Daily Archives: July 13, 2016

13Jul

IForex Market Trading Signals and News – 13 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen hit by Japan stimulus hopes, sterling up 1%
  • Forex – Aussie, kiwi climb vs. greenback in late trade
  • Forex – Aussie gains in Asia as NAB survey shows business pickup

EUR/USD
EUR/USD is currently trading with a bullish bias. As previously forecasted, the pair continues to trade within the consolidation zone 1.1167-1.1034. As long as the pair trades within this consolidation, we expect to trade reversals within the range. A breakout above 1.1167 will lead to a possible bullish price movements towards 1.1267 while a breakout below 1.1034 will culminate into a possible bearish price rally towards 1.0935. This pair should be traded alongside GBP/USD, GBP/CHF, and EUR/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a bullish bias. The cable continues to retrace to the upper side, we expect the current upward rally to be a mere retracement and should not go beyond 1.3491. Thus, during this intraday, we anticipate a possible bullish price rally towards 1.3224 or even higher to 1.3491. This pair should be traded alongside EUR/USD, GBP/CHF, GBP/JPY, EUR/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3180 TGT 1.3200 1.3230 SL 1.3150
  • SELL GBP/USD BELOW 1.3170 TGT 1.3150 1.3120 SL 1.3200

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13Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 13 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 25.68 points or 0.89% higher to 2901.82, taking the year-to-date performance to +0.66%.The top active stocks today were SingTel, which gained 1.89%, DBS, which gained 0.38%, UOB, which gained 0.93%, Noble, which gained6.10% and OCBC Bank, with a 0.80% advance.
  • The FTSE ST Mid Cap Index gained 1.03%, while the FTSE ST Small Cap Index rose 0.52%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.92%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 3.60% higher and 2.22% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 0.21%. Keppel Infrastructure Trust shares declined 0.98% and SIIC Environment Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.85%),STI ETF (+0.69%),SPDR Gold Shares (-0.27%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.64%),CapitaMall Trust (-0.46%),Suntec REIT (unchanged).
  • The most active index warrants by value today were : HSI20800MBePW160728 (-38.10%),HSI19400UBePW160929 (-13.83%),HSI23800UBeCW161229 (+12.07%).
  • The most active stock warrants by value today were : DBS MB eCW161031 (unchanged),OCBC Bk MBeCW161004 (+6.85%),DBS MB ePW161003 (-3.39%).

STOCK RECOMMENDATION :

  • BUY ALLIANCE MINERAL ABOVE 0.087 TGT 0.092 0.097 SL 0.083

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

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