Monthly Archives: September 2014

11Sep

IForex Market Trading Signals and News of 11 September 2014

TRADING TIPS :

  • Forex-Dollar continues to trade near 14-month highs vs. rivals.
  • Forex-Stronger dollar hits fresh 6-year highs against yen.
  • Forex-AUD/USD drops to 6-month lows on Westpac report.

USD/JPY
USD/JPY rose to fresh six year highs and was last up 0.56% to 106.78.The yen remained under pressure after data on Monday showing that Japan’s second quarter economic contraction was larger than initially estimated, and another report showing that the country’s current account surplus fell short of expectations in July.The weak data indicated the economy is struggling to gain momentum and fuelled expectations for more stimulus from the Bank of Japan.Meanwhile, expectations that the Federal Reserve is growing closer to raising interest rates have continued to support demand for the greenback.

GBP/USD
GBP/USD fell to lows of 1.6053, the weakest since November and was last at 1.6091, 0.08% lower for the day. Cable was likely to find support at the 1.6025 level and resistance at around 1.6160.Sterling fell to session lows amid investor jitters ahead of the results of a new poll due to be released later Wednesday at 10.30 pm BST.The latest opinion poll published on Tuesday showed that support for Scottish pro-independence voters had increased ahead of the September 18 referendum.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 have sparked a broad based sell off in sterling. A study by the San Francisco Fed published on Monday indicated that central bank officials see rates rising earlier than markets expect.

RECOMMENDATION :

1. Buy USD/JPY Above 105.90-TG:106.10/106.40 SL 105.60
2. Sell USD/JPY Below 106.75-TG:106.55/106.25 SL 107.05

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

11Sep
sgx 11 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 11 September 2014

MARKET UPDATES :

  • EVENTS caterer Neo Group’s net profit for the six months ended July fell 9.1 per cent, from S$2.8 million to S$2.5 million.This was mainly due to the bottom line not capturing the full length of the Chinese New Year season in the period, as well as an increase in the sales team and advertising costs to drive business growth. Revenue climbed 21.2 per cent, from S$23.1 million to S$28 million, boosted by an increase in sales for the food catering business and food retail business.A tax-exempt interim dividend of 1.05 Singapore cent per share was proposed.
  • MAJOR companies in the Asean region remain firmly on their growth path, but they are increasingly using debt to finance a growing gap between cash inflows and investments, acquisitions and dividends. This, said Standard & Poor’s Rating Services, could pose a risk.”Asean companies are increasingly using debt to finance growth, and are likely to continue doing that over the next two years,” said Standard & Poor’s credit analyst Xavier Jean. The ratings agency estimates that internal cash flows and cash balances could fund only about half of almost US$300 billion that Asean’s largest companies spent on expansion and acquisitions between 2008 and the first quarter of 2014. At the same time, these companies issued about US$150 billion of additional debt to bridge the gap.
  • FORECASTERS are less optimistic about the Singapore economy than they were three months ago, according to the latest quarterly survey by Singapore’s central bank.The 22 private sector economists and analysts who responded to the Monetary Authority of Singapore’s (MAS) survey in August expect the republic’s gross domestic product (GDP) to expand 3.3 per cent in 2014 – lower than the 3.8 per cent median forecast in the June edition of the survey.The slip was due to softer growth expectations for all sectors within the Singapore economy, except for the finance & insurance segment, where growth projections have been kept intact.
  • Apple’s mobile wallet on the new iPhone 6, known as Apple Pay, will not be available in Singapore.”Apple Pay has been announced for the US only at this time,” said Fiona Martin, director of corporate communications at Apple in an emailed statement to the Business Times on Wednesday. “We have no further details as they relate to Singapore, however we will update you should any details be announced.”Apple Pay relies on a technology known as near field communication (NFC) to facilitate contactless payments.
  • SINGAPORE Technologies Engineering’s (ST Engineering) aerospace arm will establish an aircraft maintenance, repair, and overhaul (MRO) facility at the Pensacola International Airport, said the group on Wednesday. Under the agreement, the City of Pensacola, which is in Florida, will construct an aircraft hangar complex on 18.66 acres of greenfield land and lease it to VT Mobile Aerospace Engineering (VT MAE) for 30 years.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.800 TG 44.100, 44.500 SL 43.550

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

10Sep

Comex Commodity Trading Signals and Market News – 10 September 2014

INTERNATIONAL COMMODITY NEWS :

• BUY IRB INFRA FUTURE ABOVE 273.50 TG 274.10, 275, 276 SL 272.90 . On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,255.80 a troy ounce, up 0.58%, after hitting an overnight session low of $1,248.30 and off a high of $1,258.90. Overnight, expectations that the Federal Reserve will hike interest rates sooner rather than later in 2015 boosted the dollar on Tuesday and sent gold prices falling. The December contract settled down 1.03% at $1,254.30 on Monday. Futures were likely to find support at $1,241.20 a troy ounce, the low from June 5, and resistance at $1,279.20, last Thursday’s high.

Oil prices moved off nine-month lows on Tuesday, brushing off weak Chinese import data and Friday’s soft U.S. jobs report on hopes weekly supply data will reflect solid demand in the world’s largest consumer of crude. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded up 0.29% at $92.93 a barrel during U.S. trading. New York-traded oil futures hit a session low of $92.53 a barrel and a high of $93.94 a barrel. The October contract settled down 0.68% at $92.66 a barrel on Monday. Nymex oil futures were likely to find support at $91.24 a barrel, the low from Jan. 9, and resistance at $93.62 a barrel, Monday’s high.

Natural gas prices shot up on Tuesday after updated weather-forecasting models called below-normal temperatures to sweep across the northern U.S. and prompt households to crank up their heating. On the New York Mercantile Exchange, natural gas futures for delivery in October were up 2.88% at $3.988 per million British thermal units during U.S. trading. The commodity hit a session low of $3.855, and a high of $4.016. The October contract settled up 2.19% on Monday to end at $3.876 per million British thermal units. Natural gas futures were likely to find support at $3.761 per million British thermal units, Monday’s low, and resistance at $4.078, the high from Sept. 2.

• West Texas Intermediate oil futures bounced off an eight-month low struck in the previous session on Tuesday, ahead of the release of U.S. weekly supply data. On the New York Mercantile Exchange, crude oil for delivery in October inched up 0.56%, or 52 cents, to trade at $93.18 a barrel during U.S. morning hours. Prices held in a range between $92.77 and $93.94 a barrel.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1260 TGT 1264,1270 SL 1255
  • SELL GOLD BELOW 1252 TGT 1248,1243 SL 1257

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

10Sep
Forex Signals

IForex Market Trading Signals and News of 10 September 2014

TRADING TIPS :

  • Forex-Dollar hits 6-year highs against yen.
  • Forex-Dollar hits 14-month highs against currency basket.
  • Forex-AUD/USD hits 3-week lows on business confidence data.

USD/JPY
USD/JPY rose to six year highs of 106.34 and was last up 0.23% to 106.25.The yen remained under pressure after data on Monday showing that Japan’s second quarter economic contraction was larger than initially estimated, and another report showing that the country’s current account surplus fell short of expectations in July.The weak data raised expectations for further easing measures from the Bank of Japan to stimulate the economy.In contrast, the Federal Reserve is expected to wind up its asset purchase program in October and to start raising interest rates sometime in mid-2015. A study by the San Francisco Fed published on Monday indicated that central bank officials see rates rising earlier than markets expect.

GBP/USD
GBP/USD hit 1.6064 earlier during European morning trade, the lowest level since November and was last down 0.06% at 1.6095. Cable was likely to find support at around 1.5852 and resistance at the 1.6225 level.Official data showed that U.K. manufacturing production rose 0.3% in July, in line with expectations, after a 0.3% gain the previous month. A separate report showed that the U.K. trade deficit widened to £10.19 billion in July, from £9.41 billion in June. Analysts had expected the trade deficit to narrow to £9.10 billion in July.Meanwhile, the dollar found further support after a study by the San Francisco Federal Reserve published on Monday indicated that Fed officials see rates rising earlier than markets expect.

RECOMMENDATION :

1. Buy USD/JPY Above 105.80-TG: 106.00/106.30 SL 105.50
2. Sell USD/JPY Below 106.47-TG:106.27/105.97 SL 106.77

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

9Sep
sgx 10 sep 14

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

MARKET UPDATES :

  • 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.

STOCK RECOMMENDATION :

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

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

9Sep

Comex Commodity Trading Signals and Market News – 09 September 2014

INTERNATIONAL COMMODITY NEWS :

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.

TRADING STRATEGY :

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

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

9Sep

IForex Market Trading Signals and News of 09 September 2014

TRADING TIPS :

  • 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
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
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.

RECOMMENDATION :

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

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

8Sep
sgx 09 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 09 September 2014

MARKET UPDATES :

  • ONLINE gambling will soon be prohibited in Singapore, if the Remote Gambling Bill – tabled for the first time in Parliament on Monday – is passed Through a set of blocking measures – including website and payment blocking – the government will outlaw and criminalize all remote gambling activities, defined as gambling through means such as the Internet, telephone or other kinds of communications technology.
  • 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.
  • RESALE prices of non-landed private homes rose a slight 0.4 per cent on flat sales volume in August, compared with July. August’s price gain was led by the city area and city fringes, which reported increases of 4.8 per cent and 1.5 per cent respectively.
  • STARHUB customers now have access to 4G data roaming services on 25 mobile networks across 21 countries – the largest number of roaming destinations so far, the telco said on Monday. STARHUB customers now have access to 4G data roaming services on 25 mobile networks across 21 countries – the largest number of roaming destinations so far, the telco said on Monday.

STOCK RECOMMENDATION :

  • Buy Jardine cycle above 44.550 TG 44.750, 45.050, 45.450 SL 44.250

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

8Sep

Comex Commodity Trading Signals and Market News – 08 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gain in Asia on Monday, underpinned by physical demand ahead of the main gold buying season in India. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,268.80 a troy ounce, up 0.12%, after gaining 0.06% to settle at $1,267.30 a troy ounce by close of trade on Friday. The Indian festival of lights, Diwali, lies ahead as well as a traditional time for wedding celebrations with gold a common gift on both occasions. the Department of Labor said that the U.S. economy added 142,000 jobs in August, the lowest amount in eight months and less than the expected increase of 225,000. Despite Friday’s modest gains, Comex gold prices lost 1.56%, or $20.10, on the week, as the U.S. dollar rose to a 13-month peak against a basket of currencies.

• U.S. natural gas futures ended Friday’s session close to a three-week low as concerns over a slowdown in demand weighed. On the New York Mercantile Exchange, natural gas for delivery in October shed 0.68%, or 2.6 cents, to settle at $3.793 per million British thermal units by close of trade on Friday. Prices fell to $3.781 earlier in the session, the lowest since August 18. Futures were likely to find support at $3.760 per million British thermal units, the low from August 18 and resistance at $3.917, the high from September 3. On the week, Nymex natural gas prices lost 6.69%, or 27.2 cents.

Crude oil futures declined on Friday, following the release of disappointing U.S. employment data and as Ukraine and pro-Russian separatists agreed to a ceasefire. On the New York Mercantile Exchange, crude oil for delivery in October tumbled 1.23%, or $1.09, to end the week at $93.29 a barrel by close of trade on Friday. Nymex oil futures were likely to find support at $92.68 a barrel, the low from September 2, and resistance at $95.39 a barrel, the high from September 4.For the week, New York-traded oil futures lost 2.78%, or $2.67, the ninth weekly decline over the past 11 weeks. In a report, the Department of Labor said that the U.S. economy added 142,000 jobs in August, the lowest amount in eight months and less than the expected increase of 225,000.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1272 TGT 1276,1281 SL 1267
  • SELL GOLD BELOW 1265 TGT 1269,1274 SL 1261

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

8Sep

IForex Market Trading Signals and News of 08 September 2014

TRADING TIPS :

  • Forex-Euro left reeling after ECB’s liquidity splurge.
  • Forex-Euro steady ahead of ECB policy announcement.
  • Forex-GBP/USD remains near 7-month lows

EUR/USD
EUR/USD edged up 0.09% to 1.2957 but remained within close distance of Thursday’s 14-month low of 1.2918. The euro fell sharply after the ECB cut its benchmark interest rate to a record-low 0.05% from 0.15%, surprising most market analysts who had expected no change.In addition, ECB President Mario Draghi said the bank will begin an asset-backed securities program, to purchase non-financial assets, including covered bonds.The ECB also cut its forecast for growth this year to 0.9% down from 1.0% previously.Earlier Friday, official data showed that German industrial production rose 1.9% in July, beating expectations for an uptick of 0.3%, after a revised 0.4% increase in June.

GBP/USD
GBP/USD hit 1.6287 during European morning trade, the pair’s lowest since February; the pair subsequently consolidated at 1.6319, easing 0.06%.Cable was likely to find support at 1.6250 and resistance at 1.6465, Thursday’s high.The pound came under broad selling pressure on Thursday after the BoE voted to keep interest rates on hold at 0.5% and to keep the size of its asset purchase program unchanged at £375 billion.The minutes of the meeting, due to be published in two weeks, would indicate how many monetary policy committee members voted in favor of a rate hike. The MPC was split last month, with two members voting in favor of a rate increase and two against.

RECOMMENDATION :

1. Buy EUR/USD Above 1.3004-TG:1.3024/1.3054 SL 1.2974
2. Sell EUR/USD Below 1.2898-TG: 1.2878/1.2848 SL 1.2928

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

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