26Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.02 points or 0.17% higher to 2874.59, taking the year-to-date performance to 0.28%.
  • The top active stocks today were UOB, which gained 1.12%, OCBC Bank, which gained 0.46%, Singtel, which gained 0.71%, DBS, which gained 0.39% and ComfortDelGro, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.55%, while the FTSE ST Small Cap Index declined 0.33%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 0.55%.
  • Thetwo biggest stocks of the Index – Singtel and StarHub – ended 0.71% higher and 1.60% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.17%. Silverlake Axis shares
    declined 1.68% and CSE Global declined 3.33%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:DBXT MSCI Asia Ex Japan ETF (-0.91%) ,STI ETF (unchanged) ,SPDR Gold Shares (-0.97%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (-0.81%) ,CapitaLand Mall Trust (+0.46%) ,Fortune REIT HKD (+1.43%).
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (-2.63%) ,HSI22800VTeCW160929 (unchanged) ,HSI23000MBeCW160929 (-4.12%).
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (unchanged) ,UOB MB eCW170201 (+8.33%) ,DBS MB ePW170201 (-1.01%).

STOCK RECOMMENDATION :

  • BUY VIBRANT GROUP ABOVE 0.405 TGT 0.425 0.440 SL 0.390.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

 

26Aug
forex text and business graph 3d rendered

IForex Market Trading Signals and News – 26 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – EUR/USD moderately higher despite weak Ifo data.
  • Forex – Aussie, kiwi move higher ahead of Yellen speech.
  • Forex – Yen trends weaker after corporate services, PBOC jawbones banks.

EUR/USD

The euro was moderately higher against the U.S. dollar on Thursday, despite the release of downbeat data from Germany, as sentiment on the greenback remained fragile ahead of a speech by Federal Reserve Chair Janet Yellen due on Friday.EUR/USD hit 1.1280 during European morning trade, the session high; the pair subsequently consolidated at 1.1272, up 0.08%.The pair was likely to find support at 1.1239, the low of August 17 and resistance at 1.1316, Wednesday’s high.Data earlier showed that the German Ifo Business Climate Index fell to 106.2 this month from a reading of 108.3 in July, missing forecasts for a rise to 108.5.

GBP/USD

GBP/USD is currently trading with a bearish bias. Yesterday, the pair traded short as previously forecasted but is yet to reach our target support level 1.3134. During this intraday, we expect a possible bearish price movements towards our previously set target o even lower. The current upward rally is a mere retracement and should not go beyond 1.3230, a clear breakout above this level may invalidate the anticipated downward rally. This pair should be traded alongside GBPCAD, GBP/NZD and GBP/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 1.3245 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.

26Aug
comex

Comex Trading Signals and Market News – 26 August 2016

INTERNATIONAL COMMODITY NEWS

  • Gold prices drifted lower in early Asia on Thursday in cautious trade as investors await views from the U.S. Fed chief at the end of the week to set the tone on chances of a rate hike this year.Gold for December delivery on the Comex division of the New York Mercantile Exchange eased 0.06% to $1,328.95 a troy ounce, while silver futures fell 0.13% to $18.532 a troy ounce. Copper futures for September delivery on the Comex eased 0.05% to $2.079 a pound.
  • Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.Global crude oil benchmark Brent (LCOc1) was down 15 cents at $48.90 a barrel by 1043 GMT, having closed down 1.8 per cent on Wednesday. U.S. light crude oil (CLc1) was down 5 cents at $46.72 a barrel, after dropping 2.8 percent on  Wednesday.
  •  Copper futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions amid a rise in demand for industrial metal from major consuming industries.Also  the China leading index rose 0.7 per cent in July from June when it advanced 0.5 per cent.

ECONOMY NEWS

  • An unusually large group of Federal Reserve policymakers appeared before activists on Thursday and defended their plans to raise interest rates to keep the U.S. economy from eventually overheating.Several policymakers said raising interest rates gradually would allow them to stimulate the economy for longer, but that an overheating economy couldend in a recession.
  • A senior executive of South Korea’s Lotte Group has died, an official at the country’s fifth-largest family-run conglomerate told Reuters on Friday, amid a sweeping criminal probe into the business.The official, who declined to be named as he was not authorized to speak publicly on the matter, said a police investigation into the death of Lee In-won, a Lotte Group Vice Chairman, was underway. He did not elaborate.
  •  Investors trimmed risk assets before a gathering of central bankers on Friday, pulling $6.4 billion from U.S.-based stock  funds in a course-reversal during the week ended Aug. 24, data from Lipper showed on Thursday.The outflows, which  came a week after cash poured into stock funds for the first time in five weeks, are the last data showing U.S. fund investors’ behavior before Federal Reserve Chair Janet Yellen speaks at an annual central bankers’ conference in Jackson Hole, Wyoming.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1324 TARGET 1329 1335 SL BELOW 1319.
  • SELL GOLD BELOW 1321 TARGET 1316 1310 SL ABOVE 1326.

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

25Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 15.8 points or 0.55% higher to 2866.23, taking the year-to-date performance to –
    0.57%.
  • The top active stocks today were DBS, which gained 1.40%, CapitaLand, which gained 2.28%, UOB, which gained 1.07%,
    OCBC Bank, which gained 1.77% and Singtel, with a 0.47% advance.
  • The FTSE ST Mid Cap Index gained 0.31%, while the FTSE ST Small Cap Index rose 0.53%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.24%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources – ended 4.35% higher and 3.81% higher
    respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 1.30%. Wilmar International shares declined 0.32% and Thai Beverage declined 1.98%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:
    IS MSCI India (+0.55%) ,STI ETF (+0.69%) ,DBXT MSCI Indonesia ETF (+0.48%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:
    Ascendas REIT (+0.82%) ,CapitaLand Mall Trust (+0.46%) ,Mapletree Com Trust (-0.96%).
  • The most active index warrants by value today were:
    HSI23800UBeCW161229(-14.29%) HSI22400MBePW160929 (+10.00%) HSI23800MBeCW160929 (-20.64%).
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+16.51%) ,UOB MB eCW170201 (+10.53%) ,DBS MB ePW170201 (-12.39%).

STOCK RECOMMENDATION :

  • BUY SINO GRANDNESS ABOVE 0.565 TGT 0.595 0.625 SL 0.540.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

 

25Aug
forex2

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
Gold-AP

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 speculation 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
comex

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
index

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.

24Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 24 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 9.24 points or 0.33% higher to 2850.43, taking the year-to-date performance to –
    1.12%.
  • The top active stocks today were DBS, which gained 0.87%, Singtel, which gained 0.72%, CapitaLand, which declined 0.33%, UOB, which gained 0.51% and OCBC Bank, with a 0.24% advance.
  • The FTSE ST Mid Cap Index gained 0.14%, while the FTSE ST Small Cap Index declined 0.12%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.91%. The two biggest
    stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 2.36% higher and 0.22% higher
    respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 0.39%. Wilmar International shares declined 0.32%and Thai Beverage declined 0.98%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:IS MSCI India (+0.14%) ,DBXT MSCI Thailand TRN ETF (-1.36%) ,DBXT MSCI Taiwan ETF (-1.41%)
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (+1.24%) ,CapitaLand Commercial Trust (-1.28%) ,CapitaLand Mall Trust (+0.94%)
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (+0.76%) ,HSI22800VTeCW160929 (+3.73%) ,HSI22400MBePW160929 (-2.44%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+5.83%) ,DBS MB eCW170201 (+5.83%) ,DBS MB ePW170201 (-5.04%)

STOCK RECOMMENDATION :

  • BUY NEW SILKROUTES ABOVE 0.540 TGT 0.565 0.580 SL 0.515.
23Aug
forex text and business graph 3d rendered

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.

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