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.

20Jun
forex-trading3

IForex Market Trading Signals and News – 20 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – USD/JPY holds near 22-month lows after BoJ, Fed statements
  • Forex – USD/CAD trades lower after U.S., Canadian data
  • Forex – Dollar slips lower vs. euro, holds near 22-month lows vs. yen

EUR/USD
The dollar slipped lower against the euro and held steady near 22-month lows against the yen on Friday, as dowbeat U.S. data, as well as the Federal Reserve and the Bank of Japan’s decision to leave monetary policies unchanged continued to weigh on the greenback. EUR/USD edged up 0.17% to trade at 1.1244.Sentiment on the greenback remained vulnerable after the U.S. Department of Labor said on Thursday that the number of individuals filing for initial jobless benefits in the week ending June 11 increased by 13,000 to 277,000.In addition, the U.S. Commerce Department said consumer prices rose 0.2% in May, compared to expectations for a 0.3% gain. Year-over- year, consumer prices were 1.0% higher last month, below expectations for a 1.1% gain.

GBP/USD
GBP/USD rallied more than 1% on Friday, as momentum surrounding the “Leave” campaign slowed for the time being after officials suspended Brexit-related activities for a second straight day following the tragic murder of a British Parliament member.The currency pair traded in a broad range between 1.4199 and 1.4388 before settling at 1.4207, up 1.10% on the session. With the sharp gains, the Pound Sterling enjoyed its strongest one-day move against the dollar in more than a month. At session-lows on Thursday, the pair tested 1.40, its lowest level since early-March. The Pound has still slid more than 1.25% over the last week amid mounting concerns that voters could support a referendum to leave the European Union next Thursday. GBP/USD likely gained support at 1.3852, the low from Feb. 26 and was met with resistance at 1.4693, the high from May 27.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4190 TGT 1.4210 1.4140 SL 1.4160
  • SELL GBP/USD AROUND 1.4420 TGT 1.4440 1.4470 SL 1.4390

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

20Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 20 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 11.86 points or 0.43% higher to 2763.42, taking the year-to-date performance to -4.14%.
  • The top active stocks today were CityDev, which gained 0.57%, DBS, which declined 0.06%, SingTel, which gained 0.27%, JMH USD, which gained 0.66% and UOB, with a 0.17% fall.
  • The FTSE ST Mid Cap Index declined 0.10%, while the FTSE ST Small Cap Index declined 1.13%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 1.06%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties – ended 1.68% higher and 1.12% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 3.76%. Raffles Medical Group shares declined 4.81% and Riverstone Holdings increased 0.57%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.73%), STI ETF (+0.72%), iShares USD Asia Bond ETF (+0.09%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT(+2.61%), Capitamall Trust (+1.49%), Suntec Reit (+1.52%).
  • The most active index warrants by value today were : HSI20600MBeCW160728 (+2.50%), HSI21200UBeCW160929 (unchanged), HSI19400UBePW160929 (-7.57%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (unchanged), UOB MB eCW161031 (-4.65%), OCBC Bk MB ePW161227 (unchanged).

STOCK RECOMMENDATION :

  • BUY RESOURCES PRIMA ABOVE 0.029 TGT 0.031 0.033 SL 0.028

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

17Jun

Comex Trading Signals and Market News – 17 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures were trading lower during the evening trade in the domestic market on Thursday on worries that Britain may vote to exit the EU next week drove investors away from risky assets.Investors focus shifted to safe-haven assets amid global worries weighed on Copper futures.
  • Gold futures were trading higher during the afternoon trade in the domestic market on Thursday as speculators raised their bets after the precious metal climbed above USD 1300 an ounce in the global markets.Rally in gold prices in the global market where it again went past USD 1300 after the US Fed scaled back the outlook for interest-rate increase and US Fed Chair Janet Yellen signaled rates may stay lower for longer raised appeal of the yellow metal influenced gold futures in domestic market.
  • Silver futures closed lower during the evening trade in the domestic market on Wednesday as speculators trimmed their exposure amid a weak trend in global markets.Speculators indulged in trimming of positions at existing levels and a weak trend in precious metals globally kept pressure on Silver futures.

ECONOMY NEWS :

  • The Federal Reserve left rates on hold on Wednesday and lowered projections for how much they will rise in the coming years.”We are quite uncertain about where rates are heading in the longer term,” Fed Chair Janet Yellen said. The U.S. central bank indicated that it still planned two hikes this year.The Fed lowered its growth forecast for 2016 to 2% from 2.2% and its outlook for 2017 to 2% from 2.1%.
  • The European Central Bank (ECB) and the Bank of England (BoE)have agreed to provide liquidity to each other if    needed, ECB governing council member Ewald Nowotny said ahead of Britons’ June 23 vote on whether to stay in the European Union. “There are agreements between the (ECB and the BoE) for mutual liquidity help, which means that if necessary it will be assured that there would not be liquidity bottlenecks either at English banks or at European banks,” Nowotny said on Thursday.
  • Global bonds extended this week’s rally on Thursday, with yields on Japanese and German 10-year government bonds dropping deeper into negative territory as investors digested the latest monetary policy decisions from the Federal Reserve and Bank of Japan, while continuing to worry about a potential U.K. exit from the European Union. The 10-year Japanese government bond yield hit a record low of -0.202% before climbing back to -0.198% by 09:25GMT, or 5:25AM ET. A negative yield implies investors are paying borrowers for the privilege of parking their cash. Bond prices move inversely to yields.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1302 TARGET 1307 1313 SL 1297
  • SELL GOLD BELOW 1300 TARGET 1295 1289 SL 1300

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

17Jun
forex-trading3

IForex Market Trading Signals and News – 17 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen soars as Bank of Japan holds off from further easing
  • Forex – Sterling trims losses after UK retail data, BoE ahead
  • Forex – Dollar index moves lower after Fed statement

EUR/USD
EURUSD bounced off the 1.120 support level and looks to be ranging within 1.130 and 1.120 levels. The minor resistance at 1.130 – 1.1285 was tested briefly yesterday with prices being rejected at this level. A break above 1.130 is required for EUR/USD to extend its gains towards 1.1380. To the downside, prices are likely to remain range bound above 1.1217 levels. A break below this support could see EURUSD test the lower end at 1.11430. We could, therefore, expect EURUSD to remain range bound in the near term with further gains or declines coming on a break of the respective resistance or support levels.

GBP/USD
The pound trimmed losses against the dollar on Thursday as data showing a surge in U.K. retail sales in May indicated that the economy is holding up despite uncertainty over next week’s European Union membership referendum.GBP/USD was at 1.4162, up from earlier lows of 1.4121The pound found support after the Office for National Statistics said retail sales rose 6.0% in May from the same month a year earlier, the biggest annual rise since September., Economists had expected a 3.9% increase. April’s retail sales growth was revised up to 5.2% from 4.3%, the ONS said.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4192 TGT 1.4212 1.4142 SL 1.4162
  • SELL GBP/USD BELOW 1.4120 TGT 1.4100 1.4070 SL 1.4150

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

17Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 17 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 22.69 points or 0.82% lower to 2751.56, taking the year-to-date performance to -4.55%.
  • The top active stocks today were DBS, which declined 0.89%, SingTel, which declined 0.79%, OCBC Bank, which declined 1.18%, UOB, which declined 1.05% and Keppel Corp, with a 1.86% fall.
  • The FTSE ST Mid Cap Index declined 0.85%, while the FTSE ST Small Cap Index declined 1.20%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which declined 0.16%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 0.70% higher and 1.26% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.39%. Silverlake Axis shares declined 2.94% and CSE Global declined 1.16%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.95%), STI ETF (-1.06%), IS MSCI India 100 (-0.74%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (unchanged), Capitacom Trust (+0.36%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (-22.33%), HSI22400UBeCW161028 (-24.29%), HSI21400MBeCW160728 (-28.30%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-7.00%), UOB MB eCW161031 (-8.51%), DBS MB ePW161003 (+6.41%)

STOCK RECOMMENDATION :

  • BUY ANCHOR RESOURCES ABOVE 0.118 TGT 0.124 0.128 SL 0.112

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

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