Daily Archives: March 4, 2016

4Mar
SGX

SGX Market Summary of 04th march 2016

Singapore Exchange :

  • The Straits Times Index (STI) ended 44.92 points or 1.61% higher to 2832.54, taking the year-to-date performance to -1.74%.
  • The top active stocks today were DBS, which gained 4.42%, OCBC Bank, which gained 2.09%, UOB, which gained 1.81%, Noble, which gained 10.53% and SingTel, with a 0.26% fall.
  • The FTSE ST Mid Cap Index gained 1.48%, while the FTSE ST Small Cap Index rose 0.86%.

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

4Mar
sgx2

Singapore Exchange : Opening market update

SGX :

  • Singapore share prices opened higher on Friday with the Straits Times Index up 5.56 points to 2,793.18 as at 9.01am, following a three-day streak of gains on Wall Street.
  • The CBOE Volatility Index or VIX, which reflects the level of short-term volatility by charting S&P 500 stock index option prices, has reached its lowest so far this year.
  • Top gainers in early-morning trade included DBS, Keppel Corporation and Singapore Exchange.
  • Some 52.3 million shares worth S$64 million changed hands, with gainers outnumbering losers 100 to 25.

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

4Mar

Comex Trading Signals and Market News – 04 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures extended a slump during noon trade in the domestic market on Thursday as investors and speculators exited positions in the energy commodity as forecasts for mild temperatures in March across the US threatened to curb demand for the heating fuel and expand a supply glut.The Commodity Weather Group called for warmer than normal weather in the US in the coming days reducing the need for gas-fired heating at offices and homes in the world’s biggest fuel consuming nation.
  • Gold futures drifted higher in European trade on Thursday, as investors looked ahead to key U.S. data later in the day to gauge if the world’s largest economy is strong enough to withstand further rate hikes this year.The U.S. was to release the weekly report on initial jobless claims at 15:30GMT, or 8:30AM ET, followed by the U.S. Institute of Supply Management’s report on service sector growth for February at 15:00GMT, or 10:00AM ET.
  • Crude prices gained further in Asia on Thursday as investors shrugged off bearish U.S. inventory reports. On the New York Mercantile Exchange, WTI crude for April delivery rose 0.40% to $34.80 a barrel. Brent rose 0.16% to $36.99 a barrel. Overnight, U.S. crude futures inched up on Wednesday remaining near one-month highs after a massive build in domestic inventories last week exacerbated concerns that top storage facilities nationwide could reach full storage capacity in the near-term future.

ECONOMY NEWS :

  • Foreign capital outflows from the South Korean securities markets continued for a fourth consecutive month in February but there were signs of the trend easing, the country’s finance ministry said on Thursday.Data from the ministry showed foreign investors reduced their holdings of South Korean domestic bonds by a net 4.2 trillion won ($3.46 bil lion) and sold a net 0.2 trillion won worth of stocks during February.
  • Australia’s deputy leader called for government unity on Thursday as Prime Minister Malcolm Turnbull’s polls plummet amid party divisions and ahead of a critical budget and looming election later this year.Deputy Prime Minister Barnaby Joyce said the honeymoon was over for Turnbull, who became leader in a party room coup in late 2015 and is now under pressure on several policy fronts and facing party instability blamed on the man he toppled, former prime minister Tony Abbott.
  • Bank of Japan Deputy Governor Hiroshi Nakaso on Thursday put the onus on the government to speed up structural reforms to boost the country’s growth potential and maximise the economic impact of the bank’s massive monetary stimulus programme.The former career central banker said it was technically possible to push interest rates further into negative territory, stressing the BOJ’s readiness to expand stimulus again if needed to achieve its 2 percent inflation target.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1245 TARGET 1250 1256 SL 1239
  • SELL GOLD BELOW 1235 TARGET 1230 1224 SL 1241

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

4Mar
forex-trading3

IForex Market Trading Signals and News – 04 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie hits 2-month highs on strong data, kiwi holds steady
  • Forex -Dollar gains with Friday’s US jobs data in focus
  • Forex -Dollar turns lower against euro, yen on doubts over rally’s momentum

EUR/USD
The common currency keeps the buoyant tone on Thursday, lifting EUR/USD to test fresh tops in the 1.0880 area. The buying interest around EUR remains firm today after Services PMI in Germany and the euro area have bettered the preliminary readings for the month of February. Adding to the upbeat sentiment around the pair, EMU’s Retail Sales have surpassed initial forecasts during January, expanding 0.4% on a monthly basis and 2.0% over the last twelve months.With releases in Euroland now out of the way, the US docket will take the driver’s seat, with Initial Claims, Factory Orders and the ISM Non-manufacturing all expected later in the NA session.The pair is now up 0.13% at 1.0880 facing the next up barrier at 1.0925 (100-day sma) ahead of 1.1046 (200-day sma) and then 1.1123 (38.2% Fibo of December up-move). On the flip side, a breakdown of 1.0823 (low Mar.2) would target 1.0777 (low Jan.21) en route to 1.0709 (2016 low Jan.5).

GBP/USD
The pound edged lower against the dollar and the euro on Thursday after data showing that U.K. service sector growth slowed to its weakest level in three years amid fears over the growing risk of Brexit. GBP/USD hit lows of 1.4034 before recovering slightly to 1.4082.The Markit services purchasing managers’ index declined to 52.7 last month from January’s 55.6. Economists had expected the index to tick down to 55.1.It was the lowest reading since March 2013.New orders in the sector rose at the weakest pace since early 2013 and employment growth hit a two-and-a-half year low. “Survey responses reveal that firms are worried about signs of faltering demand, but board- rooms have also become unsettled by concerns regarding the increased risk of Brexit,” Chris Williamson, Markit chief economist said.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4130 TARGET 1.4150 1.4180 SL 1.4100
  • SELL GBP/USD BELOW 1.4070 TARGET 1.4050 1.4020 SL 1.4100

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

4Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 52.81 points or 1.94% higher to 2779.77, taking the year-to-date performance to -3.57%.
  • The top active stocks today were DBS, which gained 3.30%, OCBC Bank, which gained 3.49%, UOB, which gained 3.17%, SingTel, which gained 1.60% and JMH USD, with a 1.23% advance.
  • The FTSE ST Mid Cap Index gained 1.01%, while the FTSE ST Small Cap Index rose 0.79%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 5.22%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 5.65% higher and 5.58% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.07%. Silverlake Axis shares declined 2.44% and CSE Global gained 1.10%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+1.46%), SPDR Gold Shares (+1.15%), IS MSCI India 100 (+1.94%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-1.39%), Ascendas REIT (+0.84%), Suntec REIT (+1.21%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (-6.06%), HSI19200MBePW160330 (+1.37%), HSI20600MBeCW160330 (-6.06%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (+17.37%), KepCorp MBeCW161212 (+18.81%), UOB MB eCW160711 (+16.77%)

STOCK RECOMMENDATION :

  • BUY QT VASCULAR ABOVE 0.117 TARGET 0.120 0.127 SL 0.108

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

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