31Mar
forex-market-hours

IForex Market Trading Signals and News – 31 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar drops on doubt U.S. rates will rise at all in 2016
  • Forex -Aussie, kiwi edge higher vs. greenback on Yellen remarks
  • Forex-Dollar broadly lower after Yellen strikes cautious tone

EUR/USD
EUR/USD trades dead flat at 1.1294, fighting hard to break through 1.1300 levels. The main currency pair is seen consolidating the upside in the Asian trades, having witnessed a 120-pips massive rally on Tuesday following the dovish comments from Fed Chair Yellen. The major jolted higher in the previous session and climbed to fresh weekly highs at 1.1303 as the US dollar was heavily offered after Yellen sounded concerned over the global economic developments and hence, turned cautious with regard to the monetary policy path. Markets now gear up for fresh macro data from Germany as well as the US, which are expected to have major impact on the EUR/USD pair. We have the German Prelim CPI figures and ADP employment report from the US on the cards this Wednesday.

GBP/USD
The Sterling rallied with London opening, up to 1.4450 against the greenback, from where the pair is currently retreating, towards the 1.4400 region. Once again, the UK calendar remained empty, with dollar ́s weakness being the main market driver. With stocks rallying across the world, there’s little room for dollar gains later today, albeit the release of the US ADP report may gave the greenback a short lived boost if it beats expectations. Crude oil stockpiles may also affect the Pound, as another surprise rise may send the currency lower. In the meantime, the 4 hours chart shows that the technical indicators are beginning to look exhausted towards the upside in overbought territory, suggesting the downward corrective move may extend, particularly on a break below 1.4360, the immediate support. Nevertheless, the dominant trend is still bullish, and the market will probably prefer to buy the dips. Only below 1.4330, the 61.8% retracement of the latest bearish run, the downside potential will increase, exposing then the 1.4250 static support.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4450 TARGET 1.4470 1.4500 SL BELOW 1.442
  • SELL GBP/USD BELOW 1.4368 TARGET 1.4348 1.4318 SL ABOVE 1.4398

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

31Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 31 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 53.7 points or 1.9% higher to 2872.78, taking the year-to-date performance to -0.35%.
  • The top active stocks today were DBS, which gained 2.04%, SingTel, which gained 1.58%, OCBC Bank, which gained 1.47%, UOB, which gained 2.97% and Global Logistic, with a 2.90% advance.
  • The FTSE ST Mid Cap Index gained 1.12%, while the FTSE ST Small Cap Index rose 0.91%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 3.10%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 3.29% higher and 3.36% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.13%. Midas Holdings shares remained unchanged and Geo Energy Resources gained 1.72%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.83%) ,IS MSCI India 100 (+0.91%), DBXT MSCI Indonesia ETF 10 (+2.72%)
  • The three most active Real Estate Investment Trusts (REITs) by value were: Ascendas REIT (-0.41%) , Capitamall Trust (unchanged), Capitacom Trust (+1.01%)
  • The most active index warrants by value today were : HSI21000MBeCW160428 (+36.11%), HSI19200MBePW160530 (-27.84%), HSI21400MBeCW160530 (+34.67%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+12.82%), KepCorp MBeCW161212 (+10.38%), DBS VT eCW160916 (+8.44%).

STOCK RECOMMENDATION :

  • BUY TECH OIL & GAS AT CMP 0.200 TARGET 0.210 0.220 SL 0.185

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

30Mar

Comex Trading Signals and Market News – 30 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices fell by 0.06 per cent on Tuesday in the midst of speculation the Federal Reserve could give serious consideration to a rate hike at its April meeting boosting the US dollar.Federal Reserve Bank of San Francisco President John Williams reiterated that rate hikes this year are expected if data trends continue to show sold US economic growth.
  • Crude oil prices dropped by 0.46 per cent on Tuesday with US industry data ahead on stockpiles. The American Petroleum Institute will release its estimates of crude gasoline and distillates stocks late Tuesday. That will be followed by more closely-watched data from the US Department of Energy.
  • Natural Gas futures jumped by nearly 2 per cent in the domestic market on Monday tracking a bullish trend in the overseas market as investors and speculators booked fresh positions in the energy commodity amid expectations for gas-fired heating and cooling demand across parts of the US in the coming weeks.

ECONOMY NEWS :

  •  The Bank of England said on Tuesday that risks around Britain’s referendum on the European Union could push up borrowing costs and weaken sterling, and tightened rules for mortgage lending to landlords. The central bank said the outlook for financial stability had worsened since its last quarterly report in November, and also moved ahead with plans to require some banks to hold extra capital as lending growth started to pick up.
  • Japan’s parliament approved on Tuesday a record 96.72 trillion yen ($851.5 billion) state budget for fiscal 2016, paving the way for a fully-fledged debate on additional stimulus spending to spur the flagging economy. Prime Minister Shinzo Abe seeks to front-load spending for the annual budget for the coming fiscal year from April and to adopt a fresh extra budget, while speculation is rife that he may again delay a sales tax increase planned for April 2017.
  • John Williams, president of the San Francisco Fed, stated that the U.S. economy was in good shape with global risks abating and reiterated that future rate hikes by the U.S. central bank would be gradual. In a speech given Tuesday in Singapore, Williams commented that “things are looking very good” with regard to U.S. employment and said that he expects the jobless rate to continue to edge down.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1224 TARGET 1229 1235 SL BELOW 1219
  • SELL GOLD BELOW 1215 TARGET 1210 1204 SL ABOVE 1220

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

30Mar

IForex Market Trading Signals and News – 30 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie holds steady, kiwi gains ground with Yellen in focus
  • Forex -Dollar pushes higher ahead of Yellen speech
  • Forex-Yen under pressure, U.S. data disappoints dollar bulls

EUR/USD
EUR/USD is showing limited movement on Tuesday, as the pair trades at 1.1180 in the European session. On the release front, Eurozone M3 Money Supply remained steady at 5.0%, while Private Loans improved to 1.6%. Over in the US, CB Consumer Confidence is forecast to climb to 93.9 points. Federal Reserve Janet Yellen will deliver remarks at the Economic Club in New York City. US economic growth in the fourth quarter was respectable, but there are signs that we could see softer numbers for the first quarter of 2016. The Atlanta Fed downgraded its forecast for Q1 from 1.4 percent to 0.6 percent. The original forecast, released just last week, was lowered in response to a downgraded forecast of personal income and outlays by the US Bureau of Economic Analysis.

GBP/USD
The recovery back above the rising March trendline might mark the end of the pullback from $1.45. We have certainly seen a steady march higher, with $1.41 providing support for the pair.Today’s dip below the trendline may mark another possible buying opportunity, and a breakout above $1.4270 should see gains towards $1.4330 and then $1.4450. Currency pair GBP/USD began to increase, the pound rose above the level of 1.4250. The RSI indicator is rising after a rebound from the support level. The main aim to strengthen the sterling remains at the upper boundary of the descending channel. Thus, the forecast GBP/USD on 29.03.2016 includes securing the pair above the 1.4300 mark and continued growth.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4298 TARGET 1.4318 1.4348 SL BELOW 1.4268
  • SELL GBP/USD BELOW 1.4215 TARGET 1.4195 1.4165 SL ABOVE 1.4245

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

30Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 11.21 points or 0.4% lower to 2819.08, taking the year-to-date performance to -2.21%.
  • The top active stocks today were OCBC Bank, which declined 0.11%, DBS, which gained 0.07%, SingTel, which declined 0.79%, UOB, which declined 0.32% and Keppel Corp, with a 1.87% fall.
  • The FTSE ST Mid Cap Index declined 0.24%, while the FTSE ST Small Cap Index declined 0.36%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.73%. The two biggest stocks of the Index – Raffles Medical Group and Biosensors International Group- ended 1.12% higher and 0.61% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.28%. Keppel Corp shares declined 1.87% and Sembcorp Industries declined 2.93%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares USD Asia Bond ETF (+0.10%)SPDR Gold Shares (+0.22%), IS MSCI India 100 (+0.15%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.42%), Bhg Retail REIT (unchanged), Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI20000VTeCW160428 (-5.77%), HSI19200MBePW160530 (-9.35%), HSI20000MBePW160629 (-5.66%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+0.86%),KepCorp MBeCW161212 (-7.02%), DBS VT eCW160916 (+1.99%)

STOCK RECOMMENDATION :

  • BUY DEL MONTE AT CMP 0.330 TARGET 0.340 350 SL 0.315

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

29Mar
SGX

China March factory activity seen contracting at slower pace

SHANGHAI :

  • Activity in China’s manufacturing sector likely shrank for an eight straight month in March, but at a slower pace than in February as a reviving property market gave a much-needed boost to sales of steel and other construction materials, economists polled by Reuters said.
  • The official manufacturing Purchasing Managers’ Index (PMI) is expected to rise to 49.3 in March from 49.0 a month earlier, according to a median forecast of 32 economists in a Reuters poll. February’s reading was the weakest since November 2011.
  • Although the forecast rise implies a slower rate of shrinkage, it is still below the 50.0 mark which separates expansion from contraction.
  • China’s factory sector has been in a prolonged slowdown, weighed down by weak global demand for the country’s exports and overcapacity in key sectors such steel and basic materials.

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

29Mar

Comex Trading Signals and Market News – 29 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices rose in holiday-thinned European trade on Monday, amid indications U.S. shale oil producers are cutting back on drilling activity. Crude oil for May delivery on the New York Mercantile Exchange tacked on 64 cents, or 1.62%, to trade at $40.10 a barrel.
  • Gold futures extended losses from last week in holiday-thinned European trade on Monday, falling to a five-week low amid speculation the Federal Reserve could give serious consideration to a rate hike at its April meeting, boosting the U.S. dollar.
  • Crude oil posted early gains in Asia with a key meeting on a proposal to freeze output by major producers looming next month. On the New York Mercantile Exchange, crude oil for delivery rose 0.81% to $39.77 a barrel. In the week ahead, oil traders will be focusing on U.S. stockpile data on Tuesday and Wednesday for fresh supply and -demand signals.

ECONOMY NEWS :

  • Japan’s parliament is set to approve on Tuesday a record 96.72 trillion yen ($851.5 billion) state budget for fiscal 2016, paving the way for a fully-fledged debate on additional stimulus spending to spur the flagging economy.
  • California Governor Jerry Brown announced a deal with legislative and labor leaders on Monday to raise the minimum wage to $15 an hour by 2023, saying the nation’s most-populous state would lead the way toward higher pay for the working poor.
  • Former Brazilian President Luiz Inacio Lula da Silva urged a return to pro-growth economic policies like tax breaks and more consumer credit on Monday, doubling down on a strategy that has strained public accounts in recent years.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1219 TARGET 1224 1230 SL BELOW 1214
  • SELL GOLD BELOW 1212 TARGET 1207 1201 SL ABOVE 1217

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

29Mar

IForex Market Trading Signals and News – 29 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • FOREX-Dollar edges up versus yen; awaits data, Fed comments
  • FOREX-Dollar on firm footing; awaits data, Fed comments
  • FOREX-Dollar poised for weekly gain after Fed officials signal rate hikes

EUR/USD
Offered at 1.1173 (23.6% of 1.0517-1.1376)in Europe, the EUR/USD pair is now trading around 1.1160 and threatening to drop into losses ahead of US data release. US Personal spending and income growth is seen slowing in February. Upward revision of the US Q4 GDP released on Friday was largely due to personal consumption; hence USD bulls may feel demoralized if spending figure for February slows more than expected. Post personal spending release, investors would shift their focus to goods trade balance, new home sales and Dallas Fed manufacturing index. Action in oil prices and the resulting impact on the equities could also influence the demand for the funding currency EUR.

GBP/USD
GBP/USD posted sharp losses last week, dropping some 340 points. The pair closed the week at 1.4122. This week’s highlights are Current Account and Manufacturin PMI. The markets were treated to a flurry of hawkish comments from Fed officials last week, helping the dollar post huge gains against the pound. This leaves an April hike a real possibility and contrasts with the very dovish Fed policy statement. US Final GDP beat expectations with a gain of 1.4% in the four quarter. British Retail Sales posted a decline of 0.4%, but this was within expectations.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4182 TARGET 1.4202 1.4232 SL BELOW 1.4152
  • SELL GBP/USD BELOW 1.4157 TARGET 1.4137 1.4107 SL ABOVE 1.4187

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

28Mar

Comex Trading Signals and Market News – 28 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper prices fell by 0.09 per cent on Wednesday after US home resales fell sharply in February in a potentially troubling sign for America’s economy signaling a weak housing market in US world’s largest economy which reduced the demand outlook for the metal.At the MCX copper futures for April 2016 contract were trading at Rs.338.85 per 1 kg down by 0.09 per cent after opening at Rs. 338.50 against the previous closing price of Rs. 339.15.
  • Crude oil prices drifted lower in light trade on Friday in Asia with many markets shut globally to mark Good Friday. On the New York Mercantile Exchange, WTI crude for May delivery was last quoted at $39.59 a barrel. Data on U.S. rig counts from Baker Hughes normally released on Friday is unlikely with the U.S. on a public holiday.
  • U.S. natural gas futures turned higher in North American trade on Thursday, reversing losses after data showed U.S. natural gas supplies in storage rose less than expected last week.Natural gas for delivery in April on the New York Mercantile Exchange tacked on 0.6 cents, or 0.33%, to trade at $1.800 per million British thermal units by 4:35GMT, or 10:35AM ET.

ECONOMY NEWS :

  • Japan’s consumer inflation was flat in the year to February as low energy costs and weak consumption put a lid on price growth, government data showed on Friday, keeping the central bank under pressure to top up stimulus although it eased policy less than two months ago.A separate BOJ index calculated by the central bank to strip out the effects of energy and fresh food prices showed consumer inflation at 1.1 percent in the year to February, unchanged from January.
  • Municipal authorities in Shanghai tightened mortgage down payment requirements for second home purchases on Friday, in a move to cool an overheating property market and reduce fears of a bubble.Senior Chinese leaders raised concerns about the country’s overheated housing market during an annual parliament meeting this month, and Shanghai is the biggest city to take action in the wake of the National People’s Congress, which ended a week ago.
  • China’s yuan will come under renewed downward pressure if the U.S. dollar rises significantly in coming months, a policy adviser to the People’s Bank of China said on Friday.Huang Yiping, a professor at Peking University and a  member of the central bank’s monetary policy committee, also said the central bank was managing the yuan against a basket of currencies including the dollar, not again the dollar alone, reaffirming the official stance.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1226 TARGET 1231 1240 SL 1220
  • SELL GOLD BELOW 1215 TARGET 1210 1200 SL 1222

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

28Mar
forex-market-hours

IForex Market Trading Signals and News – 28 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen weaker after CPI comes in flat for February
  • Forex -Dollar poised for weekly gain after Fed officials signal rate hikes
  • Forex-Dollar on track for 1 pct weekly gain, sterling down 2.4 pct

EUR/USD
EUR/USD fell mildly on Thursday to close lower for a fifth consecutive session, amid soft durable goods orders in the U.S. and further indications that the Federal Reserve could increase the pace of its first tightening cycle in nearly a decade.The currency pair traded in a tight range between 1.1146 and 1.1187, before closing at 1.1175, down 0.04% on the session. Since surging to five-month highs last week, the euro has fallen more than 1.25% against the dollar. At session-lows, the euro dropped to its lowest level since the Fed rattled currency markets worldwide last week by unexpectedly reducing its interest rate forecast for the next three years. More broadly, the euro is down by roughly 1% over the last six weeks. EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.

GBP/USD
GBPUSD is currently trading with a bearish bias. During the previous intraday, pound traded perfectly short as previous forecasted and ended up rebounding from the zone 1.4079-1.4059. In the meantime, we sit on the sidelines and wait for a clear break below 1.4059 for us to continue short with our target at 1.385. A clear rebound from this zone will mean looking for long positions with our target at 1.4270. This pair should be traded alongside EUR/USD. These pairs have a strong positive correlation of up to +0.89 and will thus likely move in a similar direction during this intraday. Only buy or sell Pound if the other positive correlated pair is giving the same signal. Conservative traders should wait for a clear breakout below 1.4059 to go short with their target at 1.385. A clear rebound from the zone 1.4079-1.4059 would mean looking for long positions with our ultimate target 1.4270. If the price rebounds from this zone, then its wise to wait for a break above 1.4176 to confirm the anticipated upward rally.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4180 TARGET 1.4200 1.4230 SL 1.4140
  • SELL GBP/USD BELOW 1.4100 TARGET 1.4080 1.4040 SL 1.4130

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

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