9May

Comex Trading Signals and Market News – 09 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact of    crude production cuts in Canada where a huge wildfire has disrupted oil sands operations.Oil prices were down around one percent in early European trading, with global benchmark Brent prices set for their first weekly loss in five weeks.
  • Gold prices gained ground on Friday, as traders awaited the release of key U.S. employment data due later in the day amid uncertainty over the strength of the local job market.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.74% at $1,281.55.
  • Soaring silver prices are changing the market’s 2016 landscape as bargain-hunting coin buyers step to the sidelines, and futures and options participants take the reins, said Erica Rannestad, senior analyst of precious metals demand at GFMS.”It’s this renewal in the short term of interest in precious metals as a safe haven,” Rannestad said.

ECONOMY NEWS :

  • Investors pulled out of equities at the fastest rate since last summer’s market rout and cut cash exposure, opting instead for less risky fixed income and precious metals assets ahead of U.S. jobs data, Bank of America Merrill Lynch (NYSE:BAC) (BAML) said on Friday.Net outflows from equity funds almost tripled from the week before, soaring to $16.9 billion – the largest exodus since September, when investors fled stock markets after China’s surprise devaluation sent global markets into a tail spin.
  • Greeks started a 48-hour nationwide strike on Friday in anger at tax and pension reforms pursued by the indebted nation to qualify for more of a multi-billion euro bailout it signed up to last year.Called by the largest private and public sector unions, the strike left ships docked at port, disrupted public transport and kept civil servants and journalists off the job.
  • China has told banks to step up checks on their bill financing businesses to curb risks, after the sector was hit by several cases of bill fraud costing many millions of dollars.Chinese officials have warned against systemic risks as banks struggle to cope with rising bad loans as the economy slows.Some banks have suffered heavy losses due to lax internal controls and other irregularities in bill financing, the People’s Bank of China (PBOC) said in a document jointly issued with the China Banking Regulatory Commission (CBRC).

TRADING STRATEGY :

  • BUY GOLD ABOVE 1288 TARGET 1293 1299 SL 1283
  • SELL GOLD BELOW 1282.5 TARGET 1277.5 1271.5 SL 1287.5

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

9May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 37.01 points or 1.34% lower to 2730.8, taking the year-to-date performance to -5.27%.
  • The top active stocks today were SingTel, which declined 0.53%, DBS, which declined 0.93%, UOB, which declined 1.71%, OCBC Bank, which declined 1.30% and Global Logistic, with a 3.21% fall.
  • The FTSE ST Mid Cap Index declined 0.43%, while the FTSE ST Small Cap Index declined 0.42%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 0.28%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – remained unchanged and ended 1.2% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.58%. Keppel Corp shares declined 2.1% and Sembcorp Industries declined 4.2%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : ABF Singapore Bond Index Fund ETF (unchanged), STI ETF (-1.07%), Nikko AM Singapore STI ETF (-1.05%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.49%), Ascendas REIT (+0.42%), Suntec REIT (-0.30%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (-20.26%), HSI20600MBeCW160530 (-30.86%), HSI20800UBeCW160629 (-28.00%)
  • The most active stock warrant by value today was : DBS MB eCW160711 (-9.57%)

STOCK RECOMMENDATION :

  • BUY CWT ABOVE 2.150 TGT 2.235 2.300 SL 0.045

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

6May
forex-trading3

IForex Market Trading Signals and News – 06 May 2016

MARKET UPDATES :

  • Forex -Dollar edges higher as fears over U.S. growth ease
  • Forex -Aussie and kiwi move higher, Australian data supports
  • Forex-Sterling steady as U.K. service sector output slows

EUR/USD
The EUR/USD pair gradually extends to the downside during the mid-Asian trades, moving slightly away from 1.15 barrier, as sentiment remains mixed in Asia amid negative equities and a broadly muted US dollar. EUR/USD trades almost unchanged at fresh session lows of 1.1482, retreating from daily highs hit at 1.1494 earlier today. The main currency pair consolidates sharp declines witnessed over the past two trading session, and now meets fresh supply, taking the pair below hourly 100-SMA support located at 1.1486 levels.The EUR/USD pair stalled its minor- pullback from NY lows just ahead of 1.15 mark and resumed the downside consolidation thereon, now awaiting fresh impetus amid low volumes and minimal volatility as most major European arkets remain closed today in observance of Ascension Day.

GBP/USD
The pound held steady against the dollar on Thursday despite data showing that U.K. service sector output grew at the slowest rate in over three years in April, adding to fears that the economy is losing momentum.GBP/USD was last at 1.4506 from around 1.4477 ahead of the data.The Markit U.K. services purchasing managers’ index fell to 52.3 in April from 53.7 the previous month.It was the lowest level since February 2013 and was below economists’ expectations for a reading of 53.5. The service sector was hit by uncertainty over the European Union membership referendum on June 23, which delayed new orders and by the introduction of the new living wage which has added to cost increases for employers.

RECOMMENDATION :

  • BUY GBP/USD ABOVE1.4465 TGT 1.4485 1.4515 SL 1.4435
  • SELL GBPUSD AROUND 1.4519 -1.4517 TGT 1.4499 1.4469 SL 1.4549

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

6May

Comex Trading Signals and Market News – 06 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were higher in European trade on Thursday, as market players looked ahead to a raft of speeches from Federal Reserve officials later in the day to judge the balance of opinion among policymakers on the prospect of further rate hikes.St. Louis Fed President James Bullard is due to speak at 15:30GMT, or 11:30AM ET, at Santa Barbara County’s Economic Summit.
  • A huge wildfire near Canada’s oil sands region and escalating tensions in Libya stoked concern among investors over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday.Brent crude futures (LCOc1) rose $1.19 on the day to $45.81 a barrel by 0845 GMT, while U.S. West Texas Intermediate (WTI) futures (CLc1) rose $1.45 to $45.23.
  • WTI Crude oil futures are lingering around $45 per barrel mark as steady buying has emerged in the counter after a sharp tumble on Monday. US inventories stay around record highs even as crude output is falling. Oil traders also seem to be eyeing the firmness in gasoline demand ahead of the peak driving season.MCX Crude oil futures ended just above Rs 2900 per barrel yesterday and should see a positive opening following the recovery in global prices.

ECONOMY NEWS :

  • European rules for winding down banks should be reconsidered and should only be applied to newly issued financial instruments, Bank of Italy governor Ignazio Visco said on Thursday.In written comments prepared for a speech in Florence, Visco said applying the new rules to existing securities “can indeed be a source of serious liquidity risk and financial instability”.
  • European Central Bank executive board member Yves Mersch took the defense of ECB policies directly to critical Germans on Thursday, reassuring them there is no plot underway to eliminate cash altogether.Tensions between the ECB and Germany have worsened since the bank unveiled fresh stimulus in March, expanding asset buys and cutting interest rates deeper into negative territory, much to the objection of Germany’s Bundesbank.
  • India is considering setting up an independent panel to help state-owned banks negotiate settlements with big businesses on bad loans, in order to shield bankers from a populist backlash they say is hobbling efforts to clean up their balance sheets. India’s $121 billion troubled debt pile, over $100 billion of which is on the books of state owned banks, has come under close scrutiny from prosecutors, the media and politicians. Some have blamed banks for going too easy on corporate tycoons, and do not want taxpayers propping up the struggling banking sector.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1283.5 TARGET 1288.5 1294.5 SL BELOW 1278.5
  • SELL GOLD BELOW 1274.5 TARGET 1269.5 1263.5 SL ABOVE 1279.5

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

6May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.26 points or 0.19% lower to 2,767.81 , taking the year-to-date performance to -3.9%.
  • The top active stocks today were SingTel, which gained 0.53%, DBS, which declined 2.22%, OCBC Bank, which declined 1.06%, UOB, which declined 1.04% and Wilmar Intl, with a 0.57% advance.
  • The FTSE ST Mid Cap Index declined 0.27%, while the FTSE ST Small Cap Index rose 0.01%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 1.85%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 1.14% higher and 3.27% higher respectively.
  • The underperforming sector was the FTSE ST Financials Index, which slipped 0.62%. DBS Group Holdings shares declined 2.22% and OCBC declined 1.06%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (unchanged), Nikko AM Singapore STI ETF (unchanged), DBXT FTSE Vietnam ETF 10 (-0.99%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+1.49%), Ascendas Reit (+0.42%), Capitacom Trust (+0.36%)
  • The most active index warrants by value today were : HSI20600MBeCW160530 (-5.81%), HSI20000MBePW160629 (+1.00%), HSI20000MBePW160530 (-1.30%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+1.08%), UOB MB eCW160705 (-12.50%), DBS MB ePW161003 (-2.26%)

STOCK RECOMMENDATION :

  • BUY ANCHOR RESOURCES ABOVE 0.138 TGT 0.144 0.148 SL 0.131

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

5May

Comex Trading Signals and Market News – 05 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices rose by 0.31 per cent on Wednesday after US industry supply data noted a build in crude but refined products showed healthy drawdowns. The American Petroleum Institute said its estimate of weekly crude oil stock showed a build of 1.265 million barrels.
  • Gold prices fell by 0.45 per cent on Wednesday as the US dollar staged a recovery after a pair of Federal Reserve officials talked up US interest rate hikes this year. Atlanta Fed President Dennis Lockhart said the US could see two further interest rate rises this year while San Francisco Fed President John Williams said that he would support an interest-rate hike in June as long as he sees continued progress on the economy inflation and jobs.
  • Zinc, a metal that is used in Galvanization gained in the month of April 2016 compared to March 2016. On LME, prices averaged at $ 1851 per tonne in April 2016 compared to $ 1802 per tonne in March 2016, up 2.7%. International Lead and Zinc Study Group (ILZSG) mentioned that World usage of refined zinc metal is expected to increase by 3.5% to 14.33 million tonnes in 2016.

ECONOMY NEWS :

  • Atlanta Federal Reserve President Dennis Lockhart said on Tuesday that Britain’s vote on whether to stay in the European Union could “loom large” as the U.S. central bank contemplates whether to raise interest rates at its next policy meeting.”Brexit could be a source of heightened global uncertainty,” Lockhart said in a speech before the World Affairs Council of Jacksonville, Florida, adding it “has some potential to loom large as we approach the June meeting.”
  • Greater disclosure of all the capital requirements faced by banks would reinforce financial stability and reassure investors no hidden dangers lurk on balance sheets, a top European Union banking regulator said on Wednesday. Andrea Enria, chairman of the European Banking Authority (EBA), said the global financial crisis following the collapse of U.S. bank Lehman Brothers in 2008 showed how opacity could destabilise markets.
  • Chinese consumers were increasingly optimistic about the car buying environment in April but were less likely to act on this assessment as plans to buy a car over the next 12 months continued the downward movement seen since the start of the year. Meanwhile, a fall in expected running costs helped boost overall sentiment towards the sector.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1285 TARGET 1290 1296 SL BELOW 1280
  • SELL GOLD BELOW 1275 TARGET 1270 1264 SL ABOVE 1280

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

5May
Forex Signals

IForex Market Trading Signals and News – 05 May 2016

MARKET UPDATES :

  • Forex -Dollar edges higher, pulls away from 16-month trough
  • Forex -Sterling hits day’s lows after U.K. construction data
  • Forex-Yuan, rupee forecast to weaken slightly over coming year:

EUR/USD
The EUR/USD pair has moved within striking distance of moving back above 1.1500 handle, recovering from day’s through level of 1.1476 ahead of the Euro-zone service PMI data. The pair on Tuesday witnessed a sharp reversal from intraday peak of 1.1616 and dropped back below 1.1500 level on broad USD recovery from the lowest level since Jan. 2015. Investors also seem to lighten their bearish USD positions ahead of the key jobs data scheduled for release on Friday. Friday’s jobs report along with today’s ISM non-manufacturing index would continue to probe some additional volatility in the pair.Although the pair on Tuesday, managed to break-through 1.1550 immediate resistance but the momentum above 1.1600 faded, dragging the pair back below 1.1500 mark. Traders would now be eyeing 1.1455-50 immediate support, which if broken seems to extend Tuesday’s reve.

GBP/USD
The pound touched session lows against the firmer dollar on Wednesday after data showing that construction output in the U.K. rose at the slowest pace in almost three years in April, adding to fears that the economy is losing traction. GBP/USD was down 0.34% at 1.4483 from around 1.4491 ahead of the data. The Markit U.K. construction purchasing managers’ index fell to 52.0 last month from 54.2 in March.Economists had expected the index to fall to 54.0.Commercial building was the strongest performing category in April, while residential construction growth rebounded only slightly from March’s 38-month low and civil engineering activity expanded at the weakest pace so far in 2016, Markit said.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4525 TGT 1.4545 1.4575 SL 1.4495
  • SELL GBP/USD AROUND 1.4515 TGT 1.4495 1.4465 SL 1.4545

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

5May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 05 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 27.32 points or 0.96% lower to 2811.2, taking the year-to-date performance to -2.48%.
  • The top active stocks today were DBS, which gained 0.46%, OCBC Bank, which declined 1.94%, SingTel, which declined 0.78%, UOB, which declined 1.08% and Wilmar Intl, with a 2.16% fall.
  • The FTSE ST Mid Cap Index declined 0.71%, while the FTSE ST Small Cap Index declined 0.20%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.83%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings – ended 1.06% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 2.05%. Wilmar International shares declined 2.16%and Thai Beverage declined 2.01%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT iBoxx Korea ETF 5 (unchanged), SPDR Gold Shares (+1.66%), STI ETF (-1.39%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-0.97%)Ascendas REIT (unchanged), Capitacom Trust (-1.05%)
  • The most active index warrants by value today were : HSI20000MBePW160530 (+21.15%), HSI20000MBePW160629 (+13.75%), HSI21400MBeCW160530 (-37.31%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (+2.86%), OCBC Bk MB eCW161003 (-14.29%), UOB MB eCW160705 (-14.82%)

STOCK RECOMMENDATION :

  • BUY BREAD TALK ABOVE 1.140 TGT 1.185 1.220 SL 1.085

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

4May

Comex Trading Signals and Market News – 04 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices fell by 0.28 per cent on Tuesday as participants booked profits at prevailing higher levels even as the precious metal glittered overseas. Traders attributed the fall in gold futures to profit-booking by traders at existing levels. However a firm trend overseas on speculation that the US central bank will be slow to tighten policy further bolstering the metal’s appeal as the dollar sagged.
  • Crude oil prices rose by 0.07 per cent on Tuesday as the dollar slipped to an 18-month low against the yen potentially spurring fuel demand. Higher oil came on the back of a slumping dollar which makes purchases of dollar-traded fuel cheaper for countries using other currencies potentially spurring demand as well as strong investor interest in oil.
  • Lead prices fell by 0.75 per cent on Tuesday as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX Lead futures for the May 2016 contract is trading at Rs 118.60 per kg down by 0.75 per cent after opening at Rs 118.95 against a previous close of Rs 119.50.

ECONOMY NEWS :

  • UK factory activity contracted to 49.2 in April from revised 50.7 in March, survey data from Markit showed Tuesday. It was forecast to rise to 51.2 from March’s originally estimated value of 51. The reading fell below the critical no-change mark of 50.0 for the first time since March 2013. The headline index was dragged lower by lacklustre trends in production and new orders and declines in both employment and stocks of purchases.
  • The global economic growth will remain weak and is forecast to pick up only modestly by 3.1% in 2016 and 3.4%    in 2017, according to a latest economic forecast by the European Commission today. The outlook for global GDP growth has weakened further as major advanced economies also slowed, and expectations of a modest pick-up are subject to a high degree of uncertainty. It attributed the slow pace of the gross domestic product growth globally to a slowdown in emerging markets, saying growth outside the European Union fell last year to its slowest rate since 2009. The previous outlook for global growth stood at 3.3% for 2016 and 3.5% for next year.
  • The weakness of emerging economies could prove lasting as deep-seated structural problems rather than fleeting troubles are the root cause, posing a risk to growth even in advanced economies, the European Central Bank said on Tuesday. ECB President Mario Draghi has repeatedly cited subdued growth in emerging market as a drag on the euro area recovery and one of the reasons underpinning its ultra-easy policies.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1301 TARGET 1306 1312 SL BELOW 1296
  • SELL GOLD BELOW 1288 TARGET 1283 1277 SL ABOVE 1293

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

4May

IForex Market Trading Signals and News – 04 May 2016

MARKET UPDATES :

  • Forex -Aussie, kiwi move lower after RBA move, China PMI
  • Forex -Yen soars, Aussie slides after RBA cuts rates
  • Forex- Dollar hits 16-month lows vs. other majors

EUR/USD
The Euro continues to push higher against the US Dollar, with prices poised to deliver the seventh consecutive day of gains. If strength continues into the daily close, this would make for the longest winning streak since December 2013 for the single currency. Finishing the day above the 38.2% Fibonacci expansion at 1.1577 exposes the next upside barrier in the 1.1689 -1714 area, marked by the 50% level and the August 24 swing high. Alternatively, a reversal below the 1.1439-65 zone (April 12 high, 23.6% Fib) paves the way for a test of the 14.6% expansion at 1.1353.The long-term EUR/USD trend continues to look broadly bearish, painting recent gains as corrective. With that in mind, an actionable short trade setup is absent for the time being. As such, we will remain on the sidelines sand wait for signs of topping to offer a compelling selling opportunity.

GBP/USD
Sterling retreated from four-month highs against the dollar on Tuesday after data showing that U.K. manufacturing activity contracted for the first time in over three years in April, adding to gloom over the outlook for second quarter growth.GBP/USD was last at 1.4712, still up 0.26% for the day after rising as high as 1.4769 earlier, the most since January 4. The Markit U.K. manufacturing purchasing managers’ index fell to 49.2 in April from a downwardly revised reading of 50.7 in March.Economists had expected a more modest uptick to 51.2.It was the first time that the index fell below the 50.0 level separating growth from contraction since March 2013, highlighting concerns over a deepening slow-down in the sector at the start of the second quarter.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4700 TGT 1.4720 1.14750 SL 1.4670
  • SELL GBP/USD BELOW 1.4658 TGT 1.4638 1.4608 SL 1.4688

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

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