27Jan
forex-trading3

IForex Market Trading Signals and News – 27 January 2015

TRADING TIPS :

  • Forex-Dollar slips lower vs. rivals as Greece concerns subside.
  • Forex-Australian dollar weakens on mixed NAB business survey.
  • Forex- Euro gains more than 2% against Swiss franc.

GBP/USD
GBP/USD hit 1.5043 during European mornning trade, the pair’s highest since January 22; the pair subsequently consolidated at 1.5011, adding 0.13% Cable was likely to find support at 1.4947, the low of January 22 and an 18- month low and resistance at 1.5212, the high of January 22.Market sentiment was hit as Syriza’s victory sparked concerns over Greece’s future in the euro zone. The pound edged up against the U.S. dollar on Monday, but remained within close distance of recent 18-month lows as market sentiment weakened broadly following Greek anti-austerity Syriza party’s election win on Sunday. The pound shrugged off data on Friday showing that U.K. retail sales rose 0.4% in December, beating expectations for a 0.6% decline, after a 1.6% increase the previous month.

EUR/USD
EUR/USD hit 1.1374 during European afternoon trade, the session high; the pair subsequently consolidated at 1.1243, gaining 0.35%.The pair was likely to find support at 1.1112, Friday’s low and an 11-year low and resistance at 1.1374, Friday’s high.The single currency dropped to fresh 11-year lows against the dollar earlier, amid concerns over Syriza’s pledge to renegotiate the terms of Greece’s €240 billion international bailout and reverse many of the austerity measures imposed by the European Union and International Monetary Fund. The euro held gains against the U.S. dollar on Monday, as markets digested news anti-austerity Syriza party swept to victory in elections in Greece, although concerns over the country’s future in the euro zone still weighed.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5006-TG: 1.5026/1.5056 SL 1.4976
2. Sell GBP/USD Below 1.4937-TG: 1.4917/1.4887 SL 1.4967

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

27Jan

Comex Trading Signals and Market News – 27 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices traded mosstly flat on Tuesday in early Asia as immediate concerns about Greece’s exit from the euro zone waned and investors looked ahead to the Federal Reserve and U.S. data this week.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.01% to trade at $1,281.90 a troy ounce. Overnight, gold fell more than 1% on Monday, as appetite for safe-haven assets weakened after jitters over the Greek election diminished. Greek leftist party Syriza formed a coalition government with the right-wing Independent Greeks party on Monday. Syriza won 149 seats in Greece’s 300-seat parliament, while the Independent Greeks took 13 seats, giving them a comfortable governing majority.

• U.S. natural gas prices fell sharply on Monday, despite forecasts for heavy snowfall in the heavily populated Northeast region over the next two days.On the New York Mercantile Exchange, natural gas for delivery in March tumbled 6.8 cents, or 2.3%, to trade at $2.890 per million British thermal units during U.S. morning hours, after hitting a daily low of $2.821.Natural gas prices have been extremely volatile in recent sessions as investors react to daily changes in weather patterns. Futures have either gained or declined more than 5% in eight of the past ten trading days.

Crude oil futures erased losses to hit the highest levels of the session on Monday, as investors reacted to bullish comments made by OPEC Secretary-General Abdalla El-Badri.On the New York Mercantile Exchange, crude oil for delivery in March tacked on 35 cents, or 0.78%, to trade at $45.95 a barrel during U.S. morning hours.Nymex oil fell by as much as $1.23 to hit a session low of $44.36 earlier, a level not seen since March 2009.Elsewhere, on the ICE Futures Exchange in London, Brent oil for March delivery inched up 27 cents, or 0.55%, to trade at $49.06 a barrel. Earlier in the day, Brent touched a low of $47.59, down $1.20.

Copper prices fell to the lowest level in more than five years on Monday, as traders were cautious after Greek anti-austerity party Syriza swept to victory in elections on Sunday, reviving concerns over the country’s future in the euro zone. On the Comex division of the New York Mercantile Exchange, copper for March delivery hit a session low of $2.420 a pound, a level not seen since June 2009, before trading at $2.446 during European morning hours, down 5.5 cents, or 2.21%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1282.50 TARGET 1287.50 1293.50 SL 1276.50
  • SELL GOLD BELOW 1271.50 TARGET 1266.50 1260.50 SL 1277.50

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

23Jan

Comex Trading Signals and Market News – 23 January 2015

INTERNATIONAL COMMODITY NEWS :

Copper prices declined on Thursday, as traders braced for the outcome of the European Central Bank meeting later in the day, at which it is widely expected to unveil a government bond-buying program.On the Comex division of the New York Mercantile Exchange, copper for March delivery slumped 2.5 cents, or 0.96%, to trade at $2.587 a pound during European morning hours. A day earlier, copper tacked on 1.8 cents, or 0.71%, to settle at $2.612 a pound. Copper hit $2.423 on January 14, a level not seen since June 2009. Futures were likely to find support at the $2.532, the low from January 21, and resistance at $2.636, the high from January 20.The euro remained under pressure amid mounting expectations that the ECB will embark on an outright quantitative easing program at its meeting later Thursday, in a bid to stave off the threat of deflation in the euro area.

Gold prices seesawed between gains and losses in early Asia on Friday in the wake of the European Central Bank’s quantitative easing with the focus now on a gauge of China manufacturing activity.Ahead is the the HSBC China flash manufacturing PMI, which is closely tracked by the market, could be a key event for risk sentiment.This is due at 0945 local time (0145 GMT). There’s not much chance of a significant improvement in the headline reading over December’s fall to a seven-month low of 49.6.

Crude oil futures declined on Thursday, as market players awaited the conclusion of the European Central Bank’s highly-anticipated monthly policy meeting later in the day.On th New York Mercantile Exchange, crude oil for delivery in March dropped 53 cents, or 1.11%, to trade at $47.25 a barrel during European morning hours.A day earlier, New York-traded oil futures jumped $1.31, or 2.82%, to settle at $47.78 a barrel. WTI prices touched $44.20 on January 13, a level not seen since March 2009.Elsewhere, on the ICE Futures Exchange in London, Brent oil for March delivery shed 29 cents, or 0.6%, to trade at $48.74 a barrel.

Natural gas futures plunged 5% on Thursday, after data showed that U.S. natural gas supplies fell less than forecast last week, underlining concerns over weak demand.On the New York Mercantile Exchange, natural gas for delivery in February tumbled 13.0 cents, or 4.35%, to trade at $2.844 per million British thermal units during U.S. morning hours. Prices were at $2.903 prior to the release of the supply data. Futures were likely to find support at $2.795 per million British thermal units, the low from January 13, and resistance at $3.228, the high from January 16.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended January 16 fell by 216 billion cubic feet, below expectations for a decline of 227 billion and compared to a drop of 236 billion in the previous week.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1307 TARGET 1312 1318 SL 1301
  • SELL GOLD BELOW 1293 TARGET 1288 1282 SL 1299

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

23Jan

IForex Market Trading Signals and News – 23 January 2015

TRADING TIPS :

 

  • Forex-Dollar hovers close to multi-year highs, ECB statement on tap.
  • Forex-GBP/USD edges higher as sentiment mildly improves.
  • Forex-Euro slips lower as markets look to ECB.

GBP/USD
GBP/USDhit 1.5173 during European morning trade, the session high; the pair subsequently consolidated at 1.5169, adding 0.17%.Investors were waiting to see if the ECB would embark on a large scale quantitative easing program later in the day.Earlier Thursday, the Office for National Statistics said that U.K. public sector net borrowing rose to £12.47 billion last month from a revised £11.73 billion in November, whose figure was revised from a previously estimated £13.41 billion.Analysts had expected public sector net borrowing to decline to £9.7 billion in December. The pound had weakened on Wednesday after the minutes of the Bank of England’s January policy meeting showed that members voted unanimously to keep the asset puschase facility program on hold.

EUR/USD
EUR/USD was steady at 1.1617. Sentiment on the single currency remained vulnerable as investors waited to see if the ECB would embark on an outright quantitative easing program on Thursday. Uncertainty over the outcome of Greek elections, due to be held on Sunday, with anti-bailout party Syriza leading in the polls also weighed. Earlier Thursday, official data showed that Spain’s unemployment rate remained unchanged at 23.7% in the fourth quarter, confounding expectations for a slip to 23.6%.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.19% to 93.18.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5203-TG: 1.5223/1.5253 SL 1.5173
2. Sell GBP/USD Below 1.5118-TG: 1.5098/1.5068 SL 1.5148

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

23Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 January 2015

MARKET UPDATES :

  • SINGAPORE shares end higher on Thursday.The Straits Times Index gained 15.83 points to 3,370.29.Some 1.65 billion shares, valued at S$1.29 billion were traded. Gainers numbered 295 while losers numbered 146.
  • Singapore Exchange Ltd, Southeast Asia’s biggest bourse, plans to start trading Chinese equity-index options as investors seek ways to hedge risks in the world’s most volatile stock market.SGX is in talks with the China Securities Regulatory Commission on when the Singapore bourse can introduce options on the FTSE China A50 Index, with approval likely to come after such products are introduced on the mainland, President Muthukrishnan Ramaswami said in an interview. Volume on China A50 futures traded in Singapore surged 183 per cent in the three months ended Dec. 31.
  • Singapore companies have continued to feature among the 100 most sustainable corporations of the world.Keppel Land, StarHub, City Developments (CDL) and CapitaLand are on the Global 100 Most Sustainable Corporations list announced at the World Economic Forum in Davos, Switzerland on Thursday.The list is recognised as the top standard in corporate sustainability. Keppel Land raced up the rankings, moving from 17th position last year to fourth this year, making it Asia’s most sustainable firm and the top-ranked real estate company globally.
  • Keppel Corporation posted on Thursday a 6.1 per cent increase in fourth-quarter net profit to S$725.9 million on the back of revenue that climbed 9.1 per cent to S$3.93 billion.Keppel also declared a final cash dividend of 36 Singapore cents per share, up from a final dividend of 30 cents per share in 2013.For the full year, Keppel’s net profit was up 2.1 per cent to S$1.88 billion. Revenue for the same period rose 7.3 per cent to S$13.28 billion.Net profit from the offshore and marine business – which accounts for 55 per cent of the group’s bottom line – stood at S$1.04 billion, 10 per cent higher than in the previous year, buoyed by better operating results and higher interest income.
  • JTC Corporation on Thursday released revised industrial property price and rental indices when it announced its fourth-quarter industrial statistics. These new indices come with an expanded coverage and improved methodology. For instance, more sub-indices will be made available to show price and rental movements based on property attributes such as property type, planning region, land-use zoning and remaining tenure.The indices will also expand their coverage to include single-user factories and business parks which they didn’t use to before. They will also cover transactions island-wide, as opposed to only tracking those in the central region formerly.
  • FRASERS Commercial Trust on Thursday reported a 22 per cent increase in distributable income from a year ago to S$16.7 million for the financial quarter ended Dec 31, 2014, as it reaped the first full quarter of contribution from Alexandra Technopark following the expiry of the master lease last August.This translated to a 20 per cent year-on- year growth in distribution per unit (DPU) to 2.46 Singapore cents for the commercial real estate investment trust (Reit).

STOCK RECOMMENDATION :

  • BUY CAPMALL TRUST ABOVE 2.215 TARGET 2.250 2.300 SL 2.175

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

22Jan

Comex Trading Signals and Market News – 22 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped in Asia on Thursday with investors focused on an upcoming European Central Bank meeting expected to further ease policy.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.22% to 1.290.80 a troy ounce in Asia.Overnight, gold remained above the $1,300-level on Wednesday, after data showed that the number of building permits issues in the U.S. fell unexpectedly in December, while housing starts topped forecasts, painting a mixed picture of the U.S. housing sector.

Oil prices dipped early on Thursday ahead of the expected announcement of a bond-buying program by the European Central Bank (ECB) later in the day that could push the dollar to new highs and put downward pressure on commodities.The ECB’s Executive Board has proposed a program that would enable it to buy 50 billion euros ($58 billion) in bonds a month starting in March, according to a euro zone source.The expected stimulus program has put pressure on the euro and sent the dollar, seen as a safehaven, soaring. The rising dollar, helped further by an expected U.S. interest rate hike this year and an American economy that is growing while Europe and Asia slow, has put downward pressure on oil, which has seen prices move than halve since last June due to oversupply, in part produced by soaring U.S. output.

• U.S. natural gas prices rebounded on Wednesday, as investors returned to the market to seek cheap valuations in wake of Tuesday’s almost 10% plunge.On the New York Mercantile Exchange, natural gas for delivery in February jumped 10.5 cents, or 3.71%, to trade at $2.936 per million British thermal units during U.S. morning hours, after rising by as much as 6.15% to hit $3.016.A day earlier, natural gas plunged 29.6 cents, or 9.47%, to settle at $2.831. It was the biggest one-day loss in 11 months.Futures were likely to find support at $2.795 per million British thermal units, the low from January 13, and resistance at $3.228, the high from January 16.

Copper prices declined for the second consecutive session on Wednesday, as concerns over the global economic outlook and the impact on future demand prospects dampened the appeal of the commodity.On the Comex division of the New York Mercantile Exchange, copper for March delivery slumped 4.2 cents, or 1.62%, to trade at $2.552 a pound during European morning hours, after hitting a session low of $2.549.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1297 TARGET 1302 1308 SL 1291
  • SELL GOLD BELOW 1284 TARGET 1279 1273 SL 1290

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

22Jan
forex-trading3

IForex Market Trading Signals and News – 22 January 2015

TRADING TIPS :

  • Forex-Dollar lower against yen after BoJ holds.
  • Forex-NZD/USD rises off 2-week lows despite weak N.Z. inflation data.
  • Forex-GBP/USD falls despite U.K. jobs data, BoE minutes weigh.

GBP/USD
GBP/USD hit 1.5076 during European morning trade, the session low; the pair subsequently consolidated at 1.5106, shedding 0.25%. In a report, the U.K. Office for National Statistics said that the rate of unemployment dipped to 5.8% in the three months to November from 6.0% in the previous three month-period and better than expectations for a reading of 5.9%.The report also showed that the claimant count fell by 29,700 last month, compared to expectations for a decline of 25,000 people. November’s figure was revised to a drop of 29,600 people from a previously reported decline of 26,900.Data also showed that the average earnings index rose 1.7% in the three months to November, meeting forecasts, after increasing by 1.4% in the three months to October. Excluding bonuses, wages rose by 1.8% in the three months to November, below expectations for a gain of 1.9% and following a 1.6% increase in the three months to October.

EUR/USD
EUR/USD at 1.1563, not far from Friday’s 11-year trough of 1.1459 as investors waited to see if the European Central Bank would embark on an outright quantitative easing program on Thursday. The single currency has been pressured lower by mounting expectations that the ECB will launch a government bond-buying program, in a bid to stave off the threat of deflation in the euro area.Uncertainty over the outcome of Greek elections, due to be held on Sunday, with anti-bailout party Syriza leading in the polls also weighed.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.30% to 93.07.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5145-TG: 1.5165/1.5195 SL 1.5115
2. Sell GBP/USD Below 1.5078-TG: 1.5058/1.5028 SL 1.5108

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

22Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 22 January 2015

MARKET UPDATES :

  • MALAYSIAN shares ended higher on Wednesday with the Kuala Lumpur Composite Index adding 19.98 points to close at 1,770.09.Some 2.16 billion lots, valued at RM2.45 billion were traded. Gainers numbered 559 while losers numbered 287.
  • CAPITACOMMERCIAL Trust, a real estate investment trust (Reit) holding central business district (CBD) offices, reported on Wednesday morning before trading hours a distribution per unit (DPU) of 2.15 cents for its fourth quarter ended Dec 31, 2014, up 2.9 per cent from 2.09 cents a year ago.This brings the full-year DPU to an estimated 8.46 cents before conversion of convertible bonds, up 3.9 per cent from 8.14 cents a year ago. This gives it a yield of 4.6 per cent on its last traded price of S$1.835.
  • FORTUNE Reit on Wednesday reported an 8.3 per cent increase in income available for distribution to HK$197.2 million (S$33.97 million) for its fourth quarter ended Dec 31, 2014.This translates to a distribution per unit (DPU) of 10.50 Hong Kong cents, 8 per cent higher than the 9.72 Hong Kong cents that it paid out a year ago.Its net property income also rose 6.7 per cent to HK$293.5 million, on the back of an 8.4 per cent increase in total revenue to HK$425.7 million.
  • KEPPEL Land and parent Keppel Corp have postponed their post-results analyst and media briefing, according to a media advisory email sent out on Wednesday morning. The email mentioned that more details will be provided shortly.However, Keppel Land will release their fourth-quarter and full-year results as scheduled on Wednesday, and Keppel Corp, on Thursday, the email said.Keppel Land’s results briefing was originally scheduled for Wednesday evening, and Keppel Corp’s, Keppel Land had hit a 52-week high on Tuesday, with analysts speculating on the possibility of a special dividend announced ahead of its earnings release on Wednesday, or a pick-up in the China market.
  • SINGAPORE Exchange posted a 16 per cent net profit increase in its second fiscal quarter on the back of strong derivatives growth.Earnings attributable to shareholders rose to S$86.6 million, or 8.1 Singapore cents per share, for the quarter ended December. Net profit for the first half slipped 2 per cent to S$164.2 million, or 15.3 Singapore cents per share.The market operator is declaring a dividend of four Singapore cents per share.Income from securities slipped one per cent to S$51.7 million in the quarter. Income from derivatives, however, rose 46 per cent to S$76.4 million.
  • The world’s biggest miner BHP Billiton Wednesday said it was cutting back its operating US shale oil rigs by 40 per cent amid slumping prices, but expected production output to rise for the financial year.BHP said it would reduce the number of rigs from 26 to 16 by the end of the June in response to weaker oil prices. “In petroleum, we have moved quickly in response to lower prices and will reduce the number of rigs we operate in our onshore US business by approximately 40 per cent by the end of this financial year.

STOCK RECOMMENDATION :

  • BUY CWT LTD ABOVE 1.720 TARGET 1.750 1.810 SL 1.670

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

21Jan

Comex Trading Signals and Market News – 21 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices held mostly flat in Asia on Wednesday with investors looking ahead to events in Europe on the euro and Greece. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded up 0.02% to $1,293.40 a troy ounce.Overnight, gold extended gains to trade near the $1,300-level on Tuesday, as investors looked ahead to the European Central Bank’s policy meeting later this week to see if it would launch a government bond-buying program.

Crude oil prices eased in early Asia on Wednesday as markets look ahead to data on U.S. supplies.The American Petroleum Institute will release its estimates of U.S. stockpiles of crude and refined products last week. The data is a day late because of a public holiday in the U.S. on Monday.That means the more closely watched data by the U.S. Department of Energy on U.S. supplies will come a day later on Thursday.On the New York Mercantile Exchange, crude oil for delivery in March eased 0.07%, to trade at $46.64 a barrel. The International Monetary Fund cut its global growth forecast for 2015 to 3.5% from a previous estimate of 3.8%, citing slowing economies in China, Russia, the euro zone and Japan. Meanwhile, official data released Tuesday showed that China’s economy grew 7.4% in 2014 from a year earlier, below the government’s official target of 7.5% and the slowest pace since 1990. It expanded 7.7% in 2013.

• U.S. natural gas prices sold off on Tuesday, after forecasts called for a late-January warm-up that was expected to limit demand for the heating fuel.On the New York Mercantile Exchange, natural gas for delivery in February tumbled 23.3 cents, or 7.45%, to trade at $2.894 per million British thermal units during U.S. morning hours, after hitting a daily low of $2.888, the weakest level since January 13. Nymex floor trading was closed Monday for the Martin Luther King Jr. holiday and transactions will be booked with Tuesday’s for settlement purposes. On Friday, natural gas declined 3.1 cents, or 0.98%, to settle at $3.127.

Copper prices fell sharply on Tuesday, after data showed that China’s economy grew at the slowest pace in 24 years last year. On the Comex division of the New York Mercantile Exchange, copper for March delivery slumped 4.9 cents, or 1.87%, to trade at $2.568 a pound during European morning hours, after hitting a session low of $2.563. Futures were likely to find support at the $2.517, the low from January 15, and resistance at $2.634, the high from January 16. Official data released earlier showed that China’s economy grew 7.4% in 2014 from a year earlier, below the government’s official target of 7.5% and the slowest pace since 1990.In the fourth quarter, China’s economy expanded at an annual rate of 7.3%, beating expectations for 7.2% and holding steady from the prior quarter.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1300 TARGET 1305 1311 SL 1294
  • SELL GOLD BELOW 1285 TARGET 1280 1274 SL 1291

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

21Jan
forex-market-hours

IForex Market Trading Signals and News – 21 January 2015

TRADING TIPS :

  • Forex-Dollar remains broadly higher vs. other majors in cautious trade.
  • Forex- GBP/USD rises off multi-month lows in quiet trade.
  • Forex-Dollar rises to one week highs vs. yen after China GDP data.

GBP/USD
GBP/USD hit 1.5144 during European morning trade, the pair’s lowest since January 8; the pair subsequently consolidated at 0.7656, rising 0.28%.Cable was likely to find support at 1.5032, the low of January 8 and an 18- month low and resistance at 1.5236, the high of January 16.The dollar remained broadly supported after the Swiss National Bank shocked markets last Thursday by abandoning its three-year old 1.20 per euro exchange rate cap. Meanwhile, sentiment on the pound remained vulnerable after data last week showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November. The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.

EUR/USD
EUR/USD was steady at 1.1610 following the release of the data, holding above last Friday’s 11-year trough of 1.1459. The euro remained under pressure as investors waited to see if the ECB would embark on an outright quantitative easing program at its upcoming meeting on Thursday.The single currency has been pressured lower by mounting expectations that the ECB will launch a government bond-buying program, in a bid to stave off the threat of deflation in the euro area.Uncertainty over the outcome of Greek elections, due to be held on Sunday, with anti-bailout party Syriza leading in the polls also weighed.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5175-TG: 1.5195/1.5225 SL 1.5145
2. Sell GBP/USD Below 1.5114-TG: 1.5094/1.5064 SL 1.5144

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

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