Monthly Archives: May 2014

27May
sgx-asx-tse

Financial Sgx Singapore Stock Market Trading Picks And News – 27th May 2014

MARKET UPDATES

  • OSIM International Ltd said on Tuesday that The Wellness Group Pte Ltd and Manoj Mohan Murjani had on May 23, 2014 issued another Writ of Summons against the company and all of its directors for alleged defamation.
  • HOTEL Properties Limited’s founder Ong Beng Seng and Wheelock Properties, who are tying up to buy out the hotel company, have raised their offer again to S$4.05 a share. This is the second time the offer has been raised. The offer was improved to S$4 a share from S$3.50 previously.
  • BOUSTEAD Singapore’s net profit for the fourth quarter ended March 2014 fell 8 per cent to $25.5 million from a year ago, largely due to a lower value of non-recurring items. Revenue fell 3 per cent to $142 million from $146 million.
  • Fullerton Fund Management, the asset management unit of Singapore state investor Temasek Holdings (Private) Ltd, said it has been awarded a license that gives it more access to China’s mainland capital markets, joining international funds like BlackRock.

 

STOCK RECOMMENDATION

  • BUY DBS GROUP HOLDINGS LTD ABOVE 16.930 TG 17.000,17,200 SL 16.830

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

26May

Comex Commodity Trading Signals and Market News – 26th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices rose in U.S. trading on Friday after upbeat data on new home sales fueled demand for the dollar, which tends to trade inversely with the yellow metal. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at 1,291.60 a troy ounce during U.S. trading, down 0.26%, up from a session low of $1,287.10 and off a high of $1,295.70. The June contract settled up 0.54% at $1,295.00 on Thursday.

Silver comex for July delivery was down 0.60% at $19.403 a troy ounce, while copper futures for July delivery were up 0.65% at $3.162 a pound.

• The ICE Futures Exchange in London, Brent oil futures for July delivery were up 0.16% and trading at US$110.54 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$6.14 a barrel.

Base metals were either consolidating or trading sideways on Friday morning other than aluminium, which was close to one-month highs. He copper price rose $38 from Thursday’s close to $6,913 per tonne. Stocks fell for the 23rd consecutive day, down a net 1,500 tonnes at 1,758,500 tonnes. The aluminium price jumped to $1,824, up $28 and its highest since April 29 – it has recovered from yesterday’s drop close to two-and-a-half month lows of $1,775. Close to 9,000 lots have changed hands so far, outpacing all other contracts. The nickel price was down $128 at $19,647 after stocks climbed 732 tonnes to 280,404 tonnes. The tin price at $23,220 was up $30; stocks were unchanged. The backwardation in the cash/threes spread was last at $35, considerably lower above $100 at the start of the week. Lead rose $23 to $2,150 – there was no change in stocks – and zinc increased $16.50, with stocks and cancelled warrants both down 5,925 tonnes at 728,425 tonnes and 101,625 tonnes respectively.

• Better-than-expected data on U.S. home sales sent oil prices rising on Friday, a day after a solid report on existing home sales painted a picture of a U.S. economy that continues to recover and will demand more fuel and energy going forward. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $104.40 a barrel during U.S. trading, up 0.64%. New York- traded oil futures hit a session low of $103.64 a barrel and a high of $104.50 a barrel. The July contract settled down 0.32% at $103.74 a barrel on Thursday.

• Bargain hunters snapped up nicely-priced natural gas futures on Friday after Thursday’s weekly supply report sent prices down to levels ripe for bottom fishing. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.390 per million British thermal units during U.S. trading, up 0.70%. The commodity hit session high of $4.404 and a low of $4.360. The June contract settled down 2.55% on Thursday to end at $4.359 per million British thermal units.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1471.75. If it breaks the level of 1468, it can touch the level of 1460 & 1450 respectively. If it sustain above the level of 1482, it can touch the level of 1490, 1500 respectively.

  • SELL PLATINUM-COMEX BELOW 1468 TGTS 1460, 1450 SL 1480.
  • BUY PLATINUM-COMEX ABOVE 1482 TGTS 1490, 1500 SL 1470.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

26May
forex-trading3

IForex Market Trading Signals and News of 26 May 2014

TRADING TIPS

➔Forex – GBP/USD falls on upbeat U.S. new home sales numbers
➔Forex – EUR/USD falls on upbeat U.S. housing data
➔Forex – Dollar gains as U.S. new home sales beat expectations

EUR/USD

EUR/USD was down 0.19% at 1.3630, up from a session low of 1.3616 and off a high of 1.3688.The pair was likely to find support at 1.3483, the low from Feb. 6, and resistance at 1.3723, Wednesday’s high.The housing sector,which threw the U.S. economy into the worst downturn since the Great Depression and lagged on its recovery for years, is on the mend.The Census Bureau reported earlier that U.S. new home sales rose 6.4% to 433,000 units in April from 407,000 units in March, whose figure was revised up from a previously estimated 384,000. Analysts had expected new home sales to rise to 425,000 units last month.A day earlier, the National Association of Realtors reported that exis

GBP/USD

GBP/USD was trading at 1.6842, down 0.17%, up from a session low of 1.6830 and off a high of 1.6876.Cable was likely to find support at 1.6802, Tuesday’s low, and resistance at 1.6921, Wednesday’s high.The Census Bureau reported earlier that U.S. new home sales rose 6.4% to 433,000 units in April from 407,000 units in March, whose figure was revised up from a previously estimated 384,000. Analysts had expected new home sales to rise to 425,000 units last month.A day earlier, the National Association of Realtors reported that existing home sales increased 1.3% in April to an annual rate of 4.65 million units, and hopes that the U.S. housing sector is improving strengthened demand for the dollar on Friday.The pound, meanwhile, continued to come under pressure after data on Thursday confirmed that the U.K. economy grew 0.8% in the first quarter of the year from the previous quarter and 3.1% on year, disappointing some market expectations for upward revisions.

RECOMMENDATION:-

1. Buy GBP/USD Above 1.6860- TG: 1.6880/ 1.6910 SL 1.6828
2. Sell GBP/USD Below 1.6800- TG: 1.6780/ 1.6750 SL 1.6830

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

23May

Gold silver Comex Commodity Trading Signals and Market News – 23 May 2014

INTERNATIONAL COMMODITY NEWS

  • Gold eased in Asia on Friday with demand prospects from China and India in focus. A pickup in Chinese manufacturing in May though still below expansion territory – and a new government in India may bode well for demand from the world’s top two gold importers. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,294.30, down 0.05%, after hitting an overnight session low of $1,290.20 and off a high of $1,303.90.
  • Silver comex for July delivery was down 0.06% at $19.508 a troy ounce. Copper futures for July delivery were flat at at $3.139 a pound.
  • Crude oil prices eased slightly in Asia Friday with the market looking ahead on demand prospects in countries such as China adn India. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $103.67 a barrel, down 0.07%, after hitting an overnight session low of $103.68 a barrel and a high of $104.20 a barrel.
  • Brent crude on the ICE futures exchange fell 19 cents, or 0.2%, to $110.36 a barrel Thursday.
  • Natural gas prices fell on Thursday after a weekly U.S. supply report revealed that inventories rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.390 per million British thermal units during U.S. trading, down 1.87%. The commodity hit session high of $4.503 and a low of $4.372. The June contract settled down 1.74% on Wednesday to end at $4.473 per million British thermal units.
  • Base metals made gains on Thursday afternoon, with data from the US, China and Europe providing some lift to the complex into the LME close. Copper ended at $6,875 per tonne, up $44 on Thursday’s close, with stocks falling for the 22nd consecutive day, down 1,750 tonnes at 177,350 tonnes. Cancelled warrants rose 1,925 tonnes to 64,950 tonnes. Aluminium at $1,796 was up $29 at the close after a 9,475-tonne stock fall to 5,222,700 tonnes, while cancelled warrants climbed 12,150 tonnes to 2,866,575 tonnes. Nickel closed $275 higher at $19,775 and stocks declined 348 tonnes to 279,672 tonnes. Cancelled warrants however, jumped 3,648 tonnes mostly in Johor, where total cancellations now stand at 71,922 tonnes. Lead concluded at $2,137, an increase of $14 – stocks and inventories cancelled warrants both declined 100 tonnes – and zinc at $2,079 was $12 higher, with inventories falling a further 5,300 tonnes to 734,350 tonnes. Tin climbed $215 to end at $23,190 and steel was quoted at $400/410 – stocks and cancellations both fell another 65 tonnes to 8,190 tonnes and 3,900 tonnes respectively.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.374. If it breaks the level of 4.349 it can touch the level of 4.309 & 4.258 respectively. If it sustain above the level of 4.481, it can touch the level of 4.521, 4.572 respectively.
  • SELL NATURALGAS-NYMEX BELOW 4.349 TGTS 4.309, 4.258 SL 4.394.
  • BUY NATURALGAS-NYMEX ABOVE 4.481 TGTS 4.521, 4.572 SL 4.436.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

23May

IForex Market Trading Signals and News of 23 May 2014

TRADING TIPS

EUR/USD

EUR/USD was at 1.3670, 0.11% lower for the day, after falling as low as 1.3654 earlier, not far from the two-and- a-half month trough of 1.3633 reached on Wednesday The pair was likely to find support at 1.3654 and resistance at 1.3710.The euro backed off session lows after data released on Thursday showed that manufacturing activity in the region expanded at the slowest rate in six months in May, but the region’s service sector expanded at the fastest rate in almost three years.The euro zone flash manufacturing purchasing managers’ index slid to 52.5 this month, from 53.4 in April, Survey compiler Markit said, compared to expectations of 53.2.The bloc’s services PMI rose to a 35-s

USD/CAD

USD/CAD touched session highs of 1.0930 and was last at 1.0909, just 0.06% higher for the day.The pair was likely to find support at 1.0890 and resistance at 1.0940, Wednesday’s high.The pair had a muted reaction after the Labor Department reported that the number of people filing for initial jobless benefits last week increased by 28,000 to 326,000 from the previous week’s revised total of 298,000.Analysts had expected jobless claims to rise by 12,000 to 310,000.The report came after Wednesday’s minutes of the Federal Reserve’s April meeting indicated that the bank continues to see a slow improvement in the economy, but reiterated that rates are likely to remain on hold at record lows for some time after its asset purchase program ends.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6925- TG: 1.6945/ 1.6975 SL 1.6890

2. Sell GBP/USD Below 1.6850- TG: 1.6830/ 1.6800 SL 1.6880

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

23May
Stock Market

Financial Sgx Singapore Stock Market Trading Picks And News – 23 May 2014

MARKET UPDATES

  • DETERIORATING health is the top retirement  concern for Singapore investors, followed by  healthcare affordability, according to a latest survey  by Manulife. Close to three quarters of respondents  indicated their health would likely deteriorate after  they retire, while 55 per cent of them said  healthcare would become unaffordable.
  • OFFICIAL retirement ages across Asia, which range  between 55 and 65 years of age, are out-of-date  and need to be raised, say the majority of Asian  investors, according to Manulife’s new research  released on Thursday.
  • MANHATTAN Resources on Thursday announced  that it has entered into a conditional agreement to  acquire Singxin Resources for S$1 billion through an  issue of up to 1.37 billion new shares at S$0.73 a  piece.Manhattan Resources last traded at S$0.775  on Tuesday. The new shares will be paid to the  vendors: Kaiyi Investment, Mining Alliances, Low  Tuck Kwong and Asiaworld Capital.

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.250 TG  3.300, 3.350, 3.420 SL 3.180

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

22May

Comex Commodity Trading Signals and Market News – 22nd May 2014

INTERNATIONAL COMMODITY NEWS

  • Gold prices held stronger in Asia on Thursday in a rebound from overnight trade as China’s manufacturing sector showed a surpising burst of upward momentum. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,292.60 a troy ounce, up 0.35%, after hitting an overnight session low of $1,286.40 and off a high of $1,296.40.
  • Silver comex for July delivery was up 0.49% at $19.432 a troy ounce. Copper futures for July delivery were up 0.47% at $3.141 a pound.
  • Crude oil prices recovered in Asia Thursday after stronger manufacturing in key importer China in May. China’s HSBC May flash manufacturing PMI rose to 49.7, well above expectations of matching the April reading of 48.1. On the New York Mercantile Exchange,
  • West Texas Intermediate crude oil for delivery in July traded at $104.06 a barrel, bearly flat, after hitting an overnight session low of $102.58 a barrel and a high of $104.27 a barrel.
  • Brent crude futures on the ICE Futures Europe exchange rose 86 cents to $110.55 a barrel on Wednesday.
  • Natural gas prices fell on Wednesday after investors sold the commodity for profits and jumped to the sidelines to await the release of Thursday’s weekly U.S. inventory report. On the New York Mercantile Exchange, Natural gas futures for delivery in June traded at $4.489 per million British thermal units during U.S. trading, down 1.38%. The commodity hit session high of $4.575 and a low of $4.487. The June contract settled up 1.83% on Tuesday to end at $4.552 per million British thermal units.
  • Base metals traded mixed on Thursday Asian trade after the release of the FOMC meetings last night. The release of the Chinese PMI this morning came in a huge positive, driving copper higher. The optimistic data was much needed especially since a downgrade to the property sector in the country warns of more downside risk ahead. In the metals, copper is bid at $6,876, $45 up from Wednesday’s kerb close at $6,831 per tonne. In the forward spreads, the backwardation in cash/threes, which at the start of the month was around $70, has eased to $54 currently. Aluminium is $6 higher at $1,773 as stocks fell a net 9,775 tonnes to 5,232,175 tonnes, a one-month low. Cancelled warrants were down 11,625 tonnes at 2,854,425 tonnes. Nickel which finished at $19,500 yesterday, traded up $300 this morning to last at $19,800 although stocks increased 882 tonnes to 280,020 tonnes and cancelled warrants slipped 2,778 tonnes to 119,352 tonnes. Tin closed under $23,000 at $22,975 and this morning fell further to $22,950 per tonne – there was no change in stocks. Lead increased $7 to $2,130 after a 200-tonne reduction in stocks to 192,375 tonnes and zinc was $7 higher at $2,074 – stocks and cancelled warrants both fell 3,800 tonnes to 739,650 tonnes and 112,650 tonnes respectively.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 103.84. If it sustain above the level of 104.34, it can touch the level of 104.84 & 105.45 respectively. If it breaks the level of 103.03, it can touch the level of 102.53, 101.73 respectively.
  • BUY WTICRUDEOIL-NYMEX ABOVE 104.34 TGTS 104.84, 105.45 SL 103.74.
  • SELL WTICRUDEOIL-NYMEX BELOW 103.03 TGTS 102.53, 101.73 SL 103.63.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

22May

IForex Market Trading Signals and News of 22 May 2014

TRADING TIPS

GBP/USD

GBP/USD hit 1.6921, the highest since May 9 and was last up 0.42% to 1.6908.Cable was likely to find support at 1.6801, Tuesday’s low and resistance at 1.6973, the high of May 8 and an almost five year peak.U.K. retail sales jumped 1.3% in April, the Office of National Statistics said, more than double forecasts for a 0.5% increase, driven by higher food sales over the Easter holiday.On a year-over-year basis, retail sales climbed 6.9% in April, ahead of expectations for a 5.2% gain after rising by 4.8% in March.At the same time, the minutes of the BoE’s May meeting showed that the Monetary Policy Committee voted unanimously to leave interest rates on hold at record lows

USD/JPY

USD/JPY was down 0.25% to 101.07, after falling to lows of 100.83 earlier, the weakest level since February 5.The yen strengthened broadly after the BoJ said its stimulus program has been working as intended, and refrained from implementing additional easing measures at the conclusion of its two-day policy meeting on Wednesday.The central bank said the economy is showing signs of weathering the impact of a sales tax increase that came into effect on April 1 and pledged to continue to expand the monetary base at a pace of ¥60 trillion to ¥70 trillion per year.Investors were turning their attention to of the minutes from the Fed’s latest monetary policy meeting due out later Wednesday, for insight on the central bank’s view of the economy.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6925- TG: 1.6945/ 1.6975 SL 1.6890

2. Sell GBP/USD Below 1.6860- TG: 1.6840/ 1.6810 SL 1.6890

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

22May
Epic Research Singapore

Financial Sgx Singapore Stock Market Trading Picks And News – 22 May 2014

MARKET UPDATES

  • THE three large Asean economies of Indonesia, the  Philippines and Thailand, which are striving to shift  from significant commodity dependence to high  value-added exports, could do worse than to look at  Singapore and Malaysia’s experience, said ICAEW’s  latest Economic Insight report. For instance, in  2012, 33 per cent of Indonesian exports consisted  of fuels and related materials, and 12 per cent  consisted of animal and vegetable oils, fats and  waxes.
  • THE Singapore Institute of Manufacturing  Technology (SIMTech), a research institute of the Agency for Science, Technology and Research  (A*STAR), and the National University of Singapore  (NUS) Faculty of Engineering will be launching two  joint labs to boost R&D in manufacturing. The  research will focus on two areas, namely natural  fibre composites and large format machining, to  “move the local precision engineering industry into  high value-added manufacturing”,The SIMTech-NUS  joint labs aim to build capabilities and develop  technologies to help the complex equipment

STOCK RECOMMENDATION

  • BUY CAPITALAND LTD ABOVE 3.150 TG 3.200, 3.250, 3.320 SL 3.080

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

21May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 21st May 2014

MARKET UPDATES

  • Singapore’s Goodpack Ltd confirmed on Tuesday it is in discussions with KKR & Co about a possible buyout by the US private equity firm, the company said in a statement.The announcement follows reports on Monday that KKR was nearing the deal. If successful, the purchase of Goodpack would be KKR’s first purchase of a listed company from its latest Asia fund.
  • IE Singapore and the Nanjing Health Bureau plan to facilitate exchanges between Singapore and Nanjing’s public and private sectors to encourage collaboration in the healthcare sector. Both parties will identify and support a commercially-driven, demonstrative healthcare platform project spanning different sectors such as master-planning, smart healthcare solutions and healthcare and wellness services.
  • SHARES of Valuetronics extended gains on Tuesday. Phillip Capital on Tuesday initiated coverage on the integrated electronics manufacturing service provider, with a “buy” rating and a target price of 43 Singapore cents, representing a potential 28 per cent upside.

STOCK RECOMMENDATION:

  • BUY SMRT CORPORATION ABOVE 1.480  TG 1.520, 1.560, 1.620 SL 1.420

 

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.