Daily Archives: March 1, 2016

1Mar
sgx-asx

Singapore Exchange : Opening market update

SGX :

  • Singapore share prices opened a marginal 0.03 per cent lower on Tuesday, with the Straits Times Index down 0.84 point to 2,665.67 at 9am.
  • On Wall Street, US stocks finished a choppy session lower on Monday, in a move attributed to profit-taking after mostly gains in the last two weeks.
  • The Dow Jones Industrial Average fell 123.47 points (0.74 per cent) to 16,516.50. The broad-based S&P 500 dropped 15.82 (0.81 per cent) to 1,932.23, while the tech-rich Nasdaq Composite Index shed 32.52 (0.71 per cent) to 4,557.95.

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

1Mar

Comex Trading Signals and Market News – 01 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Brent crude futures edged higher on Monday, adding to strong gains last week, on rising hopes the market has bottomed out though analysts warned it would still take a long time to clear a huge global glut. ,Brent futures (LCOc1) were trading at $35.28 per barrel at 1042 GMT (05:42 EST), up 18 cents from their previous close., Since Feb. 11, the last time Brent was below $30, the crude benchmark has risen some 17 percent, although prices are still a fraction of the $115 per barrel seen only 20 months ago.
  • Gold futures pushed higher in European trade on Monday, as sharp declines on China’s stock market drove investors to seek shelter in the safe-haven asset.The Shanghai Composite Index tumbled by more than 4% in early trading to hit levels not seen since late 2014, as China’s central bank guided the yuan to its weakest level in three weeks.
  • Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exited positions in the precious metal after upbeat US economic data signaled strength in the world’s biggest economy despite global headwinds raising the case for the US Federal Reserve to hike interest rates this year after December’s initial lift-off dimming the lure for the bullion as a store of value.

ECONOMY NEWS :

  • The People’s Bank of China eased monetary policy on Monday by cutting the amount of cash that banks must hold as reservesIt was the fifth time since February 2015 that the PBOC cut the Reserve Rate Requirement as it seeks to revive a stumbling economyCutting the RRR will guarantee “ample liquidity” in the financial sector and encourage “appropriate growth” in the credit market the PBOC said.A lower RRR will give Chinese banks the leeway to lower borrowing costs and to make more money available to borrowers.
  • India needs to lower its debt to GDP ratio and materially lower its fiscal deficit for a ratings upgrade, Kyran Curry, S&P director, sovereign ratings in Asia, told Reuters after the federal budget was announced earlier on Monday.The country’s debt to GDP ratio falling to below 60 percent would bring a “clear upside” to the sovereign ratings, Curry said. It currently stands at 67 percent.”We are just seeing continuing a very, very slow pace in its (government’s) consolidation path. And that if anything, delays a ratings rise,” Curry added.
  • Expectations among people in Britain for inflation over the coming year rose to their highest level in five months in    January, according to a survey which followed a pick-up in official inflation data from below zero. The monthly YouGov/Citi survey, published on Monday, found year-ahead inflation expectations rose to 1.5 percent from 1.3 percent in December. Expectations for inflation over the next five to 10 years also rose to 2.9 percent from 2.7 percent, hitting their highest level since October 2014.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
  • SELL GOLD BELOW 1225 TARGET 1220 1214 SL 1231

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

1Mar
forex-trading3

IForex Market Trading Signals and News – 01 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar sharply lower against yen as China stocks sink
  • Forex – Aussie holds steady, kiwi declines after disapppointing data
  • Forex – Dollar edges up to fresh 3-week highs vs. rivals

EUR/USD
The euro fell to the day’s lows against the dollar and the yen on Monday after data showing that the euro area fell back into deflation in February for the first time in five months cemented expectations for more central bank stimulus. EUR/USD touched lows of 1.0896, the weakest since February 2 down from around 1.0915 earlier. The drop in the euro came after Eurostat said the consumer price index fell 0.2% on a year-over-year basis after rising 0.3% in January. It was the first negative inflation figure since September, when consumer prices fell 0.1%, and is well below the European Central Bank’s target of close to but just below 2.0%. Economists had expected the annual rate of inflation to tick down to 0.1%. The fall was due in large part to falling energy costs, which were 8% lower in the year to February compared to the previous month’s 5.4% drop. Core inflation, which strips out energy costs, fell to 0.7% from 1.0% in January.

GBP/USD
The GBP/USD is flat today with no domestic data but Brexit possibilities grow. The pound is trading at 1.3963. The UK currency remained below $1.40 against the US dollar following a torrid week. The slump in sterling has been fueled by fears the UK could vote to leave the EU, dubbed ‘Brexit’, on June 23. Jack Row, global fixed income investment manager at NN Investment Partners, said the pound had already weakened 4-7 per cent due to the risk of Brexit and warned it could fall further.He said: “It is not easy to assess how much the weakness of GBP is due to Brexit risk. Correlations with the US dollar and the euro have destabilized and it is not straight-forward how cyclical developments, such as disappointing UK economic data and a more dovish stance by the Bank of England, can be disentangled from Brexit risk. But it seems fair to say that GBP is around 4-7 per cent weaker because of it.”

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4020 TARGET 1.4040 1.4070 SL 1.3990
  • SELL GBP/USD BELOW 1.3860 TARGET 1.3840 1.3710 SL 1.3890

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

1Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 01 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 17.13 points or 0.65% higher to 2666.51, taking the year-to-date performance to -7.50%.
  • The top active stocks today were JMH USD, which gained 3.04%, DBS, which declined 0.07%, SingTel, which gained 0.81%, OCBC Bank, which gained 0.62% and JSH USD, with a 1.80% advance.
  • The FTSE ST Mid Cap Index declined 0.01%, while the FTSE ST Small Cap Index rose 0.06%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 2.30%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 3.04% higher and 1.80% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 0.09%. Keppel Infrastructure Trust shares remained unchangedand SIIC Environment Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.23%), STI ETF (+1.13%),IS MSCI India 100 (-0.17%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+1.39%), Ascendas REIT (+0.83%), Suntec REIT (+0.60%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (-29.59%), HSI18400MBePW160330 (+12.50%), CN10000MBeCW160629 (-10.39%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (-2.92%), UOB MB eCW160711 (+0.76%), KepCorp MBeCW161212 (unchanged).

STOCK RECOMMENDATION :

  • BUY TECH & OIL GAS ABOVE 0.140 TARGET 0.150 0.160 SL 0.132

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.