Monthly Archives: May 2016

23May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 23.71 points or 0.87% higher to 2763.82, taking the year-to-date performance to -4.12%.
  • The top active stocks today were SingTel, which gained 0.79%, Global Logistic, which declined 1.08%, DBS, which gained 0.80%, OCBC Bank, which gained 0.36% and Ascendas REIT, with a 1.76% advance.
  • The FTSE ST Mid Cap Index gained 0.66%, while the FTSE ST Small Cap Index rose 0.14%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 2.57%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 2.68% higher and 3.31% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.19%. Silverlake Axis shares declined 1.84% and CSE Global remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (-0.61%).,STI ETF (+0.72%), DBXT MSCI Indonesia ETF 10 (-0.59%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.76%), Manulife REIT (unchanged), Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (+13.43%), HSI20400UBeCW160929 (+9.59%), HSI20200MBeCW160629A (+19.40%)

STOCK RECOMMENDATION :

  • BUY ISR CAPITAL ABOVE 0.094 TGT 0.098 0.101 SL 0.089

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

20May

Comex Trading Signals and Market News – 20 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices fell by 1.87 per cent on Thursday as the minutes of the Federal Reserve’s April meeting weighed on the commodity with prospects for a rate hike as early as June expected to boost the greenback further. Federal Reserve sent strong indications in its April minutes that it could raise interest rates next month triggering a rapid increase in the slumping dollar.
  • Gold prices fell as minutes from the Federal Reserve suggested a near-term rate hike is possible. Minutes released by the Federal Reserve from its April policy meeting suggested an interest-rate increase in June was possible if incoming data showed an improving economy.
  • The report released by World Metal Statistics (WBMS) that this year, the global primary aluminum market was in a slight excess supply of 48,000 tons during the first 3 months of this year. The primary aluminum demand during the first 3 months was 13.28 million tons, reducing by 664,000 tons compared with the same period last year.

ECONOMY NEWS :

  • The International Monetary Fund backed Saudi Arabia’s sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices.Late last month, Deputy Crown Prince Mohammed bin Salman announced steps to reduce the kingdom’s dependence on oil exports over the next 15 years, including subsidy cuts, tax rises, sales of state assets, a government efficiency drive and efforts to spur private sector investment.
  • Global economic uncertainties and measures to deal with tax evasion will be among the key topics that finance leaders of the G7 advanced economies will discuss at a weekend meeting, Japanese Finance Minister Taro Aso said on Thursday.Bank of Japan Governor Haruhiko Kuroda also warned that there are “various challenges” that G7 economies need to address as the global economy suffers from subdued growth.
  • The first batch of foreign commercial banks has registered to directly trade yuan used for overseas trade settlement and can begin doing so on Friday, the foreign exchange market operator said. Approved foreign commercial banks include CTBC Bank, Taipei Fubon Bank, Standard Chartered (L:STAN) and Citibank Hong Kong Ltd (C).Foreign central banks have already been approved to trade directly in the country’s massive interbank forex market.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1262 TARGET 1267 1273 SL 1257
  • SELL GOLD BELOW 1252 TARGET 1247 1241 SL 1257

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

20May

IForex Market Trading Signals and News – 20 May 2016

MARKET UPDATES :

  • Forex – Sterling up on retail data, hits 3-1/2 month highs vs. euro
  • Forex – Dollar steady at 7-week highs on rate hike hopes
  • Forex- Aussie, kiwi move lower vs. greenback after Fed minutes

EUR/USD
EUR/USD is unchanged on Thursday, following sharp losses in the Wednesday session. The pair is trading at 1.1210 in the European session. On the release front, the ECB will release the minutes of its April policy meeting. In the US, there are two key releases. Philly Fed Manufacturing Index is expected to climb 3.2 points, while the forecast for Unemployment Claims is 276 thousand. The Federal Reserve minutes hinted that a June hike remains on the table, and EUR/USD responded with sharp losses of about 100 points. According to the minutes, the Fed wants to see stronger growth in Q2 as well as better numbers from the inflation and employment fronts. If this is achieved, the Fed said it “likely would be appropriate” to raise rates at the June meeting.

GBP/USD
The pound extended early gains against the dollar and the euro on Thursday after data showing that U.K. retail sales jumped in April, despite a steep drop in clothing sales which may have been due to unseasonable weather.The Office for National Statistics said retail sales rose 1.3% in April, well above economists’ forecasts for an increase of 0.5%. March’s figures were revised to show a 0.5% drop, a much smaller decline than the initial estimate of a fall of 1.3%.Retail sales volumes were up 4.3% on a year over-year basis, the report said. Sales of most items surged, but clothing sales fell by 6.3% the ONS said, perhaps due to cold weather in April, which hit sales of summer clothes.GBP/USD was up 0.32% at 1.4645 from around 1.4626 ahead of the report.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4700 TGT 1.4720 1.4750 SL 1.4670
  • SELL GBP/USD AROUND 1.4696-1.4693 TGT 1.4673 1.4643 SL 1.4726

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

20May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 20 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 37 points or 1.33% lower to 2740.11, taking the year-to-date performance to -4.95%.
  • The top active stocks today were Global Logistic, which declined 3.15%, SingTel, which declined 1.55%, OCBC Bank, which declined 0.36%, DBS, which declined 0.40% and ThaiBev, with a 4.47% fall.
  • The FTSE ST Mid Cap Index declined 1.08%, while the FTSE ST Small Cap Index declined 0.84%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which declined 0.54%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.01% higher and 1.59% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.61%. Keppel Corp shares declined 2.61% and Sembcorp Industries declined 2.86%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.71%), SPDR Gold Shares (-1.35%), Nikko Am Singapore STI ETF (-1.05%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-2.16%), Capitamall Trust (-1.44%), Capitacom Trust (-2.13%)
  • The most active index warrants by value today were : HSI20200MBeCW160629A (-10.67%), HSI21200UBeCW160929 (-9.46%), HSI20400UBeCW160929 (-5.20%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-4.82%), OCBC Bk MBeCW161004 (+2.82%).

STOCK RECOMMENDATION :

  • BUY RAMBA ENERGY ABOVE 0.200 TGT 0.215 0.230 SL 0.185

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

19May

Comex Trading Signals and Market News – 19 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices held near the prior session’s seven-month highs in European trade on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell for the second straight week. The U.S. Energy Information Administration will release its weekly report on oil supplies at 14:30GMT, or 10:30AM ET, amid expectations for a drop of 2.9 million barrels.
  • Gold futures were lower in European trade on Tuesday, after posting modest overnight gains, as market players looked ahead to minutes of the Federal Reserve’s April policy meeting, which many feared could be more hawkish than the statement.Gold for June delivery on the Comex division of the New York Mercantile Exchange dipped $2.00, or 0.16%, to trade at 1,274.80 a troy ounce by 06:46GMT, or 02:46AM ET.
  • Copper prices fell on Wednesday as the dollar rallied after a stream of encouraging US economic data supported the case for more rate rises this year.A US Federal Reserve policymaker said that he will push for an interest rate hike in June or July and two others still see up to three rate increases this year leaving the door open to a change in monetary policy relatively soon.

ECONOMY NEWS :

  • Japan’s gross domestic product (GDP) rose 0.4% on quarter in the first quarter of 2016, the Cabinet Office said on Wednesday. This marked a sharp reversal after a revised 0.4% contraction in the previous quarter. On a yearly basis, GDP surged 1.7% following the downwardly revised 1.1% contraction in the three months prior. Strong consumer demand and higher government spending helped offset relatively weak business investment in January-March quarter.
  • Chinese home prices increased further in April, figures from the National Bureau of Statistics showed Wednesday. On a monthly basis, house prices rose 65 cities out of 70 surveyed by the government, while it fell in 5 cities.The highest increase in house prices were noted in Hefei, by 5.8% and the steepest decline was seen in Jinzhou, by 0.5%. Compared with the same month of last year, house prices grew in 46 cities out of the 70 cities in April, while it dropped 23 cities and remained flat in 1 city.
  • Many euro zone countries do not have the leeway or urgent need to boost fiscal spending, so they should focus on reform instead to lift their growth potential, Jens Weidmann, the head of Germany’s Bundesbank said on Wednesday. An expansionary monetary stance is currently appropriate but should not be maintained longer than absolutely necessary because the negative side effects are increasing with time, Weidmann told Reuters before departing for the G7 summit in Japan.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1272 TARGET 1277 1283 SL 1267
  • SELL GOLD BELOW 1268.8 TARGET 1263.8 1257.8 SL 1273.8

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

19May
Forex trading

IForex Market Trading Signals and News – 19 May 2016

MARKET UPDATES :

  • Forex – Kiwi, Aussie decline vs. broadly stronger greenback
  • Forex – Dollar higher against yen despite upbeat Japan GDP
  • Forex- Dollar rises to 3-1/2 week highs with Fed minutes on tap

EUR/USD
EUR/USD is currently trading with a bearish bias. Yesterday, the pair broke above the resistance level 1.1324, but ended up closing below it. As previously forecasted, we still expect the pair to form a double bottom at the support level 1.1283. Thus, we expect a clear rebound from this support to go long with our target at 1.1324. A clear breakout below this support will invalidate the anticipated double bottom formation and may lead to an acceleration to the lower side. This pair should be traded alongside GBP/USD, AUD/USD and NZD/USD. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD
The pound was lower against the broadly stronger dollar on Wednesday, shrugging off a solid U.K. jobs report as investors’ reassessed prospects that the Federal Reserve would soon raise interest rates.The Office for National Statistics reported that the claimant count, which measures the number of people receiving unemployment benefit, fell by 2,400 in April, against expectations for an increase of 4,300.March’s claimant count was revised up to 14,700, the biggest monthly increase since September 2011. The U.K. unemployment rate remained stable at 5.1%, in line with economists’ forecasts.The number of people in work rose by 44,000, bringing the employment rate to a record high of 74.2%.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4530 TGT 1.4550 1.4580 SL 1.4500
  • SELL GBP/USD AROUND 1.4520-1.4518 TGT 1.4500 1.4470 SL 1.4550

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

19May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 19 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4 points or 0.14% lower to 2777.11, taking the year-to-date performance to -3.66%.
  • The top active stocks today were Global Logistic, which gained 4.67%, SingTel, which declined 0.77%, DBS, which declined 0.20%, SIA, which gained 1.22% and OCBC Bank, with a 0.12% fall.
  • The FTSE ST Mid Cap Index declined 0.26%, while the FTSE ST Small Cap Index declined 0.24%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 0.69%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties – ended 1.66% higher and 4.67% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.16%. Midas Holdings shares declined 1.85% and Geo Energy Resources declined 1.77%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : iShares USD Asia HY Bond ETF (-0.56%), STI ETF (-0.71%), DBXT MSCI Taiwan ETF 10 (-0.97%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.28%), Capitamall Trust (+0.48%), Capitacom Trust (+0.71%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (-11.91%), HSI20400UBeCW160929 (-12.50%), HSI22400UBeCW161028 (-13.43%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-5.68%), OCBC Bk MBeCW161004 (-5.33%)

STOCK RECOMMENDATION :

  • BUY UPP ABOVE 0.205 TARGET 0.220 0.240 SL 0.195

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

18May

Comex Trading Signals and Market News – 18 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were higher in European trade on Tuesday, adding to modest overnight gains, as investors looked ahead to key U.S. inflation data due later in the session to gauge if the world’s largest economy is strong enough to withstand further rate hikes in 2016.
  • Oil prices rose to fresh seven-month highs in European trade on Tuesday,adding to sharp overnight gains amid mounting concerns over global supply disruptions.Oil prices have been well-supported in recent sessions due to a combination of Nigerian,Libyan and Venezuelan supply outages, declining U.S. shale output and reduced production of Canadian crude as a result of fires in Alberta’s oil sands region.
  • Silver futures rallied in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal ahead of key US consumer price data which may dictate the likely trajectory of US interest rate movement this year. Data released on Monday showed that manufacturing activity in New York shrank in May following three months of expansion amid weakness in new orders and inventories signaling softness in the American manufacturing sector.

ECONOMY NEWS :

  • The main concern regarding the financial stability of banks in the euro zone is that new EU rules on rescuing lenders without using taxpayers’ money have not yet been tested on them, the European Central Bank’s chief economist said on Tuesday.Speaking at a conference in Brussels, Peter Praet said that financial stability has been enhanced but added that “the main concern is that bail-in for large and complex institutions has not been tested yet”.
  • The euro zone banking sector is facing a severe profitability shock, European Central Bank chief economist Peter Praet said on Tuesday, pointing to high costs, an excessive amount of bad debt in some countries and the lack of necessary consolidation.”We have in the sector a severe profitability shock,” Praet told a conference in Brussels.Praet said the sector would benefit from the formation of pan-European banking groups and the completion of the banking union.
  • A recent poll taken ahead of the June 23 referendum to decide on the U.K.’s membership in the European Union (EU) showed Tuesday that those preferring to leave surpassed those wishing to remain, though one out of every five Britons were still undecided.The TNS survey showed that those British citizens preferring a Brexit, as the preference to leave the EU is known, rose by five points to 41%, while support for the Remain camp slipped one point to 38%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1272 TARGET 1277 1283 SL 1267
  • SELL GOLD BELOW 1268.8 TARGET 1263.8 1257.8 SL 1273.8

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

18May
Forex trading

IForex Market Trading Signals and News – 18 May 2016

MARKET UPDATES :

  • Forex -Sterling pares back gains as U.K. inflation slows
  • Forex -Dollar holds steady, string of U.S. data on tap
  • Forex- Aussie and kiwi move higher on RBA minutes, oil rally

EUR/USD
EUR/USD was virtually flat on Tuesday, as investors digested hawkish signals from the Federal Reserve on the increased likelihood of multiple interest rate hikes from the U.S. central bank this year despite the release of subdued core inflation figures earlier in the session. The currency pair traded in a tight range between 1.1302 and 1.1347, before settling at 1.1314, down 0.0001 or 0.01% on the session. The euro has closed lower against the dollar in three of the last four sessions and nine of the last 11. Though the euro is only up modestly against the dollar over the last month, it still remains up by more than 4% against its American counterpart since the start of 2016. Incredibly, EUR/USD is only down 0.0003 from its level 52 weeks ago. EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1713, the high from Aug. 24.

GBP/USD
The pound pared back gains against the dollar on Tuesday after data showing that the rate of inflation in the U.K. slowed in April for the first time since September 2015. GBP/USD was last at 1.4458, down from around 1.4494 ahead of the report. The Office for National Statistics reported that the consumer price index rose by an annualized 0.3% in in April, slowing from 0.5% in March.Economists had expected the rate of inflation to remain stable at 0.5%. Consumer prices rose just 0.1% from a month earlier in April, slowing sharply from 0.4% in March and below forecasts for a gain of 0.3%.Falling air fares and price drops for clothing, vehicles and rent charged for social housing were the main contributors to the slowdown in inflation, the ONS said. Air fares fell by 14.2% in April, having jumped in March to take advantage of holidaymakers travelling for Easter.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4530 TGT 1.4550 1.4580 SL 1.4500
  • SELL GBP/USD AROUND 1.4510 TGT 1.4490 1.4460 SL 1.4540

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

18May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 45.05 points or 1.65% higher to 2781.11, taking the year-to-date performance to -3.53%.
  • The top active stocks today were ThaiBev, which gained 5.42%, Global Logistic, which gained 4.00%, DBS, which gained 1.14%, OCBC Bank, which gained 2.05% and UOB, with a 2.10% advance.
  • The FTSE ST Mid Cap Index gained 0.71%, while the FTSE ST Small Cap Index rose 1.27%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 5.83%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 6.07% higher and 5.77% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.13%. Raffles Medical Group shares declined 0.63% and Riverstone Holdings declined 1.12%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:SPDR Gold Shares (-0.83%), STI ETF (+1.43%), IS MSCI India 100 (+1.81%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.43%), Capitacom Trust (+1.08%), Capitamall Trust (+0.49%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (+5.00%), HSC8400UBeCW160629 (+13.12%), HSI20800UBeCW160629 (+7.69%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+15.79%), KepCorp MBeCW161101 (+23.81%)

STOCK RECOMMENDATION :

  • BUY EZION ABOVE 0.510 TGT 0.530 0.560 SL 0.485

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

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