Monthly Archives: November 2014

28Nov

Comex Commodity Trading Signals and Market News – 28 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in early Asian trade on Friday with investors focused on demand cues from Switzerland and year-end holiday sales. On the Comex division of the New York Mercantile Exchange,gold future for February delivery traded at $1,189.50 a troy ounce, down 0.06%. Overnight, gold prices inched lower on Thursday, as trading conditions remained thin with markets in the U.S. closed for the Thanksgiving Day holiday.

• U.S. Natural Gas prices plunged sharply in holiday-thinned trade on Thursday, as updated weather forecasting models for the first week of December pointed to a return to mild weather, prompting investors to bet that utilities and homes will burn less natural gas as demand for heating falls.On the New York Mercantile Exchange, natural gas for delivery in January fell by as much as 2.95% to touch a daily low of $4.274 per million British thermal units, before recovering to last trade at $4.280, down 12.3 cents, or 2.79%.

Copper futures bounced off the previous session’s eight-month low on Thursday, amid speculation policymakers around the world will have to introduce further stimulus measures to support the global economy and boost growth. On the Comex division of the New York Mercantile Exchange, copper for March delivery tacked on 0.6 cents, or 0.21% to trade at $2.963 a pound during European morning hours.

Crude Oil prices fell in early Asia on Friday as the market digested a decision by OPEC to largely leave current production intact that sent the commodity to a multi-year low overnight. On the New York Mercantile Exchange, crude oil for delivery in January traded at $68.97 a barrel, down 0.14%. Overnight, oil prices tumbled to their lowest level in more than four years on Thursday after the Organization of the Petroleum Exporting Countries left output quotas unchanged.

• West Texas Intermediate oil prices tumbled to the lowest level since May 2010 on Thursday, after the Organization of the Petroleum Exporting Countries decided not to cut output at the conclusion of its highly-anticipated meeting. Elsewhere, on the ICE Futures Exchange in London,Brent oil for January delivery lost as much as 6.35% to hit a session low of $72.81 a barrel, a level not seen since June 2010, before trimming losses to last trade at $73.19, down $4.57, or 5.87%.

TRADING STRATEGY :

  • SELL GOLD BELOW 1180 TARGET 1170 1160 SL 1190
  • BUY GOLD ABOVE 1193 TARGET 1203 1213 SL 1183

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

28Nov
forex-market-hours

IForex Market Trading Signals and News – 28 November 2014

TRADING TIPS :

  • Forex-Yen weakens sharply as CPI highlights weak economy.
  • Forex-Dollar remains broadly supported in holiday-thinned trade.
  • Forex-Euro lower after German inflation data.

EUR/USD
EUR/USD was down 0.22% to 1.2478, off session highs of 1.2522. The euro was slightly lower against the dollar on Thursday after data showed that the annual rate of inflation in Germany slowed to almost a five year low this month, fuelling concerns over the risk of deflation in the euro area.Germany’s consumer price index rose just 0.6% this month, data on Thursday showed, down from 0.8% in October. On a month-over-month basis, prices were flat. Investors were looking ahead to preliminary data on euro zone inflation due to be released on Friday. The annual rate of inflation in the euro zone fell to 0.4% in October, well below the ECB’s target of close to but just under 2%.

USD/JPY
USD/JPY was traded at 118.24, up 0.42%, The Japanese yen weakened smartly on Friday after a mixed set of key data that reflected a sharp drop in crude oil prices and weak domestic demand that cast doubts on the Bank of Japan’s efforts to achieve its 2% inflation target with the economy in recession. October national core CPI in Japan rose 2.9%, meeting expectations, marking a 17th straight year-on-year rise but the slowest since April sales tax hike. The unemployment rate dipped to 3.5%, beating an expected 3.6% level and hHousehold spending dropped 4%, beating an expectation of a drop of 4.8% year-on-year in real terms, nut still a seventh consecutive year-on- year drop.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2495-TG:1.2515/1.2545 SL 1.2465
2. Sell EUR/USD Below 1.2430-TG:1.2410/1.2380 SL 1.2460

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

28Nov
sgx 28 nov

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

MARKET UPDATES :

  • SINGAPORE’S financial markets have remained stable through 2014, but banks will have to be watchful of liquidity and credit risks, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank’s Macroeconomic Surveillance Department, Singapore’s banking system is sound and remains resilient to external shocks. Asset quality is healthy. The local banks’ capital adequacy positions are well above regulatory requirements, and their liquidity positions are sound.
  • NET capital flows to Asia have turned negative, partially reversing the net inflows since 2010, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank’s Macroeconomic Surveillance Department, several Asian economies have received substantial financial flows in the past few years as Asian sovereigns and corporates benefited from historically low risk premiums and global volatility.
  • THE balance sheets of Singapore property firms remain healthy despite the moderation in residential property prices and transactions, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank’s Macroeconomic Surveillance Department, median return on assets for property firms, excluding S-Reits, fell from 5.5 per cent in the second quarter of 2013 to 3.9 per cent in Q2 2014, even as their debt-to-equity ratio rose from 55 per cent to 65 per cent.
  • IPS is one of Singapore’s leading providers of integrated security solutions. As political instability grows around the region, ongoing disputes in certain countries and increasing national security concerns have led to governments in the region boosting their defence budgets, which puts IPS in an advantageous position to benefit from this situation.
  • Stability is ComfortDelGro’s (CDG) key strength thus far for FY14 and we think its ability to remain so is attractive. CDG’s results for all three quarters in FY14 came in within our expectations and we believe it is on track to meet our forecasted 9.0% YoY growth for FY14’s PATMI. Recall that revenue from Australia saw decline since 1Q14 on loss of bus routes in regions 1 and 3. However, we believe it is more or less stabilized as seen in 3Q14 from its operations in the newly acquired region 4 bus routes. In UK, revenue growth came mainly from the newly secured Metroline West operations. We also expect improvement from bus and rail operations in Singapore to continue on higher ridership and average fares for the rest of FY14. Overall, we are positive on CDG’s ability to meet our FY14 expectations.
  • S-REITS, or Singapore’s real estate investment trusts, are better placed to withstand funding shocks today than during the Global Financial Crisis (GFC) period, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday. According to the report by the central bank’s Macroeconomic Surveillance Department, this is largely due to better debt management. During the GFC, S-Reits experienced refinancing pressure when about one-third of their debt matured within the same year in 2009. They have since taken steps to improve their resilience to counter funding shocks.

STOCK RECOMMENDATION :

  • BUY OLAM INTER ABOVE 2.130 TGT 2.160 ,2.220 SL 2.070

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

27Nov

Comex Commodity Trading Signals and Market News – 27 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold held mostly steady in early Asia on Thursday ahead of a holiday in the U.S. that will shut markets, but also marks the start of the year-end shopping season that is key for demand. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded down $1,198.00 a troy ounce, flat, after hitting an overnight session low of $1,194.70 and off a high of $1,201.50.

Crude oil prices eased on Thursday in early Asia as OPEC looks unlikely to make any significant cuts to production and ahead of a holiday in the U.S. that will close markets. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $73.48 a barrel, down 0.12%, after hitting an overnight session low of $73.33 a barrel and off a high of $74.44 a barrel.

Natural gas futures fell on Wednesday on forecasts for milder temperatures to settle in across much of the U.S. in early December after a blast of cold air exits, though forecast uncertainty cushioned losses along with a bullish supply report. On the New York Mercantile Exchange, natural gas futures for delivery in January were down 0.77% at $4.369 per million British thermal units during U.S. trading. The commodity hit a session low of $4.338, and a high of $4.513. The January contract settled up 2.30% on Tuesday to end at $4.403 per million British thermal units.

Copper futures edged higher on Tuesday, as market players looked ahead to the release of revised U.S. third quarter growth data due later in the session.On the Comex division of the New York Mercantile Exchange, copper for March delivery picked up 1.1 cents, or 0.36% to trade at $3.017 a pound during European morning hours. A day earlier, copper prices lost 2.3 cents, or 0.76%, to settle at $3.006 a pound.

Oil prices swung between small gains and losses on Monday, as market players continued to weigh the likelihood that the Organization of the Petroleum Exporting Countries will cut output to support prices when it meets in Vienna later this week. On the ICE Futures Exchange in London, Brent oil for January delivery inched up 21 cents, or 0.27%, to trade at $80.58 a barrel during European morning hours.

TRADING STRATEGY :

  • SELL GOLD BELOW 1191 TARGET 1181 1171 SL 1201
  • BUY GOLD ABOVE 1205 TARGET 1215 1225 SL 1195

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

27Nov
forex-market-hours

IForex Market Trading Signals and News – 27 November 2014

TRADING TIPS :

  • Forex-Kiwi gains after trade data with trade thin on U.S. holiday.
  • Forex-USD/JPY slides mixed bag of U.S. economic indicators.
  • Forex-EUR/USD gains on tepid bag of U.S. Data.

EUR/USD
EUR/USD was up 0.28% at 1.2509, up from a session low of 1.2444 and off a high of 1.2531. The pair was likely to find support at 1.2372, Monday’s low, and resistance at 1.2600, last Wednesday’s high.The euro firmed against the dollar on Wednesday after a mixed bag of U.S. data left investors questioning the strength of U.S. recovery and the timing of Federal Reserve rate hikes next year. It was the highest level since early September, confounding market calls for a decrease of 5,000.Finally, data showed that sales of new homes rose 0.7% in October to an annual rate of 458,000 units, but pending home sales unexpectedly fell 1.1% last month.Elsewhere, the euro was down against the pound

USD/JPY
USD/JPY was down 0.25% at 117.68, up from a session low of 117.44 and off a high of 117.98.The pair was expected to test support at 117.33, last Friday’s low, and resistance at 118.57, Monday’s high. A tepid mix of U.S. economic indicators sent the dollar weakening against the yen on Wednesday, leaving investors questioning the strength of U.S. recovery and the timing of Federal Reserve rate hikes next year.The dollar was down against the yen.U.S. markets will be closed on Thursday for the Thanks giving holiday.Finally, data showed that sales of new homes rose 0.7% in October to an annual rate of 458,000 units, but pending home sales unexpectedly fell 1.1% last month. Separately, the yen was down slightly against the euro and down against the pound,

RECOMMENDATION :

1. Buy EUR/USD Above 1.2532-TG:1.2552/1.2582 SL 1.2502
2. Sell EUR/USD Below 1.2480-TG:1.2460/1.2430 SL 1.2510

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

27Nov
sgx 27 nov

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

MARKET UPDATES :

  • SINGAPORE share prices opened down on Wednesday with the Straits Times Index down 5.90 points to 3,339.09.Volume was 101.8 million shares worth S$208.0 million. Losers outnumbered gainers 71 to 54.
  • SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 4.67 points to 3,349.66. Some 1.63 billion shares, valued at S$1.21 billion were traded. Gainers numbered 224 while losers numbered 186.
  • A LITANY of external risks could throw the official 2-4 per cent growth forecast for 2015 off-course, even as the government announced better-than-expected Q3 GDP numbers and projected economic growth of “around 3 per cent” for 2014.
  • SINGAPORE’S manufacturing sector expanded – albeit barely – in October, with industrial output rising just 0.2 per cent on a year-on-year basis. It was pulled up by a double-digit increase in pharmaceuticals production, which offset contractions in the electronics and transport engineering clusters. Excluding biomedical output – which grew 22.5 per cent in October – industrial production would have declined 4.3 per cent.
  • FAMILY offices in Asia-Pacific did poorer than their European and North American counterparts over the last 12 months, a study by UBS and Campden Research showed on Wednesday. Family offices are wealth management advisory set-ups that serve the financial and investment needs of affluent families.
  • The Tokyo Stock Exchange (TSE) has indefinitely shelved plan to hold a two-hour evening session, which was being considered as a way for the bourse to better compete with rivals in Europe and the United States. With competition intensifying among the world’s exchanges, officials in Tokyo in January established a round table to discuss the idea of reopening for from 9pm to 11 pm (1200-1400 GMT).
  • SINGAPORE’S economy is expected to have a “continued sub-par performance” due to a lack of visibility that will hamper any significant rebound in domestic demand, even as Singaporean consumer confidence inched upwards in November, said ANZ’s South Asia, Asean & Pacific chief economist.
  • ACCORDIA Golf Trust Management, the trustee manager of Accordia Golf Trust (AG Trust), on Wednesday said that AG Trust has been added to the Morgan Stanley Capital International (MSCI) Singapore Small Cap Index.
  • EMERGING East Asia’s local currency bond markets continue to expand, with Singapore’s market the fastest-growing in the third quarter, the Asian Development Bank (ADB) has said.In its latest Asia Bond Monitor released on Tuesday, it noted that cross-border bond issuances.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO CORPORATION LTD 2.600 TGT 2.640 ,2.700 SL 2.520

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

26Nov

Comex Commodity Trading Signals and Market News – 26 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose in early Asia on Wednesday with investors focused on U.S. demand ahead of the start of the busy Christmas shopping season this week. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,201.40 a troy ounce, up 0.07%, after hitting an overnight session low of $1,190.60 and off a high of $1,203.00.Overnight, gold prices posted cautious gains in U.S. trading on Tuesday after a soft report on U.S. consumer confidence weakened the dollar, though a robust economic growth report capped the precious metal’s gains.

Oil prices dipped in early Asia on Wednesday despite U.S. industry data that showed a solid drop in crude stocks last week. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $73.82 a barrel, down 0.03%, after hitting an overnight session low of $74.29 a barrel and off a high of $76.57 a barrel.

Natural gas futures rose on Tuesday after investors viewed futures as oversold in wake of forecasts calling for mild temperatures across much of the U.S. On the New York Mercantile Exchange, natural gas futures for delivery in January were up 1.22% at $4.357 per million British thermal units during U.S. trading. The commodity hit a session low of $4.229, and a high of $4.360.The January contract settled down 2.56% on Monday to end at $4.304 per million British thermal units.

Crude futures dropped on Tuesday after a widely-watched gauge of U.S. consumer confidence disappointed investors and stoked concerns over the strength of the country’s recovery and how much fuel and energy it will consume going forward. Concerns OPEC may do little to combat a global supply glut exacerbated losses. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded down 1.90% at $74.34 a barrel during U.S. trading, up from a session low of $74.29 a barrel and off a high of $76.57 a barrel.

Copper futures edged higher on Tuesday, as market players looked ahead to the release of revised U.S. third quarter growth data due later in the session. On the Comex division of the New York Mercantile Exchange, copper for March delivery picked up 1.1 cents, or 0.36% to trade at $3.017 a pound during European morning hours. A day earlier, copper prices lost 2.3 cents, or 0.76%, to settle at $3.006 A POUND. Futures were likely to find support at $2.991, the low from November 20, and resistance at $3.045,

TRADING STRATEGY :

  • SELL GOLD BELOW 1191 TARGET 1181 1171 SL 1201
  • BUY GOLD ABOVE 1205 TARGET 1215 1225 SL 1195

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

26Nov
forex-trading3

IForex Market Trading Signals and News – 26 November 2014

TRADING TIPS :

  • Forex-Yen gains in early Asia with focus on busy U.S. data day ahead.
  • Forex-Dollar softens on weak U.S. consumer confidence report.
  • Forex-EUR/USD up as weak consumer confidence data spark dollar selloff

EUR/USD
EUR/USD was up 0.25% at 1.2472, up from a session low of 1.2403 and off a high of 1.2486. The pair was likely to find support at 1.2372, Monday’s low, and resistance at 1.2600, last Wednesday’s high.The euro firmed against the dollar on Tuesday after a poor U.S. consumer confidence report offset upbeat economic growth data and sent investors selling the greenback for profits.The Conference Board market research group reported earlier that consumer confidence index fell to 88.7 this month from a 94.1 in October, whose figure was revised down from a previously reported 94.5. The dollar has rallied in recent weeks on expectations for U.S. monetary policy to grow less accommodative while European and Asian central banks move in the opposite direction.

USD/JPY
USD/JPY was down 0.25% at 117.98, up from a session low of 117.69 and off a high of 118.57. The pair was expected to test support at 117.33, Friday’s low, and resistance at 118.57, Monday’s high. The dollar slid against its Japanese counterpart on Tuesday after a disappointing report on U.S. consumer confidence sparked a round of greenback profit taking, while somewhat hawkish minutes from the Bank of Japan’s most recent meeting supported the yen. The Japanese yen gained in early Asia on Wednesday in a thin data day in the region and a focus on U.S. data ahead of the Thanks giving holiday.The currency received an additional boost after the minutes of the BoJ’s October meeting showed that some officials opposed plans to expand its stimulus program.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2507-TG:1.2527/1.2557 SL 1.2477
2. Sell EUR/USD Below 1.2438-TG:1.2418/1.2388 SL 1.2468

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

26Nov
sgx 26 nov

Financial Sgx Singapore Stock Market Trading Picks And News – 26 November 2014

MARKET UPDATES :

  • SINGAPORE share prices opened flat on Tuesday with the Straits Times Index down 0.94 points to 3,339.59. Volume was 83.2 million shares worth S$107.1 million. Losers outnumbered gainers 67 to 64.
  • SINGAPORE shares ended higher on Tuesday with the Straits Times Index gaining 4.46 points to 3,344.99. Some 1.78 billion shares, valued at S$1.83 billion were traded. Gainers numbered 172 while losers numbered 233.
  • THE Singapore government now expects the economy to grow by 3 per cent this year – at the mid-point of its earlier official forecast of 2.5-3.5 per cent, which had been kept unchanged since August. The Ministry of Trade and Industry (MTI) announced on Tuesday morning that Q3 GDP grew a stronger 2.8 per cent year-on-year, thanks to stronger growth in the manufacturing and services sector.
  • SINGAPORE’S non-oil domestic exports for 2015 are tipped to move into positive terrain, growing between 1.0 and 3.0 per cent year on year, up from a revised forecast of 1.0-1.5 per cent dip this year, according to trade promotion agency International Enterprise Singapore. Earlier growth projection for the NODX was a 1.0-2.0 drop for 2014.
  • Protests spread across the United States on late Monday over the explosive grand jury decision in Missouri against indicting a white cop who shot dead an unarmed black teen. Angry people took to the streets from Seattle out west to Chicago in the middle and New York, the nation’s largest city, as the hotspot town of Ferguson, Missouri – where the decision was rendered – roiled with rioting.
  • Singapore’s sovereign wealth fund GIC and Indonesia’s Rajawali Group have agreed to jointly invest up to US$500 million in equity in property projects in Indonesia, the two companies said in a statement on Tuesday.
  • CHINA’S unexpected interest rate cuts, its first in almost two years, provided the fuel for rallies in some Asian stock markets on Monday. But the bounce could be short-lived when the dust clears and investors are reminded the country’s fundamentals are largely unchanged.
  • EMERGING East Asia’s local currency bond markets continue to expand with Singapore the fastest- growing in Q3, said the Asian Development Bank (ADB). In its latest Asia Bond Monitor released on Tuesday, it noted cross-border bond issuances remained active, in particular China-based corporates selling debt in Hong Kong dollars and Singapore dollars. Issuances in US dollars also reached a record.
  • VARIOUS e-Government and Smart Nation initiatives planned by Singapore over the next few years are expected to keep government spending on Information and Communications Technology (ICT) on the upswing till 2018. And research agency Gartner reckons that government.

STOCK RECOMMENDATION :

  • BUY SMRT CORP ABOVE 1.645 TGT 1.685 ,1.745 SL 1.590

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

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