Daily Archives: September 9, 2014

sgx 10 sep 14

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


  • SWIBER Holdings has priced 450 million yuan (S$92.5 million) in principal amount of 7.75 per cent fixed rate notes due 2017, the group said on Monday night.Net proceeds raised will be used for financing the general working capital and capital expenditure requirements of the group.
  • 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.
  • THE second quarter was “pretty muted” for Singapore telcos, with all of them reporting results that were were within expectations amid the still-intense competition in the fibre broadband market, OCBC Investment Research said in a Monday report. SingTel saw a 2 per cent year-on-year earnings drop while StarHub reported a 6 per cent decline; only M1 bucked the trend and saw a 12 per cent jump instead.
  • MORE small and medium-sized enterprises (SMEs) are facing rising business costs and seeing a drop in profit margins, an annual SME survey conducted by the Singapore Chinese Chamber of Commerce & Industry (SCCCI) found. Rising business costs, on the back of climbing employee salaries and rentals, is just one of the two key challenges that SMEs face. They also struggle with manpower shortage.


  • BUY JARDINE STRATEGIC HOLDING ABOVE 37.650 TG 38.000, 38.300, 38.700 SL 37.300

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Comex Commodity Trading Signals and Market News – 09 September 2014


Natural gas prices posted solid gains on Monday after investors felt forecasts for milder U.S. weather sent the commodity falling to attractively-priced levels. On the New York Mercantile Exchange, natural gas futures for delivery in October were up 1.83% at $3.863 per million British thermal units during U.S. trading. The commodity hit a session low of $3.767, and a high of $3.878. The October contract settled down 0.68% on Friday to end at $3.793 per million British thermal units. Natural gas prices took a dive last week after weather forecasts called for below-normal temperatures to move across the country this week, which should cut into demand for air conditioning and prompt thermal power plants to burn less of the commodity as a result.

Oil prices moved to nine-month lows on Monday after weak Chinese import data and Friday’s soft U.S. August jobs report stoked demand concerns, especially at a time when global supply remains ample. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded down 1.06% at $92.30 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.81 a barrel and a high of $93.61 a barrel. The October contract settled down 1.23% at $93.29 a barrel on Friday. Nymex oil futures were likely to find support at $91.24 a barrel, the low from Jan. 9, and resistance at $95.91 a barrel, last Tuesday’s high. Data released earlier showed that China’s exports rose more than forecast in August, though imports fell unexpectedly, underlining concerns over the health of the world’s second largest economy.

Gold prices rebounded in early Asia on Tuesday with physical deman in focus ahead of a traditional season of Indian buying. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,257.30 troy ounce, up 0.24%, after hitting an overnight session low of $1,252.20 and off a high of $1,272.50. Overnight, gold prices edged lower after the dollar moved higher as investors shrugged off Friday’s weak August jobs report and bet more upbeat economic indicators will continue to hit the wire down the road. Federal Reserve Chair Janet Yellen has said that slackness persists in the labor market despite an improving economy, and Friday’s data sent investors rethinking timetables as to when interest rates may rise in the U.S., seen by many taking place in 2015.


  • BUY GOLD ABOVE 1258 TGT 1262,1267 SL 1253
  • SELL GOLD BELOW 1252 TGT 1248,1243 SL 1257

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IForex Market Trading Signals and News of 09 September 2014


  • Forex-Dollar at 14-month highs as sterling tumbles.
  • Forex-Euro steady near 14-month lows against dollar.
  • Forex-USD/CHF edges up near 1-year highs after Swiss data.

EUR/USD dipped 0.05% to trade at 1.2946, not far from last Thursday’s lows of 1.2919.The pair was likely to find support at the 1.29 level and resistance at around 1.2987, Friday’s high.The euro pushed higher against the dollar on Friday after data showed that the rate of U.S. job creation slowed in August, indicating that rates could remain on hold at record lows for longer.The U.S. economy added 142,000 jobs last month, disappointing expectations for jobs growth of 225,000. The unemployment rate ticked down to 6.1% from 6.2% in July, as more people exited the labor force.The euro rose to two week highs against the broadly weaker pound, with EUR/GBP last up 0.93% to 0.8007.

GBP/USD was down 1.30% to 1.6112, the weakest since November 21 from 1.6324 late Friday.The selloff in sterling was sparked after an opinion poll over the weekend showed that Scottish pro-independence voters moved narrowly into the lead for the first time, ahead of next week’s vote.Financial markets were hit by uncertainty over what currency an independent Scotland would use, as well as concerns over how much of the U.K. national debt it would take on.EUR/USD dipped 0.02% to trade at 1.2948,not far from last Thursday’s lows of 1.2919.Economic confidence in the euro area deteriorated sharply this month data on Monday showed, despite the European Central Bank’s latest measures to shore up growth and inflation in the region.


1. Buy EUR/USD Above 1.2976-TG:1.2996/1.3026 SL 1.2946
2. Sell EUR/USD Below 1.2907-TG: 1.2887/1.2857 SL 1.2937

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