19Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 19 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 6.11 points or 0.21% lower to 2837.24, taking the year-to-date performance to 1.58%.
  • The top active stocks today were Singtel, which declined 0.24%, DBS, which gained 0.27%, CapitaLand, which declined 1.28%, ComfortDelGro, which declined 2.07% and UOB, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.26%, while the FTSE ST Small Cap Index declined 0.25%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.15%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 1.70 % higher and unchanged respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.86%. Midas Holdings shares declined 4.17% and Geo Energy Resources gained 0.97%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:SPDR Gold Shares (+0.34%) ,STI ETF (unchanged) ,IS MSCI India (+0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were:CapitaLand Mall Trust (-1.39%) ,Ascendas REIT (unchanged) ,Mapletree Com Trust (-0.33%).
  • The most active index warrants by value today were:
    HSI23800UBeCW161229 (+9.38%) ,HSI23000MBeCW160929 (+22.55%) ,HSI22800VTeCW160929 (+17.74%)
  • The most active stock warrants by value today were:
    DBS MB eCW170201 (-0.96%) ,UOB MB eCW170201 (-2.63%) ,DBS MB ePW170201 (+2.44%).

STOCK RECOMMENDATION :

  • BUY COSCO ABOVE 0.280 TGT 0.295 0.305 SL 0.265

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

18Aug

Comex Trading Signals and Market News – 18 August 2016

INTERNATIONAL COMMODITY NEWS

  •  Oil prices were under pressure in European trade on Wednesday, falling from a five-week high as market players  awaited fresh weekly information on U.S. stockpiles of crude and refined products.The U.S. Energy Information Administration will release its weekly report on oil supplies at 10:30AM ET (14:30GMT) amid expectations for an increase of 522,000 barrels.
  • Gold prices edged lower in European trade on Wednesday, reversing overnight gains as market players looked ahead  to minutes of the Federal Reserve’s July policy meeting, which many feared could be more hawkish than the statement.Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $9.95, or 0.73%, to  trade at $1,346.95 a troy ounce by 3:05AM ET (07:05GMT), after rising $9.40, or 0.7%, on Tuesday.
  • Silver futures fell during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for silver as an alternative  asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming demand.

ECONOMY NEWS

  • South Korea’s finance minister said the country is planning to oppose all kinds of trade protectionist moves through diplomatic measures, although he did not elaborate what actions Seoul may take.Finance Minister Yoo Il-ho said in an  opening speech at a regular government meeting that the global economy faces growing risks from increasing tendencies of trade protectionism, Brexit and the U.S. presidential election campaign.
  • With the U.S. Federal Reserve perhaps edging towards a September rate increase, St. Louis Federal Reserve president  James Bullard is sticking with his view that a single move is all that is needed for a long time to come, and it does not  have to happen anytime soon.Bullard said on Wednesday he did not put much weight on whether the central bank acts in September or even at all this year, given that he now thinks a single hike is all that is needed to maintain unemployment and inflation rates near the Fed’s target levels.
  • Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some  see a need to tighten policy soon, according to the minutes from the U.S. central bank’s July 26-27 policy meeting.The  minutes, which were released on Wednesday, showed that members of the rate-setting Federal Open Market Committee were generally upbeat about the U.S. economic outlook and labor market.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1358 TGT 1363 1368 SL 1353
  • SELL GOLD BELOW 1333 TGT 1328 1323 SL 1338

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

18Aug
index

IForex Market Trading Signals and News – 18 August 2016

INTERNATIONAL CURRENCY BUZZ

  • Forex – GBP/USD slips lower despite U.K. data
  • Forex – Aussie, kiwi move lower despite upbeat economic reports
  • Forex – Aussie down as dollar gains on Fed views, Moody’s affirms AAA.

EUR/USD

EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded perfectly long as previously forecasted and even hit our target resistance level 1.1276. The previous day’s candle chart is still pretty much bullish and may push the price further to the upper side, in
the meantime we wait for minor downward pullbacks towards 1.1222 to give us potential low risk buy opportunities. This pair should be traded alongside EUR/HKD, GBP/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 slipped lower against the U.S. dollar on Wednesday, despite the release of up beat U.K. employment data as new hopes for an upcoming rate hike by the Federal Reserve boosted demand for the greenback.GBP/USD hit 1.3011 during European morning
trade, the session low; the pair subsequently consolidated at 1.3015, shedding 0.24%.Cable was likely to find support at 1.2871, Tuesday’s low and resistance at 1.3178,the high of August 5.The U.K. Office for National Statistics said the unemployment rate remained at 4.9% in the three months to June, in line with forecasts.The claimant count fell by 8,600 in July, compared to expectations for a increase of 9,500 people, and following an advance of 900 a month earlier.

RECOMMENDATION :

  • BUY GBPUSD ABOVE 1.3140 TGT 1.3160 1.3190 SL 1.3110.
  • SELL GBPUSD BELOW 1.2985 TGT 1.2965 1.2935 SL 1.3015.

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

18Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 Aug 2016

MARKET UPDATES :

  • The top active stocks today were DBS, which declined 0.41%, Singtel, which declined 1.41%, UOB, which gained 0.06%,
  • Jardine C&C, which gained 2.21% and Ascendas REIT, with a 0.41% advance.
  • The FTSE ST Mid Cap Index declined 0.30%, while the FTSE ST Small Cap Index declined 0.15%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.36%. The two biggeststocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – both remained unchanged.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.64%. Silverlake Axis shares declined 4.07% and CSE Global remained unchanged.

  • The three most active Exchange Traded Funds (ETFs) by value today were:IS MSCI India (-0.14%) ,STI ETF (-1.03%) ,DBXT MSCI Thailand TRN ETF (-0.73%)

  • The three most active Real Estate Investment Trusts (REITs) by value were:Ascendas REIT (+0.41%) ,Mapletree Com Trust (+0.98%) ,CapitaLand Mall Trust (-0.92%)

  • The most active index warrants by value today were:HSI23800UBeCW161229(-7.25%),HSI23000MBeCW160929 (-15.70%) ,HSI22800VTeCW160929 (-10.15%)
  • The most active stock warrants by value today were: DBS MB eCW170201 (-4.59%) ,UOB MB eCW170201 (-3.80%) ,DBS MB ePW170201 (+1.65%).

STOCK RECOMMENDATION :

BUY WONG FONG IND ABOVE 0.310 TGT 0.325 0.340 SL 0.395

15Aug
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 15 Aug 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.91 points or 0.14% lower to 2865.91, taking the year-to-date performance to – 0.58%.
  • The top active stocks today were DBS, which gained 0.60%, Singtel, which declined 0.47%, OCBC Bank, which declined 0.36%, UOB, which gained 0.28% and JMH USD, with a 2.21% advance.
  • The FTSE ST Mid Cap Index gained 0.05%, while the FTSE ST Small Cap Index declined 0.09%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.93%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 1.67% higher and 1.09% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.72%. Midas Holdings shares declined 2.04% and Geo Energy Resources ended 3.74% higher.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (+1.53%) ,CIMB FTSE ASEAN 40 (+0.68%) ,iShares MSCI India (+1.53%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%) ,CapitaLand Mall Trust (-1.38%) ,Mapletree Com Trust (-0.33%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+9.17%) ,HSI22800VTeCW160929 (+12.93%) ,HSI23000MBeCW160929 (+13.54%)
  • The most active stock warrants by value today were : DBS MB eCW170201 (+3.92%) ,DBS VT eCW161212 (+3.77%) ,DBS MB ePW161201 (-3.70%).

STOCK RECOMMENDATION :

  • BUY SWING MEDIA TECH ABOVE 0.700 TGT 0.735 0.750 SL 0.665

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

12Aug
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.75 points or 0.20% lower to 2869.82, taking the year-to-date performance to – 0.45%.
  • The top active stocks today were Singtel, which gained 1.67%, UOB, which declined 1.00%, DBS, which declined 0.20%, OCBC Bank, which declined 0.24% and Sembcorp Marine, with a 5.39% advance.
  • The FTSE ST Mid Cap Index gained 0.09%, while the FTSE ST Small Cap Index rose 0.46%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 2.01%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources – ended 4.26% higher and 1.91% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which slipped 0.92%. Hongkong Land Holdings shares declined 1.21% and Global Logistic Properties declined 0.76%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (unchanged) ,SPDR Gold Shares (-0.61%) ,DBXT FTSE Vietnam ETF (+1.71%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%) ,CapitaLand Mall Trust (unchanged) ,CapitaLand Commercial Trust (unchanged)
  • The most active index warrants by value today were : HSI22800VTeCW160929 (+10.48%) ,HSI23800UBeCW161229 (+6.20%) ,HSI23000MBeCW160929 (+7.87%)
  • The most active stock warrants by value today were : DBS MB eCW170201 (+2.00%) ,UOB MB eCW170201 (-8.43%) ,DBS MB ePW170201 (-1.49%).

STOCK RECOMMENDATION :

  • BUY YUUZOO ABOVE 0.165 TGT 0.180 0.190 SL 0.155

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

11Aug
forex-trading3

IForex Market Trading Signals and News – 11 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Aussie and kiwi gain ground, eyes on RBNZ meeting
  • Forex – Aussie, yen hold gains in Asia on machinery orders, sentiment
  • Forex – Yen, Aussie rebound in Asia on machinery orders, consumer views

EUR/USD
EUR/USD is currently trading with a declining Bullish bias. Yesterday, the pair rebounded from a key support level 1.1073, headed perfectly long as previously forecasted but is currently finding it hard to break above a key supply zone 1.1147-1.1157. We expect a possible bearish rebound from this zone to go short while a clear breakout above 1.1157 may invalidate the anticipated downward rally. This pair should be traded alongside EUR/HKD, GBP/USD, NZD/USD and AUD/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action duing this intraday.

GBP/USD
GBP/USD is currently trading with slight bearish bias. Earlier today, the pair found a key support around 1.2997, headed long but is yet to reach our target resistance level 1.3099. We expect to continue long up to 1.3099 or even higher to 1.3228. However, as long as the current descending channel protects the upper side, we expect a continuation of the downward rally that began on Thursday the previous week. This pair should be traded alongside GBP/CHF, GBP/JPY, GBP/CAD and GBP/AUD. These pairs have a strong positive correlation of up to +0.86 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3095 TGT 1.3115 1.3145 SL 1.3065
  • SELL GBP/USD BELOW 1.2970 TGT 1.2950 1.2920 SL 1.3000

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

11Aug
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4.79 points or 0.17% higher to 2875.57, taking the year-to-date performance to – 0.25%.
  • The top active stocks today were DBS, which declined 0.40%, Singtel, which gained closed unchanged, OCBC Bank, which declined 0.12%, UOB, which declined 0.06% and Ascendas REIT, which closed unchanged.
  • The FTSE ST Mid Cap Index gained 0.57%, while the FTSE ST Small Cap Index rose 0.19%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.09%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 2.61% higher and 2.20% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 0.54%. Keppel Corp shares and Sembcorp Industries remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were: DBXT MSCI Thailand TRN ETF (+1.59%) ,SPDR Gold Shares (+1.61%) ,STI ETF (+0.35%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged) ,CapitaLand Mall Trust (-0.91%) ,CapitaLand Commercial Trust (+0.64%)
  • The most active index warrants by value today were : HSI22800VTeCW160929 (-4.55%) ,HSI23800UBeCW161229 (-7.38%) ,HSI23000MBeCW160929 (-6.32%)
  • The most active stock warrants by value today were : DBS MB eCW170201 (unchanged) ,UOB VT eCW161212 (-7.27%) ,DBS VT eCW161212 (-8.62%)

STOCK RECOMMENDATION :

  • BUY WEE HUR ABOVE 0.270 TGT 0.285 0.300 SL 0.255

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

10Aug

Comex Trading Signals and Market News – 10 August 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil edged further above $45 a barrel on Tuesday as forecasts for a drop in U.S. inventories and speculation of producer action to prop up prices countered concern about a supply glut.Total U.S. crude inventories were expected to fall by 1 million barrels in weekly reports, although market intelligence firm Genscape has reported a rise of more than 307,000 barrels at the Cushing, Oklahoma U.S. crude delivery hub, traders said.
  • Gold prices slumped to a one-week low in European trade on Tuesday, amid growing expectations of a U.S. interest rate hike by the end of this year.Gold for December delivery on the Comex division of the New York Mercantile Exchange fell to a session low of $1,336.70 a troy ounce, the weakest since July 29. It was last at $1,337.15 by 06:59GMT, or 2:59AM ET, down $4.15, or 0.31%.
  • Copper futures fell during late noon trade in the domestic market on Tuesday as investors and speculators cut positions in the industrial metal as improved China inflation data dimmed the case for fresh policy easing dampening demand prospects.China’s producer prices fell 1.7 per cent year on year in July 2016 marking the smallest decline in nearly two years while consumer inflation stood at 2 per cent matching analysts’ estimates.

ECONOMY NEWS :

  • Indonesia’s President Joko Widodo is considering cutting the corporate tax rate to 17 percent from 25 percent to match Singapore’s tax rate, he was quoted as saying on the cabinet secretary’s website on Wednesday.”The thinking is simple. If Singapore’s corporate income tax is 17 percent and ours is 25 percent, everybody will go there,” Widodo told a tax amnesty roadshow on Tuesday night, according to the website.
  • Several U.S. states studied by S&P Global Ratings are ill-equipped to deal with an economic recession, hampered by the slow rebound in U.S. economic growth after the damage wrought by the Great Recession.Fiscal imbalances, slower state tax revenue growth and increased spending on social services have contributed to a challenging economic landscape, as real GDP has only increased at 2.1 percent per year since 2009, S&P said in a report issued on Tuesday.
  • U.S. household debt hit $12.29 trillion in the second quarter, up $434 billion from a year earlier as auto loans and credit card debt increased, a Federal Reserve Bank of New York survey showed on Tuesday.Some 4.8 percent of the outstanding debt was in some stage of delinquency, down from 5.6 percent from a year ago, according to the quarterly household debt and credit report.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1334 TARGET 1339 1345 SL BELOW 1329
  • SELL GOLD BELOW 1328 TARGET 1323 1317 SL ABOVE 1333

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

10Aug
forex-trading3

IForex Market Trading Signals and News – 10 August 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD falls to fresh 1-month lows on U.K. data
  • Forex – Aussie, kiwi move lower vs. broadly stronger greenback
  • Forex – Aussie down after weak NAB surveys, China prices for July

EUR/USD
EUR/USD is currently trading with a bearish bias. Yesterday, Euro dropped sharply but could not close below 1.1073. The level 1.1073 is a key short term support level and will require a bit of bearish pressure to break below. But as long as the level protects the lower side we expect a possible bullish rebound from this level to go long with an ideal target at 1.111 and 1.1159. This pair should be traded alongside AUD/USD, GBP/USD, NZD/USD and EUR/HKD. 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 fell to fresh one-month lows against the U.S. dollar on Tuesday, after the re- lease of downbeat U.K. manufacturing data added to concerns over the strength of the British economy.GBP/USD hit 1.2968 during European morning trade, the pair’s lowest since July 11; the pair subsequently consolidated at 1.2978, declining 0.47%. Cable was likely to find support at 1.2848, the low of July 11 and resistance at 1.3178, the high of August 5. The U.K. Office for National Statistics said manufacturing production decreased by 0.3% in June, worse than expectations for a decline of 0.2% and following a drop of 0.6% a month earlier that was revised down from an initial 0.5% decrease.On an annualized basis, manufacturing production rose 0.9% in June, worse than forecasts for a 1.3% increase.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3047 TGT 1.3067 1.3097 SL 1.3017
  • SELL GBP/USD BELOW 1.2960 TGT 1.2940 1.2910 SL 1.2990

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

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