12Feb

Singapore stocks continue Monday evening exchanging on higher ground; STI at 3,392.08

SINGAPORE stocks continued exchanging on Monday evening in a positive area with the Straits Times Index at 3,392.08, up 0.4 for each penny or 14.84 focuses on the day as at 1pm.

Against the benchmark’s level of 3,391.17 heading into the late morning break, the record was up hardly by 0.91 point, or 0.02 for every penny.

SGX

Around 1.17 billion offers worth S$793.2 million altogether changed hands.

Gainers dwarfed failures 219 to 172.

The most effectively exchanged counter were Allied Technologies, which rose 3 for each penny, or 0.2 Singapore penny to 6.9 Singapore pennies with 50.6 million offers exchanged; and Jiutian Chemical which was up 1.7 for every penny, or 0.1 Singapore penny to six Singapore pennies with 37.4 million offers exchanged.

Other dynamic record stocks included SGX which was down 6.6 for each penny to S$7.37; and DBS which fell 1.8 for each penny to S$27.20.

Singapore to open exchanging Indian items according to typical 

In its proceeding with affirmations to merchants, Singapore Exchange today said its whole India suite of items, including Nifty, will open and work per typical tomorrow. The SGX repeated and consoled global merchants of its Indian item exchange from tomorrow.

This comes after the Indian Exchanges on February 9 reported a choice to stop the business permitting of their records and market information with various outside trades and different business accomplices. “SGX wishes to guarantee advertise members that we will take all measures to keep up precise exchanging and clearing of SGX India value subordinates for our worldwide customers,” the Singapore bourse said in an announcement today.

“The market for our whole India suite of items including Nifty will open and work per typical on Monday, 12 February 2018. Our permit concurrence with NSE will guarantee the congruity of posting and exchanging our Nifty suite of subordinate items till August 2018 at the very least,” said SGX in the announcement.

As Asia’s driving danger administration focus and clearing house, worldwide market members depend on SGX to get to various markets and resource classes around the district, said the announcement. “We are resolved to give an industrially feasible suite of answers for our customers to deal with their portfolio hazards effectively crosswise over business sectors and time-zones,” it explained.

The SGX said it will create and dispatch new India-get to hazard administration answers for permit worldwide members in SGX India value record group of subsidiary items, to execute their speculation exercises with congruity. The subtle elements will be declared in the blink of an eye. “SGX and NSE (National Stock Exchagne) are long haul accomplices and have teamed up since 2000 to create and internationalize India’s capital markets,” focused on the announcement.

The SGX said it will work together with NSE towards answers for worldwide speculators, including creating arrangements from NSE’s International Exchange (NSE IFSC Limited) in Gujarat International Finance Tech (GIFT) city — International Financial Services Center. “The end of this permit isn’t relied upon to have any material effect on SGX’s quick budgetary outcomes. Our item improvement endeavors point by point above will bolster the conveyance of longer term monetary outcomes,” said the trade.

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9Feb

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

Comex Gold Signal

Comex Gold Signal

9feb2

9feb4

INTERNATIONAL COMEX NEWS

  • Gold prices bounced off a one-month low on Thursday, as the U.S. dollar retreated despite the release of upbeat jobless claims data and news the U.S. government averted a shutdown. Comex gold futures were up 0.17% at $1,316.70 a troy ounce by 08:55 a.m. ET (12:55 GMT), off a one-month trough of $1,309.20 hit earlier in the day. The U.S. Department of Labor reported on Thursday that the number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years.
  • Environmental activists in California on Thursday plan to protest a Trump Administration proposal to vastly increase offshore oil drilling in the United States. The protest was planned to immediately precede a public meeting by the U.S. Interior Department’s Bureau of Ocean Energy Management in Sacramento, where officials will be available to talk with members of the public about the proposed drilling expansion and help them submit public comments.
  • The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. fell by 119 billion cubic feet in the week ended February 2, while analysts had forecast a decline of 116 billion. That compared with a draw of 99 billion cubic feet (bcf) in the preceding week and represented a decline of 503 billion from a year earlier and was also 393 bcf below the five-year average. Total U.S.

ECONOMY NEWS

  • Minneapolis Federal Reserve Bank President Neel Kashkari told a town hall in Pierre, South Dakota that he does not think the Federal Reserve should raise interest rates unless wages and inflation start to take off, and that the U.S. economy is a “long way” from that. With wage growth slow and inflation below the Fed’s 2-percent target, “Why cool the economy down?” asked Kashkari on Thursday.
  • The U.S. Senate and House of Representatives were expected to vote on a proposed budget deal on Thursday that would avert another government shutdown but that has angered fiscal conservatives who complain it would lead to a $1 trillion deficit. The plan to keep the government operating and to increase spending over the next two years faced resistance from the right wing of the Republican Party, which favors less spending on government. At the same time, many liberal Democrats wanted to withhold their support as leverage to win concessions on immigration policy.
  • In the not-so-olden days of a few years ago, relatives might have sifted through stacks of documents to sort out your affairs after you died. These days, much of your presence in this world is floating around in the cloud: email, online drives, social media. Even your financial accounts are probably paperless at this point. To give your family access to your accounts after you die, you need to do some work in advance, leaving instructions in your will for everything from access to your Face book (NASDAQ:FB) page to how to redeem your Cryptocurrency.

9feb3

8Feb
Indications of impending BoE Rate-plod to constraint GBP/USD Losses

Indications of impending BoE Rate-plod to constraint GBP/USD Losses

– Bank of England (BoE) to Keep Benchmark Interest Rate at 0.50%

The Bank of England’s (BoE) quarterly loan fee choice may affect the close term viewpoint for GBP/USD should the national bank demonstrate a more noteworthy eagerness to additionally standardize money related strategy over the coming months.

Despite the fact that the BoE is relied upon to remain on hold, the national bank is probably going to repeat that ‘further unassuming increments in Bank Rate would be justified throughout the following couple of years, keeping in mind the end goal to return swelling economically to the objective.’ accordingly, the new updates leaving the BoE may check the current shortcoming in the pound-dollar conversion standard if the national bank gets ready U.K. family units and organizations for a fast approaching rate-climb.

Be that as it may, the MPC will take after a comparative way to 2017 as authorities caution ‘any future increments in Bank Rate were required to be at a progressive pace and to a constrained degree,’ and business as usual from Governor Mark Carney and Co. may fuel the current decrease in GBP/USD as the national bank has all the earmarks of being on course to actualize one rate-climb every year.

Indications of impending BoE Rate-plod to constraint GBP/USD Losses
The Bank of England (BoE) voted collectively to hold the present approach in the wake of conveying a 25bp climb in November, and it appears as if the national bank stays in no hurry to execute higher acquiring costs as authorities ‘kept on judging that expansion was probably going to be near its pinnacle, and would decay towards the 2% focus in the medium term.’ It appears just as the Monetary Policy (MPC) will adhere to the sidelines for years to come as ‘improvements in regards to the United Kingdom’s withdrawal from the European Union – and specifically the response of families, organizations and resource costs to them – had remained the most huge impact on, and wellspring of vulnerability about, the financial standpoint.’

The British Pound attempted to hold its ground as the BoE supported a keep a watch out approach for financial strategy, with GBP/USD pulling once again from the 1.3450 area to end the day at 1.3429. New to exchanging? Audit the ‘Qualities of a Successful Trader’ arrangement on the best way to adequately utilize use alongside other accepted procedures that any broker can take after.

Indications of impending BoE Rate-plod to constraint GBP/USD Losses

* The progress from the November-low (1.3039) seems to have run its course following the arrangement of fizzled endeavors to break/close over the 1.4310 (61.8% extension) to 1.4350 (78.6% retracement) district, while the Relative Strength Index (RSI) falls once more from overbought domain and snaps the bullish development extended from a similar period.

* May see value feature a comparative dynamic as the force marker, with a nearby beneath the 1.3830 (61.8% retracement) to 1.3870 (78.6% development) locale opening up the following drawback leap around 1.3690 (61.8% extension) to 1.3700 (38.2% development).

8Feb

Singapore and Malaysia to set up securities exchange exchanging link by end-2018

SINGAPORE – The Singapore and Malaysia securities exchanges are set to be associated by an exchanging join before the current years over which will enable financial specialists to exchange and settle partakes in the two markets in a more advantageous and cost-proficient way.

The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC Malaysia) will cooperate with the two trades to set up such a connection, both said in a joint discharge on Tuesday (Feb 6).

SGX

The reciprocal connection between the Singapore Exchange (SGX) and Bursa Malaysia (BM) will reach out past exchanging to cover post-exchange game plans, for example, the clearing and settlement of exchanged stocks, they included.

The MAS and the SC Malaysia will set up cross-outskirt supervisory and requirement game plans in front of the exchanging join.

bursa

Malaysia Prime Minister Najib Razak said at the World Capital Markets Symposium on Tuesday that the connection will give speculators on the two sides of the Causeway with less demanding and consistent access to each other’s business sectors, with a joined market capitalization of over US$1.2 trillion and 1,600 recorded organizations.

“This energizing activity will without a doubt augment venture alternatives for financial specialists and contribute towards more prominent action and liveliness in the two markets,” he said at the occasion facilitated by SC Malaysia.

MAS associate overseeing executive Lee Boon Ngiap said it will help bring down exchanging costs for financial specialists and energize more noteworthy cross-fringe interests in the stocks recorded on each other’s trades.

“This will enhance the liquidity of both our securities exchanges,” he said in an announcement. “I trust this activity will in time grow to incorporate whatever remains of the stock trades in Asean.”

Malaysian bank CIMB is energized by the capital market activities, including the share trading system exchanging join, reported on Tuesday.

“The Malaysia-Singapore Connect share exchanging activity won’t just draw in more new players to take an interest in the riches making of a sum of 1,600 recorded organizations crosswise over the two markets, yet in addition empower money related item creation and expansion,” said its gathering CEO Zafrul Aziz.

The activity takes after the continuous endeavors of the Asean Capital Markets Forum (ACMF) to extend budgetary availability over the locale’s capital markets.

Said SC Malaysia executive Seri Ranjit Ajit Singh, who is additional director of ACMF: “The foundation of this exchanging join is a critical advance towards urging Asean financial specialists to put resources into Asean. The simplicity of openness for financial specialists will contribute towards more prominent dynamic quality in our business sectors.

“Once operationalized, this pilot activity can shape the reason for the future network among Asean markets.”

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7Feb

Singapore share begin trading on high grounds on Wednesday

SINGAPORE shares continued exchanging on Wednesday in a positive area with the Straits Times Index at 3,409.05, up 2.67 focuses or 0.08 for every penny on the day as at 1.01pm.

Against the benchmark’s level of 3,418.86 heading into the noontime break, be that as it may, the record was down imperceptibly by 9.81 focuses or 0.29 for each penny. Gainers beat out washouts 300 to 126, or around seven up for each three down, with 1.4 billion offers worth S$1.1 billion exchanged.

Among the most dynamic stocks, QT Vascular increased 5.9 for each penny, or 0.1 Singapore penny, to 1.8 Singapore pennies with 65.4 million offers exchanged, while Midas Holdings rose 2 for every penny, or 0.4 Singapore penny, to 19.6 Singapore pennies with 54.8 million offers exchanged.

Dynamic list stocks included DBS Group Holdings, down 0.7 for every penny or 18 Singapore pennies at S$25.54; and Singapore Telecommunications, up 1.2 for every penny or four Singapore pennies at S$3.46.

Frasers Hospitality extends Japan portfolio

Fraser_Residence

Frasers Hospitality, an individual from Frasers Property Group, has commenced 2018 with a S$250 million ($189.7 million) speculation to build up another overhauled living residence in Tokyo’s renowned retail and diversion Ginza region, as per an official statement.

The property will be propelled under the Group’s millennial-centered lodging living arrangement mark, Capri by Fraser, and is relied upon to open around 2020. The Ginza property will supplement Fraser Suites Akasaka, which is planned to open in 2020. In an announcement, Choe Peng Sum, Chief Executive Officer, Frasers Hospitality, stated, “Tokyo is one of the world’s driving urban areas and we expect an ascent in guests in the coming a long time as it has renowned worldwide occasions, for example, the 2020 Summer Olympics.” “Frasers Hospitality is no more peculiar to the Japanese market. We opened Fraser Residence Nankai, Osaka in 2010. The nation keeps on being a need advertise for us and we are hoping to broaden our impression in Tokyo as well as other key urban areas in Japan.”

Sponsored by solid financial development, Japan invited 26.2 million traveler landings from January to November 2017, outperforming the aggregate number of guests in 2016. Japan’s prospects to draw in more worldwide explorers are promising, with the administration planning to pull in 40 million travelers by 2020. “Inns in Tokyo are doing to a great degree well, with inhabitance rates surpassing 85% for each penny amid the primary portion of 2017. Indeed, even as we get ready for the dispatch of Fraser Suites Akasaka in mid 2020, we are especially eager to have secured such a restrictive area in Ginza and we anticipate appearing our Capri by Fraser mark in Japan,” includes Choe. Frasers Hospitality’s worldwide portfolio, incorporating those in the pipeline, remains at more than 145 properties in more than 80 urban communities with near 23,000 keys.

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6Feb

Singapore shares open down again on Tuesday; STI falls 2.2%

SINGAPORE share market opened lower on Tuesday as the bloodbath crosswise over worldwide value markets proceeded, with the Straits Times Index falling 76.84 focuses or 2.21 for every penny to 3,406.09 as at 9.02am.

Around 216.1 million offers worth S$152 million altogether changed hands, with washouts beating gainers 307 to 15.

A portion of the biggest failures by esteem incorporate DBS, CapitaLand, OCBC Bank, Singtel and Genting Singapore.

Stocks in Japan and Australia likewise fell on opening on Tuesday, following the drop in European and US advertises overnight, as worries over raised Treasury yields and the probability of extra Federal Reserve loan fee climbs this year kept on powering alarm offering.

Singapore stock picked up $1.5 billion out of 3 weeks :

Sembcorp Marine Ltd. has picked up nearly S$2 billion ($1.5 billion) in only three weeks – influencing its parent Singapore’s best-performing to stock in the previous month – as financial specialists and examiners turned out to be more hopeful on the possibility of a potential surge in new requests in the midst of rising oil costs.

sg

The organization, which is greater part possessed by Sembcorp Industries Ltd., has gotten no less than three rating updates from explore firms this year. UBS AG and Nomura Singapore Ltd. overhauled the stock’s proposal to purchase this year, and OCBC Investment Research raised its rating to a hold from offer. Target costs from every one of the three firms are sitting admirably over the year normal of S$2.12 from 20 examiners, as indicated by information gathered by Bloomberg.

Credit suit bunch AG’s Gerald Wong said for An jan. 15 report card that those organization’s administration might have been idealistic regarding new requests What’s more debt decrease Previously, late guru meetings, same time Nomura known as those organization’s methodology a “turnaround story” for its jan. 19 overhaul. This might have been taken after Eventually Tom’s perusing a bullish note Toward DBS around jan. 22 and a overhaul by UBS ahead jan. 23 to comparable reasons.

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5Feb

SGX open bearish on Monday; STI down by 51.03 points

SINGAPORE stocks opened 1.4 for every penny bring down on Monday, in accordance with tumbling Asian stocks, with the Straits Times Index shedding 51.03 focuses on 3,478.79 as at 9.03am.

Around 252.6 million offers worth S$198.7 million altogether changed hands, which worked out to a normal unit cost of S$0.79 per share.

The most effectively exchanged counter was APAC Strategic, which was level at 0.3 Singapore penny with 28.2 million offers evolving hands. Different actives included Midas and Marco Polo Marine.

sgx down

The FTSE ST Mid Cap Index declined 0.65%, while the FTSE ST Small Cap Index declined 0.66 %.Washouts far dwarfed gainers 277 to 12, or around 23 down for each one up.

Asian markets fell on Monday as fears of resurgent expansion battered securities, toppled Wall Street from record highs and started theory national banks internationally may be compelled to fix all the more forcefully, Reuters announced.

Dallas Fed president Robert Kaplan said on Friday that the Federal Reserve may need to lift financing costs more than three times this year.

Japan’s Nikkei slid 2.2 for each penny, while Australia’s primary file facilitated 1.3 for each penny. MSCI’s broadest list of Asia-Pacific offers outside Japan shed 0.8 for every penny for its third straight session of misfortunes.

Speculators were spooked by Friday’s US payrolls report which indicated compensation developing at their speediest pace in more than 8-1/2 years, which fuelled swelling desires.

 

7Dec

Today’s Comex news

Today’s Comex news and gold candlestick chart

  • Gold prices remained lower on Tuesday, as the recent approval of a major U.S. tax reform bill continued to lend broad support to the greenback. Comex gold futures was down $2.70 or about 0.21% at $1,275.10 a troy ounce by 08:40 a.m. ET (12:40 GMT). The greenback strengthened after the U.S. Senate passed a tax overhaul package over the weekend amid expectations that tax cuts for corporations will stimulate the U.S. economy.
  • Crude oil prices were mixed on Tuesday, as the decision last week by global oil producers to continuu limiting production lent support to the commodity, while sustained worries over U.S. production levels weighed. The U.S. West Texas Intermediate crude January contract was little changed at $57.44 a barrel by 09:50 a.m. ET (13:50 GMT). Elsewhere, Brent oil for February delivery on the ICE Futures Exchange in London was up 12 cents or about 0.19% at $62.56 a barrel.
  • Natural gas futures extended their decline into a second session on Tuesday, as updated weather forecasts showed a return to mild weather after a cold spell in the eastern U.S. U.S. natural gas futures sank 5.5 cents, or around 1.8%, to $2.930 per million British thermal units by 8:15AM ET (1315GMT), after plunging 7.6 cents, or 2.5%, a day earlier. Monday’s plunge came as weather models predicted mild weather across most parts of the continental United States starting from Dec. 15.

7dec

 

Economy News

  • Just hours after a Brexit deal crumbled, British Prime Minister Theresa May came under pressure on Tuesday from opposition parties and even some allies to soften the EU divorce by keeping Britain in the single market and customs union after Brexit. May’s ministers said they were confident they would soon secure an exit deal, though opponents scolded May for a chaotic day in Brussels which saw a choreographed attempt to showcase the progress of Brexit talks collapse at the last minute.
  •  A Mexican presidential hopeful and governor of a wealthy border state said he would cut taxes to compete with lower rates in the United States if President Donald Trump’s fiscal reform passes Congress, hinting at a broader potential response in Mexico. Jaime Rodriguez, the governor of Nuevo Leon who is seeking to become the first independent to take the presidency, said he would lower “many taxes” if successful.
  • European Union finance ministers adopted on Tuesday a blacklist of tax havens which includes 17 extra-EU jurisdictions seen as not cooperative on tax matters, French Finance Minister Bruno Le Maire said. American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and United Arab Emirates are the countries listed, officials said.
7Dec

Singapore shares continue 0.4% lower on Thursday afternoon

SINGAPORE stocks continued 0.4 for each penny bring down on Thursday afternoon, with the Straits Times Index losing 11.93 focuses to 3,385.28 as at 1.03pm.

Around 713.8 million offers worth S$516.4 million altogether changed hands, which worked out to a normal unit cost of S$0.72 per share.

SGX

The most effectively exchanged counter was Allied Tech, which fell S$0.01 to S$0.069 with 55.6 million offers evolving hands. Different actives included Jiutian Chemical and Midas.

Losers outnumbered gainers 185 to 132, or around seven down for each five up.

Idealistic viewpoint for worldwide palm oil market to help  agriculture stocks_89923250_gettyimages-160565545

A relentless development in the worldwide palm oil showcase is set to help the Singapore Exchange’s (SGX) eight agrarian items stocks that have a consolidated market capitalisation of S$29 billion.

In a market refresh report by the neighborhood bourse on Wednesday (Dec 6), the SGX said that in the 2017 year to date, these stocks found the middle value of a – 13.7 for each penny value change, contrasted with a 16.7 for each penny pick up in 2016. Palm oil costs additionally observed a value change of – 17.6 for every penny in the year-to-date.

Worldwide Palm Resources Holdings, which enlisted a value pick up of 15.4 for every penny in the year-to-date, was the best-performing stock in the division.

As per a report distributed a month ago by Zion Market Research, the worldwide palm oil advertise is estimate to develop at an exacerbated yearly rate (CAGR) of 7.2 for every penny in the vicinity of 2016 and 2021, achieving a market estimation of US$92.8 billion of every 2021 from US$65.7 billion out of 2015.

Development drivers incorporate enhancing monetary conditions, higher expectations for everyday comforts, and changing dietary patterns in rising nations, and in addition developing interest for vegetable oil as a feedstock for biodiesel creation.

The exploration firm included that the low cost of palm oil, and additionally stringent controls on trans-fat nourishments in US and Europe, has impelled buyers to change to palm from soya bean and other vegetable oils.

Palm oil costs for whatever is left of 2017 are anticipated to stay firm, given the regularly solid final quarter, as per Bloomberg Intelligence.

A further lift could originate from weaker-than-anticipated yield, and in addition a foreseen cut in Europe’s import duties for Indonesia’s biodiesel.

 

14Nov
EUR/USD

EUR/USD space for a trial of 1.1800

In perspective of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the combine could endeavor a bounce back to the 1.1800 handle.

Key Quotes

“EUR/USD keeps on amending higher. The new low was as of late not affirmed by the day by day RSI and this proposes lost drawback energy, current intraday Elliott tallies are suggesting degree for a 1.1800 bounce back. Past this bounce back we stay negative, the market has as of late finished a head and shoulders top example and a bear hail design – this is exceptionally negative value activity. The estimation down from the head and shoulders is 1.1232. The 200 day mama lies at 1.1298 only in front of here”.

“The standpoint stays negative while topped by the present October highs and early August high at 1.1858/1.1910. Extra help is offered by the mid-June high at 1.1296 and the more vital 1.1110 end of May low”.

“Over the 1.1858/1.1910 range (early August and October highs) lies the 1.2092 September high”.

EUR/USD

 

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