Daily Archives: August 29, 2016

29Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 19.28 points or 0.67% lower to 2857.65, taking the year-to-date performance to –
    0.87%.
  • The top active stocks today were Singtel, which declined 1.17%, DBS, which declined 1.11%, ComfortDelGro, which
    gained 0.71%, Global Logistic, which declined 2.11% and UOB, with a 0.17% fall.
  • The FTSE ST Mid Cap Index declined 0.43%, while the FTSE ST Small Cap Index declined 0.16%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.25%. The two biggest
    stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 0.45% higher and 1.28% higher
    respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.22%. Singtel shares declined 1.17% and StarHub declined 1.84%.
  • The three most active Exchange Traded Funds (ETFs) by value today were: SPDR Gold Shares ETF (-0.10%) ,DBXT MSCI Thailand TRN ETF (-0.15%) ,STI ETF (-0.69%)
  • The three most active Real Estate Investment Trusts (REITs) by value were: Ascendas REIT (+0.41%) ,CapitaLand Mall Trust (-0.92%) ,CapitaLand Commercial Trust (-0.32%)
  • The most active index warrants by value today were:
    HSI22800VTeCW160929 (+7.02%) HSI23800UBeCW161229 (+4.51%) HSI22400MBePW160929 (-10.47%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-5.51%) ,DBS MB ePW170201 (+5.10%) ,UOB MB eCW170201 (-3.30%)

STOCK RECOMMENDATION :

  • BUY GLOBAL TECH ABOVE 0.042 TGT 0.046 0.050 SL 0.038

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

29Aug

Comex Trading Signals and Market News – 29 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil prices rose on Friday following reports that missiles from Yemen had struck oil facilities in Saudi Arabia and as the dollar weakened following remarks by Federal Reserve Chair Janet Yellen.Crude oil for October delivery on the New York Mercantile Exchange rose 50 cents, or 1.06%, to trade at $47.83 a barrel by 1113 ET.
  • Gold prices ticked higher on Friday as the dollar dipped following a slight downward revision to U.S. second quarter economic growth, but investors remained wary ahead of a key speech by Federal Reserve Chair Janet Yellen later in the day.U.S. gold futures for December delivery were up 0.79% at $1,335.3 an ounce by 0858 ET from around $1,331.45 earlier.
  • Copper futures were trading higher during the evening trade in the domestic market on Friday as participants widened their bets in the industrial metal amid a pickup in physical demand for copper from the domestic spot market.Further  upbeat US economic data bolstered the demand outlook for the metal as jobless claims fell to a five-week low down by 1000 to 261000 last week and orders for business equipment in July climbed the most since January up 1.6 per cent from June.

ECONOMY NEWS

  • German Economy Minister Sigmar Gabriel said on Sunday that if Britain’s exit from the European Union was badly handled and other member countries followed its lead, Europe would go “down the drain”.”Brexit is bad but it won’t hurt us as much economically as some fear – it’s more of a psychological problem and it’s a huge problem politically,”Gabriel, the deputy to Chancellor Angela Merkel in Germany’s governing coalition, told a news conference.
  • Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of  government: please help.Mired in a world of low growth, low inflation and low interest rates, officials from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through monetary policy may falter unless elected leaders stepped forward with bold measures. These would range from immigration reform in Japan to structural changes to boost productivity and growth in the U.S. and Europe.
  •  The Obama administration on Thursday issued rules aimed at helping states that set up retirement savings programs  for workers by clarifying that the plans are not preempted by federal law.Under the new rules finalized by the Labor Department, state retirement programs are not preempted by the Employee Retirement Income Security Act (ERISA) as long as they meet certain criteria, the White House said in a statement.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1321 TARGET 1326 1332 SL BELOW 1316
  • SELL GOLD BELOW 1317 TARGET 1312 1306 SL ABOVE 1322

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

29Aug

IForex Market Trading Signals and News – 29 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Dollar pops higher before retreating on Yellen comments
  • Forex – Dollar dips on downward U.S. GDP revision, Yellen speech eyed
  • Forex – Dollar little changed amid caution before Yellen speech

EUR/USD

EUR/USD is currently trading with a bullish bias. Yesterday, the pair retraced to the upper side and ended up breaking above 1.1276, although we anticipate further movements to the upper side, we cannot rule out the possibility of a breakout below 1.1267. If the latter is the case, then we expect a rally to the lowerside but should not go beyond 1.1222. This pair should be traded alongside GBP/USD, AUD/USD, NZD/USD and EUR/HKD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD

GBP/USD is currently trading with a declining upward momentum. As previously forecasted, the pair traded perfectly short but is currently retracing to the upper side. We expect a possible rebound from the level 1.3205 to continue short with an ideal target at 1.3134. Ideally, during this intraday, we expect this pair to trade on the lower ranges but should not close below 1.3134. This pair should be traded alongside GBP/JPY, GBP/CAD, GBP/NZD and GBP/HKD. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3265 TGT 1.3285 1.3315SL 1.3235
  • SELL GBP/USD BELOW 1.3130 TGT 1.3110 1.3080 SL 1.3160

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