Monthly Archives: July 2016

5Jul
forex-trading3

IForex Market Trading Signals and News – 05 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar edges higher vs. rivals in cautious trade
  • Forex – GBP/USD holds steady near record lows after U.K. PMI
  • Forex – Aussie, kiwi rise despite Australian political uncertainty, data

EUR/USD
EUR/USD is currently trading with a bullish. During the previous trading day on 1st July, wave [c] traded long as previously forecasted and even hit our target resistance level 1.1167. During this intraday, we expect a possible bearish reversal from this level to go short, while a clear breakout above this target will lead to an upward momentum towards 1.1276. This pairs should be traded alongside EUR/JPY, NZD/USD and GBP/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

GBP/USD
The pound held steady against its the U.S. dollar on Monday, still hovering close to 31- year lows after data showing that U.K. construction activity entered contraction territory last month added to fears over a slowdown in Britain after the Brexit vote.Trading volumes were expected to remain thin with U.S. markets closed for Independence Day.GBP/USD hit 1.3254 during European morning trade, the session low; the pair subsequently consolidated at 1.3262.Cable was likely to find support at 1.3195, the low of June 28 and resistance at 1.3350, Friday’s high.Research firm Markit and the Chartered Institute of Purchasing & Supply said their U.K. construction purchasing managers’ index fell to 46.0 in June from May’s reading of 51.2. Economists had expected the index to drop to 50.5 in June.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3310 TGT 1.3330 1.3360 SL 1.3280
  • SELL GBP/USD BELOW 1.3205 TGT 1.3185 1.3155 SL 1.3235

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

5Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 05 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.44 points or 0.19% higher to 2846.37, taking the year-to-date performance to -1.26%.The top active stocks today were SingTel, which gained 0.24%, DBS, which declined 0.38%, OCBC Bank, which gained 0.69%, UOB, which gained 0.54% and CapitaLand, with a 0.33% advance.
  • The FTSE ST Mid Cap Index gained 0.53%, while the FTSE ST Small Cap Index rose 0.17%. The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 1.98%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 2.02% higher and 3.23% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.74%. Midas Holdingsshares declined 1.92% and Geo Energy Resources increased 0.89%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : CIMB FTSE Asean40 100 (unchanged),SPDR Gold Shares (+1.31%),STI ETF (+0.35%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.81%),Capitacom Trust (+1.70%),Capitamall Trust (+1.88%)
  • The most active index warrants by value today were : S&P 2020MBePW160916 (-8.46%),STI 2800MBeCW161031 (+2.70%),S&P 2120MBeCW160916 (+77.27%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-5.62%),OCBC Bk MBeCW161004 (+5.88%),UOB MB eCW161031 (+5.95%)

STOCK RECOMMENDATION :

  • BUY COSCO ABOVE 0.320 TGT 0.340 0.360 SL 0.300

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

4Jul

Comex Trading Signals and Market News – 04 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Lead futures jumped by more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for lead from battery-makers in the domestic spot market.Worries over the fallout of Brexit on the global economy eased after central banks pledged to support financial markets by signaling looser monetary policy improving metal demand outlook.
  • Gold prices jumped over 1% on Friday, still hovering close to the previous week’s 27-month highs as continued uncertainty following the Brexit vote and concerns over a slowdown in China lent support to the safe-haven precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery rallied 1.08% to $1,334.90.The August contract ended Thursday’s session 0.47% lower at $1,320.60 an ounce.
  • Natural Gas futures climbed during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity after a smaller than expected US stockpile build last week signaled a pickup in demand for the power plant fuel in the world’s biggest gas consuming nation.

ECONOMY NEWS :

  • China’s central bank said on Friday it injected a total of 210.72 billion yuan ($31.7 billion) via short- and medium-term liquidity facilities in June to help support credit growth and the economy.June liquidity injections, however, were down 27.5 percent from May, data showed.The People’s Bank of China (PBOC) said in a statement on its website it injected 208 billion yuan to financial institutions via its medium-term lending facility (MLF) in June.
  • Central banks are closely monitoring the impact on markets of Britain’s decision to leave the European Union
    and stand ready to intervene if financial stability is threatened, ECB Executive Council member Benoit Coeure
    told Le Monde on Friday.Coeure said it was urgent now to clarify the calendar for Britain’s exit from the EU
    because prolonged uncertainty would have an economic cost, first of all for Britain but also for the EU.
  • The euro zone’s economy is recovering but still faces a number of risks, including the fallout from Britain’s vote to leave the European Union, the European Central Bank’s chief economist said on Friday.”The ongoing recovery has shown signs of strengthening,” Peter Praet said in remarks prepared for a speech in London. “And the ECB is determined to continue playing its pivotal role in consolidating the upswing in the economic cycle.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1338 TARGET 1343 1349 SL 1333
  • SELL GOLD BELOW 1328 TARGET 1323 1317 SL 1333

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

4Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.44 points or 0.19% higher to 2846.37, taking the year-to-date performance to -1.26%.The top active stocks today were SingTel, which gained 0.24%, DBS, which declined 0.38%, OCBC Bank, which gained 0.69%, UOB, which gained 0.54% and CapitaLand, with a 0.33% advance.
  • The FTSE ST Mid Cap Index gained 0.53%, while the FTSE ST Small Cap Index rose 0.17%. The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 1.98%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 2.02% higher and 3.23% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.74%. Midas Holdings shares declined 1.92% and Geo Energy Resources increased 0.89%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : CIMB FTSE Asean40 100 (unchanged),SPDR Gold Shares (+1.31%),STI ETF (+0.35%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.81%),Capitacom Trust (+1.70%),Capitamall Trust (+1.88%)
  • The most active index warrants by value today were : S&P 2020MBePW160916 (-8.46%),STI 2800MBeCW161031 (+2.70%),S&P 2120MBeCW160916 (+77.27%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-5.62%),OCBC Bk MBeCW161004 (+5.88%),UOB MB eCW161031 (+5.95%).

STOCK RECOMMENDATION :

  • BUY CHIWAYLAND ABOVE 0.113 TGT 0.119 0.123 SL 0.107

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

4Jul
forex-trading3

IForex Market Trading Signals and News – 04 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD almost unchanged after U.K. PMI report
  • Forex – Dollar moves lower against yen, gains vs. euro
  • Forex – Yen gains further in Asia with Caixin PMI down more than seen

EUR/USD
The dollar dropped against the yen and gained ground against the euro on Friday, as ongoing uncertainty following the Brexit vote and disappointing Chinese manufacturing activity data fuelled safe-haven demand.EUR/USD fell 0.29% to 1.1073.Markets continued to recover from Britain’s shock decision last week to leave the European Union.Bank of England Governor, Mark Carney, indicated on Thursday that more stimulus may be needed over the summer, sparking expectations for an upcoming rate cut.Meanwhile, market sentiment weakened after data showed that China’s Caixin manufacturing purchasing managers’ index fell to 48.6 in June from 49.2 the previous month, compared to expectations for a downtick to 49.1.

GBP/USD
The pound was almost unchanged against the U.S. dollar on Friday, despite the release of upbeat U.K. manufacturing data as uncertainty following the Brexit vote and news of a potential U.K. rate cut this summer limited sterling’s gains. GBP/USD hit 1.3350 during European morning trade, the session high; the pair subsequently consolidated at 1.3315. Cable was likely to find support at 1.3318, the low of June 27 and resistance at 1.3535, the high of June 29.Research group Markit said that its U.K. manufacturing purchasing manager’s index rose to 52.1 last month from a reading of 50.1 in May. That was its highest level since January 2016.Analysts had expected the index to drop back into contraction at 49.9 in May.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3345 TGT 1.3365 1.3375 SL 1.3315
  • SELL GBP/USD AROUND 1.3385-87 TGT 1.3365 1.3335 SL 1.3415

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

1Jul

Comex Trading Signals and Market News – 01 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain’s vote to leave the European Union last week.Returning Nigerian supply will put pressure on prices, Goldman Sachs (NYSE:GS) said, adding that outages caused by Canadian wildfires would virtually end by September.
  • Gold prices were lower in European trade on Thursday, reversing overnight gains, as worries about the U.K.’s shock decision to leave the European Union abated, dampening demand for safe-haven assets.Gold for August delivery on the Comex division of the New York Mercantile Exchange shed $8.50, or 0.64%, to trade at $1,318.30 a troy ounce by 06:55GMT, or 2:55AM ET.
  • Natural Gas futures advanced during late morning trade in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity as warm weather across most parts of the US bolstered the demand outlook for the power-plant fuel. Latest weather forecasting models called for hotter than normal temperatures across most parts of the contiguous US from July 8 through July 12 which may boost demand for gas-fired air conditioning at offices and homes.

ECONOMY NEWS :

  • The Federal Reserve provided just $2 million of liquidity to foreign central banks in the latest week via its swap lines, the New York Fed said on Thursday, and analysts said the minuscule pickup suggested little prolonged stress in global markets after Britain’s surprise vote to leave the European Union.”Today’s data shows no signs of any stress, despite the significant volatility in foreign exchange markets and others,” Jefferies & Co.’s money market strategist Tom Simons wrote in a research note.
  • St. Louis Federal Reserve Bank President James Bullard said on Thursday he was sticking with his view that the U.S. central bank needed to make a single increase to interest rates.I would stick with it for now because I don’t see Brexit having material impact on the U.S. over the next two years based on the data I have today,” Bullard told reporters after making a speech in London.
  • Growth in China’s manufacturing sector stalled in June, an official survey showed on Friday, adding to expectations that Beijing will have to roll out more stimulus soon to boost the sluggish economy.The official Purchasing Managers’ Index (PMI) eased to 50.0 in June, compared with 50.1 in May and right at the 50-point mark that separates growth from contraction on a monthly basis.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1320 TARGET 1325 1331 SL 1315
  • SELL GOLD BELOW 1312 TARGET 1307 1301 SL 1317

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

1Jul
forex-market-hours

IForex Market Trading Signals and News – 01 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD higher after U.K. GDP report
  • Forex – Aussie, kiwi decline vs. greenback in late trade
  • Forex – Yen gains in Asia despite weak industrial data, Aussie down

EUR/USD
EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded long and even hit our target resistance level 1.1118. This pair is still petty much bullish on the daily chart and may rally towards 1.1169. As long as the pair trades within the rising channel, we expect an acceleration to the upper side. The current downward rally on the daily chart is a mere pullback and should not go below 1.1064. This pair should be traded alongside NZD/USD, GBP/USD and AUD/ USD. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday.

GBP/USD
The pound was higher against the U.S. dollar on Thursday, after the release of U.K. economic growth data in line with expectations and as markets continued to recover from Britain’s decision to leave the European Union last week.GBP/USD hit 1/3494 during European morning trade, the session high; the pair subsequently consolidated at 1.3467, up 0.25%.Cable was likely to find support at 1.3288, Wednesday’s low and resistance at 1.3564, the high of June 27. The U.K. Office for National Statistics said gross domestic product expanded by 0.4% in the first quarter, unchanged in this final estimate and in line with expectations. The U.K.’s economy grew by 0.6% in the preceding quarter.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3530 TGT 1.3550 1.3580 SL 1.3500
  • SELL GBP/USD BELOW 1.3420 TGT 1.3400 1.3370 SL 1.3450

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

1Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 01 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 48.2 points or 1.73% higher to 2840.93, taking the year-to-date performance to -1.45%.
  • The top active stocks today were DBS, which gained 1.48%, SingTel, which gained 2.23%, OCBC Bank, which gained 2.36%, UOB, which gained 2.56% and CapitaLand, with a 1.99% advance.
  • The FTSE ST Mid Cap Index gained 1.03%, while the FTSE ST Small Cap Index rose 0.25%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 4.49%. The
    two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 6.19% higher and 1.12% lower respectively.
  • The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which rose 0.23%. Capita-
    Mall Trust shares declined2.29% and Ascendas REIT increased 0.81%.
  • The three most active Exchange Traded Funds (ETFs) by value today were :  IS MSCI India 100 (+2.21%), STI ETF (+1.41%), SPDR Gold Shares (-0.22%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.81%), Capitamall Trust (-2.29%), Suntec REIT (+1.43%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (+17.02%), HSI21600MBeCW161028 (+17.24%), HSI21400MBeCW160728 (+45.28%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW161004 (+11.48%), DBS MB eCW161031 (+11.25%), DBS MB ePW161003 (-12.82%).

STOCK RECOMMENDATION :

  • BUY RESOURCE PRIMA ABOVE 0.033 TGT 0.036 0.038 SL 0.031

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

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