24Aug

Comex Trading Signals and Market News – 24 August 2016

INTERNATIONAL COMMODITY NEWS

  • Nickel futures were trading lower during the evening trade in the domestic market on Tuesday as speculators cut down their bets led by fall in demand from alloy-makers at the domestic spot market amid tracking weak trend overseas.Further a drop in domestic demand for nickel was mainly in-line with a weak trend overseas as most industrial metals retreated following comments from a US Federal Reserve official which bolstered speculation that US borrowing costs will rise this year.
  •  Oil fell below $49 a barrel on Tuesday, giving up part of August’s strong rally, as signs of rising supply outweighed  hopes that producing nations will agree steps to support prices.A Nigerian militant group, which has claimed a wave of attacks on oil facilities, said at the weekend it was ready for a ceasefire and Iraq resumed pumping through a northern pipeline halted earlier this year.
  •  Gold prices struggled for direction in European trade on Tuesday, pausing after two days of declines, as markets looked ahead to a speech by Federal Reserve Chair Janet Yellen later this week that could shed light on the timing of a U.S interest rate hike.Gold for December delivery on the Comex division of the New York Mercantile Exchange dipped 25 cents, or 0.02%, to trade at $1,343.15 a troy ounce by 2:52AM ET (06:52GMT).

ECONOMY NEWS

  • Making money amid Mongolia’s deepening economic crisis, currency dealers thronging the black markets of Ulaanbaatar wave wads of American dollars and Chinese yuan, warning desperate customers that foreign banknotes are becoming scarcer by the day.The Naiman Sharga market, close to the Mongolian capital’s cluttered and impoverished “ger” or tent districts, has become a daily destination for residents panicked by a precipitous decline in the currency,the tugrik.
  •  World Bank President Jim Yong Kim on Tuesday formally launched a bid for a second five-year term as head of the multilateral development lender, whose board pledged an “open, merit-based, and transparent” selection process.Kim,a global public health expert and former Dartmouth College president, notified the board of his intention to continue in the bank’s top job after his current term ends on June 30, 2017, the bank said.
  •  The U.S. budget deficit is expected to grow to $590 billion in fiscal year 2016 due to slower than expected growth in revenues and higher spending for programs including Social Security and Medicare, the Congressional Budget Office said on Tuesday.The estimate, which is $56 billion larger than CBO’s forecast in March, shows the deficit increasing in relation to economic output for the first time since 2009. CBO said the deficit is expected to be $152 billion higher than
    in 2015 and will equal 3.2 percent of economic output.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1343 TARGET 1348 1354 SL BELOW 1338.
  • SELL GOLD BELOW 1338 TARGET 1333 1327 SL ABOVE 1343.

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

24Aug
index

IForex Market Trading Signals and News – 24 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – EUR/USD trims gains after E.Z. PMI reports.
  • Forex – Aussie, kiwi move higher after Wheeler comments.
  • Forex – Kiwi gains further, yen Aussie also up as dollar dips in Asia.

EUR/USD

The euro trimmed gains against the U.S. dollar on Tuesday, after the release of mixed manufacturing and service sector activity data from the euro zone, although sentiment on the greenback remained fragile ahead of Friday’s speech by Federal Reserve Chair Janet Yellen.EUR/USD pulled back from 1.1355, the session high, to hit 1.1334 during European morning trade, still up 0.12%.The pair was likely to find support at 1.1268, Monday’s low and resistance at 1.1367, the high of August 18 and a nearly two-month high.Earlier Tuesday, research group Markit said Germany’s manufacturing purchasing managers’ index slipped to a two-month low of 53.6 in August from 53.8 the previous month, confounding expectations for a slip to 53.5.Germany’s services PMI fell to a 15-month low of 53.3 this month from 54.4 in July, compared to expectations for an unchanged reading.

GBP/USD

GBP/USD is currently trading with a bullish bias. Following the breakout above 1.3134, we remain long and expect a breakout above 1.3167 to culminate in to an new impulsive rally to the upper side. In the meantime, we wait for minor corrective rally to the lower side to
give us low risk buy opportunities with a target at 1.3345. This pair should be traded alongside EUR/USD, NZD/USD, AUD/USD, EUR/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3210 TGT 1.3230 1.3260 SL 1.3180.
  • SELL GBPUSD BELOW 1.3130 TGT 1.3100 1.3070 SL 1.3160.

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

24Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 24 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 9.24 points or 0.33% higher to 2850.43, taking the year-to-date performance to –
    1.12%.
  • The top active stocks today were DBS, which gained 0.87%, Singtel, which gained 0.72%, CapitaLand, which declined 0.33%, UOB, which gained 0.51% and OCBC Bank, with a 0.24% advance.
  • The FTSE ST Mid Cap Index gained 0.14%, while the FTSE ST Small Cap Index declined 0.12%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.91%. The two biggest
    stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 2.36% higher and 0.22% higher
    respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 0.39%. Wilmar International shares declined 0.32%and Thai Beverage declined 0.98%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:IS MSCI India (+0.14%) ,DBXT MSCI Thailand TRN ETF (-1.36%) ,DBXT MSCI Taiwan ETF (-1.41%)
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (+1.24%) ,CapitaLand Commercial Trust (-1.28%) ,CapitaLand Mall Trust (+0.94%)
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (+0.76%) ,HSI22800VTeCW160929 (+3.73%) ,HSI22400MBePW160929 (-2.44%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+5.83%) ,DBS MB eCW170201 (+5.83%) ,DBS MB ePW170201 (-5.04%)

STOCK RECOMMENDATION :

  • BUY NEW SILKROUTES ABOVE 0.540 TGT 0.565 0.580 SL 0.515.
23Aug
forex text and business graph 3d rendered

IForex Market Trading Signals and News – 23 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie and kiwi move lower vs. stronger greenback.
  • Forex – Yen, Aussie fall further in Asia as Fischer views drive dollar.
  • Forex – Yen weaker in early Asia with focus this week on Yellen views.

EUR/USD

EUR/USD is currently trading with a bearish bias.Euro gapped down into our objective demand zone 1.1267-1.1276, unless there is a clear breakout below this zone, we expect a possible rebound from this zone to go long with an ideal target at 1.1312 or even higher. A clear breakout below 1.1267 will push the price further to the lower side but should not go beyond 1.1155. This pair should be traded alongside GBP/USD,AUD/USD, NZD/USD and EUR/HKD. These pairs have a strong positive correlation of up to +0.93 and will have a
similar price action during this intraday.

GBP/USD

GBPUSD is currently trading with a bearish bias. During the previous trading day on 19th August 2016 , our stop got hit when the price closed below $1.3115, following the breakout below $1.3077, we expect further movements to the lower side with our ideal target at $1.2997 or even lower. This pair should be traded alongside GBP/JPY, GBP/CHF, GBP/ CAD and GBP/NZD. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3120 TGT 1.3140 1.3170 SL 1.3090.
  • SELL GBPUSD BELOW 1.3013 TGT 1.2993 1.263 SL 1.3043.

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

23Aug

Comex Trading Signals and Market News – 23 August 2016

INTERNATIONAL COMMODITY NEWS

  • Aluminium futures were trading lower during the noon trade in the domestic market on Monday as investors and speculators remained on the sidelines amidst muted physical demand for aluminium in the domestic spot market.Further sluggish demand for aluminium at the domestic spot market was on the back of trimming of bets by participants in the spot markets influenced aluminium prices at futures trade.
  • Gold prices were under pressure in European trade on Monday, falling to a two-week low as the U.S. dollar rallied amid
    indications the Federal Reserve could raise interest rates as early as next month.Gold for December delivery on the  Comex division of the New York Mercantile Exchange dropped to a session low of $1,335.40 a troy ounce, a level not
    seen since August 9.It was last at $1,337.35 by 2:46AM ET (06:46GMT), down $8.85, or 0.66%, after falling $11.00, or
    0.81%, on Friday.
  •  Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers added  rigs for an eighth consecutive week, and prospects emerged for increased exports from Iraq and Nigeria.Brent crude  futures (LCOc1) were trading at $49.39 per barrel at 1028 GMT, down $1.49 from their last close.U.S. West Texas Inter-
    mediate (WTI) crude (Clc1) was down $1.27 at $47.25 a barrel.

ECONOMY NEWS

  • Less than two months in office, Philippines President Rodrigo Duterte is getting high marks from the business community for policies that could engineer an economic surge and companies say they are making new investments as a result.While Duterte may be getting headlines for a bloody war against drug dealers and users, less attention has been paid to one of Asia’s few economic success stories.
  • The Bank of Japan’s near doubling of its purchases of Tokyo shares is causing investors to worry the central bank will
    dominate financial markets, which could lead to price distortions as it continues to grease the economy.The BOJ’s buying spree will make it harder for investors to sift good companies from bad, and raises a host of other problems including misallocating capital, making equities trading more speculative and reducing incentives for companies to meet shareholder needs, analysts say.
  •  The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable   inflation.But as the country’s central bankers converge for their annual symposium in Jackson Hole, Wyoming this week, they are under increasing pressure to reform their own system and goals to better reflect the diversity of America and its incomes.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1337 TARGET 1342 1348 SL BELOW 1332.
  • SELL GOLD BELOW 1331 TARGET 1326 1320 SL ABOVE 1336.

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

23Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 6.5 points or 0.23% lower to 2837.52, taking the year-to-date performance to -1.57%.
  • The top active stocks today were DBS, which declined 0.13%, UOB, which gained 0.23%, Singtel, which closed unchanged, OCBC Bank, which gained 0.12% and Keppel Corp, with a 1.32% advance.
  • The FTSE ST Mid Cap Index declined 0.46%, while the FTSE ST Small Cap Index declined 0.35%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 1.26%.
  • The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries- ended 1.32% higher and 0.74% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.94%. Raffles Medical Group shares
    declined1.32% and Riverstone Holdings gained 0.57%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:
    SPDR Gold Shares (-1.00%) ,IS MSCI India (-1.37%) ,STI ETF (unchanged).
  • The three most active Real Estate Investment Trusts (REITs) by value were:
    Ascendas REIT (-0.41%) ,CapitaLand Mall Trust (-1.38%) ,Suntec REIT (-2.31%).
  • The most active index warrants by value today were:
    HSI23800UBeCW161229(+2.33%),HSI22800VTeCW160929 (-2.19%) ,HSI23000MBeCW160929 (+1.84%).
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-3.74%) ,DBS MB ePW170201 (-0.83%) ,DBS VT eCW161212 (-8.93%).

STOCK RECOMMENDATION :

  • BUY NEW SILKROUTES ABOVE 0.540 TGT 0.565 0.580 SL 0.515.
19Aug
_89923250_gettyimages-160565545

Won falls sharply, stocks dip

  • The South Korean won fell nearly 1 per cent on Friday, giving up gains from earlier in the week even as the dollar wallowed at close to tow-month lows.
  • The won stood at 1,116.7 as of 0217 GMT, compared to Thursday’s close of 1,107.2.
  • There is no special reason for the won’s sharp fall. It seems like the investors are deciding to sell the currency just because they view the won isn’t likeley to strengthen anymore,said Jung Sung-yoon, a foreign exchange analyst at Hyundai Futures.
  • On a weekly basis, the won was set to decline 1.2 per cent, snapping three consecutive weeks of gains.

For more Market Updates, please visit EPIC RESEARCH PTE LTD.

19Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 19 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 6.11 points or 0.21% lower to 2837.24, taking the year-to-date performance to 1.58%.
  • The top active stocks today were Singtel, which declined 0.24%, DBS, which gained 0.27%, CapitaLand, which declined 1.28%, ComfortDelGro, which declined 2.07% and UOB, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.26%, while the FTSE ST Small Cap Index declined 0.25%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.15%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 1.70 % higher and unchanged respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.86%. Midas Holdings shares declined 4.17% and Geo Energy Resources gained 0.97%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:SPDR Gold Shares (+0.34%) ,STI ETF (unchanged) ,IS MSCI India (+0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:CapitaLand Mall Trust (-1.39%) ,Ascendas REIT (unchanged) ,Mapletree Com Trust (-0.33%).
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (+9.38%) ,HSI23000MBeCW160929 (+22.55%) ,HSI22800VTeCW160929 (+17.74%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-0.96%) ,UOB MB eCW170201 (-2.63%) ,DBS MB ePW170201 (+2.44%).

STOCK RECOMMENDATION :

  • BUY COSCO ABOVE 0.280 TGT 0.295 0.305 SL 0.265

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

18Aug
comex

Comex Trading Signals and Market News – 18 August 2016

INTERNATIONAL COMMODITY NEWS

  •  Oil prices were under pressure in European trade on Wednesday, falling from a five-week high as market players  awaited fresh weekly information on U.S. stockpiles of crude and refined products.The U.S. Energy Information Administration will release its weekly report on oil supplies at 10:30AM ET (14:30GMT) amid expectations for an increase of 522,000 barrels.
  • Gold prices edged lower in European trade on Wednesday, reversing overnight gains as market players looked ahead  to minutes of the Federal Reserve’s July policy meeting, which many feared could be more hawkish than the statement.Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $9.95, or 0.73%, to  trade at $1,346.95 a troy ounce by 3:05AM ET (07:05GMT), after rising $9.40, or 0.7%, on Tuesday.
  • Silver futures fell during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for silver as an alternative  asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS

  • South Korea’s finance minister said the country is planning to oppose all kinds of trade protectionist moves through diplomatic measures, although he did not elaborate what actions Seoul may take.Finance Minister Yoo Il-ho said in an  opening speech at a regular government meeting that the global economy faces growing risks from increasing tendencies of trade protectionism, Brexit and the U.S. presidential election campaign.
  • With the U.S. Federal Reserve perhaps edging towards a September rate increase, St. Louis Federal Reserve president  James Bullard is sticking with his view that a single move is all that is needed for a long time to come, and it does not  have to happen anytime soon.Bullard said on Wednesday he did not put much weight on whether the central bank acts in September or even at all this year, given that he now thinks a single hike is all that is needed to maintain unemployment and inflation rates near the Fed’s target levels.
  • Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some  see a need to tighten policy soon, according to the minutes from the U.S. central bank’s July 26-27 policy meeting.The  minutes, which were released on Wednesday, showed that members of the rate-setting Federal Open Market Committee were generally upbeat about the U.S. economic outlook and labor market.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1358 TGT 1363 1368 SL 1353
  • SELL GOLD BELOW 1333 TGT 1328 1323 SL 1338

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

18Aug
index

IForex Market Trading Signals and News – 18 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slips lower despite U.K. data
  • Forex – Aussie, kiwi move lower despite upbeat economic reports
  • Forex – Aussie down as dollar gains on Fed views, Moody’s affirms AAA.

EUR/USD

EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded perfectly long as previously forecasted and even hit our target resistance level 1.1276. The previous day’s candle chart is still pretty much bullish and may push the price further to the upper side, in
the meantime we wait for minor downward pullbacks towards 1.1222 to give us potential low risk buy opportunities. This pair should be traded alongside EUR/HKD, GBP/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

GBP/USD

The pound slipped lower against the U.S. dollar on Wednesday, despite the release of up beat U.K. employment data as new hopes for an upcoming rate hike by the Federal Reserve boosted demand for the greenback.GBP/USD hit 1.3011 during European morning
trade, the session low; the pair subsequently consolidated at 1.3015, shedding 0.24%.Cable was likely to find support at 1.2871, Tuesday’s low and resistance at 1.3178,the high of August 5.The U.K. Office for National Statistics said the unemployment rate remained at 4.9% in the three months to June, in line with forecasts.The claimant count fell by 8,600 in July, compared to expectations for a increase of 9,500 people, and following an advance of 900 a month earlier.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3140 TGT 1.3160 1.3190 SL 1.3110.
  • SELL GBPUSD BELOW 1.2985 TGT 1.2965 1.2935 SL 1.3015.

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

18Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 Aug 2016

MARKET UPDATES :

  • The top active stocks today were DBS, which declined 0.41%, Singtel, which declined 1.41%, UOB, which gained 0.06%,
  • Jardine C&C, which gained 2.21% and Ascendas REIT, with a 0.41% advance.
  • The FTSE ST Mid Cap Index declined 0.30%, while the FTSE ST Small Cap Index declined 0.15%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.36%. The two biggeststocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – both remained unchanged.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.64%. Silverlake Axis shares declined 4.07% and CSE Global remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were:IS MSCI India (-0.14%) ,STI ETF (-1.03%) ,DBXT MSCI Thailand TRN ETF (-0.73%)
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (+0.41%) ,Mapletree Com Trust (+0.98%) ,CapitaLand Mall Trust (-0.92%)
  • The most active index warrants by value today were:HSI23800UBeCW161229(-7.25%),HSI23000MBeCW160929 (-15.70%) ,HSI22800VTeCW160929 (-10.15%)
  • The most active stock warrants by value today were: DBS MB eCW170201 (-4.59%) ,UOB MB eCW170201 (-3.80%) ,DBS MB ePW170201 (+1.65%).

STOCK RECOMMENDATION :

BUY WONG FONG IND ABOVE 0.310 TGT 0.325 0.340 SL 0.395

15Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 15 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.91 points or 0.14% lower to 2865.91, taking the year-to-date performance to – 0.58%.
  • The top active stocks today were DBS, which gained 0.60%, Singtel, which declined 0.47%, OCBC Bank, which declined 0.36%, UOB, which gained 0.28% and JMH USD, with a 2.21% advance.
  • The FTSE ST Mid Cap Index gained 0.05%, while the FTSE ST Small Cap Index declined 0.09%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.93%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 1.67% higher and 1.09% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.72%. Midas Holdings shares declined 2.04% and Geo Energy Resources ended 3.74% higher.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (+1.53%) ,CIMB FTSE ASEAN 40 (+0.68%) ,iShares MSCI India (+1.53%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%) ,CapitaLand Mall Trust (-1.38%) ,Mapletree Com Trust (-0.33%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+9.17%) ,HSI22800VTeCW160929 (+12.93%) ,HSI23000MBeCW160929 (+13.54%)
  • The most active stock warrants by value today were : DBS MB eCW170201 (+3.92%) ,DBS VT eCW161212 (+3.77%) ,DBS MB ePW161201 (-3.70%).

STOCK RECOMMENDATION :

  • BUY SWING MEDIA TECH ABOVE 0.700 TGT 0.735 0.750 SL 0.665

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

12Aug
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.75 points or 0.20% lower to 2869.82, taking the year-to-date performance to – 0.45%.
  • The top active stocks today were Singtel, which gained 1.67%, UOB, which declined 1.00%, DBS, which declined 0.20%, OCBC Bank, which declined 0.24% and Sembcorp Marine, with a 5.39% advance.
  • The FTSE ST Mid Cap Index gained 0.09%, while the FTSE ST Small Cap Index rose 0.46%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 2.01%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources – ended 4.26% higher and 1.91% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which slipped 0.92%. Hongkong Land Holdings shares declined 1.21% and Global Logistic Properties declined 0.76%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (unchanged) ,SPDR Gold Shares (-0.61%) ,DBXT FTSE Vietnam ETF (+1.71%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%) ,CapitaLand Mall Trust (unchanged) ,CapitaLand Commercial Trust (unchanged)
  • The most active index warrants by value today were : HSI22800VTeCW160929 (+10.48%) ,HSI23800UBeCW161229 (+6.20%) ,HSI23000MBeCW160929 (+7.87%)
  • The most active stock warrants by value today were : DBS MB eCW170201 (+2.00%) ,UOB MB eCW170201 (-8.43%) ,DBS MB ePW170201 (-1.49%).

STOCK RECOMMENDATION :

  • BUY YUUZOO ABOVE 0.165 TGT 0.180 0.190 SL 0.155

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

22Aug

Comex Trading Signals and Market News – 22 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil prices settled steady to higher on Friday, with U.S. crude posting its biggest weekly gain since March after surging nearly 25 percent in a little over two weeks, a rally analysts cautioned was not justified by fundamentals.Crude futures have risen almost $10 a barrel since early August on speculation that Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries will agree next month to a production freeze deal with non-OPEC producers led by Russia.
  •  Gold fell sharply amid a resurgent dollar, as investors await a highly-anticipated appearance from Janet Yellen at next  week’s monetary policy symposium in Jackson Hole for more clarity on the Federal Reserve’s uncertain interest rate outlook.On the Comex division of the New York Mercantile Exchange, Gold for December delivery traded between $1,342.05 and $1,357.80 an ounce before settling at $1,346.25, down 10.95 or 0.81% on the session.
  • Silver futures fell during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for silver as an alternative  asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS

  • The Bank of Japan will not rule out deepening a cut to negative rates it introduced in February, the Sankei newspaper  quoted Governor Haruhiko Kuroda as saying, even as the controversial policy has failed to spur inflation or economic growth.In an interview with the daily, Kuroda said the BOJ’s negative rate policy has not reached its limits.

 

  • The latest judicial probe into Monte dei Paschi di Siena (MI:BMPS) is a procedural necessity but it could still damage Italy’s third-largest bank as it seeks to solve its financial woes, the lender’s chief executive said on Friday.CEO Fabrizio Viola and former chairman Alessandro Profumo are under investigation for alleged false accounting and market manipulation in a case involving derivatives trades, Reuters reported on Thursday.
  •  British Prime Minister Theresa May will not begin formal divorce talks on leaving the European Union before the end of  the year, a government spokeswoman said on Friday.Bloomberg cited unidentified officials as saying that May is sympathetic to the case for acting by April at the latest.”We don’t recognize this briefing,” a Downing Street spokeswoman said when asked about the report.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1345 TGT 1352-1360 SL BELOW 1338
  • SELL GOLD BELOW 1335 TGT 1328-1322 SL ABOVE 1342

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

 

22Aug
forex2

IForex Market Trading Signals and News – 22 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slides lower despite positive U.K. data.
  • Forex – Yen weaker in early Asia as markets eye Fed debate on rate hikes.
  • Forex – Dollar moves higher vs. rivals, bounces off 7-week trough.

EUR/USD
EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded long as previously forecasted but is yet to reach our target resistance level at 1.13866. Euro is still pretty much bullish on the daily chart and may head further to the upper side. We expect the current downward movement to be a mere corrective pullback and should not go beyond 1.13080 from where we’ll be looking for potential low risk buy opportunities. This pair be traded alongside EUR/JPY, GBP/USD, NZD/USD and AUD/USD. These pairs have a
strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

GBP/USD

The pound slid lower against the U.S. dollar on Friday, despite the release of positive data from the U.K., as Thursday’s upbeat U.S. economic reports continued to lend support to the greenback.GBP/USD hit 1.3112 during European morning trade, the session low; the pair subsequently consolidated at 1.3115, declining 0.43%.Cable was likely to find support at 1.2976, Wednesday’s low and resistance at 1.3449, the high of August 4.The U.K. Office for National Statistics said that public sector net borrowing declined by £1.47 billion in July, compared to expectations for a £1.20 billion fall.Public sector net borrowing in creased by £7.51 billion in June, whose figure was revised from a previously estimated £7.31 billion gain.But the dollar remained supported after data on Thursday showed that initial jobless claims decreased by 4,000 to 262,000 last week, compared to expectations for a 1,000 decline to 265,000.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3087 TGT 1.3107 1.3137 SL 1.3057
  • SELL GBPUSD BELOW 1.3048 TGT 1.3028 1.2998 SL 1.3078

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22Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 22 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2 points or 0.07% higher to 2838.98, taking the year-to-date performance to -1.52%.
  • The top active stocks today were DBS, which gained 0.68%, Singtel, which declined 0.24%, CapitaLand, which closed unchanged, UOB, which closed unchanged and CapitaLand Mall Trust, with a 1.88% advance.
  • The FTSE ST Mid Cap Index gained 0.45%, while the FTSE ST Small Cap Index rose 0.51%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.94%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended unchanged and 0.96% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.62%. Singtel shares declined 0.24 % and StarHub gained 0.52 %.
  • The three most active Exchange Traded Funds (ETFs) by value today were:IS MSCI India (+0.14%) ,iShares USD Asia Bond ETF (+1.08%) ,STI ETF (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were:CapitaLand Mall Trust (+1.88%) ,Ascendas REIT (-1.22%) ,Mapletree GCC Trust (+0.91%)
  • The most active index warrants by value today were:
    HSI23000MBeCW160929 (-12.80%) ,HSI22800VTeCW160929 (-6.16%) ,HSI23800UBeCW161229 (-7.86%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+3.88%) ,SGX VT eCW161212 (-1.49%) ,DBS MB ePW170201 (-4.76%).

STOCK RECOMMENDATION :

  • BUY BAKER TECHNOLOGY ABOVE 0.570 TGT 0.600 0.630 SL 0.540.

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19Aug
stock gain

Won falls sharply, stocks dip

  • The South Korean won fell nearly 1 per cent on Friday, giving up gains from earlier in the week even as the dollar wallowed at close to tow-month lows.
  • The won stood at 1,116.7 as of 0217 GMT, compared to Thursday’s close of 1,107.2.
  • There is no special reason for the won’s sharp fall. It seems like the investors are deciding to sell the currency just because they view the won isn’t likeley to strengthen anymore,said Jung Sung-yoon, a foreign exchange analyst at Hyundai Futures.
  • On a weekly basis, the won was set to decline 1.2 per cent, snapping three consecutive weeks of gains.

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