25Aug
sgx 25 14

Financial Sgx Singapore Stock Market Trading Picks And News –25th August 2014

MARKET UPDATES :

  • Singapore’s industrial production in July likely posted its first month-on-month rise since March, a Reuters poll showed on Friday, adding to signs that manufacturing activity may have bottomed out after weakening in the second quarter.
  • THE secured pre-commitment at Asperia is below expectations, but the tenants it has secured should translate to a sustainable income stream for Ascendas Real Estate Investment Trust (A-Reit), said OCBC Investment Research (OIR) on Friday. According to A- Reit’s management, Asperia has secured pre- commitment for 46 per cent of its space, with another 15 per cent in advanced negotiations.
  • CAPITALAND Treasury Limited, a wholly owned subsidiary of CapitaLand, has priced the offering of S$500 million, 3.80 per cent fixed-rate notes due 2024. The notes will be issued under a S$5 billion Euro Medium Term Note Programme established in August 2012 and updated in September last year.
  • BOC Aviation has priced A$125 million in 6.5-year fixed rate senior unsecured notes due 2021.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.390 TG 3.440, 3.490, 3.560 SL 3.320

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

22Aug

Comex Commodity Trading Signals and Market News – 22nd August 2014

INTERNATIONAL COMMODITY NEWS :

Crude oil prices slipped in Asia on Friday ahead of a speech by Fed Chair Janet Yellen expected to set the tone for markets. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded at $93.90 a barrel, down 0.07%, after hitting an overnight session low of $92.63 a barrel and a high of $94.44 a barrel. Brent oil rose to $102.71 a barrel, up 0.42%, on Thursday.

• A bearish weekly U.S. supply report sent natural gas future falling on Thursday though prices jumped back into positive territory in choppy trading as investors digested weather reports over the lower 48 U.S. states as well as in the tropical Atlantic Ocean. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.857 per million British thermal units during U.S. trading, up 0.89%. The commodity hit a session low of $3.790, and a high of $3.955.The September contract settled down 1.39% on Wednesday to end at $3.823 per million British thermal units.Natural gas futures were likely to find support at $3.790 per million British thermal units, the session low, and resistance at $4.020, the high from Aug. 12

Gold prices rebounded in Asia early Friday on bargain hunting. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,278.60 a troy ounce, up 0.25%, after hitting an overnight session low of $1,274.20 and off a high of $1,292.90. Many investors bet Fed Chair Janet Yellen will provide dovish words in a Jackson Hole speech on Friday to complement the hawkish minutes in order to convey to markets that even though rates will rise, monetary authorities will make sure they do so gradually.

Copper futures edged lower on Thursday, after data showed that China’s factory activity slowed to a three-month low in August, fuelling concerns over the health of the world’s second largest economy. On the Comex division of the New York Mercantile Exchange, copper for September delivery declined 0.74%, or 2.4 cents, to trade at $3.153 a pound during European morning hours. Data released earlier showed that the preliminary reading of China’s HSBC manufacturing index fell to a three-month low of 50.3 in August from 51.7 in July and well short of forecasts for 51.5. Copper traders consider shifts in the HSBC PMI an indicator of China’s copper demand, as the industrial metal is widely used by the sector.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1296 TGT 1300,1305 SL 1201
  • SELL GOLD BELOW 1275 TGT 1271,1266 SL 1280

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

22Aug
forex-trading3

IForex Market Trading Signals and News of 22nd August 2014

TRADING TIPS :

  • Forex -Bitcoin prices firm up above $500 as recovery continues
  • Forex-Dollar remains broadly stronger as Fed minutes support
  • Forex-NZD/USD steady, near 6-month trough

USD/CHF
USD/CHF hit 0.9119 during European late morning trade, the session low; the pair subsequently consolidated at 0.9127, easing 0.09%.The pair was likely to find support at 0.9138, Wednesday’s low and resistance at 0.9156. The dollar remained broadly supported after Wednesday’s minutes of the Fed’s July meeting showed that some officials believe the strengthening recovery and ongoing improvement in the labor market supports a move towards tightening monetary policy.Other officials want to see further evidence of economic recovery before moving towards raising rates.

GBP/USD
GBP/USD hit 1.6564 during European morning trade, the pair’s lowest since April 4; the pair subsequently consolidated at 1.6578 edging down 0.10%.Cable was likely to find support at 1.6556, the low of April 4 and resistance at 1.6679, Wednesday\’s high.Official data showed that U.K. retail sales rose 0.1% in July, disappointing expectations for an increase of 0.4%. Retail sales for June were revised to a 0.2% gain from a previously estimated 0.1% rise.Year-on-year, U.K. retail sales rose 2.6% last month, confounding expectations for a 3.0% increase. For June, retail sales were revised to an annualized 3.4% gain from a previously estimated 3.6% advance.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9153 -TG:0.9173/0.9203 SL 0.9123
2. Sell USD/CHF Below 0.9091 -TG: 0.9071/0.9041 SL 0.9121

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

22Aug
22 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –22nd August 2014

MARKET UPDATES :

  • ST Engineering is the only company in Singapore to make it to Forbes’ list of “The World’s Most Innovative Companies”.The Singapore-listed defence-related group is ranked 87 out of 100 companies globally, and boasts of an Innovation Premium (IP) of 33.6 per cent.
  • EOC Ltd, an Oslo-listed offshore support services firm, has started premarketing a share offering of up to US$250 million for a secondary listing in Singapore, IFR reported on Thursday, citing banking sources.EOC is an associate company of Singapore-listed Ezra Holdings Ltd, which has planned to inject its offshore support services division into EOC.
  • Singapore’s core inflation rate in July probably rose to its highest in almost two years, a Reuters poll showed on Thursday, reflecting wage cost pressures from a tight labour market.
  • DEPARTMENT store operator Parkson Retail Asia reported a near 36 per cent drop in net profit year on year to S$3.17 million for the fourth quarter ended June 30.Revenue slid four per cent to S$99.18 million due to negative same store sales (SSS) growth in Malaysia and Vietnam, as well as the weaker Indonesian rupiah.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 10.170 TG 10.270, 10.390, 10.440 SL 10.050

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

21Aug
Forex Signals

IForex Market Trading Signals and News of 21st August 2014

TRADING TIPS :

  • Forex – Kiwi hits 5-month lows vs. broadly stronger greenback
  • Forex- Bitcoin prices stabilize after extreme volatility
  • Forex- GBP/USD rises on BoE meeting minutes

USD/JPY
USD/JPY hit 103.34 during late European morning trade, the pair’s highest since April 7; the pair subsequently consolidated at 103.26, rising 0.34%.The pair was likely to find support at 102.52, Tuesday’s low and resistance at 103.39.Demand for the dollar remained supported after data on Wednesday showed that U.S. housing starts jumped 15.7% in July, while the number of new permits granted to home-builders also accelerated, pointing to underlying strength in the housing sector.The data offset a report showing that U.S. consumer prices rose just 0.1% in July.

AUD/USD
USD/CAD was flat at 1.0942, off session highs of 1.0938.The pair was likely to find support at around 1.0920 and resistance at about the 1.0985 level.The Canadian dollar firmed up after Statistics Canada reported that wholesale sales rose 0.6% to C$53.0 billion in June. Economists had forecast an increase of 1.3%.Wholesale sales for May were revised up to 2.3% from a previously reported gain of 2.2%. Demand for the greenback continued to be underpinned after recent reports indicated that the economic recovery is on track.Data on Tuesday showed that U.S. housing starts jumped 15.7% in July, while the number of new permits granted to home-builders also accelerated.

RECOMMENDATION :

1. Buy USD/JPY Above 103.47 -TG:103.67/102.97 SL 103.17
2. Sell USD/JPY Below 102.78 -TG: 102.58/102.28 SL 103.08

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

21Aug

Comex Commodity Trading Signals and Market News – 21st August 2014

INTERNATIONAL COMMODITY NEWS :

Copper and gold prices dipped smartly in Asia on Thursday after a preliminary survey of China manufactuing dropped sharply. The HSBC China August flash manufacturing PMI fell to 50.3, compared to a July figure that came in at 51.7 for the final. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at $1,290.80 a troy ounce, down 0.34%, after hitting an overnight session low of $1,288.90 and off a high of $1,298.90. Silver for September delivery was down 0.23% at $19.453 a troy ounce. Copper futures for September delivery were down 0.40% at $3.157 a pound, after the closely watched for demand by the world’s top importer of copper.

• Oil prices rose on Wednesday after a weekly U.S. supply report revealed that inventories dropped more than expected.In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded up 0.47% at $93.30 a barrel during U.S. trading. New York-traded oil futures hit a session low of $92.74 a barrel and a high of $93.57 a barrel. The U.S.Energy Information Administration said in its weekly report that U.S. crude oil inventories declined by 4.5 million barrels in the week ended Aug. 15, far surpassing expectations for a decline of 1.2 million barrels.

• Profit taking sent natural gas prices falling on Wednesday after investors locked in gains stemming from warm U.S. weather forecasts and sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.800 per million British thermal units during U.S. trading, down 1.99%. The commodity hit a session low of $3.794, and a high of $3.887. The September contract settled up 2.24% on Monday to end at $3.877 per million British thermal units.

Gold prices traded lower on Wednesday after the Federal Reserve’s July policy meeting minutes revealed that rate hikes could come sooner rather than later if the job market continues to improve. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,290.10 a troy ounce during U.S. trading, down 0.51%, up from a session low of $1,288.90 and off a high of $1,298.90.The December contract settled down 0.20% at $1,296.70 on Tuesday.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1294 TGT 1298,1303 SL 1288
  • SELL GOLD COMEX BELOW 1282 TGT 1278,1273 SL 1287

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

21Aug
sgx 21 Aug 2014

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

MARKET UPDATES :

  • STARHUB has launched on Wednesday a new cloud marketplace, ‘SmartBusiness’, for small and medium sized businesses (SMBs) to buy software and services such as Microsoft Office 365 and McAfee Endpoint Protection.
  • OCBC Investment Research on Wednesday upgraded KS Energy to a “buy” and pegged the fair value at S$0.58 a share. “The firm is still finding its footing in terms of earnings, but given that KS Energy is now trading at 0.64x P/B (Price to Book), we are seeing value in the stock,” OCBC said in a research note.
  • XMH Holdings, a diesel engine provider for the marine and industrial sectors, on Wednesday said it has inked a memorandum of understanding (MOU) for an 80 per cent stake in Singapore’s Z-Power Automation for S$13.2 million.

STOCK RECOMMENDATION :

  • BUY COMFOTDELGRO LTD ABOVE 2.560 TG 2.600, 2.640, 2.700 SL 2.500

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

20Aug

Comex Commodity Trading Signals and Market News – 20th August 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped on Tuesday after upbeat U.S. housing and consumer inflation cemented expectations for the Federal Reserve to chip away at its ultra-loose monetary policies that have supported the precious metal for years On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,296.70 a troy ounce during U.S. trading, down 0.20%, up from a session low of $1,295.00 and off a high of $1,303.30.The December contract settled down 0.53% at $1,299.30 on Monday.

Copper futures edged higher on Tuesday, as market players looked ahead to the release of key U.S. data later in the session for further indications on the strength of the economy. On the Comex division of the New York Mercantile Exchange, copper for September delivery inched up 0.24%, or 0.7 cents, to trade at $3.117 a pound during European morning hours. Prices held in a narrow range between $3.106 and $3.122 a pound.

• Oil prices carried Monday’s sell off into Tuesday as investors ignored upbeat U.S. data, ditching the commodity on perceptions that the global market is awash in crude at a time geopolitical pressures are waning. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in October traded down 1.06% at $92.76 a barrel during U.S. trading. New York- traded oil futures hit a session low of $92.65 a barrel and a high of $94.37 a barrel. The October contract settled down 1.65% at $93.75 a barrel on Monday. Nymex oil futures were likely to find support at $91.43 a barrel, the low from Jan.13 , and resistance at $95.14 a barrel, Monday’s high.

• Forecasts for rising temperatures across the U.S. Midwest sent natural gas prices rising on Tuesday. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.897 per million British thermal units during U.S. trading, up 2.76%. The commodity hit a session low of $3.781, and a high of $3.915.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1300 TGT 1304,1309 SL1295
  • SELL GOLD COMEX BELOW 1292 TGT 1288,1283 SL1297

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

20Aug
Forex Signals

IForex Market Trading Signals and News of 20th August 2014

TRADING TIPS :

  • Forex – Dollar edges higher with Ukraine, U.S. inflation in focus
  • Forex – Bitcoin rallies 7% as prices recover from Monday’s flash crash
  • Forex – GBP/USD drops to 4-1/2 month lows on U.K. inflation data

USD/CHF
USD/CHF hit 0.9078 during European early afternoon trade, the pair’s highest since August 14; the pair subsequently consolidated at 0.9069, inching up 0.04%.The pair was likely to find support at 0.9024, the low of August 15 and resistance at 0.9098, the high of August 13.The dollar remained supported after a report on Monday showed that U.S. home builder sentiment rose unexpectedly in August, signalling underlying strength in the housing market.The NAHB/Wells Fargo Housing Market index hit a seven-month high of 55, compared to expectations of an unchanged reading.

NZD/USD
NZD/USD hit 0.8426 during late Asian trade, the pair’s lowest since August 13; the pair subsequently consolidated at 0.8440, retreating 0.42%.The pair was likely to find support at 0.8409, the low of August 12 and resistance at 0.8501, Monday’s high.Statistics New Zealand earlier reported that producer price inflation input declined by 1.0% in the last quarter, confounding expectations for a 0.7% gain, after an increase of 1.0% in the three months to April. In a separate report, the Reserve Bank of New Zealand said that its annual inflation expectations for the next two years ticked down to 2.2% in the second quarter, from a previous estimate of 2.4% in the first quarter.

RECOMMENDATION :

1. Buy USD/CHF Above 0.9101-TG:0.9121/0.9151 SL 0.9071
2. Sell USD/CHF Below 0.9034 -TG:0.9014/0.8984 SL 0.9064

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

20Aug
sgx 20aug 2014

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

MARKET UPDATES :

  • DBS Bank has been named the best bank in the Asia-Pacific region, according to Global Finance magazine’s “World’s Best Banks 2014 Awards”. The annual listing includes the best bank worldwide for corporate, consumer and private banking, emerging markets, frontier markets, Islamic finance, asset management, global custody, investment banking, cash management, trade finance, foreign exchange, sub-custody and supply chain finance.
  • WHO says nobody shops at the Great Singapore Sale (GSS) anymore? According to MasterCard, the annual sale is still drawing shoppers. MasterCard cardholders, for instance, spent US$1.66 billion at this year’s GSS, an increase of 11.2 per cent from last year.
  • NOMURA Securities and Citi have upgraded their target price for OCBC Bank shares.On Tuesday, Nomura upgraded OCBC shares to a “buy” from “neutral” and has also revised up its target price to S$11.90 a share from S$11.50 previously.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.380 TG 3.420, 3.470, 3.530 SL 3.320

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.