17Jul
sgx 17 july 2014

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

MARKET UPDATES :

  • OLAM International’s five-year S$400 million bond issue got strong demand from private bank clients, said DBS Bank on Wednesday.The issue by the Temasek Holdings’ subsidiary received orders exceeding S$1.7 billion, from 102 accounts and was priced at 4.25 per cent.
  • THE Singapore Exchange (SGX) continues to maintain a niche position in Southeast Asia’s initial public offer (IPO) market, with its traditional strength in real estate investment trusts (REITs) and mineral, oil and gas (MOG) listings,
  • DORMITORY operator Centurion Corporation is proposing to buy £77 million (S$164.5 million) worth of UK student accommodation assets in Manchester and Liverpool with a total of 1,906 beds. The properties comprise Manchester Student Village, Manchester Student Village South and The Grafton in Manchester, and Cathedral Campus in Liverpool,

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.750 TG 6.810, 6.880, 6.980 SL 6.650

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

17Jul

Comex Commodity Trading Signals and Market News – 17 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold price eased slightly in Asia on Thursday with remarks by Federal Reserve Chairwoman Janet Yellen being digested for hints on the timing of higher rates. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,299.40 a troy ounce, down 0.03%, after hitting a session low of $1,294.10 and off a high of $1,304.30.

Silver for September delivery traded at $20.793 a troy ounce, up 0.09%. Copper futures for September delivery were flat at $3.214 a pound.

Crude oil prices held gains into Asia on Thursday after bullish U.S. stockpiles data bolstered views of solid demand. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $101.39 a barrel, up 0.18%, after hitting an overnight session low of $99.95 a barrel and a high of $101.39 a barrel.

Natural gas futures edged higher on Wednesday after investors priced in the impact below-normal temperatures making their way across the U.S. will have on demand and went long on expectations for seasonably warm temperatures to follow. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.131 per million British thermal units during U.S. trading, up 0.82%. The commodity hit a session high of $4.145 and a low of $4.087. The August contract settled down 1.21% on Tuesday to end at $4.097 per million British thermal units.

Base metals prices were largely unchanged in Wednesday morning’s LME premarket despite Chinese industrial production figures coming in above forecast.The copper price- just 4,200 lots have changed hands on Select so far. Stock movements were marginal, with inventories down 200 tonnes to 159,175 tonnes. the aluminium price was the most notable mover, peaking at a fresh 13-month high of $1,979 per tonne – it was last at $1,975, up $15 on the Tuesday’s close. Zinc hit $2,320 overnight but is currently sitting around $2,311, up $12. Stocks continue to fall, dropping another 750 tonnes to 657,725 tonnes, marking the 12th day of consecutive declines. Lead drifted from its earlier session high of $2,220 and was last at $2,212, still up $4. The tin price slipped $36 to $22,139 after a 275-tonnes stock increase to 11,810 tonnes. Nickel rose $44 to $19,369, continuing to take support from the long-running Indonesian ore export ban. It shrugged off a 96-tonne increase in stocks, which took LME inventories to fresh highs.

• The global Brent oil contract lost 0.2% to $105.85 a barrel, on the last day of trading for the expiring August contract.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.2125. If it breaks the level of 3.2065, it can touch the level of 3.1955 & 3.1800 respectively. If it sustain above the level of 3.2425, it can touch the level of 3.2535, 3.2685 respectively.

  • SELL COPPER-COMEX BELOW 3.2065 TGTS 3.1955, 3.1800 SL 3.2175.
  • BUY COPPER-COMEX ABOVE 3.2425 TGTS 3.2535, 3.2685 SL 3.2315.

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

17Jul

IForex Market Trading Signals and News of 17 July 2014

TRADING TIPS :

  • Forex – Euro drops to 1-month lows against firmer dollar
  • Forex – USD/CHF rises on weak Swiss data, Yellen
  • Forex – Pound edges lower despite upbeat U.K. jobs data

AUD/USD
AUD/USD hit 0.9330 during late Asian trade, the pair’s lowest since July 3; the pair subsequently consolidated at 0.9343, shedding 0.29%. The pair was likely to find support at 0.9258, the low of June 5 and resistance at 0.9402, Tuesday’s high. The greenback remained supported after Ms. Yellen on Tuesday said interest rates could rise sooner if the labor market was to improve more quickly than expected. However, the Fed chair also said that if the economic recovery disappoints monetary policy would remain accommodative.

EUR/USD
EUR/USD was down 0.24% to 1.3535, the lowest since June 16, from 1.3561 late Tuesday. The pair was likely to find support at around the 1.3500 level and resistance at 1.3575. Demand for the dollar continued to be underpinned after Ms. Yellen said interest rates could rise sooner if the labor market was to improve more quickly than expected. However, the Fed chair also said that if the economic recovery disappoints monetary policy would remain accommodative.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7150- TG: 1.7170/ 1.7210 SL 1.7120
2. Sell GBP/USD Below 1.7115- TG: 1.7095/ 1.7065 SL 1.7145

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

16Jul

Comex Commodity Trading Signals and Market News – 16 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell further in Asia on Wednesday as investors reacted to remarks by Federal Reserve Chairwoman Janet Yellen that hinted rates could rise sooner if the economy ticks up faster than expected. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,295.10 a troy ounce, down 0.15%, after hitting an overnight session low of $1,293.10 and off a high of $1,314.50.

Silver for September delivery was down 0.63% at $20.758 a troy ounce. Copper futures for September delivery fell 0.08% to $3.248 a pound.

Crude oil prices rose in Asia on Wednesday as U.S. crude oil stocks fell sharply, according to industry data, showing solid demand. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $100.22 a barrel, up 0.26%, after hitting an vernight session low of $99.02 a barrel and a high of $101.20 a barrel.

Brent oil futures, the international benchmark, fell 0.9% to $106.02 a barrel on ICE Futures Europe to a three-month low on Tuesday.

Natural gas futures carried Monday’s losses into Tuesday after updated weather-forecasting models continued to call for below- normal temperatures sweeping in from Canada into the Midwest to trek east. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.112 per million British thermal units during U.S. trading, down 0.86%. The commodity hit a session high of $4.158 and a low of $4.098. The August contract settled up 0.02% on Monday to end at $4.147 per million British thermal units.

Base metals mostly continued their consolidation mode during Wednesday’s Asian trade despite latest Chinese GDP data performing above expectations. Copper last at $7,128 per tonne is just $2 lower from Tuesday, while Aluminium at $1,964 is $4 higher – it peaked $1,967.25 on Tuesday, which is the highest level since June 2013. Stocks fell 9,100 tonnes to 4,986,175 tonnes, holding around September 2012 lows, while cancelled warrants dipped 10,825 tonnes to 2,931,800 tonnes. Zinc closed at $2,299, a $48 loss but recovered some $13 overnight to the current $2,312 per tonne. . Both stocks and cancelled warrants were 1,500 tonnes lower at 658,475 tonnes and 60,575 tonnes respectively. Lead hardly moved at $2,207 while nickel dropped $10 to $19,315 after a 612-tonne inventory increase to 308,322 tonnes. Tin at $22,110 is down $65, with no change in stocks.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1479.745. If it breaks the level of 1478, it can touch the level of 1470 & 1458 respectively. If it sustain above the level of 1497, it can touch the level of 1505, 1517 respectively.

  • SELL PLATINUM-COMEX BELOW 1478 TGTS 1470, 1458 SL 1488.
  • BUY PLATINUM-COMEX ABOVE 1497 TGTS 1505, 1517 SL 1487.

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

16Jul
Forex Signals

IForex Market Trading Signals and News of 16 July 2014

TRADING TIPS :

  • Forex – EUR/USD pushes lower on weak ZEW data
  • Forex – Pound hits session highs as U.K. inflation accelerates
  • Forex – NZD/USD edges lower, eyes on Yellen testimony

USD/CAD
AUD/USD hit 0.9371 during late Asian trade, the pair’s lowest since July 10; the pair subsequently consolidated at 0.9369, shedding 0.24%. The pair was likely to find support at 0.9342, the low of July 7 and resistance at 0.9456, the high of July 10. In the minutes of its July policy meeting, the RBA reiterated that it expects a period of stable interest rates as they “are working to support demand.”

EUR/USD
EUR/USD hit 1.3596 during European morning trade, the pair’s lowest since July 11; the pair subsequently consolidated at 1.3596, edging down 0.17%. The pair was likely to find support at 1.3576, the low of July 7 and resistance at 1.3640, Monday’s high. In a report, the ZEW Institute said its index for economic sentiment in Germany fell to a 19-month low of 27.1 in July, from a reading of 29.8 the previous month. Analysts had expected the index to to tick down to 28.0 this month.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7175- TG: 1.7195/ 1.7235 SL 1.7145
2. Sell GBP/USD Below 1.7150- TG: 1.7130/ 1.7100 SL 1.7180

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

16Jul
sgx 16 july 2014

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

MARKET UPDATES :

  • MORE businesses were started in Singapore in the second quarter of this year than in the first three months of 2014. The Singapore Business Formation Statistics Report counted 18,689 new businesses registered here in the second quarter.
  • Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of Mapletree Industrial Trust (MIT, BBB+/Stable), Parkway Life Real Estate Investment Trust (PREIT, BBB/Stable), CDL Hospitality Trust (CDL, BBB-/Stable) and Far East Hospitality Trust (FEHT, BBB-/Stable). A full list of rating actions is at the end of this rating action commentary.
  • COMPANIES are paying their bills seven days faster than they were in the first quarter of 2014. According to Trade Payment Data released by the DP SME Commercial Credit Bureau, this is the first improvement for 18 months.
  • DEVELOPERS’ sale of private condos plunged 68 per cent from a month ago to 482 units in June, a quiet month where only 418 units were launched.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 35.700 TG 36.000, 36.300, 36.700 SL 35.400

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

15Jul
sgx 15 july 2014

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

MARKET UPDATES :

  • HOTEL and serviced residence owner Frasers Hospitality Trust (FHT) made its debut on the Singapore Exchange mainboard at 90 Singapore cents a unit, up two cents, or 2.3 per cent, compared to its initial public offer (IPO) at 88 cents a unit.
  • Singapore tried its best to save an own goal on Monday by updating an anti-gambling ad that starred a despairing boy named Andy telling friends his dad had bet his life savings on Germany winning the World Cup.
  • RESALE prices of private condos slipped further last month to a one-and-a-half year low since December 2012, despite an increase in resale volumes in the same month.
  • Compared to May, prices fell 1.4 per cent, led by declines in across all regions in Singapore, data from SRX shows.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.540 TG 2.580, 2.620, 2.680 SL 2.480

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

15Jul

Comex Commodity Trading Signals and Market News – 15 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on Tuesday ahead of testimeony from the U.S. Federal Reserve chief to Congress and continued tension in the euro zone over Portugal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,308.70 a troy ounce, up 0.15%, after hitting an overnight session low of $1,304.10 and off a high of $1,340.70.

Silver for September delivery rose 0.23% at $20.962 a troy ounce. Copper futures for September delivery were down 0.02% at $3.253 a pound.

Crude prices held steady in Asia on Tuesday ahead of U.S. stockpile reports this week. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $100.93 a barrel, up 0.01%, after closing at $101.83 a barrel overnight.

Brent Oil on the ICE futures exchange in London gained 0.3% to $106.98 a barrel on Monday.

Natural gas futures edged lower on Monday after updated weather-forecasting models predicted below-normal temperatures to sweep in from Canada into the Midwest this week and trek east. On the New York Mercantile Exchange,natural gas futures for delivery in August traded at $4.130 per million British thermal units during U.S. trading, down 0.40%. The commodity hit a session high of $4.172 and a low of $4.096. The August contract settled down 0.63% on Friday to end at $4.146 per million British thermal units.

Base metals were mostly trading at the lower end of their recent ranges on Tuesday, as the market awaits a strong of key Chinese data releases out tomorrow. Copper finished at $7,120 per tonne on Monday and is now $33 lower at $7,096 per tonne. Inventories rose a net 925 tonnes to 159,400 tonnes, with incremental increases continuing in Busan. Stocks there rose another 950 tonnes, which traders attribute to its proximity to China Aluminium fell as well, declining to $1,934 from Monday’s $1,942 although inventories dropped 10,625 tonnes to 4,995,275 tonnes, falling below 5 million tonnes for the first time since September 2012. Zinc at $2,296 is down $11 and lead at $2,198 fell $15 overnight. Tin lost $13 to last done at $22,109, with stocks dropping 40 tonnes to 11,535 tonnes. Nickel was last at $19,236, down $114 after stocks rose 3,960 tonnes to 307,710 tonnes.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.2500. If it breaks the level of 3.2270, it can touch the level of 3.2150 & 3.2000 respectively. If it sustain above the level of 3.2605, it can touch the level of 3.2725, 3.2875 respectively.

  • SELL COPPER-COMEX BELOW 3.2270 TGTS 3.2150, 3.2000 SL 3.2390.
  • BUY COPPER-COMEX ABOVE 3.2605 TGTS 3.2725, 3.2875 SL 3.2485.

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

15Jul
forex-market-hours

IForex Market Trading Signals and News of 15 July 2014

TRADING TIPS :

  • Forex – USD/CAD steady near two-week highs
  • Forex – Euro higher against dollar, yen; gains capped
  • Forex – AUD/USD almost unchanged in light trade

USD/CAD
USD/CAD touched highs of 1.0748, the most since June 25 and was last at 1.0730, unchanged for the day. The pair was likely to find support at around the 1.0700 level and resistance at 1.0775. The Canadian dollar weakened broadly on Friday after data showed that the country’s economy unexpectedly shed jobs in June. Statistics Canada reported that the economy lost 9,400 jobs last month, compared to expectations for jobs growth of 20,000. The Canadian unemployment rate ticked up to 7.1% from 7.0% in May, against expectations of an unchanged reading.

EUR/USD
EUR/USD touched highs of 1.3640 and was last up 0.14% to 1.3625. The pair was likely to find support at the 1.3575 level and resistance at about 1.3650. Senior ECB policymakers have voiced concerns over the impact of the strong euro on the inflation outlook for the region in recent months. Draghi was testify on monetary policy at a hearing before the Economic and Monetary Affairs Committee of the European Parliament in Strasbourg later Monday.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7095- TG: 1.7125/ 1.7155 SL 1.7065
2. Sell GBP/USD Below 1.7060- TG: 1.7040/ 1.7010 SL 1.7090

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

14Jul

Comex Commodity Trading Signals and Market News – 14 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures came off earlier highs and dipped into negative territory on Friday though the commodity remain stable on fears that financial woes at Portugal’s largest bank may signify the euro zone periphery may be facing financial troubles anew. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,337.00 a troy ounce during U.S. trading, down 0.16%, up from a session low of $1,334.90 and off a high of $1,340.30. The August contract settled up 1.13% at $1,339.20 on Thursday.

Silver for September delivery was down 0.19% at $21.468 a troy ounce, while copper futures for September delivery were up 0.07% at $3.269 a pound.

Crude futures dropped on Friday as investors continued to unwind positions that priced in conflict-related supply disruptions in Libya and Iraq that never materialized. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $101.00 a barrel during U.S. trading, down 1.88%. New York-traded oil futures hit a session low of $100.62 a barrel and a high of $102.92 a barrel. The August contract settled up 0.63% at $102.93 a barrel on Thursday.

Natural gas futures bounced back from six-month lows on Friday after bargain hunters snapped up nicely-priced positions in the commodity and reversed losses stemming from Thursday’s bearish supply report. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.138 per million British thermal units during U.S. trading, up 0.44%. The commodity hit a session high of $4.158 and a low of $4.107. The August contract settled down 1.20% on Thursday to end at $4.120 per million British thermal units.

Base metals were in consolidation mode in Friday’s LME premarket on a lack of impetus. Conditions were thin – fewer than 4,000 lots of copper have changed hands on Select so far. Copper was last at $7,141 per tonne, down $21 on Thursday’s close. Stocks were up 375 tonnes to 158,475 tonnes – again due to material arriving in Busan. Cancellations at the Korean port also climbed 850 tonnes to 2,375 tonnes. Aluminium was $5 higher at $1,930, with stocks 9,450 tonnes lower at 5,005,900 tonnes and cancelled warrants 1,425 tonnes higher at 2,949,250 tonnes. Tin was trading around two-week lows at $21,950 – stocks increased 30 tonnes to 11,575 tonnes. Nickel has been bumpy, reflecting political developments in Indonesia. It was last at $19,290, up $40, after stocks fell 60 tonnes to 307,350 tonnes although cancelled warrants dropped 2,646 tonnes to 104,352 tonnes. Lead at $2,196 was up $7 – stocks and cancelled warrants both down 225 tonnes at 213,375 tonnes and 11,375 tonnes respectively – while zinc at $2,285 was up $14 after stocks fell 1,050 tonnes to 660,800 tonnes and cancelled warrants jumped 4,950 tonnes to 62,850 tonnes.

• The ICE Futures Exchange in London, Brent oil futures for August delivery were down 1.82% and trading at US$106.701 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$5.70 a barrel.

TRADING STRATEGY :

SILVER-COMEX has closed @ 21.41. If it sustain above the level of 21.46, it can touch the level of 21.61 & 21.81 respectively. If it breaks the level of 21.13, it can touch the level of 20.98, 20.78 respectively.

  • BUY SILVER-COMEX ABOVE 21.46 TGTS 21.61, 21.81 SL 21.27.
  • SELL SILVER-COMEX BELOW 21.13 TGTS 20.98, 20.78 SL 21.32.

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

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