12Apr

IForex Market Trading Signals and News – 12 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Aussie, Kiwi hold steady, eyes on Fed announcement
  • Forex -Yen reverses early weakness, gains in Asia, China CPI noted
  • Forex- Dollar hits fresh 17-month lows against yen

EUR/USD
The single currency has now come under renewed selling pressure, dragging EUR/USD to the area of session lows near 1.1380.Spot has given away recent gains and returned to sub-1.1400 levels at the beginning of the week following a positive start of equity markets in the Old Continent. Later in the day, market participants will remain wary of the unexpected closed meeting between Fed governors with fund rates on top of the agenda on an otherwise empty calendar in both Euroland and the US. The pair is now losing 0.11% at 1.1389 facing the next support at 1.1325 (low Apr.6) ahead of 1.1305 (23.6% Fibo of 1.0820-1.1455) and finally 1.1151 (55-day sma). On the other hand, a break above 1.1454 (2016 high Apr.7) would target 1.1496 (monthly high Oct.15 2015) en route to 1.1713 (high Aug.24 2015).

GBP/USD
The Cable was highly volatile last week, reaching a high of 1.4319 and a low of 1.4004. The overall bias remains bearish in the near-term, though the bulls are not keeping their fingers crossed this time around. They would most probably effect a rally, which would jeopardize the current bearish bias, especially when the distribution territory at 1.4400 is overcome. This would require a strong rally, which would occur because the outlook on GBP pairs is bright for this week. GBP/USD is currently doing some corrective moves above the support zone of 1.4118, after a rebound that was made around the 1.4062 price level. The bullish move can be extended and the price could go towards the 200 SMA on the H1 chart, where a pullback can happen to resume the bearish bias. The MACD indicator is favoring the corrective scenario as it stays above the positive territory.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4227 TARGET 1.4147 1.4087 SL 1.4087
  • SELL GBP/USD BELOW 1.4140 TARGET 1.4120 1.4090 SL 1.4170

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

12Apr
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 0.92 points or 0.03% higher to 2809.24, taking the year-to-date performance to -2.55%.
  • The top active stocks today were SingTel, which declined 1.35%, DBS, which gained 0.40%, CapitaLand, which gained 1.34%, OCBC Bank, which gained 1.03% and Keppel Corp, with a 0.52% advance.
  • The FTSE ST Mid Cap Index declined 0.13%, while the FTSE ST Small Cap Index declined 0.44%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 0.57%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended unchanged and closed unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.27%. SingTel shares declined 1.35% and StarHub declined 0.30%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.06%), STI ETF (unchanged), DBXT S&P 500 Short ETF 10 (+0.38%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.68%), Capitamall Trust (-0.47%), Suntec REIT (unchanged)
  • The most active index warrants by value today were : HSI20600MBeCW160530 (+6.90%), HSI21000MBeCW160428 (unchanged), HSI20000MBePW160629 (-8.03%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+1.04%), DBS MB ePW161003 (-2.41%), NKY 15500MBePW160610 (unchanged).

STOCK RECOMMENDATION :

  • BUY FEDERAL INTL ABOVE 0.250 TARGET 0.270 0.300 SL 0.225

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

11Apr
sgx2

Malaysia’s ringgit has done a stunning about-face this year

SINGAPORE :

  • The ringgit strengthened 10 percent against the U.S. dollar in January-March, its largest quarterly gain since 1973, Thomson Reuters data shows.
  • Still, few expect the ringgit to regain all the ground lost last year, as inflows may have peaked as Malaysian risk assets are starting to look pricey to investors and analysts.
  • Malaysia’s ringgit has done a stunning about-face this year, with surging capital inflows turning it into Asia’s best-performing currency from the region’s worst in 2015.
  • In 2015, the ringgit had its worst year since 1997, shedding 18.5 percent on the back on plunging oil prices, anticipated higher U.S. interest rates and a financial scandal at state-owned 1Malaysia Development Berhad (1MDB).
  • Driving the currency’s U-turn is the return of foreign investors, who have poured into Malaysian stocks and bonds on better crude oil prices, a surprisingly resilient economy and easier monetary policies from major central banks.
  • “The market is saying that this recovery in oil prices will be pretty positive for the Malaysian economy,” said Kelvin Tay, chief investment officer for southern Asia Pacific at UBS Wealth Management in Singapore.
  • In February, exports rose faster than expected. Sales of electrical and electronic products, the biggest item, increased 8.9 percent from a year earlier.

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

11Apr

Comex Trading Signals and Market News – 11 April 2016

INTERNATIONAL COMMODITY NEWS :

  • The price of Copper in the commodity market rose during noon trade as the metal is expected to be in shortage at the year-end as cooling investments mean no major mines are built this year. Copper is also considered to be a precious metal these days. Unlike the last few surplus years Copper is predicted to be below the inventory level which was supposed to be in accordance with the previous years.
  • Crude oil prices rose by 2.62 per cent on Friday on growing supply as investors look ahead to US rig count data from Baker Hughes and as prices were lifted by firm economic indicators from the United States and Germany which could support fuel demand.
  • Gold prices dropped on Friday on account of profit booking by traders as prices had earlier surged on expectations that any rate hikes by the Fed will be gradual based on comments from Federal Reserve Board Chair Janet Yellen. Prices had surged ahead of a public appearance by Federal Reserve chair Janet Yellen after the close of trading as investors digested dovish indications from the Fed’s March minutes that the US central bank will remain cautious with the timing of its next interest rate hike.

ECONOMY NEWS :

  • India’s power reforms are likely to put pressure on state governments’ budgets, potentially forcing them to cut spending needed to support economic growth, the Reserve Bank of India said in a report on Thursday. States could find themselves deviating from the path of fiscal consolidation as they take on an additional interest burden from debt tied to state utilities.
  • China’s securities regulator said on Friday it will revise risk-management rules for the brokerage industry, which now faces increasing risks in a more complex environment.The China Securities Regulatory Commission (CSRC) said on its official microblog it plans to change the way to calculate brokerages’ net capital and risk reserves, and improve supervision of leverage and liquidity.
  • The EU and IMF met in Brussels on Friday to agree on how to coax Greece into more economic reforms linked to its bailout and unlock more funds, with one EU official saying they hoped for a deal by Sunday. Mission chiefs of Greece’s European Union and International Monetary Fund lenders left Athens for consultations in Brussels, adjourning their bailout review for one day, a Greek government official said, but the European Commission stressed these were not emergency talks and said things were still going well.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1241 TGT 1250 1259 SL BELOW 1233
  • SELL GOLD BELOW 1230 TGT 1222 1216 SL ABOVE 1240

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

11Apr
forex-trading3

IForex Market Trading Signals and News – 11 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -GBP/USD trims gains after weak U.K. data
  • Forex -Dollar regains some ground but remains vulnerable
  • Forex- Yen weaker as Yellen repeats on track for gradual rate hikes

EUR/USD
EUR/USD fell mildly on Thursday, as the minutes from the European Central Bank’s March meeting depicted a broadly unified Governing Council on the prospects of implementing comprehensive easing measures as a means for boosting economic growth throughout the euro area. The currency pair traded in a tight range between 1.1338 and 1.1454, before closing at 1.1377, down 0.0022 or 0.19%. The euro closed above 1.13 versus the dollar for the seventh consecutive session. Over the last month of trading, the euro has surged more than 3.3% against its American counterpart amid strong indications that the Federal Reserve and the ECB will avoid even sharper divergences at least for the time being.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
The pound trimmed gains against the U.S. dollar on Friday, after the release of downbeat U.K. economic reports, although sentiment on the greenback remained vulnerable due to the Federal Reserve’s cautious stance on rate hikes.GBP/USD pulled back from 1.4140, the session high, to hit 1.4098 during European morning trade, still up 0.32%.Cable was likely to find support at 1.4004, the low of April 6 and a one-month low and resistance at 1.4280, the high of April 5. The U.K. Office for National Statistics reported on Friday that manufacturing production declined by 1.1% in February, compared to expectations for a 0.2% fall. Manufacturing production rose by 0.5% in January, whose figure was revised from a previously estimated 0.7% gain. Year-on-year, manufacturing production dropped 1.8% in February, confounding expectations for a 0.7% fall.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4135 TARGET 1.4165 1.4195 SL 1.4105
  • SELL GBP/USD BELOW 1.4100 TARGET 1.4080 1.4050 SL 1.4130

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

11Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 11 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 10.86 points or 0.39% lower to 2802.73, taking the year-to-date performance to -2.78%.
  • The top active stocks today were UOB, which declined 1.17%, DBS, which declined 0.60%, SingTel, which declined 0.27%, OCBC Bank, which declined 0.34% and CapitaLand, with a 1.00% fall.
  • The FTSE ST Mid Cap Index gained 0.08%, while the FTSE ST Small Cap Index rose 0.39%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 2.10%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended 3.85% higher and 1.72% higher respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 0.86%. Wilmar International shares declined 0.59% and Thai Beverage declined 0.69%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT IBOXX Singapore ETF 5 (unchanged), STI ETF (unchanged), SPDR Gold Shares (+0.23%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+2.40%), Capitacom Trust (+1.06%), Ascendas REIT (+1.28%)
  • The most active index warrants by value today were : HSI20600MBePW160428 (-12.41%), HSI19600MBePW160428 (-18.52%), HSI20600MBeCW160530 (+8.41%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-4.00%), DBS MB ePW161003 (unchanged), KepCorp MBeCW161101 (+1.91%).

STOCK RECOMMENDATION :

  • BUY CORDLIFE GRB ABOVE 1.415 TARGET 1.455 1.505 SL 1.350

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

8Apr

Comex Trading Signals and Market News – 08 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices rose by 0.31 per cent on Thursday after Fed minutes showed tension on rate hike views. The latest Federal Open Market Committee meeting showed Kansas City Fed President Esther George had some support of her view another rate hike was appropriate from a couple non-voting members.
  • Crude oil futures jumped in the domestic market during noon trade on Thursday as investors cheered a surprise drop in US crude stockpiles from an 86-year high easing fears over a global supply glut.The EIA reported that US crude oil supplies fell by 4.9 million barrels to 529. 9 million barrels in the week ended April 1 2016 whilst production declined by 14000 barrels a day to 9.01 million barrels per day the lowest since November 2014.
  • Copper prices traded steady after hitting a one-month low of 2.1305 earlier this week. The Fed’s meeting minutes led to moderate weakness in the USD, which in turn underpinned metals prices. Shanghai Futures Exchange copper was steady at 36,700 yuan ($5,668) a tonne.

ECONOMY NEWS :

  • The Reserve Bank of India Governor Raghuram Rajan said on Thursday that the health of the country’s lenders needed to be improved, adding the central bank was taking steps in that direction.Indian banks, which have about $120 billion in bad and troubled loans, are set to reveal more sour debt in the coming weeks after a clean-up ordered by the central bank.
  • The Reserve Bank of New Zealand’s deputy governor said on Thursday that the country’s strong labour supply was a factor in keeping monetary policy accommodative.”Stronger than expected labour supply, and greater than expected slack, has been a factor in our assessment that it has been appropriate to keep monetary policy accommodative,” said Geoff Bascand at a speech in Dunedin.
  • Growth in world trade will come to 2.8 percent this year, lower than a previous forecast of 3.9 percent, the World Trade Organization forecast on Thursday.It expects trade to rise to 3.6 percent in 2017, breaking through 3.0 percent for the first time in six years. Its forecasts are based on economic growth of 2.4 percent in 2016 and 2.7 percent in 2017.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1244 TARGET 1249 1255 SL 1238
  • SELL GOLD BELOW 1234 TARGET 1229 1223 SL 1240

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

8Apr
forex-market-hours

IForex Market Trading Signals and News – 08 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar edges lower on Fed meeting minutes
  • Forex -Aussie, kiwi rise vs. greenback on Fed meeting minutes
  • Forex- Yen gains sharply as Kuroda remarks on economic outlook

EUR/USD
The euro pared back the day’s gains against the dollar on Thursday after senior European Central Bank officials reiterated that they are prepared to inject more stimulus if necessary. EUR/USD slid 0.18% to 1.1381, off the five-and-a-half month highs of 1.1454 set overnight. The euro was at one-month lows against the broadly stronger yen, with EUR/JPY dropping 1.46% to 123.28. The ECB’s chief economist, Peter Praet, said the bank was prepared to do more if the euro zone economy was hit by fresh shocks.“If further adverse shocks were to materialize, our measures could be recalibrated once more commensurate with the strength of the headwind,” he said.The comments were echoed by ECB Vice-President Vito Constancio who said in a speech to the European Parliament that the bank will continue to do whatever it takes to pursue its price stability objective.

GBP/USD
GBPUSD: With the pair continuing to decline, more weakness is envisaged towards its key support located at 1.4052 level. On the downside, support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness towards the 1.3850 level. Conversely, resistance stands at the 1.4150 levels with a turn above here allowing more strength to build up towards the 1.4200 level. Further out, resistance resides at the 1.4250 level followed by the 1.4300 level. On the whole, GBPUSD remains biased to the downside on more weakness.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4090TARGET 1.4060 1.4000 SL 1.4120
  • SELL GBP/USD BELOW 1.4015 TARGET 1.3995 1.3965 SL 1.4045

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

8Apr
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 0.37 points or 0.01% higher to 2811.62, taking the year-to-date performance to -2.47%.
  • The top active stocks today were SingTel, which declined 1.33%, DBS, which gained 0.40%, SingPost, which declined 3.39%, Keppel Corp, which gained 1.24% and OCBC Bank, with a 1.03% advance.
  • The FTSE ST Mid Cap Index declined 0.22%, while the FTSE ST Small Cap Index declined 0.02%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.89%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 4.09% higher and 2.64% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.06%. SingTel shares declined 1.33% and Star-Hub declined 1.20%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.38%), DBXT MSCI Asia Ex Japan ETF 10 (unchanged), STI ETF (-0.36%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitacom Trust (-2.07%), Ascendas REIT (-0.84%), Capitamall Trust (-1.42%).
  • The most active index warrants by value today were : HSI20800UBeCW160629 (unchanged), HSI20600MBePW160428 (-8.67%), HSI20200MBeCW160428 (unchanged).
  • The most active stock warrants by value today were : DBS MB eCW160711 (unchanged), DBS MB ePW161003 (-1.19%), KepCorp MBeCW161212 (+6.38%).

STOCK RECOMMENDATION :

  • BUY ASCOTT REIT ABOVE 1.105 TARGET 1.135 1.170 SL 1.060

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

7Apr

Comex Trading Signals and Market News – 07 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices were trading flat on Wednesday with investors keyed to Federal Reserve remarks ahead. Investors also await a wave of public comments from key Federal Reserve policymakers including Yellen on Thursday for further signals on the pace of the Fed’s current tightening cycle.
  • Crude oil prices rose by 3.19 per cent on Wednesday after a bullish US industry group inventory estimate showed a sharp drop in stocks and an upbeat services PMI from China. The American Petroleum Institute said crude oil stock fell 4.3 million barrels at the end of last week while distillates stocks rose 2.7 million barrels and gasoline stock fell 116000 barrels.
  • Natural Gas futures fell by 3 per cent in the domestic market on Tuesday reversing Monday’s rally which was driven by hopes that a surprise cold snap may bolster the demand for the heating fuel in the US the world’s biggest gas consumer.Traders were cautious ahead of the weekly US supplies data which may offer a further insight into the state of demand for the energy commodity in the US.

ECONOMY NEWS :

  • China’s exports likely returned to growth for the first time in nine months in March while the pace of bank lending may have picked up, adding to signs that the world’s second-largest economy may be stabilizing. Chinese leaders have pledged to make monetary policy more flexible this year even as it leans more on increased fiscal spending and tax cuts to support economic growth and cushion the pain from structural reforms.
  • Conditions are in place for the Indian economy to start growing faster in the next few quarters as banks pass on its rate cuts to their borrowers, Reserve Bank of India Governor Raghuram Rajan told Bloomberg TV in an interview on Wednesday.Still, Rajan left open the prospect for more easing should inflation conditions allow it, though he added that inflation in services, education and health care had not yet eased “dramatically.”
  • A top Australian central banker on Wednesday reiterated that a wide range of information suggested inflation was likely to remain low over the next couple of years, in part due to spare capacity globally. The comments underline the message from the Reserve Bank of Australia’s (RBA) April policy meeting that the country’s low inflation would provide scope for a further cut in interest rates if needed to support the economy.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1228 TARGET 1233 1239 SL 1223
  • SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1228

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

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