11May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 24.91 points or 0.9% lower to 2741.15, taking the year-to-date performance to -4.91%.
  • The top active stocks today were SingTel, which declined 1.54%, DBS, which declined 0.74%, CapitaLand, which gained 0.67%, OCBC Bank, which declined 1.54% and UOB, with a 0.84% fall.
  • The FTSE ST Mid Cap Index gained 0.46%, while the FTSE ST Small Cap Index declined 0.05%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 2.60%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings – remained unchanged and ended 2.25% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.50%. SingTel shares declined 1.54% and Star-Hub declined 1.18%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.06%), STI ETF (-0.71%), Lyxor ETF MSCI World 10 (-1.54%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (-2.82%), Capitacom Trust (+1.44%)
  • The most active index warrants by value today were : HSI20000MBePW160530 (-8.24%), HSI20000MBePW160629 (-0.95%), HSI20600MBeCW160530 (+3.64%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-9.76%)

STOCK RECOMMENDATION :

  • BUY GS HLDG ABOVE 0.280 TGT 0.295 0.310 SL 0.265

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

10May

Comex Trading Signals and Market News – 10 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper futures plunged by more than 1 per cent during noon trade in the domestic market on Monday as investors and speculators exited positions in the industrial metal as dismal China trade data underlined concerns over the health of the world’s second biggest economy clouding the demand outlook for copper.Chinese exports fell 1.8 per cent in dollar terms in April and imports suffered an 18th straight month of decline.
  • Gold prices fell by 0.75 per cent on Monday even as the Bank of Japan minutes saw some board members down-beat on hitting the inflation target within the current forecast suggesting continued easy policy. The Bank of Japan published the minutes of its April policy meeting showing some numbers expect the target date for 2 per cent sustained inflation may need to be pushed back.
  • Crude oil prices rose by 1.71 per cent on Monday as supply outages persisted over the weekend from Canada’s    wildfires that have shut half the country’s vast oil sands capacity. Cooler weather light rain and winds opposed to the direction of flames helped control the advance of the blaze that razed Alberta’s oil sands boomtown Fort McMurray. Yet energy firms such as Statoil and Husky Statoil shut their facilities in the area as a precaution.

ECONOMY NEWS :

  • The U.S. economy’s fundamentals are solid and growth this year should pick up to around 2.5 percent, but the Federal Reserve’s current ‘wait and see’ approach to monetary policy is appropriate, a Fed policymaker said on Monday.Charles Evans, president of the Chicago Fed, told a conference in London that business investment and inflation remain lower than he would like.
  • Japan’s consumer confidence weakened less-than-expected in April, after improving in the previous month, survey data from the Cabinet Office showed Monday. The seasonally adjusted consumer confidence index fell to 40.8
    in April from 41.7 in March. Among the individual components of the survey, the overall livelihood index worsened to 39.6 in April from 40.5 in the prior month. Similarly, the employment sub-index dropped from 43.9 to 42.8. At the same time, the indicator for income growth improved slightly to 40.8 from 40.6.
  • China’s exports dropped 1.8 percent year-over-year in April, while it was expected to remain flat, data published by the General Administration of Customs revealed. Imports plunged 10.9 percent in April from a year ago. The visible trade surplus of the country came in at $45.56 billion in April, which was above the expected surplus of $40.00 billion.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1280 TARGET 1285 1291 SL 1275
  • SELL GOLD BELOW 1277 TARGET 1272 1266 SL 1282

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

10May

IForex Market Trading Signals and News – 10 May 2016

MARKET UPDATES :

  • Forex – Dollar hits 2-week high vs. yen on intervention warning
  • Forex -Yen hits 10-day low on intervention warning
  • Forex-Dollar pushes higher against yen, euro steady

EUR/USD
The shared currency keeps its recovery mode intact against its American counterpart in late-Asia, taking EUR/USD above 1.14 handle.EUR/USD trades modestly flat at fresh session highs of 1.1411, making another attempt towards 1.15 handle. The main currency is seen consolidating the downside as dust settles over the NFP aftermath, with the major catching fresh bid tone in recent dealings amid broad based US dollar retreat.The greenback wiped-out gains against its major competitors and now trades muted, underpinning the recovery in EUR/USD. Moreover, mixed market sentiment amid higher oil prices and subdued Asian equities also lifts the safe- haven bids for the EUR.Meanwhile, focus turns towards the German factory orders data amid a data-dry trading calendar today. Besides the Euro group meetings will be closely watched for any news on EU referendum ahead of the US LMCI release.

GBP/USD
The GBP/USD pair trades around a flat-line in early Europe, falling every attempt to take-out 1.4450 levels, as a lack of fresh fundamental drivers fails to aid the recovery from near 1.44 handle.The GBP/USD pair trades modestly flat at 1.4426, reversing a spike to 1.4440 levels. The cable fails to sustain at higher levels and reverts in the red zone on the back of a broadly higher US dollar, with markets having largely shrugged-off weak US employment report. The USD index trades +0.05% higher at 93.90 levels.The GBP/USD pair consolidates near ten-day lows, although holds 1.44 handle, having found some respite from rallying oil prices on mounting Canadian wildfire induced supply disruption worries. Nothing of note for the major in the day ahead except for the second-liner data in the UK Halifax HPI and US labour market conditions report.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4380 TARGET 1.4420 1.4480 SL 1.4350
  • SELL GBP/USD AROUND 1.4510-1.4520 TARGET 1.4460 1.4400 SL 1.4540

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

10May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 35.26 points or 1.29% higher to 2766.06, taking the year-to-date performance to -4.05%.
  • The top active stocks today were SingTel, which gained 3.46%, DBS, which gained 0.27%, Noble, which declined 13.58%, OCBC Bank, which gained 1.20% and Ascendas REIT, with a 1.25% advance.
  • The FTSE ST Mid Cap Index declined 0.25%, while the FTSE ST Small Cap Index declined 0.62%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 3.27%.
  • The two biggest stocks of the Index – SingTel and StarHub – ended 3.46% higher and 1.81% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.55%. Silverlake Axis shares declined 0.90% while CSE Global gained 1.22%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+1.08%), SPDR Gold Shares (-0.16%), DBXT MSCI Indonesia ETF 10 (+1.55%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.25%), Capitamall Trust (+3.90%), Capitacom Trust (-1.07%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (unchanged), HSI20000MBePW160530 (-13.27%), HSI20600MBeCW160530 (-1.79%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-3.53%)

STOCK RECOMMENDATION :

  • BUY ACROMEC ABOVE 0.485 TGT 0.505 0.525 SL 0.465

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

9May
forex-market-hours

IForex Market Trading Signals and News – 09 May 2016

MARKET UPDATES :

  • Forex -Aussie falls as RBA eases inflation views in policy statement
  • Forex -Dollar holds steady with all eyes on nonfarm payrolls
  • Forex-Dollar edges lower as markets brace for U.S. jobs data

EUR/USD
The Euro turned lower against the US Dollar as expected, with prices producing the largest daily decline in three weeks. The move lower followed the appearance of a Shooting Star candlestick pattern after the pair found resistance above the 1.16 figure.From here, a daily close below the 23.6% Fibonacci retracement at 1.1357 opens the door for a challenge of the 38.2% level at 1.1196. Alternatively, a reversal back above support-turned-resistance at 1.1456, the 14.6% Fib, paves the way for a test of the May 3 high at 1.1616.Prices are too close to near-term support to justify entering short from a risk/ reward perspective. Furthermore, on-coming US jobs data represents pivotal event risk that may materially alter technical positioning. With that in mind, we will remain on the sidelines for the time being.

GBP/USD
The GBP/USD pair is seen trading quite choppy this NFP Friday, swinging between gains and losses amid increased uncertainty as we head towards the US jobs data release. The GBP/USD pair trades modestly flat at 1.4480, unable to beat the bears lined up at 1.45 handle. The cable eases-off highs and now wavers in a limited range, with the upside capped by 1.45 barrier, while the downside remains cushioned just ahead of 1.4450. The prices appear to have found some support from the renewed weakness seen around the US dollar, while upside bias lacks momentum on the back of persisting risk-off sentiment. Meanwhile, the USD index now drops -0.12% at 93.63 levels.On the data-front, next of relevance remains the US NFP data, which is likely to set next direction on the GBP/USD pair.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4531 TGT 1.4551 1.4581 SL 1.4501
  • SELL GBP/USD BELOW 1.4500 TGT 1.4480 1.4450 SL 1.4530

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

9May

Comex Trading Signals and Market News – 09 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact of    crude production cuts in Canada where a huge wildfire has disrupted oil sands operations.Oil prices were down around one percent in early European trading, with global benchmark Brent prices set for their first weekly loss in five weeks.
  • Gold prices gained ground on Friday, as traders awaited the release of key U.S. employment data due later in the day amid uncertainty over the strength of the local job market.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.74% at $1,281.55.
  • Soaring silver prices are changing the market’s 2016 landscape as bargain-hunting coin buyers step to the sidelines, and futures and options participants take the reins, said Erica Rannestad, senior analyst of precious metals demand at GFMS.”It’s this renewal in the short term of interest in precious metals as a safe haven,” Rannestad said.

ECONOMY NEWS :

  • Investors pulled out of equities at the fastest rate since last summer’s market rout and cut cash exposure, opting instead for less risky fixed income and precious metals assets ahead of U.S. jobs data, Bank of America Merrill Lynch (NYSE:BAC) (BAML) said on Friday.Net outflows from equity funds almost tripled from the week before, soaring to $16.9 billion – the largest exodus since September, when investors fled stock markets after China’s surprise devaluation sent global markets into a tail spin.
  • Greeks started a 48-hour nationwide strike on Friday in anger at tax and pension reforms pursued by the indebted nation to qualify for more of a multi-billion euro bailout it signed up to last year.Called by the largest private and public sector unions, the strike left ships docked at port, disrupted public transport and kept civil servants and journalists off the job.
  • China has told banks to step up checks on their bill financing businesses to curb risks, after the sector was hit by several cases of bill fraud costing many millions of dollars.Chinese officials have warned against systemic risks as banks struggle to cope with rising bad loans as the economy slows.Some banks have suffered heavy losses due to lax internal controls and other irregularities in bill financing, the People’s Bank of China (PBOC) said in a document jointly issued with the China Banking Regulatory Commission (CBRC).

TRADING STRATEGY :

  • BUY GOLD ABOVE 1288 TARGET 1293 1299 SL 1283
  • SELL GOLD BELOW 1282.5 TARGET 1277.5 1271.5 SL 1287.5

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

9May
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 37.01 points or 1.34% lower to 2730.8, taking the year-to-date performance to -5.27%.
  • The top active stocks today were SingTel, which declined 0.53%, DBS, which declined 0.93%, UOB, which declined 1.71%, OCBC Bank, which declined 1.30% and Global Logistic, with a 3.21% fall.
  • The FTSE ST Mid Cap Index declined 0.43%, while the FTSE ST Small Cap Index declined 0.42%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 0.28%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – remained unchanged and ended 1.2% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.58%. Keppel Corp shares declined 2.1% and Sembcorp Industries declined 4.2%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : ABF Singapore Bond Index Fund ETF (unchanged), STI ETF (-1.07%), Nikko AM Singapore STI ETF (-1.05%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.49%), Ascendas REIT (+0.42%), Suntec REIT (-0.30%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (-20.26%), HSI20600MBeCW160530 (-30.86%), HSI20800UBeCW160629 (-28.00%)
  • The most active stock warrant by value today was : DBS MB eCW160711 (-9.57%)

STOCK RECOMMENDATION :

  • BUY CWT ABOVE 2.150 TGT 2.235 2.300 SL 0.045

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

6May
forex-trading3

IForex Market Trading Signals and News – 06 May 2016

MARKET UPDATES :

  • Forex -Dollar edges higher as fears over U.S. growth ease
  • Forex -Aussie and kiwi move higher, Australian data supports
  • Forex-Sterling steady as U.K. service sector output slows

EUR/USD
The EUR/USD pair gradually extends to the downside during the mid-Asian trades, moving slightly away from 1.15 barrier, as sentiment remains mixed in Asia amid negative equities and a broadly muted US dollar. EUR/USD trades almost unchanged at fresh session lows of 1.1482, retreating from daily highs hit at 1.1494 earlier today. The main currency pair consolidates sharp declines witnessed over the past two trading session, and now meets fresh supply, taking the pair below hourly 100-SMA support located at 1.1486 levels.The EUR/USD pair stalled its minor- pullback from NY lows just ahead of 1.15 mark and resumed the downside consolidation thereon, now awaiting fresh impetus amid low volumes and minimal volatility as most major European arkets remain closed today in observance of Ascension Day.

GBP/USD
The pound held steady against the dollar on Thursday despite data showing that U.K. service sector output grew at the slowest rate in over three years in April, adding to fears that the economy is losing momentum.GBP/USD was last at 1.4506 from around 1.4477 ahead of the data.The Markit U.K. services purchasing managers’ index fell to 52.3 in April from 53.7 the previous month.It was the lowest level since February 2013 and was below economists’ expectations for a reading of 53.5. The service sector was hit by uncertainty over the European Union membership referendum on June 23, which delayed new orders and by the introduction of the new living wage which has added to cost increases for employers.

RECOMMENDATION :

  • BUY GBP/USD ABOVE1.4465 TGT 1.4485 1.4515 SL 1.4435
  • SELL GBPUSD AROUND 1.4519 -1.4517 TGT 1.4499 1.4469 SL 1.4549

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

6May

Comex Trading Signals and Market News – 06 May 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures were higher in European trade on Thursday, as market players looked ahead to a raft of speeches from Federal Reserve officials later in the day to judge the balance of opinion among policymakers on the prospect of further rate hikes.St. Louis Fed President James Bullard is due to speak at 15:30GMT, or 11:30AM ET, at Santa Barbara County’s Economic Summit.
  • A huge wildfire near Canada’s oil sands region and escalating tensions in Libya stoked concern among investors over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday.Brent crude futures (LCOc1) rose $1.19 on the day to $45.81 a barrel by 0845 GMT, while U.S. West Texas Intermediate (WTI) futures (CLc1) rose $1.45 to $45.23.
  • WTI Crude oil futures are lingering around $45 per barrel mark as steady buying has emerged in the counter after a sharp tumble on Monday. US inventories stay around record highs even as crude output is falling. Oil traders also seem to be eyeing the firmness in gasoline demand ahead of the peak driving season.MCX Crude oil futures ended just above Rs 2900 per barrel yesterday and should see a positive opening following the recovery in global prices.

ECONOMY NEWS :

  • European rules for winding down banks should be reconsidered and should only be applied to newly issued financial instruments, Bank of Italy governor Ignazio Visco said on Thursday.In written comments prepared for a speech in Florence, Visco said applying the new rules to existing securities “can indeed be a source of serious liquidity risk and financial instability”.
  • European Central Bank executive board member Yves Mersch took the defense of ECB policies directly to critical Germans on Thursday, reassuring them there is no plot underway to eliminate cash altogether.Tensions between the ECB and Germany have worsened since the bank unveiled fresh stimulus in March, expanding asset buys and cutting interest rates deeper into negative territory, much to the objection of Germany’s Bundesbank.
  • India is considering setting up an independent panel to help state-owned banks negotiate settlements with big businesses on bad loans, in order to shield bankers from a populist backlash they say is hobbling efforts to clean up their balance sheets. India’s $121 billion troubled debt pile, over $100 billion of which is on the books of state owned banks, has come under close scrutiny from prosecutors, the media and politicians. Some have blamed banks for going too easy on corporate tycoons, and do not want taxpayers propping up the struggling banking sector.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1283.5 TARGET 1288.5 1294.5 SL BELOW 1278.5
  • SELL GOLD BELOW 1274.5 TARGET 1269.5 1263.5 SL ABOVE 1279.5

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

6May
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 06 May 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 5.26 points or 0.19% lower to 2,767.81 , taking the year-to-date performance to -3.9%.
  • The top active stocks today were SingTel, which gained 0.53%, DBS, which declined 2.22%, OCBC Bank, which declined 1.06%, UOB, which declined 1.04% and Wilmar Intl, with a 0.57% advance.
  • The FTSE ST Mid Cap Index declined 0.27%, while the FTSE ST Small Cap Index rose 0.01%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 1.85%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 1.14% higher and 3.27% higher respectively.
  • The underperforming sector was the FTSE ST Financials Index, which slipped 0.62%. DBS Group Holdings shares declined 2.22% and OCBC declined 1.06%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (unchanged), Nikko AM Singapore STI ETF (unchanged), DBXT FTSE Vietnam ETF 10 (-0.99%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+1.49%), Ascendas Reit (+0.42%), Capitacom Trust (+0.36%)
  • The most active index warrants by value today were : HSI20600MBeCW160530 (-5.81%), HSI20000MBePW160629 (+1.00%), HSI20000MBePW160530 (-1.30%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+1.08%), UOB MB eCW160705 (-12.50%), DBS MB ePW161003 (-2.26%)

STOCK RECOMMENDATION :

  • BUY ANCHOR RESOURCES ABOVE 0.138 TGT 0.144 0.148 SL 0.131

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.