22Apr
financial

Sgx Singapore Stock Market Trading Picks And News – 22th April 2014

MARKET UPDATES

  • STANDARD Chartered Bank has renewed its sponsorship of Singapore’s most prestigious marathon event to the tune of S$10.5 million over the next three years. The bank said on Monday that it would continue to sponsor the Standard Chartered Marathon Singapore until 2016, in partnership with event owner Sport Singapore.
  • SINGAPORE’S Land Transport Authority (LTA) said on Monday that it has awarded civil as well as electrical and mechanical contracts for the Thomson and Eastern Region Lines worth almost S$1.15 billion.
  • DBS Bank said on Monday that it has appointed Neal Cross as Managing Director and Chief Innovation Officer, Technology and Operations to help spur its innovation agenda regionally.Mr Cross joins DBS from MasterCard, where he was responsible for driving innovation as VicePresident of MasterCard Labs in the company’s Asia/Pacific, Middle East and Africa regions.Based in Singapore, he was also charged with creating and managing innovation programs spanning ideation to commercialisation of new innovative payment solutions. DBS said Mr Cross will drive its innovation agenda across its key axes of growth, namely, Greater China, Southeast Asia and South Asia

STOCK RECOMMENDATION

  • BUY CITY DEVELOPMENT LTD ABOVE 10.550 TG 10.650,10.750, 10.870 SL 10.420

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

21Apr

Comex Commodity Trading Signals and Market News – 21th April 2014

Gold prices edged barely higher in Asia on Friday in thin holiday trade. The Good Friday session sees markets in Japan, mainland China, Hong Kong and South Korea open. Many trading centers globally however will be shut on the day. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,294.90 a troy ounce, up 0.01%, after hitting an overnight session low of $1,293.20 and off a high of $1,304.30.

Silver for May delivery was up 0.19% at US$19.645 a troy ounce, while copper futures for May delivery were down 0.01% at US$3.049 a pound.

Crude oil prices edged slightly higher in Asia on Friday in thin trade. The Good Friday session sees markets in Japan, mainland China, Hong Kong and South Korea open. Many trading centers globally however will be shut on the day. On the New York Mercantile  Exchange, West Texas Intermediate crude oil for delivery in May traded at $104.58 a barrel, up 0.07%, after hitting an overnight session low of $103.56 a barrel and a high of $104.77 a barrel.

Brent crude on the ICE futures exchange lost 7 cents, or 0.1%, to settle at $109.53 a barrel on Thursday. Prices are up 2% for the week.

Natural gas prices soared on Thursday, hitting 7-week highs after a weekly U.S. stockpile report revealed inventories grew at a slower clip than markets were expecting. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at $4.739 per million British thermal units during U.S. trading, up 4.60%. The commodity hit session high of $4.739 and a low of $4.488. The May contract settled down 0.81% on Wednesday to end at $4.530 per million British thermal units.

Base metals other than tin were higher in Thursday’s LME premarket session but business has been quiet – the market is winding down ahead of the Easter holidays, with the LME closed on Friday and Monday. Copper at $6,651 was up $32 on Wednesday’s close but take-up has been slow, with just 2,700 lots changing hands on Select so far. Stocks were unchanged at 242,300 tonnes but cancelled warrants were 500 tonnes lower at 101,600 tonnes. Aluminium was $4 higher at $1,879 after an 8,150-tonne reduction in stocks to 5,315,575 tonnes, a one-month low. Cancelled warrants were down 6,300 tonnes at 2,947,750 tonnes. Nickel rose $140 to $18,000 even though stocks climbed 186 tonnes at 277,434 tonnes and cancelled warrants fell 918 tonnes to 129,000 tonnes. Lead was unchanged at $2,142, with 1,675-tonne reductions in both stocks and cancelled warrants to 200,400 tonnes and 28,575 tonnes respectively. Zinc was $2 higher- stocks fell 3,150 tonnes to 801,500 tonnes. Tin was the only metal to lose ground, although $23,445 it was down just $5. Stocks were 15 tonnes lower at 9,515 tonnes.

TRADING STRATEGY

PLATINUM-COMEX has closed @ 1410.75. If it breaks the level of 1409, it can touch the level of 1401 & 1391 respectively. If it sustain above the level
of 1426, it can touch the level of 1434 & 1444 respectively.

SELL PLATINUM-COMEX BELOW 1409 TGTS 1401, 1391 SL 1424.
BUY PLATINUM-COMEX ABOVE 1426 TGTS 1434, 1444 SL 1411.

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

21Apr

Forex Market Trading Signals and News of 21th April 2014

Forex – EUR/USD down at the end of U.S. session

Forex – USD/JPY up at the end of U.S. session

Forex – GBP/USD down toward the end of U.S. session

EUR/USD

EUR/USD was trading at 1.3810, down 0.03% at time of writing.The pair was likely to find support at 1.3791, Tuesday’s low, and resistance at 1.3864, Thursday’s high.

USD/JPY

USD/JPY was trading at 102.42, up 0.001% at time of writing.

The pair was likely to find support at 101.42, Monday’s low, and resistance at 102.57, today’s high.

USD/CAD

USD/CAD was trading at 1.1023, up 0.12% at time of writing.

The pair was likely to find support at 1.0942, Monday’s low, and resistance at 1.1034, Wednesday’s high.

GBP/USD

GBP/USD was trading at 1.6785, down 0.05% at time of writing.

The pair was likely to find support at 1.6662, Tuesday’s low, and resistance at 1.6842, Thursday’s high.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6825- TG: 1.6845/ 1.6875 SL 1.6785

2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6805

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

17Apr
forex-market-hours

Forex Market Trading Signals and News of 17th March 2014

 

USD/JPY gains on upbeat Chinese growth rates
Forex – USD/CAD hits session highs after BoC holds rates
Dollar rises against yen, Canadian dollar lower after BoC

USD/JPY
USD/JPY was up 0.38% and trading at 102.30, up from a session low of 101.81 and off a high of 102.37.The pair
was expected to test support at 101.33, Friday’s low, and resistance at 104.12, the high from April 4.Data released
earlier revealed that China’s gross domestic product expanded at an annual rate of 7.4% in the first three months
of 2014, slowing from 7.7% in the fourth quarter, but beating expectations for a 7.3% reading, which softened
the yen as investors ditched the safe-harbor currency to take on risk.Meanwhile in the U.S., industrial
production rose 0.7% in March from February, beating expectations for a 0.5% reading, which supported the
dollar, though soft U.S. housing data watered down the greenback’s advance.The Commerce Department
reported earlier that housing starts rose 2.8% in March to 946,000, missing analyst forecasts for a 6.4% increase
to 973,000 units…

USD/CAD
USD/CAD was up 0.19% to 1.1000 from 1.0979 ahead of the central bank announcement.The pair was likely to
find support at 1.0958, the session low and resistance at 1.1070, the high of April 1.The BoC left rates on hold at
1.00% and said that underlying inflation is expected to remain below target for some time.The timing and
direction of the next change to the policy rate will depend on how economic data influences the risks associated
with household imbalances, the bank’s rate statement said.The BoC kept its forecast for economic growth
unchanged at around 2.5% in 2014 and 2015 before easing to around 2% in 2016 and said that the global
economic expansion is expected to strengthen over the next three years.In the U.S., data on

RECOMMENDATION:
1. Buy GBP/USD Above 1.6825- TG: 1.6845/ 1.6875 SL 1.6785
2. Sell GBP/USD Below 1.6775- TG: 1.6755/ 1.6725 SL 1.6810

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

6Mar

Comex Commodity Trading Signals and Market News – 6th March 2014

  • Gold prices fell in Asia on Thursday on tensions easing between Russia and the Ukraine and continued profit taking from overnight leading the yellow metal lower on prospects for a weaker dollar. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at 1,337.30 a troy ounce, down 0.22%, from an overnight session low of $1,332.90 and off a high of $1,342.00. Read More »
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