Daily Archives: October 21, 2014

21Oct
sgx 22 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 22 October 2014

MARKET UPDATES :

  • MORE small- and medium-sized enterprises (SMEs) in Singapore are expanding overseas to seek sustainable revenue growth, this year’s DP SME Development Survey has found.The proportion of Singapore SMEs with overseas revenue increased in 2014 to half, after having declined last year to 46 per cent from 54 per cent in 2012. This year’s increase was seen across all turnover ranges – an indication that SMEs of all sizes are looking beyond Singapore for growth opportunities. Said Jacelyn Teo, the group director for planning in International Enterprise (IE) Singapore:
  • China’s economic growth cooled to 7.3 per cent between July and September from a year earlier, the weakest expansion since the global financial crisis and reinforcing expectations that Beijing will need to roll out more stimulus to avert a sharper slowdown.With a faltering property market increasingly dragging on manufacturing and investment, the reading was the slowest for the world’s second-largest economy since early 2009, when the growth rate tumbled to 6.6 per cent.
  • Singapore shares were up on Tuesday with the benchmark Straits Times Index gaining 21.69 points to close at 3,202.74.Volume was 1.13 billion shares worth S$962.8 million.Gainers outnumbered losers 229 to 182.
  • CASINO Genting Singapore, which saw its share price plummet to its lowest level in more than four years recently, is worth a “hold”, as value is starting to emerge around current levels.The company is also seen as “a decent bet” as a strong contender for Japan’s potential US$10 billion integrated resort (IR) project, OCBC Investment Research said on Tuesday.But while Japan’s Prime Minister Shinzo Abe’s main ruling Liberal Democratic Party (LDP) is aiming to have a new Bill on gambling ratified in the current Diet session, opposition to the Bill has been strong, delaying a setback to operators anxious for the launch of Asia’s next big gambling market.
  • SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) for the third quarter ended September 30 inched up from 2.289 Singapore cents a year ago to 2.328 Singapore cents. Total distribution income of S$58.3 million for the July 1 to Sept 30 period was 12.4 per cent higher than the previous year.On the retail portfolio, the committed occupancy for Suntec City Phase 1 and Phase 2 was 98.9 per cent while Park Mall maintained 100 per cent committed occupancy. The overall committed occupancy for the retail portfolio stood at 98.4 per cent as at Sept 30.
  • SINGAPORE Exchange (SGX) on Monday launched its yuan futures. Transactions in these yuan futures reached a volume of 1,846 contracts, representing about 1.1 billion yuan (S$229 million) in notional value.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 18.170 TG 18.270, 18.320, 18.490 SL 18.050

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

21Oct
forex-trading3

IForex Market Trading Signals and News – 21 October 2014

TRADING TIPS :

  • Forex-Dollar higher against yen as sentiment improves.
  • Forex- Euro little changed vs. dollar, gains against yen.
  • Forex- Pound pushes higher vs. dollar in quiet trade.

GBP/USD
GBP/USD was up 0.25% to 1.6133, not far from session highs of 1.6135. Data on Friday showed that U.S. consumer sentiment rose to the highest level since July 2007 this month and another report showed that U.S. housing starts rose more than expected in September. The data reinforced expectations that the Federal Reserve will raise interest rates in the second half of 2015 and calmed investor jitters at the end of a volatile week of trading.Sterling slumped to 11-month lows against the dollar mid-week after data showed that the annual rate of U.K. inflation slowed to 1.2% in September, down from 1.5% in August.

EUR/USD
EUR/USD edged up 0.05% to 1.2766, holding below the three-week highs of 1.2876 hit last Wednesday. Data on Friday showed that U.S. consumer sentiment rose to the highest level since July 2007 this month and another report showed that U.S. housing starts rose more than expected in September.The data reinforced expectations that the Federal Reserve will raise interest rates in the second half of 2015 and calmed investor jitters at the end of a volatile week of trading.The dollar fell to three week lows against the euro mid-week and weakened against the other major currencies amid fears that slower global growth would act as a drag on the U.S. economy.The Nikkei newspaper said Monday that the $1.2 trillion Government Pension Investment Fund will raise its target for foreign bonds and shares to around 30% from 23%.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6165-TG:1.6195/1.6225 SL 1.6135
2. Sell GBP/USD Below 1.6100-TG:1.6080/1.6050 SL 1.6130

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

21Oct

Comex Commodity Trading Signals and Market News – 21 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Tuesday, rebounding from downbeat news from Europe overnight and looking ahead to key China economy data. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,247.20 a troy ounce, up 0.20%, after hitting an overnight session low of $1,235.00 and off a high of $1,249.00. At 0200 GMT, China is expected to release third quarter GDP data, with a gain of 7.3% forecast year-on-year, as well as industrial output for September, seen up 7.5% on year, and September retail sales, expected to have gained 11.8%.

• U.S. natural gas futures fell to an 11-month low on Monday, 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 fell to a session low of $3.674 per million British thermal units, a level not seen since November 21, 2013. Prices recovered to last trade at $3.677 during U.S. morning hours, down 8.9 cents, or 2.36%.Futures were likely to find support at $3.659 per million British thermal units, the low from November 21, and resistance at $3.817, the high from October 17.

Crude oil prices were flat in Asia on Tuesday as investors awaited key data from China adn looked ehad to industry data on U.S. petroleum stocks. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in December traded at $81.91 a barrel, down 0.01%, after hitting an overnight session low of $80.81 a barrel and a high of $82.73 a barrel. At 0200 GMT, China is expected to release third quarter GDP data, with a gain of 7.3% forecast year-on-year, as well as industrial output for September, seen up 7.5% on year, and September retail sales, expected to have gained 11.8%.

Copper futures edged lower during European morning trade on Monday, as market players looked ahead to key economic data later in the week which could provide more evidence of a slowdown in China .On the Comex division of the New York Mercantile Exchange, copper for December delivery traded at $2.988 a pound during European morning hours, down 1.5 cents, or 0.51%. Comex copper prices slumped to $2.951 on Friday, a level not seen since March 23, before turning higher to end at $3.003, up 2.2 cents, or 0.74%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1250 TGT 1254,1260 SL 1245
  • SELL GOLD BELOW 1243 TGT 1239,1234 SL 1248

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

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