21Mar
EURNZD

EUR/NZD – Forex News

– New Zealand GDP missed desires a week ago.

– The RBNZ will leave rates unaltered for a long time to come.

EUR/NZD Will Push Higher as RBNZ and ECB Monetary Policy Outlook Diverges

EUR/NZD is as of now moving toward its largest amount since mid-Decemberand is set to keep on making new highs in front of the RBNZ most recent fiscal approach declaration late Wednesday. The national bank is relied upon to leave all fiscal policysettings unaltered – loan cost at 1.75% – particularly after a week ago’s GDP figures missed market desires. The RBNZ is additionally anticipated that would change concentrate soon and hope to extend work and in addition holding expansion under control, which means an accommodative national bank will be relied upon to keep rates low for more.

The European Central Bank then again is as of now doing combating when it ought to at long last end its present security purchasing program (QE) and how and when it should begin raising rates. The most recent ‘ECB sources’ stories point to a national bank moving the level headed discussion to loan costs and far from QE with a rate-climb in mid-2019 now beginning to get evaluated into the market. While any rate climb is no less than one year away, any official timetable from the ECB on rate climbs will push the EUR higher with the single cash responsive to any ECB jabber.

While the EURNZD outline looks overbought on the stochastic pointer, a break over the March 8 high of 1.71320 will open the best approach to late the December 1 high of 1.74820.

EURNZD Price Chart Daily Time Frame (October 11, 2017 – March 21, 2018)

EUR/NZD

19Mar

Singapore stocks enter Monday afternoon exchanging on down ground; STI at 3,507.79

SINGAPORE stocks continued exchanging on Monday afternoon in a negative area with the Straits Times Index at 3,507.79, down 0.12 for each penny or 4.35 focuses on the day as at 1.01pm.

Against the benchmark’s level of 3,508.13 heading into the early afternoon break, the record was down insignificantly by 0.34 point. Washouts dwarfed gainers 217 to 116, or around two stocks down for each one up, after 891.7 million offers worth S$449.8 million changed hands.

Among the most vigorously exchanged by volume, Noble Group fell 19.0 for each penny or S$0.026 to S$0.111 with 20.7 million offers exchanged. Rowsley increased 2.5 for each penny or S$0.003 to S$0.124 with 19.5 million offers exchanged.

Dynamic record stocks included Singtel, down 0.3 for each penny or S$0.01 to S$3.48; and DBS Group Holdings, down 0.5 for each penny or S$0.14 to S$28.11.stock gain

Appointment of new Datapulse CEO postponed to March 19

SINGAPORE – Embattled plate drive creator Datapulse’s new CEO will join the organization later than anticipated.

The organization said that Wilson Teng Wai Leung will be selected official chief and CEO with impact from March 19, rather than March 8 as reported beforehand.

The mainboard-recorded organization’s board has been involved in a debate with prime supporter Ng Khim Guan’s family finished the obtaining of a Malaysian individual care item maker. Previous CEO Kee Swee Ann ended up having ties with the merchant in that arrangement, specialist Ang Kong Meng.

Mr Teng, 53, is VP of offers and business advancement at server farm specialist co-op iAdvantage, a unit of Hong Kong-recorded Sunevision Holdings.

His arrangement was declared in February weeks after Mr Kee quit suddenly.

Mr Kee was designated last December, yet left the organization on Feb 2, refering to “late occasions encompassing the organization”.

Then, Datapulse CFO Lee Kam Seng has been filling in as interval CEO.

Following Mr Teng’s arrangement, Mr Lee will give up his part as interval CEO, yet will stay as the CFO and friends secretary, Datapulse said in a trade documenting on Monday (March 19).

 

15Mar

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

15march1

                                                                                Comex Gold Signal

15march2

15march3

INTERNATIONAL COMEX NEWS

  • Gold prices held steady near one-week highs on Wednesday, after the release of mixed U.S. economic reports and as investors remained cautious after thesudden firing of U.S. Secretary of State Rex Tillerson. Comex gold futures were little changed at $1,323.3 a troy ounce by 08:45 a.m. ET (12:45 GMT). The U.S. Commerce Department reported on Wednesday that retail sales fell 0.1% in February, compared to expectations for a 0.3% rise.
  • After a brief initial reaction to the downside, West Texas Intermediate oil managed to rebound and head higher in North American trade on Wednesday, after data showing that oil supplies in the U.S. registered a larger-than-expected inventory build, while gas and distillate stockpiles both fell more than forecast. Crude oil for April delivery on the New York Mercantile Exchange fell 13 cents, or 0.43%, to trade at $60.97 a barrel by 10:34AM ET (14:34GMT) compared to $60.89 ahead of the report.
  • U.S. energy pipeline developers say they intend to pursue exemptions to the Trump Administration’s proposed steel tariffs, as concerns grow for those companies and from key exporters to the United States like South Korea. “We have a number of pipeline projects that would be impacted significantly by this cost increase,” said Adam Bedard, chief executive of Arb Midstream, an energy transportation and marketing company.

ECONOMY NEWS

  • The Indian central bank’s move to cut off a key form of trade finance in the aftermath of a multi-billion dollar fraud could both dent the rupee and sharply raise costs for many importers, bankers and traders said. The Reserve Bank of India announced late on Tuesday it was banning banks from issuing letters of undertaking, or LoUs, a form of credit guarantee often used between Indian banks and their offshore branches.
  • From BZW to BarCap, Barclays (L:BARC) bosses have spent more than three decades trying to make the British bank a profitable investment banking force, often frustrating its investors. Now Barclays Chief Executive Jes Staley is being given one more year to deliver on a promise to turn its investment bank into a profit engine able to weather downturns or face demands for a review of the business, shareholders told Reuters.
  • The European Union will try to secure an exemption from planned U.S. steel and aluminum tariffs, German Chancellor Angela Merkel said on Wednesday, adding that protectionism is not the right approach to international trade. Merkel, sworn in for a fourth term in office earlier on Wednesday, said she saw a “crisis of multilateralism” which the EU could best respond to by firstly putting on a united front, and secondly by talking to the United States.

15march4

 

 

8Mar

SGX’s February daily average most astounding since May 2013

The daily average normal estimation of securities exchanged on the Singapore Exchange (SGX) in February was S$1.7 billion, up 22 for each penny from a similar period a year sooner and the most elevated since May 2013.

In it most recent market insights report out on Thursday, the SGX likewise noted “great fundamental volumes crosswise over money related subsidiaries complex amid a customarily low movement Lunar New Year month”.

Stock exchanging represents the majority of the exchanged esteem, while organized warrants and Daily Leveraged Certificates (DLCs) make up a littler bit.

Contrasted and January, securities day by day normal esteem was up 29 for each penny in February.

Add up to securities showcase turnover remained at S$32.8 billion in February, up 16 for each penny from February 2017 and up 12 for every penny against January.

 

profit

The market turnover estimation of Exchange Traded Funds (ETFs) was S$344 million in February, up 44 for every penny from February 2017 and up 36 for each penny against January.

Market turnover estimation of organized warrants and DLCs was S$2.1 billion, up 78 for every penny from February 2017 and up 45 for each penny against January. DLCs were propelled in July 2017.

The aggregate market capitalisation estimation of the 746 organizations recorded on the SGX remained at S$1.1 trillion toward the finish of February.

There were no underlying open offerings in February.

There were 93 new bond postings in February which raised S$40.2 billion.

Add up to subsidiaries volume was 18.1 million, up 45 for every penny from February 2017 and unaltered from January.

7Mar

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

7march

                                                                       Comex Gold Signal

7march2

7march3

INTERNATIONAL COMEX NEWS

  • Gold prices extended gains on Tuesday, as the U.S. dollar pushed lower amid growing uncertainty over potential U.S. tariffs on steel and aluminum imports. Comex gold futures were up 0.81% at $1,333.6 a troy ounce by 08:30 a.m. ET (12:30 GMT). Investors remained cautious as U.S. President Donald Trump faced growing pressure to pull back from proposed steel and aluminium tariffs.
  • Crude oil prices rebounded on Tuesday, supported by news global oil demand should outpace production and as traders awaited this week’s U.S. supply data. The U.S. West Texas Intermediate crude April contract was up 20 cents or about 0.30% at $62.76 a barrel by 10:00 a.m. ET , the highest since February 28. Elsewhere, Brent oil for May delivery on the ICE Futures Exchange in London gained 25 cents or about 0.40% to $65.80 a barrel, also the highest since February 28.
  • Natural gas futures climbed to their highest level in around four weeks on Tuesday, boosted by forecasts for a bump in late-winter heating demand. Front-month U.S. natural gas futures tacked on 2.4 cents, or around 0.9%, to $2.728 per million British thermal units (btu) by 8:20AM ET (1320GMT). It rose to its best level since Feb. 7 at $2.735 earlier in the session. The commodity notched a small gain of around 0.3% on Monday, as updated weather forecasting models showed colder weather lingering over the eastern U.S. through mid-March.

ECONOMY NEWS

  • The Russian central bank will spend 56.9 billion rubles ($1 billion) on boosting financial strength of B&N Bank, a troubled lender it had to rescue last year, the central bank said on Tuesday. Banks’ financial health is on the radar as the central bank proceeds with its clean-up program. The central bank took over three major private lenders, Otkritie, B&N Bank and Promsvyazbank (PSB), in the space of a few months in 2017.
  • Hundreds of taxi drivers marched in central Athens on Tuesday to protest at what they called an “invasion” by Uber, and attacked passing cars they thought were being used by the ride-hailing service. The drivers say the services are taking their business. They have also accused the Greek government of holding up legislation to regulate booking apps such as Uber and the locally-developed app Beat. “We will not co-exist with them,” said Yorgos Souitsmes, one of the protesting drivers. “It’s a multinational that wants to steal the bread of Greeks
  • Mexico’s Economy Minister Ildefonso Guajardo on Tuesday ruled out talk of a bilateral trade treaty with the United States, saying the North American Free Trade Agreement, which is currently being renegotiated, must remain a threecountry accord. Guajardo also said in a local TV interview that if the U.S. government were to push ahead with metals tariffs that included Mexico, the country would be forced to respond with politically targeted tit-for-tat responses.

7march4

 

6Mar

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

6march1

                                                                                  Comex Gold Signal

6march2

6march3

INTERNATIONAL COMEX NEWS

  • Gold prices held steady near recent highs on Monday, as fears of a potential trade war and political uncertainty in Europe continued to support demand for safe-haven assets. Comex gold futures were little changed at $1,324.1 a troy ounce by 08:25 a.m. ET (12:25 GMT), the highest since February 27.
  • U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the country, once the world’s top oil importer, closer to self sufficiency, the International Energy Agency said on Monday. A landmark deal in 2017 between OPEC and other oil producers including Russia to curb output to reduce global oversupply materially improved the outlook for other producers as oil prices rose sharply throughout the year, the IEA said.
  • Japan’s aluminum industry wants the United States to scrap plans to impose tariffs on the metal since it would hurt business and raise volatility in the metal markets, causing increased uncertainty for future trade. U.S. President Donald Trump said last week that he would impose a 25 percent tariff on imported steel and a 10 percent levy on imported aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada.

ECONOMY NEWS

  • The Swiss government has amended its mandate for negotiating a new treaty with European Union authorities to explore having an arbitration panel settle some disputes over single market rules, it said on Monday. Brussels has put pressure on non-EU member Switzerland to sign a treaty that would see it adopt EU laws governing the single market as the price of enhanced access. At present a network of 120 bilateral accords governs economic ties.
  • U.S. President Donald Trump on Monday appeared to suggest that Canada and Mexico could win exemptions to his planned sweeping tariffs on steel and aluminum if the two countries sign a new NAFTA trade deal and take other steps. He made the comments as the United States, Canada and Mexico were wrapping up their latest round of talks on revamping the 1994 NAFTA deal, and as world shares dipped again, partly on concerns that Trump’s tariff plan could spark a global trade war.
  • Ministers from the United States, Canada and Mexico meet on Monday to wrap up the latest round of NAFTA talks under the shadow of U.S. President Donald Trump’s proposed steep tariffs on steel and aluminum imports. Trump is expected to finalize the tariffs – 25 percent on steel and 10 percent on aluminum – later in the week, posing a tough challenge for U.S. Trade Representative Robert Lighthizer, Canada’s Foreign Minister Chrystia Freeland and Mexican Economy Minister Ildefonso Guajardo.

6march4

 

5Mar

Singapore shares start afternoon exchanging on negative ground; STI at 3,453.22

SINGAPORE shares continued exchanging on Monday afternoon in a negative area with the Straits Times Index at 3,453.22, down 0.7 for every penny, or 25.98 focuses, on the day as at 1pm.

Washouts dwarfed gainers 261 to 115, or around nine down for each four up, with around 1.23 billion offers worth S$766.4 million altogether evolving hands.

sgx down

The most effectively exchanged counter was Infinio, which rose 0.1 Singapore penny to 0.9 Singapore penny with 33.5 million offers evolving hands. Different actives included Genting Singapore and QT Vascular.

Dynamic list stocks included DBS, down S$0.25 or 0.88 for each penny to S$28.16, and OCBC Bank, down one Singapore penny or 0.08 for each penny to S$13.05.

Most South-east Asian securities exchanges fell on Monday, as per Reuters’ detailing, following shortcoming in Asian and worldwide offers after US President Donald Trump’s vow a week ago to force levies on steel and aluminum imports started fears of a conceivable exchange war.

Tokyo’s Nikkei list closes almost five-month low

Tokyo’s benchmark Nikkei list hit a close to five-month low Monday because of a solid yen, with steelmakers and different exporters falling in the midst of waiting apprehensions of an exchange war.

The benchmark Nikkei 225 file slipped 0.66 for every penny or 139.55 focuses to 21,042.09, the most minimal since mid-October. The more extensive Topix file was down 0.79 for each penny or 13.55 focuses at 1,694.79.

Money Street stocks had completed for the most part higher on Friday as deal chasing in innovation shares balance stresses of an exchange war after US President Donald Trump pledged taxes on imported steel and aluminum and different merchandise.

“Be that as it may, advertise supposition stays delicate as offers in New York still can’t seem to demonstrate solid recuperation, while speculators are worried about a solid yen,” said Hikaru Sato, senior specialized expert at Daiwa Securities.

28Feb

Technical Analysis on EUR/USD

EUR/USD specialized foul Strategy: pending short at 1. 2277.

  • Euro drops through neckline support, indicating twofold top banana may be situated underneath 1. 26.
  • Selloff took after delicate German CPI, hawkish remarks from Fed’s Powell.
  • Searching should offer ahead a restorative ricochet for finer risk/reward parameters.

 

The euro takes a gander set on middle of the road deeper misfortunes against those us dollar after costs made a twofold Main The following the 1. 26 , capping An four-month uptrend. Those single coin punctured neckline backing after taking after frustrating German expansion information What’s more hawkish remarks from nourished seat jerome Powell.

Starting with here, An Every day close The following those 38. 2% Fibonacci retracement at 1. 2173 opens those entryway for a test of the 1. 2055-70 range (August 29 high, half level). Alternatively, move back over neckline support-turned-resistance, currently toward 1. 2277, opens the entryway a retest of previous pattern line backing at 1. 2385.

Costs would a touch as well near help should make for an alluring short exchange setup starting with An risk/reward point of view. For that done mind, a request need been set to offer EUR/USD In 1. 2277. Though triggered, those position will at first focus 1. 2173 Furthermore convey a stop-loss actuated looking into An Every day close over 1. 2329.

EUR/USD

28Feb

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

28feb1

                                                                               Comex Gold Signal

28feb2

28feb4

INTERNATIONAL COMEX NEWS

  • Gold prices moved lower on Tuesday, as comments by Federal Reserve Chairman Jerome Powell pushed the U.S. dollar higher despite the release of downbeat data on U.S. durable goods orders. Comex gold futures were down 0.13% at $1,331.9 a troy ounce by 08:35 a.m. ET (12:35 GMT). The greenback was boosted after Fed Chair Jerome Powell reiterated on Tuesday that the U.S. central bank would likely move forward with gradual increases in interest rates.
  • Crude oil prices slipped lower on Tuesday, ahead of this week’s U.S. supply reports but the commodity remained within close distance of recent mutli-week highs amid sustained optimism over the rebalancing of the market. The U.S. West Texas Intermediate crude April contract was down 18 cents or about 0.28% at $63.73 a barrel by 10:00 a.m. ET (14:00 GMT), just off Monday’s more three-week highs of $64.22.
  • Natural gas futures edged lower on Tuesday, retreating from the prior session’s two-week high amid speculation the end of the winter heating season will bring warmer temperatures throughout the U.S. and cut into demand for the fuel. Front-month U.S. natural gas futures shed 1.5 cents, or around 0.6%, to $2.671 per million British thermal units (btu) by 9:35AM ET (1435GMT). It rose to $2.723 in the last session, its best level since Feb. 9.

ECONOMY NEWS

  • Treasury 10-year yields at 3 percent may fail to entice Japanese investors unless the dollar starts to become more resilient, according to Sumitomo Mitsui Trust Asset Management Co. “Japanese investors were buying Treasuries when a rise in yields was pushing up the dollar, but that correlation started to break down in December,” said Hideaki Kuriki, Tokyo-based chief fund manager at the company that oversees the equivalent of $89 billion. Their appetite for U.S. bonds has now been limited, and local investors have been unwinding their positions as the dollar-yen’s outlook starts to deteriorate, he said.
  • Federal Reserve Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told U.S. lawmakers on Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts and government spending.
  • The Bank of Canada is on course to raise interest rates twice more this year as it aims to strike a balance between a stronger economy and a number of economic risks, including trade negotiations and new housing regulations, a Reuters poll found. The central bank has raised interest rates three times since last July, amid a robust job market and solid economic growth, but policymakers have said repeatedly they will be cautious in considering further hikes.

28feb3

28Feb

Singapore stock market open level on Wednesday; STI up 0.7%

SINGAPORE stocks opened level on Wednesday, with the Straits Times Index increasing 0.7 for every penny or 24.82 focuses to 3,565.21 as at 9am.

Overnight, Wall Street stocks staggered after congressional declaration from new Federal Reserve boss Jerome Powell resuscitated stresses over higher loan fees, AFP detailed. The Dow Jones Industrial Average fell 1.2 for each penny to complete at 25,410.03; the wide-based S&P 500 dropped 1.3 for every penny to end the day at 2,744.28, while the tech-rich Nasdaq Composite Index lost 1.2 for every penny to 7,330.35.

SGX

On the Singapore bourse, around 99.6 million offers worth S$332.2 million changed hands. Failures dwarfed gainers 77 to 49.

Dynamic stocks included LionGold, Singtel, and Golden Agri-Resources.

Jaya Holdings to delist from SGX on March 1

Jaya Holdings will be delisted from the Singapore Exchange (SGX) with impact from 9.00 am on Thursday, March 1.

Jaya, beforehand a seaward armada and shipyard proprietor, detailed this in a declaration to the SGX on Wednesday.

Jaya turned into a money organization after it sold its organizations for S$625 million of every 2014 to Mermaid Marine Australia. It went into a switch takeover consent to procure Heduru Moni in May 2016 out of an S$232.2 million all-share bargain, yet ended the arrangement after it neglected to get pre-freedom from SGX

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