Daily Archives: June 29, 2016

29Jun
Seminar

Singapore Trading Investment Seminar 2016 by Epic Research Pte ltd.

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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.

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