23May

IForex Market Trading Signals and News of 23 May 2014

TRADING TIPS

EUR/USD

EUR/USD was at 1.3670, 0.11% lower for the day, after falling as low as 1.3654 earlier, not far from the two-and- a-half month trough of 1.3633 reached on Wednesday The pair was likely to find support at 1.3654 and resistance at 1.3710.The euro backed off session lows after data released on Thursday showed that manufacturing activity in the region expanded at the slowest rate in six months in May, but the region’s service sector expanded at the fastest rate in almost three years.The euro zone flash manufacturing purchasing managers’ index slid to 52.5 this month, from 53.4 in April, Survey compiler Markit said, compared to expectations of 53.2.The bloc’s services PMI rose to a 35-s

USD/CAD

USD/CAD touched session highs of 1.0930 and was last at 1.0909, just 0.06% higher for the day.The pair was likely to find support at 1.0890 and resistance at 1.0940, Wednesday’s high.The pair had a muted reaction after the Labor Department reported that the number of people filing for initial jobless benefits last week increased by 28,000 to 326,000 from the previous week’s revised total of 298,000.Analysts had expected jobless claims to rise by 12,000 to 310,000.The report came after Wednesday’s minutes of the Federal Reserve’s April meeting indicated that the bank continues to see a slow improvement in the economy, but reiterated that rates are likely to remain on hold at record lows for some time after its asset purchase program ends.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6925- TG: 1.6945/ 1.6975 SL 1.6890

2. Sell GBP/USD Below 1.6850- TG: 1.6830/ 1.6800 SL 1.6880

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

23May
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Financial Sgx Singapore Stock Market Trading Picks And News – 23 May 2014

MARKET UPDATES

  • DETERIORATING health is the top retirement  concern for Singapore investors, followed by  healthcare affordability, according to a latest survey  by Manulife. Close to three quarters of respondents  indicated their health would likely deteriorate after  they retire, while 55 per cent of them said  healthcare would become unaffordable.
  • OFFICIAL retirement ages across Asia, which range  between 55 and 65 years of age, are out-of-date  and need to be raised, say the majority of Asian  investors, according to Manulife’s new research  released on Thursday.
  • MANHATTAN Resources on Thursday announced  that it has entered into a conditional agreement to  acquire Singxin Resources for S$1 billion through an  issue of up to 1.37 billion new shares at S$0.73 a  piece.Manhattan Resources last traded at S$0.775  on Tuesday. The new shares will be paid to the  vendors: Kaiyi Investment, Mining Alliances, Low  Tuck Kwong and Asiaworld Capital.

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.250 TG  3.300, 3.350, 3.420 SL 3.180

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

22May

Comex Commodity Trading Signals and Market News – 22nd May 2014

INTERNATIONAL COMMODITY NEWS

  • Gold prices held stronger in Asia on Thursday in a rebound from overnight trade as China’s manufacturing sector showed a surpising burst of upward momentum. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,292.60 a troy ounce, up 0.35%, after hitting an overnight session low of $1,286.40 and off a high of $1,296.40.
  • Silver comex for July delivery was up 0.49% at $19.432 a troy ounce. Copper futures for July delivery were up 0.47% at $3.141 a pound.
  • Crude oil prices recovered in Asia Thursday after stronger manufacturing in key importer China in May. China’s HSBC May flash manufacturing PMI rose to 49.7, well above expectations of matching the April reading of 48.1. On the New York Mercantile Exchange,
  • West Texas Intermediate crude oil for delivery in July traded at $104.06 a barrel, bearly flat, after hitting an overnight session low of $102.58 a barrel and a high of $104.27 a barrel.
  • Brent crude futures on the ICE Futures Europe exchange rose 86 cents to $110.55 a barrel on Wednesday.
  • Natural gas prices fell on Wednesday after investors sold the commodity for profits and jumped to the sidelines to await the release of Thursday’s weekly U.S. inventory report. On the New York Mercantile Exchange, Natural gas futures for delivery in June traded at $4.489 per million British thermal units during U.S. trading, down 1.38%. The commodity hit session high of $4.575 and a low of $4.487. The June contract settled up 1.83% on Tuesday to end at $4.552 per million British thermal units.
  • Base metals traded mixed on Thursday Asian trade after the release of the FOMC meetings last night. The release of the Chinese PMI this morning came in a huge positive, driving copper higher. The optimistic data was much needed especially since a downgrade to the property sector in the country warns of more downside risk ahead. In the metals, copper is bid at $6,876, $45 up from Wednesday’s kerb close at $6,831 per tonne. In the forward spreads, the backwardation in cash/threes, which at the start of the month was around $70, has eased to $54 currently. Aluminium is $6 higher at $1,773 as stocks fell a net 9,775 tonnes to 5,232,175 tonnes, a one-month low. Cancelled warrants were down 11,625 tonnes at 2,854,425 tonnes. Nickel which finished at $19,500 yesterday, traded up $300 this morning to last at $19,800 although stocks increased 882 tonnes to 280,020 tonnes and cancelled warrants slipped 2,778 tonnes to 119,352 tonnes. Tin closed under $23,000 at $22,975 and this morning fell further to $22,950 per tonne – there was no change in stocks. Lead increased $7 to $2,130 after a 200-tonne reduction in stocks to 192,375 tonnes and zinc was $7 higher at $2,074 – stocks and cancelled warrants both fell 3,800 tonnes to 739,650 tonnes and 112,650 tonnes respectively.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 103.84. If it sustain above the level of 104.34, it can touch the level of 104.84 & 105.45 respectively. If it breaks the level of 103.03, it can touch the level of 102.53, 101.73 respectively.
  • BUY WTICRUDEOIL-NYMEX ABOVE 104.34 TGTS 104.84, 105.45 SL 103.74.
  • SELL WTICRUDEOIL-NYMEX BELOW 103.03 TGTS 102.53, 101.73 SL 103.63.

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

22May

IForex Market Trading Signals and News of 22 May 2014

TRADING TIPS

GBP/USD

GBP/USD hit 1.6921, the highest since May 9 and was last up 0.42% to 1.6908.Cable was likely to find support at 1.6801, Tuesday’s low and resistance at 1.6973, the high of May 8 and an almost five year peak.U.K. retail sales jumped 1.3% in April, the Office of National Statistics said, more than double forecasts for a 0.5% increase, driven by higher food sales over the Easter holiday.On a year-over-year basis, retail sales climbed 6.9% in April, ahead of expectations for a 5.2% gain after rising by 4.8% in March.At the same time, the minutes of the BoE’s May meeting showed that the Monetary Policy Committee voted unanimously to leave interest rates on hold at record lows

USD/JPY

USD/JPY was down 0.25% to 101.07, after falling to lows of 100.83 earlier, the weakest level since February 5.The yen strengthened broadly after the BoJ said its stimulus program has been working as intended, and refrained from implementing additional easing measures at the conclusion of its two-day policy meeting on Wednesday.The central bank said the economy is showing signs of weathering the impact of a sales tax increase that came into effect on April 1 and pledged to continue to expand the monetary base at a pace of ¥60 trillion to ¥70 trillion per year.Investors were turning their attention to of the minutes from the Fed’s latest monetary policy meeting due out later Wednesday, for insight on the central bank’s view of the economy.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6925- TG: 1.6945/ 1.6975 SL 1.6890

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.

22May
Epic Research Singapore

Financial Sgx Singapore Stock Market Trading Picks And News – 22 May 2014

MARKET UPDATES

  • THE three large Asean economies of Indonesia, the  Philippines and Thailand, which are striving to shift  from significant commodity dependence to high  value-added exports, could do worse than to look at  Singapore and Malaysia’s experience, said ICAEW’s  latest Economic Insight report. For instance, in  2012, 33 per cent of Indonesian exports consisted  of fuels and related materials, and 12 per cent  consisted of animal and vegetable oils, fats and  waxes.
  • THE Singapore Institute of Manufacturing  Technology (SIMTech), a research institute of the Agency for Science, Technology and Research  (A*STAR), and the National University of Singapore  (NUS) Faculty of Engineering will be launching two  joint labs to boost R&D in manufacturing. The  research will focus on two areas, namely natural  fibre composites and large format machining, to  “move the local precision engineering industry into  high value-added manufacturing”,The SIMTech-NUS  joint labs aim to build capabilities and develop  technologies to help the complex equipment

STOCK RECOMMENDATION

  • BUY CAPITALAND LTD ABOVE 3.150 TG 3.200, 3.250, 3.320 SL 3.080

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

21May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 21st May 2014

MARKET UPDATES

  • Singapore’s Goodpack Ltd confirmed on Tuesday it is in discussions with KKR & Co about a possible buyout by the US private equity firm, the company said in a statement.The announcement follows reports on Monday that KKR was nearing the deal. If successful, the purchase of Goodpack would be KKR’s first purchase of a listed company from its latest Asia fund.
  • IE Singapore and the Nanjing Health Bureau plan to facilitate exchanges between Singapore and Nanjing’s public and private sectors to encourage collaboration in the healthcare sector. Both parties will identify and support a commercially-driven, demonstrative healthcare platform project spanning different sectors such as master-planning, smart healthcare solutions and healthcare and wellness services.
  • SHARES of Valuetronics extended gains on Tuesday. Phillip Capital on Tuesday initiated coverage on the integrated electronics manufacturing service provider, with a “buy” rating and a target price of 43 Singapore cents, representing a potential 28 per cent upside.

STOCK RECOMMENDATION:

  • BUY SMRT CORPORATION ABOVE 1.480  TG 1.520, 1.560, 1.620 SL 1.420

 

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

21May

IForex Market Trading Signals and News of 21st May 2014

TRADING TIPS

EUR/GBP
EUR/GBP was last at 0.8138, down 0.17% for the day after falling as low as 0.8120 earlier, the weakest level since early January 2013.The pair was likely to find support at 0.8120 and resistance at 0.8175.The annual rate of consumer inflation in the U.K. rose to 1.8%, up from 1.6% in March and ahead of expectations for 1.7%, the Office for National Statistics said.That means prices are rising faster than wage growth after data last week showed that average earnings rose by 1.7% in the three months to February, and by only 1.4% excluding bonuses.The rise in inflation was due in part to higher transport costs, the ONS said, as airlines pushed up ticket prices in time for the Easter holidays.On a month over month basis, consumer prices increased by 0.4% in April, compared to estimates for a 0.3% rise.

USD/JPY
USD/JPY was last down 0.12% to 101.36, not far from Monday’s low of 101.09, the weakest level since February 5.Investors remained cautious ahead of the minutes from the Federal Reserve’s latest monetary policy meeting on Wednesday, as they awaited insight on the central bank’s view of the economy.Recent U.S. economic reports indicating that the recovery remains uneven have weighed on U.S. Treasury yields, pressuring the dollar lower.Demand for the yen continued to be supported by expectations that the Bank of Japan will refrain from further stimulus measures in the near term.The BoJ was widely expected to keep monetary policy unchanged at the conclusion of its two-day meeting on Wednesday, after recent comments by Governor Haruhiko Kuroda indicated that the bank’s assessment of the economy remains upbeat.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6840- TG: 1.6860/ 1.6890 SL 1.6810
2. Sell GBP/USD Below 1.6795- TG: 1.6775/ 1.6745 SL 1.6825

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

 

 

20May
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 20th May 2014

MARKET UPDATES

  • CAPITAL markets doyen Eric Ang, will hand over the reins to his deputy Eng-Kwok Seat Moey come June 1, DBS Bank said Monday. Mr Ang, a career DBS banker of over 35 years and trailblazer of Singapore capital markets
  • Singapore on Monday opened an aquatic centre at its new S$1.3 billion (US$1.0 billion) sports hub and officials said the entire complex would be ready by late June despite teething problems. Lawrence Wong, Minister for Culture, Community and Youth, aid the sprawling complex will be opened in stages, with test events held in the coming weeks to help resolve operational problems.
  • SINGAPORE’S domestic wholesale trade fell 2.8 percent in the first quarter of 2014 compared to a year ago, data released by the Department of Statistics Singapore on Monday showed. The decrease was largely due to the petroleum and petroleum products as well as telecommunications and computers sectors, which registered declines of 7.6 per cent and 13.4 per cent in domestic sales.

STOCK RECOMMENDATION:

  • BUY COMFORTDELGRO LTD ABOVE 2.310 TG 2.350, 2.400, 2.460 SL 2.250

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

19May

Comex Commodity Trading Signals and Market News – 19th May 2014

INTERNATIONAL COMMODITY NEWS

• Better-than-expected data out of the U.S. housing sector sent gold prices falling on Friday as investors bet the Federal Reserve will continue to taper stimulus programs that have supported the yellow metal for years. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at 1,292.30 a troy ounce during U.S. trading, down 0.10%, up from a session low of $1,287.90 and off a high of $1,298.40.The June contract settled down 0.94% at $1,293.60 on Thursday.

Silver comex for July delivery was down 0.83% at $19.322 a troy ounce, while copper futures for July delivery were up 0.01% at $3.145 a pound.

Crude futures rose on Friday after U.S. housing data beat expectations, while concerns a deal to reopen Libyan oilfields will collapse also bolstered prices. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $102.07 a barrel during U.S. trading, up 0.56%. New York-traded oil futures hit a session low of $101.40 a barrel and a high of $102.23 a barrel. The June contract settled up 0.85% at $101.50 a barrel on Thursday.

• The ICE Futures Exchange in London, Brent oil futures for July delivery were up 0.55% and trading at US$109.69 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.62 a barrel.

Natural gas prices fell on Friday after updated weather-forecasting models called for mild temperatures across much of the U.S., which should curb demand for both heating and air conditioning. On the New York Mercantile Exchange,natural gas futures for delivery in June traded at $4.443 per million British thermal units during U.S. trading, down 0.59%. The commodity hit session high of $4.458 and a low of $4.418. The June contract settled up 2.34% on Thursday to end at $4.469 per million British thermal units.

Base metals were modestly firmer in early LME trading on Friday, with volumes relatively slight after an uptick in the Ukrainian tensions dampened potential risk appetite. The metals the copper price remains near the mid-week three-month highs of $6,940 – it was last at $6,884 per tonne, up $4 – though it would appear the test of $7,000 will be delayed for now. The nickel price, which fell some 10 percent at one stage on Thursday to two-week lows near $18,000, managed to climb above $19,000 once again. It was last at $19,113, up $363. Stocks increased 480 tonnes to 279,816 tonnes. In others, the aluminium price traded at $1,776.50, a 50-cent advance. Inventories fell by 9,500 tonnes to 5,264,450 tonnes. Tin eased $50 to $23,300 even as stocks declined 55 tonnes to 9,665. Zinc business at $2,061.75 was up $2.75, while the lead price at $2,122.50 was $8.50 lower.These metals saw stocks respectively decline 2,325 tonnes to 751,650 tonnes and 275 tonnes to 190,950 tonnes.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 109.69. If it sustain above the level of 109.84, it can touch the level of 110.34 & 111.04 respectively. If it breaks the level of 108.60, it can touch the level of 108.10, 107.40 respectively.

•BUY BRENTCRUDEOIL-NYMEX ABOVE 109.84 TGTS 110.34, 111.04 SL 109.24.
•SELL BRENTCRUDEOIL-NYMEX BELOW 108.60 TGTS 108.10, 107.40 SL 109.20.

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

19May
Forex Signals

IForex Market Trading Signals and News of 19th May 2014

TRADING TIPS

USD/CAD
GBP/USD hit 1.6841 during U.S. morning trade, the pair’s highest since May 14; the pair subsequently consolidated at 1.6832, rising 0.24%.Cable was likely to find support at 1.6733, Thursday’s low and resistance at 1.6902, the high of May 12.In a preliminary report, the University of Michigan said its consumer sentiment index fell to 81.8 in May, from a reading of 84.1 the previous month,compared to expectations for a rise to 84.5.Earlier Friday, official data showed that U.S. building permits rose 8% to 1.080 million units last month, from an upwardly revised 1.000 million in March. Analysts had expected building permits to rise to 1.010 million units in April.The report also showed that building starts rose to 1.072 million units in April, from 0.947 million in March, whose figure was revised up from a previously estimated 0.946 million. Analysts had expected building starts to rise to 0.980 million units last month.Meanwhile, the pound remained under pressure.

EUR/USD
EUR/USD down 0.01% to 1.3710.In a preliminary report, the University of Michigan said its consumer sentiment index fell to 81.8 in May, from a reading of 84.1 the previous month, compared to expectations for a rise to 84.5.Earlier Friday, official data showed that U.S. building permits rose 8% to 1.080 million units last month, from an upwardly revised 1.000 million in March. Analysts had expected building permits to rise to 1.010 million units in April.The report also showed that building starts rose to 1.072 million units in April, from 0.947 million in March, whose figure was revised up from a previously estimated 0.946 million. Analysts had expected building starts to rise to 0.980 million units last month.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6840- TG: 1.6860/ 1.6890 SL 1.6810
2. Sell GBP/USD Below 1.6795- TG: 1.6775/ 1.6745 SL 1.6825

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

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