Monthly Archives: May 2014

9May
forex-market-hours

IForex Market Trading Signals and News of 09th May 2014

TRADING TIPS

EUR/USD
EUR/USD slid 0.18% to 1.3887, after rising as high as 1.3994 earlier, the strongest level since October 2009.The pair was likely to find support at 1.3870 and resistance at 1.3875.The euro gave up gains after Draghi said the ECB governing council is comfortable with acting at its next meeting to stop euro area inflation from falling too low, but it wants to review new staff economic projections first.Draghi said that recent weakness in inflation has been due to food and energy prices, but the strong euro and weak domestic demand are also pushing down inflation. He reiterated that the ECB does not have a target for the euro exchange rate, but said that the bank would closely monitor exchange rate developments.

GBP/USD
GBP/USD was trading at 1.6965, not far from the peaks of 1.6993 reached on Tuesday, the strongest level since August 2009.Cable was likely to find support at 1.6925 and resistance at 1.7000.The BoE’s Monetary Policy Committee voted to keep interest rates on hold at their current record low of 0.5%. The bank also made no change in its quantitative easing program, which remains at £375 billion.The BoE will publish the minutes of this month’s meeting on Wednesday, May 21.Expectations for a U.K. rate hike in the early part of next year have propelled sterling to multi-year highs against the dollar, after a recent string of strong economic reports indicated that the recovery is deepening..

Early last week BoE Governor Mark Carney said the U.K. recovery is starting to broaden, but added that the bank still sees plenty of slack in the labor market.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.7005- TG: 1.7025/ 1.7055 SL 1.6975
2. Sell GBP/USD Below 1.6950- TG: 1.6930/ 1.6900 SL 1.6980

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

9May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 09th May 2014

MARKET UPDATES

[SINGAPORE] Singapore sovereign wealth fund GIC has bought a stake in Brazilian online sports goods retailer Netshoes in a further diversification of its vast global portfolio. GIC said in a statement that it led a new round of investment in Netshoes of US$170 million, along with other investors including Singapore state investment arm Temasek Holdings, Tiger Global Management, Iconiq Capital and Kaszek Ventures.

THE Ministry of Manpower (MOM) and CPF Board jointly announced on Thursday that the CPF Minimum Sum has been increased to S$155,000 to account for inflation.This will apply to CPF members who turn 55 between July 1 this year and June 30 next year.It will be set aside in their Retirement Account using savings from their Special, and then Ordinary Accounts.

CATALIST-LISTED Asia-Pacific Strategic Investments on late Wednesday posted a deeper net loss attributable to equity holders of RM2.5 million for the third quarter ended March 31, 2014, 36.5 per cent greater than the previous year’s net loss of RM1.83 million. Revenue fell 11.1 per cent to RM1.98 million, down from RM2.2 million a year ago.

STOCK RECOMMENDATION:

  • BUY CITY DEVELOPMENT LTD ABOVE 10.900 TG 11.000, 11.120, 11.250 SL 10.780.

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

8May

Comex Commodity Trading Signals and Market News – 08th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices posted a modest rebound in early Asia on Thursday with events in the Ukraine off the boil for now, but still closely watched. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,290.30 a troy ounce, up 0.11%, after hitting an overnight session low of $1,286.80 and off a high of $1,314.70.

Silver comex for July delivery was down 0.09% at $19.325 a troy ounce. Copper futures for July delivery were down 0.01% at $3.036 a pound.

Crude oil prices rose in Asia Thursday underpinned by a drop in U.S. stocks and ahead of China trade data expected to show weaker imports. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.83 a barrel, up 0.05%, after hitting an overnight session low of $99.62 a barrel and a high of $100.98 a barrel.

Brent crude on the ICE futures exchange rose $1.07, or 1%, to $108.13 a barrel on Wednesday.

Natural gas prices fell on Wednesday after investors locked in gains from a weather-fueled rally and sold the commodity for profits a day ahead of the U.S. weekly inventory report. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.746 per million British thermal units during U.S. trading, down 1.11%. The commodity hit session high of $4.825 and a low of $4.728. The June contract settled up 2.37% on Tuesday to end at $4.799 per million British thermal units.

Base metals prices were drifting sideways and lower in the LME premarket on Wednesday, with all bar nick rangebound in quiet conditions – just 5,700 lots of copper have changed hands on Select so far. The copper price slipped $38 from Tuesday’s close to $6,679 per tonne although stocks fell for the 11th consecutive day, down a net 8,475 tonnes at 216,950 tonnes. The nickel price continues to hold firm, peaking at $18,700 on supply concerns reflecting the Indonesian export ban. It was at $18,610, up $110. The aluminium price at $1,777 was down $7 although stocks declined 13,525 tonnes to 5,331,600 tonnes. Tin at $23,060 was $120 lower after inventories increased 170 tonnes to 9,705 tonnes.Lead was down $5 at $2,105 following a 225-tonne stock fall and Zinc slipped $4 to $2,049 – inventories fell 2,500 tonnes to 763,750 tonnes.

TRADING STRATEGY:

PLATINUM-COMEX has closed @ 1430.75. If it breaks the level of 1432, it can touch the level of 1425 & 1414 respectively. If it sustain above the level of 1443, it can touch the level of 1450, 1461 respectively.

1.SELL PLATINUM-COMEX BELOW 1432 TGTS 1425, 1414 SL 1448.
2.BUY PLATINUM-COMEX ABOVE 1443 TGTS 1450, 1461 SL 1427.

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

8May
forex-trading3

IForex Market Trading Signals and News of 08th May 2014

TRADING TIPS

USD/CAD

USD/CAD edged up to 1.0902 from 1.0890 ahead of the data. The pair was likely to find support at 1.0857 and resistance at 1.0950.The Canadian dollar dipped after Statistics Canada reported that the number of new building permits issued in March tumbled 3%, confounding expectations for a gain of 4.3%.February’s figure was revised to a drop of 11.3% from a previously reported decline of 11.6%.The greenback remained under pressure ahead of testimony to Congress by U.S. central bank head Janet Yellen later Wednesday. Ms. Yellen was widely expected to reiterate interest rates will remain on hold for longer, in spite of last month’s stronger-than-forecast U.S. nonfarm payrolls report.

GBP/USD

GBP/USD was trading at 1.6970, not far from the peaks of 1.6993 reached on Tuesday, the highest level since August 2009.Cable was likely to find support at 1.6925 and resistance at 1.7000.A recent string of upbeat reports about the U.K. economy has raised expectations the BoE could raise borrowing costs ahead of other central banks.The pound strengthened across the board on Tuesday after a forecast beating U.K. services purchasing managers’ index bolstered the outlook for the wider recovery.The U.K. services PMI rose to 58.7 last month from 57.6 in March, far above the 50 level separating growth from contraction and beating forecasts of an unchanged reading..

RECOMMENDATION :-

1. Buy GBP/USD Above 1.7005- TG: 1.7025/ 1.7055 SL 1.6975
2. Sell GBP/USD Below 1.6950- TG: 1.6930/ 1.6900 SL 1.6980

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

8May
sgx-asx-tse

Financial Sgx Singapore Stock Market Trading Picks And News – 08th May 2014

MARKET UPDATES

UOL Group posted a 69 per cent year-on-year improvement in group net profit to S$120.8 mn for the first quarter ended March 31, 2014. This was due mainly to the sale of land at Jalan Conlay, Kuala Lumpur, which netted a one-off attributable gain of S$44.3 mn. Group revenue rose 65% to S$408.8 mn, of which the KL land sale accounted for S$218.5 mn.

•CERTIFICATE of entitlement (COE) premiums for cars in Singapore fell in the latest bidding round, which closed on Wednesday.

•The COE for small cars dropped from S$71,335 to S$60,002 while the premium for big cars declined from S$75,010 to S$70,002.

•Meanwhile, in the open category, the COE premium registered S$65,501, down from S$73,810 in the last round of bidding in April.

•For motorcycles, the COE premium slipped to S$4,001, down from S$4,502, while the COE price for goods vehicles and buses.

•JTC Corporation on Wednesday said that first-quarter gross allocation of prepared industrial land (PIL) in Singapore fell to 48 ha, from 118.1 ha in the fourth quarter last year. Returns for PIL also fell to 36.1 ha in the first quarter, resulting in a positive net allocation for PIL at 11.9 hectares (ha).

STOCK RECOMMENDATION:

•BUY WILMAR INTERNATIONAL ABOVE 3.300 TG 3.350, 3.400, 3.460 SL 3.230

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

7May

Comex Commodity Trading Signals and Market News – 07th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices hovered stead in Asia on Wednesday with an eye on the dollar and events in the Ukraine. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,308.70 a troy ounce, up 0.01%, after hitting an overnight session low of $1,304.60 and off a high of $1,314.20.

Silver comex for July delivery was down 0.13% at $19.620 a troy ounce. Copper futures for July delivery were up 0.07% at $3.056 a pound.

Crude oil prices rose in Asia on Wednesday as an industry group reported a drop in U.S. oil stocks and tension in the Ukraine lent support. The American Petroleum Institute, an industry group, said late Tuesday that its own data showed a 1.8 million-barrel drop in crude stocks, according to industry sources. The group also said that gasoline supplies rose by 2.4 million barrels and distillate stocks grew by 763,000 barrels. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $99.85 a barrel, up 0.35%, after hitting an overnight session low of $99.33 a barrel and a high of $100.42 a barrel.

Natural gas prices rose on Tuesday as forecasts for above-normal temperatures along the West Coast boosted demand for the commodity. On the New York Mercantile Exchange, Natiral gas futures for delivery in June traded at $4.804 per million British thermal units during U.S. trading, up 2.46%. The commodity hit session high of $4.806 and a low of $4.693. The June contract settled up 0.30% on Monday to end at $4.688 per million British thermal units.

The base metals price were little-changed in Tuesday’s premarket following the UK’s return to market after a long weekend. the copper price at $6,702 was down $17 on Friday’s close. Stocks fell a net 4,375 tonnes to 225,425 tonnes, the lowest since October 26, 2012, and cancelled warrants dropped 2,375 tonnes to 111,350 tonnes. The backwardation in the cash/threes spread has tightened further – it was last at $34/39. The aluminium price was $31 higher at $1,787 after inventories declined 2,625 tonnes to 5,345,125 tonnes but cancelled warrants slipped 5,325 tonnes to 2,920,825 tonnes. Tin at $23,100 was $5 higher after a five-tonne stock drop to 9,535 tonnes. The nickel price jumped $216 to $18,486, finding support from the Russia/Ukraine conflict and the possibility – albeit remote – that sanctions will be extended to Norilsk Nickel exports. Stocks fell 12 tonnes to 279,516 tonnes. Lead gained $20 to $2,111, with 50- tonne reductions in both stocks and cancelled warrants, while Zinc at $2,050 was $10 higher – stocks and cancelled warrants both declined 1,550 tonnes to 766,250 tonnes and 129,525 tonnes respectively. Zinc cash/threes last traded at level, having ended last week at a backwardation of $1.50.

Brent crude on the ICE futures exchange fell 66 cents, or 0.6%, to $107.06 a barrel, the lowest settlement since April 7.


TRADING STRATEGY
:

GOLD-COMEX has closed @ 1307.70. If it sustain above the level of 1316, it can touch the level of 1325 & 1336 respectively. If it breaks the level of 1298, it can touch the level of 1289, 1278 respectively.

•BUY GOLD-COMEX ABOVE 1316 TGTS 1325, 1336 SL 1297.
•SELL GOLD-COMEX BELOW 1298 TGTS 1289, 1278 SL 1318.

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

7May
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 07th May 2014

MARKET UPDATES

  • PERENNIAL China Retail Trust posted a distribution per unit of 95 Singapore cents for its first quarter ended March 31, 2014, unchanged from a year ago.Distributable income, too, held steady at S$10.9 million. The trust also reported net property income (NPI) of S$209,000 on the back of S$2 million in revenue, a reversal from losses of S$433,000 and no revenue generated in the corresponding quarter a year ago.
  • US-based supply chain firm Menlo Logistics opened its eighth facility in Singapore on Tuesday. Worth S$127 million and located at Mapletree Benoi Logistics Hub, the new warehousing and distribution centre will mainly serve the global wine and spirits industry.
  • SINGTEL has been fined a record-breaking S$6 million for the fire at its Bukit Panjang exchange facility in October last year, which disrupted services for homes and businesses across the island. The regulator, the Infocomm Development Authority of Singapore (IDA), found that the telco’s business continuity management policies did not have “specific contingency plans” for an outage of such a scale. IDA also noted other weaknesses in SingTel’s network and practices.

STOCK RECOMMENDATION:

  • BUY GENTING SINGAPORE LTD ABOVE 1.355 TG 1.385, 1.425, 1.470 SL 1.315

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

7May
Forex Signals

IForex Market Trading Signals and News of 07th May 2014

TRADING TIPS

GBP/USD
GBP/USD hit 1.6950 during European morning trade, the pair’s highest since August 2009; the pair subsequently consolidated at 1.6949, advancing 0.48%.Cable was likely to find support at 1.6866, the session low and resistance at 1.7042.Markit research group said the U.K. services purchasing managers’ index rose to a four-month high of 58.7 last month, from a reading of 57.6 in March. Analysts had expected the index to remain unchanged in April.The report came after data last week showed that manufacturing activity in the U.K. expanded at the fastest rate in five months in April, bolstering the outlook for the wider recovery.A recent string of upbeat reports about the U.K. economy has raised expectations the BoE could raise borrowing costs ahead of other central banks.

EUR/USD
EUR/USD hit 1.3939 during European afternoon trade, the pair’s highest since March 18; the pair subsequently consolidated at 1.3937, gaining 0.45%.The pair was likely to find support at 1.3865, Monday’s low and resistance at 1.3966, the high of March 13.The single currency found support after official data showed that euro zone retail sales rose 0.3% in March, confounding expectations for a 0.2% fall. Retail sales in February were revised down to a 0.1% gain from a previously estimated 0.4% increase.The report came after official data showed that the number of unemployed people in Spain dropped by 111,600 in April, compared to expectationd for a decline of 49,100, after a 16,600 fall the previous month.Separately, Markit research group said that Spain’s services purchasing managers’ index rose to a six-year high of 56.5 last month, from a reading of 54.0 in March. Analysts had expected the index to tick up to 54.4 in April.

RECOMMENDATION:

1. Buy GBP/USD Above 1.7005- TG: 1.7025/ 1.7055 SL 1.6975
2. Sell GBP/USD Below 1.6950- TG: 1.6930/ 1.6900 SL 1.6980

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

6May

Comex Commodity Trading Signals and Market News – 06th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices edged higher in Asia on Tuesday underscored by tension in the Ukraine and demand from China.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,311.80 a troy ounce, up 0.19%, after hitting an overnight session low of $1,299.70 and off a high of $1,315.70. Gold prices rose earlier after a final reading of China’s HSBC manufacturing purchasing managers’ index came in at 48.1 April, down from a preliminary estimate of 48.3 and missing forecasts for an uptick to 48.4. A reading below 50 indicates a contraction.

Silver comex for July delivery rose 0.14% at $19.598 a troy ounce. copper futures for July delivery were down 0.07% at $3.056 a pound.

Crude oil prices were flat to slightly weaker in Asia on Tuesday ahead of industry data on U.S. stocks and bearish sentiment on China demand. Last week, crude stocks gained by 3 million barrels , according to the American Petroleum Institute. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $99.46 a barrel, down 0.03%, after hitting an overnight session low of $98.97 a barrel and a high of $100.43 a barrel.

Natural gas prices rose on Monday after bottom fishers snapped up nicely-priced positions in the commodity and erased losses stemming from last week’s bearish supply report. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.703 per million British thermal units during U.S. trading, up 0.61%. The commodity hit session high of $4.765 and a low of $4.652. The June contract settled down 0.95% on Friday to end at $4.674 per million British thermal units.

The ICE Brent oil futures contract fell 87 cents, or 0.8%, to $107.72 a barrel, the lowest settlement since April 11,on the ICE Futures Europe exchange.

TRADING STRATEGY :

SILVER-COMEX has closed @ 19.59. If it sustain above the level of 19.60, it can touch the level of 19.75 & 19.91 respectively. If it breaks the level of 19.29, it can touch the level of 19.14, 18.98 respectively.

• BUY SILVER-COMEX ABOVE 19.60 TGTS 19.75, 19.91 SL 19.35.
• SELL SILVER-COMEX BELOW 19.29 TGTS 19.14, 18.98 SL 19.54.

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

6May

IForex Market Trading Signals and News of 06th May 2014

TRADING TIPS

GBP/USD
GBP/USD hit 1.6853 during U.S. morning trade, the pair’s lowest since May 2; the pair subsequently consolidated at 1.6863, edging down 0.08%.Cable was likely to find support at 1.6807, the low of April 30 and resistance at 1.6922, the high of May 1 and a five-year high.In a report, the Institute of Supply Management said its non-manufacturing purchasing managers’ index rose to a five-month high of 55.2 in April, from a reading of 53.1 in March, compared to expectations for a rise to 54.1.The data came after official data on Friday showed that the U.S. economy added 288,000 jobs in April, well above expectations for jobs growth of 210,000, while the unemployment rate dropped to a five-and-a-half year low of 6.3%.

EUR/USD
EUR/USD hit 1.3886 during U.S. morning trade, the pair’s highest since April 30; the pair subsequently consolidated at 1.3878, inching up 0.06%.The pair was likely to find support at 1.3812, the low of May 2 and resistance at 1.3905, the high of April 11.In a report, the Institute of Supply Management said its non-manufacturing purchasing managers’ index rose to a five-month high of 55.2 in April, from a reading of 53.1 in March, compared to expectations for a rise to 54.1.But the dollar remained under pressure, as Friday’s U.S. employment report showed that the labor force participation rate, which measures the proportion of people either working or looking for work, fell and wage growth weakened.In the euro zone, data earlier showed that the Sentix index of euro zone investor confidence deteriorated unexpectedly this month, falling to 12.8 from a reading of 14.1 in April. Analysts had forecast an increase to 14.2.A separate report showed that producer prices in the euro zone fell 0.2% in March from a month earlier, and were down 1.6% on a year-over-year basis.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6900- TG: 1.6920/ 1.6950 SL 1.6870
2. Sell GBP/USD Below 1.6850- TG: 1.6830/ 1.6800 SL 1.6890

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

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