9Jul
sgx 09 july 2014

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

MARKET UPDATES :

  • China’s central bank will allow companies and individuals in Tianjin Eco-City to conduct cross- border yuan transactions with Singapore, following in the footsteps of the Suzhou Industrial Park where a trial scheme was approved last month.
  • In a move to solidify its franchise for non-resident Indian (NRI) clients, BNP Paribas Wealth Management has appointed Masroor Batin as its managing director and head of NRI based in Singapore, effective July 1, 2014.
  • Property and construction firm Yoma Strategic Holdings is entering the tyre business in Myanmar through a joint venture company with Mitsubishi Corporation.
  • THE Land Transport Authority has awarded two companies – Fonda Global Engineering and Yang Seng Engineering – its tender to replace street lights at about 500 roads island-wide with more energy efficient Light Emitting Diodes (LED) lighting.Fonda Engineering clinched the tender last month with a successful bid of S$8.56 million,

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 46.500 TG 46.800, 47.100, 47.500 SL 46.200

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

8Jul
sgx 08 july 2014

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

MARKET UPDATES :

  • Moody’s Investors Service has assigned a Aa2 foreign currency debt rating to the proposed USD benchmark senior unsecured notes drawdown, issued by DBS Group Holdings Limited’s (DBSH,Aa2 stable) from its US15 billion Global medium-term note (GMTN) program.
  • THE Monetary Authority of Singapore (MAS) has placed EcoHouse Group – an overseas property development firm which specialises in the construction of investor- funded housing for Brazilian families – on its Investor Alert List (IAL).
  • SENTIMENT for Singapore’s office sector remains positive as capital values and rents continued to rise in the second quarter amidst a backdrop of limited supply and higher occupancy rates, said a DTZ report released on Monday.
  • Fitch Ratings has assigned Singapore-based DBS Group Holdings’ (DBSH) proposed US dollar-denominated senior unsecured notes an expected rating of ‘AA-(EXP)’. The notes will be issued under the joint USD15bn global medium term note (GMTN) programme that the entity shares with its fully-owned subsidiary, DBS Bank Ltd.

STOCK RECOMMENDATION :

BUY JARDINE CYCLE ABOVE 45.600 TG 45.900,46.200, 46.600 SL 45.300

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

8Jul

Comex Commodity Trading Signals and Market News – 08 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rebounded in Asia on Tuesday as bargain hunters snapped up the yellow metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,318.70 a troy ounce, up 0.13%, after hitting an overnight session low of $1,312.50 and off a high of $1,321.70.

Silver for September delivery rose 0.11% at $21.038 a troy ounce. Copper futures for September delivery were down 0.18% at $3.253 a pound.

Crude oil prices eased in Asia on Tuesday as the global supply situation looked ample with events in Libya and Iraq off the boil for now. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $103.42 a barrel, down 0.11%, after hitting an overnight session low of $103.21 a barrel and a high of $104.08 a barrel.

Brent oil on the ICE futures exchange fel 0.4%, to $110.24 a barrel on Monday, down for six-straight sessions in the longest losing streak since April 2013.

Natural gas futures fell on Monday on concerns that this week’s supply report will show soft demand for the commodity, while a reprieve from a heat wave also pressured prices lower. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.209 per million British thermal units during U.S. trading, down 3.63%. The commodity hit a session high of $4.355 and a low of $4.201. The August contract settled up 1.12% on Thursday to end at $4.406 per million British thermal units. Markets were closed on Friday for the U.S. Independence Day holiday.

Base metals trading was slow this Tuesday, with the complex mostly in sideways trading on thin volume in the absence of data drivers and cautious on event risks. Copper at $7,117 per tonne is $18 down from Monday’s close. Less than 1,000 contracts have changed hands so far and prices have slid to a low of $7,110 this morning. Aluminium at $1,919 is down $6; stocks declined 10,700 tonnes to 5,038,525 tonnes, the lowest since October 2012, while cancelled warrants fell 9,175 tonnes to 2,965,600 tonnes. Zinc , which had jumped to 33-month highs last week of $2,270.25, held below those levels – it concluded at $2,263 on Monday and is now $5 lower at $2,258 per tonne. Stocks fell 1,000 tonnes to 663,650 tonnes, the lowest since December 2010. Lead lost $8 to $2,185 with no changes in stocks. Nickel declined $70 to $19,251 while Tin at $22,645 is down $30; concerns are up over the upcoming presidential elections in Indonesia as traders are cautious over the possibility of change to the ore export ban, ANZ Banks said in its report.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 109.90. If it breaks the level of 109.46, it can touch the level of 108.96 & 108.26 respectively. If it sustain above the level of 111.27, it can touch the level of 111.77, 112.47 respectively.

  • SELL BRENTCRUDEOIL-NYMEX BELOW 109.46 TGTS 108.96, 108.26 SL 110.01.
  • BUY BRENTCRUDEOIL-NYMEX ABOVE 111.27 TGTS 111.77, 112.47 SL 110.72.

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

7Jul
sgx 07 july 2014

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

MARKET UPDATES :

  • IN its latest Singapore strategy report, Macquarie Research said it still sees opportunities in cyclical sectors that have lagged as well as in the domestic Land Transport sector, which is benefitting from major policy changes. Top picks are Noble, Keppel, UOB, GLP and ComfortDelgro and SMRT, with strong catalysts over the next 6-12 months according to the report entitled “Cures for the summertime blues”.
  • THREE of the 1,560 SingPass accounts that were compromised last month were used to make fraudulent work pass applications, the Ministry of Manpower (MOM) and Infocomm Development Authority of Singapore said on Friday.
  • M1 will supply and install digital television equipment for low-income houses under a programme to give them continued reception of free-to-air TV channels after Singapore switches over to digital broadcasting by 2020. This contract, part of the Digital TV Assistance Scheme for low-income households, was awarded by the Media Development Authority (MDA) following an open tender called from March 20 to April 22.

STOCK RECOMMENDATION :

  • BUY UNITED OVERSEAS BANK ABOVE 23.450 TG 23.750,24,000 SL 23,100

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

7Jul

Comex Commodity Trading Signals and Market News – 07 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures edged higher on Friday, but gains were expected to remain limited as Thursday’s upbeat U.S. employment data continued to lend support to the U.S. dollar. On the Comex division of the New York Mercantile Exchange, gold for August delivery traded at $1,321.80 a troy ounce during European afternoon trade, up 0.09%. The August contract settled 0.77% lower on Thursday to end at $1,320.6 a troy ounce.

Silver for September delivery inched rose 0.24% to trade at $21.188 a troy ounce, while copper for September delivery slid 0.38% to trade at $3.268 a pound.

Crude oil futures were trading near one-month lows on Friday, as concerns over potential supply disruptions in the Middle East began to subside. On the New York Mercantile Exchange, U.S. Crude oil for delivery in August traded at $103.98 a barrel during European morning trade, down 0.08%. Prices dropped 0.40% on Thursday to settle at $104.06.

Natural gas futures rose on Thursday after a weekly U.S. supply report met market expectations. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.368 per million British thermal units during U.S. trading, up 0.24%. The commodity hit a session high of $4.409 and a low of $4.331. The August contract settled down 2.20% on Wednesday to end at $4.357per million British thermal units.

Base metals prices were flat in quiet trading conditions in Friday’s LME premarket, with the market digesting the previous day’s run of data. The copper price at $7,155 per tonne was down $20 on Thursday’s close, with just 3,200 lots having changed hands on Select so far. Stocks and cancelled warrants were both a net 550 tonnes lower at 156,500 tonnes and 27,250 tonnes respectively. The aluminium price at $1,926 was $10 lower although stocks fell 9,100 tonnes to 5,049,225 tonnes. Nickel remains stuck below $20,000 – it was last at $19,685, down $185, and having peaked at $19,889 earlier. Inventories were 402 tonnes lower at 304,536 tonnes. The zinc price was at its strongest in 33 months on Thursday. While it has retreated from these highs, it remains strong at $2,240.25, up $1.25. Stocks were down 950 tonnes at 664,650 tonnes and cancelled warrants were 5,175 tonnes higher at 60,600 tonnes. The Lead price at $2,181 was down $15 while Tin declined $50 to $22,850 – there were no stock movements in either.

• The ICE Futures Exchange, Brent oil for August inched up 0.05% to trade at $111.06 a barrel, with the spread between the Brent and crude contracts standing at $7.08 a barrel.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 103.74. If it breaks the level of 103.55, it can touch the level of 103.05 & 102.35 respectively. If it sustain above the level of 104.60, it can touch the level of 105.10, 105.80 respectively.

  • SELL WTICRUDEOIL-NYMEX BELOW 103.55 TGTS 103.05, 102.35 SL 104.10.
  • BUY WTICRUDEOIL-NYMEX ABOVE 104.60 TGTS 105.10, 105.80 SL 104.55.

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

7Jul
Forex Signals

IForex Market Trading Signals and News of 07 July 2014

TRADING TIPS :

  • Forex – GBP/USD almost unchanged, close to 6-year highs
  • Forex – EUR/USD holds near 1-week lows in subdued trade
  • USD/JPY gains on upbeat U.S. private-sector jobs numbers

GBP/USD
GBP/USD hit 1.7131 during U.S. morning trade, the session low; the pair subsequently consolidated at 1.7150, dipping 0.03%. Cable was likely to find support at 1.7096, the low of July 1 and resistance at 1.7180, the session high and the most since October 2008. Sterling has strengthened broadly since the start of this year.

EUR/USD
EUR/USD hit 1.3585 during U.S. morning trade, the pair’s lowest since June 26; the pair subsequently consolidated at 1.3589, slipping 0.16%.The pair was likely to find support at 1.3576, the low of June 26 and resistance at 1.3641, the high of June 26.The euro came under pressure on Thursday after ECB President Mario Draghi reiterated the bank’s forward guidance that rates will remain on hold at present or lower levels for an extended period.

USD/JPY
In U.S. trading, USD/JPY was up 0.42% and trading at 102.20, up from a session low of 101.77 and off a high of 102.27.The pair was expected to test support at 101.24, Monday’s low, and resistance at 102.34, the high from June 18.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7170- TG: 1.7200/ 1.7230 SL 1.7130
2. Sell GBP/USD Below 1.7120- TG: 1.7090/ 1.7050 SL 1.7150

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

4Jul

Comex Commodity Trading Signals and Market News – 04 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices held steady in Asia on Friday in thin trade ahead of U.S. public holiday. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,320.50 a troy ounce, down 0.01%, after hitting an overnight session low of $1,310.50 and off a high of $1,328.40.

Silver for September delivery rose 0.08% at $21.153 a troy ounce. Copper futures for September delivery were up 0.10% at $3.278 a pound.

Crude oil prices eased marginally in Asia on Friday with U.S. markets shut and possible supply disruption issues from Libya and Iraq on the wane. On the New York Mercantile Exchange, West Texas Intermediate crude oi oil for delivery in August traded at $103.99 a barrel, down 0.07%, after hitting an overnight session low of $103.68 a barrel and a high of $104.31 a barrel, posting six straight sessions of declines.

Brent oil on the ICE futures exchange fell 0.2% to $111.00 a barrel.

Natural gas futures rose on Thursday after a weekly U.S. supply report met market expectations. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.368 per million British thermal units during U.S. trading, up 0.24%. The commodity hit a session high of $4.409 and a low of $4.331. The August contract settled down 2.20% on Wednesday to end at $4.357per million British thermal units.

Base metals stepped back from early highs during Thursday LME premarket trading when the momentum that swept the complex to multi-week and multi-month highs slowed and investors paused ahead of the day’s key economic data-event, the US June jobs report. The copper price hit $7,150, further capitalising on the break above $7,100, before it stepped back to $7,128, a $3 gain from Wednesday’s close. The zinc price hit its highest since August 2011 at $2,270.25 and then dropped back to $2,240, an $8 loss. But the market is up some 3.8 percent over two days. Stocks fell 1,175 tonnes to 665,600 tonnes, the lowest since December 2010. Lead prices reversed direction after inventories jumped 19,900 tonnes to 213,600 tonnes, the highest since January 8, with all the inflow warranted in Antwerp. Prices, which had hit a six-month peak of $2,230 earlier, stumbled back to $2,199, a $7.50 loss now from the Wednesday close. The aluminium price got to $1,936.25 and then traded at $1,924, up just $1 now. Inventories were 8,075 tonnes lower at 5,058,325 tonnes. The nickel price got to within $10 of $20,000 and recently traded at $19,791, up $166 – stocks were down 456 tonnes at 304,938 tonnes. The tin price at $22,800 registered a $225 loss; inventories were up 155 tonnes at 11,715 tonnes, their highest since November 2013.

TRADING STRATEGY :

GOLD-COMEX has closed @ 1319.08. If it breaks the level of 1317, it can touch the level of 1309 & 1297 respectively. If it sustain above the level of 1332, it can touch the level of 1340, 1352 respectively.

  • SELL GOLD-COMEX BELOW 1317 TGTS 1309, 1297 SL 1327.
  • BUY GOLD-COMEX ABOVE 1332 TGTS 1340, 1352 SL 1322.

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

4Jul
forex-trading3

IForex Market Trading Signals and News of 04 July 2014

TRADING TIPS :

  • Forex – Pound hits session lows after U.K. services PMI slows
  • Forex – AUD/USD drops to 1-week lows on RBA remarks, data
  • Forex – NZD/USD edges lower, eyes on U.S. data

GBP/USD
GBP/USD slipped 0.13% to 1.7143 from around 1.7154 ahead of the release of the data. Cable was likely to find support at 1.7125 and resistance at 1.7175, Wednesday’s high and the most since October 2008.The Markit U.K. services purchasing managers’ index slowed to 57.7 in June from 58.6 in May, and below forecasts of 58.3.

AUD/USD
AUD/USD hit 0.9372 during late Asian trade, the pair’s lowest since June 25; the pair subsequently consolidated at 0.9369, retreating 0.79%. The pair was likely to find support at 0.9323, the low of June 18 and resistance at 0.9441, the high of June 27.

NZD/USD
NZD/USD hit 0.8746 during late Asian trade, the pair’s lowest since June 30; the pair subsequently consolidated at 0.8759, edging down 0.15%. The pair was likely to find support at 0.8728, the low of June 30 and resistance at 0.8794.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7150- TG: 1.7180/ 1.7210 SL 1.7120
2. Sell GBP/USD Below 1.7120- TG: 1.7090/ 1.7050 SL 1.7150

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

4Jul
sgx 4 july,14

Financial Sgx Singapore Stock Market Trading Picks And News – 04 July 2014

MARKET UPDATES :

  • MAPLETREE Investments’ first shopping mall in Vietnam has attained pre-leasing commitment for more than half its net lettable area (NLA), way ahead of its scheduled opening in the first half of next year OCBC Investment Research has initiated a buy call on Hotel Properties Ltd (HPL) and Wheelock Properties Ltd given their key assets in the West Orchard area. The research house has pegged the fair value for HPL at S$5.32 a share, a 35 per cent discount to its revalued net asset value (RNAV
  • THE Singapore Exchange (SGX) announced on Thursday that the volume of securities traded on the bourse has declined in June, while trading in derivatives and commodities continued to increase, with record volumes for SGX rubber futures and iron ore offerings
  • KEPPEL Corp’s US$735 million contract with Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the world’s first-of-its-type conversion of an existing Moss LNG carrier into a floating liquefaction vessel, has become effective.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.660 TG 6.740, 6.820, 6.920 SL 6.560

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

3Jul

Comex Commodity Trading Signals and Market News – 03 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia Thursday on profit taking, but reamin supported by expectations of continued low interest rates in the United STates and globally. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,327.10 a troy ounce, down 0.29%, after hitting an overnight session low of $1,322.20 and off a high of $1,332.70.

Silver for September delivery was down 0.53% at $21.190 a troy ounce. Copper futures for September delivery were up 0.04% at $3.259 a pound.

Crude oil prices dipped early in Asia on Thursday with exports from Libya and relative quiet in Iraq keeping sentiment subdued. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $104.16 a barrel, down 0.31%, after hitting an overnight session session low of $104.58 a barrel and a high of $105.52 a barrel.

Brent oil crude on the ICE futures exchange fell or 0.9% to $111.24 a barrel on Wednesday. Both contracts hit their lowest settlement price since June 11.

Natural gas futures fell on Wednesday after investors avoided the commodity ahead of Thursday’s weekly U.S. supply report. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.352 per million British thermal units during U.S. trading, down 2.32%. The commodity hit a session high of $4.459 and a low of $4.348. The August contract settled down 0.13% on Tuesday to end at $4.455per million British thermal units.

Base metals prices were off session lows on Wednesday, but ultimately were little changed from the previous day’s closing levels. The copper price at $7,021 per tonne was $1 higher, having dropped to a session low of $6,966 in early Asian sessions. The aluminium price at $1,881 was down $3, although stocks declined 5,250 tonnes to 5,066,400 tonnes. Cancelled warrants were also lower, down 5,050 tonnes to 2,990,950 tonnes. The nickel price was $1 higher at $19,126 although stocks increased 138 tonnes to 305,394 tonnes. Lead was $2 lower at $2,158 with no changes to stocks. Sister metal zinc at $2,187 was up a marginal $1 and stocks fell 1,175 tonnes to 666,775 tonnes. The tin price at $22,720 was $80 lower and inventories rose 75 tonnes to 11,560 tonnes.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.2570. If it sustain above the level of 3.2620, it can touch the level of 3.2720 & 3.2870 respectively. If it breaks the level of 3.2188, it can touch the level of 3.2088, 3.1938 respectively.

  • BUY COPPER-COMEX ABOVE 3.2620 TGTS 3.2720, 3.2870 SL 3.2510.
  • SELL COPPER-COMEX BELOW 3.2188 TGTS 3.2088, 3.1938 SL 3.2298.

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.