Daily Archives: October 16, 2014

16Oct
sgx 17 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 17 October 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Thursday with the benchmark Straits Times Index down 44.51 points to close at 3,154.21. Volume was 1.36 billion shares worth S$1.34 billion. Losers outnumbered gainers 420 to 75.
  • Chinese banks made 857.2 billion yuan (US$140 billion) worth of new loans in September, data showed on Thursday, beating market expectations in a sign that demand for credit may be picking up. But a drop on China’s foreign exchange reserves in the third quarter signalled speculative money outflows amid increased worries about the country’s economic slowdown. Economists polled by Reuters had expected new loans totalling 730-735 billion yuan last month, an increase from 702.5 billion yuan in August.
  • A SINGAPORE-BASED mobile advertising startup has raised US$19 million in Series B, believed to be the highest such amount here this year, surpassing taxi-booking app GrabTaxi’s US$15 million in May. This also marks a record second round of financing by a company in the advertising technology (ad-tech) industry globally, AdNear’s founder and chief executive officer, Anil Mathews, told The Business Times on Wednesday. AdNear – whose location intelligence platform programmatically sends location-relevant ads to mobile audiences on behalf of retailers – snagged new investors Telstra Ventures and Global Brain in this latest round backed by existing investors Sequoia Capital and Canaan Partners.
  • A unit of Singapore Technologies Engineering, ST Electronics, has won new contracts worth $513 million in the third quarter.The bulk of the contract wins worth $295 million is for it to provide advanced electronics and info- comms technology solutions, where it will help to build security systems in Singapore and around the region.
  • Three Malaysian banks said on Thursday that they are in merger talks, which, if successful, will create the country’s biggest lender and the fourth-largest by assets in South-east Asia. The complicated three-way marriage of CIMB Group, the country’s No. 2 bank, with smaller rivals RHB Capital and Malaysia Building Society Bhd, will also lead to the formation of an Islamic mega bank that will strengthen Malaysia’s lead in Islamic finance in Asia. The move comes as members of the Association of Southeast Asian Nations work on plans to partially integrate their economies and financial systems, with member countries keen to build national banking champions.
  • Chinese e-commerce firm Alibaba Group Holding Ltd said on Thursday it has changed the name of its Alipay financial services affiliate to Ant Financial Services Group as it steps up its push into the financial services industry. Alibaba has been aggressively offering new financial services around Alipay, including a money market fund for consumers, a mobile payment app and even a new private bank that was approved by the Chinese government in September.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.640 TG 6.700, 6.780, 6.880 SL 6.560

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

16Oct

Comex Commodity Trading Signals and Market News – 16 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures rose on Wednesday on safe-haven demand after weak U.S. indicators sent U.S. stocks and the dollar dropping earlier. Gold and the dollar tend to trade inversely with one another, while the yellow metal often enjoys safe-harbor demand amid times of dropping stock indices. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,245.90 a troy ounce, up 0.94%, up from a session low of $1,222.20 and off a high of $1,250.00.

Copper futures were mildly lower during European morning trade on Wednesday, after data showed that Chinese inflation in September slowed more than expected, underlining concerns over the health of the world’s second biggest economy. On the Comex division of the New York Mercantile Exchange, copper for December delivery traded at $3.074 a pound during European morning hours, down 1.6 cents, or 0.52%. A day earlier, Comex copper prices hit a daily high of $3.104, a level not seen since September 19, before settling at $3.090 a pound, up 4.9 cents, or 1.63%.

Natural gas futures edged lower on Wednesday after updated weather forecasting models scaled back on the intensity of a U.S. cool snap, leaving investors to conclude demand for heating will be less than once anticipated. On the New York Mercantile Exchange, natural gas futures for delivery in November were down 0.72% at $3.789 per million British thermal units during U.S. trading. The commodity hit a session low of $3.765, and a high of $3.855.The November contract settled down 2.55% on Tuesday to end at $3.816 per million British thermal units.

Brent oil futures extended losses to hit the weakest level since late 2010 on Wednesday, as investors piled on to their short positions in anticipation of lower prices amid speculation the Organization of the Petroleum Exporting Countries will not cut output to support the market. On the ICE Futures Exchange in London, Brent oil for December tumbled to a daily low of $83.74 a barrel, a level not seen since December 2010. Prices last traded at $84.49 during European morning hours, down 92 cents, or 1.08%.

• A double shot of weak European data and an International Energy Agency decision to trim its demand outlook sent crude futures plunging on Tuesday. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 2.13% at $83.91 a barrel during U.S. trading. New York-traded oil futures hit a session low of $83.79 a barrel and a high of $85.60 a barrel.The November contract settled down 0.09% at $85.74 a barrel on Monday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1242 TGT 1246,1251 SL 1237
  • SELL GOLD BELOW 1237 TGT 1233,1228 SL 1242

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

16Oct

IForex Market Trading Signals and News – 16 October 2014

TRADING TIPS :

  • Forex-Dollar rises broadly as euro zone worries dampen sentiment.
  • Forex-Dollar posts solid gains on soft U.K., euro zone data.
  • Forex-USD/JPY edges lower after Amari comments.

GBP/USD
GBP/USD hit 1.5878 during European morning trade, the pair’s lowest since November 2013; the pair subsequently consolidated at 1.5901, dipping 0.01%. Cable was likely to find support at 1.5852 and resistance at 1.6103, Tuesday’s high.Meanwhile, market sentiment remained under pressure amid growing concerns over the outlook for growth in the euro zone after data on Tuesday showed that the bloc’s industrial production declined more than expected in August, while July’s figure was revised down.A separate report showed that German economic sentiment deteriorated to the lowest level since December 2012 in October, fuelling further concerns over the euro zone’s largest economy.

USD/JPY
USD/JPY hit 107.50 during European early afternoon trade, the pair’s high since Monday; the pair subsequently consolidated at 107.20, adding 0.14%.The pair was likely to find support at 106.65, Tuesday’s low and a one-month low and resistance at 107.66, the high of October 13.The yen found support after Japanese Economics Minister Akira Amari said in parliament on Wednesday that the government is not pursuing a policy to intentionally weaken the nation’s currency and that it is necessary to monitor any negative impact from rising import prices. Later in the day, the U.S. was to release data on retail sales, as well as reports on producer prices and manufacturing activity in the New York region.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5925-TG:1.5945/1.5975 SL 1.5805
2. Sell GBP/USD Below 1.5868-TG:1.5848/1.5818 SL 1.5898

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

16Oct
sgx 16 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 16 October 2014

MARKET UPDATES :

  • RETAIL sales expanded 5.4 per cent year on year in August, lifted by sales of motor vehicles, without which overall sales would have dipped 1.6 per cent. According to a release from the Department of Statistics (DOS) on Wednesday, sales of vehicles were up by as much as 49.5 per cent year on year and 13.1 per cent month on month. Month on month, retail sales (seasonally adjusted) were up 5.3 per cent in August, again bolstered by sales of motor vehicles. Stripping out motor vehicles sales, retail sales increased 3.5 per cent. The total retail sales value for August came to S$3.2 billion, up from S$3 billion a year ago, said DOS.
  • TOURISM receipts grew 2 per cent year on year in the first half of this year to S$11.8 billion, even as visitor arrivals to Singapore fell 3 per cent to 7.5 million. Stripping out China, visitor arrivals from all other markets were up 2 per cent in H1 14. But in Q2 14, tourism receipts were down 3 per cent year on year to S$5.6 billion while visitor arrivals declined a sharper 6 per cent to 3.6 million.
  • Hong Kong authorities said police allegedly involved in the beating of a pro-democracy protester would be removed from their positions after footage of the overnight incident went viral, sparking outrage from some lawmakers and the public. Police said they arrested 45 protesters in the early hours of Wednesday, using pepper spray on those who resisted, as they cleared a major road in the Chinese-controlled city that had been barricaded by pro-democracy demonstrators with concrete slabs.
  • Inflation in China fell to 1.6 per cent in September, the government said Wednesday, below analysts’ forecasts and the lowest in the world’s second-largest economy for almost five years. The consumer price index (CPI) figures released by the National Bureau of Statistics represented a slowdown in inflation from 2.0 per cent in August. It was the lowest since January 2010. Analysts polled by Dow Jones Newswires had predicted 1.7 per cent. The figures fall well short of the 3.5 per cent annual target set by the government in March, and signal that deflationary pressures are rising.
  • Singapore, the world’s largest bunkering port, plans to supply liquefied natural gas (LNG) to fuel ships by 2020, a government official said on Wednesday, as part of a global trend to move away from oil to gas to reduce emissions. “We are working towards LNG bunkering in Singapore by 2020, hopefully earlier if possible,” Minister for Transport Lui Tuck Yew said at an industry event.
  • SINGAPORE shares ended higher on Wednesday with the benchmark Straits Times Index up 9.56 points to close at 3,203.96. Volume was 1.37 billion shares worth S$865.5 million. Losers outnumbered gainers 297 to 144.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.760 TG 6.830, 6.900, 7.000 SL 6.660

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

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