Daily Archives: October 20, 2014

sgx 21 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 21 October 2014


  • SINGAPORE share prices closed higher on Monday with the Straits Times Index up 13.32 points to 3,181.05. Volume was 1.07 billion shares worth S$1.04 billion. Gainers outnumbered losers 243 to 173.
  • Hong Kong shares finished slightly higher on Monday, underpinned by positive US economic data and in line with regional bourses, but investors stayed cautious due to recent volatility. The Hang Seng Index closed up 0.2 per cent at 23,070.26 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 0.6 percent. Top index boost China Overseas Land & Investment gained 1.7 per cent and China Resources Land rose 0.9 per cent. Casino shares continued their rise from Friday after Sands China posted solid quarterly earnings. Sands China rose 0.9 per cent and Galaxy Entertainment was up 1.1 per cent. REUTERS
  • CONSUMERS are generally satisfied with telecom services in Singapore, but service providers here were urged by the Infocomm Development Authority of Singapore (IDA) on Monday to continue focusing on customer engagement and service. The Consumer Awareness and Satisfaction Survey (CASS) commissioned by the IDA said all telco services scored above 3.5 out of a perfect score of 5 (denoting “very satisified”) for the three factors of quality of service, price competitiveness of the service offerings and variety of services. The survey, which covered 1,500 respondents interviewed door-to-door between December 2013 and March 2014, found consumers to be very aware of the terms of telecom services, which would help them avoid incurring unnecessary fees and charges.
  • DOMESTIC pass-through price pressures have pushed up both the headline inflation rate (CPI-All Item) and core inflation rate expectations for the first time since September 2012.The one-year-ahead inflation expectations of Singapore households has inched up to 3.73 per cent, going by the research findings of the latest quarterly survey for Singapore Index of Inflation Expectations (SInDEx) by the Singapore Management University (SMU). In June 2014, the one-year-ahead headline inflation was 3.66 per cent.
  • OCBC Investment Research maintains its “sell” rating on Tiger Airways Holdings, lowering its fair-value estimate to 21 Singapore cents, from 35 Singapore cents previously. Last week, Tigerair announced a proposal to undertake an 85-for-100 rights issue to raise gross proceeds of up to S$234 million at S$0.20 per rights share. SIA has undertaken to subscribe for its pro-rata entitlement as well as excess rights shares up to total of S$140 million. SIA also announced that it will convert all its perpetual convertible capital securities (PCCS) holdings into shares prior to the rights issue, raising its stake in Tigerair from 40 per cent to approximately 55 per cent.


  • BUY CITY DEVELOPMENT LTD ABOVE 18.000 TG 18.100, 18.230, 18.300 SL 17.850

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Comex Commodity Trading Signals and Market News – 20 October 2014


Gold prices fell in Asia early Monday as China moved to prime growth and investors see more likelihood the U.S. Federal Reserve will move to hike rates early next year. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,236.30 a troy ounce, down 0.22%, after settling at a troy ounce by close of trade last week. U.S. and European stock markets rallied on Friday, following steep losses and massive intraday swings over the past five days, sparked by concerns about global economic weakness and fears over the spread of Ebola. Investors continued to speculate over the timing of a rate hike in the U.S. after a report showed that the University of Michigan’s consumer sentiment index unexpectedly rose to 86.4 in October, the most since July 2007.

• U.S. natural gas futures slumped to an 11-month low on Friday, as investors bet that mild weather will dampen early-winter demand for the heating fuel. On the New York Mercantile Exchange, natural gas for delivery in November sank to a daily low of $3.715 per million British thermal units on Friday, a level not seen since November 21, 2013. Prices came off the lows to settle at $3.766 by close of trade, down 3.0 cents, or 0.79%. On the week, Nymex natural gas prices lost 9.3 cents, or 2.4%, the second straight weekly decline. Futures were likely to find support at $3.659 per million British thermal units, the low from November 21, and resistance at $3.834, the high from October 16.

Crude oil futures ended Friday’s session modestly higher, as investors returned to the market to seek cheap valuations in wake of recent losses and to close out bets on lower prices. On the New York Mercantile Exchange, crude oil for delivery in November inched up 5 cents, or 0.06%, on Friday to end the week at $82.75 a barrel. New York-traded oil futures tumbled to $79.78 a barrel on Thursday, a level not seen since June 2012. For the week, New York-traded oil futures lost $3.07, or 3.57%, the fifth weekly decline over the past six weeks. London-traded Brent prices fell to $82.93 on Thursday, the lowest level since December 2010. For the week, the November Brent contract dropped $4.05, or 4.48%, the fourth straight weekly loss.


  • BUY GOLD ABOVE 1239 TGT 1243,1248 SL 1234
  • SELL GOLD BELOW 1232 TGT 1228,1223 SL 1237

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Forex Signals

IForex Market Trading Signals and News – 20 October 2014


  • Forex-Dollar broadly higher vs. rivals as U.S. data supports .
  • Forex-Japanese yen weaker in Asia, Aussie gains in light data day.
  • Forex-EUR/USD pushes lower as market sentiment wanes.

GBP/USD hit 1.6030 during European morning trade, the session low; the pair subsequently consolidated at 1.6055, shedding 0.20%.Cable was likely to find support at 1.5940, Thursday’s low and resistance at 1.6182, the high of October 8.The greenback’s gains were limited however as St. Louis Federal Reserve President James Bullard said the U.S. central bank may want to maintain its bond buying fornow given a drop in inflation expectations.Sterling was steady against the euro, with EUR/GBP inching up 0.06% to 0.7967.Sentiment on the euro remained vulnerable amid growing concerns over the threat of deflation in the euro zone after revised data on Thursday showed that bloc’s consumer price inflation rose by 0.3% in September, in line with expectations.

EUR/USD hit 1.2835 during European afternoon trade, the session high; the pair subsequently consolidated at 1.2823, adding 0.11%.The pair was likely to find support at 1.2704, Thursday’s low and resistance at 1.2903, the high of September 23.Sentiment recovered mildly on Thursday after the U.S. Department of Labor reported that the number of individuals filing for initial jobless benefits in the week ending October 11 decreased by 23,000 to a 14-year low of 264,000 from the previous week’s total of 287,000.Analysts had expected jobless claims to rise by 3,000 to 290,000 last week.A separate report showed that U.S. industrial production climbed 1.0% last month, beating expectations for a 0.4% rise.In addition, St. Louis Federal Reserve President James Bullard said the U.S. central bank may want to maintain its bond buying for now given a drop in inflation expectations.


1. Buy GBP/USD Above 1.6131-TG:1.6151/1.6181 SL 1.6101
2. Sell GBP/USD Below 1.6048-TG:1.6028/1.5998 SL 1.6078

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sgx 20 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 20 October 2014


  • SINGAPORE’S key non-oil domestic exports (NODX) continued to expand year-on-year in September but at a slower pace. The NODX rose just 0.9 per cent after a 6.0 per cent jump in August, still wrapping up the third quarter with an overall positive upturn. But the NODX was down sharply by a seasonally- adjusted 8.8 per cent month on month in September, reversing the previous month’s 7.6 per cent rise, according to the latest trade figures released on Friday morning by International Enterprise Singapore.
  • THE contract states that Singapore will host the next five editions of the BNP Paribas Women’s Tennis Association’s (WTA) Finals, that is, until 2018, but there is every chance that the deal could be extended beyond that if things go well.
  • SINGAPORE shares ended higher on Friday with the benchmark Straits Times Index up 14.97 points to close at 3,169.18. Volume was 1.12 billion shares worth S$1.02 billion. Losers outnumbered gainers 284 to 162.
  • Hong Kong shares finished higher on Friday, lifted by signs of recovery in overseas markets and a good earnings report from one casino that lifted stocks in that sector. The Hang Seng Index closed up 0.5 per cent at 23,023.21 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong also rose 0.5 per cent. For the week, the two indices were down 0.3 per cent and 0.7 per cent, respectively. Shares of Sands China Ltd, which posted solid third-quarter results, rose 5.3 per cent. Galaxy Entertainment Group Ltd gained 4.6 per cent.
  • China on Friday issued new rules to get loss-making companies or those in violation of regulatory practices to delist, in its latest move to improve stock market conditions, and vowed stricter enforcement of the guidelines.Traders say market regulations have been too loosely enforced in previous delisting exercises. The China Securities Regulatory Commission (CSRC) published the rules, effective immediately, after seeking public feedback via a draft made public in July.
  • SINGAPORE and the European Union (EU) have now concluded negotiations for the EU-Singapore free trade agreement (EUSFTA), after wrapping up discussions on investment protection, Singapore’s Ministry of Trade and Industry (MTI) said on Friday.Negotiations on the Investment Protection Chapter of the EUSFTA had started later, based on a new EU competence under the Lisbon Treaty. The chapter will now undergo legal scrubbing before the negotiations are finalised, signed and ratified.
  • ON Tuesday morning, the Monetary Authority of Singapore (MAS) lowered its 2014 forecast for headline inflation to 1-1.5 per cent and narrowed its core inflation forecast to 2-2.5 per cent,


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

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