14Oct
sgx 15 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 15 October 2014

MARKET UPDATES :

  • THE Singapore economy performed slightly worse than expected in the third quarter of 2014, growing 2.4 per cent from a year ago, according to advance estimates released by the Ministry of Trade and Industry on Tuesday morning. This fell short of the 2.7 per cent median year-on-year growth forecast of 19 private-sector economists polled by Bloomberg prior to the data release, but kept pace with growth in Q2. After seasonal adjustments and on an annualised basis, the economy grew 1.2 per cent, a turnaround from the 0.1 per cent contraction in the previous quarter. This was better than the annualised 0.8 per cent median growth forecast of 12 market economists.
  • Singapore’s DBS Group has hired Morgan Stanley to find a partner to sell life insurance products in Asia under a new deal, after its pact with Aviva ends in 2015, people with direct knowledge of the matter said. Singapore and Hong Kong – two of DBS’s strongest markets – are seen as profitable for insurers due to their status as Asia’s main wealth management centres and an ageing population.
  • SINGAPORE shares ended lower on Tuesday with the benchmark Straits Times Index down 3.01 points to close at 3,199.14. Volume was 1.26 billion shares worth S$949.4 million. Losers outnumbered gainers 282 to 159.
  • IN LINE with efforts to develop its e-commerce business, SingPost is spending S$182 million to set up an e Commerce Logistics Hub, which will be ready by the second half of 2016. Located in Tampines LogisPark, the three-storey, 553,000-sq ft facility will have a fully automated parcel-sorting facility and two warehousing floors.
  • The chief executive of China International Capital Corp (CICC), Levin Zhu, the son of the country’s former premier Zhu Rongji, has resigned from his position, the firm said a statement on Tuesday. Zhu is credited with building up China’s first investment bank on the strength of his connections. CICC was established in 1995 as a joint venture between China Construction Bank Corp and Morgan Stanley. Morgan Stanley walked away from the joint venture after receiving approval for the sale of its stake in CICC in 2010. – Reuters
  • CHINA’S exports jumped by double digits in September, but there was no burst of enthusiasm from analysts still concerned about the country’s anaemic domestic demand.
  • While exports surged an impressive 15.3 per cent – up from August’s 9.4 per cent – imports too rose an encouraging 7 per cent, reversing two months of consecutive contraction, according to figures from the General Administration of Customs.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.200 TG 9.280, 9.380, 9.500 SL 9.100

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

14Oct

Comex Commodity Trading Signals and Market News – 14 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rebounded mildly in Asia on Tuesday, but with a weak tone as investors eyed the dollar. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,236.10 a troy ounce, up 0.06%, after hitting an overnight session low of $1,223.60 and off a high of $1,238.00.Overnight, gold futures moved higher after a key Federal Reserve official suggested rate hikes in the U.S. may come later than once anticipated, which softened the dollar. Gold and the dollar tend to trade inversely with one another.

Natural gas futures edged higher on Monday as updated weather-forecasting models called for a storm system to trek across the U.S. and bring cooling temperatures in its wake, which should drive demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.84% at $3.892 per million British thermal units during U.S. trading. The commodity hit a session low of $3.820, and a high of $3.899. The November contract settled up 0.36% on Friday to end at $3.859 per million British thermal units. Natural gas futures were likely to find support at $3.815 per million British thermal units, last Thursday’s low, and resistance at $4.184, the high from Oct. 1.

• U.S. stocks tumbled on Monday amid ongoing fears that a cooling global economy will water down U.S. third-quarter earnings. t the close of U.S. trading, the Dow 30 fell 1.35%, the S&P 500 index fell 1.65%, while the NASDAQ Composite index fell 1.46%. The Volatility S&P 500 index, which measures the outlook for market volatility, was up 16.01% at 24.64. Wall Street stocks took fresh beatings on Monday amid fears softening European and Asian economies could slow U.S. business concerns overseas.

Crude futures fell on Monday on news OPEC may not move to shore up global oil prices by trimming output at its next meeting. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 0.33% at $85.54 a barrel during U.S. trading. New York-traded oil futures hit a session low of $84.09 a barrel and a high of $85.84 a barrel. The November contract settled up 0.06% at $85.82 a barrel on Friday. Nymex oil futures were likely to find support at $83.59 a barrel, Friday’s low, and resistance at $91.79 a barrel, the high from Oct. 3.OPEC will hold its next meeting on Nov. 27. Elsewhere, a weaker dollar supported prices.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1236 TGT 1240,1245 SL 1231
  • SELL GOLD BELOW 1228 TGT 1224,1219 SL 1233

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

14Oct

IForex Market Trading Signals and News – 14 October 2014

TRADING TIPS :

  • Forex-Bitcoin rebound continues as prices rise to $380-level .
  • Forex-Dollar little changed vs. rivals in holiday-thinned trade.
  • Forex- GBP/USD edges higher in quiet trade

GBP/USD
GBP/USD hit 1.6126 during European morning trade, the session high; the pair subsequently consolidated at 1.6089, adding 0.09% Cable was likely to find support at 1.6006, Friday’s low and resistance at 1.6227, the high of October 9.Market sentiment was hit last week after the International Monetary Fund cut its forecasts for global growth in 2014 and 2015 and warned that global growth may never reach its pre-crisis levels ever again .The pound edged higher against the U.S. dollar in quiet trade on Monday, with U.S. markets to remain closed for Columbus Day and although global growth concerns persisted.

USD/JPY
USD/JPY traded at 107.14, down 0.47%, Markets in Japan are to remain closed for a national holiday. China’s trade balance showed September exports up 15.3%, above the 11.8% expected and imports increased 7.0%, above the 2.7% decline seen while the trade balance was a surplus of $31 billion, lower than the $41 billion forecast. edged down 0.09% to trade at 107.54 as market sentiment was hit by global growth concerns after the International Monetary Fund cut its forecasts for global growth in 2014 and 2015 and warned that global growth may never reach its pre-crisis levels ever again.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6143-TG:1.6163/1.6193 SL 1.6113
2. Sell GBP/USD Below 1.6085-TG:1.6065/1.6035 SL 1.6115

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

13Oct
sgx 14 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 14 October 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Monday with the benchmark Straits Times Index down 21.72 points to close at 3202.15. Volume was 1.27 billion shares worth S$947.6 million. Losers outnumbered gainers 396 to 84.
  • Hong Kong shares closed 0.24 per cent higher Monday as better-than-forecast Chinese trade data helped to erase an initial sell-off fuelled by fresh Wall Street losses.The Hang Seng Index added 54.84 points to 23,143.38 on turnover of HK$67.82 billion (US$8.75 billion).But in mainland China the benchmark Shanghai Composite Index fell 0.36 per cent, or 8.53 points, to 2,366.01 on turnover of 175.4 billion yuan (US$28.6 billion). The Shenzhen Composite Index, which tracks stocks on China’s second exchange, slipped 0.08 per cent, or 1.13 points, to 1,349.47 on turnover of 202.4 billion yuan.
  • SINGAPORE’S Central Provident Fund (CPF) system ranks top among similar social security systems in Asian countries, but it is Denmark’s well-funded pension system which has emerged the best globally. The 2014 Mercer Melbourne Global Pension Index identified Singapore’s CPF is a “sound structure, with many good features, but has some areas for improvement that differentiates it from an A-grade system”. The Singapore retirement system continues to score a grade of B, but is expected to be upgraded once shortcomings are addressed, said Neil Narale, Mercer’s Asean Retirement Business Leader.
  • INTERNATIONAL Enterprise (IE) Singapore and Singapore Business Federation (SBF) are leading a 20- member strong business delegation to Turkey to explore new business opportunities. The mission, which is held in conjunction with Prime Minister Lee Hsien Loong’s official visit to Turkey, will look at key sectors that Singapore players can participate in. These include the consumer electronics, medtech and infrastructure sectors. Valued at US$12.4 billion in 2013, Turkey’s consumer electronics is seen as a sector with great potential.
  • THE Housing & Development Board (HDB) has beaten eight other countries to win the international FutureGov Awards 2014 for service innovation, it said on Monday. The other countries are Australia, New Zealand, Indonesia, Malaysia, Thailand, the Philippines, India and the Republic of Maldives. HDB won the award for creating a new and improved customer experience through service personalisation at its Punggol branch.
  • China’s exports rose more than expected in September while imports unexpectedly improved, data showed on Monday, bringing the trade surplus to US$31 billion. Exports rose 15.3 per cent in September compared with a year ago, the General Administration of Customs said, beating a median forecast in a Reuters poll for a rise of 11.8 per cent.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 39.900 TG 40.200, 40.500, 40.900 SL 39.600

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

13Oct

Comex Commodity Trading Signals and Market News – 13 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in early Asia on Monday as investors sought the precious metal on uncertainty over the pace and timing of any Federal Reserve rate hike next year. Markets in Japan are to remain closed for a national holiday. China’s trade balance is scheduled with no release time available with exports seen up 11.8%, imports down 2.7% and a trade surplus of $41 billion seen. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,230.30 a troy ounce, up 0.41%, after hitting an overnight session low of $1,217.70 and off a high of $1,225.80. Gold futures edged lower on Friday after the dollar continued to see support on concerns the global economy may be slumping as the U.S. recovers, though dovish language out of the Federal Reserve this week cushioned losses.

• U.S. natural gas futures ended Friday’s session close to a one-month low, as market players monitored near-term weather forecasts to gauge the strength of demand for the fuel. On the New York Mercantile Exchange, natural gas for delivery in November tacked on 1.4 cents, or 0.36%, to settle at $3.859 per million British thermal units by close of trade on Friday. A day earlier, natural gas prices hit $3.815, a level not seen since September 12, before closing at $3.845, down 1.0 cent, or 0.26%. Futures were likely to find support at $3.786 per million British thermal units, the low from September 12, and resistance at $3.947, the high from October 8.

Crude oil futures fell to multi-year lows on Friday, before reversing losses to end the session modestly higher as investors returned to the market to seek cheap valuations. On the New York Mercantile Exchange, crude oil for delivery in November hit a daily low of $83.59 a barrel, a level not seen since July 2012. Nymex prices recovered to end the day at $85.82, up 5 cents, or 0.06%. For the week, New York-traded oil futures lost $3.92, or 4.36%, the fourth weekly decline over the past five weeks. Elsewhere, on the ICE Futures Exchange in London, Brent oil for November delivery fell to a session low of $88.11 a barrel on Friday, the weakest level since December 2010.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TGT 1239,1244 SL 1230
  • SELL GOLD BELOW 1228 TGT 1224,1219 SL 1233

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

13Oct
forex-trading3

IForex Market Trading Signals and News – 13 October 2014

TRADING TIPS :

  • Forex-Dollar edges higher as safe-haven demand strengthens.
  • Forex-Japanese yen retains strength after BoJ minutes, Aussie slumps.
  • Forex-GBP/USD slides lower despite positive U.K. trade data..

GBP/USD
GBP/USD hit 1.6044 during European morning trade, the pair’s lowest since Wednesday; the pair subsequently consolidated at 1.6058, sliding 0.37%.Cable was likely to find support at 1.6023, the low of October 7 and resistance at 1.6227, Thursday’s high.In a report, the U.K. Office for National Statistics said the trade deficit narrowed to £9.10 billion in August from £10.41 billion in July, whose figure was revised from a previously estimated deficit of £10.19 billion. Analysts had expected the trade deficit to narrow to £9.60 billion in August.The data came a day after the Bank of England voted to keep interest rates on hold at 0.5% and to keep the size of its asset purchase program unchanged at £375 billion.

USD/JPY
USD/JPY edged up 0.19% to trade at 108.03. Earlier Friday, the minutes of the Bank of Japan’s September 3-4 policy meeting showed that some members voiced concerns over possible adverse effects of additional stimulus measures. These concerns raised the prospect of the first policy split vote under BoJ Governor Haruhiko Kuroda’s mandate,even as the central bank head continues to emphasize his readiness to take fresh action to meet the BOJ’s 2% inflation target, if needed. On Tuesday, the BoJ left monetary policy unchanged at its policy meeting, but acknowledged that declining domestic demand as a result of a sales tax increase in April was leading to economic weakness.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6124-TG:1.6144/1.6174 SL 1.6094
2. Sell GBP/USD Below 1.6048-TG:1.6028/1.5998 SL 1.6078

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

13Oct
sgx 13 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 13 October 2014

MARKET UPDATES :

  • Singapore shares ended lower on Friday with the benchmark Straits Times Index down 35.38 points to close at 3,223.87. Volume was 1.23 billion shares worth S$966 million. Losers outnumbered gainers 358 to 98.
  • THE government will still keep a close watch on the inflow of foreign workers – even as no further major measures are planned to tighten the foreign worker policy. “We need to continue monitoring closely, to ensure that we stay on track in avoiding over-dependence on foreign workers,” Prime Minister Lee Hsien Loong said on Wednesday morning at the launch of the Productivity Month. Repeating what he said last week at the National University of Singapore Society Lecture, Mr. Lee said he did not expect further measures to squeeze the inflow of foreign workers.
  • PLANS by the Monetary Authority of Singapore (MAS) to strengthen the city-state’s real estate investment trust (Reit) market will provide a positive boost for the local Reit and property sector. In a report released on Friday, DBS Group Research said when passed, the proposals could result in lower fees as well as greater transparency and alignment between Reits and unit holders. “This should increase confidence and attractiveness of Reits to investors.
  • DBS Bank on Friday announced that it has joined the World Bank’s Global Infrastructure Facility (GIF) as an advisory partner. Launched on Thursday in Washington, the GIF aims to catalyse and mobilise private- sector investment in infrastructure projects in emerging markets. As an advisory partner, DBS will be involved in advising on project preparation, optimal approaches to financial structuring, and the design and use of risk instruments. This will help to ensure the suitability of emerging market infrastructure projects for commercial or institutional investment.
  • SINGAPORE will do its part to meet climate-change obligations, reduce carbon emissions and improve energy efficiency – even though these moves might impinge on the growth prospects of its energy and chemicals sector, a key growth driver.
  • Japan’s pro-casino lawmakers are set to tweak a proposed bill on casino legalisation to address concerns of a possible spike in gambling addiction, but have agreed to not propose banning Japanese nationals from casinos, a parliamentary source said.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.550 TG 2.590, 2.630 . 2.690 SL 2.490

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

10Oct

Comex Commodity Trading Signals and Market News – 10 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held nearly steady in Asia on Friday as investors weighed the prospects for a Federal Reserve rate hike in the coming year. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,224.40a troy ounce, down 0.02%, after hitting an overnight session low of $1,219.40 and off a high of $1,233.70. Gold prices firmed on the news, as the yellow metal has taken a pounding in recent sessions on speculation that interest rates were to set to rise sooner rather than later in 2015.

Natural gas prices edged lower on Thursday after weather-forecasting models called for seasonably mild temperatures to hold across much of the U.S., which should curb demand for both air conditioning and heating. On the New York Mercantile Exchange, natural gas futures for delivery in November were down 0.56% at $3.834 per million British thermal units during U.S. trading. The commodity hit a session low of $3.816, and a high of $3.940. The November contract settled down 2.58% on Wednesday to end at $3.855 per million British thermal units. Natural gas futures were likely to find support at $3.786 per million British thermal units, the low from Sept. 12, and resistance at $4.184, the high from Oct. 1.

Crude oil prices eased in early Asia on Friday as investors awaited fresh cues on demand prospects. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $84.69 a barrel, down 0.08%, after hitting an overnight session low of $86.25 a barrel and a high of $87.94 a barrel. Overnight, better-than-expected weekly U.S. claims numbers weakened oil prices on Thursday by strengthening the dollar. The U.S. Department of Labor reported earlier that the number of individuals filing for initial jobless benefits in the week ending Oct. 4 fell by 1,000 to 287,000 from the previous week’s revised total of 288,000.

Copper futures edged lower during European morning trade on Wednesday, as worries about the strength of global growth drove down prices. On the Comex division of the New York Mercantile Exchange, copper for December delivery traded at $3.025 a pound during European morning hours, down 1.4 cents, or 0.45%. A day earlier, copper prices tacked on 0.3 cents, or 0.12%, to settle at $3.039. Futures were likely to find support at $2.991, the low from October 6, and resistance at $3.049, the high from October 1.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1225 TGT 1229,1235 SL 1220
  • SELL GOLD BELOW 1217 TGT 1213,1208 SL 1222

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

10Oct
forex-trading3

IForex Market Trading Signals and News – 10 October 2014

TRADING TIPS :

  • Forex-Dollar slides lower as U.S. rate hike expectations subside.
  • Forex-Dollar slips vs. euro, yen after dovish Fed minutes.
  • Forex- GBP/USD remains near 1-week highs as BoE holds.

GBP/USD
GBP/USD hit 1.6216 during European morning trade, the pair’s highest since October 2; the pair subsequently consolidated at 1.6207, rising 0.25%. Cable was likely to find support at 1.6029, Wednesday’s low and resistance at 1.6251, the high of October 2.The dollar weekend broadly after the minutes of the Fed’s September 16-17 policy meeting released on Wednesday showed that a number of officials believe the bank’s current language painted the wrong picture on the timing of rate hikes and that an interest rate rise should be tied to U.S. economic progress. The report also showed that the U.S. central bank cut its growth outlook due to the higher dollar and concerns over global weakness

USD/JPY
USD/JPY remained near three week lows of 107.61 hit overnight, before pulling back slightly to trade a 107.79, down 0.23% for the day.Government data earlier showed that Japan’s core machinery orders rose 4.7% in August, more than the expected 1.1% increase, after a 3.5% gain in July. The dollar had rallied against the euro and the yen in recent months amid growing expectations that the Fed is growing closer to raising interest rates, while central banks in Japan and Europe are likely to stick to a looser monetary policy stance.The Bank of Japan left monetary policy unchanged at its policy meeting on Tuesday, but acknowledged that declining domestic demand as a result of a sales tax increase in April was leading to economic weakness.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6245-TG:1.6265/1.6295 SL 1.6215
2. Sell GBP/USD Below 1.6177-TG:1.6157/1.6127 SL 1.6207

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

9Oct
sgx 10 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 10 October 2014

MARKET UPDATES :

  • HOUSING and Development Board (HDB) resale prices could have fallen in an eighth consecutive month, going by flash estimates from the Singapore Real Estate Exchange (SRX). The data shows HDB resale prices dipped 0.5 per cent in September from the earlier month, dragged down by price declines in three- room, four-room and five-room resale flats. Executive flat prices bucked the trend by inching up 0.1 per cent.
  • SALE transactions of strata-titled industrial properties in the third quarter have fallen by about 36 per cent quarter-on-quarter to 203, according to caveats from URA Realis. The fall is even more significant compared to the 672 strata-titled units that were sold in the same period last year, said DTZ. So far, there has been 842 transactions this year. This is much lower than the 1,986 transactions registered in the same period last year.
  • THE Monetary Authority of Singapore (MAS) on Thursday published a consultation paper containing a set of proposals to strengthen Singapore’s real estate investment trust (Reit) market. “The proposals will enhance the transparency and corporate governance of the Reit market,” it said.
  • INVESTORS are flocking to take cover under Singapore bonds umbrella amid gathering clouds over the global economy. Even the weakening Singapore dollar has failed to dent their enthusiasm for the fixed income securities, in particular government bonds. While the Singapore currency fell 0.71 per cent against the US dollar last week, the Singapore Fixed Income (SFI) Index gained 0.22 per cent over the same period. The equity market, as measured by the Straits Times Index (STI), declined 1.18 per cent.
  • THE International Monetary Fund (IMF) has issued a guarded assessment of global economic prospects for the coming year, and warned that financial markets could be “under-pricing risk” in an environment in which easy-money policies may have bred a false sense of security. The potential growth of the global economy appears slower than a decade ago, so it is unlikely to go back to the rates achieved before the global financial crisis – even with the aid of monetary stimulus, it said. An uneven global recovery is underway, said the IMF in its twice-yearly World Economic Outlook (WEO). In it, it revised down the 2014 growth forecast for the global economy from 3.7 per cent to 3.3 per cent; the forecast for next year is 3.8 per cent.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.400 TG 9.460, 9.530, 9.630 SL 9.300

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

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