30Jul

Singapore Stock Watch : STI resumes on Monday afternoon at 3,306.21, down 0.56%

Singapore Stock Watch :SINGAPORE stocks continued exchanging on Monday evening on bring down ground, with the Straits Times Index declining 0.56 for every penny or 18.77 indicates on the day 3,306.21 as at 1.01pm to proceed with the morning droop.

Against its twelve close of 3,304.55, be that as it may, the blue-chip benchmark was up 0.05 for every penny, or 1.66 focuses.

Failures dwarfed gainers 198 to 117, or around five stocks down for each three up, after 1 billion offers worth S$373.4 million changed hands.

Among the most intensely exchanged by volume, Thomson Medical Group rose 3.9 for every penny or S$0.003 to S$0.08 with 35.4 million offers exchanged. Yangzijiang Shipbuilding Holdings climbed 2.2 for each penny or S$0.02 to S$0.925 with 8.7 million offers exchanged.

Dynamic file stocks included DBS Group Holdings, moved down 0.7 for every penny or S$0.20 to S$26.86; and United Overseas Bank, tumbled down 1.2 for every penny or S$0.32 to S$27.00

The accompanying organizations saw new advancements that may influence exchanging of their offers on Monday:

iFast Corp: Wealth administration firm iFast Corp saw its net benefit hop for the second quarter on higher income, in spite of the hit from its misfortune making territory Chinese tasks, as indicated by unaudited half-year comes about. Income came in at S$2.94 million for the three months to June 30, surging by 40.4 for every penny on the earlier year, the organization declared on Saturday. Income swelled by 25.4 for each penny to S$30.9 million. Profit per share was 1.1 Singapore pennies, up from a repeated 0.79 Singapore penny beforehand, while net resource esteem ticked up to 31.26 Singapore pennies an offer, against 30.69 Singapore pennies as at Dec 31, 2017. iFast shut at S$1.09 on Friday.

Chasen Holdings: Specialist coordinations organization Chasen Holdings has secured a 51 million yuan (S$10.2 million) migration contract in China to fit out a level board show producing plant. The agreement, which is situated in Chuzhou, Anhui area, will include move-in, warehousing and related coordinations administrations for the plant. The undertaking will keep running for 16 months from September 2018 to December 2019. The organization’s stock last exchanged at 7.9 Singapore pennies on Friday.

 

30Jul

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

      COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Metal prices traded mixed benefiting from a weaker dollar despite a preliminary reading of second-quarter U.S. economic growth showing the economy grew at its fastest pace in nearly four years. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $1.60, or 0.13%, to $1,224.10 a troy ounce, but remained well above an intraday low of $1,216.70.
  • An agreement by the European Union to increase soy imports from the United States will not harm EU farmers, German Agriculture Minister Julia Kloeckner said in an interview published on Saturday. European Commission President Jean-Claude Juncker agreed to increase soy imports in a deal reached with U.S. President Donald Trump, under which Washington will suspend the imposition of new tariffs on the EU.
  • Venezuela’s highly subsidized gasoline, cheaper than anywhere in the world, could be more expensive starting next month. Why? The smallest coin that will be available in the market will be enough to fill 100 SUV tanks. The bizarre situation is the result of a rapidly depreciating currency, hyperinflation and ridiculously low prices for fuel. President Nicolas Maduro’s plan to redenominate the bolivar on Aug. 20 by lopping off five zeroes means that 50-cent coins for the new “sovereign” bolivar will be worth 50,000 of the old (and poorly named) “strong” bolivar.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Top BlackRock Inc (N:BLK) bond investor Rick Rieder halved exposure in recent months to a once-major bet in his portfolios on emerging markets on concerns including that the dollar could move higher, he told Reuters on Friday. “I still would argue volatility is going to be higher, the dollar could potentially continue to grind higher,” said Rieder, BlackRock’s chief investment officer of global fixed income. “It’s just prudent to run a smaller exposure.”
  • Mexican Economy Secretary Ildefonso Guajardo said on Friday that the negotiating teams for the North American Free Trade Agreement (NAFTA) are ready to kick off talks again after they stalled last month. NAFTA talks between the United States, Mexico and Canada had stalled since June when the United States imposed tariffs on Mexican and Canadian steel and aluminum. Both countries responded with levies on products including U.S. pork, ketchup and Kentucky bourbon.
  • President Sebastian Pinera wanted to make one thing perfectly clear about Moody’s Investors Service’s decision to downgrade Chile’s credit rating: It’s not my fault. “The reaction of the rating agency is due to things that happened in previous years,” Pinera, who took office March 11, told reporters Friday. “As you well know, our government is correcting those reasons.” Moody’s reduced Chile’s senior unsecured debt ratings to A1 from Aa3, citing a gradual and broadbased deterioration in the country’s credit profile.

COMEX GOLD SIGNAL

30Jul
forex-trading-solutions

Forex Research Report

INTERNATIONAL CURRENCY BUZZ

Forex – Dollar Falls Despite Strongest US GDP Growth in Nearly Four Years
Forex – GBP: Bank of England to Reveal All Next Week
Forex – EUR/USD recovers modestly on Friday, remains in a range

EUR/USD

The EUR/USD pair rebounded on Friday after US economic data but is still headed toward a negative weekly performance. After the ECB and US GDP data, it remains in a range, moving sideways, although closer to the lower bound. On Friday, the US dollar corrected to the downside, after rising on Thursday and pushed EUR/USD to the upside. Before the recovery, the pair bottomed at 1.1619, the lowest since July 19. The pair found resistance at 1.1660 and it is about to end the week, moving between that level and 1.1645, down 60 pips from the level it had a week ago. Despite the ECB decision and US data, EUR/USD continues to move within a small range. The para managed to avoid a daily close under 1.1630 that would point to more losses. To the upside, immediate resistance is seen at 1.1680/90, the 20-day moving average.

GBP/USD

The GBP/USD pair managed to bounce off lows, albeit held on to its daily trading range following the release of US GDP print. The pair stalled overnight retracement slide from levels beyond the 1.3200 handle and found some support at lower levels after the advance US GDP report showed that the US economy expanded at an annualized pace of 4.1% during the second quarter of 2018. Although the headline reading was better than 2.0% growth recorded in the previous quarter, it wasn’t enough to provide any meaningful lift to the US Dollar and helped the pair to rebound from an intraday low level of 1.3082. The data, however, cemented expectations for a gradual Fed rate hike through the end of this year and thus, did little to prompt any aggressive USD selling. Moreover, investors also seemed to refrain from placing aggressive bets ahead of the highly anticipated BoE monetary policy update next week.

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27Jul

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices eased on Thursday as immediate global trade tension eased U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers. Gold Futures for August delivery on the Comex division of the New York Mercantile Exchangeis was down 0.2% to a trading price of $1,229.90 each troy ounce at 1:30AM ET (05:30 GMT).
  • Natural gas futures rose to the highest levels of the session on Thursday, after data showed that supplies in storage rose much less than forecast last week. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 24 billion cubic feet (bcf) in the week ended July 20, below forecasts for a gain of 36 bcf. That compared with a build of 46 bcf in the preceding week, an increase of 17 bcf a year earlier and a five-year average rise of 46 bcf.
  • U.S. crude oil prices inched down on Thursday while Brent rose after Saudi Arabia said it was suspending oil shipping in the Red Sea. West Texas Crude oil futures fell 0.03% to $69.28 a barrel as of 10:27 AM ET (14:27 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 0.05% to $73.97. Saudi Arabia, the biggest oil exporter in the world, said it was temporarily halting oil shipments through the Red Sea after an attack by Yemen’s Houthi movement.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Chinese and U.S. envoys presented radically differing visions of China’s economic model at the World Trade Organization on Thursday, a choice between “the world’s most protectionist economy” and a growth story that had benefited all countries. U.S. Ambassador Dennis Shea was presenting a paper entitled “China’s trade-disruptive economic model” to the last WTO meeting before a summer break, overshadowed by a nascent multi-billion dollar trade war between the two economic giants.
  • The Bank of England looks set to pass a post-financial crisis milestone next week by finally raising interest rates above their emergency levels set more than nine years ago. But with a potentially messy Brexit nearing, Governor Mark Carney may sound cautious about the pace of further moves away from the BoE’s still-powerful stimulus program. In March 2009, when the financial crisis was raging, the BoE slashed its benchmark rate to 0.5 percent to stave off the risk of a depression.
  • The U.S. economy is growing at a 3.8 percent annualized rate in the second quarter following the latest data on domestic durable goods orders and advance trade balance, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday. The latest estimate on gross domestic product growth was slower than the 4.5 percent pace estimated on July 18, the Atlanta Fed said.

GOLD TRADING FORECAST TODAY

27Jul

Singapore Stock Watch: Singapore Airlines drops after Q1 comes about miss desires

Singapore Stock Watch:
Singapore Airlines fell 5 for every penny on Friday in the wake of first-quarter comes about that missed the mark concerning examiners’ desires.

The counter fell consistently in the wake of opening at S$10.46 on Friday morning and was down 5.3 for every penny or 57 Singapore pennies to S$10.23 at 3.06pm, with nearly 5.1 million offers evolving hands.

The national aircraft had detailed subsequent to exchanging hours on Thursday that net benefit for the three months finished June 30 fell 58.6 for every penny to S$139.6 million, weighed by an about 40 for each penny increment in its normal stream fuel cost.

OCBC Investment Research kept up a “hold” rating on the stock, with a reasonable esteem gauge of S$11.01, down from S$11.30 already, taking note of that traveler movement is required to develop in coming months, however rivalry in key working markets continues and cost weights remain.

UOB Kay Hian likewise looked after its “hold” suggestion and had its objective cost of S$11.90 under survey. The firm said that SIA’s center net benefit development, which bars remarkable things, surpassed its desires, however that was for the most part because of bookkeeping changes. UOB Kay Hian likewise noted higher-than-anticipated load yields of 9.9 for every penny, versus its 5.5 for each penny evaluate, and an unexpected 22 for each penny year-on-year decrease in air ship renting cost.

26Jul

SINGAPORE Watch:Singapore tycoons grew wealthier in 2018, new Forbes rich list reveals

SINGAPORE Watch: The specific wealthy in Singapore have become wealthier, as per the 2018 Forbes Singapore Rich List.

The consolidated abundance of the nation’s main 50 investors rose 11 for each penny to almost US$116 billion (S$157 billion) up from $104.6 billion a year ago, Forbes Asia said in a news discharge on Thursday (Jul 26).

The current year’s greatest dollar gainers were property kin Robert and Philip Ng and Facebook fellow benefactor Eduardo Saverin, who is a Singapore changeless occupant.

The Ngs, who held their main spot for the ninth year with US$11.9 billion, helped their total assets by US$2.5 billion, while the Facebook prime supporter – who likewise observed his fortune up $2.5 billion – arrived in a nearby second with a total assets of US$11.8 billion.

The Ngs’ Far East-drove consortium “scored a triumph” in May by securing a prized blended utilize site in the prominent Holland Road region with a US$904 million offer, prevailing over in excess of twelve different wannabes, said Forbes Asia.

Holding the third spot was paint head honcho Goh Cheng Liang, who has a 39 for every penny stake in Japan’s Nippon Paint Holdings. His total assets expanded by US$700 million to US$8.5 billion. His child Goh Hup Jin was named executive of Nippon Paint in March.

New Zealander and Singapore changeless occupant Richard Chandler was another billion-dollar gainer, bouncing four spots to recover a spot in the best 10.

His total assets rose to US$3.15 billion, putting him at number eight, after his Singapore-headquartered Clermont Group’s net resources surged 50 for each penny on undisclosed venture increases, as indicated by official filings.

Fellow benefactor of ARA Asset Management John Lim was another striking gainer. Lim, who claims near 33% of ARA, saw his fortune hop by in excess of a third, putting him at number 38 on the rundown with a total assets of US$780 million.

Three newcomers made it onto the current year’s rundown: China-conceived Singapore perpetual occupant Gordon Tang, who has a controlling stake in recorded property firm SingHaiyi Group, made it to number 32 with a total assets of US$1 billion.

Bangladesh-conceived Singapore perpetual inhabitant and executive of Summit Group Muhammed Aziz Khan, who intends to list his Summit Power International on the Singapore trade, came in at number 34 with a total assets of US$910 million.

Forrest Li, who recorded his web based gaming firm Sea on the New York Stock Exchange in October 2017, put at number 42 with US$738 million.

The base sum required to make the rundown was US$535 million, down from US$540 million a year ago.

The main 10 most extravagant in Singapore:

1. Robert and Philip Ng; US$11.9 billion

2. Eduardo Saverin; US$11.8 billion

3. Goh Cheng Liang; US$8.5 billion

4. Kwek Leng Beng; US$7.6 billion

5. Khoo family; US$6.7 billion

6. Small Cho Yaw; US$6.4 billion

7. Kwee siblings; US$5.4 billion

8. Richard Chandler; US$3.15 billion

9. Raj Kumar and Kishin RK; US$2.7 billion

10. Choo Chong Ngen; US$2.6 billion

26Jul

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

TODAY’S COMEX GOLD SIGNAL

 COMEX GOLD SIGNAL

TODAY’S COMEX GOLD SIGNAL

TODAY’S COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices slipped for two consecutive days as dollar slightly rose on Wednesday ahead of a meeting between and U.S. and European Commission presidents for trade-related talks. Gold Futures for August delivery on the Comex division of the New York Mercantile Exchangeis was down 0.11% to a trading price of $1,224.10 each troy ounce at 1:00AM ET (05:00 GMT).
  • Qatar is building a sugar refinery in a bid to avoid supply disruptions after neighboring Gulf Arab states severed economic and political ties with Doha more than a year ago, sources say. In normal trading conditions, building a refinery in Qatar would make little commercial sense because of depressed sugar prices, surplus world stocks and the presence of regional refineries that could provide supplies, the sources said.
  • U.S. crude stocks fell last week, while gasoline and distillate inventories also declined, the Energy Information Administration said on Wednesday. Crude inventories fell by 6.1 million barrels in the week to July 20, compared with analysts’ expectations for a decrease of 2.3 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.1 million barrels, EIA said. Refinery crude runs rose by 46,000 barrels per day, EIA data showed.

26july4

ECONOMY NEWS

  • The International Monetary Fund has given its backing to Ukraine’s plans for an anti-corruption court, removing one of the key hurdles needed for the government to get its next $2 billion tranche of aid. The court is being set up as part of Ukraine’s $17.5 billion bailout and has become a symbol of its efforts to stamp out high-level corruption that has blighted the country for decades.
  • U.S. President Donald Trump accused China on Wednesday of targeting American farmers in a “vicious” way and using them as leverage to get concessions on trade. “China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt. We were being nice – until now!” Trump wrote on Twitter.
  •  White House economic adviser Larry Kudlow said a plan by the Trump administration to pay as much as $12 billion in relief to U.S. farmers hurt by a burgeoning trade dispute is a stop-gap proposal and doesn’t signal a willingness to make a habit of aid programs. “What we’ve put on the board is what I think is a temporary assistance measure, I don’t think it’s going to get near to $12 billion,” Kudlow said during an interview on “CBS This Morning” on Wednesday. “Nobody’s really thrilled about this. We’re just trying to protect American agriculture from some of the unfair trading practices.”

26july5

25Jul

Singapore-based Cloud Alliance signs e-pay, gaming MOU with unit of Hong Kong-recorded Shunten International

CLOUD Alliance, Singapore-headquartered payments and gaming firm, has gone into an update of comprehension (MOU) with a unit of Shunten International, a Hong Kong-recorded supplier of online installment administrations, to team up in zones, for example, e-installments and gaming.

In a recording with the Hong Kong Stock Exchange on Wednesday, Shunten International said that the MOU tries to extend the organization’s WeChat cross-fringe installment business by utilizing Cloud Alliance’s installment arrangements and partnershipwith Unity to contact a huge number of diversion designers and gamers.

Solidarity is an amusement improvement motor inside which Cloud Alliance’s leader item and installment aggregator device, CloudMoolah, is coordinated. CloudMoolah empowers Unity designers to get to in excess of 500,000 retail purpose of-offers and in excess of 100 million gamers crosswise over South-east Asia; CloudMoolah has a selective association with Unity in South-east Asia to co-build up a conveyance stage for portable amusements made with Unity, said Shunten International.

A refundable sincere cash of HK$1 million (about S$173,702) will be payable by Wonderful Future to Cloud Alliance upon the marking of this MOU, which will be held by Cloud Alliance amid the eliteness period, Shunten International included. The selectiveness period alludes to the two-month time frame after the date of execution of the MOU, amid which Wonderful Future has the elite ideal to consult with Cloud Alliance in connection to the terms of the proposed participation.

Shunten International stated: “so as to additionally build up the gathering’s WeChat cross-fringe installment business, the executives consider that it is in light of a legitimate concern for the organization and its investors all in all to go into the MOU to investigate the likelihood of co-working with Cloud Alliance to infiltrate into the current e-installment organizations and systems of Cloud Alliance.”

25Jul

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were trading slightly lower on Tuesday as the dollar edged up after a sharp decline in the previous session. Gold Futures for August delivery on the Comex division of the New York Mercantile Exchangeis was down 0.47% to a trading price of $1,219.8 each troy ounce at 1:10AM ET (05:10 GMT).
  • Rising oil revenues are greatly improving the outlook for budget and trade balances among Gulf Arab countries but will do very little to boost economic growth, a quarterly Reuters poll of economists showed. The benchmark Brent oil price (LCOc1) has averaged about $71.60 a barrel so far this year, up from $55 last year. Also, Gulf states are set to export more oil this year after global producers agreed last month to boost output, partly to compensate for anticipated losses in production by Iran, which faces U.S. sanctions.
  • U.S. crude oil prices were higher on Tuesday, as Iran threatened to retaliate against the U.S. if the government tries to block its oil exports. West Texas Crude oil futures rose 1.24% to $68.73 a barrel as of 10:32 AM ET (14:32 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 0.79% to $73.64. The U.S. has threatened to block oil trade with Iran after Trump withdrew from the nuclear agreement with Tehran.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The trade is familiar to investors worldwide: in times of turmoil, rush for cover by buying the Japanese yen. This year a global trade row has erupted, Donald Trump has lamented the dollar’s strength – ignoring a custom that U.S. presidents avoid openly interfering in financial markets – and the Chinese yuan has tumbled. And yet the yen has stayed resolutely weak, becoming the weakest of the G10 developed market currencies this month.
  • The International Monetary Fund said on Tuesday that the U.S. dollar is over-valued, China’s yuan is in line with fundamentals and nearly half of global current account balances are now excessive, adding to growth risks and trade tensions. The IMF, in its annual External Sector Report, which assesses exchange rates and current account surpluses and deficits, also said current account surpluses and deficits are becoming increasingly concentrated in advanced economies.
  • The chief trade negotiator of the incoming Mexican administration, Jesus Seade, said on Tuesday he expected the renegotiation of the North American Free Trade Agreement (NAFTA)to be agreed in the next few months. “What I see … to be a very feasible expectation is that we’ll be concluding the negotiation in the next two months if possible, or in the next few months a bit further down the road,” Seade told Mexican radio.

GOLD TRADING FORECAST TODAY

24Jul

Singapore Stocks Watch :RHB maintains ‘buy’ on SGX, expects good earnings growth

Singapore Stocks Watch :

Representative RHB has looked after its “buy” approach the Singapore Exchange (SGX) with an objective cost of S$9, speaking to a 20 for each penny upside.

As at 1.57pm on Tuesday, the counter was exchanging at S$7.46 each, down 0.3 for every penny or two Singapore pennies.

The SGX will discharge its outcomes for monetary year 2018 on July 27, reseller’s exchange close.

RHB noticed that Bloomberg information showing that SGX’s monetary 2018 securities normal day by day esteem (SADV) of S$1.24 billion is in accordance with its desire for S$1.2 billion, and higher than financial 2017’s S$1.12 billion.

Despite the fact that July 2018’s month-to-date SADV of S$1.11 billion was powerless, RHB experts noticed that it could have been incompletely because of the Fifa World Cup that prompted bring down exchanging volumes.

Looking forward, the examiners are bullish on the Singapore bourse’s SADV, and have accepted SADV of S$1.39 billion for financial year 2019.

SGX

“Worldwide improvements, incorporating further climbs in the US Federal assets rate and exchange war concerns, could invigorate all the more exchanging of stock property in financial specialists’ portfolios, and thus create exchanging volume,” said RHB expert Leng Seng Choon.

The dealer is likewise guaging subsidiaries normal day by day volume (DADV) of 0.82 million for financial 2019, in the wake of considering in a few negatives from the exchanging of India’s Nifty 50 file prospects, which represents 11 for every penny of SGX’s aggregate subordinates exchanged volume.

Also, RHB is expecting great income development and a solid monetary record, close by an alluring profit yield from the counter.

“SGX’s FY19F profit yield of 4.6 for each penny is twofold that of Singapore’s sovereign 10-year security yield of 2.42 for every penny. We are guaging FY2019 net benefit development of 9.7 for every penny. SGX is in a net money position and has an imposing business model over the exchanging of Singapore values.”

RHB likewise noticed that its objective cost depends on a monetary 2019 P/E (value profit proportion) of 24 times, or one standard deviation over the three-year mean of 22.2 times.

In any case, key dangers incorporate worldwide financial variances and geopolitical advancements.

The result of the intervention between the SGX and the India Index Services and Products Ltd could likewise affect future subordinates exchanging volume and henceforth profit, RHB said.

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