24May

Comex Trading Signals and Market News – 24 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled near three-week lows in European trade on Monday, adding to last week’s sharp losses, as markets continued to factor in the possibility of another interest rate hike by the Federal Reserve as early as June. Gold for June delivery on the Comex division of the New York Mercantile Exchange shed $1.90, or 0.15%, to trade at $1,251.00 a troy ounce by 06:45GMT, or 02:45AM ET.
  • Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output, returning investor attention to a global glut.Adding to signs the oil market will remain oversupplied, data showed last week the number of rigs operated by U.S. drillers held steady for the first time this year, following a near two-year slump in the rig count.
  • Natural gas futures jumped more than 2 per cent during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking a bullish trend in the overseas market as a smaller than expected gain in US stockpiles eased worries over a supply glut.

ECONOMY NEWS :

  • Wall Street futures continued to move to the downside on Monday as markets digested the latest remarks on monetary policy from members of the Federal Reserve (Fed) with two more officials to speak later in the day. The blue-chip Dow futures dropped 27 points, or 0.15%, by 11:02GMT, or 5:02AM ET, theS&P 500 futures fell 3 points, or 0.16%, while the tech-heavy Nasdaq 100 futures traded down 4 points, or 0.10%.
  • A relatively tight labor market in the United States may put upward pressure on inflation, raising the case for higher interest rates, St. Louis Federal Reserve President James Bullard said on Monday.The comments come as financial markets have increased expectations for a U.S. interest rate hike in June or July and a range of policymakers are now stating that a rise is firmly on the table for the next policy meeting in June.
  • The president of the Federal Reserve (Fed) of St. Louis James Bullard compared and contrasted the difference between the current projection of the U.S. central bank on tightening monetary policy and market expectations on Monday and concluded that there was evidence to support both forecasts.In a speech titled “Slow normalization or no normalization”, Bullard pointed out that the Fed’s view suggested a gradual pace of rate increases over the next several years, while the market’s projection was much shallower, suggesting only a few increases over the forecast horizon which he considered to be “almost no normalization”.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1256.3 TARGET 1261.3 1267.3 SL 1251.3
  • SELL GOLD BELOW 1247.5 TARGET 1242.5 1236.5 SL 1252.5

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

24May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 24 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.11 points or 0.11% higher to 2766.93, taking the year-to-date performance to -4.02%.
  • The top active stocks today were DBS, which gained 0.53%, Global Logistic, which declined 1.64%, SingTel, which gained 0.78%, OCBC Bank, which gained 0.36% and UOB, with a 0.56% advance.
  • The FTSE ST Mid Cap Index declined 0.08%, while the FTSE ST Small Cap Index rose 0.14%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 0.74%
  • The two biggest stocks of the Index – SingTel and StarHub – ended 0.78% higher and 0.29% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 0.99%. Keppel Corp shares declined 1.12% and Sembcorp Industries declined 1.42%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Nikko AM Singapore STI ETF (+0.35%), STI ETF (+0.36%), SPDR Gold Shares (-0.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.87%), Capitacom Trust (-0.36%), Capitamall Trust (+0.98%)
  • The most active index warrants by value today were : HSI20200MBeCW160629A (-7.50%), HSI20400UBeCW160929 (-5.00%), HSI20800UBeCW160629 (-9.68%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+2.30%), UOB MB eCW160705 (-8.11%), OCBC Bk MB eCW161003 (+3.03%).

STOCK RECOMMENDATION :

  • BUY QT VASCULAR ABOVE 0.088 TGT 0.092 0.094 SL 0.085

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

23May

Comex Trading Signals and Market News – 23 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading higher during noon trade in the domestic market on Friday tracking a bullish trend in the global market as the sharp losses in the previous session amid bets of a Fed rate hike in June offered a good bargain buying opportunity to traders in the precious metal at existing levels.
  • Natural Gas futures fell in the domestic market during noon trade on Friday as investors and speculators exited positions in the energy commodity as rising US supplies signaled weak demand for the power plant fuel in the world’s biggest gas consuming nation.The EIA on Thursday said that US gas stockpiles climbed by 73 billion cubic feet to 2.754 trillion cubic feet in the week ended May 13 2016.
  • Gold prices fell by 0.19 per cent on Friday as market players continued to price in the improved chances of multiple rate increases from the Federal Reserve this year following hawkish comments from the US central bank on the likelihood of a June rate hike. Federal Open Market Committee (FOMC) said in the minutes from its April meeting that it will likely raise short-term rates at its next meeting in June if the economy continues to improve as expected.

ECONOMY NEWS :

  • Japan’s extraordinarily easy monetary policy, a source of friction with the United States for pushing the yen’s value down, has had some positive effects on emerging Asian economies, including increased growth and equity prices, International Monetary Fund researchers have foundThe IMF findings were released in a paper on Friday, as Group of Seven finance ministers and central bank governors began meeting in Japan, where divergent views on Japan’s monetary policy and currency market interventions were expected to be a hot topic.
  • The United States issued a fresh warning to Japan against competitive currency devaluation on Saturday, exposing a rift on exchange-rate policy that overshadowed a Group of 7 finance leaders gathering hosted by the Asian nation. Japan and the United States are at logger-heads over currency policy with Washington saying Tokyo has no justification to intervene in the market to stem yen gains, given the currency’s moves remain “orderly”.
  • A group of global banks and clearing houses, working with U.S. regulators, said on Friday it has identified two possible replacements for Libor, the benchmark interest rate for $160 trillion worth of credit for everything from home mortgages to corporate loans.The Alternative Reference Rates Committee (ARRC) said that together with the Federal Reserve it has identified the Fed’s Overnight Bank Funding Rate (OBFR) and the overnight rate on U.S. Treasury securities pledged as collateral in repurchase, or repo, transactions as alternatives.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1261 TARGET 1266 1272 SL 1256
  • SELL GOLD BELOW 1247 TARGET 1242 1236 SL 1252

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

 

23May
forex-market-hours

IForex Market Trading Signals and News – 23 May 2016

MARKET UPDATES :

  • Forex – USD/CAD trims gains but remains close to 6-week highs
  • Forex – Dollar hits 3-1/2 week highs vs. broadly weaker yen
  • Forex- Dollar moves back higher on upbeat U.S. housing data

EUR/USD
EUR/USD is steady on Friday, continuing the lack of movement which marked the Thursday session. The pair continues to hug the 1.12 line in the European session. On the release front, it’s a quiet end to the trading week. German PPI posted a small gain of 0.1%, edging above the forecast of 0.0%. Eurozone Current Account impressed, as the surplus surged to EUR 27.3 billion, well above the estimate of EUR 19.6 billion. Over in the US, the sole event on the schedule is Existing Home Sales. The markets are expecting an improvement in the April release, with an estimate of 5.40 million.

GBP/USD
GBP/USD is currently trading with a bearish bias. Yesterday, the pair retraced as previously forecasted but did not reach our target 1.4543. As long as the level 1.4543 protects the lower side, expect an upward momentum but should not go above 1.4706-1.4729. Ideally, we anticipate a possible rebound from the level 1.4706 or a break below 1.4543 to go short . In an alternative case scenario, should the pair break above 1.4729, then we expect an acceleration to the upper side. This pair should be traded alongside GBP/JPY, GBP/HKD and GBP/CHF. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4510-1.4508 TGT 1.4490 1.4470 SL 1.4540
  • SELL GBP/USD ABOVE 1.4540 TGT 1.4560 1.4590 SL 1.4510

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

23May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 23.71 points or 0.87% higher to 2763.82, taking the year-to-date performance to -4.12%.
  • The top active stocks today were SingTel, which gained 0.79%, Global Logistic, which declined 1.08%, DBS, which gained 0.80%, OCBC Bank, which gained 0.36% and Ascendas REIT, with a 1.76% advance.
  • The FTSE ST Mid Cap Index gained 0.66%, while the FTSE ST Small Cap Index rose 0.14%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 2.57%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 2.68% higher and 3.31% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.19%. Silverlake Axis shares declined 1.84% and CSE Global remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (-0.61%).,STI ETF (+0.72%), DBXT MSCI Indonesia ETF 10 (-0.59%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.76%), Manulife REIT (unchanged), Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (+13.43%), HSI20400UBeCW160929 (+9.59%), HSI20200MBeCW160629A (+19.40%)

STOCK RECOMMENDATION :

  • BUY ISR CAPITAL ABOVE 0.094 TGT 0.098 0.101 SL 0.089

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

20May

Comex Trading Signals and Market News – 20 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices fell by 1.87 per cent on Thursday as the minutes of the Federal Reserve’s April meeting weighed on the commodity with prospects for a rate hike as early as June expected to boost the greenback further. Federal Reserve sent strong indications in its April minutes that it could raise interest rates next month triggering a rapid increase in the slumping dollar.
  • Gold prices fell as minutes from the Federal Reserve suggested a near-term rate hike is possible. Minutes released by the Federal Reserve from its April policy meeting suggested an interest-rate increase in June was possible if incoming data showed an improving economy.
  • The report released by World Metal Statistics (WBMS) that this year, the global primary aluminum market was in a slight excess supply of 48,000 tons during the first 3 months of this year. The primary aluminum demand during the first 3 months was 13.28 million tons, reducing by 664,000 tons compared with the same period last year.

ECONOMY NEWS :

  • The International Monetary Fund backed Saudi Arabia’s sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices.Late last month, Deputy Crown Prince Mohammed bin Salman announced steps to reduce the kingdom’s dependence on oil exports over the next 15 years, including subsidy cuts, tax rises, sales of state assets, a government efficiency drive and efforts to spur private sector investment.
  • Global economic uncertainties and measures to deal with tax evasion will be among the key topics that finance leaders of the G7 advanced economies will discuss at a weekend meeting, Japanese Finance Minister Taro Aso said on Thursday.Bank of Japan Governor Haruhiko Kuroda also warned that there are “various challenges” that G7 economies need to address as the global economy suffers from subdued growth.
  • The first batch of foreign commercial banks has registered to directly trade yuan used for overseas trade settlement and can begin doing so on Friday, the foreign exchange market operator said. Approved foreign commercial banks include CTBC Bank, Taipei Fubon Bank, Standard Chartered (L:STAN) and Citibank Hong Kong Ltd (C).Foreign central banks have already been approved to trade directly in the country’s massive interbank forex market.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1262 TARGET 1267 1273 SL 1257
  • SELL GOLD BELOW 1252 TARGET 1247 1241 SL 1257

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

20May

IForex Market Trading Signals and News – 20 May 2016

MARKET UPDATES :

  • Forex – Sterling up on retail data, hits 3-1/2 month highs vs. euro
  • Forex – Dollar steady at 7-week highs on rate hike hopes
  • Forex- Aussie, kiwi move lower vs. greenback after Fed minutes

EUR/USD
EUR/USD is unchanged on Thursday, following sharp losses in the Wednesday session. The pair is trading at 1.1210 in the European session. On the release front, the ECB will release the minutes of its April policy meeting. In the US, there are two key releases. Philly Fed Manufacturing Index is expected to climb 3.2 points, while the forecast for Unemployment Claims is 276 thousand. The Federal Reserve minutes hinted that a June hike remains on the table, and EUR/USD responded with sharp losses of about 100 points. According to the minutes, the Fed wants to see stronger growth in Q2 as well as better numbers from the inflation and employment fronts. If this is achieved, the Fed said it “likely would be appropriate” to raise rates at the June meeting.

GBP/USD
The pound extended early gains against the dollar and the euro on Thursday after data showing that U.K. retail sales jumped in April, despite a steep drop in clothing sales which may have been due to unseasonable weather.The Office for National Statistics said retail sales rose 1.3% in April, well above economists’ forecasts for an increase of 0.5%. March’s figures were revised to show a 0.5% drop, a much smaller decline than the initial estimate of a fall of 1.3%.Retail sales volumes were up 4.3% on a year over-year basis, the report said. Sales of most items surged, but clothing sales fell by 6.3% the ONS said, perhaps due to cold weather in April, which hit sales of summer clothes.GBP/USD was up 0.32% at 1.4645 from around 1.4626 ahead of the report.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4700 TGT 1.4720 1.4750 SL 1.4670
  • SELL GBP/USD AROUND 1.4696-1.4693 TGT 1.4673 1.4643 SL 1.4726

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

20May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 37 points or 1.33% lower to 2740.11, taking the year-to-date performance to -4.95%.
  • The top active stocks today were Global Logistic, which declined 3.15%, SingTel, which declined 1.55%, OCBC Bank, which declined 0.36%, DBS, which declined 0.40% and ThaiBev, with a 4.47% fall.
  • The FTSE ST Mid Cap Index declined 1.08%, while the FTSE ST Small Cap Index declined 0.84%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which declined 0.54%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.01% higher and 1.59% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.61%. Keppel Corp shares declined 2.61% and Sembcorp Industries declined 2.86%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.71%), SPDR Gold Shares (-1.35%), Nikko Am Singapore STI ETF (-1.05%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-2.16%), Capitamall Trust (-1.44%), Capitacom Trust (-2.13%)
  • The most active index warrants by value today were : HSI20200MBeCW160629A (-10.67%), HSI21200UBeCW160929 (-9.46%), HSI20400UBeCW160929 (-5.20%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-4.82%), OCBC Bk MBeCW161004 (+2.82%).

STOCK RECOMMENDATION :

  • BUY RAMBA ENERGY ABOVE 0.200 TGT 0.215 0.230 SL 0.185

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

19May

Comex Trading Signals and Market News – 19 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices held near the prior session’s seven-month highs in European trade on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell for the second straight week. The U.S. Energy Information Administration will release its weekly report on oil supplies at 14:30GMT, or 10:30AM ET, amid expectations for a drop of 2.9 million barrels.
  • Gold futures were lower in European trade on Tuesday, after posting modest overnight gains, as market players looked ahead to minutes of the Federal Reserve’s April policy meeting, which many feared could be more hawkish than the statement.Gold for June delivery on the Comex division of the New York Mercantile Exchange dipped $2.00, or 0.16%, to trade at 1,274.80 a troy ounce by 06:46GMT, or 02:46AM ET.
  • Copper prices fell on Wednesday as the dollar rallied after a stream of encouraging US economic data supported the case for more rate rises this year.A US Federal Reserve policymaker said that he will push for an interest rate hike in June or July and two others still see up to three rate increases this year leaving the door open to a change in monetary policy relatively soon.

ECONOMY NEWS :

  • Japan’s gross domestic product (GDP) rose 0.4% on quarter in the first quarter of 2016, the Cabinet Office said on Wednesday. This marked a sharp reversal after a revised 0.4% contraction in the previous quarter. On a yearly basis, GDP surged 1.7% following the downwardly revised 1.1% contraction in the three months prior. Strong consumer demand and higher government spending helped offset relatively weak business investment in January-March quarter.
  • Chinese home prices increased further in April, figures from the National Bureau of Statistics showed Wednesday. On a monthly basis, house prices rose 65 cities out of 70 surveyed by the government, while it fell in 5 cities.The highest increase in house prices were noted in Hefei, by 5.8% and the steepest decline was seen in Jinzhou, by 0.5%. Compared with the same month of last year, house prices grew in 46 cities out of the 70 cities in April, while it dropped 23 cities and remained flat in 1 city.
  • Many euro zone countries do not have the leeway or urgent need to boost fiscal spending, so they should focus on reform instead to lift their growth potential, Jens Weidmann, the head of Germany’s Bundesbank said on Wednesday. An expansionary monetary stance is currently appropriate but should not be maintained longer than absolutely necessary because the negative side effects are increasing with time, Weidmann told Reuters before departing for the G7 summit in Japan.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1272 TARGET 1277 1283 SL 1267
  • SELL GOLD BELOW 1268.8 TARGET 1263.8 1257.8 SL 1273.8

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

19May
Forex trading

IForex Market Trading Signals and News – 19 May 2016

MARKET UPDATES :

  • Forex – Kiwi, Aussie decline vs. broadly stronger greenback
  • Forex – Dollar higher against yen despite upbeat Japan GDP
  • Forex- Dollar rises to 3-1/2 week highs with Fed minutes on tap

EUR/USD
EUR/USD is currently trading with a bearish bias. Yesterday, the pair broke above the resistance level 1.1324, but ended up closing below it. As previously forecasted, we still expect the pair to form a double bottom at the support level 1.1283. Thus, we expect a clear rebound from this support to go long with our target at 1.1324. A clear breakout below this support will invalidate the anticipated double bottom formation and may lead to an acceleration to the lower side. This pair should be traded alongside GBP/USD, AUD/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD
The pound was lower against the broadly stronger dollar on Wednesday, shrugging off a solid U.K. jobs report as investors’ reassessed prospects that the Federal Reserve would soon raise interest rates.The Office for National Statistics reported that the claimant count, which measures the number of people receiving unemployment benefit, fell by 2,400 in April, against expectations for an increase of 4,300.March’s claimant count was revised up to 14,700, the biggest monthly increase since September 2011. The U.K. unemployment rate remained stable at 5.1%, in line with economists’ forecasts.The number of people in work rose by 44,000, bringing the employment rate to a record high of 74.2%.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4530 TGT 1.4550 1.4580 SL 1.4500
  • SELL GBP/USD AROUND 1.4520-1.4518 TGT 1.4500 1.4470 SL 1.4550

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

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