought by ‘Brexit’ and by the lamentable attack in Turkey, what we are doing is constructing realistic, flexible and pragmatic integration,” Foreign Minister Heraldo Munoz said as the Pacific Alliance kicked off its summit in the scenic town of Puerto Varas.
  • Dissenters to the Bank of Japan’s stimulus measures remain a minority on its board, but their call to scrap the time frame for its inflation target is gaining converts and casting doubt on the credibility of bank governor Haruhiko Kuroda and his broader program.In a bid to end two decades of debilitating deflation, Kuroda began a huge money-printing program when he took office in 2013, tied to a two-year target to push inflation to 2 percent.
  • British banks’ closure of hundreds of branches in the last three years has more than halved lending to small businesses in the areas affected, research on Thursday showed, ahead of a debate in parliament about the impact of the cuts. Britain’s biggest banks HSBC (L:HSBA), Barclays (L:BARC), Royal Bank of Scotland (L:RBS) and Lloyds Banking Group (L:LLOY) have been steadily shrinking their branch networks to cut costs while investing in online and mobile banking services.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1321.5 TARGET 1326.5 1332.5 SL 1316.5
  • SELL GOLD BELOW 1315.5 TARGET 1310.5 1304.5 SL 1320.5

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

30Jun

IForex Market Trading Signals and News – 30 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling pushes higher as Brexit worries ease
  • Forex – Aussie holds steady, kiwi moves higher vs. greenback
  • Forex – Yen gains further in Asia as Japan economic policy team to meet

EUR/USD
EUR/USD is currently trading with a slight bullish bias. Yesterday, euro retraced to the upper side but is yet to reach our target reversal point at 1.1113. During this intraday, we expect a possible bullish price action towards 1.1113, where we’ll be looking to go short with our ideal target below 1.0935. This pair should be traded alongside GBP/USD, NZD/USD, AUD/USD and GBP/JPY. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intaday.

GBP/USD
The pound pushed higher on Wednesday as market sentiment continued to stabilize after last week’s shock U.K. vote to exit the European Union.GBP/USD was up 0.43% at 1.3400, off the 31-year low of 1.3122 set on Monday, a level not seen since 1985. The two-day sell off in sterling seen on Friday and Monday was the largest in recent history. Sterling has tumbled amid fears that Brexit could hit investment in the U.K. economy, threaten London’s role as a global financial capital and usher in a period of slower global economic growth.Political uncertainty in Britain, where Prime Minister David Cameron resigned after the referendum, added to fears over the outlook for the economy.EU leaders were to continue to discuss the implications of Brexit at a summit in Brussels on Wednesday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3422 TGT 1.3442 1.3472 SL 1.3392
  • SELL GBP/USD BELOW 1.3350 TGT 1.3330 1.3300 SL 1.3380

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

30Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 36.2 points or 1.31% higher to 2792.73, taking the year-to-date performance to -3.12%.The top active stocks today were SingTel, which gained 1.25%, DBS, which gained 1.50%, UOB, which gained 1.53%, OCBC Bank, which gained 1.19% and CapitaLand, with a 2.38% advance.
  • The FTSE ST Mid Cap Index gained 0.43%, while the FTSE ST Small Cap Index rose 0.59%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 2.28%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.03% higher and 2.50% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.92%. Midas Holdings shares declined 1.92% and Geo Energy Resources remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.71%),DBXT MSCI Korea ETF 10 (+3.76%),IS MSCI India 100 (+1.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+3.32%),Frasers L&I Trust (+1.62%),Ascendas REIT (+1.24%)
  • The most active index warrants by value today were : DBS MB eCW161031 (+6.67%),HSI20400UBeCW160929 (+16.44%),HSI20000MBePW160728 (-24.07%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+4.17%),UOB MB eCW161031 (+11.77%),SingTelMBeCW161114 (+25.93%).

STOCK RECOMMENDATION :

  • BUY CHINA EVERBRIGHT ABOVE 0.650 TGT 0.680 0.705 SL 0.620

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

29Jun
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29Jun
forex-market-hours

IForex Market Trading Signals and News – 29 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling regains some ground after Brexit shock
  • Forex -Dollar slides as markets begin to recover from Brexit
  • Forex – Aussie, kiwi move higher as sentiment improves

EUR/USD
EURUSD formed a spinning bottom yesterday seeking support at 1.10 with the price action seeing a bullish follow through in early Asian trading today. The gains came after markets started pricing a Fed rate cut this year following the Brexit verdict. The Fed funds futures rate is now surprisingly pricing in a 17% rate cut by September, increasing from 7% on Friday. From a technical perspective, the euro has managed to establish support near 1.10 – 1.0985 support level and in the interim, price action remains caught above this support and below 1.1143 – 1.115 resistance levels.

GBP/USD
The pound pushed higher on Tuesday as investor confidence began to return to markets after recent sharp declines in the wake of the shock U.K. vote to leave the European Union last week.GBP/USD was up 0.84% at 1.3337, coming off the 31-year low of 1.3122 set on Monday, a level not seen since 1985. The two-day selloff in sterling seen on Friday and Monday was the largest in recent history.Global stock markets suffered the largest two-day rout ever, as a wave of selling wiped around $3 trillion from markets.Ratings agencies Standard & Poor’s and Fitch Ratings both downgraded their credit ratings for the U.K. on Monday and warned that further cuts are possible.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3370 TGT 1.3390 1.3420 SL 1.3340
  • SELL GBP/USD BELOW 1.3258 TGT 1.3238 1.3208 SL 1.3288

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

29Jun

Comex Trading Signals and Market News – 29 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were trading lower during the evening trade in the domestic market on Tuesday as participants lightened their positions largely in tandem with a weak trend overseas.Gold prices fall tracking weakness in the overseas markets where gold dropped after posting the biggest two-day gain in more than seven years following the UK s vote to exit from the European Union and profit-booking by speculators weighed on gold futures.
  • Crude oil futures surged over 3 per cent during evening trade in the domestic market on Tuesday as investors and   speculators booked fresh positions in the energy commodity after the IEA expects the oil market to balance in 2016. The Paris-based agency said that global oil demand may increase at a rate of 1.3 million barrels per day in 2016 with a relatively small rise in Non-OPEC supply of nearly 200000 barrels per day.
  • Silver futures retreated during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the precious metal tracking a weak trend in the overseas market as the lure for safe haven assets receded as concerns over Brexit eased amid speculation that policymakers may take some measures to restore confidence in fragile financial markets.

ECONOMY NEWS :

  • Japanese Prime Minister Shinzo Abe on Wednesday urged the central bank to provide ample funds to the market to ensure liquidity and keep the wheels of economy turning in the wake of Britain’s shock vote to exit the European Union. “A sense of uncertainty and worry about risks remain in the markets,” Abe told a meeting between the government and the Bank of Japan to discuss market developments after the Brexit vote rocked global financial markets.
  • Britain’s vote to leave the European Union could pose a new drag on the U.S. economy at a time when momentum in the U.S. job market may already by slowing, Federal Reserve governor Jerome Powell said on Tuesday.In the first of Fed policymakers to comment since the shock vote in Britain last week, Powell said the Brexit referendum had shifted global risks “to the downside,” potentially posing a new threat to the Fed’s outlook.
  • U.S. Secretary of State John Kerry held out the possibility on Tuesday of negotiating separate trade deals with Britain and the European Union at the same time, but a spokesman later said he did not mean to suggest such a plan. Speaking in Colorado, Kerry was asked about President Barack Obama’s April comment that Britain would go to the “back of the queue” if it voted to quit the EU, as it did on Thursday, and Washington would focus on a wider trade deal with the EUcalled the Transatlantic Trade and Investment Partnership (TTIP).

TRADING STRATEGY :

  • BUY GOLD ABOVE 1307 TARGET 1312 1318 SL 1302
  • SELL GOLD BELOW 1304 TARGET 1299 1293 SL 1309

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

29Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 26.68 points or 0.98% higher to 2756.53, taking the year-to-date performance to – 4.38%.
  • The top active stocks today were SingTel, which gained 2.57%, DBS, which gained 0.26%, UOB, which gained 0.45%, Ascendas REIT, which gained 2.53% and OCBC Bank, with a 0.60% advance.
  • The FTSE ST Mid Cap Index gained 1.61%, while the FTSE ST Small Cap Index rose 1.03%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.70%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 2.57% higher and 4.47% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.08%. Raffles Medical Group shares remained unchangedand Riverstone Holdings declined 0.55%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.83%), STI ETF (+0.71%), IS MSCI India 100 (-0.30%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.53%), Capitamall Trust (+2.43%), Capitacom Trust (+1.75%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (-1.14%), HSI21400MBeCW160728 (-4.76%), HSI21600MBeCW161028 (-2.33%)
  • The most active stock warrants by value today were:
    DBS MB eCW161031 (+4.17%), UOB MB eCW161031 (+1.49%), OCBC Bk MBeCW161004 (+5.77%)

STOCK RECOMMENDATION :

  • BUY SPACKMAN ABOVE 0.106 TGT 0.111 0.115 SL 0.101

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

28Jun

Comex Trading Signals and Market News – 28 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices rose on Monday, re-approaching the two-year peaks hit on Friday after a shock U.K. vote to exit the European Union sent investors scrambling into bullion and other safe haven assets.U.S. gold futures for August delivery were up 0.5% at $1,329.0 an ounce by 0957 GMT.
  • Oil prices steadied on Monday as market participants better absorbed the shock of last week’s vote in Great Britain to leave the European Union and as analysts said Brexit would have a limited impact on global fuel demand. Brent crude futures were up 17 cents at $48.58 a barrel by 0844 GMT.
  • Zinc futures fell during late morning trade in the domestic market on Monday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Further fears that UK’s decision to leave the EU may deal a further blow to an already fragile global economic recovery signaled uncertain metal demand and hit zinc.

ECONOMY NEWS :

  • Japan’s chief cabinet secretary, Yoshihide Suga, said on Tuesday the government would continue to carefully watch currency markets, where “extremely nervous moves” are seen.Suga made the comment in a regular news conference, when asked about market developments after Britain’s vote on Friday to leave the European Union.
  • The dollar and yen steadied and sterling crawled away from a 31-year low on Tuesday as risk aversion triggered by the shock of Brexit eased slightly, although many investors were still wary of calling a bottom for the battered pound. The euro was little changed at $1.1042 , having put a bit of distance from Friday’s three-month low of $1.0912. The pair was confined between $1.1054-1.1010, its narrowest intraday range in nearly three weeks.
  • The European Central Bank’s president Mario Draghi expressed “sadness” on Monday at Britain’s vote to leave the European Union.In his first comments on the result of last Thursday’s referendum, Draghi said: “Sadness is the best word for what we feel when we witness changes of this magnitude.”

TRADING STRATEGY :

  • BUY GOLD ABOVE 1336 TARGET 1341 1347 SL BELOW 1331
  • SELL GOLD BELOW 1323 TARGET 1318 1312 SL ABOVE 1328

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

28Jun
Forex Signals

IForex Market Trading Signals and News – 28 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling falls further in wake of Brexit, euro also weaker
  • Forex – Kiwi, Aussie decline vs. greenback, Brexit vote still weighs
  • Forex – Pound holds weakness in Asia as Japan, China vow support

EUR/USD
EUR/USD is currently trading with a bearish bias. During the previous trading day on 24th June 2016, Euro reacted negatively to Brexit, headed short and and may head further to the lower side. During this intraday, we are very reluctant to go long, instead, we will only be interested in signals giving sell opportunities. This pair should be traded alongside NZD/ USD, AUD/USD, and GBP/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

GBP/USD
The pound came under renewed selling pressure on Monday, falling back towards a 31- year trough after the U.K. voted to leave the European Union on Friday, triggering a massive selloff in global markets.GBP/USD was last down 1.83% at 1.3427, after falling as low as 1.3356 overnight, not far from the lows of 1.3228 set on Friday, the weakest since 1985.U.K. Finance Minister George Osborne said Monday the vote to leave the EU was likely to lead to further volatility in financial markets but claimed that the economy is as strong as it could be to face the challenges ahead.Sterling has tumbled amid fears that the decision could hit investment in the U.K. economy, threaten London’s role as a global financial capital and trigger months of political uncertainty after British Prime Minster David Cameron resigned on Friday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3480 TGT 1.3500 1.3530 SL 1.3450
  • SELL GBP/USD BELOW 1.3220 TGT 1.3200 1.3170 SL 1.3250

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

28Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.54 points or 0.2% lower to 2729.85, taking the year-to-date performance to -5.30%.
  • The top active stocks today were DBS, which declined 1.61%, SingTel, which gained 1.83%, UOB, which declined 1.35%, OCBC Bank, which declined 0.48% and Global Logistic, with a 1.69% fall.
  • The FTSE ST Mid Cap Index gained 0.04%, while the FTSE ST Small Cap Index declined 0.16%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.71%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 1.83% higher and 1.13% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.49%. Midas Holdings shares declined 3.77% and Geo Energy Resources increased 2.75%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.89%),iShares USD Asia HY Bond ETF (-1.13%),DBXT MSCI Europe ETF 10 (-1.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+3.00%),Ascendas REIT (+3.04%),Suntec REIT (+0.91%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (+7.32%),HSI21400MBeCW160728 (-8.70%),HSI2040UBeCW160929 (+2.56%)
  •  The most active stock warrants by value today were : DBS MB eCW161031 (-13.25%),UOB MB eCW161031 (-8.22%),OCBC Bk MBeCW161004 (-3.70%).

STOCK RECOMMENDATION :

  • BUY ANCHOR RESOURCES ABOVE 0.121 TGT 0.127 0.132 SL 0.115

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

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