8Sep
sgx 08 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 08 September 2014

MARKET UPDATES :

  • THE Straits Trading Company Limited (Straits Trading) has agreed to sell the Straits Trading Building to the Sun Venture Group for S$450 million. Straits Trading is expected to realise an estimated capital gain of S$39 million on the sale, based on the building’s latest book value as at June 30, 2014. Based on historical cost, the gain to the company will be S$373 million,
  • THE Maritime and Port Authority of Singapore (MPA) on Friday said it has cancelled the bunker supplier and bunker craft operator licences of Northwest Resources Pte Ltd from September 1, 2014. This means Northwest Resources will no longer be allowed to operate as bunker supplier and bunker craft operator in the Port of Singapore.
  • GOLD exploration and mining group, Wilton Resources Corporation Limited, said that latest updates showed higher gold estimates at its Ciemas Gold project in West Java, Indonesia. The company, formed after a reverse take-over of Hartawan Holdings, said the updates came from a mineral resource report in June from SRK Consulting China Limited.
  • DMG Research has maintained its ‘buy’ call on Keppel Corporation and has pegged a target price of S$12.50 a share for the diversified marine conglomerate. This, after the group announced that it was in the process of finalising contracts with Golar Gimi Limited, a subsidiary of Golar LNG, to perform the conversion of a second LNG carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV).

STOCK RECOMMENDATION :

  • BUY OVERSEA CHINESE BANKING ABOVE 9.760 TG 9.860, 9.980, 10.200 SL 9.640

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

5Sep

Comex Commodity Trading Signals and Market News – 05 September 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased further in Asia on Friday, driven by sentiment the dollar will move to further strength after the European Central Bank cut rates and that physical demand may wane. On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at $1,258.80 a troy ounce, down 0.61%, after hitting an overnight session low of $1,267.60 and off a high of $1,277.90. gold prices moved lower after upbeat U.S. service-sector data fueled demand for the greenback, though a ECB decision to stimulate the economy cushioned losses by sending investors hedging the precious metal against a sliding euro. The Institute for Supply Management reported earlier that its services index rose to 59.6 in August from 58.7 in July, far surpassing market forecasts for a downtick to 57.5.

Natural gas prices took a dive on Thursday after a widely-watched report revealed that U.S. inventories grew more last week than markets were anticipating. On the New York Mercantile Exchange, natural gas futures for delivery in October were down 1.26% at $3.799 per million British thermal units during U.S. trading. The commodity hit a session low of $3.791, and a high of $3.879. The October contract settled down 1.11% on Wednesday to end at $3.847 per million British thermal units. Natural gas futures were likely to find support at $3.732 per million British thermal units, the low from Aug. 17, and resistance at $4.078, Tuesday’s high. Analysts were expected a build of 73 billion cubic feet, and the greater than-expected figure softened natural gas prices.

Copper futures bounced off the previous session’s two-week low on Thursday, as investors looked ahead to a policy decision from the European Central Bank as well as key U.S. data scheduled for later in the session. Prices held in a range between $3.127 and $3.145 a pound. Futures were likely to find support at $3.113, the low from August 20 and resistance at $3.174 a pound, the high from September 2. Focus turns to the European Central Bank’s policy meeting later in the day, amid speculation the central bank could unveil fresh stimulus measures to fight inflation and boost growth.

• West Texas Intermediate oil futures were lower on Thursday, as investors awaited the release of weekly supply data out of the U.S. later in the session to gauge the strength of oil demand from the world’s largest consumer. The report comes out one day later than usual because of the U.S. Labor Day holiday. On the New York Mercantile Exchange, crude oil for delivery in October declined 0.89%, or 85 cents, to trade at $94.69 a barrel during European morning hours. Prices held in a narrow range between $94.66 and $95.28 a barrel. Futures were likely to find support at $93.06 a barrel, the low from September 3 and resistance at $95.91 a barrel, the high from September 2.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1266 TGT 1270,1275 SL 1261
  • SELL GOLD BELOW 1262 TGT 1258,1253 SL 1267

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

5Sep
forex-trading3

IForex Market Trading Signals and News of 05 September 2014

TRADING TIPS :

  • Forex-Dollar steady as central banks, U.S. data awaited.
  • Forex-Euro steady ahead of ECB policy announcement.
  • Forex-Japanese yen retraces weakness after BoJ keeps policy steady.

NZD/USD
NZD/USD dipped 0.10% to 0.8316, not far from the six month trough of 0.8286 struck on Wednesday.The pair was likely to find support at around 0.8286 and resistance at the 0.8350 level.The New Zealand dollar ended Wednesday’s session slightly higher against the greenback as hopes that a resolution to end the conflict in Ukraine could be reached buoyed investor sentiment.Demand for the greenback continued to be underpinned by expectations that the Federal Reserve is growing closer to raising interest rates as recent upbeat economic reports indicated that the U.S. recovery is deepening.

GBP/USD
GBP/USD was trading at 1.6453, holding above Wednesday’s lows of 1.6438, the weakest level since February. Cable was likely to find support at around 1.6380 and resistance at about the 1.65 level.The BoE was widely expected to leave rates on hold on Thursday, even though the monetary policy committee was split seven to two in favor of a rate hike last month.Expectations that the BoE will raise interest rates in the coming months have been boosted by economic reports pointing to a deepening recovery.Speculation has been mounting that the ECB will announce quantitative easing measures as a way to stave off deflation after the annual rate of euro area inflation slowed to a five year low of 0.3% last month

RECOMMENDATION :

1. Buy EUR/USD Above 0.8377-TG: 0.8397/0.8437 SL 0.8347
2. Sell EUR/USD Below 0.8303-TG: 0.8283/0.8253 SL 0.8333

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

4Sep
sgx 05 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 05 September 2014

MARKET UPDATES :

  • Eight bids have been received for an executive condominium (EC) site along Choa Chu Kang Drive. Sim Lian Land placed the top bid of S$207.4 milion or S$361 per square foot per plot ratio (psf ppr) for the site, which is expected to yield an estimated 535 homes. ECs are a public-private housing hybrid with initial buyer eligibility and resale restrictions that are completely lifted 10 years after the completion of the project.
  • SINGAPORE Airshow, Asia’s largest aerospace and defence exhibition, contributed S$319 million to the Singapore economy in 2014. A study by Kadence International said that this was a 25 per cent increase from the 2012 edition and that the growth was supported by a substantial increase in foreign expenditure, which rose 30 per cent from 2012.
  • HDB resale prices slipped 1.1 per cent in August compared with July 2014, data from the Singapore Real Estate Exchange (SRX) shows. The three and four-room flats were the main drag, as their resale prices fell 2 per cent and 0.9 per cent respectively in August. The larger flats – five-room and executive flats – turned out to be resilient in August, with resale prices edging up 0.8 per cent and 1.5 per cent respectively.
  • CHARISMA Energy Services Limited said on Thursday that it has secured a US$72 million contract over a seven-year period to provide a fleet of five offshore support vessels for a Middle Eastern national oil company for use in the Arabian Sea. The provider of mechanical and electrical engineering services in Singapore said that the project will be funded through internal resources, as well as bank borrowings.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.690 TG 2.730, 2.780, 2.840 SL2.640

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

4Sep
forex-market-hours

IForex Market Trading Signals and News of 04 September 2014

TRADING TIPS :

  • Forex-Dollar index still broadly supported, near 13-month highs.
  • Forex-Euro eases but remains close to 1-year lows.
  • Forex-EUR/USD touches session highs but gains checked.

NZD/USD
NZD/USD hit 0.8288 during late Asian trade, the pair’s lowest since February; the pair subsequently consolidated at 0.8314, easing 0.03%.The pair was likely to find support at 0.8052 and resistance at 0.8390, Tuesday’s high. The greenback remained supported after the Institute of Supply Management reported on Tuesday that its manufacturing index jumped to 59 in August, the most since March 2011, while data firm Markit said its manufacturing index rose to 57.9, up from 55.8 in July.Investors were looking ahead to the latest U.S. Employment report, due for release on Friday, for further indications on the strength of the recovery in the labor market, a key factor in deciding the future path of monetary policy.

GBP/USD
GBP/USD hit 1.6489 during European morning trade, the session high; the pair subsequently consolidated at 1.6488, adding 0.12%.Cable was likely to find support at 1.6446, the session low and resistance at 1.6615, Tuesday’s high.Market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index rose to 60.5 last month from a reading of 59.1 in July. Analysts had expected the index to decline to 58.5 in August.The data came a day after data showed that activity in the U.K. construction sector expanded at the fastest rate since January last month.

RECOMMENDATION :

1. Buy NZD/USD Above 0.8332-TG: 0.8352/0.8382 SL 0.8302
2. Sell NZD/USD Below 0.8273-TG: 0.8253/0.8223 SL 0.8303

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

4Sep

Comex Commodity Trading Signals and Market News – 04 September 2014

INTERNATIONAL COMMODITY NEWS :

Natural gas prices edged lower on Wednesday after weather forecasting models continued to call for milder temperatures to move across the U.S. this weekend, which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation’s thermal power plants. On the New York Mercantile Exchange, natural gas futures for delivery in October were down 1.32% at $3.839 per million British thermal units during U.S. trading. The commodity hit a session low of $3.838, and a high of $3.917. The October contract settled down 4.31% on Tuesday to end at $3.890 per million British thermal units. Natural gas prices jumped higher last week, rising above the $4 level for the first time since mid-July as higher-than-average temperatures bolstered the demand outlook. Demand for natural gas tends to fluctuate in the summer based on hot weather and air conditioning use.

Gold prices weakened marginally in Asia on Thursday with an eye on geoploitical tensions in the Ukraine and Middle East .On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at $1,269.50 a troy ounce, down 0.06%, after hitting an overnight session low of $1,262.10 and off a high of $1,272.00. Gold, a safe haven in times of geopolitical uncertainty, held onto its gains despite talk of a ceasefire in Ukraine.Ukraine’s President Petro Poroshenko said he had agreed with Russian President Vladimir Putin to take steps to establish a “permanent ceasefire” in eastern Ukraine.

Crude oil futures rebounded from the previous session’s steep declines on Wednesday, after Kiev said it has reached a deal with Russia for a ceasefire in eastern Ukraine. On the ICE Futures Exchange in London, Brent oil for October delivery rallied 1.3%, or $1.30, to trade at $101.65 a barrel during U.S. morning hours. Market sentiment improved after Ukraine’s President Petro Poroshenko said he had agreed on a “permanent ceasefire” with eastern Ukraine with Russian President Vladimir Putin. However, a spokesman for President Putin subsequently said he had not agreed to a ceasefire as Russia was not party to the conflict but added that the two leaders had “discussed how to end the conflict”

TRADING STRATEGY :

  • SELL GOLD BELOW 1266 TGT 1262,1256 SL 1271
  • BUY GOLD ABPVE 1276 TGT 1280,1285 SL 1270.50

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

4Sep
sgx 04 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 04 September 2014

MARKET UPDATES :

  • SINGAPORE is the world’s second most competitive economy for the fourth year running, according to the World Economic Forum’s (WEF’s) latest Global Competitiveness Index (GCI). The 2014-2015 report released on Wednesday had Switzerland in first place for a sixth consecutive year. Using 12 pillars – including infrastructure, macroeconomic environment, health and primary education – the WEF GCI ranks the competitiveness performance of 144 economies worldwide, and is the most comprehensive assessment of its kind globally.
  • TUAN Sing Holdings Limited on Wednesday said it would buy over the 50 per cent stake in Australia’s Grand Hotel Group (GHG) belonging to joint venture partner Morgan Stanley, for A$126.04 million (S$146.5 million). When the deal is completed, Tuan Sing will have full control in GHG, which owns two five-star hotels in Australia – Grand Hyatt Melbourne and Hyatt Regency Perth.
  • JURONG Shipyard, a wholly owned unit of Sembcorp Marine is selling two tranches of bonds, one with a long 15-year duration, not seen in recent years for non-bank corporate issuers. This is a new issue by Jurong Shipyard, and two tenures are on offer – seven years and 15 years – according to a termsheet seen by The Business Times on Wednesday. The price guidance for seven-year bonds is low 3 per cent while the 15-year is in the 4 per cent area.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.380 TG 3.430, 3.480, 3.540 SL 3.320

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

3Sep

Comex Commodity Trading Signals and Market News – 03 September 2014

INTERNATIONAL COMMODITY NEWS :

Oil prices dropped on Tuesday due to mounting concerns that global supply is far outreaching demand, while a stronger U.S. dollar also bruised the commodity .In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded down 3.01% at $93.07 a barrel during U.S. trading. New York-traded oil futures hit a session low of $92.93 a barrel and a high of $95.88 a barrel. While the U.S. economy continues to show signs of improvement, the global economy may be battling headwinds, concerns of which that battered crude prices earlier. China’s official manufacturing index ticked down to 51.1 from 51.7 in July, while the HSBC manufacturing index slowed to 50.2 from 50.3 the previous month.

Natural gas prices dropped on Tuesday after weather forecasting models called for falling temperatures across the U.S., which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation’s thermal power plants. On the New York Mercantile Exchange, natural gas futures for delivery in October were down 3.60% at $3.919 per million British thermal units during U.S. trading. The commodity hit a session low of $3.898, and a high of $4.073. The October contract settled up 0.52% on Friday to end at $4.065 per million British thermal units. U.S. markets were closed on Monday for the Labor Day holiday. Natural gas prices jumped higher last week, rising above the $4 level for the first time since mid-July on the coattails of above-average U.S. temperatures.

Gold prices dropped on Tuesday after an upbeat U.S. manufacturing report fueled demand for the U.S. dollar, which trades inversely with the yellow metal. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,265.70 a troy ounce during U.S. trading, down 1.69%, up from a session low of $1,263.20 and off a high of $1,288.60. The December contract settled down 0.23% at $1,287.40 on Friday. U.S. markets were closed on Monday for the U.S. Labor Day holiday. The greenback firmed and gold fell after the Institute for Supply Management reported that its manufacturing purchasing managers’ index jumped to 59.0 in August from 57.1 in July, defying analysts’ calls for the index to tick down to 56.8.

TRADING STRATEGY :

  • SELL GOLD BELOW 1266 TGT 1262,1256 SL 1271
  • BUY GOLD ABPVE 1270 TGT 1274,1279 SL 1265

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

3Sep
forex-trading3

IForex Market Trading Signals and News of 03 September 2014

TRADING TIPS :

  • Forex-Dollar index rallies to more than 1-year high.
  • Forex-Euro at 1-year lows against dollar amid ECB uncertainty.
  • Forex-Dollar hits 7-month highs vs. yen, euro at 1-year lows.

NZD/USD
NZD/USD hit 0.8342 during late Asian trade, the pair’s lowest since August 27; the pair subsequently consolidated at 0.8346, shedding 0.36%.The pair was likely to find support at 0.8311, the low of August 26 and a six-month low and resistance at 0.8407, the high of August 28.Investors continued to monitor developments in Ukraine after European Union leaders threatened over the weekend to impose a new round of sanctions on Russia if Moscow does not scale back its involvement in the conflict in eastern Ukraine.The commodity-linked currency had come under some pressure on Monday, after data showed that factory growth in China slowed last month.

GBP/USD
GBP/USD hit 1.6546 during European morning trade, the pair’s lowest since August 27; the pair subsequently consolidated at 1.6548, sliding 0.36%.Cable was likely to find support at 1.6525, the low of August 25 and a five- month low and resistance at 1.6615, the session high.The pound came under pressure after a poll showed the Yes to Independence camp gaining ground in the Scottish referendum battle.According to The Guardian, the YouGov poll released on Monday night put the lead for the No campaign at six points, down from 14 points in the middle of August and 22 points early last month.Sterling shrugged off data showing that activity in the U.K. construction sector expanded at the fastest rate since January last month.

RECOMMENDATION :

1. Buy NZD/USD Above 0.8381-TG: 0.8401/0.8431 SL 0.8351
2. Sell NZD/USD Below 0.8303-TG: 0.8283/0.8253 SL 0.8333

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

3Sep
sgx 03 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 03 September 2014

MARKET UPDATES :

  • MAINBOARD-LISTED Rotary Engineering said on Tuesday it had won several contracts worth a total value of about S$80 million, including one which allowed it to break into the LNG (liquefied natural gas) space. Rotary – an engineering, procurement, construction and maintenance services company supporting the oil and gas and petrochemical industry – said it won its first LNG contract, through a deal with IHI Corporation.
  • OCBC Investment Research has downgraded its take on the oil and gas sector to neutral, but added that the long- term outlook is positive. The September report noted that there has been a softening in the day rates for deepwater and ultra-deepwater rigs, though charter rates for jackups are still holding up.
  • SINGAPORE has overtaken China as the largest source of Asian outbound real estate investment in the first six months of this year. Hong Kong, China and Malaysia trail behind. Ada Choi, senior director for CBRE Research Asia, noted that Singaporean investors were “driven overseas by domestic yield compression and a lack of suitable assets”.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.590 TG 2.630, 2.670, 2.730 SL 2.530

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

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