12Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 12 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 42.38 points or 1.54% lower to 2708.85, taking the year-to-date performance to -6.03%.
  • The top active stocks today were DBS, which declined 2.16%, CapitaLand, which declined 1.27%, OCBC Bank, which declined 1.31%, Keppel Corp, which declined 4.48% and SingTel, with a 0.85% fall.
  • The FTSE ST Mid Cap Index declined 1.11%, while the FTSE ST Small Cap Index declined 1.31%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which declined 0.67%.
  • The two biggest stocks of the Index – Midas Holdings and NSL – remained unchanged and 2.40% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.77%. Keppel Corp shares declined 4.48% and Sembcorp Industries declined 2.88%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.07%), Dbxt Csi300 Etf 10 (-7.07%), Spdr Gold Shares (+0.17%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-2.22%), Capitamall Trust (-1.04%), Suntec Reit (-1.61%)
  • The most active index warrants by value today were : HSI20400MBePW160128 (+34.51%), CN11500MBeCW160428 (-26.23%), HSI22000MBeCW160226 (-23.08%)
  • The most active stock warrants by value today were : KepCorp MBeCW161212 (-15.46%), DBS MB eCW160705 (-12.60%), OCBC Bk MBeCW161004 (-8.25%).

STOCK RECOMMENDATION :

  • BUY ORIENTAL ABOVE 0.131 TARGET 0.136 0.140 0.150 SL 0.127

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

11Jan

Comex Trading Signals and Market News – 11 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices slid lower in European morning hours on Friday, pulling away from a two-month peak as the U.S. dollar regained some ground after the People’s Bank of China set a higher yuan guidance rate for the first time in nine days. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were down 0.71% at $1,099.90.The February contract ended Thursday’s session 1.46% higher at $1,049.60 an ounce.
  • Copper futures advanced during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal as China’s decision to refrain from further weakening of the Yuan eased concerns over the health of the world’s second biggest economy lifting the demand outlook for industrial metals. China is the world’s biggest metals consumer making up for more than 40 per cent of global copper consumption.
  • Natural Gas futures soared in the domestic and overseas market on Thursday as investors and speculators booked fresh positions in the energy commodity as a bigger than expected dip in US storage levels last week signaled a pickup in heating demand for the fuel as cold weather resulted in higher consumption of gas-fired electricity at offices and homes in the world’s biggest economy.

ECONOMY NEWS :

  • China’s major stock indexes rose strongly on Friday after Beijing ditched a circuit breaker mechanism that halted trading twice this week and had been blamed for exacerbating the market sell-offs it was designed to limit. The People’s Bank of China also raised its guidance rate for the yuan for the first time in nine trading days, having allowed the currency’s biggest fall in five months on Thursday, sending shivers through regional currencies and global stock markets as investors feared it would trigger competitive devaluations.
  • Consumer confidence in India slipped for the fourth consecutive month in December tothe lowest on record, as consumers reported a further deterioration in their personalfinances and revised down their assessment of the business  environment. Respondents sawlittle hope of a turnaround either, with expectations for the future falling sharply. The MNI India Consumer Sentiment Indicator fell 4.6% to 108.5 in December from113.7 in November. The decline was broad-based with all five components of the ConsumerIndicator down on the month.
  • Japan’s leading index, which measures the future economic activity, fell to 103.9 in November from 104.2 in the previous month, preliminary figures from the Cabinet Office showed Friday. In September, the score was 102.4. The coincident index that indicates the current economic activity also dropped to 111.6 in November, in line with expectations, from 113.3 in October. The latest reading was the lowest since March 2015, when it marked 111.1. The lagging index that reflects the past economic activity, came in at 115.0 in November, down from 115.4 in the preceding month.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1105 TARGET 1110 1116 SL 1098
  • SELL GOLD BELOW 1096 TARGET 1091 1085 SL 1102

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

11Jan

IForex Market Trading Signals and News – 11 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -USD/CAD slips lower but remains near 12-1/2 year peak
  • Forex -Dollar regains strength as China volatility eases
  • Forex -Dollar regains ground vs. yen, euro on PBOC move

EUR/USD
The euro trimmed losses against the U.S. dollar on Friday, but remained under pres- sure as upbeat U.S. jobs data lent support to the greenback and as Chinese markets stabilized. EUR/USD eased off 1.0803, the session low, to hit 1.0872 during U.S. morning trade, still down 0.55%. The pair was likely to find support at 1.0769, Thursday’s low and resistance at 1.0992, the high of December 29.The dollar strengthened broadly after the U.S. Labor Department said the economy added 292.000 jobs in December, beating expectations for a rise of 200.000. The U.S. economy added 252.000 jobs in November, whose figure was revised from a previously estimated 211.000 gain.

GBP/USD
The pound was almost unchanged against the U.S. dollar on Friday, hovering close to a five-year low after the release of downbeat U.K. trade balance data. GBP/USD hit 1.4533 during European morning trade, the session low; the pair subsequently consolidated at 1.4621.Cable was likely to find support at 1.4529, Thursday’s low and a five-year low and resistance at 1.4725, the high of January 5.The U.K. Office for National Statistics said the trade deficit narrowed to £10.64 billion in November from £11.20 billion in October, whose figure was revised from a previously estimated deficit of £11.83 billion.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4550 TARGET 1.4570 1.4600 SL 1.4520
  • SELL GBP/USD BELOW 1.4480 TARGET 1.4460 1.4430 SL 1.4520

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

11Jan
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 21.32 points or 0.78% higher to 2751.23, taking the year-to-date performance to -4.56%.
  • The top active stocks today were SingTel, which gained 2.60%, DBS, which gained 0.13%, Keppel Corp, which declined 0.34%, OCBC Bank, which gained 0.36% and CapitaLand, with a 0.64% advance.
  • The FTSE ST Mid Cap Index gained 0.31%, while the FTSE ST Small Cap Index rose 0.47%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 2.78%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 1.82% higher and 0.34% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.64%. Silverlake Axis shares remained unchanged and CSE Global declined 3.23%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (+0.36%), Spdr Gold Shares (+0.47%), Dbxt Csi300 Etf 10 (+2.79%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+1.35%), Capitacom Trust (unchanged), Capitamall Trust (+0.52%)
  • The most active index warrants by value today were : HSI20400MBePW160128 (-14.39%), HSI22000MBeCW160226 (-5.46%), CN11500MBeCW160428 (+17.31%)
  • The most active stock warrants by value today were : KepCorp MBeCW161212 (-8.33%), DBS MB eCW160705 (unchanged), UOB MB eCW160704 (+3.45%)

STOCK RECOMMENDATION :

  • BUY TRIYARDS HLGDS ABOVE 0.490 TARGET 0.510 0.540 SL 0.465

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

8Jan

Comex Trading Signals and Market News – 08 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Copper prices tumbled to six-week lows on Thursday, as steep declines on Chinese stock markets and a further depreciation of the yuan dampened appetite for the red metal.Copper for March delivery on the Comex division of the New York Mercantile Exchange plunged 6.0 cents, or 2.86%, to trade at $2.028 a pound as of 07:50 GMT, or 2:50AM ET. It earlier fell to $2.023, the lowest since November 24. On Wednesday, copper shed 0.7 cents, or 0.36%, following the release of disappointing Chinese service sector data.
  • Oil prices extended this week’s rout to hit levels not seen in more than a decade on Thursday, as mounting concerns over China’s economic outlook added to the view that a global supply glut may stick around for longer than anticipated. China is the world’s second largest oil consumer after the U.S. and has been the engine of strengthening demand.Market sentiment was hit after the People’s Bank of China set its official yuan midpoint rate lower compared with Wednesday’s fix.
  • Natural gas futures advanced 2 per cent in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity as forecasts for colder than normal weather in the US East Coast in the coming week bolstered the demand outlook for gas-fired heating at offices and homes in the world’s biggest economy.

ECONOMY NEWS :

  • The Indian government said on Thursday it agreed to accept demands set by the opposition Congress party to back a landmark tax reform, raising hopes a political standoff that blocked the measure throughout last year might be resolved. Parliamentary Affairs Minister Venkaiah Naidu also said the government was willing to bring forward the next parliament session to pass the proposed goods and services tax bill (GST) if Congress supports the measure.
  • German manufacturing orders jumped in November as domestic demand supported. The economics ministry said Thursday that total orders for Germany’s important manufacturing sector, adjusted for seasonal swings and calendar effects, increased 1.5% on the month. Domestic orders soared by 2.6% in November from the preceding month. Foreign orders rose 0.6%, held back by weak Eurozone demand.
  • The World Bank forecasts India to grow by a robust 7.8 percent this year and 7.9 percent in the next two years on the back of stronger domestic policy reforms, even as it cut its global economic growth forecast for 2016, citing weak growth among emerging markets. Developing economies are forecast to expand by 4.8 percent in 2016, less
    than expected earlier but up from a post-crisis low of 4.3 percent in the year just ended. Growth is projected to
    slow further in China, while Russia and Brazil are expected to remain in recession in 2016.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1100 TARGET 1105 1111 SL 1094
  • SELL GOLD BELOW 1095 TARGET 1090 1084 SL 1101

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

8Jan
forex-trading3

IForex Market Trading Signals and News – 08 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -AUD/USD drops to 2-month lows after mixed Australian data
  • Forex -NZD/USD bounces off 1-month trough but gains capped
  • Forex -Yen hit 4-1/2 month highs as yuan decline accelerates

EUR/USD
The euro rose to the day’s highs against the dollar on Thursday after data showing that the unemployment rate in the region fell to its lowest level in over four years, while economic sentiment unexpectedly improved last month.EUR/USD hit highs of 1.0807, the most since Monday and was last at 1.0846, up 0.64% for the day. The euro zone’s statistical bureau Euro- stat reported that the unemployment rate in the euro area fell to the lowest level in more than four years in November, dropping to 10.5% from 10.6% in November. It was the third straight monthly decline.Another report showed that euro zone economic sentiment unexpectedly improved in December.A survey by Eurostat and the European Commission showed that economic sentiment in the single currency bloc ticked up to 106.8 in December from November’s 106.1, compared to expectations for an unchanged reading.

GBP/USD
The pound fell to the lowest levels in five-and-a-half years against the dollar on Thursday as market turmoil in China bolstered safe haven demand for the dollar, while uncertainty over a U.K. referendum on European Union membership also weighed.GBP/USD hit lows of 1.4555, the lowest level since June 2010 and was last at 1.4564, off 0.46% for the day.Risk sentiment was hit after China’s yuan weakened further on Thursday, exacerbating fears over the outlook for the world’s second-largest economy. The People’s Bank of China set its official yuan mid-point rate lower compared with Wednesday’s fix.It was the largest daily drop in the midpoint rate since last August, when an unexpected near 2% devaluation of the currency sparked a broad based selloff in financial markets. A weaker yuan would help boost Chinese exports.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4600 TARGET 1.4620 1.4650 SL 1.4570
  • SELL GBP/USD BELOW 1.4560 TARGET 1.4540 1.4510 SL 1.4590

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

8Jan
sgx

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

MARKET UPDATES :

  • The Straits Times Index (STI) ended 74.36 points or 2.65% lower to 2729.91, taking the year-to-date performance to -5.30%.
  • The top active stocks today were DBS, which declined 2.48%, SingTel, which declined 1.98%, Keppel Corp, which declined 6.58%, OCBC Bank, which declined 2.45% and UOB, with a 2.49% fall.
  • The FTSE ST Mid Cap Index declined 2.11%, while the FTSE ST Small Cap Index declined 1.85%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.85%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 3.33% higher and 3.33% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 6.13%. Keppel Corp shares declined 6.58% and Sembcorp Industries declined 5.48%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-2.44%), Ishares Usd Asia Hy Bond Etf (-0.29%), Spdr Gold Shares (+0.88%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-2.20%), Capitamall Trust (-0.78%), Capitacom Trust (-3.29%)
  • The most active index warrants by value today were : HSI20400MBePW160128 (+85.92%), HSI21000MBePW160330 (+26.55%), HSI21200MBePW160128 (+40.14%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (-16.35%), KepCorp MB ePW160901 (+14.29%), DBS MB eCW160704 (-17.02%)

STOCK RECOMMENDATION :

  • BUY SARINE TECH AT CMP 1.590 TARGET 1.620 1.650 SL 1.545

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

7Jan
SGX

S&P: Sovereign downgrades likely to outpace upgrades this year

SINGAPORE:

  • Sovereign downgrades are likely to outpace upgrades in 2016, says Standard and Poor’s (S&P).
  • In its “Global Sovereign Rating Trends 2016” report, the ratings agency said that among the 131 sovereigns it rates globally, 25 had negative outlook against eight that were positive as of Dec 31, 2015.
  • “The outlook balance, positive minus negative outlooks, has dropped to minus 17 from the seven-year high of minus 4 in June 2015,” said S&P chief rating officer for sovereign ratings, Moritz Kraemer. “This constitutes the most negative six-monthly swing in the outlook balance since December 2008.”
  • In December 2015, S&P maintained Malaysia’s rating outlook at A- and stable, despite domestic and global developments.
  • Developments over the past year, ranging from the controversy surrounding state fund 1Malaysia Development Fund (1MDB), China’s policy shift and oil prices have not affected Malaysia’s economic prospects and fiscal balance sheet, S&P’s sovereign and international public finance ratings senior director Kim Eng Tan said.
  • “The key risk is political risk and even that has moderated,” Kim said, adding that growth projection remains robust with the sovereign rating agency expecting more than 4% this year and next.
  • Malaysia’s gross domestic product (GDP) expanded moderately by 4.7% in the third quarter of 2015.
    Malaysia’s fourth quarter and 2015 full-year GDP numbers will be announced in February.
  • S&P said the outlook distribution suggested that negative rating actions are likely to continue to outnumber positive actions over the coming 12 months.

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

7Jan

Comex Trading Signals and Market News – 07 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Brent oil prices fell to the lowest level since July 2004 on Wednesday, as worries over the health of the global economy added to the concerns that a global supply glut may stick around for longer than anticipated. On the ICE Futures Exchange in London, Brent oil for February delivery dipped 70 cents, or 1.94%, to trade at $35.72 a barrel as of 08:48 GMT, or 3:48AM ET, after sinking to $35.54, a level not seen in more than a decade.
  • Copper prices edged lower on Wednesday, after data showed that activity in China’s services sector grew at the slowest pace in 17 months in December, the latest indication that the world’s second-largest economy may be losing steam. The Caixin services purchasing managers’ index fell to 50.2 last month from November’s reading of 51.2, disappointing expectations for an uptick to 52.3.
  • Natural Gas futures were trading little changed in the domestic market during noon trade on Wednesday as traders weighed bearish weather forecasts which signaled that the current bout of frigid temperatures in the US East Coast are likely to give way to unusually warm weather by the end of the week while next week’s cold blast coming to the Midwest was looking slightly less severe than expected dimming the demand for gas-fired heating at offices and homes in the world’s biggest economy.

ECONOMY NEWS :

  • Japan services sector continued to expand in December, with a PMI score of 51.5, the latest survey from Nikkei revealed on Wednesday. That’s down marginally from 51.6 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. The composite index came in with a score of 52.2 in December, down from 52.3 in the previous month.
  • The services sector in China witnessed a mild expansion in December, the latest survey from Caixin showed on Wednesday with a 17-month low PMI score of 50.2. That’s down from 51.2 in November, although it remains barely above the boom-or-bust line of 50 that separates expansion from contraction. The composite index came in with a score of 49.4 in December, down from 50.5 in the previous month while turning to contraction.
  • Standard Chartered (L:STAN) is among three lenders that China’s central bank last week suspended from conducting some foreign exchange business until the end of March, two sources with direct knowledge told Reuters on Wednesday. Reuters reported on Dec. 30 that China’s central bank had suspended Deutsche Bank (DE:DBKGn) and two other lenders from conducting some of their foreign exchange business, China’s latest bid to stem capital fleeing the country in the face of a weakening yuan.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1085 TARGET 1090 1096 SL 1079
  • SELL GOLD BELOW 1078 TARGET 1073 1067 SL 1084

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

7Jan

IForex Market Trading Signals and News – 07 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Yen higher after more weak China data, North Korea concerns
  • Forex -NZD/USD hits 1-month lows amid growth, Middle East concerns
  • Forex -AUD/USD drops to 3-week lows in cautious trade

EUR/USD
The dollar edged higher against the eur on Wednesday, as concerns over global geopolitical tensions continued to dampen demand for riskier assets. EUR/USD edged down 0.12% at 1.0734.Investors remained cautious after North Korea confirmed on Wednesday that it had conducted a nuclear test and said that it won’t give up nuclear capability unless U.S. abandons its hostile foreign policy towards the country.Markets were also jittey amid growing tensions between Iran and Saudi Arabia, following the execution of a prominent Saudi Shia cleric. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.10% at 99.56.

GBP/USD
The pound dropped to a nine-month low against the U.S. dollar on Wednesday, after data showed that U.K. service sector activity expanded at a slower rate than expected in December and as market sentiment remained under pressure.GBP/USD hit 1.4620 during European morning trade, the pair’s lowest since April 2015; the pair subsequently consolidated at 1.4638, shedding 0.22%. Cable was likely to find support at 1.4563 and resistance at 1.4725, Tuesday’s high. Research group Markit said its U.K. services purchasing managers’ index fell to 55.5 last month from a reading of 55.9 in November. Analysts had expected the index to dip to 55.6 in December. Meanwhile, investors remained cautious after North Korea confirmed on Wednesday that it had conducted a nuclear test and said that it won’t give up nuclear capability unless U.S. abandons its hostile foreign policy towards the country.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4660 TARGET 1.4680 1.4710 SL 1.4630
  • SELL GBP/USD BELOW 1.4630 TARGET 1.4610 1.4580 SL 1.4660

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

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