11Aug
forex-trading3

IForex Market Trading Signals and News – 11 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie and kiwi gain ground, eyes on RBNZ meeting
  • Forex – Aussie, yen hold gains in Asia on machinery orders, sentiment
  • Forex – Yen, Aussie rebound in Asia on machinery orders, consumer views

EUR/USD
EUR/USD is currently trading with a declining Bullish bias. Yesterday, the pair rebounded from a key support level 1.1073, headed perfectly long as previously forecasted but is currently finding it hard to break above a key supply zone 1.1147-1.1157. We expect a possible bearish rebound from this zone to go short while a clear breakout above 1.1157 may invalidate the anticipated downward rally. This pair should be traded alongside EUR/HKD, GBP/USD, NZD/USD and AUD/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action duing this intraday.

GBP/USD
GBP/USD is currently trading with slight bearish bias. Earlier today, the pair found a key support around 1.2997, headed long but is yet to reach our target resistance level 1.3099. We expect to continue long up to 1.3099 or even higher to 1.3228. However, as long as the current descending channel protects the upper side, we expect a continuation of the downward rally that began on Thursday the previous week. This pair should be traded alongside GBP/CHF, GBP/JPY, GBP/CAD and GBP/AUD. These pairs have a strong positive correlation of up to +0.86 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3095 TGT 1.3115 1.3145 SL 1.3065
  • SELL GBP/USD BELOW 1.2970 TGT 1.2950 1.2920 SL 1.3000

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

11Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 11 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4.79 points or 0.17% higher to 2875.57, taking the year-to-date performance to – 0.25%.
  • The top active stocks today were DBS, which declined 0.40%, Singtel, which gained closed unchanged, OCBC Bank, which declined 0.12%, UOB, which declined 0.06% and Ascendas REIT, which closed unchanged.
  • The FTSE ST Mid Cap Index gained 0.57%, while the FTSE ST Small Cap Index rose 0.19%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.09%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 2.61% higher and 2.20% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 0.54%. Keppel Corp shares and Sembcorp Industries remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were: DBXT MSCI Thailand TRN ETF (+1.59%) ,SPDR Gold Shares (+1.61%) ,STI ETF (+0.35%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged) ,CapitaLand Mall Trust (-0.91%) ,CapitaLand Commercial Trust (+0.64%)
  • The most active index warrants by value today were : HSI22800VTeCW160929 (-4.55%) ,HSI23800UBeCW161229 (-7.38%) ,HSI23000MBeCW160929 (-6.32%)
  • The most active stock warrants by value today were : DBS MB eCW170201 (unchanged) ,UOB VT eCW161212 (-7.27%) ,DBS VT eCW161212 (-8.62%)

STOCK RECOMMENDATION :

  • BUY WEE HUR ABOVE 0.270 TGT 0.285 0.300 SL 0.255

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

10Aug

Comex Trading Signals and Market News – 10 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil edged further above $45 a barrel on Tuesday as forecasts for a drop in U.S. inventories and speculation of producer action to prop up prices countered concern about a supply glut.Total U.S. crude inventories were expected to fall by 1 million barrels in weekly reports, although market intelligence firm Genscape has reported a rise of more than 307,000 barrels at the Cushing, Oklahoma U.S. crude delivery hub, traders said.
  • Gold prices slumped to a one-week low in European trade on Tuesday, amid growing expectations of a U.S. interest rate hike by the end of this year.Gold for December delivery on the Comex division of the New York Mercantile Exchange fell to a session low of $1,336.70 a troy ounce, the weakest since July 29. It was last at $1,337.15 by 06:59GMT, or 2:59AM ET, down $4.15, or 0.31%.
  • Copper futures fell during late noon trade in the domestic market on Tuesday as investors and speculators cut positions in the industrial metal as improved China inflation data dimmed the case for fresh policy easing dampening demand prospects.China’s producer prices fell 1.7 per cent year on year in July 2016 marking the smallest decline in nearly two years while consumer inflation stood at 2 per cent matching analysts’ estimates.

ECONOMY NEWS :

  • Indonesia’s President Joko Widodo is considering cutting the corporate tax rate to 17 percent from 25 percent to match Singapore’s tax rate, he was quoted as saying on the cabinet secretary’s website on Wednesday.”The thinking is simple. If Singapore’s corporate income tax is 17 percent and ours is 25 percent, everybody will go there,” Widodo told a tax amnesty roadshow on Tuesday night, according to the website.
  • Several U.S. states studied by S&P Global Ratings are ill-equipped to deal with an economic recession, hampered by the slow rebound in U.S. economic growth after the damage wrought by the Great Recession.Fiscal imbalances, slower state tax revenue growth and increased spending on social services have contributed to a challenging economic landscape, as real GDP has only increased at 2.1 percent per year since 2009, S&P said in a report issued on Tuesday.
  • U.S. household debt hit $12.29 trillion in the second quarter, up $434 billion from a year earlier as auto loans and credit card debt increased, a Federal Reserve Bank of New York survey showed on Tuesday.Some 4.8 percent of the outstanding debt was in some stage of delinquency, down from 5.6 percent from a year ago, according to the quarterly household debt and credit report.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1334 TARGET 1339 1345 SL BELOW 1329
  • SELL GOLD BELOW 1328 TARGET 1323 1317 SL ABOVE 1333

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

10Aug
forex-trading3

IForex Market Trading Signals and News – 10 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD falls to fresh 1-month lows on U.K. data
  • Forex – Aussie, kiwi move lower vs. broadly stronger greenback
  • Forex – Aussie down after weak NAB surveys, China prices for July

EUR/USD
EUR/USD is currently trading with a bearish bias. Yesterday, Euro dropped sharply but could not close below 1.1073. The level 1.1073 is a key short term support level and will require a bit of bearish pressure to break below. But as long as the level protects the lower side we expect a possible bullish rebound from this level to go long with an ideal target at 1.111 and 1.1159. This pair should be traded alongside AUD/USD, GBP/USD, NZD/USD and EUR/HKD. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

GBP/USD
The pound fell to fresh one-month lows against the U.S. dollar on Tuesday, after the re- lease of downbeat U.K. manufacturing data added to concerns over the strength of the British economy.GBP/USD hit 1.2968 during European morning trade, the pair’s lowest since July 11; the pair subsequently consolidated at 1.2978, declining 0.47%. Cable was likely to find support at 1.2848, the low of July 11 and resistance at 1.3178, the high of August 5. The U.K. Office for National Statistics said manufacturing production decreased by 0.3% in June, worse than expectations for a decline of 0.2% and following a drop of 0.6% a month earlier that was revised down from an initial 0.5% decrease.On an annualized basis, manufacturing production rose 0.9% in June, worse than forecasts for a 1.3% increase.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3047 TGT 1.3067 1.3097 SL 1.3017
  • SELL GBP/USD BELOW 1.2960 TGT 1.2940 1.2910 SL 1.2990

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

10Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 10 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 42.61 points or 1.51% higher to 2870.78, taking the year-to-date performance to – 0.41%.
  • The top active stocks today were Singtel, which gained 3.19%, DBS, which gained 1.42%, UOB, which gained 0.73%, OCBC Bank, which gained 2.17% and ComfortDelGro, with a 2.87% advance.
  • The FTSE ST Mid Cap Index gained 0.02%, while the FTSE ST Small Cap Index rose 0.06%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.80%.
  • The two biggest stocks of the Index – Singtel and StarHub – ended 3.19% higher and 1.27% lower respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 1.17%. Raffles Medical Group shares declined 1.30% and Riverstone Holdings declined 1.12%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Indonesia ETF (+1.83%) ,SPDR Gold Shares (-2.27%) ,IS MSCI India (+1.79%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : CapitaLand Mall Trust (+2.80%) ,Ascendas REIT (-0.81%) ,CapitaLand Commercial Trust (+1.96%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+16.19%) ,HSI22400UBeCW161028 (+24.55%) ,HSI23000MBeCW160929 (+25.00%)
  • The most active stock warrants by value today were : DBS MB ePW161201 (-8.22%) ,UOB MB eCW161031 (+6.00%) ,UOB MB ePW161201 (-5.00%).

STOCK RECOMMENDATION :

  • BUY CHIWAYLAND INTL ABOVE 0.127 TGT 0.137 0.147 SL 0.117

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

9Aug

Comex Trading Signals and Market News – 09 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices struggled in North American trade on Monday, touching a one-week low after the latest U.S.employment report bolstered expectations of faster economic growth and revived speculation that the Federal Reserve will raise interest rates this year.Gold for December delivery on the Comex division of the New York Mercantile Exchange fell to a session low of $1,335.30 a troy ounce, the weakest since July 29. It was last at $1,341.25 by 12:52GMT, or 8:52AM ET, down $3.15, or 0.23%.
  • Oil prices rallied in European trade on Monday, as renewed hopes for an agreement among exporters to freeze output underpinned the market, although a persistent global oversupply kept gains in check.Several OPEC members want to revive the idea of setting new limits on oil production this fall in an effort to stabilize the market, according to people familiar with the matter.
  • Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for silver as an alternative asset. Stronger greenback makes the shiny metal more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS :

  • Bank of England policymaker Ian McCafferty said more quantitative easing was likely to be required if the U.K.’s economic decline worsens, the Times reported on Tuesday.”Bank rate can be cut further, closer to zero, and quantitative easing can be stepped up”, McCafferty wrote in an op-ed for the Times.
  • Fannie Mae and Freddie Mac, two government-controlled housing finance agencies, would need a big cash injection to weather another financial meltdown, a government regulator said on Monday.Fannie and Freddie would need as much as $126 billion in taxpayer funds to come through a serious downturn, according to a ‘stress test’ from the Federal Housing Finance Agency.
  • Atlante, the fund set up to rescue Italian banks, has already raised more than the 1.6 billion euros ($1.8 billion) it has pledged to buy part of the bad loan portfolio of troubled lender Banca Monte dei Paschi di Siena.Problem loans totaling around 360 billion euros after a three-year recession have become the focus of investor concerns over Italian banks, weighing heavily on their shares and proving a long-lasting headache for the government.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1334 TARGET 1339 1345 SL BELOW 1329
  • SELL GOLD BELOW 1329 TARGET 1324 1318 SL ABOVE 1334

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

9Aug

IForex Market Trading Signals and News – 09 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie holds steady, kiwi slides lower vs. greenback
  • Forex – Aussie, yen weaker after regional trade figures disappoint
  • Forex – Yen holds weaker as Japan trade surplus narrower than seen

EUR/USD
EUR/USD is currently trading with a bearish bias. During the NFP’s results release, Euro markets plunged down to the lower side and is still petty much bearish. We expect a possible bearish price rally towards 1.1047 or even lower. The anticipated downward rally can only be declared valid in case the pair clearly break below 1.1073. A breakout below this level will give us the green light to go short with an ideal target at 1.0959. This pair should be traded alongside NZD/USD, GBP/USD and AUD/USD. These pairs have a strong positive correlation of up to +0.86 and will have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a slight bullish bias. During the previous trading day on Friday, the Cable made a lower low following the NFP’s results release and is still pretty much bearish on the daily chart. During this intraday, we expect further movements to the loweride with the next target at 1.2902 or even lower. This pair should be traded alongside GBP/CAD, GBP/NZD, GBP/JPY, and GBP/AUD. These pairs have a strong positive correlation of up to +0.86 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3100 TGT 1.3120 1.3150 SL 1.3070
  • SELL GBP/USD BELOW 1.3020 TGT 1.3000 1.2980 SL 1.2950

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

9Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 42.61 points or 1.51% higher to 2870.78, taking the year-to-date performance to – 0.41%.
  • The top active stocks today were Singtel, which gained 3.19%, DBS, which gained 1.42%, UOB, which gained 0.73%, OCBC Bank, which gained 2.17% and ComfortDelGro, with a 2.87% advance.
  • The FTSE ST Mid Cap Index gained 0.02%, while the FTSE ST Small Cap Index rose 0.06%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.80%.
  • The two biggest stocks of the Index – Singtel and StarHub – ended 3.19% higher and 1.27% lower respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 1.17%. Raffles Medical Group shares declined 1.30%and Riverstone Holdings declined 1.12%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Indonesia ETF (+1.83%) ,SPDR Gold Shares (-2.27%) ,IS MSCI India (+1.79%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : CapitaLand Mall Trust (+2.80%) ,Ascendas REIT (-0.81%) ,CapitaLand Commercial Trust (+1.96%).
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+16.19%) ,HSI22400UBeCW161028 (+24.55%) ,HSI23000MBeCW160929 (+25.00%)
  • The most active stock warrants by value today were : DBS MB ePW161201 (-8.22%) ,UOB MB eCW161031 (+6.00%) ,UOB MB ePW161201 (-5.00%).

STOCK RECOMMENDATION :

  • BUY CHIWAYLAND INTL ABOVE 0.127 TGT 0.137 0.147 SL 0.117

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

5Aug

Comex Trading Signals and Market News – 05 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices edged lower in European trade on Thursday, after rallying more than 3% overnight after a larger-than- expected gasoline draw eased concerns about global supply glut.Crude oil for September delivery on the New York Mercantile Exchange dipped 7 cents, or 0.14%, to trade at $40.78 a barrel by 07:52GMT, or 3:52AM ET.A day earlier, New York-traded oil jumped $1.32, or 3.34%, after data showed that gasoline supplies in the U.S. fell sharply last week, offsetting a surprise build in crude stockpiles.
  • Gold prices added to overnight losses in European trade on Thursday, as the U.S. dollar strengthened with investors focused on the Bank of England’s policy announcement later in the session.The BOE will release its rate decision, minutes of its Monetary Policy Committee meeting and its quarterly inflation report at 11:00GMT, or 07:00AM ET, on Thursday.
  • Nickel futures tumbled by more than 2 per cent during noon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for nickel from alloy-makers in the spot market. Mixed US economic data signaled an uncertain demand outlook for metals as services activity cooled in July but private employment growth was stronger.

ECONOMY NEWS :

  • The Bank of England cut interest rates on Thursday for the first time since 2009, revived its bond-buying programme and said it would take “whatever action is necessary” to achieve stability in the wake of Britain’s vote to leave the European Union. The central bank said it expected the economy to stagnate for the rest of 2016 and suffer weak growth throughout next year. It cut its main lending rate to a record low 0.25 percent from 0.5 percent, in line with market expectations.
  • U.S. municipal bond funds reported $783.9 million of net inflows in the week ended Aug. 3, compared with $782.9 million in inflows in the previous week, according to data released by Lipper on Thursday.The four-week moving average remained positive at $950.7 million, said Lipper, a unit of Thomson Reuters.
  • China’s economic growth target appears to have meant higher levels of debt to GDP for the country, Dallas Federal Reserve Bank President Robert Kaplan said on Thursday in Shanghai.Kaplan said on Tuesday in Beijing that he is monitoring how slowing growth, high levels of overcapacity and high levels of debt to gross domestic product (GDP) in major economies outside the United States might be impacting economic conditions in the U.S.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1365 TARGET 1370 1376 SL BELOW 1360
  • SELL GOLD BELOW 1358 TARGET 1353 1347 SL ABOVE 1363

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

5Aug

IForex Market Trading Signals and News – 05 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling hits day’s lows after BoE cuts rates, up QE
  • Forex – GBP/USD slips lower ahead of BoE decision
  • Forex – Aussie edges higher, kiwi holds steady vs. greenback

EUR/USD
EUR/USD is currently trading with a bearish bias. Yesterday, instead of going long as previously forecasted, the pair rallied to the lower side and ended up closing below a key support level 1.1159. Although we expect further movements to the lower side, we are waiting for minor retracements to the upper side to give us low risk sell opportunities. This view remains valid as long as the pair trades below 1.1159, a clear breakout above this level may invalidated the anticipated upward rally. Trade Euro alongside EUR/HKD, GBP/USD and AUD/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

GBP/USD
The pound slipped lower against the U.S. dollar on Thursday, as investors remained cautious ahead of the Bank of England’s policy decision, due later in the day, amid mounting expectations for a rate cut.GBP/USD hit 1.3279 during European morning trade, the session low; the pair subsequently consolidated at 1.3301, shedding 0.18%.Cable was likely to find support at 1.3169, the low of August 2 and resistance at 1.3480, the high of July 15.The BoE was expected to lower interest rates by 25 basis points later Thursday, as a string of downbeat economic reports from the U.K. recently sparked concerns over the outlook for growth.Meanwhile, the dollar remained mildly supported after payroll processor ADP said on Wednesday that the U.S. private sector added 179,000 jobs last month, surpassing expectations for an increase of 170,000.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3360 TGT 1.3380 1.3410 SL 1.3330
  • SELL GBP/USD BELOW 1.3060 TGT 1.3030 1.3000 SL 1.3090

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.