12May

Comex Trading Signals and Market News – 12 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices rose by 0.24 per cent on Wednesday on heavy short covering after suffering one of its worst single-day sessions on the calendar year as investors continued to react to devastating wildfires in Canada and widespread changes in the leadership structure of Saudi Arabia’s leading state-run oil company.Traders continued to monitor the catastrophic fires in Canada where estimates of the number of barrels being forced offline from the firestorms continued to rise.
  • Gold prices rose by 0.70 per cent on Wednesday as investors continued to monitor movements in the US dollar. The greenback fell as investors locked in gains following its steep rise after continued comments about possible intervention by the Japanese government. Dollar weakness usually benefits gold as it boosts the metal’s appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.
  • The correction last evening was not as eventful as Monday in Copper prices. June futures closed at Rs 312.15, down
    0.32%. The data from China’s National Statistics Bureau said its Consumer Price Index for April rose 2.3% on an annual basis, slightly lower than consensus estimates of 2.4% and in line with March’s reading.The prices from last few days have been under severe threat first by the Chinese import numbers and now the news of Freeport selling its key Copper business.

ECONOMY NEWS :

  • U.S. policymakers are “pretty clear” in their views that Japan should refrain from any steps to intentionally weaken the yen, such as intervention in currency markets, a key economic adviser to Prime Minister Shinzo Abe said on Wednesday. Japanese financial authorities thus face a tough situation, with few options to contain unwelcome yen rises, said Koichi Hamada, an emeritus professor at Yale University who has close contacts with senior U.S. and Japanese policymakers.
  • India will start imposing capital gains taxes on investments coming from Mauritius starting from next year as part of a new tax treaty agreed by both countries, according to a government statement on Tuesday.The taxes on capital gains will apply to investments made from April 1, 2017 and will be imposed at 50 percent of the domestic rate until March 31, 2019, and at the full rate thereafter.
  • The European Central Bank’s easy monetary policy is justified by a subdued growth outlook in the euro zone, a top official at Germany’s Bundesbank said on Wednesday, reaffirming his institution’s defence of the ECB against German criticism. “The current, expansionary monetary policy is justified by the subdued outlook for inflation and subdued growth – although of course there are side effects that increase with time, and even if you can argue about individual instruments,” Bundesbank board member Andreas Dombret said at an event in Berlin.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1280 TARGET 1285 1292 SL 1273
  • SELL GOLD BELOW 1270 TARGET 1265 1658 SL1275

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

12May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 12 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 8.28 points or 0.3% lower to 2732.87, taking the year-to-date performance to -5.20%.
  • The top active stocks today were Wilmar Intl, which declined 3.52%, SingTel, which gained 0.26%, UOB, which declined 0.96%, DBS, which declined 0.88% and OCBC Bank, with a 0.36% advance.
  • The FTSE ST Mid Cap Index declined 0.14%, while the FTSE ST Small Cap Index declined 0.20%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 1.10%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.00% higher and 0.75% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 3.04%. Raffles Medical Group shares remainedun-changed and Riverstone Holdings declined 2.75%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.72%), DBXT S&P CNX Nifty ETF 10 (+0.84%), DBXT MSCI China TRN ETF 10 (-0.44%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%), Capitamall Trust (unchanged), Capitacom Trust (-1.06%)
  • The most active index warrants by value today were : HSI20000MBePW160629 (+8.65%), HSC8400UBeCW160629 (-9.09%), HSI21200UBeCW160929 (-19.84%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-8.11%)

STOCK RECOMMENDATION :

  • BUY RESOURCES PRIMA ABOVE 0.028 TGT 0.030 0.031 SL 0.026

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

12May

IForex Market Trading Signals and News – 12 May 2016

MARKET UPDATES :

  • Forex – Dollar slips lower vs. rivals amid profit-taking
  • Forex -Dollar turns lower against yen as investors take profits
  • Forex-Aussie, kiwi move higher but gains seen capped

EUR/USD
EUR/USD is currently trading with a bullish bias.Yesterday, the pair traded short but could not close below the descending trend line. During this intraday, We expect an upward acceleration but should not close above 1.1396. Ideally, we expect the upper resistive trend line to mark the end of wave (4) but should be the beginning of wave (5). A clear breakout above 1.1396 will push the price further to the upper side but should not go above 1.1438. However, as long as the pair trades within the descending channel, we expect a rally to the lower side. This pair should be traded alongside EUR/GBP, NZD/USD, GBP/USD. These pairs have a strong positive correlation of up to +0.89 and will likely have a similar price action during this intraday.

GBP/USD
The pound fell to the day’s lows against the dollar on Wednesday after data showing that U.K. manufacturing output fell at the fastest rate in nearly three years in March, adding to signs that the economy is slowing.GBP/USD touched lows of 1.4389, down from around 1.4421 ahead of the data.The Office for National Statistics reported that manufacturing output in the U.K. fell 1.9% in March from the same month a year earlier, the steepest annual fall since May 2013. The fall was led by a 4% drop in the manufacture of basic metals & metal products, particularly iron and steel.For the month, manufacturing output edged up by 0.1%, missing forecast for a 0.3% increase, after falling 0.9% in February.ndustrial output rose 0.3% in March and was 0.2% lower on a year-over-year basis.The figures did not point towards any revision of the estimate of first quarter economic growth released last month, the ONS said.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4395 TARGET 1.4415 1.4445 SL 1.4365
  • SELL GBP/USD AROUND 1.4485-1.4483 TARGET 1.4465 1.4435 SL 1.4515

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

11May

Comex Trading Signals and Market News – 11 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices fell by 0.34 per cent on Tuesday as market players looked ahead to fresh weekly information on US stockpiles of crude and refined products. The American Petroleum Institute will release its inventories report later in the day while Wednesday’s government report could show crude stockpiles rose by 0.5 million barrels in the week ended May 6.
  • Gold prices gained marginally by 0.05 per cent on Tuesday after mixed consumer and producer price data from China. CPI for April fell 0.2 per cent month-on-month as expected and at a 2.3 per cent pace year-on-year a tad lower than the 2.4 per cent gain seen. PPI for April year-on-year fell 3.4 per cent compared to a expected drop of 3.8 percent.
  • German industrial production declined 1.3 percent on a monthly basis in March, following a revised 0.7 percent drop in February, Destatis reported Tuesday. This was the second consecutive decline and the biggest since August 2014, when output slid 2.5 percent. Excluding energy and construction, production in industry fell 1.2 percent. Within industry, energy production gained 0.3 percent, while construction output decreased 3.2 percent. On a yearly basis, growth in industrial production eased to 0.3 percent from 2 percent, the economy ministry said.

ECONOMY NEWS :

  • Japan will intervene in foreign exchange markets if the yen strengthens to 90-95 per dollar, even if that upsets the United States, a key economic adviser to Prime Minister Shinzo Abe said on Tuesday, asserting the right to curb currency volatility.Koichi Hamada, an emeritus professor of economics at Yale University and special adviser to the Cabinet, told Reuters that he had recently heard “many concerns” from economists and officials in the United States about the possibility of Japan intervening in currency markets – something it last did five years ago when it acted to weaken the yen.
  • Consumer confidence in India rose to the highest since November last year, led by more optimistic expectations for future business conditions while sentiment towards spending took a backseat. The MNI India Consumer Sentiment Indicator rose 2% to 113.4 in April from 111.2 in March. Sentiment, though, was down 7.1% compared with the same month a year ago, and 6% below the series average. More positively, it is up from the recent trough seen in December, which had left it at the lowest level in the history of the survey. The rise in April marks a good start to Q2, after it fell to a record low level in the previous quarter.
  • Policy makers around the world need to ask if central banks injecting money into the economy through “helicopter drop” is politically feasible or produce the intended targets, India’s Central Bank Governor Raghuram Rajan said on Tuesday.”The real point is again: It is not absolutely clear that throwing the money out of the window, or targeted checks to beneficiaries… will be politically feasible in many countries, or produce economically the desired effect,” he said during a lecture at the London School of Economics.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1268 TARGET 1273 1279 SL 1263
  • SELL GOLD BELOW 1261 TARGET 1256 1250 SL 1266

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

11May
Forex trading

IForex Market Trading Signals and News – 11 May 2016

MARKET UPDATES :

  • Forex – Yen dips near two-week lows after Japan’s verbal warnings
  • Forex -Dollar moves higher against yen on intervention talk
  • Forex-Australia, NZ dlrs near multi-week lows on weak commodities, China

EUR/USD
The pair is extending its sideline theme around the 1.1400 handle for the time being amidst lack of of relevant drivers and scarce volatility. In the meantime, the upside in the greenback seems to have lost some vigour during the European morning, although it remains in the upper end of the recent range when tracked by the US Dollar Index. In the data space, German trade surplus has surpassed estimates in March, while Industrial Production has contracted more than initially expected during the same period. Across the pond, US NFIB Business Optimism index is due followed by the API’s weekly report on US crude stockpiles.

GBP/USD
GBP/USD is currently trading with a bearish bias. Yesterday, the pair traded short but could not close below 1.4406. Since the intraday stochastic is trading below its neutrality level of 50 and is headed towards 25. We expect the cable to continue to the lower side but should not go below 1.4106. However, as long as the price keeps being rejected at 1.44061 the price may rally to the upper side but should not go above 1.46637. This pair should be traded alongside AUD/JPY, GBP/CHF, EUR/USD, and NZD/USD. These pairs have a strong positive correlation of up to +0.98 and will likely move in a similar direction during this intraday. Only buy or sell the cable if the other pairs are giving the same signal.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4380 TARGET 1.4420 1.4480 SL 1.4350
  • SELL GBP/USD AROUND 1.4510-1.4520 TARGET 1.4460 1.4400 SL 1.4540

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

11May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 24.91 points or 0.9% lower to 2741.15, taking the year-to-date performance to -4.91%.
  • The top active stocks today were SingTel, which declined 1.54%, DBS, which declined 0.74%, CapitaLand, which gained 0.67%, OCBC Bank, which declined 1.54% and UOB, with a 0.84% fall.
  • The FTSE ST Mid Cap Index gained 0.46%, while the FTSE ST Small Cap Index declined 0.05%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 2.60%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings – remained unchanged and ended 2.25% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.50%. SingTel shares declined 1.54% and Star-Hub declined 1.18%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.06%), STI ETF (-0.71%), Lyxor ETF MSCI World 10 (-1.54%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (-2.82%), Capitacom Trust (+1.44%)
  • The most active index warrants by value today were : HSI20000MBePW160530 (-8.24%), HSI20000MBePW160629 (-0.95%), HSI20600MBeCW160530 (+3.64%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-9.76%)

STOCK RECOMMENDATION :

  • BUY GS HLDG ABOVE 0.280 TGT 0.295 0.310 SL 0.265

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

10May

Comex Trading Signals and Market News – 10 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures plunged by more than 1 per cent during noon trade in the domestic market on Monday as investors and speculators exited positions in the industrial metal as dismal China trade data underlined concerns over the health of the world’s second biggest economy clouding the demand outlook for copper.Chinese exports fell 1.8 per cent in dollar terms in April and imports suffered an 18th straight month of decline.
  • Gold prices fell by 0.75 per cent on Monday even as the Bank of Japan minutes saw some board members down-beat on hitting the inflation target within the current forecast suggesting continued easy policy. The Bank of Japan published the minutes of its April policy meeting showing some numbers expect the target date for 2 per cent sustained inflation may need to be pushed back.
  • Crude oil prices rose by 1.71 per cent on Monday as supply outages persisted over the weekend from Canada’s    wildfires that have shut half the country’s vast oil sands capacity. Cooler weather light rain and winds opposed to the direction of flames helped control the advance of the blaze that razed Alberta’s oil sands boomtown Fort McMurray. Yet energy firms such as Statoil and Husky Statoil shut their facilities in the area as a precaution.

ECONOMY NEWS :

  • The U.S. economy’s fundamentals are solid and growth this year should pick up to around 2.5 percent, but the Federal Reserve’s current ‘wait and see’ approach to monetary policy is appropriate, a Fed policymaker said on Monday.Charles Evans, president of the Chicago Fed, told a conference in London that business investment and inflation remain lower than he would like.
  • Japan’s consumer confidence weakened less-than-expected in April, after improving in the previous month, survey data from the Cabinet Office showed Monday. The seasonally adjusted consumer confidence index fell to 40.8
    in April from 41.7 in March. Among the individual components of the survey, the overall livelihood index worsened to 39.6 in April from 40.5 in the prior month. Similarly, the employment sub-index dropped from 43.9 to 42.8. At the same time, the indicator for income growth improved slightly to 40.8 from 40.6.
  • China’s exports dropped 1.8 percent year-over-year in April, while it was expected to remain flat, data published by the General Administration of Customs revealed. Imports plunged 10.9 percent in April from a year ago. The visible trade surplus of the country came in at $45.56 billion in April, which was above the expected surplus of $40.00 billion.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1280 TARGET 1285 1291 SL 1275
  • SELL GOLD BELOW 1277 TARGET 1272 1266 SL 1282

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

10May

IForex Market Trading Signals and News – 10 May 2016

MARKET UPDATES :

  • Forex – Dollar hits 2-week high vs. yen on intervention warning
  • Forex -Yen hits 10-day low on intervention warning
  • Forex-Dollar pushes higher against yen, euro steady

EUR/USD
The shared currency keeps its recovery mode intact against its American counterpart in late-Asia, taking EUR/USD above 1.14 handle.EUR/USD trades modestly flat at fresh session highs of 1.1411, making another attempt towards 1.15 handle. The main currency is seen consolidating the downside as dust settles over the NFP aftermath, with the major catching fresh bid tone in recent dealings amid broad based US dollar retreat.The greenback wiped-out gains against its major competitors and now trades muted, underpinning the recovery in EUR/USD. Moreover, mixed market sentiment amid higher oil prices and subdued Asian equities also lifts the safe- haven bids for the EUR.Meanwhile, focus turns towards the German factory orders data amid a data-dry trading calendar today. Besides the Euro group meetings will be closely watched for any news on EU referendum ahead of the US LMCI release.

GBP/USD
The GBP/USD pair trades around a flat-line in early Europe, falling every attempt to take-out 1.4450 levels, as a lack of fresh fundamental drivers fails to aid the recovery from near 1.44 handle.The GBP/USD pair trades modestly flat at 1.4426, reversing a spike to 1.4440 levels. The cable fails to sustain at higher levels and reverts in the red zone on the back of a broadly higher US dollar, with markets having largely shrugged-off weak US employment report. The USD index trades +0.05% higher at 93.90 levels.The GBP/USD pair consolidates near ten-day lows, although holds 1.44 handle, having found some respite from rallying oil prices on mounting Canadian wildfire induced supply disruption worries. Nothing of note for the major in the day ahead except for the second-liner data in the UK Halifax HPI and US labour market conditions report.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4380 TARGET 1.4420 1.4480 SL 1.4350
  • SELL GBP/USD AROUND 1.4510-1.4520 TARGET 1.4460 1.4400 SL 1.4540

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

10May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 35.26 points or 1.29% higher to 2766.06, taking the year-to-date performance to -4.05%.
  • The top active stocks today were SingTel, which gained 3.46%, DBS, which gained 0.27%, Noble, which declined 13.58%, OCBC Bank, which gained 1.20% and Ascendas REIT, with a 1.25% advance.
  • The FTSE ST Mid Cap Index declined 0.25%, while the FTSE ST Small Cap Index declined 0.62%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 3.27%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 3.46% higher and 1.81% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.55%. Silverlake Axis shares declined 0.90% while CSE Global gained 1.22%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+1.08%), SPDR Gold Shares (-0.16%), DBXT MSCI Indonesia ETF 10 (+1.55%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.25%), Capitamall Trust (+3.90%), Capitacom Trust (-1.07%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (unchanged), HSI20000MBePW160530 (-13.27%), HSI20600MBeCW160530 (-1.79%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-3.53%)

STOCK RECOMMENDATION :

  • BUY ACROMEC ABOVE 0.485 TGT 0.505 0.525 SL 0.465

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

9May
forex-market-hours

IForex Market Trading Signals and News – 09 May 2016

MARKET UPDATES :

  • Forex -Aussie falls as RBA eases inflation views in policy statement
  • Forex -Dollar holds steady with all eyes on nonfarm payrolls
  • Forex-Dollar edges lower as markets brace for U.S. jobs data

EUR/USD
The Euro turned lower against the US Dollar as expected, with prices producing the largest daily decline in three weeks. The move lower followed the appearance of a Shooting Star candlestick pattern after the pair found resistance above the 1.16 figure.From here, a daily close below the 23.6% Fibonacci retracement at 1.1357 opens the door for a challenge of the 38.2% level at 1.1196. Alternatively, a reversal back above support-turned-resistance at 1.1456, the 14.6% Fib, paves the way for a test of the May 3 high at 1.1616.Prices are too close to near-term support to justify entering short from a risk/ reward perspective. Furthermore, on-coming US jobs data represents pivotal event risk that may materially alter technical positioning. With that in mind, we will remain on the sidelines for the time being.

GBP/USD
The GBP/USD pair is seen trading quite choppy this NFP Friday, swinging between gains and losses amid increased uncertainty as we head towards the US jobs data release. The GBP/USD pair trades modestly flat at 1.4480, unable to beat the bears lined up at 1.45 handle. The cable eases-off highs and now wavers in a limited range, with the upside capped by 1.45 barrier, while the downside remains cushioned just ahead of 1.4450. The prices appear to have found some support from the renewed weakness seen around the US dollar, while upside bias lacks momentum on the back of persisting risk-off sentiment. Meanwhile, the USD index now drops -0.12% at 93.63 levels.On the data-front, next of relevance remains the US NFP data, which is likely to set next direction on the GBP/USD pair.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4531 TGT 1.4551 1.4581 SL 1.4501
  • SELL GBP/USD BELOW 1.4500 TGT 1.4480 1.4450 SL 1.4530

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

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