Monthly Archives: May 2014

21May

IForex Market Trading Signals and News of 21st May 2014

TRADING TIPS

EUR/GBP
EUR/GBP was last at 0.8138, down 0.17% for the day after falling as low as 0.8120 earlier, the weakest level since early January 2013.The pair was likely to find support at 0.8120 and resistance at 0.8175.The annual rate of consumer inflation in the U.K. rose to 1.8%, up from 1.6% in March and ahead of expectations for 1.7%, the Office for National Statistics said.That means prices are rising faster than wage growth after data last week showed that average earnings rose by 1.7% in the three months to February, and by only 1.4% excluding bonuses.The rise in inflation was due in part to higher transport costs, the ONS said, as airlines pushed up ticket prices in time for the Easter holidays.On a month over month basis, consumer prices increased by 0.4% in April, compared to estimates for a 0.3% rise.

USD/JPY
USD/JPY was last down 0.12% to 101.36, not far from Monday’s low of 101.09, the weakest level since February 5.Investors remained cautious ahead of the minutes from the Federal Reserve’s latest monetary policy meeting on Wednesday, as they awaited insight on the central bank’s view of the economy.Recent U.S. economic reports indicating that the recovery remains uneven have weighed on U.S. Treasury yields, pressuring the dollar lower.Demand for the yen continued to be supported by expectations that the Bank of Japan will refrain from further stimulus measures in the near term.The BoJ was widely expected to keep monetary policy unchanged at the conclusion of its two-day meeting on Wednesday, after recent comments by Governor Haruhiko Kuroda indicated that the bank’s assessment of the economy remains upbeat.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6840- TG: 1.6860/ 1.6890 SL 1.6810
2. Sell GBP/USD Below 1.6795- TG: 1.6775/ 1.6745 SL 1.6825

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

 

 

20May
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 20th May 2014

MARKET UPDATES

  • CAPITAL markets doyen Eric Ang, will hand over the reins to his deputy Eng-Kwok Seat Moey come June 1, DBS Bank said Monday. Mr Ang, a career DBS banker of over 35 years and trailblazer of Singapore capital markets
  • Singapore on Monday opened an aquatic centre at its new S$1.3 billion (US$1.0 billion) sports hub and officials said the entire complex would be ready by late June despite teething problems. Lawrence Wong, Minister for Culture, Community and Youth, aid the sprawling complex will be opened in stages, with test events held in the coming weeks to help resolve operational problems.
  • SINGAPORE’S domestic wholesale trade fell 2.8 percent in the first quarter of 2014 compared to a year ago, data released by the Department of Statistics Singapore on Monday showed. The decrease was largely due to the petroleum and petroleum products as well as telecommunications and computers sectors, which registered declines of 7.6 per cent and 13.4 per cent in domestic sales.

STOCK RECOMMENDATION:

  • BUY COMFORTDELGRO LTD ABOVE 2.310 TG 2.350, 2.400, 2.460 SL 2.250

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

19May

Comex Commodity Trading Signals and Market News – 19th May 2014

INTERNATIONAL COMMODITY NEWS

• Better-than-expected data out of the U.S. housing sector sent gold prices falling on Friday as investors bet the Federal Reserve will continue to taper stimulus programs that have supported the yellow metal for years. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at 1,292.30 a troy ounce during U.S. trading, down 0.10%, up from a session low of $1,287.90 and off a high of $1,298.40.The June contract settled down 0.94% at $1,293.60 on Thursday.

Silver comex for July delivery was down 0.83% at $19.322 a troy ounce, while copper futures for July delivery were up 0.01% at $3.145 a pound.

Crude futures rose on Friday after U.S. housing data beat expectations, while concerns a deal to reopen Libyan oilfields will collapse also bolstered prices. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $102.07 a barrel during U.S. trading, up 0.56%. New York-traded oil futures hit a session low of $101.40 a barrel and a high of $102.23 a barrel. The June contract settled up 0.85% at $101.50 a barrel on Thursday.

• The ICE Futures Exchange in London, Brent oil futures for July delivery were up 0.55% and trading at US$109.69 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.62 a barrel.

Natural gas prices fell on Friday after updated weather-forecasting models called for mild temperatures across much of the U.S., which should curb demand for both heating and air conditioning. On the New York Mercantile Exchange,natural gas futures for delivery in June traded at $4.443 per million British thermal units during U.S. trading, down 0.59%. The commodity hit session high of $4.458 and a low of $4.418. The June contract settled up 2.34% on Thursday to end at $4.469 per million British thermal units.

Base metals were modestly firmer in early LME trading on Friday, with volumes relatively slight after an uptick in the Ukrainian tensions dampened potential risk appetite. The metals the copper price remains near the mid-week three-month highs of $6,940 – it was last at $6,884 per tonne, up $4 – though it would appear the test of $7,000 will be delayed for now. The nickel price, which fell some 10 percent at one stage on Thursday to two-week lows near $18,000, managed to climb above $19,000 once again. It was last at $19,113, up $363. Stocks increased 480 tonnes to 279,816 tonnes. In others, the aluminium price traded at $1,776.50, a 50-cent advance. Inventories fell by 9,500 tonnes to 5,264,450 tonnes. Tin eased $50 to $23,300 even as stocks declined 55 tonnes to 9,665. Zinc business at $2,061.75 was up $2.75, while the lead price at $2,122.50 was $8.50 lower.These metals saw stocks respectively decline 2,325 tonnes to 751,650 tonnes and 275 tonnes to 190,950 tonnes.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 109.69. If it sustain above the level of 109.84, it can touch the level of 110.34 & 111.04 respectively. If it breaks the level of 108.60, it can touch the level of 108.10, 107.40 respectively.

•BUY BRENTCRUDEOIL-NYMEX ABOVE 109.84 TGTS 110.34, 111.04 SL 109.24.
•SELL BRENTCRUDEOIL-NYMEX BELOW 108.60 TGTS 108.10, 107.40 SL 109.20.

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

19May
Forex Signals

IForex Market Trading Signals and News of 19th May 2014

TRADING TIPS

USD/CAD
GBP/USD hit 1.6841 during U.S. morning trade, the pair’s highest since May 14; the pair subsequently consolidated at 1.6832, rising 0.24%.Cable was likely to find support at 1.6733, Thursday’s low and resistance at 1.6902, the high of May 12.In a preliminary report, the University of Michigan said its consumer sentiment index fell to 81.8 in May, from a reading of 84.1 the previous month,compared to expectations for a rise to 84.5.Earlier Friday, official data showed that U.S. building permits rose 8% to 1.080 million units last month, from an upwardly revised 1.000 million in March. Analysts had expected building permits to rise to 1.010 million units in April.The report also showed that building starts rose to 1.072 million units in April, from 0.947 million in March, whose figure was revised up from a previously estimated 0.946 million. Analysts had expected building starts to rise to 0.980 million units last month.Meanwhile, the pound remained under pressure.

EUR/USD
EUR/USD down 0.01% to 1.3710.In a preliminary report, the University of Michigan said its consumer sentiment index fell to 81.8 in May, from a reading of 84.1 the previous month, compared to expectations for a rise to 84.5.Earlier Friday, official data showed that U.S. building permits rose 8% to 1.080 million units last month, from an upwardly revised 1.000 million in March. Analysts had expected building permits to rise to 1.010 million units in April.The report also showed that building starts rose to 1.072 million units in April, from 0.947 million in March, whose figure was revised up from a previously estimated 0.946 million. Analysts had expected building starts to rise to 0.980 million units last month.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6840- TG: 1.6860/ 1.6890 SL 1.6810
2. Sell GBP/USD Below 1.6795- TG: 1.6775/ 1.6745 SL 1.6825

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

19May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 19th May 2014

MARKET UPDATES

UNITED Overseas Bank (UOB) has become the first Asian member of Eurex Clearing, the clearing house for the Deutsche Borse group. This takes place as the German exchange operator makes a big push into Asia, and after the Monetary Authority of Singapore gave approval in 2012 for banks in Singapore to offer clearing services on the Eurex Exchange, the largest derivatives exchange in Europe.

MAPLETREE Investments Pte Ltd reported on Friday a net profit of S$859.4 million for the full year ended March 31, 2014, down 7.8 per cent from a year ago when earnings were lifted by disposal gains. The property group, whose assets include Vivo City in Singapore, said total revenue was S$548.6 million, compared to S$686.3 million for fiscal year 2013.

STATS ChipPAC Ltd extended its early Friday rally to hit 47 cents, up 22 per cent in the afternoon. it has received a non-binding expression of interest from a third party keen on buying all its shares.

STOCK RECOMMENDATION:

  • BUY CAPITAMALLS ASIA ABOVE 2.350 TG 2.390, 2.430, 2.480 SL 2.290

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

16May

Comex Commodity Trading Signals and Market News – 16th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices gained in Asia on Friday on physical demand and as the CME cut the amount of collateral required to trade the benchmark gold and silver futures contracts overnight. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,296.50 a troy ounce, up 0.22%, after hitting an overnight session low of $1,291.10 and off a high of $1,307.30.

Silver comex for July delivery was up 0.09% at $19.502 a troy ounce. Copper futures for July delivery were up 0.09% at $3.147 a pound.

Crude oil prices edged up in Asia Friday in thin trade supported by ongoing tensions in the Ukraine and the potential for shits in U.S. policy or deals with China on crude exports. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.62 a barrel, up 0.12%, after hitting an overnight session low of $101.28 a barrel and a high of $102.25 a barrel.

• The front-month June contract for Brent oil expired Thursday, rising 25 cents, or 0.2%, to $110.44 a barrel on the ICE Futures Europe exchange. Most of the volume in the Brent market has rolled forward into the July contract, which settled down 22 cents, or 0.2%, at $109.09 a barrel.

Natural gas prices shot up on Thursday after data revealed inventories rose more than expected though still small enough to allay supply concerns. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.456 per million British thermal units during U.S. trading, up 2.03%. The commodity hit session high of $4.508 and a low of $4.327. The June contract settled up 0.21% on Wednesday to end at $4.367 per million British thermal units.

• The nickel price was hammered by waves of technically triggered long liquidation during active Thursday LME premarket trading – the downside correction that started yesterday accelerated. the copper price was trading at an unchanged $6,920 per tonne, having touched $6,940 on Wednesday. Attention was on nearby spread tightness, with ‘Tom/next’ (tomorrow/next day) trading at $2.00 backwardation and May/June at $15 premium. Warehouse stocks notched up their 17th successive daily fall – down a net 6,400 tonnes at 191,075 tonnes, the lowest since September 2008.The aluminium price traded at $1,803, a $5.50 loss – stocks were down 8,175 tonnes at 5,273,950 tonnes, a two-month low. Zinc at $2,080 was $23 lower while inventories fell 1,350 tonnes to 753,975 tonnes, the lowest since early March. Lead business at $2,145 was down $13 – stocks declined 950 tonnes to 191,225 tonnes, the lowest since September 2013. The tin price was $100 lower at $23,300, with a 100-tonne jump in stocks to 9,720 tonnes, the highest since April 1.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1462.25. If it sustain above the level of 1470, it can touch the level of 1478 & 1488 respectively. If it breaks the level of 1451, it can touch the level of 1443, 1433 respectively.

•BUY PLATINUM-COMEX ABOVE 1470 TGTS 1478, 1488 SL 1455.
•SELL PLATINUM-COMEX BELOW 1451 TGTS 1443, 1433 SL 1466.

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

16May
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 16th May 2014

MARKET UPDATES

•retail sales slipped 3.9 per cent year-on-year in March, according to data from the Department of Statistics.However, stripping out the sales of motor vehicles – which were down 19.3 percent from March 2013 – sales still experienced a slight contraction, edging down 0.4 per cent.

•SINGAPORE’S Temasek on Thursday confirmed its investment in Virgin Mobile Latin America (VMLA). Temasek said on its website that the equity will help launch the Virgin Mobile brand in Mexico in 2014 and Brazil in 2015.

•OFFSHORE marine solutions provider Vallianz received a letter of award (LOA) for the provision of charter and ship management services worth US$82 million to a major offshore onstruction company for work in Latin America.

•SOUTH Korean shipping group, Pan Ocean Co Ltd, reported on Thursday that it has returned to the black for the first quarter ended March 31, 2014 after a painful “debt rehabilitation” process. Net profit was at US$33.81 million compared to a net loss of US$66.95 million a year ago.

STOCK RECOMMENDATION:

•BUY COMFORTDELGRO LTD ABOVE 2.270 TG 2.310, 2.350, 2.400 SL 2.210

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

15May

Comex Commodity Trading Signals and Market News – 15th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices held steady to higher in Asia on Thursday with support from events in the Ukraine underpinning demand. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,306.10 a troy ounce, up 0.02%, after hitting an overnight session low of $1,291.70 and off a high of $1,309.10.

Silver comex for July delivery rose 0.14% at $19.803 a troy ounce. Copper futures for July delivery gained 0.07% at $3.158 a pound.

Crude oil prices fell in Asia Thursday on profit taking after strong overnight gains. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $102.03 a barrel, down 0.34%, after hitting an overnight session low of $101.82 a barrel and a high of $102.64 a barrel.

Brent oil on ICE Futures Europe settled up 88 cents, or 0.8%, to $110.41 a barrel.

Natural gas prices dipped on Wednesday as investors jumped to the sidelines to await the release of Thursday’s weekly supply report. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.347 per million British thermal units during U.S. trading, down 0.26%. The commodity hit session high of $4.403 and a low of $4.340. The June contract settled down 1.71% on Tuesday to end at $4.358 per million British thermal units.

• The copper price broke decisively higher during Wednesday’s LME premarket, with the fundamentally tight market setting the tone throughout the complex as sentiment moved up a notch from the previous session. Prices rose as high as $6,922 as buy- stops were triggered and then settled at $6,916 per tonne, a $71 advance from the Tuesday close. The nickel reverted back below $21,000 to trade at $20,690, down $309 in a correction from the previous day’s 27-month high of $21,625. Warehouse stocks were down 126 tonnes at 278,868 tonnes. The aluminium price was $8 higher at $1,789, while inventories fell 7,475 tonnes to 5,282,525 tonnes, the lowest since mid-March. Zinc business at $2,085 was $22 higher inventories fell 2,650 tonnes to a two-month low of 755,325 tonnes. The lead price gained $14 at $2,136 after stocks dropped 1,500 tonnes to 192,175 tonnes. Tin at $23,425 was up $90 and close to three-week highs – inventories were flat at 9,620 tonnes.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 102.06. If it sustain above the level of 102.18, it can touch the level of 102.68 & 103.34 respectively. If it breaks the level of 100.62, it can touch the level of 100.12, 99.47 respectively.

•BUY WTICRUDEOIL-NYMEX ABOVE 102.18 TGTS 102.68, 103.34 SL 101.58.
•SELL WTICRUDEOIL-NYMEX BELOW 100.62 TGTS 100.12, 99.47 SL 101.22.

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

15May
forex-trading3

IForex Market Trading Signals and News of 15th May 2014

TRADING TIPS

EUR/GBP
EUR/USD was trading at 1.3721, up 0.15% for the day after falling to lows of 1.3688 late Tuesday, the weakest since April 4.The pair is likely to find support at 1.3688 and resistance at 1.3770, Tuesday’s high.The euro has come under heavy selling pressure in recent sessions after the European Central Bank indicated late last week that it could ease monetary policy as soon as its next meeting in June, to stop inflation in the euro zone from falling too low.The euro fell to session lows against the yen earlier Wednesday and weakened to a more than one-and-a-half year low against sterling following reports that the ECB is preparing to cut rates next month. Reuters reported that the ECB is preparing a “package of measures” including cuts to all interest rates, with negative rates on bank deposits, as well as measures to bolster lending to small and medium size businesses.The report cam

GBP/USD
GBP/USD hit lows of 1.6760, the weakest since April 16 and was last trading at 1.6785, down 0.23% for the day.Cable was likely to find support at 1.6600 and resistance at 1.6881.In its quarterly Inflation Report the BoE said it now expects economic growth of 2.9% in 2015, up from 2.7% in its February report, and said the rate of growth this year would remain unchanged at 3.4%.The bank said it expects annual inflation to be close to its 2% target over the next two to three years if interest rates in the U.K. rise in line with expectations in financial markets.The BoE’s Monetary Policy Committee said there has been a “modest narrowing” in the amount of slack in the economy over the past three months but added that there is scope to further reduce slack before hiking rates.

RECOMMENDATION:
1. Buy GBP/USD Above 1.6790- TG: 1.6710/ 1.6740 SL 1.6765
2. Sell GBP/USD Below 1.6750- TG: 1.6730/ 1.6700 SL 1.6780

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

15May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 15th May 2014

MARKET UPDATES

  • MAINBOARD-listed Technics Oil and Gas and its Middle East Consortium partner have received a letter of award to set up a gas processing facility in South Asia worth S$166 million. The contract is for two years of operations and maintenance where the terms and conditions have yet to be finalized.
  • SHARES of ComfortDelgro surged more than six percent on Wednesday after the transport operator posted a 9.7 per cent year-on-year rise in its first quarter net profit. ComfortDelgro shares opened at S$2.15 before climbing to S$2.26 each. They were trading at S$2.22, up 10 cents, or 4.72 per cent,
  • NEWLY-listed PACC Offshore Services Holdings Ltd (POSH) has won an US$80.5 million charter contract from Brazil’s national oil company Petrobas for a semi-submersible accommodation vessel (SSAV). Petrobras will charter the vessel named “POSH XANADU” for a year from December, and has an option to extend it by another year. If so, the total contract value will be more than US$144 million.

STOCK RECOMMENDATION:

  • BUY CAPITALAND LTD ABOVE 3.130 TG 3.180, 3.230, 3.300 SL 3.060

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

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