6Sep

Comex Trading Signals and Market News –6 September 2016

INTERNATIONAL COMMODITY NEWS

  • Gold gained in Asia on Tuesday as investors continued to mull the chances of a Fed rate hike this month in the wake of weaker than expected U.S. jobs data at the end of last week.Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.31% to $1,330.85 a troy ounce.
  • Crude gained further in Asia on Tuesday as investors reassessed a new twist in proposals to freeze output by major producers and sent futures sharply higher.Crude oil for October delivery on the New York Mercantile Exchange jumped  2.12% to $45.38 a barrel. On the ICE Futures Exchange in London, Brent oil for November delivery gained 0.29% to $47.77 a barrel.
  •  U.S. natural gas futures fell to the lowest level in nearly two weeks on Monday, as traders reacted to the reality that higher summer demand for the commodity is coming to an end. Demand for natural gas tends to rise in the summer  months as warmer temperatures increase the need for gas-fired electricity to power air conditioning.

ECONOMY NEWS

  • Venezuelan President Nicolas Maduro has enlisted a Spanish academic he has hailed as the “Jesus Christ of economics” to help the South American country manage chronic product shortages.Alfredo Serrano is the only foreigner to form part of the Superior Organ of the Grand Mission of Sovereign Supply, a group of civilians and military officers tapped by socialist President Nicolas Maduro in response to the country’s economic crisis.
  •  More than a third of Arab banks have seen their business links with foreign banks shrink over the past four years because of pressures such as economic sanctions and concern about money laundering, according to a study published  on Monday. “The inability of banks in some Arab countries to enter into correspondent relationships with foreign banks could have a deleterious impact on trade and remittances and ultimately on real economic activity,” the Arab Monetary Fund said in the study.
  • The world’s biggest hedge fund firm thinks that China is preparing for a bust.Ray Dalio’s Bridgewater says that China  has experienced an “unsustainable buildup of credit,” which is “typical of debt boom and busts,” according to a private  note to investors viewed by Business Insider.”This rapid expansion in credit looks like it has created significant vulner abilities in the Chinese financial system at a time when the economy is still near the front end of a material loss cycle,” the note added.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1330 TARGET 1335 1341 SL 1325.
  • SELL GOLD BELOW 1321 TARGET 1316 1310 SL 1326.

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

6Sep
forex2

IForex Market Trading Signals and News – 6 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Dollar dips vs yen after BOJ’s Kuroda disappoints easing bets.
  • Forex – Asia FX up as US jobs data eases Sept Fed rate hike chances.
  • Forex – Dollar firm after U.S. payrolls do little to change Fed expectations.

EUR/USD

The dollar slipped lower against the other major currencies on Monday, as Friday’s downbeat U.S. employment report crushed expectations for a U.S. rate hike in the near future.Trading volumes were expected to remain light with U.S. markets set to remain closed on Monday for the Labor Day holiday.EUR/USD edged up 0.11% to at 1.1167.The greenback remained under pressure after data on Friday showed that the U.S. economy added 151,000 jobs in August, disappointing expectations for an increase of 180,000.The U.S. unemployment rate remained unchanged at 4.9% this month, confounding expectations for a downtick to 4.8%.The report also showed that average hourly earnings rose 0.1% in August, below expectations for a 0.2% increase.

GBP/USD

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slid 0.16% to 96.52, holding above the one-week low of 95.17 struck after Friday’s nonfarm payrolls report.The U.S. economy added 151,000 jobs last month the Labor Department said, below the jobs growth of 180,000 that economists had expected.The data dampened expectations that the Federal Reserve will raise interest rates again this year.The U.S. central bank raised interest rates for the first time in almost a decade in December.Expectations of higher interest rates typically boost the dollar by making it more attractive to yield seeking investors.Sterling was higher, with GBP/USD rising 0.23% to 1.3324 after data showing that activity in Britain’s service sector rebounded strongly last month from a slowdown prompted by June’s vote to exit the European Union.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3330 TGT 1.3350 1.3380 SL 1.3300.
  • SELL GBP/USD BELOW 1.3320 TGTR 1.3300 1.3270 SL 1.3350.

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

5Sep

Comex Trading Signals and Market News –5 September 2016

INTERNATIONAL COMMODITY NEWS

  • Gold prices slipped lower on Friday, as markets turned their attention to the upcoming report on U.S. nonfarm payrolls for further hints on whether or not the Federal Reserve will raise interest rates later this year. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.24% at $1,314.05, just off the four-day high of 1,319.45 hit overnight. The December contract ended Thursday’s session 0.43% higher at $1,317.10 an ounce. Futures were likely to find support at $1,301.50, Thursday’s low and a more than two-month low and resistance at $1,340.50, the high from August 26.Gold prices strengthed briefly  thanks to a weaker U.S. dollar after the Institute for Supply Management said on Thursday that its manufacturing activity index dropped to 49.4 last month from July’s reading of 52.6. It was the worst reading since January and missed expectations for a slight drop to 52.0.  The report came shortly after data showed that U.S. initial jobless claims increased by 2,000 to 263,000 last week, compared to expectations for a 4,000 rise to 265,000.

 

  • U.S. oil futures bounced off three-week lows on Friday, helped by fresh hopes of a production freeze, although gains were limited by  investors’ cautious stance before a U.S. employment report due later in the day. U.S. Crude futures for October delivery were up 1.07% at $43.64 a barrel, off Thursday’s three-week lows of 48.00. On the ICE Futures Exchange in London, the November Brent contract rallied  1.21% to $46.00 a barrel, easing off the previous session’s three-week through of 45.32. Oil prices strengthened after Russian President  Vladimir Putin said in an interview with Bloomberg that an agreement between oil exporters to freeze output would be the right decision   to support the market. OPEC members are set to discuss a potential production cap at a meeting in Algeria later in September. Crude also benefited from a brief decline in the U.S. dollar after the Institute for Supply Management said on Thursday that its manufacturing  activity index dropped to 49.4 last month from July’s reading of 52.6. It was the worst reading since January and missed expectations for a slight drop to 52.0.

 

  • Natural gas futures were trading on a positive note during noon trade in the domestic market on Friday as investors and speculators shrugged off a bigger-than-expected rise in US gas supplies last week. The EIA said that US natural gas storage rose 51 billion cubic feet to 3.401 trillion cubic feet in the week ended August 26 against an expected rise of 41 billion cubic feet addition of 11 billion cubic feet in the prior week 96 billion cubic feet a year earlier and a five-year average of 67 billion cubic feet.

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.

 

5Sep

IForex Market Trading Signals and News – 5 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD holds near one-month highs after U.K. PMI.
  •  Forex – Yen weaker as eyes turn to U.S. jobs, G-20 summit.
  •  Forex – Aussie, yen nearly flat in Asia as U.S. nonfarm payrolls awaited.

EUR/USD

The dollar was mostly unchanged against other major currencies on Friday, as investors remained cautious ahead of a highly-anticipated U.S. employment report amid growing speculation over a near-term rate hike by the Federal Reserve. EUR/USD held steady at 1.1196. The greenback had weakened after the Institute for Supply Management said on Thursday that its manufacturing activity index dropped to 49.4 last month from July’s reading of 52.6. It was the worst reading since January and missed expectations for a slight drop to 52.0.

GBP/USD

The pound held steady near one-month highs against the U.S. dollar on Friday, after the release of upbeat U.K. construction data, as investors remained cautious ahead of a highly-anticipated U.S. employment report due later in the day. GBP/USD hit 1.3293 during European morning trade, the session high; the pair subsequently consolidated at 1.3275. Cable was likely to find support at 1.3123, Thursday’s low and resistance at 1.3372, the high of August 3. Research group Markit said on Friday thats its U.K. construction purchasing managers’ index rose to 49.2 in August from 45.9 the previous month, beating expectations for an increase to 46.1.The data came a day after Markit said its U.K. manufacturing PMI rose to a 10-month high of 53.3 this month from a reading of 48.2 in July.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3290 TGT 1.3310 1.3340 SL 1.3260.
  • SELL GBP/USD BELOW 1.3252 TGT 1.3232 1.3202 SL 1.3282.

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

5Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 5 September 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.96 points or 0.6% lower to 2799.51, taking the year-to-date performance to –
    2.89%.
  • The top active stocks today were Singtel, which declined 2.52%, OUE HTrust, which declined 0.74%, DBS, which
    closed unchanged, JMH USD, which gained 1.08% and UOB, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.26%, while the FTSE ST Small Cap Index rose 0.10%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.42%. The two biggest
    stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 1.08% higher and 0.83% higher
    respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.50%. Singtel shares declined 2.52% and StarHub declined 4.41%.
  • The three most active Exchange Traded Funds (ETFs) by value today were: IS MSCI India (+0.54%), STI ETF (unchanged) ,DBXT MSCI Thailand TRN ETF (-1.55%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (unchanged) ,CapitaLand Mall Trust (-0.93%) ,Suntec REIT (unchanged).
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (+1.53%) ,HSI22800VTeCW160929 (+11.54%) ,HSI23800MBeCW160929 (+1.82%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-1.84%) ,DBS MB ePW170201 (unchanged) ,UOB MB eCW170201 (-3.57%).

STOCK RECOMMENDATION :

  • BUY EZION ABOVE 0.235 TGT 0.250 0.260 SL 0.225.

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

3Sep
25179311.11 (37448937) - 12_02_2016

US dollar gains vs euro, yen on mediocre jobs report

  • The US dollar gained on the euro and yen on Friday after a lackluster US jobs report that supported a Federal Reserve rate rise later this year but not necessarily this month.
  • The US economy pumped out 151,000 net new jobs in August, below the 180,000 expected.
  • It was a solid number, and analysts split on whether it was enough for the Fed to act at its meeting later this month.
  • Although the data wasn’t as strong as the market had expected, it was pretty much good enough that there is a possibility of a Fed hike in September,” said Boris Schlossberg of BK Asset management.

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

2Sep
SGX

Singapore shares close weaker on US rate hike worries; telcos hit

  • THE possibility that US interest rates may be raised sooner rather than later and the possible entry of a fourth telco weighed on sentiment this week, dragging the Straits Times Index (STI) 54 points or 1.9 per cent down to 2,803.92.
  • These fears arose after comments last week by US Federal Reserve chair Janet Yellen at Jackson Hole, Wyomming and have kept a lid on Wall Street stocks and bonds.
  • Here, Singtel was the index’s main loser following developments that have raised the likelihood of a fourth telco entering the segment. On Friday, the stock plunged S$0.10 to S$3.87 on volume of 55.4 million, the largest contributor to the STI’s 12.55 points loss that day. For the week, Singtel lost S$0.35 or 8.3 per cent.

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

2Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 2 September 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2.97 points or 0.11% lower to 2817.62, taking the year-to-date performance to –
    2.26%.
  • The top active stocks today were Singtel, which declined 1.24%, DBS, which gained 0.27%, Ascendas REIT, which
    closed unchanged, UOB, which declined 0.06% and OCBC Bank, with a 0.35% fall.
  • The FTSE ST Mid Cap Index declined 0.04%, while the FTSE ST Small Cap Index declined 0.67%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which
    rose 0.64%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties ended 0.77% higher and 0.55% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 3.12%. Silverlake Axis shares declined 2.99% and CSE Global declined 2.30%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:
    DBXT MSCI Indonesia ETF (-1.32%) ,STI ETF (unchanged) ,SPDR Gold Shares ETF (-0.57%)
  • The three most active Real Estate Investment Trusts (REITs) by value were:
    Ascendas REIT (unchanged) ,CapitaLand Mall Trust (unchanged) ,CapitaLand Commercial Trust (+0.97%)
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (+13.91%) ,HSI23000MBeCW160929 (+22.83%) ,HSI22800VTeCW160929 (+15.04%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+0.93%) ,DBS MB ePW170201 (-1.89%) ,DBS VT eCW161212 (+1.79%).

STOCK RECOMMENDATION :

  • BUY SILVERLAKE AXIS ABOVE 0.670 TGT 0.700 0.720 SL 0.640.

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

2Sep

IForex Market Trading Signals and News – 2 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD climbs near 1-month highs on strong U.K. data.
  • Forex – Aussie, kiwi edge higher vs. greenback on China PMI.
  • Forex – Aussie up on China PMI manufacturing surveys that show expansion.

EUR/USD

The EUR/USD continued to test lows on Wednesday afternoon, with the Euro exchange rates weakened by the morning’s Eurozone data and the US Dollar strengthened in the afternoon by US data.Mortgage applications improved from -2.1% to 2.8% in MBA’s August 26th report, and ADP’s August employment change score was a higher-than-expected  177k. However, the ‘Greenback’ was held back slightly by news that Chicago’s manufacturing PMI score had dropped from 55.8 to 51.5 in August.Confidence in the single currency deteriorated in spite of the German labour market continuing to tighten, with the Euro to Dollar exchange rate prompted to return to a downtrend.

GBP/USD

The pound climbed against the U.S. dollar on Thursday and approached a one-month peak after the release of upbeat U.K. manufacturing activity data added to optimism over the strength of the economy post-Brexit.GBP/USD hit 1.3251 during European morning trade,the pair’s highest since August 26; the pair subsequently consolidated at 1.3242, advancing 0.78%.Cable was likely to find support at 1.3063, Wednesday’s low and resistance at 1.3349, the high if August 4.The pound strengthened after data showed that U.K. manufacturing activity moved back into expansionary territory in August from what had been its worst level since early 2013.

RECOMMENDATION :

  • BUY EUR/USD ABOVE 1.1170 TGT 1.1190 1.1220 SL 1.1150.
  • SELL EUR/USD BELOW 1.1120 TGT 1.1100 1.1070 SL 1.1150.

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

2Sep

Comex Trading Signals and Market News –2 September 2016

INTERNATIONAL COMMODITY NEWS

  • Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving toward a common position on oil production
    that some investors think could support prices.Brent crude futures for November were down 5 cents at $46.84 a barrel
    by 1055 GMT after settling $1.84 lower at Wednesday’s close.U.S. crude futures were unchanged at $44.70 a barrel,
    after falling $1.65 in the previous session.
  • Gold prices steadied above the prior session’s two-month low during European hours on Thursday, as investors looked
    ahead to data on U.S. nonfarm payrolls on Friday to give the market direction.The consensus forecast is that the data
    will show jobs growth of 180,000 in August, following an increase of 255,000 in the preceding month.
  •  Nickel futures were trading higher during the evening trade in the domestic market on Thursday as speculators widened their bets on uptick in demand from alloy-makers at the domestic spot market and a firming trend overseas.Further fresh positions created by traders led by pick-up in demand from alloy-makers at the spot market and a better trend in metals at the LME after China’s official factory gauge unexpectedly rose last month to the highest level in almost 2 years signaling an improved demand outlook in the world’s top metal user supported the uptrend in nickel prices at futures trade.

ECONOMY NEWS

  • The party looked to be waning for some popular investments in the latest week, with investors trimming exposure to U.S.-based funds invested in developing-market bonds, utilities stocks and gold, Lipper data showed on Thursday.Investors’ repositioning in the week through Aug. 31 came as remarks by some monetary policymakers seemed to suggest a U.S. interest rate hike might soon be in the cards.
  •  It’s been two years since India emerged as the world’s fastest-growing major economy, but the rapid expansion has done little to improve the lot of Ashok Kumar.Parked up and sitting on the kerb, the 25-year-old truck driver is going nowhere fast. He is the sole breadwinner for the 13 people in his extended family and his monthly salary is stuck at $150.
  •  Even if a report due Friday shows U.S. companies kept up their rapid pace of hiring in August, there is still enough resis-
    tance among policymakers at the Federal Reserve to delay an interest-rate hike at the bank’s September meeting.Reuters polling forecasts that 180,000 jobs were added last month, well above the 100,000 Fed Chair Janet Yellen says is needed to absorb newcomers to the labor market. At that rate, 2016 would be on pace for more than 2 million new jobs.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1310 TARGET 1315 1321 SL BELOW 1305.
  • SELL GOLD BELOW 1302 TARGET 1297 1291 SL ABOVE 1307.

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

 

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