27Feb

Comex Trading Signals and Market News – 27 February 2015

INTERNATIONAL COMMODITY NEWS :

Gold and copper prices were mostly steady on Friday in Asia after Japan reported solid industrial output, but downbeat data on jobs, inflation and retail sales National core CPI in Japan rose 2.2%, below the 2.3% year-on-year for January expected. The unemployment rate in January ticked up to 3.6%, compared to an expected steady rate of 3.4%. Household spending fell 5.1% in January year-on-year. Industrial production month-on-month jumped 4.0%, well above an expected gain of 2.7% and retail sales fell 2.0%, compared to a forecast of down 1.3% year-on-year.

Crude Oil prices fell sharply on Thursday erasing all of February’s gains as the price approaches a 52-week low. On the New York Mercantile Exchange, crude oil for April delivery fell 5.57% or 2.84 to $48.15 a barrel in afternoon trading. With one trading day left in the month of February, the price of WTI Crude nears a 52-week low of $44.37.The precipitous drop in crude on Thursday came one day after the Energy Information Administration (EIA) said in its weekly report that U.S. crude oil inventories rose by 8.4 million barrels last week. The increase more than doubled its forecasts of a 4.0 million barrel weekly spike. In Cushing, Oklahoma, storage increased from 46.3 million barrels to 48.7 million — the highest level in over a year.

Natural gas futures plunged more than 4% on Thursday, after data showed that U.S. natural gas supplies fell less than expected last week, underlining concerns over weak demand. On the New York Mercantile Exchange, natural gas for delivery in April tumbled 13.0 cents, or 4.54%, to trade at $2.732 per million British thermal units during U.S. morning hours. Prices were at around $2.833 prior to the release of the supply data. Futures were likely to find support at $2.713 per million British thermal units, the low from February 17, and resistance at $2.948, the high from February 25. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended February 20 fell by 219 billion cubic feet, compared to expectations for a decline of 241 billion.

Gold closed higher for the second consecutive day amid the release of mixed U.S. economic data and revamped metal trading in Asia. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery jumped 7.60 points, or 0.63% to $1,209.10 a troy ounce. Gold reached a high of $1,219.90.Gold prices dipped earlier this week as Chinese markets remained closed for Lunar New Year celebrations. Gold rose steadily on Thursday following reports of lowering U.S. inflation. The Consumer Price Index (CPI) fell 0.7% in January, slightly below estimates of a 0.6% decline. The drop in inflation was the largest decline since December, 2008. The CPI, which slipped 0.3 percent in December, experienced a decline for the third straight month.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1211.75 TARGET 1216.75 1222.75 SL 1205.75
  • SELL GOLD BELOW 1205.5 TARGET 1200.5 1194.5 SL 1211.5

For more information about Comex Commodity Market Trading or Signals, please visit EPIC RESEARCH PRIVATE LIMITED.

27Feb
forex-trading3

IForex Market Trading Signals and News – 27 February 2015

TRADING TIPS :

  • Forex-Dollar steady against euro, yen.
  • Forex-Japanese yen weaker after Ishida comments on policy options.
  • Forex-GBP/USD almost unchanged at 2-month highs on U.K. GDP data.

GBP/USD
GBP/USD hit 1.5552 during European morning trade, the pair’s highest since January 2; the pair subsequently consolidated at 1.5531.In a report, the Office for National Statistics said the U.K. gross domestic product expanded by 0.5% in the final three months of 2014, unchanged from an initial estimate and in line with expectations. The U.K.’s economy grew by 0.7% in the previous quarter.Year-over-year, U.K. economic growth grew 2.7% in the three months to December, unchanged from a preliminary reading. The U.K. economy expanded at an annualized rate of 2.6% in the third quarter of 2014.The report also showed that total U.K. business investment fell 1.4% in the last quarter, disappointing forecasts for a 1.9% gain and following a 1.2% decline in the third quarter of 2014.

EUR/USD
EUR/USD was little changed at 1.1355.Investors scaled back expectations for a mid-year rate hike after Yellen said in testimony to the Senate Banking Committee Tuesday that it was “unlikely” that economic conditions would warrant an interest rate increase for “at least the next couple of FOMC meetings”.She added that if the economy keeps improving as the Fed expects it will modify its forward guidance, but emphasized that a modification of its language should not be read as indicating that a rate hike would automatically happen within a number of meetings.In a second day of testimony to the Financial Services Committee on Wednesday Yellen reiterated this message, saying that wage growth and inflation must rise before the bank can hike rates, despite signs of improvement in the labor market.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5575-TG: 1.5595/1.5625 SL 1.5545
2. Sell GBP/USD Below 1.5490-TG: 1.5470/1.5440 SL 1.5520

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

27Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 February 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended -14.65 points lower or -0.43% to 3426.18, taking the year-to-date performance to +1.81%.
  • The FTSE ST Mid Cap Index declined -0.31% while the FTSE ST Small Cap Index declined -0.29%. The top active stocks were Sing- Tel (-0.47%), DBS (-0.66%), Global Logistic (+1.17%), UOB (-0.26%) and OCBC Bank (-0.38%).
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.77%). The two biggest stocks of the FTSE ST Consumer Goods Index are Wilmar International (+1.85%) and Thai Beverage (+0.71%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.28% with Midas Holdings’s share price declining -3.08% and Geo Energy Re- sources’s share price unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.12%), STI ETF (-0.87%), SPDR Gold Shares (+0.50%).
  • The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (unchanged), Ascendas REIT (-1.59%), Suntec REIT (-0.51%).
  • The most active index warrants by value today were HSI25000MBeCW150330 (+5.50%), HSI25000MBeCW150429 (+7.38%), HSI24400MBePW150330 (-10.11%).
  • The most active stock warrants by value today were OCBC Bk MBeCW150803 (-5.74%), SGX MB eCW150803 (-1.16%), DBS MB eCW150915 (-5.33%).

STOCK RECOMMENDATION :

  • BUY ENGRO CORP LTD. AT 1.285 – 1.280 TARGET 1.325 1.375 SL 1.240

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

26Feb

Comex Trading Signals and Market News – 26 February 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices gained on Thursday in Asia as investors eyed physical demand from China. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.62% to $1,209.00 a troy ounce. Meanwhile, silver futures for May delivery increased 0.84% t $16.612 a troy ounce. Elsewhere on Comex, copper for May delivery rose 0.33% to $2.654 a pound. Overnight, gold futures reversed most of the gains made in Asia on Wednesday afternoon before settling slightly higher.

Crude oil prices fell in Asia on Thursday with investors noting the continued battle for market share led by Saudi Arabia. On the New York Mercantile Exchange, WTI crude oil for April delivery fell 0.71% to $50.63 a barrel. Overnight, oil prices moved higher on Wednesday as Saudi Arabia’s oil minister calmed markets with reassuring comments on global oil demand and U.S. data indicated that oil supply in the nation reached its highest level ever. Prices were around $48.95 a barrel just before the release of inventory data. The U.S. Energy Information Administration (EIA) said in its weekly report that U.S. crude oil inventories rose by 8.4 million barrels last week.

• U.S. natural gas prices fluctuated between gains and losses on Wednesday, as market participants looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the heating fuel. On the New York Mercantile Exchange, natural gas for delivery in April shed 0.4 cents, or 0.14%, to trade at $2.885 per million British thermal units during U.S. morning hours. Prices traded in a range between $2.870 and $2.914.A day earlier, natural gas for delivery in April shed 0.4 cents, or 0.14%, to settle at $2.889.Futures were likely to find support at $2.839 per million British thermal units, the low from February 24, and resistance at $3.045, the high from February 23. The Energy Information Administration’s storage report slated for release on Thursday is expected to show a withdrawal of approximately 230 billion cubic feet for the week ending February 20, as a recent cold blast stoked heating demand.

• West Texas Intermediate oil futures remained in negative territory on Wednesday, after data showed that oil supplies in the U.S.rose to the highest level on record, exacerbating fears over a glut in supplies. On the New York Mercantile Exchange, crude oil for delivery in April slumped 20 cents, or 0.41%, to trade at $49.08 a barrel during U.S. morning hours. Prices were at around $48.95 a barrel prior to the release of the inventory data. The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories rose by 8.4 million barrels in the week ended February 20, compared to expectations for an increase of 4.0 million barrels.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1212 TARGET 1217 1223 SL 1206
  • SELL GOLD BELOW 1205 TARGET 1200 1194 SL 1211

For more information about Comex Commodity Market Trading or Signals, please visit EPIC RESEARCH PRIVATE LIMITED.

26Feb

IForex Market Trading Signals and News – 26 February 2015

TRADING TIPS :

  • Forex-Dollar broadly lower on Yellen remarks.
  • Forex-GBP/USD rises to nearly 2-month highs after strong U.K. Data.S
  • Forex-Euro, yen push higher after Yellen.

GBP/USD
GBP/USD up 0.28% to 1.5496.during European morning trade, the pair’s highest since January 2; the pair subsequently consolidated at 1.5509, gaining 0.36%.In a report, the British Bankers’ Association said that mortgage approvals rose by 36,400 in January, beating expectations for an increase of 36,200. December’s figure was revised to a 35,800 gain from a previously estimated rise of 35,700.Meanwhile, the greenback remained under pressure after Fed Chair Yellen said it was “unlikely” that economic conditions would warrant an interest rate increase for “at least the next couple of FOMC meetings”.

EUR/USD
EUR/USD was last up 0.12% to 1.1354 after rising as high as 1.1388 earlier.In prepared remarks during testimony to the Senate Banking Committee, Fed Chair Yellen said it was “unlikely” that economic conditions would warrant an interest rate increase for “at least the next couple of FOMC meetings”.She added that if the economy keeps improving as the Fed expects it will modify its forward guidance, but emphasized that a modification of its language should not be read as indicating that a rate hike would automatically happen within a number of meetings.The remarks prompted investors to push back expectations for a mid-year U.S. interest rate hike. The single currency remained under pressure as lingering doubts over the agreement to extend Greece’s bailout by four months kept investors cautious.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5539-TG: 1.5559/1.5589 SL 1.5509
2. Sell GBP/USD Below 1.5448-TG: 1.5428/1.5398 SL 1.5478

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

26Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 February 2015`

MARKET UPDATES :

  • The Straits Times Index (STI) ended +3.22 points higher or +0.09% to 3440.83, taking the year-to-date performance to +2.25%.
  • The FTSE ST Mid Cap Index gained +0.70% while the FTSE ST Small Cap Index gained +0.18%. The top active stocks were Genting Singapore (-6.22%), SingTel (+0.47%), CapitaLand (+0.55%), DBS (+0.25%) and Global Logistic (+0.39%).
  • The outperforming sectors today were represented by the FTSE ST Industrials Index (+0.78%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+2.66%) and Jardine Strategic Holdings (+0.09%). The underperforming sector was the FTSE ST Consumer Services Index, which declined -1.29% with Jardine Cycle & Carriage’s share price gaining +1.49% and Genting Singapore’s share price declining -6.22%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.75%), SPDR Gold Shares (+0.93%), DBXT CSI300 ETF (-0.82%).
  • The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.78%), CapitaCom Trust (+1.12%), As- cendas REIT (+1.21%).
  • The most active index warrants by value today were HSI25000MBeCW150330 (+1.11%), HSI25000MBeCW150429 (+3.47%), HSI24400MBePW150330 (-6.32%).
  • The most active stock warrants by value today were OCBC Bk MBeCW150803 (+1.67%), DBS MB eCW150420 (+4.51%), SGX MB eCW150803 (-1.15%).

STOCK RECOMMENDATION :

  • BUY CWT LTD. AT 1.630 – 1.635 TARGET 1.685 1.750 SL 1.570

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

25Feb

Comex Trading Signals and Market News – 25 February 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Wednesday after better than expected HSBC China flash PMI data, but copper lagged as the gains were seen from domestic demand instead of exports. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 1.02% to trade at $1,209.50 a troy ounce. The HSBC China February flash manufacturing PMI jumped to 50.1, well above the expected drop to 49.5 and up from January’s final 49.7.”Domestic demand firmed while new export orders contracted for the first time since April 2014. Both input and output prices remain in contraction,” said Q Hongbin, Chief Economist, China and joint head of Asian economic research at HSBC.”Today’s data point to a marginal improvement in the Chinese manufacturing sector going into the Chinese New Year period in February. However, domestic economic activity is likely to remain sluggish and external demand looks uncertain. We believe more policy easing is still warranted at the current stage to support growth.”

Crude oil prices rose slightly in early Asia on Wednesday despite an industry report that showed a sizeable build in U.S. stocks, but also showed sharp draws on distillates as heating oil sales perk up on cold weather. The American Petroleum Institute said crude stocks rose 8.9 million barrels last week, while distillate holdings fell 2.4 million barrels and gasoline supplies dropped 1.6 million barrels

• U.S. natural gas prices swung between gains and losses on Tuesday, as investors were hesitant to extend a recent rally which took prices to the highest level in more than five weeks amid speculation supplies are more than ample to meet demand. On the New York Mercantile Exchange, natural gas for delivery in April shed 0.5 cents, or 0.19%, to trade at $2.888 per million British thermal units during U.S. morning hours. Prices traded in a range between $2.840 and $2.906.A day earlier, natural gas for delivery in April rallied to $3.045, the most since January 16, before turning lower to settle at $2.893, down 7.9 cents, or 2.66%.

Copper prices edged lower on Tuesday, as concerns over Greece kept investors cautious, while markets looked ahead to congressional testimony by Federal Reserve Chair Janet Yellen later in the day. On the Comex division of the New York Mercantile Exchange, copper for May delivery shed 0.9 cents, or 0.36%, to trade at $2.577 a pound during European morning hours. A day earlier, copper fell to $2.561, the lowest since February 17, before settling at $2.586, down 0.4 cents, or 0.17%.Futures were likely to find support at the $2.550, the low from February 17, and resistance at $2.617, the high from February 20.The Euro group is expected to mull Greece’s revised list of reform proposals after the debt-strapped country submitted a list of proposed economic reforms to Brussels around midnight on Monday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1211.25 TARGET 1216.25 1222.25 SL 1205.25
  • SELL GOLD BELOW 1201.25 TARGET 1196.25 1190.25 SL 1207.25

For more information about Comex Commodity Market Trading or Signals, please visit EPIC RESEARCH PRIVATE LIMITED.

25Feb
forex-trading3

IForex Market Trading Signals and News – 25 February 2015

TRADING TIPS :

  • Forex-Dollar pushes higher before Yellen testimony.
  • Forex-Euro little changed with Greece, Yellen testimony in focus.
  • Forex-GBP/USD holds steady ahead of U.K. inflation hearings.

GBP/USD
GBP/USD hit 1.5474 during European morning trade, the session high; the pair subsequently consolidated at 1.5446. Investors remained cautious as Fed Chair Janet Yellen was to testify before the Senate Banking Committee in Washington later Tuesday, with market participants watching for any indication on when U.S. interest rates may start to rise.Last week’s minutes of the Fed’s January meeting were more dovish than expected, showing that some officials thought that raising rates too soon could weigh on the U.S. economic recovery, and that a deterioration in the global economic outlook could also pose a threat.The pound shrugged off a report by the Confederation of British Industry on Monday showing that its index of U.K. retailers plunged by 38.0 points to a 21-month low of 1.0 in February from 39.0 in January.

EUR/USD
EUR/USD slid 0.24% to 1.1307 from 1.1333 late Monday.Earlier Tuesday Greece delivered a list of proposed economic reforms to Brussels after missing Monday’s midnight deadline. The reforms must now be approved by the country’s lenders in order for Greece to secure a four-month bailout extension.Market participants were looking ahead to testimony by Fed Chair Janet Yellen before the Senate Banking Committee in Washington later in the day for any indication on when U.S. interest rates may start to rise.Last week’s minutes of the Fed’s January meeting were more dovish than expected, showing that some officials thought that raising rates too soon could weigh on the U.S. economic recovery, and that a deterioration in the global economic outlook could also pose a threat.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5481-TG: 1.5501/1.5531 SL 1.5451
2. Sell GBP/USD Below 1.5399-TG: 1.5379/1.5349 SL 1.15429

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

25Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 February 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended +16.31 points higher or +0.48% to 3437.61, taking the year-to-date performance to +2.15%.
  • The FTSE ST Mid Cap Index gained +0.12% while the FTSE ST Small Cap Index gained +0.27%. The top active stocks were SingTel (+2.89%), DBS (+0.61%), OCBC Bank (+0.47%), UOB (+0.26%) and Keppel Corp (+0.46%).
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+2.58%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+2.89%) and StarHub (+0.46%). The underperforming sector was the FTSE ST Industrials Index, which declined -0.56% with Jardine Matheson Holdings’ share price declining -1.70% and Jardine Strategic Holdings’ share price declining -0.45%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the Nikko AM Singapore STI ETF (-0.29%), IS MSCI In-dia (-0.13%), SPDR Gold Shares (+0.48%).
  • The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+1.89%), Ascendas REIT (+1.64%), CapitaCom Trust (unchanged).
  • The most active index warrants by value today were HSI25000MBeCW150330 (-7.22%), HSI24200MBePW150429 (+2.94%), HSI25000MBeCW150429 (-7.69%).
  • The most active stock warrants by value today were OCBC Bk MBeCW150803 (-2.44%), Ezion MBeCW151102 (-8.14%), DBS MB eCW150915 (unchanged).

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO AT 3.005 TARGET 3.055 3.125 SL 2.920

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

24Feb

Comex Trading Signals and Market News – 24 February 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices rose slightly in early Asia on Tuesday with China markets set to re-open on Wednesday and Greece still to turn over its list of reforms needed to secure further euro zone loans. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.14% to trade at $1,203.10. Overnight, Gold futures turned higher on Monday to reclaim the key $1,200-level, after data showed that U.S. existing home sales fell more than expected in January to hit the lowest level in nine months, dampening optimism over the health of the housing market. The National Association of Realtors said earlier that existing home sales decreased 4.9% to 4.82 million units last month from 5.07 million in December. Analysts had expected existing home sales to fall 0.8% to 4.97 million units in January.

Crude oil prices nudged higher in Asia on Tuesday with U.S. supply data ahead and a market eyeing events in Greece for signs of any further currency turmoil. On the New York Mercantile Exchange, crude oil for delivery in April rose 0.11% to $49.37 a barrel. the American Petroleum Institute, an industry group, will give estimates of U.S. crude and refined product stocks last week. On Wednesday more closely watched data from the U.S. .Department of Energy will be released. Overnight, crude oil futures extended sharp losses from last week on Monday, as a broadly stronger dollar and lingering concerns over a glut in global supplies drove down prices. Dollar- denominated oil futures contracts tend to fall when the dollar rises, as this makes oil more expensive for buyers in other currencies. Industry research group Baker Hughes (NYSE:BHI) said that the number of rigs drilling for oil in the U.S. fell by just 37 last week, the smallest weekly drop this year and compared to a decline of 84 rigs in the preceding week.

• U.S. natural gas prices extended strong gains from last week on Monday to hit the highest level in more than five weeks, as forecasts for freezing weather across large parts of the U.S. boosted expectations for much higher heating demand. On the New York Mercantile Exchange, natural gas for delivery in April rose 2.1 cents, or 0.71%, to trade at $2.993 per million British thermal units during U.S. morning hours. Prices hit a session high of $3.044 earlier in the day, the strongest level since January 16.Futures were likely to find support at $2.839 per million British thermal units, the low from February 20, and resistance at $3.177, the high from January 16.

• Across the U.S. Midwest, the plunge in grain prices to near four-year lows is pitting landowners determined to sustain rental incomes against farmer tenants worried about making rent payments because their revenues are squeezed. Some grain farmers already see the burden as too big. They are taking an extreme step, one not widely seen since the 1980s: breaching lease contracts, reducing how much land they will sow this spring and risking years-long legal battles with landlords.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1205 TARGET 1210 1216 SL 1199
  • SELL GOLD BELOW 1197.50 TARGET 1192.50 1186.50 SL 1203.50

For more information about Comex Commodity Market Trading or Signals, please visit EPIC RESEARCH PRIVATE LIMITED.

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