Daily Archives: August 11, 2016

11Aug
forex-trading3

IForex Market Trading Signals and News – 11 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie and kiwi gain ground, eyes on RBNZ meeting
  • Forex – Aussie, yen hold gains in Asia on machinery orders, sentiment
  • Forex – Yen, Aussie rebound in Asia on machinery orders, consumer views

EUR/USD
EUR/USD is currently trading with a declining Bullish bias. Yesterday, the pair rebounded from a key support level 1.1073, headed perfectly long as previously forecasted but is currently finding it hard to break above a key supply zone 1.1147-1.1157. We expect a possible bearish rebound from this zone to go short while a clear breakout above 1.1157 may invalidate the anticipated downward rally. This pair should be traded alongside EUR/HKD, GBP/USD, NZD/USD and AUD/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action duing this intraday.

GBP/USD
GBP/USD is currently trading with slight bearish bias. Earlier today, the pair found a key support around 1.2997, headed long but is yet to reach our target resistance level 1.3099. We expect to continue long up to 1.3099 or even higher to 1.3228. However, as long as the current descending channel protects the upper side, we expect a continuation of the downward rally that began on Thursday the previous week. This pair should be traded alongside GBP/CHF, GBP/JPY, GBP/CAD 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 1.3095 TGT 1.3115 1.3145 SL 1.3065
  • SELL GBP/USD BELOW 1.2970 TGT 1.2950 1.2920 SL 1.3000

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

11Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 11 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4.79 points or 0.17% higher to 2875.57, taking the year-to-date performance to – 0.25%.
  • The top active stocks today were DBS, which declined 0.40%, Singtel, which gained closed unchanged, OCBC Bank, which declined 0.12%, UOB, which declined 0.06% and Ascendas REIT, which closed unchanged.
  • The FTSE ST Mid Cap Index gained 0.57%, while the FTSE ST Small Cap Index rose 0.19%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.09%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 2.61% higher and 2.20% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 0.54%. Keppel Corp shares and Sembcorp Industries remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were: DBXT MSCI Thailand TRN ETF (+1.59%) ,SPDR Gold Shares (+1.61%) ,STI ETF (+0.35%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged) ,CapitaLand Mall Trust (-0.91%) ,CapitaLand Commercial Trust (+0.64%)
  • The most active index warrants by value today were : HSI22800VTeCW160929 (-4.55%) ,HSI23800UBeCW161229 (-7.38%) ,HSI23000MBeCW160929 (-6.32%)
  • The most active stock warrants by value today were : DBS MB eCW170201 (unchanged) ,UOB VT eCW161212 (-7.27%) ,DBS VT eCW161212 (-8.62%)

STOCK RECOMMENDATION :

  • BUY WEE HUR ABOVE 0.270 TGT 0.285 0.300 SL 0.255

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.