Daily Archives: February 5, 2016

5Feb
SGX

SGX : Share prices opened higher

SINGAPORE EXCHANGE :

  • Share prices opened 0.6 per cent higher on Friday.
  • The Straits Times Index (STI) up 15.42 points to 2,573.91 at 9.01am.
  • On Wall Street, stocks finished modestly higher on Thursday despite another drop in oil prices ahead of Friday’s eagerly anticipated US jobs report for January.
  • The Dow Jones Industrial Average gained 79.92 points (0.49 per cent) at 16,416.58. The broad-based S&P 500 added 2.92 points (0.15 per cent) at 1,915.45, while the tech-rich Nasdaq Composite Index climbed 5.32 points (0.12 per cent) to 4,509.56.

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

5Feb

Comex Trading Signals and Market News – 05 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices stabilized in Europe trade on Thursday, one day after rallying 8% on the back of a broadly weaker U.S. dollar and amid ongoing rumors about a potential deal between Russia and OPEC to cut a global supply glut.On the ICE Futures Exchange in London, Brent oil for April delivery shed 14 cents, or 0.4%, to trade at $34.90 a barrel by 09:00GMT, or 4:00AM ET.
  • Natural Gas futures tumbled by more than 1.5 per cent during noon trade in the domestic market on Thursday as investors and speculators resorted to a cautious stance ahead of weekly US storage numbers which may show that US gas supplies fell by 159 billion cubic feet last week compared to a five-year average withdrawal of 165 billion cubic feet.
  • Copper futures advanced during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid hopes that fresh cash injection by the People’s Bank of China may spur lending and help bolster an economic recovery in the world’s biggest metals consumer lifting the demand outlook for Copper.

ECONOMY NEWS :

  • A top Federal Reserve official said on Thursday he backs tougher stress tests for “too big to fail” banks including higher capital requirements that would make them “even more binding.”The United States adopted both stress tests and capital surcharges for banks in the wake of the 2007-2009 financial crisis, when U.S. investment bank Lehman Brothers collapsed and set off a deep global recession.
  • Euro zone economic growth will slightly accelerate this year and next, the European Commission estimated on Thursday, but the pace will be slower in 2016 than previously forecast because of increased global risks. The gross domestic product (GDP) of the 19-country single currency bloc is expected to expand by 1.7 percent this year from 1.6 percent in 2015. The recovery will gain speed in 2017 with economic expansion of 1.9 percent, the EU executive said in its winter economic forecasts.
  • Just days before the Bank of Japan stunned financial markets with its radical adoption of negative interest rates, members of the central bank’s own policy board had also been taken by surprise by the move. Most of the nine board members were only told of the scheme in the week leading up to Friday’s rate review, according to interviews with more than a dozen officials familiar with the deliberations.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1147 TARGET 1152 1157 SL 1141
  • SELL GOLD BELOW 1140 TAREGT 1135 1129 SL 1146

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

5Feb
forex-trading3

IForex Market Trading Signals and News – 05 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Australian, New Zealand dollars steady near 1-month highs
  • Forex -Dollar on defensive after broad decline on rate hike doubts
  • Forex – No traction for dollar after Fed rates collapse

EUR/USD
EUR/USD is trading above the 1.11 line in Thursday’s European session, following sharp gains a day earlier. On the release front, there are no major Eurozone events. ECB President Mario Draghi will deliver remarks at an event in Frankfurt. In the US, today’s key event is Unemployment Claims, with the indicator expected to remain steady at 279 thousand.The shared currency picked-up significant strength versus its American counterpart in the last hours, with EUR/USD now hovering near multi-month highs above 1.1150.Currently, EUR/USD trades 0.44% higher at 1.1153, having printed fresh four-month highs at 1.1162 last minutes. The latest upsurge seen in the EUR/USD pair was triggered by ECB’s Chief Draghi’s pledge to fight inflation, as he spoke at the Deutsche Bundesbank’s Marjolin Lecture, in Frankfurt. Further, the EUR/USD pair completely ignored the risk-on rally in the European stocks and strengthened further as the US dollar halted its correction and resumed its broad based sell-off ahead of the US data releases, including the jobless claims and factory orders, which are likely to disappoint markets.

GBP/USD
The broad based USD sell-off seen in the NY session ran out of steam in Asia, opening doors for a drop in the GBP/USD below 1.46 levels.UK side of the story is likely to have a major say in determining the exchange rate as we move closer to the Super Thursday events- BOE rate decision, Minutes, Quarterly Inflation Report (QIR). Markets are expecting the central bank to maintain its dovish stance. Later in the day, US weekly jobless claims are due for release. Apart from the data, the broader market sentiment and the resulting impact on the USD could influence the pair. The spot currently trades around 1.4570. The immediate resistance is seen at 1.46, ahead of the major hurdle at 1.4649 (previous day’s high), which if taken out shall open doors for a rally to 1.4712 (50-DMA). On the other hand, a break below a strong support zone of 1.4519-1.4515 (38.2% of 1.5230-1.4079 + 23.6% of 1.4079-1.4649) would open doors for a slide to 1.4431 (38.2% of 1.4079-1.4649).

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4650 TARGET 1.4670 1.4700 SL 1.4620
  • SELL GBP/USD BELOW 1.4610 TARGET 1.4580 1.4550 SL 1.4640

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

5Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 05 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 7.75 points or 0.3% higher to 2558.49, taking the year-to-date performance to -11.25%.
  • The top active stocks today were DBS, which gained 0.75%, SingTel, which declined 0.86%, Global Logistic, which gained 0.62%, Keppel Corp, which gained 0.83% and OCBC Bank, with a 0.80% advance.
  • The FTSE ST Mid Cap Index gained 0.93%, while the FTSE ST Small Cap Index rose 0.03%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 3.04%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 4.43% higher and 3.57% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 1.24%. Jardine Matheson Holdings shares declined 1.32%and Jardine Strategic Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.70%), STI ETF (-0.39%), IS MSCI India 100 (+0.64%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.43%), Capitamall Trust (+1.00%), Capitacom Trust (+0.38%)
  • The most active index warrants by value today were : HSI20000MBeCW160226 (+14.58%), HSI19800MBeCW160330 (+6.11%), HSI18400MBePW160330 (-11.61%)
  • The most active stock warrants by value today were : KepCorp MBeCW161101 (unchanged), DBS MB eCW161004 (+3.70%), UOB MB eCW160705 (-2.63%).

STOCK RECOMMENDATION :

  • BUY MAPLETREE COM TR ABOVE 1.350 TARGET 1.380 1.420 SL 1.315

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

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