6May
Stock Market

Financial Sgx Singapore Stock Market Trading Picks And News – 06th May 2014

MARKET UPDATES

  • SEMBCORP Marine shares fell more than two per cent on Monday as the 3.1 per cent growth in its first quarter net profit to S$122.48 million fell below expectations.
  • SHELL has been appointed the sole provider of refuelling operations and fuel management at Seletar Airport for a ten- year period.
  • Seletar Airport, which is managed by Changi Airport Group (CAG), supports corporate flights, medical evacuation, international aircraft charters as well as flying schools.”Given Singapore’s strategic position, Seletar Airport is poised to play a pivotal role in the development of the regional business aviation sector,” said chairman of Shell (Singapore) Lee Tzu Yang at the launch ceremony on Monday. Shell also provides fuel to Singapore’s Changi Airport.
  • OCBC Investment Research on Monday initiated a buy call on Thai Beverage, pegging its target price at 73 cents a share.
  • The stock was trading at 58.5 cents a share on Monday,unchanged from Friday’s close. “We believe the counter is also attractive due to the diversification and liquidity provided to investor,” OCBC analyst Yap Kim Leng,
  • Loyz’s Thailand concessions are producing at a combined rate of around 3,000 barrels of oil per day (bopd) – a significant increase from the 1,200 bopd achieved in February,

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.330 TG 3.380,3.440, 3.520 SL 3.250

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

 

2May

Comex Commodity Trading Signals and Market News – 02th May 2014

Gold gained in Asia Friday in a rebound on physical buying, but in thin tradew with markets in major buyer China shut. On the Comex division of the New York Mercantile Exchange, Gold futures for June delivery traded at $1,284.00 a troy ounce, up 0.05%, after hitting an overnight session low of $1,277.40 and off a high of $1,293.10. Overnight, gold prices edged lower after data revealed consumer spending and personal incomes rose more than expected in March a day after the Federal Reserve said it was cutting the size of its monthly bond-buying program, which has supported gold since 2012.

Silver comex for July delivery was up 0.05% at US$19.053 a troy ounce, while copper futures for July delivery were up 0.05% at $3.027 a pound.

Crude prices eased further in Asia on Friday on growing U.S. crude stockpiles and prospects for higher exports by Libya. On the New York Mercantile Exchange, West Texas Intermediate Crude oil for delivery in June traded at $99.30 a barrel, down 0.12%, after hitting an
overnight session low of $98.76 a barrel and a high of $99.89 a barrel.

Brent crude on the ICE futures exchange fell 31 cents, or 0.3%, to $107.76 a barrel on Thursday, the lowest settlement since April 11.

Natural gas prices dropped on Thursday after data revealed U.S. inventories rose more than markets were expecting last week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.710 per million British thermal units during U.S. trading, down 2.19%. The commodity hit session high of $4.821 and a low of $4.709. The June contract settled down 0.33% on Wednesday to end at $4.815 per million British thermal units.

Base metals prices came under pressure in Thursday’s LME premarket, with all hitting multi-week lows in quiet trading conditions – just 5,800 lots of copper have changed hands on Select so far – with China and much of Western Europe absent for holidays. the copper price fell $27 from Wednesday’s close to $6,618 per tonne but has recovered from its session and April 16 low of $6,591. Stocks fell for the eighth consecutive day, down a net 2,325 tonnes 231,000 tonnes – the lowest since October 2012. The aluminium price at $1,785 was down $15 and at a one-month low after CTA selling on Wednesday. Stocks were 9,025 tonnes lower at 5,354,875 tonnes and cancelled warrants at 2,908,025 tonnes were down 9,425 tonnes. Nickel is back above $18,000 after dropping below this level on Wednesday. Inventories rose 3,030 tonnes to 279,876 tonnes due to arrivals in Rotterdam. The Zinc price was down $11 at $2,022 – stocks and cancelled warrants were both down 5,525 tonnes at 771,475 tonnes and 134,700 tonnes respectively. More than 2,800 lots have traded so far. Lead hit its lowest since April 9 at $2,077.25 and was last at $2,092, still down $14; stocks were unchanged. Tin at $22,940 was off its one-month low of $22,765 although stocks rose 185 tonnes to 9,540 tonnes and cancelled warrants declined 50 tonnes to 4,015 tonnes.

TRADING STRATEGY :-

NATURALGAS-NYMEX has closed @ 4.729. If it breaks the level of 4.700, it can touch the level of 4.660 & 4.611 respectively. If it sustain above the level of 4.782, it can touch the level of 4.822 & 4.875 respectively.
SELL NATURALGAS-NYMEX BELOW 4.700 TGTS 4.660, 4.611 SL 4.755.
BUY NATURALGAS-NYMEX ABOVE 4.782 TGTS 4.822, 4.875 SL 4.727

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

2May

Forex Market Trading Signals and News of 02th May 2014

TRADING TIPS

GBP/USD

GBP/USD touched highs of 1.6922, the most since August 2009, and was last up 0.21% to 1.6906. The pair had been trading at 1.6839 ahead of the data.Cable was likely to find support at 1.6868, the session low and resistance at 1.7000.Sterling rallied after Markit reported that its U.K. manufacturing purchasing managers’ index rose to 57.3 last month from 55.8 in March. Analysts had expected the manufacturing PMI to decline to 55.4.Growth increased across the sector, as firms reported a rise in new orders, and new product launches. Manufacturers also took on more staff, with employment rising for the twelfth consecutive month.Rob Dobson, Markit’s senior economist, said manufacturing output growth had accelerated to “a level among the highest signaled over the past two decades”.

EUR/USD

EUR/USD was last trading at 1.3874, after rising as high as 1.3889 earlier, the strongest level since April 11.The pair was likely to find support at 1.3825 and resistance at 1.3900.The dollar remained on the back foot after data on Wednesday showed that the U.S. economy expanded at an annual rate of just gross domestic product grew at an annual rate of 0.1% in the first quarter, well below forecasts for an expansion of 1.2%.Despite the sharp slowdown in growth the Federal Reserve said Wednesday it would reduce its bond purchases to $45 billion a month, in a widely expected decision. The Fed also said interest rates would remain on hold at record lows for a “considerable time” after the bond-buying program ends later this year.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6900- TG: 1.6920/ 1.6950 SL 1.6870

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

2May
forex-market-hours

Financial Sgx Singapore Stock Market Trading Picks And News – 02th May 2014

MARKET UPDATES

  • Singapore bank shares surged on Wednesday after two top lenders reported record profit for the first quarter, propping up the main index from 2-week lows. DBS Group Holdings Ltd shares jumped as much as 2.8% to S$17.31, their highest in more than 3 months, while OCBC Ltd shares gained 3.2 per cent to a 3-week high of S$9.77. The gains pushed the Singapore index up 0.77 per cent from the 2-week low it hit on Tuesday.
  • BUSINESS sentiment among Singapore’s manufacturers has improved, says the Economic Development Board’s (EDB) quarterly poll of more than 400 manufacturing companies conducted between March and April. This was thanks to a spike in optimism from the precision engineering cluster, as well as a turnaround in the electronics cluster’s sentiment.
  • CATHAY Pacific Airways will move to Singapore Changi Airport’s new Terminal 4 (T4) when it is ready in 2017. The Changi Airport Group said on Wednesday that the Hong Kong carrier will be the first airline to confirm its move to the new terminal. Tender for the construction of the S$985 million contract was given to Takenaka Corporation in December last year.

STOCK RECOMMENDATION

  • BUY SINGAPORE TELECOMMUNICATION ABOVE 3.830 TG 3.880, 3.930, 3.990 SL 3.760

 

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30Apr

Comex Commodity Trading Signals and Market News – 30th April 2014

Gold prices were flat in Asia on Wednesday as investors held steady ahead of the May 1 holidays in much of the region with major buyer China on the sidelines on Thursday and Friday. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,296.20a troy ounce, down 0.01%, after hitting an overnight session low of $1,286.60 and off a high of $1,301.40. Overnight, gold prices inched lower as investors shrugged off lackluster U.S. data and remained camped out in safe-haven dollar positions ahead of the Federal Reserve’s Wednesday statement on monetary policy.

Silver comex for July delivery fell 0.22% at US$19.495 a troy ounce, while copper futures for July delivery rose 0.07% to US$3.077 a pound.

Crude oil futures fell in Asia on Wednesday after bearish industry data on U.S. supplies and prospects for increased exports from Libya. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.63 a barrel, down 0.65%, after hitting an overnight session low of $100.82 a barrel and a high of $102.20 a barrel.

Brent crude on the ICE futures exchange rose 86 cents, or 0.8%, to $108.98 a barrel.

TRADING STRATEGY

SILVER-COMEX has closed @ 19.44. If it breaks the level of 19.35, it can touch the level of 19.21 & 19.02 respectively. If it sustain above the level of 19.74, it can touch the level of 19.88 & 20.07 respectively.
SELL SILVER-COMEX BELOW 19.35 TGTS 19.21, 19.02 SL 19.56.
BUY SILVER-COMEX ABOVE 19.74 TGTS 19.88, 20.07 SL 19.53

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

30Apr
forex-trading3

Forex Market Trading Signals and News of 30th April 2014

TRADING TIPS

Forex -Dollar higher vs. euro, sterling close to multi-year highs

Forex – USD/JPY gains on upbeat U.S. housing data, BoJ expectations

Forex – EUR/USD trims gains as dollar firms on U.S. housing data

USD/JPY

USD/JPY was up 0.29% and trading at 102.49, up from a session low of 102.05 and off a high of 102.62.The pair was expected to test support at 101.96, Friday’s low, and resistance at 102.73, Tuesday’s high.The dollar firmed after the National Association of Realtors reported that pending home sales jumped 3.4% in March, far surpassing expectations for a 1% gain.Pending home sales for February were revised to a 0.5% drop from a previously reported decline of 0.8%.On a year-over-year basis, pending home sales were still down 7.9% in March, though the data firmed the dollar by reminding investors that the Federal Reserve will continue tapering monthly bond purchases as the year unfolds.Fed bond purchases, currently set at $55 billion a month, weaken the dollar by suppressing long-term borrowing costs, and talk of their dismantling can strengthen the greenback.The Bank of Japan will hold a policy meeting on Wednesday, and the monetary authority is widely seen keeping its stimulus programs in place, which softened the yen.

EUR/USD

EUR/USD touched lows of 1.3812 and was last down 0.22% to 1.3818.The euro weakened across the board after Germany’s Federal Statistics Bureau reported that consumer prices fell 0.2% this month, and increased 1.3% on a year-over-year basis. Market expectations had been for a monthly decline of 0.1% and an annual increase of 1.4%.The data came as investors were looking ahead to preliminary data on euro zone inflation, due for release on Wednesday.The euro rose to almost two-week highs against the dollar earlier amid expectations that Wednesday’s report would show an uptick in consumer prices, after the annual rate of inflation in the region slowed to a record low 0.5% in March. The ECB targets an inflation rate of close to but just under 2%.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6860- TG: 1.6880/ 1.6910 SL 1.6830

2. Sell GBP/USD Below 1.6810- TG: 1.6790/ 1.6760 SL 1.6840

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

30Apr
SGX Singapore

Financial Sgx Singapore Stock Market Trading Picks And News – 30th April 2014

MARKET UPDATES

  • THE Singapore government has released two sites at Tuas and one at Woodlands for sale in a tender under the first half of its Industrial Government Land Sales (IGLS) programme. The 3.9-ha site at Woodlands Ave 12 released by URA is zoned for Business-1 development and has a maximum permissible gross plot ratio of 2.5 with 30-year tenure.
  • COCA-COLA’S affiliate, DP Beverages, has partnered Singapore’s Agency for Science, Technology and Research to expand its technology presence in the city- state and develop new innovations that will “add value to consumers and support a sustainable world”. Coca- Cola will be able to tap on advanced technology and research expertise to optimize its production processes.
  • A 99-year private housing site in Sims Drive has attracted four bids at a state tender that closed on Tuesday.The top bid, from Guocoland unit First Changi Development, was S$530.891 milion. This translates to S$687.88 per square foot per plot ratio (psf ppr). The second highest bid, translating to S$650.45 psf ppr, was made by a City Developments, Hong Leong Holdings and TID joint venture.

STOCK RECOMMENDATION

  • BUY HONGKONG LAND ABOVE 6.980 TG 7.060, 7.140, 7.220 SL 6.900

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

28Apr

Comex Commodity Trading Signals and Market News – 28th April 2014

Gold futures were higher on Friday, supported by renewed tensions between Russia and Ukraine, while markets awaited the release of U.S. consumer sentiment data later in the trading session. On the Comex division of the New York Mercantile Exchange, gold futures for  June delivery traded at $1,300.20 a troy ounce during European afternoon trade, up 0.76%. The June contract settled 0.47% higher on  Thursday to end at $1,290.6 a troy ounce.

Silver comex for May delivery dipped 0.03% to trade at $19.682 a troy ounce, while copper for May delivery edged down 0.09% to trade at $3.118 a pound.

Crude futures fell on Friday after investors sold the commodity for profits, keeping a wary eye on escalating tensions in Ukraine on concerns the standoff could affect shipments from energy-rich Russia. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.75 a barrel during U.S. trading, down 1.17%. New York-traded oil futures hit a session low of $100.51 a barrel and a high of $102.05 a barrel. The June contract settled up 0.49% at $101.94 a barrel on Thursday.

The ICE Futures Exchange in London, Brent oil futures for June delivery were down 0.57%, trading at US$109.71 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$8.96 a barrel.

A bearish weekly stockpile report revealing a larger-than-expected inventory build in the U.S. sent natural gas prices falling on Friday, as markets priced in a late-season cool snap and avoided the commodity. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.669 per million British thermal units during U.S. trading, down 1.14%. The commodity hit session high of $4.739 and a low of $4.646. The June contract settled down 0.51% on Thursday to end at $4.723 per million British thermal units.

Base metals slipped into the minus column during Friday’s LME premarket session, pulled back by a retracement in the copper market, where prices were unable to extend beyond early six-week highs. In the metals, copper touched $6,780 initially, its best since March 7, but then tracked back to $6,740 per tonne, a $13 loss from Thursday’s kerb. Nickel was consolidating below the previous day’s 14-month high of $18,600, trading at $18,300, a $50 loss. Stocks rose 678 tonnes to 277,734 tonnes.Tin also held under its six-month high of $23,849 yesterday, with business at $23,600, down $125 – there was a five-tonne increase in stocks to 9,450 tonnes. Aluminium has become sidelined below $1,900 in recent sessions – it was recently trading at $1,873, a $4 loss. Stocks jumped 11,875 tonnes to a two-week high of 5,339,325 tonnes due to a 19,125-tonne warranting in Vlissingen. Zinc at $2,059 was $13 lower but stocks dropped 3,100 tonnes to 786,475 tonnes. Lead business at $2,164 was down $4, with inventories falling 1,500 tonnes to 193,275 tonnes, the lowest again since mid-September.

TRADING STRATEGY

BRENTCRUDEOIL-NYMEX has closed @ 109.49. If it breaks the level of 109.33, it can touch the level of 108.93 & 108.30 respectively. If it sustain above the level of 110.57, it can touch the level of 110.97 & 111.62 respectively.
SELL BRENTCRUDEOIL-NYMEX BELOW 109.33 TGTS 108.93, 108.30 SL 109.93.
BUY BRENTCRUDEOIL-NYMEX ABOVE 110.57 TGTS 110.97, 111.62 SL 109.97

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

28Apr
Forex Signals

Forex Market Trading Signals and News of 28th April 2014

➔ Forex – EUR/USD edges higher but upside seen limited
➔ Forex – USD/JPY slides on Ukraine unease, U.S. data support
➔ Forex – GBP/USD holds steady after upbeat U.K. retail sales data

GBP-USD
GBP/USD hit 1.6831 during European morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.6807, inching up 0.03%.Cable was likely to find support at 1.6718, the low of April 11 and resistance at 1.6842, the high of April 17 and a four-and-a-half year high.Official data showed that U.K. retail sales rose 0.1% in March, beaing expectations for a 0.4% fall. Retail sales in February were revised down to a 1.3% increase from a previously estimated 1.7% gain.A separate report showed that U.K. mortgage approvals rose by 45,900 last month, compared to expectations for an increase of 48,900. February’s mortgage approvals were revised down to a 47,200 rise from a previously estimated 47,600 increase.

EUR/USD
EUR/USD hit 1.3848 during U.S. morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.3841, adding 0.08%.The pair was likely to find support at 1.3792, Thursday’s low and resistance at 1.3884, the high of April 13.In a revised report, the University of Michigan said its consumer sentiment index rose to a nine-month high of 84.1 in April, from a reading of 82.6 in March. Analysts had expected the index to rise to 83.0 this month.The University of Michigan also said inflation expectations for the next 12 months ticked up to 3.2% in April, from the previous month’s estimate of 3.1%.Meanwhile, market sentiment remained fragile amid renewed tensions in Eastern Europe, after Ukrainian troops killed several pro-Russian rebels on Thursday,and Russian troops started military exercises close to its border with Ukraine.

RECOMMENDATION :-

1. Buy USD/CAD Above 1.1050- TG: 1.1090/ 1.1150 SL 1.1000
2. Sell USD/CAD Below 1.0995- TG: 1.0955/ 1.0895 SL 1.1050

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

28Apr
financial

Financial Sgx Singapore Stock Market Trading Picks And News – 28th April 2014

MARKET UPDATES

  • SINGAPORE’S manufacturing sector expanded by a surprising 12.1 per cent in March compared to a year ago, thanks to double-digit jumps in transport engineering and biomedical output. This came after February’s revised year-on-year pace of 13.1 per cent(previously estimated at 12.8 per cent). The 18 economists polled by Bloomberg prior to the data release had a median growth forecast of 6.4 per cent.
  • RESALE prices of public flats here slipped further in the first quarter by 1.6 per cent from a quarter ago, afterfalling 1.5 per cent in the fourth quarter of last year, For the first time since 2007, HDB has ceased publication of the quarterly median cash-over- valuation by town and flat type.
  • OCBC will maintain the quality of its loan portfolio with its $6.23 billion acquisition of Wing Hang Bank, said OCBC chief executive Samuel Tsien on Thursday. Responding to a query at a shareholders’ meeting, Mr Tsien said Wing Hang’s non-performing loan ratio stands at 0.44 per cent, which is lower than OCBC’s 0.7 per cent.

STOCK RECOMMENDATION

  • BUY SMRRT CORPORATION ABOVE 1.280 TG 1.320,1.360, 1.420 SL 1.220

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