10Mar
sgx2

Singapore Exchange : Opening market update

MARKET NEWS :

  • SINGAPORE share prices opened higher on Thursday with the Straits Times Index up 17.54 points or 0.62 per cent to 2,827.97 as at 9.01am, following a Wall Street rebound and strengthening crude oil prices on Wednesday.
  • The Dow Jones Industrial Average climbed 36.26 points to 17,000.36 while S&P 500 gained 10 points to 1,989.26 on Wednesday.
  • US stocks were lifted by a resumption in the improvement of crude oil prices and expectations of a further deposit rate cut to be unveiled by the European Central Bank on Thursday.

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

10Mar

Comex Trading Signals and Market News – 10 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices struggled for direction in choppy trade during European morning hours on Wednesday, as market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of demand in the world’s largest oil consumer.
  • Gold futures were lower in European trade on Wednesday, as the dollar strengthened against the euro amid expectations the European Central Bank will almost certainly ease monetary policy this week. The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.2% to 97.36 during European morning hours, bouncing off the prior session’s more than two-week low of 96.88.
  • Natural Gas futures retreated in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity as forecasts for warmer weather across the US in the coming days threatened to curtail the demand for the heating fuel.

ECONOMY NEWS :

  • The German economy will grow at a slightly slower pace this year and next compared to 2015, the German banking association (BdB) said on Wednesday, citing a slowdown in China and other emerging markets as well as low oil prices as risk factors.The BdB said it expects Europe’s largest economy to grow by 1.6 percent this year and 1.5 percent in 2017, down from 1.7 percent last year.
  • The Bank of Japan is set to hold off cutting interest rates at next week’s rate review, sources say, as it scrambles to soothe market jitters caused by January’s surprise decision to adopt negative interest rates.Markets are rife with speculation the BOJ will expand monetary stimulus in coming months to reflate a stagnant economy, after January’s move failed to boost stock prices or arrest an unwelcome rise in the yen.
  • Assets of China’s sovereign wealth fund are not included in the country’s foreign exchange reserves and do not impact China’s reserves, China’s FX regulator said on Wednesday.China has ample FX reserves, the State Administration of Foreign Exchange said on its official microblog.

TRADING STRATEGY :

  • BUY GOLD APR ABOVE 1263 TARGET 1268 1274 SL 1258
  • SELL GOLD APR BELOW 1254 TARGET 1249 1243 SL 1259

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

10Mar
forex-trading3

IForex Market Trading Signals and News – 10 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Aussie holds steady, kiwi moves lower vs. greenback
  • Forex -Euro lower as ECB easing expectations weigh
  • Forex -Yen back in favour as China data hurts appetite for risk

EUR/USD
EUR/USD is currently trading with a bearish bias. The rebound from 1.1024 invalidated the anticipated upward rally towards 1.1338, meaning, as long as the level 1.1024 is not violated, we will remain short with our ultimate target at 1.073, a break below this support would mean we are headed further short with the next ideal target at 1.05451. Ideally, in the next few days, we expect to complete the three wave cycle with the black wave (c) ending on either 1.0732 or 1.05451.In case of a violation of the level 1.1024, we will wait for a breakout above 1.1056 to continue long with our ideal target at 1.1338.

GBP/USD
GBP/USD is currently trading with a slight bearish bias. Unfortunately, our short-term support 1.42119 was broken and the price is currently rallying below it. We expect the price to rebound from the lower supportive trend line to mark the end of the black wave (4) and to signal the unfolding of wave (5) with an ultimate target at 1.4395. A break below lower supportive trend line will push wave (4) lower to 1.4065 from where we will be looking to go long upon a clear rebound. Pound should be traded alongside, EUR/JPY and GBP/JPY. These pair have a strong positive correlation of up to +0.83 and are thus expected to have a similar price action.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4018 TARGET 1.40381.4068 SL 1.3988
  • SELL GBP/USD BELOW 1.3950 TAGET 1.3930 1.3900 SL 1.3980

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

10Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 10 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 31.66 points or 1.14% higher to 2810.43, taking the year-to-date performance to -2.51%.
  • The top active stocks today were Ezra, which gained 20.00%, DBS, which gained 0.73%, SingTel, which gained 1.34%, Keppel Corp, which gained 3.99% and Noble, with a 3.33% fall.
  • The FTSE ST Mid Cap Index gained 0.54%, while the FTSE ST Small Cap Index rose 1.32%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 4.43%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 3.99% higher and 5.52% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 0.49%. Jardine Matheson Holdings shares declined 1.24%and Jardine Strategic Holdings declined 2.50%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.49%), IS MSCI India 100 (+1.11%), DBXT MSCI Indonesia Etf 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.47%), Ascendas REIT (+1.28%), Capitacom Trust (+1.06%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (+1.65%), HSI19600MBePW160428 (-1.49%), HSI20200MBeCW160428 (+9.38%)
  • The most active stock warrants by value today were : KepCorp MBeCW161212 (+13.79%), DBS MB eCW160711 (+6.45%),NKY 18000MBeCW160610 (-4.67%)

STOCK RECOMMENDATION :

  • BUY FIRST REIT ABOVE 1.210 TARGET 1.250 1.300 SL 1.160

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

9Mar

Comex Trading Signals and Market News – 09 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver futures were trading higher during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal amid hopes that the European Central Bank (ECB) will unleash further monetary easing measures to prop up the Euro area economic recovery when it meets this Thursday a move which could boost gold a hedge against the inflationary risk of monetary stimulus.
  • Copper futures fell during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal after a sharp fall in China’s exports and imports in the month of February signaled concerns over the economic outlook for the world’s biggest metals consuming nation clouding the demand outlook for copper.
  • Oil prices were lower on Tuesday, pulling back from the prior session’s three-month highs as risk appetite waned after the latest trade figures out of China added to concerns over the health of the world’s second-biggest economy. Exports plunged 25.4% from a year earlier in February, far worse than forecasts for a decline of 12.5% and the worst monthly performance since May 2009, while imports dropped 13.8%, compared to expectations for a fall of 10.0%.

ECONOMY NEWS :

  • Bank of England Governor Mark Carney on Tuesday backed Prime Minister David Cameron’s European Union deal ahead of a June referendum on membership, saying the agreement allowed the central bank to do its job. While Carney said he was not making any recommendation about how to vote in the June 23 referendum, he gave a positive assessment of Cameron’s EU settlement.
  • Japan’s gross domestic product was down an annualized 1.1 percent on year in the fourth quarter of 2015, the Cabinet Office said in Tuesday’s revised reading, following last month’s preliminary reading that suggested a contraction of 1.4 percent. GDP expanded 1.3 percent in the third quarter. On a quarterly basis, GDP dipped 0.3 percent – which also marked an upward revision from 0.4 percent. GDP added 0.3 percent in the three months prior.
  • China’s exports tumbled in February though the massive slide reflected the shift in the timing of Chinese New Year. Exports plummeted 25.4% year-on-year in February, the biggest fall since May 2009, the General Administration of Customs reported today. At the same time, imports also plunged by around 14%. As the decline in exports outpaced the fall in imports, the trade surplus narrowed sharply to $32.6 billion from $63.29 billion in the prior.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1276 TARGET 1281 1287 SL 1270
  • SELL GOLD BELOW 1272 TARGET 1268 1262 SL 1278

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

9Mar
Forex trading

IForex Market Trading Signals and News – 09 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Yen rises as weak China trade data sours sentiment
  • Forex -Aussie, kiwi lose ground amid profit-taking
  • Forex -Dollar slips as oil and metals markets rally

EUR/USD
The European currency keeps its daily gains vs. the dollar today, with EUR/USD hovering over the 1.1020/25 band so far.The sentiment remains unaltered around the single currency on Tuesday after EMU’s GDP figures showed the economy has expanded 0.3% interquarter during Q4 and 1.6% on an annualized basis, surpassing prior surveys at 1.5%. Ahead in the session, the NFIB’s index is only due in the US calendar followed by the weekly report on crude stockpiles by the API.In the meantime, spot is managing quite well to keep the trade above the 1.1000 handle, although the recent upside will be put to the test later in the week in light of the ECB meeting and prospects of additional stimulus in the region.

GBP/USD
The sterling remains on the defensive today, with GBP/USD dropping to session lows in the 1.4220 area.In spite of the current decline, the pair manages to keep the trade in the upper end of the recent range above he 1.4200 mark, hovering over the 50% Fibo retracement of the February down-move.In addition, spot kept the composure after comments by Governor Mark Carney passed largely unnoticed amongst traders, stressing that the BoE will not offer any assessment on a ‘Brexit’ scenario.As of writing the pair is retreating 0.16% at 1.4244 and a breach of 1.4188 (20-day sma) would open the door to 1.4079 (low Jan.21) and then 1.3836 (multi-year low Feb.29). On the other hand, the next hurdle lines up at 1.4348 (61.8% Fibo of 1.4670-1.3833) followed by 1.4387 (55-day sma) and finally 4410.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4284 TARGET 1.4304 1.4334 SL 1.4254
  • SELL GBP/USD BELOW 1.4218 TAGET 1.4198 1.4168 SL 1.4248

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

9Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 47.05 points or 1.67% lower to 2776.46, taking the year-to-date performance to -3.69%.
  • The top active stocks today were DBS, which declined 1.69%, Keppel Corp, which declined 6.94%, SingTel, which declined 0.80%, OCBC Bank, which declined 0.92% and Ezra, with a 2.91% fall.
  • The FTSE ST Mid Cap Index declined 1.28%, while the FTSE ST Small Cap Index declined 1.12%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which declined 0.53%. The two biggest stocks of the Index – Raffles Medical Group and Biosensors International Group- ended 0.23% lower and 0.61% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 7.16%. Keppel Corp shares declined 6.94% and Sembcorp Industries declined 9.09%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.64%), STI ETF (-1.77%), DBXT MSCI Indonesia ETF 10 (-1.85%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.67%), Capitamall Trust (-0.94%), Capitacom Trust (-1.74%)
  • The most active index warrants by value today were : HSI20200MBeCW160428 (-17.95%), HSI19800MBeCW160330 (-13.57%), HSI19600MBePW160428 (unchanged)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-12.06%), KepCorp MBeCW161212 (-24.18%), NKY 15500MBePW160610 (+5.22%)

STOCK RECOMMENDATION :

  • BUY COSMOSTEEL AT 0.121 TARGET 0.128 0.134 0.140 SL 0.117

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

8Mar

Comex Trading Signals and Market News – 08 March 2016

INTERNATIONAL COMMODITY NEWS :

  • Crude oil futures have continued to gain today to hit above $36 per barrel mark – their highest in around five weeks amid a growing consensus that a multi-year low around $26 per barrel might have already emerged as a bottom for the commodity.WTI Crude oil futures witnessed good buying this week amid supportive cues from equities and a continued drop in the US rig counts.
  • Oil prices rose on Monday as tightening supply and an improving global outlook boosted market sentiment. The number of rigs drilling for oil in the U.S. fell below 400 for the first time since the financial crisis. The number of U.S. oil-drilling rigs has fallen sharply since oil prices began to fallExpectations of tightening supply and growing demand have fulled hopes that the oil market may have bottomed out.
  • Gold futures edged lower in European trade on Monday, but held near the prior session’s 13-month high as market players awaited comments from a pair of Federal Reserve officials later in the session for further clues on the path of future rate hikes.Federal Reserve Governor Lael Brainard is due to deliver a speech titled “Economic Outlook, Liquidity and Resilience” at the Institute of International Bankers Annual Washington Conference, in Washington D.C. at 18:00GMT, or 1:00PM ET, Monday.

ECONOMY NEWS :

  • The former head of a prominent British business lobbying group, who quit his post because he supports Britain’s exit from the European Union, accused Prime Minister David Cameron of scaremongering in comments published on Monday.British Chambers of Commerce (BCC) director general, John Longworth, resigned late on Sunday after he breached the group’s neutral stance on the in-out referendum to be held on June 23 by saying that the EU was incapable of meaningful reform and Britain could have a bright economic future outside the bloc.
  • Greece’s finance minister urged international lenders on Monday to complete their review of his country’s reform    measures by May 1 and bring to an end lengthy discussions over pension cuts.Disagreements between the International Monetary Fund (IMF) and Athens’s EU lenders over additional reforms Greece must implement to achieve its fiscal targets in 2018 are delaying the first review of its latest bailout, a hurdle the Greeks desperately need to clear to open the way for debt relief talks.
  • The Bank for International Settlements (BIS) warned that a global storm was rising for the world’s economy as central banks pushed rates into negative territory and may be running out of effective options.“The uneasy calm has given way to turbulence,” BIS chief Claudio Borio began his media brief on a quarterly report released on Sunday by the institution hailed to be the central bank of the central banks.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1268 TARGET 1273 1279 SL 1262
  • SELL GOLD BELOW 1257 TARGET 1252 1246 SL 1263

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

8Mar
forex-trading3

IForex Market Trading Signals and News – 08 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar pushes higher, euro hit by weak German data
  • Forex -Aussie, kiwi pull away from multi-month highs vs. greenback
  • Forex -Easing expectations send euro lower

EUR/USD
The EURUSD failed to continue its bearish momentum last week topped at 1.1043 after formed two Dojis as you can see on my daily chart below. The bias is neutral in nearest term but as long as stays above 1.0900 price is still in a bullish phase testing 1.1065 and daily EMA 200 located around 1.1100. A clear break and daily close above that area could trigger further bullish pressure testing 1.1250 area. On the downside, we need a clear break below 1.0900 to keep the bearish scenario since formed the shooting star formation remains strong targeting 1.0800 or lower.

GBP/USD
The GBPUSD had a bullish momentum last week topped at 1.4248. The bias is bullish in nearest term testing 1.4300 area. Immediate support is seen around 1.4175. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.4080 – 1.4105 I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. There is a confirmed and a strong buy signal. The price is above the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement. The upward movement will be until the price is above the Cloud.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4170 TARGET 1.4190 1.4220 SL 1.4140
  • SELL GBP/USD BELOW 1.4108 TARGET 1.4088 1.4058 SL 1.4138

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

 

8Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 08 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 13.49 points or 0.48% lower to 2823.51, taking the year-to-date performance to -2.05%.
  • The top active stocks today were DBS, which gained 0.13%, Noble, which gained 7.14%, SingTel, which declined 1.58%, OCBC Bank, which declined 0.80% and Keppel Corp, with a 1.64% advance.
  • The FTSE ST Mid Cap Index gained 0.07%, while the FTSE ST Small Cap Index rose 0.79%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 2.78%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 1.64% higher and 1.59% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.45%. SingTel shares declined 1.58% and StarHub declined 0.29%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.21%) ,STI ETF (-0.35%), Lyxor China H 10 (-0.42%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitacom Trust (-2.37%), Capitamall Trust (-1.84%), Ascendas REIT (-2.05%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (-1.41%), HSI20600MBeCW160330 (-6.67%), HSI19200MBePW160330 (-12.73%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+3.68%), KepCorp MBeCW161212 (+8.51%), UOB MB ePW160601 (+3.18%)

STOCK RECOMMENDATION :

  • BUY QFEDI ABOVE 0.230 TARGET 0.240 0.245 SL 0.250

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

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