SINGAPORE IFOREX UPDATE BY EPIC RESEARCH ON 08th AUG'2016

EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded perfectly

short as previously forecasted and even hit our first target at 1.1112. The daily candle is

still pretty much bearish and may push the price further to the lower side but should not

go beyond 1.1047. Thus, during this intraday, we wait for the current upward retracement

to reverse from 1.1159 from where we’ll be looking for low risk sell opportunities. This

view can only be invalidated in case the pair end up above 1.1159. This pair should be

traded alongside EUR/HKD, GBP/USD and EUR/SGD. These pairs have a strong positive correlation
GBP/USD is currently trading with a slight bullish bias. Unfortunately our SL was hit when
the price broke below 1.3280 and even went below 1.3145. The current chart setup and
structure conveys a bearish sentiment, which means the current upward rally is a mere
retracement and should not go beyond 1.3224 from where we’ll be looking for potential
low risk sell orders. This pair should be traded alongside GBP/CHF, GBP/JPY, GBP/NZD, and
GBP/CAD. These pairs have a strong positive correlation of up to +0.86 and will have a
similar price action during this intraday.

of up to +0.96 and will have a similar price action during this intraday.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

US Stocks update Stocks end mostly flat as investors brace for key jobs report

U.S. stocks relinquished modest gains to end mostly flat Thursday as investors awaited the closely watched jobs report due Friday. An earlier bounce for equities, following the Bank of England’s decision to cut its key interest rate for the first time in seven years faded as Wall Street wrestled with mixed economic reports.

The S&P 500 index closed virtually flat at 2,164.25, with the tech and materials the only two sectors finishing in positive territory.

The Dow Jones Industrial Average ended near break-even at 18,352.05, with the blue-chip benchmark limited by a 1% fall in shares of Walt Disney Co., offsetting a 1% gain in Visa Inc..

The Nasdaq Composite Index  closed up 6.51 points, or 0.1%, at 5,166.25.

Friday’s jobs report is likely to command more attention given the surprising readings from the two previous labor data, according to Bruce Bittles, chief investment strategist at RW Baird & Co. A Labor Department report for June showed that a surprisingly strong 287,000 were created, following employment data for May that revealed a paltry 11,000 were created.

Economists surveyed by FactSet are projecting the U.S. economy to have added 185,000 jobs in July.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

SINGAPORE I-FOREX UPDATE BY EPIC RESEARCH

EUR/USD is currently trading with a bullish bias. Yesterday, the pair traded perfectly long as

previously forecasted but is yet to reach our set target resistance level at 1.1239. The daily

candle is still pretty much bullish and will likely push the price further to the upper side.

Thus, during this intraday, we expect a possible bullish price rally towards 1.1239 or even

higher to 1.1264. This pair should be traded alongside EUR/JPY, AUD/USD, NZD/USD and

GBP/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar

price action during this intraday.




The pound slipped lower against the U.S. dollar on Wednesday, after data showed that

U.K. service sector activity contracted for the first time in more than three years and as investors

eyed the Bank of England’s policy meeting on Thursday.GBP/USD hit 1.3287 during

European morning trade, the session low; the pair subsequently consolidated at 1.3334,

edging down 0.17%.Cable was likely to find support at 1.3169, the low of August 2 and resistance

at 1.3480, the high of July 15.Research group Markit said its U.K. services purchasing

managers’ index dropped to 47.4 last month from a reading of 52.3 in June. It was

the lowest level since December 2012.The weak data added to expectations for a rate cut



by the BoE at its policy meeting on Thursday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks ended modestly lower Friday as a retreat in oil prices weighed on energy shares ahead of a meeting of major oil producers slated for Sunday.

But despite the daily drop, the three main indexes posted weekly gains, with the Dow Jones Industrial Average up 1.8% for its strongest weekly gain in a month. The S&P 500 and Nasdaq Composite also logged weekly gains.

Stocks found broad support this week from better-than-feared corporate earnings, which helped limit declines. .

The S&P 500 SPX, -0.10% saw a daily fall of 2.05 points, or 0.1%, to close at 2,080.73. The Nasdaq Composite COMP, -0.16% lost 7.67 points, or 0.2%, to end at 4,938.22.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

The S&P 500 retreated on Thursday to close in the negative territory for the year as investors shunned assets perceived as risky in favor of haven plays.

The S&P 500 SPX, -1.20% fell 24.75 points, or 1.2%, to close at 2,041.91 with all 10 sectors finishing lower. The large-cap index is now down 0.1% for the year.

The Dow Jones Industrial Average DJIA, -0.98% sank 174.09 points, or 1%, to finish at 17,541.96, led by a 3.1% drop in Goldman Sachs Group GS, -3.08% Despite the sharp losses, the Dow is still up 0.7% year to date. The Nasdaq Composite COMP, -1.47% declined 72.35 points, or 1.5%, to end at 4,848.37. The tech-heavy index is down 3.2% this year.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks eked out small gains Monday, allowing the S&P 500 and Dow industrials to extend their winning streak to five straight sessions, in part thanks to a jump in oil prices.

But the Nasdaq Composite finished lower, weighed by losses in formerly highflying technology stocks, such as Netflix Inc., Facebook Inc. and Alphabet Inc.

The S&P 500 index SPX, +0.09%  closed up 1.7 points, or less than 0.1% at 2,001.76, with six of its 10 main sectors finishing higher. However, large gains in the energy and materials sectors were offset by losses in technology and consumer stocks, capping the gains for the index.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks rallied to close higher Tuesday as investors scooped up bank and technology stocks, highlighting a renewed appetite for assets considered risky as oil stormed higher.

The S&P 500 SPX, +2.39%  advanced 46.12 points, or 2.4% to finish at 1,978.35, led by gains in financials, up 3.5%, and technology stocks, up 3.1%. Leaders on the S&P 500 included financial companies like Citigroup Inc. C, +6.23%  and Prudential Financial Inc. PRU, +6.39% tech companies Seagate Technology PLC STX, +5.96%  and Qorvo Inc. QRVO, +5.06%  and energy companies such as Range Resources Corp. RRC, +8.47% Chesapeake Energy Corp. CHK, +5.75%  and Anadarko Petroleum Corp. APC, +5.69%

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

Steep losses during the first four trading sessions of 2016 have marked the worst start to a new year for the S&P 500 and Dow Jones Industrial Average in history.

The S&P 500 SPX, -2.37%  lost 100 points, or 4.9% over the past four sessions, closing at 1,943.09 on Thursday, its lowest level since October. The index lost $864 billion of its value over the past four days, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks sold off on Thursday, pushing both the Dow industrials and the S&P 500 further into negative territory for the year, after the European Central Bank unveiled a smaller-than-expected expansion of its monetary stimulus program.

The S&P 500 SPX, -1.44% fell 29.88 points, or 1.4%, to 2,049.63, its biggest decline since Sept. 28. The benchmark index turned negative for the year. The Dow Jones Industrial Average DJIA, -1.42%  dropped 251.74 points, or 1.4%, to 17,477.67, further into negative territory for the year. The Nasdaq Composite COMP, -1.67% ended the session down 85.70 points, or 1.7%, to 5,037.53

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks finished slightly lower on Thursday, succumbing to weaker-than-expected readings on gross domestic product and pending home sales a day after the Federal Reserve signaled a December rate increase remains possible.

The S&P 500 SPX, -0.04%  finished basically flat, or less than 0.1% lower, at 2,089.41. Five of the S&P 500’s 10 main sectors closed in negative territory, while the energy and health-care sectors posted the strongest gains.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks ended Monday’s session mostly lower as renewed weakness in energy shares weighed on Wall Street.

The S&P 500 SPX, -0.19%  fell 3.97 points, or 0.2%, to settle at 2,071.18, with seven of its 10 main sectors closing lower. Energy shares led decliners following a drop in oil prices. The S&P energy sector slumped 2.5%. A tumble in share of Apple, Inc., which fell 3.2%, AAPL, -3.19% put pressure on the S&P 500 and led the Dow lower.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

The S&P 500 on Monday rose for a fifth session in a row, its longest winning streak this year, as a string of economic data appeared to push back the timing of a Federal Reserve rate hike to 2016.

The S&P 500 SPX, +1.83%  rose 35.69 points, or 1.8%, to 1,987.05, with all 10 sectors higher after health-care sector rebounded.

The Dow Jones Industrial Average DJIA, +1.85%  added 304.06 points, or 1.9%, to 16,776.43, with only Nike Inc. NKE, -0.75%  in the red.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks closed lower Thursday, logging a third straight day of declines, as investor confidence dwindled ahead of a speech by Federal Reserve Chairwoman Janet Yellen.

The S&P 500 index SPX, -0.34% fell 6.52 points, or 0.3%, to finish at 1,932.24, after being down as many as 30 points earlier in the session. Eight of the S&P 500’s sectors were in the red, led by a decline in the health care sector, which was down 1.2%.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks sank Friday, with the S&P 500 and the Dow Jones Industrial Average closing down for the week, as Federal Reserve’s decision to leave interest rates unchanged fueled fears about global economic growth.

The S&P 500 SPX, -1.62%  skidded 32.16 points, or 1.6%, to close at 1,958.08 for a weekly loss of 0.2%. All S&P 500 sectors finished lower, led by energy shares.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

U.S Market Update : Epic Research Singapore

U.S. stocks whipsawed throughout the day but closed lower on Thursday after the Federal Reserve left interest rates unchanged, and left investors uncertain about the timing of what would be the first rate hike in nearly a decade.

The S&P 500 SPX, -0.26%  rallied to 2,020 during Yellen’s news conference, but erased gains to close 5.11 points, or 0.3%, lower at 1,990.20. Six of the index’s 10 main sectors finished lower. Telecoms got hit, while utilities and health-care stocks led gains.

The regional bank sector didn’t take the news of no interest rate increase well. The SPDR S&P Regional Bank ETF KRE, -2.35%  flipped from a gain of about 0.5% to a loss of 2.4% after Federal Reserve said it was standing pat. Banks benefit from higher rates.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

The Dow Jones Industrial Average ended August with the steepest monthly loss in more than five years, while the benchmark S&P 500 and the Nasdaq Composite recorded the largest monthly declines since May 2012.

Trading on Wall Street was volatile Monday, while the implied volatility on the S&P 500, as measured by the CBOE Volatility index rose 9% to above 28.

The S&P 500 SPX, -0.84%  closed 16.69 points, or 0.8% lower at 1,972.18, recording a 6.3% drop over the month, the steepest since May 2012. The Nasdaq Composite COMP, -1.07%  ended the day down 51.82 points, or 1.1% at 4,776.51 and fell 6.9% over the month.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks wrapped up one of the most tumultuous weeks of trading in recent memory with modest weekly gains after closing little changed on Friday.

The main indexes spent most of Friday’s session diving in and out of negative territory, as investors seemed undecided on how to interpret comments from Federal Reserve officials, which followed the pattern of trading for the week.

The Dow Jones Industrial Average DJIA, -0.07%  which suffered a 1,000 point loss in a matter of minutes on Monday, traded in a 120-point range on Friday, and closed down 11.76 points, or less than 0.1% at 16,643.01. The blue-chip index gained 1.1% over the week.

The S&P 500 SPX, +0.06%  closed about a point higher at 1,988.87. Most of the gains came from a rally in the energy sector, thanks to a big jump in oil prices. The benchmark index recorded a 0.9% weekly gain.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks rallied to close near their intraday highs for a second straight session Thursday, as China showed signs that measures to stabilize its economy and stock market may be taking hold.

In afternoon trade, stocks made a dramatic turn lower but stormed back in the final hour of trading, repeating a pattern of roller-coaster activity that has come to be a trademark of the past several sessions.

The Dow Jones Industrial Average DJIA, +2.27%  rose 369.26 points, or 2.3%, to close at 16,654.77, with all 30 members of the blue-chip index trading higher. Earlier, the Dow was up by as many as 381 points.

The S&P 500 SPX, +2.43%  finished up 47.15 points, or 2.4% to 1,987.66, after posting a 49-point gain. All 10 of the index’s main sectors traded higher. The Nasdaq Composite COMP, +2.45%  climbed 115.17 points, or 2.5% at 4,812.71, after being up by as many as 121 points.

As a result, for the week, the Dow is up 1.2%, the S&P is 0.9% higher, and the Nasdaq is up 2.3%.

The implied volatility on the S&P 500—the so-called “fear index”—as measured by the CBOE Volatility Index VIX, -13.92% fell 14% to 26.10.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

U.S. stocks closed lower after a choppy session Tuesday as investors digested a mixed bag of quarterly results and an upbeat report on home construction in July.

The S&P 500 SPX, -0.26%  declined 5.52 points, or 0.3%, to close at 2,096.92. Nine of the broad index’s 10 main sectors posted modest losses, with the only the consumer discretionary sector managing to gain ground.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More

S&P Market News Update : Epic Research Singapore

Stocks closed sharply lower Tuesday as the Dow fell more than 200 points in the wake of a surprise devaluation of the yuan by China—the world’s second-largest economy.

China’s devaluation calls into question how the U.S. economy may fare as the Federal Reserve aims to start hiking interest rates for the first time since 2006 as signs of slowing growth abroad persists.

The S&P 500 SPX, -0.96% declined 20.11 points, or 1%, to close at 2,084.07, led by losses in the materials sector, down 1.9%. The Nasdaq Composite Index COMP, -1.27%  gave up 65.01 points, or 1.3%, to finish at 5,036.79.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Read More