3Jun
Forex trading

IForex Market Trading Signals and News – 03 June 2016

MARKET UPDATES :

  • Forex – Pound rises against weaker dollar, but gains checked
  • Forex – Dollar hits two-week low against yen
  • Forex – Aussie slides lower after mixed data, kiwi holds steady

EUR/USD
The EURUSD pair opens today’s trading with more positivity to start the breaching process to 1.1196 resistance, and as we mentioned yesterday, breaching this level represents key factor to confirm the continuation of the bullish trend, opening the way to head towards our next main target at 1.1356.Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by the EMA50 that carries the price from below now, conditioned by the price stability above 1.1170 and the most important above 1.1066. Expected trading range for today is between 1.1110 support and 1.1320 resistance.

GBP/USD
The pound moved higher against softer dollar on Thursday as doubts over a near-term U.S. rate hike hit the greenback, but sterling’s gains were held in check after disappointing U.K. construction sector data.GBP/USD was up 0.16% at 1.4436, holding below session highs of 1.4467. The pound’s gains were checked after survey data showing that the slowdown in the U.K. construction sector continued in May, amid the first drop in new orders since April 2013. The Market construction purchasing managers’ index fell to 51.2 from April’s reading of 52.0. Economists had expected an unchanged reading.The report said that delay’s to client decision making ahead of the European Union membership referendum on June 23 had contributed to the slowdown.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4470 TGT 1.4490 1.4520 SL 1.4400
  • SELL GBP/USD BELOW 1.4418 TGT 1.4398 1.4368 SL 1.4448

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

3Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 03 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4.55 points or 0.16% higher to 2795.09, taking the year-to-date performance to -3.04%.
  • The top active stocks today were DBS, which declined 0.07%, ThaiBev, which gained 2.78%, SingTel, which closed unchanged, UOB, which closed unchanged and Wilmar Intl, with a 1.80% advance.
  • The FTSE ST Mid Cap Index gained 0.10%, while the FTSE ST Small Cap Index rose 0.22%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 2.24%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 1.80% higher and 2.78% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which slipped 0.55%. CapitaMall Trust shares declined 0.99% and Ascendas REIT declined 0.43%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.59%), DBXT MSCI Indonesia ETF 10 (unchanged), STI ETF (+1.06%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.43%), Capitamall Trust (-0.99%), Capitacom Trust (-1.07%)
  • The most active index warrants by value today were : HSI19400UBePW160929 (-4.57%), HSI21000MBeCW160629 (+13.85%), HSI23800UBeCW161229 (+17.65%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (unchanged), KepCorp MBeCW161101 (unchanged), UOB MB eCW161031 (+2.89%)

STOCK RECOMMENDATION :

  • BUY FEDERAL INT ABOVE 0.330 TGT 0.345 0.355 SL 0.315

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

2Jun

Comex Trading Signals and Market News – 02 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures tumbled by more than 1 per cent during late morning trade in the domestic market on Wednesday as investors and speculators exited positions in the industrial metal after data showed that manufacturing activity in China the world’s biggest metals consumer continued to contract in May signaling a worsening economic slowdown in the country darkening the demand outlook for the metal.
  • Gold prices rose with investors noting mixed China PMI estimates. The Caixin manufacturing PMI came in at 49.2 below the 49.3 expected and down from the previous 49.4. Earlier in China the semi-official CFLP manufacturing PMI for May came in a bit higher than expected at 50.1 unchanged from the previous month.The non-manufacturing PMI for May came in at 53.1 down from 53.5 the previous month.
  • Crude oil prices fell as production from the major Middle East exporters was expected to remain high or even increase. Traders said that the dips were a result of the prospect of rising output from Middle East members of the Organization of the Petroleum Exporting Countries (OPEC) which meets this week in Vienna to discuss its market policy which most analysts say will continue to focus on defending market share instead of propping up prices by controlling output.

ECONOMY NEWS :

  • Japanese Prime Minister Shinzo Abe told lawmakers on Wednesday that he has decided to delay a scheduled sales tax hike by two-and-a-half years, putting his plans for fiscal reforms on the back burner amid more weakness in the economy. The widely-anticipated delay will be welcomed by a majority of voters, who will cast ballots in an upper house election in July. But it is fanning doubts about Abe’s plans to curb Japan’s huge public debt and fund ballooning social welfare costs of a fast-ageing population.
  • China’s central bank on Wednesday said it injected a total of 290.57 billion yuan ($44.1 billion) through short- and medium-term liquidity facilities in May to help support credit growth and the slowing economy.That amount of liquidity injections was down from 715.76 billion yuan in April.The People’s Bank of China extended 290 billion yuan to financial institutions in May via its medium-term lending facility (MLF), it said in a statement on its website.
  • The total amount of capital that euro zone banks are expected to hold as a safety buffer would not change even if part of it was expressed as non-binding “guidance” by the watchdog, one of the European Central Bank’s top supervisors said on Wednesday.”This adjustment to the…concept would not change the total capital level; it would just be divided differently between requirements and guidance,” Sabine Lautenschlaeger, who represents the ECB’s supervisory arm on the bank’s executive board, said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1223 TARGET 1228 1234 SL 1218
  • SELL GOLD BELOW 1213 TARGET 1208 1202 SL 1218

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

2Jun
forex-trading3

IForex Market Trading Signals and News – 02 June 2016

MARKET UPDATES :

  • Forex – Dollar slips lower as mixed U.S. data continues to weigh
  • Forex – Sterling falls after subdued U.K. factory data, ODEC warning
  • Forex – Dollar drops against yen, investors pare June rate hike expectations

EUR/USD
EUR/USD continues to have an uneventful week, as the pair trades at 1.1160 on Wednesday. On the release front, German Manufacturing PMI came in at 52.5 points, beating expectations. Eurozone Manufacturing PMI posted a reading of 51.5 points, matching the forecast. The US will also release a key manufacturing indicator, ISM Manufacturing PMI. The markets are expecting a weak reading of 50.5 in the April report. On Thursday, the ECB sets interest rates, while the US releases two key events – ADP Nonfarm Payrolls and Unemployment Claims.There were no surprises from the Eurozone manufacturing sector, which continues to show weak growth. German and Eurozone Manufacturing PMIs came in slightly above the 50 level, which separates contraction from expansion. German numbers have been mixed this week. German numbers have started the week with mixed results.

GBP/USD
The pound fell to the day’s lows on Wednesday after data showing that U.K. manufacturing edged back into expansion territory in May but growth remained subdued and as OECD cut its U.K. growth forecast and warned on Brexit.GBP/USD touched lows of 1.4450, down from around 1.4467 ahead of the data.Market said the U.K. manufacturing purchasing managers’ index ticked up to 50.1 last month from 49.4 in April.Economists had forecast a reading of 49.6.The index was only fractionally above the 50.0 level separating growth from contraction. The domestic market remained positive for manufacturers, especially for producers of consumer goods, but softer global continued to weigh on new export orders, the report said.

STOCK RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4446 TGT 1.4466 1.4496 SL 1.4416
  • SELL GBP/USD BELOW 1.4416 TGT 1.4396 1.4376 SL 1.4446

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

2Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 02 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 0.52 points or 0.02% lower to 2790.54, taking the year-to-date performance to -3.20%.
  • The top active stocks today were DBS, which closed unchanged, SingTel, which gained 0.52%, HongkongLand USD, which closed unchanged, UOB, which gained 0.33% and OCBC Bank, with a 0.58% fall.
  • The FTSE ST Mid Cap Index declined 0.25%, while the FTSE ST Small Cap Index declined 0.60%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.95%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 0.30% higher and 2.86% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.67%. Midas Holdings shares declined 1.85% and Geo Energy Resources declined 4.39%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (-0.29%), SPDR Gold Shares (+0.42%), STI ETF (-0.70%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.87%), Capitamall Trust (-0.49%), Suntec REIT (-0.90%)
  • The most active index warrants by value today were : HSI19600MBePW160629A (-9.09%), HSI21000MBeCW160629 (-2.99%), HSI20000MBePW160629 (-8.70%)
  • The most active stock warrants by value today were : KepCorp MBeCW161101 (-14.47%), HSC10000UBeCW160929 (+1.89%), DBS MB eCW161031 (-3.06%)

STOCK RECOMMENDATION :

  • BUY JUMBO ABOVE 0.555 TGT 0.575 0.595 SL 0.525

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

1Jun
sgx-asx

Singapore telcos to ensure 95% 4G network coverage from July 1

SINGAPORE:

  • Singapore mobile network operators (MNOs) are required to cover 95% of outdoor areas in the 4G network from July 1, 2016, and increase this to at least 99% from July 1, 2017.

  • In a statement on Wednesday, the Infocomm Development Authority of Singapore (IDA) said the new 4G Quality of Service (QoS) standards for compliance, was to ensure that mobile phone users experience an acceptable level of service in Singapore.
  • “These standards are imposed on MNOs providing the 4G network services. The 4G QoS standards issued by us relate to the pervasiveness of mobile coverage in Singapore, which includes outdoor areas, tunnels and in building premises.
  • “We will also impose similar standards on any new MNO, who will be provided with more lead-time to roll out its network to meet the standards,” the IDA said.
  • The new standards are similar to the 3G QoS standards enhanced in 2012 and the IDA would concurrently impose both sets of QoS standards on the MNOs.
  • There are about 4.2 million mobile users who have subscribed to 4G services in Singapore, as of February this year.\

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

1Jun

Comex Trading Signals and Market News – 01 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled near the lowest level in more than three months in European trade on Tuesday, as investors returning from the long Memorial Day weekend awaited data that could back some Federal Reserve officials’ relatively optimistic views on the U.S. economy.The Commerce Department will release its core personal consumption expenditure (PCE) index for April, along with personal income and spending for the same month at 12:30GMT or 8:30AM ET.
  • Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting later this week, while U.S. crude edged higher as the summer driving season began.Brent crude oil futures were down 40 cents at $49.36 a barrel by 0839 GMT, while U.S. West Texas Intermediate (WTI) crude oil futures traded 10 cents higher at $49.43 a barrel.
  • Natural Gas futures jumped during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts for mild summer weather in the near-term bolstered hopes of a pickup in cooling demand.Updated weather forecasting models called for mild summer temperatures over the next two weeks which may boost demand for gas-fired air conditioning.About 50 per cent of US households use natural gas for cooling purposes.

ECONOMY NEWS :

  • Having dumped Asian shares on resurgent worries about China’s economy, the specter of more aggressive U.S. interest rate rises is now forcing global investors to sell the region’s bonds and currencies.A net $3.2 billion left Asian equity markets, excluding Japan, during the period May 1 to 24, the largest outflow since January, data from HSBC showed. Indonesia’s and South Korea’s bond markets, heavy recipients of foreign investment until March, are now seeing chunks of inflows reverse while Asia’s currencies have also fallen quite sharply.
  • Japanese Economy Minister Nobuteru Ishihara said on Tuesday there is no change to the government’s stance that it is trying to balance the need for economic growth with the need for fiscal discipline.Prime Minister Shinzo Abe will delay the tax hike by 2-1/2 years, sources told Reuters, due to worries the move could push down consumer spending even further and possibly hasten a return to deflation.
  • India probably gathered momentum to hold its ranking as the world’s fastest growing large economy in the quarter    through March, giving Prime Minister Narendra Modi more to celebrate after completing two years in office last week. Modi swept to power promising to revitalize Asia’s third-largest economy and, despite a dearth of private investment and shrinking exports, his policies are having some success as cooling inflation and lower interest rates have boosted consumer demand.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1214.3 TARGET 1219.3 1225.3 SL 1209.3
  • SELL GOLD BELOW 1209.5 TARGET 1204.5 1198.5 SL 1214.5

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

1Jun
Forex trading

IForex Market Trading Signals and News – 01 June 2016

MARKET UPDATES :

  • Forex – Dollar hovers at 2-month highs ahead of U.S. data
  • Forex – Euro holding above 10-week lows after EZ inflation, jobs data
  • Forex- Aussie and kiwi move higher on upbeat data

EUR/USD
The euro stayed supported above 10-week lows against the dollar on Tuesday after data showing that euro zone consumer prices remained in negative territory this month, though the rate of deflation eased.EUR/USD was last at 1.1131, holding above the 10-week trough of 1.1097 set on Monday.Eurostat reported that the flash estimate showed that consumer prices in the single currency bloc fell 0.1% on a year-over-year basis in May, in line with economists’ expectations after falling 0.2% in April.The European Central Bank targets inflation of close to, but just below 2%. The decline in inflation was due in large part to lower oil prices, Eurostat said.Energy prices fell by 8.1% in May from a year earlier, slowing from an 8.7% fall in April.Core inflation, which strips out energy and food costs, rose by 0.8% in May from 0.7% in April.

GBP/USD
GBP/USD is currently trading with a strong bullish bias. Yesterday, the pair traded short as previously forecasted but ended up closing a few pips from our first target 1.4575. Currently, this pair is pretty much bullish and may break above 1.4706, but should not close above 1.4818. In the meantime, we are waiting for a clear breakout above 1.4729 to give us the green light to continue to the upper-side. This view can only be invalided should the price end up rebounding from 1.4729. A rebound from this resistance level will lead to an acceleration to the lower side but should not go below 1.4480. This pair should be traded alongside GBP/CHF, and GBP/JPY. These pairs have a strong positive correlation and will thus have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4565-1.4568 TGT 1.4598 1.4628 SL 1.4535
  • SELL GBP/USD BELOW 1.4540 TGT 1.4520 1.4490 SL 1.4570

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

1Jun
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.69 points or 0.2% lower to 2791.06, taking the year-to-date performance to -3.18%.
  • The top active stocks today were HongkongLand USD, which declined 0.17%, DBS, which declined 0.32%, SingTel, which declined 0.77%, OCBC Bank, which gained 0.82% and Global Logistic, with a 0.28% fall.
  • The FTSE ST Mid Cap Index gained 0.52%, while the FTSE ST Small Cap Index rose 0.57%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 2.34%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 2.00% higher and 4.62% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.27%. Keppel Corp shares declined 1.83% and Sembcorp Industries declined 1.41%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.88%), STI ETF (unchanged), iShares USD Asia HY Bond ETF (-0.84%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.29%), Capitamall Trust (-0.49%), Capitacom Trust (-2.11%)
  • The most active index warrants by value today were : HSI22400UBeCW161028 (+17.11%), HSI20800UBeCW160629 (+27.45%), HSI21000MBeCW160629 (+9.84%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-1.01%), KepCorp MBeCW161101 (-3.80%), UOB MB eCW161031 (+1.91%).

STOCK RECOMMENDATION :

  • BUY HMI ABOVE 0.350 TGT 0.370 0.385 SL 0.330

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

31May

Comex Trading Signals and Market News – 31 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures plunged during morning trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking a bearish trend in the overseas market as a stronger dollar curbed the lure for the bullion as an alternative asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming demand.
  • Oil prices were modestly lower in quiet European trade on Monday, as a broadly stronger U.S. dollar prompted market players to lock in gains from a recent rally which took prices above the key $50-level.Both Brent and West Texas Intermediate oil futures cracked $50 late last week for the first time since October as traders eyed supply disruptions in Nigeria, France, Canada and Venezuela.
  • Gold futures fell sharply in European trade on Monday, dropping below the key $1,200-level for the first time since February as investors continued to factor in an increased chance of a near-term U.S. interest rate rise.In remarks made during an appearance at Harvard University Friday afternoon, Federal Reserve Chair Janet Yellen said a rate hike in the coming months “would be appropriate,” if the economy and labor market continue to improve.

ECONOMY NEWS :

  • German Finance Minister Wolfgang Schaeuble said on Monday that the European Central Bank’s responsibility for the entire euro zone meant the institution was not implementing the best monetary policy for Germany. He said it was necessary to recognise that “the ECB has to pursue a policy in a currency union for all 19 member states that is not the optimal monetary policy for Germany”.
  • St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be “well-prepared” for a summer interest rate hike from the Fed, although he did not specify a date for the policy move. “My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too surprising given our liftoff from December and the policy of the committee which has been to try to normalize rates slowly and gradually over time,” Bullard told a news conference after speaking at an academic conference in Seoul.
  • India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers,
    as Prime Minister Narendra Modi strives to bring the rural poor into the mainstream banking system.Unscrupulous operators have bilked savers of billions of dollars by running pyramid schemes or promoting questionable investments in everything from tree plantations to farming emus, a flightless bird.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1211 TARGET 1216 1222 SL 1206
  • SELL GOLD BELOW 1199.7 TARGET 1194.7 1188.7 SL 1204.7

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

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