Daily Archives: October 28, 2014

28Oct
sgx 29 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 29 October 2014

MARKET UPDATES :

  • SINGAPORE shares end 0.45 per cent lower on Tuesday. The Straits Times Index fell 14.46 points to close at 3,211.65. Some 1.19 billion shares valued at S$1.00 billion changed hands. Losers beat gainers 236 to 147.
  • THE Singapore economy is “on track for moderate growth” despite some external and domestic headwinds, said the Monetary Authority of Singapore (MAS) on Tuesday in its twice-yearly Macroeconomic Review. Reiterating its 2014 gross domestic product (GDP) growth forecast of 2.5-3.5 per cent this year, and a “broadly similar” pace for 2015, the central bank said: “Sectors that cater to final demand in the US will fare relatively favourably, while those that are tied to the eurozone and China could be weighed down by the sluggish performance in these economies.
  • THE Intellectual Property Office of Singapore (IPOS) and the State Intellectual Property Office of China (SIPO) have agreed to enhance cooperation in this area through a Memorandum of Understanding (MOU). The agreement was inked on the sidelines of the 11th Singapore-China Joint Council for Bilateral Cooperation meeting co-chaired by Singapore’s deputy prime minister Teo Chee Hean and China’s vice- premier Zhang Gaoli.
  • CREDIT Counselling Singapore (CCS) will offer a centralised repayment system to borrowers with debts owed to several banks from next year. This was announced by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Tuesday at the CCS’s 10th anniversary luncheon. Mr Tharman is also chairman of the Monetary Authority of Singapore. With this system, CCS will coordinate with all the banks that are owed money by a borrower, and create a centralised repayment plan for him. This will take into account the borrower’s income, spending needs and loan obligations.
  • SINGAPORE is building the region’s first micro-grid to integrate multiple renewable energy sources as it scales up its expertise beyond solar power.The Renewable Energy Integration Demonstrator Singapore, to be built offshore at Semakau Landfill, will test and demonstrate the integration of solar, wind, tidal- current, diesel, storage and power-to-gas technologies. It will produce enough electricity to power about 250 HDB four-room flats.
  • THE Singapore economy is “on track for moderate growth” despite some external and domestic headwinds, said the Monetary Authority of Singapore (MAS) on Tuesday in its twice-yearly Macroeconomic Review.
  • OCBC Bank has appointed Pich Event Management to organise OCBC Cycle 2015, which will be held over the weekend of Aug 29-30, 2015 at the Singapore Sports Hub.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TECHNOLOGIES ENGINEERING ABOVE 3.700 TG 3.750, 3.820, 3.920 SL 3.620

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

28Oct

Comex Commodity Trading Signals and Market News – 28 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped slightly in early Asia trade on Tuesday with the focus growing on the Federal Reserve. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,225.80 a troy ounce, down 0.06%, after hitting an overnight session low of $1,227.50 and off a high of $1,232.00. Overnight, gold prices fell earlier as investors avoided the yellow metal and jumped to the sidelines ahead of the Federal Reserve’s statement on monetary policy on Wednesday. The Fed is widely seen closing its bond-buying program, though uncertainty as to whether or not the statement will contain dovish or hawkish language surrounding interest rates prompted investors to avoid the yellow metal ahead of time.

Natural gas prices moved lower on Monday after updated weather-forecasting models continued to call for mild temperatures across much of the U.S., which should curb demand for both heating and air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 1.33% at $3.649 per million British thermal units during U.S. trading. The commodity hit a session low of $3.623, and a high of $3.720. The December contract settled down 0.22% on Friday to end at $3.698 per million British thermal units. Natural gas futures were likely to find support at $3.545 per million British thermal units, the low from Nov. 19, 2013, and resistance at $3.842, last Monday’s high.

Oil futures ended Friday’s session lower, amid speculation rising global supplies will be more than enough to meet slowing demand. On the New York Mercantile Exchange, crude oil for delivery in December slumped $1.08, or 1.32%, on Friday to end the week at $81.01 a barrel. For the week, New York-traded oil futures lost $1.38, or 1.67%, the fourth consecutive weekly decline.

• Elsewhere, on the ICE Futures Exchange in London, Brent for December delivery fell 70 cents, or 0.81%, on Friday to settle at $86.13 a barrel by close of trade. For the week, the November Brent contract dropped 3 cents, or 0.03%, the fifth straight weekly loss. Meanwhile the spread between the Brent and the WTI crude contracts stood at $5.12 a barrel by close of trade on Friday, compared to $3.41 in the preceding week.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1230 TGT 1234,1239 SL 1225
  • SELL GOLD BELOW 1223 TGT 1219,1214 SL 1228

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

28Oct
forex-trading3

IForex Market Trading Signals and News – 28 October 2014

TRADING TIPS :

  • Forex- Euro slips after German Ifo deteriorates.
  • Forex-AUD/USD holds steady, market sentiment improves.
  • Forex- Euro up after ECB stress test results on banks.

USD/JPY
USD/JPY the dollar was lower against the yen, with USD/JPY sliding 0.33% to 107.78.was down 0.12% to 108.14late after falling as low as 107.77 earlier in the session.apan’s government downgraded its assessment of the economic outlook for the second consecutive month last week, and a report earlier in the month showed that sentiment in the services sector deteriorated in the third quarter after a sales tax hike in April hit consumption. The dollar later pulled away from session lows after data showed that U.S. new home sales rose 0.2% from a month earlier to hit a six year high of 467,000 in September. Investors were looking ahead to policy meeting by the Federal Reserve and the Bank of Japan later in the week amid lingering concerns over the outlook for the global economy.

EUR/USD
EUR/USD was last trading at 1.2679, just 0.09% higher for the day, down from around 1.2696 ahead of the release of the data and off session highs of 1.2714.The euro weakened after German research institute Ifo said its index of business climate slid to 103.2 this month from 104.7 in September. It was the lowest level in almost two years and was below forecasts of 104.3.The European Central Bank announced the results of yearlong tests to assess the finances of 150 banks on Sunday. Overall, 25 banks were found to have a capital shortfall, but most have already taken steps to resolve this, the ECB said. The euro gained in early Asian trade on Monday after the results of stress tests on European banks were released at the weekend, showing a better than expected picture of financial health for many.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6130-TG:1.6150/1.6180 SL 1.6100
2. Sell GBP/USD Below 1.6090-TG:1.6070/1.6040 SL 1.6120

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

28Oct
sgx 28 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 28 October 2014

MARKET UPDATES :

  • Singapore shares finished higher on Monday with the benchmark Straits Times Index up 3.56 points to close at 3,226.11. Volume was 1.13 billion shares worth S$999 million. Losers outnumbered gainers 222 to 194.
  • 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.
  • China will begin trading its yuan currency directly with the Singapore dollar on Tuesday, the national foreign exchange market operator said, in the latest move to promote international use of Beijing’s unit. The Singapore dollar will be added to the China Foreign Exchange Trade System’s (CFETS) platform, which currently offers transactions between the yuan and 10 foreign currencies, it said on Monday. The market operator will publish a daily parity between the yuan and the Singapore dollar based on quotes from market makers and allow the currency to move three percent on either side of the central midpoint, CFETS said in a statement on its website.
  • DBS Bank’s push in the trade finance business has clinched it a place among the global banks. While HSBC continues to dominate across Asia in trade finance, in Singapore DBS has made it to the top three banks serving multinationals based here, according to the 2014 Greenwich Associates study released on Monday on Asian corporates use of trade finance. HSBC, Standard Chartered Bank, Citi, Deutsche Bank and ANZ Bank are the top five leaders across Asia serving large corporates.
  • A watershed scheme to allow cross-trading between Hong Kong and Shanghai’s stock markets has been delayed indefinitely, a Hong Kong official said on Monday, warning the pro-democracy protests that have gripped the city could impact the project’s progress. The Shanghai-Hong Kong Stock Connect platform, which would enable international investors to trade selected stocks in Shanghai’s tightly-restricted exchange, and allow mainland investors to buy stocks in Hong Kong, was widely expected to launch this week.
  • FOUR adjoining strata-titled retail shops at Far East Plaza and a row of three contiguous pairs of prime two-storey conservation shophouses in Peck Seah Street have been launched for sale by public tender. The retail shops in Far East Plaza, #02-64/65/68/69, front the main concourse of the shopping mall. The units, ranging from 624 sq ft to 1,248 sq ft in size, are being offered in two-unit or four-unit deal structures.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.150 TG 3.200, 3.270, 3.370 SL 3.080

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

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