Daily Archives: August 30, 2016

30Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 28.22 points or 0.99% lower to 2829.43, taking the year-to-date performance to –
    1.85%.
  • The top active stocks today were Singtel, which declined 2.37%, UOB, which declined 0.28%, DBS, which declined 0.46%,OCBC Bank, which declined 0.46% and ComfortDelGro, with a 0.35% fall.
  • The FTSE ST Mid Cap Index declined 0.45%, while the FTSE ST Small Cap Index declined 0.61%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.63%.
  • The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 3.42% higher and unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.26%. Singtel shares declined 2.37% and StarHub declined 1.07%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:
    iShares USD Asia HY Bond ETF (-0.72%) ,SPDR Gold Shares (-0.40%) ,IS MSCI India (-0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:CapitaLand Mall Trust (-2.32%) ,Ascendas REIT (-0.81%) ,CapitaLand Commercial Trust (-0.97%).
  • The most active index warrants by value today were:
    HSI22800VTeCW160929 (-12.30%) ,HSI23000MBeCW160929 (-13.13%) ,HSI23800UBeCW161229 (-7.76%).
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-7.50%) ,UOB MB eCW170201 (-2.27%) ,OCBC Bk MBeCW170118 (-4.76%).

STOCK RECOMMENDATION :

  • BUY GEOENERGY RES ABOVE 0.128 TGT 0.138 0.148 SL 0.118.

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

30Aug
9mr68gds-1386216261

IForex Market Trading Signals and News – 30 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie falls to 4-month lows, kiwi holds steady vs. greenback.
  • Forex – Dollar gains furtehr in Asia on Yellen views, yuan drop noted.
  • Forex – Dollar gains in early Asia as Yellen remarks add support.

EUR/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

GBP/USD

The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3135 TGT 1.3155 1.3185 SL 1.3105.
  • SELL GBPUSD BELOW 1.3053 TGT 1.3033 1.3003 SL 1.3083.

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

30Aug

Comex Trading Signals and Market News –30 August 2016

INTERNATIONAL COMMODITY NEWS

  • Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger
    U.S. dollar weighed on commodities.Iraq, which has exported more crude from its southern ports in August, will continue ramping up output, its oil minister said on Saturday. Top exporter Saudi Arabia has kept output at around record levels this month.
  •  Gold prices were under pressure during European hours on Monday, slumping to a five-week low amid indications the  Federal Reserve is gearing up to hike interest rates as early as next month.Gold for December delivery on the Come  division of the New York Mercantile Exchange touched an intraday low of $1,317.20 a troy ounce, a level not seen since July 26. It was last at $1,320.95 by 3:02AM ET (07:02GMT), down $4.95, or 0.37%
  • Silver futures fell during evening trade in the domestic market on Monday as investors and speculators exit positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for the bullion as an alternative asset.Stronger greenback makes gold more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS

  • South Korea’s extra budget may not be passed by parliament on Tuesday as ruling and opposition lawmakers are at odds over spending details, a senior finance ministry official told Reuters.Ruling and opposition lawmakers had agreed last week to pass the supplementary budget on Aug. 30, but the main opposition Minjoo Party has been arguing for more spending for young children’s education in the plan, which the ruling party is against.
  • In the last financial year before Britain voted to leave the European Union, the country gained more foreign investment projects than ever before, the government said on Tuesday.Some 2,213 investments were made in the year ending in March, up 11 percent from the previous year, the government said. That resulted in the creation or “safeguarding” of 116,000 jobs, it said.
  •  The European Union’s executive said on Monday it had a unanimous mandate from the bloc’s 28 members to finalize negotiations on a free trade deal with the United States, a day after Germany’s economy minister said the talks had “defacto failed”.Sigmar Gabriel of Germany, the EU’s biggest economy, said on Sunday that negotiations over the Transatlantic Trade and Investment Partnership (TTIP) had failed because Europe rejected some U.S. demands.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1321 TARGET 1326 1332 SL BELOW 1316.
  • SELL GOLD BELOW 1316.2 TARGET 1311.2 1305.2 SL ABOVE 1321.2.

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

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