12Jan
forex-trading3

IForex Market Trading Signals and News – 12 January 2015

TRADING TIPS :

  • Forex-Dollar index hovers near 12-year highs ahead of nonfarm payrolls.
  • Forex- EUR/USD holds steady, near 9-year lows.
  • Forex-GBP/USD rises off 18-month lows after upbeat U.K. Data.

GBP/USD
GBP/USD hit 1.5150 during European morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.5134, gaining 0.30%.In a report, the U.K. Office for National Statistics said that manu- facturing production rose 0.7% in November, beating expectations for a 0.3% gain, after a 0.7% fall the previous month.On the other hand, U.K. industrial production ticked down 0.1% in November, data showed on Friday, confounding expectations for an increase of 0.2%. October’s figure was revised to a 0.3% slip from a previously estimated 0.1% fall.A separate report showed that the U.K. trade deficit narrowed to £8.85 billion in November from £9.84 billon in October, whose figure was revised from a previously estimated deficit of £9.62 billion. Analysts had expected the trade deficit to narrow to £9.40 billion in November.

EUR/USD
EUR/USD edged up 0.11% to 1.1805, but still remained within close distance of Thursday’s nine-year low of 1.1753.The single currency remained under pressure after data on Wednesday showed that the annual rate of euro zone inflation fell by 0.2% in December, down from 0.3% in November. It was the first fall in the annual rate of inflation since October 2009.The decline in consumer prices added to expectations that the European Central Bank could implement quantitative easing as soon as its next meeting on January 22.Earlier Friday, data showed that French industrial production fell 0.3% in November, compared to expectations for a 0.3% rise. October’s figure was revised to a 0.7% decline from a previously estimated 0.8% drop.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5187-TG: 1.5207/1.5237 SL 1.5157
2. Sell GBP/USD Below 1.5109-TG: 1.5089/1.5059 SL 1.5139

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

12Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 12 January 2015

MARKET UPDATES :

  • MORE Singapore professionals are expected to change their jobs this year.A survey conducted by employment agency MRIC Group and market research firm Ipsos revealed that 33 per cent of Singapore managers and professionals say they will definitely try to make a job change, up from 29 per cent.
  • Ezra Holdings – Valuation bet-:Ezra’s 1QFY8/15 subsea earnings were disappointing and we would have preferred a more forthcoming disclosure on its vessels maintenance programme. However the stock remains an Add, on valuation call. It is trading at a new trough of 0.3x P/BV vs. GFC of 0.43x. The share price could swing positively on the back of a seasonally stronger 2H15, driven by 73% yoy recovery in earnings with higher subsea projects execution and margin expansion from offshore support.
  • Vard Holdings -Though it has fallen 42% in six months, we think that Vard’s valuations today are still high, trading at 11x FY15F P/E vs its closest peer Nam Cheong at merely 4.3x. We lower our TP to SGD0.51 (19% downside, from SGD0.57) based on a reduced 9x (from 10x) FY15F P/E to reflect the weak market conditions. While book value now provides a thin support, slowing order flow and oil prices, being no longer conducive for deepwater activity, pose visible headwinds over the year.
  • Singapore Property – POA conference highlights- Moderate growth from industrial REITs as Shadow space pressurises industrial rents. Delays in office completions could sustain upturn in office rents with recovery in hospitality expected. Concerns over prescriptive measures from MAS consultation paper
  • Triyards bagged US$75m liftboat contracts from US-based operators in 1QFY15, bringing its orderbook to some US350m. Management expects to secure another US$150m worth of contracts from Ezion in the near term. We expect demand for liftboats, which are mainly used in the servicing and maintenance of fixed platforms in shallow waters, to remain relatively resilient despite the recent sharp drop in oil prices.
  • OCBC has maintained its “sell” call on Tiger Airways Holdings, while decreasing its fair value estimate from S$0.21 to S$0.18.In a bid to repair its balance sheet, Tigerair did a rights issue exercise, which closed on Dec 29, 2014, and was fully subscribed with total valid acceptances and excess applications received representing 156.7 per cent of the 1,147,102,770 rights shares available for issuance.
  • AN advocacy group has suggested that businesses consider overseas markets and non-equity funding to raise capital, as it expects a lacklustre 2015 for the Singapore stock market.

STOCK RECOMMENDATION :

  • BUY ASCOTT REIT ABOVE 1.280 TARGET 1.320 1.370 SL 1.220

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

9Jan

Comex Trading Signals and Market News – 09 January 2015

INTERNATIONAL COMMODITY NEWS :

Oil prices were heading for a seventh weekly loss on Friday, with key producers showing no signs of cutting output in the face of a global supply glut.Brent and U.S. crude futures both hit their lowest since 2009 this week and are down more than 50 percent from June, although they inched up on Friday after robust U.S. economic data brightened the outlook for demand.Brent crude had climbed 21 cents to $51.17 a barrel by 0203 GMT. U.S. crude for February delivery was at $49.13, up 34 cents.But supply concerns remained as Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices even as demand slowed globally.Meanwhile, annual consumer inflation in China remained near the lowest in five years, signaling persistent weakness in the world’s largest energy consumer.”Without any changes to fundamentals, selling appears largely to be jittery investors looking for supply- demand equilibrium,” ANZ analysts said in a note.

Gold prices eased on Friday as investors looked ahead to U.S. jobs data as a sign post for the Federal Reserve to hike interest rates as expected sometime in the middle of this year.Non-farm payrolls are seen posting 240,000 jobs in December and the unemployment rate is expected to edge down to 5.7% from 5.8%.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery was steady to weaker, hovering around at $1,207.80 a troy ounce.Overnight, gold turned higher on Thursday, after data showed that the number of people who filed for unemployment assistance in the U.S. last week fell less than expected.Gold moved into positive territory after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week decreased by 4,000 to 294,000 from the previous week’s total of 298,000.

Natural gas futures rallied on Thursday, after data showed that U.S. natural gas supplies fell more than forecast last week.On the New York Mercantile Exchange, natural gas for delivery in February rose 2.8 cents, or 0.98%, to trade at $2.899 per million British thermal units during U.S. morning hours. Prices were at $2.881 prior to the release of the supply data.A day earlier, natural gas plunged 6.7 cents, or 2.28%, to settle at $2.871. Futures were likely to find support at $2.805 per million British thermal units, the low from January 2, and resistance at $3.176, the high from January 5.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended January 2 fell by 131 billion cubic feet, more than expectations for a decline of 121 billion and compared to a drop of 26 billion in the previous week.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1216.5 TARGET 1221.5 1227.5 SL 1210.5
  • SELL GOLD BELOW 1208 TARGET 1203 1197 SL 1214

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

9Jan
Forex Signals

IForex Market Trading Signals and News – 09 January 2015

TRADING TIPS :

  • Forex-Euro near 9-year lows vs. stronger dollar.
  • Forex- GBP/USD drops to 18-month lows ahead of BoE statement.
  • Forex-AUD/USD rises off 5-1/2 year highs on Australian data.

GBP/USD
GBP/USD hit 1.5034 during European morning trade, the pair’s lowest since July 2013; the pair subsequently consolidated at 1.5056, declining 0.36%.Cable was likely to find support at 1.4812 and resistance at 1.5156, Wednesday’s high.The dollar continued to be underpinned after a report on Wednesday showed that the U.S. private sector added a larger-then-forecast 241,000 jobs in December. The upbeat data boosted the outlook for the U.S. recovery and raised expectations for a strong reading of the government nonfarm payrolls due on Friday. On Wednesday, the minutes of the Federal Reserve’s December meeting did little to alter expectations that U.S. interest rates will start to rise later this year.

EUR/USD
EUR/USD was at 1.1815, close to overnight lows of 1.1801, the weakest since January 2006.The single currency remained under pressure after data on Wednesday showing that the annual rate of euro zone inflation fell by 0.2% in December, down from 0.3% in November. Economists had expected an annual decline of 0.1%.It was the first fall in the annual rate of inflation since October 2009.The decline in consumer prices added to expectations that the European Central Bank could implement quantitative easing as soon as its next meeting on January 22. Late last week ECB President Mario Draghi said the risk of it not fulfilling its mandate of price stability is higher now than six months ago.Demand for the dollar continued to be underpinned after a report on Wednesday showed that the U.S. private sector added a larger-then-forecast 241,000 jobs in December.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5093-TG: 1.5113/1.5143 SL 1.5063
2. Sell GBP/USD Below 1.5030-TG: 1.5010/1.4980 SL 1.5060

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

9Jan
sgx

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

MARKET UPDATES :

  • THE Singapore government’s budget for FY2015 – to be delivered in Parliament on Feb 23, Monday – will be no ordinary one.Even as a celebratory tone is struck, the social and economic challenges confronting Singapore will need facing up to, too.Expectations run high for an expansionary budget, this being the year that Singapore celebrates 50 years of independence. That anticipation stems also from Budget 2015 being viewed as a pre-election budget.
  • HDB resale prices in December 2014 dropped to a 41-month low since August 2011, data from Singapore Real Estate Exchange (SRX) Property revealed. This represents a 6.1 per cent decline from December 2013.Month-on-month, resale prices in December 2014 fell 0.4 per cent.The price slump was driven by HDB four- and five-room flats, whose resale prices fell 0.7 per cent and 0.3 per cent respectively.
  • Singapore is updating guidelines on an accounting practice mired in controversy for helping multinational companies minimize their tax bills, as the city-state moves more in line with a crackdown by Western governments on aggressive tax avoidance. International taxation has come under scrutiny since a quirk of “transfer pricing” was found to have helped lower the tax bills of a number of multinationals, including Starbucks Corp , Google Inc and Amazon.com Inc. Such issues prompted the Organisation for Economic Co-operation and Development to call on governments to revise tax treaties, tighten rules and share more information, in a project due for completion by the end of this year.
  • OLAM International is changing its fiscal year-end from June 30 to December 31. This is to enable the company to comply with the group consolidation and reporting requirements of its majority shareholder.With this change, the company’s current fiscal year, which began on July 1, 2014, will end on December 31, 2015. After this, the company will follow a January-to- December fiscal year.To facilitate comparison with previous years, Olam said that it would provide historical pro-forma financial information for the financial years ended December 31, 2014, 2013, 2012 and 2011. This will be done before June 30, 2015.
  • Singapore continues its transition from what is effectively an emerging market economy (growth driven by increases in labor, 25% of GDP within manufacturing) to a developed market focused on productivity growth. A structural transformation-driven end to the 13-year bull market in the local currency will make unhedged Singapore holdings less attractive for yield investors. This drives a weak view for domestic consumption, but is also driving the already improving export numbers. This divergence will continue, therefore we focus our investment risk on rate sensitives and external demand sectors.

STOCK RECOMMENDATION :

  • BUY KEPPEL REIT ABOVE 1.225 TARGET 1.275 1.350 SL 1.175

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

8Jan

Comex Trading Signals and Market News – 08 January 2015

INTERNATIONAL COMMODITY NEWS :

• Brent crude extended gains on Thursday to hold above $51 a barrel, after an unexpected fall in U.S. crude stocks snapped a 4-session decline the previous day.Data showing the U.S. economy remained resilient amid slowing global growth helped bolster oil, which was also supported by Chinese crude imports likely hitting a record high in December.Brent crude marked an intraday high of $51.91 a barrel and was at $51.60 by 0253 GMT, up 45 cents. U.S. crude rose 57 cents to $49.22 after touching a peak of $49.65.But pressure on prices that have plunged more than half since June highs remains strong, with key producers such as OPEC and Russia showing no signs of cutting output despite a supply glut and as major economies in Europe and Asia struggle with slowing growth.

Gold prices posted modest gains early Thursday in Asia as investors noted the Federal Reserve did not seem aggressive on the timing of a widely expected hike in interest rates this year.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery rose 0.18% to $1,212.90 a troy ounce.According to minutes of the Fed’s December meeting minutes, the central bank pressed ahead with plans to begin raising interest rates later this year, although Fed officials said they could be “patient” in deciding when to begin the process. Overnight, gold futures fell to the lowest levels of the session on Wednesday, after data showed that U.S. non-farm private employment rose more-than-expected in December.

• U.S. natural gas prices swung between gains and losses in choppy trade on Wednesday, as market players continued to assess the outlook for U.S. demand and supply levels.On the New York Mercantile Exchange, natural gas for delivery in February tacked on 2.4
cents, or 0.82%, to trade at $2.962 per million British thermal units during U.S. morning hours. Prices traded in a range between $2.913 and $2.989.A day earlier, natural gas rallied 5.6 cents, or 1.94%, to settle at $2.938. Futures were likely to find support at $2.805 per million British thermal units, the low from January 2, and resistance at $3.176, the high from January 5.Updated weather forecast models continued to call for frigid temperatures in the key Northeast and Midwest markets in the next three-to-five days, boosting near-term demand expectations for the heating fuel.

• West Texas Intermediate oil futures came off the highest levels of the session on Wednesday, after data showed that oil supplies in the U.S. fell unexpectedly last week, while gasoline and distillate supplies surged.On the New York Mercantile Exchange, crude oil for delivery in February tacked on 46 cents, or 0.96%, to trade at $48.39 a barrel during U.S. morning hours. Prices were at around $48.95 a barrel prior to the storage report.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1215 TARGET 1220 1226 SL 1209
  • SELL GOLD BELOW 1205 TARGET 1200 1194 SL 1211

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

8Jan
forex-trading3

IForex Market Trading Signals and News – 08 January 2015

TRADING TIPS :

  • Forex-Dollar index hits fresh 9-year highs, euro weakens after data.
  • Forex-Euro at fresh 9-year lows as EZ inflation turns negative.
  • Forex-GBP/USD edges down to fresh 17-month lows.

USD-JPY
USD/JPY up 0.54% to 119.08.Modest gains in Asian equity markets overnight dampened demand for the safe haven yen as investor sentiment recovered following a selloff earlier in the week.The U.S. dollar index, which measures the greenback against a basket of six major currencies, hit nine-year highs of 92.14 and was last at 91.97, supported by weakness in the euro.The Federal Reserve was to publish the minutes of its latest policy meeting later Wednesday, which were expected to provide further indications on the future direction of monetary policy.

EUR/USD
EUR/USD at 1.1842, down 0.40% for the day after data showing that consumer prices in the euro area fell in December for the first time in more than five yearsEurostat reported that the annual rate of euro zone inflation fell by 0.2% in December, down from 0.3% in November. Economists had expected an annual decline of 0.1%. It was the first fall in the annual rate of inflation since October 2009.Core inflation, which strips out volatile measures such as food and energy costs, rose 0.8% on a year-over-year basis, but was still well below the European Central Bank’s target of close to, but just under 2%.The data added to expectations that the ECB could implement quantitative easing as soon as its next meeting on January 22. Late last week ECB President Mario Draghi said the risk of it not fulfilling its mandate of price stability is higher now than six months ago.

RECOMMENDATION :

1. Buy USD/JPY Above 119.40-TG: 119.60/119.90 SL 119.10
2. Sell USD/JPY Below 118.53-TG: 118.33/118.03 SL 118.83

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

8Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 08 January 2015

MARKET UPDATES :

  • THE 2015 Singapore Budget statement will be delivered on Feb 23 by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam.There will be a live television and radio coverage of the Budget statement.A live webcast of the delivery will also be available on the Singapore Budget website. The statement will also be uploaded on the website after the speech has been delivered.
  • The plunge in crude prices will give a much-needed boost to Asia’s oil-guzzling economies and provides governments a “golden opportunity” to implement crucial structural reforms such as cutting expensive energy subsidies, analysts say.A slowdown in the key export markets of Europe, China and Japan, the end of US stimulus measures, and an expected US rate hike – fuelling a flight of foreign cash in search of better returns – has left some governments having to make tough decisions to get back on track.
  • CHINESE shipbuilder JES International Holdings saw 107.861 million shares switching hands by noon on Wednesday, pushing its share price up 17.65 per cent. Its counter jumped 0.06 cent to S$0.04.This has prompted the Singapore Exchange to query the mainboard-listed company on unusual trading activity.Besides shipbuilding, JES provides diversified services from offshore engineering to global trading and investment.It has its shipbuilding and offshore engineering base in China’s Jiangsu province. The company also has research and development, sales and marketing, as well as procurement centres in Singapore.
  • UOB is suing Lippo Group’s subsidiary and seven others over SGD181m in housing loans for the purchase of 38 condominium units at Marina Collection in Sentosa. Loans for 37 of these have defaulted. It said it was not informed of the 22-34% discounts offered for the units and that the buyers had secured inflated home loans from the bank.
  • First Resources is relatively better positioned among peers to ride through the headwinds and deliver decent profits. FR’s strength lies in its balanced age profile that ensures good production growth and cash flow. This, together with prudent cost control and flexible downstream operations, makes FR one of the most profitable plantation companies.
  • OUE Hospitality Trust – Looking past near-term volatility-:Recent market data point to potentially softer earnings in 4Q14 as the hotel segment continues to be impacted by slow visitor arrivals and rupiah volatility. Despite potential near-term earnings fluctuations, we remain bullish on OUE-HT as we believe this REIT is well-positioned to ride on a more sanguine tourism outlook for 2015. We reiterate our Add rating with a slightly higher DDM-based (discount rate: 7.9%) target price of S$1.00 which factors in additional income from the recently announced CPCA acquisition.
  • US services PMI and US factory orders failed to beat expectations yesterday, which led to lower equity levels in the US.-:

1. PMI came in at 53.3, lower than the expected value of 53.8; factory orders in November fell -0.7%, worse than the -0.4%
expected.
2. Separately in the Eurozone and the UK,composite PMI and services PMI respectively both also failed to hit the mark. Eurozone composite PMI was in at 51.4 vs 51.7 expected, while UK services PMI came in at 55.8 vs 58.5 expected.
3. The 53.8 services PMI was the slowest expansion since February, and has slowed considerably since hitting 61 in June.

STOCK RECOMMENDATION :

  • BUY OSIM INTL ABOVE 1.885 TARGET 1.915 1.955 SL 1.850

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

7Jan

Comex Trading Signals and Market News – 07 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices eased mildly in Asia on Wednesday as investors continued to eye Greece in the euro zone and await upcoming Federal Reserve minutes for hints on the timing of an interest rate hike widely expected this year.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.11% to $1,217.30 on Wednesday in early Asia.Overnight, gold futures were up for the third consecutive session on Tuesday, as safe-haven demand was boosted amid growing fears that Greece might exit the euro zone.

Crude oil prices reversed course slightly in Asia on Wednesday after upbeat U.S. industry supply data.The American Petroleum Institute reported that crude stocks dropped 4 million barrels last week, while distillates gained 9.1 million barrels and gasoline inventories increased 6.9 million barrels. More closely watched U.S. Department of Energy figures due Wednesday are expected to show a crude stocks gain of 880,000 barrels, distillate inventories up 1.86 million barrels and gasoline supplies increased 3.38 million barrels

• U.S. natural gas prices wavered between positive and negative territory in volatile trade on Tuesday, as investors monitored shifting weather forecasts for the next two weeks.On the New York Mercantile Exchange, natural gas for delivery in February tacked on 0.6 cents, or 0.23%, to trade at $2.889 per million British thermal units during U.S. morning hours.Prices traded in a range between $2.814, a level not seen since September 2012, and $2.943.Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on winter heating demand.The heating season from November through March is the peak demand period for U.S. gas consumption.Meanwhile, the U.S. Energy Information Administration’s weekly storage report slated for release on January 8 is expected to show a drop of 133 billion cubic feet for the week ending January 2.

• West Texas Intermediate oil futures fell below the $49-a-barrel level on Tuesday, while Brent also hit a fresh five-and-a-half year low, as investors piled on to their short positions in anticipation of lower prices amid lingering concerns over a growing supply glut.On the New York Mercantile Exchange, crude oil for delivery in February fell to a session low of $48.51 a barrel, a level not seen since April 20009, before trading at $48.93 during U.S. morning hours, down $1.11, or 2.22%.On Monday, Nymex oil futures plunged $2.65, or 5.03%, to settle at $50.04 a barrel. Elsewhere, on the ICE Futures Exchange in London, Brent oil for February delivery lost $1.10, or 2.01%, to trade at $52.01 a barrel, after hitting a low of $51.25, the weakest level since April 2009. A day earlier, London-traded Brent prices tumbled $3.31, or 5.87%, to close at $53.11.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1223.5 TARGET 1228.5 1234.5 SL 1217.5
  • SELL GOLD BELOW 1212 TARGET 1207 1201 SL 1218

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

7Jan

IForex Market Trading Signals and News – 07 January 2015

TRADING TIPS :

  • Forex-Euro lower after euro zone private sector data.
  • Forex-GBP/USD falls to fresh 17-month lows on weak U.K. Data.
  • Forex-Euro struggles near 9-year lows, yen higher.

USD-JPY
USD/JPY sliding 0.58% to 118.93 from 119.62 late Monday.The safe haven yen was boosted by declines in Asian equity markets overnight, as falling oil prices and concerns over the outlook for the euro zone economy sparked a selloff in stocks.The U.S. dollar index, which measures the greenback against a basket of six major currencies, slid 0.13% to 91.54 but remained close to Monday’s nine-year peaks, supported by weakness in the euro. The dollar remained near nine-year highs against the other major currencies in quiet trade on Monday, as expectations for a U.S. rate hike this year continued to lend broad support to the greenback.

EUR/USD
EUR/USD was last down 0.22% to 1.1905, not far from the lows of 1.1851 struck on Monday, the weakest level since February 2006.The euro backed off session highs after the Markit composite purchasing managers’ index, which measures activity in the manufacturing and services sectors in the euro area, was revised down to 51.4 in December from the preliminary estimate of 51.7. The figure was still higher than November’s reading of 51.1. On the index, a reading below 50.0 indicates activity is slowing, while a reading above 50.0 indicates it is increasing.The single currency remained under pressure after data on Monday showing German inflation fell to a five year low in December added to pressure on the ECB to step up measures to avert the threat of deflation in the region.

RECOMMENDATION :

1. Buy USD/JPY Above 119.45-TG: 119.65/119.95 SL 119.15
2. Sell USD/JPY Below 118.61-TG: 118.41/118.11 SL 118.91

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

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