12Sep
39505338-1-39540171-18_08_2016-japan-markets-stocks

Tokyo: Shares open lower on Fed rate hike speculation

  • Tokyo shares fell in early trading on Monday, after revived speculation about a possible US rate hike this month drove down stocks on Wall Street last week.
  • The headline Nikkei 225 index at the Tokyo Stock Exchange dropped 1.27 per cent or 216.09 points to 16,749.67 in the first minutes of trade. The broader Topix index of all first-section issues gave up 1.42 per cent, or 19.09 points, to 1,324.77.

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12Sep
samsung_logo-svg

Samsung Electronics shares touch near 2-month low on Note 7 worries

  • Shares of tech giant Samsung Electronics fell to their lowest level in nearly two months on Monday, hurt by worries the fallout from a recall of its Galaxy Note 7 smartphone may deal a bigger blow than anticipated.
  • Investors have wiped off 13 trillion won (S$16 billion) from Samsung’s market capitalisation as of early Monday, with the firm’s common shares down 5.3 per cent as of 0058 GMT, underperforming a 1.4 per cent fall for the broader market and touching their lowest level since July 15.
  • The South Korean firm on Saturday urged all customers affected by the recall, which the firm voluntarily initiated on Sept 2 due to faulty batteries causing Note 7 phones to catch fire, to turn of their phones.
  • “Uncertainties are being amplified,” HMC Investment analyst Greg Roh said. “It might cost the company more than first expected to deal with the current problems.”

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8Sep
sgx down

Taiwan: Stocks flat, hover at 14-month highs

  • Taiwan stocks stayed flat near 14-month highs on Thursday, in line with other overseas markets, with TSMC and other suppliers of Apple Inc remaining little changed following the launch of new iPhones.
  • As of 0343 GMT, the main Taiex index was up 7 points at 9,266.63, after hitting its highest intraday level in 14 months in the prior session.
  • The electronics subindex was nearly flat, while the financials subindex gained 0.2 per cent.
  • Taiwan Semiconductor Manufacturing Co (TSMC), an Apple supplier and the world’s biggest contract chip maker, was trading flat.
  • The Taiwan dollar softened NT$0.043 to NT$31.283 per US dollar.

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

8Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 8 September 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2.9 points or 0.10% lower to 2893.65, taking the year-to-date performance to +0.38%.
  • The top active stocks today were DBS, which gained 0.78%, UOB, which gained 0.16%, Singtel, which closed unchanged,
    Noble, which closed unchanged and OCBC Bank, with a 0.23% advance.
  • The FTSE ST Mid Cap Index declined 0.11%, while the FTSE ST Small Cap Index rose 0.27%.The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.50%.
  • The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 2.94% higher and 3.49% lower respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 0.83%. Jardine Matheson Holdings shares
    declined 0.33%and Jardine Strategic Holdings declined 0.87%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:
    SPDR Gold Shares (+1.50%) ,IS MSCI India (-0.27%) ,STI ETF (-0.68%)
  • The three most active Real Estate Investment Trusts (REITs) by value were:
    Ascendas REIT (unchanged) ,CapitaLand Mall Trust (-0.46%) ,CapitaLand Commercial Trust (-1.23%)
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (unchanged) ,HSI23800MBeCW160929 (-9.52%) ,HSI23600VTeCW161028 (unchanged)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+7.63%) ,DBS VT eCW170213 (unchanged) ,UOB MB eCW170201 (+1.89%).

STOCK RECOMMENDATION :

  • BUY SINGMEDICAL ABOVE 0.325 TGT 0.340 0.355 SL 0.310.

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

8Sep
Forex Blog, USD Vs EURO Price

IForex Market Trading Signals and News – 8 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Dollar broadly weaker on Fed rate hike doubts.
  • Forex – GBP/USD slides lower after U.K. data disappoints.
  • Forex – Aussie edges lower after GDP data, kiwi hits 16-month high.

EUR/USD

EURUSD closed above 1.1200 yesterday with price action now likely to stay flat within 1.1300 – 1.1270 price level into tomorrow’s ECB meeting. In the near term, expect the price to dip towards 1.12 on the minor bearish divergence that is formed on the chart.Resistance at 1.1270 – 1.1280 remains key to the upside, and a break out above this resistance could keep the bullish momentum send EURUSD to test 1.1300 followed by 1.1341.A possible reversal near the resistance level could, however, signal a near-term weakness,which could be confirmed if EURUSD breaks down below 1.1200.

GBP/USD

The pound slid lower against the U.S. dollar on Wednesday, after data showing that U.K. manufacturing production fell more than expected in July dampened optimism over the strength of the economy. GBP/USD hit 1.3378 during European morning trade, the session low; the pair subsequently consolidated at 1.3388, shedding 0.36%.Cable was likely to find support at 1.3292, Tuesday’s low and resistance at 1.3446, Tuesday’s high and a one-and-a half month peak.The U.K. Office for National Statistics said that manufacturing production decreased by 0.9% in July, worse than expectations for a decline of 0.4% and following a drop of 0.2% a month earlier that was revised from an initial 0.3% decline.On an annualized basis, manufacturing production rose 0.8% in July, worse than forecasts for a 1.7% increase.However, the report also showed that industrial production inched up by 0.1% in July, better than forecasts for a 0.2% decrease and following the 0.1% gain in the preceding month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3445 TGT 1.3465 1.3495 SL 1.3415.
  • SELL GBP/USD BELOW 1.3355 TGT 1.3335 1.3305 SL 1.3385.

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

7Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 7 September 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 39.92 points or 1.4% higher to 2891.66, taking the year-to-date performance
    to +0.31%.
  • The top active stocks today were Singtel, which gained 2.03%, DBS, which gained 1.18%, UOB, which gained 2.14%, OCBC Bank, which gained 1.26% and Noble, with a 12.00% advance.
  • The FTSE ST Mid Cap Index gained 1.06%, while the FTSE ST Small Cap Index rose 0.61%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which
    rose 2.01%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties –
    ended 1.80% higher and 1.89% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.08%. Midas Holdings shares
    declined 2.22% and Geo Energy Resources remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were:
    IS MSCI India (+0.67%) ,STI ETF (+1.38%) ,DBXT MSCI Indonesia ETF (+1.66%)
  • The three most active Real Estate Investment Trusts (REITs) by value were:
    Ascendas REIT (+0.81%) ,CapitaLand Commercial Trust (+2.52%) ,CapitaLand Mall Trust (+1.39%)
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (+7.06%) ,HSI22800MBePW161028 (-6.74%) ,HSI23800MBeCW160929 (+10.53%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+8.26%) ,UOB MB eCW170201 (+16.48%) ,DBS MB ePW170201 (-7.61%).

STOCK RECOMMENDATION :

  • BUY NOBLE ABOVE 0.140 TGT 0.150 0.160 SL 0.130.

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

7Sep
index

IForex Market Trading Signals and News – 7 September 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – Aussie and kiwi move higher, RBA holds rates.
  • Forex – Dollar little changed in rangebound trade.
  • Forex – USD/CAD pares losses as oil prices turn lower.

EUR/USD

Service sector activity in the U.S. grew for the 79th consecutive month in August, but at a slower pace than expected, industry data showed on Tuesday.n a report, the Institute of Supply Management (ISM) said its non-manufacturing purchasing manager’s index (PMI) fell to 51.4 last month from 55.5 in July. Analysts had expected the index to drop to 55.0.On the index, a reading above 50.0 indicates the non manufacturing sector economy is generally expanding, below 50.0 indicates the sector is contracting.In an immediate reaction, the dollar weakened. EUR/USD was trading at 1.1213 from around 1.1159 ahead of the release of the data, GBP/USD was at 1.3404 from 1.3367 earlier, while USD/JPY was at 102.48 from 103.35 earlier.The US dollar index, which tracks the greenback against a basket of six major rivals, traded at 95.17 compared to 95.62 prior to the release.

GBP/USD

The pound rose to a one-month high against the U.S. dollar on Monday, boosted by data showing that activity in the U.K. service sector returned to expansionary territory in August, while the greenback remained broadly under pressure.GBP/USD 1.3367 during European morning trade, the pair’s highest since August 3; the pair subsequently consolidated at 1.3367, climbing 0.54%.Cable was likely to find support at 1.3123, the low from September 1 and resistance at 1.3480, the high of July 14.Research group Markit said its U.K. services purchasing managers’ index rose to 52.9 last month from a reading of 47.4 in July. Analysts had expected the index to rise to 50.0.The upbeat data added to current optimism over the strength of the economy and Britain’s ability to overcome any post-Brexit hurdles.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3445 TGT 1.3465 1.3495 SL 1.3415.
  • SELL GBP/USD BELOW 1.3280 TGT 1.3260 1.3230 SL 1.3310.

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

7Sep

Comex Trading Signals and Market News –7 September 2016

INTERNATIONAL COMMODITY NEWS

  • Gold prices held near a more than one-week high during European hours on Tuesday, as investors awaited fresh signals
    about the timing of a possible U.S. interest rate increase this year.The U.S. Institute of Supply Management is to release data on August service sector activity at 10:00AM ET (14:00GMT) on Tuesday.
  • Brent crude prices edged lower during Europe’s session on Tuesday, as optimism surrounding an agreement between Saudi Arabia and Russia to stabilize the oil market began to fade.On the ICE Futures Exchange in London, Brent oil For November delivery declined 35 cents, or 0.7%, to trade at $47.28 a barrel by 4:15AM ET (08:15GMT).
  • Natural gas futures fell during noon trade in the domestic market on Tuesday as investors and speculators exit positions in the energy commodity amid speculation that peak summer demand for the power plant fuel which is used to fire up air conditioners in the US may be coming to an end.

ECONOMY NEWS

  • A top Federal Reserve official on Tuesday repeated his call for gradual interest rate hikes, evidently unfazed by a slow down in U.S. job gains and sluggishness in the services sector that now has traders betting against any rate hike at all this year.It “makes sense to get back to a pace of gradual rate increases, preferably sooner rather than later,” San Francisco Fed President John Williams said in remarks prepared for delivery to the Hayek Group.
  • The yen gained on Wednesday after downbeat U.S. economic data made a U.S. interest rate increase this month unlikely, prompting investors to trim their dollar bets and triggering stop-loss orders in early Asian trade.The dollar was down 0.5 percent at 101.50 yen after dipping as low as 101.245 earlier, its lowest since Aug. 26 and well below last Friday’s high of 104.32 yen. It tumbled more than 1 percent against its Japanese counterpart on Tuesday.
  • Top British bankers will tell finance minister Philip Hammond on Wednesday to give them a clearer idea of what thecountry’s divorce from the European Union will mean for them when they hold their first meeting since the Brexit vote.Hammond is to meet with executives from major banks and insurers, including Barclays(L:BARC), HSBC (L:HSBA), Standard Life (L:SL) Santander UK, the British arm of Spain’sBanco Santander (MC:SAN), according to sources.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1350 TGT 1355 1360 SL 1345.
  • SELL GOLD BELOW 1347 TGT 1342 1337 SL 1352.

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

6Sep
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 6 September 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 46.1 points or 1.64% higher to 2850.02, taking the year-to-date performance to –
    1.13%.
  • The top active stocks today were Singtel, which gained 2.07%, DBS, which gained 1.46%, CapitaLand, which gained 2.93%, UOB, which gained 1.44% and OCBC Bank, with a 1.40% advance.
  • The FTSE ST Mid Cap Index gained 1.16%, while the FTSE ST Small Cap Index rose 0.73%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which
    rose 3.04%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties ended 3.89% higher and 2.20% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which rose 0.13%. Silverlake Axis shares gained 0.76% and CSE Global declined 1.19%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:STI ETF (+1.75%) ,IS MSCI India ETF (+1.35%) ,DBXT MSCI Thailand TRN ETF (-1.72%)
  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (+1.22%) ,CapitaLand Mall Trust (+0.94%) ,Mapletree Com Trust (+1.59%)
    The most active index warrants by value today were:
    HSI23800MBeCW160929 (+35.71%) ,HSI23400MBeCW161028 (+25.78%) ,HSI22800VTeCW160929 (+26.21%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (+13.08%) ,OCBC Bk MBeCW170118 (+16.67%) ,DBS MB ePW170201 (-11.54%).

STOCK RECOMMENDATION :

  • BUY NOBLE ABOVE 0.125 TGT 0.135 0.145 SL 0.115.

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

6Sep

Comex Trading Signals and Market News –6 September 2016

INTERNATIONAL COMMODITY NEWS

  • Gold gained in Asia on Tuesday as investors continued to mull the chances of a Fed rate hike this month in the wake of weaker than expected U.S. jobs data at the end of last week.Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.31% to $1,330.85 a troy ounce.
  • Crude gained further in Asia on Tuesday as investors reassessed a new twist in proposals to freeze output by major producers and sent futures sharply higher.Crude oil for October delivery on the New York Mercantile Exchange jumped  2.12% to $45.38 a barrel. On the ICE Futures Exchange in London, Brent oil for November delivery gained 0.29% to $47.77 a barrel.
  •  U.S. natural gas futures fell to the lowest level in nearly two weeks on Monday, as traders reacted to the reality that higher summer demand for the commodity is coming to an end. Demand for natural gas tends to rise in the summer  months as warmer temperatures increase the need for gas-fired electricity to power air conditioning.

ECONOMY NEWS

  • Venezuelan President Nicolas Maduro has enlisted a Spanish academic he has hailed as the “Jesus Christ of economics” to help the South American country manage chronic product shortages.Alfredo Serrano is the only foreigner to form part of the Superior Organ of the Grand Mission of Sovereign Supply, a group of civilians and military officers tapped by socialist President Nicolas Maduro in response to the country’s economic crisis.
  •  More than a third of Arab banks have seen their business links with foreign banks shrink over the past four years because of pressures such as economic sanctions and concern about money laundering, according to a study published  on Monday. “The inability of banks in some Arab countries to enter into correspondent relationships with foreign banks could have a deleterious impact on trade and remittances and ultimately on real economic activity,” the Arab Monetary Fund said in the study.
  • The world’s biggest hedge fund firm thinks that China is preparing for a bust.Ray Dalio’s Bridgewater says that China  has experienced an “unsustainable buildup of credit,” which is “typical of debt boom and busts,” according to a private  note to investors viewed by Business Insider.”This rapid expansion in credit looks like it has created significant vulner abilities in the Chinese financial system at a time when the economy is still near the front end of a material loss cycle,” the note added.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1330 TARGET 1335 1341 SL 1325.
  • SELL GOLD BELOW 1321 TARGET 1316 1310 SL 1326.

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

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