Forex And Comex Report-30th Sept 2015

EUR/USD

EURUSD fell slightly during the day on Wednesday, after making a Doji on the daily chart. Though the pair is in the up trend so we believe that the pair will bounce back around 1.1295 level. With the next daily and monthly candle we feel market may give some consolidation range so we can be short term traders in this market.

GBP/USD

GBPUSD rose during the day as the quarter on quarter Final GDP came out. Also, the pair has changed the trend with the Doji on the daily chart. We now feel that it is only a matter of time that the pair will reach 1.53 level. The monthly candle is also expected to change the trend and take the market up.

AUD/USD

AUDUSD went up and forth during the day slicing towards 0.7030 level. The 0.7045 level is giving massive resistance so if we break this level we may head up to 0.7135 level to the up. Though the pair is in the longer term down trend, we believe that with the new monthly candle we may change the trend. If not, we are longer term sellers below 0.69 level.

NZD/USD

NZDUSD rallied during the day, trying to reach 0.6400 level. Looking at the 4 hourly chart, the pair is in the up trend so if we cross 0.6400 level we are buyers for the short term. The pair is in the longer term down trend so with the next daily and monthly candle we may get a clear picture that whether the pair is changing its trend or it will continue to be in the longer term down trend.

STI MARKET REVIEW - 28th Sept

Straits Times Index (STI) opened on Monday slightly lower at 2,828.07 points, down 4.57 points or 0.16 per cent and ended 40.72 points or 1.44% lower to 2780.74. STI came off from its intra-day peak of 2829.64 and low of 2780.74.

Singapore stocks sank in first half of Monday session as worries build about global growth and volatility spilling out from China. STI kicked off the week on a distinctly poor note, dropping 40.72 points or 1.4 per cent to 2,791.92, its lowest close since June 2012.

LOCAL BOURSE

Singapore's manufacturing sector continues to be a negative in the economy in third quarter of 2015. The headline inflation forecast for Singapore at between -0.5% and 0% for 2015.

Singapore inflation fell 0.8 per cent in August compared to a 0.4 per cent slide in July.

Market forecast:

STI is expected to consolidate with bearish sentiment as technically market has fallen more than 20 percent which is generally taken to be an indicator of a bear market. STI has broken the crucial support level of 2800. STI has its next support level at 2768. If it breaks this level it might falls upto 2735. Investor sentiments are cautious over the slowdown of china’s economy as data showing China industrial profits has fallen 8.8 per cent.

STI COUNTER SPECIFIC NEWS

• Olam International, a commodity trader controlled by Singapore investment company Temasek Holdings, plans to more than double coffee-plantation acreage in Africa to improve quality control on the continent.
• Sunright has reported a increase in net profit to S$3.1 million for its full year ended July 31, 2015
• CMC Infocomm Ltd won S$4 million worth of contracts from Singapore telcos.

GLOBAL FACTORS AND WORLD INDICES:

• The Straits Times Index on Monday kicked off the week on a distinctly poor note, dropping 40.72 points or 1.4 per cent to 2,791.92, its lowest close since June 2012.
• Malaysian shares closed lower on Tuesday with the Kuala Lumpur Composite Index slipping 6.58 points to 1,608.43. Some 1.64 billion lots, valued at RM1.55 billion were traded. Losers outnumbered gainers 412 to 366.
• Chinese stocks rose, paring the benchmark index's biggest quarterly loss since 2008, as a rally for technology companies overshadowed a report showing industrial companies' profits dropping the most in at least four years. The Shanghai Composite Index climbed 0.3 per cent to 3,100.76 at the close, erasing a loss of as much as 1.6 per cent.
• Tokyo shares closed 1.32 per cent lower Monday as the yen strengthened and an ex-dividend issue affecting Topix-listed firms weighed on sentiment. The benchmark Nikkei 225 index shed 235.40 points to end at 17,645.11, while the broader Topix index of all first-section shares was down 1.04 per cent, or 15.14 points, at 1,438.67.
• Asian stocks sagged on Monday after Wall Street's uninspiring Friday performance and ahead of key economic indicators, while the dollar consolidated its gains against the yen and euro.
• Prices of completed non-landed private homes in Singapore fell 0.6 per cent in August 2015 over July, according to the National University of Singapore (NUS) flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Monday.
• Competition authorities in Switzerland announced an investigation into some of the world's biggest banks, including HSBC Holdings Plc, on suspicion that they colluded to manipulate the prices of gold, silver and other precious metals.
• Oil halted its advance near US$45 a barrel as a drop in Chinese industrial companies' profits signaled demand may be weakening in the world's second-biggest consumer.
• Indonesia stock index fell 1 per cent on Monday, extending its losses to a fifth day and reaching its lowest point since Aug 26.The index lost 3.9 per cent between Tuesday and Friday, as the rupiah continued

Weekly Technical view on STI : 21st Sept 15 to 25th Sept 15

Weekly wrap of STI:

Straits Times Index (STI) opened at 2855.04 ie., 24.55 or 0.85% lower and ended at 2832.64 ie., 46.95 points or 1.63% lower to 2832.64 this week. STI came off from its weekly peak of 2904.98 and low of 2816.76.
Singapore's August industrial production data due later today will likely hint at a risk of a technical recession, says DBS. A technical recession occurs when there are two consecutive quarters of decline in gross domestic product. According to prediction a 6.8% on-year decline in industrial output in August.



LOCAL BOURSE

Factory output contracted for the seventh consecutive month in August, performing worse than private-sector forecasters had expected. The latest manufacturing data, which showed output sliding 7% last month from a year ago, came in below the 5.3% decline forecast.
Consumer confidence in Singapore fell 0.9 point to 129.6 in September on heightened concerns about the economy in the next five years.
TI remained in negative sentiment this weak. It is expected to consolidate next week. It has it weekly support at 2800. STI may take reboud after taking support at 2800. Concern over US interest rate has increased after FED officials and Janet Yellen made a statement supporting rate hike by the end of this year. Market sentiment over slowdown of China’s economy is also negative.

TI COUNTER SPECIFIC NEWS :

• IPS Securex Holdings has placed out 8.9 million shares to "certain institutional investors" at 71 cents per share to raise $6.32 million.
  
• Ezra Holdings says Capt. Adarash Kumar Chranji Lal Amarnath has stepped down as group chief operating officer and executive director of the company effective Friday. His resignation is in compliance with the Code of Corporate Governance 2012 of having independent directors making up at least half of the board.
  
• Emas Offshore named Ezra ex-COO as CEO.
  
• NOL couldn't explain high volume, except maybe market talk of Temasek selling stake.
  
• Olam Intl is eyeing at US$2.72bn opportunity for acquisitions from commodity crisis.
  

GLOBAL FACTORS & WORLD INDICES:

• Shares in Hong Kong ended the week on a high Friday after tumbling more than three per cent in the previous two sessions but ongoing concerns about China's economy saw Shanghai check out with heavy losses. Hang Seng Index added 0.43 per cent, or 90.34 points, to close at 21,186.32.
• The pan-European FTSEurofirst 300 index, which had fallen 2.1 per cent on Thursday, climbed back up 2.2 per cent in early trading, while the euro zone's blue-chip Euro STOXX 50 index also advanced 2 per cent. Nevertheless, the FTSEurofirst was still down 2.3 per cent from the end of last week.
• The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.6 per cent, to 3,231.95, while the Shanghai Composite Index lost 1.6 per cent, to 3,092.35 points.
• Australian shares fell 0.6 per cent on Friday led by losses in banks after US Federal Reserve Chair Janet Yellen said she expects the central bank to begin raising rates later this year. The index ended the week down 2.5 per cent, after two straight weekly gains. It has lost 3.2 per cent in September so far, after falling 8.6 per cent in August - its worst monthly performance since the global financial crisis.
• Tokyo shares gained 1.76 per cent Friday, shrugging off a weak inflation report after Federal Reserve Chair Janet Yellen hinted at a US rate hike by the end of 2015.
• Taiwan stocks were up slightly on Friday after the central bank cut its benchmark interest rate for the first time since 2009 as the island's export-driven economy faces headwinds from a China-led global economic slowdown.
• Indonesia's economy is expected to grow at more than 5 per cent in the fourth quarter, a central bank official said on Friday, adding that gross domestic product was expected to expand at an annual 4.9 per cent pace in Q3.
• Gold dropped from its highest in a month on Friday as the dollar rallied on an assurance from Federal Reserve chair Janet Yellen that the US central bank would begin raising rates this year.
• Oil markets remained subdued in early trading in Asia on Friday after weak data from Japan reinforced concerns over global economic growth.

Singapore News Highlights - 23rd Sept 2015

• Singapore share prices opened lower with the Straits Times Index (STI) down 11.23 points or 0.39 per cent to 2,857.24
• Asian shares slipped on growth anxiety focus now shifts to China PMI.
• Asian futures point to more stock losses before China factory PMI
• Rowsley has decided not to wait for the Iskandar residential market to recover.
• YuuZoo Corporation is appointing James Sundram as chief executive officer, from Oct 1.
• SGX could face toughest questions yet at an annual shareholders' meeting as pressure mounts to find new sources of revenue.
• DBS will introduce cashless options through mobile app to F&B outlets in Singapore.
• NOL couldn't explain high volume, except maybe market talk of Temasek selling stake
• Industrial Reit in Singapore will remain resilient in the face of the current economic slowdown, underpinned by its "robust" financial profiles.
• Oil moves up on falling US inventories.
• De Beers has pushed gift-giving to halt China's diamond slowdown.
• Gold retains losses as firmer dollar.
• Dollar rises as Fed seen hiking rate this year.
• Impact of China slowdown is bigger than expected :IMF

STI MARKET REVIEW - 22nd Sept 2015

Singapore share prices opened higher on Tuesday with the Straits Times Index (STI) up 11.13 points or 0.39 per cent to 2,890.11 and ended 12.58 points or 0.44% higher to 2869.69. STI came off from its intra-day peak of 2890.11 and low of 2862.72.

Singapore equities inched up at noon, with no clear direction to trading and little in the way of local new cues. STI rose 0.42% to 2,894.40. Market breadth was positive. However, later in the day STI was dragged in red through heavy selling in the market.

LOCAL BOURSE

Singapore's GDP grew at a slower pace of 1.8% on-year in the second quarter, from 2.8% in the first quarter. On a quarter-on-quarter seasonally-adjusted annualized basis, the economy contracted by 4.0%, a reversal from the 4.1% growth in the preceding quarter.

Singapore is experiencing hazy conditions on Tuesday, with the Pollutant Standards Index (PSI) staying at the high end of the moderate range. PSI was 79 to 91. The three-hour PSI, which is not linked to any health advisory, had been rising since morning.

Market forecast:

STI is expected to take side ways trend. It has support level at 2850, if it breaks this level it may down till 2830. It is trading within the range of 2830 - 2905. It has its resistance at 2905.

STI COUNTER SPECIFIC NEWS

• A subsidiary of Magnus Energy is forking out A$1 million (S$1 million) in cash to subscribe for 8 million shares in a new Australian oil and gas company.
• Neptune Orient Lines (NOL) on Tuesday said that besides reports that surfaced in July saying Singapore state investment firm Temasek Holdings has put it up for sale, it was not aware of anything else which might explain the trading in its shares.
• DBS has ambitions to introduce cashless options through a first-of-its-kind mobile application to hawker centers and quick-serve restaurants in Singapore, a senior bank executive said on Tuesday.
  
  

GLOBAL FACTORS AND WORLD INDICES:

• Shares in Hong Kong rose Tuesday following gains in New York after top Federal Reserve officials moved to reassure dealers about the US economy after being spooked by last week's decision to hold interest rates. The Hang Seng Index climbed 0.18 per cent, or 39.65 points, to close at 21,796.58.
• China stocks rebounded for the second day on Tuesday, in a further sign of improving investor sentiment that may help the market gradually stabilise after the rout since mid-June.
• Asian shares rose on Tuesday and the dollar held steady as US markets bounced back and the European Central Bank said it was prepared to ease monetary policy further.
• Taiwan stocks rose on Tuesday mostly following overseas markets and some bargain hunting after the previous day's losses, but further gains were capped due to uncertainties ahead of the central bank's policy meeting.
• The introduction of a new accounting standard for financial instruments will be challenging for the banking industry, especially when it comes to modeling for expected losses, the European Central Bank's supervisory chief said on Tuesday.
• The dollar advanced against the euro and other leading currencies Monday on comments from US central bankers who continue to eye a 2015 interest rate increase.
• US home resales fell more than expected in August, a cautionary sign for the US housing market which has recently looked on stronger footing. The National Association of Realtors said on Monday existing home sales dropped 4.8 per cent to an annual rate of 5.31 million units.
• Gold steadied below a near three-week high on Tuesday, retaining overnight losses as Asian equities and the dollar edged higher and as investors worried over the possibility of a US interest rate hike later this year.
• Oil prices rebounded on Monday , looked like a technical correction from heavy losses last week as the basic global oversupply picture remained intact.

Singapore Updates Today

• Singapore share prices opened lower with the Straits Times Index (STI) down 21.85 points or 0.76 per cent to 2,857.74.
• Olam Intl is eyeing at US$2.72bn opportunity for acquisitions from commodity crisis.
• Sembcorp has agreeed to divest SembSita Pacific for A$485m.

• Ascendas Reit is snapping up a portfolio of 26 logistics properties at one go for A$1.01 billion (S$1.02 billion).
• Oil prices edged up as US drilling declines.
• Police arrested 27-year-old man over Singapore Grand Prix track invasion.

The Basics Of Stock Investment - SGX Market

When it comes to investing in SGX market, off course no one expects to lose the capital. Moreover, everyone wants to earn capital and succeed.

Here are various strategies you should follow to grow chances of winning in the market.

It’s Necessary to Be Updated While Investing in Stock Market:

The stock market involves number of investors with conflicting views because if one investor sells out a particular stock, next investor buys it. As both the investors have different views while buying a stock, it is conflicting system.

Overall, if one investor makes good profit; other might suffer from loss. Therefore, it’s necessary to be updated about stock trading with correct Stock Picks to get succeed.

Avoid Predicting the Market:

Well, there are so many reasons why stock prices get up or down. Some of the reasons include rumors by media, perspective of various experienced investors, risk factors, supply & demand and because of the presence of various suitable alternatives.

Because of above mentioned factors & related information creates the reason for stock price to fluctuate, as a result of which buyers & sellers are unable to predict the future market conditions.

If sellers increase, the price of stocks will definitely fall. In the same way, if buyers will be more than sellers, stock prices will get rise. In addition to this, it’s necessary to get Stock Trading System from trustworthy firm to analyze the market properly before investing.

The Final Word:

When making stock investment in SGX market, as there are investors on the other side who are ready to buy the stocks you’re selling (vice versa), you should be able to take good decision before investing.

USD/SGD at a Glance

U.S. Dollar (Currency code: USD)

• Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed)
• The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD.
• The U.S.A. has by far the largest economy in the world.
• America faces challenges from developing economies, and has consistently large trade deficits with other nations.

Singapore Dollar (Currency code: SGD)

• Central bank: The Monetary Authority of Singapore
• The Singapore dollar (also called Sing) is used by one of the world’s most prosperous countries.
• Singapore has a highly developed free-market economy characterized by stable prices and an open environment free of corruption.
• The economy is driven by exports, particularly in consumer electronics, IT products, pharmaceuticals and other chemicals.
• A growing financial services sector has positioned Singapore as the Southeast Asia’s financial hub.

KLCI Technical Reports : 15th Sept 2015

Market Review for KLCI:

The FBM KLCI index gained more than 25 points in late afternoon trade on Monday.Local sentiment improved after Prime Minister has announced a government equity investment firmwould be given 20 billion ringgit ($4.6 billion) to shore up the country's stock market, and announced other measures to support its slowing economy.

The Finance Index increased 1.59% to 14239.33 points, the Properties Index up 0.32% to 1140.27 points and the Plantation Index rose 2.50% to 7062.07 points. The market traded within a range of 44.79 points. high of 1645.49 and a low of 1600.70 during the session.

The KLCI closed higher at 1639.63 points amid gains in US Market on last Friday before a Federal Reserve interest rate decision this week. Local sentiment improved after Prime Minister has announced several new measures to strengthen the economy.There were 303 gainers and 381 losers

Market forecast for KLCI:

The FBM KLCI index is expected to trade with bullish sentiments in coming session supported by the positive measures taken by the local government to boost Malaysia’s economy.Technically the KLCI index had crossed the level of 1614 and it may reach the level of 1660 in near term. 

WORLD INDICES
DOW JONES	16433.09
SHANGHAI	3263.428
NIKKEI	17965.70

KLCI COUNTER SPECIFIC NEWS :

• Malaysian stocks headed for a four-week high, led by a rally in state-controlled companies, after Prime Minister Najib Razak said the government will tap a fund to support the nation's equities.
• Berjaya Food Bhd’s net profit rose 1.73% to RM6.11 million for the first quarter ended July 31, 2015 against RM6.0 million in the previous corresponding period.
• Genting Malaysia Bhd, which is on track to meeting the demands that the Genting Integrated Tourism Plan (GITP) will make on it next year, sees value in reclaiming the Guinness Book of Records title for operating the world’s largest hotel.
• Bank Negara Malaysia (BNM) has maintained the overnight policy rate at 3.25% as it remains accommodative and supportive of economic activity.
• Petronas Dagangan, Petronas Gas and MISC led the FBM KLCI higher in early Monday trade amid a mixed market while investors awaited measures from the government to strengthen the economy.

Singapore News Highlights : 14th Sept 15

• Singapore shares opened marginally lower with the benchmark Straits Times Index falling 2.18 points or 0.09 per cent to 2,885.85.
• China interbank market has opened lending facilities to qualified members.
• Oil Search has rejected Woodside's US$8b takeover bid as too low.

Malaysia News Highlights : 11th Sept 2015

• Malaysian share prices defended its 1,600-point despite being weighed by losses including at index-linked banking stocks.
  The FTSE Bursa Malaysia Kuala Lumpur Composite was down 6.38 points to 1,607.64.
   
• MIDF Research expects the ringgit to strengthen to between 4.00 and 4.20 against the US dollar within the next few months and in turn positively impact the local stock market.
   
• Foreign funds and retail investors were net sellers on Bursa Malaysia on Thursday, according to BIMB Securities Research.
   
• IOI Corporation Bhd is buying the entire oleochemicals business of Germany's Cremer Oleo GmbH & Co KG for 89.4 million euros, or about RM433 million.
   
• KNM Group Bhd's indirect 70%-owned joint venture company CNI Engineering & Construction Malaysia Sdn Bhd has been awarded a US$42 million (RM183 million) erection work contract by Toyo Thai Malaysia Sdn Bhd.

Forex Technical Analysis : 10th Sept 2015

EUR/USD

EURUSD went back and forth during the day on Wednesday, to find support somewhere near the 1.1150 level. The support may extend till 1.11 level to for short term pull backs we are buyers. We will not place any longer term trade in this market as we can see consolidations between 1.11 level and 1.13 level to top.

GBP/USD

GBPUSD slightly fell during the course of the day on Tuesday. We believe that we have broke the down trend and so we can be buyers with this pair.

Once we break above 1.53 level we are going to touch 1.55 level to the top. With the MPC official bank rate we can wait for opportunities in this market

AUD/USD

AUDUSD fell during the course of the day on Wednesday, as the area above the 0.70 level continues offer resistance. We are not surprised in this move, and we believe that a move back below the 0.70 level should send this market down to the 0.69 level again. We believe that any rally at this point time has to be looked at as a potential selling opportunity, as the Australian dollar continues to soften in general. On top of that, the gold markets got absolutely pummelled during the session, which of course is very bearish for the Aussie.

USD/CAD

USDCAD went back and forth during the day on Wednesday as the Bank of Canada had an interest rate announcement. However, we are most certainly in a decent up Trend, and we are only looking to buy this pair. We believe that the 1.30 level below is support, and that should continue to be the case going forward. In fact, we feel that the support level runs all the way down to the 1.28 level.

Singapore News Highlights : 9th Sept 15

• Singapore shares opened higher with the Sti up by 12.9 points at 2,898.22.
• Asian stocks up on China optimism as Japan shares rebound.
• Two KLW shareholders are seeking to remove three directors.
• Director of suspended China Essence has quit after one month on job.
• Local Chinese officials have asked Hu An Cable to sell Chinese units.
• HG Metal has sued Gayathri Steels for S$1.8m, faces S$2.1m counter-claim.
• CEFC has inked procurement and supply deal with Shanghai oil & gas group.
• China's finance minister targets fiscal policy & infrastructure to support economy.
• Dollar showing mixed sentiments amid uncertainty over Fed rate hike.
• Oil prices also mixed after Chinese trade data.

Singapore News Highlights : 7th Sept 15

• Singapore market opened lower with the benchmark Straits Times Index falling 27.22 points to 2,836.59.
• Asian stocks extended the retreat with oil as Chinese markets resume.
• YuuZoo has secured S$30m funding from GEM Global.
• Keppel Reit has buyed three retail units in Melbourne for A$8.6 million.
• Ramba Energy will farm out 25% of Lemang project to strategic investor.
• Ezra's subsea arm has been awarded project in offshore Trinidad.
• China Essence reported unauthorised transactions in 2 units.
• Dollar nurses losses due to US jobs offer little clarity on Fed move.
• Chinese stocks' regulator says to deepen reforms, markets more stable

Singapore News Highlights- 3rd Sept 15

• Singapore shares opened just north of unchanged, with the Straits Times Index up by 0.74 points to 2,878.87 due to an overnight rally in US markets.
• Oceanus completes restructuring of loans and warrants.
• KLW resumed its trading after change in major shareholder.
• Otto Marine wins US$25.2m charter contracts.
• Ellipsiz appoints LH's Chng Hee Kok as chairman.
• CapitaLand's Ascott wins four contracts in Asia.
• IMF said Impact of China slowdown larger than expected on Global economy, especially on emerging markets.
• Oil showed modest rebound after mixed US petroleum data.
• Asian consumers are missing out on full benefit of crude oil slump.