Daily Archives: October 30, 2015


Comex Trading Signals and Market News – 30 October 2015


Copper prices declined on Thursday, as the Federal Reserve left open the possibility of a rate hike in December and amid persistent worries about future demand from top consumer China.Copper for December delivery on the Comex division of the New York Mercantile Exchange shed 2.4 cents, or 0.99%, to trade at $2.339 a pound during morning hours in London. A day earlier, copper ended little changed.The Fed left interest rates unchanged following a two-day policy meeting on Wednesday, as widely expected, but surprised the market with a hawkish statement, which included a direct reference to its next policy meeting. The central bank’s statement did not repeat that global risks would have a likely impact on the U.S. economy, as it warned at its last meeting in September.Investors interpreted that omission as a hawkish signal in deciding when to raise short term rates.

Oil futures pushed lower on Thursday, as a broadly stronger U.S. dollar prompted market players to lock in gains from the previous session’s 6% rally.Crude oil for delivery in December on the New York Mercantile Exchange slumped 61 cents, or 1.34%, to trade at $45.33 a barrel during European morning hours.The U.S. dollar surged to a two-month high against a basket of major currencies early Thursday after the Federal Reserve hinted at a possible rate hike in December. Dollar-denominated oil futures contracts tend to fall when the dollar rises, as this makes oil more expensive for buyers in other currencies. A day earlier, Nymex crude prices soared $2.74, or 6.34%, following the release of bullish U.S. weekly supply data.

Gold prices tumbled to a two-week low on Thursday, after the Federal Reserve signaled that a December rate hike was still on the table.Gold for December delivery on the Comex division of the New York Mercantile Exchange sank $18.00, or 1.53%, to trade at $1,158.10 a troy ounce during European morning hours. It earlier fell to $1,155.00, the lowest since October 13.A day earlier, gold jumped $10.30, or 0.88%, as investors priced in the release of a dovish monetary policy statement from the Federal Reserve. The Fed left interest rates unchanged following a two-day policy meeting on Wednesday, as widely expected, but surprised the market with a hawkish statement, which included a direct reference to its next policy meeting.


  • BUY GOLD ABOVE 1165 TARGET 1170 1176 SL 1159
  • SELL GOLD BELOW 1157 TARGET 1152 1146 SL 1164

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Forex Signals

IForex Market Trading Signals and News – 30 October 2015


  • FOREX -Dollar slips lower vs. rivals ahead of GDP data
  • FOREX -Dollar eases but still close to 2-1/2 month highs after Fed
  • FOREX -Dollar holds higher ground vs euro as Fed/ECB policies diverge

EUR/USD has reversed directions on Thursday and posted modest gains. In the European session, the pair is trading at 1.0960. The euro lost over 100 points on Wednesday, as the Fed surprised the markets with a hawkish policy statement. EUR/USD briefly dropped below the 1.09 line, the first time this has happened since August. In Thursday’s economic news, German Unemployment Change met expectations, and we’ll get a look at German CPI later in the day. There are two key releases out of the US on Thursday – Advance GDP and Unemployment Claims. The US will wind up the week with one market-mover on Friday – US Employment Cost Index.

The GBP/USD pair trades almost unchanged at 1.5265, re-attempting session highs posted at 1.5275 post. European open. The GBP/USD pair remains stuck in a 20-pips narrow over the last few hours, little affected by the release of upbeat datasets from the UK. The mortgage market in the UK remained on a solid footing in September, with an increase in the value of loans remained at more than a seven-year high. While the net-lending figures to individual grew to 4.9B above expectations of a drop to 4.4B.The single currency found some support after data earlier showed that the number of unemployed people in Germany decreased by 5,000 this month, better than expectations for a drop of 4,000.Elsewhere, the dollar was steady against the pound, with GBP/USD at 1.5269.


  • BUY GBP/USD ABOVE 1.5280 TARGET 1.5300 1.5330 SL 1.5250
  • SELL GBP/USD BELOW 1.5220 TARGET 1.5200 1.5180 SL 1.5250

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Financial Sgx Singapore Stock Market Trading Picks And News – 30 October 2015


  • The Straits Times Index (STI) ended 39 points or 1.28% lower to 3001.51, taking the year-to-date performance to -10.81%.
  • The top active stocks today were Singtel, which declined 1.98%, DBS, which declined 0.69%, OCBC Bank, which declined 1.30%, CapitaLand, which declined 2.49% and Noble, with a 2.80% fall.
  • The FTSE ST Mid Cap Index declined 0.76%, while the FTSE ST Small Cap Index declined 0.75%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.76%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 3.33% higher and unchanged respectively.
  • The under performing sector was the FTSE ST Real Estate Holding and Development Index, which slipped 1.95%. Hongkong Land Holdings shares declined 2.31% and Global Logistic Properties declined 1.72%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-1.29%),SPDR Gold Shares (-1.04%),Lyxor ETF Indonesia 10 (-5.08%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.82%),CapitaLand Mall Trust (-1.73%),CapitaLand Commercial Trust (-1.40%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (-15.39%),HSI22400MBePW151230 (+12.23%),HSI23800MBeCW151230 (-8.13%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW160406 (-8.33%),DBS MB ePW160111 (+4.62%),DBS MB eCW160201 (-11.43%)


  • BUY LOYZ ENERGY ABVE 0.082 TARGET 0.085 0.090 SL 0.077

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