Daily Archives: January 20, 2016

20Jan
sgx2

SGX : Singapore shares tumble to lowest in more than 4 years.

SINGAPORE EXCHANGE :

  • SINGAPORE’S blue chip Straits Times Index tumbled to its lowest in more than four years on Wednesday amid nagging concerns over crude oil prices and the faltering Chinese economy.
  • The STI fell to 2,560.94, and was trading around 2,562.43 at 1:11pm, down 76.04 points, or almost 3 per cent, from the previous day’s close. This is the lowest level seen since July 2011. Losers led gainers by 310 to 53.
  • Sembcorp Marine and its parent company Sembcorp Industries were in active trading in the morning following rumours of a full takeover by the parent firm or just an injection of funds into Sembcorp Marine. Other losers included DBS, SingTel and property-related Capitaland.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

20Jan

Comex Trading Signals and Market News – 20 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper prices jumped to a more than one-week high in Europe trade on Tuesday, after China’s quarterly economic growth met expectations, calming fears over a deeper than expected slowdown.Official data released earlier showed that China’s economy grew 6.8% in the fourth quarter from a year earlier, the weakest pace of growth since the first quarter of 2009.
  • Oil prices pushed higher in Europe trade on Tuesday, after China’s fourth quarter growth met expectations and sparked hopes for more stimulus. Official data released earlier showed that China’s economy grew 6.8% in the fourth quarter from a year earlier, the weakest pace of growth since the first quarter of 2009. That was in line with market expectations and down from growth of 6.9% in the previous three months.
  • Gold futures inched lower on Tuesday, as a recovery in global equity markets dampened demand for safe-haven assets.Global stock markets rallied on Tuesday after China’s fourth quarter growth met expectations and sparked hopes for more stimulus to support the world’s second largest economy.Gold for February delivery on the Comex division of the New York Mercantile Exchange dipped $2.00, or 0.18%, to trade at $1,088.80 a troy ounce by 10:05GMT, or 5:05AM ET.

ECONOMY NEWS :

  • China is expected to report its weakest quarterly economic growth in nearly seven years on Tuesday, adding pressure on policymakers to take bolder steps to ward off fears of a sharper slowdown that are jolting global financial markets.Chinese leaders have been struggling to put a floor under the economy, even as a fresh plunge in its stock markets and yuan currency have stoked worries from Washington to Wellington that conditions may be rapidly deteriorating.
  • The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, citing a sharp slowdown in China trade and weak commodity prices that are hammering Brazil and other emerging markets.The Fund forecast that the world economy would grow at 3.4 percent in 2016 and 3.6 percent in 2017, both years down 0.2 percentage point from the previous estimates made last October. It said that policymakers should be considering ways to bolster short-term demand.
  • Global financial markets seem to be overreacting to falling oil prices and China, the chief economist of the International Monetary Fund said on Tuesday. Maurice Obstfeld also said it was critical that China is clear about its overall policy strategy, including its currency.”It’s not a stretch to suggest that (markets) may be reacting very strongly to rather small bits of evidence in an environment of volatility and risk aversion,” Obstfeld said in a news conference held after the IMF cut its global growth forecasts for the third time in less than a year.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1095 TARGET 1100 1106 SL 1089
  • SELL GOLD BELOW 1090 TARGET 1085 1079 SL 1096

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

20Jan
forex-trading3

IForex Market Trading Signals and News – 20 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -AUD/USD rises after Chinese data, gains seen limited
  • Forex – NZD/USD edges higher after China GDP
  • Forex -Dollar higher against safe haven yen after China GDP data

EUR/USD
The euro remained slightly lower against the dollar on Tuesday after a report showing that German economic sentiment deteriorated this month, knocked by recent turmoil in global financial markets. EUR/USD was last at 1.0869, off 0.21% for the day from around 1.0873 earlier. The ZEW institute said its index of German economic sentiment fell from 16.1 in December to 10.2 in January, as slowing growth in China and other major world economies dimmed the outlook for the euro area’s largest economy. This was still higher than analysts forecast for a reading of 8.2. The ZEW index of current conditions rose to 59.7 from 55.0 in December, the highest level since September. A separate report confirmed that the annual rate of inflation in the euro area came in at 0.2% in December, in line with forecasts.On a month-over-month basis consumer prices were flat.

GBP/USD
The pound hit the day’s highs against the dollar on Tuesday after data showing that the annual rate of inflation in the U.K. rose at the fastest rate in almost a year in December. GBP/USD rose to 1.4340 from around 1.4317 ahead of the report.The U.K. consumer price index rose 0.1% in December from a month earlier, matching forecasts, the Office for National Statistics said. The annual rate of inflation rose 0.2%, ahead of forecasts of 0.1% and the highest since January 2015. Transport costs, particularly air fares, and to a lesser extent motor fuels, were the main contributors to the rise, the ONS said. The data comes at the end of a year which saw consumer prices inflation hover close to zero, prompting investors to push back expectations on the timing of a rate hike by the Bank of England.Investors were looking to the speech for any indications on the timing of a possible rate hike.Sterling also touched session highs against the euro, with EUR/GBP falling to 0.7584 from 0.7599 earlier.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4350 TARGET 1.4370 1.4400 SL 1.4320
  • SELL GBP/USD BELOW 1.4280 TARGET 1.4260 1.4230 SL 1.4310

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

20Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 20 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 37.76 points or 1.44% lower to 2593, taking the year-to-date performance to -10.05%.
  • The top active stocks today were DBS, which declined 2.80%, SingTel, which declined 0.84%, UOB, which declined 2.84%, OCBC Bank, which declined 2.14% and CapitaLand, with a 1.63% fall.
  • The FTSE ST Mid Cap Index declined 1.30%, while the FTSE ST Small Cap Index declined 1.53%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.86%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 0.75% higher and 1.46% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 2.98%. China Everbright Water shares declined 2.98% and SIIC Environment Holdings declined 4.38%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.12%)Dbxt Ftse Vietnam Etf 10 (-1.76%), Dbxt S&P 500 Short Etf 10 (-0.17%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.47%), Capitacom Trust (+0.76%), Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI20000MBeCW160226 (-19.29%), CN11500MBeCW160428 (+2.63%), HSI18400MBePW160330 (+5.36%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-20.27%) ,UOB MB eCW160705 (-20.62%), KepCorp MBeCW161101 (unchanged)

STOCK RECOMMENDATION :

  • BUY CAPITAMALL TRUST ABOVE 1.960 TARGET 1.990 2.040 SL 1.920

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

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