3Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 03 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 35.85 points or 1.24% lower to 2856.67, taking the year-to-date performance to – 0.90%.
  • The top active stocks today were Singtel, which declined 3.11%, DBS, which declined 1.37%, UOB, which declined 1.09%, OCBC Bank, which declined 0.81% and Noble, with a 17.90% fall.
  • The FTSE ST Mid Cap Index declined 1.25%, while the FTSE ST Small Cap Index declined 0.93%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 3.96%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 5.51% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.82%. Singtel shares declined 3.11% and StarHub declined 0.25%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-1.04%) ,SPDR Gold Shares (+0.72%) ,DBXT S&P CNX Nifty ETF (+0.11%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.79%) ,CapitaLand Mall Trust (+0.47%) ,Mapletree Com Trust (-1.61%)
  • The most active index warrants by value today were : NKY 15500MBePW161209 (+8.81%) ,NKY 16000MBePW160909 (+18.09%) ,CN10000MBeCW161028 (-2.56%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-13.46%) ,UOB MB eCW161031 (-13.85%) ,DBS MB ePW161201 (+5.39%).

STOCK RECOMMENDATION :

  • BUY FIRST RESOURCE ABOVE 1.650 TARGET 1.680 1.730 SL 1.600

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

2Aug

Comex Trading Signals and Market News – 02 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell back towards April lows in North American trade on Monday, reapproaching bear market territory as signs of increasing production in the U.S. and rising output among members of the Organization of the Petroleum Exporting Countries weighed.Crude oil for September delivery on the New York Mercantile Exchange fell to a session low of $40.88 a barrel.
  • Gold prices edged lower in European trade on Monday, as investors looked to buy into rising equity markets rather than purchasing safe-haven assets, but prices held near three-week highs amid waning expectations that the Federal Reserve will raise interest rates anytime soon.
  • Silver futures were trading higher during the afternoon trade in the domestic market on Monday as traders widened their bets tracking a firm trend at global markets. Silver rallied as speculative position created by participants driven by firm global trend as the dollar weakened and the US economy grew less-than-expected in the second quarter boosting demand for the precious metals as a store of value supported the prices of white metal at the futures trade.

ECONOMY NEWS :

  • Prime Minister Theresa May will on Tuesday outline her bid to reshape the British economy for a post-Brexit world, reviving the once unfashionable concept of industrial policy 30 years after Margaret Thatcher killed it off. May will chair the first meeting of the “Cabinet Committee on Economy and Industrial Strategy” in her Downing Street Offices, bringing together the heads of 11 other ministries to set out her vision for a state-boosted industrial renaissance.
  • Banks tightened lending standards for commercial and industrial loans in the second quarter, according to a survey of loan officers released on Monday by the Federal Reserve.At the same time, lending standards to households were little changed overall compared to the previous quarter.Most banks said their reasons for more stringent standards in lending to businesses were “a less favorable or more uncertain economic outlook, worsening of industry-specific problems, and reduced tolerance for risk,” the survey said.
  • Japanese Prime Minister Shinzo Abe’s cabinet is set to approve on Tuesday 13.5 trillion yen ($132.04 billion) in fiscal steps as part of efforts to revive the flagging economy with cash payouts to low-income earners and infrastructure spending. The package is expected to include 7.5 trillion yen in spending by the national and local governments, and earmarks 6 trillion yen from the Fiscal Investment and Loan Programme, which is not included in the government’s general budget.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1350.2 TARGET 1355.2 1361.2 SL BELOW 1345.2
  • SELL GOLD BELOW 1346.5 TARGET 1341.5 1335.5 SL ABOVE 1351.5

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

2Aug
Forex Signals

IForex Market Trading Signals and News – 02 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD edges lower on weak U.K. PMI report
  • Forex – Aussie holds steady, kiwi edges higher in late trade
  • Forex – Aussie retraces earlier losses as China PMIs diverge

EUR/USD
EUR/USD is currently trading with a bearish bias. During the previous trading day on 29th July 2016, the pair traded perfectly long as previously forecasted and even hit our target resistance level 1.1185. We expect this level to mark the end of the five wave cycle with wave (5) ending at 1.1185-1.1188. Any bearish rebound from this level will signal the unfolding of a corrective three wave cycle to the lower side while a break above it will lead to a possible bullish price rally towards 1.1386. This pair should be traded alongside EUR/HKD, EUR/SGD, GBP/USD, AUD/USD, and NZD/USD. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

GBP/USD
The pound edged lower against the U.S. dollar on Monday, after the contraction in U.K. manufacturing activity in July was confirmed to be worse that initially estimated, fueling further concerns over the outlook for growth in Britain.GBP/USD hit 1.3201 during European morning trade, the session low; the pair subsequently consolidated at 1.3208, slipping 0.14%. Cable was likely to find support at 1.3070, the low of July 27 and resistance at 1.3305, the high of July 29.Research group Markit said its U.K. manufacturing purchasing managers’ index fell to 48.2 last month from a reading of 52.1 in June.It was the lowest level since early 2013 and worse than a preliminary report released on July 22 that had shown a drop to 49.1 in July.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3310 TGT 1.3340 1.3370 SL 1.3280
  • SELL GBP/USD BELOW 1.3100 TGT 1.3080 1.3050 SL 1.3130

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

2Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 02 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 20.94 points or 0.73% higher to 2889.63, taking the year-to-date performance to +0.24%.
  • The top active stocks today were Singtel, which gained closed unchanged, DBS, which declined 0.32%, UOB, which gained 0.50%, OCBC Bank, which gained 0.70% and CapitaLand, with a 2.52% advance.
  • The FTSE ST Mid Cap Index gained 0.31%, while the FTSE ST Small Cap Index declined 0.53%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 1.61%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings- ended 0.36% higher and 1.59% higher respectively.
  • The under performing sector was the FTSE ST Industrials Index, which slipped 0.87%. Jardine Matheson Holdings shares declined 2.53% and Jardine Strategic Holdings ended 0.26% higher.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (unchanged) ,IS MSCI India (-4.40%) ,SPDR Gold Shares (+1.29%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.86%) ,CapitaLand Mall Trust (+0.47%) ,CapitaLand Commercial Trust (+1.33%).
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+7.84%) ,HSI21200MBePW160830 (-30.14%) ,HSI22400UBeCW161028 (+16.00%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-7.14%) ,OCBC Bk MBeCW170118 (+2.33%) ,UOB MB eCW161031 (+1.56%).

STOCK RECOMMENDATION :

  • BUY PARKSON RETAIL ABOVE 0.160 TARGET 0.165 0.172 SL 0.155

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

1Aug

Comex Trading Signals and Market News – 01 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Natural Gas futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the energy commodity tracking weakness overseas where prices fell on profit taking after a stellar rally in the previous session.The fuel had rallied 8 per cent in the international market on Thursday after a smaller than expected build in US storage levels signaled a pickup in demand for the fuel in the world’s biggest gas consuming nation.
  • Gold prices held steady at three-week highs on Friday, as the Bank of Japan’s stimulus measures disappointed market expectations and as the Federal Reserve’s decision to leave its monetary policy unchanged continued to support. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were little changed at $1,341.75.The August contract ended Thursday’s session 0.50% higher at $1,341.20 an ounce.
  • U.S. oil futures fell to fresh three-month lows on Friday, as concerns over a global glut of oil and refined products continued to dominate sentiment.U.S. crude futures for September delivery dropped 0.80% to a three-month low of $40.83 a barrel. On the ICE Futures Exchange in London, the October Brent contract tumbled 0.99% to $42.80 a barrel, the lowest since April.

ECONOMY NEWS :

  • The euro zone’s biggest banks would fare better in case of stress than two years ago as they have amassed capital and made headway in fixing their balance sheets, the European Central Bank said on Friday after a stress test of the bloc’s 37 biggest banks.The banks entered the test with an average Common Equity Tier 1 capital ratio of 13 percent, above the 11.2 percent two years ago, and would still hold a 9.1 percent capital ratio in case of an adverse scenario, above the 8.6 percent seen in 2014, the ECB said.
  • Dallas Federal Reserve Bank President Robert Kaplan said on Friday that the U.S. economy is making slow progress toward meeting the central bank’s objectives.”I’d say we are making slow but … sluggish progress to meeting our objectives,” Kaplan told a community bankers association in New Mexico.The Fed has a dual mandate of full employment and an inflation target of 2 percent.
  • Italian bank Monte dei Paschi di Siena has secured underwriters to back a turnaround plan involving the sale of 9.2 billion euros ($10.3 billion) in bad loans and a 5 billion euros capital increase, the lender said in a statement on Friday. The country’s third-largest lender said it had signed a pre-underwriting agreement with a consortium of Italian and international banks for the capital raising, and that a state-backed banking bailout fund, Atlante, had agreed to underwrite the sale of a portion of the bank’s riskier bad debts.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1355 TARGET 1360 1366 SL BELOW 1350
  • SELL GOLD BELOW 1351 TARGET 1346 1340 SL ABOVE 1356

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

1Aug
forex-market-hours

IForex Market Trading Signals and News – 01 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – EUR/USD gains some ground after E.Z. inflation report
  • Forex – GBP/USD edges higher on upbeat U.K. data
  • Forex – USD/JPY tumbles over 1% after BoJ stimulus disappoints

EUR/USD
The euro gained some ground against the U.S. dollar on Friday, after the release of positive euro zone inflation data and as the Federal Reserve’s inaction at its latest policy meeting continued to dampen demand for the greenback.EUR/USD 1.1103 during late European morning trade, the session high; the pair subsequently consolidated at 1.1096, up 0.17%. The pair was likely to find support at 1.1046, Thursday’s low and resistance at 1.1150, the high of July 15.In a preliminary report, Eurostat said on Friday that the euro zone’s consumer price index rose at an annualized rate of 0.2% in July, exceeding expectations for a 0.1% uptick and after a 0.1% gain the previous month.Core CPI, which excludes food, energy, alcohol and tobacco, increased by 0.9% last month, year-on-year, in line with expectations.

GBP/USD
The pound edged higher against the U.S. dollar on Friday, supported by the release of upbeat U.K. data and as the Federal Reserve’s decision this week to leave its monetary policy unchanged continued to weigh on the greenback.GBP/USD hit 1.3214 during European morning trade, the session high; the pair subsequently consolidated at 1.3188, adding 0.19%. Cable was likely to find support at 1.3055, the low of July 26 and resistance at 1.3293, th high of July 22. The Bank of England reported on Friday that net lending to individuals rose to £5.2 billion in June from £4.5 billion inMay, whose figure was upwardly revised from a previously estimated £4.3 billion.Analysts had expected net lending to individuals to rise to hit £4.2 billion last month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3200 TARGET1.3220 1.3250 SL 1.3170
  • SELL GBP/USD BELOW 1.3165 TARGET 1.3145 1.3115 SL 1.3135

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

1Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 01 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 49.93 points or 1.71% lower to 2868.69, taking the year-to-date performance to – 0.49%.
  • The top active stocks today were DBS, which declined 2.96%, Singtel, which declined 2.56%, UOB, which declined 2.67%, OCBC Bank, which declined 2.27% and Ascendas REIT, with a 3.16% fall.
  • The FTSE ST Mid Cap Index declined 0.92%, while the FTSE ST Small Cap Index declined 0.59%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.22%
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings – remained unchanged and ended 0.80% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.43%. Singtel shares declined 2.56% and StarHub declined 0.76%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : iShares USD Asia Bond ETF (+0.09%) ,ORD ETF (-2.70%) ,IS MSCI India (+6.48%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-3.16%), CapitaLand Monkeys (unchanged) ,Mapletree Com Trust (+1.60%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (-15.00%), HSI22400UBeCW161028 (-24.24%) ,HSI22200MBeCW160929 (-19.18%)
  • The most active stock warrants by value today were : TQH MB eCW161031 (-26.32%), UOB MB eCW161031 (-18.99%), DBS MB ePW161003 (+34.78%).

STOCK RECOMMENDATION :

  • BUY DUTECH ABOVE 0.460 TGT 0.480 0.500 SL 0.440

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

29Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 July 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 23.88 points or 0.81% lower to 2917.61, taking the year-to-date performance to +1.21%.
  • The top active stocks today were DBS, which declined 2.34%, Singtel, which declined 0.46%, UOB, which declined 1.27%, OCBC Bank, which declined 0.57% and Wilmar Intl, with a close unchanged.
  • The FTSE ST Mid Cap Index gained 0.04%, while the FTSE ST Small Cap Index declined 0.88%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.09%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings- ended 0.70% lower and 0.53% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.25%. Keppel Corp shares declined 1.66% and Sembcorp Industries declined 2.73%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT S&P/ASX 200 ETF (unchanged) ,SPDR Gold Shares (+1.68%) ,STI ETF (-0.67%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.39%),CapitaLand Mall Trust (-0.47%) ,Mapletree Com Trust (+1.63%)
  • The most active index warrants by value today were : HSI22400UBeCW161028 (-5.04%) ,HSI23800UBeCW161229 (-6.25%) ,HSI21200MBePW160830 (-3.28%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-19.15%) ,UOB MB eCW161130 (-12.70%) ,OCBC Bk MB ePW161227 (+5.17%).

STOCK RECOMMENDATION :

  • BUY CITYNEON ABOVE 0.955 TGT 0.9995 1.020 SL 0.905

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

29Jul

Comex Trading Signals and Market News – 29 July 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed,filling inventories, and economic growth prospects darkened.Brent crude oil (LCOc1) was down 50 cents at $42.97 a barrel by 1010 GMT, after touching $42.88, its lowest since April 20. U.S. light crude (CLc1) was down 20 cents at $41.72.U.S. government data on Wednesday revealed a surprise rise in crude and gasoline inventories.
  • Gold prices added to overnights gains in European trade on Thursday, after the Federal Reserve gave no indication whether it would raise rates at its next meeting in September.Gold for December delivery on the Comex division of the New York Mercantile Exchange climbed to a session high of $1,348.70 a troy ounce. It last traded at $1,347.15 by 06:58GMT, or 2:58AM ET, up $12.65, or 0.95%.
  • Lead futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators trimmed their bets in the industrial metal amid decline in physical demand for lead from battery-makers in the domestic spot market.Further decrease in demand from battery makers in the spot market influenced lead prices at futures trade.

ECONOMY NEWS :

  • The U.S. watchdog for consumer finances unveiled on Thursday a proposal to toughen regulation of the multibillion-dollar debt collection industry, with a focus on keeping agencies from pushing people to pay debts they do not owe, informing borrowers of their rights and cutting down on calls to debtors.Both the industry and consumer advocates expressed disappointment with the proposal. The business side worried about the costs of complying with the suggested requirements, which they warned could be passed on to borrowers or force some of the thousands of small collection firms to shutter. Those pushing for consumer rights said the proposal left major holes in borrower protections and did not go far enough.
  • Excessively low European Central Bank interest rates over a long period could do more harm than good but current rates are safely above such a level, ECB Executive Board Member Benoit Coeure said on Thursday.”The current conditions of financial intermediation suggest, however, that the economic lower bound is safely below the current level of the deposit facility rate and that the impact of negative rates, combined with the asset purchase program and forward guidance, has clearly been net positive,” he said.
  • The Bank of Japan, under pressure from the government, is considering specific steps for expanding monetary stimulus on Friday to address signs of weakness in inflation, people familiar with the central bank’s thinking said.By timing its action with the government’s big fiscal spending package, the bank would aim to maximize the boost of its measures on the world’s third-biggest economy, which is struggling to escape decades of deflation, the sources said.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1343 TARGET 1348 1354 SL BELOW 1338
  • SELL GOLD BELOW 1339 TARGET 1334 1328 SL ABOVE 1344

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

29Jul
forex-trading3

IForex Market Trading Signals and News – 29 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Euro rises to 2-week highs vs. dollar
  • Forex – Aussie, kiwi rise after Fed leaves policy unchanged
  • Forex – Yen gains in Asia after FOMC holds pat as expected, BoJ eyed

EUR/USD
The euro rose to two-week highs against the U.S. dollar on Thursday, after the release of upbeat data from Spain and Germany, while the Federal Reserve’s most recent policy statement weighed on the greenback.EUR/USD hit 1.1119 during European morning trade, the pair’s highest since Ju;y 15; the pair subsequently consolidated at 1.1110, gaining 0.46%. The pair was likely to find support at 1.1035, the low of July 18 and resistance at 1.1150, the high of July 15.Data earlier showed that the number of unemployed people in Germany declined by 7,000 in July, compared to expectations for a 3,000 drop and after a 6,000 slide the previous month.Germany’s unemployment rate remained unchanged at 6.1% this month, in line with expectations.

GBP/USD
GBP/USD is currently trading with a slight bearish bias. Yesterday, the pair traded perfectly long as previously forecasted and even hit a key resistance level 1.3221. Although we expect further momentum to the upper side, we will only go long upon a clear breakout above 1.3221. A clear rebound from this level will lead to a possible bearish reversal towards 1.29053. This pair should be traded alongside GBP/NZD, GBP/JPY, GBP/CHF, and GBP/CAD. These pairs have a  similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3200 TARGET1.3220 1.3250 SL 1.3170
  • SELL GBP/USD BELOW 1.3165 TARGET 1.3145 1.3115 SL 1.3135

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

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