2May
forex-market-hours

Financial Sgx Singapore Stock Market Trading Picks And News – 02th May 2014

MARKET UPDATES

  • Singapore bank shares surged on Wednesday after two top lenders reported record profit for the first quarter, propping up the main index from 2-week lows. DBS Group Holdings Ltd shares jumped as much as 2.8% to S$17.31, their highest in more than 3 months, while OCBC Ltd shares gained 3.2 per cent to a 3-week high of S$9.77. The gains pushed the Singapore index up 0.77 per cent from the 2-week low it hit on Tuesday.
  • BUSINESS sentiment among Singapore’s manufacturers has improved, says the Economic Development Board’s (EDB) quarterly poll of more than 400 manufacturing companies conducted between March and April. This was thanks to a spike in optimism from the precision engineering cluster, as well as a turnaround in the electronics cluster’s sentiment.
  • CATHAY Pacific Airways will move to Singapore Changi Airport’s new Terminal 4 (T4) when it is ready in 2017. The Changi Airport Group said on Wednesday that the Hong Kong carrier will be the first airline to confirm its move to the new terminal. Tender for the construction of the S$985 million contract was given to Takenaka Corporation in December last year.

STOCK RECOMMENDATION

  • BUY SINGAPORE TELECOMMUNICATION ABOVE 3.830 TG 3.880, 3.930, 3.990 SL 3.760

 

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

30Apr

Comex Commodity Trading Signals and Market News – 30th April 2014

Gold prices were flat in Asia on Wednesday as investors held steady ahead of the May 1 holidays in much of the region with major buyer China on the sidelines on Thursday and Friday. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,296.20a troy ounce, down 0.01%, after hitting an overnight session low of $1,286.60 and off a high of $1,301.40. Overnight, gold prices inched lower as investors shrugged off lackluster U.S. data and remained camped out in safe-haven dollar positions ahead of the Federal Reserve’s Wednesday statement on monetary policy.

Silver comex for July delivery fell 0.22% at US$19.495 a troy ounce, while copper futures for July delivery rose 0.07% to US$3.077 a pound.

Crude oil futures fell in Asia on Wednesday after bearish industry data on U.S. supplies and prospects for increased exports from Libya. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.63 a barrel, down 0.65%, after hitting an overnight session low of $100.82 a barrel and a high of $102.20 a barrel.

Brent crude on the ICE futures exchange rose 86 cents, or 0.8%, to $108.98 a barrel.

TRADING STRATEGY

SILVER-COMEX has closed @ 19.44. If it breaks the level of 19.35, it can touch the level of 19.21 & 19.02 respectively. If it sustain above the level of 19.74, it can touch the level of 19.88 & 20.07 respectively.
SELL SILVER-COMEX BELOW 19.35 TGTS 19.21, 19.02 SL 19.56.
BUY SILVER-COMEX ABOVE 19.74 TGTS 19.88, 20.07 SL 19.53

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

30Apr
forex-trading3

Forex Market Trading Signals and News of 30th April 2014

TRADING TIPS

Forex -Dollar higher vs. euro, sterling close to multi-year highs

Forex – USD/JPY gains on upbeat U.S. housing data, BoJ expectations

Forex – EUR/USD trims gains as dollar firms on U.S. housing data

USD/JPY

USD/JPY was up 0.29% and trading at 102.49, up from a session low of 102.05 and off a high of 102.62.The pair was expected to test support at 101.96, Friday’s low, and resistance at 102.73, Tuesday’s high.The dollar firmed after the National Association of Realtors reported that pending home sales jumped 3.4% in March, far surpassing expectations for a 1% gain.Pending home sales for February were revised to a 0.5% drop from a previously reported decline of 0.8%.On a year-over-year basis, pending home sales were still down 7.9% in March, though the data firmed the dollar by reminding investors that the Federal Reserve will continue tapering monthly bond purchases as the year unfolds.Fed bond purchases, currently set at $55 billion a month, weaken the dollar by suppressing long-term borrowing costs, and talk of their dismantling can strengthen the greenback.The Bank of Japan will hold a policy meeting on Wednesday, and the monetary authority is widely seen keeping its stimulus programs in place, which softened the yen.

EUR/USD

EUR/USD touched lows of 1.3812 and was last down 0.22% to 1.3818.The euro weakened across the board after Germany’s Federal Statistics Bureau reported that consumer prices fell 0.2% this month, and increased 1.3% on a year-over-year basis. Market expectations had been for a monthly decline of 0.1% and an annual increase of 1.4%.The data came as investors were looking ahead to preliminary data on euro zone inflation, due for release on Wednesday.The euro rose to almost two-week highs against the dollar earlier amid expectations that Wednesday’s report would show an uptick in consumer prices, after the annual rate of inflation in the region slowed to a record low 0.5% in March. The ECB targets an inflation rate of close to but just under 2%.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6860- TG: 1.6880/ 1.6910 SL 1.6830

2. Sell GBP/USD Below 1.6810- TG: 1.6790/ 1.6760 SL 1.6840

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

30Apr
SGX Singapore

Financial Sgx Singapore Stock Market Trading Picks And News – 30th April 2014

MARKET UPDATES

  • THE Singapore government has released two sites at Tuas and one at Woodlands for sale in a tender under the first half of its Industrial Government Land Sales (IGLS) programme. The 3.9-ha site at Woodlands Ave 12 released by URA is zoned for Business-1 development and has a maximum permissible gross plot ratio of 2.5 with 30-year tenure.
  • COCA-COLA’S affiliate, DP Beverages, has partnered Singapore’s Agency for Science, Technology and Research to expand its technology presence in the city- state and develop new innovations that will “add value to consumers and support a sustainable world”. Coca- Cola will be able to tap on advanced technology and research expertise to optimize its production processes.
  • A 99-year private housing site in Sims Drive has attracted four bids at a state tender that closed on Tuesday.The top bid, from Guocoland unit First Changi Development, was S$530.891 milion. This translates to S$687.88 per square foot per plot ratio (psf ppr). The second highest bid, translating to S$650.45 psf ppr, was made by a City Developments, Hong Leong Holdings and TID joint venture.

STOCK RECOMMENDATION

  • BUY HONGKONG LAND ABOVE 6.980 TG 7.060, 7.140, 7.220 SL 6.900

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

28Apr

Comex Commodity Trading Signals and Market News – 28th April 2014

Gold futures were higher on Friday, supported by renewed tensions between Russia and Ukraine, while markets awaited the release of U.S. consumer sentiment data later in the trading session. On the Comex division of the New York Mercantile Exchange, gold futures for  June delivery traded at $1,300.20 a troy ounce during European afternoon trade, up 0.76%. The June contract settled 0.47% higher on  Thursday to end at $1,290.6 a troy ounce.

Silver comex for May delivery dipped 0.03% to trade at $19.682 a troy ounce, while copper for May delivery edged down 0.09% to trade at $3.118 a pound.

Crude futures fell on Friday after investors sold the commodity for profits, keeping a wary eye on escalating tensions in Ukraine on concerns the standoff could affect shipments from energy-rich Russia. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.75 a barrel during U.S. trading, down 1.17%. New York-traded oil futures hit a session low of $100.51 a barrel and a high of $102.05 a barrel. The June contract settled up 0.49% at $101.94 a barrel on Thursday.

The ICE Futures Exchange in London, Brent oil futures for June delivery were down 0.57%, trading at US$109.71 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$8.96 a barrel.

A bearish weekly stockpile report revealing a larger-than-expected inventory build in the U.S. sent natural gas prices falling on Friday, as markets priced in a late-season cool snap and avoided the commodity. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.669 per million British thermal units during U.S. trading, down 1.14%. The commodity hit session high of $4.739 and a low of $4.646. The June contract settled down 0.51% on Thursday to end at $4.723 per million British thermal units.

Base metals slipped into the minus column during Friday’s LME premarket session, pulled back by a retracement in the copper market, where prices were unable to extend beyond early six-week highs. In the metals, copper touched $6,780 initially, its best since March 7, but then tracked back to $6,740 per tonne, a $13 loss from Thursday’s kerb. Nickel was consolidating below the previous day’s 14-month high of $18,600, trading at $18,300, a $50 loss. Stocks rose 678 tonnes to 277,734 tonnes.Tin also held under its six-month high of $23,849 yesterday, with business at $23,600, down $125 – there was a five-tonne increase in stocks to 9,450 tonnes. Aluminium has become sidelined below $1,900 in recent sessions – it was recently trading at $1,873, a $4 loss. Stocks jumped 11,875 tonnes to a two-week high of 5,339,325 tonnes due to a 19,125-tonne warranting in Vlissingen. Zinc at $2,059 was $13 lower but stocks dropped 3,100 tonnes to 786,475 tonnes. Lead business at $2,164 was down $4, with inventories falling 1,500 tonnes to 193,275 tonnes, the lowest again since mid-September.

TRADING STRATEGY

BRENTCRUDEOIL-NYMEX has closed @ 109.49. If it breaks the level of 109.33, it can touch the level of 108.93 & 108.30 respectively. If it sustain above the level of 110.57, it can touch the level of 110.97 & 111.62 respectively.
SELL BRENTCRUDEOIL-NYMEX BELOW 109.33 TGTS 108.93, 108.30 SL 109.93.
BUY BRENTCRUDEOIL-NYMEX ABOVE 110.57 TGTS 110.97, 111.62 SL 109.97

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

28Apr
Forex Signals

Forex Market Trading Signals and News of 28th April 2014

➔ Forex – EUR/USD edges higher but upside seen limited
➔ Forex – USD/JPY slides on Ukraine unease, U.S. data support
➔ Forex – GBP/USD holds steady after upbeat U.K. retail sales data

GBP-USD
GBP/USD hit 1.6831 during European morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.6807, inching up 0.03%.Cable was likely to find support at 1.6718, the low of April 11 and resistance at 1.6842, the high of April 17 and a four-and-a-half year high.Official data showed that U.K. retail sales rose 0.1% in March, beaing expectations for a 0.4% fall. Retail sales in February were revised down to a 1.3% increase from a previously estimated 1.7% gain.A separate report showed that U.K. mortgage approvals rose by 45,900 last month, compared to expectations for an increase of 48,900. February’s mortgage approvals were revised down to a 47,200 rise from a previously estimated 47,600 increase.

EUR/USD
EUR/USD hit 1.3848 during U.S. morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.3841, adding 0.08%.The pair was likely to find support at 1.3792, Thursday’s low and resistance at 1.3884, the high of April 13.In a revised report, the University of Michigan said its consumer sentiment index rose to a nine-month high of 84.1 in April, from a reading of 82.6 in March. Analysts had expected the index to rise to 83.0 this month.The University of Michigan also said inflation expectations for the next 12 months ticked up to 3.2% in April, from the previous month’s estimate of 3.1%.Meanwhile, market sentiment remained fragile amid renewed tensions in Eastern Europe, after Ukrainian troops killed several pro-Russian rebels on Thursday,and Russian troops started military exercises close to its border with Ukraine.

RECOMMENDATION :-

1. Buy USD/CAD Above 1.1050- TG: 1.1090/ 1.1150 SL 1.1000
2. Sell USD/CAD Below 1.0995- TG: 1.0955/ 1.0895 SL 1.1050

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

28Apr
financial

Financial Sgx Singapore Stock Market Trading Picks And News – 28th April 2014

MARKET UPDATES

  • SINGAPORE’S manufacturing sector expanded by a surprising 12.1 per cent in March compared to a year ago, thanks to double-digit jumps in transport engineering and biomedical output. This came after February’s revised year-on-year pace of 13.1 per cent(previously estimated at 12.8 per cent). The 18 economists polled by Bloomberg prior to the data release had a median growth forecast of 6.4 per cent.
  • RESALE prices of public flats here slipped further in the first quarter by 1.6 per cent from a quarter ago, afterfalling 1.5 per cent in the fourth quarter of last year, For the first time since 2007, HDB has ceased publication of the quarterly median cash-over- valuation by town and flat type.
  • OCBC will maintain the quality of its loan portfolio with its $6.23 billion acquisition of Wing Hang Bank, said OCBC chief executive Samuel Tsien on Thursday. Responding to a query at a shareholders’ meeting, Mr Tsien said Wing Hang’s non-performing loan ratio stands at 0.44 per cent, which is lower than OCBC’s 0.7 per cent.

STOCK RECOMMENDATION

  • BUY SMRRT CORPORATION ABOVE 1.280 TG 1.320,1.360, 1.420 SL 1.220

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

24Apr

Comex Commodity Trading Signals and Market News – 24th April 2014

Gold prices eased in Asia on Thursday in mild profit taking. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,283.60 a troy ounce, down 0.08%, after hitting an overnight session low of $1,281.00 and off a high of $1,289.00. Overnight, gold prices rose after disappointing home sales figures reminded investors benchmark interest rates in the U.S. will remain low for the foreseeable future, a recipe for firm gold prices.

Silver for May delivery was down 0.07% at US$19.425 a troy ounce, while copper futures for May delivery was down 0.02% at US$3.057 a pound.

Crude oil prices rebounded in Asia on Thursday after a decline on U.S. supplies reaching an all-time high in weekly EIA data going back to August 1982. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.58 a barrel, up 0.13%, after hitting an overnight session low of $101.21 a barrel and a high of $102.07 a barrel.

Brent crude on the ICE Futures Exchange fell 16 cents, or 0.2%, to $109.11 a barrel on Wednesday.

Natural carried Tuesday’s gains into Wednesday after updated weather-forecasting models continued to call for below- normal temperatures stretching across portions of the central and eastern U.S. in the coming week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.776 per million British thermal units during U.S. trading, up 0.37%. The commodity hit session high of $4.802 and a low of $4. 746. The June contract settled up 0.91% on Tuesday to end at $4.758 per million British thermal units.

The base metals were generally strong yesterday with average gains of 1.1 percent, copper bucked the trend it was down 0.2 percent at $6,657.50, while the rest were stronger, with nickel up 2.4 percent to $18,340, aluminium up 1.3 percent at $1,890 and the rest up around one percent.

TRADING STRATEGY

NATURALGAS-NYMEX has closed @ 4.721. If it sustain above the level of 4.795, it can touch the level of 4.840 & 4.894 respectively. If it breaks the level of 4.676, it can touch the level of 4.631 & 4.575 respectively.

BUY NATURALGAS-NYMEX ABOVE 4.795 TGTS 4.840, 4.894 SL 4.735.
SELL NATURALGAS-NYMEX BELOW 4.676 TGTS 4.631, 4.575 SL 4.736.

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

24Apr

Forex Market Trading Signals and News of 24th April 2014

➔ Forex – Euro extends gains after euro zone PMI surveys
➔ Forex – USD/CAD modestly higher after Canadian retail sales
➔ Forex – AUD/USD drops to 2-1/2 week lows after Australian data

USD/CAD
USD/CAD was last trading at 1.1042, up from 1.1028 ahead of the data.The pair was likely to find support at 1.0999, Tuesday’s low and resistance at 1.1075.The pair showed a muted reaction after Statistics Canada reported that retail sales rose 0.5% in February, in line with analysts’ forecasts, slowing from a downwardly revised increase of 0.9% in January.Core retail sales, which exclude automobile sales, rose 0.6%, in line with expectations.The pair has traded in a relatively narrow range this week, with the greenback supported by indications that the U.S. economy is recovering. The loonie, as the Canadian dollar is also known, remained
softer as the Bank of Canada’s dovish stance weighed

EUR/USD
EUR/USD hit highs of 1.3845, the strongest since April 17 and was last up 0.26% to 1.3841.
The pair was likely to find support at 1.3784, Tuesday’s low and resistance at 1.3865.The euro zone manufacturing purchasing managers’ index rose to 53.3 this month from 53.0 in March, compared to expectations for an unchanged reading.The bloc’s services PMI rose to 53.1 from 52.2 the previous month, better then forecasts for 52.4.The recovery in the euro zone’s largest economy accelerated this month, with activity in both the manufacturing and service sector strengthening.Germany’s manufacturing PMI rose to 54.2 from 53.7 in March, ahead of expectations for a reading of 54.0. The country’s services PMI increased to 55.0 from 53.0,
better than the 53.4 forecast by analysts.But growth in the French private sector lost momentum this month,with the country’s manufacturing PMI falling to 50.9 from 52.1 in March, and weaker than the 51.9 expected by analysts.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6820- TG: 1.6840/ 1.6870 SL 1.6784
2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6805

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

24Apr
SGX Singapore

financial Sgx Singapore Stock Market Trading Picks And News – 24th April 2014

MARKET UPDATES

  • Singapore Exchange Ltd reported a 22 per cent fall in net profit on Wednesday, hit by a continued slide in share trading volumes, though a steady performance by its derivatives, listings and market data businesses meant it fared better than analysts expected. SGX posted a net profit of S$75.8 million (US60.33 million) for the March quarter, above the S$73.8 million.
  • SINGAPORE’S consumer prices rose 1.2 per cent in March from a year ago, as inflation rebounded from February’s four-year low of 0.4 per cent on the back of rising food and health care costs. This was slightly above the 1.1 per cent the market was expecting, going by the median forecast of 19 economists polled by Bloomberg before Singapore’s Department of Statistics released price data on Wednesday.
  • The Board of Directors of AIMS AMP Capital Industrial Reit Management Limited today announced Standard & Poors’ (S&P) had reaffirmed its ‘BBB-‘credit rating for the trust. S&P said it regards the trust “as one of the strongest trusts among Singapore-based industrial Reits that they rate.” The trust has a track record of expanding its portfolio and increasing its geographic diversity, while maintaining financial discipline,”according to S&P.

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.500 TG 3.550,3.600, 3.670 SL 3.430

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

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