1Mar

Comex Trading Signals and Market News – 01 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Brent crude futures edged higher on Monday, adding to strong gains last week, on rising hopes the market has bottomed out though analysts warned it would still take a long time to clear a huge global glut. ,Brent futures (LCOc1) were trading at $35.28 per barrel at 1042 GMT (05:42 EST), up 18 cents from their previous close., Since Feb. 11, the last time Brent was below $30, the crude benchmark has risen some 17 percent, although prices are still a fraction of the $115 per barrel seen only 20 months ago.
  • Gold futures pushed higher in European trade on Monday, as sharp declines on China’s stock market drove investors to seek shelter in the safe-haven asset.The Shanghai Composite Index tumbled by more than 4% in early trading to hit levels not seen since late 2014, as China’s central bank guided the yuan to its weakest level in three weeks.
  • Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exited positions in the precious metal after upbeat US economic data signaled strength in the world’s biggest economy despite global headwinds raising the case for the US Federal Reserve to hike interest rates this year after December’s initial lift-off dimming the lure for the bullion as a store of value.

ECONOMY NEWS :

  • The People’s Bank of China eased monetary policy on Monday by cutting the amount of cash that banks must hold as reservesIt was the fifth time since February 2015 that the PBOC cut the Reserve Rate Requirement as it seeks to revive a stumbling economyCutting the RRR will guarantee “ample liquidity” in the financial sector and encourage “appropriate growth” in the credit market the PBOC said.A lower RRR will give Chinese banks the leeway to lower borrowing costs and to make more money available to borrowers.
  • India needs to lower its debt to GDP ratio and materially lower its fiscal deficit for a ratings upgrade, Kyran Curry, S&P director, sovereign ratings in Asia, told Reuters after the federal budget was announced earlier on Monday.The country’s debt to GDP ratio falling to below 60 percent would bring a “clear upside” to the sovereign ratings, Curry said. It currently stands at 67 percent.”We are just seeing continuing a very, very slow pace in its (government’s) consolidation path. And that if anything, delays a ratings rise,” Curry added.
  • Expectations among people in Britain for inflation over the coming year rose to their highest level in five months in    January, according to a survey which followed a pick-up in official inflation data from below zero. The monthly YouGov/Citi survey, published on Monday, found year-ahead inflation expectations rose to 1.5 percent from 1.3 percent in December. Expectations for inflation over the next five to 10 years also rose to 2.9 percent from 2.7 percent, hitting their highest level since October 2014.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
  • SELL GOLD BELOW 1225 TARGET 1220 1214 SL 1231

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

1Mar
forex-trading3

IForex Market Trading Signals and News – 01 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar sharply lower against yen as China stocks sink
  • Forex – Aussie holds steady, kiwi declines after disapppointing data
  • Forex – Dollar edges up to fresh 3-week highs vs. rivals

EUR/USD
The euro fell to the day’s lows against the dollar and the yen on Monday after data showing that the euro area fell back into deflation in February for the first time in five months cemented expectations for more central bank stimulus. EUR/USD touched lows of 1.0896, the weakest since February 2 down from around 1.0915 earlier. The drop in the euro came after Eurostat said the consumer price index fell 0.2% on a year-over-year basis after rising 0.3% in January. It was the first negative inflation figure since September, when consumer prices fell 0.1%, and is well below the European Central Bank’s target of close to but just below 2.0%. Economists had expected the annual rate of inflation to tick down to 0.1%. The fall was due in large part to falling energy costs, which were 8% lower in the year to February compared to the previous month’s 5.4% drop. Core inflation, which strips out energy costs, fell to 0.7% from 1.0% in January.

GBP/USD
The GBP/USD is flat today with no domestic data but Brexit possibilities grow. The pound is trading at 1.3963. The UK currency remained below $1.40 against the US dollar following a torrid week. The slump in sterling has been fueled by fears the UK could vote to leave the EU, dubbed ‘Brexit’, on June 23. Jack Row, global fixed income investment manager at NN Investment Partners, said the pound had already weakened 4-7 per cent due to the risk of Brexit and warned it could fall further.He said: “It is not easy to assess how much the weakness of GBP is due to Brexit risk. Correlations with the US dollar and the euro have destabilized and it is not straight-forward how cyclical developments, such as disappointing UK economic data and a more dovish stance by the Bank of England, can be disentangled from Brexit risk. But it seems fair to say that GBP is around 4-7 per cent weaker because of it.”

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4020 TARGET 1.4040 1.4070 SL 1.3990
  • SELL GBP/USD BELOW 1.3860 TARGET 1.3840 1.3710 SL 1.3890

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

1Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 01 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 17.13 points or 0.65% higher to 2666.51, taking the year-to-date performance to -7.50%.
  • The top active stocks today were JMH USD, which gained 3.04%, DBS, which declined 0.07%, SingTel, which gained 0.81%, OCBC Bank, which gained 0.62% and JSH USD, with a 1.80% advance.
  • The FTSE ST Mid Cap Index declined 0.01%, while the FTSE ST Small Cap Index rose 0.06%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 2.30%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 3.04% higher and 1.80% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 0.09%. Keppel Infrastructure Trust shares remained unchangedand SIIC Environment Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.23%), STI ETF (+1.13%),IS MSCI India 100 (-0.17%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+1.39%), Ascendas REIT (+0.83%), Suntec REIT (+0.60%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (-29.59%), HSI18400MBePW160330 (+12.50%), CN10000MBeCW160629 (-10.39%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (-2.92%), UOB MB eCW160711 (+0.76%), KepCorp MBeCW161212 (unchanged).

STOCK RECOMMENDATION :

  • BUY TECH & OIL GAS ABOVE 0.140 TARGET 0.150 0.160 SL 0.132

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

29Feb
PalmOil

Oil prices rise in early Asian trade Monday, signs mount market bottoming out

SINGAPORE :

  • Crude futures rose in early trading on Monday after gaining over 15 percent last week, with some indicators pointing to the possibility the market is showing signs of bottoming out.
  • International Brent futures had climbed around half a dollar, or 1.4 percent, from their last close to $35.58 per barrel at 8.41 p.m. ET on Monday.
  • U.S. West Texas Intermediate crude futures were up 18 cents at $32.96 a barrel after gaining over 15 percent the previous week.
  • Analysts said that first signs of a strengthening market outlook were appearing after a 20-month rout that has seen prices fall by 70 percent.
  • “The U.S. crude market also seems to have passed the worst point and crude runs should start creeping higher taking pressure off inventory levels. The latest EIA data on U.S. production is also supportive as it indicates that the low prices are finally having an impact,” said Richard Gorry, director of JBC Energy Asia.

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

29Feb
sgx2

SGX : Opening market update for today

Market Updates :

  • Singapore share prices opened higher on Monday with the Straits Times Index up 10.86 points to 2,660.24 as at 9.01 am. US West Texas Intermediate crude futures for April delivery were up 0.27 per cent at US$32.87 a barrel. The US markets mostly closed lower on Friday.
  • Top gainers in early morning trade included Jardine C&C and UOB.
  • Some 109 million shares worth S$152 million changed hands, with gainers outnumbering losers 84 to 51.

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

29Feb

Comex Trading Signals and Market News – 29 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold fell sharply on Friday after the Federal Reserve’s preferred gauge for inflation rose by its highest annual percentage in more than three years, augmenting hawkish sentiments for accelerated normalization in the U.S. central bank’s first tightening cycle in nearly a decade.On the Comex division of the New York Mercantile Exchange, gold for April delivery traded in a broad range between $1,212.10 and $1,240.90 an ounce before settling at $1,220.20, down 18.60 or 1.51% on the session.
  • Silver futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the precious metal as San Francisco Fed President John Williams stressed that the Fed should follow a broad policy of gradual interest rate tightening with the number of rate hikes in the current monetary tightening cycle dependent on inflation and other economic data dimming the lure for Silver as a store of value.The focus today will be on the revised US Q4 GDP estimates and consumer spending data.
  • Copper futures fell in the domestic market on Thursday as investors and speculators exited positions in the industrial metal as weak US economic data signaled concerns over copper’s demand outlook.Manufacturing activity in Kansas City shrank in February with the manufacturing gauge falling to -12 this month the lowest since 2009 from -9 in January as a reading below 0 signals contraction.

ECONOMY NEWS :

  • The Federal Reserve, facing the delicate task of explaining how it will forge ahead with rate hikes in a stormy world economy, is wary of again tying its actions to calendar dates but officials want to keep “forward guidance” as an emergency tool. San Francisco Fed President John Williams said on Friday such time-based guidance can be “like a sledgehammer … a powerful tool when it’s needed,” while Fed Vice Chairman Stanley Fischer said it is as close as the U.S. entral bank can get to a cohesive forecast.
  • EU and U.S. negotiators seeking a transatlantic free trade agreement expressed cautious optimism on Friday that they could resolve most issues by July, which could lead to a conclusion of a deal by the end of the year.The two sides are trying to agree on the Transatlantic Trade and Investment Partnership (TTIP), which supporters say could boost each economy by some $100 billion at a time of slowing growth in China and emerging markets.
  • China sought to restore confidence in its economy as financial leaders from G20 nations gathered in Shanghai on Friday, but Germany all but ruled out any coordinated stimulus to counter a deepening global chill.While the health of the world’s second-largest economy, which hosts the G20 presidency this year, is a key talking point around the two-day summit, the threat of the UK leaving the European Union and its political and economic implications have also surfaced as concerns among participants in the meeting.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1225 TARGET 1230 1237 SL 1218
  • SELL GOLD BELOW 1217 TARGET 1212 1204 SL 1222

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

29Feb

IForex Market Trading Signals and News – 29 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – USD/CAD slips to 2-1/2 month lows amid rising oil prices
  • Forex – Dollar extends gains to fresh 3-week peak vs. rivals
  • Forex – Dollar moves higher on upbeat U.S. GDP data

EUR/USD
The euro dropped to one-month lows against the U.S. dollar on Friday, as strong U.S. economic reports lent broad support to the greenback.EUR/USD hit 1.0944 during U.S. morning trade, the pair’s lowest since February 3; the pair subsequently consolidated at 1.0958, declining 0.54%.The pair was likely to find support at 1.0901, the low of February 3 and resistance at 1.1137, the high of February 22.Preliminary data showed that U.S. gross domestic product grew 1.0% in the fourth quarter, compared to a previously reported 0.7% growth rate and expectations for a 0.4% rate.Data also showed that personal spending rose 0.5% in January, beating expectations for a 0.3% gain, after an increase of 0.1% in December.

GBP/USD
The pound edged higher against the U.S. dollar on Friday, as sentiment on the greenback weakened ahead of a string of key U.S. economic reports and as concerns over a potential British exit from the European Union slightly eased. GBP/USD hit 1.4020 during European morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.4014, rising 0.37%.Cable was likely to find support at 1.3875, Wednesday’s low and a seven-year low and resistance at 1.4155, Tuesday’s high.Investors were eyeing the release of U.S. economic growth, personal spending and consumer sentiment data, due later Friday, for further indications on the strength of the economy and potential U.S. rate hikes this year. The dollar had found support after data showed that U.S. durable goods orders rose far more-than-expected last month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3880 TARGET 1.4000 1.4040 SL 1.3840
  • SELL GBP/USD BELOW 1.3830 TARGET 1.3810 1.3760 SL 1.3860

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

29Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 45.01 points or 1.73% higher to 2648.41, taking the year-to-date performance to -8.13%.
  • The top active stocks today were JMH USD, which gained closed unchanged, DBS, which gained 1.80%, SingTel, which gained 1.65%, UOB, which gained 1.43% and OCBC Bank, with a 2.30% advance.
  • The FTSE ST Mid Cap Index gained 0.93%, while the FTSE ST Small Cap Index rose 0.56%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 3.55%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 3.00% higher and 5.53% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.64%. Silverlake Axis shares remained unchanged and CSE Global gained 5.68%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.57%), STI ETF(+1.92%),DBXT MSCI China Trn ETF10 (+1.71%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+2.37%), Ascendas REIT (+2.13%), Capitacom Trust (+1.09%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (+46.27%), HSI18400MBePW160330 (-31.62%), HSI18000MBePW160428 (-21.97%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (+7.03%), KepCorp MBeCW161212 (+10.81%), UOB MB eCW160711 (+8.20%).

STOCK RECOMMENDATION :

  • BUY QT VASCULAR ABOVE 0.120 TARGET 0.125 0.135 SL 0.114

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

 

26Feb
sgx2

SGX : Opening market update

Singapore Exchange :

  • Singapore shares open higher on Friday before G-20 meeting.
  • SINGAPORE’S benchmark Straits Times Index on Friday opened at 2,625.13 points, up 21.73 points or 0.83 per cent, as sentiment stabilised before the G-20 Finance Ministers and Central Bank Governors Meeting in Shanghai.
  • Some 75 million shares worth S$90.6 million changed hands as of 9.04am. Gainers outnumbered losers 102 to 37.

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

26Feb

Comex Trading Signals and Market News – 26 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Thursday after U.S. inventory data showing stockpiles at another record high last week.U.S. crude stockpiles rose 3.5 million barrels to reach an all-time high above 507 million barrels.Oil prices have fallen almost 70% since June 2014 with global production outstripping demand.
  • Natural Gas futures extended a slump during noon trade in the domestic market on Thursday as investors and speculators remained jittery ahead of the weekly US storage data which may show a below average drop in US gas supplies signaling weak demand for the heating fuel in the world’s biggest gas consuming nation.US gas supplies probably fell by 125 billion cubic feet in the week ended February 19 2016 compared to 158 billion cubic feet in the prior week 220 billion cubic feet in the same week a year ago and a five-year average draw of around 137 billion cubic feet.
  • Gold futures struggled for direction in Europe trade on Thursday, swinging between small gains and losses as investors continued to monitor movements in oil and global equity markets.Gold for April delivery on the Comex division of the New York Mercantile Exchange dipped $1.60, or 0.13%, to trade at $1,237.50 a troy ounce by 09:50GMT, or 4:50AM ET.’

ECONOMY NEWS :

  • Interbank money market rates in China rose noticeably Thursday as small banks rushed to borrow money to meet liquidity demand from a hike in their required reserve ratio with the People’s Bank of China.Last week, the PBOC said that under its dynamic RRR system, banks would see on Thursday what is now a standard yearly adjustment to “normal” levels.
  • Prices for mansions in Houston’s swankiest neighbourhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in the oil bust. A fancy restaurant offers cut-price dinners.Twenty months into the worst oil price crash since the 1980s, well-heeled residents of the world’s oil capital are among the hardest hit largely because tanking energy firm shares make up much of oil and gas executives’ compensation.
  • A key measure of the market’s longer-term euro zone inflation expectations fell to a record low on Thursday in response to this week’s drop in oil prices.The five-year, five-year euro zone breakeven forward , which is closely watched by the European Central Bank and measures where markets expect inflation forecasts for 2026 to be at the start of 2021, hit a record low below 1.40 percent.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TARGET 12601290 SL 1210
  • SELL GOLD BELOW 1227 TAGRET 1207 1177 SL 1157

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.