Daily Archives: September 8, 2014

8Sep
sgx 09 sep 14

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

MARKET UPDATES :

  • ONLINE gambling will soon be prohibited in Singapore, if the Remote Gambling Bill – tabled for the first time in Parliament on Monday – is passed Through a set of blocking measures – including website and payment blocking – the government will outlaw and criminalize all remote gambling activities, defined as gambling through means such as the Internet, telephone or other kinds of communications technology.
  • DUTCH Bank ABN Amro on Monday announced the launch of an Asian corporate finance advisory business which will be based in Singapore. This team will originate as well as execute cross-border merger and acquisitions in Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia, South Korea and Japan. It will also provide equity capital markets capabilities in Singapore.
  • RESALE prices of non-landed private homes rose a slight 0.4 per cent on flat sales volume in August, compared with July. August’s price gain was led by the city area and city fringes, which reported increases of 4.8 per cent and 1.5 per cent respectively.
  • STARHUB customers now have access to 4G data roaming services on 25 mobile networks across 21 countries – the largest number of roaming destinations so far, the telco said on Monday. STARHUB customers now have access to 4G data roaming services on 25 mobile networks across 21 countries – the largest number of roaming destinations so far, the telco said on Monday.

STOCK RECOMMENDATION :

  • Buy Jardine cycle above 44.550 TG 44.750, 45.050, 45.450 SL 44.250

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

8Sep

Comex Commodity Trading Signals and Market News – 08 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gain in Asia on Monday, underpinned by physical demand ahead of the main gold buying season in India. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,268.80 a troy ounce, up 0.12%, after gaining 0.06% to settle at $1,267.30 a troy ounce by close of trade on Friday. The Indian festival of lights, Diwali, lies ahead as well as a traditional time for wedding celebrations with gold a common gift on both occasions. the Department of Labor said that the U.S. economy added 142,000 jobs in August, the lowest amount in eight months and less than the expected increase of 225,000. Despite Friday’s modest gains, Comex gold prices lost 1.56%, or $20.10, on the week, as the U.S. dollar rose to a 13-month peak against a basket of currencies.

• U.S. natural gas futures ended Friday’s session close to a three-week low as concerns over a slowdown in demand weighed. On the New York Mercantile Exchange, natural gas for delivery in October shed 0.68%, or 2.6 cents, to settle at $3.793 per million British thermal units by close of trade on Friday. Prices fell to $3.781 earlier in the session, the lowest since August 18. Futures were likely to find support at $3.760 per million British thermal units, the low from August 18 and resistance at $3.917, the high from September 3. On the week, Nymex natural gas prices lost 6.69%, or 27.2 cents.

Crude oil futures declined on Friday, following the release of disappointing U.S. employment data and as Ukraine and pro-Russian separatists agreed to a ceasefire. On the New York Mercantile Exchange, crude oil for delivery in October tumbled 1.23%, or $1.09, to end the week at $93.29 a barrel by close of trade on Friday. Nymex oil futures were likely to find support at $92.68 a barrel, the low from September 2, and resistance at $95.39 a barrel, the high from September 4.For the week, New York-traded oil futures lost 2.78%, or $2.67, the ninth weekly decline over the past 11 weeks. In a report, the Department of Labor said that the U.S. economy added 142,000 jobs in August, the lowest amount in eight months and less than the expected increase of 225,000.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1272 TGT 1276,1281 SL 1267
  • SELL GOLD BELOW 1265 TGT 1269,1274 SL 1261

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

8Sep

IForex Market Trading Signals and News of 08 September 2014

TRADING TIPS :

  • Forex-Euro left reeling after ECB’s liquidity splurge.
  • Forex-Euro steady ahead of ECB policy announcement.
  • Forex-GBP/USD remains near 7-month lows

EUR/USD
EUR/USD edged up 0.09% to 1.2957 but remained within close distance of Thursday’s 14-month low of 1.2918. The euro fell sharply after the ECB cut its benchmark interest rate to a record-low 0.05% from 0.15%, surprising most market analysts who had expected no change.In addition, ECB President Mario Draghi said the bank will begin an asset-backed securities program, to purchase non-financial assets, including covered bonds.The ECB also cut its forecast for growth this year to 0.9% down from 1.0% previously.Earlier Friday, official data showed that German industrial production rose 1.9% in July, beating expectations for an uptick of 0.3%, after a revised 0.4% increase in June.

GBP/USD
GBP/USD hit 1.6287 during European morning trade, the pair’s lowest since February; the pair subsequently consolidated at 1.6319, easing 0.06%.Cable was likely to find support at 1.6250 and resistance at 1.6465, Thursday’s high.The pound came under broad selling pressure on Thursday after the BoE voted to keep interest rates on hold at 0.5% and to keep the size of its asset purchase program unchanged at £375 billion.The minutes of the meeting, due to be published in two weeks, would indicate how many monetary policy committee members voted in favor of a rate hike. The MPC was split last month, with two members voting in favor of a rate increase and two against.

RECOMMENDATION :

1. Buy EUR/USD Above 1.3004-TG:1.3024/1.3054 SL 1.2974
2. Sell EUR/USD Below 1.2898-TG: 1.2878/1.2848 SL 1.2928

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

8Sep
sgx 08 sep 14

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

MARKET UPDATES :

  • THE Straits Trading Company Limited (Straits Trading) has agreed to sell the Straits Trading Building to the Sun Venture Group for S$450 million. Straits Trading is expected to realise an estimated capital gain of S$39 million on the sale, based on the building’s latest book value as at June 30, 2014. Based on historical cost, the gain to the company will be S$373 million,
  • THE Maritime and Port Authority of Singapore (MPA) on Friday said it has cancelled the bunker supplier and bunker craft operator licences of Northwest Resources Pte Ltd from September 1, 2014. This means Northwest Resources will no longer be allowed to operate as bunker supplier and bunker craft operator in the Port of Singapore.
  • GOLD exploration and mining group, Wilton Resources Corporation Limited, said that latest updates showed higher gold estimates at its Ciemas Gold project in West Java, Indonesia. The company, formed after a reverse take-over of Hartawan Holdings, said the updates came from a mineral resource report in June from SRK Consulting China Limited.
  • DMG Research has maintained its ‘buy’ call on Keppel Corporation and has pegged a target price of S$12.50 a share for the diversified marine conglomerate. This, after the group announced that it was in the process of finalising contracts with Golar Gimi Limited, a subsidiary of Golar LNG, to perform the conversion of a second LNG carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV).

STOCK RECOMMENDATION :

  • BUY OVERSEA CHINESE BANKING ABOVE 9.760 TG 9.860, 9.980, 10.200 SL 9.640

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

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