24Jun

IForex Market Trading Signals and News – 24 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Pound eases from 6-month highs as Brexit vote gets underway
  • Forex – Aussie, kiwi hit multi-month highs ahead of Brexit vote
  • Forex – Yen holds weaker in Asia ahead of Brexit vote

EUR/USD
EUR/USD is currently trading with a bullish bias. Yesterday, instead of going short as previously forecasted, the pair traded traded long and even broke above the resistance level 1.1291. Following this breakout, we still expect further movements to the upper side but should not go above 1.1411. A clear breakout above this target will push the price to the upper side. This pair should be traded alongside GBP/USD, AUD/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday.

GBP/USD
The pound eased after touching six month highs overnight as voting in a landmark referendum on whether the U.K. should remain in the European Union got underway. GBP/USD was last at 1.4760, up 0.36% for the day after touching highs of 1.4845 overnight, the strongest level since December 31.Sterling reviewed a boost late Wednesday after an opinion poll indicated that support for the Remain campaign edged into the lead.The YouGov poll for The Times newspaper showed that 51% of voters supported the campaign to remain in the EU, with 49% supporting Brexit, after a previous YouGov poll showing a lead for the campaign to leave.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4950 TGT 1.4970 1.5000 SL 1.4920
  • SELL GBP/USD BELOW1.4800 TGT 1.4780 1.4750 SL 1.4830

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

23Jun

Comex Trading Signals and Market News – 23 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil rose further above $50 a barrel on Wednesday supported by an industry report that showed a large drop in U.S. crude inventories and a boost in investor risk appetite ahead of Britain’s referendum on EU membership.U.S. crude inventories fell by 5.2 million barrels, the American Petroleum Institute (API) said on Tuesday, far more than analysts expected.
  • Gold futures extended losses from the prior session in European trade on Wednesday, falling to the lowest level in almost two weeks as investors looked ahead to Thursday’s highly-anticipated referendum on whether Britain will choose to remain in the European Union. Gold for August delivery on the Comex division of the New York Mercantile Exchange fell to an intraday low of $1,263.80 a troy ounce, the weakest since June 9.
  • U.S. natural gas futures rose to a new nine-month high on Tuesday, as forecasts for continued above-normal temperatures across most parts of the U.S. throughout most of summer raised expectations for power generation demand to meet air conditioning needs. Updated forecasts released Monday said temperatures in the Midwest and eastern seaboard will be warmer than previously expected going into the July 4 holiday weekend.

ECONOMY NEWS :

  • The International Monetary Fund said on Wednesday the U.S. economy was “overall in good shape,” with growth set to regain momentum despite an overvalued dollar, but it warned that too many Americans were dropping out of the workforce or living in poverty. The IMF expects U.S. economic growth of 2.2 percent in 2016, a downgrade from 2.4 percent it forecast in April. But the Fund maintained its outlook for growth to recover to 2.5 percent in 2017, with inflation rising slowly toward the Federal Reserve’s goal of two percent, it said in a statement at the conclusion of its annual review of U.S. economic policies.
  • The European Central Bank reinstated Greek banks’ access to its cheap funding operations on Wednesday after more than a year on an emergency lifeline and said it would examine later whether to add Greek debt to its asset purchases. The restoration is a big step toward normalizing an economy that is still in recession, weighed down by capital controls and adjustments related to Greece’s third bailout since 2010, agreed last year and worth up to 86 billion euros ($97 billion).
  • Federal Reserve Chair Janet Yellen said she has not scheduled special meetings for Friday or Saturday in order to respond to the “Brexit” vote in Britain over its membership in the European Union.”Brexit is a risk that we are monitoring. We will be watching closely to see what the vote is and what possible repercussions it might have,” Yellen told lawmakers on Wednesday ahead of Britain’s vote scheduled for Thursday, adding in response to a question over whether she has special meetings scheduled: “No, I have not.”

TRADING STRATEGY :

  • BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1265
  • SELL GOLD BELOW 1260 TARGET 1255 1249 SL 1265

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

23Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 11.42 points or 0.41% lower to 2789.45, taking the year-to-date perform-
    ance to -3.24%.The top active stocks today were Frasers L&I Trust, which closed unchanged, DBS, which
    gained 0.50%, SingTel, which declined 0.26%, OCBC Bank, which declined 0.12% and CapitaMall Trust, with
    a 1.46% fall.
  • The FTSE ST Mid Cap Index declined 0.29%, while the FTSE ST Small Cap Index declined 0.19%.The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.67%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – remained unchanged and
    ended 1.64% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.53%. Silverlake Axis shares declined 2.02% and CSE Global increased 1.16%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (unchanged),SPDR Gold Shares (-0.44%),DBXT FT China 25 ETF 10 (+0.65%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Frasers L&I TR (unchanged),Capitamall Trust (-1.46%),Suntec REIT (+0.60%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (+8.00%),HSI20000MBePW160728 (-13.27%),HSI21400MBeCW160728 (+10.00%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+1.87%),UOB MB eCW161031 (unchanged),OCBC Bk MB eCW161003 (+3.70%).

STOCK RECOMMENDATION :

  • BUY SECURA ABOVE 0.195 TGT 0.203 0.210 SL 0.187

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

23Jun
forex-trading3

IForex Market Trading Signals and News – 23 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling steady on eve of Brexit referendum
  • Forex – Aussie and kiwi move higher vs. weaker greenback
  • Forex – Aussie nearly flat in Asia as Brexit vote in focus

EUR/USD
EUR/USD has posted slight gains on Wednesday, following two days of losses. The pair is trading at 1.1270. On the release front, the Eurozone releases HPI and Consumer Confidence. The US will release Existing Home Sales, with the markets expecting the indicator to improve to 5.53 million. As well, Federal Reserve chair Janet Yellen will testify before the House Financial Services Committee regarding the Fed’s Monetary Policy Report. On Thursday, the US will release Unemployment Claims.With just one day left until the Brexit referendum vote in the UK, the campaign be- tween the “In” and “Out” camps is going down to the wire. Polls continue to predict a very close vote, but market sentiment is leading towards the UK staying within the EU.

GBP/USD
The pound was steady against the dollar on Wednesday, with one day to go before the U.K.’s referendum on European Union membership, as polls showed that the race between the Leave and Remain campaigns remains tight. GBP/USD was at 1.4644, holding below Monday’s six-month highs of 1.4782.An opinion poll on Tuesday showed that the campaign for the U.K. to stay in the EU lost some of its lead ahead of Thursday’s vote.The Survation poll showed that 45% of voters supported the campaign to remain in the EU, with 44% supporting Brexit, as a vote to leave is known. 11% were undecided.This compared to the 45% voting for remain and 42% voting to leave in an earlier survey. Two opinion polls released on Monday indicated that support for the Remain camp had regained its lead after falling behind last week.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4530 TGT 1.4550 1.4580 SL 1.4500
  • SELL GBP/USD BELOW1.4640 TGT 1.4620 1.4590 SL 1.4670

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

22Jun

Comex Trading Signals and Market News – 22 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices pushed lower in European trade on Tuesday, falling for the first time in three days as market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products.Crude oil for August delivery on the New York Mercantile Exchange shed 23 cents, or 0.46%, to trade at $49.73 a barrel by 07:53GMT, or 3:53AM ET, after soaring $1.40, or 2.88%, a day earlier.
  • Gold futures extended losses from the prior session in European trade on Tuesday, as investors awaited testimony by Federal Reserve Chair Janet Yellen while looking ahead to Thursday’s highly-anticipated referendum on whether Britain will choose to remain in the European Union.Gold for August delivery on the Comex division of the New York Mercantile Exchange dipped $5.15, or 0.4%, to trade at $1,286.85 by 06:44GMT, or 2:44AM ET. A day earlier, gold shed $2.70, or 0.21%.
  • Lead futures fell during evening trade in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid sluggish physical demand for Lead by battery-makers in the domestic spot market.Traders also stuck to a cautious approach ahead of the crucial EU referendum on Thursday in which Britain will vote whether to break away from the European Union a move which could hurt the global economy and dampen the appetite for risky assets including commodities and push up the dollar with which metals have an inverse relationship.

ECONOMY NEWS :

  • Hedge funds, banks and insurance companies have recently jumped into “marketplace lending,” drawing the attention of U.S. regulators, who said on Tuesday they are concerned that borrowing by consumers and small businesses through online platforms may pose risks to U.S. financial stability.In its annual review of the U.S. financial system released on Tuesday, the Financial Stability Oversight Council (FSOC) consisting of all the country’s financial regulatory chiefs, also said it is watching events overseas, including this week’s “Brexit” vote and the turmoil in Venezuela. It also noted that China “is in the midst of long-term transitions in its economy,” which could have global implications.
  • Janet Yellen rebuffed any speculation that the Federal Reserve could provide emergency lending to Puerto Rico on Tuesday, telling Congress that any bailout to the debt-ridden commonwealth appears to be outside the U.S. central bank’s authority. “This is inherently a matter for Congress and is not something that’s appropriate for the Federal Reserve,” Yellen said in testimony before the Senate Banking Committee.
  • Financial markets need to consider the risks of relying heavily on the dollar-based London Interbank Offer Rate because this reference rate could stop being published, Federal Reserve Governor Jerome Powell said on Tuesday as a Fed-convened committee continued to zero in on an alternative to the so-called Libor.”Market participants are not used to thinking about this possibility, but benchmarks sometimes come to a halt,” Powell said in prepared remarks in New York for a roundtable discussion on a report on alternative reference rates.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1272 TARGET 1277 1283 SL 1267
  • SELL GOLD BELOW 1269 TARGET 1264 1258 SL 1274

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

22Jun
forex-market-hours

IForex Market Trading Signals and News – 22 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Euro falls to fresh 3-week lows against sterling
  • Forex – Sterling hits 7-week highs ahead of Brexit vote
  • Forex – Aussie rises, kiwi holds steady ahead of Yellen remarks

EUR/USD
EUR/USD is currently trading with a decreasing upward momentum. Yesterday, the pair traded short as previously forecasted but could not hit our target support 1.1291. The previously daily candle is pretty much bearish and may lead to a rally to the lower side. Thus, we still expect further momentum to the lower side probably a break below 1.1291 is likely to push the price further to the lower side but should not go beyond 1.1142. We will only be interested in going long in case the pair clearly break above 1.1403. This pair should be traded alongside NZD/USD, AUD/USD and GBP/USD. These pairs have a strong positive correlation of up to +0.91 and will have a similar price action during this intraday.

GBP/USD
The pound rose to a new seven-week high against the dollar on Tuesday, extending Monday’s gains as opinion polls indicated growing support for a U.K. vote to remain in the European Union ahead of Thursday’s referendum.GBP/USD climbed 0.28% to 1.4767, the highest level since May 3. Sterling climbed around three cents on Monday, in its strongest rally in nearly eight years. Two opinion polls released on Monday indicated that support for the ‘Remain’ campaign had regained its lead over a vote to exit the 28-member bloc.An ORB poll for the Daily Telegraph newspaper showed that 53% of voters supported the Remain campaign, compared with 46% support for the Leave campaign.A poll published by NatCen also showed Remain on 53% and Leave at 47%. But a poll by YouGov for The Times newspaper showed Leave ahead on 44%, with Remain on 42%.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4780 TGT 1.4800 1.4820 SL 1.4750
  • SELL GBP/USD BELOW1.4650 TGT 1.4630 1.4600 SL 1.4680

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

22Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 22 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 11.42 points or 0.41% lower to 2789.45, taking the year-to-date performance to -3.24%.The top active stocks today were Frasers L&I Trust, which closed unchanged, DBS, which gained 0.50%, SingTel, which declined 0.26%, OCBC Bank, which declined 0.12% and CapitaMall Trust, with a 1.46% fall.
  • The FTSE ST Mid Cap Index declined 0.29%, while the FTSE ST Small Cap Index declined 0.19%. The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.67%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – remained unchanged and ended 1.64% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.53%. Silverlake Axis shares declined 2.02% and CSE Global increased 1.16%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (unchanged),SPDR Gold Shares (-0.44%),DBXT FT China 25 ETF 10 (+0.65%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Frasers L&I TR (unchanged),Capitamall Trust (-1.46%),Suntec REIT (+0.60%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (+8.00%),HSI20000MBePW160728 (-13.27%),HSI21400MBeCW160728 (+10.00%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+1.87%),UOB MB eCW161031 (unchanged),OCBC Bk MB eCW161003 (+3.70%).

STOCK RECOMMENDATION :

  • BUY ISR CAPITAL ABOVE 0.102 TGT 0.107 0.112 SL 0.097

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

21Jun
Forex Signals

IForex Market Trading Signals and News – 21 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling soars as Brexit fears ease, yen turns lower
  • Forex – Aussie, kiwi climb against broadly weaker greenback
  • Forex – Yen weaker as safe-haven demand eases on polls, pound gains

EUR/USD
EUR/USD wobbled on the market mood, suffering from the changing sentiment regarding the British EU Referendum. Apart from the event itself, we have key German surveys and PMIs. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. A UK exit of the EU is also seen as a danger for the euro-zone. When opinion polls showed a stronger lead for the Leave campaign, the euro suffered. When the pound recovered, the euro followed. Elsewhere, inflation figures were confirmed at low levels for May but industrial output surprised to the upside. In the US, the Fed was certainly dovish, but the dollar weakness that followed did not last on its own, nor did the positive retail sales. The upcoming week will see the culmination in the UK, the euro-zone and for many other currencies as well.

GBP/USD
GBP/USD surged more than 2% to near one-month highs on Monday, amid shifting public sentiments regarding a potential Brexit, as longstanding concerns related to the U.K.’s possible departure from the European Union continued to ease.The currency pair traded in a broad range between 1.4532 and 1.4719 before settling at 1.4699, up 2.30% on the session. After testing 1.40 last week, a three-month trough last seen in early-March, the British pound has rebounded sharply versus the dollar in each of the last three sessions. The Pound Sterling is now relatively flat against its American counterpart over the last month, erasing considerable losses from the start of June. GBP/USD likely gained support at 1.3852, the low from Feb. 26 and was met with resistance at 1.4770, the high from May 3.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4675 TGT 1.4695 1.4725 SL 1.4645
  • SELL GBP/USD BELOW1.4585 TGT 1.4565 1.4535 SL 1.4615

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

21Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 21 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 28.18 points or 1.02% higher to 2791.6, taking the year-to-date performance to -3.16%. The top active stocks today were DBS, which gained 2.24%, SingTel, which gained 1.58%, OCBC Bank, which gained 2.39%, CityDev, which declined 1.58% and UOB, with a 2.01% advance.
  • The FTSE ST Mid Cap Index gained 0.55%, while the FTSE ST Small Cap Index rose 0.67%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 1.54%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 2.24% higher and 3.25% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.82%. Midas Holdings shares remained unchanged and Geo Energy Resources declined 0.93%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Shares USD Asia HY Bond ETF (-0.47%),STI ETF (+1.42%),SPDR Gold Shares (+0.23%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (unchanged),Suntec REIT (+0.30%),Ascendas REIT (-0.42%).
  • The most active index warrants by value today were : HSI19400UBePW160929 (-11.70%),HSI20000MBePW160728 (-19.86%),HSI21200UBeCW160929 (+20.00%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+15.05%),UOB MB eCW161031 (+12.20%),KepCorp MB eCW161101 (+7.58%).

STOCK RECOMMENDATION :

  • BUY BEST WORLD ABOVE 1.160 TGT 1.205 1.240 SL 1.100

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

20Jun

Comex Trading Signals and Market News – 20 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices rose on Friday for the first time in seven days as markets took a breather from concerns about the impact of Britain’s possible exit from the European Union.Brent crude futures were up 59 cents, or 1.3 percent, at $47.78 a barrel around 0650 GMT after slumping 3.6 percent in the previous session.
  • Gold prices slid lower on Friday, as traders locked in profits from the precious metal’s rally to 23-month highs on Thursday, sparked by a broadly weaker U.S. dollar. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery lost 1.03% to $1,285.05. The August contract ended Thursday’s session 0.78% higher at $1,298.40 an ounce.
  • Copper futures were trading higher in the domestic market on Friday on pick up in spot demand even as metal weakened overseas. Market men attributed the rise in copper futures to a firming trend at the domestic spot market on the back of pick up in industrial demand.

ECONOMY NEWS :

  • The New York Federal Reserve said on Friday it had lowered its forecasts for U.S. economic growth in the second and third quarter largely due to recent negative data on domestic manufacturing activities.U.S. gross domestic product is on track to grow at an annualized pace of 2.1 percent, slower than the 2.4 percent rate estimated two weeks ago, while third-quarter GDP would moderate to a 2.1 percent growth rate from 2.2 percent calculated two weeks earlier, the regional central bank said on its website.
  • The U.S. economy is on track to grow by a 2.8 percent annualized rate in the second quarter following data on housing starts in May, Atlanta Federal Reserve’s GDPNow forecast model showed on Friday. The latest GDP estimate was unchanged from the pace calculated on Tuesday, the regional Fed said on its website.
  • Satisfying new accounting rules for bad loans should not be a burden for small banks, U.S. banking regulators said    on Friday. The Financial Accounting Standards Board this week set a new framework for loan-loss reserves: the formula for how banks should account for bad loans.The rules were conceived to reduce the likelihood that investors will get blindsided by a sudden deluge of bad loans, as they did during the 2007-2009 financial crisis.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1300 TARGET 1305 1311 SL 1295
  • SELL GOLD BELOW 1292.5 TARGET 1287.5 1281.5 SL 1297.5

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

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