16Oct

IForex Market Trading Signals and News – 16 October 2014

TRADING TIPS :

  • Forex-Dollar rises broadly as euro zone worries dampen sentiment.
  • Forex-Dollar posts solid gains on soft U.K., euro zone data.
  • Forex-USD/JPY edges lower after Amari comments.

GBP/USD
GBP/USD hit 1.5878 during European morning trade, the pair’s lowest since November 2013; the pair subsequently consolidated at 1.5901, dipping 0.01%. Cable was likely to find support at 1.5852 and resistance at 1.6103, Tuesday’s high.Meanwhile, market sentiment remained under pressure amid growing concerns over the outlook for growth in the euro zone after data on Tuesday showed that the bloc’s industrial production declined more than expected in August, while July’s figure was revised down.A separate report showed that German economic sentiment deteriorated to the lowest level since December 2012 in October, fuelling further concerns over the euro zone’s largest economy.

USD/JPY
USD/JPY hit 107.50 during European early afternoon trade, the pair’s high since Monday; the pair subsequently consolidated at 107.20, adding 0.14%.The pair was likely to find support at 106.65, Tuesday’s low and a one-month low and resistance at 107.66, the high of October 13.The yen found support after Japanese Economics Minister Akira Amari said in parliament on Wednesday that the government is not pursuing a policy to intentionally weaken the nation’s currency and that it is necessary to monitor any negative impact from rising import prices. Later in the day, the U.S. was to release data on retail sales, as well as reports on producer prices and manufacturing activity in the New York region.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5925-TG:1.5945/1.5975 SL 1.5805
2. Sell GBP/USD Below 1.5868-TG:1.5848/1.5818 SL 1.5898

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

16Oct
sgx 16 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 16 October 2014

MARKET UPDATES :

  • RETAIL sales expanded 5.4 per cent year on year in August, lifted by sales of motor vehicles, without which overall sales would have dipped 1.6 per cent. According to a release from the Department of Statistics (DOS) on Wednesday, sales of vehicles were up by as much as 49.5 per cent year on year and 13.1 per cent month on month. Month on month, retail sales (seasonally adjusted) were up 5.3 per cent in August, again bolstered by sales of motor vehicles. Stripping out motor vehicles sales, retail sales increased 3.5 per cent. The total retail sales value for August came to S$3.2 billion, up from S$3 billion a year ago, said DOS.
  • TOURISM receipts grew 2 per cent year on year in the first half of this year to S$11.8 billion, even as visitor arrivals to Singapore fell 3 per cent to 7.5 million. Stripping out China, visitor arrivals from all other markets were up 2 per cent in H1 14. But in Q2 14, tourism receipts were down 3 per cent year on year to S$5.6 billion while visitor arrivals declined a sharper 6 per cent to 3.6 million.
  • Hong Kong authorities said police allegedly involved in the beating of a pro-democracy protester would be removed from their positions after footage of the overnight incident went viral, sparking outrage from some lawmakers and the public. Police said they arrested 45 protesters in the early hours of Wednesday, using pepper spray on those who resisted, as they cleared a major road in the Chinese-controlled city that had been barricaded by pro-democracy demonstrators with concrete slabs.
  • Inflation in China fell to 1.6 per cent in September, the government said Wednesday, below analysts’ forecasts and the lowest in the world’s second-largest economy for almost five years. The consumer price index (CPI) figures released by the National Bureau of Statistics represented a slowdown in inflation from 2.0 per cent in August. It was the lowest since January 2010. Analysts polled by Dow Jones Newswires had predicted 1.7 per cent. The figures fall well short of the 3.5 per cent annual target set by the government in March, and signal that deflationary pressures are rising.
  • Singapore, the world’s largest bunkering port, plans to supply liquefied natural gas (LNG) to fuel ships by 2020, a government official said on Wednesday, as part of a global trend to move away from oil to gas to reduce emissions. “We are working towards LNG bunkering in Singapore by 2020, hopefully earlier if possible,” Minister for Transport Lui Tuck Yew said at an industry event.
  • SINGAPORE shares ended higher on Wednesday with the benchmark Straits Times Index up 9.56 points to close at 3,203.96. Volume was 1.37 billion shares worth S$865.5 million. Losers outnumbered gainers 297 to 144.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.760 TG 6.830, 6.900, 7.000 SL 6.660

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

15Oct
forex-trading3

IForex Market Trading Signals and News – 15 October 2014

TRADING TIPS :

  • Forex-Dollar strengthens broadly vs. rivals in risk-off trade.
  • Forex-Dollar recovers from Fed disappointment, regains ground vs. yen, euro.
  • Forex-GBP/USD extends losses on weak U.K. inflation report.

GBP/USD
GBP/USD hit 1.5978 during European morning trade, the pair’s lowest since October 6; the pair subsequently consolidated at 1.5973, retreating 0.69%. Cable was likely to find support at 1.5941, the low of October 6 and an 11- month low resistance at 1.6128, Monday’s high. In a report, the U.K. Office for National Statistics said the rate of consumer price inflation slowed to 1.2% last month from 1.5% in August. Analysts had expected U.K. CPI to fall to 1.4% in September.Month-over-month, consumer price inflation was flat in September, after rising 0.4% in August. Core CPI, which excludes food, energy, alcohol, and tobacco costs rose at a rate of 1.5% last month, down from 1.9% in August. Analysts had expected core prices to rise 1.8% in September.

USD/JPY
USD/JPY added 0.21% to trade at 107.09, easing off a one-month low hit overnight.The safe-haven yen had strengthened recently after the International Monetary Fund cut its forecasts for global growth in 2014 and 2015 last week and warned that global growth may never reach its pre-crisis levels ever again.Markets were also jittery amid the widening Ebola epidemic. The ZEW Centre for Economic Research said that its index of German economic sentiment fell by 10.5 points to minus 3.6 this month from September’s reading of 6.9. Analysts had expected the index to decline by 5.9 points to 1.0 in October.The index of euro zone economic sentiment plunged to 4.1 in September from 14.2 in August, below expectations for a decline to 7.1.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5945-TG:1.5965/1.5995 SL 1.5915
2. Sell GBP/USD Below 1.5895-TG:1.5875/1.5845 SL 1.5925

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

14Oct
sgx 15 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 15 October 2014

MARKET UPDATES :

  • THE Singapore economy performed slightly worse than expected in the third quarter of 2014, growing 2.4 per cent from a year ago, according to advance estimates released by the Ministry of Trade and Industry on Tuesday morning. This fell short of the 2.7 per cent median year-on-year growth forecast of 19 private-sector economists polled by Bloomberg prior to the data release, but kept pace with growth in Q2. After seasonal adjustments and on an annualised basis, the economy grew 1.2 per cent, a turnaround from the 0.1 per cent contraction in the previous quarter. This was better than the annualised 0.8 per cent median growth forecast of 12 market economists.
  • Singapore’s DBS Group has hired Morgan Stanley to find a partner to sell life insurance products in Asia under a new deal, after its pact with Aviva ends in 2015, people with direct knowledge of the matter said. Singapore and Hong Kong – two of DBS’s strongest markets – are seen as profitable for insurers due to their status as Asia’s main wealth management centres and an ageing population.
  • SINGAPORE shares ended lower on Tuesday with the benchmark Straits Times Index down 3.01 points to close at 3,199.14. Volume was 1.26 billion shares worth S$949.4 million. Losers outnumbered gainers 282 to 159.
  • IN LINE with efforts to develop its e-commerce business, SingPost is spending S$182 million to set up an e Commerce Logistics Hub, which will be ready by the second half of 2016. Located in Tampines LogisPark, the three-storey, 553,000-sq ft facility will have a fully automated parcel-sorting facility and two warehousing floors.
  • The chief executive of China International Capital Corp (CICC), Levin Zhu, the son of the country’s former premier Zhu Rongji, has resigned from his position, the firm said a statement on Tuesday. Zhu is credited with building up China’s first investment bank on the strength of his connections. CICC was established in 1995 as a joint venture between China Construction Bank Corp and Morgan Stanley. Morgan Stanley walked away from the joint venture after receiving approval for the sale of its stake in CICC in 2010. – Reuters
  • CHINA’S exports jumped by double digits in September, but there was no burst of enthusiasm from analysts still concerned about the country’s anaemic domestic demand.
  • While exports surged an impressive 15.3 per cent – up from August’s 9.4 per cent – imports too rose an encouraging 7 per cent, reversing two months of consecutive contraction, according to figures from the General Administration of Customs.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.200 TG 9.280, 9.380, 9.500 SL 9.100

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

14Oct

Comex Commodity Trading Signals and Market News – 14 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rebounded mildly in Asia on Tuesday, but with a weak tone as investors eyed the dollar. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,236.10 a troy ounce, up 0.06%, after hitting an overnight session low of $1,223.60 and off a high of $1,238.00.Overnight, gold futures moved higher after a key Federal Reserve official suggested rate hikes in the U.S. may come later than once anticipated, which softened the dollar. Gold and the dollar tend to trade inversely with one another.

Natural gas futures edged higher on Monday as updated weather-forecasting models called for a storm system to trek across the U.S. and bring cooling temperatures in its wake, which should drive demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in November were up 0.84% at $3.892 per million British thermal units during U.S. trading. The commodity hit a session low of $3.820, and a high of $3.899. The November contract settled up 0.36% on Friday to end at $3.859 per million British thermal units. Natural gas futures were likely to find support at $3.815 per million British thermal units, last Thursday’s low, and resistance at $4.184, the high from Oct. 1.

• U.S. stocks tumbled on Monday amid ongoing fears that a cooling global economy will water down U.S. third-quarter earnings. t the close of U.S. trading, the Dow 30 fell 1.35%, the S&P 500 index fell 1.65%, while the NASDAQ Composite index fell 1.46%. The Volatility S&P 500 index, which measures the outlook for market volatility, was up 16.01% at 24.64. Wall Street stocks took fresh beatings on Monday amid fears softening European and Asian economies could slow U.S. business concerns overseas.

Crude futures fell on Monday on news OPEC may not move to shore up global oil prices by trimming output at its next meeting. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded down 0.33% at $85.54 a barrel during U.S. trading. New York-traded oil futures hit a session low of $84.09 a barrel and a high of $85.84 a barrel. The November contract settled up 0.06% at $85.82 a barrel on Friday. Nymex oil futures were likely to find support at $83.59 a barrel, Friday’s low, and resistance at $91.79 a barrel, the high from Oct. 3.OPEC will hold its next meeting on Nov. 27. Elsewhere, a weaker dollar supported prices.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1236 TGT 1240,1245 SL 1231
  • SELL GOLD BELOW 1228 TGT 1224,1219 SL 1233

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

14Oct

IForex Market Trading Signals and News – 14 October 2014

TRADING TIPS :

  • Forex-Bitcoin rebound continues as prices rise to $380-level .
  • Forex-Dollar little changed vs. rivals in holiday-thinned trade.
  • Forex- GBP/USD edges higher in quiet trade

GBP/USD
GBP/USD hit 1.6126 during European morning trade, the session high; the pair subsequently consolidated at 1.6089, adding 0.09% Cable was likely to find support at 1.6006, Friday’s low and resistance at 1.6227, the high of October 9.Market sentiment was hit last week after the International Monetary Fund cut its forecasts for global growth in 2014 and 2015 and warned that global growth may never reach its pre-crisis levels ever again .The pound edged higher against the U.S. dollar in quiet trade on Monday, with U.S. markets to remain closed for Columbus Day and although global growth concerns persisted.

USD/JPY
USD/JPY traded at 107.14, down 0.47%, Markets in Japan are to remain closed for a national holiday. China’s trade balance showed September exports up 15.3%, above the 11.8% expected and imports increased 7.0%, above the 2.7% decline seen while the trade balance was a surplus of $31 billion, lower than the $41 billion forecast. edged down 0.09% to trade at 107.54 as market sentiment was hit by global growth concerns after the International Monetary Fund cut its forecasts for global growth in 2014 and 2015 and warned that global growth may never reach its pre-crisis levels ever again.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6143-TG:1.6163/1.6193 SL 1.6113
2. Sell GBP/USD Below 1.6085-TG:1.6065/1.6035 SL 1.6115

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

13Oct
sgx 14 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 14 October 2014

MARKET UPDATES :

  • SINGAPORE shares ended higher on Monday with the benchmark Straits Times Index down 21.72 points to close at 3202.15. Volume was 1.27 billion shares worth S$947.6 million. Losers outnumbered gainers 396 to 84.
  • Hong Kong shares closed 0.24 per cent higher Monday as better-than-forecast Chinese trade data helped to erase an initial sell-off fuelled by fresh Wall Street losses.The Hang Seng Index added 54.84 points to 23,143.38 on turnover of HK$67.82 billion (US$8.75 billion).But in mainland China the benchmark Shanghai Composite Index fell 0.36 per cent, or 8.53 points, to 2,366.01 on turnover of 175.4 billion yuan (US$28.6 billion). The Shenzhen Composite Index, which tracks stocks on China’s second exchange, slipped 0.08 per cent, or 1.13 points, to 1,349.47 on turnover of 202.4 billion yuan.
  • SINGAPORE’S Central Provident Fund (CPF) system ranks top among similar social security systems in Asian countries, but it is Denmark’s well-funded pension system which has emerged the best globally. The 2014 Mercer Melbourne Global Pension Index identified Singapore’s CPF is a “sound structure, with many good features, but has some areas for improvement that differentiates it from an A-grade system”. The Singapore retirement system continues to score a grade of B, but is expected to be upgraded once shortcomings are addressed, said Neil Narale, Mercer’s Asean Retirement Business Leader.
  • INTERNATIONAL Enterprise (IE) Singapore and Singapore Business Federation (SBF) are leading a 20- member strong business delegation to Turkey to explore new business opportunities. The mission, which is held in conjunction with Prime Minister Lee Hsien Loong’s official visit to Turkey, will look at key sectors that Singapore players can participate in. These include the consumer electronics, medtech and infrastructure sectors. Valued at US$12.4 billion in 2013, Turkey’s consumer electronics is seen as a sector with great potential.
  • THE Housing & Development Board (HDB) has beaten eight other countries to win the international FutureGov Awards 2014 for service innovation, it said on Monday. The other countries are Australia, New Zealand, Indonesia, Malaysia, Thailand, the Philippines, India and the Republic of Maldives. HDB won the award for creating a new and improved customer experience through service personalisation at its Punggol branch.
  • China’s exports rose more than expected in September while imports unexpectedly improved, data showed on Monday, bringing the trade surplus to US$31 billion. Exports rose 15.3 per cent in September compared with a year ago, the General Administration of Customs said, beating a median forecast in a Reuters poll for a rise of 11.8 per cent.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 39.900 TG 40.200, 40.500, 40.900 SL 39.600

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

13Oct

Comex Commodity Trading Signals and Market News – 13 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in early Asia on Monday as investors sought the precious metal on uncertainty over the pace and timing of any Federal Reserve rate hike next year. Markets in Japan are to remain closed for a national holiday. China’s trade balance is scheduled with no release time available with exports seen up 11.8%, imports down 2.7% and a trade surplus of $41 billion seen. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,230.30 a troy ounce, up 0.41%, after hitting an overnight session low of $1,217.70 and off a high of $1,225.80. Gold futures edged lower on Friday after the dollar continued to see support on concerns the global economy may be slumping as the U.S. recovers, though dovish language out of the Federal Reserve this week cushioned losses.

• U.S. natural gas futures ended Friday’s session close to a one-month low, as market players monitored near-term weather forecasts to gauge the strength of demand for the fuel. On the New York Mercantile Exchange, natural gas for delivery in November tacked on 1.4 cents, or 0.36%, to settle at $3.859 per million British thermal units by close of trade on Friday. A day earlier, natural gas prices hit $3.815, a level not seen since September 12, before closing at $3.845, down 1.0 cent, or 0.26%. Futures were likely to find support at $3.786 per million British thermal units, the low from September 12, and resistance at $3.947, the high from October 8.

Crude oil futures fell to multi-year lows on Friday, before reversing losses to end the session modestly higher as investors returned to the market to seek cheap valuations. On the New York Mercantile Exchange, crude oil for delivery in November hit a daily low of $83.59 a barrel, a level not seen since July 2012. Nymex prices recovered to end the day at $85.82, up 5 cents, or 0.06%. For the week, New York-traded oil futures lost $3.92, or 4.36%, the fourth weekly decline over the past five weeks. Elsewhere, on the ICE Futures Exchange in London, Brent oil for November delivery fell to a session low of $88.11 a barrel on Friday, the weakest level since December 2010.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TGT 1239,1244 SL 1230
  • SELL GOLD BELOW 1228 TGT 1224,1219 SL 1233

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

13Oct
forex-trading3

IForex Market Trading Signals and News – 13 October 2014

TRADING TIPS :

  • Forex-Dollar edges higher as safe-haven demand strengthens.
  • Forex-Japanese yen retains strength after BoJ minutes, Aussie slumps.
  • Forex-GBP/USD slides lower despite positive U.K. trade data..

GBP/USD
GBP/USD hit 1.6044 during European morning trade, the pair’s lowest since Wednesday; the pair subsequently consolidated at 1.6058, sliding 0.37%.Cable was likely to find support at 1.6023, the low of October 7 and resistance at 1.6227, Thursday’s high.In a report, the U.K. Office for National Statistics said the trade deficit narrowed to £9.10 billion in August from £10.41 billion in July, whose figure was revised from a previously estimated deficit of £10.19 billion. Analysts had expected the trade deficit to narrow to £9.60 billion in August.The data came a day after the Bank of England voted to keep interest rates on hold at 0.5% and to keep the size of its asset purchase program unchanged at £375 billion.

USD/JPY
USD/JPY edged up 0.19% to trade at 108.03. Earlier Friday, the minutes of the Bank of Japan’s September 3-4 policy meeting showed that some members voiced concerns over possible adverse effects of additional stimulus measures. These concerns raised the prospect of the first policy split vote under BoJ Governor Haruhiko Kuroda’s mandate,even as the central bank head continues to emphasize his readiness to take fresh action to meet the BOJ’s 2% inflation target, if needed. On Tuesday, the BoJ left monetary policy unchanged at its policy meeting, but acknowledged that declining domestic demand as a result of a sales tax increase in April was leading to economic weakness.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6124-TG:1.6144/1.6174 SL 1.6094
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.

13Oct
sgx 13 oct 14

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

MARKET UPDATES :

  • Singapore shares ended lower on Friday with the benchmark Straits Times Index down 35.38 points to close at 3,223.87. Volume was 1.23 billion shares worth S$966 million. Losers outnumbered gainers 358 to 98.
  • THE government will still keep a close watch on the inflow of foreign workers – even as no further major measures are planned to tighten the foreign worker policy. “We need to continue monitoring closely, to ensure that we stay on track in avoiding over-dependence on foreign workers,” Prime Minister Lee Hsien Loong said on Wednesday morning at the launch of the Productivity Month. Repeating what he said last week at the National University of Singapore Society Lecture, Mr. Lee said he did not expect further measures to squeeze the inflow of foreign workers.
  • PLANS by the Monetary Authority of Singapore (MAS) to strengthen the city-state’s real estate investment trust (Reit) market will provide a positive boost for the local Reit and property sector. In a report released on Friday, DBS Group Research said when passed, the proposals could result in lower fees as well as greater transparency and alignment between Reits and unit holders. “This should increase confidence and attractiveness of Reits to investors.
  • DBS Bank on Friday announced that it has joined the World Bank’s Global Infrastructure Facility (GIF) as an advisory partner. Launched on Thursday in Washington, the GIF aims to catalyse and mobilise private- sector investment in infrastructure projects in emerging markets. As an advisory partner, DBS will be involved in advising on project preparation, optimal approaches to financial structuring, and the design and use of risk instruments. This will help to ensure the suitability of emerging market infrastructure projects for commercial or institutional investment.
  • SINGAPORE will do its part to meet climate-change obligations, reduce carbon emissions and improve energy efficiency – even though these moves might impinge on the growth prospects of its energy and chemicals sector, a key growth driver.
  • Japan’s pro-casino lawmakers are set to tweak a proposed bill on casino legalisation to address concerns of a possible spike in gambling addiction, but have agreed to not propose banning Japanese nationals from casinos, a parliamentary source said.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.550 TG 2.590, 2.630 . 2.690 SL 2.490

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

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