Daily Archives: September 26, 2014

26Sep
Forex Signals

IForex Market Trading Signals and News of 26 September 2014

TRADING TIPS :

  • Forex-Dollar hits fresh 4-year highs vs. rivals on U.S. optimism.
  • Forex- Pound slips lower against stronger dollar .
  • Forex-Euro slips to fresh 14-month lows vs. dollar.

EUR/USD
EUR/USD hit 1.2763 during late Asian trade, the pair’s lowest since July 2013; the pair subsequently consolidated at 1.2757, slipping 0.18%.The pair was likely to find support at 1.2754 and resistance at 1.2864, Wednesday’s high. The euro came under pressure after European Central Bank President Mario Draghi said on Wednesday that the bank will keep its monetary policy “accommodative” for as long as needed, and will use every tool at its disposal to fight deflation.Demand for the dollar found further support after a report showed that U.S. new home sales data rose 18.0% last month to 504,000 units, the highest level since May 2008.The pound had strengthened earlier in the week as investor focus returned to the outlook for U.K. monetary policy in the wake of last week’s Scottish independence referendum.

GBP/USD
GBP/USD hit 1.6276 during European morning trade, the pair’s lowest since September 18; the pair subsequently consolidated at 1.6293, shedding 0.28%.Cable was likely to find support at 1.6244, the low of September 18 and resistance at 1.6416, Wednesday’s high.The dollar found further support after a report on Wednesday showed that U.S. new home sales data rose 18.0% last month to 504,000 units, the highest level since May 2008.Earlier in the week, a report showed that the U.S. manufacturing sector expanded in September, matching the rate of growth seen in the previous month, which was the strongest in over four years.The strong data added to expectations that the Fed will hike interest rates sooner than markets are expecting.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2752-TG:1.2772/1.2802 SL 1.2722
2. Sell EUR/USD Below 1.2673-TG:1.2653/1.2623 SL 1.2703

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

26Sep

Comex Commodity Trading Signals and Market News – 26 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose in Asia on Friday in continued gains from overnight on political and economic uncertainty. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,222.80 a troy ounce, up 0.12% after hitting an overnight session low of $1,207.40 and off a high of $1,225.10.Overnight, gold futures rose as investors sought safety in the precious metal amid a global stock market meltdown, though prices moved in a whipsaw fashion thanks to hawkish comments out of the Federal Reserve that strengthened the dollar. Stock markets plunged on Thursday on news Russia may consider a proposal allowing Moscow to seize foreign assets, which spooked investors across the globe. A draft law, a response to Western sanctions slapped on the country for its alleged meddling in the Ukraine conflict, was sent to the Russian parliament Wednesday.

Crude oil prices rose in early Asia trade on Friday as political and economic uncertainty kept the commodity well bid. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $92.59 a barrel, up 0.06%, after hitting an overnight session low of $92.11 a barrel and a high of $93.54 a barrel. Brent oil rose 0.1% to $97 a barrel on ICE Futures Europe Thursday. Overnight, crude prices traded near session lows despite relatively solid U.S. data, as concerns the global economy is awash in oil watered down demand for the commodity. News Russia may consider a proposal allowing Moscow to seize foreign assets spooked investors across the globe.

Natural gas prices carried Wednesday’s gains into Thursday after updated weather-forecasting models continued to call for cooler temperatures to trek across the U.S. in October On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.32% at $3.978 per million British thermal units during U.S. trading. The commodity hit a session low of $3.886, and a high of $3.995.The November contract settled up 2.48% on Wednesday to end at $3.965 per million British thermal units. Natural gas futures were likely to find support at $3.845 per million British thermal units, Tuesday’s low, and resistance at $4.100, the high from Sept. 17.

Crude prices edged higher on Wednesday on the coattails of upbeat U.S. inventory data, though concerns the world is awash in oil at a time when global demand remains soft sent futures dipping into negative territory at times. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded up 0.22% at $91.76 a barrel during U.S. trading. New York-traded oil futures hit a session low of $91.13 a barrel and a high of $92.11 a barrel.

RECOMMENDATION :

  • BUY GOLD ABOVE 1227 TGT 1231,1236 SL 1222
  • SELL GOLD BELOW 1220 TGT 1216,1211 SL 1225

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

26Sep
sgx 26 sep 14

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

MARKET UPDATES :

  • Singapore shares fell on Thursday with the benchmark Straits Times Index down 1.82 points to close at 3,290.99. Volume was 1.26 billion shares worth S$701.3 million. Losers outnumbered gainers 212 to 195.
  • SINGAPORE’S total population stood at 5.47 million in June 2014, up 1.3 per cent from June 2013, making it the slowest growth rate in the last decade.According to the 2014 Population in Brief publication issued by the National Population and Talent Division (NPTD) on Thursday, there are 3.34 million Singapore citizens as at end June 2014. This is up from the 3.31 million in the previous year. The permanent resident population slipped marginally to 527,700 from 531,200 previously. Resident population was at 3.87 million, up from 3.84 million. Non-residents comprising individuals holding work passes, dependants and international students made up 1.60 million, up from 1.55 million.
  • THE Central Provident Fund (CPF) Board said on Thursday it will be lowering the cost of investing under the CPF Investment Scheme (CPFIS) by reducing the limits on the total expense ratio (TER) for unit trusts and investment- linked insurance products by 0.2 per cent to 0.3 per cent. TER refers to the ongoing costs of operating a fund, expressed as a percentage of the fund’s average net asset value. The costs include investment management fees, trustee fees, as well as audit fees. The TER caps for lower risk funds such as money market products under the CPFIS, for example, will drop from 0.65 per cent to 0.35 per cent. Higher risk funds such as equities will go down from the current 1.95 per cent to 1.75 per cent.
  • THE 44 properties sold through auctions last year and this year, 80 per cent were successfully hammered upon their first appearance, JLL said on Thursday. These include the two largest auction transactions so far this year. One transaction comprised four strata office units in Orchard Shopping Centre, which fetched S$8.55 million in March; the other was a freehold residential development site in Brighton Crescent which sold for S$9.1 million on Wednesday at an auction conducted by Colliers International. JLL said nine properties have been sold at auctions so far this quarter for a total S$30.46 million. This compares with nine properties transacted for a total S$9.28 million in Q2 this year.
  • ZURICH Life Singapore has appointed Jamie McNish to the newly created position of chief sales officer effective Dec 15, 2014. Mr McNish will oversee all distribution related activities for the expatriate and local Financial Advisor channels as well as banks. He will report directly to Peter Huber, CEO of the company’s Life business in SingaporeSaid Mr Huber: “This further strengthening of Zurich’s distribution team is a clear demonstration of the progress we have made in deepening our leadership position in the market using our multi-distribution strategy. I am delighted to welcome Jamie to our growing team, and I am confident that his extensive experience in the insurance and wealth management space will greatly enhance our network and presence in Singapore
  • SINO Construction Limited intends to make an off-market takeover bid for Australian-listed Guildford Coal (GUF). The takeover bid will be made at a bid price of A$0.0613 (approximately S$0.069) per GUF share. The consideration will be satisfied via an allotment and issue of one new ordinary share in Sino Construction for every 4.5 GUF Shares. Based on the issued and paid-up share capital of GUF, up to 229,639,650 new shares may be issued as the consideration for the takeover bidThis takeover bid follows the group entering non-binding terms with GUF to acquire all of the latter’s portfolio of coal assets in Australia for a total consideration of US$25 million and a payment of ongoing royalty. The management of Sino Construction is now of the view that it is more advantageous to acquire all of GUF’s assets, including its coal producing assets in Mongolia, said Sino Construction on Thursday .
  • The family behind home-grown developer and construction firm Lee Kim Tah Holdings is taking the company private in a S$1.08 per share takeover offerThrough the investment vehicle Lee Kim Tah Investments founded by the late chairman Lee Kim Tah, the Lee family already owns 71.34 per cent of the group.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 7.000 TG 7.070, 7.160, 7.260 SL 6.900

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