20Apr

Singapore shares open lower on Friday; STI down 0.5%

Singapore stocks opened 0.5 for every penny bring down on Friday, with the Straits Times Index dropping 19.57 focuses to 3,579.16 as at 9.05 am.

Around 75.3 million offers worth S$172.6 million altogether changed hands, which worked out to a normal unit cost of S$2.29 per share.

The most effectively exchanged counter is exchanging debutante SLB Development, which was level at S$0.25 with 17.99 million offers evolving hands. Different actives included Asian Healthcare Specialists, likewise influencing its exchanging to make a big appearance level at S$0.335 an offer and LifeBrandz, with 4.66 million offers exchanged at S$0.013 each.

Failures dwarfed gainers 96 to 49.

Overnight, Wall Street stocks withdrew on Thursday following blended corporate profit reports as a bounce in Treasury security yields restored stresses over higher loan costs.

Tokyo stocks likewise opened lower on Friday morning following the plunge on Wall Street

SGX

Fragrance  costs S$125m, 6.125% settled rate notes due 2021

Fragrance Group declared the evaluating of S$125 million, 6.125 for each penny settled rate notes due 2021, which will be issued under the organization’s S$1 billion multicurrency obligation issuance program.

To be issued in categories of S$250,000, the notes are required to be issued on Apr 26, 2018, and develop on Apr 26, 2021.

The organization said that net continues from the issue will go towards general corporate purposes, including financing speculations and general working capital.

Among others, Lim Wan Looi, the organization’s official executive and spouse of CEO Koh Wee Meng, has bought in for S$5 million in notes, adding up to 4 for every penny of the aggregate issuance.

Tan Su Lan, Mr Koh’s mom, has brought in for S$4 million worth or somewhere in the range of 3.2 for every penny.

Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited have been named as joint lead chiefs and book runners for the issue, while SAC Capital has been delegated as co-director of the notes.

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20Apr
AUD-USD

Forex Technical Analysis : AUD/USD

AUD/USD Technical Strategy: Flat

Australian Dollar rejected lower at two-month channel protection

Break of counter-slant line expected to affirm bearish resumption

Strategic long exchange ugly missing an obvious bullish flag

The Australian Dollar drew back from channel protection controlling it bring down since mid-February, with affirmation of down pattern resumption everything except secure. In any case, the close term arrangement of higher highs and lows stays in place, contending against accepting take after on soft spot for the present.

An every day close underneath incline line bolster – now at 0.7709 – opens the way to challenge the urgent 0.7625-53 group (38.2% Fibonacci extension, March 29 low, two-year drift line). On the other hand, push over the 0.7813-31 zone (April 19 high, 38.2% Fib retracement) uncovered the half boundary at 0.7889.

Costs are sitting decisively at prompt graph bolster, influencing a short position to seem ugly from a hazard/remunerate point of view. Then again, the easiest course of action keeps on pointing descending and missing indications of bottoming caution against taking up the long side, even strategically. Remaining level appears to be generally judicious.

AUD/USD

18Apr

Singapore stocks: STI resumes Wednesday evening at 3,545.92, up 1.4%

SINGAPORE stocks continued exchanging on Wednesday evening in positive domain, with the Straits Times Index rising 1.4 for every penny or 47.72 indicates on the day 3,545.92 as at 1.01pm.

Gainers dwarfed failures 180 to 150, or around six up for each five down, with 1.10 billion offers worth S$740.1 million altogether evolving hands.

For the second day in succession, the most effectively exchanged counter was Ezion, which fell S$0.023 to S$0.171 with 112.56 million offers evolving hands. Different actives included Magnus Energy, level at S$0.001 with 100.01 million offers exchanged and JEP, up by S$0.001 to S$0.064 with 17.54 million offers exchanged.

Dynamic list stocks included DBS Group Holdings, up 1.98 for every penny or S$0.57 to S$29.30; and CapitaLand, up 1.64 for each penny or S$0.06 to S$3.71.

Epic Research Singapore

Singapore hopes to support reciprocal ventures, exchange with Shandong

SINGAPORE and the eastern Chinese region of Shandong will investigate approaches to increment reciprocal ventures and exchange and speculation participation added to the Repertoire and Road Initiative at their yearly business committee meeting not long from now.

These were among zones of collaboration talked about by Senior Minister of State for Communications and Information and Health Chee Hong Tat, who co-seats the Singapore-Shandong Business Council, and Chinese authorities amid his visit to the region this week.

Mr Chee met the Shandong bad habit senator Ren Airong, his co-seat of the business chamber, on Monday at the common capital of Jinan.

On Tuesday, Mr Chee, who was joined by a designation of Singaporean business pioneers and authorities, went by the territory’s port city of Yantai where he met the city’s gathering secretary Zhang Shuping.

Amid their gatherings, Mr Chee and the Chinese authorities insisted the positive relations amongst Singapore and Shandong and examined approaches to additionally increment reciprocal ventures and exchange.

16Apr
forex

Today’s Forex Market Insight

INTERNATIONAL CURRENCY BUZZ
Forex -EUR/USD ends week higher, still unable to move away from 1.2300
Forex- GBP/USD tests 2018-high ahead of UK data-intensive calendar this week
Forex- EUR/GBP: Brexit trade talks to undermine the pound–Rabo bank
EUR/USD
The EUR/USD pair remained above 1.2300 on Friday and rose marginally. It found resistance at 1.2350 it was about to end the week with a gain of around 50 pips. The pair peaked on Wednesday at 1.2395 and then bounced to the downside following the release of the FOMC minutes. It continued to correct lower on Thursday weakened by the ECB minutes. The decline was capped by 1.2300 and then, euro rebounded modestly, rising to 1.2350. While the tone of the Fedwas seen as “hawkish”, the ECB offered no signals of potential talks about the exit strategy. On a wider perspective, EUR/USD continues to move around the 1.2300 area. Since February it is moving sideways without a clear direction. Last week it found support on an uptrend line from November lows. That line stands at 1.2250/60 at the moment, and a break lower could be seen as a bearish signal from a technical perspective.
EUR/USD
GBP/USD
The GBP/USD is trading at around 1.4253 up 0.17% on Friday. It is trading close to key resistance levels with the 200- period simple moving average on the weekly chart at 1.4245 and the 2018 high at 1.4346. Earlier on Friday, the pound tested levels not seen since January 25 (2018 high). In the absence of significant data from the UK, the pair is mainly driven by the general market sentiment, the speeches from Fed’s member in the US and the technical outlook. It will be a data- intensive calendar for the cable next week with the UK inflation, labor market and retail sales data. The data will be closely looked by investors as the Bank of England will be watching for clues to hike sooner rather than later. On the other side of the Atlantic, next week will see the US retail sales report for March, housing starts for March, building permits and a plethora of Fed’s members’ speeches.
GBP/USD
16Apr

Singapore stocks: STI resumes evening exchanging at 3,488.95, down 0.4% on Monday day

SINGAPORE stocks entered the evening exchanging session bring down on Monday, with the Straits Times Index shedding 12.35 focuses, or 0.4 for each penny to 3,488.95 as at 1pm.

Washouts dwarfed gainers 238 to 93, after around 792.9 million offers worth S$452.2 million changed hands.

The most effectively exchanged counters by volume were Rowsley which fell 17.4 for every penny, or 2.1 Singapore pennies to 10 Singapore pennies with 72 million offers exchanged; and mDR which was up 33.3 for every penny or 0.1 Singapore penny to 0.4 Singapore penny with 24 million offers exchanged.

Other dynamic file stocks included Genting Singapore which fell 0.8 for each penny to S$1.17, and Singtel which was down 0.3 for every penny to S$3.36.

 

tumblr_static_tumblr_static_b3olx13zmc08cko400w8g4gkw_640

Stocks to watch: UOB, Yanlord Land

SINGAPORE – The accompanying organizations saw new improvements that may influence exchanging of their offers on Monday (April 16):

Joined Overseas Bank (UOB): UOB has gone into a concurrence with Beijing-based budgetary innovation firm Pintec Technology Holdings to set up a joint wander organization, Avatec.ai. UOB will have a 60 for every penny stake in the joint wander, while Avatec will have an issued and paid-up capital of up to S$10 million and turn into a backup of UOB. Offers in UOB exchanged 1.11 for every penny, or S$0.31 higher to close at S$28.24 each on Friday.

Yanlord Land Group: Yanlord has commanded DBS Bank, The Hongkong and Shanghai Banking Corp and Standard Chartered Bank as joint worldwide organizers, bookrunners and lead directors to raise US dollar-designated senior notes, the property bunch declared on Monday. The advertising of the notes will occur in Singapore and Hong Kong. This will be Yanlord Land’s first obligation raise since S&P updated its FICO assessment by one indent to “BB” from “BB-” in March with a steady standpoint. The counter exchanged at S$1.76 on Friday, up 0.57 for every penny, or one Singapore penny.

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

 

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