Daily Archives: September 17, 2014

sgx 18 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 18 September 2014


  • THE Singapore Exchange (SGX) is seeking public feedback on proposals to implement a 20 Singapore-cent minimum trading price hurdle for Mainboard companies, and to give the exchange and new independent committees greater disciplinary powers Companies on the Watch List because their shares are below the minimum share price can either consolidate their shares, move to the Catalist board or seek a reverse takeover. The Watch List for Mainboard -listed companies that report three straight years of losses and have market capitalisation of below S$40 million will remain, although SGX is tweaking some aspects of that to make it more consistent with the minimum share price rules.
  • DEAL-MAKING activity moderated in the third quarter in Singapore from the relentless pace seen in the first two quarters of the year .The Republic saw mergers and acquisitions (M&A) deals of US$7.7 billion in the third quarter, down from US$29.4 billion in the first quarter and US$24.7 billion in the second, latest data from Thomson Reuters revealed. the total value of deals involving Singaporean companies for the past nine months stood at US$61.7 billion, surpassing the total volume last year of US$41.8 million.
  • THE HSBC Trade Confidence Index (TCI) in Singapore decreased slightly from six months ago, dropping five points to 110.Still, it remained above the neutral mark of 100 – indicating further growth in trade flows over the next six months.HSBC said that looking ahead, growth within the export sector is likely to be uneven, as “a number of manufacturing sub-sectors are suffering from a loss of competitiveness”.
  • UNITED Overseas Bank (China) on Wednesday said it plans to maintain its double-digit growth – on an annual compounded basis – over the next five years .This comes as it plans to strengthen its cross-border financing offerings as regional businesses link up with China .Over the last 12 months, UOB has increased its branch network by 30 per cent to 16 branches and sub- branches, it said .This includes opening its Shanghai (Pilot) Free Trade Zone (FTZ) sub-branch in June 2014.
  • THE number of billionaires in Singapore rose 18 per cent to 32 individuals, but their wealth rose by a relatively modest amount .The latest Wealth-X and UBS Billionaire Census finds that Singapore billionaire’s wealth rose just 1.6 per cent to US$65 billion. This is partly due to their exposure to Asian equity markets which have underperformed, and Singapore’s real estate market which has been on a downtrend .The average net worth of a Singapore billionaire is US$2 billion, and the average age is 62.Globally, 155 new billionaires were minted this year, representing a 7 per cent rise in the billionaire population to 2,325 individuals. Their combined wealth rose 12 per cent to US$7.3 trillion.
  • TRIYARDS will be placing up to 29.5 million new shares at 70 Singapore cents each to raise S$19.96 million in net proceeds, the group announced on Wednesday .The company said that it intends to use up to 90 per cent of the proceeds to fund its business expansion, including but not limited to capital expenditure, expansion of markets in relation to the group’s existing business, its product range and acquisitions .The balance will be used for general corporate purposes and working capital .The company had decided at its AGM last December to allot and issue new shares of up to 20 per cent of the company’s issued share capital.
  • SINGAPORE shares rebounded on Wednesday following a firmer Wall Street and hopes that the US Federal Reserve will adhere to its dovish stance .The Fed, which will conclude a two-day policy meeting on Thursday (Singapore time), has held the rate close to zero for more than five years, and stocks have surged against that backdrop .Higher interest rates mean that companies and consumers have to pay more to borrow, leaving them with lower profits and less money to spend.


  • BUY COMFORTDELGRO LTD ABOVE 2.460 TG 2.500, 2.550, 2.620 SL 2.400

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Forex Signals

IForex Market Trading Signals and News of 17 September 2014


  • Forex-GBP/USD slides lower after U.K. CPI data.
  • Forex- AUD/USD falls near 6-month lows after RBA minutes.
  • Forex-Dollar remains broadly supported, Fed meeting on tap.

EUR/USD was steady at 1.2945, remaining supported above the 14-month low of 1.2858 reached one week ago The pair was likely to find support at the 1.2900 level and resistance at around 1.2975.The euro showed little reaction after a report showed that the ZEW index of German economic sentiment fell to 6.9 this month, down from 8.6 in August.The gauge of current conditions dropped to 25.4 from 44.3 in August.The ZEW Institute said the fall was due to growing uncertainty over Germany’s economic outlook as a result of sanctions against Russia, and the subdued outlook for the euro zone economy.

GBP/USD hit 1.6168 during European morning trade, the pair’s lowest since September 10; the pair subsequently consolidated at 1.6175, sliding 0.36%.Cable was likely to find support at 1.6050, the low of September 10 and a ten- month low and resistance at 1.6278, Monday’s high.Official data showed that U.K. consumer price inflation rose . 0.4% in August, in line with market expectations, after a 0.3% fall the previous month.On a year-on-year basis, U.K. CPI slowed to 1.5% last month from 1.6% in July.U.K. core CPI, which excludes food, energy, alcohol, and tobacco, rose 1.9% last month, up from 1.8% in July. Analysts had expected core prices to rise 1.8% in August.


1. Buy EUR/USD Above 1.2951-TG:1.2971/1.3001SL 1.2931
2. Sell EUR/USD Below 1.2929-TG:1.2909/1.2879 SL 1.2959

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Comex Commodity Trading Signals and Market News – 17 September 2014


Gold prices rose on Tuesday in subdued trading as investors wanted to ditch neither gold nor the dollar until the Federal Reserve releases its statement on monetary policy on Wednesday. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,237.40 a troy ounce during U.S. trading, up 0.19%, up from a session low of $1,232.60 and off a high of $1,242.60. The December contract settled up 0.29% at $1,235.10 on Monday. Futures were likely to find support at $1226.30 a troy ounce, Monday’s low, and resistance at $1,279.20, last high from Sept. 4.

Crude oil prices in Asia declined on Wednesday despite a steep drop in U.S. stocks reported in the U.S. overnight by an industry survey. The American Petroleum Institute showed a 3.3-million-barrel increase in crude stocks last week, a 1.2-million-barrel draw from gasoline supplies and a 1-million-barrel build in distillate inventories. analysts expected the U.S. Department of Energy to report a 1.614 million barrel draw in crude stocks, a build of 486,000 barrels in distillates and a drop of 257,000 barrels in gasoline stocks. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $93.66 a barrel, down 0.17%, after hitting an overnight session low of $91.53 a barrel and a high of $94.09 a barrel.

Natural gas prices remained in positive territory on Tuesday, buoyed by U.S. weather forecasts for both warm and cool temperatures that should drive demand for both air conditioning and heating, respectively. On the New York Mercantile Exchange, natural gas futures for delivery in October were up 0.93% at $3.968 per million British thermal units during U.S. trading. The commodity hit a session low of $3.863, and a high of $3.977. The October contract settled up 1.92% on Monday to end at $3.931 per million British thermal units.

Oil prices shot up in U .S. trading on Tuesday amid reports that global oil cartel OPEC may trim output, while talk of fresh fighting in Libya also boosted prices. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded up 1.78% at $93.63 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.53 a barrel and a high of $94.09 a barrel. Nymex oil futures were likely to find support at $89.76 a barrel, Monday’s low, and resistance at $95.91 a barrel, the high from Sept. 2


  • BUY GOLD ABOVE 1240 TGT 1244,1249 SL 1235
  • SELL GOLD BELOW 1232 TGT 1228,1224 SL 1237

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