8Jun

Comex Trading Signals and Market News – 08 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading lower during noon trade in the domestic market on Tuesday as investors and speculators stuck to a cautious approach after Fed Chair Janet Yellen stuck to her view over a gradual hike in US interest rates despite signs last week that the US job market was losing momentum.
  • Copper futures fell during late morning trade in the domestic market on Tuesday as traders awaited China’s foreign trade data to be released tomorrow which may offer fresh cues over the health of the world’s biggest metals consuming nation.A gauge of US labour market conditions deteriorated sharply in May to -4.8 from a revised -3.4 in April confirming the slowdown in the job market in the world’s biggest economy that may curb demand.
  • Crude oil futures consolidated an overnight rally in early trade on Tuesday as reports of more attacks by militants on Nigeria’s oil operations which have pushed the country’s output to the lowest level in 27 years and shut the majority of the country’s 23 gas-powered generators raised supply concerns.

ECONOMY NEWS :

  • India’s central bank is opposed to banks taking a majority stake in planned stressed-asset funds, and would rather have external investors provide their expertise in managing soured loans, Governor Raghuram Rajan said on Tuesday.The Indian government is looking for ways to reduce banks’ distressed debt pile of $120 billion, or 11.5 percent of all loans, as record bad loans restrict the lenders’ abilities to provide fresh credit to fuel the economy.
  • British banks and regulators should disclose more of their communications to prevent a repeat of the financial crisis, a senior UK lawmaker said on Tuesday.Andrew Tyrie, chairman of parliament’s treasury committee, has written to Andrew Bailey, a deputy governor of the Bank of England, saying he wants a detailed explanation of how the regulator balances secrecy and public disclosures.
  • China and the United States agreed to push forward reforms at the International Monetary Fund (IMF) to increase quotas for emerging economies, China’s vice premier Wang Yang said on Tuesday. The United States also will fully consider the impact that normalising monetary policy will have on international markets, he added, at the end of high-level talks between China and the United States in Beijing.One U.S. bank and one Chinese bank will be appointed to act as clearing banks for yuan business in the U.S., he added.

TRADING STRATEGY :

  • BUY GOLD AROUND 1240 TARGET 1245 1250 SL 1236
  • SELL GOLD AROUND 1250-1251 TARGET 1246 1240 SL 1253

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

8Jun
forex-trading3

IForex Market Trading Signals and News – 08 June 2016

MARKET UPDATES :

  • Forex – Sterling jumps 1% as Brexit polls show ‘remain’ camp ahead
  • Forex – Dollar slides lower vs. rivals on Yellen remarks
  • Forex – Aussie and kiwi move higher after RBA holds

EUR/USD
EUR/USD is subdued on Tuesday, continuing the lack of activity which marked the Monday session. The pair is trading at 1.1370. On the release front, German Industrial Production posted a gain of 0.8%, matching the forecast. There are no major US events on the schedule, so it could be another quiet day for EUR/USD.The euro is trading quietly after a closely-watched speech by Fed Chair Janet Yellen on Monday. Speaking at the World Affairs Council in Philadelphia, Yellen said she remained optimistic about the US economy and hinted that the Fed would raise interest banks, but crucially, she gave no indication as to when that might occur.

GBP/USD
The pound rallied around 1% against the dollar on Tuesday as a number of opinion polls showed the Remain campaign with a lead over the Leave campaign ahead of the June 23 European Union referendum.GBP/USD hit highs of 1.4460 overnight and was last at 1.4588, up 1% from Monday’s close.Sterling also strengthened against the euro, with EUR/GBP down 0.98% at 0.7787.The pound was boosted after an opinion poll published in the Times newspaper late Monday showed support for remaining in the EU with a one-point lead over the ‘Leave’ campaign.\A separate poll, conducted by YouGov for the Times newspaper on Monday also showed a one-point lead for keeping Britain in the EU in the referendum.

RECOMMENDATION :

  • BUY EUR/USD ABOVE 1.1365 TGT 1.1385 1.1515 SL 1.1335
  • SELL EUR/USD BELOW 1.1355 TGT 1.1335 1.1305 SL 1.1385

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

8Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 08 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.81 points or 0.59% higher to 2848.09, taking the year-to-date performance to -1.20%.
  • The top active stocks today were UOB, which gained 0.86%, DBS, which gained 0.57%, SingTel, which gained closed unchanged, OCBC Bank, which gained 0.69% and CapitaLand, with a 1.32% advance.
  • The FTSE ST Mid Cap Index gained 0.62%, while the FTSE ST Small Cap Index rose 0.73%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 2.67%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries- ended 1.49% higher and 3.20% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.12%. Midas Holdings shares remained unchanged and Geo Energy Resources increased 0.95%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.69%), CIMB FTSE ASEAN 40 (+1.34%), DBXT MSCI Korea ETF 10 (+2.38%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.42%), Capitamall Trust (unchanged), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSC9400UBeCW160929 (+18.09%), HSI20600MBePW160629 (-25.97%), HSI20000MBePW160728 (-20.23%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+1.96%), KepCorp MB eCW161101 (+10.29%), UOB MB eCW161031 (+7.02%).

STOCK RECOMMENDATION :

  • BUY EZRA ABOVE 0.0073 TGT 0.077 0.080 SL 0.069

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

7Jun

Comex Trading Signals and Market News – 07 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas jumped during evening trade in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity after a less than expected rise in US gas supplies boosted sentiment. The EIA said that US gas stockpiles climbed by 82 billion cubic feet in the week ended May 27 2016 compared to a rise of 85 billion cubic feet estimated by analysts.
  • Copper futures jumped by over 1 per cent during noon trade in the domestic market on Monday tracking a firm trend overseas as a softer dollar following Friday’s dismal US jobs data bolstered the appeal of the industrial metal as an alternative asset.Softer greenback makes copper cheaper for those holding other currencies thus lifting demand.
  • Silver advanced during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the precious metal as dismal US May jobs data pushed back bets of an imminent US Federal Reserve interest rate hike bolstering the appeal of the bullion as a store of value.

ECONOMY NEWS :

  • Federal Reserve Chair Janet Yellen on Monday gave a largely upbeat assessment of the U.S. economic outlook and said interest rate hikes are coming but, in an omission that stood out to some investors, gave little sense of when. Overall, a Yellen said, “I see good reasons to expect that the positive forces supporting employment growth and higher inflation will continue to outweigh the negative ones.”
  • The European Commission is confident that Greece will conclude the reforms needed to unlock bailout funds before next week’s meeting of euro zone finance ministers, top officials said on Monday.Greece and its international lenders wrapped up the bulk of reforms needed for badly needed bailout cash in May, but left some loose ends which must be tied up before Athens can receive installments of 10.3 billion euros ($11.48 billion) by September.
  • The U.S. Federal Reserve on Monday awarded $53.35 billion of one-day, fixed-rate reverse repurchase agreements to 36 bidders at an interest rate of 0.25 percent, the New York Fed said on its website. On Friday, the Fed allotted $58.18 billion in three-day reverse repos to 34 bidders, including Wall Street dealers, money market mutual funds and mortgage finance agencies, also at an interest rate of 0.25 percent.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1248.8 TARGET 1253.8 1259.8 SL 1243.8
  • SELL GOLD BELOW 1242.5 TARGET 1237.5 1231.5 SL 1247.5

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

7Jun
forex-market-hours

IForex Market Trading Signals and News – 07 June 2016

MARKET UPDATES :

  • Forex – Aussie up ahead of cash rate review, AIG construction index down
  • Forex – EUR/USD ticks up, as Yellen holds her cards close to the vest
  • Forex – Dollar index flat on Fed’s Yellen remarks

EUR/USD
EUR/USD inched up, as the dollar recovered from a mid-day swoon after Janet Yellen kept investors on their heels regarding the possibility of a summer interest rate hike with relatively neutral comments on the Federal Reserve’s long-term path on Monday afternoon. The currency pair traded in a tight range between 1.1326 and 1.1393, before settling at 1.1357, up 0.0008 or 0.05% on the session. The euro extended gains from last Friday when it surged nearly 2% against the dollar following the release of the weakest U.S. monthly jobs data in nearly six years. With the slight gains, the euro remained near three-week highs against its American counterpart.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.

GBP/USD
GBP/USD is currently trading with bearish bias. Earlier today, the pair gapped down and opened below a significant support level 1.4468, headed short and even broke below the next support level 1.4406. We expect the just broken support level 1.4395 to act as a resistance to any upward rally, thus, as long as the level 1.4395 holds true as a strong Resistance level, we expect an acceleration to the lower-side but should not close below 1.4304. However, in case the price close above 1.44061, then we expect a momentum to the upper side and may close above 1.4480. This pair should be traded alongside EUR/GBP, and GBP/JPY. These pairs have a strong positive correlation of up to +0.95 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4365-1.4367 TGT 1.4387 1.4417 SL 1.4335
  • SELL GBP/USD BELOW 1.4352 TGT 1.4332 1.4302 SL 1.4382

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

7Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 07 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 22.05 points or 0.78% higher to 2831.28, taking the year-to-date performance to -1.78%.
  • The top active stocks today were DBS, which gained 1.29%, UOB, which gained 2.02%, SingTel, which gained 1.28%, OCBC Bank, which gained 1.04% and Noble, with a 9.62% fall.
  • The FTSE ST Mid Cap Index declined 0.28%, while the FTSE ST Small Cap Index declined 0.39%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.34%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 1.28% higher and 1.39% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.30%. Keppel Infrastructure Trust shares declined 1.96% and SIIC Environment Holdings declined 1.48%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : CIMB FTSE ASEAN 40 100 (+0.49%), STI ETF (+0.70%), SPDR Gold Shares (+2.28%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.49%), Mapletree Logistics Trust (-0.51%), Ascendas REIT (+2.17%)
  • The most active index warrants by value today were : HSC9400UBeCW160929 (+8.05%), HSI21200UBeCW160929 (+0.74%), HSI19400UBePW160929 (-6.71%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+7.37%), UOB MB eCW161031 (+10.68%), UOB MB eCW161031 (-3.74%)

STOCK RECOMMENDATION :

  • BUY CNMC GOLDMINE ABOVE 0.295 TGT 0.305 0.315 SL 0.285

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

6Jun

Comex Trading Signals and Market News – 06 June 2016

INTERNATIONAL COMMODITY NEWS :

  • U.S. oil futures held steady close to multi-month highs on Friday, as a decline in U.S. oil stocks countered news that the Organization of the Petroleum Exporting Countries failed to place a ceiling on oil production at their meeting on Thursday in Vienna.U.S. crude futures for July delivery were steady at $49.18 a barrel, near recent seven-month highs of 50.21.
  • Gold drifted lower on Friday in Asia as investors remained cautious ahead of this month’s Federal Reserve review of interest rates. On the Comex division of the New York Mercantile Exchange, gold for August delivery fell 0.19% to $1,210.25 a troy ounce.Silver futures for July delivery eased 0.31% to $15.975 a troy ounce.
  • Silver futures advanced during evening trade in the domestic market on Friday as investors and speculators eyed the  key US May jobs data which may dictate whether the US Fed raises interest rates as early as this month. The world’s biggest economy is tipped to have added a robust 160K jobs in May with the unemployment rate slipping to 4.9 percent analysts’ estimates showed.

ECONOMY NEWS :

  • With a June Federal Reserve interest rate hike likely off the table following Friday’s dismal jobs data, U.S. equity investors may shift their focus again to whether the economy is losing too much steam to allow stocks to advance. Investors will comb economic data over the next few weeks to see if the weak payrolls report reflected a wider trend in the U.S. economy or was an outlier. A first hint of the central bank’s view of that could come Monday with a speech on the economic outlook by Fed Chair Janet Yellen.
  • Commercial property investors are writing clauses into contracts giving buyers the right to walk away from real estate deals if Britain votes to leave the European Union this month, as a way to unfreeze a sector stalled by uncertainty over Brexit. Transactions in commercial property fell by 40 percent in the first quarter, according to the Bank of England, with many buyers and sellers waiting to see the outcome of the June 23 referendum in case an exit vote hurts property prices.
  • Growth of services activity in India softened for the second straight month in May, as new business inflows expanded at the slowest rate since July 2015. Although some firms took on additional staff, the overall pace of job creation was fractional. Input costs rose again, leading to a further increase in prices charged. Although service providers remained optimistic that output will expand in the year ahead, the level of confidence was the lowest recorded since February.

TRADING STRATEGY :

  • SELL GOLD BELOW 1243 TARGET 1240 1235 SL 1246
  • BUY GOLD ABOVE 1247 TARGET 1250 1255 SL 1243

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

6Jun
forex-trading3

IForex Market Trading Signals and News – 06 June 2016

MARKET UPDATES :

  • Forex – GBP/USD little changed after U.K. services PMI
  • Forex – Dollar slips vs. yen, steady vs. euro ahead of nonfarm payrolls
  • Forex – Aussie holds gains on services surveys, yen flat after wage data

EUR/USD
EUR/USD is unchanged on Friday, following slight losses in the Thursday session. The pair is trading at 1.1140. On the release front, German Final Services came in at 55.2 points, within expectations. Eurozone Final Services posted a reading of 53.3, slightly above the estimate. Eurozone Retail Sales came in at 0.0%. It’s a busy day in the US, with three employment indicators on the schedule – Average Hourly Earnings, Unemployment Rate, and Nonfarm Employment Change. The US will also publish ISM Non-Manufacturing PMI.

GBP/USD
The pound was little changed against the U.S. dollar on Friday, even after data showed that the U.K. service sector expanded at a faster rate than expected in May, as investors remained cautious ahead of a key U.S. employment report due later in the day. GBP/USD hit 1.447 during European morning trade, the session high; the pair subsequently consolidated at 1.4425. Cable was likely to find support at 1.4329, the low of May 16 and resistance at 1.4507, the high of June 1.Research group Markit said its U.K. services purchasing managers’ index rose to 53.5 last month from a reading of 52.3 in April. Analysts had expected the index to rise to 52.5 in April.Despite the better than expected read, Markit warned that the improvement in expectations would hinge on the June 23 referendum on the U.K.’s membership in the European Union.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4510 TGT 1.4560 1.4600 SL 1.4460
  • SELL GBP/USD BELOW 1.4365 TGT 1.4315 1.4275 SL 1.4315

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

6Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 06 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 14.14 points or 0.51% higher to 2809.23, taking the year-to-date performance to -2.55%.
  • The top active stocks today were Noble, which declined 13.33%, SingTel, which gained 0.26%, DBS, which gained 0.07%, CityDev, which gained 4.26% and CapitaLand, with a 1.68% advance.
  • The FTSE ST Mid Cap Index declined 0.04%, while the FTSE ST Small Cap Index rose 0.44%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 3.05%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 3.92% higher and 1.19% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.17%. Keppel Infrastructure Trust shares declined 0.98% and SIIC Environment Holdings declined 1.46%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.22%), IS MSCI India 100 (-0.15%), STI ETF (+0.35%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.44%), Capitamall Trust (+1.50%), Capitacom Trust (+1.08%)
  • The most active index warrants by value today were : HSI21000MBeCW160629 (+4.05%), HSI20000MBePW160728 (-7.62%), HSI19000MBePW160929 (-4.65%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (unchanged), DBS MB ePW161003 (-1.01%), UOB MB eCW161031 (-3.74%).

STOCK RECOMMENDATION :

  • BUY ACROMEC ABOVE 0.545 TGT 0.570 0.585 SL 0.515

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

3Jun

Comex Trading Signals and Market News – 03 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices held broadly steady on Thursday, set for their third week of gains, ahead of an OPEC meeting that analysts said was not expected to result in restrictions on crude output.The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in Vienna, with Riyadh trying to revive coordinated action or a formal oil output target, but Tehran refusing to cooperate.
  • Gold futures inched higher in European trade on Thursday, reversing modest overnight losses as market players looked ahead to key U.S. employment data for more clues on the Federal Reserve’s next move.The U.S. was to release the ADP jobs report for May at 12:15GMT, or 8:15AM ET, followed byweekly jobless claims data at 12:30GMT, or 8:30AM ET. Market players are also focusing on Friday’s U.S. nonfarm payrolls report.
  • Copper futures fell during noon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal as soft China manufacturing and services data signaled a worsening slowdown in the world’s biggest metals consumer darkening the demand outlook for copper.

ECONOMY NEWS :

  • Any tax increases to help plug Brazil’s sweeping budget deficit have to be temporary, interim President Michel Temer said on Thursday, adding that the government is focused on curbing expenditures to rebalance public finances. In an interview with TV channel SBT, Temer did not rule out reviving the CPMF tax on financial transactions, which Congress scrapped eight years ago. He has long voiced concerns over the use of tax hikes to cut the deficit, saying the move may hamper efforts to pull Brazil out of a harsh and lengthy recession.
  • Gramercy Funds Management LLC sued Peru for $1.6 billion in a dispute over the country’s 40-year-old land-reform bonds on Thursday, three days before a presidential election.U.S.-based Gramercy said in a statement it had filed the arbitration claim because it disagreed with the way Peru calculated the current value of the land bonds when it agreed to honor them in 2013.
  • Global revenue from the satellite industry reached $208 billion in 2015, a 3 percent increase over 2014, a trade association report released on Thursday showed.U.S. companies accounted for 43 percent of the revenue, the Satellite Industry Association said in its annual report. Globally, 2015 revenues for the satellite industry totaled just over $208 billion, up from about $203 billion in 2014.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1213.75 TARGET 1215 1216.25 SL 1211.90
  • SELL GOLD BELOW 1211.50 TARGET 1210.50 1209 SL 1213.50

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

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