Daily Archives: February 23, 2016


Oil price dips in early Asian trade Tuesday


  • Oil prices dipped slightly in early trading on Tuesday after posting strong gains the previous session on the back of an expected drop in U.S. production, but which analysts expect to be countered by rising output from Iran.
  • U.S. front-month West Texas Intermediate (WTI) crude futures, were trading at $33.10 per barrel at 0118 GMT (8.18 p.m. ET), down 29 cents from their last settlement. International benchmark Brent  as down 21 cents at $34.48 a barrel.
  • Tuesday’s dips came after strong gains in the previous session on the back of an expected fall in U.S. oil production this year.
  • Production of shale oil is expected to drop by 600,000 barrels per day (bpd) this year and a further 200,000 bpd in 2017, according to the International Energy Agency (IEA).
  • Yet analysts said that the gains were part-reversed by the prospect that rising Iranian production following the end of international sanctions, which will prolong oversupply. Currently 1-2 million of barrels of crude is produced every day in excess of demand.
  • “Crude supply growth from Iran will more than compensate for any decline in U.S. output,” ANZ said.

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Comex Trading Signals and Market News – 23 February 2016


  • Gold futures were down sharply in Europe trade on Monday, as the metal’s safe-haven appeal was dented amid a recovery in oil prices and global equity markets.Gold for April delivery on the Comex division of the New York Mercantile Exchange tumbled by as much as $24.90, or 2.02%, to hit an intraday low of $1,205.90, before recovering slightly to $1,209.10 by 09:10GMT, or 4:10AM ET, down $21.70, or 1.76%.
  • Oil prices rose on Monday as a fall in U.S. oil drilling rig numbers lifted the prospect of lower crude production and a bounce in stock markets encouraged buying sentiment.U.S. crude futures (CLc1) rose above $30 a barrel, gaining 95 cents to $30.59 a barrel by 0956 GMT, or 3.2 percent. International benchmark Brent (LCOc1) was up 89 cents at $33.90 a barrel.
  • Natural Gas futures tumbled by over 3 per cent in the domestic market on Friday as investors and speculators exited positions in the energy commodity amidst a weak trend in the overseas market as forecasts calling for less cooler weather in the US Northeast over the next two weeks threatened to curb the demand outlook for the heating fuel in the world’s biggest gas consuming nation.


  • A collapse of Europe’s Schengen passport-free travel zone could cost the European Union up to 1.4 trillion euros over the next decade, a study by Germany’s Bertelsmann Foundation showed on Monday. The study estimated that under a worst case scenario, in which the reintroduction of controls at EU borders pushed import prices up three percent, the costs to the bloc’s largest economy Germany could be as much as 235 billion euros between 2016 and 2025, and those to France up to 244 billion.
  • Australian Prime Minister Malcolm Turnbull introduced a bill on electoral reform on Monday, signalling a potential dissolution of parliament and an early election to break political deadlock.Independent and minor party senators elected at the last election in 2013 have continuously stalled key aspects of the government’s agenda, including changes that would make higher education and health care more expensive and limit access to welfare.
  • China has almost doubled its weapons exports in the past five years, a military think tank said on Monday, as the world’s third-largest weapons exporter pours capital into developing an advanced arms manufacturing industry. In 2011 to 2015, China’s arms imports fell 25 percent compared with the previous five year period, signaling a growing confidence in the country’s homegrown weaponry despite key areas of weakness, the Stockholm International Peace Research Institute (SIPRI) said in a report on global arms transfers.


  • BUY GOLD ABOVE 1216 TARGET 1221 1227 SL 1210
  • SELL GOLD BELOW 1205 TAGRET 1200 1194 SL 1211

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IForex Market Trading Signals and News – 23 February 2016


  • Forex – Aussie and kiwi gain ground, but gains capped
  • Forex – Dollar rises to 2-week highs vs. other majors
  • Forex – Sterling hit by ‘Brexit’ worries, others major currencies calm

The euro to the lowest level in three weeks against the dollar on Monday after data showing that euro zone private sector activity slowed in February underlined expectations for more easing by the European Central Bank.EUR/USD hit lows of 1.1056, the lowest level since February 3 and was last at 1.1065, down 0.6% for the day. The Markit euro zone composite purchasing managers’ index, which measures both the manufacturing and service sectors, dropped to a 13-month low of 52.7 in February from January’s 53.6.Economists had forecast a reading of 53.3.Manufacturing output showed the smallest increase since December 2014, moving closer to stagnation amid a further faltering in growth of new orders and exports.

The pound fell to three week lows against the dollar on Monday and weakened against the euro after London Mayor Boris Johnson’s shock decision to back a campaign for Britain to exit the European Union. GBP/USD hit lows of 1.4176, the lowest since January 29 and was last at 1.4203, off 1.4% for the day.British Prime Minister David Cameron reached a deal with EU leaders on Friday giving Britain a special status in the bloc, which paved the way for him to call a referendum on EU membership on June 23.But on Sunday London’s Mayor Boris Johnson said he would be supporting the campaign to leave, arguing it is a chance “to vote for real change”.


  • BUY GBP/USD ABOVE 1.4220 TARGET 1.4240 1.4270 SL 1.4190
  • SELL GBP/USD BELOW 1.4170 TARGET 1.4150 1.4120 SL 1.4200

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SGX : opening market update

Singapore :

  • Singapore‬ shares open higher on Tuesday amid Asian gains.
  • SINGAPORE’S benchmark Straits Times Index opened on Tuesday at 2,684.80 points, up 23.75 points or 0.89 percent from Monday’s close, as Asian stocks continued their recovery from January’s plunge.
  • In Singapore, 93.5 million shares worth S$165.8 million changed hands by 9.02am. Gainers outnumbered losers 106 to 27.
  • Top stocks by value traded included ‪#‎DBS‬, ‪#‎NOL‬, ‪#‎Global‬ Logistic Properties, ‪#‎Singtel‬ and ‪#‎CapitaLand‬.

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


Financial Sgx Singapore Stock Market Trading Picks And News – 23 February 2016


  • The Straits Times Index (STI) ended 3.78 points or 0.14% higher to 2660.65, taking the year-to-date performance to -7.70%.
  • The top active stocks today were DBS, which declined 0.44%, OCBC Bank, which declined 0.38%, SingTel, which declined 0.27%, Global Logistic, which gained 2.33% and UOB, with a 0.58% fall.
  • The FTSE ST Mid Cap Index gained 0.58%, while the FTSE ST Small Cap Index rose 40.36%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 50.47%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 2.43% lower and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.35%. SingTel shares declined 0.27% and StarHub declined 1.45%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Nikko Am Singapore Sti ETF (+0.37%), SPDR Gold Shares (-1.10%), STI ETF (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-0.47%), Suntec REIT (-2.11%), Capitacom Trust (+0.72%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (+3.70%), HSI18400MBePW160330 (-16.35%), HSI20600MBeCW160330 (+5.17%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (-2.69%), KepCorp MBeCW161212 (-7.37%), OCBC Bk MBeCW161004 (unchanged)


  • BUY SPACKMAN ABOVE 0.125 TARGET 0.130 0.140 SL 0.118

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