Daily Archives: July 14, 2016

14Jul

Comex Trading Signals and Market News – 14 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Aluminium futures were trading higher during the afternoon trade in the domestic market on Wednesday as speculators widened their bets amid increase in physical demand for aluminium in the domestic spot market after improving risk appetite on stronge US jobs data and hopes of more monetary stimulus from the central banks.
  • Copper futures jumped by more than 1.5 per cent during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal as expectations of global economic stimulus and geographical uncertainty surrounding the South China Sea after an international tribunal’s ruling that China had no territorial claims to it boosted the demand for the raw material.
  • Silver futures rallied by more than 1 per cent during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal tracking a bullish trend in the overseas market amid speculation of increased policy losing across the globe in the wake of Brexit bolstering the lure for the bullion a hedge against the inflationary risk of monetary stimulus.

ECONOMY NEWS :

  • Sterling’s plunge since Britain voted to leave the European Union was the biggest in more than 40 years, but its boost to UK exports may well be far less than after similar tumbles in 1992 and 2008.A fragile world economy, more complex world supply chains and near-zero Bank of England interest rates mean Britain may be less able to take advantage of its more competitive exchange rate.
  • Brazil’s lower congressional house passed a plan late on Tuesday to allow workers to use part of their severance benefit as collateral for loans in a bid to rekindle demand for credit in the recession-stricken economy.The measure aims to unleash billions of reais in new so-called payroll deductible loans using severance from the FGTS compulsory savings program as a guarantee.
  • Britain’s economic prospects will improve after Brexit, the founder of pubs group JD Wetherspoon (L:JDW) said on Wednesday, lashing out at the “irresponsible doom-mongering” of politicians, banks and company bosses in the run up to the referendum.Tim Martin, who chairs the company, was a prominent campaigner for Britain to leave the European Union, appearing in television debates before the June 23 vote and distributing half a million beer mats challenging statistics used by the government.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1344 TARGET 1349 1355 SL BELOW 1339
  • SELL GOLD BELOW 1336 TARGET 1331 1325 SL ABOVE 1341

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

14Jul

IForex Market Trading Signals and News – 14 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar slips lower amid stimulus speculation
  • Forex -Sterling firm with eyes on new prime minister’s Brexit view
  • Forex – Aussie, kiwi move lower amid profit taking

EUR/USD
EUR/USD has posted small gains on Wednesday, as the pair continues to drift this week. The pair is trading at 1.1080. It’s another light day on the release front, as the markets look for economic cues for guidance. In the Eurozone, French Final CPI posted a small gain of 0.1 percent, close to the estimate. Eurozone Industrial Production posted a sharp drop of 1.2 percent, below expectations. In the US, today’s highlight is Crude Oil Inventories, with the estimate standing at -2.3 million barrels. On Thursday, the US will release two key events – PPI and Unemployment Claims.

GBP/USD
GBPUSD closed above 1.320 resistance yesterday and any dips could be supported above this level now. Establishing a base at 1.32 could see GBPUSD extend its gains towards 1.34 which marks a retest of the resistance level between 1.34 and 1.3420. The falling wedge shows a continuation to the upside with the main target at 1.3677 – 1.380. Extending the gains here could be seen as filling the gap as well as an establishing resistance at this level which could confirm renewed downside in the medium term.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3345 TGT 1.3365 1.3395 SL 1.3315
  • SELL GBP/USD BELOW 1.3525 TGT 1.3505 1.3475 SL 1.3555

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

14Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 14 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 8.83 points or 0.3% higher to 2910.65, taking the year-to-date performance to +0.97%.The top active stocks today were SingTel, which declined 1.16%, DBS, which gained 0.88%, ComfortDelGro, which gained 3.51%, UOB, which gained 0.54% and OCBC Bank, with a 0.34% advance.
  • The FTSE ST Mid Cap Index gained 0.18%, while the FTSE ST Small Cap Index rose 0.17%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 1.05%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties – ended 0.82% higher and 0.27% lower respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.02%. SingTel shares declined 1.16% and StarHub improved 0.26%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.28%),SPDR Gold Shares (-1.04%),STI ETF (+0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : CapitaCom Trust (-0.65%),Ascendas REIT (-1.21%),CapitaMall Trust (-0.46%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+18.46%),HSI21400MBeCW160728 (-8.00%),HSI20400MBePW160830 (-5.26%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+5.95%),OCBC Bk MBeCW161004 (+1.28%),DBS MB ePW161003 (-10.53%).

STOCK RECOMMENDATION :

  • BUY NOBLE AT 0.160 TARGET 0.170 0.180 SL 0.150

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

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