Daily Archives: August 5, 2016

5Aug

Comex Trading Signals and Market News – 05 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices edged lower in European trade on Thursday, after rallying more than 3% overnight after a larger-than- expected gasoline draw eased concerns about global supply glut.Crude oil for September delivery on the New York Mercantile Exchange dipped 7 cents, or 0.14%, to trade at $40.78 a barrel by 07:52GMT, or 3:52AM ET.A day earlier, New York-traded oil jumped $1.32, or 3.34%, after data showed that gasoline supplies in the U.S. fell sharply last week, offsetting a surprise build in crude stockpiles.
  • Gold prices added to overnight losses in European trade on Thursday, as the U.S. dollar strengthened with investors focused on the Bank of England’s policy announcement later in the session.The BOE will release its rate decision, minutes of its Monetary Policy Committee meeting and its quarterly inflation report at 11:00GMT, or 07:00AM ET, on Thursday.
  • Nickel futures tumbled by more than 2 per cent during noon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for nickel from alloy-makers in the spot market. Mixed US economic data signaled an uncertain demand outlook for metals as services activity cooled in July but private employment growth was stronger.

ECONOMY NEWS :

  • The Bank of England cut interest rates on Thursday for the first time since 2009, revived its bond-buying programme and said it would take “whatever action is necessary” to achieve stability in the wake of Britain’s vote to leave the European Union. The central bank said it expected the economy to stagnate for the rest of 2016 and suffer weak growth throughout next year. It cut its main lending rate to a record low 0.25 percent from 0.5 percent, in line with market expectations.
  • U.S. municipal bond funds reported $783.9 million of net inflows in the week ended Aug. 3, compared with $782.9 million in inflows in the previous week, according to data released by Lipper on Thursday.The four-week moving average remained positive at $950.7 million, said Lipper, a unit of Thomson Reuters.
  • China’s economic growth target appears to have meant higher levels of debt to GDP for the country, Dallas Federal Reserve Bank President Robert Kaplan said on Thursday in Shanghai.Kaplan said on Tuesday in Beijing that he is monitoring how slowing growth, high levels of overcapacity and high levels of debt to gross domestic product (GDP) in major economies outside the United States might be impacting economic conditions in the U.S.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1365 TARGET 1370 1376 SL BELOW 1360
  • SELL GOLD BELOW 1358 TARGET 1353 1347 SL ABOVE 1363

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

5Aug

IForex Market Trading Signals and News – 05 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling hits day’s lows after BoE cuts rates, up QE
  • Forex – GBP/USD slips lower ahead of BoE decision
  • Forex – Aussie edges higher, kiwi holds steady vs. greenback

EUR/USD
EUR/USD is currently trading with a bearish bias. Yesterday, instead of going long as previously forecasted, the pair rallied to the lower side and ended up closing below a key support level 1.1159. Although we expect further movements to the lower side, we are waiting for minor retracements to the upper side to give us low risk sell opportunities. This view remains valid as long as the pair trades below 1.1159, a clear breakout above this level may invalidated the anticipated upward rally. Trade Euro alongside EUR/HKD, GBP/USD and AUD/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 slipped lower against the U.S. dollar on Thursday, as investors remained cautious ahead of the Bank of England’s policy decision, due later in the day, amid mounting expectations for a rate cut.GBP/USD hit 1.3279 during European morning trade, the session low; the pair subsequently consolidated at 1.3301, shedding 0.18%.Cable was likely to find support at 1.3169, the low of August 2 and resistance at 1.3480, the high of July 15.The BoE was expected to lower interest rates by 25 basis points later Thursday, as a string of downbeat economic reports from the U.K. recently sparked concerns over the outlook for growth.Meanwhile, the dollar remained mildly supported after payroll processor ADP said on Wednesday that the U.S. private sector added 179,000 jobs last month, surpassing expectations for an increase of 170,000.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3360 TGT 1.3380 1.3410 SL 1.3330
  • SELL GBP/USD BELOW 1.3060 TGT 1.3030 1.3000 SL 1.3090

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

5Aug
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2.96 points or 0.1% higher to 2830.54, taking the year-to-date performance to – 1.81%.
  • The top active stocks today were Singtel, which gained 0.49%, DBS, which declined 0.33%, Noble, which gained 9.85%, OCBC Bank, which declined 0.48% and Jardine Strategic Holdings, with a 0.69% advance.
  • The FTSE ST Mid Cap Index gained 0.19%, while the FTSE ST Small Cap Index declined 0.02%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 0.57%.
  • The two biggest stocks of the Index – Singtel and StarHub – ended 0.49% higher and 1.03% higher respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 1.33%. Wilmar International shares declined 0.66%and Thai Beverage declined 2.38%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.70%) ,SPDR Gold Shares (-0.99%) ,DBXT MSCI Asia Ex Japan ETF (unchanged).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.44%) ,CapitaLand Mall Trust (+1.42%) ,Mapletree Com Trust (-0.33%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+3.33%) ,HSI22400UBeCW161028 (+3.45%) ,HSI23000MBeCW160929 (+7.02%)
  • The most active stock warrants by value today were : OCBC Bk MB ePW161227 (+1.43%) ,DBS MB ePW161201 (-0.74%) ,UOB MB eCW161031 (+1.92%)

STOCK RECOMMENDATION :

  • BUY ALLIANCE MINIRAL ABOVE 0.086 TARGET 0.090 0.095 SL 0.080

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

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