27Apr
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4.41 points or 0.15% lower to 2895.87, taking the year-to-date performance to +0.46%.
  • The top active stocks today were SingTel, which gained 1.03%, DBS, which declined 0.13%, OCBC Bank, which declined 2.37%, UOB, which declined 0.67% and Keppel Corp, with a 0.90% fall.
  • The FTSE ST Mid Cap Index declined 0.39%, while the FTSE ST Small Cap Index rose 0.08%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.56%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended 3.64% higher and ended unchanged respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.60%. Silverlake Axis shares declined 1.72% and CSE Global declined 2.25%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.35%), IS MSCI India 100 (+1.96%), DBXT MSCI Indonesia ETF 10 (-1.77%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+2.39%), Ascendas REIT (+1.22%), Capitacom Trust (-0.69%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (unchanged), HSI21000MBePW160530 (-7.41%), HSI20000MBePW160629 (-9.46%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (+3.92%), OCBC Bk MB eCW161003 (+1.37%), UOB MB eCW160704 (-3.57%)

STOCK RECOMMENDATION :

  • BUY KEPPEL REIT ABOVE 1.045 TGT 1.085 1.120 SL 0.995

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

26Apr

Comex Trading Signals and Market News – 26 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices slipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets.Front-month Brent crude was trading at $44.60 per barrel at 0934 GMT, down 51 cents from its last settlement.U.S. West Texas Intermediate (WTI) futures were down 63 cents at $43.10 a barrel.
  • Gold prices ticked higher on Monday as the dollar slid lower, but gains were held in check ahead of the Federal Reserve’s policy meeting later in the week.Gold futures for June delivery were at $1,232.8 an ounce at 0941 GMT, up 0.23% from their last settlement.The dollar rose to three-week highs against the yen over-night, but later reversed gains ahead of meeting of the U.S. and Japanese central banks later this week.
  • Copper futures is slightly down by 0.52 per cent due to subdued demand in the domestic stock market. Further the drop of the Shanghai Composite Index by 0.8 percent lead to widespread concern over the economy of world’s biggest copper consumer dimming the demand prospect of copper.

ECONOMY NEWS :

  • Japan’s leading index that reflects the future economic activity, dropped to 96.8 from 101.2 in January, final data from the Cabinet Office showed Monday. This was the lowest since February 2010, when the score was 96.0. The flash score for February 2016 was 99.8. At the same time, the coincident index came in at 110.7 in February, down from 112.3 in January. Nonetheless, it was above the preliminary reading of 110.3. The indicator measures the current economic situation.
  • Japan’s government might issue spending vouchers and promote national discount-sales events similar to Black Friday in the United States to boost its lackluster consumer spending and accelerate gross domestic product growth. The government could decide the details as soon as next month as it finalizes the policies for its annual growth strategy, which could potentially help the Bank of Japan in its struggle to accelerate inflation.
  • The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems.SWIFT, a cooperative owned by 3,000 financial institutions, confirmed to Reuters that it was aware of malware targeting its client software. Its spokeswoman Natasha Deteran said SWIFT would release on Monday a software update to thwart the malware, along with a special warning for financial institutions to scrutinize their security procedures.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1237 TGT 1242 1248 SL BELOW 1231
  • SELL GOLD BELOW 1227 TGT 1222 1216 SL ABOVE 1233

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

26Apr
forex-trading3

IForex Market Trading Signals and News – 26 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar lower ahead of Fed meeting, sterling reverses gains
  • Forex – Aussie holds steady, kiwi edges higher vs. greenback
  • Forex- Yen recovers, data shows outright swing against dollar

EUR/USD
EUR/USD rose modestly on Monday, halting a four-day losing streak, as currency traders continued to await the start of the Federal Open Market Committee’s two-day April meeting. The currency pair traded between 1.1263 and 1.1274 before settling at 1.1267, up 0.0036 or 0.31% on the session. Over the last month, the euro is relatively flat against the dollar, up by approximately 0.85%. More broadly, the euro has surged roughly 3% versus its American counterpart since the start of the year.EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.

GBP/USD
GBP/USD stabilized after rallying rallying earlier from 1.4400 to 1.4520. It reached the strongest level in two months and then pulled back modestly. During the last hours, it has been trading in a small range between 1.4505 and 1.4480, consolidating daily gains. The pound continues to be among the top performers in the currency market during April, supported by a recovery in the polls of the “stay” position in the Brexit referendum. Uncertainty remains highs about the outcome of the June vote. “The GBP/USD retreated from 1.4520 high, but holds around the 1.4500 figure, maintaining a positive technical tone, as in the 4 hours chart, the price is well above a bullish 20 SMA, whilst the Momentum indicator continues heading north well above its 100 level and the RSI indicator consolidates around 70”,.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4460 TARGET 1.44801.4510 SL 1.4430
  • SELL GBP/USD BELOW 1.4420 TARGET 1.4400 1.4370 SL 1.4450

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

26Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 40.15 points or 1.37% lower to 2900.28, taking the year-to-date performance to +0.61%.
  • The top active stocks today were SingTel, which declined 2.02%, DBS, which declined 0.70%, UOB, which declined 0.66%, Keppel Corp, which declined 2.63% and OCBC Bank, with a 1.17% fall.
  • The FTSE ST Mid Cap Index declined 1.04%, while the FTSE ST Small Cap Index declined 0.68%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.03%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.02% higher and 2.04% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.75%. Keppel Corp shares declined 2.63% and Sembcorp Industries declined 2.67%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.16%), STI ETF (-1.36%), IS MSCI India 100 (-1.48%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.60%), Capitamall Trust (+0.48%), Capitacom Trust (-1.35%)
  • The most active index warrants by value today were : HSI21000MBePW160530 (+10.20%), HSI21400MBeCW160530 (-17.80%), HSI20000MBePW160629 (+7.25%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-13.56%), UOB MB eCW160704 (-17.65%), UOB MB eCW160705 (-13.93%)

STOCK RECOMMENDATION :

  • BUY IMPERIUM CROWN ABOVE 0.075 TGT 0.078 0.080 SL 0.071

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

25Apr

Comex Trading Signals and Market News – 25 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices rose on Friday towards $45 a barrel, heading for a third straight week of gains as market sentiment turned more upbeat despite persistent oversupply.Traders said sentiment in the entire commodity complex had turned more confident despite the glut, with new cash being put into the market by investors, lifting prices.
  • Gold prices slipped lower in European morning hours on Friday, as a stronger U.S. dollar and rising oil prices dampened demand for the safe-haven asset.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were down 0.29% at $1,246.60. The June contract ended Thursday’s session 0.33% lower at $1,250.30 an ounce.
  • Copper prices rose by 0.35 per cent on Friday after Germany’s manufacturing PMI rose more-than-expected last month signaling improving manufacturing activity in the region which raised the demand outlook for the metal. In a report Markit Economics said that German manufacturing PMI rose to a seasonally adjusted 51.9 from 50.7 in the preceding month.

ECONOMY NEWS :

  • The European Union should protect its steel industry which is loosing its competitive edge in the face of cheaper Chinese products, German Economy Minister Sigmar Gabriel said on Friday.Half of Germany’s steel workers poured onto the country’s streets last week to protest against the dumping of Chinese steel, EU climate regulations and industry consolidation they fear will cost them their jobs. market competition is not a one-way street.
  • Unlike his parents who rented their whole life, Berlin resident Sebastian lives in his own apartment and is considering buying a second property in the German capital as an investment to top up his pension one day.For decades a nation largely of tenants and prudent savers, growing numbers of Germans are buying property, not just to own their homes but also in search of investment returns they can no longer earn on their bank savings.
  • Australia’s southeastern state of Victoria, home to the city of Melbourne, will more than double property taxes for foreign buyers and treble royalties from coal, the government has announced. The hike in stamp duty on residential properties purchased by foreigners appears to run counter to a warning earlier in the month from the central bank that recent rapid rises in property prices could stall if international demand, particularly from China, slipped.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
  • SELL GOLD BELOW 1229 TARGET 1224 1218 SL 1235

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

25Apr

IForex Market Trading Signals and News – 25 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar holds steady vs. euro, advances against yen
  • Forex – Euro steadies after sinking on ECB’s Draghi comments
  • Forex- Yen sinks on report of Bank of Japan stimulus expansion

EUR/USD
The EUR/USD pair showed mixed trading yesterday affected by the ECB president press conference that followed the Euro rate decision that remained unchanged, as the price approached from the key resistance 1.1420, but it bounced downwards quickly to settle near 1.1264 support, and as long as the price is above this level, our positive overview will remain valid for the upcoming period, supported by stochastic move near the oversold areas. Therefore, we are waiting positive trading on the intraday and short term basis, and breaching 1.1420 level will ease the mission of heading towards 1.1494 followed by 1.1700 levels, noting that it is important to hold above 1.1264 and 1.1245 levels to achieve the suggested targets.

GBP/USD
The initial upside momentum in GBP/USD seems to have run out of steam near 1.4370, prompting the current correction to the 1.4350/45 band. GBP/USD weekly upside capped at 1.4440.Spot is so far recovering from two consecutive retracements after climbing as high as the area of 1.4440 on Thursday, or weekly peaks. The pair, however, is advancing for the second consecutive week with gains so far limited near 1.4430, where is located the 20-day sma, amidst alleviated fears on a ‘Brexit’ scenario and rising rumours of some sort of slowing in the UK economy.Nothing in the UK data space today, whereas Markit’s flash manufacturing PMI is only due across the pond.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4425 TARGET 1.4445 1.4475 SL 1.4395
  • SELL GBP/USD BELOW 1.4400 TARGET 1.4380 1.4350 SL 1.4430

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

25Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 20.35 points or 0.69% lower to 2940.43, taking the year-to-date performance to +2.00%.
  • The top active stocks today were SingTel, which closed unchanged, Global Logistic, which declined 1.27%, Keppel Corp, which declined 5.00%, DBS, which declined 0.38% and UOB, with a 0.71% fall.
  • The FTSE ST Mid Cap Index declined 0.10%, while the FTSE ST Small Cap Index declined 0.35%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.33%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings- ended 0.22% higher and 1.51% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.80%. Keppel Corp shares declined 5.00% and Sembcorp Industries declined 2.60%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.81%), CIMB FTSE Asean40 100 (+1.55%), Nikko AM Singapore STI ETF(unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.79%), Suntec REIT (-0.86%), Capitacom Trust (+1.02%)
  • The most active index warrants by value today were : HSI21400MBeCW160530 (-8.53%), HSI21000MBePW160530 (+5.38%), HSI20000MBePW160629 (+2.99%)
  • The most active stock warrants by value today were : OCBC Bk MB eCW161003 (-5.88%), UOB MB eCW160704 (-1.45%), DBS MB eCW160705 (-1.67%)

STOCK RECOMMENDATION :

  • BUY COSMO STEEL ABOVE 0.130 TARGET 0.134 0.140 SL 0.125

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

22Apr

Comex Trading Signals and Market News – 22 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver prices rallied to 11-month highs on Thursday and gold rose to one-and-a-half week highs as higher oil prices fed into a stronger tone across commodities.Silver futures for May delivery were at $17.43 an ounce at 1208 GMT after rising to highs of $17.62 earlier, levels not seen since May 2015.Gold futures for June delivery were up 0.65% at $1,262.4 an ounce.
  • Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-OPEC production in a generation, helping to rebalance a market dogged by oversupply.IEA chief Fatih Birol said low oil prices had cut investment by about 40 percent in the past two years, with sharp falls in the United States, Canada, Latin America and Russia.
  • Gold prices eased in Asia on Thursday with attention on the next Federal Reserve review of rates next week. On the Comex division of the New York Mercantile Exchange, gold for June delivery traded down 0.59% to $1,247.00 a troy ounce.Silver futures for May delivery dropped 0.88% to $16.985 a troy ounce, while copper futuresgained 0.18% to $2.240 a pound.

ECONOMY NEWS :

  • China added 3.18 million new urban jobs in the first quarter and kept unemployment levels broadly stable, Xinhua said on Friday, citing the social security ministry.The urban unemployment rate was 4.04 percent at the end of first quarter, flat from the end of 2015 and slightly lower than the year ago period, Xinhua said. Premier Li Keqiang said at China’s annual parliament in March that China will create 10 million new jobs and hold the urban unemployment rate below 4.5 percent in 2016.
  • Strong market performance failed to wow U.S.-based fund investors, who delivered stock funds another week of multi-billion dollar withdrawals, Lipper data showed on Thursday.Investors pulled $4.5 billion from U.S.-based stock funds during the week that ended April 20, Lipper said, despite the funds’ posting a 1 percent gain in market value over that period.
  • Japan looks increasingly likely to fire both fiscal and monetary barrels in the coming weeks to help recovery and arrest unwelcome gains in the yen, with direct currency intervention off the table after a cool reception from its U.S. ally.After the rising yen helped push exports down for a sixth month in March and deadly earthquakes hit southern Japan last week, the Bank of Japan (BOJ) is facing calls from government aides to promptly expand its money-printing stimulus.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1262 TARGET 1267 1273 SL BELOW 1257
  • SELL GOLD BELOW 1255.5 TARGET 1250.5 1244.5 SL ABOVE 1260.5

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

22Apr
forex-market-hours

IForex Market Trading Signals and News – 22 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Euro little changed before ECB meeting
  • Forex – GBP/USD edges lower on downbeat U.K. retail sales
  • Forex- Aussie edges higher, kiwi holds steady in late trade

EUR/USD
EUR/USD is almost unchanged on Thursday, following losses which marked the pair on Wednesday. In the European session, the pair is trading at the 1.13 line. On the release front, the ECB will set interest rates for April, followed by a press conference with ECB president Mario Draghi. The US will follow with two key releases – the Philly Fed Manufacturing Index and Unemployment Claims. On Friday, the Eurozone releases German and Eurozone Manufacturing PMIs.All eyes are on the ECB on Thursday, as the central bank holds its monthly policy meeting. At the March meeting, the ECB lowered the benchmark rate to a flat 0.00% and raised the asset-purchase program from EUR 60 billion to 80 billion/month.

GBP/USD
The pound edged lower against the U.S. dollar on Thursday, after the release of downbeat U.K. retail sales data dampened optimism over the strength of the British economy. GBP/USD hit 1.4305 during European morning trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.4309, slipping 0.16%.Cable was likely to find support at 1.4128, the low of April 18 and resistance at 1.4409, Wednesday’s high.The U.K. Office for National Statistics said that retail sales fell 1.3% in March, compared to the prior 0.5% drop whose figure was revised from the original 0.4% decrease. Analysts had expected retail sales to slip 0.1% last month.Year-on-year, retail sales increased 2.7%, compared to expectations for a 4.4% rise. Core retail sales, which exclude automobile sales, fell 1.6% on the month, compared to the prior 0.3% drop in February, whose figure was revised from an initial 0.2% decline.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4320-1.4325 TARGET 1.4350 1.4385 SL 1.4295
  • SELL GBP/USD AROUND 1.4390-1.4395 TARGET 1.4365 1.4340 SL 4415

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

22Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 22 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 10.83 points or 0.37% higher to 2960.78, taking the year-to-date performance to +2.71%.
  • The top active stocks today were SingTel, which gained 0.51%, DBS, which declined 0.25%, OCBC Bank, which gained 0.64%, Keppel Corp, which gained 0.17% and UOB, with a 0.30% fall.
  • The FTSE ST Mid Cap Index gained 1.10%, while the FTSE ST Small Cap Index rose 0.60%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 3.18%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 4.92% higher and 4.04% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.48%. Silverlake Axis shares declined 0.86% and CSE Global declined 2.22%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.76%), STI ETF (+0.34%), IS MSCI India 100 (-0.29%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.80%), Capitamall Trust (unchanged), Suntec REIT (+2.05%)
  • The most active index warrants by value today were : HSI21400MBeCW160530 (+26.47%), HSI20000MBePW160629 (-16.25%), HSI21000MBePW160530 (-23.14%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-10.45%), OCBC Bk MB eCW161003 (+1.19%), UOB MB eCW160704 (-8.00%)

STOCK RECOMMENDATION :

  • BUY CHINA EVERBRIGHT ABOVE 0.670 TGT 0.695 0.715 SL 0.635

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.