Daily Archives: February 11, 2016

11Feb
SGX

SGX : Singapore shares open lower on Thursday

Singapore Exchange :

  • Singapore shares open 1% lower on Thursday
  • SINGAPORE stocks opened one per cent lower on Thursday, with the Straits Times Index dropping 26.16 points to 2,555.94 as at 9am.
  • The blue-chip index was dragged down further after US Federal Reserve chair Janet Yellen told Congress she does not expect the central bank to reverse course on its interest rate-hike plans but signalled that there were risks of delays.
  • About 25 million shares worth S$49.5 million changed hands, which worked out to an average price of S$1.98 per share.

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

11Feb

Comex Trading Signals and Market News – 11 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures edged lower in Europe trade on Wednesday, as investors looked ahead to testimony from Federal Reserve Chair Janet Yellen later in the day forfurther clarity on the pace of future interest rate hikes. Yellen is
    scheduled to testify on the economy before the House Financial Services Committee at 15:00GMT, or 10:00AM ET, Wednesday.
  • Natural Gas futures slid by more than 1 per cent in the domestic market on Tuesday as investors and speculators resorted to profit booking in the energy commodity at existing levels after prices surged by more than 4.5 percent in the previous session as forecasts for cold weather across parts of the US over the next two weeks bolstered the demand outlook for the heating fuel.
  • West Texas Intermediate oil futures rebounded from the prior session’s steep decline in Europe trade on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a slower pace than expected last week.The U.S. Energy Information Administration will release its weekly report on oil supplies at 15:30GMT, or 10:30AM ET, amid expectations for a gain of 3.6 million barrels.

ECONOMY NEWS :

  • British private sector employers plan to raise wages by 2.8 percent this year compared with 2.4 percent in 2015, a Bank of England survey showed on Wednesday, offering policymakers some assurance that wages will pick up in line with their forecasts.BoE Governor Mark Carney has said chunkier wage rises are one likely precondition for increasing interest rates. Growth in Britons’ average earnings reached 3 percent in mid-2015 but slowed later in the year.
  • German companies feel business conditions have never been better and see exports improving after a weak spell, the DIHK Chambers of Commerce said on Wednesday, though it sounded a note of caution about the banking sector.The body’s optimistic note came in the face of weak industrial output and export data released on Tuesday that suggested Europe’s largest economy lost momentum at the end of last year and may struggle this year.
  • Australian Trade Minister Andrew Robb, who led free trade agreements with Japan, South Korea and China, said on Wednesday he will resign amid growing expectations of a major cabinet reshuffle by Prime Minister Malcolm Turnbull. Turnbull, who has indicated he will make big changes within his cabinet before facing his first general election, called Robb Australia’s most successful trade minister, raising questions about why he had decided to call it a day.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1187 TARGET 1192 1197 SL 1181
  • SELL GOLD BELOW 1181 TAGRET 1176 1170 SL 1187

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

11Feb
forex-market-hours

IForex Market Trading Signals and News – 11 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar edges higher vs. rivals before Yellen remarks
  • Forex -Aussie rises, kiwi little changed with Yellen speech on tap
  • Forex -Pound pushes higher, gains capped after U.K. data

EUR/USD
The EUR bears retain control and fade any recovery attempt made by EUR/USD in the mid-European session, now pushing the prices below the mid-point of 1.12 handle.Currently, EUR/USD trades -0.42% lower at fresh session lows of 1.1244, shedding nearly 60 pips so far this Wednesday. The offered tone around the EUR/USD pair keeps growing bigger, as the European stocks-recovery picks-up pace backed by a solid rebound in the banking sector stocks. The demand for the safe-haven/ low yielding currency euro appears to dissipate as markets look for more returns on their investments from higher-yielding assets such as equities against the back-drop of improved risk sentiment.Moreover, markets continue to unwind USD shorts after two back-to back sessions of losses, ahead of Yellen’s testimony due later in the day.

GBP/USD
The pound pushed higher against the dollar on Wednesday as overall market sentiment improved, but gains were held in check after data showing that U.K. industrial output fell by the most since September 2012 in December. GBP/USD was up 0.22% to 1.4503 from around 1.4461 ahead of the data. The Office for National Statistics said industrial output fell 1.1% in December after a 0.8% drop in November. Economists had forecast a more modest 0.1% decline. The large fall was due in large part to a 4.6% decline in oil and gas extraction and a 4% drop in mining. Manufacturing output fell 0.2% after dropping 0.3% in December. Economists had expected manufacturing output to edge up 0.1%.On a year-over-year basis manufacturing output was down 1.7%. The data added to fears that the U.K. economy lost momentum at the end of 2015. But the pound shrugged off the data as gains in European stock markets bolstered risk appetite.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4516 TARGET 1.4521 1.4527 SL 1.4510
  • SELL GBP/USD BELOW 1.4446 TARGET 1.4441 1.4435 SL 1.4452

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

11Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 11 February 2016

MARKET UPDATES :

  • 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 JMH USD, with a 0.60% advance.
  • The FTSE ST Mid Cap Index declined 1.29%, while the FTSE ST Small Cap Index declined 1.16%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which declined 0.53%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 0.60% higher and 1.47% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 2.62%. Raffles Medical Group shares declined 2.40%and Biosensors International Group declined 1.89%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+2.70%), STI ETF (-1.52%), DBXT MSCI Korea ETF 10 (-1.82%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-0.96%), Ascendas REIT (-2.51%), Capitacom Trust (-0.74%)
  • The most active index warrants by value today were : STI 2650MBePW160429 (+7.50%), HSI17600MBePW160330 (+18.28%), HSI18400MBePW160330 (+32.77%)
  • The most active stock warrants by value today were : NKY 16000MBeCW160311 (unchanged), NKY 18000MBeCW160610 (-34.15%), NKY 17500MBeCW160311 (-59.26%)

STOCK RECOMMENDATION :

  • BUY GMG GLOBAL ABOVE 0.390 TARGET 0.420 0.450 SL 0.350

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

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