8Jul

Comex Trading Signals and Market News – 08 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures were trading higher during the morning trade in the domestic market on Thursday led by rise in demand in the domestic markets tracking a weak trend in overseas markets.Analysts said that the weak cues at global markets and rise in demand at domestic spot markets followed by the release of the US Fed meeting minutes which showed that the majority of Fed members were cautious to adjust rates following poor US labour data and Brexit vote influenced the rise in copper futures.
  • Oil prices edged higher on Thursday for a second day, supported by a report of another fall in U.S. crude oil inventories and a weaker U.S. dollar, although a glut of refined products and economic growth concerns continued to loom over the market. Brent crude oil futures were trading at $49.50 per barrel at 0857 GMT on Thursday, 70 cents above their last settlement. U.S. West Texas Intermediate (WTI) crude was trading at $48.08 per barrel, up 65 cents from its last close.
  • Gold prices held near the prior session’s 28-month high in European trade on Thursday, as market players looked ahead to key U.S. employment data for more clues on the Federal Reserve’s next move.The U.S. was to release the ADP jobs report for June at 12:15GMT, or 8:15AM ET, followed byweekly jobless claims data at 12:30GMT, or 8:30AM ET. Market players are also focusing on Friday’s U.S. nonfarm payrolls report.

ECONOMY NEWS :

  • China’s urban unemployment rate at the end of June was 4.05 percent, a vice minister of the human resources ministry said on Friday, up marginally from 4.04 percent at the end of the first quarter.China created 7.17 million new urban jobs in the first half of 2016, vice minister Xin Changxing said at a press briefing.
  • Japan’s top currency diplomat, Masatsugu Asakawa, said on Friday he was watching the foreign exchange market with a sense of urgency, including how U.S. jobs data later in the day could affect it.Speaking to reporters after a meeting between officials of the Finance Ministry, Bank of Japan, and the Financial Services Agency to discuss market developments, Asakawa also said the government was ready to respond to any speculative moves.
  • U.S. state and local spending on prisons and jails grew at three times the rate of spending on schools over the last 33 years as the number of Americans behind bars ballooned under a spate of harsh sentencing laws, a government report released Thursday said.U.S. Secretary of Education John King said the report’s stark numbers should make state and local governments reevaluate their spending priorities and channel more money toward education.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1370 TARGET 1375 1381 SL BELOW 1365
  • SELL GOLD BELOW 1360 TARGET 1355 1349 SL ABOVE 1365

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

8Jul
forex-trading3

IForex Market Trading Signals and News – 08 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD off record-lows after U.K. data, still under pressure
  • Forex – Aussie falls after S&P credit rating cut, kiwi gains ground
  • Forex – USD/CAD at 1-week highs after U.S., Canadian data

EUR/USD
EUR/USD is currently trading with a bullish bias. Yesterday, instead of going short as previously forecasted, the pair rebounded from the support level 1.1040, headed long but is yet to reach our target resistance level 1.1167. During this intraday, we expect a bullish price movements towards 1.1167 or even a break above it. This pair should be traded alongside AUD/JPY, EUR/JPY, GBP/JPY and NZD/USD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD
The pound rose off record lows against the U.S. dollar on Thursday, boosted by the release of positive U.K. manufacturing and industrial production data, although concerns over the effects of the Brexit vote on the nation’s economy continued to weigh. GBP/USD hit 1.2999 during European morning trade, the session high and off Wednesday’s fresh 31-year lows of 1.2797; the pair subsequently consolidated at 1.2986, up 0.43%.The U.K. Office for National Statistics said that manufacturing production decreased by 0.5% in May, better than expectations for a decline of 1.0% and following a gain of 2.4% a month earlier that was revised from an initial 2.3% advance.On an annualized basis, manufacturing production rose at rate of 1.7%, better than forecasts for a 0.7% increase.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3055 TGT 1.3075 1.3105 SL 1.3025
  • SELL GBP/USD BELOW 1.2935 TGT 1.2915 1.2885 SL 1.2905

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

8Jul
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2.5 points or 0.09% lower to 2862.17, taking the year-to-date performance to -0.71%.The top active stocks today were SingTel, which gained 0.48%, DBS, which declined 0.44%, UOB, which declined 1.62%, Noble Resources, which declined 29.52% and Hongkong Land USD, with a 1.45% fall.
  • The FTSE ST Mid Cap Index gained 0.07%, while the FTSE ST Small Cap Index rose 0.13%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index, which rose 0.70%. The two biggest stocks of the Index – CapitaMall Trust and Ascendas REIT – remained unchanged and ended 0.81% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.59%. Silverlake Axis shares declined 1.85% and CSE Global declined 1.12%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.55%),STI ETF (unchanged),IS MSCI India 100 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.81%),Capitamall Trust (unchanged),Mapletree Com Trust (+1.71%)
  • The most active index warrants by value today were : HSI22400UBeCW161028 (-15.63%),HSI21400MBeCW160728 (-7.55%),HSI21200UBeCW160929 (-8.57%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-5.88%),OCBC Bk MBeCW161004 (+1.33%),UOB MB eCW161031 (-9.64%).

STOCK RECOMMENDATION :

  • BUY ANCHOR RESOURCES ABOVE 0.142 TGT 0.150 0.160 SL 0.132

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

7Jul

Comex Trading Signals and Market News – 07 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices edged lower on Wednesday, extending losses to a third straight session, as a stronger dollar weighed and economic concerns rose following Britain’s vote to leave the European Union.Investors also awaited data on U.S. crude inventories, delayed due to Monday’s Independence Day holiday.Global benchmark Brent futures were down 30 cents at $47.66 a barrel at 0852 GMT after a 4.1 percent drop on Tuesday.
  • Gold rallied to its highest since 2014 on Wednesday and oil struggled to recover from deep losses, as renewed fears over the impact of Britain’s exit from the European Union pushed investors toward safe havens.Risk aversion gripped markets – Asian stocks tumbled and sterling plumbed a 31-year low – amid worries global efforts to boost liquidity may not be enough to cushion the impact of Brexit.
  • Silver futures closed higher in the domestic market on Monday as investors continued to search for safety tracking positive cues from overseas amid talk of fresh central-bank stimulus to avoid economic damage from Brexit. Analysts said widening of bets by participants after silver rallied to near a two-year high as investors speculated central banks will have to continue supporting the economy in the wake of Britain’s vote to leave the EU influenced white metal prices at futures trade.

ECONOMY NEWS :

  • The Chinese government’s call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity.Innovation centers have been popping up around the country and are set to more than double to nearly 5,000 in the next five years, according to internet research firm iiMedia. The only problem for local governments; entrepreneurs are not moving in.
  • Analysts have nudged up their outlook for the Australian and New Zealand dollars as relatively high bond rates at home and a plunge in the British pound made the Antipodean currencies more attractive to yield-hungry investors.A Reuters poll of 55 analysts saw the Aussie at $0.7300 in one month, a cent higher than in the June poll. Still, the general expectations was that it would ease over time reaching $0.7200 in three months and $0.7000 in a year.
  • Brazil will likely raise taxes lower next year to reduce a key budget deficit to between 150 and 160 billion reais ($48.06 billion), congressman Arthur de Lira told Reuters on Wednesday after a meeting with government officials to discuss the target.Lira said the government’s economic team will meet again early on Thursday to decide on the target for the primary budget deficit, or the public sector’s shortfall before interest debt payments.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1375 TARGET 1380 1386 SL 1370
  • SELL GOLD BELOW 1364.4 TARGET 1359.4 1353.4 SL 1369.4

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

7Jul
forex-trading3

IForex Market Trading Signals and News – 07 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Pound off fresh 31-year lows but below $1.30
  • Forex – Aussie and kiwi move lower as Brexit fears persist
  • Forex – Pound drops over 1% in Asia on Brexit views, yen soars

EUR/USD
EUR/USD is showing little movement on Wednesday, following losses in the Tuesday session. The pair is trading at 1.1060. On the release front, German Factory Orders disappointed with a flat reading of 0.0%, shy of the estimate of 1.0%. The US will release ISM Non-Manufacturing PMI, with the estimate standing at 53.3 points. The spotlight will be on the central banks, as ECB President Mario Draghi addresses an ECB event in Frankfurt, while the Federal Reserve will release the minutes of its June policy meeting. On Thursday, employment numbers will be in focus, with the release of ADP Nonfarm Employment Change and Unemployment Claims.

GBP/USD
The pound bounced off fresh 31-year lows against the U.S. dollar on Wednesday, but still remained below the $1.30 threshold amid mounting concerns over the effects of the Brexit vote on the British economy.GBP/USD hit 1.2797 during European morning trade, a fresh 31-year low; the pair subsequently consolidated at 1.2937, down 0.64%.The pound came under broad selling pressure after the Bank of England warned on Tuesday of “challenging” risks to financial stability fol- lowing the Brexit vote and eased regulatory requirements on the banking sector.BoE Governor Mark Carney said the move represented a “major change” that would help the economy to cope with the Brexit consequences.In its bi-annual financial stability report, the BoE said the risks it had feared ahead of the Brexit poll had started to materialise, as sterling plunged to 31-year lows and as financial stocks tumbled 20%.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3000 TGT 1.3020 1.3050 SL 1.2970
  • SELL GBP/USD AROUND 1.3196 TGT 1.3176 1.3146 SL 1.3226

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

7Jul
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.89 points or 0.21% lower to 2864.67, taking the year-to-date performance to –
    0.63%.
  • The top active stocks today were SingTel, which closed unchanged, DBS, which declined 0.19%, Noble, which closed unchanged, OCBC Bank, which gained 0.34% and UOB, with a 0.32% fall.
  • The FTSE ST Mid Cap Index gained 0.03%, while the FTSE ST Small Cap Index declined 0.15%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.98%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 2.86% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.08%. Keppel Infrastructure Trust shares remainedunchanged and SIIC Environment Holdings declined 2.31%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.35%), IS MSCI India 100 (-0.85%), STI ETF (-0.69%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.20%), Capitamall Trust (-0.91%), Mapletree Commercial Trust (-3.31%)
  • The most active index warrants by value today were : HSI21400MBeCW160728 (-27.40%), HSI22400UBeCW161028 (-20.00%), HSI20000MBePW160728 (+23.26%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-2.30%), OCBC Bk MBeCW161004 (-2.60%), DBS MB ePW161003 (-1.52%).

STOCK RECOMMENDATION :

  • BUY NOBLE ABOVE 0.205 TGT 0.220 0.230 SL 0.195

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

5Jul

Comex Trading Signals and Market News – 05 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices extended gains from last week in European trade on Monday, staying near the strongest level in more than two years, while silver spiked to levels not seen since July 2014.U.S. financial markets will be closed on Monday for the Independence Day holiday, resulting in thin trading conditions.
  • Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.Brent crude futures (LCOc1) were trading at $50.58 per barrel at 0938 GMT, up 23 cents from their last settlement. U.S. crude (CLc1) was up 17 cents at $49.16.U.S. markets are closed on Monday for the U.S. Independence Day holiday.
  • Natural Gas futures plunged during noon trade in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as traders booked profits after a surge on Friday when prices rallied to the highest since May 2015 as hot summer temperatures across most parts of the US bolstered the demand outlook for gas-fired air conditioning.

ECONOMY NEWS :

  • Policymakers will have more room to fine tune monetary policy and money supply growth will likely be slower in the second half of 2016, the state-owned China Securities Journal said in a commentary Tuesday. At the same time, the nation’s economy will still require fiscal support, the paper said.
  • The Australian dollar inched lower on Tuesday as investors awaited a monetary policy decision later in the session, while major currencies continued to tread water with U.S. markets shut on Monday for Independence Day. The Aussie inched down 0.2 percent to $0.7525 , though it remained within site of Monday’s more than one-week high of $0.7545.
  • Britain’s vote to leave the European Union has ramped up the urgency for some Asian central banks to ease monetary policy, as a prolonged period of uncertainty threatens a wider downshift in trade and investment. Economists warn delayed investment decisions and a hit to jobs and consumption from Brexit will hurt exports from Asia’s trade-reliant economies, which are already reeling from weak external demand, particularly from China.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1353 TARGET 1358 1364 SL BELOW 1348
  • SELL GOLD BELOW 1349.2 TARGET 1344.2 1338.2 SL ABOVE 1354.2

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

5Jul
forex-trading3

IForex Market Trading Signals and News – 05 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar edges higher vs. rivals in cautious trade
  • Forex – GBP/USD holds steady near record lows after U.K. PMI
  • Forex – Aussie, kiwi rise despite Australian political uncertainty, data

EUR/USD
EUR/USD is currently trading with a bullish. During the previous trading day on 1st July, wave [c] traded long as previously forecasted and even hit our target resistance level 1.1167. During this intraday, we expect a possible bearish reversal from this level to go short, while a clear breakout above this target will lead to an upward momentum towards 1.1276. This pairs should be traded alongside EUR/JPY, NZD/USD and GBP/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

GBP/USD
The pound held steady against its the U.S. dollar on Monday, still hovering close to 31- year lows after data showing that U.K. construction activity entered contraction territory last month added to fears over a slowdown in Britain after the Brexit vote.Trading volumes were expected to remain thin with U.S. markets closed for Independence Day.GBP/USD hit 1.3254 during European morning trade, the session low; the pair subsequently consolidated at 1.3262.Cable was likely to find support at 1.3195, the low of June 28 and resistance at 1.3350, Friday’s high.Research firm Markit and the Chartered Institute of Purchasing & Supply said their U.K. construction purchasing managers’ index fell to 46.0 in June from May’s reading of 51.2. Economists had expected the index to drop to 50.5 in June.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3310 TGT 1.3330 1.3360 SL 1.3280
  • SELL GBP/USD BELOW 1.3205 TGT 1.3185 1.3155 SL 1.3235

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

5Jul
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.44 points or 0.19% higher to 2846.37, taking the year-to-date performance to -1.26%.The top active stocks today were SingTel, which gained 0.24%, DBS, which declined 0.38%, OCBC Bank, which gained 0.69%, UOB, which gained 0.54% and CapitaLand, with a 0.33% advance.
  • The FTSE ST Mid Cap Index gained 0.53%, while the FTSE ST Small Cap Index rose 0.17%. The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 1.98%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 2.02% higher and 3.23% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.74%. Midas Holdingsshares declined 1.92% and Geo Energy Resources increased 0.89%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : CIMB FTSE Asean40 100 (unchanged),SPDR Gold Shares (+1.31%),STI ETF (+0.35%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.81%),Capitacom Trust (+1.70%),Capitamall Trust (+1.88%)
  • The most active index warrants by value today were : S&P 2020MBePW160916 (-8.46%),STI 2800MBeCW161031 (+2.70%),S&P 2120MBeCW160916 (+77.27%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-5.62%),OCBC Bk MBeCW161004 (+5.88%),UOB MB eCW161031 (+5.95%)

STOCK RECOMMENDATION :

  • BUY COSCO ABOVE 0.320 TGT 0.340 0.360 SL 0.300

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

4Jul

Comex Trading Signals and Market News – 04 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Lead futures jumped by more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for lead from battery-makers in the domestic spot market.Worries over the fallout of Brexit on the global economy eased after central banks pledged to support financial markets by signaling looser monetary policy improving metal demand outlook.
  • Gold prices jumped over 1% on Friday, still hovering close to the previous week’s 27-month highs as continued uncertainty following the Brexit vote and concerns over a slowdown in China lent support to the safe-haven precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery rallied 1.08% to $1,334.90.The August contract ended Thursday’s session 0.47% lower at $1,320.60 an ounce.
  • Natural Gas futures climbed during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity after a smaller than expected US stockpile build last week signaled a pickup in demand for the power plant fuel in the world’s biggest gas consuming nation.

ECONOMY NEWS :

  • China’s central bank said on Friday it injected a total of 210.72 billion yuan ($31.7 billion) via short- and medium-term liquidity facilities in June to help support credit growth and the economy.June liquidity injections, however, were down 27.5 percent from May, data showed.The People’s Bank of China (PBOC) said in a statement on its website it injected 208 billion yuan to financial institutions via its medium-term lending facility (MLF) in June.
  • Central banks are closely monitoring the impact on markets of Britain’s decision to leave the European Union
    and stand ready to intervene if financial stability is threatened, ECB Executive Council member Benoit Coeure
    told Le Monde on Friday.Coeure said it was urgent now to clarify the calendar for Britain’s exit from the EU
    because prolonged uncertainty would have an economic cost, first of all for Britain but also for the EU.
  • The euro zone’s economy is recovering but still faces a number of risks, including the fallout from Britain’s vote to leave the European Union, the European Central Bank’s chief economist said on Friday.”The ongoing recovery has shown signs of strengthening,” Peter Praet said in remarks prepared for a speech in London. “And the ECB is determined to continue playing its pivotal role in consolidating the upswing in the economic cycle.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1338 TARGET 1343 1349 SL 1333
  • SELL GOLD BELOW 1328 TARGET 1323 1317 SL 1333

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

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