Daily Archives: September 13, 2016

13Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 13 September 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 23.03 points or 0.8% lower to 2871.45, taking the year-to-date performance to 0.39%.
  • The top active stocks today were Singtel, which declined 1.48%, DBS, which declined 0.71%, UOB, which declined 0.27%, CapitaLand, which declined 0.63% and OCBC Bank, with a 0.68% fall.
  • The FTSE ST Mid Cap Index declined 0.46%, while the FTSE ST Small Cap Index declined 0.13%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.07%. The two biggest
    stocks of the Index – Raffles Medical Group and Riverstone Holdings- both ended unchanged.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.44%. Silverlake Axis shares
    declined 1.43% and CSE Global declined 1.15%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:
    IS MSCI India (-0.80%) ,DBXT MSCI Thailand TRN ETF (-2.22%) ,STI ETF (-0.68%)
  • The three most active Real Estate Investment Trusts (REITs) by value were:
    Ascendas REIT (-0.80%) ,CapitaLand Mall Trust (-0.47%) ,Suntec REIT (-2.54%)
  • The most active index warrants by value today were:
    HSC10000UBeCW160929 (+9.52%) ,HSI23600VTeCW161028 (+8.33%) ,HSI23800MBeCW160929 (+12.63%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-5.84%) ,UOB MB eCW170201 (-1.84%) ,UOB VT eCW170213 (+0.56%).

STOCK RECOMMENDATION :

  • BUY KINGBOARD COPPER ABOVE 0.250 TGT 0.265 0.280 SL 0.235.

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

13Sep
forex text and business graph 3d rendered

IForex Market Trading Signals and News – 13 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Yen stronger in Asia as data supports, Fed rate views uncertain.
  • Forex – USD/CAD hits more than 1-week highs on dropping oil prices.
  • Forex – Global Stocks sell off bolsters yen, dollar supported by Fed rate hike.

EUR/USD

The dollar little changed against the other major currencies in quiet trade on Monday, as comments by a Federal Reserve official sparked fresh speculation over a potential rate hike in the near future. EUR/USD slipped 0.12% to 1.1222. The dollar found support late Friday after Boston Fed President Eric Rosengren said that low interest rates are increasing the chance of overheating the U.S. Economy. He added that gradually tightening monetary policy is appropriate to maintaining full employment. Market participants were looking ahead to a speech from FOMC voting member Lael Brainard due later on Monday for further hints on a potential interest rate increase.Meanwhile, the single currency remained mildly supported after the European Central Bank held back from adding additional stimulus measures last week and left interest rates on hold.

GBP/USD

The dollar held steady against the other major currencies on Monday, as comments by a Federal Reserve official sparked fresh speculation over a potential rate hike in the near future. The dollar gained some strength late Friday after Boston Fed President Eric Rosengren said that low interest rates are increasing the chance of overheating the U.S. economy.He added that gradually tightening monetary policy is appropriate to maintaining full employment.Market participants were looking ahead to a speech from FOMC voting member Lael Brainard due later on Monday for further hints on a potential interest rate increase.Meanwhile, the single currency remained mildly supported after the European Central Bank held back from adding additional stimulus measures last week and left interest rates on hold.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3290 TGT 1.3270 1.3240 SL 1.3320.
  • SELL GBP/USD BELOW 1.3235 TGT 1.3215 1.3185 SL 1.3265.

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

13Sep

Comex Trading Signals and Market News –13 September 2016

INTERNATIONAL COMMODITY NEWS

  • Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in three months last week and U.S. crude drillers added more rigs for a tenth week running. Brent crude oil futures (LCOc1) fell 53 cents on the day to £47.48 a barrel, by 0830 GMT (04:30 a.m. EDT), while U.S. West Texas Intermediate futures
    (CLc1) fell 66 cents to $45.22 a barrel.
  • Gold prices slipped lower on Friday, following remarks from a Federal Reserve official signaling the possibility for a near   term U.S. rate hike. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery
    were down 0.12% at $1,332.90. The December contract ended Thursday’s session 0.53% lower at $1,334.50 an ounce.
  • Copper futures were trading lower during the evening trade in the domestic market on Monday as investors and speculators exited positions in the industrial metal on fall in demand from consuming industries in the spot market and tracking weak trend in base metals overseas Copper futures were trading lower during the evening trade in the domestic market on Monday as investors and speculators exited positions in the industrial metal on fall in demand from consuming industries in the spot market and tracking weak trend in base metals overseas.

ECONOMY NEWS

  • The Federal Reserve should avoid removing support for the U.S. economy too quickly, Fed Governor Lael Brainard said
    on Monday in comments that solidified the view the central bank would leave interest rates unchanged next week.Brainard said she wanted to see a stronger trend in U.S. consumer spending and evidence of rising inflation before the Fed raises rates, and that the United States still looked vulnerable to economic weakness abroad.
  • California state revenue exceeded official projections in August by 5.2 percent, after four straight months of missed budget projections, thanks to strong personal income tax receipts, the state said on Monday.State Controller Betty Yee  said in a statement that “under our outdated tax structure, revenues fluctuate greatly from month to month.”California’s August revenue of $8.56 billion outpaced expectations by $425.2 million or 5.2 percent.
  • U.S. interest rate futures prices rose on Monday, diminishing the implied probability of a rate hike by the U.S. central  bank next week, after Federal Reserve Governor Lael Brainard warned against a rush to raise interest rates.The comments from Brainard had been highly anticipated through the day as she will be among the last Fed officials to speak before they enter their quiet period ahead of their next policy meeting on Sept 20-21.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1330 TARGET 1335 1341 SL BELOW 1325.
  • SELL GOLD BELOW 1325 TARGET 1320 1314 SL ABOVE 1330.

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

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