Daily Archives: September 29, 2014

29Sep
sgx 30 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 30 September 2014

MARKET UPDATES :

  • THE Manpower Ministry (MOM) has accepted the recommendation from representatives of unions, employers and the government that the current re-employment age ceiling of 65 be raised to 67 gradually and through the use of incentives, given that the Singapore labour market remains tight.MOM said on Monday that the Tripartite Committee on Employability of Older Workers (Tricom) had also proposed that the government offer incentives to encourage companies to re-employ their older workers aged above 65 in the interim, even before the legislation kicks in.
  • SINGAPORE share prices ended lower on Monday with the Straits Times Index down 2.49 points to 3,289.72.Volume was 1 billion shares worth S$682.1 million.Losers outnumbered gainers 222 to 186.
  • DBS Bank said on Monday that it has suspended services at four of its Hong Kong branches in Admiralty, Causeway Bay and Mong Kok until further notice, amid ongoing unrest in the former British colony.The bank said in a statement: “Our DBS Hong Kong and DBS Vickers offices, as well as other DBS branches are operating as normal. Customers are urged to visit our other branches for banking services. We apologise for any inconvenience caused.”
  • OCBC said on Monday that its subsidiary, Wing Hang Bank, has temporarily suspended operations at its United Centre branch at Admiralty in Hong Kong after pro-democracy protesters occupied streets in the Special Administrative Region of the People’s Republic of China .Patrick Chew, head of Operational Risk Management at OCBC Bank, said the suspension was due to “traffic conditions in the area”.
  • JTC Corporation on Monday launched two “confirmed list” sites at Tuas South Street 9 (Plot 50) and Tampines North Drive 1 (Plot 1) for sale, along with one “reserve list” site at Tuas South Street 6 (Plot 46).Reserve list sites are launched for tender only upon successful application by a developer, while confirmed list sites are launched according to schedule, regardless of demand.The two confirmed list sites are zoned for business-2 development, or heavier and more pollutive industrial use.
  • UOB’s Hong Kong franchise remains open for business, the Singapore bank said on Monday after riot police pulled back from pro-democracy demonstrations that left more than 40 people injured and disrupted the former British colony.”We are monitoring the situation closely and are ready to implement our business continuity plans if needed,” a spokesman said.The spokesman added that the bank takes a long-term view of its business in Hong Kong, one of the world’s international financial centres.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.800 TG 6.880, 6.980, 7.100 SL 6.700

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

29Sep

Comex Commodity Trading Signals and Market News – 29 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased further in Asia on Monday as investors expect continued dollar strength on an expected Federal Reserve rate hike sometime next year. On the Comex, gold futures for December delivery traded at $1,217.80 a troy ounce, down 0.08%.Last week, gold futures ended close to their lowest levels of the year as the U.S. dollar notched up its eleventh consecutive week of gains, hitting investor demand for the precious metal. A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Crude oil prices fell in ASia on Monday with the supply outlook prompting profit taking after last week’s gains on solid U.S. GDP data. Crude oil for delivery in November traded at $93.07 a barrel, down 0.34%, as investors took profits on last week’s gain. Last week, U.S. crude oil futures rose, boosted by expectations that accelerating economic growth would support demand, while Brent oil futures ended flat, narrowing the gap between the two contracts to the smallest in nearly a year. Brent oil for November delivery ended last week almost unchanged at $97.02 a barrel on the ICE Futures Exchange in London and ended the week down 1.07%.

Natural gas prices moved up and down on Friday after updated weather forecasting models called for mild temperatures in the coming days, which should curb demand for both air conditioning and heating. Trading was choppy, however, as longer-term models predicted significant cooling in the eastern U.S. later in October. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.39% at $4.030 per million British thermal units during U.S. trading. The commodity hit a session low of $3.970, and a high of $4.034.The November contract settled up 1.24% on Thursday to end at $4.014 per million British thermal units.

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 1,224.00 a troy ounce during U.S. trading, up 0.37%, up from a session low of $1,207.40 and off a high of $1,225.10.The December contract settled down 0.20% at $1,219.50 on Wednesday.

RECOMMENDATION :

  • BUY GOLD ABOVE 1215 TGT 1211,1207 SL 1220
  • SELL GOLD BELOW 1222 TGT 1226,1231 SL 1207

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

29Sep
forex-trading3

IForex Market Trading Signals and News – 29 September 2014

TRADING TIPS :

  • Forex-Dollar steady, near 4-year peak ahead of U.S. data.
  • Forex-Asian Currencies Decline for Fourth Week on Fed Rate Outlook .
  • Forex-Joining Euro Risks Denting Lithuania’s Fiscal Resolve: Economy.

EUR/USD
EUR/USD hit 1.2738 during late Asian trade, the session low; the pair subsequently consolidated at 1.2742, dipping 0.06%.The pair was likely to find support at 1.2660 and resistance at 1.2864, the high of September 24.The euro remained under pressure after data showed that the Gfk German consumer climate index ticked down to 8.3 this month, from a reading of 8.6 in August. Analysts had expected the index to slip to 8.5.The report added to concerns over the outlook for growth in the euro zone’s biggest economy as data on Wednesday showed that Germany’s Ifo business confidence index deteriorated for the fifth successive month in September.

GBP/USD
GBP/USD hit 1.6286 during European morning trade, the session low; the pair subsequently consolidated at 1.6315, easing 0.01%.Cable was likely to find support at 1.6244, the low of September 18 and resistance at 1.6416, the high of September 24.Demand for the dollar remained supported by mounting expectations for an early U.S. rate hike.Dallas Federal Reserve President Richard Fisher signalled on Thursday that the U.S. central bank may start raising interest rates around the spring of 2015.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.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2745-TG:1.2765/1.2795 SL 1.2715
2. Sell EUR/USD Below 1.2672-TG:1.2652/1.2622 SL 1.2702

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

29Sep
sgx 29 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 29 September 2014

MARKET UPDATES :

  • Singapore shares finished the day higher on Friday with the benchmark Straits Times Index up 1.22 points to close at 3,292.21 Volume was 1.19 billion shares worth S$763.1 million. Losers outnumbered gainers 252 to 150.
  • Singapore sovereign wealth fund GIC said on Thursday it had bought a stake in RAC Ltd, Britain’s second largest roadside recovery firm, from private equity fund Carlyle Group LP for an undisclosed amount. GIC did not specify the size of the stake it had bought, but said it and Carlyle will now jointly own a majority stake in RAC, with the company’s management holding the remaining stake. Carlyle Group bought RAC Ltd in 2011 for US$1.63 billion. A person familiar with the GIC transaction said RAC now had an enterprise value, including debt, of around 2 billion pounds(S$4,136,248,009). The stake sale to GIC now means Carlyle Group will hold off on an initial public offering for RAC Ltd for now, the statement added.
  • SINGAPORE’S industrial output grew at a slower pace than expected in August at 4.2 per cent, as expansions in the biomedical manufacturing and electronics sectors offset a contraction in transport engineering activity. Economists polled by Bloomberg before the Economic Development Board (EDB) released the data on Friday had been expecting industrial production to rise by 4.9 per cent Excluding the volatile biomedical sector – which grew 9.7 per cent last month – output would have risen by a smaller 3 per cent . The electronics cluster, which retains the largest weight of 33.4 per cent on the industrial production index, swung back from contraction mode in August. Electronics production increased 7.2 per cent, in part due to a low base last year when demand was weak for the computer peripherals segment.
  • THE Agency for Science Technology and Research (A*Star), Nanyang Technological University (NTU) and National Healthcare Group (NHG) on Friday inked a deal to collectively invest S$100 million in the Rehabilitation Research Institute of Singapore (RRIS) Speaking at the opening of the Singapore Health & Biomedical Congress 2014, Health Minister Gan Kim Yong said the institute aims to develop innovative technologies in the field of rehabilitation medicine, by leveraging the scientific, engineering and clinical expertise of its founding partners Some S$100 million will be channelled towards developing research capabilities, new technologies and strengthening the talent pipeline Key areas of study will include stroke and neurological rehabilitation, clinical robotics and biomechanics .
  • Asian shares got off to a rocky start on Friday after a sharp drop on Wall Street, which curbed enthusiasm for the dollar even after the US unit touched multi-year highs in the previous session. US stocks ended sharply lower, as Apple Inc broke under key technical levels after the tech giant withdrew an update to its new operating system. That pushed the S&P 500 to its biggest one-day decline since July. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent in early trade, poised for a weekly loss over 2 per cent..
  • TEHO International on Thursday announced that it had entered into a non-binding letter of intent with Eric Cheng and three others to acquire a full stake in ECG Property Services for S$17 million.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.850 TG 6.920, 7.000, 7.100 SL 6.750

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

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