8May
forex-trading3

IForex Market Trading Signals and News of 08th May 2014

TRADING TIPS

USD/CAD

USD/CAD edged up to 1.0902 from 1.0890 ahead of the data. The pair was likely to find support at 1.0857 and resistance at 1.0950.The Canadian dollar dipped after Statistics Canada reported that the number of new building permits issued in March tumbled 3%, confounding expectations for a gain of 4.3%.February’s figure was revised to a drop of 11.3% from a previously reported decline of 11.6%.The greenback remained under pressure ahead of testimony to Congress by U.S. central bank head Janet Yellen later Wednesday. Ms. Yellen was widely expected to reiterate interest rates will remain on hold for longer, in spite of last month’s stronger-than-forecast U.S. nonfarm payrolls report.

GBP/USD

GBP/USD was trading at 1.6970, not far from the peaks of 1.6993 reached on Tuesday, the highest level since August 2009.Cable was likely to find support at 1.6925 and resistance at 1.7000.A recent string of upbeat reports about the U.K. economy has raised expectations the BoE could raise borrowing costs ahead of other central banks.The pound strengthened across the board on Tuesday after a forecast beating U.K. services purchasing managers’ index bolstered the outlook for the wider recovery.The U.K. services PMI rose to 58.7 last month from 57.6 in March, far above the 50 level separating growth from contraction and beating forecasts of an unchanged reading..

RECOMMENDATION :-

1. Buy GBP/USD Above 1.7005- TG: 1.7025/ 1.7055 SL 1.6975
2. Sell GBP/USD Below 1.6950- TG: 1.6930/ 1.6900 SL 1.6980

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

8May
sgx-asx-tse

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

MARKET UPDATES

UOL Group posted a 69 per cent year-on-year improvement in group net profit to S$120.8 mn for the first quarter ended March 31, 2014. This was due mainly to the sale of land at Jalan Conlay, Kuala Lumpur, which netted a one-off attributable gain of S$44.3 mn. Group revenue rose 65% to S$408.8 mn, of which the KL land sale accounted for S$218.5 mn.

•CERTIFICATE of entitlement (COE) premiums for cars in Singapore fell in the latest bidding round, which closed on Wednesday.

•The COE for small cars dropped from S$71,335 to S$60,002 while the premium for big cars declined from S$75,010 to S$70,002.

•Meanwhile, in the open category, the COE premium registered S$65,501, down from S$73,810 in the last round of bidding in April.

•For motorcycles, the COE premium slipped to S$4,001, down from S$4,502, while the COE price for goods vehicles and buses.

•JTC Corporation on Wednesday said that first-quarter gross allocation of prepared industrial land (PIL) in Singapore fell to 48 ha, from 118.1 ha in the fourth quarter last year. Returns for PIL also fell to 36.1 ha in the first quarter, resulting in a positive net allocation for PIL at 11.9 hectares (ha).

STOCK RECOMMENDATION:

•BUY WILMAR INTERNATIONAL ABOVE 3.300 TG 3.350, 3.400, 3.460 SL 3.230

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

7May

Comex Commodity Trading Signals and Market News – 07th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices hovered stead in Asia on Wednesday with an eye on the dollar and events in the Ukraine. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,308.70 a troy ounce, up 0.01%, after hitting an overnight session low of $1,304.60 and off a high of $1,314.20.

Silver comex for July delivery was down 0.13% at $19.620 a troy ounce. Copper futures for July delivery were up 0.07% at $3.056 a pound.

Crude oil prices rose in Asia on Wednesday as an industry group reported a drop in U.S. oil stocks and tension in the Ukraine lent support. The American Petroleum Institute, an industry group, said late Tuesday that its own data showed a 1.8 million-barrel drop in crude stocks, according to industry sources. The group also said that gasoline supplies rose by 2.4 million barrels and distillate stocks grew by 763,000 barrels. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $99.85 a barrel, up 0.35%, after hitting an overnight session low of $99.33 a barrel and a high of $100.42 a barrel.

Natural gas prices rose on Tuesday as forecasts for above-normal temperatures along the West Coast boosted demand for the commodity. On the New York Mercantile Exchange, Natiral gas futures for delivery in June traded at $4.804 per million British thermal units during U.S. trading, up 2.46%. The commodity hit session high of $4.806 and a low of $4.693. The June contract settled up 0.30% on Monday to end at $4.688 per million British thermal units.

The base metals price were little-changed in Tuesday’s premarket following the UK’s return to market after a long weekend. the copper price at $6,702 was down $17 on Friday’s close. Stocks fell a net 4,375 tonnes to 225,425 tonnes, the lowest since October 26, 2012, and cancelled warrants dropped 2,375 tonnes to 111,350 tonnes. The backwardation in the cash/threes spread has tightened further – it was last at $34/39. The aluminium price was $31 higher at $1,787 after inventories declined 2,625 tonnes to 5,345,125 tonnes but cancelled warrants slipped 5,325 tonnes to 2,920,825 tonnes. Tin at $23,100 was $5 higher after a five-tonne stock drop to 9,535 tonnes. The nickel price jumped $216 to $18,486, finding support from the Russia/Ukraine conflict and the possibility – albeit remote – that sanctions will be extended to Norilsk Nickel exports. Stocks fell 12 tonnes to 279,516 tonnes. Lead gained $20 to $2,111, with 50- tonne reductions in both stocks and cancelled warrants, while Zinc at $2,050 was $10 higher – stocks and cancelled warrants both declined 1,550 tonnes to 766,250 tonnes and 129,525 tonnes respectively. Zinc cash/threes last traded at level, having ended last week at a backwardation of $1.50.

Brent crude on the ICE futures exchange fell 66 cents, or 0.6%, to $107.06 a barrel, the lowest settlement since April 7.


TRADING STRATEGY
:

GOLD-COMEX has closed @ 1307.70. If it sustain above the level of 1316, it can touch the level of 1325 & 1336 respectively. If it breaks the level of 1298, it can touch the level of 1289, 1278 respectively.

•BUY GOLD-COMEX ABOVE 1316 TGTS 1325, 1336 SL 1297.
•SELL GOLD-COMEX BELOW 1298 TGTS 1289, 1278 SL 1318.

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

7May
SGX2

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

MARKET UPDATES

  • PERENNIAL China Retail Trust posted a distribution per unit of 95 Singapore cents for its first quarter ended March 31, 2014, unchanged from a year ago.Distributable income, too, held steady at S$10.9 million. The trust also reported net property income (NPI) of S$209,000 on the back of S$2 million in revenue, a reversal from losses of S$433,000 and no revenue generated in the corresponding quarter a year ago.
  • US-based supply chain firm Menlo Logistics opened its eighth facility in Singapore on Tuesday. Worth S$127 million and located at Mapletree Benoi Logistics Hub, the new warehousing and distribution centre will mainly serve the global wine and spirits industry.
  • SINGTEL has been fined a record-breaking S$6 million for the fire at its Bukit Panjang exchange facility in October last year, which disrupted services for homes and businesses across the island. The regulator, the Infocomm Development Authority of Singapore (IDA), found that the telco’s business continuity management policies did not have “specific contingency plans” for an outage of such a scale. IDA also noted other weaknesses in SingTel’s network and practices.

STOCK RECOMMENDATION:

  • BUY GENTING SINGAPORE LTD ABOVE 1.355 TG 1.385, 1.425, 1.470 SL 1.315

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

7May
Forex Signals

IForex Market Trading Signals and News of 07th May 2014

TRADING TIPS

GBP/USD
GBP/USD hit 1.6950 during European morning trade, the pair’s highest since August 2009; the pair subsequently consolidated at 1.6949, advancing 0.48%.Cable was likely to find support at 1.6866, the session low and resistance at 1.7042.Markit research group said the U.K. services purchasing managers’ index rose to a four-month high of 58.7 last month, from a reading of 57.6 in March. Analysts had expected the index to remain unchanged in April.The report came after data last week showed that manufacturing activity in the U.K. expanded at the fastest rate in five months in April, bolstering the outlook for the wider recovery.A recent string of upbeat reports about the U.K. economy has raised expectations the BoE could raise borrowing costs ahead of other central banks.

EUR/USD
EUR/USD hit 1.3939 during European afternoon trade, the pair’s highest since March 18; the pair subsequently consolidated at 1.3937, gaining 0.45%.The pair was likely to find support at 1.3865, Monday’s low and resistance at 1.3966, the high of March 13.The single currency found support after official data showed that euro zone retail sales rose 0.3% in March, confounding expectations for a 0.2% fall. Retail sales in February were revised down to a 0.1% gain from a previously estimated 0.4% increase.The report came after official data showed that the number of unemployed people in Spain dropped by 111,600 in April, compared to expectationd for a decline of 49,100, after a 16,600 fall the previous month.Separately, Markit research group said that Spain’s services purchasing managers’ index rose to a six-year high of 56.5 last month, from a reading of 54.0 in March. Analysts had expected the index to tick up to 54.4 in April.

RECOMMENDATION:

1. Buy GBP/USD Above 1.7005- TG: 1.7025/ 1.7055 SL 1.6975
2. Sell GBP/USD Below 1.6950- TG: 1.6930/ 1.6900 SL 1.6980

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

6May

Comex Commodity Trading Signals and Market News – 06th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices edged higher in Asia on Tuesday underscored by tension in the Ukraine and demand from China.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,311.80 a troy ounce, up 0.19%, after hitting an overnight session low of $1,299.70 and off a high of $1,315.70. Gold prices rose earlier after a final reading of China’s HSBC manufacturing purchasing managers’ index came in at 48.1 April, down from a preliminary estimate of 48.3 and missing forecasts for an uptick to 48.4. A reading below 50 indicates a contraction.

Silver comex for July delivery rose 0.14% at $19.598 a troy ounce. copper futures for July delivery were down 0.07% at $3.056 a pound.

Crude oil prices were flat to slightly weaker in Asia on Tuesday ahead of industry data on U.S. stocks and bearish sentiment on China demand. Last week, crude stocks gained by 3 million barrels , according to the American Petroleum Institute. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $99.46 a barrel, down 0.03%, after hitting an overnight session low of $98.97 a barrel and a high of $100.43 a barrel.

Natural gas prices rose on Monday after bottom fishers snapped up nicely-priced positions in the commodity and erased losses stemming from last week’s bearish supply report. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.703 per million British thermal units during U.S. trading, up 0.61%. The commodity hit session high of $4.765 and a low of $4.652. The June contract settled down 0.95% on Friday to end at $4.674 per million British thermal units.

The ICE Brent oil futures contract fell 87 cents, or 0.8%, to $107.72 a barrel, the lowest settlement since April 11,on the ICE Futures Europe exchange.

TRADING STRATEGY :

SILVER-COMEX has closed @ 19.59. If it sustain above the level of 19.60, it can touch the level of 19.75 & 19.91 respectively. If it breaks the level of 19.29, it can touch the level of 19.14, 18.98 respectively.

• BUY SILVER-COMEX ABOVE 19.60 TGTS 19.75, 19.91 SL 19.35.
• SELL SILVER-COMEX BELOW 19.29 TGTS 19.14, 18.98 SL 19.54.

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

6May

IForex Market Trading Signals and News of 06th May 2014

TRADING TIPS

GBP/USD
GBP/USD hit 1.6853 during U.S. morning trade, the pair’s lowest since May 2; the pair subsequently consolidated at 1.6863, edging down 0.08%.Cable was likely to find support at 1.6807, the low of April 30 and resistance at 1.6922, the high of May 1 and a five-year high.In a report, the Institute of Supply Management said its non-manufacturing purchasing managers’ index rose to a five-month high of 55.2 in April, from a reading of 53.1 in March, compared to expectations for a rise to 54.1.The data came after official data on Friday showed that the U.S. economy added 288,000 jobs in April, well above expectations for jobs growth of 210,000, while the unemployment rate dropped to a five-and-a-half year low of 6.3%.

EUR/USD
EUR/USD hit 1.3886 during U.S. morning trade, the pair’s highest since April 30; the pair subsequently consolidated at 1.3878, inching up 0.06%.The pair was likely to find support at 1.3812, the low of May 2 and resistance at 1.3905, the high of April 11.In a report, the Institute of Supply Management said its non-manufacturing purchasing managers’ index rose to a five-month high of 55.2 in April, from a reading of 53.1 in March, compared to expectations for a rise to 54.1.But the dollar remained under pressure, as Friday’s U.S. employment report showed that the labor force participation rate, which measures the proportion of people either working or looking for work, fell and wage growth weakened.In the euro zone, data earlier showed that the Sentix index of euro zone investor confidence deteriorated unexpectedly this month, falling to 12.8 from a reading of 14.1 in April. Analysts had forecast an increase to 14.2.A separate report showed that producer prices in the euro zone fell 0.2% in March from a month earlier, and were down 1.6% on a year-over-year basis.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6900- TG: 1.6920/ 1.6950 SL 1.6870
2. Sell GBP/USD Below 1.6850- TG: 1.6830/ 1.6800 SL 1.6890

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

6May
Stock_Market_secret.72121700_std-770x425

Financial Sgx Singapore Stock Market Trading Picks And News – 06th May 2014

MARKET UPDATES

  • SEMBCORP Marine shares fell more than two per cent on Monday as the 3.1 per cent growth in its first quarter net profit to S$122.48 million fell below expectations.
  • SHELL has been appointed the sole provider of refuelling operations and fuel management at Seletar Airport for a ten- year period.
  • Seletar Airport, which is managed by Changi Airport Group (CAG), supports corporate flights, medical evacuation, international aircraft charters as well as flying schools.”Given Singapore’s strategic position, Seletar Airport is poised to play a pivotal role in the development of the regional business aviation sector,” said chairman of Shell (Singapore) Lee Tzu Yang at the launch ceremony on Monday. Shell also provides fuel to Singapore’s Changi Airport.
  • OCBC Investment Research on Monday initiated a buy call on Thai Beverage, pegging its target price at 73 cents a share.
  • The stock was trading at 58.5 cents a share on Monday,unchanged from Friday’s close. “We believe the counter is also attractive due to the diversification and liquidity provided to investor,” OCBC analyst Yap Kim Leng,
  • Loyz’s Thailand concessions are producing at a combined rate of around 3,000 barrels of oil per day (bopd) – a significant increase from the 1,200 bopd achieved in February,

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.330 TG 3.380,3.440, 3.520 SL 3.250

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

 

2May

Comex Commodity Trading Signals and Market News – 02th May 2014

Gold gained in Asia Friday in a rebound on physical buying, but in thin tradew with markets in major buyer China shut. On the Comex division of the New York Mercantile Exchange, Gold futures for June delivery traded at $1,284.00 a troy ounce, up 0.05%, after hitting an overnight session low of $1,277.40 and off a high of $1,293.10. Overnight, gold prices edged lower after data revealed consumer spending and personal incomes rose more than expected in March a day after the Federal Reserve said it was cutting the size of its monthly bond-buying program, which has supported gold since 2012.

Silver comex for July delivery was up 0.05% at US$19.053 a troy ounce, while copper futures for July delivery were up 0.05% at $3.027 a pound.

Crude prices eased further in Asia on Friday on growing U.S. crude stockpiles and prospects for higher exports by Libya. On the New York Mercantile Exchange, West Texas Intermediate Crude oil for delivery in June traded at $99.30 a barrel, down 0.12%, after hitting an
overnight session low of $98.76 a barrel and a high of $99.89 a barrel.

Brent crude on the ICE futures exchange fell 31 cents, or 0.3%, to $107.76 a barrel on Thursday, the lowest settlement since April 11.

Natural gas prices dropped on Thursday after data revealed U.S. inventories rose more than markets were expecting last week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.710 per million British thermal units during U.S. trading, down 2.19%. The commodity hit session high of $4.821 and a low of $4.709. The June contract settled down 0.33% on Wednesday to end at $4.815 per million British thermal units.

Base metals prices came under pressure in Thursday’s LME premarket, with all hitting multi-week lows in quiet trading conditions – just 5,800 lots of copper have changed hands on Select so far – with China and much of Western Europe absent for holidays. the copper price fell $27 from Wednesday’s close to $6,618 per tonne but has recovered from its session and April 16 low of $6,591. Stocks fell for the eighth consecutive day, down a net 2,325 tonnes 231,000 tonnes – the lowest since October 2012. The aluminium price at $1,785 was down $15 and at a one-month low after CTA selling on Wednesday. Stocks were 9,025 tonnes lower at 5,354,875 tonnes and cancelled warrants at 2,908,025 tonnes were down 9,425 tonnes. Nickel is back above $18,000 after dropping below this level on Wednesday. Inventories rose 3,030 tonnes to 279,876 tonnes due to arrivals in Rotterdam. The Zinc price was down $11 at $2,022 – stocks and cancelled warrants were both down 5,525 tonnes at 771,475 tonnes and 134,700 tonnes respectively. More than 2,800 lots have traded so far. Lead hit its lowest since April 9 at $2,077.25 and was last at $2,092, still down $14; stocks were unchanged. Tin at $22,940 was off its one-month low of $22,765 although stocks rose 185 tonnes to 9,540 tonnes and cancelled warrants declined 50 tonnes to 4,015 tonnes.

TRADING STRATEGY :-

NATURALGAS-NYMEX has closed @ 4.729. If it breaks the level of 4.700, it can touch the level of 4.660 & 4.611 respectively. If it sustain above the level of 4.782, it can touch the level of 4.822 & 4.875 respectively.
SELL NATURALGAS-NYMEX BELOW 4.700 TGTS 4.660, 4.611 SL 4.755.
BUY NATURALGAS-NYMEX ABOVE 4.782 TGTS 4.822, 4.875 SL 4.727

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

2May

Forex Market Trading Signals and News of 02th May 2014

TRADING TIPS

GBP/USD

GBP/USD touched highs of 1.6922, the most since August 2009, and was last up 0.21% to 1.6906. The pair had been trading at 1.6839 ahead of the data.Cable was likely to find support at 1.6868, the session low and resistance at 1.7000.Sterling rallied after Markit reported that its U.K. manufacturing purchasing managers’ index rose to 57.3 last month from 55.8 in March. Analysts had expected the manufacturing PMI to decline to 55.4.Growth increased across the sector, as firms reported a rise in new orders, and new product launches. Manufacturers also took on more staff, with employment rising for the twelfth consecutive month.Rob Dobson, Markit’s senior economist, said manufacturing output growth had accelerated to “a level among the highest signaled over the past two decades”.

EUR/USD

EUR/USD was last trading at 1.3874, after rising as high as 1.3889 earlier, the strongest level since April 11.The pair was likely to find support at 1.3825 and resistance at 1.3900.The dollar remained on the back foot after data on Wednesday showed that the U.S. economy expanded at an annual rate of just gross domestic product grew at an annual rate of 0.1% in the first quarter, well below forecasts for an expansion of 1.2%.Despite the sharp slowdown in growth the Federal Reserve said Wednesday it would reduce its bond purchases to $45 billion a month, in a widely expected decision. The Fed also said interest rates would remain on hold at record lows for a “considerable time” after the bond-buying program ends later this year.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6900- TG: 1.6920/ 1.6950 SL 1.6870

2. Sell GBP/USD Below 1.6860- TG: 1.6840/ 1.6810 SL 1.6890

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

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