Daily Archives: June 1, 2016

1Jun
sgx-asx

Singapore telcos to ensure 95% 4G network coverage from July 1

SINGAPORE:

  • Singapore mobile network operators (MNOs) are required to cover 95% of outdoor areas in the 4G network from July 1, 2016, and increase this to at least 99% from July 1, 2017.

  • In a statement on Wednesday, the Infocomm Development Authority of Singapore (IDA) said the new 4G Quality of Service (QoS) standards for compliance, was to ensure that mobile phone users experience an acceptable level of service in Singapore.
  • “These standards are imposed on MNOs providing the 4G network services. The 4G QoS standards issued by us relate to the pervasiveness of mobile coverage in Singapore, which includes outdoor areas, tunnels and in building premises.
  • “We will also impose similar standards on any new MNO, who will be provided with more lead-time to roll out its network to meet the standards,” the IDA said.
  • The new standards are similar to the 3G QoS standards enhanced in 2012 and the IDA would concurrently impose both sets of QoS standards on the MNOs.
  • There are about 4.2 million mobile users who have subscribed to 4G services in Singapore, as of February this year.\

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

1Jun

Comex Trading Signals and Market News – 01 June 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures struggled near the lowest level in more than three months in European trade on Tuesday, as investors returning from the long Memorial Day weekend awaited data that could back some Federal Reserve officials’ relatively optimistic views on the U.S. economy.The Commerce Department will release its core personal consumption expenditure (PCE) index for April, along with personal income and spending for the same month at 12:30GMT or 8:30AM ET.
  • Brent crude prices fell on Tuesday on rising output from the Middle East and ahead of an OPEC meeting later this week, while U.S. crude edged higher as the summer driving season began.Brent crude oil futures were down 40 cents at $49.36 a barrel by 0839 GMT, while U.S. West Texas Intermediate (WTI) crude oil futures traded 10 cents higher at $49.43 a barrel.
  • Natural Gas futures jumped during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts for mild summer weather in the near-term bolstered hopes of a pickup in cooling demand.Updated weather forecasting models called for mild summer temperatures over the next two weeks which may boost demand for gas-fired air conditioning.About 50 per cent of US households use natural gas for cooling purposes.

ECONOMY NEWS :

  • Having dumped Asian shares on resurgent worries about China’s economy, the specter of more aggressive U.S. interest rate rises is now forcing global investors to sell the region’s bonds and currencies.A net $3.2 billion left Asian equity markets, excluding Japan, during the period May 1 to 24, the largest outflow since January, data from HSBC showed. Indonesia’s and South Korea’s bond markets, heavy recipients of foreign investment until March, are now seeing chunks of inflows reverse while Asia’s currencies have also fallen quite sharply.
  • Japanese Economy Minister Nobuteru Ishihara said on Tuesday there is no change to the government’s stance that it is trying to balance the need for economic growth with the need for fiscal discipline.Prime Minister Shinzo Abe will delay the tax hike by 2-1/2 years, sources told Reuters, due to worries the move could push down consumer spending even further and possibly hasten a return to deflation.
  • India probably gathered momentum to hold its ranking as the world’s fastest growing large economy in the quarter    through March, giving Prime Minister Narendra Modi more to celebrate after completing two years in office last week. Modi swept to power promising to revitalize Asia’s third-largest economy and, despite a dearth of private investment and shrinking exports, his policies are having some success as cooling inflation and lower interest rates have boosted consumer demand.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1214.3 TARGET 1219.3 1225.3 SL 1209.3
  • SELL GOLD BELOW 1209.5 TARGET 1204.5 1198.5 SL 1214.5

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

1Jun
Forex trading

IForex Market Trading Signals and News – 01 June 2016

MARKET UPDATES :

  • Forex – Dollar hovers at 2-month highs ahead of U.S. data
  • Forex – Euro holding above 10-week lows after EZ inflation, jobs data
  • Forex- Aussie and kiwi move higher on upbeat data

EUR/USD
The euro stayed supported above 10-week lows against the dollar on Tuesday after data showing that euro zone consumer prices remained in negative territory this month, though the rate of deflation eased.EUR/USD was last at 1.1131, holding above the 10-week trough of 1.1097 set on Monday.Eurostat reported that the flash estimate showed that consumer prices in the single currency bloc fell 0.1% on a year-over-year basis in May, in line with economists’ expectations after falling 0.2% in April.The European Central Bank targets inflation of close to, but just below 2%. The decline in inflation was due in large part to lower oil prices, Eurostat said.Energy prices fell by 8.1% in May from a year earlier, slowing from an 8.7% fall in April.Core inflation, which strips out energy and food costs, rose by 0.8% in May from 0.7% in April.

GBP/USD
GBP/USD is currently trading with a strong bullish bias. Yesterday, the pair traded short as previously forecasted but ended up closing a few pips from our first target 1.4575. Currently, this pair is pretty much bullish and may break above 1.4706, but should not close above 1.4818. In the meantime, we are waiting for a clear breakout above 1.4729 to give us the green light to continue to the upper-side. This view can only be invalided should the price end up rebounding from 1.4729. A rebound from this resistance level will lead to an acceleration to the lower side but should not go below 1.4480. This pair should be traded alongside GBP/CHF, and GBP/JPY. These pairs have a strong positive correlation and will thus have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4565-1.4568 TGT 1.4598 1.4628 SL 1.4535
  • SELL GBP/USD BELOW 1.4540 TGT 1.4520 1.4490 SL 1.4570

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

1Jun
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.69 points or 0.2% lower to 2791.06, taking the year-to-date performance to -3.18%.
  • The top active stocks today were HongkongLand USD, which declined 0.17%, DBS, which declined 0.32%, SingTel, which declined 0.77%, OCBC Bank, which gained 0.82% and Global Logistic, with a 0.28% fall.
  • The FTSE ST Mid Cap Index gained 0.52%, while the FTSE ST Small Cap Index rose 0.57%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 2.34%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 2.00% higher and 4.62% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.27%. Keppel Corp shares declined 1.83% and Sembcorp Industries declined 1.41%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.88%), STI ETF (unchanged), iShares USD Asia HY Bond ETF (-0.84%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.29%), Capitamall Trust (-0.49%), Capitacom Trust (-2.11%)
  • The most active index warrants by value today were : HSI22400UBeCW161028 (+17.11%), HSI20800UBeCW160629 (+27.45%), HSI21000MBeCW160629 (+9.84%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-1.01%), KepCorp MBeCW161101 (-3.80%), UOB MB eCW161031 (+1.91%).

STOCK RECOMMENDATION :

  • BUY HMI ABOVE 0.350 TGT 0.370 0.385 SL 0.330

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

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