27Jul
forex-market-hours

IForex Market Trading Signals and News – 27 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen surges 1% as Japan stimulus plans fall short
  • Forex – Kiwi, Aussie move higher ahead of FOMC meeting
  • Forex – Yen gains in Asia as corporate goods up more than expected

EUR/USD
EUR/USD is currently trading with a bullish bias. Yesterday, the pair traded long as previously forecasted but is yet to reach our target resistance level 1.1034. During this intraday, we expect a possible bullish price rally towards 1.1034 or even higher to 1.1054. This pair should be traded alongside NZD/USD, GBP/USD, AUD/USD and AUD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a bearish bias. The cable continues to make lower lows even as Euro push to the upper side. During this intraday, as long as the pair trades below 1.3147, we expect the cable to continue to the lower side but should not go beyond 1.2905. Ideally, the pair should form a double bottom at 1.2905. This pair should be traded alongside GBP/JPY, GBP/CHF, GBP/NZD, and GBP/CAD. These pairs a have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3165 TGT 1.3185 1.3115 SL 1.3135
  • SELL GBP/USD BELOW 1.3055 TGT 1.3035 1.3005 SL 1.3085

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

27Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 27 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.59 points or 0.12% higher to 2933.44, taking the year-to-date performance to +1.76%.
  • The top active stocks today were Singtel, which gained 0.94%, DBS, which declined 0.25%, Ascendas REIT, which gained 3.64%, CapitaLand, which declined 0.63% and OCBC Bank, with a 0.11% fall.
  • The FTSE ST Mid Cap Index gained 0.08%, while the FTSE ST Small Cap Index rose 0.13%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index, which rose 1.30%. The two biggest stocks of the Index – CapitaLand Mall Trust and Ascendas REIT – ended 0.63% lower and 3.64% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 1.07%. Jardine Matheson Holdings shares declined 0.60%and Jardine Strategic Holdings declined 1.60%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (+0.21%) ,SPDR Gold Shares (+0.63%) ,IS MSCI India (+0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+3.64%),CapitaLand Mall Trust (+2.33%) ,CapitaLand Commercial Trust (unchanged).
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+5.98%) ,HSI22200MBeCW160929 (+4.32%) ,HSI21200MBePW160830 (-18.18%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-4.21%),UOB MB eCW161130 (-6.35%) ,OCBC Bk MBeCW161004 (-6.67%).

STOCK RECOMMENDATION :

  • BUY CNMC GOLDMINE ABOVE 0.495 TGT 0.520 0.535 SL 0.470

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

26Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 12.86 points or 0.44% lower to 2932.49, taking the year-to-date performance to +1.73%.
  • The top active stocks today were Singtel, which declined 0.47%, CapitaLand, which gained 1.60%, DBS, which declined 0.31%, UOB, which declined 1.10% and OCBC Bank, with a 1.45% fall.
  • The FTSE ST Mid Cap Index declined 0.25%, while the FTSE ST Small Cap Index declined 0.50%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.57%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 0.28% higher and 0.10% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 2.51%. Raffles Medical Group shares declined 3.40%and Riverstone Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (+0.45%) ,STI ETF (+0.34%) ,IS MSCI India (+0.28%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-2.37%), CapitaLand Mall Trust (-2.27%) ,CapitaLand Commercial Trust (-1.30%)
  • The most active index warrants by value today were : HSI22200MBeCW160929 (unchanged) ,HSI23800UBeCW161229 (-1.68%) ,HSI22400UBeCW161028 (-0.74%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (unchanged) ,UOB MB eCW161130 (-7.35%) ,UOB MB eCW161031 (-5.26%).

STOCK RECOMMENDATION :

  • BUY BESTWORLD ABOVE 1.440 TGT 1.500 1.540 SL 1.370

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

26Jul

Comex Trading Signals and Market News – 26 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices extended losses from the prior session in European trade on Monday, holding near a three-week low as the U.S. dollar hovered at a more than four-month high amid renewed expectations for a Federal Reserve rate hike later this year. Gold for August delivery on the Comex division of the New York Mercantile Exchange fell to a session low of $1,313.10 a troy ounce, just above a three-week low of $1,310.70.
  • Oil prices extended losses from last week in European trade on Monday, as concerns over a global supply glut intensified after data showed that the U.S. oil rig count rose for the fourth week in a row last week.Crude oil for September delivery on the New York Mercantile Exchange fell to a session low of $43.98 a barrel. It last traded at $44.02 by 08:03GMT, or 4:03AM ET, down 17 cents, or 0.38%.
  • Copper futures rose during evening trade in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid hopes that a pickup in the US economy may bolster consumption.A gauge measuring US manufacturing climbed to 52.9 in July from 51.3 in June with a reading above 50 signaling expansion Markit Economics said in a report on Friday.

ECONOMY NEWS :

  • Japan’s government is likely to inject 6 trillion yen ($57 billion) in direct fiscal outlays into the economy over the next few years under a planned stimulus package, double the amount initially planned, the Nikkei newspaper reported on Tuesday. The Finance Ministry had initially earmarked 3 trillion yen for direct spending from national and local governments under its draft fiscal stimulus plan. But the amount was doubled on requests for bigger spending by government officials and ruling party lawmakers, the Nikkei said without citing sources.
  • The U.S. Federal Reserve is preparing an enforcement action againstGoldman Sachs Group Inc (N:GS) related to a leak of confidential government information to one of its employees, the New York Times reported on Monday. The action will include a penalty of less than $50 million, the Times said, citing people briefed on the matter.
  • U.S. Trade Representative Michael Froman told his new British counterpart on Monday that the two countries cannot launch negotiations on bilateral trade and investment deals until more is known about Britain’s future relationship with the European Union.The U.S. Trade Representative’s office said in a statement that Froman told UK Trade Secretary Liam Fox in a meeting in Washington “that the United States will be prepared to engage in conversations with the United Kingdom about how to develop our trade and investment relationship in the best way at the appropriate time.”

TRADING STRATEGY :

  • BUY GOLD ABOVE 1318.58 TARGET 1323.58 1329.58 SL BELOW 1313.58
  • SELL GOLD BELOW 1314 TARGET 1309 1303 SL ABOVE 1319

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

26Jul
forex-trading3

IForex Market Trading Signals and News – 26 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – EUR/USD almost unchanged near 1-month lows
  • Forex – Aussie rises, kiwi holds steady with eyes on central banks
  • Forex – Yen weakens further as investors eye monetary policy divergence

EUR/USD
The euro was almost unchanged near one-month lows against the U.S. dollar, despite the release of upbeat German data, as demand for the greenback remained broadly supported ahead of this week’s policy meeting by the Federal Reserve.EUR/USD hit 1.0953 during European morning trade, the session low; the pair subsequently consolidated at 1.0973. The pair was likely to find support at 1.0908, the low of June 24 and resistance at 1.1042, Friday’s high.Data on Monday showed that the German Ifo business climate index ticked down to 108.3 in July from 108.7 in June, compared to expectations for a drop to 107.5. Meanwhile, upbeat U.S. data released that week continued to support expectations for a rate hike by the U.S. central bank in the near future. While most investors expect the Fed to leave its monetary policy unchanged this week, it could give hints on the timing of future rate hikes.

GBP/USD
The British pound is unchanged at the start of the new trading week. Early in the North American session, GBP/USD is trading slightly above the 1.31 line. On the release front, it’s a quiet start to the week, with just one event on the schedule. British CBI Industrial Order Expectations came in at -4 points, within expectations. There are no US releases on Monday. On Tuesday, the US releases CB Consumer Confidence and New Home Sales, both key indicators. The pound sustained sharp losses on Friday, as British PMIs, important gauges of economic conditions, were unimpressive. Both indicators fell short of the 50-point threshold, indicating contraction in the services and manufacturing sectors. The soft readings are further indication of of economic fallout from the Brexit vote, in which the British electorate voted to leave the European Union.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3160 TGT 1.3180 1.3210 SL 1.3130
  • SELL GBP/USD BELOW 1.3070 TGT 1.3050 1.3020 SL 1.3100

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

25Jul

Comex Trading Signals and Market News – 25 July 2016

INTERNATIONAL COMMODITY NEWS :

  • U.S. oil futures rose on Friday, but remained near two-month lows as concerns over a global supply glut continued to weigh.U.S. crude futures for September delivery added 0.25% to $44.86 a barrel, close to Wednesday’s two-month low of 43.69.On the ICE Futures Exchange in London, the September Brent contract climbed 0.52% to $46.44 a barrel, near a two-month trough of 45.84 hit overnight.
  • Gold prices slipped lower on Friday, as upbeat U.S. data released in the previous session lent support to the U.S. dollar and as the European Central Bank left the door open for further stimulus measures.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery declined 0.37% to $1,326.05.
  • Silver futures were trading lower in the domestic market on Friday as speculators engaged in reducing their positions tracking a weak trend in global markets.Analysts attributed the persistent fall in silver prices at the futures trade to a weak trend in the precious metals in global market as gains in equities and a stronger dollar curbed the demand for the precious metals as a store of value.

ECONOMY NEWS :

  • Central banks from Washington to Tokyo take center stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain’s shock vote to leave the EU. As they wait for political reassurances and greater clarity over the likely impact of the move, central banks have mostly avoided action since Britain’s June 23 referendum, calming jittery markets with verbal assurances but leaving the burden on governments to chart a path.
  • JPMorgan Chase & Co (N:JPM) will stop settling U.S. government securities transactions for most dealers by the end of next year as it streamlines its business, the bank said on Friday.The change would leave BNY Mellon Corp (N:BK) as the only clearing bank for such transactions between dealers and investors.In the first six months of 2016, an average of $504 billion of U.S. Treasuries changed hands per day, down slightly from a daily average of $507 billion for the same year-earlier period, according to data from the Securities Industry and Financial Markets Association.
  • Fiscal and monetary policies are becoming less effective at spurring economic activity so the world’s leading economies need to increase coordination to promote sustainable growth, China’s Finance Minister Lou Jiwei said on Saturday. Lou was speaking at the start of a meeting of Group of 20 finance ministers and central bankers in the southwestern city of Chengdu, where they will confront challenges to global growth exacerbated by Britain’s decision to leave the European Union and consider deeper structural reforms.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1326 TARGET 1331 1337 SL BELOW 1321
  • SELL GOLD BELOW 1321 TARGET 1316 1310 SL ABOVE 1326

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

25Jul
forex-trading3

IForex Market Trading Signals and News – 25 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – EUR/USD little changed after string of PMI reports
  • Forex – GBP/USD moves lower as U.K. PMIs add to post-Brexit fears
  • Forex – Dollar steady vs. euro, yen as focus remains on central banks

EUR/USD
The euro was little changed against the dollar on Friday, after the release of mostly positive data from the euro zone, as markets were still digesting the European Central Bank’s decision on Thursday to leave monetary policy on hold. EUR/USD was little changed at 1.1031, still close to Thursday’s one-month trough of 1.0979. The euro strengthened briefly after ECB President Mario Draghi said on Thursday that European markets weathered the post-Brexit volatility with “encouraging resilience”, but reiterated that the central bank is ready to act by using all the instruments available under its mandate if necessary.Draghi also said the euro zone recovery faces several headwinds, and the risks remain tilted to the downside, citing the UK referendum, slowing emerging markets and the slow pace of structural reforms as key threats.

GBP/USD
The pound moved lower against the U.S. dollar on Friday, after the release of downbeat economic reports from the U.K. added to concerns over the outlook for Britain’s growth following the country’s decision to leave the European Union. GBP/USD hit 1.3173 during European morning trade, the session low; the pair subsequently consolidated at 1.3175, sliding 0.42%. Cable was likely to find support at 1.3061, the low of July 20 and resistance at 1.3313, the high of July 18. Research group Markit said its flash U.K. manufacturing purchasing managers’ index fell to 49.1 in July from a reading of 52.1 in June. Economists had expected the index to fall to 47.8 this month.Meanwhile, the U.K. services PMI dropped to 47.4 in July from a reading of 52.3 in June, compared to expectations for a decline to 48.9.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3110 TGT 1.3130 1.3160 SL 1.3080
  • SELL GBP/USD BELOW 1.3060 TGT 1.3040 1.3010 SL 1.3090

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

25Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4.87 points or 0.17% higher to 2945.35, taking the year-to-date performance to +2.17%.
  • The top active stocks today were Singtel, which gained 1.66%, DBS, which declined 0.06%, Wilmar Intl, which declined 0.97%, UOB, which gained 0.26% and ComfortDelGro, with a 1.73% fall.
  • The FTSE ST Mid Cap Index declined 0.84%, while the FTSE ST Small Cap Index declined 0.24%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.48%.
  • The two biggest stocks of the Index – Singtel and StarHub – ended 1.66% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.45%. Keppel Corp shares declined 1.43% and Sembcorp Industries declined 0.35%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Nikko AM Singapore STI ETF (-0.33%) ,SPDR Gold Shares (+0.21%) ,DBXT MSCI Taiwan ETF (-0.59%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.61%) ,Suntec REIT (-2.52%) ,CapitaLand Commercial Trust (-1.28%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (unchanged) ,HSI22000MBeCW160929 (-0.95%) ,HSI22400UBeCW161028 (+1.50%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-6.86%) ,OCBC Bk MBeCW161004 (-6.98%) ,OCBC Bk MBeCW170118 (-6.25%).

STOCK RECOMMENDATION :

  • BUY 8TELECOM ABOVE 0.150 TGT 0.160 0.170 SL 140

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

23Jul
sgx2

Singapore : Malaysian palm oil price comes off 2-week high, strong demand limits losses

SINGAPORE:

  •  “We are seeing some chart-related selling at current levels, as bargain hunting and short covering start to fade,” said one Kuala Lumpur-based trader, adding though that export sales are expected to remain strong.
  • The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed down 1.5 percent to 2,317 ringgit ($571.6) a tonne. On Thursday, it climbed to 2,368 ringgit, highest since July 5. Volumes stood at 32,734 by close.
  • Malaysian palm oil futures fell on Friday, after climbing to a two-week high in the prior session, although expectations of strong demand for the vegetable oil kept a floor under prices.
  • Exports of Malaysian palm oil products for July 1-20 rose 14 percent from a month earlier, data from cargo surveyor Intertek Testing Services showed, while Societe General de Surveillance reported export growth of 15.3 percent.
  • The market is awaiting the next update on export demand from cargo surveyors due on Monday.
  • “Bullish fundamentals and a weaker ringgit will cushion any attempt to sell,” the Kuala Lumpur trader said.
  • This week, the ringgit has slipped almost 3 percent, its biggest such loss in 10 months, making palm oil cheaper for holders of other currencies.

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

22Jul

Comex Trading Signals and Market News – 22 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices moved slightly higher on Thursday after the U.S. Energy Department reported a ninth consecutive weekly drawdown of crude stocks, although an overall build in oil inventories capped gains.U.S. West Texas Intermediate crude for September delivery (CLc1), the new front-month contract from Thursday, was up 15 cents at $45.90 a barrel at 0800 GMT.
  • Gold prices added to overnight losses in European trade on Thursday, falling to a new three-week low amid renewed expectations for a Federal Reserve rate hike later this year.Gold for August delivery on the Comex division of the New York Mercantile Exchange fell to a session low of $1,310.70 a troy ounce, a level not seen since June 24.
  • Aluminium futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sideline amid muted physical demand for aluminium in the domestic spot market. At the MCX Aluminium futures for July 2016 contract is trading at Rs 109.55 per 10 grams down by 0.18 per cent after opening at Rs 109.75 against a previous close of Rs 109.75. It touched the intra-day low of Rs 109.50.

ECONOMY NEWS :

  • A Chinese central bank official said tax cuts would be a more effective way of stimulating the economy than interest rate cuts, with firms still unwilling to invest, the National Business Daily reported on Friday.Sheng Songcheng, director of the Survey and Statistics Department at the People’s Bank of China, said enterprises were caught in a liquidity trap and regulators should focus more on fiscal policy adjustments, the paper said.
  • Japan is likely to miss its deficit-cutting target in fiscal 2018 because the government has delayed a sales tax hike by more than two years, public broadcaster NHK said on Friday, citing an unidentified source. The Cabinet Office now forecasts the primary budget deficit will be 1.9 percent of gross domestic product in fiscal 2018 from 1.7 percent it projected in January, NHK said.Prime Minister Shinzo Abe’s government has a target of reducing the primary budget deficit to 1 percent of GDP in fiscal 2018.
  • Along a cobblestoned row of restaurants near the Cleveland arena hosting this week’s Republican National Convention, the crowds on the sidewalk were shoulder to shoulder.But just a few blocks from the television cameras and T-shirt stands selling Donald Trump merchandise, traffic was light. The four-day convention ending Thursday actually hurt business, shopkeepers said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1323.5 TARGET 1328.5 1334.5 SL BELOW 1318.5
  • SELL GOLD BELOW 1310 TARGET 1305 1299 SL ABOVE 1315

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

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