8Aug
sgx 8 aug 14

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

MARKET UPDATES :

  • SINGAPORE] Commodity trader Noble Group Ltd said on Thursday its second-quarter net profit rose 5 per cent from a year earlier to US$65.8 million, pushing its first-half net profit to more than double on the year.Hong Kong-based Noble Group is one of the world’s largest commodity traders.
  • [SYDNEY] Singapore-listed Frasers Centrepoint Ltd will buy Australia’s Australand Property Group for A$2.6 billion (US$2.41 billion) after securing shareholder approval late on Thursday. In a statement to the Australian Securities Exchange, Frasers said Australand investors with 56.8 per cent of its shares supported the offer,
  • SHARES of OCBC Bank continued to rise in Thursday morning trading, crossing S$10 a share even as peers DBS Group and UOB continued their slide on profit-taking. At 10:54 am, OBC shares were up 6 cents to hit a 52- week high of S$10.16 each.DBS shares slid 21 cents to S$18.16 each, while UOB shares shed 3 cents to S$22.57.
  • SINGAPORE eDevelopment (formerly CCM) sank deeper into the red, reporting a net loss of S$5.7 million for the six months ended June 30 compared to a net loss of S$68,00

STOCK RECOMMENDATION :

  • BUY UNITED OVERSEAS BANK ABOVE 22.700 TG 22.800. 22.920. 23.100 SL 22.580

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

7Aug

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

INTERNATIONAL COMMODITY NEWS :

Gold prices shot up on Wednesday and hovered near session highs on news Russian troops are amassing on the Ukraine border, which fueled safe-haven demand for the precious metal. On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,309.10 a troy ounce during U.S. trading, up 1.85%, up from a session low of $1,288.40 and off a high of $1,310.60.The December contract settled down 0.28% at $1,285.30 on Tuesday.

Crude prices fell on Wednesday despite an upbeat weekly U.S. inventory report, as investors traded on concerns that the global economy is awash in crude. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.49% at $96.91 a barrel during U.S. trading. New York-traded oil futures hit a session low of $96.75 a barrel and a high of $98.12 a barrel.The September contract settled down 0.93% at $97.38 a barrel on Tuesday.

Copper futures fell to a more than two-week low on Wednesday, as renewed concerns over the health of China’s economy dampened appetite for growth-linked assets. On the Comex division of the New York Mercantile Exchange, copper for September delivery fell to a daily low of $3.182 a pound, the weakest since July 21, before trimming losses to last trade at $3.188 during European morning hours, down 0.5%, or 1.6 percents.

• West Texas Intermediate oil futures extended gains to hit the highest levels of the session on Wednesday, after data showed that oil supplies in the U.S. fell more than expected last week. On the New York Mercantile Exchange, crude oil for delivery in September advanced 0.69%, or 67 cents, to trade at $98.05 a barrel during U.S. morning hours. Prices were at $97.87 a barrel prior to the release of the supply data.U.S. oil futures fell to $97.00 a barrel on Tuesday, the lowest since February 5, before settling at $97.38, down 0.93%, or 91 percents.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1310 TG 1316 ,1326 SL 1300
  • SELL GOLD COMEX BELOW 1296 TG 1290,1280 SL 1306

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

7Aug
forex-trading3

IForex Market Trading Signals and News of 07th August 2014

TRADING TIPS :

Forex -Euro falls to fresh 9-month lows against dollar
Forex -Dollar index still near 10-1/2 month highs on U.S. data, Ukraine
Forex -Bitcoin wavers in directionless trade as sentiment remains shaky

NZD/USD
NZD/USD hit 0.8424 during late Asian trade, the pair’s lowest since June 4; the pair subsequently consolidated at 0.8439, declining 0.34%.The pair was likely to find support at 0.8402, the low of June 4 and resistance at 0.8492, the high of June 2.Official data earlier showed that the number of employed people in New Zealand rose 0.4% in the second quarter, confounding expectations for an increase of 0.7%, after a 0.9% rise in the three months to April.The report also showed that New Zealand’s unemployment rate ticked down to 5.6% in the last quarter, from 6.0% in the first quarter, compared to expectations for a decline to 5.8%.

GBP/USD
GBP/USD hit 1.6830 during European morning trade, the pair’s lowest since Monday; the pair subsequently consolidated at 1.6836, shedding 0.30%.Cable was likely to find support at 1.6739, the low of June 11 and resistance at 1.6927, the high of July 31.In a report, the Office for National Statistics said industrial production rose 0.3% in June, undershooting forecasts for a 0.6% gain, after falling 0.6% in May.Industrial output rose 1.2% year- over-year, compared to expectations for an increase of 1.5%.Manufacturing production was up 0.3% in June, after falling 1.3% in May. Economists had forecast an increase of 0.6%.Manufacturing output was 1.9% higher on a year-over-year basis, falling short of forecasts for a 2.1% rise.Sterling was lower against the euro, with EUR/GBP rising 0.23% to 0.7940.

RECOMMENDATION :

1. Buy NZD/USD Above 0.8483 TG: 0.8498/ 0.8518 SL 0.8463
2. Sell NZD/USD Below 0.8390 TG: 0.8375/0.8355 SL 0.8410

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

7Aug
sgx 7 aug 2014

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

MARKET UPDATES :

  • STRUCTURAL steel contractor Yongnam Holdings on Wednesday posted net loss of S$5.26 million for the fiscal second quarter ended June 30. A year ago, it had reported profit of S$8.63 million. Turnover plunged 46.5 per cent year on year to S$61.61 million, as no new contracts were secured in the reporting quarter. Consequently, loss per share was 0.42 cents. A year ago, the group posted earnings per share of 0.68 cents.
  • [SINGAPORE] Supercar dealers in wealthy Singapore are fretting over their future as higher taxes, new auto loan restrictions and a shift in tastes towards less ostentatious vehicles send sales plummeting. While the roar of high- octane engines is a familiar sound in central Singapore, home to the third-highest ratio of millionaires per capita in the world, supercar showrooms are largely silent.
  • COE or certificate of entitlement premiums rose across the board as dealers rushed to secure them following strong orders for new models and the realisation that the new quota was not as generous as first thought. Category A, for cars below 1,600cc and 130 hp, went up S$1,710 to S$64,600, while Cat B – for cars above 1,600cc or 130 hp – jumped S$3,688 to S$68,689.

STOCK RECOMMENDATION :

  • BUY SIA ENGINEERING ABOVE 4.600 TG 4.660, 4.740, 4.820 SL 4.520

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

6Aug

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

INTERNATIONAL COMMODITY NEWS :

• Gold futures edged higher on Tuesday, but remained below the key $1,300-level, as prospects of an interest rate hike in the U.S. held gains in check. On the Comex division of the New York Mercantile Exchange, gold for December delivery tacked on 0.29%, or $3.80, to trade at $1,292.70 a troy ounce during European morning hours. Prices held in a narrow range between $1,288.30 and $1,293.50. Gold ended Monday’s session down 0.46%, or $5.90, to settle at $1,288.90 an ounce. Futures were likely to find support at $1,281.00, the low from August 1 and resistance at $1,314.60, the high from July 29.

• Copper futures declined on Tuesday, after data showed that China’s services sector grew at its slowest pace in nearly nine years in July. On the Comex division of the New York Mercantile Exchange, copper for September delivery dipped 0.16%, or 0.5 cents, to trade at $3.239 a pound during European morning hours. Prices held in a narrow range between $3.236 and $3.249 a pound. Copper ended Monday’s session up 0.92%, or 2.9 cents, to settle at $3.244.Futures were likely to find support at $3.199, the low from August 4 and resistance at $3.262, the high from July 30.

• Gold prices fell on Monday after investors ditched safe-haven positions in the yellow metal and went long on U.S. stocks due to earnings and jobs data. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,288.60 a troy ounce during U.S. trading, down 0.48%, up from a session low of $1,287.10 and off a high of $1,296.40. The December contract settled up 0.94% at $1,294.80 on Friday.Futures were likely to find support at $1,281.00 a troy ounce, Friday’s low, and resistance at $1,314.60, last Tuesday’s high.U.S. stocks rose on Monday after legendary investor Warren Buffett’s company Berkshire Hathaway beat expectations, which cut into the need for safe-haven gold positions.

• n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 1.12% at $97.19 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.04 a barrel and a high of $98.67 a barrel. The September contract settled up 0.42% at $98.29 a barrel on Friday.Nymex oil futures were likely to find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, the high from July 28.Despite data suggesting the U.S. economy is improving, growing concerns that the global economy is not gaining enough steam to make a dent in ample crude supplies sent the commodity tumbling on Tuesday, offsetting otherwise bullish pressures in the U.S. and in Eastern Europe.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1298 TG 1304,1314 SL 1288
  • SELL GOLD COMEX BELOW 1279 TG 1273,1263 SL 1289

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

6Aug
Forex trading

IForex Market Trading Signals and News of 06th August 2014

TRADING TIPS :

  • Forex -Euro broadly lower after PMI data
  • Forex -Euro steady against dollar, ECB ahead
  • Forex -Bitcoin prices remain below $600 amid bearish chart signals

NZD/USD
NZD/USD hit 0.8511 during late Asian trade, the session high; the pair subsequently consolidated at 0.8524, inching up 0.01%.The pair was likely to find support at 0.8462, the low of August 1 and resistance at 0.8557, the high of July 29.The greenback remained supported below recent highs after the latest U.S. employment report on Friday showing that jobs growth slowed slightly in July prompted investors to curtail expectations on the timing of a possible rate hike by the Federal Reserve.The kiwi was little changed against the Australian dollar, with AUD/NZD easing up 0.02% to 1.0953.

GBP/USD
GBP/USD rose 0.15% to 1.6886 from around 1.6849 ahead of the release of the data.Cable was likely to find support at 1.6814, the low of August 1 and a one-and-a-half month low and support at 1.6955, the high of July 30. Market research group Markit said the Markit/CIPS Services Purchasing Managers Index jumped to an eight-month high of 59.1 last month from a reading of 57.7 in June. Economists had expected the index to tick up to 57.9. The report came after data on Monday showed that the expansion in the U.K. construction sector slowed a touch in July, but was still faster-than-expected.Expectations for a rate hike by the Bank of England before the end of this year were boosted after the bank recently signalled that rates could rise sooner than markets expect if the recovery continues.

RECOMMENDATION :

1. Buy NZD/USD Above 0.8530 TG: 0.8545/ 0.8565 SL 0.8510
2. Sell NZD/USD Below 0.8498 TG: 0.8483/0.8478 SL 0.8518

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

6Aug
sgx 6 aug 2014

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

MARKET UPDATES :

  • Singapore’s parliament has passed a bill proposing to fine companies that pollute the country’s air, regardless of whether the companies operate on the island. The bill was drafted after Singapore suffered the worst haze on record last year as smoke from forest clearing in neighbouring Indonesia shrouded the city
  • Temasek named John Cryan as the advisory senior director to strengthen its network and relationships in Europe. Mr Cryan, who was the president of Temaesk Europe, stepped down from his current responsibilities from Aug 1.
  • SINGAPORE Post Limited on Tuesday said its net profit for the fiscal first quarter ended June 30, 2014 rose 5.1 per cent to S$39.24 million.Revenue increased 4.8 per cent to S$210.91 million, as growth in e-commerce related activities continued to offset declines in the traditional postal business.Earnings per share were 1.863 cents, up from 1.775 cents. An interim dividend of 1.25 cents per ordinary share payable on Aug 29, has been declared
  • STARHUB has posted a 6.3 per cent decrease in net profit to S$94.3 million for the second quarter ended June 30. Operating revenue for the same period stood at S$576.4 million, slipping 1.8 per cent from the same period a year ago.

STOCK RECOMMENDATION :

  • BUY OCBC ABOVE 9.980 TG 10.080, 10.180, 10.300 SL 9.860

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

5Aug
Forex Signals

IForex Market Trading Signals and News of 05th August 2014

TRADING TIPS :

  • Forex -Pound steady near 1-1/2 month lows against dollar
  • Forex -Dollar steady against euro, yen
  • Forex -USD/CHF almost unchanged after positive Swiss PMI

NZD/USD
NZD/USD hit 0.8503 during late Asian trade, the session low; the pair subsequently consolidated at 0.8506, sipping 0.09%.The pair was likely to find support at 0.8462, the low of August 1 and resistance at 0.8557, the high of July 29.On Friday, official data showed that the U.S. economy added 209,000 jobs in July, below forecasts for jobs growth of 233,000. The previous month’s figure was revised up to a gain of 298,000 from a previously reported increase of 288,000.A separate report showed that job advertisements in Australia rose 0.3% in July, after a 4.4% increase in May, whose figure was revised up from a previously estimated 4.3% gain.

GBP/USD
GBP/USD was flat at 1.6821, not far from Friday’s lows of 1.6808, the weakest since June 12.Cable is likely to find support at the 1.68 level and resistance at 1.6890, Friday’s high.The U.K. construction purchasing managers’ index slowed to 62.4 from 62.6 in June, but was still slightly ahead of expectations for a reading of 62.0.The overall pace of growth was the fastest since 2007, with housing activity still by far the best performing construction category. Last month’s increase in output was the sharpest for over a decade. Although it was the sixth successive month that the U.S. economy added more than 200,000 jobs,the unemployment rate unexpectedly ticked up to 6.2% from 6.1% in June. In addition, wage growth was flat, pointing to underlying slack in the economy.

RECOMMENDATION :

1. Buy NZD/USD Above 0.8530 TG: 0.8545/ 0.8565 SL 0.8510
2. Sell NZD/USD Below 0.8575 TG: 0.8560/0.840 SL 0.8595

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

5Aug

Comex Commodity Trading Signals and Market News – 05th August 2014

INTERNATIONAL COMMODITY NEWS :

• Gold futures edged up on Friday, but still remained within close distance of six-week lows as Thursday’s data showing that U.S. unemployment benefits remained near a post-recession bottom last week continued to weigh. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,285.40 a troy ounce during European morning trade, adding 0.20%.The December contract settled 1.09% lower on Thursday to end at $1,282.8 a troy ounce. Gold futures were likely to find support at $1,276.20 an ounce, the low from June 19 and resistance at $1,298.80, Thursday’s high. On Thursday, the U.S. Department of Labor said that the number of individuals filing for initial jobless benefits increased by 23,000 last week to 302,000 from the previous week’s total of 279,000, which was the lowest in 14 years.

Crude oil futures dropped to five-month lows on Friday, as Thursday’s downbeat manufacturing data from Chicago coupled with tepid manufacturing reports from China weighed on the commodity, while markets eyed upcoming U.S. data On the New York Mercantile Exchange, U.S. crude oil for delivery in September traded at $97.36 a barrel during European afternoon trade, down 0.83%.Prices tumbled 1.02% on Thursday to settle at $102.07. futures were likely to find support at $96.26 a barrel and resistance at $99.85, Thursday’s high.Oil prices came under pressure after Market research group Kings bury International on Thursday said that its Chicago purchasing managers’ index fell by 10.0 points to 52.6 in July from a reading of 62.6 in June. Analysts had expected the index to decline to 63.0 in July.

Oil prices dropped on Friday after Chinese manufacturing and U.S. employment gauges missed expectations and fueled concerns over the strength of global economic recovery. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.69% at $97.49 a barrel during U.S. trading. New York-traded oil futures hit a session low of $97.10 a barrel and a high of $98.09 a barrel.The September contract settled down 2.09% at $98.17 a barrel on Thursday. Nymex oil futures were likely to find support at $96.26 a barrel, the low from Feb. 3, and resistance at $102.10 a barrel, Monday’s high.

Natural gas futures fell on Friday after investors locked in gains stemming from Thursday’s bullish supply report and sold the commodity for profits. .On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.802 per million British thermal units during U.S. trading, down 1.03%. The commodity hit a session low of $3.782, and a high of $3.875. The September contract settled up 1.45% on Thursday to end at $3.841 per million British thermal units. Natural gas futures were likely to find support at $3.725 per million British thermal units, Monday’s low, and resistance at $3.890, Thursday’s high.The U.S. Energy Information.

TRADING STRATEGY :

  • BUY GOLD COMEX ABOVE 1298 TG 1304,1314 SL 1288
  • SELL GOLD COMEX BELOW 1279 TG 1273,1263 SL 1289

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

5Aug
sgx 5 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –05th August 2014

MARKET UPDATES :

  • Drilling rig builder Sembcorp Marine Ltd said on Monday its second-quarter net profit rose 5.4 per cent from a year earlier to S$131.6 million (US$105.57 million), helped by stronger performance from its rig building and fixed platform businesses. Sembcorp Marine, in which Singapore’s state investor Temasek Holdings holds more than 60 per cent, said its revenue for the quarter ended June 30 rose 19 per cent to S$1.34 billion.
  • CLAIRE Chiang, senior vice-president of Banyan Tree Holdings, has been appointed the new chairperson of The National Book Development Council of Singapore (NBDCS). She is the first corporate head to helm the council since its establishment in 1969 to promote reading, publishing and library development in Singapore.
  • SHARES of Advance SCT were hit on Monday morning on selling ahead of a huge placement of 1.7 billion new shares which will be listed on Wednesday. Advance SCT was trading at 0.2 cents, down 0.1 cent, or 33 per cent, The group has engaged Lim & Tan Securities to procure the subscription of these new shares, which are being issued at a discount at 0.19 Singapore cents per share.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.610 TG 2.660, 2.710, 2.770 SL 2.550

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.