Daily Archives: July 20, 2016

20Jul
Forex Signals

IForex Market Trading Signals and News – 20 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Australian, New Zealand dollars slide on rate cut bets
  • Forex – Dollar slips vs yen on profit-taking; kiwi tumbles
  • Forex – Yen at 3 1/2-week low, kiwi tumbles after c.bank housing proposals

EUR/USD
EUR/USD is currently trading with a bullish bias. Euro continues to trade within it’s consolidation range, not going below 1.1034 or above 1.1165. As long as the pair trades within this range we look to trade reversals from either levels within the range. A break above this range will culminate into a possible bullish rally towards 1.1120 or even higher to 1.1165. A break below 1.1034 will lead to a momentum to the lower side but should not go beyond 1.0936. This pair should be traded alongside EUR/JPY, GBP/USD, GBP/CHF and GBP/JPY. These pairs have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a slight bearish bias. Yesterday, the cable made minor retracements to the upper side but could not close beyond 1.3344. This pair is is still pretty much bearish on the daily chart and will likely remain bearish for the better parts of this intraday. Thus, during this intraday, we expect a possible bearish price rally towards 1.2905 or even lower. This pair should be traded alongside GBP/JPY, GBP/CHF, NZD/USD and AUD/USD. These pairs have a strong positive correlation of up to +0.96 and will have similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3235 TGT 1.3255 1.3285 SL 1.3205
  • SELL GBP/USD BELOW 1.3165 TGT 1.3145 1.3105 SL 1.3195

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

20Jul

Comex Trading Signals and Market News – 20 July 2016

INTERNATIONAL COMMODITY NEWS :

  • The U.S. Federal Reserve on Tuesday awarded $82.27 billion of one-day, fixed-rate reverse repurchase agreements to 34 bidders at an interest rate of 0.25 percent, the New York Fed said on its website.The amount was the highest since July 6 when the Fed awarded $83.40 billion to 39 bidders.
  • Foreign exchange markets are not “disorderly” in the wake of Britain’s vote to leave the European Union and there is no need for the Group of 20 major economies to broadly agree to tame them, the International Monetary Fund’s chief economist said on Tuesday.A number of currencies have fallen sharply against the dollar since the June 23 EU referendum in Britain, including the pound, the euro and China’s yuan, while the yen has also seen more volatility as well.
  • Relying on the European Union’s securities rules to allow banks access to the single market after Britain leaves the bloc was not a “sweeping solution”, Bank of England Deputy Governor Sam Woods said on Tuesday.Banks want to maintain their “passporting” rights to the EU after Brexit so they can continue to offer their services to customers on the continent from London.

ECONOMY NEWS :

  • The U.S. Federal Reserve on Tuesday awarded $82.27 billion of one-day, fixed-rate reverse repurchase agreements to 34 bidders at an interest rate of 0.25 percent, the New York Fed said on its website.The amount was the highest since July 6 when the Fed awarded $83.40 billion to 39 bidders.
  • Foreign exchange markets are not “disorderly” in the wake of Britain’s vote to leave the European Union and there is no need for the Group of 20 major economies to broadly agree to tame them, the International Monetary Fund’s chief economist said on Tuesday.A number of currencies have fallen sharply against the dollar since the June 23 EU referendum in Britain, including the pound, the euro and China’s yuan, while the yen has also seen more volatility as well.
  • Relying on the European Union’s securities rules to allow banks access to the single market after Britain leaves the bloc was not a “sweeping solution”, Bank of England Deputy Governor Sam Woods said on Tuesday.Banks want to maintain their “passporting” rights to the EU after Brexit so they can continue to offer their services to customers on the continent from London.

TRADING STRATEGY :

  • SELL GOLD BELOW 1330 TGT 1325-1317 SL ABOVE 1338
  • BUY GOLD ABOVE 1340 TGT 1345-1355 SL BELOW 1332

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

20Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 20 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 9.22 points or 0.31% lower to 2919.54, taking the year-to-date performance to +1.28%.
  • The top active stocks today were Singtel, which closed unchanged, DBS, which declined 0.37%, SPH, which declined 2.08%, OCBC Bank, which declined 0.78% and ThaiBev, with a 2.60% advance.
  • The FTSE ST Mid Cap Index declined 0.84%, while the FTSE ST Small Cap Index declined 0.46%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.88%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – remained unchanged and +2.60% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 3.38%. Silverlake Axis shares declined – 5.00% and CSE Global remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-1.01%), SPDR Gold Shares (+0.45%), iShares USD Asia HY Bond ETF (-0.09%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.40%), CapitaLand Commercial Trust (-0.63%), CapitaLand Mall Trust (-0.46%).
  • The most active index warrants by value today were : HSI23800UBeCW161229 (-3.16%), HSI22400UBeCW161028 (-5.36%), HSI20400MBePW160830 (+6.90%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-7.14%), OCBC Bk MBeCW170118 (unchanged), UOB MB eCW161130 (-5.88%).

STOCK RECOMMENDATION :

  • BUY GSH ABOVE 0.325 TGT 0.345 00.365 SL 0.305

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

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