Daily Archives: October 14, 2014

14Oct
sgx 15 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 15 October 2014

MARKET UPDATES :

  • THE Singapore economy performed slightly worse than expected in the third quarter of 2014, growing 2.4 per cent from a year ago, according to advance estimates released by the Ministry of Trade and Industry on Tuesday morning. This fell short of the 2.7 per cent median year-on-year growth forecast of 19 private-sector economists polled by Bloomberg prior to the data release, but kept pace with growth in Q2. After seasonal adjustments and on an annualised basis, the economy grew 1.2 per cent, a turnaround from the 0.1 per cent contraction in the previous quarter. This was better than the annualised 0.8 per cent median growth forecast of 12 market economists.
  • Singapore’s DBS Group has hired Morgan Stanley to find a partner to sell life insurance products in Asia under a new deal, after its pact with Aviva ends in 2015, people with direct knowledge of the matter said. Singapore and Hong Kong – two of DBS’s strongest markets – are seen as profitable for insurers due to their status as Asia’s main wealth management centres and an ageing population.
  • SINGAPORE shares ended lower on Tuesday with the benchmark Straits Times Index down 3.01 points to close at 3,199.14. Volume was 1.26 billion shares worth S$949.4 million. Losers outnumbered gainers 282 to 159.
  • IN LINE with efforts to develop its e-commerce business, SingPost is spending S$182 million to set up an e Commerce Logistics Hub, which will be ready by the second half of 2016. Located in Tampines LogisPark, the three-storey, 553,000-sq ft facility will have a fully automated parcel-sorting facility and two warehousing floors.
  • The chief executive of China International Capital Corp (CICC), Levin Zhu, the son of the country’s former premier Zhu Rongji, has resigned from his position, the firm said a statement on Tuesday. Zhu is credited with building up China’s first investment bank on the strength of his connections. CICC was established in 1995 as a joint venture between China Construction Bank Corp and Morgan Stanley. Morgan Stanley walked away from the joint venture after receiving approval for the sale of its stake in CICC in 2010. – Reuters
  • CHINA’S exports jumped by double digits in September, but there was no burst of enthusiasm from analysts still concerned about the country’s anaemic domestic demand.
  • While exports surged an impressive 15.3 per cent – up from August’s 9.4 per cent – imports too rose an encouraging 7 per cent, reversing two months of consecutive contraction, according to figures from the General Administration of Customs.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.200 TG 9.280, 9.380, 9.500 SL 9.100

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14Oct

Comex Commodity Trading Signals and Market News – 14 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rebounded mildly in Asia on Tuesday, but with a weak tone as investors eyed the dollar. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,236.10 a troy ounce, up 0.06%, after hitting an overnight session low of $1,223.60 and off a high of $1,238.00.Overnight, gold futures moved higher after a key Federal Reserve official suggested rate hikes in the U.S. may come later than once anticipated, which softened the dollar. Gold and the dollar tend to trade inversely with one another.

Natural gas futures edged higher on Monday as updated weather-forecasting models called for a storm system to trek across the U.S. and bring cooling temperatures in its wake, which should drive demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.84% at $3.892 per million British thermal units during U.S. trading. The commodity hit a session low of $3.820, and a high of $3.899. The November contract settled up 0.36% on Friday to end at $3.859 per million British thermal units. Natural gas futures were likely to find support at $3.815 per million British thermal units, last Thursday’s low, and resistance at $4.184, the high from Oct. 1.

• U.S. stocks tumbled on Monday amid ongoing fears that a cooling global economy will water down U.S. third-quarter earnings. t the close of U.S. trading, the Dow 30 fell 1.35%, the S&P 500 index fell 1.65%, while the NASDAQ Composite index fell 1.46%. The Volatility S&P 500 index, which measures the outlook for market volatility, was up 16.01% at 24.64. Wall Street stocks took fresh beatings on Monday amid fears softening European and Asian economies could slow U.S. business concerns overseas.

Crude futures fell on Monday on news OPEC may not move to shore up global oil prices by trimming output at its next meeting. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 0.33% at $85.54 a barrel during U.S. trading. New York-traded oil futures hit a session low of $84.09 a barrel and a high of $85.84 a barrel. The November contract settled up 0.06% at $85.82 a barrel on Friday. Nymex oil futures were likely to find support at $83.59 a barrel, Friday’s low, and resistance at $91.79 a barrel, the high from Oct. 3.OPEC will hold its next meeting on Nov. 27. Elsewhere, a weaker dollar supported prices.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1236 TGT 1240,1245 SL 1231
  • SELL GOLD BELOW 1228 TGT 1224,1219 SL 1233

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

14Oct

IForex Market Trading Signals and News – 14 October 2014

TRADING TIPS :

  • Forex-Bitcoin rebound continues as prices rise to $380-level .
  • Forex-Dollar little changed vs. rivals in holiday-thinned trade.
  • Forex- GBP/USD edges higher in quiet trade

GBP/USD
GBP/USD hit 1.6126 during European morning trade, the session high; the pair subsequently consolidated at 1.6089, adding 0.09% Cable was likely to find support at 1.6006, Friday’s low and resistance at 1.6227, the high of October 9.Market sentiment was hit last week after the International Monetary Fund cut its forecasts for global growth in 2014 and 2015 and warned that global growth may never reach its pre-crisis levels ever again .The pound edged higher against the U.S. dollar in quiet trade on Monday, with U.S. markets to remain closed for Columbus Day and although global growth concerns persisted.

USD/JPY
USD/JPY traded at 107.14, down 0.47%, Markets in Japan are to remain closed for a national holiday. China’s trade balance showed September exports up 15.3%, above the 11.8% expected and imports increased 7.0%, above the 2.7% decline seen while the trade balance was a surplus of $31 billion, lower than the $41 billion forecast. edged down 0.09% to trade at 107.54 as market sentiment was hit by global growth concerns after the International Monetary Fund cut its forecasts for global growth in 2014 and 2015 and warned that global growth may never reach its pre-crisis levels ever again.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6143-TG:1.6163/1.6193 SL 1.6113
2. Sell GBP/USD Below 1.6085-TG:1.6065/1.6035 SL 1.6115

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