Daily Archives: August 18, 2016

18Aug

Comex Trading Signals and Market News – 18 August 2016

INTERNATIONAL COMMODITY NEWS

  •  Oil prices were under pressure in European trade on Wednesday, falling from a five-week high as market players  awaited fresh weekly information on U.S. stockpiles of crude and refined products.The U.S. Energy Information Administration will release its weekly report on oil supplies at 10:30AM ET (14:30GMT) amid expectations for an increase of 522,000 barrels.
  • Gold prices edged lower in European trade on Wednesday, reversing overnight gains as market players looked ahead  to minutes of the Federal Reserve’s July policy meeting, which many feared could be more hawkish than the statement.Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $9.95, or 0.73%, to  trade at $1,346.95 a troy ounce by 3:05AM ET (07:05GMT), after rising $9.40, or 0.7%, on Tuesday.
  • Silver futures fell during noon trade in the domestic market on Wednesday 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 silver more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS

  • South Korea’s finance minister said the country is planning to oppose all kinds of trade protectionist moves through diplomatic measures, although he did not elaborate what actions Seoul may take.Finance Minister Yoo Il-ho said in an  opening speech at a regular government meeting that the global economy faces growing risks from increasing tendencies of trade protectionism, Brexit and the U.S. presidential election campaign.
  • With the U.S. Federal Reserve perhaps edging towards a September rate increase, St. Louis Federal Reserve president  James Bullard is sticking with his view that a single move is all that is needed for a long time to come, and it does not  have to happen anytime soon.Bullard said on Wednesday he did not put much weight on whether the central bank acts in September or even at all this year, given that he now thinks a single hike is all that is needed to maintain unemployment and inflation rates near the Fed’s target levels.
  • Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some  see a need to tighten policy soon, according to the minutes from the U.S. central bank’s July 26-27 policy meeting.The  minutes, which were released on Wednesday, showed that members of the rate-setting Federal Open Market Committee were generally upbeat about the U.S. economic outlook and labor market.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1358 TGT 1363 1368 SL 1353
  • SELL GOLD BELOW 1333 TGT 1328 1323 SL 1338

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

18Aug
index

IForex Market Trading Signals and News – 18 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slips lower despite U.K. data
  • Forex – Aussie, kiwi move lower despite upbeat economic reports
  • Forex – Aussie down as dollar gains on Fed views, Moody’s affirms AAA.

EUR/USD

EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded perfectly long as previously forecasted and even hit our target resistance level 1.1276. The previous day’s candle chart is still pretty much bullish and may push the price further to the upper side, in
the meantime we wait for minor downward pullbacks towards 1.1222 to give us potential low risk buy opportunities. This pair should be traded alongside EUR/HKD, GBP/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

GBP/USD

The pound slipped lower against the U.S. dollar on Wednesday, despite the release of up beat U.K. employment data as new hopes for an upcoming rate hike by the Federal Reserve boosted demand for the greenback.GBP/USD hit 1.3011 during European morning
trade, the session low; the pair subsequently consolidated at 1.3015, shedding 0.24%.Cable was likely to find support at 1.2871, Tuesday’s low and resistance at 1.3178,the high of August 5.The U.K. Office for National Statistics said the unemployment rate remained at 4.9% in the three months to June, in line with forecasts.The claimant count fell by 8,600 in July, compared to expectations for a increase of 9,500 people, and following an advance of 900 a month earlier.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3140 TGT 1.3160 1.3190 SL 1.3110.
  • SELL GBPUSD BELOW 1.2985 TGT 1.2965 1.2935 SL 1.3015.

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

18Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 Aug 2016

MARKET UPDATES :

  • The top active stocks today were DBS, which declined 0.41%, Singtel, which declined 1.41%, UOB, which gained 0.06%,
  • Jardine C&C, which gained 2.21% and Ascendas REIT, with a 0.41% advance.
  • The FTSE ST Mid Cap Index declined 0.30%, while the FTSE ST Small Cap Index declined 0.15%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.36%. The two biggeststocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – both remained unchanged.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.64%. Silverlake Axis shares declined 4.07% and CSE Global remained unchanged.

  • The three most active Exchange Traded Funds (ETFs) by value today were:IS MSCI India (-0.14%) ,STI ETF (-1.03%) ,DBXT MSCI Thailand TRN ETF (-0.73%)

  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (+0.41%) ,Mapletree Com Trust (+0.98%) ,CapitaLand Mall Trust (-0.92%)

  • The most active index warrants by value today were:HSI23800UBeCW161229(-7.25%),HSI23000MBeCW160929 (-15.70%) ,HSI22800VTeCW160929 (-10.15%)
  • The most active stock warrants by value today were: DBS MB eCW170201 (-4.59%) ,UOB MB eCW170201 (-3.80%) ,DBS MB ePW170201 (+1.65%).

STOCK RECOMMENDATION :

BUY WONG FONG IND ABOVE 0.310 TGT 0.325 0.340 SL 0.395

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