Monthly Archives: August 2014

29Aug
sgx 29 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –29th August 2014

MARKET UPDATES :

  • LISTED Straco Corporation Limited’s subsidiary, Straco Leisure, has emerged as the buyer of the Singapore Flyer Pte Ltd for S$140 million. Straco Leisure is a joint venture between Bay Attractions Pte Ltd, a wholly owned subsidiary of Straco Corp, and WTS Leisure Pte Ltd.
  • PRICES of completed non-landed private homes in Singapore dipped 0.3 per cent in July compared with June, according to the latest flash estimates of the National University of Singapore’s Overall Singapore Residential Price Index (SRPI). The revised index value for June reflects a 0.5 per cent month-on-month drop
  • OCBC Bank is giving shareholders who are also customers a sweetener for taking part in a rights issue. The bank is offering one rights share for every eight existing shares held at S$7.65 apiece as it hopes to raise S$3.37 billion to help fund its S$6.2 billion offer for Hong Kong’s Wing Hang Bank.
  • ENERGY exploration and production company Linc Energy has agreed to sell its Carmichael coal-mine royalty deed in Australia to India’s Adani Group for A$155 million (S$180 million) in cash.

STOCK RECOMMENDATION :

  • BUY SIA ENGINEERING ABOVE 4.590 TG 4.640, 4.690, 4.750 SL 4.520

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

28Aug

Comex Commodity Trading Signals and Market News – 28th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices edged lower in listless trading on Wednesday ahead of a flurry of economic indicators due for release on Thursday. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,284.00 a troy ounce during U.S. trading, down 0.09%, up from a session low of $1,281.10 and off a high of $1,288.30.The December contract settled up 0.49% at $1,285.20 on Tuesday. Futures were likely to find support at $1,273.40 a troy ounce, Thursday’s low, and resistance at $1,291.90, Tuesday’s high.Gold has come under pressure recently on sentiments that the Federal Reserve remains on track to close up stimulus programs around October and begin raising interest rates in 2015.

Natural gas prices rose on Wednesday amid expectations that seasonably warm temperatures will hike demand for the commodity at the nation’s thermal power plants as households crank up their air conditioning .On the New York Mercantile Exchange, natural gas futures for delivery in October were up 1.51% at $4.009 per million British thermal units during U.S. trading. The commodity hit a session low of $3.966, and a high of $4.032.The October contract settled down 0.75% on Tuesday to end at $3.949 per million British thermal units.Natural gas futures were likely to find support at $3.732 per million British thermal units, the low from Aug. 17, and resistance at $4.172, the high from July 14.Updated weather forecasting models called for seasonably warm temperatures across most of the country for the coming days, with parts of the eastern and central U.S. seeing above-normal mercury readings into the first week of September.

Crude oil prices dipped in early Asia on Thursday as ample supplies diminished concerns over oil-producing geopolitical hotspots and the prospects of faster economic growth in the United States. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in October traded at $93.74 a barrel, down 0.15%, after hitting an overnight session low of $93.39 a barrel and a high of $94.24 a barrel. Overnight, crude prices slipped despite a bullish weekly supply report, as the data revealed that inventories rose at a key U.S. delivery point. The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories declined by 2.1 million barrels in the week ended Aug. 22, far surpassing expectations for a decline of 1.3 million barrels.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1287 TGT 1291,1296 SL 1282
  • SELL GOLD BELOW 1280 TGT 1276,1271 SL 1285

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

28Aug
forex-trading3

IForex Market Trading Signals and News of 28th August 2014

TRADING TIPS :

  • Forex-Dollar slips lower on profit-taking.
  • Forex-AUD/USD edges higher but gains limited.
  • Forex-EUR/USD hits fresh 11-month lows on Gfk report.

EUR/USD
GBP/USD hit 1.6575 during European morning trade, the session high; the pair subsequently consolidated at 1.6578, adding 0.17%.Cable was likely to find support at 1.6537, the session low and a five-month low and resistance at 1.6599, the high of August 25.The dollar found support on Tuesday after the Conference Board said its index of consumer confidence rose to 92.4 this month, the highest since October 2007, from a reading of 90.3 in July.The data fuelled further optimism over the strength of the U.S. economic recovery.Last week, Federal Reserve Chair Janet Yellen said at Jackson Hole that the U.S. economy is recovering and added the labor market is improving as well.

GBP/USD
EUR/USD was steady at 1.3170 during late Asian trade, the pair’s lowest since September.The pair was likely to find support at 1.3105 and resistance at 1.3215, Tuesday’s high.Data showed that the Gfk German consumer climate index fell to 8.6 this month, from a reading of 9.0 in July. Analysts had expected the index to remain unchanged in August.Meanwhile, the dollar remained supported after the Conference Board on Tuesday said its index of consumer confidence rose to 92.4 this month, the highest since October 2007, from a reading of 90.3 in July.

RECOMMENDATION :

1. Buy EUR/USD Above 1.3203 -TG:1.3223/1.3253 SL 1.3173
2. Sell EUR/USD Below 1.3129-TG: 1.3109/1.3089 SL 1.3159

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

28Aug
sgx 28 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –28th August 2014

MARKET UPDATES :

  • Mainboard-listed tourism operator Straco Corporation could be getting ready to announce its acquisition of the Singapore Flyer, The Business Times understands. The firm was among the frontrunners to buy the iconic Ferris wheel by the Esplanade. Straco currently runs two aquariums and a mountain cable car service in China. Its shares have surged 157 per cent from a year ago. Straco last closed at 82 cents, near a historical high.
  • THE roughly 300 investment funds approved by the Central Provident Fund (CPF) continued to do well amid liquidity from central banks and low volatility. The average fund under the CPF Investment Scheme (CPFIS) posted a 3.73 per cent return in the three-month period ended June 2014. On average, this beat the 4 per cent minimum interest rate offered by the CPF Special, Medisave and Retirement Accounts (SMRA).
  • SINGAPORE LNG Corporation (SLNG) has awarded a S$700 million engineering, procurement and construction contract for the Phase 3 expansion of the Singapore LNG Terminal to Samsung C&T Corporation. The contract, signed on August 26, involves the further expansion of the terminal to include a fourth liquefied natural gas (LNG) storage tank and additional regasification facilities.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 18.000 TG 18.100, 18.220, 18.350 SL 17.870

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

27Aug

Comex Commodity Trading Signals and Market News – 27th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell in Asia Wednesday as investors sold early on gains overnight and kept an eye on the dollar for renewed strength. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,281.50 a troy ounce, down 0.29%, after hitting an overnight session low of $1,276.20 and off a high of $1,291.70. Overnight, gold prices rose after the U.S. dollar, which trades inversely with the yellow metal, cooled its advance in a bout of profit taking and against mixed U.S. data. Orders for durable goods in June were revised up to a 2.7% gain from a previously reported increase of 1.7%.

Natural gas prices carried Monday’s gains into Tuesday in choppy trading on expectations that warm summertime temperatures will hike demand for air conditioning, though supply uncertainty pushed the commodity into negative territory at times. On the New York Mercantile Exchange, natural gas futures for delivery in October were up 0.34% at $3.993 per million British thermal units during U.S. trading. The commodity hit a session low of $3.944, and a high of $4.019 .The October contract settled up 2.47% on Monday to end at $3.979 per million British thermal units. Updated weather forecasting models showed that above-normal temperatures will blanket most parts of the eastern and central U.S. through Sept. 4.Supply uncertainty, however, allowed for choppy trading and pushed prices into negative territory at times.

Crude prices rose on Tuesday after investors digested a mixed bag of U.S. indicators and determined the numbers reflected a more robust U.S. economy, though global supply concerns watered down gains. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded up 0.56% at $93.87 a barrel during U.S. trading. New York-traded oil futures hit a session low of $93.34 a barrel and a high of $94.34 a barrel. U.S. economic indicators, though mixed, were strong enough to convince markets that the world’s largest economy is gaining steam and will consume more fuel and energy going forward.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1288 TGT 1292,1297 SL 1283
  • SELL GOLD BELOW 1282 TGT 1278,1273 SL 1287

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

27Aug
Forex Signals

IForex Market Trading Signals and News of 27th August 2014

TRADING TIPS :

  • Forex-EUR/USD trims gains, holds near 11-month trough
  • Forex-Dollar little changed vs. rivals ahead of U.S. reports
  • Forex-NZD/USD holds steady, near 6-1/2 month lows

EUR/USD
EUR/USD hit 1.3208 during late Asian trade, the session high; the pair subsequently consolidated at 1.3209, adding 0.13%.The pair was likely to find support at 1.3179, Monday’s low and resistance at 1.3297, the high of August 22. The euro had come under pressure on Monday after European Central Bank President Mario Draghit said at Jackson Hole on Friday that the central bank is ready to take more unconventional action if needed to stimulate a sluggish euro zone economy.In addition, the German Ifo Business Climate Index fell to a more than one-year low of 106.3 this month, below forecasts for 107.0 and down from a reading of 108.0 in July.

GBP/USD
GBP/USD hit 1.6566 during European morning trade, the session low; the pair subsequently consolidated at 1.6576, dipping 0.02%.Cable was likely to find support at 1.6546, Monday’s low and a five-month low and resistance at 1.6602, the high of August 21.Industry data showed that U.K. mortgage approvals rose by 42,800 last month, less than the expected increase of 44,200, after a revised 43,200 rise in June.On Monday, Ukraine said an armored column including 10 tanks entered from Russia as the government in Moscow unveiled plans to send a second convoy with humanitarian aid.

RECOMMENDATION :

1. Buy EUR/USD Above 1.3225 -TG:1.3245/1.3275 SL 1.3195
2. Sell EUR/USD Below 1.3158-TG: 1.3138/1.3108 SL 1.3188

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

27Aug
sgx 27 aug 2014

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

MARKET UPDATES :

  • JTC Corporation is releasing three industrial sites in Tuas for sale.A 0.8-hectare site at Tuas South St 9 is being sold on the confirmed list. The site is zoned for Business 2 development, which can be used for most industries. It has a 20-year nine- month tenure with maximum gross floor area to site area, or gross plot ratio, of 1.0.
  • SINGAPORE investor sentiment rose in the second quarter of 2014 to its highest level since the first quarter of 2013, according to Manulife Investor Sentiment Index.
  • United Engineers Ltd said on Tuesday its subsidiary WBL Corporation was selling its luxury car business to StarChase Motorsports (Singapore) for S$455 million (US$365 million). The company said the sale was part of its plan to exit from non- core business operations.
  • OFFSHORE marine group Otto Marine has won A$57 million (S$66 million) worth of time charter contracts in Australia for two deep-water anchor handlers. One of the vessels will operate off the north-west coast of Australia, while the other will work out of Darwin. Both will be supporting oil majors.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 7.070 TG 7.140, 7.220, 7.320 SL 6.970

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

26Aug
forex-trading3

IForex Market Trading Signals and News of 26th August 2014

TRADING TIPS :

  • Forex- Dollar rises broadly as Yellen comments support.
  • Forex-Bitcoin prices little changed above the $500-level
  • Forex-USD/CHF rises to fresh 9-month highs on Yellen speech

EUR/USD
EUR/USD hit 1.3186 during late Asian trade, the session low; the pair subsequently consolidated at 1.3195, shedding 0.34%.The pair was likely to find support at 1.3105 and resistance at 1.3297, the high of August 22. The dollar strengthened broadly after Fed Chair Janet Yellen said on Friday that the U.S. economy is recovering and added the labor market is improving as well.Ms. Yellen was speaking at the Fed’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming.At the same time, ECB President Mario Draghi told the Jackson Hole gathering that the central bank is ready to take more unconventional action if needed to stimulate a sluggish euro zone economy.

GBP/USD
GBP/USD was at 1.6578 during European morning trade, not far from the five month session low of 1.6538. Cable was likely to find support at 1.6466 and resistance at 1.6597, Friday’s high.The dollar strengthened broadly after Fed Chair Janet Yellen said on Friday that the U.S. economy is recovering and added the labor market is improving as well.Ms. Yellen was speaking at the Fed’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming. Sterling was higher against the euro, with EUR/GBP retreating 0.41% to 0.7959.The weak data dampened optimism over the health of the euro zone’s largest economy.

RECOMMENDATION :

1. Buy EUR/USD Above 1.3228 -TG:1.3248/1.3278 SL 1.3198
2. Sell EUR/USD Below 1.3147 -TG: 1.3127/1.3097 SL 1.3177

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

26Aug

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

INTERNATIONAL COMMODITY NEWS :

Gold prices slid on Monday after the Jackson Hole, Wyoming, symposium wrapped up leaving markets expecting monetary policy to tighten in the U.S. while remaining loose in Europe and in Japan. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,278.70 a troy ounce during U.S. trading, down 0.12%, up from a session low of $1,276.50 and off a high of $1,282.10. The December contract settled up 0.38% at $1,280.20 on Friday. The Federal Reserve Bank of Kansas City’s annual Jackson Hole symposium wrapped up over the weekend leaving investors preparing for diverging monetary policies across the globe.

Crude prices continued to slide on Monday due to ongoing fears that the global supply is outstripping demand despite unrest in Ukraine and in the Middle East. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded down 0.42% at $93.28 a barrel during U.S. trading. New York-traded oil futures hit a session low of $93.07 a barrel and a high of $93.95 a barrel.Nymex oil futures were likely to find support at $92.50 a barrel, Thursday’s low, and resistance at $94.45 a barrel, Thursday’s high.

Natural gas prices shot up on Monday after updated weather-forecasting models called for a quick return of seasonably warm temperatures to edge out a cool snap in the U.S. Elsewhere, Tropical Storm Cristobal appeared to dodge the U.S. coast, though investors kept their eyes on another system hinting at formation in the Gulf of Mexico. On the New York Mercantile Exchange, natural gas futures for delivery in October traded at $3.976 per million British thermal units during U.S. trading, up 2.38%. The commodity hit a session low of $3.860, and a high of $3.983. The October contract settled up 1.20% on Friday to end at $3.883 per million British thermal units.

Copper futures held steady near a two-week high on Monday, as growing optimism over the health of the U.S. economy supported demand for the industrial metal. On the Comex division of the New York Mercantile Exchange, copper for September delivery inched up 0.09%, or 0.3 cents, to trade at $3.207 a pound during European morning hours. The focus this week will be on a flurry of key U.S. economic indicators, as investors look for further clues on the strength of the recovery and the possible future path of monetary policy.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1279 TGT 1283,1288 SL 1274
  • SELL GOLD BELOW 1276 TGT 1272,1266 SL 1281.30

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

26Aug
sgx 26 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –26th August 2014

MARKET UPDATES :

  • SINGAPORE Airlines’ (SIA) partnerships with India’s Tata Sons and Air New Zealand (Air NZ) appear promising but key uncertainties still need to be addressed, OCBC Investment Research analyst Eugene Chua wrote in a note. SIA and Tata are planning to begin flights in October by a new jointly owned carrier, Vistara, to serve the Indian market.
  • Fund managers of collective investment schemes (CIS) from each of Singapore, Malaysia and Thailand can now sell directly to retail investors in the other two Association of South-east Asian Nations (Asean) countries. The change comes with the launch on Monday of the Asean CIS Framework, which is part of plans to integrate regional capital markets.
  • CONSUMER price inflation in Singapore eased more than expected to 1.2 per cent in July from 1.8 per cent in June, mainly on account of lower private road transport costs due to a high base a year ago.
  • THE Aspire Committee, set up by the government to help polytechnic and Institute of Technical Education (ITE) graduates get the right jobs and move up the career ladder, has completed its work.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.590 TG2.630.2.680 SL 2.540

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

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