25Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 20.35 points or 0.69% lower to 2940.43, taking the year-to-date performance to +2.00%.
  • The top active stocks today were SingTel, which closed unchanged, Global Logistic, which declined 1.27%, Keppel Corp, which declined 5.00%, DBS, which declined 0.38% and UOB, with a 0.71% fall.
  • The FTSE ST Mid Cap Index declined 0.10%, while the FTSE ST Small Cap Index declined 0.35%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.33%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings- ended 0.22% higher and 1.51% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.80%. Keppel Corp shares declined 5.00% and Sembcorp Industries declined 2.60%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.81%), CIMB FTSE Asean40 100 (+1.55%), Nikko AM Singapore STI ETF(unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.79%), Suntec REIT (-0.86%), Capitacom Trust (+1.02%)
  • The most active index warrants by value today were : HSI21400MBeCW160530 (-8.53%), HSI21000MBePW160530 (+5.38%), HSI20000MBePW160629 (+2.99%)
  • The most active stock warrants by value today were : OCBC Bk MB eCW161003 (-5.88%), UOB MB eCW160704 (-1.45%), DBS MB eCW160705 (-1.67%)

STOCK RECOMMENDATION :

  • BUY COSMO STEEL ABOVE 0.130 TARGET 0.134 0.140 SL 0.125

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

22Apr

Comex Trading Signals and Market News – 22 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver prices rallied to 11-month highs on Thursday and gold rose to one-and-a-half week highs as higher oil prices fed into a stronger tone across commodities.Silver futures for May delivery were at $17.43 an ounce at 1208 GMT after rising to highs of $17.62 earlier, levels not seen since May 2015.Gold futures for June delivery were up 0.65% at $1,262.4 an ounce.
  • Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-OPEC production in a generation, helping to rebalance a market dogged by oversupply.IEA chief Fatih Birol said low oil prices had cut investment by about 40 percent in the past two years, with sharp falls in the United States, Canada, Latin America and Russia.
  • Gold prices eased in Asia on Thursday with attention on the next Federal Reserve review of rates next week. On the Comex division of the New York Mercantile Exchange, gold for June delivery traded down 0.59% to $1,247.00 a troy ounce.Silver futures for May delivery dropped 0.88% to $16.985 a troy ounce, while copper futuresgained 0.18% to $2.240 a pound.

ECONOMY NEWS :

  • China added 3.18 million new urban jobs in the first quarter and kept unemployment levels broadly stable, Xinhua said on Friday, citing the social security ministry.The urban unemployment rate was 4.04 percent at the end of first quarter, flat from the end of 2015 and slightly lower than the year ago period, Xinhua said. Premier Li Keqiang said at China’s annual parliament in March that China will create 10 million new jobs and hold the urban unemployment rate below 4.5 percent in 2016.
  • Strong market performance failed to wow U.S.-based fund investors, who delivered stock funds another week of multi-billion dollar withdrawals, Lipper data showed on Thursday.Investors pulled $4.5 billion from U.S.-based stock funds during the week that ended April 20, Lipper said, despite the funds’ posting a 1 percent gain in market value over that period.
  • Japan looks increasingly likely to fire both fiscal and monetary barrels in the coming weeks to help recovery and arrest unwelcome gains in the yen, with direct currency intervention off the table after a cool reception from its U.S. ally.After the rising yen helped push exports down for a sixth month in March and deadly earthquakes hit southern Japan last week, the Bank of Japan (BOJ) is facing calls from government aides to promptly expand its money-printing stimulus.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1262 TARGET 1267 1273 SL BELOW 1257
  • SELL GOLD BELOW 1255.5 TARGET 1250.5 1244.5 SL ABOVE 1260.5

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

22Apr
forex-market-hours

IForex Market Trading Signals and News – 22 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Euro little changed before ECB meeting
  • Forex – GBP/USD edges lower on downbeat U.K. retail sales
  • Forex- Aussie edges higher, kiwi holds steady in late trade

EUR/USD
EUR/USD is almost unchanged on Thursday, following losses which marked the pair on Wednesday. In the European session, the pair is trading at the 1.13 line. On the release front, the ECB will set interest rates for April, followed by a press conference with ECB president Mario Draghi. The US will follow with two key releases – the Philly Fed Manufacturing Index and Unemployment Claims. On Friday, the Eurozone releases German and Eurozone Manufacturing PMIs.All eyes are on the ECB on Thursday, as the central bank holds its monthly policy meeting. At the March meeting, the ECB lowered the benchmark rate to a flat 0.00% and raised the asset-purchase program from EUR 60 billion to 80 billion/month.

GBP/USD
The pound edged lower against the U.S. dollar on Thursday, after the release of downbeat U.K. retail sales data dampened optimism over the strength of the British economy. GBP/USD hit 1.4305 during European morning trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.4309, slipping 0.16%.Cable was likely to find support at 1.4128, the low of April 18 and resistance at 1.4409, Wednesday’s high.The U.K. Office for National Statistics said that retail sales fell 1.3% in March, compared to the prior 0.5% drop whose figure was revised from the original 0.4% decrease. Analysts had expected retail sales to slip 0.1% last month.Year-on-year, retail sales increased 2.7%, compared to expectations for a 4.4% rise. Core retail sales, which exclude automobile sales, fell 1.6% on the month, compared to the prior 0.3% drop in February, whose figure was revised from an initial 0.2% decline.

RECOMMENDATION :

  • BUY GBP/USD AROUND 1.4320-1.4325 TARGET 1.4350 1.4385 SL 1.4295
  • SELL GBP/USD AROUND 1.4390-1.4395 TARGET 1.4365 1.4340 SL 4415

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

22Apr
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 10.83 points or 0.37% higher to 2960.78, taking the year-to-date performance to +2.71%.
  • The top active stocks today were SingTel, which gained 0.51%, DBS, which declined 0.25%, OCBC Bank, which gained 0.64%, Keppel Corp, which gained 0.17% and UOB, with a 0.30% fall.
  • The FTSE ST Mid Cap Index gained 1.10%, while the FTSE ST Small Cap Index rose 0.60%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 3.18%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 4.92% higher and 4.04% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.48%. Silverlake Axis shares declined 0.86% and CSE Global declined 2.22%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.76%), STI ETF (+0.34%), IS MSCI India 100 (-0.29%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.80%), Capitamall Trust (unchanged), Suntec REIT (+2.05%)
  • The most active index warrants by value today were : HSI21400MBeCW160530 (+26.47%), HSI20000MBePW160629 (-16.25%), HSI21000MBePW160530 (-23.14%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-10.45%), OCBC Bk MB eCW161003 (+1.19%), UOB MB eCW160704 (-8.00%)

STOCK RECOMMENDATION :

  • BUY CHINA EVERBRIGHT ABOVE 0.670 TGT 0.695 0.715 SL 0.635

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

21Apr

IForex Market Trading Signals and News – 21 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – GBP/USD edges lower after U.K. unemployment data
  • Forex – Aussie, kiwi slide lower vs. greenback as oil prices retreat
  • Forex- Yen pushes higher, euro flat ahead of ECB

EUR/USD
EUR/USD is showing marginal movement on Wednesday, following gains which marked the pair in the Tuesday session. The pair is trading at 1.1360 in the European session. On the release front, German PPI posted a small gain of 0.2%, missing the estimate. ECB head Mario Draghi will deliver a speech in Frankfurt. Later in the day, the US releases Existing Home Sales as well as Crude Oil Inventories. Thursday will be busy, highlighted by the ECB rate decision. The US releases the Philly Fed Manufacturing Index and Unemployment Claims, both key indicators.Is inflation showing signs of life in the Eurozone? Weak inflation levels have underscored soft economic growth in the bloc, and the threat of deflation remains a constant worry for policymakers. However, there have been some encouraging signs on the inflation front.

GBP/USD
The pound edged lower against the U.S. dollar on Wednesday, after the release of downbeat U.K. employment data fueled concerns over the strength of the British economy, although the greenback’s gains were limited by the previous session’s weak U.S. economic reports. GBP/USD hit 1.4348 during European morning trade, the session low; the pair subsequently consolidated at 1.4364, shedding 0.22%.Cable was likely to find support at 1.4284, Tuesday’s low and resistance at 1.4428, the high of March 31.The U.K. Office for National Statistics said that the unemployment rate held at 5.1% in the three months to February, in line with expectations. However, the claimant count unexpectedly rose by 6,700 in February, compared to expectations for a decrease of 11,300 people, and following a drop of 9.300 a month earlier, whose figure was revised from a previously reported decline of 18.000.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4420 TARGET 1.4440 1.4470 SL 1.4380
  • SELL GBP/USD BELOW 1.4385 TARGET 1.4365 1.4335 SL 1.4415

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

21Apr
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 1.86 points or 0.06% lower to 2949.95, taking the year-to-date performance to +2.33%.
  • The top active stocks today were SingTel, which declined 0.25%, DBS, which gained 0.25%, OCBC Bank, which gained closedunchanged, UOB, which declined 0.05% and Keppel Corp, with a 1.32% fall.
  • The FTSE ST Mid Cap Index declined 0.10%, while the FTSE ST Small Cap Index declined 0.41%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.71%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings- ended 0.34% higher and 0.49% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.01%. Midas Holdings shares declined 1.75% and Geo Energy Resources declined 0.88%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.58%), STI ETF(-0.34%), IS MSCI India 100 (-0.58%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.79%), Capitacom Trust (+0.70%), Capitamall Trust (-0.47%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (-6.82%), HSI20000MBePW160530 (+12.25%), HSI21400MBeCW160530 (-12.82%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (+3.08%), OCBC Bk MB eCW161003 (-2.33%), NKY 15500MBePW160610 (+3.77%)

STOCK RECOMMENDATION :

  • BUY SPACKMAN ABOVE 0.146 TGT 0.152 0.156 SL 0.139

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

19Apr

Comex Trading Signals and Market News – 19 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Silver prices plunged by Rs 195 to Rs 38,312 per kg in futures trade today as speculators cut down their bets, taking weak cues from global market.At the Multi Commodity Exchange, silver prices for delivery in May traded sharply lower by Rs 195, or 0.51%, to Rs 38,312 per kg, in a business turnover of 354 lots.Similarly, the white metal prices for delivery in far-month July slumped by Rs 167, or 0.43%, to Rs 38,900 per kg, in a business volume of 10 lots.
  • Gold prices rose on Monday, buoyed up by increased investor demand for safe haven assets as oil prices tumbled after a weekend meeting of major producers ended without an agreement on curtailing production.U.S. gold futures for June delivery were up 0.34% at $1,238.6 an ounce by 0945 GMT.
  • Crude oil prices plunged in Asia on Monday as major oil producers gathered in Doha, Qatar failed at the weekend to reach an agreement to freeze production.The producers—Saudi Arabia, Russia, Kuwait, and other OPEC members, but not including Iran—met most of the day but broke up toward evening without a deal. Saudi Arabia had insisted there could be no agreement unless Iran froze production, too.

ECONOMY NEWS :

  • The mission chiefs of Greece’s lenders are set to resume talks in Athens after progress made in recent days towards concluding a review of Greek reforms, the European Commission said on Monday.”Following constructive talks in Washington, the mission chiefs are returning to Athens today and tomorrow. The aim of the mission remains to conclude the first review of the program as soon as possible,” a Commission spokesman told a news conference in Brussels.
  • China’s leaders sound more confident that the world’s second-largest economy has arrested a slide in growth to quarter-century lows, but their policy advisers caution it is too early to call an end to a cycle of easing that began in 2014.Signs the economy is picking up give the central bank room to keep its policy powder dry for now so it has the ammunition later to cope with any possible shocks from domestic economic restructuring and expected U.S. rate rises, the policy insiders said.
  • Tokyo is sticking with plans to raise the sales tax next year, barring a financial crisis or a major natural disaster, Prime Minister Shinzo Abe said on Monday, without saying whether two deadly quakes in southern Japan qualified as such as disaster.The tremors on the southern island of Kyushu on Thursday and Saturday have caused at least 42 deaths and disrupted production at major manufacturers including Toyota Motor Corp (T:7203) and Sony Corp (T:6758).

TRADING STRATEGY :

  • BUY GOLD ABOVE 1240 TGT 1245 1251 SL BELOW 1234
  • SELL GOLD BELOW 1230 TGT 1225 1219 SL ABOVE 1236

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

19Apr

IForex Market Trading Signals and News – 19 April 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen rises to near 18-month highs against dollar
  • Forex – Aussie and kiwi move lower on oil drop
  • Forex- Doha meeting drives down commodity currencies

EUR/USD
EUR/USD is flat on Monday, continuing the lack of movement which has marked the pair since late last week. With no major releases out of the Eurozone or the US, it could remain an uneventful day for the pair. In the European session, EUR/USD is trading at the 1.13 line. On the release front, the sole Eurozone event is the German central bank’s monthly report. The US will release the NAHB Housing Market Index, with little change expected. As well, New York Fed president William Dudley will deliver remarks at a meeting in New York. Tuesday will be busier, with Germany and the Eurozone releasing the ZEW Economic Sentiment reports. In the US, there is one key event, Building Permits.

GBP/USD
GBP/USD is currently trading with a bullish bias. During the previous trading day on 15th April 2016, The Cable broke above a key resistance level 1.4179 and is currently headed long. Following this break out, we expect minor downward retracements towards 1.4202 to go long with our target at 1.4290. A clear breakout above this level will push the price further to the upper side with our next target at 1.4406. However, if the anticipated pull-back goes below 1.4168, then we will go short with our target at 1.4063. This pair should be traded alongside AUD/USD, GBP/CHF and GBP/JPY. These pairs have a strong positive correlation of up to +0.89 and will likely move in a similar direction direction during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4204 TARGET 1.4224 1.4254 SL 1.4174
  • SELL GBP/USD BELOW 1.4160 TARGET 1.4140 1.4110 SL 1.4190

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

19Apr
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 19 April 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 6.19 points or 0.21% lower to 2917.75, taking the year-to-date performance to +1.21%.
  • The top active stocks today were SingTel, which gained 0.52%, DBS, which declined 0.44%, Keppel Corp, which declined 1.96%, UOB, which declined 0.71% and OCBC Bank, with a 0.11% fall.
  • The FTSE ST Mid Cap Index declined 0.20%, while the FTSE ST Small Cap Index declined 0.26%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.62%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended unchanged and 0.70% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.22%. Silverlake Axis shares declined 2.48% and CSE Global declined 2.17%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares USD Asia Bond ETF (-0.09%), Ishares USD Asia HY Bond ETF (-0.10%), STI ETF (-0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.40%), Capitacom Trust (-0.70%), Capitamall Trust (-0.46%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (-6.98%), HSI20000MBePW160629 (+3.53%), HSI21400MBeCW160530 (-12.17%)
  • The most active stock warrants by value today were : NKY 15500MBePW160610 (+9.72%), UOB MB eCW160704 (-15.28%), OCBC Bk MB eCW161003 (-2.56%)

STOCK RECOMMENDATION :

  • BUY CITYNEON ABOVE 0.565 TARGET 0.590 0.630 SL 0.530

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

18Apr

Comex Trading Signals and Market News – 18 April 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices regained some ground in European morning hours on Friday, after hitting one-week lows in the previous session due to a stronger U.S. dollar, as the release of upbeat data Chinese economic growth boosted demand for the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.38% at $1,231.10.
  • Crude oil prices gained in Asia on Friday as China GDP data met expectations, though clocked the weakest annual pace since 2009. On the New York Mercantile Exchange, WTI crude for May delivery rose 0.19% to $41.58 a barrel. Brent crude was up 0.09% to $43.89 a barrel.
  • Copper prices rose by 3.97 per cent on Wednesday after China’s exports in March returned to growth for the first time in nine months adding to further signs of stabilization in the world’s second-largest economy that cheered regional investors which raised the demand outlook for the metal. March exports rose a blistering 11.5 percent from a year earlier the first increase since June and the largest percentage rise since February 2015.

ECONOMY NEWS :

  • It is lackluster demand that is holding back the euro zone economy, not availability of credit, an overwhelming majority of forecasters polled by Reuters said, adding that the European Central Bank won’t cut negative deposit rate any further.The latest survey results underscored the view that there are limits to how much more monetary policy can do after the ECB surprised in March with a volley of interest rate cuts, additional monthly bond purchases and more cheap loans for banks designed as an incentive for them to lend more.
  • China posted its slowest economic growth since 2009 but a surge of new debt appears to be fueling a recovery in factory activity, investment and household spending in the world’s second largest economy. That’s good news in the near-term, economists say, but many worry it marks a return to the old playbook used during the financial crisis, when Beijing hand-cranked its economy out of a slowdown through massive stimulus, rather than structural reform.
  • Australia’s financial system is in good shape overall though risks have grown in the apartment, commercial and recource sectors that bear close watching, the country’s central bank said on Friday.In a 62-page semi-annual report on the health of the banking sector, the Reserve Bank of Australia (RBA) highlighted pockets of domestic and foreign risks.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1232 TGT 1237 1243 SL BELOW 1226
  • SELL GOLD BELOW 1225 TGT 1220 1214 SL ABOVE 1231

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

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