Daily Archives: October 9, 2014

sgx 10 oct 14

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


  • HOUSING and Development Board (HDB) resale prices could have fallen in an eighth consecutive month, going by flash estimates from the Singapore Real Estate Exchange (SRX). The data shows HDB resale prices dipped 0.5 per cent in September from the earlier month, dragged down by price declines in three- room, four-room and five-room resale flats. Executive flat prices bucked the trend by inching up 0.1 per cent.
  • SALE transactions of strata-titled industrial properties in the third quarter have fallen by about 36 per cent quarter-on-quarter to 203, according to caveats from URA Realis. The fall is even more significant compared to the 672 strata-titled units that were sold in the same period last year, said DTZ. So far, there has been 842 transactions this year. This is much lower than the 1,986 transactions registered in the same period last year.
  • THE Monetary Authority of Singapore (MAS) on Thursday published a consultation paper containing a set of proposals to strengthen Singapore’s real estate investment trust (Reit) market. “The proposals will enhance the transparency and corporate governance of the Reit market,” it said.
  • INVESTORS are flocking to take cover under Singapore bonds umbrella amid gathering clouds over the global economy. Even the weakening Singapore dollar has failed to dent their enthusiasm for the fixed income securities, in particular government bonds. While the Singapore currency fell 0.71 per cent against the US dollar last week, the Singapore Fixed Income (SFI) Index gained 0.22 per cent over the same period. The equity market, as measured by the Straits Times Index (STI), declined 1.18 per cent.
  • THE International Monetary Fund (IMF) has issued a guarded assessment of global economic prospects for the coming year, and warned that financial markets could be “under-pricing risk” in an environment in which easy-money policies may have bred a false sense of security. The potential growth of the global economy appears slower than a decade ago, so it is unlikely to go back to the rates achieved before the global financial crisis – even with the aid of monetary stimulus, it said. An uneven global recovery is underway, said the IMF in its twice-yearly World Economic Outlook (WEO). In it, it revised down the 2014 growth forecast for the global economy from 3.7 per cent to 3.3 per cent; the forecast for next year is 3.8 per cent.


  • BUY CITY DEVELOPMENT LTD ABOVE 9.400 TG 9.460, 9.530, 9.630 SL 9.300

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Comex Commodity Trading Signals and Market News – 09 October 2014


Crude oil rices rebounded in early Asia on Thursday with investors buying off recent sharp dips even as the growth outlook and demand remains uncertain. On the New York Mercantile Exchange, crude oil for delivery in November traded at $87.77 a barrel, up 0.22%. Overnight, U.S. oil futures dropped to the lowest level since April 2013 after data showed that U.S. stockpiles rose far more than expected last week. Brent oil settled down 0.8% at $91.38 a barrel on ICE Futures Europe Wednesday, the lowest settlement price since June 28, 2012. The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories increased by 5 million barrels in the week ending October 3, compared to expectations for a gain of 1.6 million barrels. The report also showed that gasoline stockpiles rose by 1.2 million barrels, confounding expectations for a drop of 1.0 million barrels.

Gold prices eased in early Asia on Thursday as investors noted a weaker growth outlook and took profits from earlier in the U.S. session. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,220.30 a troy ounce, down 0.16%. Overnight, gold futures rose for the third consecutive session as investors digested the Federal Reserve minutes. The Federal Reserve’s debate on its interest rate guidance heated up last month, with several officials showing concern about misleading investors and pushing for a more data-dependent approach, according to minutes from its last policy meeting.

• U.S. natural gas futures were under pressure during early U.S. trade on Wednesday, as market players monitored near-term weather forecasts to gauge the strength of demand for the fuel ahead of Thursday’s closely-watched supply report. On the New York Mercantile Exchange, natural gas for delivery in November traded at $3.896 per million British thermal units during U.S. morning hours, down 6.1 cents, or 1.55%. Natural gas prices fell to a two- week low of $3.866 on Tuesday, before turning higher to settle $3.957, up 5.9 cents, or 1.51%.

• U.S. oil futures droppes to the lowest level since April 2013 on Wednesday, after data showed that U.S. stockpiles rose far more than expected last week. On the New York Mercantile Exchange, crude oil for delivery in November hit a session low of $86.86 a barrel, a level not seen since April 18, 2013.Prices recovered to last trade at $87.09 a barrel during U.S. morning hours, down $1.78, or 1.98%. A day earlier, Nymex oil futures lost $1.49, or 1.65%, to settle at $88.85, as worries about the strength of global growth drove prices lower.


  • BUY GOLD ABOVE 1225 TGT 1229,1235 SL 1220
  • SELL GOLD BELOW 1220 TGT 1216,1211 SL 1225

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IForex Market Trading Signals and News – 09 October 2014


  • Forex-Dollar index slightly higher ahead of Fed minutes
  • Forex-Euro slips lower against dollar .
  • Forex- NZD/USD slides lower on IMF, Fed minutes on tap.

EUR/USD touched session lows of 1.2623 and was last down 0.07% to 1.2660.The single currency remained under pressure after data on Tuesday showing a steep decline in German factory orders in August added to concerns that the euro area’s largest economy being pulled into a recession.The weak data added to expectations that the European Central Bank will implement fresh stimulus measures to help bolster growth.The IMF said Tuesday that Europe was experiencing a “multispeed recovery” and revised down its growth forecasts for the euro zone’s three largest economies, Germany, France and Italy.

USD/JPY was up 0.25% to 108.40, after falling as low as 107.74 overnight.The yen strengthened broadly on Tuesday after the International Monetary Fund cut its forecast for global growth for 2014 and 2015 and warned that the global recovery is weak and uneven.The IMF is now forecasting global economic growth of 3.3% this year, down from 3.4% in July and expects growth of 3.8% in 2015, compared to an earlier prediction of 4.0%. Investor sentiment was also hit after a report showing a steep decline in German factory orders in August fuelled fears that the euro zone’s largest economy is falling into a recession.The yen found support earlier Tuesday after Japanese Prime Minister Shinzo Abe voiced concerns over the impact of a weaker yen on the economy.


1. Buy EUR/USD Above 1.2692-TG:1.2712/1.2742 SL 1.2662
2. Sell EUR/USD Below 1.2627-TG:1.2607/1.2587 SL 1.2657

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