Monthly Archives: October 2014

31Oct

Comex Commodity Trading Signals and Market News – 31 October 2014

INTERNATIONAL COMMODITY NEWS :

• Gold prices gained slightly on Friday in Asia on a rebound from overnight dips as investors eyed growth demand cues for further direction. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery rose 0.12% to $1,200.00, after hitting an overnight session low of $1,195.70 and off a high of $1,216.50. Overnight, gold prices dropped in the wake of upbeat U.S. growth data and a Federal Reserve decision to close its monthly bond-buying program. Ultra-loose U.S. monetary policies that have supported gold prices since the 2008 financial crisis are on their way out now that the economy is gaining steam.

• Crude oil prices fell on Friday in Asia with the focus on demand prospects from major importers like China as the U.S. recovery shows renewed signs of strength. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded down 0.04% at $80.91 a barrel during U.S. trading, after hitting an overnight session low of $80.81 a barrel and off a high of $82.09 a barrel. Overnight, crude oil futures fell after upbeat U.S. growth data and a Federal Reserve decision to close its monthly bond-buying program bolstered the dollar.

• The global Brent contract ended down 1% at $86.24 a barrel on the ICE Futures Europe exchange Thursday.

• With expectations building for heating demand to rise in the coming days. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 1.03% at $3.827 per million British thermal units during U.S. trading. The commodity hit a session low of $3.771, and a high of $3.834. The December contract settled up 1.53% on Wednesday to end at $3.788 per million British thermal units. Natural gas futures were likely to find support at $3.620 per million British thermal units, Tuesday’s low, and resistance at $3.955, the high from Oct. 14. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ending Oct. 24 rose by 87 billion cubic feet, above expectations for an increase of 85 billion and compared to a gain of 94 billion in the previous week.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1201 TGT 1205,1210 SL 1196
  • SELL GOLD BELOW 1195 TGT 1191,1186 SL 1200

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

31Oct
forex-trading3

IForex Market Trading Signals and News – 31 October 2014

TRADING TIPS :

  • Forex-Dollar pares back gains before U.S. GDP report.
  • Forex-Euro off lows vs. dollar after euro zone data.
  • Forex- Dollar index hits 3-1/2 week highs after Fed ends QE

EUR/USD
EUR/USD was down 0.41% to 1.2580, off session lows of 1.2555.The single currency found support after official data showed that the number of people unemployed in Germany fell by 22,000 this month, compared to expectations for a gain of 5,000.The country’s unemployment rate was unchanged at 6.7%.The report came after data showing that Spain’s economy grew 0.5% in the three months September, and expanded 1.6% on a year-over- year basis, both in line with forecasts.A separate report showed that the annual rate of inflation in Spain remained below zero this month, falling 0.1% after declining 0.2% in September.

NZD/USD
NZD/USD hit 0.7774 during late Asian trade, the pair’s lowest since October 6; the pair subsequently consolidated at 0.7794, easing 0.10%. The pair was likely to find support at 0.7712, the low of October 6 and resistance at 0.7904, the high of October 27.In a widely expected move, the RBNZ held its benchmark interest rate at 3.50% and signaled that borrowing costs should remain on hold for an extended period of time. Commenting on the decision, RBNZ Governor Graeme Wheeler said the New Zealand dollar’s current level “remains unjustified and unsustainable,” adding that he expects “a further significant depreciation.”The U.S. central bank said that althoughthe jobs market is strengthening, there is still room for improvement, but not “significant improvement,” as it has said previously, in the labor market participation rate.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2619-TG:1.2639/1.2669 SL 1.2589
2. Sell EUR/USD Below 1.2575-TG:1.2555/1.2525 SL 1.2605

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

30Oct
sgx 31 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 31 October 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Thursday with the Straits Times Index gaining 10.28 points to 3,234.31. Some 1.16 billion shares, valued at S$912.3 million were traded. Gainers numbered 179 while losers numbered 186.
  • Oversea-Chinese Banking Corp , Singapore’s second-biggest lender, posted a 62 per cent rise in quarterly profit, beating expectations, thanks to strong loan growth, higher margins and a one-off gain from a China-related acquisition. OCBC earned USS$1.23 billion in the three months ending in September, compared with S$759 million a year earlier .The third quarter result included a one-off gain of S$391 million from an increased stake in Chinese lender Bank of Ningbo, which became a 20 per cent-owned subsidiary.
  • The Singapore Exchange (SGX) is exploring the feasibility of an equity crowd funding platform for early- stage companies, and has formed a team focused on small and medium-sized enterprises (SMEs), industry sources told The Business Times.
  • TEN years after coming into force, the US-Singapore Free Trade Agreement (USSFTA) has paid rich dividends to both countries, by reinvigorating bilateral trade and investment and opening up new opportunities for companies, according to top diplomats from Singapore and the United
  • Singapore’s sovereign wealth fund GIC will buy a stake of 20 per cent in a Turkish real estate company, Rönesans Gayrimenkul Yatirim AS for 250 million Euros, the two firms said in a statement. The pact takes the form of a primary rights issue and GIC’s injection will fund acquisitions and development of new projects in Turkey. The transaction is expected to be completed in the fourth quarter of this year.
  • The Federal Reserve on Wednesday ended its monthly bond purchase programme and dropped a characterization of US labour market slack as “significant” in a show of confidence in the economy’s prospects.
  • In a statement after a two-day meeting, the central bank largely dismissed recent financial market volatility, dimming growth in Europe and a weak inflation outlook as unlikely to undercut progress toward its unemployment and inflation goals. “On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing,” the Fed said in an important departure from prior policy statements, which had described the slack as “significant.
  • NEPTUNE Orient Lines (NOL), South-east Asia’s biggest container line, is seeking buyers for APL Logistics unit in a sale that could fetch at least US$1 billion (S$1.27 billion), said Bloomberg.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.400 TG 9.500, 9.620, 9.750 SL 9.280

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

30Oct
Forex Signals

IForex Market Trading Signals and News – 30 October 2014

TRADING TIPS :

  • Forex-Russian rouble sinks to new all-time lows vs. dollar, euro.
  • Forex-AUD/USD higher with Fed meeting in focus.
  • Forex- Dollar gains against yen in early Asia as all eyes on Fed meet.

USD/JPY
USD/JPY traded at 108.11, down 0.05%, .The dollar gained against the yen early Wednesday in Asia with the Australian dollar flat and all eyes on the upcoming Federal Reserve monetary policy announcement.The Fed is widely seen closing its bond-buying program, though uncertainty as to whether or not the statement will contain dovish or hawkish language surrounding interest rates prompted investors to avoid the greenback ahead of time.Up ahead, Japan’s September preliminary industrial output data is due at at 0850 Tokyo The forecast is for a 2.2% gain on month, which would be the first rise in two months.

EUR/USD
EUR/USD edged up 0.08% to 1.2744, holding below Tuesday’s one week highs of 1.2764.The dollar held steady against the euro and the yen on Wednesday as investors looked ahead to the conclusion of the Federal Reserve’s two day policy meeting later in the day.The Fed was widely expected to announce the conclusion of its asset purchasing stimulus program, known as quantitative easing after its monthly meeting. the U.S. central bank was also expected to reassure markets that interest rates will remain on hold for some time to come amid concerns that slowing growth in Europe and China could act as a drag on the U.S. economy.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6153-TG:1.6173/1.6203 SL 1.6123
2. Sell GBP/USD Below 1.6115-TG:1.6095/1.6065 SL 1.6145

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

30Oct

Comex Commodity Trading Signals and Market News – 30 October 2014

INTERNATIONAL COMMODITY NEWS :

• Gold prices held steady to weaker early Thursday in Asia as investors took note of the Federal Reserve’s confidence on economic growth in the United States. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.09% at $1,210.80 a troy ounce. The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as “significant” in a show of confidence in the economy’s prospects.

• Crude oil prices eased marginally in Asia on Thursday as the end of the Federal Reserve’s bond buying program brought strength to the dollar. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded at $81.99, down 0.06%. A stronger dollar tends to weaken crude prices. Brent crude rose $1.09, or 1.3%, in price to settle at $87.12 a barrel on the ICE Futures Europe exchange. It was the global oil benchmark’s highest settlement since Oct. 13. The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as “significant” in a show of confidence in the economy’s prospects.

• Natural gas prices shot up on Wednesday on expectations that Thursday’s weekly supply report will show increasing demand for the commodity as cooler weather makes its way into the U.S. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 1.69% at $3.810 per million British thermal units during U.S. trading. The commodity hit a session low of $3.698, and a high of $3.849. The December contract settled up 2.58% on Tuesday to end at $3.731 per million British thermal units. Natural gas futures were likely to find support at $3.620 per million British thermal units, Tuesday’s low, and resistance at $3.955, the high from Oct. 14.

• Copper prices rose to a fresh two-week high on Wednesday, amid speculation the Fed will reassure markets that interest rates will remain on hold for some time to come. On the Comex division of the New York Mercantile Exchange, copper for December delivery rose to a session high of $3.099 a pound, the most since October 14. Prices last traded at $3.092 a pound during European morning hours, up 0.2 cents, or 0.05%. A day earlier, copper prices tacked on 2.9 cents, or 0.95%, to settle at $3.093 a pound. Futures were likely to find support at $3.055, the low from October 28, and resistance at $3.104, the high from October 14.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1215 TGT 1219,1223 SL 1210
  • SELL GOLD BELOW 1209 TGT 1205,1200 SL 1214

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

30Oct
sgx 30 oct 14

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

MARKET UPDATES :

  • Singapore, New Zealand and Hong Kong are the world’s easiest places to run a business, while global giants China, Brazil and India remain far down the list, according the World Bank. Three small but hot Pacific economies led the Bank’s annual “Doing Business” report, released Wednesday, which focuses on where businesses are best helped and least hindered by government. The top 10 was filled out by Denmark, South Korea, Norway, the United States, Britain, Finland and Australia, mostly the same developed economies as in previous years.
  • Come September 1, 2016, businesses applying for or renewing a licence to operate a security agency in Singapore must adopt the Progressive Wage Model. This means security agencies must ensure their security officers get the required training and are paid wages in line with or higher than the levels which the model prescribes. That entails paying a monthly starting pay of at least S$1,100.
  • THE Monetary Authority of Singapore (MAS) has presented a sobering prognosis of the Singapore economy – GDP expansion will continue to be muted, productivity growth will remain constrained, and core inflation will stay above its historical average on the back of labour cost pressures. The manufacturing sector, too, continues to face difficulties from land and labour constraints, although one positive is that companies have been moving up the value creation chain successfully.
  • Job advertisements for professional positions in Singapore jumped 37 per cent year-on-year in the third quarter of this year due in part to the Fair Consideration Framework, according to a Robert Walters report.This outpaced the broader region, where job advertisements were up 20 per cent in the third quarter.
  • SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 12.38 points to 3,224.03. Some 1.15 billion shares, valued at S$1.01 billion were traded. Gainers numbered 265 while losers numbered 140.
  • SINGAPORE Exchange (SGX) chief regulatory officer Richard Teng has resigned, less than a year after being promoted, to become chief executive of Abu Dhabi Global Market Regulator. Mr Teng, who took on his current role in January following the retirement of former SGX chief regulatory and risk officer Yeo Lian Sim, will leave on Feb 28, 2015. SGX said it is currently reviewing candidates.
  • SINGAPORE is building the region’s first micro-grid to integrate multiple renewable energy sources as it scales up its expertise beyond solar power to become a clean energy hub in South-east Asia. As the first public micro-grid in the world for such research, it has drawn.

STOCK RECOMMENDATION :

  • BUY KEPPEL CORPORATION ABOVE 9.400 TG 9.500, 9.620, 9.750 SL 9.270

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

29Oct

Comex Commodity Trading Signals and Market News – 29 October 2014

INTERNATIONAL COMMODITY NEWS :

• Gold prices eased in Asia on Wednesday as the market readies for the Federal Reserve announcement on its latest policy stance. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,227.90 a troy ounce, down 0.05%, after hitting an overnight session low of $1,222.40 and off a high of $1,235.20. The Fed is widely seen closing its bond-buying program, though uncertainty as to whether or not the statement will contain dovish or hawkish language surrounding interest rates prompted investors to avoid the yellow metal ahead of time.

• Natural gas prices shot up on Tuesday after updated weather-forecasting models predicted cold Canadian air to make its way south in the lower 48 states in the coming days and drive demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 3.40% at $3.761 per million British thermal units during U.S. trading. The commodity hit a session low of $3.623, and a high of $3.762. The December contract settled down 1.65% on Monday to end at $3.637 per million British thermal units. Natural gas futures were likely to find support at $3.622 per million British thermal units, Monday’s low, and resistance at $3.842, the high from Oct. 20.

• Crude oil rices retained gains into Wednesday in as industry data on U.S. crude oil stocks showed a slightly smaller build than expected. ion-barrel decline in distillate stocks late Tuesday. The closely watched survey from the Energy Information Administration is due at 10:30 a.m. EDT Wednesday and the forecast is for a 3.371 million barrel build in crude supplies. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded at $81.54, up 0.29%, after hitting an overnight session low of $80.37 a barrel and off a high of $81.65 a barrel.

• Copper prices rose to a two-week high on Tuesday, as concerns over a disruption to supplies from the world’s third largest mine in Indonesia boosted prices. On the Comex division of the New York Mercantile Exchange, copper for December delivery rose to a session high of $3.082 a pound, the most since October 15. Prices last traded at $3.077 a pound during European morning hours, up 1.3 cents, or 0.41%. Futures were likely to find support at $3.026, the low from October 27, and resistance at $3.085, the high from October 15.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1232 TGT 1236,1241 SL 1227
  • SELL GOLD BELOW 1227 TGT 1222,1217 SL 1232

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

29Oct

IForex Market Trading Signals and News – 29 October 2014

TRADING TIPS :

  • Forex-USD/JPY edges higher, Fed statement in focus .
  • Forex-Pound dips as dollar edges higher before Fed .
  • Forex- AUD/USD rises to 2-week highs ahead of Fed .

USD/JPY
USD/JPY hit 108.10 during European late morning trade, the session high; the pair subsequently consolidated at 108.04, adding 0.20%. The pair was likely to find support at 107.08, the low of October 23 and resistance at 108.73, the high of October 8.The U.S. dollar edged higher against the yen on Tuesday, as sentiment on the greenback became mildly stronger ahead of the Federal Reserve’s highly anticipated policy statement due on Wednesday. In Japan, data on Tuesday showed that retail sales rose at an annualized rate of 2.3% in September, beating expectations for a 0.6% gain, after a 1.2% increase the previous month.Investors were eyeing the conclusion of the Fed’s two day meeting on Wednesday for any indications that a slowdown in growth in Europe or China could prompt the U.S. central bank to delay possible rate hikes.

EUR/USD
EUR/USD was at 1.2708, off Monday’s lows of 1.2664.The greenback remained under pressure amid concerns that recent signs of a slowdown in growth in Europe and China could prompt the U.S. central bank to stick to its cautious outlook on monetary policy . The dollar was little changed against the euro and the yen on Tuesday following declines in the previous session as investors looked ahead to the conclusion of the Federal Reserve’s two day policy meeting on Wednesday.Data on Monday showing that German business confidence fell to the lowest level since December 2012 this month added to fears over the outlook for fourth quarter growth in the euro area’s largest economy.The dollar slid on Monday after data showed that the U.S. service sector expanded at the slowest rate in six months in October, as new order growth slowed and business confidence declined.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6122-TG:1.6142/1.6172 SL 1.6082
2. Sell GBP/USD Below 1.6090-TG:1.6070/1.6040 SL 1.6120

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

28Oct
sgx 29 oct 14

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

MARKET UPDATES :

  • SINGAPORE shares end 0.45 per cent lower on Tuesday. The Straits Times Index fell 14.46 points to close at 3,211.65. Some 1.19 billion shares valued at S$1.00 billion changed hands. Losers beat gainers 236 to 147.
  • THE Singapore economy is “on track for moderate growth” despite some external and domestic headwinds, said the Monetary Authority of Singapore (MAS) on Tuesday in its twice-yearly Macroeconomic Review. Reiterating its 2014 gross domestic product (GDP) growth forecast of 2.5-3.5 per cent this year, and a “broadly similar” pace for 2015, the central bank said: “Sectors that cater to final demand in the US will fare relatively favourably, while those that are tied to the eurozone and China could be weighed down by the sluggish performance in these economies.
  • THE Intellectual Property Office of Singapore (IPOS) and the State Intellectual Property Office of China (SIPO) have agreed to enhance cooperation in this area through a Memorandum of Understanding (MOU). The agreement was inked on the sidelines of the 11th Singapore-China Joint Council for Bilateral Cooperation meeting co-chaired by Singapore’s deputy prime minister Teo Chee Hean and China’s vice- premier Zhang Gaoli.
  • CREDIT Counselling Singapore (CCS) will offer a centralised repayment system to borrowers with debts owed to several banks from next year. This was announced by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Tuesday at the CCS’s 10th anniversary luncheon. Mr Tharman is also chairman of the Monetary Authority of Singapore. With this system, CCS will coordinate with all the banks that are owed money by a borrower, and create a centralised repayment plan for him. This will take into account the borrower’s income, spending needs and loan obligations.
  • SINGAPORE is building the region’s first micro-grid to integrate multiple renewable energy sources as it scales up its expertise beyond solar power.The Renewable Energy Integration Demonstrator Singapore, to be built offshore at Semakau Landfill, will test and demonstrate the integration of solar, wind, tidal- current, diesel, storage and power-to-gas technologies. It will produce enough electricity to power about 250 HDB four-room flats.
  • THE Singapore economy is “on track for moderate growth” despite some external and domestic headwinds, said the Monetary Authority of Singapore (MAS) on Tuesday in its twice-yearly Macroeconomic Review.
  • OCBC Bank has appointed Pich Event Management to organise OCBC Cycle 2015, which will be held over the weekend of Aug 29-30, 2015 at the Singapore Sports Hub.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TECHNOLOGIES ENGINEERING ABOVE 3.700 TG 3.750, 3.820, 3.920 SL 3.620

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

28Oct

Comex Commodity Trading Signals and Market News – 28 October 2014

INTERNATIONAL COMMODITY NEWS :

• Gold prices dipped slightly in early Asia trade on Tuesday with the focus growing on the Federal Reserve. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,225.80 a troy ounce, down 0.06%, after hitting an overnight session low of $1,227.50 and off a high of $1,232.00. Overnight, gold prices fell earlier as investors avoided the yellow metal and jumped to the sidelines ahead of the Federal Reserve’s statement on monetary policy on Wednesday. The Fed is widely seen closing its bond-buying program, though uncertainty as to whether or not the statement will contain dovish or hawkish language surrounding interest rates prompted investors to avoid the yellow metal ahead of time.

• Natural gas prices moved lower on Monday after updated weather-forecasting models continued to call for mild temperatures across much of the U.S., which should curb demand for both heating and air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 1.33% at $3.649 per million British thermal units during U.S. trading. The commodity hit a session low of $3.623, and a high of $3.720. The December contract settled down 0.22% on Friday to end at $3.698 per million British thermal units. Natural gas futures were likely to find support at $3.545 per million British thermal units, the low from Nov. 19, 2013, and resistance at $3.842, last Monday’s high.

• Oil futures ended Friday’s session lower, amid speculation rising global supplies will be more than enough to meet slowing demand. On the New York Mercantile Exchange, crude oil for delivery in December slumped $1.08, or 1.32%, on Friday to end the week at $81.01 a barrel. For the week, New York-traded oil futures lost $1.38, or 1.67%, the fourth consecutive weekly decline.

• Elsewhere, on the ICE Futures Exchange in London, Brent for December delivery fell 70 cents, or 0.81%, on Friday to settle at $86.13 a barrel by close of trade. For the week, the November Brent contract dropped 3 cents, or 0.03%, the fifth straight weekly loss. Meanwhile the spread between the Brent and the WTI crude contracts stood at $5.12 a barrel by close of trade on Friday, compared to $3.41 in the preceding week.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1230 TGT 1234,1239 SL 1225
  • SELL GOLD BELOW 1223 TGT 1219,1214 SL 1228

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

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