Daily Archives: February 15, 2016

15Feb
sgx-asx

SGX Market closing update of 15 feb’2016

Singapore Exchange :

  • The Straits Times Index (‪#‎STI‬) ended 67.95 points or 2.68% higher to 2607.9, taking the year-to-date performance to -9.53%.
  • The top active stocks today were ‪#‎SingTel‬, which gained 4.47%, ‪#‎DBS‬, which gained 3.00%, ‪#‎JMH‬ USD, which gained 2.39%, ‪#‎OCBC‬ Bank, which gained 2.41% and ‪#‎UOB‬, with a 1.65% advance.
  • The FTSE ST Mid Cap Index gained 1.56%, while the FTSE ST Small Cap Index rose 0.29%.

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

15Feb

Comex Trading Signals and Market News – 15 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices gained further in Asia on Friday spurred by what appear to be a renewed effort by major producers to coordinate a cut in global output.On the New York Mercantile Exchange, WTI crude for March delivery soared 5.59% to $27.67 a barrel. Brent rose 5.56% to $31.73 a barrel.Minutes after the U.S. close, Dow Jones reported that OPEC members are preparing to cooperate on potential production cuts according to UAE’s energy minister.
  • Copper futures rallied smartly during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in physical demand for copper in the domestic spot market. Further upbeat Euro area Q4 GDP data signaled a resilient recovery in the 19-member economy lifting the demand outlook for the industrial metal.
  • Natural Gas futures plunged by more than 1 per cent in the domestic market on Thursday as investors and speculators exited positions in the energy commodity as a smaller than expected US storage withdrawal last week signaled weak demand for the heating fuel in the world’s biggest gas consuming nation.The EIA said that US gas supplies fell 70 billion cubic feet to 2.864 trillion cubic feet in the week ended February 5 compared to expectations of an 82 billion cubic feet drop.

ECONOMY NEWS :

  • The Federal Reserve’s carefully scripted decision to raise interest rates last December, and begin a return to “normal” policy, may now become a nightmare for the U.S. central bank if an economic downturn forces a return to unconventional methods. Fed chair Janet Yellen told lawmakers this week she was studying ways to “be prepared” in the event the current slide in world stock markets, concern about financial sector stress, and slowing economic growth all translate into a recession or another financial crisis.
  • Greek police fired tear gas to disperse farmers protesting against pension reforms who threw stones at the Agriculture Ministry building in central Athens on Friday, ahead of a major demonstration expected later in the day.Farmers from all over Greece were heading to the capital to demonstrate their fury at the government’s plans to raise pension contributions and taxes.About 800 farmers from Crete, Greece’s biggest island, scuffled with police guarding the entrance to the ministry, throwing stones and breaking windows.
  • Australia and New Zealand Banking Group ANZ.AX failed to see that some Asian nations would grow hostile to foreign banks after the 2008 financial crisis, which stymied its growth in the region, the bank’s chief executive said in a newspa per interview on Friday.ANZ, Australia’s fourth-largest bank, is the only one of the big four to have made a big push into Asia, with its previous chief executive, Mike Smith, having set a target to derive 25-30 percent of the group’s 2017 earnings from offshore.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TARGET 1245 1251 SL 1234
  • SELL GOLD BELOW 1235 TAGRET 1230 1224 SL 1241

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

15Feb
Forex Signals

IForex Market Trading Signals and News – 15 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar hovers near 4-month lows, eyes on data
  • Forex -Yen on track for strongest week since late 2008
  • Forex -Dollar strengthens vs. rivals ahead of U.S. data

EUR/USD
EUR/USD fell modestly on Friday, retreating from three-month highs reached in the prior session, as currency traders continued to assess the risks associated with negative interest rate policies one day after Sweden’s Central Bank unexpectedly lowered their rates deeper below zero. The currency pair traded in a broad range between 1.1214 and 1.1333 before settling at 1.1255, down 0.0061 or 0.54% on the session. Despite the slight losses, EUR/USD has still closed higher in seven of the last 10 sessions and 11 of the last 15. After nearly slipping below 1.08 at the end of last month, the euro is up by nearly 4% against its American counterpart in February.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15. The U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, gained more than 0.45% to an intraday high of 96.25, before closing at 95.99. The index is still down more than 3.7% since the BOJ’s rate decision on January 29.

GBP/USD
The pound edged higher against the U.S. dollar on Friday, but gains were expected to be limited as investors remained cautious amid persistant global turmoil and ahead of the release of U.S. data later in the day. GBP/USD hit 1.4528 during European morning trade, the session high; the pair subsequently consolidated at 1.4511, adding 0.26%.Cable was likely to find support at 1.4381, Thursday’s low and resistance at 1.4579, the high of February 10.Investors remained cautious amid ongoing fears over the health of the global economy and the euro zone financial sector. Markets were also jittery as oil prices remained below $28 a barel on Friday, even after the United Arab Emirates energy minister said the OPEC was willing to talk with other exporters about cutting output. In the U.S., Federal Reserve Chair Janet Yellen reiterated to the Senate on Thursday comments made the previous day to Congress.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4525 TARGET 1.4545 1.4575 SL 1.4495
  • SELL GBP/USD BELOW 1.4500 TARGET 1.4480 1.4450 SL 1.4530

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

15Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 15 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 1.25 points or 0.05% higher to 2539.53, taking the year-to-date performance to -11.91%.
  • The top active stocks today were DBS, which declined 0.91%, SingTel, which gained 1.13%, JMH USD, which declined 1.39%, OCBC Bank, which gained 0.13% and UOB, with a 0.34% advance.
  • The FTSE ST Mid Cap Index declined 0.50%, while the FTSE ST Small Cap Index declined 0.31%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 1.75%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 2.11% higher and 1.70% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.84%. Keppel Infrastructure Trust shares declined 1.09% and SIIC Environment Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.81%), STI ETF (unchanged), DBXT MSCI China TRN ETF 10 (+0.20%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.73%), Capitamall Trust (-1.44%), Mapletree Gcc Tr (-2.99%)
  • The most active index warrants by value today were : HSI18400MBePW160330 (+0.55%), HSI17600MBePW160330 (-4.44%), HSI19800MBeCW160330 (-6.67%)
  • The most active stock warrants by value today were : NKY 16000MBeCW160311 (-42.50%), UOB MB eCW160705 (+8.24%), DBS MB eCW161004 (-4.84%)

STOCK RECOMMENDATION :

  • BUY GMG GLOBAL ABOVE 0.420 TARGET 0.445 0.475 SL 0.390

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

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