Daily Archives: June 2, 2014

2Jun
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 02nd June 2014

MARKET UPDATES :
  • FRASERS Centrepoint Asset Management Ltd (FCAM), the manager of Frasers Centrepoint Trust (FCT), has privately placed 88 million new units at S$1.835 per unit, raising gross proceeds of about S$161.5 million.The issue price represents a 2.5 per cent discount to FCT’s adjusted volume weighted average price of S$1.882 per unit for trades done on May 29, 2014
  • PACIFIC Andes Resources Development said its indirect subsidiary, Quality Food (Singapore), has on Thursday agreed to sell 26.5 million shares in Tassal Group Limited for A$96.73 million. This translates to about A$3.65 a share.After the sale, Quality Food’s stake in Tassal will be reduced by 18.09 per cent to 4.64 per cent. As a result, Tassal will no longer be an associated company
  • BANK lending growth was flat in April for both business and consumer loans, compared to a month ago, preliminary data from the Monetary Authority of Singapore showed on Friday.
STOCK RECOMMENDATION :
  • BUY Oversea-Chinese Banking Corp. Limited ABOVE 9.750 TG 9.850, 9.950, 10.100 SL 9.650

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

2Jun

Comex Commodity Trading Signals and Market News – 02nd June 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures fell on Friday despite less-than-stellar U.S.economic indicators, as markets bet the U.S. economy continues to recover and is in less need of monetary support from the Federal Reserve.Monetary stimulus tools such as the Fed’s monthly asset-purchasing program weaken the dollar by suppressing longer-term interest rates, making gold an attractive hedge as long as they remain in place. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,245.40 a troy ounce during U.S. trading, down 0.93%, up from a session low of $1,242.50 and off a high of $1,260.60. The August contract settled down 0.21% at $1,257.10 on Thursday.

Silver comex for July delivery was down 1.75% at $18.682 a troy ounce, while copper futures for July delivery were down 0.66% at $3.124 a pound.

Crude oil futures fell on Friday after investors locked in gains from Thursday’s bullish supply report and sold the commodity for profits. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $102.79 a barrel during U.S. trading, down 0.76%. New York-traded oil futures hit a session low of $102.42 a barrel and a high of $103.60 a barrel. The July contract settled up 0.84% at $103.58 a barrel on Thursday.

• The ICE Futures Exchange in London, Brent oil futures for July delivery were down 0.52% and trading at US$109.40 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$6.61 a barrel.

Natural gas futures carried Thursday’s losses into Friday after official data revealed U.S. stockpiles rose more than markets were expecting last week, though prices steadied in afternoon trading.On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.552 per million British thermal units during U.S. trading, down 0.16%. The commodity hit a session high of $4.592 and a low of $4.490. The July contract settled down 1.21% on Thursday to end at $4.559 per million British thermal units.

Base metals were trading in well-worn ranges during Friday morning sessions as the complex looked towards US and Chinese data releases for direction. The copper price at $6,890 per tonne was up $6 on the previous day’s close, as stocks and cancelled warrants fell 1,150 tonnes to 171,350 tonnes and 73,500 tonnes respectively. Aluminium at $1,840 was down $4, dropping of its session and one-month highs of $1,853. Inventories were 4,750 tonnes lower. The nickel price continues to be jumpy – the metal had soared above $21,000 at the start of the month, but has since declined to $18,972. Lead at $2,100 was $22 lower with a 375-tonne decrease in stocks to 19,045 tonnes. Sister metal Zinc at $2,048 was down $20 although stocks fell 7,700 tonnes to 711,900 tonnes. Tin was $15 lower at $23,460 and stocks and cancelled warrants declined $50 to 10,865 tonnes and 3,500 tonnes respectively.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1449.25. If it breaks the level of 1443, it can touch the level of 1436 & 1425 respectively. If it sustain above the level of 1465, it can touch the level of 1472, 1483 respectively.

  • SELL PLATINUM-COMEX BELOW 1443 TGTS 1436, 1425 SL 1453.
  • BUY PLATINUM-COMEX ABOVE 1465 TGTS 1472, 1483 SL 1455.

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

2Jun
forex-trading3

IForex Market Trading Signals and News of 02nd June 2014

TRADING TIPS :

➔Forex – GBP/USD gains on soft U.S. consumer sentiment report
➔Forex – EUR/USD gains on soft U.S. sentiment, personal spending data
➔Forex – USD/CAD rises but gains limited after U.S., Canadian data

EUR/USD
➔EUR/USD was up 0.24% at 1.3635, up from a session low of 1.3598 and off a high of 1.3650.The pair was likely to find support at 1.3586, Thursday’s low, and resistance at 1.3668, Tuesday’s high.The revised Thomson Reuters/University of Michigan consumer sentiment index ticked up to 81.9 this month from 81.8 in April, missing market expectations for a reading of 82.5.While harsh winter weather dampened spirits, concerns wages will remain weak did more so.”The May decline in consumer confidence was not due to the dismal state of the economy during the 1st quarter, which had the weakest pace of GDP growth in three years. Consumers thought the harsh winter weather was mainly responsible,” the indicator’s statement read.Consumer sentiment would suffer more if the economy failed to rebound in the months ahead, though the survey revealed that consumers feel the economy will be strong enough to produce more jobs in the year ahead.

GBP/USD
➔GBP/USD was trading at 1.6762, up 0.27%, up from a session low of 1.6715 and off a high of 1.6778.Cable was likely to find support at 1.6693, Thursday’s low, and resistance at 1.6882, Tuesday’s high.The revised Thomson Reuters/University of Michigan consumer sentiment index ticked up to 81.9 this month from 81.8 in April, missing market expectations for a reading of 82.5.While harsh winter weather dampened spirits, concerns wages will remain weak did more so.”The May decline in consumer confidence was not due to the dismal state of the economy during the 1st quarter, which had the weakest pace of GDP growth in three years.Consumers thought the harsh winter weather was mainly responsible,” the indicator’s statement read. Consumer sentiment would suffer more if the economy failed to rebound in the months ahead, though the survey revealed that consumers feel the economy will be strong enough to produce more jobs in the year ahead.

RECOMMENDATION :
1. Buy GBP/USD Above 1.6790- TG: 1.6810/ 1.6840 SL 1.6760
2. Sell GBP/USD Below 1.6750- TG: 1.6730/ 1.6700 SL 1.6780

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