Sgx Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
Gold prices edged lower in listless trading on Wednesday ahead of a flurry of economic indicators due for release on Thursday. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,284.00 a troy ounce during U.S. trading, down 0.09%, up from a session low of $1,281.10 and off a high of $1,288.30.The December contract settled up 0.49% at $1,285.20 on Tuesday. Futures were likely to find support at $1,273.40 a troy ounce, Thursday’s low, and resistance at $1,291.90, Tuesday’s high.Gold has come under pressure recently on sentiments that the Federal Reserve remains on track to close up stimulus programs around October and begin raising interest rates in 2015.

TRADING STRATEGY :
BUY GOLD ABOVE 1287 TGT 1291,1296 SL 1282
SELL GOLD BELOW 1280 TGT 1276,1271 SL 1285

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Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :

GBP/USD hit 1.6575 during European morning trade, the session high; the pair subsequently consolidated at 1.6578, adding 0.17%.Cable was likely to find support at 1.6537, the session low and a five-month low and resistance at 1.6599, the high of August 25.The dollar found support on Tuesday after the Conference Board said its index of consumer confidence rose to 92.4 this month, the highest since October 2007, from a reading of 90.3 in July.The data fuelled further optimism over the strength of the U.S. economic recovery.Last week, Federal Reserve Chair Janet Yellen said at Jackson Hole that the U.S. economy is recovering and added the labor market is improving as well.

 

INTRADAY OUTLOOK

Support: 1.3132

Resistance: 1.3200

RECOMMENDATION:

1. Buy EUR/USD Above 1.3203 -TG:1.3223/1.3253 SL 1.3173

2. Sell EUR/USD Below 1.3129-TG: 1.3109/1.3089 SL 1.3159

INTRADAY OUTLOOK

Immediate Support:1.6517

Immediate Resistance:1.6603

RECOMMENDATION:

1. Buy GBP/USD Above 1.6605 -TG: 1.6625/1.6655 SL 1.6575

 

2. Sell GBP/USD Below 1.6515- TG:1.6495/1.6465 SL 1.6545

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Sgx Stock Recommendations : Epic Research Singapore

MARKET UPDATES :
Mainboard-listed tourism operator Straco Corporation could be getting ready to announce its acquisition of the Singapore Flyer, The Business Times understands. The firm was among the frontrunners to buy the iconic Ferris wheel by the Esplanade. Straco currently runs two aquariums and a mountain cable car service in China. Its shares have surged 157 per cent from a year ago. Straco last closed at 82 cents, near a historical high.

 

 

STOCK RECOMMENDATION :
BUY DBS GROUP HOLDING ABOVE 18.000 TG 18.100, 18.220, 18.350 SL 17.870

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S&P Market News Update : Epic Research Singapore

The U.S. stock market finished roughly flat on Wednesday, with the S&P 500 staying around 2,000 a day after it closed over that milestone for the first time.

 

The S&P 500 SPX, +0.00% edged up 0.10 point to 2,000.12 for its 31st record close this year. 

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Forex Market Update : Epic Research Singapore

The New Zealand dollar NZDUSD, +0.20%  rose to 83.78 cents Wednesday from 83.38 cents late Tuesday. The gains began after 

The dollar traded at 103.85 against the yen, down from ¥104.10 late Tuesday.

The pound GBPUSD, +0.13%  climbed against the dollar Wednesday after two days of declines, trading at $1.6600, from $1.6544 late Tuesday.

The ICE U.S. Dollar index DXY, -0.16%  , a measure of the greenback’s strength against a basket of six currencies, fell to 82.5270 Wednesday, from 82.6600 late Tuesday.

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Forex Market Update : Epic Research Singapore

The euro is recovering from declines against the dollar Wednesday after hitting a fresh 2014 low against the dollar late Tuesday.

The euro EURUSD, +0.15%   traded at $1.3181 Wednesday morning, up from a low of $1.3151 reached around 8:30 p.m. Tuesday. 

The euro has been declining against the dollar since March, when it reached $1.3928, its peak for 2014.

The shared currency EURJPY, +0.02%   fell to 136.95 yen Wednesday, from ¥137.09 Tuesday night.

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Comex Market Update : Epic Research Singapore

Natural gas for September delivery NGU14, +1.61%  rose nearly 5 cents, or 1.2%, to end at $3.9570 per million British thermal units.

Gasoline blendstock for September RBU4, -0.01%  lost nearly 2 cents, or 0.6%, to settle at $2.7459 a gallon. September heating oil HOU4, +0.02%  gained 1.63 cents, or 0.6%, to end at $2.8605 a gallon on Nymex.

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Comex Market Update : Epic Research Singapore

Crude-oil futures ended slightly higher Wednesday, with the weekly U.S. supply report showing a decline in stockpiles that was marginally below expectations.

Crude futures for delivery in October CLV4, -0.13%  rose 2 cents, less than 0.1%, to settle at $93.88 a barrel on the New York Mercantile Exchange. Futures are up for two straight sessions.

October Brent crude on London’s ICE Futures exchange LCOV4, -0.05%  rose 22 cents, or 0.2%, to end at $102.72 a barrel.

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Comex Market Update : Epic Research Singapore

October platinum PLV4, +0.15%  rose $1.20, or 0.1%, to $1,419.90 an ounce, while September palladium PAU4, -0.09%  rose $5.20, or 0.6%, to $893.90 an ounce. 

High-grade copper for September delivery HGU4, -0.13%  declined less than a penny at $3.18 a pound.

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Commodity Market Update : Epic Research Singapore

Gold finished slightly lower on Wednesday as the focus remained on stocks in the wake of the S&P 500’s first-ever close above 2,000.

Gold for December delivery GCZ4, +0.24%  settled down $1.80, or 0.1%, at $1,283.40 an ounce on the Comex division of the New York Mercantile Exchange. 

September silver SIU4, +0.44%  finished up nearly 2 cents, or 0.1%, at just below $19.41 an ounce.

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