Daily Archives: October 29, 2015


Comex Trading Signals and Market News – 29 October 2015


Gold prices inched higher on Wednesday, as investors looked ahead to the Federal Reserve’s monetary policy statement due later in the session for fresh signals on the timing of a U.S. interest rate hike. Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $5.00, or 0.43%, to trade at $1,170.80 a troy ounce during European morning hours. A day earlier, gold shed 40 cents, or 0.03%. The Fed is widely expected to hold off on raising interest rates at the conclusion of its policy meeting later in the day. The central bank releases its post-meeting statement at 2:00PM ET and investors will be looking for signals on the possibility of a December rate hike.

• West Texas Intermediate oil futures held near a two-month low on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a faster pace than expected last week. Crude oil for delivery in December on the New York Mercantile Exchange inched up 21 cents, or 0.5%, to trade at $43.42 a barrel during European morning hours.On Tuesday, Nymex crude prices lost 78 cents, or 1.77%. It earlier fell to $42.58, a level not seen since August 28, as oversupply concerns remained a factor for oil markets.The U.S. Energy Information Administration will release its weekly report on oil supplies at 10:30AM ET Wednesday. The data was expected to show that crude inventories rose by 3.4 million barrels last week, while gasoline stockpiles were forecast to decline by 0.8 million barrels.

Copper futures fell to a one-week low on Wednesday, as persistent worries about future demand from top consumer China weighed. Copper for December delivery on the Comex division of the New York Mercantile Exchange shed 1.1 cents, or 0.45%, to trade at $2.351 a pound during morning hours in London. It earlier fell to $2.341, the lowest since October 21. On Tuesday, copper inched up 0.5 cents, or 0.21%. Copper prices have been under pressure in recent weeks as fears of a China-led global economic slowdown spooked traders and rattled sentiment.China’s economy grew 6.9% in the third quarter, according to data released earlier in the month, the first time since the global financial crisis that the Asian nation’s gross domestic product has grown less than 7%. Concerns over a global economic slowdown led by China and its impact on U.S. growth prospects have prompted market participants to push back expectations for a rate increase to March 2016, though a few haven’t completely ruled out a move in December.


  • BUY GOLD ABOVE 1175 TARGET 1180 1186 SL 1169
  • SELL GOLD BELOW 1165 TARGET 1160 1154 SL 1159

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IForex Market Trading Signals and News – 29 October 2015


FOREX -Dollar edges up as Fed statement looms
FOREX -NZD/USD falls ahead of Fed, RBNZ statements
FOREX -AUD/USD drops to 1-month lows on Australian inflation data

EUR/USD treaded water during the session . The range of trading did not exceed 50 pips, while important US fundamentals failed to provide this currency pair with any momentum. Bears want to push the cross below monthly S1 at 1.1022, but they will have to overcome the long term downtrend at first. As the US is heading towards FOMC meeting later on Wednesday, EUR/USD will most likely remain vulnerable to any influential events. In case more members decide to vote for a rate hike, we may see the cross trading below 1.10. Meanwhile, daily indicators prefer to stay neutral at the moment.

The GBP/USD pair fell during the course of the day on Tuesday, but did bounce a little bit towards the end. Nonetheless, this looks like a market that although soft, isn’t quite ready to go anywhere yet. We believe that the market continues to go back and forth during the course of the next several sessions, thereby making it almost impossible to trade at this point in time. The 1.52 level below is massively supportive, while the 1.55 level above is massively resistive. Because of this, we are actually going to step to the sidelines. Moreover, rebounding oil prices and solid gains on the UK’s FTSE index also boosts the sentiment around the British pound, keeping GBP/USD supported. Meanwhile, the major continues to track the broader sentiment with the focus now shifting to the much awaited FOMC decision.


  • BUY GBP/USD ABOVE 1.5320 TARGET 1.5340 1.5380 SL 1.5282
  • SELL GBP/USD BELOW 1.5250 TARGET 1.5210 1.5170 SL 1.5290

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Financial Sgx Singapore Stock Market Trading Picks And News – 29 October 2015


  • The Straits Times Index (STI) ended 12.02 points or 0.39% lower to 3040.51, taking the year-to-date performance to-9.65%.
  • The top active stocks today were DBS, which declined 1.52%, Singtel, which gained 1.00%, OCBC Bank, which declined 0.86%, UOB, which declined 1.33% and Noble, unchanged.
  • The FTSE ST Mid Cap Index declined 0.23%, while the FTSE ST Small Cap Index declined 0.27%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 0.87%. The two biggest stocks of the Index – Singtel and StarHub – ended 1.00% higher and 0.27% lower respectively.
  • The underperforming sector was the FTSE ST Financials Index, which slipped 0.76%. DBS Group Holdings shares declined 1.52% and OCBC declined 0.86%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Indonesia ETF (-0.83%), Lyxor China H 10 (-1.07%), Lyxor Hang Seng Index Fund 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-2.79%), CapitaLand Mall Trust (-1.46%), Mapletree Ind Tr (+0.33%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (-10.35%), HSI22400MBePW151230 (+6.92%), HSI22000MBePW151127 (+6.06%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (-10.08%), DBS MB eCW160201 (-11.02%), DBS MB ePW160111 (+7.45%)


  • BUY ADDVALUE TECH ABOVE 0.073 TARGET 0.075 0.079 SL 0.067

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