9Feb
forex-trading3

IForex Market Trading Signals and News – 09 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -AUD/USD rises but gains seen limited
  • Forex -NZD/USD edges higher in late trade
  • Forex – Dollar higher against yen, euro steady

EUR/USD
The shared currency has quickly reverted the advance to the 1.1180 area vs. the dollar, with EUR/USD now dropping to session lows near 1.1120.The greenback has now gathering further pace and testing daily highs when measured by the US Dollar Index, rapidly sending spot lower and forcing the euro to fade the earlier spike to the boundaries of 1.1200 the figure.In the meantime, the current slump of crude oil prices continue to weigh on sentiment, exacerbated by a negative performance of European equities.On the data front, Investor’s Confidence tracked by the Sentix index has missed expectations for the current month, while the Fed’s Labor Market Conditions Index is due later in the NA session. The pair is now retreating 0.20% at 1.1127 and a breach of 1.1054 (200-day sma) would open the door to 1.0959 (100-day sma) and finally 1.0888 (55-day sma). On the flip side, the next up barrier lines up at 1.1246 (high Feb.5) ahead of 1.1496 (high Oct.15) and finally 1.1713 (post- PBoC high Aug.24).

GBP/USD
The sterling is intensifying its bearish tone today, now rapidly dragging GBP/USD to visit the 1.4400 neighbourhood. The pair shed more than a cent since today’s peaks in the 1.4550 area in response to a better sentiment surrounding the US dollar, which has managed to revert the initial offered tone. The British pound remains under pressure despite last week’s recovery, all against the back- drop of ‘Brexit’ concerns, a dovish BoE and expectations of a rate hike later than initially estimated. As of writing the pair is down 0.64% at 1.4408 with the next support at 1.4353 (23.6% Fibo of 1.5240-1.4079) followed by 1.4147 (low Jan.29) and then 1.4079 (low Jan.20). On the other hand, a breakout of 1.4670 (high Feb.4) would aim for 1.4706 (55-day sma) and finally 1.4796 (61.8% Fibo of 1.5240-1.4079).

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4470 TARGET 1.4490 1.4520 SL 1.4445
  • SELL GBP/USD BELOW 1.4390 TARGET 1.4370 1.4345 SL 1.4415

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

5Feb
SGX

SGX : Share prices opened higher

SINGAPORE EXCHANGE :

  • Share prices opened 0.6 per cent higher on Friday.
  • The Straits Times Index (STI) up 15.42 points to 2,573.91 at 9.01am.
  • On Wall Street, stocks finished modestly higher on Thursday despite another drop in oil prices ahead of Friday’s eagerly anticipated US jobs report for January.
  • The Dow Jones Industrial Average gained 79.92 points (0.49 per cent) at 16,416.58. The broad-based S&P 500 added 2.92 points (0.15 per cent) at 1,915.45, while the tech-rich Nasdaq Composite Index climbed 5.32 points (0.12 per cent) to 4,509.56.

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

5Feb

Comex Trading Signals and Market News – 05 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices stabilized in Europe trade on Thursday, one day after rallying 8% on the back of a broadly weaker U.S. dollar and amid ongoing rumors about a potential deal between Russia and OPEC to cut a global supply glut.On the ICE Futures Exchange in London, Brent oil for April delivery shed 14 cents, or 0.4%, to trade at $34.90 a barrel by 09:00GMT, or 4:00AM ET.
  • Natural Gas futures tumbled by more than 1.5 per cent during noon trade in the domestic market on Thursday as investors and speculators resorted to a cautious stance ahead of weekly US storage numbers which may show that US gas supplies fell by 159 billion cubic feet last week compared to a five-year average withdrawal of 165 billion cubic feet.
  • Copper futures advanced during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid hopes that fresh cash injection by the People’s Bank of China may spur lending and help bolster an economic recovery in the world’s biggest metals consumer lifting the demand outlook for Copper.

ECONOMY NEWS :

  • A top Federal Reserve official said on Thursday he backs tougher stress tests for “too big to fail” banks including higher capital requirements that would make them “even more binding.”The United States adopted both stress tests and capital surcharges for banks in the wake of the 2007-2009 financial crisis, when U.S. investment bank Lehman Brothers collapsed and set off a deep global recession.
  • Euro zone economic growth will slightly accelerate this year and next, the European Commission estimated on Thursday, but the pace will be slower in 2016 than previously forecast because of increased global risks. The gross domestic product (GDP) of the 19-country single currency bloc is expected to expand by 1.7 percent this year from 1.6 percent in 2015. The recovery will gain speed in 2017 with economic expansion of 1.9 percent, the EU executive said in its winter economic forecasts.
  • Just days before the Bank of Japan stunned financial markets with its radical adoption of negative interest rates, members of the central bank’s own policy board had also been taken by surprise by the move. Most of the nine board members were only told of the scheme in the week leading up to Friday’s rate review, according to interviews with more than a dozen officials familiar with the deliberations.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1147 TARGET 1152 1157 SL 1141
  • SELL GOLD BELOW 1140 TAREGT 1135 1129 SL 1146

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

5Feb
forex-trading3

IForex Market Trading Signals and News – 05 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Australian, New Zealand dollars steady near 1-month highs
  • Forex -Dollar on defensive after broad decline on rate hike doubts
  • Forex – No traction for dollar after Fed rates collapse

EUR/USD
EUR/USD is trading above the 1.11 line in Thursday’s European session, following sharp gains a day earlier. On the release front, there are no major Eurozone events. ECB President Mario Draghi will deliver remarks at an event in Frankfurt. In the US, today’s key event is Unemployment Claims, with the indicator expected to remain steady at 279 thousand.The shared currency picked-up significant strength versus its American counterpart in the last hours, with EUR/USD now hovering near multi-month highs above 1.1150.Currently, EUR/USD trades 0.44% higher at 1.1153, having printed fresh four-month highs at 1.1162 last minutes. The latest upsurge seen in the EUR/USD pair was triggered by ECB’s Chief Draghi’s pledge to fight inflation, as he spoke at the Deutsche Bundesbank’s Marjolin Lecture, in Frankfurt. Further, the EUR/USD pair completely ignored the risk-on rally in the European stocks and strengthened further as the US dollar halted its correction and resumed its broad based sell-off ahead of the US data releases, including the jobless claims and factory orders, which are likely to disappoint markets.

GBP/USD
The broad based USD sell-off seen in the NY session ran out of steam in Asia, opening doors for a drop in the GBP/USD below 1.46 levels.UK side of the story is likely to have a major say in determining the exchange rate as we move closer to the Super Thursday events- BOE rate decision, Minutes, Quarterly Inflation Report (QIR). Markets are expecting the central bank to maintain its dovish stance. Later in the day, US weekly jobless claims are due for release. Apart from the data, the broader market sentiment and the resulting impact on the USD could influence the pair. The spot currently trades around 1.4570. The immediate resistance is seen at 1.46, ahead of the major hurdle at 1.4649 (previous day’s high), which if taken out shall open doors for a rally to 1.4712 (50-DMA). On the other hand, a break below a strong support zone of 1.4519-1.4515 (38.2% of 1.5230-1.4079 + 23.6% of 1.4079-1.4649) would open doors for a slide to 1.4431 (38.2% of 1.4079-1.4649).

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4650 TARGET 1.4670 1.4700 SL 1.4620
  • SELL GBP/USD BELOW 1.4610 TARGET 1.4580 1.4550 SL 1.4640

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

5Feb
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 7.75 points or 0.3% higher to 2558.49, taking the year-to-date performance to -11.25%.
  • The top active stocks today were DBS, which gained 0.75%, SingTel, which declined 0.86%, Global Logistic, which gained 0.62%, Keppel Corp, which gained 0.83% and OCBC Bank, with a 0.80% advance.
  • The FTSE ST Mid Cap Index gained 0.93%, while the FTSE ST Small Cap Index rose 0.03%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 3.04%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 4.43% higher and 3.57% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 1.24%. Jardine Matheson Holdings shares declined 1.32%and Jardine Strategic Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.70%), STI ETF (-0.39%), IS MSCI India 100 (+0.64%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.43%), Capitamall Trust (+1.00%), Capitacom Trust (+0.38%)
  • The most active index warrants by value today were : HSI20000MBeCW160226 (+14.58%), HSI19800MBeCW160330 (+6.11%), HSI18400MBePW160330 (-11.61%)
  • The most active stock warrants by value today were : KepCorp MBeCW161101 (unchanged), DBS MB eCW161004 (+3.70%), UOB MB eCW160705 (-2.63%).

STOCK RECOMMENDATION :

  • BUY MAPLETREE COM TR ABOVE 1.350 TARGET 1.380 1.420 SL 1.315

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

4Feb
sgx2

SGX : Singapore shares open higher

Singapore Exchange :

  • Singapore shares open higher on Thursday.
  • SINGAPORE share prices opened 0.59 per cent higher on Thursday, with the Straits Times Index (STI) up 15.02 points to 2,565.76 at 9am.
  • On Wall Street, both the Dow and S&P rose as energy and industrial names surged on Wednesday with rising oil prices. Only the Nasdaq finished lower as Google parent Alphabet and other leading technology names retreated.
  • The Dow Jones Industrial Average jumped 183.12 points (1.13 per cent) to 16,336.66. The broad-based S&P 500 rose 9.50 points (0.50 per cent) to 1,912.53, while the tech-rich Nasdaq Composite Index fell 12.71 points (0.28 per cent) to 4,504.24.

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

4Feb

Comex Trading Signals and Market News – 04 February 2016

INTERNATIONAL COMMODITY NEWS :

  • West Texas Intermediate oil futures climbed back above the $30-level in Europe trade on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a slower pace than expected last week. The U.S. Energy Information Administration will release its weekly report on oil supplies at 15:30GMT, or 10:30AM ET, amid expectations for a gain of 4.8 million barrels.
  • Gold futures held steady near the prior session’s three-month high in Europe trade on Wednesday, as investors looked ahead to key U.S. data later in the day to gauge if the world’s largest economy is strong enough to withstand further rate hikes this year.The U.S. was to release the ADP jobs report for January at 13:15GMT, or 8:15AM ET, followed by the U.S. Institute of Supply Management’s report on service sector growth for January at 15:00GMT, or 10:00AM ET. Market players are also focusing on Friday’s U.S. nonfarm payrolls report.
  • Zinc futures rose by 1.46 per cent to Rs 115.05 per kg today as speculators increased positions in the midst of a strong trend globally. Besides high demand in domestic spot markets fueled the uptrend. Zinc futures for January 2016 contract at MCX were trading at Rs 115.05 per kg up by 1.46 per cent after opening at Rs. 114.35 against the previous closing price of Rs. 113.40.

ECONOMY NEWS :

  • European Council President Donald Tusk set out a plan on Tuesday for keeping Britain in the European Union to a mixed reception which underlined the challenges Prime Minister David Cameron faces convincing Britons they should stay in the bloc.Cameron mounted a strong defence of membership of the 28-nation bloc after Tusk released details of his plan following weekend talks, saying he would be ready to campaign to stay in the EU if the proposals won the backing of other EU countries.
  • The European Union aims to bring free trade negotiations with the United States towards a close by the summer, a necessary step if a deal is to be clinched before a change of president in the United States.The two sides are trying to agree on the Transatlantic Trade and Investment Partnership (TTIP), a free trade deal that could deliver economic benefits of more than $100 billion for both economies, each searching for growth in the face of a Chinese economic slowdown.
  • The Reserve Bank of India’s move to clean up balance sheets of commercial lenders is not aimed at reducing the risk- taking appetite of company owners, Governor Raghuram Rajan said on Wednesday.”We should not in any way reduce risk-taking in the economy,” Rajan said in an interview to ET Now television.The central bank has been urging banks to proactively clean up their balance sheets, including accounting for potential stressed assets. Rajan said this exercise is intended to put key stalled projects back on track and was not meant to penalise promoters.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1132 TARGET 1137 1143 SL 1127
  • SELL GOLD BELOW 1124 TAREGT 1119 1113 SL 1130

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

4Feb
forex-trading3

IForex Market Trading Signals and News – 04 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Yen pares back gains as oil prices edge higher
  • Forex – Kiwi boosted by jobs data, Aussie pushes higher
  • Forex – Yen and euro stand tall, oil slide brings focus back to global woes

EUR/USD
The single currency has now recovered the smile,sending EUR/USD back to the 1.0930 area after testing lows near 1.0900. The current recovery of crude oil prices seem to be lending some support to the pair, which has managed to bounce off session lows in the boundaries of 1.0900 the figure.Mixed results from January’s Services PMI in the euro area have passed largely unnoticed, while EMU’s Retail Sales have expanded 0.3% MoM during December, matching estimates. Ahead in the session, market consensus expects the ADP report to come in just below the 200K threshold and the ISM Non- manufacturing a tad lower to 55.1 for the last month. The pair is now advancing 0.10% at 1.0925 facing the next resistance at 1.0969 (high Jan.28) followed by 1.1000 (psychological level) and then 1.1053 (200-day sma). On the other hand, a break below 1.0777 (post-ECB low Jan.21) would open the door to 1.0737 (38.2% Fibo of 1.0538-1.1059) and finally 1.0709

GBP/USD
The pound rose to three week highs on Wednesday after data showing that the dominant U.K. service sector posted another solid rise in output in January, getting 2016 off to a strong start. GBP/USD hit 1.4462, the most since January 13, up from around 1.4430 ahead of the data.The Markit services purchasing managers’ index ticked up to a five month high of 55.6 from Decembers 55.5. Analysts had expected a slight downtick to 55.3.New business rose at the sharpest rate since last July, the report said, while service providers raised employment at the fastest pace since last October.But output growth was weaker than the trend rates achieved in 2013, 2014 and 2015 and the longer-term outlook for business activity hit a three-year low.“The three PMI surveys for January collectively point to a slight upturn in the rate of economic growth, consistent with GDP rising at a quarterly rate of 0.6% in the first quarter, up from 0.5% in the fourth quarter, if current levels are sustained,” Chris Williamson, chief economist at Markit said.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4480 TARGET 1.4500 1.4530 SL 1.4450
  • SELL GBP/USD BELOW 1.4220 TARGET 1.4200 1.4170 SL 1.4250

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

4Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 22.7 points or 0.87% lower to 2579.71, taking the year-to-date performance to -10.51%.
  • The top active stocks today were DBS, which declined 1.96%, Global Logistic, which gained 2.46%, ST Engineering, which declined3.55%, OCBC Bank, which declined 1.29% and SingTel, with a 0.29% advance.
  • The FTSE ST Mid Cap Index declined 0.39%, while the FTSE ST Small Cap Index declined 0.75%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.52%. The two biggest stocks of the Index – Raffles Medical Group and Biosensors International Group- ended 1.21% higher and 1.92% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.02%. Silverlake Axis shares declined 1.79% and CSE Global declined 4.55%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.76%), SPDR Gold Shares (+0.34%), DBXT MSCI Thailand TRN ETF 10 (-1.12%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.44%), Capitamall Trust (+1.00%), Capitacom Trust (-0.38%)
  • The most active index warrants by value today were : HSI20000MBeCW160226 (-3.57%), HSI18400MBePW160330 (+0.76%), HSI19600MBePW160226 (+0.68%)
  • The most active stock warrants by value today were : KepCorp MBeCW161101 (-2.60%), DBS MB eCW161004 (unchanged), KepCorp MB eCW161205 (-0.65%).

STOCK RECOMMENDATION :

  • BUY ASCENDAS-H TRUST ABOVE 0.770 TARGET 0.800 0.850 SL 0.840

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

3Feb

Comex Trading Signals and Market News – 03 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper prices fell by 1.81 per cent on Monday as the release of weak Chinese manufacturing activity data underlined concerns over the health of the world’s second largest economy. Copper traders view Chinese factory activity as an indicator of the nation’s copper demand as the red metal is widely used by the sector. The official China manufacturing purchasing managers’ index fell to a three-year low of 49.4 in January from 49.7 a month earlier falling short of expectations for 49.6.
  • Natural Gas futures plummeted by over 3 per cent during noon trade in the domestic market on Monday as investors and speculators resorted to profit booking in the energy commodity after a spectacular rally on Friday and Thursday when upbeat supplies data which showed a hefty storage withdrawal coupled with forecasts for colder weather in the US in the first two weeks of February which bolstered the demand outlook for the heating fuel buoyed sentiment.
  • Gold futures rose to a fresh three-month high in Europe trade on Tuesday, amid growing skepticism over the Federal Reserve’s ability to raise interest rates as much as it would like this year.Gold for April delivery on the Comex division of the New York Mercantile Exchange rose to an intraday peak of $1,131.00 a troy ounce, the most since November 3, before turning lower to trade at $1,125.50 by 07:50GMT, or 2:50AM ET, down $2.50, or 0.22%.

ECONOMY NEWS :

  • The Reserve Bank of India left the key repo rate steady at 6.75 percent, opting to wait until after the government’s annual budget statement at the end of February to decide on whether to cut interest rates further. of a post-budget rate cut have surfaced after Rajan said further room for rate cuts would open up if the forthcoming budget came up with structural reforms to help boost growth and contain inflation.
  • The European Central Bank is working on a plan to allow consumers to transfer money using their phone numbers or email addresses rather than a complicated bank account number, a senior bank official said.In an interview with RTL Nieuws broadcast on Monday, ECB executive board member Yves Mersch said the system would let a consumer link, for instance, her telephone number to her International Bank Account Number, or IBAN.
  • China’s central bank will inject 50 billion yuan (5.2 billion pounds)into the money markets through 14-day reverse bond repurchase agreements and an additional 50 billion yuan through 28-day reverse repos on Tuesday, traders said. PBOC also injected 10 billion yuan into the money markets through 28-day reverse repos on Monday in an off – schedule open market operation. Maturing reverse repos will drain a net 180 billion yuan from the banking system this week.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1127 TARGET 1132 1138 SL 1121
  • SELL GOLD BELOW 1120 TAREGT 1115 1109 SL 1126

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

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