10Jun
forex-market-hours

IForex Market Trading Signals and News – 10 June 2016

MARKET UPDATES :

  • Forex – Sterling remains lower after U.K. trade data
  • Forex – Dollar near 5-week lows, NZ dollar hits 1-year highs
  • Forex – Aussie weaker after mixed China prices data, yen stronger

EUR/USD
EUR/USD extended recent gains to briefly clear 1.14 for the first time in three weeks, as the European Central Bank launched a comprehensive corporate bond buying program on Wednesday. The currency pair traded in a tight range between 1.1355 and 1.1410, before settling at 1.1396, up 0.0039 or 0.33%. With the slight gains, the euro posted its third straight win against the dollar and fifth over the last seven sessions. Since dipping below 1.11 in late-May, the euro has rallied by more than 2.3% against its American counterpart over the last week. EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.

GBP/USD
The pound remained slightly lower against the dollar on Thursday as concerns over the upcoming European Union referendum overshadowed encouraging U.K. trade data. GBP/USD was last down 0.26% at 1.4466 from around 1.4459 earlier.The Office for National Statistics reported that the U.K. trade deficit fell more than expected in April, after a record increase in goods exports. The volume of exported goods jumped 11.2% or £2.2 billion from a month earlier, taking the total value of goods exports to £26.1 billion.Imports rose by £2 billion to £36.6 billion, the ONS said. The increase in exports meant that the trade deficit narrowed to £3.29 billion in April from a downwardly revised £3.53 billion in March, the lowest level since September 2015. The data indicated that recent weakness in trade data may be coming to an end.But sentiment on sterling remained fragile ahead of the June 23 EU Brexit referendum.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4515 TGT 1.4535 1.4565 SL 1.4485
  • SELL GBP/USD BELOW 1.4435 TGT 1.4405 1.4375 SL 1.4465

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

10Jun
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 10 June 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 18.58 points or 0.65% lower to 2843.8, taking the year-to-date performance to -1.35%.
  • The top active stocks today were DBS, which declined 0.19%, Keppel Corp, which declined 0.35%, Global Logistic, which gained 1.93%, UOB, which declined 1.26% and SingTel, with a 0.25% fall.
  • The FTSE ST Mid Cap Index declined 0.21%, while the FTSE ST Small Cap Index declined 0.14%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.42%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.01% higher and 0.78% higher respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 1.58%. Wilmar International shares declined 0.29%and Thai Beverage declined 2.70%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.56%), STI ETF (-0.69%), IS MSCI India 100 (-1.15%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (-0.49%), Capitacom Trust (-0.35%)
  • The most active index warrants by value today were : STI 2800MBePW160831 (+3.23%), NKY 18500MBeCW160909 (-15.91%), STI 2750MBeCW160630 (-7.02%)
  • The most active stock warrants by value today were : KepCorp MB eCW161101 (-1.06%), UOB MB eCW161031 (-8.59%), DBS MB eCW161031 (+1.82%).

STOCK RECOMMENDATION :

  • BUY ASL MARINE ABOVE 0.310 TGT 0.325 0.335 SL 0.295

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

9Jun
forex-trading3

IForex Market Trading Signals and News – 09 June 2016

MARKET UPDATES :

  • Forex – Pound touches day’s highs after UK data, gains checked
  • Forex – Dollar index at 5-week lows on diminished rate hike bets
  • Forex – Aussie edges lower, kiwi gains ground vs. greenback

EUR/USD
EUR/USD inched up in cautious trade, as yields on German bunds sunk to an all-time record low while foreign exchange traders continued to react to nebulous comments from Janet Yellen on the possibility of a summer rate hike from the Federal Reserve. The currency pair traded between 1.1339 and 1.1380, before settling at 1.1357, up 0.02% on the session. EUR/USD has traded in a tight range in each of the last three sessions since surging nearly 2% last Friday after disappointing U.S. employment data increased the possibility that the Fed could take a June interest rate hike off the table. With the recent rally, the euro has nearly erased all of its losses from May’s swoon when it fell from 9-month highs versus its American counterpart.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.

GBP/USD
The pound touched the day’s highs against the dollar on Wednesday after data showing that U.K. industrial output rose at the fastest rate in nearly four years in April.GBP/USD hit highs of 1.4579 immediately following the release of the data, before pulling back to 1.4531. The Office for National Statistics said industrial production rose 2.0% in April after a 0.3% increase in March, the largest monthly increase since July 2012.Manufacturing output rose 2.3% after a 0.1% increase in March, in what was also the fastest monthly increase since July 2012.Output in the pharmaceuticals sector rose 8.6% the ONS said, the biggest month gain since February 2014. The pound’s gains were held in check amid ongoing uncertainty over whether Britain will remain in the European Union or not at a referendum on June 23.

STOCK RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4580 TGT 1.4600 1.4630 SL 1.4550
  • SELL GBP/USD BELOW 1.4500 TGT 1.4480 1.4450 SL 1.4530

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

9Jun
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 14.29 points or 0.5% higher to 2862.38, taking the year-to-date performance to -0.71%.
  • The top active stocks today were DBS, which gained 0.89%, Keppel Corp, which gained 4.95%, UOB, which gained 0.80%, SingTel, which gained 0.25% and Sembcorp Industries, with a 4.14% advance.
  • The FTSE ST Mid Cap Index gained 0.41%, while the FTSE ST Small Cap Index rose 0.93%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 4.64%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 4.95% higher and 4.14% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 0.74%. Jardine Matheson Holdings shares declined 1.60% and Jardine Strategic Holdings declined 1.31%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.84%), STI ETF (+0.35%), DBXT MSCI Indonesia ETF 10 (-0.54%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.49%), Ascendas REIT (-0.43%), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSI20600MBePW160629 (-7.02%), HSI21000MBeCW160629 (-1.00%), HSI21800MBeCW160629 (-6.82%)
  • The most active stock warrants by value today were : KepCorp MB eCW161101 (+25.33%), DBS MB eCW161031 (+5.77%), UOB MB eCW161031 (+4.92%).

STOCK RECOMMENDATION :

  • BUY SWIBER ABOVE 0.198 TGT 0.206 0.214 SL 0.190

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

8Jun

Comex Trading Signals and Market News – 08 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading lower during noon trade in the domestic market on Tuesday as investors and speculators stuck to a cautious approach after Fed Chair Janet Yellen stuck to her view over a gradual hike in US interest rates despite signs last week that the US job market was losing momentum.
  • Copper futures fell during late morning trade in the domestic market on Tuesday as traders awaited China’s foreign trade data to be released tomorrow which may offer fresh cues over the health of the world’s biggest metals consuming nation.A gauge of US labour market conditions deteriorated sharply in May to -4.8 from a revised -3.4 in April confirming the slowdown in the job market in the world’s biggest economy that may curb demand.
  • Crude oil futures consolidated an overnight rally in early trade on Tuesday as reports of more attacks by militants on Nigeria’s oil operations which have pushed the country’s output to the lowest level in 27 years and shut the majority of the country’s 23 gas-powered generators raised supply concerns.

ECONOMY NEWS :

  • India’s central bank is opposed to banks taking a majority stake in planned stressed-asset funds, and would rather have external investors provide their expertise in managing soured loans, Governor Raghuram Rajan said on Tuesday.The Indian government is looking for ways to reduce banks’ distressed debt pile of $120 billion, or 11.5 percent of all loans, as record bad loans restrict the lenders’ abilities to provide fresh credit to fuel the economy.
  • British banks and regulators should disclose more of their communications to prevent a repeat of the financial crisis, a senior UK lawmaker said on Tuesday.Andrew Tyrie, chairman of parliament’s treasury committee, has written to Andrew Bailey, a deputy governor of the Bank of England, saying he wants a detailed explanation of how the regulator balances secrecy and public disclosures.
  • China and the United States agreed to push forward reforms at the International Monetary Fund (IMF) to increase quotas for emerging economies, China’s vice premier Wang Yang said on Tuesday. The United States also will fully consider the impact that normalising monetary policy will have on international markets, he added, at the end of high-level talks between China and the United States in Beijing.One U.S. bank and one Chinese bank will be appointed to act as clearing banks for yuan business in the U.S., he added.

TRADING STRATEGY :

  • BUY GOLD AROUND 1240 TARGET 1245 1250 SL 1236
  • SELL GOLD AROUND 1250-1251 TARGET 1246 1240 SL 1253

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

8Jun
forex-trading3

IForex Market Trading Signals and News – 08 June 2016

MARKET UPDATES :

  • Forex – Sterling jumps 1% as Brexit polls show ‘remain’ camp ahead
  • Forex – Dollar slides lower vs. rivals on Yellen remarks
  • Forex – Aussie and kiwi move higher after RBA holds

EUR/USD
EUR/USD is subdued on Tuesday, continuing the lack of activity which marked the Monday session. The pair is trading at 1.1370. On the release front, German Industrial Production posted a gain of 0.8%, matching the forecast. There are no major US events on the schedule, so it could be another quiet day for EUR/USD.The euro is trading quietly after a closely-watched speech by Fed Chair Janet Yellen on Monday. Speaking at the World Affairs Council in Philadelphia, Yellen said she remained optimistic about the US economy and hinted that the Fed would raise interest banks, but crucially, she gave no indication as to when that might occur.

GBP/USD
The pound rallied around 1% against the dollar on Tuesday as a number of opinion polls showed the Remain campaign with a lead over the Leave campaign ahead of the June 23 European Union referendum.GBP/USD hit highs of 1.4460 overnight and was last at 1.4588, up 1% from Monday’s close.Sterling also strengthened against the euro, with EUR/GBP down 0.98% at 0.7787.The pound was boosted after an opinion poll published in the Times newspaper late Monday showed support for remaining in the EU with a one-point lead over the ‘Leave’ campaign.\A separate poll, conducted by YouGov for the Times newspaper on Monday also showed a one-point lead for keeping Britain in the EU in the referendum.

RECOMMENDATION :

  • BUY EUR/USD ABOVE 1.1365 TGT 1.1385 1.1515 SL 1.1335
  • SELL EUR/USD BELOW 1.1355 TGT 1.1335 1.1305 SL 1.1385

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

8Jun
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.81 points or 0.59% higher to 2848.09, taking the year-to-date performance to -1.20%.
  • The top active stocks today were UOB, which gained 0.86%, DBS, which gained 0.57%, SingTel, which gained closed unchanged, OCBC Bank, which gained 0.69% and CapitaLand, with a 1.32% advance.
  • The FTSE ST Mid Cap Index gained 0.62%, while the FTSE ST Small Cap Index rose 0.73%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 2.67%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries- ended 1.49% higher and 3.20% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.12%. Midas Holdings shares remained unchanged and Geo Energy Resources increased 0.95%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.69%), CIMB FTSE ASEAN 40 (+1.34%), DBXT MSCI Korea ETF 10 (+2.38%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.42%), Capitamall Trust (unchanged), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSC9400UBeCW160929 (+18.09%), HSI20600MBePW160629 (-25.97%), HSI20000MBePW160728 (-20.23%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+1.96%), KepCorp MB eCW161101 (+10.29%), UOB MB eCW161031 (+7.02%).

STOCK RECOMMENDATION :

  • BUY EZRA ABOVE 0.0073 TGT 0.077 0.080 SL 0.069

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

7Jun

Comex Trading Signals and Market News – 07 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas jumped during evening trade in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity after a less than expected rise in US gas supplies boosted sentiment. The EIA said that US gas stockpiles climbed by 82 billion cubic feet in the week ended May 27 2016 compared to a rise of 85 billion cubic feet estimated by analysts.
  • Copper futures jumped by over 1 per cent during noon trade in the domestic market on Monday tracking a firm trend overseas as a softer dollar following Friday’s dismal US jobs data bolstered the appeal of the industrial metal as an alternative asset.Softer greenback makes copper cheaper for those holding other currencies thus lifting demand.
  • Silver advanced during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the precious metal as dismal US May jobs data pushed back bets of an imminent US Federal Reserve interest rate hike bolstering the appeal of the bullion as a store of value.

ECONOMY NEWS :

  • Federal Reserve Chair Janet Yellen on Monday gave a largely upbeat assessment of the U.S. economic outlook and said interest rate hikes are coming but, in an omission that stood out to some investors, gave little sense of when. Overall, a Yellen said, “I see good reasons to expect that the positive forces supporting employment growth and higher inflation will continue to outweigh the negative ones.”
  • The European Commission is confident that Greece will conclude the reforms needed to unlock bailout funds before next week’s meeting of euro zone finance ministers, top officials said on Monday.Greece and its international lenders wrapped up the bulk of reforms needed for badly needed bailout cash in May, but left some loose ends which must be tied up before Athens can receive installments of 10.3 billion euros ($11.48 billion) by September.
  • The U.S. Federal Reserve on Monday awarded $53.35 billion of one-day, fixed-rate reverse repurchase agreements to 36 bidders at an interest rate of 0.25 percent, the New York Fed said on its website. On Friday, the Fed allotted $58.18 billion in three-day reverse repos to 34 bidders, including Wall Street dealers, money market mutual funds and mortgage finance agencies, also at an interest rate of 0.25 percent.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1248.8 TARGET 1253.8 1259.8 SL 1243.8
  • SELL GOLD BELOW 1242.5 TARGET 1237.5 1231.5 SL 1247.5

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

7Jun
forex-market-hours

IForex Market Trading Signals and News – 07 June 2016

MARKET UPDATES :

  • Forex – Aussie up ahead of cash rate review, AIG construction index down
  • Forex – EUR/USD ticks up, as Yellen holds her cards close to the vest
  • Forex – Dollar index flat on Fed’s Yellen remarks

EUR/USD
EUR/USD inched up, as the dollar recovered from a mid-day swoon after Janet Yellen kept investors on their heels regarding the possibility of a summer interest rate hike with relatively neutral comments on the Federal Reserve’s long-term path on Monday afternoon. The currency pair traded in a tight range between 1.1326 and 1.1393, before settling at 1.1357, up 0.0008 or 0.05% on the session. The euro extended gains from last Friday when it surged nearly 2% against the dollar following the release of the weakest U.S. monthly jobs data in nearly six years. With the slight gains, the euro remained near three-week highs against its American counterpart.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.

GBP/USD
GBP/USD is currently trading with bearish bias. Earlier today, the pair gapped down and opened below a significant support level 1.4468, headed short and even broke below the next support level 1.4406. We expect the just broken support level 1.4395 to act as a resistance to any upward rally, thus, as long as the level 1.4395 holds true as a strong Resistance level, we expect an acceleration to the lower-side but should not close below 1.4304. However, in case the price close above 1.44061, then we expect a momentum to the upper side and may close above 1.4480. This pair should be traded alongside EUR/GBP, and GBP/JPY. These pairs have a strong positive correlation of up to +0.95 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4365-1.4367 TGT 1.4387 1.4417 SL 1.4335
  • SELL GBP/USD BELOW 1.4352 TGT 1.4332 1.4302 SL 1.4382

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

7Jun
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 22.05 points or 0.78% higher to 2831.28, taking the year-to-date performance to -1.78%.
  • The top active stocks today were DBS, which gained 1.29%, UOB, which gained 2.02%, SingTel, which gained 1.28%, OCBC Bank, which gained 1.04% and Noble, with a 9.62% fall.
  • The FTSE ST Mid Cap Index declined 0.28%, while the FTSE ST Small Cap Index declined 0.39%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.34%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 1.28% higher and 1.39% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.30%. Keppel Infrastructure Trust shares declined 1.96% and SIIC Environment Holdings declined 1.48%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : CIMB FTSE ASEAN 40 100 (+0.49%), STI ETF (+0.70%), SPDR Gold Shares (+2.28%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.49%), Mapletree Logistics Trust (-0.51%), Ascendas REIT (+2.17%)
  • The most active index warrants by value today were : HSC9400UBeCW160929 (+8.05%), HSI21200UBeCW160929 (+0.74%), HSI19400UBePW160929 (-6.71%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+7.37%), UOB MB eCW161031 (+10.68%), UOB MB eCW161031 (-3.74%)

STOCK RECOMMENDATION :

  • BUY CNMC GOLDMINE ABOVE 0.295 TGT 0.305 0.315 SL 0.285

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

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