Daily Archives: October 30, 2014

30Oct
sgx 31 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 31 October 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Thursday with the Straits Times Index gaining 10.28 points to 3,234.31. Some 1.16 billion shares, valued at S$912.3 million were traded. Gainers numbered 179 while losers numbered 186.
  • Oversea-Chinese Banking Corp , Singapore’s second-biggest lender, posted a 62 per cent rise in quarterly profit, beating expectations, thanks to strong loan growth, higher margins and a one-off gain from a China-related acquisition. OCBC earned USS$1.23 billion in the three months ending in September, compared with S$759 million a year earlier .The third quarter result included a one-off gain of S$391 million from an increased stake in Chinese lender Bank of Ningbo, which became a 20 per cent-owned subsidiary.
  • The Singapore Exchange (SGX) is exploring the feasibility of an equity crowd funding platform for early- stage companies, and has formed a team focused on small and medium-sized enterprises (SMEs), industry sources told The Business Times.
  • TEN years after coming into force, the US-Singapore Free Trade Agreement (USSFTA) has paid rich dividends to both countries, by reinvigorating bilateral trade and investment and opening up new opportunities for companies, according to top diplomats from Singapore and the United
  • Singapore’s sovereign wealth fund GIC will buy a stake of 20 per cent in a Turkish real estate company, Rönesans Gayrimenkul Yatirim AS for 250 million Euros, the two firms said in a statement. The pact takes the form of a primary rights issue and GIC’s injection will fund acquisitions and development of new projects in Turkey. The transaction is expected to be completed in the fourth quarter of this year.
  • The Federal Reserve on Wednesday ended its monthly bond purchase programme and dropped a characterization of US labour market slack as “significant” in a show of confidence in the economy’s prospects.
  • In a statement after a two-day meeting, the central bank largely dismissed recent financial market volatility, dimming growth in Europe and a weak inflation outlook as unlikely to undercut progress toward its unemployment and inflation goals. “On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing,” the Fed said in an important departure from prior policy statements, which had described the slack as “significant.
  • NEPTUNE Orient Lines (NOL), South-east Asia’s biggest container line, is seeking buyers for APL Logistics unit in a sale that could fetch at least US$1 billion (S$1.27 billion), said Bloomberg.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.400 TG 9.500, 9.620, 9.750 SL 9.280

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

30Oct
Forex Signals

IForex Market Trading Signals and News – 30 October 2014

TRADING TIPS :

  • Forex-Russian rouble sinks to new all-time lows vs. dollar, euro.
  • Forex-AUD/USD higher with Fed meeting in focus.
  • Forex- Dollar gains against yen in early Asia as all eyes on Fed meet.

USD/JPY
USD/JPY traded at 108.11, down 0.05%, .The dollar gained against the yen early Wednesday in Asia with the Australian dollar flat and all eyes on the upcoming Federal Reserve monetary policy announcement.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 greenback ahead of time.Up ahead, Japan’s September preliminary industrial output data is due at at 0850 Tokyo The forecast is for a 2.2% gain on month, which would be the first rise in two months.

EUR/USD
EUR/USD edged up 0.08% to 1.2744, holding below Tuesday’s one week highs of 1.2764.The dollar held steady against the euro and the yen on Wednesday as investors looked ahead to the conclusion of the Federal Reserve’s two day policy meeting later in the day.The Fed was widely expected to announce the conclusion of its asset purchasing stimulus program, known as quantitative easing after its monthly meeting. the U.S. central bank was also expected to reassure markets that interest rates will remain on hold for some time to come amid concerns that slowing growth in Europe and China could act as a drag on the U.S. economy.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6153-TG:1.6173/1.6203 SL 1.6123
2. Sell GBP/USD Below 1.6115-TG:1.6095/1.6065 SL 1.6145

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

30Oct

Comex Commodity Trading Signals and Market News – 30 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady to weaker early Thursday in Asia as investors took note of the Federal Reserve’s confidence on economic growth in the United States. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.09% at $1,210.80 a troy ounce. The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as “significant” in a show of confidence in the economy’s prospects.

Crude oil prices eased marginally in Asia on Thursday as the end of the Federal Reserve’s bond buying program brought strength to the dollar. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded at $81.99, down 0.06%. A stronger dollar tends to weaken crude prices. Brent crude rose $1.09, or 1.3%, in price to settle at $87.12 a barrel on the ICE Futures Europe exchange. It was the global oil benchmark’s highest settlement since Oct. 13. The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as “significant” in a show of confidence in the economy’s prospects.

Natural gas prices shot up on Wednesday on expectations that Thursday’s weekly supply report will show increasing demand for the commodity as cooler weather makes its way into the U.S. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 1.69% at $3.810 per million British thermal units during U.S. trading. The commodity hit a session low of $3.698, and a high of $3.849. The December contract settled up 2.58% on Tuesday to end at $3.731 per million British thermal units. Natural gas futures were likely to find support at $3.620 per million British thermal units, Tuesday’s low, and resistance at $3.955, the high from Oct. 14.

Copper prices rose to a fresh two-week high on Wednesday, amid speculation the Fed will reassure markets that interest rates will remain on hold for some time to come. On the Comex division of the New York Mercantile Exchange, copper for December delivery rose to a session high of $3.099 a pound, the most since October 14. Prices last traded at $3.092 a pound during European morning hours, up 0.2 cents, or 0.05%. A day earlier, copper prices tacked on 2.9 cents, or 0.95%, to settle at $3.093 a pound. Futures were likely to find support at $3.055, the low from October 28, and resistance at $3.104, the high from October 14.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1215 TGT 1219,1223 SL 1210
  • SELL GOLD BELOW 1209 TGT 1205,1200 SL 1214

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

30Oct
sgx 30 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 30 October 2014

MARKET UPDATES :

  • Singapore, New Zealand and Hong Kong are the world’s easiest places to run a business, while global giants China, Brazil and India remain far down the list, according the World Bank. Three small but hot Pacific economies led the Bank’s annual “Doing Business” report, released Wednesday, which focuses on where businesses are best helped and least hindered by government. The top 10 was filled out by Denmark, South Korea, Norway, the United States, Britain, Finland and Australia, mostly the same developed economies as in previous years.
  • Come September 1, 2016, businesses applying for or renewing a licence to operate a security agency in Singapore must adopt the Progressive Wage Model. This means security agencies must ensure their security officers get the required training and are paid wages in line with or higher than the levels which the model prescribes. That entails paying a monthly starting pay of at least S$1,100.
  • THE Monetary Authority of Singapore (MAS) has presented a sobering prognosis of the Singapore economy – GDP expansion will continue to be muted, productivity growth will remain constrained, and core inflation will stay above its historical average on the back of labour cost pressures. The manufacturing sector, too, continues to face difficulties from land and labour constraints, although one positive is that companies have been moving up the value creation chain successfully.
  • Job advertisements for professional positions in Singapore jumped 37 per cent year-on-year in the third quarter of this year due in part to the Fair Consideration Framework, according to a Robert Walters report.This outpaced the broader region, where job advertisements were up 20 per cent in the third quarter.
  • SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 12.38 points to 3,224.03. Some 1.15 billion shares, valued at S$1.01 billion were traded. Gainers numbered 265 while losers numbered 140.
  • SINGAPORE Exchange (SGX) chief regulatory officer Richard Teng has resigned, less than a year after being promoted, to become chief executive of Abu Dhabi Global Market Regulator. Mr Teng, who took on his current role in January following the retirement of former SGX chief regulatory and risk officer Yeo Lian Sim, will leave on Feb 28, 2015. SGX said it is currently reviewing candidates.
  • SINGAPORE is building the region’s first micro-grid to integrate multiple renewable energy sources as it scales up its expertise beyond solar power to become a clean energy hub in South-east Asia. As the first public micro-grid in the world for such research, it has drawn.

STOCK RECOMMENDATION :

  • BUY KEPPEL CORPORATION ABOVE 9.400 TG 9.500, 9.620, 9.750 SL 9.270

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.