Daily Archives: September 5, 2016

5Sep

Comex Trading Signals and Market News –5 September 2016

INTERNATIONAL COMMODITY NEWS

  • Gold prices slipped lower on Friday, as markets turned their attention to the upcoming report on U.S. nonfarm payrolls for further hints on whether or not the Federal Reserve will raise interest rates later this year. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.24% at $1,314.05, just off the four-day high of 1,319.45 hit overnight. The December contract ended Thursday’s session 0.43% higher at $1,317.10 an ounce. Futures were likely to find support at $1,301.50, Thursday’s low and a more than two-month low and resistance at $1,340.50, the high from August 26.Gold prices strengthed briefly  thanks to a weaker U.S. dollar after the Institute for Supply Management said on Thursday that its manufacturing activity index dropped to 49.4 last month from July’s reading of 52.6. It was the worst reading since January and missed expectations for a slight drop to 52.0.  The report came shortly after data showed that U.S. initial jobless claims increased by 2,000 to 263,000 last week, compared to expectations for a 4,000 rise to 265,000.

 

  • U.S. oil futures bounced off three-week lows on Friday, helped by fresh hopes of a production freeze, although gains were limited by  investors’ cautious stance before a U.S. employment report due later in the day. U.S. Crude futures for October delivery were up 1.07% at $43.64 a barrel, off Thursday’s three-week lows of 48.00. On the ICE Futures Exchange in London, the November Brent contract rallied  1.21% to $46.00 a barrel, easing off the previous session’s three-week through of 45.32. Oil prices strengthened after Russian President  Vladimir Putin said in an interview with Bloomberg that an agreement between oil exporters to freeze output would be the right decision   to support the market. OPEC members are set to discuss a potential production cap at a meeting in Algeria later in September. Crude also benefited from a brief decline in the U.S. dollar after the Institute for Supply Management said on Thursday that its manufacturing  activity index dropped to 49.4 last month from July’s reading of 52.6. It was the worst reading since January and missed expectations for a slight drop to 52.0.

 

  • Natural gas futures were trading on a positive note during noon trade in the domestic market on Friday as investors and speculators shrugged off a bigger-than-expected rise in US gas supplies last week. The EIA said that US natural gas storage rose 51 billion cubic feet to 3.401 trillion cubic feet in the week ended August 26 against an expected rise of 41 billion cubic feet addition of 11 billion cubic feet in the prior week 96 billion cubic feet a year earlier and a five-year average of 67 billion cubic feet.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1317 TARGET 1322 1328 SL BELOW 1312.
  • SELL GOLD BELOW 1308 TARGET 1303 1297 SL ABOVE 1313.

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

 

5Sep

IForex Market Trading Signals and News – 5 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD holds near one-month highs after U.K. PMI.
  •  Forex – Yen weaker as eyes turn to U.S. jobs, G-20 summit.
  •  Forex – Aussie, yen nearly flat in Asia as U.S. nonfarm payrolls awaited.

EUR/USD

The dollar was mostly unchanged against other major currencies on Friday, as investors remained cautious ahead of a highly-anticipated U.S. employment report amid growing speculation over a near-term rate hike by the Federal Reserve. EUR/USD held steady at 1.1196. The greenback had weakened after the Institute for Supply Management said on Thursday that its manufacturing activity index dropped to 49.4 last month from July’s reading of 52.6. It was the worst reading since January and missed expectations for a slight drop to 52.0.

GBP/USD

The pound held steady near one-month highs against the U.S. dollar on Friday, after the release of upbeat U.K. construction data, as investors remained cautious ahead of a highly-anticipated U.S. employment report due later in the day. GBP/USD hit 1.3293 during European morning trade, the session high; the pair subsequently consolidated at 1.3275. Cable was likely to find support at 1.3123, Thursday’s low and resistance at 1.3372, the high of August 3. Research group Markit said on Friday thats its U.K. construction purchasing managers’ index rose to 49.2 in August from 45.9 the previous month, beating expectations for an increase to 46.1.The data came a day after Markit said its U.K. manufacturing PMI rose to a 10-month high of 53.3 this month from a reading of 48.2 in July.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3290 TGT 1.3310 1.3340 SL 1.3260.
  • SELL GBP/USD BELOW 1.3252 TGT 1.3232 1.3202 SL 1.3282.

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

5Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 5 September 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.96 points or 0.6% lower to 2799.51, taking the year-to-date performance to –
    2.89%.
  • The top active stocks today were Singtel, which declined 2.52%, OUE HTrust, which declined 0.74%, DBS, which
    closed unchanged, JMH USD, which gained 1.08% and UOB, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.26%, while the FTSE ST Small Cap Index rose 0.10%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.42%. The two biggest
    stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 1.08% higher and 0.83% higher
    respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.50%. Singtel shares declined 2.52% and StarHub declined 4.41%.
  • The three most active Exchange Traded Funds (ETFs) by value today were: IS MSCI India (+0.54%), STI ETF (unchanged) ,DBXT MSCI Thailand TRN ETF (-1.55%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (unchanged) ,CapitaLand Mall Trust (-0.93%) ,Suntec REIT (unchanged).
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (+1.53%) ,HSI22800VTeCW160929 (+11.54%) ,HSI23800MBeCW160929 (+1.82%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-1.84%) ,DBS MB ePW170201 (unchanged) ,UOB MB eCW170201 (-3.57%).

STOCK RECOMMENDATION :

  • BUY EZION ABOVE 0.235 TGT 0.250 0.260 SL 0.225.

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

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