Daily Archives: October 27, 2014

27Oct
sgx 27 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 27 October 2014

MARKET UPDATES :

  • SINGAPORE share prices opened higher on Monday with the Straits Times Index up 5.63 points to 3,228.18.Volume was 63.5 million shares worth S$111.9 million Gainers outnumbered losers 86 to 39.
  • ISOTeam intends to acquire four local companies for an aggregate consideration of about S$11.0 million, under a plan to become a complete building and maintenance team, said the repairs, redecoration, addition and alteration specialist on Monday. The four companies are Accom International, Accom Pte Ltd, Industrial Contracts Marketing (ICM) and Rong Shun Landscape & Construction.
  • A MAJOR stumbling block to Malaysia’s ambitious multi-billion dollar bank merger between CIMB Group, RHB Capital and Malaysia Building Society Bhd may have been cleared, owing to high-level talks between the leaders of Malaysia and Abu Dhabi.
  • A STRONG opening for Europe and expectations of a strong session for Wall Street helped the Straits Times Index (STI) on Tuesday close 21.69 points higher at 3,202.74 after an indifferent session in the morning and most of the afternoon.Turnover amounted to a mediocre 1.1 billion units
  • The dim stock market dragged Singapore Exchange’s (SGX) fiscal first quarter down by 16 per cent, but some bright spots could be found in the market operator’s derivatives business and liquidity improvement measures.Net profit for the period ended Sept 30 slid to S$78
  • This week should decide the epic October battle between bulls and bears as verdicts on third-quarter economic growth, Federal Reserve policy and corporate earnings all hit the tape.US stocks rallied last week and major indices accumulated their biggest weekly gains in more than a year as
  • IT’S an uncomfortable question that’s being asked. With heightened costs and yet unclear benefits, whether Singapore’s economic restructuring policy is working out is an issue that is increasingly coming to the fore.
  • The recent weeks have seen preliminary Q3 GDP growth estimates falling short of expectations, the unusual situation of core inflation surpassing headline inflation, and apointed International Monetary Fund (IMF) report flagging the threat to Singapore’s competitiveness. And still, the latest round of economic restructuring, with its stress on lifting productivity and curbing cheap foreign labour, is well into year five without yielding significant countable gains
  • THIS week should decide the epic October battle between bulls and bears as verdicts on third-quarter economic growth, Federal Reserve policy and corporate earnings all hit the tape.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.130 TG 3.180, 3.240, 3.320 SL 3.070

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

27Oct

Comex Commodity Trading Signals and Market News – 27 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased slightly in early Asian trade on Monday after a stress test exercise for European banks released at the weekend showed a better than expected reading. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,230.20 a troy ounce, down 0.06%, after it settled last week at $1,231.80 a troy ounce. Roughly one in five of the euro zone’s top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday. Painting a brighter picture than had been expected, the ECB found the biggest problems in Italy, Cyprus and Greece but concluded that banks’ capital holes had since chiefly been plugged, leaving only a modest 10 billion euros ($12.7 billion) to be raised.

Crude oil prices eased in early Asian trade on Monday on better than expected results from stress test exercises for European banks. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded at $81.20 a barrel, down 0.13%. Prices jumped 1.57$ or 1.95% on Thursday to settle at $82.09.Futures were likely to find support at $80.05 a barrel, Thursday’s low and resistance at $83.15, the high from October 22. Oil prices weakened after The New York Times reported earlier Friday that a doctor in New York City, identified as Craig Spencer, tested positive for the Ebola virus after returning from treating patients in West Africa.

• Brent oil futures, the global benchmark, fell 0.8% to $86.13 a barrel on ICE Futures Europe on Friday. The test, designed to mark a clean start before the ECB takes on supervision of the banks next month, said Banca Monte Dei Paschi Spa (OTC:BMDPY) had the largest capital hole to fill at 2.1 billion euros .

• 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 $3.559 per million British thermal units on Friday, a level not seen since November 20, 2013. Prices came off the lows to settle at $3.623 by close of trade, down 0.1 cents, or 0.03%. On the week, Nymex natural gas prices lost 14.3 cents, or 3.79%, the third straight weekly decline. Futures were likely to find support at $3.559 per million British thermal units, the low from October 24, and resistance at $3.718, the high from October 22.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1234 TGT 1238,1243 SL 1229
  • SELL GOLD BELOW 1227 TGT 1223,1219 SL 1232

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

27Oct
forex-market-hours

IForex Market Trading Signals and News – 27 October 2014

TRADING TIPS :

  • Forex-Euro up after ECB stress test results on banks
  • Forex-GBP/USD gains on soft U.K. housing data, firm U.K. GDP report
  • Forex- EUR/USD gains on disappointing U.S. home sales data

GBP/USD
was up 0.41% at 1.6097, up from a session low of 1.6018 and off a high of 1.6099. Cable was likely to find support at 1.5993, Thursday’s low, and resistance at 1.6186, Tuesday’s high. The dollar dipped after the Census Bureau reported earlier that U.S. new home sales rose 0.2% in September to 467,000 units, missing expectations for an increase to 470,000 units. The August figure was downwardly revised to a 15.3% climb to 466,000 units from a previously estimated 18.0% jump to 504,000 units, and the data weakened the dollar against the euro, as while the Federal Reserve is widely seen closing its bond-buying program this month, the timing of rate hikes in 2015 remains unclear.

EUR/USD
EUR/USD hit 1.2695 during U.S. morning trade, the pair’s highest since October 22; the pair subsequently consolidated at 1.2685, rising 0.30%. The pair was likely to find support at 1.2582, the low of October 7 and resistance at 1.2769, the high of October 14. The dollar came under pressure after official data showed that U.S. new home sales rose 0.2% lat month to467,000 units, below expectations for an increase to 470,000 units. August’s figure was downwardly revised to a 15.3% climb to 466,000 units from a previously estimated 18.0% jump to 504,000 units.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6140-TG:1.6160/1.6190 SL 1.6115
2. Sell GBP/USD Below 1.6070-TG:1.6050/1.6020 SL 1.6095

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