Daily Archives: February 25, 2016

25Feb
SGX

SGX : Market update for today

Singapore :

  • SINGAPORE’S benchmark Straits Times Index opened on Thursday at 2,641.78 points, up 21.82 points or 0.83 per cent, following a rebound in Brent oil prices.
  • Some 67.8 million shares worth S$151.7 million changed hands. Gainers outnumbered losers 114 to 24.
  • Top stocks by value traded were DBS, UOB, Jardine C&C, Jardine Matheson, and Keppel Corp.

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

25Feb

Comex Trading Signals and Market News – 25 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures extended a slide during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity after weather forecasts continued to point to warmer than average weather across parts of the US threatening to curb the demand for the heating fuel in the world’s biggest fuel consuming nation.
  • Silver futures were trading with slim losses during noon trade in the domestic market on Wednesday as investors and speculators shied away from booking fresh positions in the precious metal after a top US Federal Reserve official signaled that it was unclear whether the recent downturn in global financial markets may have a significant impact on the US economy raising speculation that the Fed’s course of tightening interest gradually may not be much affected dimming the lure for the precious metal as a store of value.
  • Gold futures pushed higher in Europe trade on Wednesday, as market players awaited comments from a barrage of Federal Reserve officials later in the session for further clues on the path of future rate hikes.Gold for April delivery on the Comex division of the New York Mercantile Exchange tacked on $4.60, or 0.38%, to trade at $1,227.20 a troy ounce by 09:15GMT, or 4:15AM ET.

ECONOMY NEWS :

  • Australia appointed its first agricultural advisor to its competition regulator on Wednesday as the country seeks to protect farmers who have long complained that profits are squeezed by the country’s dominant supermarkets and processors.Supporting farmers is seen as critical to Australia’s goal of becoming the “delicatessen of Asia” by capitalising on strong Asian demand for high -end produce that has seen the value of the country’s agricultural exports rise to about A$45 billion ($32 billion) last year.
  • Hong Kong rolled out a multi-billion dollar package of sweeteners to bolster its economy on Wednesday, as a slowdown in China and rising political tensions deepen its economic woes.In unusually blunt comments for a budget address, Financial Secretary John Tsang said “political volatility” was threatening to undermine the economy and warned disputes would intensify ahead of legislative elections this year, pitting the city’s democratic opposition against pro-Beijing and pro-establishment political parties. He said the conflicts must be resolved.
  • The “in” camp is ahead by a 12-point lead ahead of a referendum on whether Britain should stay in or withdraw from the European Union, but the gap has narrowed, according to the latest opinion poll.Support for staying in stood at 51 percent, while 39 percent wanted a so-called “Brexit” and 10 percent were undecided, according to the ComRes poll for the Daily Mail.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1230 TARGET 1235 1241 SL 1224
  • SELL GOLD BELOW 1122 TAGRET 1117 1111 SL 1128

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

25Feb

IForex Market Trading Signals and News – 25 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie, kiwi slip lower vs. greenback
  • Forex – Swiss franc hits 6-week highs against euro
  • Forex – Dollar index hits 3-week highs ahead of data, Fed speakers

EUR/USD
The selling mood is now dragging EUR/USD to fresh multi-day lows in the vicinity of 1.0970 and amidst a negative tone from European equity markets.The pair is trading in fresh 3-week troughs after quickly breaking below the psychological barrier at 1.1000 the figure today following an increasing bid tone in the greenback.Fanning the flames, crude oil prices are extending the drop, with the barrel of Brent navigating multi-day lows in the mid-$32.00s.Ahead in the day, US New Home Sales, the weekly report on inventories by the EIA and speeches by Fed’s Bullard and Kaplan (no voter) will take centre stage in the NA session.The pair is now losing 0.34% at 1.0981 facing the next support at 1.0972 (55-day sma) followed by 1.0965 (61.8% Fibo of December up-move) and finally 1.0709 (YTD low Jan.5). On the other hand, a break above 1.1108 (20-day sma) would open the door to 1.1123 (38.2% Fibo of December up-move) and then 1.1220

GBP/USD
The pound fell below $1.40 for the first time since March 2009 on Wednesday dragged lower by uncertainty over the outcome of the looming referendum on Britain’s European Union membership. GBP/USD hit lows of 1.3965, the weakest since mid-March 2009 and was last at 1.3985, off 0.24% for the day.The pound has come under heavy selling pressure amid fears over the impact on the economy if the outcome of the June 23 referendum leads to a “Brexit”.Sterling has now lost 2.9% this week after several senior members Prime Minister David Cameron’s Conservative party, including London Mayor Boris Johnson, said they were backing the campaign to leave the EU.The pound slid lower against the euro, with EUR/GBP edging up 0.13% to 0.7870, not far from the one year high of 0.7897 set on February 11.Elsewhere, the safe haven yen remained supported as fresh falls in oil prices pulled down equity markets, dampening investor demand for riskier assets.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3975 TARGET 1.3400 1.3430 SL 1.3945
  • SELL GBP/USD BELOW 1.3920 TARGET 1.3900 1.3870 SL 1.3950

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

25Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 52.11 points or 1.95% lower to 2619.96, taking the year-to-date performance to -9.12%.
  • The top active stocks today were DBS, which declined 2.12%, OUE Com Reit, which gained 3.88%, SingTel, which declined 2.15%, UOB, which declined 1.85% and JMH USD, with a 0.26% advance.
  • The FTSE ST Mid Cap Index declined 0.62%, while the FTSE ST Small Cap Index declined 0.68%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.75%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended 1.92% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.95%. Keppel Corp shares declined 4.18% and Sembcorp Industries declined 4.02%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.73%), STI ETF (-2.23%), DBXT MSCI China Trn ETF 10 (-1.47%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Oue Com REIT (+3.88%), Ascendas REIT (-2.91%), Capitamall Trust (-2.37%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (-20.56%), HSI18400MBePW160330 (+15.39%), HSI19200MBePW160330 (+19.85%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (-10.88%), UOB MB eCW160705 (-12.50%), KepCorp MB eCW161205 (-9.95%)

STOCK RECOMMENDATION :

  • BUY SPACKMAN ABOVE 0.135 TARGET 0.140 0.150 SL 0.126

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

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