21Oct
forex-trading3

IForex Market Trading Signals and News – 21 October 2014

TRADING TIPS :

  • Forex-Dollar higher against yen as sentiment improves.
  • Forex- Euro little changed vs. dollar, gains against yen.
  • Forex- Pound pushes higher vs. dollar in quiet trade.

GBP/USD
GBP/USD was up 0.25% to 1.6133, not far from session highs of 1.6135. Data on Friday showed that U.S. consumer sentiment rose to the highest level since July 2007 this month and another report showed that U.S. housing starts rose more than expected in September. The data reinforced expectations that the Federal Reserve will raise interest rates in the second half of 2015 and calmed investor jitters at the end of a volatile week of trading.Sterling slumped to 11-month lows against the dollar mid-week after data showed that the annual rate of U.K. inflation slowed to 1.2% in September, down from 1.5% in August.

EUR/USD
EUR/USD edged up 0.05% to 1.2766, holding below the three-week highs of 1.2876 hit last Wednesday. Data on Friday showed that U.S. consumer sentiment rose to the highest level since July 2007 this month and another report showed that U.S. housing starts rose more than expected in September.The data reinforced expectations that the Federal Reserve will raise interest rates in the second half of 2015 and calmed investor jitters at the end of a volatile week of trading.The dollar fell to three week lows against the euro mid-week and weakened against the other major currencies amid fears that slower global growth would act as a drag on the U.S. economy.The Nikkei newspaper said Monday that the $1.2 trillion Government Pension Investment Fund will raise its target for foreign bonds and shares to around 30% from 23%.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6165-TG:1.6195/1.6225 SL 1.6135
2. Sell GBP/USD Below 1.6100-TG:1.6080/1.6050 SL 1.6130

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

21Oct

Comex Commodity Trading Signals and Market News – 21 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Tuesday, rebounding from downbeat news from Europe overnight and looking ahead to key China economy data. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,247.20 a troy ounce, up 0.20%, after hitting an overnight session low of $1,235.00 and off a high of $1,249.00. At 0200 GMT, China is expected to release third quarter GDP data, with a gain of 7.3% forecast year-on-year, as well as industrial output for September, seen up 7.5% on year, and September retail sales, expected to have gained 11.8%.

• U.S. natural gas futures fell to an 11-month low on Monday, as investors bet that mild weather will dampen early-winter demand for the heating fuel. On the New York Mercantile Exchange, natural gas for delivery in November fell to a session low of $3.674 per million British thermal units, a level not seen since November 21, 2013. Prices recovered to last trade at $3.677 during U.S. morning hours, down 8.9 cents, or 2.36%.Futures were likely to find support at $3.659 per million British thermal units, the low from November 21, and resistance at $3.817, the high from October 17.

Crude oil prices were flat in Asia on Tuesday as investors awaited key data from China adn looked ehad to industry data on U.S. petroleum stocks. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in December traded at $81.91 a barrel, down 0.01%, after hitting an overnight session low of $80.81 a barrel and a high of $82.73 a barrel. At 0200 GMT, China is expected to release third quarter GDP data, with a gain of 7.3% forecast year-on-year, as well as industrial output for September, seen up 7.5% on year, and September retail sales, expected to have gained 11.8%.

Copper futures edged lower during European morning trade on Monday, as market players looked ahead to key economic data later in the week which could provide more evidence of a slowdown in China .On the Comex division of the New York Mercantile Exchange, copper for December delivery traded at $2.988 a pound during European morning hours, down 1.5 cents, or 0.51%. Comex copper prices slumped to $2.951 on Friday, a level not seen since March 23, before turning higher to end at $3.003, up 2.2 cents, or 0.74%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1250 TGT 1254,1260 SL 1245
  • SELL GOLD BELOW 1243 TGT 1239,1234 SL 1248

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

20Oct
sgx 21 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 21 October 2014

MARKET UPDATES :

  • SINGAPORE share prices closed higher on Monday with the Straits Times Index up 13.32 points to 3,181.05. Volume was 1.07 billion shares worth S$1.04 billion. Gainers outnumbered losers 243 to 173.
  • Hong Kong shares finished slightly higher on Monday, underpinned by positive US economic data and in line with regional bourses, but investors stayed cautious due to recent volatility. The Hang Seng Index closed up 0.2 per cent at 23,070.26 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 0.6 percent. Top index boost China Overseas Land & Investment gained 1.7 per cent and China Resources Land rose 0.9 per cent. Casino shares continued their rise from Friday after Sands China posted solid quarterly earnings. Sands China rose 0.9 per cent and Galaxy Entertainment was up 1.1 per cent. REUTERS
  • CONSUMERS are generally satisfied with telecom services in Singapore, but service providers here were urged by the Infocomm Development Authority of Singapore (IDA) on Monday to continue focusing on customer engagement and service. The Consumer Awareness and Satisfaction Survey (CASS) commissioned by the IDA said all telco services scored above 3.5 out of a perfect score of 5 (denoting “very satisified”) for the three factors of quality of service, price competitiveness of the service offerings and variety of services. The survey, which covered 1,500 respondents interviewed door-to-door between December 2013 and March 2014, found consumers to be very aware of the terms of telecom services, which would help them avoid incurring unnecessary fees and charges.
  • DOMESTIC pass-through price pressures have pushed up both the headline inflation rate (CPI-All Item) and core inflation rate expectations for the first time since September 2012.The one-year-ahead inflation expectations of Singapore households has inched up to 3.73 per cent, going by the research findings of the latest quarterly survey for Singapore Index of Inflation Expectations (SInDEx) by the Singapore Management University (SMU). In June 2014, the one-year-ahead headline inflation was 3.66 per cent.
  • OCBC Investment Research maintains its “sell” rating on Tiger Airways Holdings, lowering its fair-value estimate to 21 Singapore cents, from 35 Singapore cents previously. Last week, Tigerair announced a proposal to undertake an 85-for-100 rights issue to raise gross proceeds of up to S$234 million at S$0.20 per rights share. SIA has undertaken to subscribe for its pro-rata entitlement as well as excess rights shares up to total of S$140 million. SIA also announced that it will convert all its perpetual convertible capital securities (PCCS) holdings into shares prior to the rights issue, raising its stake in Tigerair from 40 per cent to approximately 55 per cent.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 18.000 TG 18.100, 18.230, 18.300 SL 17.850

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

20Oct

Comex Commodity Trading Signals and Market News – 20 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell in Asia early Monday as China moved to prime growth and investors see more likelihood the U.S. Federal Reserve will move to hike rates early next year. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,236.30 a troy ounce, down 0.22%, after settling at a troy ounce by close of trade last week. U.S. and European stock markets rallied on Friday, following steep losses and massive intraday swings over the past five days, sparked by concerns about global economic weakness and fears over the spread of Ebola. Investors continued to speculate over the timing of a rate hike in the U.S. after a report showed that the University of Michigan’s consumer sentiment index unexpectedly rose to 86.4 in October, the most since July 2007.

• U.S. natural gas futures slumped to an 11-month low on Friday, as investors bet that mild weather will dampen early-winter demand for the heating fuel. On the New York Mercantile Exchange, natural gas for delivery in November sank to a daily low of $3.715 per million British thermal units on Friday, a level not seen since November 21, 2013. Prices came off the lows to settle at $3.766 by close of trade, down 3.0 cents, or 0.79%. On the week, Nymex natural gas prices lost 9.3 cents, or 2.4%, the second straight weekly decline. Futures were likely to find support at $3.659 per million British thermal units, the low from November 21, and resistance at $3.834, the high from October 16.

Crude oil futures ended Friday’s session modestly higher, as investors returned to the market to seek cheap valuations in wake of recent losses and to close out bets on lower prices. On the New York Mercantile Exchange, crude oil for delivery in November inched up 5 cents, or 0.06%, on Friday to end the week at $82.75 a barrel. New York-traded oil futures tumbled to $79.78 a barrel on Thursday, a level not seen since June 2012. For the week, New York-traded oil futures lost $3.07, or 3.57%, the fifth weekly decline over the past six weeks. London-traded Brent prices fell to $82.93 on Thursday, the lowest level since December 2010. For the week, the November Brent contract dropped $4.05, or 4.48%, the fourth straight weekly loss.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1239 TGT 1243,1248 SL 1234
  • SELL GOLD BELOW 1232 TGT 1228,1223 SL 1237

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

20Oct
Forex Signals

IForex Market Trading Signals and News – 20 October 2014

TRADING TIPS :

  • Forex-Dollar broadly higher vs. rivals as U.S. data supports .
  • Forex-Japanese yen weaker in Asia, Aussie gains in light data day.
  • Forex-EUR/USD pushes lower as market sentiment wanes.

GBP/USD
GBP/USD hit 1.6030 during European morning trade, the session low; the pair subsequently consolidated at 1.6055, shedding 0.20%.Cable was likely to find support at 1.5940, Thursday’s low and resistance at 1.6182, the high of October 8.The greenback’s gains were limited however as St. Louis Federal Reserve President James Bullard said the U.S. central bank may want to maintain its bond buying fornow given a drop in inflation expectations.Sterling was steady against the euro, with EUR/GBP inching up 0.06% to 0.7967.Sentiment on the euro remained vulnerable amid growing concerns over the threat of deflation in the euro zone after revised data on Thursday showed that bloc’s consumer price inflation rose by 0.3% in September, in line with expectations.

EUR/USD
EUR/USD hit 1.2835 during European afternoon trade, the session high; the pair subsequently consolidated at 1.2823, adding 0.11%.The pair was likely to find support at 1.2704, Thursday’s low and resistance at 1.2903, the high of September 23.Sentiment recovered mildly on Thursday after the U.S. Department of Labor reported that the number of individuals filing for initial jobless benefits in the week ending October 11 decreased by 23,000 to a 14-year low of 264,000 from the previous week’s total of 287,000.Analysts had expected jobless claims to rise by 3,000 to 290,000 last week.A separate report showed that U.S. industrial production climbed 1.0% last month, beating expectations for a 0.4% rise.In addition, St. Louis Federal Reserve President James Bullard said the U.S. central bank may want to maintain its bond buying for now given a drop in inflation expectations.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6131-TG:1.6151/1.6181 SL 1.6101
2. Sell GBP/USD Below 1.6048-TG:1.6028/1.5998 SL 1.6078

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

20Oct
sgx 20 oct 14

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

MARKET UPDATES :

  • SINGAPORE’S key non-oil domestic exports (NODX) continued to expand year-on-year in September but at a slower pace. The NODX rose just 0.9 per cent after a 6.0 per cent jump in August, still wrapping up the third quarter with an overall positive upturn. But the NODX was down sharply by a seasonally- adjusted 8.8 per cent month on month in September, reversing the previous month’s 7.6 per cent rise, according to the latest trade figures released on Friday morning by International Enterprise Singapore.
  • THE contract states that Singapore will host the next five editions of the BNP Paribas Women’s Tennis Association’s (WTA) Finals, that is, until 2018, but there is every chance that the deal could be extended beyond that if things go well.
  • SINGAPORE shares ended higher on Friday with the benchmark Straits Times Index up 14.97 points to close at 3,169.18. Volume was 1.12 billion shares worth S$1.02 billion. Losers outnumbered gainers 284 to 162.
  • Hong Kong shares finished higher on Friday, lifted by signs of recovery in overseas markets and a good earnings report from one casino that lifted stocks in that sector. The Hang Seng Index closed up 0.5 per cent at 23,023.21 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong also rose 0.5 per cent. For the week, the two indices were down 0.3 per cent and 0.7 per cent, respectively. Shares of Sands China Ltd, which posted solid third-quarter results, rose 5.3 per cent. Galaxy Entertainment Group Ltd gained 4.6 per cent.
  • China on Friday issued new rules to get loss-making companies or those in violation of regulatory practices to delist, in its latest move to improve stock market conditions, and vowed stricter enforcement of the guidelines.Traders say market regulations have been too loosely enforced in previous delisting exercises. The China Securities Regulatory Commission (CSRC) published the rules, effective immediately, after seeking public feedback via a draft made public in July.
  • SINGAPORE and the European Union (EU) have now concluded negotiations for the EU-Singapore free trade agreement (EUSFTA), after wrapping up discussions on investment protection, Singapore’s Ministry of Trade and Industry (MTI) said on Friday.Negotiations on the Investment Protection Chapter of the EUSFTA had started later, based on a new EU competence under the Lisbon Treaty. The chapter will now undergo legal scrubbing before the negotiations are finalised, signed and ratified.
  • ON Tuesday morning, the Monetary Authority of Singapore (MAS) lowered its 2014 forecast for headline inflation to 1-1.5 per cent and narrowed its core inflation forecast to 2-2.5 per cent,

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.640 TG 6.700, 6.780, 6.880 SL 6.560

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

17Oct

Comex Commodity Trading Signals and Market News – 17 October 2014

INTERNATIONAL COMMODITY NEWS :

Crude oil prices rebounded smartly in early Asia on Friday as investors pulled back from recent bearish sentiment on supply. On the New York Mercantile Exchange, West Texas intermediate which expired at settlement Thursday, settled up 0.8% at $84.47 a barrel on ICE Futures Europe Thursday. December futures rose 2% to $85.82 a barrel The U.S. Energy Information Administration reported early that U.S. crude stockpiles rose by 8.92 million barrels last week, exceeding market forecasts for a gain of 2.78 million barrels.

Gold prices held nearly flat in early Asia on Friday with few immediate data cues in the region on the day ahead On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,238.80 a troy ounce, down 0.01%, after hitting an overnight session low of $1,236.10 and off a high of $1,245.50. gold futures traded steady to lower,

Natural gas futures moved lower on Thursday on news of rising U.S. stockpiles, while forecasts for mild fall weather also pressured the commodity lower, though bottom fishing brought prices up from earlier lows. On the New York Mercantile Exchange, natural gas futures for delivery in November were down 0.12% at $3.796 per million British thermal units during U.S. trading. The commodity hit a session low of $3.750, and a high of $3.83, Natural gas futures were likely to find support at $3.725 per million British thermal units, the low from July 28, and resistance at $3.955, Tuesday’s high.

Crude futures slid on Thursday after data revealed U.S. inventories rose more than markets were expecting last week, while soft Chinese inflation figures softened the commodity as well by stoking concerns that global supply far outstrips demand In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 0.42% at $81.44 a barrel during U.S. trading. New York-traded oil futures hit a session low of $79.86 a barrel and a high of $81.79 a barrel.

Gold futures traded steady to lower on Thursday, buoyed earlier after soft Chinese inflation data sparked global growth concerns that fueled safe-haven demand for the precious metal, though upbeat U.S. data kept the commodity in negative territory On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,241.60 a troy ounce, down 0.26%, up from a session low of $1,236.10 and off a high of $1,245.50 .Futures were likely to find support at $1,220.00 a troy ounce, Wednesday’s low, and resistance at $1,25.30, Wednesday’s high. Official data released on Wednesday showed that Chinese inflation for September slowed to 1.6% on-year from 2.0% in August, below expectations for a reading of 1.7%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1242 TGT 1246,1251 SL 1237
  • SELL GOLD BELOW 1232 TGT 1228,1223 SL 1237

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

17Oct
forex-trading3

IForex Market Trading Signals and News – 17 October 2014

TRADING TIPS :

  • Forex-Dollar recovers from previous day’s losses, U.S. data on tap .
  • Forex-GBP/USD almost unchanged, near 11-month lows .
  • Forex-EUR/USD pushes lower as market sentiment wanes.

GBP/USD
GBP/USD hit 1.5951 during European morning trade, the session low; the pair subsequently consolidated at 1.6002, easing 0.11%.The pound was almost unchanged against the U.S. dollar on Thursday, still hovering close to an 11- month low as the greenback recovered from the previous day’s sharp losses due to weak U.S. economic reports.Cable was likely to find support at 1.5873, Wednesday’s low and an 11-month low and resistance at 1.6103, the high of October 14.Official data showed that U.S. retail sales fell 0.3% last month, more than the expected 0.1% slip, while core retail sales, which exclude automobiles, dropped 0.2% in September, confounding expectations for a 0.3% gain.

EUR/USD
EUR/USD hit 1.2706 during European early afternoon trade, the session low; the pair subsequently consolidated at 1.2737, retreating 0.76% The pair was likely to find support at 1.2623, Wednesday’s low and resistance at 1.2886, Wednesday’s high and a three-week high.that euro zone consumer price inflation remained at 0.3% in September, in line with expectations.Core CPI, which excludes food, energy, alcohol, and tobacco, ticked up to 0.8% last month from an initial estimate of 0.7%.The euro pushed lower against the U.S. dollar on Thursday, after euro zone inflation data came out in line with expectations as mounting concerns over global economic growth continued to dominate market sentiment.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6022-TG:1.6042/1.6072 SL 1.5992
2. Sell GBP/USD Below 1.5954-TG:1.5934/1.5904 SL 1.5984

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

16Oct
sgx 17 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 17 October 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Thursday with the benchmark Straits Times Index down 44.51 points to close at 3,154.21. Volume was 1.36 billion shares worth S$1.34 billion. Losers outnumbered gainers 420 to 75.
  • Chinese banks made 857.2 billion yuan (US$140 billion) worth of new loans in September, data showed on Thursday, beating market expectations in a sign that demand for credit may be picking up. But a drop on China’s foreign exchange reserves in the third quarter signalled speculative money outflows amid increased worries about the country’s economic slowdown. Economists polled by Reuters had expected new loans totalling 730-735 billion yuan last month, an increase from 702.5 billion yuan in August.
  • A SINGAPORE-BASED mobile advertising startup has raised US$19 million in Series B, believed to be the highest such amount here this year, surpassing taxi-booking app GrabTaxi’s US$15 million in May. This also marks a record second round of financing by a company in the advertising technology (ad-tech) industry globally, AdNear’s founder and chief executive officer, Anil Mathews, told The Business Times on Wednesday. AdNear – whose location intelligence platform programmatically sends location-relevant ads to mobile audiences on behalf of retailers – snagged new investors Telstra Ventures and Global Brain in this latest round backed by existing investors Sequoia Capital and Canaan Partners.
  • A unit of Singapore Technologies Engineering, ST Electronics, has won new contracts worth $513 million in the third quarter.The bulk of the contract wins worth $295 million is for it to provide advanced electronics and info- comms technology solutions, where it will help to build security systems in Singapore and around the region.
  • Three Malaysian banks said on Thursday that they are in merger talks, which, if successful, will create the country’s biggest lender and the fourth-largest by assets in South-east Asia. The complicated three-way marriage of CIMB Group, the country’s No. 2 bank, with smaller rivals RHB Capital and Malaysia Building Society Bhd, will also lead to the formation of an Islamic mega bank that will strengthen Malaysia’s lead in Islamic finance in Asia. The move comes as members of the Association of Southeast Asian Nations work on plans to partially integrate their economies and financial systems, with member countries keen to build national banking champions.
  • Chinese e-commerce firm Alibaba Group Holding Ltd said on Thursday it has changed the name of its Alipay financial services affiliate to Ant Financial Services Group as it steps up its push into the financial services industry. Alibaba has been aggressively offering new financial services around Alipay, including a money market fund for consumers, a mobile payment app and even a new private bank that was approved by the Chinese government in September.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.640 TG 6.700, 6.780, 6.880 SL 6.560

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

16Oct

Comex Commodity Trading Signals and Market News – 16 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures rose on Wednesday on safe-haven demand after weak U.S. indicators sent U.S. stocks and the dollar dropping earlier. Gold and the dollar tend to trade inversely with one another, while the yellow metal often enjoys safe-harbor demand amid times of dropping stock indices. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,245.90 a troy ounce, up 0.94%, up from a session low of $1,222.20 and off a high of $1,250.00.

Copper futures were mildly lower during European morning trade on Wednesday, after data showed that Chinese inflation in September slowed more than expected, underlining concerns over the health of the world’s second biggest economy. On the Comex division of the New York Mercantile Exchange, copper for December delivery traded at $3.074 a pound during European morning hours, down 1.6 cents, or 0.52%. A day earlier, Comex copper prices hit a daily high of $3.104, a level not seen since September 19, before settling at $3.090 a pound, up 4.9 cents, or 1.63%.

Natural gas futures edged lower on Wednesday after updated weather forecasting models scaled back on the intensity of a U.S. cool snap, leaving investors to conclude demand for heating will be less than once anticipated. On the New York Mercantile Exchange, natural gas futures for delivery in November were down 0.72% at $3.789 per million British thermal units during U.S. trading. The commodity hit a session low of $3.765, and a high of $3.855.The November contract settled down 2.55% on Tuesday to end at $3.816 per million British thermal units.

Brent oil futures extended losses to hit the weakest level since late 2010 on Wednesday, as investors piled on to their short positions in anticipation of lower prices amid speculation the Organization of the Petroleum Exporting Countries will not cut output to support the market. On the ICE Futures Exchange in London, Brent oil for December tumbled to a daily low of $83.74 a barrel, a level not seen since December 2010. Prices last traded at $84.49 during European morning hours, down 92 cents, or 1.08%.

• A double shot of weak European data and an International Energy Agency decision to trim its demand outlook sent crude futures plunging on Tuesday. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 2.13% at $83.91 a barrel during U.S. trading. New York-traded oil futures hit a session low of $83.79 a barrel and a high of $85.60 a barrel.The November contract settled down 0.09% at $85.74 a barrel on Monday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1242 TGT 1246,1251 SL 1237
  • SELL GOLD BELOW 1237 TGT 1233,1228 SL 1242

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

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