Daily Archives: March 7, 2016

7Mar
sgx2

Singapore Exchange : Opening market news

SGX :

  • Singapore share prices opened higher on Monday with the Straits Times Index up 2.48 points to 2,839.48 as at 9.01am, following Wall Street rally on Friday.
  • The S&P 500 and Dow Jones Industrial average closed at two-month highs on Friday, bolstered by a better-than-expected US jobs report and another rise in oil prices.
  • Top gainers in early-morning trade included Ezra Holdings, Noble and Rex International.
  • Some 60.4 million shares worth S$84.6 million changed hands, with gainers outnumbering losers 92 to 27.

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

7Mar

Comex Trading Signals and Market News – 07 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold rose in European morning hours on Friday, to trade near the previous session’s one-year peak as investors focused on the upcoming U.S. nonfarm payrolls report for new hints on the Federal Reserve’s next policy moves.  On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were up 0.25% at $1,260.90.
  • Natural Gas futures shed more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators exited positions in the energy commodity as hefty storage levels exacerbated concerns of oversupplies as the end of the winter heating season threatened to curb demand for the fuel in the US the world’s biggest consumer.
  • Silver futures rallied by more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the precious metal as weaker than expected US economic data pushed back bets of a near-term interest rate hike by the Federal Reserve bolstering the lure for the bullion as a store of value.

ECONOMY NEWS :

  • Japan’s government named Makoto Sakurai, a think tank executive with ties to advocates of aggressive monetary policy easing in premier Shinzo Abe’s administration, to join the Bank of Japan’s board, a government document showed on Friday.Sakurai, 70, replaces Sayuri Shirai, a 53-year-old former International Monetary Fund economist and the only female in the nine-member board whose term ends on March 31.
  • Australian shares climbed to a two-month peak on Friday after gains in commodity prices underpinned the mining and financial sectors, while New Zealand stocks struck a record high, yet again.The S&P/ASX 200 index .AXJO edged up 0.3 percent or 16.4 points to 5,098.1 by 01:45 GMT. The benchmark is up 4.5 percent so far this week and if sustained, it would be the biggest increase in nearly five months.
  • China’s defence budget this year is likely to rise at its slowest pace since 2010, in line with the decelerating economy and by a much lower figure than had been expected in military and diplomatic circles, though it probably does not represent true spending.Fu Ying, spokeswoman for China’s parliament, said the figure would increase by about seven to eight percent from 2015, following a nearly unbroken two-decade run of double-digit budget increases.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1270 TARGET 1275 1285 SL 1263
  • SELL GOLD BELOW 1258 TARGET 1252 1247 SL 1265

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

7Mar

IForex Market Trading Signals and News – 07 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Pound slides lower against stronger greenback
  • Forex -Dollar mostly higher ahead of U.S. jobs report
  • Forex -Dollar firms before U.S. payrolls data

EUR/USD
EUR/USD keeps its march north intact on Friday, now trading at shouting distance from the psychological handle at 1.10.The pair has resumed yesterday’s upside momentum, this time propped up by an abrupt leap to session highs in EUR/GBP in response to an increased offered tone around the sterling.Next on tap for the pair will be the release of US Non-farm Payrolls, expected at 190K during February, with the jobless rate staying put at 4.9%. EUR/USD is trading at 1.0950 in Friday’s European session, after posting strong gains on Thursday. On the release front, the sole Eurozone release is Retail PMI. It’s a busy day in the US, with four key events, led by Nonfarm Employment Change. The markets are expecting a strong turnaround in the upcoming release, with an estimate of 195 thousand.

GBP/USD
The pound slid lower against the U.S. dollar on Friday, as sentiment on the greenback improved ahead of highly anticipated data on U.S. nonfarm payrolls due later in the day. GBP/USD hit 1.4130 during European morning trade, the session low; the pair subsequently consolidated at 1.4136, shedding 0.27%.Cable was likely to find support at 1.4029, Thursday’s low and resistance at 1.4320, the high of February 22. The dollar weakened on Thursday after a string of downbeat U.S. data dampened optimism over the strength of the economy. The Institute of Supply Management reported that its non- manufacturing purchasing manager’s index fell more-than-expected last month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4180 TARGET 1.4200 1.4240 SL 1.4140
  • SELL GBP/USD BELOW 1.4100 TARGET 1.4080 1.4040 SL 1.4140

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

7Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 07 March 2016

MARKET UPDATES :

  • 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%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 4.51%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 5.17% higher and 3.63% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 0.78%. Jardine Matheson Holdings shares declined 2.13%and Jardine Strategic Holdings gained 0.30%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+2.20%), STI ETF (+2.16%), IS MSCI India 100 (+0.48%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.25%), Capitamall Trust (+1.88%), Capitacom Trust (+4.24%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (+14.52%), HSI19200MBePW160330 (-25.68%), HSI20600MBeCW160330 (+20.97%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+37.37%), KepCorp MBeCW161212 (+17.50%), UOB MB eCW160705 (+26.04%)

STOCK RECOMMENDATION :

  • BUY GLOBAL LOGI ABOVE 1.910 TARGET 1.960 2.050 SL 1.840

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

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