1Jul

Comex Trading Signals and Market News – 01 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain’s vote to leave the European Union last week.Returning Nigerian supply will put pressure on prices, Goldman Sachs (NYSE:GS) said, adding that outages caused by Canadian wildfires would virtually end by September.
  • Gold prices were lower in European trade on Thursday, reversing overnight gains, as worries about the U.K.’s shock decision to leave the European Union abated, dampening demand for safe-haven assets.Gold for August delivery on the Comex division of the New York Mercantile Exchange shed $8.50, or 0.64%, to trade at $1,318.30 a troy ounce by 06:55GMT, or 2:55AM ET.
  • Natural Gas futures advanced during late morning trade in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity as warm weather across most parts of the US bolstered the demand outlook for the power-plant fuel. Latest weather forecasting models called for hotter than normal temperatures across most parts of the contiguous US from July 8 through July 12 which may boost demand for gas-fired air conditioning at offices and homes.

ECONOMY NEWS :

  • The Federal Reserve provided just $2 million of liquidity to foreign central banks in the latest week via its swap lines, the New York Fed said on Thursday, and analysts said the minuscule pickup suggested little prolonged stress in global markets after Britain’s surprise vote to leave the European Union.”Today’s data shows no signs of any stress, despite the significant volatility in foreign exchange markets and others,” Jefferies & Co.’s money market strategist Tom Simons wrote in a research note.
  • St. Louis Federal Reserve Bank President James Bullard said on Thursday he was sticking with his view that the U.S. central bank needed to make a single increase to interest rates.I would stick with it for now because I don’t see Brexit having material impact on the U.S. over the next two years based on the data I have today,” Bullard told reporters after making a speech in London.
  • Growth in China’s manufacturing sector stalled in June, an official survey showed on Friday, adding to expectations that Beijing will have to roll out more stimulus soon to boost the sluggish economy.The official Purchasing Managers’ Index (PMI) eased to 50.0 in June, compared with 50.1 in May and right at the 50-point mark that separates growth from contraction on a monthly basis.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1320 TARGET 1325 1331 SL 1315
  • SELL GOLD BELOW 1312 TARGET 1307 1301 SL 1317

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

1Jul
forex-market-hours

IForex Market Trading Signals and News – 01 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD higher after U.K. GDP report
  • Forex – Aussie, kiwi decline vs. greenback in late trade
  • Forex – Yen gains in Asia despite weak industrial data, Aussie down

EUR/USD
EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded long and even hit our target resistance level 1.1118. This pair is still petty much bullish on the daily chart and may rally towards 1.1169. As long as the pair trades within the rising channel, we expect an acceleration to the upper side. The current downward rally on the daily chart is a mere pullback and should not go below 1.1064. This pair should be traded alongside NZD/USD, GBP/USD and AUD/ USD. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday.

GBP/USD
The pound was higher against the U.S. dollar on Thursday, after the release of U.K. economic growth data in line with expectations and as markets continued to recover from Britain’s decision to leave the European Union last week.GBP/USD hit 1/3494 during European morning trade, the session high; the pair subsequently consolidated at 1.3467, up 0.25%.Cable was likely to find support at 1.3288, Wednesday’s low and resistance at 1.3564, the high of June 27. The U.K. Office for National Statistics said gross domestic product expanded by 0.4% in the first quarter, unchanged in this final estimate and in line with expectations. The U.K.’s economy grew by 0.6% in the preceding quarter.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3530 TGT 1.3550 1.3580 SL 1.3500
  • SELL GBP/USD BELOW 1.3420 TGT 1.3400 1.3370 SL 1.3450

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

1Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 01 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 48.2 points or 1.73% higher to 2840.93, taking the year-to-date performance to -1.45%.
  • The top active stocks today were DBS, which gained 1.48%, SingTel, which gained 2.23%, OCBC Bank, which gained 2.36%, UOB, which gained 2.56% and CapitaLand, with a 1.99% advance.
  • The FTSE ST Mid Cap Index gained 1.03%, while the FTSE ST Small Cap Index rose 0.25%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 4.49%. The
    two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 6.19% higher and 1.12% lower respectively.
  • The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which rose 0.23%. Capita-
    Mall Trust shares declined2.29% and Ascendas REIT increased 0.81%.
  • The three most active Exchange Traded Funds (ETFs) by value today were :  IS MSCI India 100 (+2.21%), STI ETF (+1.41%), SPDR Gold Shares (-0.22%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.81%), Capitamall Trust (-2.29%), Suntec REIT (+1.43%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (+17.02%), HSI21600MBeCW161028 (+17.24%), HSI21400MBeCW160728 (+45.28%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW161004 (+11.48%), DBS MB eCW161031 (+11.25%), DBS MB ePW161003 (-12.82%).

STOCK RECOMMENDATION :

  • BUY RESOURCE PRIMA ABOVE 0.033 TGT 0.036 0.038 SL 0.031

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

30Jun

Comex Trading Signals and Market News – 30 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices pushed higher in European trade on Wednesday, extending overnight gains, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell at a faster pace than expected last 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 2.4 million barrels.
  • Gold prices were higher in European trade on Wednesday, bouncing back from the prior session’s losses as market players all but ruled out further rate hikes by the Federal Reserve this year in the aftermath of Britain’s shock vote to leave the EU.Gold for August delivery on the Comex division of the New York Mercantile Exchange tacked on $5.30, or 0.4%, to trade at $1,323.20 a troy ounce by 06:45GMT, or 2:45AM ET.
  • Nickel futures were trading lower by nearly 0.83 per cent during the afternoon trade in the domestic market on Wednesday as speculators reduced their exposure tracking a weak trend at the domestic spot markets on low demand. The fall in nickel prices was mostly in tune with a weak trend at the domestic spot markets due to muted demand from alloy-makers but a firm trend in base metals at the LME restricted losses.

ECONOMY NEWS :

  • Member nations of Latin America’s Pacific Alliance trade bloc must strengthen their relationships and keep clear of the isolationist path represented by Britain’s exit from the European Union, Chile’s foreign minister said on Wednesday.” At  a time that seems dominated by the discord and disintegration brought by ‘Brexit’ and by the lamentable attack in Turkey, what we are doing is constructing realistic, flexible and pragmatic integration,” Foreign Minister Heraldo Munoz said as the Pacific Alliance kicked off its summit in the scenic town of Puerto Varas.
  • Dissenters to the Bank of Japan’s stimulus measures remain a minority on its board, but their call to scrap the time frame for its inflation target is gaining converts and casting doubt on the credibility of bank governor Haruhiko Kuroda and his broader program.In a bid to end two decades of debilitating deflation, Kuroda began a huge money-printing program when he took office in 2013, tied to a two-year target to push inflation to 2 percent.
  • British banks’ closure of hundreds of branches in the last three years has more than halved lending to small businesses in the areas affected, research on Thursday showed, ahead of a debate in parliament about the impact of the cuts. Britain’s biggest banks HSBC (L:HSBA), Barclays (L:BARC), Royal Bank of Scotland (L:RBS) and Lloyds Banking Group (L:LLOY) have been steadily shrinking their branch networks to cut costs while investing in online and mobile banking services.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1321.5 TARGET 1326.5 1332.5 SL 1316.5
  • SELL GOLD BELOW 1315.5 TARGET 1310.5 1304.5 SL 1320.5

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

30Jun

IForex Market Trading Signals and News – 30 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling pushes higher as Brexit worries ease
  • Forex – Aussie holds steady, kiwi moves higher vs. greenback
  • Forex – Yen gains further in Asia as Japan economic policy team to meet

EUR/USD
EUR/USD is currently trading with a slight bullish bias. Yesterday, euro retraced to the upper side but is yet to reach our target reversal point at 1.1113. During this intraday, we expect a possible bullish price action towards 1.1113, where we’ll be looking to go short with our ideal target below 1.0935. This pair should be traded alongside GBP/USD, NZD/USD, AUD/USD and GBP/JPY. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intaday.

GBP/USD
The pound pushed higher on Wednesday as market sentiment continued to stabilize after last week’s shock U.K. vote to exit the European Union.GBP/USD was up 0.43% at 1.3400, off the 31-year low of 1.3122 set on Monday, a level not seen since 1985. The two-day sell off in sterling seen on Friday and Monday was the largest in recent history. Sterling has tumbled amid fears that Brexit could hit investment in the U.K. economy, threaten London’s role as a global financial capital and usher in a period of slower global economic growth.Political uncertainty in Britain, where Prime Minister David Cameron resigned after the referendum, added to fears over the outlook for the economy.EU leaders were to continue to discuss the implications of Brexit at a summit in Brussels on Wednesday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3422 TGT 1.3442 1.3472 SL 1.3392
  • SELL GBP/USD BELOW 1.3350 TGT 1.3330 1.3300 SL 1.3380

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

30Jun
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 36.2 points or 1.31% higher to 2792.73, taking the year-to-date performance to -3.12%.The top active stocks today were SingTel, which gained 1.25%, DBS, which gained 1.50%, UOB, which gained 1.53%, OCBC Bank, which gained 1.19% and CapitaLand, with a 2.38% advance.
  • The FTSE ST Mid Cap Index gained 0.43%, while the FTSE ST Small Cap Index rose 0.59%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 2.28%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.03% higher and 2.50% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.92%. Midas Holdings shares declined 1.92% and Geo Energy Resources remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.71%),DBXT MSCI Korea ETF 10 (+3.76%),IS MSCI India 100 (+1.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+3.32%),Frasers L&I Trust (+1.62%),Ascendas REIT (+1.24%)
  • The most active index warrants by value today were : DBS MB eCW161031 (+6.67%),HSI20400UBeCW160929 (+16.44%),HSI20000MBePW160728 (-24.07%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+4.17%),UOB MB eCW161031 (+11.77%),SingTelMBeCW161114 (+25.93%).

STOCK RECOMMENDATION :

  • BUY CHINA EVERBRIGHT ABOVE 0.650 TGT 0.680 0.705 SL 0.620

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

29Jun
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29Jun
forex-market-hours

IForex Market Trading Signals and News – 29 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling regains some ground after Brexit shock
  • Forex -Dollar slides as markets begin to recover from Brexit
  • Forex – Aussie, kiwi move higher as sentiment improves

EUR/USD
EURUSD formed a spinning bottom yesterday seeking support at 1.10 with the price action seeing a bullish follow through in early Asian trading today. The gains came after markets started pricing a Fed rate cut this year following the Brexit verdict. The Fed funds futures rate is now surprisingly pricing in a 17% rate cut by September, increasing from 7% on Friday. From a technical perspective, the euro has managed to establish support near 1.10 – 1.0985 support level and in the interim, price action remains caught above this support and below 1.1143 – 1.115 resistance levels.

GBP/USD
The pound pushed higher on Tuesday as investor confidence began to return to markets after recent sharp declines in the wake of the shock U.K. vote to leave the European Union last week.GBP/USD was up 0.84% at 1.3337, coming off the 31-year low of 1.3122 set on Monday, a level not seen since 1985. The two-day selloff in sterling seen on Friday and Monday was the largest in recent history.Global stock markets suffered the largest two-day rout ever, as a wave of selling wiped around $3 trillion from markets.Ratings agencies Standard & Poor’s and Fitch Ratings both downgraded their credit ratings for the U.K. on Monday and warned that further cuts are possible.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3370 TGT 1.3390 1.3420 SL 1.3340
  • SELL GBP/USD BELOW 1.3258 TGT 1.3238 1.3208 SL 1.3288

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

29Jun

Comex Trading Signals and Market News – 29 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were trading lower during the evening trade in the domestic market on Tuesday as participants lightened their positions largely in tandem with a weak trend overseas.Gold prices fall tracking weakness in the overseas markets where gold dropped after posting the biggest two-day gain in more than seven years following the UK s vote to exit from the European Union and profit-booking by speculators weighed on gold futures.
  • Crude oil futures surged over 3 per cent during evening trade in the domestic market on Tuesday as investors and   speculators booked fresh positions in the energy commodity after the IEA expects the oil market to balance in 2016. The Paris-based agency said that global oil demand may increase at a rate of 1.3 million barrels per day in 2016 with a relatively small rise in Non-OPEC supply of nearly 200000 barrels per day.
  • Silver futures retreated during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the precious metal tracking a weak trend in the overseas market as the lure for safe haven assets receded as concerns over Brexit eased amid speculation that policymakers may take some measures to restore confidence in fragile financial markets.

ECONOMY NEWS :

  • Japanese Prime Minister Shinzo Abe on Wednesday urged the central bank to provide ample funds to the market to ensure liquidity and keep the wheels of economy turning in the wake of Britain’s shock vote to exit the European Union. “A sense of uncertainty and worry about risks remain in the markets,” Abe told a meeting between the government and the Bank of Japan to discuss market developments after the Brexit vote rocked global financial markets.
  • Britain’s vote to leave the European Union could pose a new drag on the U.S. economy at a time when momentum in the U.S. job market may already by slowing, Federal Reserve governor Jerome Powell said on Tuesday.In the first of Fed policymakers to comment since the shock vote in Britain last week, Powell said the Brexit referendum had shifted global risks “to the downside,” potentially posing a new threat to the Fed’s outlook.
  • U.S. Secretary of State John Kerry held out the possibility on Tuesday of negotiating separate trade deals with Britain and the European Union at the same time, but a spokesman later said he did not mean to suggest such a plan. Speaking in Colorado, Kerry was asked about President Barack Obama’s April comment that Britain would go to the “back of the queue” if it voted to quit the EU, as it did on Thursday, and Washington would focus on a wider trade deal with the EUcalled the Transatlantic Trade and Investment Partnership (TTIP).

TRADING STRATEGY :

  • BUY GOLD ABOVE 1307 TARGET 1312 1318 SL 1302
  • SELL GOLD BELOW 1304 TARGET 1299 1293 SL 1309

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

29Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 26.68 points or 0.98% higher to 2756.53, taking the year-to-date performance to – 4.38%.
  • The top active stocks today were SingTel, which gained 2.57%, DBS, which gained 0.26%, UOB, which gained 0.45%, Ascendas REIT, which gained 2.53% and OCBC Bank, with a 0.60% advance.
  • The FTSE ST Mid Cap Index gained 1.61%, while the FTSE ST Small Cap Index rose 1.03%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.70%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 2.57% higher and 4.47% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.08%. Raffles Medical Group shares remained unchangedand Riverstone Holdings declined 0.55%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.83%), STI ETF (+0.71%), IS MSCI India 100 (-0.30%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.53%), Capitamall Trust (+2.43%), Capitacom Trust (+1.75%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (-1.14%), HSI21400MBeCW160728 (-4.76%), HSI21600MBeCW161028 (-2.33%)
  • The most active stock warrants by value today were:
    DBS MB eCW161031 (+4.17%), UOB MB eCW161031 (+1.49%), OCBC Bk MBeCW161004 (+5.77%)

STOCK RECOMMENDATION :

  • BUY SPACKMAN ABOVE 0.106 TGT 0.111 0.115 SL 0.101

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

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