Monthly Archives: June 2014

10Jun
sgx-asx

Financial Sgx Singapore Stock Market Trading Picks And News – 10th June 2014

MARKET UPDATES :

  • THE China-related risks of Asia-Pacific banks continue to grow, said Fitch Ratings APAC banks had accumulated about US$1.2 trillion of China-related exposure as at end-2013, the rating agency said on Monday. Hong Kong accounts for the bulk (US$798 billion), with 34 per cent of system assets, followed by Macau (20 per cent), Singapore (12 per cent) and Taiwan (7 per cent).
  • RESALE transactions of non-landed private homes fell 7.5 per cent month-on-month in May to an estimated 421, while resale prices continued to inch down by 0.3 per cent to stay at a 17-month low. On a year-on-year basis, resale volume fell 42.6 per cent drop (from 734 units resold in May 2013), flash figures released by the Singapore Real Estate Exchange (SRX) on Monday showed.
  • VARD Holdings has shown a strong order pace with up to four contracts won in a week, but research firm OSK DMG has cautioned investors that orders tends to be “lumpy” and that near-term earnings are not expected to outperform.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.500 TG 2.550, 2.600, 2.660 SL 2.430

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

9Jun

Comex Commodity Trading Signals and Market News – 09th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures fell on Friday after data revealed the U.S. economy saw an uptick in new job creation in May, though a European Central Bank decision to loosen policy on Thursday cushioned the yellow metal’s losses. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,252.20 a troy ounce during U.S. trading, down 0.09%, up from a session low of $1,246.10 and off a high of $1,257.60. The August contract settled up 0.72% at $1,253.30 on Thursday.

Silver for July delivery was down 0.45% at $18.998 a troy ounce, while copper futures for July delivery were down 1.09% at $3.057 a pound.

Crude oil prices eased slightly in Asia on Friday ahead of U.S. data expected to show a gain of 218,000 jobs, underpinning continued strength for the dollar. On the New York Mercantile Exchange, U.S. Crude oil for delivery in July traded at $102.45 a barrel, down 0.03%, after falling to a session low of $101.61 a barrel, the weakest level since May 21, before trimming losses.

• The ICE Brent oil contract erased early losses and rose 0.4% to $108.79, ending four straight losing sessions.

Natural gas futures turned lower on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in July shed 0.59%, or 2.8 cents, to trade at $4.613 per million British thermal units during U.S. morning hours. Futures traded at $4.663 prior to the release of the supply data. Prices rose to a daily high of $4.688 per million British thermal units earlier, the most since May 8. Natural gas futures ended Wednesday’s session up 0.24%, or 1.1 cents, to settle at $4.640.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.0555. If it breaks the level of 3.0524, it can touch the level of 3.0424 & 3.0268 respectively. If it sustain above the level of 3.0788, it can touch the level of 3.0888, 3.1035 respectively.

  • SELL COPPER-COMEX BELOW 3.0524 TGTS 3.0424, 3.0268 SL 3.0634.
  • BUY COPPER-COMEX ABOVE 3.0788 TGTS 3.0888, 3.1035 SL 3.0678.

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

9Jun
Forex Signals

IForex Market Trading Signals and News of 09th June 2014

TRADING TIPS :

➔Forex – GBP/USD dips on solid U.S. May unemployment report
➔Forex – EUR/USD falls on solid U.S. May jobs report
➔Forex – USD/CAD almost unchanged after U.S., Canada jobs data

EUR/USD
➔EUR/USD was down 0.17% at 1.3639,up from a session low of 1.3621 and off a high of 1.3677.The pair was likely to find support at 1.3503, Thursday’s low, and resistance at 1.3723, the high from May 21.The U.S. Labor Department reported earlier that the economy added 217,000 in May, more or less in with expectations for a 218,000 increase, after a 282,000 rise in April, whose figure was revised down from a previously estimated 288,000 gain.The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain, which drew market applause and firmed the dollar.

GBP/USD
➔GBP/USD was down 0.14% at 1.6796,up from a session low of 1.6782 and off a high of 1.6845 .Cable was likely to find support at 1.6699, Wednesday’s low, and resistance at 1.6.458, the earlier high.The U.S. Labor Department reported earlier that the economy added 217,000 in May, more or less in with expectations for a 218,000 increase, after a 282,000 rise in April, whose figure was revised down from a previously estimated 288,000 gain.The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain, which drew market applause and firmed the dollar.The report also showed that the U.S.unemployment rate remained unchanged at 6.3% last month compared to expectations for a rise to 6.4%.The data, viewed by markets as not exceptionally robust, was still strong enough to keep expectations firm for the Federal Reserve to continue winding down its monthly bond-buying program, which weakens the dollar by suppressing long-term interest rates.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6815- TG: 1.6835/ 1.6865 SL 1.6785
2. Sell GBP/USD Below 1.6790- TG: 1.6770/ 1.6740 SL 1.6820

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

9Jun
SGX2

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

MARKET UPDATES :

  • THE Monetary Authority of Singapore (MAS) intends to increase cooperation with other financial supervisors to fight money laundering and terrorism financing (ML/TF)
  • LIM Swee Say, secretary-general of the National Trades Union Congress (NTUC), has reiterated the labour movement’s support for the recommended changes to the Medishield Life scheme put forth by the MediShield Life Review Committee (MLRC) this week.
  • Singapore is willing to accept slower growth as a trade-off for social stability as it aims to keep down the number of foreigners working in the city-state, finance minister Tharman Shanmugaratnam told Reuters.
  • THE Ascott, CapitaLand’s wholly owned serviced residence business unit, on Friday said it has formed a strategic alliance with China’s property developer Beijing Vanke, to manage and develop serviced residences in China.

 

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.520 TG 2.560, 2.600, 2.660 SL 2.460

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

6Jun

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

INTERNATIONAL COMMODITY NEWS :

Gold prices rose slightly in Asia on Friday as a follow-on to ultra-loose monetary policy by the European Central Bank overnight with the focus now on U.S. data later today expected to show a gain of 218,000 jobs.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,253.50a troy ounce, up 0.02%, after hitting a session high $1,257.70 a troy ounce. Prices rallied by as much as 1.06% after the ECB decision and hit a session high of $1,257.70. Gold declined 0.02%, or 20 cents, on Wednesday to settle at $1,244.30. Prices hit an 18-week low of $1,240.20 on June 3. The European Central Bank cut its benchmark interest rate to a record-low 0.15% from the 0.25% rate held since November earlier in the day.

Silver for July delivery fell 0.18% to trade at $19.048 a troy ounce. Copper for July delivery rose 0.05% to trade at $3.093 a pound amid growing concerns over the demand outlook in China.

Crude oil prices eased slightly in Asia on Friday ahead of U.S. data expected to show a gain of 218,000 jobs, underpinning continued strength for the dollar. On the New York Mercantile Exchange, U.S. Crude oil for delivery in July traded at $102.45 a barrel, down 0.03%, after falling to a session low of $101.61 a barrel, the weakest level since May 21, before trimming losses.

• The ICE Brent oil contract erased early losses and rose 0.4% to $108.79, ending four straight losing sessions.

Natural gas futures turned lower on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in July shed 0.59%, or 2.8 cents, to trade at $4.613 per million British thermal units during U.S. morning hours. Futures traded at $4.663 prior to the release of the supply data. Prices rose to a daily high of $4.688 per million British thermal units earlier, the most since May 8. Natural gas futures ended Wednesday’s session up 0.24%,
or 1.1 cents, to settle at $4.640.

Base metals were mixed during Thursday morning trading sessions, but remained within recent ranges as the market waited for key news and data releases from the EU and US. The copper price at $6,783 per tonne was down $2 on the previous day’s close, while more than 7,000 lots were changing hands so far. Nickel business was up $60 at $19,080 as it found support from news from Indonesia. The aluminium price at $1,845 was up $10 as stocks continue to fall – both stocks and cancelled warrants lost 5,125 tonnes to 5,170,375 tonnes and 2,851,250 tonnes respectively. The lead price was $1 higher at $2,104 with a 50-tonne reduction in stocks to 190,375 tonnes. Sister metal zinc at $2,077 fell $2 although stocks at 700,375 tonnes are now the lowest since December 29, 2010. The tin price at $23,239 increased $14 with a 50 tonne drop in inventories to 10,885 tonnes.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.698. If it sustain above the level of 4.733, it can touch the level of 4.783 & 4.852 respectively. If it breaks the level of 4.585, it can touch the level of 4.535, 4.464 respectively.

  • BUY NATURALGAS-NYMEX ABOVE 4.733 TGTS 4.783, 4.852 SL 4.678.
  • SELL NATURALGAS-NYMEX BELOW 4.585 TGTS 4.535, 4.464 SL 4.640.

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

 

6Jun
forex-market-hours

IForex Market Trading Signals and News of 06th June 2014

TRADING TIPS :

➔Forex – USD/CAD pares losses after U.S., Canadian data
➔Forex – GBP/USD remains higher after BoE holds
➔Forex – EUR/USD hits 4-month lows on ECB rate cut, Draghi remarks

USD/CAD
➔USD/CAD pulled away from 1.0917, the pair’s lowest since Wednesday, to hit 1.0934 during European afternoon trade, still down 0.07%. The pair was likely to find support at 1.0885,the low of May 22 and  resistance at 1.0989, the high of May 5. Official data showed that building permits in Canada rose 1.1% in April, confounding expectations for an increase of 1.4%,after a 3.2% decline   in March, whose figure was revised down from a previously estimated 3% drop. Meanwhile, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending May 31 increased by 8,000 to 312,000 from the previous week’s revised total of 304,000.Analysts had expected jobless claims to rise by 6,000 to 310,000 last week.

GBP/USD
➔GBP/USD hit 1.6792 during early European afternoon trade, the pair’s highest since May 28; the pair subsequently consolidated at 1.6767, adding 0.17%.Cable was likely to find support at 1.6693, the low of May 29 and resistance at 1.6841, the high of May 16.In a widely expected move,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.Expectations for a U.K. rate hike in the early part of next year have recently propelled sterling to multi-year highs against the dollar, after a string of strong economic reports indicated that the recovery is deepening..

RECOMMENDATION :

1. Buy GBP/USD Above 1.6815- TG: 1.6835/ 1.6865 SL 1.6785
2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6800

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

5Jun

Comex Commodity Trading Signals and Market News – 05th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices were flat to higher in Asia Thursday ahead of the European Central Bank’s board meeting on monetary policy and Friday’s U.S. non-farm payrolls. On the Comex division of the New York Mercantile Exchange, gold for August delivery traded at $1,244.70 a troy ounce, up 0.03%.

Silver for July delivery on the Comex slipped 0.04% to trade at $18.785 a troy ounce. Copper for July delivery fell 0.19% to trade at $3.088 a pound.

Crude oil prices fell in Asia on Thursday on bearish government data on U.S. petroleum stocks that signalled the summer driving season is not as robust as expected. On the New York Mercantile Exchange, U.S. Crude oil for delivery in July traded at $102.26 a barrel, down 0.38%.

• The Brent oil contract fell 0.4% to $108.40 a barrel on the ICE Futures Europe exchange, its fourth consecutive losing session.

Natural gas futures were higher in U.S. trade on Wednesday. On the New York Mercantile Exchange, Natural gas futures for July delivery traded at USD4.641 per million British thermal units at time of writing rising 0.25%. It earlier traded at a session high USD4.646 per million British thermal units.

Base metals fell on Wednesday morning on concerns about the alleged fraudulent use of warehouse receipts in the Chinese port of Qingdao, which pulled the copper price about 1.5 percent lower – the other metals followed in its wake. The copper price was around three-week lows, dropping to $6,765 per tonne, down $105 on Tuesday’s close. Turnover on Select has picked up, with 13,000 lots changing hands so far. Stocks fell a net 350 tonnes to 168,475 tonnes. The aluminium price at $1,825 was $11 lower, while stocks remain at one-year lows following a 5,750-tonne drop to 5,175,500 tonnes. The nickel price last traded at a soft $18,948 tonnes although stocks fell 234 tonnes to 283,752 tonnes. Tin was $196 lower at $23,144 – stocks increased 130 tonnes to 10,915 tonnes – and lead declined $18 to $2,117, with no changes in stocks. The zinc price at $2,079 was $9 lower, while the nearby spreads are in backwardation, with cash/threes at $6. Stocks and cancelled warrants were both down 3,650 tonnes at 703,425 tonnes and 87,350 respectively – total stocks are now at their lowest since January 10, 2011.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 108.05. If it breaks the level of 108.03, it can touch the level of 107.53 & 106.84 respectively. If it sustain above the level of 109.20, it can touch the level of 109.70, 110.39 respectively.

  • SELL BRENTCRUDEOIL-NYMEX BELOW 108.03 TGTS 107.53, 106.84 SL 108.58.
  • BUY BRENTCRUDEOIL-NYMEX ABOVE 109.20 TGTS 109.70, 110.39 SL 108.65.

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

5Jun
Forex Signals

IForex Market Trading Signals and News of 05th June 2014

TRADING TIPS :

➔Forex – GBP/USD pares losses after U.K. service sector data
➔Forex – EUR/USD edges lower ahead of E.Z. data, ECB
➔Forex – USD/CAD rises to 1-month highs, BoC holds

EUR/USD
➔EUR/USD easing 0.02% to 1.3626.Payroll processing firm ADP said non-farm private employment rose by 179,000 in May, below expectations for an increase of 210,000. April’s figure was revised down to a gain of 215,000 from a previously reported increase of 220,000. A separate report showed that U.S. trade deficit widened to $47.24 billion in April, from $44.18 billion in March whose figure was revised from a previously estimated deficit of $40.40 billion. Analysts had expected the trade deficit to widen to $40.80 billion in April. Meanwhile, sentiment on the euro remained vulnerable after Eurostat on Tuesday said consumer price inflation in    the euro zone increased by 0.5% last month, down from 0.7% in April and missing expectations for a reading of 0.7%. The rate  stands well below the ECB target of near but just under 2%

GBP/USD
➔GBP/USD pulled away from 1.6699, the pair’s lowest since May 29, to hit 1.6720 during European morning trade, still down 0.18% .Cable was likely to find support at 1.6697, the low of April 14 and resistance at 1.6816, the high of May 28.Markit research group said the U.K. services purchasing managers’ index slipped to 58.6 last month, from a reading of 58.7 in April. Analysts had expected the index to fall to 58.2 in May. The data came a day after Markit said the U.K. construction PMI ticked down to 60.0 in May, from a reading of 60.8 the previous month, compared to expectations for the index to remain unchanged.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6790- TG: 1.6810/ 1.6840 SL 1.6760
2. Sell GBP/USD Below 1.6730- TG: 1.6710/ 1.6670 SL 1.6760

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

5Jun
sgx-asx-tse

Financial Sgx Singapore Stock Market Trading Picks And News – 05th June 2014

MARKET UPDATES :

  • CAPITALAND on Wednesday said its wholly-owned subsidiary Sound Investment Holdings and its concert parties have on Tuesday received valid acceptances amounting 3.5 billion shares,representing approximately 89.9 per cent of the issued share capital of CapitaMalls Asia (CMA).This follows the acquisition of an additional 350.9 million shares in CMA, representing approximately nine per cent of CMA’s issued share capital.
  • JUBILEE Industries Holdings on Wednesday said that the company, along with Jewelstone Properties, will no longer be proceeding with the proposed acquisition of Tenderside Ventures In a statement to SGX, Jubilee said that both parties were “unable to reach a consensus on some of the principal commercial terms of the proposed acquisition.”
  • Shares in Australand Property Group jumped 7 per cent on Wednesday after the Australian property company said it received a A$2.6 billion (US$2.41 billion) takeover offer from Singapore’s Frasers Centrepoint.

 

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.330 TG 2.370, 2.410, 2.460 SL 2.270

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

 

4Jun
forex-trading3

IForex Market Trading Signals and News of 04th June 2014

TRADING TIPS :

➔Forex – GBP/USD trims gains on U.K. construction data
➔Forex – EUR/USD steady, near 3-1/2 month lows

EUR/USD
➔EUR/USD hit 1.3607 during late Asian trade,the session high;the pair subsequently consolidated at 1.3605, easing up 0.06%.The pair was likely to find support at 1.3529,the low of January 23 and resistance at 1.3668, the high of May 27.Sentiment on the single currency was vulnerable after data on Friday showing that the annual rate of inflation in Italy and Spain slowed in May added to expectations that the ECB will take steps to tackle low consumer price growth, which is threatening the fragile recovery in the euro zone.Last week, ECB President Mario Draghi said the bank was aware of the risks of persistently low inflation and was prepared to take steps to get euro zone inflation back to its target, the latest indication that the bank is on course to ease monetary policy next week.

GBP/USD
➔GBP/USD pulled away from 1.6782, the session high, to hit 1.6763 during European morning trade, still up 0.09%. Cable was likely to find support at 1.6693, the low of May 29 and resistance at 1.6816, the high of May 28. Markit research group said the U.K. construction purchasing managers’ index ticked down to a seven-month low of 60.0 in May, from a reading of 60.8 the previous month. Analysts had expected the index to remain unchanged last month.The report came a day after Markit said the U.K. manufacturing PMI fell to 57.0 this month, from a reading of 57.3 in May, in line with expectations.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6790- TG: 1.6810/ 1.6840 SL 1.6760
2. Sell GBP/USD Below 1.6730- TG: 1.6710/ 1.6670 SL 1.6760

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

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