10Oct

Comex Commodity Trading Signals and Market News – 10 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held nearly steady in Asia on Friday as investors weighed the prospects for a Federal Reserve rate hike in the coming year. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,224.40a troy ounce, down 0.02%, after hitting an overnight session low of $1,219.40 and off a high of $1,233.70. Gold prices firmed on the news, as the yellow metal has taken a pounding in recent sessions on speculation that interest rates were to set to rise sooner rather than later in 2015.

Natural gas prices edged lower on Thursday after weather-forecasting models called for seasonably mild temperatures to hold across much of the U.S., which should curb demand for both air conditioning and heating. On the New York Mercantile Exchange, natural gas futures for delivery in November were down 0.56% at $3.834 per million British thermal units during U.S. trading. The commodity hit a session low of $3.816, and a high of $3.940. The November contract settled down 2.58% on Wednesday to end at $3.855 per million British thermal units. Natural gas futures were likely to find support at $3.786 per million British thermal units, the low from Sept. 12, and resistance at $4.184, the high from Oct. 1.

Crude oil prices eased in early Asia on Friday as investors awaited fresh cues on demand prospects. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in November traded at $84.69 a barrel, down 0.08%, after hitting an overnight session low of $86.25 a barrel and a high of $87.94 a barrel. Overnight, better-than-expected weekly U.S. claims numbers weakened oil prices on Thursday by strengthening the dollar. The U.S. Department of Labor reported earlier that the number of individuals filing for initial jobless benefits in the week ending Oct. 4 fell by 1,000 to 287,000 from the previous week’s revised total of 288,000.

Copper futures edged lower during European morning trade on Wednesday, as worries about the strength of global growth drove down prices. On the Comex division of the New York Mercantile Exchange, copper for December delivery traded at $3.025 a pound during European morning hours, down 1.4 cents, or 0.45%. A day earlier, copper prices tacked on 0.3 cents, or 0.12%, to settle at $3.039. Futures were likely to find support at $2.991, the low from October 6, and resistance at $3.049, the high from October 1.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1225 TGT 1229,1235 SL 1220
  • SELL GOLD BELOW 1217 TGT 1213,1208 SL 1222

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

10Oct
forex-trading3

IForex Market Trading Signals and News – 10 October 2014

TRADING TIPS :

  • Forex-Dollar slides lower as U.S. rate hike expectations subside.
  • Forex-Dollar slips vs. euro, yen after dovish Fed minutes.
  • Forex- GBP/USD remains near 1-week highs as BoE holds.

GBP/USD
GBP/USD hit 1.6216 during European morning trade, the pair’s highest since October 2; the pair subsequently consolidated at 1.6207, rising 0.25%. Cable was likely to find support at 1.6029, Wednesday’s low and resistance at 1.6251, the high of October 2.The dollar weekend broadly after the minutes of the Fed’s September 16-17 policy meeting released on Wednesday showed that a number of officials believe the bank’s current language painted the wrong picture on the timing of rate hikes and that an interest rate rise should be tied to U.S. economic progress. The report also showed that the U.S. central bank cut its growth outlook due to the higher dollar and concerns over global weakness

USD/JPY
USD/JPY remained near three week lows of 107.61 hit overnight, before pulling back slightly to trade a 107.79, down 0.23% for the day.Government data earlier showed that Japan’s core machinery orders rose 4.7% in August, more than the expected 1.1% increase, after a 3.5% gain in July. The dollar had rallied against the euro and the yen in recent months amid growing expectations that the Fed is growing closer to raising interest rates, while central banks in Japan and Europe are likely to stick to a looser monetary policy stance.The Bank of Japan left monetary policy unchanged at its policy meeting on Tuesday, 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 1.6245-TG:1.6265/1.6295 SL 1.6215
2. Sell GBP/USD Below 1.6177-TG:1.6157/1.6127 SL 1.6207

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

9Oct
sgx 10 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 10 October 2014

MARKET UPDATES :

  • HOUSING and Development Board (HDB) resale prices could have fallen in an eighth consecutive month, going by flash estimates from the Singapore Real Estate Exchange (SRX). The data shows HDB resale prices dipped 0.5 per cent in September from the earlier month, dragged down by price declines in three- room, four-room and five-room resale flats. Executive flat prices bucked the trend by inching up 0.1 per cent.
  • SALE transactions of strata-titled industrial properties in the third quarter have fallen by about 36 per cent quarter-on-quarter to 203, according to caveats from URA Realis. The fall is even more significant compared to the 672 strata-titled units that were sold in the same period last year, said DTZ. So far, there has been 842 transactions this year. This is much lower than the 1,986 transactions registered in the same period last year.
  • THE Monetary Authority of Singapore (MAS) on Thursday published a consultation paper containing a set of proposals to strengthen Singapore’s real estate investment trust (Reit) market. “The proposals will enhance the transparency and corporate governance of the Reit market,” it said.
  • INVESTORS are flocking to take cover under Singapore bonds umbrella amid gathering clouds over the global economy. Even the weakening Singapore dollar has failed to dent their enthusiasm for the fixed income securities, in particular government bonds. While the Singapore currency fell 0.71 per cent against the US dollar last week, the Singapore Fixed Income (SFI) Index gained 0.22 per cent over the same period. The equity market, as measured by the Straits Times Index (STI), declined 1.18 per cent.
  • THE International Monetary Fund (IMF) has issued a guarded assessment of global economic prospects for the coming year, and warned that financial markets could be “under-pricing risk” in an environment in which easy-money policies may have bred a false sense of security. The potential growth of the global economy appears slower than a decade ago, so it is unlikely to go back to the rates achieved before the global financial crisis – even with the aid of monetary stimulus, it said. An uneven global recovery is underway, said the IMF in its twice-yearly World Economic Outlook (WEO). In it, it revised down the 2014 growth forecast for the global economy from 3.7 per cent to 3.3 per cent; the forecast for next year is 3.8 per cent.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.400 TG 9.460, 9.530, 9.630 SL 9.300

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

9Oct

Comex Commodity Trading Signals and Market News – 09 October 2014

INTERNATIONAL COMMODITY NEWS :

Crude oil rices rebounded in early Asia on Thursday with investors buying off recent sharp dips even as the growth outlook and demand remains uncertain. On the New York Mercantile Exchange, crude oil for delivery in November traded at $87.77 a barrel, up 0.22%. Overnight, U.S. oil futures dropped to the lowest level since April 2013 after data showed that U.S. stockpiles rose far more than expected last week. Brent oil settled down 0.8% at $91.38 a barrel on ICE Futures Europe Wednesday, the lowest settlement price since June 28, 2012. The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories increased by 5 million barrels in the week ending October 3, compared to expectations for a gain of 1.6 million barrels. The report also showed that gasoline stockpiles rose by 1.2 million barrels, confounding expectations for a drop of 1.0 million barrels.

Gold prices eased in early Asia on Thursday as investors noted a weaker growth outlook and took profits from earlier in the U.S. session. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,220.30 a troy ounce, down 0.16%. Overnight, gold futures rose for the third consecutive session as investors digested the Federal Reserve minutes. The Federal Reserve’s debate on its interest rate guidance heated up last month, with several officials showing concern about misleading investors and pushing for a more data-dependent approach, according to minutes from its last policy meeting.

• U.S. natural gas futures were under pressure during early U.S. trade on Wednesday, as market players monitored near-term weather forecasts to gauge the strength of demand for the fuel ahead of Thursday’s closely-watched supply report. On the New York Mercantile Exchange, natural gas for delivery in November traded at $3.896 per million British thermal units during U.S. morning hours, down 6.1 cents, or 1.55%. Natural gas prices fell to a two- week low of $3.866 on Tuesday, before turning higher to settle $3.957, up 5.9 cents, or 1.51%.

• U.S. oil futures droppes to the lowest level since April 2013 on Wednesday, after data showed that U.S. stockpiles rose far more than expected last week. On the New York Mercantile Exchange, crude oil for delivery in November hit a session low of $86.86 a barrel, a level not seen since April 18, 2013.Prices recovered to last trade at $87.09 a barrel during U.S. morning hours, down $1.78, or 1.98%. A day earlier, Nymex oil futures lost $1.49, or 1.65%, to settle at $88.85, as worries about the strength of global growth drove prices lower.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1225 TGT 1229,1235 SL 1220
  • SELL GOLD BELOW 1220 TGT 1216,1211 SL 1225

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

9Oct
forex-trading3

IForex Market Trading Signals and News – 09 October 2014

TRADING TIPS :

  • Forex-Dollar index slightly higher ahead of Fed minutes
  • Forex-Euro slips lower against dollar .
  • Forex- NZD/USD slides lower on IMF, Fed minutes on tap.

EUR/USD
EUR/USD touched session lows of 1.2623 and was last down 0.07% to 1.2660.The single currency remained under pressure after data on Tuesday showing a steep decline in German factory orders in August added to concerns that the euro area’s largest economy being pulled into a recession.The weak data added to expectations that the European Central Bank will implement fresh stimulus measures to help bolster growth.The IMF said Tuesday that Europe was experiencing a “multispeed recovery” and revised down its growth forecasts for the euro zone’s three largest economies, Germany, France and Italy.

USD/JPY
USD/JPY was up 0.25% to 108.40, after falling as low as 107.74 overnight.The yen strengthened broadly on Tuesday after the International Monetary Fund cut its forecast for global growth for 2014 and 2015 and warned that the global recovery is weak and uneven.The IMF is now forecasting global economic growth of 3.3% this year, down from 3.4% in July and expects growth of 3.8% in 2015, compared to an earlier prediction of 4.0%. Investor sentiment was also hit after a report showing a steep decline in German factory orders in August fuelled fears that the euro zone’s largest economy is falling into a recession.The yen found support earlier Tuesday after Japanese Prime Minister Shinzo Abe voiced concerns over the impact of a weaker yen on the economy.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2692-TG:1.2712/1.2742 SL 1.2662
2. Sell EUR/USD Below 1.2627-TG:1.2607/1.2587 SL 1.2657

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

8Oct
sgx 09 oct  14

Financial Sgx Singapore Stock Market Trading Picks And News – 09 October 2014

MARKET UPDATES :

  • Singapore shares were down 17.28 points on Wednesday with the benchmark Straits Times Index finishing at 3,226.71.Volume was 1.16 billion shares worth S$893.8 million. Losers outnumbered gainers 278 to 132.
  • OSIM International, queried by the Singapore Exchange (SGX) on the second consecutive day of a fall in its share prices, said on Wednesday that it was unaware of any reasons that could have caused the unusual trading activity in its shares. The shares for the luxury massage chair maker tumbled 4 per cent on Tuesday and another 4 per cent on Wednesday morning. At 4:15pm on Wednesday, OSIM was trading around S$2.32, down 11 cents or 4.5 per cent. More than six million shares changed hands.
  • EZRA’S associated firm, EMAS Offshore, kicked off its secondary listing on the Singapore Exchange’s main board on a dismal note, trading some 14 per cent below its initial public offer price. At 3:35pm on Wednesday, the company previously known as EOC Ltd, had bid/ask at S$1.035/S$1.04 a share. Only 678,000 shares changed hands. The wider market is also weak, as stock markets in the region are hit by worries about waning global growth after the International Monetary Fund cut its global economic growth forecasts for a third time this year.
  • CHINA-based Nanshan Group has topped the bids for a site off Sin Ming Avenue released by the Urban Redevelopment Authority (URA), beating a field of 17 other bidders. Nanshan’s bid of S$173.57 million for the 10,502.8 sq m site in Lorong Puntong was some 7.2 per cent higher than the second-highest bid from SL Capital Ventures Pte Ltd. The 99-year leasehold site has a maximum permissible gross floor area of 22,056 sq m.
  • It is time for public accounting firms in Singapore to rethink their hiring practices and take on employees from backgrounds other than accounting, said Singapore Accountancy Commission (SAC) chairman Michael Lim on Wednesday. Mr. Lim was the keynote speaker at the CPA Congress 2014, organised by professional accountancy body CPA Australia and attended by over 300 accounting professionals. The SAC is the statutory body tasked with transforming Singapore’s accountancy sector.
  • THE Small and Middle Capitalization Companies Association (SMCCA), a grouping of small and mid- capitalization companies listed on the Singapore Exchange (SGX), announced its official launch on Wednesday.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 34.150 TG 34.350, 34.650, 35.050 SL 33.850

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

8Oct

Comex Commodity Trading Signals and Market News – 08 October 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose slightly in Asia on Wednesday in a rebound from overnight and expected demand as holidays ramp up demand and China markets re-opening after a week-long holiday. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,210.20, up 0.03%. Overnight, gold futures swung between small gains and losses. Market players also looked ahead to the release of minutes from the Fed’s September meeting on Wednesday, after upbeat U.S. employment data last week underlined optimism over the strength of the economy and fueled expectations that the central bank will begin to raise rates sooner and faster than previously thought. Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise.

• U.S. natural gas futures traded near a two-week low during U.S. morning trade on Tuesday, as investors 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 fell to a session low of $3.869 per million British thermal units, a level not seen since September 24.Prices recovered to last trade at $3.911 during U.S. morning hours, up 1.3 cents, or 0.32%.A day earlier, natural gas prices plunged 14.1 cents, or 3.49%, to settle at $3.898.

Crude oil futures extended losses during U.S. morning hours on Tuesday, after the International Monetary Fund cut its forecast for global economic growth this year. On the ICE Futures Exchange in London, Brent oil for November delivery shed 49 cents, or 0.53%, to trade at $92.30 a barrel. London-traded Brent futures fell to $91.25 on Monday, the lowest since June 2012, amid speculation rising global supplies will be more than enough to meet slowing demand. The IMF downgraded its global growth forecast for both this year and next, due to stagnation in Europe and a weaker-than-forecast recovery in Japan. The agency now sees 2014 global growth of 3.3% and 2015 growth of 3.8%, a decline of 0.1% for 2014 and 0.2% for 2015 from forecasts made in July. Elsewhere, on the New York Mercantile Exchange, crude oil for delivery in November traded at $90.20 a barrel, down 14 cents, or 0.15%. Market players awaited the release of fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of demand in the world’s largest oil consumer.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1215 TGT 1219,1223 SL 1210
  • SELL GOLD BELOW 1210 TGT 1206,1201 SL 1215

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

8Oct
Forex Signals

IForex Market Trading Signals and News – 08 October 2014

TRADING TIPS :

  • Forex-Dollar regains ground after Monday’s slide.
  • Forex-Euro lower after weak German industrial data .
  • Forex- GBP/USD holds steady after U.K. data.

EUR/USD
EUR/USD hit session lows of 1.2605 and was last down 0.22% to 1.2625.The euro hit session lows after data showed that industrial output in Germany dropped by 4.0% in August. It was the largest decline since early 2009 and was much worse than forecasts for a fall of 1.5%The euro was broadly lower against the other major currencies on Tuesday as weak German industrial production data added to fears over the outlook for the euro zone economy. The report came one day after data showed that German factory orders fell 5.7% in August, fuelling fears that the euro area’s largest economy is falling into a recession.

USD/JPY
USD/JPY was down 0.07% to 108.71, off session lows of 108.39.The yen found support earlier Tuesday after Japanese Prime Minister Shinzo Abe voiced concerns over the impact of a weaker yen on the economy. The Bank of Japan left monetary policy unchanged at the conclusion of its two day policy meeting earlier, but acknowledged that declining domestic demand as a result of a sales tax increase in April is leading to economic weakness.The Bank of Japan left monetary policy unchanged at the conclusion of its two day policy meeting earlier Tuesday, but acknowledged that declining domestic demand as a result of a sales tax increase in April is leading to weakness in production.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2615-TG:1.2635/1.2665 SL 1.2585
2. Sell EUR/USD Below 1.2582-TG:1.2562/1.2532 SL 1.2615

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

7Oct
sgx 8 oct 14

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

MARKET UPDATES :

  • 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.
  • SINGAPORE Telecommunications has teamed up with network security company FireEye to enhance cyber-security in the Asia-Pacific.Under the deal, the two parties will co-invest US$50 million over the next five years to build new Advanced Security Operation Centres (ASOCs) in Singapore and Australia. They will also work to build up cyber- security expertise, including training up to 150 professionals to operate the ASOCs.The partnership will establish the first SingTel Managed-Defence solution, powered by FireEye in the Asia-Pacific. The two companies will collaborate to raise awareness and knowledge of next-generation cyber threats through biannual Asia Pacific- focused threat advisory reports.
  • THE Causeway toll hikes could affect the profit margins of some Singapore-based SMEs, even though they are generally expected to have a limited impact on businesses here, Minister of State for Trade and Industry Teo Ser Luck said in parliament on Tuesday. Saying that the impact of the Causeway toll hikes on economic activity in Singapore was likely to be small, he explained that this was because land transport cost constituted a small proportion of total business costs of firms in Singapore – at only around 3 per cent for companies in the manufacturing sector and at 1 per cent for those in services.
  • DBS Bank has launched a new programme, DBS Business Class, for start-ups and SMEs who are looking for business advice and opportunities across Asia.Delivered through a mobile app, the programme allows entrepreneurs to consult and connect with industry experts, investors, and fellow entrepreneurs. Members can also access news and articles on topics pertinent to starting and running their businesses, and attend exclusive networking events .Lim Chu Chong, head of SME Banking, DBS Bank said: “We found that fast-growing SMEs need help connecting with investors and experts when they are scaling up their business. By building a mobile platform which allows SMEs to access business advice, insights and exclusive networking opportunities, we hope to help SME owners build social capital and sharpen their competitive edge.”
  • YONGNAM Engineering will sell a Malaysia plant in Nusajaya, Johor, to Axis Real Estate Investment Trust for RM153.5 million (S$60.1 million).Based on a valuation report issued by CCO & Associates on March 19 this year, the market value of the property is RM167.5 million. Upon the sale transaction, Yongnam Malaysia will remain the tenant of the property for a period of 15 years. This will follow the concurrent execution of the lease agreement entered between Yongnam Malaysia and the real estate investment trust, which is being held in escrow.
  • RATINGS agency Moody’s said on Monday that the gradual decline in Singapore’s private home price index for the third quarter is credit positive for Singapore banks as it relieves pressure on bank asset quality “Further price increases would have increased the risk of a real estate price bubble bursting,” Moody’s said in its credit outlook noted on Monday, commenting on the Urban Redevelopment Authority’s flash estimate released last week .

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 41.400 TG 41.900, 42.200, 42.600 SL 41.100

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

7Oct
sgx 07 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 07 October 2014

MARKET UPDATES :

  • YONGNAM Engineering will sell a Malaysia plant in Nusajaya, Johor, to Axis Real Estate Investment Trust for RM153.5 million (S$60.1 million).Based on a valuation report issued by CCO & Associates on March 19 this year, the market value of the property is RM167.5 million.Upon the sale transaction, Yongnam Malaysia will remain the tenant of the property for a period of 15 years. This will follow the concurrent execution of the lease agreement entered between Yongnam Malaysia and the real estate investment trust, which is being held in escrow.The two parties will endeavour to complete the sale transaction before Dec 31. The lease agreement becomes effective as of the completion date.
  • MORE than 1,200 e-applications have been received for Lake Life, a 546-unit executive condominium housing project near Jurong Lake.The e-applications were received from Saturday October 4 to Monday. E-applications will close on Oct 12. The current indicative average pricing is around S$880-890 psf. Firm pricing will be released on Nov 5.
  • DBS Bank has completed its purchase of the Asian private banking business of Societe Generale in Singapore and Hong Kong, as well as selected parts of its trust businessThe group noted that DBS Private Bank and Societe Generale Private Banking Asia (SGPB Asia) are highly complementary in terms of clients, geographical coverage as well as product and service offerings. The completion of the acquisition significantly increases the scale of DBS’ wealth management business and strengthens the bank’s position as a leading wealth manager in Asia, DBS said in a news release on Monday. With the successful acquisition of SGPB Asia’s business, DBS’ high net worth assets under management – those of high net worth individuals with more than S$1.5 million each in investible assets – now amount to S$88 billion. Assets under management for all wealth customers – including customers from DBS Treasures, DBS Treasures Private Client and DBS Private Bank – are now S$129 billion.
  • RATINGS agency Moody’s said on Monday that the gradual decline in Singapore’s private home price index for the third quarter is credit positive for Singapore banks as it relieves pressure on bank asset quality. “Further price increases would have increased the risk of a real estate price bubble bursting,” Moody’s said in its credit outlook noted on Monday, commenting on the Urban Redevelopment Authority’s flash estimate released last week “Despite a few isolated cases driving a small increase in problem home loans in second-quarter 2014, we expect the asset quality of housing loans to only deteriorate mildly but still remain robust this year and next owing to stable economic growth, low unemployment and a small increase in interest rates,” it added.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.470 TG 9.530, 9.600, 9.700 SL 9.390

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

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