Daily Archives: September 19, 2014


IForex Market Trading Signals and News of 19 September 2014


  • Forex-Dollar rallies to 6-year highs vs. yen after Fed guidance.
  • Forex- Bitcoin rises from 4-month low on bargain buying.
  • Forex-Euro pares gains after ECB TLTRO falls short.

EUR/USDwas last up 0.11% to 1.2870, off session highs 1.2907 and not far from the 14-month lows of 1.2833 struck overnight .The euro slipped after the ECB said it allotted €82.6 billion to 255 bidders in its new Targeted Long Term Refinancing Operation, or TLTRO. That was well below the €100 to €150 billion predicted by analysts.The pair was likely to find support at 1.2833 and resistance at 1.2945.A second operation will be held in December. The ECB is offering up to €400 billion of cheap liquidity under eight TLTRO operations in order to encourage lenders to offer credit to small businesses .

GBP/USDrising 0.21% to 1.6309 as investors awaited the outcome of Scotland’s closely watched independence referendum sterling found support after data on Thursday showed that U.K. retail sales rose 0.4% in August in line with forecasts.The pound edges higher against the U.S. dollar on Thursday, after data showed that U.K. retail sales rose in line with expectations in August, while markets eyed the outcome of a highly anticipated vote on Scottish I independence.Year-on-year, retail sales rose at a 3.9% rate in August, below expectations for a 4.1% gain, after r rising at a rate of 2.5% in July.Core retail sales, which exclude automobile sales, increased by 0.2% last month, compared to forecasts for a 0.3% gain .


1. Buy EUR/USD Above 1.2900-TG:1.2920/1.2950 SL 1.2875
2. Sell EUR/USD Below 1.2858-TG:1.2838/1.2808 SL 1.2888

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Comex Commodity Trading Signals and Market News – 19 September 2014


Gold prices fell on Thursday after investors digested the Federal Reserve’s Wednesday statement on interest rates and concluded that tighter monetary policy is drawing closer and usher in a strengthening trend for the dollar. Gold and the greenback tend to trade inversely with one another On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,227.00 a troy ounce during U.S. trading, down 0.72%, up from a session low of $1,216.60 and off a high of $1,228.50.The December contract settled down 0.06% at $1,235.90 on Tuesday.

Crude oil prices rebounded slightly in Asia on Friday even as storage woes for bulging crude supplies hang over the market as production outpaces demand for now. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $92.05 a barrel, up 0.08%, after hitting an overnight session low of $91.84 a barrel and a high of $93.59 a barrel. Brent oil fell 1.3% to $97.70 on ICE Futures Europe Thursday.

Natural gas prices dropped on Thursday after data showed that U.S. stockpiles surpassed the five-year average last week On the New York Mercantile Exchange, natural gas futures for delivery in October were down 1.76% at $3.943 per million British thermal units during U.S. trading. The commodity hit a session low of $3.905, and a high of $4.027.The October contract settled up 0.45% on Tuesday to end at $4.013 per million British thermal units. Natural gas futures were likely to find support at $3.786 per million British thermal units, last Friday’s low, and resistance at $4.078, the high from Sept. 2.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended Sept. 12 rose by 90 billion cubic feet, broadly in line with market expectations.

Natural gas futures extended losses on Thursday, after data showed that U.S. natural gas supplies rose more than the five-year average last week. On the New York Mercantile Exchange, natural gas for delivery in October tumbled 7.4 cents, or 1.86%, to trade at $3.942 per million British thermal units during U.S. morning hours. Prices were at $3.980 prior to the release of the supply data. A day earlier, natural gas futures rose to $4.040, the most since September 2, before settling at $4.013, up 1.8 cents, or 0.45%.


  • BUY GOLD ABOVE 1230 TGT 1234,1239 SL 1225
  • SELL GOLD BELOW 1223 TGT 1219,1214 sl1228

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sgx 19 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 19 September 2014


  • SINGAPORE households earned an average of S$10,500 a month in 2012/2013, more than the S$8,110 they pulled in five years ago while their spending on goods and services also clicked higher to S$4,720 from S$3,810 over the same period.These findings were released by Singapore’s Department of Statistics’ report on household expenditure based on a survey conducted from October 2012 to September 2013.Average monthly household income from all sources rose 5.3 per cent a year in nominal terms between 2007/08 and 2012/13. Across all income groups, households saw their income grow; those in the lowest to middle income quintiles saw income increase by 6.1 to 6.6 per cent per annum and faster than the income growth of households in the top two quintiles.
  • FRASERS Centrepoint Ltd’s S$600 million debut perpetual issue, the largest perpetual deal this year has been snapped up, said DBS Bank on Thursday.The hot demand led to the NC-5 perpetual bonds being priced at 4.88 per cent, lower than the initial guidance of 5.00 per cenNC-5 means the bonds cannot be redeemed by the issuer until the fifth year, or Sept 24, 201 Orders were in excess of S$3.5 billion, said DBS.
  • SINGAPORE has become the only developed economy to make it onto the Milken Institute’s top 10 list of Asia’s Best- Performing Cities, coming in at eighth place.This index of 24 cities, the institute’s first, is based on economic measures such as the growth of jobs, incomes and high value-added industries such as manufacturing and financial services.”Singapore exhibits how to transition from a low-cost location to an open international economy based on human capital, research and innovation capacities,” the report said.Shenzhen took pole position in the index, followed by Guangzhou, Chengdu and Tianjin, which rounded out the top four. Delhi and Kuala Lumpur were fifth and sixth, respectively. Beijing came in seventh, while Ho Chi Minh City and Shanghai brought up the rear in their respective ninth and 10th spots.
  • THE average monthly household income in Singapore has gone up across the board, a new government survey has found. According to the latest Household Expenditure Survey (HES), the average monthly household income from all sources was S$10,500, up from S$8,110 in the previous survey five years ago. This is an increase of 5.3 per cent per annum in nominal terms and outpaced inflation, which averaged 3.1 per cent in 2013.This survey is done every five years by the Department of Statistics (DOS). For the latest report, field interviews were conducted with 8,575 Singaporean and permanent resident households from October 2012 to September 2013.
  • METAL Component Engineering (MCE) has signed a non-binding Memorandum of Understanding (MOU) with Hangzhou Honghua Digital Technology Stock Co Ltd (Atexco) to develop a new digital textile printer.The Catalist-listed company is hoping the MOU with Atexco, which designs and makes the Vega range of digital textile printers, as well as a range of carpet and graphic printers, will propel it to become a key player in the fast-changing digital textile printing industry.”This collaboration elevates MCE from a traditional precision engineering firm to a company capable of co-developing products and the assembly of highly complex electro-mechanical products,” Chua Kheng Choon, chairman and CEO of MCE, said.
  • Singapore eDevelopment (SeD) has raised S$40.6 million in net proceeds from a rights issue which drew a subscription of 94.85 per cent.Some 53 per cent or 7.8 billion rights shares and 6.2 billion of excess rights shares or 42 per cent were subscribed for under SeD’s 12-for-one rights issue and one bonus share for every rights share. The total of 14 billion rights shares represent 94.9 of total rights shares that were available for subscription.


  • BUY JARDINE CYCLE ABOVE 43.600 TG 43.900, 44.200, 44.600 SL 43.300

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