27Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 27 June 2014

MARKET UPDATES :

  • DBS Group Research said on Thursday that although it likes Singapore banks’ resiliency with strong asset quality and superior capital, catalysts are limited versus ASEAN peers apart from being a safe haven
  • SINGTEL could dish out potential special dividends of 5.5 cents a share if it divests its 26.1 per cent stake in SingPost, a non-core investment which has been targeted by China’s e-commerce giant Alibaba. Jack Ma’s Alibaba is investing S$312.5 million for a 10 per cent interest in SingPost to bolster its logistics business.
  • [SINGAPORE] Shares in semiconductor firm STATS ChipPAC Ltd jumped as much as 16.7 per cent on Thursday in strong volume on renewed talk on the sale of the company.
  • CORPORATE deals in Singapore outpaced those in Malaysia and Indonesia, making it a stand out performer in the region with 143 deals worth some US$18.7 billion recorded over the first half of the year.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.500 TG 2.540, 2.580, 2.640 SL 2.440

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

26Jun

Comex Commodity Trading Signals and Market News – 26 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell in Asia on Thursday in profit taking as investors still expect the U.S. Federal Reserve to unwind its asset purchase program on schedule. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,320.00 a troy ounce, down 0.20%, after hitting an overnight session low of $1,311.40 and off a high of $1,325.60.

Silver for September delivery was down 0.37% at $21.093 a troy ounce Copper futures for September delivery were up 0.04% at $3.167 a pound.

Crude oil prices gained in Asia Thursday as continued civil strife in Iraq keeps concerns of supply disruptions front and center. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $106.72 a barrel, up 0.20%, after hitting an overnight session low of $105.50 a barrel and a high of $107.02 a barrel.

Brent oil on the ICE Futures Europe exchange fell 0.4% to $114.00 a barrel.

Natural gas futures rose on Wednesday after updated weather-forecasting models called for a return of typical summertime temperatures over much of the central and eastern U.S. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.580 per million British thermal units during U.S. trading, up 0.52%. The commodity hit a session high of $4.606 and a low of $4.533. The August contract settled up 1.97% on Tuesday to end at $4.556 per million British thermal units.

Base metals were looking to resume the upside momentum seen so far this week during Wednesday LME premarket trading, with most having challenged upside chart barriers in recent sessions on investment buying. n the metals the copper price got to within $5 of the $6,900 but then settled back at an unchanged $6,885. Warehouse stocks registered their 19th successive daily decline, falling a net 900 tonnes to 156,825 tonnes, the lowest once more since August 2008. The aluminium price jumped back above $1,900, touching $1,912, and then held at $1,910, up $14. Inventories registered their 22nd successive daily fall, with the 5,875- tonne decline taking the stockpile down to 5,066,250 tonnes. In others, the zinc price remains on hold below $2,200, with recent trade at $2,185 a $10 advance – stocks dropped 2,475 tonnes to 668,775 tonnes, the lowest since December 2010/ Lead was similarly stuck below $2,200 – it was last $4.50 lower at $2,179 – while inventories were down 350 tonnes at 192,175 tonnes. The nickel price rose $90 to $18,220 but the 474-tonne increase in inventories took the total to 305,862 tonnes, just 108 tonnes below last week’s all-time highs. Tin at $22,575 was unchanged, although stocks increased 255 tonnes to 11,100 tonnes, a seven-month high.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1585. If it sustain above the level of 3.1770, it can touch the level of 3.1870 & 3.2020 respectively. If it breaks the level of 3.1270, it can touch the level of 3.1170, 3.1020 respectively.

  • BUY COPPER-COMEX ABOVE 3.1770 TGTS 3.1870, 3.2020 SL 3.1660.
  • SELL COPPER-COMEX BELOW 3.1270 TGTS 3.1170, 3.1020 SL 3.1380.

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

26Jun
Forex Signals

IForex Market Trading Signals and News of 26 June 2014

TRADING TIPS :

  • Forex – EUR/USD firms on dismal U.S. GDP data
  • Forex – GBP/USD erases losses but remains under pressure
  • Forex – Dollar broadly lower after weak U.S. data on GDP, durables

EUR/USD
EUR/USD was up 0.23% at 1.3638, up from a session low of 1.3600 and off a high of 1.3652.The pair was likely to find support at 1.3574, Monday’s low, and resistance at 1.3677, the high from June 6.The Commerce Department reported earlier that U.S. gross domestic product contracted at an annual rate of 2.9%in the first quarter of the year, far surpassing consensus forecasts for a decline of 1.7%.U.S. first-quarter GDP was initially reported to have increased by 0.1%, but was subsequently revised to show a contraction of 1.0%.The difference between the second and third estimate was the largest since records began in 1976, the Commerce Department added.A separate report showed that U.S. durable goods orders fell 1.0% in May, while core durable goods orders fell 0.1%. Market expectations had been for an increase of 0.2% and 0.4%, respectively.

GBP/USD
GBP/USD pulled away from 1.6952, the pair’s lowest since June 18, to hit 1.7000 during U.S. morning trade, up 0.09%.Cable was likely to find support at 1.6924, the low of June 18 and resistance at 1.7061, the high of June 20.The dollar came under pressure after the Commerce Department said gross domestic product contracted at an annual rate of 2.9% in the first three months of the year, compared to the consensus forecast for a decline of 1.7%.U.S. first quarter GDP was initially reported to have increased by 0.1%, but was subsequently revised to show a contraction of 1.0%.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7010- TG: 1.7030/ 1.7060 SL 1.6980
2. Sell GBP/USD Below 1.6960- TG: 1.6940/ 1.6910 SL 1.6990

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

26Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 26 June 2014

MARKET UPDATES :

  • THE Monetary Authority of Singapore (MAS) on Wednesday outlined proposed measures to define a systemically important bank (SIB) in Singapore. The proposed indicators will be based on the following four factors: size; interconnectedness; substitutability and complexity.
  • KEPPEL Land and its fund management arm, Alpha Investment Partners, have on Wednesday signed a sale and purchase agreement to sell Equity Plaza in Raffles Place for S$550 million to a consortium led by mainboard-listed GSH Corporation, controlled by Sam Goi.
  • WILMAR International said on Wednesday that it has closed the deal to buy Huntsman Corporation’s European commodity surfactants business. Financial details of the deal were not disclosed.
  • WATER treatment firm Hyflux, through its wholly-owned subsidiary Hyflux International, has signed a memorandum of understanding (MOU) with Banco Interacciones, Mexico’s leading infrastructure bank, to collaborate on water projects in Mexico.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION ABOVE 3.880 TG 3.930, 3.980, 4.060 SL 3.820

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

25Jun

Comex Commodity Trading Signals and Market News –25 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia early Wednesday on profit-taking, but remain well supported on the civil strife in Iraq. Overnight, gold futures rose on fears the ongoing Iraqi insurgency will escalate, threaten U.S. recovery by dragging Washington deeper into the crisis and weaken the dollar, which trades inversely from the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,319.70 a troy ounce, down 0.12%, after hitting an overnight session low of $1,314.60 and off a high of $1,326.60.

Silver for September delivery was down 0.58% at $21.975 a troy ounce. Copper futures for September delivery were up 0.10% at $3.144 a pound.

Crude oil prices gained smartly in Asia on Wednesday on Iraq tension, shrugging off an industry report that showed a solid gain in U.S. crude stocks. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $107.11 a barrel, up 1.01%, after hitting an overnight session low of $105.28 a barrel and a high of $106.46 a barrel.

Brent oil on the ICE futures exchange rose 0.3% to $114.46 a barrel with the spread with West Texas Intermediate widening by 48 cents to $8.43 a barrel.

Natural gas futures bounced higher on Tuesday after bottom fishers snapped up nicely-priced positions on the notion that a break in a heat wave that could curb demand for air conditioning could be short-lived. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.529 per million British thermal units during U.S. trading, up 1.35%. The commodity hit a session high of $4.534 and a low of $4.453. The August contract settled down 1.85% on Monday to end at $4.468 per million British thermal units.

Base metals settled for mixed price trends during Tuesday’s LME pre-market session, generally consolidating after the previous’s days more definitive pattern, when several set multi-week highs as short-term sentiment picked up. The copper price, which hit $6,900 on Monday, was trading at a comfortable $6,879, down a modest $6 from the previous close. In warehouse stocks data, inventories fell a net 850 tonnes to 157,725 tonnes, the lowest again since August 2008. The aluminium price was again holding station under $1,900, trading at $1,891, up $1. Inventories dropped 5,150 tonnes to a new 18-month low of 5,072,125 tonnes. There was a big 88,625-tonne jump in cancelled warrants to 3,032,500 tonnes, the highest level ever. The zinc price was hovering not far off the $2,200 level, trading at $2,191, up $7, with stocks falling 2,075 tonnes to 671,250 tonnes, a fresh low since December 2010. Sister metal lead held at $2,182, a $5 advance, with a modest 50-tonne fall in inventories to 192,525 tonnes. The nickel price drifted to $18,219 from a previous $18,425, with stocks climbing 786 tonnes to 305,388 tonnes, close to recent all-time highs of 305,970 tonnes. Tin business at $22,500 was a mere $25 lower, with stocks unchanged at 10,845 tonnes.

TRADING STRATEGY :

GOLD-COMEX has closed @ 1311.76. If it breaks the level of 1309, it can touch the level of 1302 & 1292 respectively. If it sustain above the level of 1326, it can touch the level of 1333, 1343 respectively.

  • SELL GOLD-COMEX BELOW 1309 TGTS 1302, 1292 SL 1319.
  • BUY GOLD-COMEX ABOVE 1326 TGTS 1333, 1343 SL 1316.

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

25Jun
Forex trading

IForex Market Trading Signals and News of 25 June 2014

TRADING TIPS :

  • Forex – Pound lower after dovish Carney comments
  • Forex – Euro edges higher, gains checked after German Ifo
  • Forex – AUD/USD slips but remains near 2-1/2 month high

GBP/USD
GBP/USD touched session lows of 1.6974 and was last down 0.21% to 1.6993.The pair was trading at around 1.702 before the speech. Cable was likely to find support at 1.6940 and resistance at 1.7030, the session high. The drop in the pound came after BoE Governor Mark Carney said that wage growth has been lower than expected

EUR/USD
EUR/USD edged up 0.13% to 1.3620, up from session lows of 1.3598. The pair was likely to find support at 1.3540 and resistance at 1.3630. The single currency shrugged off a report showing that the German Ifo business climate index fell to a six-month low of 109.7 this month from 110.4 in May and compared to estimates of 110.3.

AUD/USD
AUD/USD hit 0.9418 during late Asian trade, the session low; the pair subsequently consolidated at 0.9409, slipping 0.16%. The pair was likely to find support at 0.9375, the low of June 22 and resistance at 0.9461. A report on Monday showed that China’s HSBC manufacturing PMI came in at 50.8 in June.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7030- TG: 1.7060/ 1.7090 SL 1.7005
2. Sell GBP/USD Below 1.6970- TG: 1.6940/ 1.6910 SL 1.6995

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

25Jun
sgx-asx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 June 2014

MARKET UPDATES :

  • The Minister for Finance has appointed Gerard Ee, President of the Institute of Singapore Chartered Accountants, as a member of the Singapore Accountancy Commission (SAC) Board. The former chairman of the Public Transport Council will serve from June 20, 2014 to March 31, 2015.
  • ARMARDA Group Limited assured the market on Tuesday that it can continue as a going concern. The assurance comes in the wake of an emphasis of matter issued by its independent auditor, Crowe Horwath First Trust LLP, for the fiscal year ended March 31, 2014.
  • MANY brands still rely heavily on traditional media platforms for marketing and branding, a new study revealed on Tuesday. According to Haymarket Media’s Campaign Asia-Pacific and Nielsen, penetration of television and print advertising platforms remains high, at more than 70 per cent.
  • YOMA Strategic Holdings on Tuesday said it has received a written notice from Myanmar’s Serge Pun & Associates offering the right to acquire the economic benefit of 70 per cent of the land in Pun.

STOCK RECOMMENDATION :

  • BUY KEPPAL CORORATION ABOVE 10.750 TG 10.900,11.000 SL 10.630

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

 

24Jun

Comex Commodity Trading Signals and Market News –24 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped Tuesday in Asia on profit taking with a mix of geopolitical uncertainty over Iraq and continued easy policy offering support triggers. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,315.60 a troy ounce, down 0.21%, after hitting an overnight session low of $1,310.60 and off a high of $1,310.20.

Silver for September delivery was down 0.26% at $20.910 a troy ounce. Copper futures for September delivery were up 0.21% at $3.147 a pound.

Crude oil prices dipped slightly in early Asia on Tuesday with the focus on Iraq where attempts to find a political solution are in progress, though skepticism is deep that the country cannot avoid falling further further into civil and sectarian strife. The market is also awaiting data from industry body the American Petroleum Institue later in the day on U.S. crude stocks, which it said dipped last week by 5.7 million barrels. On the New York Mercantile Exchange, West Texas Intermediate crude crude oil for delivery in August traded at $106.03 a barrel, down 0.05%, after hitting an overnight session low of $105.93 a barrel and a high of $107.37 a barrel.

Brent oil on the ICE futures exchange fell 0.6% to $114.12 a barrel.

Natural gas futures fell on Monday after updated weather-forecasting models called for a break in a U.S. heat wave, which should curb demand for air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.477 per million British thermal units during U.S. trading, down 1.66%. The commodity hit a session high of $4.592 and a low of $4.475. The August contract settled down 1.11% on Friday to end at $4.552 per million British thermal units.

Base metals were broadly lower after Monday’s upside aided by a upside surprise from the Chinese PMI, but sentiments were considerably muted Tuesday as last night’s European data pressured risk appetite. Copper touched the $6,900 per tonne level, its best since June 3, then settled at $6,885 on Monday but today’s prices have since come down $30 at the current $6,855. Warehouse stocks dropped a net 850 tonnes to 158,575 tonnes, a fresh low since August 2008. Zinc at $2,171 is some $13 lower overnight after having peaked at $2,198 on Monday. Stocks fell 2,950 tonnes to 673,325 tonnes, the lowest since December 2010. Aluminium lost $13 as well to last done at $1,877 while inventories were down 6,850 tonnes at 5,077,275 tonnes, the lowest since December 2012. Lead at $2,168 is $11 lower after climbing almost two percent yesterday. Nickel at $18,351 is down $74 overnight, while tin is last at $22,441, sliding $184 from Monday’s close.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.435. If it breaks the level of 4.419, it can touch the level of 4.370 & 4.300 respectively. If it sustain above the level of 4.573, it can touch the level of 4.622, 4.692 respectively.

  • SELL NATURALGAS-NUMEX BELOW 4.419 TGTS 4.370, 4.300 SL 4.471.
  • BUY NATURALGAS-NUMEX ABOVE 4.573 TGTS 4.622, 4.692 SL 4.522.

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

24Jun
forex-trading3

IForex Market Trading Signals and News of 24 June 2014

TRADING TIPS :

  • Forex – Pound steady close to 5-1/2 year highs against dollar
  • Forex – NZD/USD climbs to more than 1-month highs
  • Forex – USD/CAD falls to fresh 5-1/2 month lows

GBP/USD
GBP/USD was little changed at 1.7016, not far from the highs of 1.7034 reached last Thursday, the most since August 2009.Cable was likely to find support at 1.6950 and resistance at 1.7075. Demand for sterling continued to be underpinned by expectations that the deepening economic recovery in the U.K

NZD/USD
NZD/USD hit 0.8749 during late Asian trade, the pair’s highest since May 6; the pair subsequently consolidated at 0.8739, climbing 0.49%.The pair was likely to find support at 0.8655, the low of June 18 and resistance at 0.8780, the high of May 6.

USD/CAD
USD/CAD touched lows of 1.0717, the weakest since January 7 and was last down 0.21% to 1.0735. The pair is likely to find support at 1.0600 and resistance at 1.0825, Friday’s high. The Canadian dollar strengthened after Statistics Canada reported Friday that the annual rate of inflation rose to 2.3% in May,

RECOMMENDATION :

1. Buy GBP/USD Above 1.7050- TG: 1.7080/ 1.7110 SL 1.7020
2. Sell GBP/USD Below 1.7000- TG: 1.6970/ 1.6940 SL 1.7030

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

24Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 24 June 2014

MARKET UPDATES :

  • OFFSHORE marine player NAM Cheong on Monday said it has sold two accommodation work barges worth about US$84 million (S$105 million) to repeat customer Perdana Petroleum Berhad.
  • CONSUMER price inflation in Singapore picked up a little more than expected to 2.7 per cent in May. The median forecast of 21 economists polled by Bloomberg before the Department of Statistics released the data on Monday was for a 2.6 per cent year-on-year rise in the consumer price index (CPI).
  • The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in joint comments that the rise was “due to base effects associated with the fluctuations in COE premiums”
  • Singapore real estate company Frasers Centrepoint Ltd (FCL), backed by Thai billionaire Charoen Sirivadhanabhakdi, plans to raise S$365 million (US$292 million) by listing its hospitality real estate investment trust (Reit) in Singapore, IFR reported.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 44.000 TG 44.300, 44.700, 45.200 SL 43.700

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

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