Daily Archives: November 4, 2015

4Nov

Comex Trading Signals and Market News – 04 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude oil futures were pressured on Tuesday by oversupply and worries the dollar will strengthen when the U.S. Federal Reserve eventually raises interest rates. “Crude continues to remain under pressure due to emerging supply-side news and slowing Chinese demand. Russian oil output broke a post-Soviet record in October for the fourth time this year. News from Iran is also painting a negative picture,” ANZ said in a morning note.
  • Copper prices struggled near four-week lows on Tuesday, 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 0.5 cents, or 0.23%, to trade at $2.314 a pound during morning hours in London.A day earlier, copper prices fell to $2.288, the lowest since October 2, after a pair of disappointing manufacturing reports underlined concerns over the health of China’s economy.
  • Gold prices struggled to move away from the lowest level in four weeks on Tuesday, amid speculation the Federal Reserve will raise interest rates at its next meeting in December.Gold for December delivery on the Comex division of the New York Mercantile Exchange shed 60 cents, or 0.05%, to trade at $1,135.30 a troy ounce during European morning hours. Gold had rallied in October as concerns over a global economic slowdown led by China and its impact on U.S. growth prospects had prompted market participants to push back expectations for a rate increase to March 2016.

ECONOMY NEWS :

  • The global economy is expanding at a moderate pace, with some further softening inconditions in the Asian region, continuing US growth and a recovery in Europe, noted theReserve Bank Of Australia (RBA) in a statement after it decided to leave its cash rateunchanged at 2%. Key commodity prices are much lower than a year ago, in part reflectingincreased supply, including from Australia. Australia’s terms of trade are falling.
  • European Central Bank board members have regularly met with banks and hedge funds privately just days before interest rate decisions, when typical practise prohibits them from discussing monetary policy, documents released by the bank showed. The ECB’s transparency has come under heightened scrutiny since board member Benoit Coeure told a closed-door meeting in May that the bank would front-load its asset purchases during the summer months, sending the euro sharply lower the next day when the remarks were made public.
  • Japan’s new car sales in October dropped 4.1% from a year earlier to 380,089 units. For the 10th straight monthly year-on-year drop, sales of minivehicles which have engines no larger than 660 cc fell around 11% to 139,200 units, the Japan Light Motor Vehicle and Motorcycle Association (JAMA) said in a latest update. However, sales of vehicles other than minivehicles edged up 0.2% to 240,889 units from the previous year following a 3% drop in the previous month.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1135 TARGET 1140 1146 SL 1129
  • SELL GOLD BELOW 1128 TARGET 1113 1107 SL 1134

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

4Nov
forex-market-hours

IForex Market Trading Signals and News – 04 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX – Higher risk appetite drives Aussie higher as RBA stands pat
  • FOREX – Dollar treads water, Aussie edges up after RBA stands pat
  • FOREX – Euro steady on ECB comments; yen falls on U.S., Europe data

EUR/USD
The EUR/USD pair trades -0.34% lower at fresh session lows of 1.0977, moving further away from 1.10 barrier. Growing monetary policy divergence between the Fed and ECB, with the former on track to raise rates this year and the ECB hinting last month of further easing in Dec, continues to weigh on the EUR/USD pair. Moreover, Monday’s better than expected US manufacturing PMI reports further fueled rate hike bets for this year and keeps the shorter-duration US treasury yields underpinned, thus boosting the USD bulls. The 2-year treasury yields now rally over 1.14% to 0.762%. Meanwhile the USD index rises 0.24% to 97.23. Later in the day, markets eagerly await the US factory data and ECB Draghi’s speech due for fresh insights on the EUR/USD pair. The EUR/USD pair finally gave away the 1.10 handle and accelerated to the downside in the mid-European trades, failing to benefit from weak European stocks amid broad based US dollar rebound.

GBP/USD
The pound remained almost unchanged against the dollar on Tuesday after data showing that the U.K. construction sector posted another month of solid growth in October. GBP/USD was last at 1.5411 from around 1.5418 ahead of the data. The Markit U.K. construction purchasing man- agers’ index ticked down to 58.8 last month from 59.9 in September, matching economists’ forecasts. Business activity continued to rise in all three construction sub-categories, survey compiler Markit said. The report came one day after a similar survey of the U.K. manufacturing sector showed that activity expanded at the fastest rate in 16 months in October, bolstering the outlook for fourth quarter growth. The Federal Reserve left rates on hold last week but indicated that it could still raise interest rates for the first time since 2006 at its December meeting. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.17% to 97.17.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5420 TARGET 1.5440 1.5470 SL 1.5390
  • SELL GBP/USD BELOW 1.5360 TARGET 1.5340 1.5310 SL 1.5390

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

4Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 25.15 points or 0.85% higher to 2999.56, taking the year-to-date performance to – 10.86%.
  • The top active stocks today were DBS, which gained 2.03%, OCBC Bank, which gained 2.12%, SingTel, which declined 0.51%, UOB, which gained 0.59% and Ascendas Reit, with a 0.85% fall.
  • The FTSE ST Mid Cap Index gained 0.83%, while the FTSE ST Small Cap Index rose 0.90%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 3.36%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 5.98% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.38%. SingTel shares declined 0.51% and StarHub rose 1.12%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (-0.27%), Dbxt Csi300 Etf 10 (+0.33%), Dbxt Ftse Vietnam Etf 10 (+0.92%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.85%), Capitamall Trust (+0.26%), Capitacom Trust (-1.08%)
  • The most active index warrants by value today were : HSI22000MBePW151127 (-18.09%), HSI23400MBeCW151127 (+14.82%), HSI22400MBePW151230 (-11.41%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (+7.63%), DBS MB eCW160201 (+23.81%), DBS MB eCW160128 (+19.42%)

STOCK RECOMMENDATION :

  • BUY SILVERLAKE ABOVE 0.630 TARGET 0.650 0.700 SL 0.580

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

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