Daily Archives: August 9, 2016

9Aug

Comex Trading Signals and Market News – 09 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices struggled in North American trade on Monday, touching a one-week low after the latest U.S.employment report bolstered expectations of faster economic growth and revived speculation that the Federal Reserve will raise interest rates this year.Gold for December delivery on the Comex division of the New York Mercantile Exchange fell to a session low of $1,335.30 a troy ounce, the weakest since July 29. It was last at $1,341.25 by 12:52GMT, or 8:52AM ET, down $3.15, or 0.23%.
  • Oil prices rallied in European trade on Monday, as renewed hopes for an agreement among exporters to freeze output underpinned the market, although a persistent global oversupply kept gains in check.Several OPEC members want to revive the idea of setting new limits on oil production this fall in an effort to stabilize the market, according to people familiar with the matter.
  • Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for silver as an alternative asset. Stronger greenback makes the shiny metal more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS :

  • Bank of England policymaker Ian McCafferty said more quantitative easing was likely to be required if the U.K.’s economic decline worsens, the Times reported on Tuesday.”Bank rate can be cut further, closer to zero, and quantitative easing can be stepped up”, McCafferty wrote in an op-ed for the Times.
  • Fannie Mae and Freddie Mac, two government-controlled housing finance agencies, would need a big cash injection to weather another financial meltdown, a government regulator said on Monday.Fannie and Freddie would need as much as $126 billion in taxpayer funds to come through a serious downturn, according to a ‘stress test’ from the Federal Housing Finance Agency.
  • Atlante, the fund set up to rescue Italian banks, has already raised more than the 1.6 billion euros ($1.8 billion) it has pledged to buy part of the bad loan portfolio of troubled lender Banca Monte dei Paschi di Siena.Problem loans totaling around 360 billion euros after a three-year recession have become the focus of investor concerns over Italian banks, weighing heavily on their shares and proving a long-lasting headache for the government.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1334 TARGET 1339 1345 SL BELOW 1329
  • SELL GOLD BELOW 1329 TARGET 1324 1318 SL ABOVE 1334

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

9Aug

IForex Market Trading Signals and News – 09 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie holds steady, kiwi slides lower vs. greenback
  • Forex – Aussie, yen weaker after regional trade figures disappoint
  • Forex – Yen holds weaker as Japan trade surplus narrower than seen

EUR/USD
EUR/USD is currently trading with a bearish bias. During the NFP’s results release, Euro markets plunged down to the lower side and is still petty much bearish. We expect a possible bearish price rally towards 1.1047 or even lower. The anticipated downward rally can only be declared valid in case the pair clearly break below 1.1073. A breakout below this level will give us the green light to go short with an ideal target at 1.0959. This pair should be traded alongside NZD/USD, GBP/USD and AUD/USD. These pairs have a strong positive correlation of up to +0.86 and will have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a slight bullish bias. During the previous trading day on Friday, the Cable made a lower low following the NFP’s results release and is still pretty much bearish on the daily chart. During this intraday, we expect further movements to the loweride with the next target at 1.2902 or even lower. This pair should be traded alongside GBP/CAD, GBP/NZD, GBP/JPY, and GBP/AUD. These pairs have a strong positive correlation of up to +0.86 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3100 TGT 1.3120 1.3150 SL 1.3070
  • SELL GBP/USD BELOW 1.3020 TGT 1.3000 1.2980 SL 1.2950

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

9Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 42.61 points or 1.51% higher to 2870.78, taking the year-to-date performance to – 0.41%.
  • The top active stocks today were Singtel, which gained 3.19%, DBS, which gained 1.42%, UOB, which gained 0.73%, OCBC Bank, which gained 2.17% and ComfortDelGro, with a 2.87% advance.
  • The FTSE ST Mid Cap Index gained 0.02%, while the FTSE ST Small Cap Index rose 0.06%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.80%.
  • The two biggest stocks of the Index – Singtel and StarHub – ended 3.19% higher and 1.27% lower respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 1.17%. Raffles Medical Group shares declined 1.30%and Riverstone Holdings declined 1.12%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Indonesia ETF (+1.83%) ,SPDR Gold Shares (-2.27%) ,IS MSCI India (+1.79%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : CapitaLand Mall Trust (+2.80%) ,Ascendas REIT (-0.81%) ,CapitaLand Commercial Trust (+1.96%).
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+16.19%) ,HSI22400UBeCW161028 (+24.55%) ,HSI23000MBeCW160929 (+25.00%)
  • The most active stock warrants by value today were : DBS MB ePW161201 (-8.22%) ,UOB MB eCW161031 (+6.00%) ,UOB MB ePW161201 (-5.00%).

STOCK RECOMMENDATION :

  • BUY CHIWAYLAND INTL ABOVE 0.127 TGT 0.137 0.147 SL 0.117

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

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