Daily Archives: February 18, 2016

18Feb
sgx-asx

SGX : Market opening update

SGX :

  • Singapore shares continue rally with 1.38% opening gain on Thursday.
  • SINGAPORE stocks continued to rally as the market opened on Thursday, with the Straits Times Index gaining 1.38 per cent or 36.07 points to 2,649.86 as at 9.02am.
  • Gainers outnumbered losers 107 to 27, or about four up for every one down, with 55.2 million shares worth S$93.9 million traded.
  • Oil and gas-related names were among the early movers, with exploration company Rex International rising 4.1 per cent or 0.3 Singapore cent to 7.7 Singapore cents. Offshore and marine company Vallianz Holdings rose 5.1 per cent or 0.2 Singapore cent to 4.1 Singapore cents.

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

18Feb

Comex Trading Signals and Market News – 18 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures edged lower in Europe trade on Wednesday, but held above the $1,200-level as market players looked ahead to minutes of the Federal Reserve’s January policy meeting for fresh indications on whether the U.S. central bank will raise interest rates at all this year.Gold for April delivery on the Comex division of the New York Mercantile Exchange shed $2.90, or 0.24%, to trade at $1,205.30 by 08:55GMT, or 3:55AM ET.
  • Oil prices extended losses from the prior session in Europe trade on Wednesday, as OPEC members travel to Tehran in an attempt to convince Iran to join an oil production freeze deal.Venezuelan Oil Minister Eulogio Del Pino and Iraqi Oil Minister Adel Abdel Mahdi were to travel to Tehran for talks with their Iranian counterpart Bijan Zanganeh scheduled for 10:30GMT, or 5:30AM ET, in a bid to reach a deal to restrain output and prop up sagging prices.
  • Natural Gas futures were trading higher during noon trade in the domestic market on Wednesday as traders took advantage of cheaper valuations amidst the recent drop in prices of the energy commodity.The fuel has been hit by worries that warmer weather across the US in the coming weeks may curb the demand for the heating fuel in the world’s biggest gas consuming nation.

ECONOMY NEWS :

  • Chinese policymakers emerged from the Lunar New Year hiatus with one collective message for nervous investors at home and abroad – Beijing will put a floor under the slowing economy, keep its currency steady and ensure employment remains stable even as bloated industries undergo restructuring.The string of assurances comes ahead of two high-profile political events for China: a meeting of G20 finance chiefs in Shanghai later this month and next month’s annual gathering of China’s legislature – where the next five-year economic development plan will be finalised.
  • India’s top court has asked the central bank to provide the names of corporate loan defaulters with outstanding debt of at least 5 billion rupees ($73.11 million), as well as details of restructured assets.The Reserve Bank of India would need to provide the information within two months, though it could keep details under “sealed cover”, a directive from the Supreme Court said.
  • Financial markets that predicted eight of the last six recessions may be yet be wrong again, but market stress itself is now part of the calculus and leaves the world more open to left-field shocks.Given the violence of this year’s slump in equities, where more than $8 trillion has been wiped off global stock market values, it is remarkable how few economists still see recession as the most likely outcome.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1205 TARGET 1210 1216 SL 1199
  • SELL GOLD BELOW 1098 TAGRET 1093 1087 SL 1104

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

18Feb
forex-trading3

IForex Market Trading Signals and News – 18 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie and kiwi lose ground vs. greenback in late trade
  • Forex – Sterling dips as U.K. wage growth slows
  • Forex – Dollar holds steady ahead of U.S. data, Fed minutes

EUR/USD
The shared currency has recovered the smile so far on Wednesday, pushing EUR/USD to test fresh daily tops near 1.1170. The pair is posting gains for the first time since Friday, finding quite decent support around the 1.1100 neighbourhood in a context where risk aversion and risk appetite keeps alternating the dominance. Absent releases in Euroland, traders’ attention will shift to the US docket, where Housing Starts, Building Permits, Producer Prices, Industrial Production and Capacity Utilization are all due later ahead of the more relevant FOMC minutes.The pair is now advancing 0.18% at 1.1163 facing the next hurdle at 1.1220 (23.6% Fibo of December up-move) followed by 1.1378 (high Feb.11) and then 1.1460. On the flip side, a breakdown of 1.1059 (200-day sma) would target 1.0965 (61.8% Fibo of December up-move) and finally 1.0709 (YTD low Jan.5).

GBP/USD
The pound edged lower against the dollar on Wednesday after the latest U.K. jobs report showed that wage growth slowed in the last three months of 2015, underlining expectations that interest rates will remain on hold for longer. GBP/USD slid from around 1.4289 ahead of the data to an intra-day low of 1.4265. The Office for National Statistics said the unemployment rate remained unchanged at 5.1% in the three months to December,matching the three months to November which was the lowest since mid-2005.Economists had expected the jobless rate to tick down to 5.0%. Annual wage growth, including bonuses, rose 1.9% in the three months to December, matching forecasts, but slowing from 2.1% in the three months to November. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last at 96.93.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4340 TARGET 1.4360 1.4390 SL 1.4310
  • SELL GBP/USD BELOW 1.4270 TARGET 1.4250 1.4220 SL 1.4300

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

18Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 30.79 points or 1.16% lower to 2613.79, taking the year-to-date performance to -9.33%.
  • The top active stocks today were UOB, which declined 3.43%, SingTel, which declined 2.90%, DBS, which declined 0.59%, OCBC Bank, which gained 0.13% and Keppel Corp, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.35%, while the FTSE ST Small Cap Index declined 0.42%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 0.23%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended unchanged and 1.19% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 3.08%. SingTel shares declined 2.90% and StarHub declined 6.32%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-1.50%), DBXT MSCI China TRN ETF 10 (-0.38%), IS MSCI India 100 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.68%), Capitamall Trust (-0.48%), Mapletree Gcc Tr (+0.60%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (-13.59%), HSI18400MBePW160330 (+5.69%), HSI19600MBePW160226 (+12.68%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (-4.58%), UOB MB eCW160705 (-23.96%), KepCorp MBeCW161212 (unchanged).

STOCK RECOMMENDATION :

  • BUY SEMBCORP MARINE ABOVE 1.620 TARGET 1.650 1.700 SL 1.570

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

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