24Jul
forex-trading3

IForex Market Trading Signals and News of 24 July 2014

TRADING TIPS :

  • Forex – Dollar broadly lower vs. rivals as sentiment recovers
  • Forex – Pound little changed after BoE minutes
  • Forex – NZD/USD edges higher ahead of RBNZ statement

USD/CAD
The U.S. dollar was little changed against its Canadian counterpart on Tuesday, after U.S. consumer price inflation data came out broadly in line with expectations, while investors continued to monitor developments in Ukraine and the Gaza Strip.USD/CAD hit 1.0733 during European afternoon trade, the session low; the pair subsequently consolidated at 1.0735, dipping 0.03%.

GBP/USD
The pound edged lower against the dollar on Tuesday after U.S. inflation data met expectations and while housing numbers beat forecasts, confirming market sentiments that the Federal Reserve remains on track to wind down stimulus programs this year and raise interest rates the next.GBP/USD slides as U.S. inflation report firms dollarPound slips against greenback on solid U.S. inflation figures, upbeat housing numbers In U.S. trading on Tuesday, GBP/USD was trading down 0.13% at 1.7054, up from a session low of 1.7042 and off a high of 1.7084.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7082- TG: 1.7102/ 1.7132 SL 1.7062
2. Sell GBP/USD Below 1.7030- TG: 1.7010/ 1.6980 SL 1.7060

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

24Jul
sgx 24 july 2014

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

MARKET UPDATES :

  • PREMIUMS for certificates of entitlement or COE have risen across the board, with those for commercial vehicles jumping 20 per cent ahead of a big reduction from next month onwards. In the final bidding exercise for the May to July 2014 quota, passenger car premiums climbed slightly. Category A – for cars below 1,600cc and 130 hp – was S$900 higher at S$62,890, while Cat B – for cars above 1,600cc or 130 hp – inched up S$112 to S$65,001.
  • ALL three local banks, DBS Group Holdings United Overseas Bank and OCBC Bank are likely to increase their interim dividends, said Markit on Wednesday. The financial-services data firm said it was forecasting dividend per share of S$0.3 for DBS, representing 7.1 per cent growth over the year but flat from its 2013 year-end payout;
  • SINGAPORE, which has seen about S$9 billion worth of mergers and acquisitions (M&As) year to date, could see a further S$11 billion pending, Daiwa Capital Markets said on Wednesday. So far, the deals have been in diverse sectors including property, consumer and industrial – all priced at high premiums compared to the target companies’ prevailing valuations at the time.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 17.930 TG 18.030, 18.150, 18.300 SL 17.810

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

23Jul

Comex Commodity Trading Signals and Market News – 23 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices edged lower in U.S. trading on Tuesday after data revealed both consumer prices and existing home sales are on the rise in the U.S., which should prompt the Federal Reserve to do away with loose monetary policies that have supported the commodity for years.

Natural gas carried Monday’s losses into Tuesday after updated weather forecasting models continued to call for below- normal temperatures to make their way across parts of the eastern half of the U.S. in the coming days On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $3.800 per million British thermal units during U.S. trading, down 1.29%. The commodity hit a session high of $3.862 and a low of $3.789. The August contract settled down 2.58% on Monday to end at $3.849 per million British thermal units. Natural gas futures were likely to find support at $3.741 per million British thermal units, the low from Nov. 26, 2013, and resistance at $3.893, Monday’s high.

Crude futures edged lower on Tuesday on fears this week’s U.S. supply report will come in bearish, while uncertainty over the fate of Ukraine and Gaza in Israel allowing for choppy trading. n the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in September traded down 0.41% at $102.44 a barrel during U.S. trading. New York-traded oil futures hit a session low of $102.14 a barrel and a high of $103.38 a barrel. The September contract settled up 0.89% at $102.86 a barrel on Monday.

On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,306.70 a troy ounce during U.S. trading, down 0.55%, up from a session low of $1,302.60 and off a high of $1,315.80. The August contract settled up 0.34% at $1,313.90 on Monday. Futures were likely to find support at $1,292.60 a troy ounce, the low from July 15, and resistance at $1,319.00, Monday’s high.

• Nymex oil futures were likely to find support at $101.48 a barrel, Monday’s low, and resistance at $103.38 a barrel, the session high.Markets tracked events unfolding in Ukraine and in Gaza, with investors looking for fresh signs to indicate whether geopolitical tensions in will threaten Russian and Middle East oil exports, and the uncertainty allowed for choppy trading at times on Tuesday.

TRADING STRATEGY :

  • SELL GOLD COMEX BELOW 1300 TG 1294 ,1284 SL 1308
  • BUY GOLD-COMEX ABOVE 1303 TGTS 1309, 1319 SL 1294

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

23Jul
Forex trading

IForex Market Trading Signals and News of 23 July 2014

TRADING TIPS :

  • Forex – USD/CAD little changed after U.S. data
  • Forex – Dollar climbs to 6-week highs
  • Forex – GBP/USD almost unchanged, geopolitical tensions weigh

USD/CAD
USD/CAD hit 1.0733 during European afternoon trade, the session low; the pair subsequently consolidated at 1.0735, dipping 0.03%. The pair was likely to find support at 1.0683, the low of June 26 and resistance at 1.0794, the high of July 16. In a report, the U.S. Department of Labor said that consumer prices rose by 0.3% last month, meeting estimates, after rising 0.4% in May.

GBP/USD
GBP/USD hit 1.7059 during European morning trade, the session low; the pair subsequently consolidated at 1.7068, dipping 0.04%. Cable was likely to find support at 1.7037, the low of July 18 and resistance at 1.7118, the high of July 18. Earlier Tuesday, official data showed that the U.K. public finances showed a bigger than expected deficit in June. The U.K. borrowed £11.38 billion last month, compared to expectations for a deficit of £10.66 billion. In the same month last year, the U.K. borrowed £7.59 billion.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7080- TG: 1.7100/ 1.7130 SL 1.7050
2. Sell GBP/USD Below 1.7050- TG: 1.7030/ 1.7000 SL 1.7080

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

23Jul
sgx 23 july 2014

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

MARKET UPDATES :

  • GROUNDHANDLER SATS reported a net profit of S$43.3 million for the first quarter ended June 30, down from S$46.2 million in the corresponding quarter a year ago.Excluding one-off items, underlying net profit was S$43.4 million, or 9.4 per cent lower.
  • SINGAPORE Exchange (SGX) announced on Tuesday that following approval from the Reserve Bank of India, its liaison office in Mumbai, India, has started operations.Neena Prasad has been appointed as its Chief Representative.
  • FLAT sellers will, with effect from Tuesday, be able to negotiate with buyers for a temporary extension of stay in their flats sold by up to three months. The Housing & Development Board (HDB) announced this change on Tuesday.Currently, flat buyers are required by law to immediately occupy their new homes.
  • WATER treatment specialist, Hyflux Limited, has sold S$175 million perpetual securities at 4.80 per cent, said Credit Suisse on Tuesday.The securities are callable after 2 years, which means the issuer can redeem them at year 2.

STOCK RECOMMENDATION :

  • BUY ORIENTAL CHIENESE BANKING CORPORATION ABOVE 9.600 TG 9.700, 9.800, 10.030 SL 9.470

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

22Jul

Comex Commodity Trading Signals and Market News – 22 July 2014

INTERNATIONAL COMMODITY NEWS :

Gold and silver futures edged higher on Monday, as worries over ongoing tensions in Ukraine and the Gaza Strip continued to dampen risksentiment and boost demand for safe haven assets. On the Comex division of the New York Mercantile Exchange, gold for August delivery tacked on 0.35%, or $4.60, to trade at $1,314.00 a troy ounce during U.S. morning hours. Prices held in a tight range between $1,308.00 and $1,314.80.

Silver for September delivery tacked on 0.48%, or 10.1 cents, to trade at $20.98 a troy ounce. Investors remained cautious following the shooting down of a Malaysian airliner in eastern Ukraine late last week, with the U.S. blaming pro-Russian separatists for the act.

Copper futures traded near a three-week low on Monday, as ongoing jitters over a possible bond default in China’s construction sector weighed. On the Comex division of the New York Mercantile Exchange, copper for September delivery dipped 0.08%, or 0.3 cents, to trade at $3.182 a pound during European morning hours.

Natural gas prices sold off on Thursday after the U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 107 billion cubic feet last week, above expectations for an increase of 98 billion cubic feet.The five-year average change for the week is an increase of 65 billion cubic feet.Total U.S. natural gas storage stood at 2.129 trillion cubic feet as of last week, narrowing the deficit to the five-year average to 25.5%, down from a record 54.7% at the end of March.Meanwhile, updated weather-forecasting models called for cooler temperatures across most parts of the heavily- populated Midwest and Northeast regions over the next five days.

TRADING STRATEGY :

  • SELL GOLD-COMEX BELOW 1314 TGTS 1307, 1297 SL 1325
  • BUY GOLD-COMEX ABOVE 1314 TGTS 1321, 1331 SL 1304.

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

22Jul
sgx 22 july 2014

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

MARKET UPDATES :

  • KEPPEL Infrastructure Trust’s net profit for the second quarter ended June fell 13.4 per cent to S$3.34 million from S$3.86 million a year ago For the six months ended June, profit dipped 3.1 per cent, from S$7.06 million to S$6.84 million.
  • The business trust, previously named K-Green Trust, posted a 2 per cent drop in revenue for Q2, from S$16.77 million to S$16.43 million. For the six months ended June, revenue dipped 1.6 per cent from S$33.77 million to S$33.21 million. Distribution per unit for H1 2014 was 3.13 Singapore cents, comparable with a year ago.
  • KEPPEL Reit has posted distribution per unit of 1.90 Singapore cents for the second quarter ended June 30, down 3.6 per cent from 1.97 Singapore cents in Q2 2013. Income available for distibution edged up 0.7 per cent to S$53.2 million in Q2 2014 from S$52.8 million in Q2 2013. Net property income rose 21.5 per cent to S$39.2 million in Q2 this year. Gross rent rose 13.7 per cent to S$45.9 million. Car park income increased to S$822,000 in Q2 2014 from S$352,000 in Q2 2013. Other income climbed to S$599,000 from S$424,000 prevoiusly.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.250 TG 36.450, 36.750, 37.150 SL 35.940

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

22Jul
forex-trading3

IForex Market Trading Signals and News of 22 July 2014

TRADING TIPS :

  • Forex – USD/CAD edges higher amid geopolitical turmoil
  • Forex – Dollar steady to higher vs. rivals in risk-off trade
  • Forex – Sterling slips lower against dollar

USD/CAD
USD/CAD hit 1.0752 during European afternoon trade, the pair’s highest since July 18; the pair subsequently consolidated at 1.0748, adding 0.11%. The pair was likely to find support at 1.0709, the low of July 18 and resistance at 1.0794, the high of June 16. Investors remained cautious after the downing of a Malaysian airliner in eastern Ukraine last week and ongoing fighting in Gaza continued to dominate market attention.

GBP/USD
GBP/USD touched lows of 1.7070 and was last at 1.7083. Cable was likely to find support at around the 1.70 level and resistance at 1.7150. Tensions between the West and Russia have mounted since the shooting down of a Malaysian airliner in eastern Ukraine late last week. The U.S. and other nations have accused Russia of complicity in the crash, which Moscow has denied.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7095- TG: 1.7115/ 1.7145 SL 1.7065
2. Sell GBP/USD Below 1.7060- TG: 1.7040/ 1.7010 SL 1.7090

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

21Jul

Comex Commodity Trading Signals and Market News – 21 July 2014

INTERNATIONAL COMMODITY NEWS :

Crude oil futures rose on Friday, to trade near two-week highs amid growing concerns over fresh tensions in Ukraine and as    U.S. manufacturing data released on Thursday continued to support. Oil prices strengthened after a Malaysian Airlines passenger jet crashed in eastern Ukraine. All 298 people on board were killed, sharply raising the stakes in a conflict between Kiev and pro-Moscow rebels in which Russia and the West back opposing sides.

Brent oil futures for September delivery rose 0.8% to $107.89 a barrel on the ICE futures exchange Thursday before the crash. An early morning gain had come primarily from the August contract, which expired Wednesday at a settlement of $105.85, “rolling over” into the new front-month September contract which was trading higher.Investors were tracking news reports that a Malaysian Airlines plane crashed in Ukraine,with wire reports saying the aircraft had been shot down near the border with Russia, a major oil exporter.Oil prices shot up as investors awaited confirmation of the plane crash and its cause, as concerns began to build that the Russian-Ukraine conflict will escalate and disrupt the global flow of crude oil.Malaysia Airlines confirmed it lost contact with the plane, while wire reports quoting Ukraine officials said the plane was shot down, though a lack of confirmations on what happened kept many on the sidelines, which capped gains somewhat.

Natural gas carried Thursday’s losses into Friday after data revealed that U.S. natural gas supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $3.940 per million British thermal units during U.S. trading, down 0.37%. The commodity hit a session high of $3.976 and a low of $3.936. The August contract settled down 4.01% on Thursday to end at $3.954 per million British thermal units.Natural gas futures were likely to find support at $3.936 per million British thermal units, the session low, and resistance at $4.173, Monday’s high.

• On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,310.50 a troy ounce during U.S. trading, down 0.49%, up from a session low of $1,305.20 and off a high of $1,325.30. The August contract settled up 1.32% at $1,316.90 on Thursday.Futures were likely to find support at $1,292.60 a troy ounce, Tuesday’s low, and resistance at $1,325.90, Thursday’s high

TRADING STRATEGY :

GOLD-COMEX has closed @ 1310.14. If it breaks the level of 1304.29, it can touch the level of 1335 & 1329 respectively. If it sustain above the level of 1314, it can touch the level of 1320, 1328 respectively.

  • SELL GOLD-COMEX BELOW 1304 TGTS 1297, 1285 SL 1314.
  • BUY GOLD-COMEX ABOVE 1314 TGTS 1321, 1333 SL 1304.

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

21Jul
forex-market-hours

IForex Market Trading Signals and News of 21 July 2014

TRADING TIPS :

  • Forex – USD/CAD little changed after mixed U.S. data
  • Forex – Dollar rises to six-week highs against Russian rouble
  • Forex – GBP/USD edges lower as sentiment wanes

USD/JPY
USD/JPY was up 0.23% and trading at 101.40, up from a session low of 101.09 and off a high of 101.45. The pair was expected to test support at 101.07, the low from July 10, and resistance at 101.80, Wednesday’s high. The dollar took a dive against the yen on Thursday as investors digested the fallout from a downed Malaysian Airlines flight over Ukraine, with the U.S. blaming Ukrainian pro-Russian separatists for shooting down the aircraft, killing 298 aboard.

GBP/USD
GBP/USD hit 1.7108 during European morning trade, the pair’s lowest since July 15; the pair subsequently consolidated at 1.7111, slipping 0.15%. Cable was likely to find support at 1.7060, the low of July 15 and resistance at 1.7192, the high of July 15 and an almost six-year high. The greenback strengthened broadly after Ms. Yellen said Tuesday that rates could rise sooner if the economic recovery continued to improve. However, the Fed chair also said that if the recovery was disappointing monetary policy would remain accommodative.

RECOMMENDATION :

1. Buy EUR/CAD Above 1.4565- TG: 1.4585/ 1.4610 SL 1.4530
2. Sell EUR/CAD Below 1.4505- TG: 1.4475/1.4450 SL 1.4538

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

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