14Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 14 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 8.83 points or 0.3% higher to 2910.65, taking the year-to-date performance to +0.97%.The top active stocks today were SingTel, which declined 1.16%, DBS, which gained 0.88%, ComfortDelGro, which gained 3.51%, UOB, which gained 0.54% and OCBC Bank, with a 0.34% advance.
  • The FTSE ST Mid Cap Index gained 0.18%, while the FTSE ST Small Cap Index rose 0.17%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 1.05%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties – ended 0.82% higher and 0.27% lower respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.02%. SingTel shares declined 1.16% and StarHub improved 0.26%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.28%),SPDR Gold Shares (-1.04%),STI ETF (+0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : CapitaCom Trust (-0.65%),Ascendas REIT (-1.21%),CapitaMall Trust (-0.46%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+18.46%),HSI21400MBeCW160728 (-8.00%),HSI20400MBePW160830 (-5.26%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+5.95%),OCBC Bk MBeCW161004 (+1.28%),DBS MB ePW161003 (-10.53%).

STOCK RECOMMENDATION :

  • BUY NOBLE AT 0.160 TARGET 0.170 0.180 SL 0.150

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

13Jul

IForex Market Trading Signals and News – 13 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen hit by Japan stimulus hopes, sterling up 1%
  • Forex – Aussie, kiwi climb vs. greenback in late trade
  • Forex – Aussie gains in Asia as NAB survey shows business pickup

EUR/USD
EUR/USD is currently trading with a bullish bias. As previously forecasted, the pair continues to trade within the consolidation zone 1.1167-1.1034. As long as the pair trades within this consolidation, we expect to trade reversals within the range. A breakout above 1.1167 will lead to a possible bullish price movements towards 1.1267 while a breakout below 1.1034 will culminate into a possible bearish price rally towards 1.0935. This pair should be traded alongside GBP/USD, GBP/CHF, and EUR/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a bullish bias. The cable continues to retrace to the upper side, we expect the current upward rally to be a mere retracement and should not go beyond 1.3491. Thus, during this intraday, we anticipate a possible bullish price rally towards 1.3224 or even higher to 1.3491. This pair should be traded alongside EUR/USD, GBP/CHF, GBP/JPY, EUR/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3180 TGT 1.3200 1.3230 SL 1.3150
  • SELL GBP/USD BELOW 1.3170 TGT 1.3150 1.3120 SL 1.3200

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

13Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 13 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 25.68 points or 0.89% higher to 2901.82, taking the year-to-date performance to +0.66%.The top active stocks today were SingTel, which gained 1.89%, DBS, which gained 0.38%, UOB, which gained 0.93%, Noble, which gained6.10% and OCBC Bank, with a 0.80% advance.
  • The FTSE ST Mid Cap Index gained 1.03%, while the FTSE ST Small Cap Index rose 0.52%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.92%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 3.60% higher and 2.22% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 0.21%. Keppel Infrastructure Trust shares declined 0.98% and SIIC Environment Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.85%),STI ETF (+0.69%),SPDR Gold Shares (-0.27%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.64%),CapitaMall Trust (-0.46%),Suntec REIT (unchanged).
  • The most active index warrants by value today were : HSI20800MBePW160728 (-38.10%),HSI19400UBePW160929 (-13.83%),HSI23800UBeCW161229 (+12.07%).
  • The most active stock warrants by value today were : DBS MB eCW161031 (unchanged),OCBC Bk MBeCW161004 (+6.85%),DBS MB ePW161003 (-3.39%).

STOCK RECOMMENDATION :

  • BUY ALLIANCE MINERAL ABOVE 0.087 TGT 0.092 0.097 SL 0.083

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

12Jul

Comex Trading Signals and Market News – 12 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices inched up in European trade on Monday, hovering below a 28-month high amid speculation the Federal Reserve will remain cautious on interest rates despite last week’s strong jobs report.Gold for August delivery on the Comex division of the New York Mercantile Exchange tacked on $5.45, or 0.4% to trade at $1,363.85 a troy ounce by 06:50GMT, or 2:50AM ET.
  • Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs.Brent crude was trading at $46.26 per barrel at 0942 GMT (5.42 a.m. ET), down 50 cents from its last settlement.
  • Silver futures rallied during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the precious metal tracking a bullish trend in the overseas market amid speculation that the US Federal Reserve may not raise interest rates in the near-term despite Friday’s robust jobs data as it assesses rising global economic uncertainty in the aftermath of Brexit and awaits more signs of a pickup in the world’s biggest economy.

ECONOMY NEWS :

  • South Korea’s central bank is seen taking a breather on Thursday and keeping rates untouched after it cut them to a record low in June, but is expected to resume easing in coming months, a Reuters poll found on Tuesday. Twenty-eight of 29 analysts surveyed said the Bank of Korea would leave interest rates at 1.25 percent. One forecast a cut to 1.0 percent.
  • Italy’s economy will grow by less than one percent this year and only marginally faster in 2017, the International Monetary Fund said on Tuesday, cutting its previous forecasts as a result of Britain’s decision to leave the European Union. The outcome of last month’s referendum in Britain has heightened volatility on financial markets and increased downside risks for Italy, the Fund said in a report following its annual Article IV meetings with the Italian authorities.
  • The yen hovered near a one-week low against the dollar on Tuesday, in the wake of a weekend election victory by Japan’s ruling coalition that fanned expectations of more economic stimulus including possible monetary easing.Gains in equity markets and an improvement in risk sentiment also weighed on the safe-haven yen, which rallied after Britain’s vote to leave the European Union and adding to worries over global growth.

TRADING STRATEGY :

  • BUY GOLD AROUND 1352 TARGET 1356 1360 SL 1349.90
  • SELL GOLD AROUND 1360 TARGET 1356 1352 SL 1361.25

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

12Jul

IForex Market Trading Signals and News – 12 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar up more than 1% against yen as Japan stocks rally
  • Forex – Aussie and kiwi move lower vs. stronger greenback
  • Forex – Yen eases further after parliament polls, Aussie recovers

EUR/USD
EUR/USD is currently trading with a bearish bias. The pair entered into a consolidation not going above 1.1167 or below 1.1034. During this intraday, we expect a possible bearish break below 1.1034 to go short with an ideal target at 1.094. The overall trend is bearish and a clear breakout below 1.1034 will confirm the anticipated bearish rally. This pair should be traded alongside EUR/JPY, and EUR/CHF. These pairs have a strong positive correlation of up to +0.95 and will have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a declining bullish bias. During the previous trading day on 8th July 2016, instead of going short a previously forecasted, the pair retraced to the upper side but is likely to continue short during this intaday. Thus, we expect a possible bearish price movements towards 1.245 or even below. Ideally, the anticipated downward rally should be the continuation of wave (c) and may end below 1.245. This pair should be traded alongside GBP/JPY, GBP/CHF, and USD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.2980 TGT 1.3000 1.3020 SL 1.2950
  • SELL GBP/USD BELOW 1.2850 TGT 1.2870 1.2840 SL 1.2880

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

12Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 12 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 29.1 points or 1.02% higher to 2876.14, taking the year-to-date performance to -0.23%.The top active stocks today were SingTel, which gained 2.17%, DBS, which gained 0.57%, UOB, which gained 1.21%, Global Logistic, which gained 2.19% and OCBC Bank, with a 0.57% advance.
  • The FTSE ST Mid Cap Index gained 0.33%, while the FTSE ST Small Cap Index rose 0.31%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.27%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 2.78% higher and 1.12% higher respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 0.20%. Wilmar International shares remained unchangedand Thai Beverage declined 0.52%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.15%),STI ETF (+1.39%),CIMB FTSE ASEAN40 100 (+0.12%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%),CapitaMall Trust (+0.93%),Suntec REIT (+0.56%)
  • The most active index warrants by value today were : HSI21400MBeCW160728 (+29.73%),HSI21400MBeCW160929 (+19.61%),HSI20000MBePW160728 (-38.89%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+7.69%),OCBC Bk MBeCW161004 (+2.82%),UOB MB eCW161031 (+11.27%).

STOCK RECOMMENDATION :

  • BUY GMG GLOBAL ABOVE 0.590 TGT 0.620 0.660 SL 0.560

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

11Jul

Comex Trading Signals and Market News – 11 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices slid lower on Friday, as investors awaited the highly-anticipated U.S. employment report due later in the day, but the precious metal remained close to Wednesday’s two-year peak as concerns over the global impact of the Brexit vote continued to dampen sentiment.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery declined 0.36% to $1,357.35.
  • Oil prices rebounded on Friday, bouncing off two-month lows hit in the previous session when prices fell 5 percent on news that the U.S. weekly crude draw missed some forecasts.Traders said that the outlook looked volatile as a refined product glut and slowing economic growth weighed on markets while the risk of supply disruptions could tighten supplies.
  • Silver futures were trading lower during noon trade in the domestic market on Friday as traders resorted to a cautious approach ahead of the much anticipated US payrolls data for the month of June set for release today which may dictate the timing of the US Federal Reserve’s next interest rate hike.

ECONOMY NEWS :

  • The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China’s trade minister Gao Hucheng said on Saturday. Gao made the remarks at the start of a two-day meeting of trade ministers from G20 economies in Shanghai, as uncertainty hangs over the outlook for a slow-growing global economy now beset by post-Brexit reverberations.
  • U.S. President Barack Obama said on Saturday he expected Britain to go through with leaving the European Union after last month’s referendum and was concerned to limit the damage to the British, European and global economies from the move.As a friend, ally and trading partner of Britain and of the EU, he said Washington wanted to see an orderly negotiating process and as close a relationship as possible in future.
  • As China’s medical bills rise steeply, outpacing government insurance provision, patients and their families are increasingly turning to loans to pay for healthcare, adding to the country’s growing burden of consumer debt.While public health insurance reaches nearly all of China’s 1.4 billion people, its coverage is basic, leaving patients liable for about half of total healthcare spending, with the proportion rising further for serious or chronic diseases such as cancer and diabetes.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1370 TARGET 1375 1381 SL BELOW 1365
  • SELL GOLD BELOW 1360 TARGET 1355 1349 SL ABOVE 1365

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

11Jul
forex-trading3

IForex Market Trading Signals and News – 11 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD posts rare win, as dollar wavers after stellar jobs report
  • Forex -Dollar remains broadly higher, U.S. data supports
  • Forex – USD/CAD near 2-week highs after U.S., Canadian jobs data

EUR/USD
EUR/USD has posted slight losses on Friday, following modest losses in the Thursday session. The pair is slightly below the 1.11 level. On the release front, German Trade Balance slipped in May but was within expectations. Next up is French Industrial Production. Over in the US, employment data will be in the spotlight with three key events, highlighted by Nonfarm Employment Change. US employment numbers looked sharp on Thursday. ADP Nonfarm Employment Change was almost unchanged in June, with a reading of 172 thousand. This figure was well above the forecast of 158 thousand. This was followed by a solid unemployment claims release, as the indicator dropped to 254 thousand, marking an 11- week low. A strong release would confirm that the labor market is improving and job creation is gaining steam.

GBP/USD
GBP/USD posted modest gains on Friday to post a rare winning session, as the dollar wavered throughout a choppy day of trading after reports showed that the U.S. labor market added the highest number of jobs in June in nearly 10 months.The currency pair wavered between 1.2881 and 1.3018, before settling at 1.2952, up 0.0046 or 0.36% on the session. With the slight gains, the British Pound recorded just its fourth winning session since voters in the U.K. surprisingly backed a referendum last month paving the way for a departure from the E.U.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3055 TGT 1.3075 1.3105 SL 1.3025
  • SELL GBP/USD BELOW 1.2935 TGT 1.2915 1.2885 SL 1.2905

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

11Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 11 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.84 points or 0.59% lower to 2845.33, taking the year-to-date performance to -1.30%.The top active stocks today were SingTel, which declined 0.72%, UOB, which declined 0.17%, DBS, which gained 0.13%, OCBC Bank, which declined 0.57% and Noble, with an 8.15% fall.
  • The FTSE ST Mid Cap Index declined 0.62%, while the FTSE ST Small Cap Index declined 0.50%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.60%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 1.89% higher and 1.14% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.67%. Keppel Corp shares declined 1.80% and Sembcorp Industries declined 0.70%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.66%),Lyxor Asia 10 (unchanged),DBXT MSCI Taiwan ETF 10 (-1.59%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.61%),CapitaMall Trust (-0.46%),CapitaCom Trust (-1.62%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (-14.58%),HSI21400MBeCW160929 (-10.53%),HSI19400UBePW160929 (+6.54%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-2.50%),OCBC Bk MBeCW161004 (-6.58%),UOB MB eCW161031 (-5.33%).

STOCK RECOMMENDATION :

  • BUY G INVACOM ABOVE 0.122 TGT 0.130 0.140 SL 0.114

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

8Jul

Comex Trading Signals and Market News – 08 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures were trading higher during the morning trade in the domestic market on Thursday led by rise in demand in the domestic markets tracking a weak trend in overseas markets.Analysts said that the weak cues at global markets and rise in demand at domestic spot markets followed by the release of the US Fed meeting minutes which showed that the majority of Fed members were cautious to adjust rates following poor US labour data and Brexit vote influenced the rise in copper futures.
  • Oil prices edged higher on Thursday for a second day, supported by a report of another fall in U.S. crude oil inventories and a weaker U.S. dollar, although a glut of refined products and economic growth concerns continued to loom over the market. Brent crude oil futures were trading at $49.50 per barrel at 0857 GMT on Thursday, 70 cents above their last settlement. U.S. West Texas Intermediate (WTI) crude was trading at $48.08 per barrel, up 65 cents from its last close.
  • Gold prices held near the prior session’s 28-month high in European trade on Thursday, as market players looked ahead to key U.S. employment data for more clues on the Federal Reserve’s next move.The U.S. was to release the ADP jobs report for June at 12:15GMT, or 8:15AM ET, followed byweekly jobless claims data at 12:30GMT, or 8:30AM ET. Market players are also focusing on Friday’s U.S. nonfarm payrolls report.

ECONOMY NEWS :

  • China’s urban unemployment rate at the end of June was 4.05 percent, a vice minister of the human resources ministry said on Friday, up marginally from 4.04 percent at the end of the first quarter.China created 7.17 million new urban jobs in the first half of 2016, vice minister Xin Changxing said at a press briefing.
  • Japan’s top currency diplomat, Masatsugu Asakawa, said on Friday he was watching the foreign exchange market with a sense of urgency, including how U.S. jobs data later in the day could affect it.Speaking to reporters after a meeting between officials of the Finance Ministry, Bank of Japan, and the Financial Services Agency to discuss market developments, Asakawa also said the government was ready to respond to any speculative moves.
  • U.S. state and local spending on prisons and jails grew at three times the rate of spending on schools over the last 33 years as the number of Americans behind bars ballooned under a spate of harsh sentencing laws, a government report released Thursday said.U.S. Secretary of Education John King said the report’s stark numbers should make state and local governments reevaluate their spending priorities and channel more money toward education.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1370 TARGET 1375 1381 SL BELOW 1365
  • SELL GOLD BELOW 1360 TARGET 1355 1349 SL ABOVE 1365

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

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