Daily Archives: August 1, 2016

1Aug

Comex Trading Signals and Market News – 01 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the energy commodity tracking weakness overseas where prices fell on profit taking after a stellar rally in the previous session.The fuel had rallied 8 per cent in the international market on Thursday after a smaller than expected build in US storage levels signaled a pickup in demand for the fuel in the world’s biggest gas consuming nation.
  • Gold prices held steady at three-week highs on Friday, as the Bank of Japan’s stimulus measures disappointed market expectations and as the Federal Reserve’s decision to leave its monetary policy unchanged continued to support. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were little changed at $1,341.75.The August contract ended Thursday’s session 0.50% higher at $1,341.20 an ounce.
  • U.S. oil futures fell to fresh three-month lows on Friday, as concerns over a global glut of oil and refined products continued to dominate sentiment.U.S. crude futures for September delivery dropped 0.80% to a three-month low of $40.83 a barrel. On the ICE Futures Exchange in London, the October Brent contract tumbled 0.99% to $42.80 a barrel, the lowest since April.

ECONOMY NEWS :

  • The euro zone’s biggest banks would fare better in case of stress than two years ago as they have amassed capital and made headway in fixing their balance sheets, the European Central Bank said on Friday after a stress test of the bloc’s 37 biggest banks.The banks entered the test with an average Common Equity Tier 1 capital ratio of 13 percent, above the 11.2 percent two years ago, and would still hold a 9.1 percent capital ratio in case of an adverse scenario, above the 8.6 percent seen in 2014, the ECB said.
  • Dallas Federal Reserve Bank President Robert Kaplan said on Friday that the U.S. economy is making slow progress toward meeting the central bank’s objectives.”I’d say we are making slow but … sluggish progress to meeting our objectives,” Kaplan told a community bankers association in New Mexico.The Fed has a dual mandate of full employment and an inflation target of 2 percent.
  • Italian bank Monte dei Paschi di Siena has secured underwriters to back a turnaround plan involving the sale of 9.2 billion euros ($10.3 billion) in bad loans and a 5 billion euros capital increase, the lender said in a statement on Friday. The country’s third-largest lender said it had signed a pre-underwriting agreement with a consortium of Italian and international banks for the capital raising, and that a state-backed banking bailout fund, Atlante, had agreed to underwrite the sale of a portion of the bank’s riskier bad debts.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1355 TARGET 1360 1366 SL BELOW 1350
  • SELL GOLD BELOW 1351 TARGET 1346 1340 SL ABOVE 1356

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

1Aug
forex-market-hours

IForex Market Trading Signals and News – 01 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – EUR/USD gains some ground after E.Z. inflation report
  • Forex – GBP/USD edges higher on upbeat U.K. data
  • Forex – USD/JPY tumbles over 1% after BoJ stimulus disappoints

EUR/USD
The euro gained some ground against the U.S. dollar on Friday, after the release of positive euro zone inflation data and as the Federal Reserve’s inaction at its latest policy meeting continued to dampen demand for the greenback.EUR/USD 1.1103 during late European morning trade, the session high; the pair subsequently consolidated at 1.1096, up 0.17%. The pair was likely to find support at 1.1046, Thursday’s low and resistance at 1.1150, the high of July 15.In a preliminary report, Eurostat said on Friday that the euro zone’s consumer price index rose at an annualized rate of 0.2% in July, exceeding expectations for a 0.1% uptick and after a 0.1% gain the previous month.Core CPI, which excludes food, energy, alcohol and tobacco, increased by 0.9% last month, year-on-year, in line with expectations.

GBP/USD
The pound edged higher against the U.S. dollar on Friday, supported by the release of upbeat U.K. data and as the Federal Reserve’s decision this week to leave its monetary policy unchanged continued to weigh on the greenback.GBP/USD hit 1.3214 during European morning trade, the session high; the pair subsequently consolidated at 1.3188, adding 0.19%. Cable was likely to find support at 1.3055, the low of July 26 and resistance at 1.3293, th high of July 22. The Bank of England reported on Friday that net lending to individuals rose to £5.2 billion in June from £4.5 billion inMay, whose figure was upwardly revised from a previously estimated £4.3 billion.Analysts had expected net lending to individuals to rise to hit £4.2 billion last month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3200 TARGET1.3220 1.3250 SL 1.3170
  • SELL GBP/USD BELOW 1.3165 TARGET 1.3145 1.3115 SL 1.3135

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

1Aug
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 49.93 points or 1.71% lower to 2868.69, taking the year-to-date performance to – 0.49%.
  • The top active stocks today were DBS, which declined 2.96%, Singtel, which declined 2.56%, UOB, which declined 2.67%, OCBC Bank, which declined 2.27% and Ascendas REIT, with a 3.16% fall.
  • The FTSE ST Mid Cap Index declined 0.92%, while the FTSE ST Small Cap Index declined 0.59%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.22%
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings – remained unchanged and ended 0.80% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.43%. Singtel shares declined 2.56% and StarHub declined 0.76%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : iShares USD Asia Bond ETF (+0.09%) ,ORD ETF (-2.70%) ,IS MSCI India (+6.48%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-3.16%), CapitaLand Monkeys (unchanged) ,Mapletree Com Trust (+1.60%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (-15.00%), HSI22400UBeCW161028 (-24.24%) ,HSI22200MBeCW160929 (-19.18%)
  • The most active stock warrants by value today were : TQH MB eCW161031 (-26.32%), UOB MB eCW161031 (-18.99%), DBS MB ePW161003 (+34.78%).

STOCK RECOMMENDATION :

  • BUY DUTECH ABOVE 0.460 TGT 0.480 0.500 SL 0.440

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

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