28Jun

Comex Trading Signals and Market News – 28 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices rose on Monday, re-approaching the two-year peaks hit on Friday after a shock U.K. vote to exit the European Union sent investors scrambling into bullion and other safe haven assets.U.S. gold futures for August delivery were up 0.5% at $1,329.0 an ounce by 0957 GMT.
  • Oil prices steadied on Monday as market participants better absorbed the shock of last week’s vote in Great Britain to leave the European Union and as analysts said Brexit would have a limited impact on global fuel demand. Brent crude futures were up 17 cents at $48.58 a barrel by 0844 GMT.
  • Zinc futures fell during late morning trade in the domestic market on Monday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Further fears that UK’s decision to leave the EU may deal a further blow to an already fragile global economic recovery signaled uncertain metal demand and hit zinc.

ECONOMY NEWS :

  • Japan’s chief cabinet secretary, Yoshihide Suga, said on Tuesday the government would continue to carefully watch currency markets, where “extremely nervous moves” are seen.Suga made the comment in a regular news conference, when asked about market developments after Britain’s vote on Friday to leave the European Union.
  • The dollar and yen steadied and sterling crawled away from a 31-year low on Tuesday as risk aversion triggered by the shock of Brexit eased slightly, although many investors were still wary of calling a bottom for the battered pound. The euro was little changed at $1.1042 , having put a bit of distance from Friday’s three-month low of $1.0912. The pair was confined between $1.1054-1.1010, its narrowest intraday range in nearly three weeks.
  • The European Central Bank’s president Mario Draghi expressed “sadness” on Monday at Britain’s vote to leave the European Union.In his first comments on the result of last Thursday’s referendum, Draghi said: “Sadness is the best word for what we feel when we witness changes of this magnitude.”

TRADING STRATEGY :

  • BUY GOLD ABOVE 1336 TARGET 1341 1347 SL BELOW 1331
  • SELL GOLD BELOW 1323 TARGET 1318 1312 SL ABOVE 1328

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

28Jun
Forex Signals

IForex Market Trading Signals and News – 28 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling falls further in wake of Brexit, euro also weaker
  • Forex – Kiwi, Aussie decline vs. greenback, Brexit vote still weighs
  • Forex – Pound holds weakness in Asia as Japan, China vow support

EUR/USD
EUR/USD is currently trading with a bearish bias. During the previous trading day on 24th June 2016, Euro reacted negatively to Brexit, headed short and and may head further to the lower side. During this intraday, we are very reluctant to go long, instead, we will only be interested in signals giving sell opportunities. This pair should be traded alongside NZD/ USD, AUD/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 came under renewed selling pressure on Monday, falling back towards a 31- year trough after the U.K. voted to leave the European Union on Friday, triggering a massive selloff in global markets.GBP/USD was last down 1.83% at 1.3427, after falling as low as 1.3356 overnight, not far from the lows of 1.3228 set on Friday, the weakest since 1985.U.K. Finance Minister George Osborne said Monday the vote to leave the EU was likely to lead to further volatility in financial markets but claimed that the economy is as strong as it could be to face the challenges ahead.Sterling has tumbled amid fears that the decision could hit investment in the U.K. economy, threaten London’s role as a global financial capital and trigger months of political uncertainty after British Prime Minster David Cameron resigned on Friday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3480 TGT 1.3500 1.3530 SL 1.3450
  • SELL GBP/USD BELOW 1.3220 TGT 1.3200 1.3170 SL 1.3250

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

28Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.54 points or 0.2% lower to 2729.85, taking the year-to-date performance to -5.30%.
  • The top active stocks today were DBS, which declined 1.61%, SingTel, which gained 1.83%, UOB, which declined 1.35%, OCBC Bank, which declined 0.48% and Global Logistic, with a 1.69% fall.
  • The FTSE ST Mid Cap Index gained 0.04%, while the FTSE ST Small Cap Index declined 0.16%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.71%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 1.83% higher and 1.13% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.49%. Midas Holdings shares declined 3.77% and Geo Energy Resources increased 2.75%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.89%),iShares USD Asia HY Bond ETF (-1.13%),DBXT MSCI Europe ETF 10 (-1.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+3.00%),Ascendas REIT (+3.04%),Suntec REIT (+0.91%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (+7.32%),HSI21400MBeCW160728 (-8.70%),HSI2040UBeCW160929 (+2.56%)
  •  The most active stock warrants by value today were : DBS MB eCW161031 (-13.25%),UOB MB eCW161031 (-8.22%),OCBC Bk MBeCW161004 (-3.70%).

STOCK RECOMMENDATION :

  • BUY ANCHOR RESOURCES ABOVE 0.121 TGT 0.127 0.132 SL 0.115

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

25Jun
SG_Seminar

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24Jun

Comex Trading Signals and Market News – 24 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices inched higher in cautious European trade on Thursday, as investors remained on edge ahead of the U.K. vote on whether to leave the European Union.The vote on a potential Brexit was set to take place between 6:00GMT, or 7:00AM London time, and 21:00GMT, or 10:00PM in London, with results expected early Friday morning.
  • Gold futures struggled for direction near two-week lows in European trade on Thursday, as U.K. voters go to the polls for a referendum on European Union membership.The vote on a potential Brexit was set to take place between 6:00GMT, or 7:00AM London time, and 21:00GMT, or 10:00PM in London, with results expected early Friday morning.
  • Zinc futures were trading lower during noon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Further traders are nervously eying the outcome of the EU referendum today with British voters deciding whether to keep their country in the trade block or exit the European Union.

ECONOMY NEWS :

  • A top Federal Reserve policymaker said on Thursday he is not advocating for interest rate hikes at this point and instead wants to “show more patience” waiting for the U.S. economy to show clearer signs of improvement. Dallas Fed President Robert Kaplan, speaking as results trickled in from Britain’s referendum on membership in the European Union, said he was concerned about the vote because the result could stress international trade, which could hurt global economic growth.
  • Bank of Japan policymakers remained deeply divided on whether to expand or scale back its massive stimulus program as they struggled to address weak inflation with a dwindling range options, a summary of opinions from a June rate review showed on Friday.While the rift has existed ever since BOJ Governor Haruhiko Kuroda deployed his huge asset-buying program in 2013, it is becoming more evident as dissenters to negative interest rates openly criticize the governor’s radical policies.
  • U.S. fund investors pulled out of riskier markets over the last week, data from Lipper showed on Thursday, as they braced for a British vote on its European Union membership even as stocks rallied.Investors pulled $6.1 billion from U.S.-based stock funds during the weekly period ended June 22, the data showed. That was the most pulled from the funds since the week ended May 4.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1265
  • SELL GOLD BELOW 1256 TARGET 1251 1245 SL 1261

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

24Jun

IForex Market Trading Signals and News – 24 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Pound eases from 6-month highs as Brexit vote gets underway
  • Forex – Aussie, kiwi hit multi-month highs ahead of Brexit vote
  • Forex – Yen holds weaker in Asia ahead of Brexit vote

EUR/USD
EUR/USD is currently trading with a bullish bias. Yesterday, instead of going short as previously forecasted, the pair traded traded long and even broke above the resistance level 1.1291. Following this breakout, we still expect further movements to the upper side but should not go above 1.1411. A clear breakout above this target will push the price to the upper side. This pair should be traded alongside GBP/USD, AUD/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday.

GBP/USD
The pound eased after touching six month highs overnight as voting in a landmark referendum on whether the U.K. should remain in the European Union got underway. GBP/USD was last at 1.4760, up 0.36% for the day after touching highs of 1.4845 overnight, the strongest level since December 31.Sterling reviewed a boost late Wednesday after an opinion poll indicated that support for the Remain campaign edged into the lead.The YouGov poll for The Times newspaper showed that 51% of voters supported the campaign to remain in the EU, with 49% supporting Brexit, after a previous YouGov poll showing a lead for the campaign to leave.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4950 TGT 1.4970 1.5000 SL 1.4920
  • SELL GBP/USD BELOW1.4800 TGT 1.4780 1.4750 SL 1.4830

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

23Jun

Comex Trading Signals and Market News – 23 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil rose further above $50 a barrel on Wednesday supported by an industry report that showed a large drop in U.S. crude inventories and a boost in investor risk appetite ahead of Britain’s referendum on EU membership.U.S. crude inventories fell by 5.2 million barrels, the American Petroleum Institute (API) said on Tuesday, far more than analysts expected.
  • Gold futures extended losses from the prior session in European trade on Wednesday, falling to the lowest level in almost two weeks as investors looked ahead to Thursday’s highly-anticipated referendum on whether Britain will choose to remain in the European Union. Gold for August delivery on the Comex division of the New York Mercantile Exchange fell to an intraday low of $1,263.80 a troy ounce, the weakest since June 9.
  • U.S. natural gas futures rose to a new nine-month high on Tuesday, as forecasts for continued above-normal temperatures across most parts of the U.S. throughout most of summer raised expectations for power generation demand to meet air conditioning needs. Updated forecasts released Monday said temperatures in the Midwest and eastern seaboard will be warmer than previously expected going into the July 4 holiday weekend.

ECONOMY NEWS :

  • The International Monetary Fund said on Wednesday the U.S. economy was “overall in good shape,” with growth set to regain momentum despite an overvalued dollar, but it warned that too many Americans were dropping out of the workforce or living in poverty. The IMF expects U.S. economic growth of 2.2 percent in 2016, a downgrade from 2.4 percent it forecast in April. But the Fund maintained its outlook for growth to recover to 2.5 percent in 2017, with inflation rising slowly toward the Federal Reserve’s goal of two percent, it said in a statement at the conclusion of its annual review of U.S. economic policies.
  • The European Central Bank reinstated Greek banks’ access to its cheap funding operations on Wednesday after more than a year on an emergency lifeline and said it would examine later whether to add Greek debt to its asset purchases. The restoration is a big step toward normalizing an economy that is still in recession, weighed down by capital controls and adjustments related to Greece’s third bailout since 2010, agreed last year and worth up to 86 billion euros ($97 billion).
  • Federal Reserve Chair Janet Yellen said she has not scheduled special meetings for Friday or Saturday in order to respond to the “Brexit” vote in Britain over its membership in the European Union.”Brexit is a risk that we are monitoring. We will be watching closely to see what the vote is and what possible repercussions it might have,” Yellen told lawmakers on Wednesday ahead of Britain’s vote scheduled for Thursday, adding in response to a question over whether she has special meetings scheduled: “No, I have not.”

TRADING STRATEGY :

  • BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1265
  • SELL GOLD BELOW 1260 TARGET 1255 1249 SL 1265

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

23Jun
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 11.42 points or 0.41% lower to 2789.45, taking the year-to-date perform-
    ance to -3.24%.The top active stocks today were Frasers L&I Trust, which closed unchanged, DBS, which
    gained 0.50%, SingTel, which declined 0.26%, OCBC Bank, which declined 0.12% and CapitaMall Trust, with
    a 1.46% fall.
  • The FTSE ST Mid Cap Index declined 0.29%, while the FTSE ST Small Cap Index declined 0.19%.The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.67%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – remained unchanged and
    ended 1.64% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.53%. Silverlake Axis shares declined 2.02% and CSE Global increased 1.16%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (unchanged),SPDR Gold Shares (-0.44%),DBXT FT China 25 ETF 10 (+0.65%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Frasers L&I TR (unchanged),Capitamall Trust (-1.46%),Suntec REIT (+0.60%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (+8.00%),HSI20000MBePW160728 (-13.27%),HSI21400MBeCW160728 (+10.00%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+1.87%),UOB MB eCW161031 (unchanged),OCBC Bk MB eCW161003 (+3.70%).

STOCK RECOMMENDATION :

  • BUY SECURA ABOVE 0.195 TGT 0.203 0.210 SL 0.187

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

23Jun
forex-trading3

IForex Market Trading Signals and News – 23 June 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Sterling steady on eve of Brexit referendum
  • Forex – Aussie and kiwi move higher vs. weaker greenback
  • Forex – Aussie nearly flat in Asia as Brexit vote in focus

EUR/USD
EUR/USD has posted slight gains on Wednesday, following two days of losses. The pair is trading at 1.1270. On the release front, the Eurozone releases HPI and Consumer Confidence. The US will release Existing Home Sales, with the markets expecting the indicator to improve to 5.53 million. As well, Federal Reserve chair Janet Yellen will testify before the House Financial Services Committee regarding the Fed’s Monetary Policy Report. On Thursday, the US will release Unemployment Claims.With just one day left until the Brexit referendum vote in the UK, the campaign be- tween the “In” and “Out” camps is going down to the wire. Polls continue to predict a very close vote, but market sentiment is leading towards the UK staying within the EU.

GBP/USD
The pound was steady against the dollar on Wednesday, with one day to go before the U.K.’s referendum on European Union membership, as polls showed that the race between the Leave and Remain campaigns remains tight. GBP/USD was at 1.4644, holding below Monday’s six-month highs of 1.4782.An opinion poll on Tuesday showed that the campaign for the U.K. to stay in the EU lost some of its lead ahead of Thursday’s vote.The Survation poll showed that 45% of voters supported the campaign to remain in the EU, with 44% supporting Brexit, as a vote to leave is known. 11% were undecided.This compared to the 45% voting for remain and 42% voting to leave in an earlier survey. Two opinion polls released on Monday indicated that support for the Remain camp had regained its lead after falling behind last week.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4530 TGT 1.4550 1.4580 SL 1.4500
  • SELL GBP/USD BELOW1.4640 TGT 1.4620 1.4590 SL 1.4670

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

22Jun

Comex Trading Signals and Market News – 22 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices pushed lower in European trade on Tuesday, falling for the first time in three days as market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products.Crude oil for August delivery on the New York Mercantile Exchange shed 23 cents, or 0.46%, to trade at $49.73 a barrel by 07:53GMT, or 3:53AM ET, after soaring $1.40, or 2.88%, a day earlier.
  • Gold futures extended losses from the prior session in European trade on Tuesday, as investors awaited testimony by Federal Reserve Chair Janet Yellen while looking ahead to Thursday’s highly-anticipated referendum on whether Britain will choose to remain in the European Union.Gold for August delivery on the Comex division of the New York Mercantile Exchange dipped $5.15, or 0.4%, to trade at $1,286.85 by 06:44GMT, or 2:44AM ET. A day earlier, gold shed $2.70, or 0.21%.
  • Lead futures fell during evening trade in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid sluggish physical demand for Lead by battery-makers in the domestic spot market.Traders also stuck to a cautious approach ahead of the crucial EU referendum on Thursday in which Britain will vote whether to break away from the European Union a move which could hurt the global economy and dampen the appetite for risky assets including commodities and push up the dollar with which metals have an inverse relationship.

ECONOMY NEWS :

  • Hedge funds, banks and insurance companies have recently jumped into “marketplace lending,” drawing the attention of U.S. regulators, who said on Tuesday they are concerned that borrowing by consumers and small businesses through online platforms may pose risks to U.S. financial stability.In its annual review of the U.S. financial system released on Tuesday, the Financial Stability Oversight Council (FSOC) consisting of all the country’s financial regulatory chiefs, also said it is watching events overseas, including this week’s “Brexit” vote and the turmoil in Venezuela. It also noted that China “is in the midst of long-term transitions in its economy,” which could have global implications.
  • Janet Yellen rebuffed any speculation that the Federal Reserve could provide emergency lending to Puerto Rico on Tuesday, telling Congress that any bailout to the debt-ridden commonwealth appears to be outside the U.S. central bank’s authority. “This is inherently a matter for Congress and is not something that’s appropriate for the Federal Reserve,” Yellen said in testimony before the Senate Banking Committee.
  • Financial markets need to consider the risks of relying heavily on the dollar-based London Interbank Offer Rate because this reference rate could stop being published, Federal Reserve Governor Jerome Powell said on Tuesday as a Fed-convened committee continued to zero in on an alternative to the so-called Libor.”Market participants are not used to thinking about this possibility, but benchmarks sometimes come to a halt,” Powell said in prepared remarks in New York for a roundtable discussion on a report on alternative reference rates.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1272 TARGET 1277 1283 SL 1267
  • SELL GOLD BELOW 1269 TARGET 1264 1258 SL 1274

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

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