2Sep

IForex Market Trading Signals and News – 2 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD climbs near 1-month highs on strong U.K. data.
  • Forex – Aussie, kiwi edge higher vs. greenback on China PMI.
  • Forex – Aussie up on China PMI manufacturing surveys that show expansion.

EUR/USD

The EUR/USD continued to test lows on Wednesday afternoon, with the Euro exchange rates weakened by the morning’s Eurozone data and the US Dollar strengthened in the afternoon by US data.Mortgage applications improved from -2.1% to 2.8% in MBA’s August 26th report, and ADP’s August employment change score was a higher-than-expected  177k. However, the ‘Greenback’ was held back slightly by news that Chicago’s manufacturing PMI score had dropped from 55.8 to 51.5 in August.Confidence in the single currency deteriorated in spite of the German labour market continuing to tighten, with the Euro to Dollar exchange rate prompted to return to a downtrend.

GBP/USD

The pound climbed against the U.S. dollar on Thursday and approached a one-month peak after the release of upbeat U.K. manufacturing activity data added to optimism over the strength of the economy post-Brexit.GBP/USD hit 1.3251 during European morning trade,the pair’s highest since August 26; the pair subsequently consolidated at 1.3242, advancing 0.78%.Cable was likely to find support at 1.3063, Wednesday’s low and resistance at 1.3349, the high if August 4.The pound strengthened after data showed that U.K. manufacturing activity moved back into expansionary territory in August from what had been its worst level since early 2013.

RECOMMENDATION :

  • BUY EUR/USD ABOVE 1.1170 TGT 1.1190 1.1220 SL 1.1150.
  • SELL EUR/USD BELOW 1.1120 TGT 1.1100 1.1070 SL 1.1150.

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

2Sep

Comex Trading Signals and Market News –2 September 2016

INTERNATIONAL COMMODITY NEWS

  • Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving toward a common position on oil production
    that some investors think could support prices.Brent crude futures for November were down 5 cents at $46.84 a barrel
    by 1055 GMT after settling $1.84 lower at Wednesday’s close.U.S. crude futures were unchanged at $44.70 a barrel,
    after falling $1.65 in the previous session.
  • Gold prices steadied above the prior session’s two-month low during European hours on Thursday, as investors looked
    ahead to data on U.S. nonfarm payrolls on Friday to give the market direction.The consensus forecast is that the data
    will show jobs growth of 180,000 in August, following an increase of 255,000 in the preceding month.
  •  Nickel futures were trading higher during the evening trade in the domestic market on Thursday as speculators widened their bets on uptick in demand from alloy-makers at the domestic spot market and a firming trend overseas.Further fresh positions created by traders led by pick-up in demand from alloy-makers at the spot market and a better trend in metals at the LME after China’s official factory gauge unexpectedly rose last month to the highest level in almost 2 years signaling an improved demand outlook in the world’s top metal user supported the uptrend in nickel prices at futures trade.

ECONOMY NEWS

  • The party looked to be waning for some popular investments in the latest week, with investors trimming exposure to U.S.-based funds invested in developing-market bonds, utilities stocks and gold, Lipper data showed on Thursday.Investors’ repositioning in the week through Aug. 31 came as remarks by some monetary policymakers seemed to suggest a U.S. interest rate hike might soon be in the cards.
  •  It’s been two years since India emerged as the world’s fastest-growing major economy, but the rapid expansion has done little to improve the lot of Ashok Kumar.Parked up and sitting on the kerb, the 25-year-old truck driver is going nowhere fast. He is the sole breadwinner for the 13 people in his extended family and his monthly salary is stuck at $150.
  •  Even if a report due Friday shows U.S. companies kept up their rapid pace of hiring in August, there is still enough resis-
    tance among policymakers at the Federal Reserve to delay an interest-rate hike at the bank’s September meeting.Reuters polling forecasts that 180,000 jobs were added last month, well above the 100,000 Fed Chair Janet Yellen says is needed to absorb newcomers to the labor market. At that rate, 2016 would be on pace for more than 2 million new jobs.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1310 TARGET 1315 1321 SL BELOW 1305.
  • SELL GOLD BELOW 1302 TARGET 1297 1291 SL ABOVE 1307.

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

 

1Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 1 September 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 7.8 points or 0.28% lower to 2820.59, taking the year-to-date performance to -2.16%.
  • The top active stocks today were Singtel, which declined 1.95%, DBS, which declined 0.40%, UOB, which gained 0.17%,OCBC Bank, which gained 0.23% and Ascendas REIT, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.20%, while the FTSE ST Small Cap Index rose 0.07%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 5.80%.
  • The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 8.07% higher and unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.90%. Singtel shares declined 1.95% and StarHub declined 1.88%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:IS MSCI India (+2.04%) ,STI ETF (-0.69%) ,DBXT MSCI Indonesia ETF (+0.56%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (unchanged) ,CapitaLand Mall Trust (+0.94%) ,Suntec REIT (-0.89%).
  • The most active index warrants by value today were:
    HSI22800VTeCW160929 (-7.38%) ,HSI23800UBeCW161229 (-1.71%) ,HSI23000MBeCW160929 (-6.12%).
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-3.57%) ,UOB MB eCW170201 (-2.33%),OCBC Bk MBeCW170118 (-2.56%).

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.

1Sep
forex text and business graph 3d rendered

IForex Market Trading Signals and News – 1 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie holds steady, kiwi moves higher ahead of U.S. data.
  • Forex – Yen holds slight gains in Asia after industrial output.
  • Forex – Yen gains slightly after flat industrial output in July.

EUR/USD

Yesterday, the impulsive wave E traded short as previously forecasted but is yet to reach our target supportive trend line. Although we expect a momentum to the lower side, we wait for minor corrections to the upper side to give us low risk sell opportunities with an ideal target along the lower supportive trend line. we expect a similar impulsive ally in other positively correlated pairs such as NZD/USD and EUR/USD. This pairs have a strong +ve correlation of up +0.91 and will have a parallel price action during this intraday.

GBP/USD

The pound slipped lower agains the U.S. dollar on Tuesday, re-approaching a one-week trough after the release of downbeat U.K. data and as expectations for a U.S. rate hike before the end of the year continued to support the greenback.GBP/USD hit 1.3060 during European morning trade, the session low; the pair subsequently consolidated at 1.3068, shedding 0.28%.Cable was likely to find support at 1.2871, the low of August 18 and resistance at 1.3280, the high of August 26.The Bank of England earlier reported that net lending to individuals increased by £3.8 billion in July, compared to expectations for a £4.9 billion rise. Net lending to individuals increased by £5.1 billion in June, whose figure was revised from a previously estimated gain of £5.2 billion.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3265 TGT 1.3285 1.3315 SL 1.3235.
  • SELL GBPUSD BELOW 1.3045 TGT 1.3025 1.2995 SL 1.3075.

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

1Sep

Comex Trading Signals and Market News –1 September 2016

INTERNATIONAL COMMODITY NEWS

  • Gold prices fell back towards a two-month low during North American hours on Wednesday, after upbeat U.S. employ-
    ment data added to speculation that the Federal Reserve is gearing up to hike interest rates as soon as next month.Payroll processing firm ADP said that non-farm private employment rose by 177,000 in August, surpassing expectations for an increase of 175,000.
  • Crude oil prices slid on Wednesday, pressured by a strong U.S. dollar and high stocks of physical oil, though prices remained on track for a monthly gain of more than 10 percent.Brent crude oil futures (LCOc1) were trading at $48 per  barrel at 0829 GMT (0429 ET), down 37 cents from the previous close, while U.S. West Texas Intermediate (WTI) crude futures (CLc1) were down 21 cents at $46.14.Oil prices had rallied by more than 20 percent from the beginning of August on hopes that producers were reviving talks on a possible output freeze, setting prices on course for their largest monthly gains since April.
  •  Natural Gas tanked more than 1.5 per cent during evening trade in the domestic market on Monday as investors and speculators exit positions in the energy commodity tracking weakness globally where prices fell on profit taking
    after a stellar rally on a smaller-than-expected US stockpile rise.

ECONOMY NEWS

  • Brazil’s newly confirmed President Michel Temer submitted to Congress a 2017 national budget that limits spending as promised but steers clear of tax hikes that analysts say are needed to quickly rebalance the country’s depleted fiscal
    accounts.In the budget, his government raised its estimate for tax revenues by 26 billion reais ($8.06 billion) and its estimate for revenues from concessions and privatizations by 18.4 billion reais, in order to close a financing gap.
  •  The United States has accused the European Union of grabbing revenue intended for U.S. coffers when it ordered Apple Inc (O:AAPL) to pay up to $14.5 billion in back taxes, a decision that could cause friction at an international summit
    in China next week.The EU executive this week retroactively scrapped a tax deal Apple had with Ireland, arguing the
    technology giant was effectively paying a tax rate of a fraction of 1 percent on its profits.
  • The International Monetary Fund said on Wednesday that it would “be in a position” to lift its censure on Argentina later this year after recent changes the country has made to the way it reports official economic data.Since taking office in December, President Mauricio Macri has overhauled Indec, the national statistics agency that was widely accused of publishing inaccurate data under former leader Cristina Fernandez.

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.

31Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 31 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.98 points or 0.14% higher to 2833.41, taking the year-to-date performance to –
    1.71%.
  • The top active stocks today were Singtel, which declined 0.49%, DBS, which gained 0.13%, UOB, which declined 0.11%,
    OCBC Bank, which declined 0.12% and Keppel Corp, with a 0.76% fall.
  • The FTSE ST Mid Cap Index gained 0.14%, while the FTSE ST Small Cap Index declined 0.07%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.97%. The two biggest
    stocks of the Index – Silverlake Axis and CSE Global- ended 2.48% higher and 2.35% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.39%. Singtel shares declined 0.49% and StarHub declined 1.08%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:IS MSCI India (+2.37% ,STI ETF (unchanged) ,DBXT MSCI Asia Ex Japan ETF (unchanged).
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (+0.41%) ,CapitaLand Mall Trust (+1.42%) ,MMapletree Log Trust (+0.47%)
  • The most active index warrants by value today were:
    HSI23000MBeCW160929 (+13.95%) ,HSI23800UBeCW161229 (+9.35%) ,HSI22800VTeCW160929 (+14.02%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+0.90%) ,DBS MB ePW170201 (-0.94%) ,SGX VT eCW161212 (+5.46%).

STOCK RECOMMENDATION :

  • BUY PEC ABOVE 0.440 TGT 0.460 0.480 SL 0.420.

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

31Aug

Comex Trading Signals and Market News –31 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil futures rose on Tuesday supported by production suspensions in the U.S. Gulf due to an expected tropical storm
    and speculation that producers meeting in Algeria next month will act to prop up prices.Brent crude futures (LCOc1) were trading at $49.73 per barrel at 0924 GMT, up 47 cents from the previous close.U.S. West Texas Intermediate (WTI) crude (CLc1) was up 45 cents at $47.43 a barrel.
  •  Gold prices struggled near a five-week low during European hours on Tuesday, as investors looked ahead to upcoming
    U.S. data to gauge if the world’s largest economy is strong enough to withstand a rise in borrowing costs in the coming  months.The Conference Board is scheduled to release a report on U.S. consumer confidence for August at 10:00AM ET
    (14:00GMT).
  •  Natural Gas tanked more than 1.5 per cent during evening trade in the domestic market on Monday as investors and  speculators exit positions in the energy commodity tracking weakness globally where prices fell on profit taking after a  stellar rally on a smaller-than-expected US stockpile rise.

ECONOMY NEWS

  • Bank of Japan board member Yukitoshi Funo said on Wednesday the central bank will make full use of its existing policy tools to ensure the country’s households and companies eradicate their deflationary mindset.”Japan needs to shift
    away from a deflationary mindset that became entrenched due to a prolonged period of deflation. We’re still halfway in achieving our price target,” Funo said in a speech to business leaders in Niigata, northern Japan.
  •  Some U.S. private equity firms are courting their biggest and savviest investors with privileged access to special fee saving deals without telling other investors, according to people involved in buyout firms’ fundraising.The U.S. Securities and Exchange Commission (SEC) has signalled its interest in overseeing such deals after fining several private equity firms in recent months for improper disclosure of fees.
  • The International Monetary Fund (IMF) is very close to releasing a tranche of aid that would unlock around $2 billion in  extra money, Finance Minister Oleksandr Danylyuk said on Tuesday.A $17.5 billion bailout program has helped Ukraine
    pull itself out of two years of economic recession caused by a separatist conflict in its industrial east. But a third tranche has been delayed since last October due to political upheaval and patchy reform progress.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1321.5 TARGET 1326.5 1332.5 SL BELOW 1316.5.
  • SELL GOLD BELOW 1318 TARGET 1313 1307 SL ABOVE 1323.

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

31Aug

IForex Market Trading Signals and News – 31 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slips lower after downbeat U.K. data.
  • Forex – Aussie, kiwi slip lower vs. broadly stronger greenback.
  • Forex – Yen weaker in Asia as dollar gains continue.

EUR/USD

The pair continued to trade lower in choppy trading on Monday and it finished way above the intraday low at 1.1187, for a small loss of 10 pips or -0.08%. The cross traded in a narrow daily range of 50 pips with a high of 1.1208 and a low of 1.1158. Further, the pair closed the day well below the 61.8% Fibonacci retracement level at 1.13 on Monday. In the absence of fundamentals from Eurozone, all eyes were on the few U.S. announcements of the day. The PCE Index and Personal Spending were both in line with expectations, but the market’s reaction was still bearish regarding the pair as U.S. stock markets rebounded on Monday.

GBP/USD

The pound slipped lower agains the U.S. dollar on Tuesday, re-approaching a one-week trough after the release of downbeat U.K. data and as expectations for a U.S. rate hike before the end of the year continued to support the greenback.GBP/USD hit 1.3060 during European morning trade, the session low; the pair subsequently consolidated at 1.3068,shedding 0.28%.Cable was likely to find support at 1.2871, the low of August 18 and resistance at 1.3280, the high of August 26.The Bank of England earlier reported that net lending to individuals increased by £3.8 billion in July, compared to expectations for a £4.9 billion rise. Net lending to individuals increased by £5.1 billion in June, whose figure was revised from a previously estimated gain of £5.2 billion.

RECOMMENDATION :

BUY GBP/USD ABOVE 1.3130 TGT 1.3150 1.3180 SL 1.3100.
SELL GBP/USD BELOW 1.3050 TGT 1.3030 1.3000 SL 1.3080.

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

30Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 28.22 points or 0.99% lower to 2829.43, taking the year-to-date performance to –
    1.85%.
  • The top active stocks today were Singtel, which declined 2.37%, UOB, which declined 0.28%, DBS, which declined 0.46%,OCBC Bank, which declined 0.46% and ComfortDelGro, with a 0.35% fall.
  • The FTSE ST Mid Cap Index declined 0.45%, while the FTSE ST Small Cap Index declined 0.61%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.63%.
  • The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 3.42% higher and unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.26%. Singtel shares declined 2.37% and StarHub declined 1.07%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:
    iShares USD Asia HY Bond ETF (-0.72%) ,SPDR Gold Shares (-0.40%) ,IS MSCI India (-0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:CapitaLand Mall Trust (-2.32%) ,Ascendas REIT (-0.81%) ,CapitaLand Commercial Trust (-0.97%).
  • The most active index warrants by value today were:
    HSI22800VTeCW160929 (-12.30%) ,HSI23000MBeCW160929 (-13.13%) ,HSI23800UBeCW161229 (-7.76%).
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-7.50%) ,UOB MB eCW170201 (-2.27%) ,OCBC Bk MBeCW170118 (-4.76%).

STOCK RECOMMENDATION :

  • BUY GEOENERGY RES ABOVE 0.128 TGT 0.138 0.148 SL 0.118.

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

30Aug
9mr68gds-1386216261

IForex Market Trading Signals and News – 30 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie falls to 4-month lows, kiwi holds steady vs. greenback.
  • Forex – Dollar gains furtehr in Asia on Yellen views, yuan drop noted.
  • Forex – Dollar gains in early Asia as Yellen remarks add support.

EUR/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

GBP/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3135 TGT 1.3155 1.3185 SL 1.3105.
  • SELL GBPUSD BELOW 1.3053 TGT 1.3033 1.3003 SL 1.3083.

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

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