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24Apr

Forex Market Trading Signals and News of 24th April 2014

➔ Forex – Euro extends gains after euro zone PMI surveys
➔ Forex – USD/CAD modestly higher after Canadian retail sales
➔ Forex – AUD/USD drops to 2-1/2 week lows after Australian data

USD/CAD
USD/CAD was last trading at 1.1042, up from 1.1028 ahead of the data.The pair was likely to find support at 1.0999, Tuesday’s low and resistance at 1.1075.The pair showed a muted reaction after Statistics Canada reported that retail sales rose 0.5% in February, in line with analysts’ forecasts, slowing from a downwardly revised increase of 0.9% in January.Core retail sales, which exclude automobile sales, rose 0.6%, in line with expectations.The pair has traded in a relatively narrow range this week, with the greenback supported by indications that the U.S. economy is recovering. The loonie, as the Canadian dollar is also known, remained
softer as the Bank of Canada’s dovish stance weighed

EUR/USD
EUR/USD hit highs of 1.3845, the strongest since April 17 and was last up 0.26% to 1.3841.
The pair was likely to find support at 1.3784, Tuesday’s low and resistance at 1.3865.The euro zone manufacturing purchasing managers’ index rose to 53.3 this month from 53.0 in March, compared to expectations for an unchanged reading.The bloc’s services PMI rose to 53.1 from 52.2 the previous month, better then forecasts for 52.4.The recovery in the euro zone’s largest economy accelerated this month, with activity in both the manufacturing and service sector strengthening.Germany’s manufacturing PMI rose to 54.2 from 53.7 in March, ahead of expectations for a reading of 54.0. The country’s services PMI increased to 55.0 from 53.0,
better than the 53.4 forecast by analysts.But growth in the French private sector lost momentum this month,with the country’s manufacturing PMI falling to 50.9 from 52.1 in March, and weaker than the 51.9 expected by analysts.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6820- TG: 1.6840/ 1.6870 SL 1.6784
2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6805

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED

24Apr
SGX Singapore

financial Sgx Singapore Stock Market Trading Picks And News – 24th April 2014

MARKET UPDATES

  • Singapore Exchange Ltd reported a 22 per cent fall in net profit on Wednesday, hit by a continued slide in share trading volumes, though a steady performance by its derivatives, listings and market data businesses meant it fared better than analysts expected. SGX posted a net profit of S$75.8 million (US60.33 million) for the March quarter, above the S$73.8 million.
  • SINGAPORE’S consumer prices rose 1.2 per cent in March from a year ago, as inflation rebounded from February’s four-year low of 0.4 per cent on the back of rising food and health care costs. This was slightly above the 1.1 per cent the market was expecting, going by the median forecast of 19 economists polled by Bloomberg before Singapore’s Department of Statistics released price data on Wednesday.
  • The Board of Directors of AIMS AMP Capital Industrial Reit Management Limited today announced Standard & Poors’ (S&P) had reaffirmed its ‘BBB-‘credit rating for the trust. S&P said it regards the trust “as one of the strongest trusts among Singapore-based industrial Reits that they rate.” The trust has a track record of expanding its portfolio and increasing its geographic diversity, while maintaining financial discipline,”according to S&P.

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.500 TG 3.550,3.600, 3.670 SL 3.430

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

23Apr

Comex Commodity Trading Signals and Market News – 23th April 2014

Gold prices rebounded in Asia on Wednesday with China in focus as the HSBC April flash Performance of Manufacturing Index suggested China’s manufacturing sector is on track to record a fifth straight month of contraction, though there was a slight increase from March. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,284.80 a troy ounce up 0.29%, after hitting an overnight session low of $1,277.60 and off a high of $1,292.70.

Silver for May delivery was up 0.48% at US$19.453 a troy ounce, while copper futures for May delivery rose 0.03% at US$3.059 a pound.

Crude oil prices rebounded in Asia on Wednesday after industry data pointed to a mixed stocks picture on U.S. supplies. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.93 a barrel, up 0.18%, after hitting an overnight session low of $101.51 a barrel and a high of $103.66 a barrel.

Brent crude on the ICE futures exchange fell 68 cents, or 0.6%, to $109.27 a barrel on Tuesday.

Natural gas prices posted modest gains on Tuesday after updated weather-forecasting models called for below-normal temperatures across portions of the central and eastern U.S. in the coming week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.738 per million British thermal units during U.S. trading, up 0.49%. The commodity hit session high of $4.760 and a low of $4.696. The June contract settled down 0.82% on Monday to end at $4.715 per million British thermal units.

Base metals jostled for position during Tuesday LME premarket trading, awaiting direction and incentives following its reopening after the four-day Easter holiday. In the metals, copper neared $6,600 per tonne at one stage, holding at $6,615, down $34 on Thursday’s close. Warehouse stocks fell a net 375 tonnes to 241,925 tonnes, the lowest since November 2012.Nickel regained the $18,000 level after last week’s brief correction, touching $18,275, its best since February 2013. It then settled at $18,250, up $325. Warehouse stocks saw a 282-tonne increase to 277,716 tonnes. Aluminium at $1,879 was $14 higher but stocks climbed 4,475 tonnes to 5,320,050 tonnes. Zinc at $2,072 was up $11.50 – inventories fell 3,100 tonnes to 798,400 tonnes, the lowest since the end of March. Lead touched $2,160, the highest since March 5, before holding at $2,156, up $14- inventories were down 1,675 tonnes at 198,725 tonnes. Tin was unchanged at $23,405, with inventories also static at 9,515 tonnes.

TRADING STRATEGY

WTI-CRUDEOIL-NYMEX has closed @ 101.87. If it breaks the level of 101.48, it can touch the level of 100.98 & 100.26 respectively. If it sustain above the level of 102.26, it can touch the level of 102.76 & 103.55 respectively.
SELL WTI-CRUDEOIL-NYMEX BELOW 101.48 TGTS 100.98, 10.26 SL 102.18.
BUY WTI-CRUDEOIL-NYMEX ABOVE 102.26 TGTS 102.76, 103.55 SL 101.56

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED

 

23Apr

Forex Market Trading Signals and News of 23th April 2014

➔ Forex – USD/CAD edges lower in subdued trade
➔ Forex – Euro pushes higher against dollar, gains limited
➔ Forex -U.S. stocks open moderately higher, data ahead; Dow Jones up 0.14%

USD/CAD
USD/CAD was last trading at 1.1004 and was moving in a range of 1.1024 and 1.1001.The pair was likely to find support at 1.0958, the low of April 16 and resistance at 1.1030, Monday’s high.The pair showed little reaction after Statistics Canada reported that wholesale sales rose 1.1% in February, the largest increase since July 2013, to C$50.67 billion, following a downwardly revised 0.5% gain in January.Market expectations had been for an increase of 0.7% in February.The U.S. was to release data on existing homes sales later in the trading day.

EUR/USD
EUR/USD was last up 0.17% to 1.3815, recovering from the two-week lows of 1.3784 struck earlier in the session.The pair was likely to find support at 1.3775 and resistance at 1.3865.Demand for the common currency remained subdued after ECB President Mario Draghi warned earlier this month that further gains in the euro would trigger additional monetary easing to keep inflation from falling.The annual rate of euro zone inflation slowed to 0.5% in March, the lowest since November 2009.Euro zone inflation has now been in the ECB’sdanger zone of below 1% for six straight months, adding to pressure on policymakers to implement fresh
stimulus measures to shore up the fragile recovery in the region.

RECOMMENDATION:
1. Buy GBP/USD Above 1.6840- TG: 1.6860/ 1.6890 SL 1.6809
2. Sell GBP/USD Below 1.6790- TG: 1.6770/ 1.6740 SL 1.6825

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED

23Apr
SGX2

financial Sgx Singapore Stock Market Trading Picks And News – 23th April 2014

MARKET UPDATES

  • The Infocomm Development Authority of Singapore launched a public consultation on Tuesday to seek views on how to use spectrum over the mid- and long term, as well as how competition in the mobile market can be increased. On the competition front, it wants to examine how the entry of mobile virtual network operators catering to niche markets can be encouraged, among other things.
  • CHIEF financial officers (CFOs) in Asia are significantly more confident about growth prospects this year than their US counterparts. This is according to findings from Bank of America Merrill Lynch’s 2014 CFO Outlook Asia survey, released on Tuesday. More than three-quarters (76%) of Asia’s finance chiefs expect revenues to grow this year, up from 72% last year.
  • CONSTRUCTION company CCM Group has received a notice of termination on a condominium in Balestier they are building. The contract was terminated “on the grounds of alleged breaches of contract”, CCM said on Tuesday. The company said it is seeking legal advice and is evaluating the financial impact of this development. The contract, secured on August 2011, was worth S$32.3 million. It was awarded by Orion-One Residential to CCM subsidiary CCM Industrial.

STOCK RECOMMENDATION

  • BUY CITY DEVELOPMENT LTD ABOVE 11.000 TG 11.100, 11.200, 11.320 SL 10.880

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

22Apr

Comex Commodity Trading Signals and Market News – 22th April 2014

Gold prices dipped slightly in Asia on Tuesday, but remain supported by tensions between Russia and the West over events in the Ukraine. On the Comex division of the New York Mercantile Exchange, Gold futures for June delivery traded at $1,287.90 a troy ounce, down 0.05%, afterhitting an overnight session low of $1,282.00 and off a high of $1,301.20.

Silver for May delivery rose 0.19% at US$19.388 a troy ounce, while copper futures for May delivery were down 0.13% at US$3.041 a pound.

Crude oil futures lost ground early in Asia on Tuesday on profit taking after a long weekend that saw continued tension between the West and Russia over events in the Ukraine. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $103.48 a barrrel, down 0.16%, after hittting an overnight session low of $102.97 a barrel and a high of $103.82 a barrel.

The global Brent oil contract for June delivery settled 42 cents, or 0.4%, higher at $109.95 a barrel on the ICE Futures Europe exchange.

Natural gas prices fell on Monday as investors locked in gains from last week’s bullish U.S. inventory report sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.729 per million British thermal units during U.S. trading, down 0.54%. The commodity hit session high of $4.799 and a low of $4.725. The June contract settled up 4.51% on Thursday to end at $4.754 per million British thermal units. Markets were closed on Friday due to holiday.

TRADING STRATEGY

SILVER-COMEX has closed @ 19.43. If it breaks the level of 19.29, it can touch the level of 19.15 & 18.99 respectively. If it sustain above the level of 19.72, it can touch the level of 19.86 & 20.02 respectively.

SELL SILVER-COMEX BELOW 19.29 TGTS 19.15, 18.99 SL 19.54.
BUY SILVER-COMEX ABOVE 19.72 TGTS 19.86, 20.02 SL 19.47.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED

22Apr
Forex Signals

Forex Market Trading Signals and News of 22th April 2014

➔ Forex – Yen weakens after March trade deficit widens more than expected
➔ Forex – JPY trends weaker ahead of March trade data
➔ Forex – EUR/USD down at the end of U.S. session

GBP/USD
GBP/USD edged up 0.06% to 1.6798 at Friday’s close, and ended the week 0.45% higher. The pair rose to highs of 1.6840 on Thursday, the strongest since November 18 2009. Sterling strengthened broadly after data earlier in the week showed that the U.K. unemployment rate fell to a five year low of 6.9% in the three months to February.The upbeat data bolstered expectations that the Bank of England could raise interest rates as soon as the first quarter of 2015.

USD/JPY
USD/JPY traded at 102.45, up 0.02%, ahead of the data. The US Dollar Index traded at 79.94, up 0.02%.Japan’s March trade data is due at 0850 Tokyo time (2350 GMT). The forecast is for a trade deficit worth ¥1.070 trillion, with exports seen up 6.5% year-on-year and showing a 16.7% increase.Last week, the dollar ended the week higher against the yen as market sentiment was boosted by easing tensions over Ukraine, while upbeat U.S. economic reports also supported the dollar.Concerns over the crisis in eastern Ukraine however continued over the Easter weekend as the U.S. and the European Union pushed plans to “de-escalate” the crisis.The dollar also received a boost after upbeat U.S. data on manufacturing and employment on Thursday pointed to underlying strength in the economy.The Labor Department rep.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6825- TG: 1.6845/ 1.6875 SL 1.6785
2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6805

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED

22Apr
financial

Sgx Singapore Stock Market Trading Picks And News – 22th April 2014

MARKET UPDATES

  • STANDARD Chartered Bank has renewed its sponsorship of Singapore’s most prestigious marathon event to the tune of S$10.5 million over the next three years. The bank said on Monday that it would continue to sponsor the Standard Chartered Marathon Singapore until 2016, in partnership with event owner Sport Singapore.
  • SINGAPORE’S Land Transport Authority (LTA) said on Monday that it has awarded civil as well as electrical and mechanical contracts for the Thomson and Eastern Region Lines worth almost S$1.15 billion.
  • DBS Bank said on Monday that it has appointed Neal Cross as Managing Director and Chief Innovation Officer, Technology and Operations to help spur its innovation agenda regionally.Mr Cross joins DBS from MasterCard, where he was responsible for driving innovation as VicePresident of MasterCard Labs in the company’s Asia/Pacific, Middle East and Africa regions.Based in Singapore, he was also charged with creating and managing innovation programs spanning ideation to commercialisation of new innovative payment solutions. DBS said Mr Cross will drive its innovation agenda across its key axes of growth, namely, Greater China, Southeast Asia and South Asia

STOCK RECOMMENDATION

  • BUY CITY DEVELOPMENT LTD ABOVE 10.550 TG 10.650,10.750, 10.870 SL 10.420

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

21Apr

Comex Commodity Trading Signals and Market News – 21th April 2014

Gold prices edged barely higher in Asia on Friday in thin holiday trade. The Good Friday session sees markets in Japan, mainland China, Hong Kong and South Korea open. Many trading centers globally however will be shut on the day. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,294.90 a troy ounce, up 0.01%, after hitting an overnight session low of $1,293.20 and off a high of $1,304.30.

Silver for May delivery was up 0.19% at US$19.645 a troy ounce, while copper futures for May delivery were down 0.01% at US$3.049 a pound.

Crude oil prices edged slightly higher in Asia on Friday in thin trade. The Good Friday session sees markets in Japan, mainland China, Hong Kong and South Korea open. Many trading centers globally however will be shut on the day. On the New York Mercantile  Exchange, West Texas Intermediate crude oil for delivery in May traded at $104.58 a barrel, up 0.07%, after hitting an overnight session low of $103.56 a barrel and a high of $104.77 a barrel.

Brent crude on the ICE futures exchange lost 7 cents, or 0.1%, to settle at $109.53 a barrel on Thursday. Prices are up 2% for the week.

Natural gas prices soared on Thursday, hitting 7-week highs after a weekly U.S. stockpile report revealed inventories grew at a slower clip than markets were expecting. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.739 per million British thermal units during U.S. trading, up 4.60%. The commodity hit session high of $4.739 and a low of $4.488. The May contract settled down 0.81% on Wednesday to end at $4.530 per million British thermal units.

Base metals other than tin were higher in Thursday’s LME premarket session but business has been quiet – the market is winding down ahead of the Easter holidays, with the LME closed on Friday and Monday. Copper at $6,651 was up $32 on Wednesday’s close but take-up has been slow, with just 2,700 lots changing hands on Select so far. Stocks were unchanged at 242,300 tonnes but cancelled warrants were 500 tonnes lower at 101,600 tonnes. Aluminium was $4 higher at $1,879 after an 8,150-tonne reduction in stocks to 5,315,575 tonnes, a one-month low. Cancelled warrants were down 6,300 tonnes at 2,947,750 tonnes. Nickel rose $140 to $18,000 even though stocks climbed 186 tonnes at 277,434 tonnes and cancelled warrants fell 918 tonnes to 129,000 tonnes. Lead was unchanged at $2,142, with 1,675-tonne reductions in both stocks and cancelled warrants to 200,400 tonnes and 28,575 tonnes respectively. Zinc was $2 higher- stocks fell 3,150 tonnes to 801,500 tonnes. Tin was the only metal to lose ground, although $23,445 it was down just $5. Stocks were 15 tonnes lower at 9,515 tonnes.

TRADING STRATEGY

PLATINUM-COMEX has closed @ 1410.75. If it breaks the level of 1409, it can touch the level of 1401 & 1391 respectively. If it sustain above the level
of 1426, it can touch the level of 1434 & 1444 respectively.

SELL PLATINUM-COMEX BELOW 1409 TGTS 1401, 1391 SL 1424.
BUY PLATINUM-COMEX ABOVE 1426 TGTS 1434, 1444 SL 1411.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED

21Apr

Forex Market Trading Signals and News of 21th April 2014

Forex – EUR/USD down at the end of U.S. session

Forex – USD/JPY up at the end of U.S. session

Forex – GBP/USD down toward the end of U.S. session

EUR/USD

EUR/USD was trading at 1.3810, down 0.03% at time of writing.The pair was likely to find support at 1.3791, Tuesday’s low, and resistance at 1.3864, Thursday’s high.

USD/JPY

USD/JPY was trading at 102.42, up 0.001% at time of writing.

The pair was likely to find support at 101.42, Monday’s low, and resistance at 102.57, today’s high.

USD/CAD

USD/CAD was trading at 1.1023, up 0.12% at time of writing.

The pair was likely to find support at 1.0942, Monday’s low, and resistance at 1.1034, Wednesday’s high.

GBP/USD

GBP/USD was trading at 1.6785, down 0.05% at time of writing.

The pair was likely to find support at 1.6662, Tuesday’s low, and resistance at 1.6842, Thursday’s high.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6825- TG: 1.6845/ 1.6875 SL 1.6785

2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6805

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED

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