27May

Comex Trading Signals and Market News – 27 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were higher in European trade on Thursday, after falling to a seven-week low overnight as investors continued to factor in an increased chance of a near-term U.S. interest rate rise.Odds of a Fed rate hike for June stood at nearly 32% Thursday morning, according to futures markets. July odds were at about 60%.
  • Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing.Oil prices have rallied in recent weeks as a string of outages, due in part to wildfires in Canada and unrest in Nigeria and Libya, knocked out nearly 4 million barrels per day of production.
  • Crude oil prices rose by 1.17 per cent on Thursday boosted after US government figures showed a sharper-than-expected draw down in crude stocks last week.US crude stocks fell 4.2 million barrels to 537.1 million in the week to May 20 the steepest weekly drop in seven weeks the US Department of Energy’s Energy Information Administration said on Wednesday.

ECONOMY NEWS :

  • U.S. labor markets are relatively tight and may put upward pressure on inflation, St. Louis Federal Reserve President James Bullard said on Thursday.”By nearly any metric, U.S. labor markets are at or beyond full employment,” Bullard said in an OMFIF lecture in Singapore.”In short, labor markets are relatively tight,” he said. “This may put upward pressure on inflation going forward.”
  • China will push anti-corruption cooperation when it hosts this year’s G20 summit, Foreign Minister Wang Yi said on Thursday, after it suspended an international anti-corruption task force because domestic companies declined to participate.China suspended the task force, which had been drawing up G20 policies for increasing transparency of offshore financial structures, this year after taking over the G20 presidency, according to sources, who called it a setback to global efforts to crack down on shell companies.
  • The European Central Bank plans an in-depth review of how banks are coping with ultra-low interest rates and aims to establish a more consistent approach to supervising banks with high levels of bad loans, a top ECB regulator said on Thursday.”We plan in-depth reviews of the drivers of banks’ profitability at firm level and across business models,” ECB bank supervision board member Ignazio Angeloni said in a speech.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1231.5 TARGET 1236.5 1242.5 SL 1226.5
  • SELL GOLD BELOW 1225.3 TARGET 1220.3 1214.3 SL 1230.3

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

27May
Forex Signals

IForex Market Trading Signals and News – 27 May 2016

MARKET UPDATES :

  • Forex – Dollar slips lower but remains broadly supported
  • Forex – Sterling edges lower after U.K. growth figures
  • Forex- Yen moves higher as Yellen speech eyed

EUR/USD
EUR/USD rose moderately on Thursday, extending slight gains from the previous session, as foreign exchange traders awaited comments from Janet Yellen for possible signs of whether the Federal Reserve could tighten its monetary policy cycle next while the European Central Bank maintains an unorthodox negative interest rate policy. The currency pair traded between 1.1155 and 1.1217, before settling at 1.1193, up 0.0038 or 0.34% for the session. Despite the brief gains over the last two sessions, the euro is still in the midst of one of its driest spells on the calendar year. Since hitting nine-months in early-May, EUR/USD has fallen considerably by nearly 3%.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1434, the high from May 12.

GBP/USD
The pound edged lower on Thursday after data confirming that the British economy grew 0.4% in the first three months of this year, but business investment unexpectedly fell ahead of the European Union referendum.GBP/USD was last at 1.4687, down from around 1.4722 ahead of the data.The Office of National Statistics said gross domestic product growth slowed to 0.4% in the three months to March, in line with the preliminary esti- mate, from 0.6% in the previous quarter.The annual rate of growth was revised down to 2.0% from 2.1% initially, the ONS said.The report showed that business investment fell during the quarter for the first time in three years amid uncertainty over an upcoming referendum on Britain’s EU membership.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4739 TGT 1.4759 1.4789 SL 1.4709
  • SELL GBP/USD BELOW 1.4677 TGT 1.4657 1.4627 SL 1.4707

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

27May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.43 points or 0.6% higher to 2766.66, taking the year-to-date performance to -4.03%.
  • The top active stocks today were SingTel, which gained 0.26%, DBS, which gained 0.99%, Global Logistic, which gained 0.85%, OCBC Bank, which gained 0.83% and UOB, with a 0.67% advance.
  • The FTSE ST Mid Cap Index gained 0.16%, while the FTSE ST Small Cap Index declined 0.17%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 1.02%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings – ended 1.10% higher and 0.51% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.89%. Silverlake Axis shares declined 0.98% and CSE Global declined 1.11%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.58%), STI ETF (+0.36%), DBXT MSCI Russia Cap 25 ETF 10 (+2.13%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.43%), Capitamall Trust (unchanged), Capitacom Trust (+1.08%)
  • The most active index warrants by value today were : HSI18800MBePW160629 (-35.62%), HSI21000MBeCW160629 (+57.14%), HSC8400UBeCW160629 (+33.33%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+11.77%), OCBC Bk MB eCW161003 (+6.25%), UOB MB eCW160705 (-6.06%)

STOCK RECOMMENDATION :

  • BUY OTTO MARINE ABOVE 0.230 TGT 0.245 0.0.260 SL 0.215

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

26May

Comex Trading Signals and Market News – 26 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures fell during morning trade in the domestic market on Wednesday as investors and speculators exited positions in the precious metal amidst growing speculation that the US Federal Reserve is moving closer to raising interest rates dimming the lure for the bullion as a store of value.
  • Gold prices fell by 0.46 per cent on Wednesday as investors continued to factor in an increased chance of a near-term US interest rate rise. Market players will pay close attention to comments from a number of Fed officials later in the day for further hints on the timing of a US rate hike. Besides the Fed speakers traders will focus on an advanced read on international trade for April and FHFA home prices.
  • Crude oil prices rose by 0.85 per cent on Wednesday after US industry stock data showed a sharp drop at the end of last week. The American Petroleum Institute said that crude oil stock dropped 5.137 million barrels last week compared to a decline of 3.3 million barrels seen as refineries typically ramp up gasoline production as the summer driving season approaches next week in the US with the Memorial Day weekend.

ECONOMY NEWS :

  • German Vice Chancellor Sigmar Gabriel on Wednesday welcomed an overnight euro zone deal with Greece that offers Athens its firmest offer yet of debt relief.”We welcome in particular the Eurogroup (of euro zone finance ministers) fundamentally agreeing on a package of debt relief for Greece,” Gabriel, leader of Germany’s centre-left Social Democrats, said in a written statement sent to Reuters.
  • Regulators have yet to get a firm handle on the world’s $35 trillion shadow banking sector with supervision and data gathering still too patchy for spotting risks properly, the global Financial Stability Board said on Wednesday. Banks face tougher rules since the 2007-09 financial crisis, prompting a shift in risks to shadow banking like repurchase agreements, securitization or pooling of debt, money market funds and securities lending by asset managers.
  • Confidence among Indian businesses fell to a five-month low in May led by weak export orders and higher raw materials costs. The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed companies, fell to 61.8 in May from 62.4 in April. This is the third consecutive decline and was led solely by the manufacturing sector, while sentiment among construction and service sector firms improved.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1230.30 TARGET 1235.30 1241.30 SL 1225.30
  • SELL GOLD BELOW 1220.20 TARGET 1215.20 1209.20 SL 1226.20

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

26May

IForex Market Trading Signals and News – 26 May 2016

MARKET UPDATES :

  • Forex – Dollar dips but remains firm on rate hike view
  • Forex – Aussie and kiwi rise vs. greenback on oil rebound
  • Forex- Dollar edges lower, remains underpinned by robust U.S. housing data

EUR/USD
EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded short and even broke below a very significant support level 1.1166 and is currently retracing towards it. We expect the current upward rally to be a mere upward retracement and should not go above 1.1166. A break above this level will lead to an acceleration to the upper side, but should not close above 1.12177. This pair should be traded alongside NZD/USD, AUDF/USD and ER/HKD. These pairs have a strong positive correlation of up to +0.96 and will likely have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a slight bearish bias. Yesterday, the pair bounced off from the support zone 1.4480-1.4468, headed long and is still pretty much bullish. Following the break above 1.4543, we are very reluctant to go short, instead, we expect the current downward rally to be a mere pullback and should not close below 1.4543. A clear break below 1.4543 will lead to a rally to the lower side while a rebound from 1.4543 will lead to an acceleration to the upper side but should not go above 1.4729. This pair should be traded alongside GBP/CHF, USD/JPY, GBP/JPY and GBP/HKD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intaday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4663 TGT 1.4683 1.4713 SL 1.4633
  • SELL GBP/USD BELOW 1.4601 TGT 1.4581 1.4581 SL 1.4631

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

26May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.43 points or 0.6% higher to 2766.66, taking the year-to-date performance to -4.03%.
  • The top active stocks today were SingTel, which gained 0.26%, DBS, which gained 0.99%, Global Logistic, which gained 0.85%, OCBC Bank, which gained 0.83% and UOB, with a 0.67% advance.
  • The FTSE ST Mid Cap Index gained 0.16%, while the FTSE ST Small Cap Index declined 0.17%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 1.02%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings – ended 1.10% higher and 0.51% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.89%. Silverlake Axis shares declined 0.98% and CSE Global declined 1.11%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.58%), STI ETF (+0.36%), DBXT MSCI Russia Cap 25 ETF 10 (+2.13%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.43%), Capitamall Trust (unchanged), Capitacom Trust (+1.08%)
  • The most active index warrants by value today were : HSI18800MBePW160629 (-35.62%), HSI21000MBeCW160629 (+57.14%), HSC8400UBeCW160629 (+33.33%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+11.77%), OCBC Bk MB eCW161003 (+6.25%), UOB MB eCW160705 (-6.06%)

STOCK RECOMMENDATION :

  • BUY MM2 ASIA ABOVE 0.620 TGT 0.645 0.670 SL 0.590

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

25May

Comex Trading Signals and Market News – 25 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures rose during morning trade in the domestic market on Tuesday amidst firm physical demand for the industrial metal in the domestic spot market. However the gains in the metal were restricted by worries over global growth as manufacturing in the US tumbled to the lowest level since September 2009 with the Markit Manufacturing PMI falling to 50.5 in May from 50.8 in April a tad above the neutral 50-mark.
  • Gold prices fell by 0.11 per cent on Tuesday as comments from Federal Reserve officials added to expectations that a rate hike could come as soon as June. The latest signal came from Philadelphia Federal Reserve Bank President Patrick Harker who said that two to three rate hikes are possible this year if the economy continues to grow as projected.
  • Crude oil prices rose by 0.15 per cent on Tuesday after Germany’s gross domestic product rose in the last quarter signaling bullish sentiment in the region which raised the demand outlook for the fuel. In a report Statistisches Bundesamt Deutschland said that German GDP rose by a seasonally adjusted 0.7 per cent the same as the preceding quarter. Analysts had also expected German GDP to rise 0.7 per cent in the last quarter.

ECONOMY NEWS :

  • Singapore ordered BSI’s operations in the city-state to close, as Switzerland started criminal proceedings against the private bank, in the biggest international crackdown on financial entities dealing with a troubled Malaysian state fund. The Monetary Authority of Singapore (MAS) said on Tuesday it had withdrawn BSI Bank’s status as a merchant bank in Singapore for serious breaches of anti-money laundering rules, the first time in 32 years it has taken such action against a bank.
  • Bank of England Governor Mark Carney defended the central bank’s decision to flag the risks of leaving the European Union on Tuesday, hitting back at one of his toughest critics who has called for him to resign.Carney said the outcome of the June 23 referendum could require the Bank to make a big reassessment to how it sets interest rates, something it needed to explain to businesses and households.
  • Leaders from the Group of Seven advanced economies will examine potential risks to the global economy when they gather this week for their summit in western Japan, government sources told Reuters.While the global economy was not at a critical stage, uncertainty was rising and the G7 leaders were expected to promote a combination of monetary, fiscal and structural policies to spur growth in their communique, the sources, who were not authorized to speak to the media, said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1247 TARGET 1252 1258 SL 1242
  • SELL GOLD BELOW 1240 TARGET 1235 1229 SL 1245

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

25May
forex-trading3

IForex Market Trading Signals and News – 25 May 2016

MARKET UPDATES :

  • Forex – Aussie tumbles on talk of more interest rate cuts
  • Forex – Dollar pushes higher against yen, euro
  • Forex- Sterling jumps as Brexit poll shows ‘Remain’ campaign ahead

EUR/USD
EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair broke below the rising channel and is currently trading below a very significant support level 1.12177. We expect the just broken support level to act as a resistance to the current upward rally. A clear breakout above 1.12177 will lead to an acceleration to the upper-side but should not go beyond 1.1283, while a clear rebound from this level will lead to a downward rally towards 1.1166. Ideally, the anticipated downward rally should be the continuation of wave (c) but should not close below 1.1160. This pair should be traded alongside AUD/USD, EUR/HKD and NZD/USD. These pairs have a strong positive correlation of up to +0.95 and will likely move in a similar direction during this intraday.

GBP/USD
The pound strengthened against the dollar and the euro on Tuesday after a new opinion poll showed the ‘Remain’ campaign with a big lead with one month to go until the referendum on Britain’s European Union membership.GBP/USD was up 0.79% at 1.4599, rebounding from Monday’s lows of 1.4441.The latest ORB poll, published in Tuesday’s Telegraph newspaper, showed that the “Remain’ campaign has a 13-point lead over the ‘Leave’ campaign.support for remaining in the EU stood at 55%, while support for Brexit was at 42%.On Monday, British Prime Minister David Cameron said exiting the EU would be economic self-destruction, as he presented a finance ministry report warning of recession, a sharp fall in the pound and half a million job losses.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4601 TGT 1.4621 1.4651 SL 1.4571
  • SELL GBP/USD BELOW 1.4548 TGT 1.4528 1.4498 SL 1.4578

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

25May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.7 points or 0.6% lower to 2750.23, taking the year-to-date performance to -4.60%.
  • The top active stocks today were Global Logistic, which declined 1.39%, SingTel, which declined 1.55%, DBS, which declined 0.33%, Ascendas REIT, which declined 0.86% and OCBC Bank, with a 0.94% fall.
  • The FTSE ST Mid Cap Index declined 0.33%, while the FTSE ST Small Cap Index declined 0.36%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.68%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 1.21% lower and 3.49% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 3.60%. Silverlake Axis shares declined 4.67% and CSE Global increased 7.14%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.36%), SPDR Gold Shares (-0.59%), DBXT MSCI Thailand TRN ETF 10 (-0.45%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.86%), Capitamall Trust (-0.97%), Capitacom Trust (+0.73%)
  • The most active index warrants by value today were : HSI20200MBeCW160629A (unchanged), HSI20400UBeCW160929 (-2.63%), HSI21200UBeCW160929 (unchanged)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-4.49%), SingTel MB eCW161114 (-3.33%), UOB MB eCW160705 (-2.94%).

STOCK RECOMMENDATION :

  • BUY JUMBO ABOVE 0.545 TGT 0.565 0.585 SL 0.515

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

24May

IForex Market Trading Signals and News – 24 May 2016

MARKET UPDATES :

  • Forex – Yen moves higher after Japan trade data
  • Forex – Dollar little changed, close to 3-week highs
  • Forex- Aussie and kiwi rise vs. greenback amid profit-taking

EUR/USD
The euro slid to the day’s lows on Monday after data showing that growth in the euro area’s private sector slowed to a 16-month low in in May, despite solid growth in Germany and France, as other areas struggled. EUR/USD was down 0.17% at 1.1203, re-approaching last Thursday’s two-month lows of 1.1179. The preliminary reading of the euro zone composite purchasing managers’ index, which measures the combined output of both the manufacturing and service sectors, ticked down to a 16-month low of 52.9 from 53.0 in April.Economists had expected the index to rise to 53.2. The rate of business activity expansion in the dominant service sector was unchanged for a third successive month. But the rate of manufacturing output growth was the second-weakest since February 2015, the report said.

GBP/USD
GBP/USD is currently trading with a slight bullish bias. During the previous trading day on 20th May 2016, the pair traded massively short as previously forecasted and even hit out target support level 1.4480. We expect the current upward rally to be the unfolding of wave (b) and should not break above 1.4543, a beak above this level (1.4543) will lead to an acceleration to the upper side, while a clear rebound from this level will lead to the continuation of wave (c) but should not go below 1.4406. This pair should be traded alongside NZD/USD, AUD/USD and GBP/HKD. These pairs have a strong positive correlation of up to +0.89 and will likely have a similar price action during this week.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4548 TGT 1.4568 1.4598 SL 1.4518
  • SELL GBP/USD BELOW 1.4461 TGT 1.4441 1.4411 SL 1.4491

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

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