1Sep
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IForex Market Trading Signals and News – 1 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie holds steady, kiwi moves higher ahead of U.S. data.
  • Forex – Yen holds slight gains in Asia after industrial output.
  • Forex – Yen gains slightly after flat industrial output in July.

EUR/USD

Yesterday, the impulsive wave E traded short as previously forecasted but is yet to reach our target supportive trend line. Although we expect a momentum to the lower side, we wait for minor corrections to the upper side to give us low risk sell opportunities with an ideal target along the lower supportive trend line. we expect a similar impulsive ally in other positively correlated pairs such as NZD/USD and EUR/USD. This pairs have a strong +ve correlation of up +0.91 and will have a parallel price action during this intraday.

GBP/USD

The pound slipped lower agains the U.S. dollar on Tuesday, re-approaching a one-week trough after the release of downbeat U.K. data and as expectations for a U.S. rate hike before the end of the year continued to support the greenback.GBP/USD hit 1.3060 during European morning trade, the session low; the pair subsequently consolidated at 1.3068, shedding 0.28%.Cable was likely to find support at 1.2871, the low of August 18 and resistance at 1.3280, the high of August 26.The Bank of England earlier reported that net lending to individuals increased by £3.8 billion in July, compared to expectations for a £4.9 billion rise. Net lending to individuals increased by £5.1 billion in June, whose figure was revised from a previously estimated gain of £5.2 billion.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3265 TGT 1.3285 1.3315 SL 1.3235.
  • SELL GBPUSD BELOW 1.3045 TGT 1.3025 1.2995 SL 1.3075.

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

1Sep

Comex Trading Signals and Market News –1 September 2016

INTERNATIONAL COMMODITY NEWS

  • Gold prices fell back towards a two-month low during North American hours on Wednesday, after upbeat U.S. employ-
    ment data added to speculation that the Federal Reserve is gearing up to hike interest rates as soon as next month.Payroll processing firm ADP said that non-farm private employment rose by 177,000 in August, surpassing expectations for an increase of 175,000.
  • Crude oil prices slid on Wednesday, pressured by a strong U.S. dollar and high stocks of physical oil, though prices remained on track for a monthly gain of more than 10 percent.Brent crude oil futures (LCOc1) were trading at $48 per  barrel at 0829 GMT (0429 ET), down 37 cents from the previous close, while U.S. West Texas Intermediate (WTI) crude futures (CLc1) were down 21 cents at $46.14.Oil prices had rallied by more than 20 percent from the beginning of August on hopes that producers were reviving talks on a possible output freeze, setting prices on course for their largest monthly gains since April.
  •  Natural Gas tanked more than 1.5 per cent during evening trade in the domestic market on Monday as investors and speculators exit positions in the energy commodity tracking weakness globally where prices fell on profit taking
    after a stellar rally on a smaller-than-expected US stockpile rise.

ECONOMY NEWS

  • Brazil’s newly confirmed President Michel Temer submitted to Congress a 2017 national budget that limits spending as promised but steers clear of tax hikes that analysts say are needed to quickly rebalance the country’s depleted fiscal
    accounts.In the budget, his government raised its estimate for tax revenues by 26 billion reais ($8.06 billion) and its estimate for revenues from concessions and privatizations by 18.4 billion reais, in order to close a financing gap.
  •  The United States has accused the European Union of grabbing revenue intended for U.S. coffers when it ordered Apple Inc (O:AAPL) to pay up to $14.5 billion in back taxes, a decision that could cause friction at an international summit
    in China next week.The EU executive this week retroactively scrapped a tax deal Apple had with Ireland, arguing the
    technology giant was effectively paying a tax rate of a fraction of 1 percent on its profits.
  • The International Monetary Fund said on Wednesday that it would “be in a position” to lift its censure on Argentina later this year after recent changes the country has made to the way it reports official economic data.Since taking office in December, President Mauricio Macri has overhauled Indec, the national statistics agency that was widely accused of publishing inaccurate data under former leader Cristina Fernandez.

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.

31Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 31 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.98 points or 0.14% higher to 2833.41, taking the year-to-date performance to –
    1.71%.
  • The top active stocks today were Singtel, which declined 0.49%, DBS, which gained 0.13%, UOB, which declined 0.11%,
    OCBC Bank, which declined 0.12% and Keppel Corp, with a 0.76% fall.
  • The FTSE ST Mid Cap Index gained 0.14%, while the FTSE ST Small Cap Index declined 0.07%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.97%. The two biggest
    stocks of the Index – Silverlake Axis and CSE Global- ended 2.48% higher and 2.35% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.39%. Singtel shares declined 0.49% and StarHub declined 1.08%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:IS MSCI India (+2.37% ,STI ETF (unchanged) ,DBXT MSCI Asia Ex Japan ETF (unchanged).
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (+0.41%) ,CapitaLand Mall Trust (+1.42%) ,MMapletree Log Trust (+0.47%)
  • The most active index warrants by value today were:
    HSI23000MBeCW160929 (+13.95%) ,HSI23800UBeCW161229 (+9.35%) ,HSI22800VTeCW160929 (+14.02%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+0.90%) ,DBS MB ePW170201 (-0.94%) ,SGX VT eCW161212 (+5.46%).

STOCK RECOMMENDATION :

  • BUY PEC ABOVE 0.440 TGT 0.460 0.480 SL 0.420.

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

31Aug

Comex Trading Signals and Market News –31 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil futures rose on Tuesday supported by production suspensions in the U.S. Gulf due to an expected tropical storm
    and speculation that producers meeting in Algeria next month will act to prop up prices.Brent crude futures (LCOc1) were trading at $49.73 per barrel at 0924 GMT, up 47 cents from the previous close.U.S. West Texas Intermediate (WTI) crude (CLc1) was up 45 cents at $47.43 a barrel.
  •  Gold prices struggled near a five-week low during European hours on Tuesday, as investors looked ahead to upcoming
    U.S. data to gauge if the world’s largest economy is strong enough to withstand a rise in borrowing costs in the coming  months.The Conference Board is scheduled to release a report on U.S. consumer confidence for August at 10:00AM ET
    (14:00GMT).
  •  Natural Gas tanked more than 1.5 per cent during evening trade in the domestic market on Monday as investors and  speculators exit positions in the energy commodity tracking weakness globally where prices fell on profit taking after a  stellar rally on a smaller-than-expected US stockpile rise.

ECONOMY NEWS

  • Bank of Japan board member Yukitoshi Funo said on Wednesday the central bank will make full use of its existing policy tools to ensure the country’s households and companies eradicate their deflationary mindset.”Japan needs to shift
    away from a deflationary mindset that became entrenched due to a prolonged period of deflation. We’re still halfway in achieving our price target,” Funo said in a speech to business leaders in Niigata, northern Japan.
  •  Some U.S. private equity firms are courting their biggest and savviest investors with privileged access to special fee saving deals without telling other investors, according to people involved in buyout firms’ fundraising.The U.S. Securities and Exchange Commission (SEC) has signalled its interest in overseeing such deals after fining several private equity firms in recent months for improper disclosure of fees.
  • The International Monetary Fund (IMF) is very close to releasing a tranche of aid that would unlock around $2 billion in  extra money, Finance Minister Oleksandr Danylyuk said on Tuesday.A $17.5 billion bailout program has helped Ukraine
    pull itself out of two years of economic recession caused by a separatist conflict in its industrial east. But a third tranche has been delayed since last October due to political upheaval and patchy reform progress.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1321.5 TARGET 1326.5 1332.5 SL BELOW 1316.5.
  • SELL GOLD BELOW 1318 TARGET 1313 1307 SL ABOVE 1323.

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

31Aug

IForex Market Trading Signals and News – 31 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slips lower after downbeat U.K. data.
  • Forex – Aussie, kiwi slip lower vs. broadly stronger greenback.
  • Forex – Yen weaker in Asia as dollar gains continue.

EUR/USD

The pair continued to trade lower in choppy trading on Monday and it finished way above the intraday low at 1.1187, for a small loss of 10 pips or -0.08%. The cross traded in a narrow daily range of 50 pips with a high of 1.1208 and a low of 1.1158. Further, the pair closed the day well below the 61.8% Fibonacci retracement level at 1.13 on Monday. In the absence of fundamentals from Eurozone, all eyes were on the few U.S. announcements of the day. The PCE Index and Personal Spending were both in line with expectations, but the market’s reaction was still bearish regarding the pair as U.S. stock markets rebounded on Monday.

GBP/USD

The pound slipped lower agains the U.S. dollar on Tuesday, re-approaching a one-week trough after the release of downbeat U.K. data and as expectations for a U.S. rate hike before the end of the year continued to support the greenback.GBP/USD hit 1.3060 during European morning trade, the session low; the pair subsequently consolidated at 1.3068,shedding 0.28%.Cable was likely to find support at 1.2871, the low of August 18 and resistance at 1.3280, the high of August 26.The Bank of England earlier reported that net lending to individuals increased by £3.8 billion in July, compared to expectations for a £4.9 billion rise. Net lending to individuals increased by £5.1 billion in June, whose figure was revised from a previously estimated gain of £5.2 billion.

RECOMMENDATION :

BUY GBP/USD ABOVE 1.3130 TGT 1.3150 1.3180 SL 1.3100.
SELL GBP/USD BELOW 1.3050 TGT 1.3030 1.3000 SL 1.3080.

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

30Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 28.22 points or 0.99% lower to 2829.43, taking the year-to-date performance to –
    1.85%.
  • The top active stocks today were Singtel, which declined 2.37%, UOB, which declined 0.28%, DBS, which declined 0.46%,OCBC Bank, which declined 0.46% and ComfortDelGro, with a 0.35% fall.
  • The FTSE ST Mid Cap Index declined 0.45%, while the FTSE ST Small Cap Index declined 0.61%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.63%.
  • The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 3.42% higher and unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.26%. Singtel shares declined 2.37% and StarHub declined 1.07%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:
    iShares USD Asia HY Bond ETF (-0.72%) ,SPDR Gold Shares (-0.40%) ,IS MSCI India (-0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:CapitaLand Mall Trust (-2.32%) ,Ascendas REIT (-0.81%) ,CapitaLand Commercial Trust (-0.97%).
  • The most active index warrants by value today were:
    HSI22800VTeCW160929 (-12.30%) ,HSI23000MBeCW160929 (-13.13%) ,HSI23800UBeCW161229 (-7.76%).
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-7.50%) ,UOB MB eCW170201 (-2.27%) ,OCBC Bk MBeCW170118 (-4.76%).

STOCK RECOMMENDATION :

  • BUY GEOENERGY RES ABOVE 0.128 TGT 0.138 0.148 SL 0.118.

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

30Aug
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IForex Market Trading Signals and News – 30 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie falls to 4-month lows, kiwi holds steady vs. greenback.
  • Forex – Dollar gains furtehr in Asia on Yellen views, yuan drop noted.
  • Forex – Dollar gains in early Asia as Yellen remarks add support.

EUR/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

GBP/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3135 TGT 1.3155 1.3185 SL 1.3105.
  • SELL GBPUSD BELOW 1.3053 TGT 1.3033 1.3003 SL 1.3083.

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

30Aug

Comex Trading Signals and Market News –30 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger
    U.S. dollar weighed on commodities.Iraq, which has exported more crude from its southern ports in August, will continue ramping up output, its oil minister said on Saturday. Top exporter Saudi Arabia has kept output at around record levels this month.
  •  Gold prices were under pressure during European hours on Monday, slumping to a five-week low amid indications the  Federal Reserve is gearing up to hike interest rates as early as next month.Gold for December delivery on the Come  division of the New York Mercantile Exchange touched an intraday low of $1,317.20 a troy ounce, a level not seen since July 26. It was last at $1,320.95 by 3:02AM ET (07:02GMT), down $4.95, or 0.37%
  • Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exit positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for the bullion as an alternative asset.Stronger greenback makes gold more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS

  • South Korea’s extra budget may not be passed by parliament on Tuesday as ruling and opposition lawmakers are at odds over spending details, a senior finance ministry official told Reuters.Ruling and opposition lawmakers had agreed last week to pass the supplementary budget on Aug. 30, but the main opposition Minjoo Party has been arguing for more spending for young children’s education in the plan, which the ruling party is against.
  • In the last financial year before Britain voted to leave the European Union, the country gained more foreign investment projects than ever before, the government said on Tuesday.Some 2,213 investments were made in the year ending in March, up 11 percent from the previous year, the government said. That resulted in the creation or “safeguarding” of 116,000 jobs, it said.
  •  The European Union’s executive said on Monday it had a unanimous mandate from the bloc’s 28 members to finalize negotiations on a free trade deal with the United States, a day after Germany’s economy minister said the talks had “defacto failed”.Sigmar Gabriel of Germany, the EU’s biggest economy, said on Sunday that negotiations over the Transatlantic Trade and Investment Partnership (TTIP) had failed because Europe rejected some U.S. demands.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1321 TARGET 1326 1332 SL BELOW 1316.
  • SELL GOLD BELOW 1316.2 TARGET 1311.2 1305.2 SL ABOVE 1321.2.

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

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.

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