23Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 0.04 points or 0% lower to 2880.65, taking the year-to-date performance to -0.07%.
  • The top active stocks today were DBS, which declined 1.27%, Noble, which gained 4.44%, SingTel, which gained closed unchanged, OCBC Bank, which gained 0.66% and Wilmar Intl, with a 1.82% advance.
  • The FTSE ST Mid Cap Index gained 0.23%, while the FTSE ST Small Cap Index rose 0.13%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 2.33%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended 3.57% higher and 0.85% lower respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.59%. Raffles Medical Group shares declined 1.10% and Biosensors International Group remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.15%), SPDR Gold Shares (+0.69%), Nikko AM Singapore STI ETF (+0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.81%), Capitamall Trust (+2.35%), Capitacom Trust (+0.68%)
  • The most active index warrants by value today were : HSI21000MBeCW160428 (-7.69%), HSI20600MBePW160428 (+4.51%), HSI20000VTeCW160428 (-6.50%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-9.62%), KepCorp MBeCW161212 (-0.78%), UOB MB eCW160705 (-8.20%)

STOCK RECOMMENDATION :

  • BUY NOBLE ABOVE 0.470 TARGET 0.500 0.540 SL 0.425

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

22Mar

Comex Trading Signals and Market News – 22 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Silver futures retreated during noon trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking weakness in the bullion internationally as a slightly stronger dollar curbed the lure for silver as an alternative asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming bullion demand.
  • Gold futures were lower in European trade on Monday, falling for the second straight session as the U.S. dollar recovered from losses suffered in wake of the Federal Reserve’s dovish statement.The dollar continued to recover from five-month lows as investors closed out bearish bets following an aggressive selloff late last week.
  • Oil prices slid for a second day on Monday, under pressure from signs that some of the nimbler U.S. producers increased drilling last week and from uncertainty surrounding a meeting of the world’s major exporters next month to discuss freezing output.U.S. energy firms last week added one oil rig after 12 weeks of cuts, according to data from industry firm Baker Hughes.

ECONOMY NEWS :

  • China has many policy tools at its disposal to fend off financial risks and will improve its communication with markets, Premier Li Keqiang said on Monday.Li told the visiting International Monetary Fund Managing Director Christine Lagarde that China will not rely on yuan depreciation to spur exports.
  • China agreed on Monday to consider building a railway into Nepal and to start a feasibility study for a free trade agreement with the impoverished, landlocked country, which has been trying to lessen its dependence on its big neighbour to the south, India.The Himalayan nation, that serves as a natural buffer between China and India, adopted its first post-monarchy constitution in September hoping this would usher in peace and stability after years of conflict.
  • U.S. inflation is likely to accelerate in coming years and move toward the Federal Reserve’s 2 percent target, Richmond Fed President Jeffrey Lacker said on Monday, flagging upside risks to price growth.Inflation has been unusually sluggish since the 2007-2009 recession.The Fed has kept interest rates low in part to foster faster price gains and said last week it was likely to raise interest rates more slowly than policymakers had expected in December.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1250 TARGET 1270 1300 SL 1220
  • SELL GOLD BELOW 1240 TARGET 1220 1190 SL 1270

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

22Mar
Forex Signals

IForex Market Trading Signals and News – 22 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Yen finds favour as Asia’s appetite for risk wanes
  • Forex -Dollar on the back foot, sterling unsettled by politics
  • Forex-U.K. political turmoil hits pound after surprise resignation

EUR/USD
EUR/USD is quiet on Monday, as the pair trades at 112.60 in the European session. On the release front, Eurozone Current Account came in at EUR 25.4 billion, short of expectations. Later in the day, the Eurozone releases Consumer Confidence. In the US, the sole event on the schedule is Existing Home Sales, with the markets expecting the indicator to slip to 5.32 million. On Tuesday, we’ll get a look at two key German indicators – Ifo Business Climate and ZEW Economic Sentiment. Weak inflation numbers continue to raise concerns about the health of the Eurozone economy. On Friday, German PPI, which measures inflation in the manufacturing sector, came in at -0.5%, below the forecast of -0.2%. It marked the seventh straight decline for the indicator.

GBP/USD
The pound weakened on Monday after Ian Duncan Smith, Secretary of State for Work and Pensions and a big voice in the Conservative party, unexpectedly announced his resignation late Friday over disagreements on a budget he considers to be “deeply unfair”. GBP/USD dropped 0.46% to 1.4415 at 9:34AM GMT, or 5:34AM ETIn a parting statement on Sunday, Duncan Smith explained that his decision was not based on his support for the leave campaign, known as Brexit, with regard to the referendum on Britain’s membership in the European Union (EU) to be held on June 23.He criticized the budget for causing substantial reductions in disability benefits while offering tax cuts for the wealthy.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4480 TARGET 1.4500 1.4530 SL 1.4450
  • SELL GBP/USD BELOW 1.4370 TARGET 1.4350 1.4320 SL 1.4400

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

22Mar
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 26.11 points or 0.9% lower to 2880.69, taking the year-to-date performance to – 0.07%.
  • The top active stocks today were SingTel, which declined 0.77%, DBS, which declined 1.69%, UOB, which declined 1.40%, OCBC Bank, which declined 1.83% and Keppel Corp, with a 1.47% fall.
  • The FTSE ST Mid Cap Index declined 0.35%, while the FTSE ST Small Cap Index declined 0.89%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.20%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings- ended 1.01% higher and 0.25% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 7.90%. Silverlake Axis shares gained 0.81% and CSE Global declined 2.13%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.07%), STI ETF (-0.69%), DBXT CSI300 ETF 10 (+2.07%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (-0.47%), Capitacom Trust (-0.34%)
  • The most active index warrants by value today were : HSI21000MBeCW160428 (+1.96%), HSI20600MBePW160428 (-8.28%), HSI19600MBePW160428 (-14.67%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-7.14%), UOB MB eCW160705 (-8.96%), KepCorp MBeCW161212 (-2.29%)

STOCK RECOMMENDATION :

  • BUY NOBLE 0.450 TARGET 0.470 0.530 SL 0.385

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

21Mar

Comex Trading Signals and Market News – 21 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Natural Gas prices extended gain over 1 per cent on Friday at the Multi Commodity Exchange (MCX) as traders widened their position tracking a rally in the energy commodity internationally as forecasts for cooler weather across the eastern parts of the US next week raised hopes of a pickup in gas-fired heating demand in the world’s biggest fuel consuming nation.
  • U.S. oil futures touched new highs for 2016 on Friday and were set to post gains for a fifth straight week on growing optimism that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices.U.S. crude (CLc1) was up 3 cents at $40.23 barrel at 0653 GMT, after rising to as much as $40.55 – higher than the previous peak of $40.36 reached on Thursday.
  • Gold slid lower in European morning hours on Friday, but remained within close distance of a one-year high as sentiment on the U.S. dollar remained vulnerable after the Federal Reserve’s most recent policy statement. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were down 0.43% at $1,259.60.

ECONOMY NEWS :

  • The Philippines’ financial system is facing a risk because of the $81 million that was stolen by hackers from the New York Fed account of Bangladesh’s central bank and then transferred to Manila, the country’s central bank governor said on Friday.”If you look at the behavior of the financial markets over the last several days there has been no indication that there is a negative impact. But we have to recognize there is a risk,” Amando Tetangco told reporters.
  • The European Central Bank can cut interest rates again if the euro zone’s economy fails to pick up and, under extreme circumstances, it might even consider printing money and giving it out directly to people, its chief economist said in a newspaper interview published on Friday.The ECB upset investors last week when its president, Mario Draghi, said he did not expect further rate cuts, raising questions about his pledge in 2012 to do “whatever it takes” to save the euro.
  • An international review by creditors of Greece’s reform program is advancing and it could be wrapped up by May 1, the head of the European Stability Mechanism (ESM) rescue fund told the Swiss newspaper Neue Zuercher Zeitung.”There is progress but it is too early to say when exactly the review will conclude,” Klaus Regling was quoted as saying in an interview, adding that the ESM assumed Greece would need “significantly less” than the 86 billion euros ($97 billion)being discussed for a third assistance program.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1265 TARGET 1270 1280 SL 1253
  • SELL GOLD BELOW 1248 TARGET 1243 1233 SL 1255

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

21Mar
forex-trading3

IForex Market Trading Signals and News – 21 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar regains some ground vs. euro, yen
  • Forex -Yen stands tall as dollar weakened by Fed’s cautious stance
  • Forex-Dollar sell off ebbs, but on track for weekly losses on Fed outlook

EUR/USD
EUR/USD is currently trading with a bullish bias. Following the break above the pivot level 1.1178, Euro appears to have developed a bullish trend. We anticipate a breakout above 1.1380 for us to continue long with our ideal target at 1.1492. Alternatively, we wait for minor pullbacks towards 1.1291 for us to execute buy orders. This view can only be invalidated should the anticipated pullback go below 1.1267. If the latter is the case, then we will be looking for short positions with our target at 1.09935. This pair should be alongside GBP/JPY, and GBP/USD. These pairs have a strong positive correlation of up to +0.89 and will likely move in a similar direction. Only buy or sell Euro if pound dollar is giving the same signal.

GBP/USD
The pound slipped lower against the U.S. dollar on Friday, pulling away from a one-month peak as the greenback recovered from losses posted after the Federal Reserve’s latest policy decision.GBP/USD hit 1.4440 during European morning trade, the session low; the pair subsequently consolidated at 1.4426, shedding 0.39% .Cable was likely to find support at 1.4219, Thursday’s low and resistance at 1.4517, the high of February 16. The dollar came under broad selling pressure after the Fed left its monetary policy unchanged on Wednesday and said that it is likely to raise interest rates twice this year – and not four times, as initially estimated.Fed policymakers said the U.S. economy faces risks from an uncertain global economy, although moderate growth and “strong job gains” would allow it to tighten policy this year.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4540 TARGET 1.4560 1.4590 SL 1.4510
  • SELL GBP/USD BELOW 1.4450 TARGET 1.4430 1.4380 SL 1.4480

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

21Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 21 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 26.63 points or 0.92% higher to 2906.8, taking the year-to-date performance to +0.83%.
  • The top active stocks today were DBS, which gained 1.78%, SingTel, which gained 1.83%, OCBC Bank, which gained 1.98%, Wilmar Intl, which gained 1.85% and UOB, with a 0.31% advance.
  • The FTSE ST Mid Cap Index gained 0.59%, while the FTSE ST Small Cap Index rose 0.16%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 2.19%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 4.03% higher and 1.71% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 3.91%. Silverlake Axis shares remained unchanged and CSE Global gained 2.17%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+1.04%), DBXT MSCI Indonesia ETF 10 (-0.68%), IS MSCI India 100 (+0.62%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.48%), Capitamall Trust (+0.47%), Capitacom Trust (+1.03%).
  • The most active index warrants by value today were : HSI21000MBeCW160428 (+4.08%), HSI19600MBePW160428 (-9.64%), HSI20200MBeCW160428 (+5.95%).
  • The most active stock warrants by value today were : DBS MB eCW160711 (+9.09%),KepCorp MBeCW161212 (-0.76%), UOB MB eCW160705 (-2.90%).

STOCK RECOMMENDATION :

  • BUY YOMA STRATEGIC ABOVE 0.570 TARGET 0.600 0.640 SL 0.520

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

19Mar
PalmOil

Crude prices fall from 2016 highs as US oil rig count rises

NEW YORK:

  • Crude oil prices settled lower on Friday after the U.S rig count rose for the first time since December, renewing worries of a supply glut after an output freeze proposal helped boost the market to 2016 highs and multi-week gains.
  • U.S. energy firms this week added one oil rig after 12 weeks of cuts, according to data by industry firm Baker Hughes. The addition, coming after oil rigs had fallen by two-thirds over the past year to 2009 lows, showed crude drilling picking up again after a 50 percent price rally since February.
  •  “The rig count and crude prices have a direct relationship for sure,” said Pete Donovan, broker at Liquidity Energy in New York.
  • Brent crude finished down 34 cents, or 0.8 percent, at $41.20 a barrel, having risen $1 earlier to a 2016 high of $42.54.
  • U.S. crude settled down 76 cents, or 1.9 percent, at $39.44, after also gaining $1 to a year high of $41.20. It continued to fall in post-settlement trade, losing nearly $1.
  • Despite the retreat, oil posted multi-week gains, with Brent up for a fourth straight week and U.S. crude a fifth week in a row. Both benchmarks rose about 2 percent this week.

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

19Mar
sgx-asx

S&P 500 turns positive for 2016 as recession fears fade

NEW YORK:

  • The S&P 500 closed positive for the year on Friday for the first time in 2016 as the U.S. Federal Reserve’s dovish tone and a strengthening economic outlook compelled investors to take on more risk.
  • In part, the rally was a continued reaction to the Fed’s move on Wednesday, in which it scaled back expectations for the number of rate hikes in the coming months. Major indexes gained for five weeks in a row and the Dow closed higher every day this week.
  • “It was a huge gift to the market,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. “I think the market was bracing for a more hawkish view.”
  • The Dow Jones industrial average closed positive for the year for the first time in 2016 on Thursday.
  • Following the Fed move, the dollar weakened and drove up commodity prices. Oil rose above $42 a barrel.
  • “People are realizing that this means a weaker dollar and that should benefit a lot of the stocks in the S&P and Dow, stocks with lots of exposure overseas,” said Kim Forrest, research analyst at Fort Pitt Capital Group in Pittsburgh.
  • Crude oil dipped on Friday as traders booked profits after strong seasonal demand and the U.S oil rig count rose for the first time since December.

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

18Mar

Comex Trading Signals and Market News – 18 March 2016

INTERNATIONAL CURRENCY BUZZ :

  • Copper prices fell by 0.13 per cent on Wednesday after the US retail sales fell less than expected in February but a sharp downward revision to January’s data could reignite concerns about the economy’s growth prospects which reduced the demand outlook for the metal. Retail sales dipped 0.1 percent last month as automobile purchases fell and cheaper gasoline undercut receipts at service stations.
  • Oil rose above $41 a barrel on Thursday, trading close to a 2016 high, bolstered by a plan among some of the world’s biggest producers to meet next month to discuss supporting the market.OPEC and non-OPEC producers including the top two exporters, Saudi Arabia and Russia, will meet on April 17 in Qatar over a plan to freeze output, increasing the likelihood of the first global supply deal in 15 years.
  • Gold futures held on to strong overnight gains in European trade on Thursday, after the Federal Reserve kept    interest rates unchanged and indicated just two more rate hikes this year instead of the four expected. Gold for April delivery on the Comex division of the New York Mercantile Exchange jumped $37.00, or
    3.01%, to trade at $1,266.80 a troy ounce by 08:05GMT, or 4:05AM ET.

ECONOMY NEWS :

  • Bank of Japan Governor Haruhiko Kuroda said on Thursday that inflation had slowed temporarily due to declines in oil prices but that the overall price trend was improving excluding oil.Kuroda, speaking in the upper house budget committee, also said the BOJ was still only about halfway towards meeting its 2 percent price target.
  • Federal Reserve policymakers urging caution over interest rate hikes have gained the upper hand in the central bank’s internal debate, but the risk for the U.S. economy is that they are wrong to downplay a recent rise in inflation. In words that echo those of colleagues on the Fed’s dovish wing, Fed Chair Janet Yellen told a news conference on Wednesday that “caution is appropriate” when it comes to raising interest rates. She said she was not convinced underlying inflation had accelerated.
  • Declines in China’s foreign trade will ease after March, though trade conditions are expected to be more severe this year than in 2015, a spokesman at the Commerce Ministry said on Wednesday, “There is increasing growth momentum in foreign trade,” Shen Danyang told reporters in Beijing. “We expect declines in trade will gradually ease after March.”

TRADING STRATEGY :

  • BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1264
  • SELL GOLD BELOW 1263 TARGET 1258 1252 SL 1269

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

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