13Nov
forex-market-hours

IForex Market Trading Signals and News – 13 November 2014

TRADING TIPS :

  • Forex- Pound hits session lows after dovish BoE inflation report.
  • Forex- Pound off lows after UK jobs report, BoE ahead.
  • Forex- Dollar slips against yen, backs off 7-year highs.

EUR/USD
EUR/USD hit 1.2394 during European morning trade, the session low; the pair subsequently consolidated at 1.2451, shedding 0.20%. The pair was likely to find support at 1.2357, the low of November 7 and a 26-month low and resistance at 1.2568, the high of November 5.In a report, Eurostat said industrial production in the euro zone increased by 0.6% in September, below forecasts for a gain of 1.0%. Industrial production in August fell by 1.4%. Year-on-year, industrial production inched up 0.6% in September from a year earlier, compared to expectations for a 0.2% decline and after dropping at a rate of 0.5% in the preceding month.Meanwhile, demand for the dollar continued to be underpinned by expectations that the recovery in the U.S. will outstrip other major economies

USD/JPY
USD/JPY was down 0.41% to 115.28, off the highs of 116.09 struck overnight, the most since October 2007. The yen found support after a Japanese government spokesman said Wednesday it is up to the prime minister to decide when to call elections.The yen weakened on Tuesday amid speculation that Prime Minister Shinzo Abe could call a snap election in December. Speculation that the prime minister could postpone a proposed sales tax increase, scheduled for October 2015 also weighed.A win for Abe would indicate continued support for his for his economic and fiscal policies, which call for a weaker yen.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2504-TG:1.2524/1.2454 SL 1.2474
2. Sell EUR/USD Below 1.2438-TG:1.2418/1.2388 SL 1.2468

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

13Nov
sgx 13 nov

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

MARKET UPDATES :

  • SINGAPORE shares ended 0.26 per cent lower on Wednesday with the Straits Times Index slipping 8.44 points to 3,283.71. Some 99.9 million shares, valued at S$1.02 billion were traded. Gainers numbered 195 while losers numbered 219.
  • SINGAPORE share prices opened flat on Wednesday with the Straits Times Index up 0.63 points to 3,292.78 in early trade. Volume was 78.4 million shares worth S$108.5 million. Gainers outnumbered losers 91 to 65.
  • THE OW Bunker fraud case that hit Singapore’s bunkering industry last week may not have caused major disruptions to fuel supply in ports here, but the financial fallout may yet unsettle the industry as companies start making their credit claims. Already, at least two oil traders are said to be filing legal claims.
  • A JOINT venture formed by companies linked to China’s state-owned conglomerate Citic Group and American private equity firm KKR has made an offer to acquire at least a majority stake in Singapore- listed United Envirotech Ltd (UEL) at S$1.65 a share.
  • THIS year’s Apec Summit in Beijing has delivered major outcomes, in particular a road map towards a trade liberalization framework called the Free Trade Area of the Asia Pacific (FTAAP) and a connectivity blueprint that provides the prerequisite for regional economic integration,
  • ASEAN must double its productivity growth to make the most of globalization, urbanization and digital technology to lift its growth to a new level, said a study issued on the eve of the meeting of the leaders of the economic grouping here. The study, released on Tuesday by the McKinsey Global Institute and titled “South-east Asia at the Crossroads: Three Paths to Prosperity”, noted that economic development in the 10-member grouping has so far been backed largely by an expanding labour force, in particular, the shift of workers from agriculture to industry.
  • PRIVATE rental prices continued to fall in October, marking the ninth consecutive monthly decline in rental prices as rents dipped 0.9 per cent month on month, according to SRX Property. Prices have decreased 5.1 per cent since January, SRX said in its flash report on the Non-landed Private Residential Price Index for Rentals. Meanwhile, rents were down 5.3 per cent year on year in October.
  • STANDARD Chartered Bank has no plans to close any branches in Singapore, The Business Times understands, as the UK-based bank targets to shutter up to 100 branches or 8 per cent of its network to improve profits.

STOCK RECOMMENDATION :

  • SELL CAPITALAND LTD BELOW 3.14 TGT3.3.12 ,3.09 SL 3.16

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

12Nov

Comex Commodity Trading Signals and Market News – 12 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady in Asia early Wednesday with investors on the sidelines awaiting new demand cues. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,163.70 a troy ounce, down 0.03%, after hitting an overnight session low of $1,145.60 and off a high of $1,165.70. Overnight, gold prices moved higher on Tuesday on a double shot of rising physical demand and a weaker dollar.

Natural gas futures edged lower on Tuesday as investors priced in blasts of cold air to trek across the U.S. in the coming days and sold the commodity for profits amid uncertain longer-term U.S. weather forecasts. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 0.60% at $4.230 per million British thermal units during U.S. trading. The commodity hit a session low of $4.125, and a high of $4.297. The December contract settled down 3.56% on Monday to end at $4.255 per million British thermal units.

Crude oil prices rebounded marginally in early Asia on Wednesday with events in Libya a focus. On the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded at $77.56 a barrel, up 0.05%, after hitting an overnight session low of $76.45 a barrel and off a high of $77.65 a barrel.

Copper futures fell to a one-week low on Tuesday, as a broadly stronger U.S. dollar and speculation slowing economic growth in China will dampen demand for the industrial metal weighed. On the Comex division of the New York Mercantile Exchange, copper for December delivery hit a daily low of $2.991 a pound, the weakest level since November 5. Copper last traded at $2.995 a pound during European morning hours, down 2.5 cents, or 0.83%. A day earlier, copper futures lost 1.8 cents, or 0.61% to settle at $3.020 a pound.

• Brent oil futures sank to the lowest level in more than four years on Tuesday, as ongoing concerns over a glut in world markets continued to drive prices lower. On the ICE Futures Exchange in London, Brent for January delivery fell to a daily low of $81.83 a barrel, a level not seen since October 2010. Prices recovered to last trade at $82.36 a barrel during European morning hours, down 59 cents, or 0.71%. A day earlier, London-traded Brent futures lost $1.02, or 1.21%, to settle at $82.95 a barrel.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1165 TGT 1169,1174 SL 1160
  • SELL GOLD BELOW 1160 TGT 1156,1151 SL 1165

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

12Nov
forex-trading3

IForex Market Trading Signals and News – 12 November 2014

TRADING TIPS :

  • Forex- Euro nears 26-month lows against dollar.
  • Forex- Dollar hits fresh 7-year highs vs. yen.
  • Forex- Euro pushes higher against dollar.

EUR/USD
EUR/USD slipped 0.15% to 1.2399, not far from last Friday’s lows of 1.2356, the weakest since August 2012. The dollar slid in the previous two sessions after Friday’s softer than expected U.S. jobs report prompted a bout of profit taking to lock in gains after the greenbacks recent run higher. The dollar has rallied over the past two months as broadly stronger economic data fuelled expectations that the Federal Reserve will raise interest rates sometime in 2015.In contrast, central banks in Japan and the euro zone are likely to stick to a looser monetary policy stance in a bid to spur growth and inflation.The European Central Bank reiterated its pledge late last week to implement further stimulus measures if needed to combat persistently low levels of inflation in the euro area.

USD/JPY
USD/JPY hit highs of 115.86, the most since October 2007 and was last up 0.81% to 115.76. Speculation that Japan’s government may postpone a planned sales tax increase boosted risk appetite and fuelled strong gains in Asian equities overnight, curbing investor demand for the Japanese currency. Demand for the dollar was also underpinned by expectations that the recovery in the U.S. will outpace other major economies.The dollar slid in the previous two sessions after Friday’s softer than expected U.S. jobs report prompted a bout of profit taking to Lock in gains after the greenbacks recent run higher.The dollar has rallied over the past two months as broadly stronger economic data fuelled expectations that the Federal Reserve will raise interest rates sometime in 2015.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2448-TG:1.2468/1.2498 SL 1.2418
2. Sell EUR/USD Below 1.2385-TG:1.2365/1.2335 SL 1.2415

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

12Nov
sgx 12 nov 14

Financial Sgx Singapore Stock Market Trading Picks And News – 12 November 2014

MARKET UPDATES :

  • SINGAPORE shares ended 0.27 per cent lower on Tuesday with the Straits Times Index slipping 8.85 points to 3,292.15. Some 1.15 billion shares, valued at S$989.1 million were traded. Gainers numbered 150 while losers numbered 242.
  • SINGAPORE’S public accountants and public accounting firms will soon have to adhere to stricter professional conduct and ethics guidelines aimed at greater audit independence. The Accounting and Corporate Regulatory Authority (Acra), the industry’s regulator, announced on Monday that the Code of Professional Conduct and Ethics (Code) for public accountants and accounting entities will be strengthened further from Feb 1, 2015.
  • SINGAPORE banks are expected to step up their foreign currency bond sales to fund increasing intra- regional expansion. This comes as Asean banks step up bond issuances overall, as loans growth outpace deposit inflows, said Moody’s Investors Service in a report on Monday. Banks in Singapore and Malaysia have increasing foreign-currency funding requirements arising from their active pursuit of intra-regional expansion, added Moody’s.
  • THE Inland Revenue Authority of Singapore (IRAS) will be extending e-filing to all companies, regardless of annual revenue, from next year. This means that larger companies that file the Corporate Income Tax Form (Form C) will be able to do so online, which will cut compliance costs as well as raise productivity and efficiency, IRAS highlighted.
  • A creditor of bankrupt OW Bunker is preparing a lawsuit in Singapore seeking to reclaim its money, court documents showed, as the fallout from the collapse of the world’s largest marine fuel supplier begins to ripple through the sector. In a separate case, court documents showed a second ship fuel company, Vanguard Energy Pte Ltd, filed for bankruptcy in the city state on Oct. 29, a week before OW Bunker said it had been driven to insolvency by suspected fraud at its Singapore trading unit.
  • Singapore’s Maritime and Port Authority (MPA) said on Tuesday that it expects minimal disruption to supplies of bunker shipping fuel in the country’s port following the bankruptcy of Denmark’s OW Bunker. “There are currently more than 60 bunker suppliers in Singapore, and OW Bunker Far East (Singapore) Pte Ltd accounted for less than three per cent of the 42.6 million metric tonnes supplied in Singapore in 2013,” the MPA said in a statement.
  • CONSUMER confidence in Singapore climbed to its highest levels in three years, driven by an optimism in future job prospects and a positive outlook on personal finances. According to the latest Consumer Confidence Index by Nielsen, consumer confidence levels in Singapore

STOCK RECOMMENDATION :

  • SELL UNITED OVERSEAS BANK BELOW 23.00 TGT 22.85, 22.55 SL 23.20

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

11Nov

Comex Commodity Trading Signals and Market News – 11 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rebounded in Asia on Tuesday as physical demand bolstered the market. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,152.60 a troy ounce, up 0.18%, after hitting an overnight session low of $1,152.50 and off a high of $1,177.40. Overnight, gold fell on Monday after investors took a fresh take on Friday’s soft October jobs report and determined the data was not weak enough to convince the Federal Reserve to keep policy loose for longer to ensure recovery.

Natural gas futures edged lower on Monday after updated weather-forecasting models reported that an impressive blast of cold air due to trek across the U.S. this week might not push as far south as once anticipated. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 1.02% at $4.367 per million British thermal units during U.S. trading. The commodity hit a session low of $4.314, and a high of $4.543.

Oil futures came off the highest levels of the session on Monday, after comments from Kuwait’s oil minister underlined concerns over a glut in world markets. On the ICE Futures Exchange in London, Brent for January delivery rose by as much as 1.77% earlier to touch a daily peak of $85.49 a barrel, before trimming gains to last trade at $84.19 during U.S. morning hours, up 21 cents, or 0.26%. Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in December shed 16 cents, or 0.2%, to trade at $78.49 a barrel, after being up by as much as 1.5% earlier in the day.

•Oil futures rose more than 1% on Monday, after data showed that Chinese crude imports accelerated sharply in October, but gains remained limited amid ongoing concerns over a glut in world markets. On the ICE Futures Exchange in London, Brent for January delivery traded at $85.14 a barrel during European morning hours, up $1.17, or 1.39%. lndon-traded Brent futures fell to $81.64 a barrel on November 5, a level not seen since October 2010.

Copper futures rose to a one-week high on Monday, boosted by data showing that Chinese imports of the red metal rose for the second consecutive month in October. On the Comex division of the New York Mercantile Exchange, copper for December delivery hit a daily high of $3.051 a pound, the most since November 4.Copper last traded at $3.047 a pound during European morning hours, up 0.8 cents, or 0.27%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1156 TGT 1160,1165 SL 1151
  • SELL GOLD BELOW 1151 TGT 1147,1143 SL 1156

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

11Nov
forex-trading3

IForex Market Trading Signals and News – 11 November 2014

TRADING TIPS :

  • Forex- Dollar lower as investors take profits after recent rally.
  • Forex- NZD/USD higher amid profit-taking.
  • Forex- Euro pushes higher against dollar.

EUR/USD
EUR/USD was up 0.24% to 1.2484, recovering from Friday’s 26-month trough of 1.2356.The dollar turned lower after data on Friday showed that though employment growth was solid last month, the U.S. economy added fewer than expected jobs. The soft data prompted investors to take profits in the greenback following its recent rally. The Labor Department said 214,000 jobs were created in October, less than expectations of 231,000.The U.S. unemployment rate ticked down to a fresh six-year low of 5.8% from 5.9% in September. The US dollar index, which tracks the performance of the greenback against a basket of six major currencies, was down 0.27% to 87.43, off Friday’s four-and-a-half year peaks of 88.31.

USD/JPY
USD/JPY was down 0.42% to 114.10 from 114.58 late Friday, off the seven year peaks of 115.58 hit ahead of Friday’s jobs report.The dollar turned lower after data on Friday showed that though employment growth was solid, the U.S. economy added fewer than expected jobs last month.The Labor Department said 214,000 jobs were created in October, falling short of expectations of 231,000.September’s figure was revised up to 256,000 from a previously reported 248,000 and August’s figure was also revised up to 203,000 from 180,000, pointing to underlying strength in the labor market.The U.S. unemployment rate ticked down to a fresh six-year low of 5.8% from 5.9% in September.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2505-TG:1.2525/1.2555 SL 1.2475
2. Sell EUR/USD Below 1.2447-TG:1.2427/1.2397 SL 1.2477

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

11Nov
sgx 11 nov 14

Financial Sgx Singapore Stock Market Trading Picks And News – 11 November 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Monday with the Straits Times Index gaining 14.61 points to 3,301.00. Some 1.39 billion shares, valued at S$1.03 billion were traded. Gainers and losers tied at 214.
  • SINGAPORE share prices opened higher on Monday with the Straits Times Index up 20.17 points to 3,306.56. Volume was 282.9 million shares worth S$182.8 million. Gainers outnumbered losers 139 to 64.
  • THE Code of Professional Conduct and Ethics for public accountants and accounting entities will be strengthened further from Feb 1 next year. The proposed amendments have been accepted by the  Ministry of Finance. The current Code is based on the International Ethics Standards Board for Accountants (IESBA)’s 2006 Code of Ethics, with some modifications and additional provisions for Singapore’s public accountants, said the Accounting and Corporate Regulatory Authority (Acra).
  • NEW research says it may be cheaper to rent than to buy a home in Singapore, if residential property prices here continue their current moribund trend. But does this necessarily mean homebuyers here are better off switching to this option? And is property now necessarily the
  • China’s inflation came in at 1.6 per cent in October, unchanged from the previous months, the government said Monday. The consumer price index (CPI) figures released by the National Bureau of Statistics (NBS) remained at the lowest point since January 2010. cent annual target set by the government in March.
  • Singapore’s two glitzy casinos are fighting for a shrinking pool of high rolling players as China’s corruption crackdown and economic slowdown reduce the number of VIPs at their tables, and the battle is starting to turn ugly. Gaming mogul Sheldon Adelson, whose Las Vegas Sands (LVS.N) runs the Marina Bay Sands resort, has accused rival Genting Singapore’s (GENS.SI) Resorts World Sentosa of relying on overly generous incentives and credit to entice big money players.
  • THE private residential leasing market has grown steadily weaker from the previous year in most districts of Singapore, with unpopular suburban locations the hardest hit.And no reprieve is in sight as latest Q3 figures show non-landed private home rentals sliding another
  • SINGAPORE and China are entering the next phase of bilateral cooperation as they look to celebrate 25 years of their bilateral ties next year and work on a third government-to-government project. Meeting Prime Minister Lee Hsien Loong on the sidelines of the annual Apec

STOCK RECOMMENDATION :

  • SELL NOBLE GROUP BELOW 1.250 TG 1.240 , 1.225 SL 1.265

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

10Nov

Comex Commodity Trading Signals and Market News – 10 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dropped to four-and-a-half year lows on Friday, as Thursday’s upbeat U.S. jobless data continued to weigh and traders eyed the release of a highly anticipated U.S. employment report later in the day. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,140.90 a troy ounce during European morning trade, down 0.15%. The December contract settled 0.27% lower on Thursday to end at $1,142.6 a troy ounce. Futures were likely to find support at $1,111.30 and resistance at $1,169,30, Wednesday’s high.

• West Texas Intermediate oil futures ended Friday\’s session higher, after data showed that the unemployment rate in the U.S. fell to a six-year low last month. On the New York Mercantile Exchange, crude oil for delivery in December tacked on 74 cents, or 0.95%, on Friday to end the week at $78.65 a barrel. The Labor Department reported that the U.S. economy added 214,000 jobs in October, missing expectations for jobs growth of 231,000. September’s figure was revised up to 256,000 from a previously reported 248,000 and August’s figure was also revised up to 203,000 from 180,000 pointing to underlying strength in the labor market.

• U.S. natural gas futures rallied to the highest level in more than four months on Friday, as investors bet that unseasonably cold weather will boost early-winter demand for the heating fuel. On the New York Mercantile Exchange, natural gas for delivery in November hit a daily high of $4.494 per million British thermal units on Friday, the most since June 30. Prices came off the highs to settle at $4.412 by close of trade, up 0.8 cents, or 0.18%. On the week, Nymex natural gas prices surged 40.5 cents, or 13.92%, the second straight weekly gain, as expectations of colder-than-normal weather in the key heating markets in the U.S. boosted prices.

• Elsewhere, on the ICE Futures Exchange in London, Brent for December delivery traded at $82.28 a barrel, down 68 cents, or 0.78%. A day earlier, London-traded Brent futures fell by as much as 1.4% to hit $81.64 a barrel, a level nt seen since October 2010. The dollar climbed to the highest level since August 2012 against the euro after ECB President Mario Draghi said it will soon start purchases of asset backed securities and indicated that further unconventional measures are on the way.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1175 TGT 1179,1183 SL 1170
  • SELL GOLD BELOW 1168 TGT 1164,1159 SL 1173

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

10Nov
Forex Signals

IForex Market Trading Signals and News – 10 November 2014

TRADING TIPS :

  • Forex- Dollar softens on lackluster October jobs report.
  • Forex- GBP/USD gains on soft U.S. October jobs report.
  • Forex- EUR/USD rises off 2-year lows on U.S. Data..

EUR/USD
EUR/USD hit 1.2439 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.2422, gaining 0.41%.The pair was likely to find support at 1.2293, the low from August 20, 2012, and resistance at 1.2578, Tuesday’s high.The dollar came under pressure after the Department of Labor said the U.S. economy added 214,000 jobs last month, disappointing expectations for an increase of 231,000. The number of jobs add September was revised to 256,000 from a previously estimated 248,000.The report also showed that the U.S. unemployment rate ticked down to 5.8% in October from 5.9% in September. Analysts had expected the unemployment rate to remain unchanged last month.

GBP/USD
GBP/USDwas up 0.08% at 1.5844, up from a session low of 1.5791 and off a high of 1.5860.Cable was likely to find support at 1.5774, the low from Sept. 13, 2013, and resistance at 1.6023, Wednesday’s high.The Department of Labor reported earlier that the U.S. economy added 214,000 jobs in October, missing expectations for an increase of 231,000. The number of jobs added in September was revised to 256,000 from a previously estimate 248,000. The report also revealed that the U.S. unemployment rate ticked down to 5.8% in October from 5.9% in September. Analysts had expected the unemployment rate to remain unchanged last month

RECOMMENDATION :

1. Buy GBP/USD Above 1.5915-TG:1.5935/1.5965 SL 1.5885
2. Sell GBP/USD Below 1.5860-TG:1.5840/1.5810 SL 1.5890

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

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