Daily Archives: June 6, 2016

6Jun

Comex Trading Signals and Market News – 06 June 2016

INTERNATIONAL COMMODITY NEWS :

  • U.S. oil futures held steady close to multi-month highs on Friday, as a decline in U.S. oil stocks countered news that the Organization of the Petroleum Exporting Countries failed to place a ceiling on oil production at their meeting on Thursday in Vienna.U.S. crude futures for July delivery were steady at $49.18 a barrel, near recent seven-month highs of 50.21.
  • Gold drifted lower on Friday in Asia as investors remained cautious ahead of this month’s Federal Reserve review of interest rates. On the Comex division of the New York Mercantile Exchange, gold for August delivery fell 0.19% to $1,210.25 a troy ounce.Silver futures for July delivery eased 0.31% to $15.975 a troy ounce.
  • Silver futures advanced during evening trade in the domestic market on Friday as investors and speculators eyed the  key US May jobs data which may dictate whether the US Fed raises interest rates as early as this month. The world’s biggest economy is tipped to have added a robust 160K jobs in May with the unemployment rate slipping to 4.9 percent analysts’ estimates showed.

ECONOMY NEWS :

  • With a June Federal Reserve interest rate hike likely off the table following Friday’s dismal jobs data, U.S. equity investors may shift their focus again to whether the economy is losing too much steam to allow stocks to advance. Investors will comb economic data over the next few weeks to see if the weak payrolls report reflected a wider trend in the U.S. economy or was an outlier. A first hint of the central bank’s view of that could come Monday with a speech on the economic outlook by Fed Chair Janet Yellen.
  • Commercial property investors are writing clauses into contracts giving buyers the right to walk away from real estate deals if Britain votes to leave the European Union this month, as a way to unfreeze a sector stalled by uncertainty over Brexit. Transactions in commercial property fell by 40 percent in the first quarter, according to the Bank of England, with many buyers and sellers waiting to see the outcome of the June 23 referendum in case an exit vote hurts property prices.
  • Growth of services activity in India softened for the second straight month in May, as new business inflows expanded at the slowest rate since July 2015. Although some firms took on additional staff, the overall pace of job creation was fractional. Input costs rose again, leading to a further increase in prices charged. Although service providers remained optimistic that output will expand in the year ahead, the level of confidence was the lowest recorded since February.

TRADING STRATEGY :

  • SELL GOLD BELOW 1243 TARGET 1240 1235 SL 1246
  • BUY GOLD ABOVE 1247 TARGET 1250 1255 SL 1243

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

6Jun
forex-trading3

IForex Market Trading Signals and News – 06 June 2016

MARKET UPDATES :

  • Forex – GBP/USD little changed after U.K. services PMI
  • Forex – Dollar slips vs. yen, steady vs. euro ahead of nonfarm payrolls
  • Forex – Aussie holds gains on services surveys, yen flat after wage data

EUR/USD
EUR/USD is unchanged on Friday, following slight losses in the Thursday session. The pair is trading at 1.1140. On the release front, German Final Services came in at 55.2 points, within expectations. Eurozone Final Services posted a reading of 53.3, slightly above the estimate. Eurozone Retail Sales came in at 0.0%. It’s a busy day in the US, with three employment indicators on the schedule – Average Hourly Earnings, Unemployment Rate, and Nonfarm Employment Change. The US will also publish ISM Non-Manufacturing PMI.

GBP/USD
The pound was little changed against the U.S. dollar on Friday, even after data showed that the U.K. service sector expanded at a faster rate than expected in May, as investors remained cautious ahead of a key U.S. employment report due later in the day. GBP/USD hit 1.447 during European morning trade, the session high; the pair subsequently consolidated at 1.4425. Cable was likely to find support at 1.4329, the low of May 16 and resistance at 1.4507, the high of June 1.Research group Markit said its U.K. services purchasing managers’ index rose to 53.5 last month from a reading of 52.3 in April. Analysts had expected the index to rise to 52.5 in April.Despite the better than expected read, Markit warned that the improvement in expectations would hinge on the June 23 referendum on the U.K.’s membership in the European Union.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4510 TGT 1.4560 1.4600 SL 1.4460
  • SELL GBP/USD BELOW 1.4365 TGT 1.4315 1.4275 SL 1.4315

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

6Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 06 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 14.14 points or 0.51% higher to 2809.23, taking the year-to-date performance to -2.55%.
  • The top active stocks today were Noble, which declined 13.33%, SingTel, which gained 0.26%, DBS, which gained 0.07%, CityDev, which gained 4.26% and CapitaLand, with a 1.68% advance.
  • The FTSE ST Mid Cap Index declined 0.04%, while the FTSE ST Small Cap Index rose 0.44%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 3.05%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 3.92% higher and 1.19% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.17%. Keppel Infrastructure Trust shares declined 0.98% and SIIC Environment Holdings declined 1.46%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.22%), IS MSCI India 100 (-0.15%), STI ETF (+0.35%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.44%), Capitamall Trust (+1.50%), Capitacom Trust (+1.08%)
  • The most active index warrants by value today were : HSI21000MBeCW160629 (+4.05%), HSI20000MBePW160728 (-7.62%), HSI19000MBePW160929 (-4.65%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (unchanged), DBS MB ePW161003 (-1.01%), UOB MB eCW161031 (-3.74%).

STOCK RECOMMENDATION :

  • BUY ACROMEC ABOVE 0.545 TGT 0.570 0.585 SL 0.515

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