Daily Archives: July 29, 2016


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


  • 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%).


  • BUY CITYNEON ABOVE 0.955 TGT 0.9995 1.020 SL 0.905

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Comex Trading Signals and Market News – 29 July 2016


  • 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.


  • 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.


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

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IForex Market Trading Signals and News – 29 July 2016


  • 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

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 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.


  • 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

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