9Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 March 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended +22.24 points higher or +0.66% to 3417.51, taking the year-to-date per- formance to +1.56%.
  • The FTSE ST Mid Cap Index gained +0.21% while the FTSE ST Small Cap Index declined -0.38%. The top active stocks were SingTel (+1.70%), DBS (+0.98%), Noble (+4.98%), Keppel Land (-0.22%) and Genting Singapore (- 2.63).
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+1.52%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+1.70%) and StarHub (unchanged). The underperforming sector was the FTSE ST Health Care Index, which declined -0.55% with Raffles Medical Group’s share price declining -0.51% and Biosensors International Group’s share price declining -0.77%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (+0.59%), iShares USD Asia HY Bond ETF (-0.85%), SPDR Gold Shares (-0.42%).
  • The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.94%), Ascen- das REIT (-0.40%), CapitaCom Trust (+0.28%).
  • The most active index warrants by value today were HSI25000MBeCW150429 (-4.12%), HSI24200M- BePW150429 (+0.60%), HSI24400MBeCW150429 (-2.99%).

STOCK RECOMMENDATION :

  • BUY UTD ENGRS AT 2.780 – 2.785 TARGET 2.810 2.860 SL 2.700

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

5Mar

Comex Trading Signals and Market News – 05 March 2015

INTERNATIONAL COMMODITY NEWS :

Gold futures showed nervousness ahead of release of a batch of economic data such as ADP employment report, Fed’s Beige book and US ISM non-manufacturing index slated to come out later today. US gold slipped for the straight third session triggered by higher dollar values .The US dollar climbed to its highest level since September 2003 on Wednesday ahead of closely-watched jobs data and the European Central Bank meeting later in the week. COMEX Gold for the April delivery quotes at $1,203.80 an ounce, down $.60 and the Silver May delivery quotes at $16.278, down 1.8 cents an ounce.

Oil prices was silent in the early European trades on Wednesday from the previous session’s tumble, lifted by fighting that threatened Libya’s oilfields. On the New York Mercantile Exchange, the price of WTI crude oil for delivery in April was quoted at $50.56 a barrel, up 4 cents. Oil prices was silent in the early European trades on Wednesday from the previous session. The American Petroleum Institute said that crude oil stocks rose 2.9 million barrels last week, while distillates fell 296,000 barrels and gasoline stocks gained 530,000 barrels. The figures set the tone for more closely watched data from the U.S. Department of Energy due on Wednesday. Oil prices was silent in the early European trades on Wednesday from the previous over aggressive, oil prices surged on Tuesday, moving up sharply during Israeli Prime Minister Benjamin Netanyahu’s address in front of Congress, before falling slightly back, as futures continued on a volatile path.

Copper prices declined for the second consecutive session on Wednesday, as investors looked ahead to the start of China’s National People’s Congress annual meeting on Thursday. The Asian nation is the world’s largest copper consumer, accounting for almost 40% of world consumption last year. On the Comex division of the New York Mercantile Exchange, copper for May delivery slumped 1.7 cents, or 0.64%, to trade at $2.640 a pound during European morning hours. Futures were likely to find support at $2.616, the low from February 25, and resistance at $2.695, the high from March 3.A day earlier, copper lost 4.1 cents, or 1.52%, to settle at $2.656 a pound, as concerns over the health of China’s economy and a broadly stronger U.S. dollar dampened the appeal of the red metal.

• U.S Natural gas prices rallied sharply on Wednesday, as a blast of frigid winter weather was expected to boost near-term fuel demand. According to weather forecasting models, the Eastern half of the U.S. was expected to see heavy snow and freezing temperatures through March 7, in what was expected to be the last major system of the winter. At least 30 states were under winter weather alerts on Wednesday, affecting nearly 120 million Americans. Bullish speculators are betting that colder weather will increase demand for the heating fuel. Approximately 49% of U.S. households use natural gas for heating, according to the Energy Department.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1205.5 TARGET 1210.50 1216.50 SL 1199.50
  • SELL GOLD BELOW 1199 TARGET 1194 1188 SL 1205

For more information about Comex Commodity Market Trading or Signals, please visit EPIC RESEARCH PRIVATE LIMITED.

5Mar
forex-trading3

IForex Market Trading Signals and News – 05 March 2015

TRADING TIPS :

  • Forex-Dollar steady against euro, yen before U.S. data, ECB.
  • Forex-Aussie gains after Q4 GDP meets expectations, consumer spend up.
  • Forex-Pound slips to 2-week lows after services PMI slows.

GBP/USD
GBP/USDeased 0.12% to 1.5342 from around 1.5358 ahead of the data,the services purchasing managers’ index ticked down to 56.7 from 57.2 in January. Economists had expected the index to rise to 57.5.On the index, a level above 50.0 indicates expansion in the industry, below 50.0 indicates contraction.“Although the rate of expansion slowed in the vast services economy, growth has picked up in both manufacturing and construction,” Chris Williamson, chief economist at survey compilers Markit said.”The three PMI surveys collectively indicated a slight acceleration in economic growth for a second successive month in February as a result, consistent with GDP growth picking up to 0.6% in the first quarter.”

EUR/USD
EUR/USD was at five-week lows of 1.1163,The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 95.50, not far from 11-year peaks.The dollar has strengthened so far this year as upbeat economic data indicated that the economic recovery was on track, supporting expectations for higher interest rates.The U.S. was to release survey data on service sector activity and a report on private sector jobs growth later Wednesday, ahead of Friday’s nonfarm payrolls report.The euro remained under pressure as investors turned their attention to the upcoming ECB meeting on Thursday, when it was expected to announce details of its quantitative easing program, which is due to start this month.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5366-TG: 1.5386/1.5416 SL 1.5336
2. Sell GBP/USD Below 1.5292-TG: 1.5272/1.5242 SL 1.5322

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

5Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 05 March 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended -6.58 points lower or -0.19% to 3415.53, taking the year-to-date perform- ance to +1.50%.
  • The FTSE ST Mid Cap Index gained +0.09% while the FTSE ST Small Cap Index gained +0.15%. The top active stocks were SingTel (-0.48%), DBS (+1.09%), UOB (-0.43%), ComfortDelGro (unchanged) and Noble (-0.99%).
  • The outperforming sectors today were represented by the FTSE ST Technology Index (+1.53%). The two big- gest stocks of the FTSE ST Technology Index are Silverlake Axis (+2.86%) and STATS ChipPAC (unchanged). The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which declined – 0.54% with CapitaMall Trust’s share price declining -1.85% and Ascendas REIT’s share price declining -1.59%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-0.12%), IS- HARES USD Asia HY Bond ETF (-0.75%), DBXT MSCI China TRN ETF (-2.30%).
  • The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-1.85%), Ascen- das REIT (-1.59%), Suntec REIT (+0.52%).
  • The most active index warrants by value today were HSI25000MBeCW150330 (-26.87%), HSI24400M- BePW150330 (+25.00%), HSI25000MBeCW150429 (-13.74%).

STOCK RECOMMENDATION :

  • BUY TALKMED AT 1.060 – 3.005 TARGET 3.050 3.150 SL 2.950

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

4Mar

IForex Market Trading Signals and News – 04 March 2015

TRADING TIPS :

  • Forex-Dollar turns broadly lower in quiet trade.
  • Forex-EUR/USD hits 1-month lows with ECB in focus.
  • Forex-GBP/USD holds steady after U.K. construction data.

GBP/USD
GBP/USD hit 1.5398 during European morning trade, the session high; the pair subsequently consolidated at 1.5371.U.K. construction purchasing managers’ index increased to 60.1 last month from a reading of 59.1 in January. Economists had expected the index to tick down to 59.0 in February. “Housing, commercial and civil engineering activity all expanded at the quickest rates since last October, helped by sharp rises in new business volumes and an improving economic backdrop.”The dollar had rallied broadly on Monday after data showed that U.S. manufacturing activity continued to expand in February supported expectations for higher interest rates.

EUR/USD
EUR/USD hit 1.1155 during European afternoon trade, the pair’s lowest since January 26; the pair subsequently consolidated at 1.1164, shedding 0.18%.The single currency found some support after Spain’s Employment Ministry reported that the number of unemployed people declined by 13,500 last month, compared to expectations for an increase of 10,500. The number of unemployed people rose by 78,000 in January.Data also showed that German retail sales jumped 2.9% in January, easily outstripping forecasts for a 0.4% increase.The euro’s gains were limited however, as investors remained cautious ahead of the upcoming European Central Bank meeting on Thursday, when it was expected to announce details of its quantitative easing program.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5396-TG: 1.5416/1.5446 SL 1.5366
2. Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365

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

4Mar

Comex Trading Signals and Market News – 04 March 2015

INTERNATIONAL COMMODITY NEWS :

• Prices for gold futures fell precipitously on Tuesday, as the U.S. Dollar Index reached its highest level in more than 11 years. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell $5.00 or 0.41% to $1,203.20 a troy ounce, as future prices wavered on a see-saw day of trading. Prices fell below a seven-week low of $1,195 an ounce during European trading, before rebounding to near $1,215 during early trading on U.S. markets. Gold prices then plunged shortly ahead of Benjamin Netanyahu’s address in front of Congress, before remaining steady during the Israeli prime minister’s speech.

Crude oil prices were quoted higher in Asia on Wednesday after industry data showed U.S. oil inventories mixed in the past week. The American Petroleum Institute said that crude oil stocks rose 2.9 million barrels last week, while distillates fell 296,000 barrels and gasoline stocks gained 530,000 barrels. The figures set the tone for more closely watched data from the U.S. Department of Energy due on Wednesday. On the New York Mercantile Exchange, the price of WTI crude oil for delivery in April was quoted at $50.29 a barrel, up 0.40%. Overnight, oil prices surged on Tuesday, moving up sharply during Israeli Prime Minister Benjamin Netanyahu’s address in front of Congress, before falling slightly back, as futures continued on a volatile path.

• U.S. natural gas prices turned higher on Tuesday after hitting a three-week low earlier, as investors 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 April touched a session low of $2.649 per million British thermal units, a level not seen since February 10, before trading at $2.713 during U.S. morning hours, up 1.5 cents, or 0.54%. Futures were likely to find support at $2.638 per million British thermal units, the low from February 10, and resistance at $2.753, the high from March 2. A day earlier, natural gas for delivery in April fell 3.6 cents, or 1.32%, to close at $2.698, as extended forecasts called for warmer weather across the majority of the U.S. in the second week of March. Bearish speculators are betting on the warm weather reducing late-winter demand for the heating fuel.

Copper prices fell sharply on Tuesday, one day after hitting the highest level in seven weeks as concerns over the health of China’s economy dampened demand for the red metal. The Asian nation is the world’s largest copper consumer, accounting for almost 40% of world consumption last year. On the Comex division of the New York Mercantile Exchange, copper for May delivery tumbled 4.1 cents, or 1.5%, to trade at $2.657 a pound during European morning hours A pair of manufacturing reports released earlier in the week painted a mixed picture of the health of China’s manufacturing sector. The final February HSBC manufacturing index published on Monday ticked up to 50.7, above the flash reading of 50.1.In contrast, the official China’s manufacturing purchasing managers’ index released on Sunday showed that activity in China’s factory sector contracted for a second straight month in February.

TRADING STRATEGY

  • BUY GOLD ABOVE 1208 TARGET 1213 1219 SL 1202
  • SELL GOLD BELOW 1201 TARGET 1196 1190 SL 1207

For more information about Comex Commodity Market Trading or Signals, please visit EPIC RESEARCH PRIVATE LIMITED.

4Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 March 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended +18.22 points higher or +0.54% to 3422.11, taking the year-to- date performance to +1.69%.
  • The FTSE ST Mid Cap Index gained +0.29% while the FTSE ST Small Cap Index declined -0.22%. The top active stocks were DBS (-0.10%), SingTel (-1.42%), Noble (+6.88%), Golden Agri-Res (+3.75%) and UOB (+0.61%).
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+2.42%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (+4.76%) and Geo Energy Resources (unchanged). The underperforming sector was the FTSE ST Technology Index, which declined -2.67% with Silverlake Axis ’ share price declining -4.67% and STATS ChipPAC ’s share price declining +1.04%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+1.11%), iShares USD Asia Bond ETF (+0.47%), SPDR Gold Shares (-0.81%).
  • The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (unchanged), Suntec REIT (-0.77%), CapitaMall Trust (+0.47%).
  • The most active index warrants by value today were HSI25000MBeCW150330 (-20.24%), HSI24400MBePW150330 (+21.05%), HSI25000MBeCW150429 (-12.67%)

STOCK RECOMMENDATION :

  • BUY SEMBCORP AT 3.000 – 3.005 TARGET 3.050 3.150 SL 2.950

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

3Mar

Comex Trading Signals and Market News – 03 March 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady to lower in early Asia on Tuesday as investors eyed easy monetary policy in China and continued import restriction in India On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell 0.02% to $1,206.40 a troy ounce. Overnight, gold prices slipped on Monday afternoon, after reaching a two-week high, amid conflicting reports about demand from the world’s two largest purchasers of the precious metal. Gold initially rose in morning trading following the release of a spate of economic data in China. For the month of February, the HSBC China Manufacturing PMI rose to 50.7 — up a point from 49.7 in January. China also cut its benchmark interest rate for the second time in less than four months, as a number of economists expect more easing measures to follow throughout the remainder of the year.

Crude oil prices gained marginally in Asia nob Tuesday ahead of U.S. industry data on supplies that will set a tone. The American Petroleum Institute will release its estimate of U.S. crude, distillate and gasoline stockpiles last week, with more closely watched data from the U.S. Department of Energy due on Wednesday. On the New York Mercantile Exchange, crude oil for delivery in April rose 0.18% to trade at $49.83 a barrel. Overnight, West Texas Intermediate oil futures shook off earlier weakness on Monday to trade higher as traders digested the latest batch of U.S. economic data in their quest to gauge the strength of the economy. The Institute for Supply Management said its index of purchasing managers fell to a 13-month low of 52.9 in February from a reading of 53.5 in January.

• U.S. natural gas prices traded near a two-week low on Monday, as extended forecasts called for warmer weather across the majority of the U.S. in the second week of March. On the New York Mercantile Exchange, natural gas for delivery in April dipped 0.5 cents, or 0.2%, to trade at $2.729 per million British thermal units during U.S. morning hours. Prices held in a range between $2.692 and $2.744.Bearish speculators are betting on the warm weather reducing late-winter demand for the heating fuel. The heating season from November through March is the peak demand period for U.S. gas consumption.

Copper prices rose to a seven-week high on Monday, after China’s central bank unexpectedly cut interest rates for the second time in less than four months, indicating that Beijing is becoming more aggressive in supporting the economy as its momentum slows and deflation risks rise. The Asian nation is the world’s largest copper consumer, accounting for almost 40% of world consumption last year. On the Comex division of the New York Mercantile Exchange, copper for May delivery jumped 1.5 cents, or 0.55%, to trade at $2.706 a pound during European morning hours after hitting an intraday high of $2.716, the most since January 13.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1212 TARGET 1217 1223 SL 1206
  • SELL GOLD BELOW 1203 TARGET 1197 1191 SL 1209

For more information about Comex Commodity Market Trading or Signals, please visit EPIC RESEARCH PRIVATE LIMITED.

3Mar
forex-trading3

IForex Market Trading Signals and News – 03 March 2015

TRADING TIPS :

  • Forex-Dollar edges up slightly against euro amid continued Greek instability
  • Forex-GBP/USD trims losses on upbeat U.K. manufacturing PMI.
  • Forex-USD/JPY inches above 120 for the first time since mid-February

GBP/USD
GBP/USD pulled away from 1.5385, the pair’s lowest since February 27, to hit 1.5409 during European morning trade, still down 0.19%.The pound trimmed losses against the U.S. dollar on Monday, after data showed that U.K. manufacturing activity expanded at the fastest rate in seven months in February, although demand for the greenback remained broadly supported by Friday’s U.S. growth report. Cable was likely to find support 1.5332, the low of February 23 and resistance at 1.5539, the high of February 25. In a report, market research group Markit said that its U.K. manufacturing purchasing managers’ index rose to 54.1 last month from a reading of 53.1 in January. Analysts had expected the index to inch up to 53.4 in February.

USD/JPY
USD/JPY reached a high of ¥120.26 on Monday, moving above the 120.00 for the first time since Feb. 12. The pair likely gained support at $108.16 the low from late-October and resistance at 120.67, the high from Dec. 29.edged above 120.00 for the first time since mid-February in spite of disappointing U.S. economic data. The release of disappointing economic data in the United States prevented any further gains against the yen. The Institute of Supply Management’s Index of National Factory Activity fell to 52.9 for the month of February from a reading of 53.5 a month earlier. It marked the lowest level of U.S. manufacturing growth since January, 2014. Japan is currently the fourth-largest trading partner with the United States. In 2013, the last measure of yearly international trading data.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5415-TG: 1.5435/1.5465 SL 1.5385
2. Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365

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

3Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 03 March 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended +1.03 points higher or +0.03% to 3403.89, taking the year-to-date per- formance to +1.15%.
  • The FTSE ST Mid Cap Index declined -0.39% while the FTSE ST Small Cap Index declined -1.14%. The top ac- tive stocks were SingTel (+0.47%), DBS (-1.48%), OCBC Bank (-0.86%), Noble (-3.08%) and UOB (-0.04%).
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index (+0.68%).The two biggest stocks of the FTSE ST Consumer Goods Index are Willmar International (+0.31%) and Thai Beverage (+2.14%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -3.44% with Midas Holdings’ share price gaining +1.61% and Geo Energy Resources’ share price declining -1.57%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (-0.29%), IS MSCI India (+0.37%), SPDR Gold Shares (+1.10%).
  • The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.62%), Capita- Com Trust (-0.57%), CapitaMall Trust (+1.90%).
  • The most active index warrants by value today were HSI25000MBeCW150330 (-7.69%), HSI24200M- BePW150429 (-3.94%), HSI24400MBePW150330 (-7.32%).

STOCK RECOMMENDATION :

  • BUY TALKMED AT 1.055 – 1.060 TARGET 1.100 1.150 SL 1.000

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

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