1Jun
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.69 points or 0.2% lower to 2791.06, taking the year-to-date performance to -3.18%.
  • The top active stocks today were HongkongLand USD, which declined 0.17%, DBS, which declined 0.32%, SingTel, which declined 0.77%, OCBC Bank, which gained 0.82% and Global Logistic, with a 0.28% fall.
  • The FTSE ST Mid Cap Index gained 0.52%, while the FTSE ST Small Cap Index rose 0.57%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 2.34%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 2.00% higher and 4.62% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.27%. Keppel Corp shares declined 1.83% and Sembcorp Industries declined 1.41%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.88%), STI ETF (unchanged), iShares USD Asia HY Bond ETF (-0.84%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.29%), Capitamall Trust (-0.49%), Capitacom Trust (-2.11%)
  • The most active index warrants by value today were : HSI22400UBeCW161028 (+17.11%), HSI20800UBeCW160629 (+27.45%), HSI21000MBeCW160629 (+9.84%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-1.01%), KepCorp MBeCW161101 (-3.80%), UOB MB eCW161031 (+1.91%).

STOCK RECOMMENDATION :

  • BUY HMI ABOVE 0.350 TGT 0.370 0.385 SL 0.330

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

31May

Comex Trading Signals and Market News – 31 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures plunged during morning trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking a bearish trend in the overseas market as a stronger dollar curbed the lure for the bullion as an alternative asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming demand.
  • Oil prices were modestly lower in quiet European trade on Monday, as a broadly stronger U.S. dollar prompted market players to lock in gains from a recent rally which took prices above the key $50-level.Both Brent and West Texas Intermediate oil futures cracked $50 late last week for the first time since October as traders eyed supply disruptions in Nigeria, France, Canada and Venezuela.
  • Gold futures fell sharply in European trade on Monday, dropping below the key $1,200-level for the first time since February as investors continued to factor in an increased chance of a near-term U.S. interest rate rise.In remarks made during an appearance at Harvard University Friday afternoon, Federal Reserve Chair Janet Yellen said a rate hike in the coming months “would be appropriate,” if the economy and labor market continue to improve.

ECONOMY NEWS :

  • German Finance Minister Wolfgang Schaeuble said on Monday that the European Central Bank’s responsibility for the entire euro zone meant the institution was not implementing the best monetary policy for Germany. He said it was necessary to recognise that “the ECB has to pursue a policy in a currency union for all 19 member states that is not the optimal monetary policy for Germany”.
  • St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be “well-prepared” for a summer interest rate hike from the Fed, although he did not specify a date for the policy move. “My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too surprising given our liftoff from December and the policy of the committee which has been to try to normalize rates slowly and gradually over time,” Bullard told a news conference after speaking at an academic conference in Seoul.
  • India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers,
    as Prime Minister Narendra Modi strives to bring the rural poor into the mainstream banking system.Unscrupulous operators have bilked savers of billions of dollars by running pyramid schemes or promoting questionable investments in everything from tree plantations to farming emus, a flightless bird.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1211 TARGET 1216 1222 SL 1206
  • SELL GOLD BELOW 1199.7 TARGET 1194.7 1188.7 SL 1204.7

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

31May

IForex Market Trading Signals and News – 31 May 2016

MARKET UPDATES :

  • Forex – Dollar rallies to 1-month highs vs. yen on rate hike view
  • Forex – Aussie, kiwi slide lower vs. broadly stronger greenback
  • Forex- Dollar holds steady at 2-month highs on Yellen remarks

EUR/USD
The EUR / USD tested the lower boundary of the rising channel; you can see a rebound there. The RSI on the four-hour chart rebounded from the support level, indicating the growth of the European currency. Thus, the forecast EUR / USD on 31 May 2016 provides the consolidation in the 1.1120 area and the upward movement development. There are attempts of the “bears” to break the ascending channel – the main support is in the 1.1100 area.

GBP/USD
The pound was fixed above the level of 1.46, the main purpose for the “bulls” is above the May maximums. The indicator of the RSI is in the neutral zone and is ready to resume growth to the resistance level, which indicates in favor to the quotations growing. The GBP / USD forecast for 31 May 2016 considers the strengthening of the pound, but as the referendum approached the UK’s membership in the European Union, the volatility will increase.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4590 TGT 1.4610 1.4640 SL 1.4560
  • SELL GBP/USD BELOW 1.4569 TGT 1.4549 1.4509 SL 1.4599

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

31May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 31 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.76 points or 0.21% lower to 2796.75, taking the year-to-date performance to -2.98%.
  • The top active stocks today were DBS, which gained 0.06%, SingTel, which declined 0.76%, Noble, which declined 8.20%, Global Logistic, which gained 1.40% and Genting Sing, with a 3.40% advance.
  • The FTSE ST Mid Cap Index declined 0.17%, while the FTSE ST Small Cap Index declined 0.04%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 0.69%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 0.92% higher and 0.71% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.41%. Silverlake Axis shares declined 1.98% and CSE Global remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.35%), SPDR Gold Shares (-1.32%), IS MSCI India 100 (-0.73%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (-0.49%), Capitacom Trust (+0.71%)
  • The most active index warrants by value today were : HSI20000MBePW160629 (-11.67%), HSI21000MBeCW160629 (+1.67%), HSI19600MBePW160629A (-7.90%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-1.98%), KepCorp MBeCW161101 (+3.95%), DBS MB eCW161031 (unchanged)

STOCK RECOMMENDATION :

  • BUY FEDERAL INT ABOVE 0.270 TGT 0.280 0.290 SL 0.260

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

30May

Comex Trading Signals and Market News – 30 May 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 after a bigger than expected increase in US crude stockpiles signaled a worsening supply glut. The EIA said that US crude inventories rose by 71 billion cubic feet in the week ended May 20 2016 above the 68 billion cubic feet increase expected by analysts.
  • Silver futures were trading lower during late morning trade on Friday as investors and speculators resorted to a cautious stance amid rising speculation that the US Federal Reserve will lift interest rates in June or July dimming the lure for the bullion as a store of value.St. Louis Fed President James Bullard on Thursday said that financial markets are correctly reading the chances of June rate hike adding that a tighter labour market may exert upward pressure on inflation.
  • Crude oil prices fell by 0.69 per cent on Friday as investors were worried that higher prices could reactivate shuttered crude output adding to global oversupply. Prices were also pressured by a strong greenback that was buoyed by generally positive US economic data amid growing expectations of a near-term rate hike. A stronger dollar reduced the appeal of the fuel as an alternative asset. Stronger greenback makes the fuel expensive for those holding other currencies thus reducing demand.

ECONOMY NEWS :

  • The European Central Bank’s nascent policy on working off bad bank loans may be extended to smaller lenders not directly supervised by the ECB, its chief supervisor said on Friday.The ECB is crafting new guidelines aimed at forcing banks, especially in financially stretched countries such as Italy, Greece and Portugal, to reduce the pile of soured credit sitting on their balance sheet.
  • China’s central bank condemned two recent news reports from foreign media about the country’s currency reforms    and monetary policy, the People’s Bank of China (PBOC) said on its official weibo account on Friday. The reports “fabricated facts, misled readers, misled markets,” the statement said, adding the central bank would investigate taking legal action.
  • Federal Reserve (Fed) chair Janet Yellen will make her first public appearance since the hawkish tone in the minutes from the U.S. central bank’s last policy move forced markets to recalibrate expectations for the continuation of monetary policy tightening.The minutes themselves along with a string of Fed officials insisting that the June 14-15 meeting was live pushed the odds of rate hike at the next gathering from 4% before the publication of the minutes to close to 40%. However, Fed fund futures have since backed down and placed the odds at 26% as of close of market yesterday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1223 TARGET 1228 1234 SL BELOW 1218
  • SELL GOLD BELOW 1199.7 TARGET 1194.7 1188.7 SL ABOVE 1204.7

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

30May

IForex Market Trading Signals and News – 30 May 2016

MARKET UPDATES :

  • Forex – Dollar edges higher with Yellen remarks on tap
  • Forex – Yen turns weaker in Asia as investors look ahead to Yellen views
  • Forex- Dollar holds steady vs. euro, yen ahead of Yellen speech

EUR/USD
EUR/USD is unchanged on Friday, after the pair posted small gains in the Thursday session. The pair is trading quietly slightly below the 1.12 line. On the release front, there are no Eurozone events on the schedule. The US will release two key indicators – Preliminary GDP and UoM Consumer Sentiment. As well, Fed chair Janet Yellen will deliver remarks at an event in Boston. Traders should be prepared for possible volatility from EUR/USD in the North American session. The US economy has shown mixed numbers in the first quarter, and Preliminary GDP, which can be treated viewed as an economic report card, will be closely monitored. Final GDP for the fourth quarter came in at 0.5%, shy of the estimate of 0.7%. The estimate for Preliminary GDP stands at 0.8%, and if the indicator matches or beats this reading, the US dollar could push upwards.

GBP/USD
GBP/USD is currently trading with a bullish bias. Yesterday, the pair rebounded from the resistance level 1.47068, headed short and is still pretty much bearish. We expect the current upward rally to be a mere upward pullback and should not close above 1.4729, a close above this level will lead to an acceleration towards 1.4818, while a clear rebound from 1.4706 – 1.4729 will confirm the anticipated momentum to the lower side. This pair should be traded alongside GBP/CHF, and GBP/JPY. These pairs have a strong positive correlation of up to +0.85 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4688 TGT 1.4708 1.4738 SL 1.4658
  • SELL GBP/USD BELOW 1.4640 TGT 1.4620 1.4590 SL 1.4670

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

30May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 29.2 points or 1.05% higher to 2802.51, taking the year-to-date performance to -2.78%.
  • The top active stocks today were DBS, which gained 1.44%, SingTel, which gained 1.81%, OCBC Bank, which gained 0.71%, UOB, which gained 0.89% and Global Logistic, with a 0.85% advance.
  • The FTSE ST Mid Cap Index gained 0.52%, while the FTSE ST Small Cap Index rose 0.26%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.72%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 1.81% higher and 0.86% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.07%. Midas Holdings shares remained unchanged and Geo Energy Resources remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.44%), DBXT MSCI Indonesia ETF 10 (+0.57%), IS MSCI India 100 (+2.24%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (+0.49%), Capitacom Trust (-0.35%)
  • The most active index warrants by value today were : HSI19600MBePW160629A (-14.61%), HSI20200MBeCW160629A (+18.69%), HSI19400UBePW160929 (-4.52%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+13.68%), UOB MB eCW161031 (unchanged), DBS MB eCW161031 (unchanged)

STOCK RECOMMENDATION :

  • BUY TUAN SING ABOVE 0.290 TGT 0.305 0.320 SL 0.275

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

27May

Comex Trading Signals and Market News – 27 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were higher in European trade on Thursday, after falling to a seven-week low overnight as investors continued to factor in an increased chance of a near-term U.S. interest rate rise.Odds of a Fed rate hike for June stood at nearly 32% Thursday morning, according to futures markets. July odds were at about 60%.
  • Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing.Oil prices have rallied in recent weeks as a string of outages, due in part to wildfires in Canada and unrest in Nigeria and Libya, knocked out nearly 4 million barrels per day of production.
  • Crude oil prices rose by 1.17 per cent on Thursday boosted after US government figures showed a sharper-than-expected draw down in crude stocks last week.US crude stocks fell 4.2 million barrels to 537.1 million in the week to May 20 the steepest weekly drop in seven weeks the US Department of Energy’s Energy Information Administration said on Wednesday.

ECONOMY NEWS :

  • U.S. labor markets are relatively tight and may put upward pressure on inflation, St. Louis Federal Reserve President James Bullard said on Thursday.”By nearly any metric, U.S. labor markets are at or beyond full employment,” Bullard said in an OMFIF lecture in Singapore.”In short, labor markets are relatively tight,” he said. “This may put upward pressure on inflation going forward.”
  • China will push anti-corruption cooperation when it hosts this year’s G20 summit, Foreign Minister Wang Yi said on Thursday, after it suspended an international anti-corruption task force because domestic companies declined to participate.China suspended the task force, which had been drawing up G20 policies for increasing transparency of offshore financial structures, this year after taking over the G20 presidency, according to sources, who called it a setback to global efforts to crack down on shell companies.
  • The European Central Bank plans an in-depth review of how banks are coping with ultra-low interest rates and aims to establish a more consistent approach to supervising banks with high levels of bad loans, a top ECB regulator said on Thursday.”We plan in-depth reviews of the drivers of banks’ profitability at firm level and across business models,” ECB bank supervision board member Ignazio Angeloni said in a speech.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1231.5 TARGET 1236.5 1242.5 SL 1226.5
  • SELL GOLD BELOW 1225.3 TARGET 1220.3 1214.3 SL 1230.3

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

27May
Forex Signals

IForex Market Trading Signals and News – 27 May 2016

MARKET UPDATES :

  • Forex – Dollar slips lower but remains broadly supported
  • Forex – Sterling edges lower after U.K. growth figures
  • Forex- Yen moves higher as Yellen speech eyed

EUR/USD
EUR/USD rose moderately on Thursday, extending slight gains from the previous session, as foreign exchange traders awaited comments from Janet Yellen for possible signs of whether the Federal Reserve could tighten its monetary policy cycle next while the European Central Bank maintains an unorthodox negative interest rate policy. The currency pair traded between 1.1155 and 1.1217, before settling at 1.1193, up 0.0038 or 0.34% for the session. Despite the brief gains over the last two sessions, the euro is still in the midst of one of its driest spells on the calendar year. Since hitting nine-months in early-May, EUR/USD has fallen considerably by nearly 3%.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1434, the high from May 12.

GBP/USD
The pound edged lower on Thursday after data confirming that the British economy grew 0.4% in the first three months of this year, but business investment unexpectedly fell ahead of the European Union referendum.GBP/USD was last at 1.4687, down from around 1.4722 ahead of the data.The Office of National Statistics said gross domestic product growth slowed to 0.4% in the three months to March, in line with the preliminary esti- mate, from 0.6% in the previous quarter.The annual rate of growth was revised down to 2.0% from 2.1% initially, the ONS said.The report showed that business investment fell during the quarter for the first time in three years amid uncertainty over an upcoming referendum on Britain’s EU membership.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4739 TGT 1.4759 1.4789 SL 1.4709
  • SELL GBP/USD BELOW 1.4677 TGT 1.4657 1.4627 SL 1.4707

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

27May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 27 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.43 points or 0.6% higher to 2766.66, taking the year-to-date performance to -4.03%.
  • The top active stocks today were SingTel, which gained 0.26%, DBS, which gained 0.99%, Global Logistic, which gained 0.85%, OCBC Bank, which gained 0.83% and UOB, with a 0.67% advance.
  • The FTSE ST Mid Cap Index gained 0.16%, while the FTSE ST Small Cap Index declined 0.17%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 1.02%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings – ended 1.10% higher and 0.51% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.89%. Silverlake Axis shares declined 0.98% and CSE Global declined 1.11%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.58%), STI ETF (+0.36%), DBXT MSCI Russia Cap 25 ETF 10 (+2.13%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.43%), Capitamall Trust (unchanged), Capitacom Trust (+1.08%)
  • The most active index warrants by value today were : HSI18800MBePW160629 (-35.62%), HSI21000MBeCW160629 (+57.14%), HSC8400UBeCW160629 (+33.33%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+11.77%), OCBC Bk MB eCW161003 (+6.25%), UOB MB eCW160705 (-6.06%)

STOCK RECOMMENDATION :

  • BUY OTTO MARINE ABOVE 0.230 TGT 0.245 0.0.260 SL 0.215

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

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