Daily Archives: February 26, 2016

26Feb
sgx2

SGX : Opening market update

Singapore Exchange :

  • Singapore shares open higher on Friday before G-20 meeting.
  • SINGAPORE’S benchmark Straits Times Index on Friday opened at 2,625.13 points, up 21.73 points or 0.83 per cent, as sentiment stabilised before the G-20 Finance Ministers and Central Bank Governors Meeting in Shanghai.
  • Some 75 million shares worth S$90.6 million changed hands as of 9.04am. Gainers outnumbered losers 102 to 37.

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

26Feb

Comex Trading Signals and Market News – 26 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Thursday after U.S. inventory data showing stockpiles at another record high last week.U.S. crude stockpiles rose 3.5 million barrels to reach an all-time high above 507 million barrels.Oil prices have fallen almost 70% since June 2014 with global production outstripping demand.
  • Natural Gas futures extended a slump during noon trade in the domestic market on Thursday as investors and speculators remained jittery ahead of the weekly US storage data which may show a below average drop in US gas supplies signaling weak demand for the heating fuel in the world’s biggest gas consuming nation.US gas supplies probably fell by 125 billion cubic feet in the week ended February 19 2016 compared to 158 billion cubic feet in the prior week 220 billion cubic feet in the same week a year ago and a five-year average draw of around 137 billion cubic feet.
  • Gold futures struggled for direction in Europe trade on Thursday, swinging between small gains and losses as investors continued to monitor movements in oil and global equity markets.Gold for April delivery on the Comex division of the New York Mercantile Exchange dipped $1.60, or 0.13%, to trade at $1,237.50 a troy ounce by 09:50GMT, or 4:50AM ET.’

ECONOMY NEWS :

  • Interbank money market rates in China rose noticeably Thursday as small banks rushed to borrow money to meet liquidity demand from a hike in their required reserve ratio with the People’s Bank of China.Last week, the PBOC said that under its dynamic RRR system, banks would see on Thursday what is now a standard yearly adjustment to “normal” levels.
  • Prices for mansions in Houston’s swankiest neighbourhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in the oil bust. A fancy restaurant offers cut-price dinners.Twenty months into the worst oil price crash since the 1980s, well-heeled residents of the world’s oil capital are among the hardest hit largely because tanking energy firm shares make up much of oil and gas executives’ compensation.
  • A key measure of the market’s longer-term euro zone inflation expectations fell to a record low on Thursday in response to this week’s drop in oil prices.The five-year, five-year euro zone breakeven forward , which is closely watched by the European Central Bank and measures where markets expect inflation forecasts for 2026 to be at the start of 2021, hit a record low below 1.40 percent.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TARGET 12601290 SL 1210
  • SELL GOLD BELOW 1227 TAGRET 1207 1177 SL 1157

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

26Feb
forex-market-hours

IForex Market Trading Signals and News – 26 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar little changed as oil, Brexit worries dominate
  • Forex – Sterling near 7-year lows, yen holds steady
  • Forex – Aussie slips lower, kiwi holds steady in late trade

EUR/USD
The shared currency stayed put after EMU’s CPI today, with EUR/USD clinging to its daily gains around 1.1015/10 band.The pair has faded the overnight spike to daily peaks near 1.1040, giving away gains towards the 1.1000 handle as sentiment remains slightly biased towards the risk appetite. Collaborating with the upbeat sentiment, European equity markets are extending their gains after a positive open.Spot has practically ignored the final inflation figures in the euro area, with headline CPI rising 0.3% on a year to January and Core CPI up 1.0% YoY.The pair is now up 0.02% at 1.1010 with the next hurdle at 1.1048 (200-day sma) followed by 1.1112 (20-day sma) and finally 1.1220 (23.6% Fibo of December up-move). On the other hand, a break below 1.0974 (55-day sma) would expose 1.0955 (low Feb.24) and finally 1.0867 (76.4% Fibo of December up-move).

GBP/USD
The pound was trading close to seven-year lows against the dollar on Thursday as worries over a possible British exit from the European Union weighed, while the yen remained steady despite fresh falls in oil prices. GBP/USD was last at 1.3939 after falling 3.2% so far this week amid uncertainty over the outcome of the looming referendum on Britain’s EU membership. The pair it lows of 1.3877 on Wednesday, the weakest level since March 2009.Several senior members of Prime Minister David Cameron’s Conservative party, including London Mayor Boris Johnson, have said they will be backing the campaign to leave the EU, in a blow to his plans to remain in the bloc.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 97.58.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3940 TARGET 1.3960 1.3990 SL 1.3910
  • SELL GBP/USD BELOW 1.3880 TARGET 1.3860 1.3830 SL 1.3910

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

26Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.56 points or 0.63% lower to 2603.4, taking the year-to-date performance to -9.69%.
  • The top active stocks today were DBS, which declined 0.37%, UOB, which declined 1.18%, JMH USD, which declined 2.17%, SingTel, which gained closed unchanged and OCBC Bank, with a 2.24% fall.
  • The FTSE ST Mid Cap Index declined 0.42%, while the FTSE ST Small Cap Index declined 0.04%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.11%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 3.54% higher and 4.76% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 2.48%. Midas Holdings shares declined 3.77% and Geo Energy Resources declined 0.83%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.76%),SPDR Gold Shares (+1.09%),IS MSCI India 100 (-0.51%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+2.43%),Ascendas REIT (+0.43%),Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (-21.18%),HSI18400MBePW160330 (+11.43%),HSI18000MBePW160428 (+11.86%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (-2.29%),UOB MB eCW160711 (-9.63%),KepCorp MBeCW161212 (-5.13%)

STOCK RECOMMENDATION :

  • BUY YUUZOO ABOVE 0.170 TARGET 0.175 0.185 SL 0.162

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

 

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