Daily Archives: July 11, 2016

11Jul

Comex Trading Signals and Market News – 11 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices slid lower on Friday, as investors awaited the highly-anticipated U.S. employment report due later in the day, but the precious metal remained close to Wednesday’s two-year peak as concerns over the global impact of the Brexit vote continued to dampen sentiment.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery declined 0.36% to $1,357.35.
  • Oil prices rebounded on Friday, bouncing off two-month lows hit in the previous session when prices fell 5 percent on news that the U.S. weekly crude draw missed some forecasts.Traders said that the outlook looked volatile as a refined product glut and slowing economic growth weighed on markets while the risk of supply disruptions could tighten supplies.
  • Silver futures were trading lower during noon trade in the domestic market on Friday as traders resorted to a cautious approach ahead of the much anticipated US payrolls data for the month of June set for release today which may dictate the timing of the US Federal Reserve’s next interest rate hike.

ECONOMY NEWS :

  • The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China’s trade minister Gao Hucheng said on Saturday. Gao made the remarks at the start of a two-day meeting of trade ministers from G20 economies in Shanghai, as uncertainty hangs over the outlook for a slow-growing global economy now beset by post-Brexit reverberations.
  • U.S. President Barack Obama said on Saturday he expected Britain to go through with leaving the European Union after last month’s referendum and was concerned to limit the damage to the British, European and global economies from the move.As a friend, ally and trading partner of Britain and of the EU, he said Washington wanted to see an orderly negotiating process and as close a relationship as possible in future.
  • As China’s medical bills rise steeply, outpacing government insurance provision, patients and their families are increasingly turning to loans to pay for healthcare, adding to the country’s growing burden of consumer debt.While public health insurance reaches nearly all of China’s 1.4 billion people, its coverage is basic, leaving patients liable for about half of total healthcare spending, with the proportion rising further for serious or chronic diseases such as cancer and diabetes.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1370 TARGET 1375 1381 SL BELOW 1365
  • SELL GOLD BELOW 1360 TARGET 1355 1349 SL ABOVE 1365

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

11Jul
forex-trading3

IForex Market Trading Signals and News – 11 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD posts rare win, as dollar wavers after stellar jobs report
  • Forex -Dollar remains broadly higher, U.S. data supports
  • Forex – USD/CAD near 2-week highs after U.S., Canadian jobs data

EUR/USD
EUR/USD has posted slight losses on Friday, following modest losses in the Thursday session. The pair is slightly below the 1.11 level. On the release front, German Trade Balance slipped in May but was within expectations. Next up is French Industrial Production. Over in the US, employment data will be in the spotlight with three key events, highlighted by Nonfarm Employment Change. US employment numbers looked sharp on Thursday. ADP Nonfarm Employment Change was almost unchanged in June, with a reading of 172 thousand. This figure was well above the forecast of 158 thousand. This was followed by a solid unemployment claims release, as the indicator dropped to 254 thousand, marking an 11- week low. A strong release would confirm that the labor market is improving and job creation is gaining steam.

GBP/USD
GBP/USD posted modest gains on Friday to post a rare winning session, as the dollar wavered throughout a choppy day of trading after reports showed that the U.S. labor market added the highest number of jobs in June in nearly 10 months.The currency pair wavered between 1.2881 and 1.3018, before settling at 1.2952, up 0.0046 or 0.36% on the session. With the slight gains, the British Pound recorded just its fourth winning session since voters in the U.K. surprisingly backed a referendum last month paving the way for a departure from the E.U.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3055 TGT 1.3075 1.3105 SL 1.3025
  • SELL GBP/USD BELOW 1.2935 TGT 1.2915 1.2885 SL 1.2905

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

11Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 11 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.84 points or 0.59% lower to 2845.33, taking the year-to-date performance to -1.30%.The top active stocks today were SingTel, which declined 0.72%, UOB, which declined 0.17%, DBS, which gained 0.13%, OCBC Bank, which declined 0.57% and Noble, with an 8.15% fall.
  • The FTSE ST Mid Cap Index declined 0.62%, while the FTSE ST Small Cap Index declined 0.50%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.60%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 1.89% higher and 1.14% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.67%. Keppel Corp shares declined 1.80% and Sembcorp Industries declined 0.70%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.66%),Lyxor Asia 10 (unchanged),DBXT MSCI Taiwan ETF 10 (-1.59%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.61%),CapitaMall Trust (-0.46%),CapitaCom Trust (-1.62%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (-14.58%),HSI21400MBeCW160929 (-10.53%),HSI19400UBePW160929 (+6.54%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-2.50%),OCBC Bk MBeCW161004 (-6.58%),UOB MB eCW161031 (-5.33%).

STOCK RECOMMENDATION :

  • BUY G INVACOM ABOVE 0.122 TGT 0.130 0.140 SL 0.114

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