7Sep

Comex Trading Signals and Market News –7 September 2016

INTERNATIONAL COMMODITY NEWS

  • Gold prices held near a more than one-week high during European hours on Tuesday, as investors awaited fresh signals
    about the timing of a possible U.S. interest rate increase this year.The U.S. Institute of Supply Management is to release data on August service sector activity at 10:00AM ET (14:00GMT) on Tuesday.
  • Brent crude prices edged lower during Europe’s session on Tuesday, as optimism surrounding an agreement between Saudi Arabia and Russia to stabilize the oil market began to fade.On the ICE Futures Exchange in London, Brent oil For November delivery declined 35 cents, or 0.7%, to trade at $47.28 a barrel by 4:15AM ET (08:15GMT).
  • Natural gas futures fell during noon trade in the domestic market on Tuesday as investors and speculators exit positions in the energy commodity amid speculation that peak summer demand for the power plant fuel which is used to fire up air conditioners in the US may be coming to an end.

ECONOMY NEWS

  • A top Federal Reserve official on Tuesday repeated his call for gradual interest rate hikes, evidently unfazed by a slow down in U.S. job gains and sluggishness in the services sector that now has traders betting against any rate hike at all this year.It “makes sense to get back to a pace of gradual rate increases, preferably sooner rather than later,” San Francisco Fed President John Williams said in remarks prepared for delivery to the Hayek Group.
  • The yen gained on Wednesday after downbeat U.S. economic data made a U.S. interest rate increase this month unlikely, prompting investors to trim their dollar bets and triggering stop-loss orders in early Asian trade.The dollar was down 0.5 percent at 101.50 yen after dipping as low as 101.245 earlier, its lowest since Aug. 26 and well below last Friday’s high of 104.32 yen. It tumbled more than 1 percent against its Japanese counterpart on Tuesday.
  • Top British bankers will tell finance minister Philip Hammond on Wednesday to give them a clearer idea of what thecountry’s divorce from the European Union will mean for them when they hold their first meeting since the Brexit vote.Hammond is to meet with executives from major banks and insurers, including Barclays(L:BARC), HSBC (L:HSBA), Standard Life (L:SL) Santander UK, the British arm of Spain’sBanco Santander (MC:SAN), according to sources.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1350 TGT 1355 1360 SL 1345.
  • SELL GOLD BELOW 1347 TGT 1342 1337 SL 1352.

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

6Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 6 September 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 46.1 points or 1.64% higher to 2850.02, taking the year-to-date performance to –
    1.13%.
  • The top active stocks today were Singtel, which gained 2.07%, DBS, which gained 1.46%, CapitaLand, which gained 2.93%, UOB, which gained 1.44% and OCBC Bank, with a 1.40% advance.
  • The FTSE ST Mid Cap Index gained 1.16%, while the FTSE ST Small Cap Index rose 0.73%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which
    rose 3.04%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties ended 3.89% higher and 2.20% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which rose 0.13%. Silverlake Axis shares gained 0.76% and CSE Global declined 1.19%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:STI ETF (+1.75%) ,IS MSCI India ETF (+1.35%) ,DBXT MSCI Thailand TRN ETF (-1.72%)
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (+1.22%) ,CapitaLand Mall Trust (+0.94%) ,Mapletree Com Trust (+1.59%)
    The most active index warrants by value today were:
    HSI23800MBeCW160929 (+35.71%) ,HSI23400MBeCW161028 (+25.78%) ,HSI22800VTeCW160929 (+26.21%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+13.08%) ,OCBC Bk MBeCW170118 (+16.67%) ,DBS MB ePW170201 (-11.54%).

STOCK RECOMMENDATION :

  • BUY NOBLE ABOVE 0.125 TGT 0.135 0.145 SL 0.115.

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

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.

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