20Nov
Forex trading

IForex Market Trading Signals and News – 20 November 2014

TRADING TIPS :

  • Forex-Dollar gains as markets shrug off Fed minutes, bet on rate hikes.
  • Forex-Dollar dips as upbeat German sentiment data cools greenback’s rally.
  • Forex-Dollar little changed, focus turns to Fed minutes.

EUR/USD
EUR/USD was up 0.06% at 1.2541.Monetary authorities largely agree that the economy was improving and no longer needed stimulus tools such as asset purchases, though concerns persisted that inflation expectations may be dipping, the minutes of the Federal Reserve’s October policy meeting released Wednesday revealed. At its October monetary policy meeting, the Fed left its benchmark interest rate unchanged at 0.00-0.25% and said it was closing its monthly bond-buying program in a move widely expected by markets.While the economy is improving, some monetary authorities want to be sure recovery remains sustained before raising interest rates, which is seen taking place in 2015, with a few voting members expressing concerns that inflationary pressures remain soft.

USD/JPY
USD/JPY was up 0.72% at 117.71, up from a session low of 116.82 and off a high of 117.78.The pair was expected to test support at 115.44, Monday’s low, and resistance at 117.78, the session high.Investors were looking ahead to the minutes of the Fed’s October meeting, which were expected to highlight the growing monetary policy divergence between the U.S. central bank and its peers in Japan and Europe. The Fed’s October policy statement noted that both the labor market and the inflation outlook were improving. Markets are currently expecting the U.S. central bank to start raising rates sometime around September 2015. In contrast, the Bank of Japan and the European Central Bank are expected to continue monetary easing in order to shore up growth and inflation.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2563-TG:1.2583/1.2613 SL 1.2533
2. Sell EUR/USD Below 1.2500-TG:1.2480/1.2450 SL 1.2530

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

20Nov
sgx 20 nov

Financial Sgx Singapore Stock Market Trading Picks And News – 20 November 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 20.83 points to 3,334.56. Some 1.32 billion shares, valued at S$1.1 billion were traded. Gainers numbered 237 while losers numbered 170.
  • China will increase the flexibility of a rule that requires banks to lend no more than 75 per cent of their deposits, the cabinet said on Wednesday after a weekly meeting. The government will also remove a requirement for Chinese companies to be profitable for a prolonged period of time before they list on stock markets,
  • KEPPEL Infrastructure Trust (KIT) and CitySpring Infrastructure Trust are poised to create the largest Singapore infrastructure-focused business trust listed on the Singapore Exchange, following the combination of the two trusts, and the acquisition of a stake in Keppel Merlimau
  • Foreign buyers used only 20 per cent of their 13 billion yuan (S$2.76 billion) daily quota of Shanghai stocks on Wednesday as demand for mainland shares cooled noticeably two days after a scheme connecting the Hong Kong and Shanghai markets debuted. Trading was sedate on Wednesday compared with Monday, when the full daily investment quota for Shanghai stocks was quickly taken up as international investors scrambled to get into mainland markets.
  • TEN debt collection companies here have formed the industry’s first professional organization, the Credit Collection Association of Singapore (CCAS), a media statement said on Wednesday. Individuals can seek mediation and file complaints with CCAS over encounters with member companies. The association will also develop a code of conduct for its members.
  • LEASING volumes continued to improve across Asia Pacific in the third quarter, driven by the technology sector, according to a JLL report released on Wednesday.
  • “During Q3, new leasing activity grew by 10 per cent year-on-year, with India and mainland China accounting for two-thirds of the regional total. In many of the more active markets, the technology sector and associated IT-enabled services are driving demand for space,” it said, citing cities such as Manila and Mumbai as two examples.
  • DBS Group unveiled on Wednesday its new S$25 million regional brand campaign, celebrating the bank’s role in the history and development of Singapore which turns 50 next year. The new brand campaign will be launched in Singapore later this week and then unveiled in Hong Kong, China, India, Indonesia and Taiwan early next year. A slew of innovative marketing initiatives large and small will be rolled out, building up to Singapore’s 50th celebrations next year.

STOCK RECOMMENDATION :

  • BUY SIA ENGR ABOVE 4.160 TGT 4.190 . 4.240 SL 4.110

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

19Nov

Comex Commodity Trading Signals and Market News – 19 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady to weaker in early Asia on Wednesday, taking a breather from gains overnight. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,196.10 a troy ounce, down 0.03%, after hitting an overnight session low of $1,182.80 and off a high of $1,204.10. Overnight, gold prices rose in afternoon trading on Tuesday after an upbeat report on German economic sentiment sent the euro rising over the dollar, often a recipe for rising gold prices.

Crude oil prices eased mildly in early Asia on Wednesday as U.S. industry stocks data painted a bearish picture ahead of more closely watched government data. Data from the industry group, the American Petroleum Institute released late Tuesday, showed that crude supplies rose by 3.7 million barrels last week, while gasoline inventories rose by 519,000 barrels and distillate stocks fell by 3.3 million barrels, according to industry sources.

• Brent, the global benchmark, fell 1.1% to $78.47 a barrel on ICE Futures Europe on Tuesday. Overnight, crude futures moved lower on Tuesday as markets bet that the OPEC oil cartel will leave output unchanged at an upcoming meeting despite months of steady losses due to ongoing supply concerns.

Natural gas futures dropped on Tuesday after investors priced in a blast of cold air trekking across the U.S. and sold on news that milder temperatures will settle in after wards, which should curb demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in December were down 1.97% at $4.256 per million British thermal units during U.S. trading. The commodity hit a session low of $4.151, and a high of $4.325. The December contract settled up 7.99% on Monday to end at $4.341 per million British thermal units.

Copper futures edged lower on Tuesday, as mounting concerns over the health of China’s property sector dampened appetite for the red metal. On the Comex division of the New York Mercantile Exchange, copper for December delivery shed 0.8 cents, or 0.26% to trade at $3.032 a pound during European morning hours. A day earlier, copper lost 0.7 cents, or 0.23%, to settle at $3.039 a pound. Futures were likely to find support at $2.985, the low from November 14, and resistance at $3.061, the high from November 17. The National Bureau of Statistics said in a report earlier in the day that home prices in China declined in 69 of 70 cities in October from September.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1195 TGT 1199,1204 SL 1190
  • SELL GOLD BELOW 1188 TGT 1184,1179 SL 1193

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

19Nov

IForex Market Trading Signals and News – 19 November 2014

TRADING TIPS :

  • Forex-Japanese yen trends weaker ahead of BoJ monetary policy.
  • Forex-Dollar dips as upbeat German sentiment data cools greenback’s rally.
  • Forex-Dollar little changed, focus turns to Fed minutes.

EUR/USD
EUR/USD hit 1.2540 during European morning trade, the session high; the pair subsequently consolidated at 1.2532, climbing 0.63%.The pair was likely to find support at 1.2397, the low of November 14 and resistance at 1.2617, the high of October 31.In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment rose by 15.1 points to a four-month high of 11.5 this month from October’s reading of minus 3.6. Analysts had expected the index to improve by 4.5 points to 0.9 in November.In addition, the index of euro zone economic sentiment increased to 11.0 in October from 4.1 in September, above expectations for an increase to 4.3.

USD/JPY
USD/JPY was up 0.11% at 116.78, up from a session low of 116.35 and off a high of 117.04.The pair was expected to test support at 115.44, Monday’s low, and resistance at 117.06, Monday’s high.Prime Minister Abe called for snap elections to take place next month to seek a fresh mandate for his economic policies, which call for a weaker yen. Furthermore, the prime minister announced plans to delay a planned sales tax hike due to take place next October after an increase in April of this year played a part in plunging Japan into a recession in the third quarter. He also announced a fresh package of tax and spending measures designed to bolster growth in the short term. The announcement came one day after data showed that Japan’s economy unexpectedly contracted by an annualized 1.6% in the third quarter after a 7.3% contraction in the previous quarter, which puts the country in a recession.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2545-TG:1.2565/1.2595 SL 1.2515
2. Sell EUR/USD Below 1.2487-TG:1.2467/1.2437 SL 1.2507

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

19Nov
sgx 19 nov

Financial Sgx Singapore Stock Market Trading Picks And News – 19 November 2014

MARKET UPDATES :

  • SINGAPORE share prices opened higher on Tuesday with the Straits Times Index up 16.63 points to 3,305.3. Volume was 59.9 million shares worth S$45.4 million. Gainers outnumbered losers 70 to 41.
  • SINGAPORE shares ended higher on Tuesday with the Straits Times Index gaining 25.06 points to 3,313.73. Some 1.28 billion shares, valued at S$1.01 billion were traded. Gainers numbered 235 while losers numbered 181.
  • Prime Minister Shinzo Abe told his party on Tuesday he was calling a snap election and delaying a sales tax rise after figures showed Japan was in a recession. Less than two years after he swept to power pledging to reinvigorate the flagging economy, Mr Abe will go to the polls – probably in the middle of next month – telling voters that more needs to be done to fix years of growth-sapping price declines.
  • KEPPEL Infrastructure Trust (KIT) has agreed to two separate transactions to create the largest Singapore infrastructure-focused business trust listed on the Singapore Exchange. The first transaction is the acquisition of a 51 per cent stake in Keppel Merlimau Cogen Pte Ltd which owns the Keppel Merlimau Cogen Plant, a 1,300 MW combined cycle gas turbine generation facility on Jurong Island, Singapore.
  • Investors largely ignored the link-up between the Hong Kong and Shanghai stock exchanges Tuesday, a day after it launched to much fanfare and hopes of billions of dollars in daily cross-border transactions. Officials have trumpeted the Shanghai-Hong Kong Stock Connect as opening up China’s closeted stock markets to the outside world and giving mainlanders a chance to enter the lucrative Hong Kong exchange.
  • TRANS-CAB Holdings’ initial public offering (IPO) plans have skidded to a halt, with the company having received new information pertaining to its insurance premium. In a statement on Monday night, the company said it was previously unaware of an additional insurance
  • THE much-anticipated “through train” stock link between the Shanghai and Hong Kong markets took off smoothly on Monday with strong investor demand for China A-shares but weaker mainland demand for Hong Kong stocks. By 2pm on Monday, so-called “northbound” investors buying Chinese A-Shares have already snapped up the entire 13 billion yuan (S$2.75 billion) daily quota for share purchases. New buy orders were thus suspended for the rest of the day.
  • China’s home prices fell in October by the most since 2011, Reuters calculations show, in spite of government support measures to try to end a national downturn that threatens to stifle economic growth.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT Ltd ABOVE 9.82 TGT 9.87 ,9.94 SL 9.73

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

18Nov

Comex Commodity Trading Signals and Market News – 18 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices erased gains on Monday, as a short-covering rally that boosted futures to a two-week high earlier in the session lost momentum. Elsewhere, news that Japan has entered a recession fueled demand for the dollar, which pressured gold prices lower. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.08% at $1,184.60, up from a session low of $1,181.10 and off a high of $1,193.60. The December contract settled up 2.07% at $1,185.60 on Friday.

Crude oil prices traded weaker in Asia on Tuesday ahead of crude oil stock estimates by U.S. industry group the American Petroleum Institute later in the day expected to provide direction ahead of more closely watched government data on wednesday. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $75.48 a barrel, down 0.24%, after hitting an overnight session low of $74.76 a barrel and off a high of $76.14 a barrel.

• January Brent crude on London’s ICE Futures exchange fell $0.49 to $78.92 a barrel on Monday. NYMEX crude lost 3.60% last week and has fallen for seven consecutive weeks, while Brent crude lost 5.43% last week and has been down for eight consecutive weeks.

• U.S. natural gas futures rose for the first time in five sessions on Friday, as a round of short-covering and bargain-buying supported prices. On the New York Mercantile Exchange, natural gas for delivery in December picked up 4.3 cents, or 1.08%, to settle at $4.020 per million British thermal units by close of trade. Futures fell to a session low of $3.931 per million British thermal units earlier in the day, the weakest level since October 31.

Copper futures edged lower on Monday, after data showed that Japan unexpectedly slipped into recession, fuelling concerns over the global economic outlook. On the Comex division of the New York Mercantile Exchange, copper for December delivery shed 1.3 cents, or 0.43% to trade at $3.034 a pound during European morning hours. Futures were likely to find support at $2.985, the low from November 14,and resistance at $3.074, the high from November 4.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1187 TGT 1192,1197 SL 1182
  • SELL GOLD BELOW 1182 TGT 1178,1173 SL 1187

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

18Nov
forex-trading3

IForex Market Trading Signals and News – 18 November 2014

TRADING TIPS :

  • Forex- Australian dollar gains after RBA Nov board minutes released.
  • Forex-Dollar remains supported vs. rivals after U.S. Data.
  • Forex- USD/JPY gains on news that Japan has slid into recession

EUR/USD
EUR/USD was down 0.57% to 1.2455 after Germany’s Bundesbank warned in its monthly report that the outlook for growth in the region’s largest economy was likely to remain weak in the next few months.Earlier Monday, data showed that euro zone exports jumped 9% on a year-over-year basis in September, boosting the trade surplus to 17.7 billion, from 15.4 in August. The surge in exports boosted the outlook for third quarter growth. The Swiss franc has strengthened against the euro in recent sessions ahead of a vote later this month which could force the central bank to increase its gold reserves, a move which could restrict its ability to cap the value of the franc against the euro.

USD/JPY
USD/JPY seven-year highs of 117.06 before retracing some of those gains. The pair was last at 116.45, up 0.16% for the day.Official data on Monday showed that Japan’s gross domestic product contracted by an annualized 1.6% in the third quarter, following a 7.3% drop in the preceding quarter. Economists had forecast growth of 2.3%. The unexpectedly weak data added to gloom over the outlook for the global economy.Separately, Japanese Prime Minister Shinzo Abe was expected to postpone a planned sales tax increase due to come into effect next year after a sales tax hike in April of this year acted as a drag on growth.The prime minister was also expected to call for snap elections which could take place as soon as next month.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2493-TG:1.2513/1.2543 SL 1.2463
2. Sell EUR/USD Below 1.2430-TG:1.2410/1.2380 SL 1.2460

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

18Nov
sgx 18 nov

Financial Sgx Singapore Stock Market Trading Picks And News – 18 November 2014

MARKET UPDATES :

  • SINGAPORE shares ended 0.81 per cent lower on Monday with the Straits Times Index slipping 27.00 points to 3,288.67. Some 1.23 billion shares, valued at S$1.03 billion were traded. Gainers numbered 152 while losers numbered 318.
  • SINGAPORE share prices opened lower on Monday with the Straits Times Index down 4.82 points to 3,310.85. Volume was 78.3 million shares worth S$83.5 million. Gainers outnumbered losers 72 to 62.
  • A landmark trading link that is expected to see billions of dollars in trades between Hong Kong and Shanghai’s stock exchanges officially launched on Monday, but early figures show mainlanders holding back from piling into Hong Kong. At the opening ceremony Charles Li, chief executive of Hong Kong’s stock exchange, declared the tie-up a “historic” moment and hailed a “new era” of trade, while chairman Chow Chung Kong said it was a “breakthrough in the opening up of China’s financial market”.
  • BUSINESS leaders in South-east Asia believe that the Asean Economic Community (AEC) presents an opportunity for their business but less than a fifth of them have made plans and changes in anticipation of the common market that is targeted to be realised by the end of next year.
  • CREDIT trends for Asia-Pacific’s shipping, airlines, and logistics companies are expected to remain stable over the next year, although an underperforming Chinese economy or a major change in the country’s economic policy could hit demand, according to Standard & Poor’s (S&P) Ratings Services.The outlook comes on the back of rising demand, easing fuel prices and prudent financial policy, which should offset industry headwinds such as stiff competition and overcapacity.
  • Japan’s economy unexpectedly shrank an annualised 1.6 per cent in July-September after a severe contraction in the previous quarter, likely solidifying the view that premier Shinzo Abe will delay a second sales tax hike next year. The preliminary figure for gross domestic product (GDP) compared with a 2.1 per cent increase forecast by economists in a Reuters poll.
  • DEVELOPERS sold 765 private homes in October, up from 648 units in September but still below the 1,105 units they moved in October 2013. These figures exclude executive condos (ECs). The data was released on Monday by Urban Redevelopment Authority based on monthly sales data submissions from developers.
  • NON-OIL domestic exports last month were a tad higher than in September but they dipped 1.5% from a year ago. And the outlook doesn’t look good, with leading indicator – non-oil retained imports of intermediate goods – falling from the previous month.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDINGS ABOVE 34.85 TGT 35.05 , 35.30 SL 34.55

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

17Nov

Comex Commodity Trading Signals and Market News – 17 November 2014

INTERNATIONAL COMMODITY NEWS :

Gold price rose slightly in early Asia on Friday on hopes for physical demand as the end of year holiday season approaches. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,161.50 a troy ounce, up 0.05%, after hitting an overnight session low of $1,153.40 and off a high of $1,167.30. Overnight, gold prices rose earlier on news more sought first-time joblessness assistance in the U.S. last week, which weakened the dollar, though the yellow metal gave back gains on sentiments the Federal Reserve will hike interest rates next year.

Natural gas futures edged higher on Friday after investors digested a lackluster weekly supply report and determined the numbers largely met expectations. On the New York Mercantile Exchange, natural gas futures for delivery in December were up 1.11% at $4.021 per million British thermal units during U.S. trading. The commodity hit a session low of $3.935, and a high of $4.041. The December contract settled down 4.97% on Thursday to end at $3.977 per million British thermal units. Natural gas futures were likely to find support at $3.620 per million British thermal units, the low from Oct. 28, and resistance at $4.544, Monday’s high.

Crude futures shot up from four-year lows on Friday amid market talk that OPEC countries may consider cutting output to bolster prices at its upcoming meeting. n the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in December traded up 1.36% at $75.22 a barrel during U.S. trading, up from a session low of $73.28 a barrel and off a high of $75.73 a barrel. The December contract settled down 3.85% at $74.21 a barrel on Thursday. Support for the commodity was seen at $72.81 a barrel, the low from Sept. 21, 2010, and resistance at $78.08 a barrel, Wednesday’s high.

• On the ICE Futures Exchange in London Friday, Brent for January delivery jumped $1.92, or 2.48%, to settle at $79.41 a barrel by close of trade. Concerns over weakening global demand combined with indications that OPEC producers will not cut output have weighed on prices in recent months.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1186 TGT 1190,1195 SL 1181
  • SELL GOLD BELOW 1182 TGT 1178,1173 SL 1187

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

17Nov

IForex Market Trading Signals and News – 17 November 2014

TRADING TIPS :

  • Forex-Dollar softens on profit taking after upbeat U.S. Data.
  • Forex-EUR/USD steady on upbeat U.S., European data.
  • Forex-USD/JPY gains on upbeat U.S. retail sales, sentiment data.

EUR/USD
EUR/USD was up 0.33% at 1.2517, up from a session low of 1.2399 and off a high of 1.2524.The pair was likely to find support at 1.2393, Tuesday’s low, and resistance at 1.2578, the high from Nov.4. TThomsonReuters/University of Michigan’s preliminary reading on the overall consumer sentiment index for November hit 89.4, its highest reading since July 2007, beating forecasts for an 87.5 reading.The euro steadied against the dollar on Friday, taking back earlier losses steaming from upbeat U.S. retail sales data, as a better-than-expected euro area growth report fueled demand for the single currency.

USD/JPY
USD/JPY was up 0.46% at 116.31, up from a session low of 115.74 and off a high of 116.82.The pair was expected to test support at 113.84, Monday’s low, and resistance at 116.82,the session high.The Thomson Reuters/University of Michigan’s preliminary reading on the overall consumer sentiment index for November hit 89.4, its highest streading since July 2007, beating forecasts for an 87.5 reading.The dollar firmed against the yen on Friday after better-than- expected reports on U.S. retail sales and consumer sentiment reminded investors the Federal Reserve remains on track to raise interest rates in 2015.Core retail sales, which exclude volatile transportation items, increased by 0.3% in October, compared to expectations for a 0.2% gain after a 0.2% contraction the previous
month.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2547-TG:1.2567/1.2597 SL 1.2517
2. Sell EUR/USD Below 1.2478-TG:1.2458/1.2428 SL 1.2508

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

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