Daily Archives: February 10, 2016

10Feb
sgx2

Singapore : SGX Market closing update

SGX :

  • The Straits Times Index (‪#‎STI‬) ended 41.11 points or 1.57% lower to 2582.1, taking the year-to-date performance to -10.43%.
  • The top active stocks today were ‪#‎SingTel‬, which declined 1.08%, ‪#‎DBS‬, which declined 1.62%, ‪#‎Global‬ Logistic, which declined 2.98%, ‪#‎CapitaLand‬, which declined 3.01% and ‪#‎JMHUSD‬, with a 0.60% advance
  • The FTSE ST Mid Cap Index declined 1.29%, while the FTSE ST Small Cap Index declined 1.16%.

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

10Feb
sgx-asx

SGX : Singapore shares open 2.7% lower on Wednesday

SINGAPORE EXCHANGE :

  • The local market opened 2.7 per cent lower on Wednesday, with the Straits Times Index retreating 70.75 points to 2,552.46 as at 9am.
  • The blue-chip index tumbled after the yen surged to its highest level in more than a year against the US dollar on Tuesday, sparking a sharp 5.4 per cent plunge in the Nikkei 225.
  • Blue chips bore the brunt of the early sell-off in Singapore. About 39.1 million shares worth S$95.2 million had changed hands as at 9am, which worked out to an average unit price of S$2.43 per share.
  • The most actively traded counter was commodities trader Noble Group, which fell S$0.025 to S$0.305 with 8.9 million shares changing hands as at 10.02am. Other actives included Singapore Telecommunications and commodities firm Golden Agri-Resources.

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

10Feb

Comex Trading Signals and Market News – 10 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures slid during noon trade in the domestic market on Tuesday as a stellar rally in the previous session when prices surged by more than 4.5 per cent as forecasts for cold weather across parts of the US over the next two weeks bolstered the demand outlook for the heating fuel paved way for profit booking in the energy commodity by investors and speculators at existing levels.
  • Gold prices fell by 0.19 per cent on Tuesday on profit taking as investors looked ahead to the views on US interest rates this week.Investors await an appearance by Federal Reserve chair Janet Yellen before the House Financial Services Committee on Wednesday for further indications on the pace of tightening over the next several months.
  • Crude oil prices fell by 0.05 per cent on Tuesday after a meeting between oil ministers from Saudi Arabia and Venezuela over the weekend reportedly accomplished little headway toward reaching an agreement that could curtail near-record high production by OPEC.At the MCX crude oil futures for February 2016 contract were trading at Rs. 2049 per barrel down by 0.05 per cent after opening at Rs. 2057 against the previous closing price of Rs. 2048. It touched the intra-day low of Rs. 2045 till the trading.

ECONOMY NEWS :

  • U.S. President Barack Obama unveils his final White House budget on Tuesday with a blueprint for fiscal year 2017    that will lay out his spending proposals for priorities from fighting Islamic State to providing for the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled Congress.But it gives the Democratic president, who leaves office in January, a chance to make a last pitch for funding on issues such as education, criminal justice reform and job creation.
  • The Australian government said on Wednesday it wants to digitise A$42 billion ($30 billion) a year of health payments to keep up with “tap and go” technology, prompting critics to warn against any attempt to sell off the four-decade-old system by stealth.Health Minister Sussan Ley said in a statement that the government was “investigating ways to digitise its transaction technology for payments to a more consumer-friendly and faster format”.
  • Japanese Finance Minister Taro Aso warned on Tuesday against a recent rise in the yen, describing the moves as “rough”, a sign that policymakers are concerned the currency’s gains may offset the positive effects from “Abenomics” stimulus policy. Japan’s top currency diplomat Masatsugu Asakawa echoed the minister’s warning, saying that he would closely monitor market moves.Despite verbal warning shots, the dollar fell below 115 yen on Tuesday morning, a low not seen since November 2014.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1190TARGET 1195 1201 SL 1184
  • SELL GOLD BELOW 1163 TAGRET 1158 1152 SL 1169

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

10Feb

IForex Market Trading Signals and News – 10 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -NZD/USD moves lower in late trade
  • Forex -Dollar falls to more than 1-year low against yen
  • Forex -AUD/USD drops after tepid Australian data

EUR/USD
The shared currency has faded the overnight spike to daily highs near 1.1240 vs. the greenback, with EUR/USD now testing the lower end of the range in the 1.1170/60 band. The initial bull run to the 1.1240 area has been supported by a fresh wave of risk aversion following a slump of the Japanese equity markets. However, the risk appetite has managed to return to the global markets after European equities reverted the negative start, adding to the offered tone in EUR.On the data front, German Industrial Production has contracted at a monthly pace of 1.2% during December and the trade surplus shrunk to €18.8 billion during the same period, both prints missing expectations. The pair is now retreating 0.16% at 1.1172 and a breach of 1.1054 (200-day sma) would open the door to 1.0966 (20-day sma) and finally 1.0899 (55-day sma). On the flip side, the next up barrier lines up at 1.1246 (high Feb.5) ahead of 1.1496 (high Oct.15) and finally 1.1713 (post-PBoC high Aug.24).

GBP/USD
The pound was little changed against the dollar on Tuesday after data showing that the U.K. trade deficit widened in the final quarter of 2015, despite improving in December, and is likely to have acted as a drag on growth. GBP/USD was at 1.4444, from around 1.4431 ahead of the report. The Office for National Statistics said the total trade deficit widened to £10.3 billion in the fourth quarter from £8.5 billion pounds in the previous quarter, marking the biggest trade gap since the start of 2015. The annual trade deficit widened to £34.7 billion in 2015, up from £0.3 billion in 2014. Trade is likely to appear as a drag on economic growth when revised figures for fourth quarter gross domestic product are released, the ONS said.In December, the total U.K. trade deficit, including services, narrowed to £2.7 billion from £4.031 billion, helped by the value of oil imports falling to their lowest since February 2009 amid a steep drop in oil prices.Sterling was slightly higher against the euro, with EUR/GBP easing 0.14% to 0.7745.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4444 TARGET 1.4464 1.4494 SL 1.4414
  • SELL GBP/USD BELOW 1.4420 TARGET 1.4400 1.4470 SL 1.4390

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

10Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 10 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 64.72 points or 2.53% higher to 2623.21, taking the year-to-date performance to -9.00%.
  • The top active stocks today were SingTel, which gained 6.32%, DBS, which gained 1.72%, Global Logistic, which gained 3.07%, CapitaLand, which gained 1.36% and OCBC Bank, with a 1.85% advance.
  • The FTSE ST Mid Cap Index gained 1.64%, while the FTSE ST Small Cap Index rose 1.10%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 6.08%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 6.32% higher and 2.28% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.46%. Keppel Infrastructure Trust shares declined 2.17%and SIIC Environment Holdings declined 1.56%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.83%), STI ETF (+2.73%), IS MSCI India 100 (+1.28%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+3.47%), Ascendas REIT (+2.14%), Mapletree Gcc Tr (+0.59%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (+3.60%), HSI20000MBeCW160226 (+9.09%), HSI18400MBePW160330 (-13.14%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (+7.14%), UOB MB eCW160705 (+17.57%), KepCorp MBeCW161101 (+4.23%)

STOCK RECOMMENDATION :

  • BUY SMRT ABOVE 1.590 TARGET 1.630 1.660 SL 1.550

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

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