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.

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.

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