Monthly Archives: March 2016

31Mar
sgx-asx

Global funds tiptoe into China’s ‘new economy’ firms

SINGAPORE:

  • Global funds are cautiously venturing back into Chinese equities after prices collapsed to 4-1/2-year lows in February, taking advantage of cheaper valuations to buy stocks they believe will benefit from China’s shift to a consumption-led economy.
  • Foreign investors are tentatively buying in sectors linked to the main themes of the 13th Five-Year Plan released earlier this month, including urbanisation, consumption, internet growth, green development and innovation.
  • The MSCI China index has gained 17% since Feb 12 and while foreign investors are still net sellers the scale of net selling has shrunk to US$272 million from March 1 to 25 versus an average of US$2.1 billion over the previous four months, according to EPFR Global data.
  • Most investors are focusing on specific “new economy” industries, which make up only a small proportion of the market, while avoiding those sectors linked to the “old economy”.

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

31Mar
SGX

China : Profits soar at China’s big three airlines

SHANGHAI :

  • China’s three biggest airlines reported soaring net profits in 2015 despite the country’s worst economic growth in a quarter of a century, as more Chinese travelled abroad.
  • Cheaper jet fuel helped the bottom line, but losses from foreign exchange hurt as China’s yuan currency slid against the dollar, they said.
  • “With the slowdown in world economic growth, and the ruggedness and hardship on the road of global recovery, China faced constant downward economic pressure,” China Southern Airlines said in a statement late on Wednesday.
  • But its net profit more than doubled last year to 3.74 billion yuan (US$575 million), it said. The figure fell just short of analysts’ expectations of 3.9 billion yuan, according to an average compiled by Blomberg News.
  • “The group seized the opportunity of decreasing fuel prices and increasing outbound tourism, which significantly improved the profit level,” said China Southern, which is Asia’s biggest airline by fleet size with 667 planes.
  • Flag carrier Air China said separately that its net profit surged 83% to 7.06 billion yuan.
  • “Although low fuel prices have helped to ease the pressure on operating costs, intensified industrial competition and substantial exchange rate fluctuations have posed severe challenges,” it said in a statement.
  • Last year, the Chinese government launched a shock devaluation of the yuan, guiding the normally stable unit nearly 5% lower, and slowing growth has maintained downward pressure on the currency.

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

31Mar

Comex Trading Signals and Market News – 31 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices were trading on a flat note on Wednesday in the midst of Fed Chair Janet Yellen’s signal of taking a cautious approach to raising US borrowing costs further dented the safe have appeal for the yellow metal. Yellen called for a slower pace of US interest rate tightening as she stressed that the rate of inflation in the US hasn’t yet proven to be sustainable in the wake of rising global risks that could slow growth in the American economy bolstering risk taking appetite.
  • Copper futures fell during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the industrial metal amid soft physical demand for copper in the domestic spot market. Further fears of weak demand from China the world’s biggest metals consumer after the country’s biggest cities including Shanghai and Shenzhen introduced property curbs weighed on the industrial metal.
  • Crude oil prices rose by 0.39 per cent on Wednesday buoyed by a forecast for a less than expected build in crude oil stockpiles last week. The EIA is due to release official crude inventory data later on Wednesday. US crude stocks rose last week by 2.6 million barrels to 534.4 million barrels data from industry group the American Petroleum Institute showed on Tuesday.

ECONOMY NEWS :

  • Chinese President Xi Jinping said on Wednesday his country’s economy was at a new normal and shifting to a slower pace of growth than in the past.”The world economy is in the current situation going through a time of deep modifications and the situation is complicated and unstable,” he told a Czech-Chinese business forum in Prague in comments broadcast through a Czech interpreter.
  • Japanese lending rates hit a record low in February, the first month in which the central bank’s negative interest rate policy was applied, offering signs of hope for the ailing economy but underscoring the hit to commercial banks’ profit margins.The average lending rate for the balance of loans made by domestic banks stood at 1.098 percent in February, extending a record low for a fourth straight month, data released by the Bank of Japan showed on Wednesday.
  • The Asian Development Bank slashed its economic growth forecast for developing Asia this year, citing global headwinds and a weaker outlook for China.Developing Asia will expand 5.7 percent this year and in 2017, the Manila-based lender said in its latest Asian Development Outlook released on Wednesday.In its December outlook report, the ADB had forecast 2016 growth for the region at 6.0 percent. region, which groups 45 countries in the Asia Pacific, grew 5.9 percent last year.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1244 TARGET 1249 1255 SL BELOW 1239
  • SELL GOLD BELOW 1234 TARGET 1229 1223 SL ABOVE 1239

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

31Mar
forex-market-hours

IForex Market Trading Signals and News – 31 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar drops on doubt U.S. rates will rise at all in 2016
  • Forex -Aussie, kiwi edge higher vs. greenback on Yellen remarks
  • Forex-Dollar broadly lower after Yellen strikes cautious tone

EUR/USD
EUR/USD trades dead flat at 1.1294, fighting hard to break through 1.1300 levels. The main currency pair is seen consolidating the upside in the Asian trades, having witnessed a 120-pips massive rally on Tuesday following the dovish comments from Fed Chair Yellen. The major jolted higher in the previous session and climbed to fresh weekly highs at 1.1303 as the US dollar was heavily offered after Yellen sounded concerned over the global economic developments and hence, turned cautious with regard to the monetary policy path. Markets now gear up for fresh macro data from Germany as well as the US, which are expected to have major impact on the EUR/USD pair. We have the German Prelim CPI figures and ADP employment report from the US on the cards this Wednesday.

GBP/USD
The Sterling rallied with London opening, up to 1.4450 against the greenback, from where the pair is currently retreating, towards the 1.4400 region. Once again, the UK calendar remained empty, with dollar ́s weakness being the main market driver. With stocks rallying across the world, there’s little room for dollar gains later today, albeit the release of the US ADP report may gave the greenback a short lived boost if it beats expectations. Crude oil stockpiles may also affect the Pound, as another surprise rise may send the currency lower. In the meantime, the 4 hours chart shows that the technical indicators are beginning to look exhausted towards the upside in overbought territory, suggesting the downward corrective move may extend, particularly on a break below 1.4360, the immediate support. Nevertheless, the dominant trend is still bullish, and the market will probably prefer to buy the dips. Only below 1.4330, the 61.8% retracement of the latest bearish run, the downside potential will increase, exposing then the 1.4250 static support.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4450 TARGET 1.4470 1.4500 SL BELOW 1.442
  • SELL GBP/USD BELOW 1.4368 TARGET 1.4348 1.4318 SL ABOVE 1.4398

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

31Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 31 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 53.7 points or 1.9% higher to 2872.78, taking the year-to-date performance to -0.35%.
  • The top active stocks today were DBS, which gained 2.04%, SingTel, which gained 1.58%, OCBC Bank, which gained 1.47%, UOB, which gained 2.97% and Global Logistic, with a 2.90% advance.
  • The FTSE ST Mid Cap Index gained 1.12%, while the FTSE ST Small Cap Index rose 0.91%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 3.10%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 3.29% higher and 3.36% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.13%. Midas Holdings shares remained unchanged and Geo Energy Resources gained 1.72%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.83%) ,IS MSCI India 100 (+0.91%), DBXT MSCI Indonesia ETF 10 (+2.72%)
  • The three most active Real Estate Investment Trusts (REITs) by value were: Ascendas REIT (-0.41%) , Capitamall Trust (unchanged), Capitacom Trust (+1.01%)
  • The most active index warrants by value today were : HSI21000MBeCW160428 (+36.11%), HSI19200MBePW160530 (-27.84%), HSI21400MBeCW160530 (+34.67%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+12.82%), KepCorp MBeCW161212 (+10.38%), DBS VT eCW160916 (+8.44%).

STOCK RECOMMENDATION :

  • BUY TECH OIL & GAS AT CMP 0.200 TARGET 0.210 0.220 SL 0.185

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

30Mar

Comex Trading Signals and Market News – 30 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices fell by 0.06 per cent on Tuesday in the midst of speculation the Federal Reserve could give serious consideration to a rate hike at its April meeting boosting the US dollar.Federal Reserve Bank of San Francisco President John Williams reiterated that rate hikes this year are expected if data trends continue to show sold US economic growth.
  • Crude oil prices dropped by 0.46 per cent on Tuesday with US industry data ahead on stockpiles. The American Petroleum Institute will release its estimates of crude gasoline and distillates stocks late Tuesday. That will be followed by more closely-watched data from the US Department of Energy.
  • Natural Gas futures jumped by nearly 2 per cent in the domestic market on Monday tracking a bullish trend in the overseas market as investors and speculators booked fresh positions in the energy commodity amid expectations for gas-fired heating and cooling demand across parts of the US in the coming weeks.

ECONOMY NEWS :

  •  The Bank of England said on Tuesday that risks around Britain’s referendum on the European Union could push up borrowing costs and weaken sterling, and tightened rules for mortgage lending to landlords. The central bank said the outlook for financial stability had worsened since its last quarterly report in November, and also moved ahead with plans to require some banks to hold extra capital as lending growth started to pick up.
  • Japan’s parliament approved on Tuesday a record 96.72 trillion yen ($851.5 billion) state budget for fiscal 2016, paving the way for a fully-fledged debate on additional stimulus spending to spur the flagging economy. Prime Minister Shinzo Abe seeks to front-load spending for the annual budget for the coming fiscal year from April and to adopt a fresh extra budget, while speculation is rife that he may again delay a sales tax increase planned for April 2017.
  • John Williams, president of the San Francisco Fed, stated that the U.S. economy was in good shape with global risks abating and reiterated that future rate hikes by the U.S. central bank would be gradual. In a speech given Tuesday in Singapore, Williams commented that “things are looking very good” with regard to U.S. employment and said that he expects the jobless rate to continue to edge down.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1224 TARGET 1229 1235 SL BELOW 1219
  • SELL GOLD BELOW 1215 TARGET 1210 1204 SL ABOVE 1220

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

30Mar

IForex Market Trading Signals and News – 30 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie holds steady, kiwi gains ground with Yellen in focus
  • Forex -Dollar pushes higher ahead of Yellen speech
  • Forex-Yen under pressure, U.S. data disappoints dollar bulls

EUR/USD
EUR/USD is showing limited movement on Tuesday, as the pair trades at 1.1180 in the European session. On the release front, Eurozone M3 Money Supply remained steady at 5.0%, while Private Loans improved to 1.6%. Over in the US, CB Consumer Confidence is forecast to climb to 93.9 points. Federal Reserve Janet Yellen will deliver remarks at the Economic Club in New York City. US economic growth in the fourth quarter was respectable, but there are signs that we could see softer numbers for the first quarter of 2016. The Atlanta Fed downgraded its forecast for Q1 from 1.4 percent to 0.6 percent. The original forecast, released just last week, was lowered in response to a downgraded forecast of personal income and outlays by the US Bureau of Economic Analysis.

GBP/USD
The recovery back above the rising March trendline might mark the end of the pullback from $1.45. We have certainly seen a steady march higher, with $1.41 providing support for the pair.Today’s dip below the trendline may mark another possible buying opportunity, and a breakout above $1.4270 should see gains towards $1.4330 and then $1.4450. Currency pair GBP/USD began to increase, the pound rose above the level of 1.4250. The RSI indicator is rising after a rebound from the support level. The main aim to strengthen the sterling remains at the upper boundary of the descending channel. Thus, the forecast GBP/USD on 29.03.2016 includes securing the pair above the 1.4300 mark and continued growth.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4298 TARGET 1.4318 1.4348 SL BELOW 1.4268
  • SELL GBP/USD BELOW 1.4215 TARGET 1.4195 1.4165 SL ABOVE 1.4245

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

30Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 11.21 points or 0.4% lower to 2819.08, taking the year-to-date performance to -2.21%.
  • The top active stocks today were OCBC Bank, which declined 0.11%, DBS, which gained 0.07%, SingTel, which declined 0.79%, UOB, which declined 0.32% and Keppel Corp, with a 1.87% fall.
  • The FTSE ST Mid Cap Index declined 0.24%, while the FTSE ST Small Cap Index declined 0.36%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.73%. The two biggest stocks of the Index – Raffles Medical Group and Biosensors International Group- ended 1.12% higher and 0.61% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.28%. Keppel Corp shares declined 1.87% and Sembcorp Industries declined 2.93%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares USD Asia Bond ETF (+0.10%)SPDR Gold Shares (+0.22%), IS MSCI India 100 (+0.15%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.42%), Bhg Retail REIT (unchanged), Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI20000VTeCW160428 (-5.77%), HSI19200MBePW160530 (-9.35%), HSI20000MBePW160629 (-5.66%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+0.86%),KepCorp MBeCW161212 (-7.02%), DBS VT eCW160916 (+1.99%)

STOCK RECOMMENDATION :

  • BUY DEL MONTE AT CMP 0.330 TARGET 0.340 350 SL 0.315

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

29Mar
SGX

China March factory activity seen contracting at slower pace

SHANGHAI :

  • Activity in China’s manufacturing sector likely shrank for an eight straight month in March, but at a slower pace than in February as a reviving property market gave a much-needed boost to sales of steel and other construction materials, economists polled by Reuters said.
  • The official manufacturing Purchasing Managers’ Index (PMI) is expected to rise to 49.3 in March from 49.0 a month earlier, according to a median forecast of 32 economists in a Reuters poll. February’s reading was the weakest since November 2011.
  • Although the forecast rise implies a slower rate of shrinkage, it is still below the 50.0 mark which separates expansion from contraction.
  • China’s factory sector has been in a prolonged slowdown, weighed down by weak global demand for the country’s exports and overcapacity in key sectors such steel and basic materials.

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

29Mar

Comex Trading Signals and Market News – 29 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices rose in holiday-thinned European trade on Monday, amid indications U.S. shale oil producers are cutting back on drilling activity. Crude oil for May delivery on the New York Mercantile Exchange tacked on 64 cents, or 1.62%, to trade at $40.10 a barrel.
  • Gold futures extended losses from last week in holiday-thinned European trade on Monday, falling to a five-week low amid speculation the Federal Reserve could give serious consideration to a rate hike at its April meeting, boosting the U.S. dollar.
  • Crude oil posted early gains in Asia with a key meeting on a proposal to freeze output by major producers looming next month. On the New York Mercantile Exchange, crude oil for delivery rose 0.81% to $39.77 a barrel. In the week ahead, oil traders will be focusing on U.S. stockpile data on Tuesday and Wednesday for fresh supply and -demand signals.

ECONOMY NEWS :

  • Japan’s parliament is set to approve on Tuesday a record 96.72 trillion yen ($851.5 billion) state budget for fiscal 2016, paving the way for a fully-fledged debate on additional stimulus spending to spur the flagging economy.
  • California Governor Jerry Brown announced a deal with legislative and labor leaders on Monday to raise the minimum wage to $15 an hour by 2023, saying the nation’s most-populous state would lead the way toward higher pay for the working poor.
  • Former Brazilian President Luiz Inacio Lula da Silva urged a return to pro-growth economic policies like tax breaks and more consumer credit on Monday, doubling down on a strategy that has strained public accounts in recent years.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1219 TARGET 1224 1230 SL BELOW 1214
  • SELL GOLD BELOW 1212 TARGET 1207 1201 SL ABOVE 1217

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

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