25Aug
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IForex Market Trading Signals and News – 25 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie, kiwi fall vs. greenback after downbeat data.
  • Forex – Aussie, Kiwi slightly down in Asia after data sets, Yellen eyed.
  • Forex – Kiwi weaker as trade disappoints, Yellen remarks key this week.

EUR/USD

EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded long as previously forecasted but ended up forming a perfect pin bar on the daily chart. We expect this previous day’s candle to culminate into a bearish reversal. Thus, during this intraday, we anticipate a massive rally to the lower side and could close below 1.1222. This pair should be traded alongside NZD/USD, GBP/USD, and AUD/USD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD

GBP/USD is currently trading with a neutral bias to either sides of the market. Unless there is a clear breakout below 1.3176 or above 1.3205 we choose to remain flat for now.A clear breakout above 1.3205 will lead to a possible bullish price rally towards 1.3345 while a clear breakout below 1.3176 will culminate into a bearish price rally towards 1.3134. This pair should be traded alongside GBP/CHF, GBP/JPY, GBP/CAD and GBP/NZD.These pairs have a strong positive correlation of up to +0.90 and will have a similar price action duing this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3245 TGT 1.3265 1.3295 SL 1.3215.
  • SELL GBPUSD BELOW 1.3160 TGT 1.3140 1.3110 SL 1.3190.

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

25Aug

Comex Trading Signals and Market News – 25 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil prices fell on Wednesday on an unexpected increase in U.S. crude stocks that revived worries about the supply glut that has capped prices for the past two years.Global benchmark Brent crude (LCOc1) was down 52 cents, or one percent, at $49.44 a barrel at 1010 GMT, after touching an intraday low of $49.07.U.S. West Texas Intermediate (WTI) crude (CLc1) was down 80 cents, or 1.7 percent, at $47.30 a barrel.
  • Gold prices edged lower in European hours on Wednesday, holding in a familiar range with traders hesitant to make  big bets ahead of a highly anticipated speech fromFederal Reserve Chair Janet Yellen later this week.Gold for December delivery on the Comex division of the New York Mercantile Exchange dipped $5.65, or 0.42%, to trade at $1,340.45
    a troy ounce by 2:47AM ET (06:47GMT).
  • Copper futures were trading lower during the evening trade in the domestic market on Wednesday as investors cast  aside improved China data which showed a pickup in the world’s biggest economy.The China leading index rose 0.7 percent in July from June when it advanced 0.5 per cent.

ECONOMY NEWS

  • China’s central bank has urged banks to spread out the tenors of their loans, hinting at its displeasure with a recent trend of banks focusing on overnight lending, banking sources told Reuters on Thursday.The People’s Bank of China (PBOC) met with major banks on Wednesday to discuss management of liquidity in Chinese markets amid rising specu-
    lation over whether Beijing would continue its monetary policy easing or not, the sources said.
  •  South Korea’s finance minister said on Thursday the introduction of an anti-graft law and sluggish exports will constrain the economic recovery over the second half of this year.Speaking at a policy meeting in Seoul, the nation’s finance chief Yoo Il-ho said downside risks are growing for the economy, and added that the government will try to ease household debt by encouraging homebuyers to take amortized, fixed-rate loans.
  •  The dollar bobbed higher in Asian on Thursday but major currencies continued to tread water ahead of the global central bankers’ gathering in Jackson Hole, Wyoming, at which Federal Reserve Chair Janet Yellen may offer new clues on U.S. monetary policy.Futures markets on Wednesday were indicating an 18 percent chance the U.S. central bank would hike rates at its policy meeting next month, and roughly 50 percent odds of a rate increase in December, according to CME Group’s FedWatch tool.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1335 TARGET 1340 1346 SL BELOW 1330.
  • SELL GOLD BELOW 1332 TARGET 1327 1321 SL ABOVE 1337.

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

24Aug
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 24 August 2016

Malaysia Stock Market:

  • The FBM KLCI index lost 8.00 points or 0.47% on Tuesday. The Finance Index fell 0.01% to 14497.59 points, the Properties Index dropped 0.37% to 1188.99 points and the Plantation Index down 0.16% to 7846.08 points. The market traded within a range of 9.96 points between an intraday high of 1689.96 and a low of 1680.00 during the session.
  • Actively traded stocks include AAX, AAX-CU, IRIS, BORNOIL-WC, DNEX, M3TECH, AAX-WA, AAX-CV, BORNOIL and AEM. Trading volume decreased to 1835.90 mil shares worth RM1735.52 mil as compared to Monday’s 1853.97 mil shares worth RM1470.50 mil.
  • Leading Movers were KLCC (+7 sen to RM7.60), AMMB (+4 sen to RM4.46), MAXIS (+3 sen to RM6.30), TENAGA (+2 sen to RM14.82) and MISC (+1 sen to RM7.53). Lagging Movers were SIME (-34 sen to RM7.80), AXIATA (-12 sen to RM5.66), GENM (-9 sen to RM4.28), ASTRO (-6 sen to RM2.91) and SKPETRO (-2 sen to RM1.58). Market breadth was negative with 263 gainers as compared to 579 losers.
  • The KLCI halted its winning streak and closed lower at 1683.07 points amid overnight losses in Wall Street. The performance of our local bourse was bogged down by selling interest in heavy weights counters like Sime Darby, Axiata and Astro.

STOCK RECOMMENDATION :

  • BUY ORION ABOVE 0.255 TGT 0.270 0.285 SL 0.240.

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

 

 

24Aug

Comex Trading Signals and Market News – 24 August 2016

INTERNATIONAL COMMODITY NEWS

  • Nickel futures were trading lower during the evening trade in the domestic market on Tuesday as speculators cut down their bets led by fall in demand from alloy-makers at the domestic spot market amid tracking weak trend overseas.Further a drop in domestic demand for nickel was mainly in-line with a weak trend overseas as most industrial metals retreated following comments from a US Federal Reserve official which bolstered speculation that US borrowing costs will rise this year.
  •  Oil fell below $49 a barrel on Tuesday, giving up part of August’s strong rally, as signs of rising supply outweighed  hopes that producing nations will agree steps to support prices.A Nigerian militant group, which has claimed a wave of attacks on oil facilities, said at the weekend it was ready for a ceasefire and Iraq resumed pumping through a northern pipeline halted earlier this year.
  •  Gold prices struggled for direction in European trade on Tuesday, pausing after two days of declines, as markets looked ahead to a speech by Federal Reserve Chair Janet Yellen later this week that could shed light on the timing of a U.S interest rate hike.Gold for December delivery on the Comex division of the New York Mercantile Exchange dipped 25 cents, or 0.02%, to trade at $1,343.15 a troy ounce by 2:52AM ET (06:52GMT).

ECONOMY NEWS

  • Making money amid Mongolia’s deepening economic crisis, currency dealers thronging the black markets of Ulaanbaatar wave wads of American dollars and Chinese yuan, warning desperate customers that foreign banknotes are becoming scarcer by the day.The Naiman Sharga market, close to the Mongolian capital’s cluttered and impoverished “ger” or tent districts, has become a daily destination for residents panicked by a precipitous decline in the currency,the tugrik.
  •  World Bank President Jim Yong Kim on Tuesday formally launched a bid for a second five-year term as head of the multilateral development lender, whose board pledged an “open, merit-based, and transparent” selection process.Kim,a global public health expert and former Dartmouth College president, notified the board of his intention to continue in the bank’s top job after his current term ends on June 30, 2017, the bank said.
  •  The U.S. budget deficit is expected to grow to $590 billion in fiscal year 2016 due to slower than expected growth in revenues and higher spending for programs including Social Security and Medicare, the Congressional Budget Office said on Tuesday.The estimate, which is $56 billion larger than CBO’s forecast in March, shows the deficit increasing in relation to economic output for the first time since 2009. CBO said the deficit is expected to be $152 billion higher than
    in 2015 and will equal 3.2 percent of economic output.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1343 TARGET 1348 1354 SL BELOW 1338.
  • SELL GOLD BELOW 1338 TARGET 1333 1327 SL ABOVE 1343.

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

24Aug
idddndex

IForex Market Trading Signals and News – 24 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – EUR/USD trims gains after E.Z. PMI reports.
  • Forex – Aussie, kiwi move higher after Wheeler comments.
  • Forex – Kiwi gains further, yen Aussie also up as dollar dips in Asia.

EUR/USD

The euro trimmed gains against the U.S. dollar on Tuesday, after the release of mixed manufacturing and service sector activity data from the euro zone, although sentiment on the greenback remained fragile ahead of Friday’s speech by Federal Reserve Chair Janet Yellen.EUR/USD pulled back from 1.1355, the session high, to hit 1.1334 during European morning trade, still up 0.12%.The pair was likely to find support at 1.1268, Monday’s low and resistance at 1.1367, the high of August 18 and a nearly two-month high.Earlier Tuesday, research group Markit said Germany’s manufacturing purchasing managers’ index slipped to a two-month low of 53.6 in August from 53.8 the previous month, confounding expectations for a slip to 53.5.Germany’s services PMI fell to a 15-month low of 53.3 this month from 54.4 in July, compared to expectations for an unchanged reading.

GBP/USD

GBP/USD is currently trading with a bullish bias. Following the breakout above 1.3134, we remain long and expect a breakout above 1.3167 to culminate in to an new impulsive rally to the upper side. In the meantime, we wait for minor corrective rally to the lower side to give us low risk buy opportunities with a target at 1.3345. This pair should be traded alongside EUR/USD, NZD/USD, AUD/USD, EUR/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3210 TGT 1.3230 1.3260 SL 1.3180.
  • SELL GBPUSD BELOW 1.3130 TGT 1.3100 1.3070 SL 1.3160.

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

23Aug
klse

Financial Klse Malaysia Stock Market Trading Picks And News – 23 August 2016

Malaysia Stock Market:

  • The FBM KLCI index gained 3.39 points or 0.20% on Monday. The Finance Index increased 0.11% to 14498.7 points, the Properties Index up 0.17% to 1193.41 points and the Plantation Index down 0.04% to 7858.86 points. The market traded within a range of 8.48 points between an intraday high of 1691.07 and a low of 1682.59 during the session.
  • Actively traded stocks include DNEX, M3TECH, DBE, AAX, IRIS, VIVOCOM, DRBHCOMC20, AAX-CU, FGV-C15 and DNEX-WD. Trading volume decreased to 1853.97 mil shares worth RM1470.50 mil as compared to Friday’s 2201.27 mil shares worth RM1697.11 mil.
  • Leading Movers were ASTRO (+11 sen to RM2.97), YTL (+2 sen to RM1.70), WPRTS (+4 sen to RM4.35), AXIATA (+5 sen to RM5.78) and BAT (+40 sen to RM50.38). Lagging Movers were GENTING (-5 sen to RM8.15), PETDAG (-10 sen to RM23.40), KLK (-10 sen to RM23.54), RHBBANK (-1 sen to RM5.00) and KLCC (-1 sen to RM7.53). Market breadth was negative with 303 gainers as compared to 533 losers.
  • The KLCI started the week with a positive note, closed higher at 1691.07 points despite losses in Wall Street on last Friday. The performance of our local bourse was lifted by buying interest in heavy weight counters, led by ASTRO.

STOCK RECOMMENDATION :

  • BUY EATECH ABOVE 0.805 TGT 0.840 0.865 SL 0.765.

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.

 

 

23Aug
forex

IForex Market Trading Signals and News – 23 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie and kiwi move lower vs. stronger greenback.
  • Forex – Yen, Aussie fall further in Asia as Fischer views drive dollar.
  • Forex – Yen weaker in early Asia with focus this week on Yellen views.

EUR/USD

EUR/USD is currently trading with a bearish bias.Euro gapped down into our objective demand zone 1.1267-1.1276, unless there is a clear breakout below this zone, we expect a possible rebound from this zone to go long with an ideal target at 1.1312 or even higher. A clear breakout below 1.1267 will push the price further to the lower side but should not go beyond 1.1155. This pair should be traded alongside GBP/USD,AUD/USD, NZD/USD and EUR/HKD. These pairs have a strong positive correlation of up to +0.93 and will have a
similar price action during this intraday.

GBP/USD

GBPUSD is currently trading with a bearish bias. During the previous trading day on 19th August 2016 , our stop got hit when the price closed below $1.3115, following the breakout below $1.3077, we expect further movements to the lower side with our ideal target at $1.2997 or even lower. This pair should be traded alongside GBP/JPY, GBP/CHF, GBP/ CAD and GBP/NZD.These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3120 TGT 1.3140 1.3170 SL 1.3090.
  • SELL GBPUSD BELOW 1.3013 TGT 1.2993 1.263 SL 1.3043.

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

23Aug

Comex Trading Signals and Market News – 23 August 2016

INTERNATIONAL COMMODITY NEWS

  • Aluminium futures were trading lower during the noon trade in the domestic market on Monday as investors and speculators remained on the sidelines amidst muted physical demand for aluminium in the domestic spot market.Further sluggish demand for aluminium at the domestic spot market was on the back of trimming of bets by participants in the spot markets influenced aluminium prices at futures trade.
  • Gold prices were under pressure in European trade on Monday, falling to a two-week low as the U.S. dollar rallied amid
    indications the Federal Reserve could raise interest rates as early as next month.Gold for December delivery on the  Comex division of the New York Mercantile Exchange dropped to a session low of $1,335.40 a troy ounce, a level not
    seen since August 9.It was last at $1,337.35 by 2:46AM ET (06:46GMT), down $8.85, or 0.66%, after falling $11.00, or
    0.81%, on Friday.
  •  Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers added  rigs for an eighth consecutive week, and prospects emerged for increased exports from Iraq and Nigeria.Brent crude  futures (LCOc1) were trading at $49.39 per barrel at 1028 GMT, down $1.49 from their last close.U.S. West Texas Inter-
    mediate (WTI) crude (Clc1) was down $1.27 at $47.25 a barrel.

ECONOMY NEWS

  • Less than two months in office, Philippines President Rodrigo Duterte is getting high marks from the business community for policies that could engineer an economic surge and companies say they are making new investments as a result.While Duterte may be getting headlines for a bloody war against drug dealers and users, less attention has been paid to one of Asia’s few economic success stories.
  • The Bank of Japan’s near doubling of its purchases of Tokyo shares is causing investors to worry the central bank will
    dominate financial markets, which could lead to price distortions as it continues to grease the economy.The BOJ’s buying spree will make it harder for investors to sift good companies from bad, and raises a host of other problems including misallocating capital, making equities trading more speculative and reducing incentives for companies to meet shareholder needs, analysts say.
  •  The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable   inflation.But as the country’s central bankers converge for their annual symposium in Jackson Hole, Wyoming this week, they are under increasing pressure to reform their own system and goals to better reflect the diversity of America and its incomes.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1337 TARGET 1342 1348 SL BELOW 1332.
  • SELL GOLD BELOW 1331 TARGET 1326 1320 SL ABOVE 1336.

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

22Aug

Comex Trading Signals and Market News – 22 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil prices settled steady to higher on Friday, with U.S. crude posting its biggest weekly gain since March after surging nearly 25 percent in a little over two weeks, a rally analysts cautioned was not justified by fundamentals.Crude futures have risen almost $10 a barrel since early August on speculation that Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries will agree next month to a production freeze deal with non-OPEC producers led by Russia.
  •  Gold fell sharply amid a resurgent dollar, as investors await a highly-anticipated appearance from Janet Yellen at next  week’s monetary policy symposium in Jackson Hole for more clarity on the Federal Reserve’s uncertain interest rate outlook.On the Comex division of the New York Mercantile Exchange, Gold for December delivery traded between $1,342.05 and $1,357.80 an ounce before settling at $1,346.25, down 10.95 or 0.81% on the session.
  • Silver futures fell during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for silver as an alternative  asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS

  • The Bank of Japan will not rule out deepening a cut to negative rates it introduced in February, the Sankei newspaper  quoted Governor Haruhiko Kuroda as saying, even as the controversial policy has failed to spur inflation or economic growth.In an interview with the daily, Kuroda said the BOJ’s negative rate policy has not reached its limits.

 

  • The latest judicial probe into Monte dei Paschi di Siena (MI:BMPS) is a procedural necessity but it could still damage Italy’s third-largest bank as it seeks to solve its financial woes, the lender’s chief executive said on Friday.CEO Fabrizio Viola and former chairman Alessandro Profumo are under investigation for alleged false accounting and market manipulation in a case involving derivatives trades, Reuters reported on Thursday.
  •  British Prime Minister Theresa May will not begin formal divorce talks on leaving the European Union before the end of  the year, a government spokeswoman said on Friday.Bloomberg cited unidentified officials as saying that May is sympathetic to the case for acting by April at the latest.”We don’t recognize this briefing,” a Downing Street spokeswoman said when asked about the report.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1345 TGT 1352-1360 SL BELOW 1338
  • SELL GOLD BELOW 1335 TGT 1328-1322 SL ABOVE 1342

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

 

 

 

22Aug
forex

IForex Market Trading Signals and News – 22 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slides lower despite positive U.K. data.
  • Forex – Yen weaker in early Asia as markets eye Fed debate on rate hikes.
  • Forex – Dollar moves higher vs. rivals, bounces off 7-week trough.

EUR/USD
EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded long as previously forecasted but is yet to reach our target resistance level at 1.13866. Euro is still pretty much bullish on the daily chart and may head further to the upper side. We expect the current downward movement to be a mere corrective pullback and should not go beyond 1.13080 from where we’ll be looking for potential low risk buy opportunities. This pair be traded alongside EUR/JPY, GBP/USD, NZD/USD and AUD/USD. These pairs have a
strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

GBP/USD

The pound slid lower against the U.S. dollar on Friday, despite the release of positive data from the U.K., as Thursday’s upbeat U.S. economic reports continued to lend support to the greenback.GBP/USD hit 1.3112 during European morning trade, the session low; the pair subsequently consolidated at 1.3115, declining 0.43%.Cable was likely to find support at 1.2976, Wednesday’s low and resistance at 1.3449, the high of August 4.The U.K. Office for National Statistics said that public sector net borrowing declined by £1.47 billion in July, compared to expectations for a £1.20 billion fall.Public sector net borrowing in creased by £7.51 billion in June, whose figure was revised from a previously estimated £7.31 billion gain.But the dollar remained supported after data on Thursday showed that initial jobless claims decreased by 4,000 to 262,000 last week, compared to expectations for a 1,000 decline to 265,000.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3087 TGT 1.3107 1.3137 SL 1.3057
  • SELL GBPUSD BELOW 1.3048 TGT 1.3028 1.2998 SL 1.3078

 

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

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