Monthly Archives: July 2016

29Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 23.88 points or 0.81% lower to 2917.61, taking the year-to-date performance to +1.21%.
  • The top active stocks today were DBS, which declined 2.34%, Singtel, which declined 0.46%, UOB, which declined 1.27%, OCBC Bank, which declined 0.57% and Wilmar Intl, with a close unchanged.
  • The FTSE ST Mid Cap Index gained 0.04%, while the FTSE ST Small Cap Index declined 0.88%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.09%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings- ended 0.70% lower and 0.53% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.25%. Keppel Corp shares declined 1.66% and Sembcorp Industries declined 2.73%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT S&P/ASX 200 ETF (unchanged) ,SPDR Gold Shares (+1.68%) ,STI ETF (-0.67%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.39%),CapitaLand Mall Trust (-0.47%) ,Mapletree Com Trust (+1.63%)
  • The most active index warrants by value today were : HSI22400UBeCW161028 (-5.04%) ,HSI23800UBeCW161229 (-6.25%) ,HSI21200MBePW160830 (-3.28%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-19.15%) ,UOB MB eCW161130 (-12.70%) ,OCBC Bk MB ePW161227 (+5.17%).

STOCK RECOMMENDATION :

  • BUY CITYNEON ABOVE 0.955 TGT 0.9995 1.020 SL 0.905

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

29Jul

Comex Trading Signals and Market News – 29 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed,filling inventories, and economic growth prospects darkened.Brent crude oil (LCOc1) was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. U.S. light crude (CLc1) was down 20 cents at $41.72.U.S. government data on Wednesday revealed a surprise rise in crude and gasoline inventories.
  • Gold prices added to overnights gains in European trade on Thursday, after the Federal Reserve gave no indication whether it would raise rates at its next meeting in September.Gold for December delivery on the Comex division of the New York Mercantile Exchange climbed to a session high of $1,348.70 a troy ounce. It last traded at $1,347.15 by 06:58GMT, or 2:58AM ET, up $12.65, or 0.95%.
  • Lead futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators trimmed their bets in the industrial metal amid decline in physical demand for lead from battery-makers in the domestic spot market.Further decrease in demand from battery makers in the spot market influenced lead prices at futures trade.

ECONOMY NEWS :

  • The U.S. watchdog for consumer finances unveiled on Thursday a proposal to toughen regulation of the multibillion-dollar debt collection industry, with a focus on keeping agencies from pushing people to pay debts they do not owe, informing borrowers of their rights and cutting down on calls to debtors.Both the industry and consumer advocates expressed disappointment with the proposal. The business side worried about the costs of complying with the suggested requirements, which they warned could be passed on to borrowers or force some of the thousands of small collection firms to shutter. Those pushing for consumer rights said the proposal left major holes in borrower protections and did not go far enough.
  • Excessively low European Central Bank interest rates over a long period could do more harm than good but current rates are safely above such a level, ECB Executive Board Member Benoit Coeure said on Thursday.”The current conditions of financial intermediation suggest, however, that the economic lower bound is safely below the current level of the deposit facility rate and that the impact of negative rates, combined with the asset purchase program and forward guidance, has clearly been net positive,” he said.
  • The Bank of Japan, under pressure from the government, is considering specific steps for expanding monetary stimulus on Friday to address signs of weakness in inflation, people familiar with the central bank’s thinking said.By timing its action with the government’s big fiscal spending package, the bank would aim to maximize the boost of its measures on the world’s third-biggest economy, which is struggling to escape decades of deflation, the sources said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1343 TARGET 1348 1354 SL BELOW 1338
  • SELL GOLD BELOW 1339 TARGET 1334 1328 SL ABOVE 1344

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

29Jul
forex-trading3

IForex Market Trading Signals and News – 29 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Euro rises to 2-week highs vs. dollar
  • Forex – Aussie, kiwi rise after Fed leaves policy unchanged
  • Forex – Yen gains in Asia after FOMC holds pat as expected, BoJ eyed

EUR/USD
The euro rose to two-week highs against the U.S. dollar on Thursday, after the release of upbeat data from Spain and Germany, while the Federal Reserve’s most recent policy statement weighed on the greenback.EUR/USD hit 1.1119 during European morning trade, the pair’s highest since Ju;y 15; the pair subsequently consolidated at 1.1110, gaining 0.46%. The pair was likely to find support at 1.1035, the low of July 18 and resistance at 1.1150, the high of July 15.Data earlier showed that the number of unemployed people in Germany declined by 7,000 in July, compared to expectations for a 3,000 drop and after a 6,000 slide the previous month.Germany’s unemployment rate remained unchanged at 6.1% this month, in line with expectations.

GBP/USD
GBP/USD is currently trading with a slight bearish bias. Yesterday, the pair traded perfectly long as previously forecasted and even hit a key resistance level 1.3221. Although we expect further momentum to the upper side, we will only go long upon a clear breakout above 1.3221. A clear rebound from this level will lead to a possible bearish reversal towards 1.29053. This pair should be traded alongside GBP/NZD, GBP/JPY, GBP/CHF, and GBP/CAD. These pairs have a  similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3200 TARGET1.3220 1.3250 SL 1.3170
  • SELL GBP/USD BELOW 1.3165 TARGET 1.3145 1.3115 SL 1.3135

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

28Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 8.05 points or 0.27% higher to 2941.49, taking the year-to-date performance to +2.04%.
  • The top active stocks today were Singtel, which declined 0.23%, DBS, which gained 0.37%, Wilmar Intl, which gained 0.98%, UOB, which gained 0.42% and OCBC Bank, with a 0.11% advance.
  • The FTSE ST Mid Cap Index gained 0.18%, while the FTSE ST Small Cap Index rose 0.32%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.70%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings – ended 2.27% higher and 0.56% lower respectively.
  • The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which slipped 0.39%. CapitaLand Mall Trust shares declined 2.27% and Ascendas REIT declined 0.78%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.20%) ,DBXT MSCI Asia Ex Japan ETF (+0.47%) ,DBXT MSCI Taiwan ETF (+1.43%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : CapitaLand Mall Trust (-2.27%) ,Ascendas REIT (-0.78%) ,Mapletree Com Tr (+2.33%)
  • The most active index warrants by value today were : HSI22200MBeCW160929 (+2.07%) ,HSI23800UBeCW161229 (+3.23%) ,HSI22400UBeCW161028 (+0.73%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+3.30%) ,UOB MB eCW161130 (+6.78%) ,OCBC Bk MBeCW170118 (-1.89%).

STOCK RECOMMENDATION :

  • BUY REGAL INTL ABOVE 0.157 TGT 0.167 0.177 SL 0.147

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

27Jul

Comex Trading Signals and Market News – 27 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading tad higher during noon trade in the domestic market on Tuesday with all eyes focused on the US Federal Reserve which today begins a two-day monetary policy meet.The world’s biggest central bank is likely to keep interest rates unchanged but could offer some cues over the timing of its next interest rate hike.
  • Gold prices extended losses from the prior session in European trade on Tuesday, falling towards a one-month low, as investors readjusted positions ahead of the Federal Reserve’s two-day monetary policy meeting due to begin later in the day. The Fed is not expected to take action on interest rates at the conclusion of its meeting on Wednesday, but market players will scrutinize its policy statement for fresh hints on the timing of interest rate hikes over the next several months.
  • Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.Brent crude is still up more than 60 percent from a 12-year low near $27 in January, but the rally has petered out on signs that the supply glut will persist and as economic jitters raised concern about the strength of oil demand.

ECONOMY NEWS :

  • Australian consumer prices rose at the slowest annual pace since 1999 last quarter while core inflation remained at a record low, setting the stage for a cut in interest rates as early as next week.The headline CPI index rose just 1.0 percent in the year to June, while key measures of underlying inflation held at 1.5 percent, all well below the Reserve Bank of Australia’s (RBA) target band of 2 to 3 percent.
  • Energisa SA priced an offering of new stock near the upper end of a suggested range on Tuesday, signaling an upbeat industry outlook and strong investor demand bolstered plans by Brazil’s No. 6 power distributor to cut debt. According to data obtained from securities industry watchdog CVM, Energisa sold 61.5 million units, and placed 22.52 million units in supplementary and additional allotments at 18.50 reais. Energisa sought to price the units, comprised of one common share and four preferred shares, between 16 reais and 20 reais.
  • The yen fell in early Asian trade on Wednesday on expectations of significant monetary stimulus by the Bank of Japan later in the week, a day after it had posted its biggest gains in a month on disappointment at the scale of the government’s fiscal stimulus plan.The yen fell about 0.4 percent in early trade to 105.06 per dollar, retreating from Tuesday’s high of 103.995 per dollar. On Tuesday it rose 1.1 percent, its biggest daily gain since June 24.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1325 TARGET 1330 1336 SL BELOW 1320
  • SELL GOLD BELOW 1317 TARGET 1312 1306 SL ABOVE 1322

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

27Jul
forex-market-hours

IForex Market Trading Signals and News – 27 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen surges 1% as Japan stimulus plans fall short
  • Forex – Kiwi, Aussie move higher ahead of FOMC meeting
  • Forex – Yen gains in Asia as corporate goods up more than expected

EUR/USD
EUR/USD is currently trading with a bullish bias. Yesterday, the pair traded long as previously forecasted but is yet to reach our target resistance level 1.1034. During this intraday, we expect a possible bullish price rally towards 1.1034 or even higher to 1.1054. This pair should be traded alongside NZD/USD, GBP/USD, AUD/USD and AUD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a bearish bias. The cable continues to make lower lows even as Euro push to the upper side. During this intraday, as long as the pair trades below 1.3147, we expect the cable to continue to the lower side but should not go beyond 1.2905. Ideally, the pair should form a double bottom at 1.2905. This pair should be traded alongside GBP/JPY, GBP/CHF, GBP/NZD, and GBP/CAD. These pairs a have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3165 TGT 1.3185 1.3115 SL 1.3135
  • SELL GBP/USD BELOW 1.3055 TGT 1.3035 1.3005 SL 1.3085

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

27Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 27 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.59 points or 0.12% higher to 2933.44, taking the year-to-date performance to +1.76%.
  • The top active stocks today were Singtel, which gained 0.94%, DBS, which declined 0.25%, Ascendas REIT, which gained 3.64%, CapitaLand, which declined 0.63% and OCBC Bank, with a 0.11% fall.
  • The FTSE ST Mid Cap Index gained 0.08%, while the FTSE ST Small Cap Index rose 0.13%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index, which rose 1.30%. The two biggest stocks of the Index – CapitaLand Mall Trust and Ascendas REIT – ended 0.63% lower and 3.64% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 1.07%. Jardine Matheson Holdings shares declined 0.60%and Jardine Strategic Holdings declined 1.60%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (+0.21%) ,SPDR Gold Shares (+0.63%) ,IS MSCI India (+0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+3.64%),CapitaLand Mall Trust (+2.33%) ,CapitaLand Commercial Trust (unchanged).
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+5.98%) ,HSI22200MBeCW160929 (+4.32%) ,HSI21200MBePW160830 (-18.18%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-4.21%),UOB MB eCW161130 (-6.35%) ,OCBC Bk MBeCW161004 (-6.67%).

STOCK RECOMMENDATION :

  • BUY CNMC GOLDMINE ABOVE 0.495 TGT 0.520 0.535 SL 0.470

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

26Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 12.86 points or 0.44% lower to 2932.49, taking the year-to-date performance to +1.73%.
  • The top active stocks today were Singtel, which declined 0.47%, CapitaLand, which gained 1.60%, DBS, which declined 0.31%, UOB, which declined 1.10% and OCBC Bank, with a 1.45% fall.
  • The FTSE ST Mid Cap Index declined 0.25%, while the FTSE ST Small Cap Index declined 0.50%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.57%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 0.28% higher and 0.10% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 2.51%. Raffles Medical Group shares declined 3.40%and Riverstone Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (+0.45%) ,STI ETF (+0.34%) ,IS MSCI India (+0.28%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-2.37%), CapitaLand Mall Trust (-2.27%) ,CapitaLand Commercial Trust (-1.30%)
  • The most active index warrants by value today were : HSI22200MBeCW160929 (unchanged) ,HSI23800UBeCW161229 (-1.68%) ,HSI22400UBeCW161028 (-0.74%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (unchanged) ,UOB MB eCW161130 (-7.35%) ,UOB MB eCW161031 (-5.26%).

STOCK RECOMMENDATION :

  • BUY BESTWORLD ABOVE 1.440 TGT 1.500 1.540 SL 1.370

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

26Jul

Comex Trading Signals and Market News – 26 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices extended losses from the prior session in European trade on Monday, holding near a three-week low as the U.S. dollar hovered at a more than four-month high amid renewed expectations for a Federal Reserve rate hike later this year. Gold for August delivery on the Comex division of the New York Mercantile Exchange fell to a session low of $1,313.10 a troy ounce, just above a three-week low of $1,310.70.
  • Oil prices extended losses from last week in European trade on Monday, as concerns over a global supply glut intensified after data showed that the U.S. oil rig count rose for the fourth week in a row last week.Crude oil for September delivery on the New York Mercantile Exchange fell to a session low of $43.98 a barrel. It last traded at $44.02 by 08:03GMT, or 4:03AM ET, down 17 cents, or 0.38%.
  • Copper futures rose during evening trade in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid hopes that a pickup in the US economy may bolster consumption.A gauge measuring US manufacturing climbed to 52.9 in July from 51.3 in June with a reading above 50 signaling expansion Markit Economics said in a report on Friday.

ECONOMY NEWS :

  • Japan’s government is likely to inject 6 trillion yen ($57 billion) in direct fiscal outlays into the economy over the next few years under a planned stimulus package, double the amount initially planned, the Nikkei newspaper reported on Tuesday. The Finance Ministry had initially earmarked 3 trillion yen for direct spending from national and local governments under its draft fiscal stimulus plan. But the amount was doubled on requests for bigger spending by government officials and ruling party lawmakers, the Nikkei said without citing sources.
  • The U.S. Federal Reserve is preparing an enforcement action againstGoldman Sachs Group Inc (N:GS) related to a leak of confidential government information to one of its employees, the New York Times reported on Monday. The action will include a penalty of less than $50 million, the Times said, citing people briefed on the matter.
  • U.S. Trade Representative Michael Froman told his new British counterpart on Monday that the two countries cannot launch negotiations on bilateral trade and investment deals until more is known about Britain’s future relationship with the European Union.The U.S. Trade Representative’s office said in a statement that Froman told UK Trade Secretary Liam Fox in a meeting in Washington “that the United States will be prepared to engage in conversations with the United Kingdom about how to develop our trade and investment relationship in the best way at the appropriate time.”

TRADING STRATEGY :

  • BUY GOLD ABOVE 1318.58 TARGET 1323.58 1329.58 SL BELOW 1313.58
  • SELL GOLD BELOW 1314 TARGET 1309 1303 SL ABOVE 1319

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

26Jul
forex-trading3

IForex Market Trading Signals and News – 26 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – EUR/USD almost unchanged near 1-month lows
  • Forex – Aussie rises, kiwi holds steady with eyes on central banks
  • Forex – Yen weakens further as investors eye monetary policy divergence

EUR/USD
The euro was almost unchanged near one-month lows against the U.S. dollar, despite the release of upbeat German data, as demand for the greenback remained broadly supported ahead of this week’s policy meeting by the Federal Reserve.EUR/USD hit 1.0953 during European morning trade, the session low; the pair subsequently consolidated at 1.0973. The pair was likely to find support at 1.0908, the low of June 24 and resistance at 1.1042, Friday’s high.Data on Monday showed that the German Ifo business climate index ticked down to 108.3 in July from 108.7 in June, compared to expectations for a drop to 107.5. Meanwhile, upbeat U.S. data released that week continued to support expectations for a rate hike by the U.S. central bank in the near future. While most investors expect the Fed to leave its monetary policy unchanged this week, it could give hints on the timing of future rate hikes.

GBP/USD
The British pound is unchanged at the start of the new trading week. Early in the North American session, GBP/USD is trading slightly above the 1.31 line. On the release front, it’s a quiet start to the week, with just one event on the schedule. British CBI Industrial Order Expectations came in at -4 points, within expectations. There are no US releases on Monday. On Tuesday, the US releases CB Consumer Confidence and New Home Sales, both key indicators. The pound sustained sharp losses on Friday, as British PMIs, important gauges of economic conditions, were unimpressive. Both indicators fell short of the 50-point threshold, indicating contraction in the services and manufacturing sectors. The soft readings are further indication of of economic fallout from the Brexit vote, in which the British electorate voted to leave the European Union.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3160 TGT 1.3180 1.3210 SL 1.3130
  • SELL GBP/USD BELOW 1.3070 TGT 1.3050 1.3020 SL 1.3100

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

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