Daily Archives: November 5, 2015


Comex Trading Signals and Market News – 05 November 2015


  • Copper prices rose to a one-week high on Wednesday, after mining giantGlencore (L:GLEN) announced further supply cuts of the red metal.Copper for December delivery on the Comex division of the New York Mercantile Exchange tacked on 1.6 cents, or 0.69%, to trade at $2.347 a pound during morning hours in London. It earlier rose to $2.352, the highest since October 28. A day earlier, copper prices inched up 1.1 cents, or 0.5%.
  • Gold prices struggled near five-week lows on Wednesday, as investors looked ahead to key U.S. data later in the day  for further indications on the strength of the economy and the likelihood of a near-term interest rate hike.Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up $4.60, or 0.41%, to trade at $1,118.70 a troy ounce during European morning hours.
  • Oil prices slipped in thin trading on Wednesday as investors took profit from the previous session’s rally, although supply disruptions in Brazil and Libya helped to limit the losses.Brent futures for December delivery had fallen 13 cents to $50.41 at barrel by 0546 GMT, after ending the last session up $1.75, or 3.6 percent.U.S. crude for December delivery dropped


  • Japan’s seasonally adjusted consumer confidence index rose to 41.5 in October from 40.6 in September, survey data from the Cabinet Office showed Wednesday. The survey was conducted on October 15 among 8,400 households and the response rate was 65.5 percent. All sub-components of consumer confidence climbed from previous month. The overall livelihood sub-index rose to 39.6 in October from 38.8 in September. Similarly, the index measuring income growth increased to 40.0 from 39.4.
  • The MNI India Consumer Sentiment Indicator dropped 1.1% to 114.1 in October from 115.3in September, the lowest level since the start of the survey in November 2012. Rate cutshave done little to stop the decline in consumer sentiment throughout 2015 and this monthproved no different, with consumers unstirred by the late September 50 basis point cut toboost economic growth.
  • Indian Finance Minister Arun Jaitley expressed confidence on Wednesday that he would be able to pass a new goods and services tax (GST), saying opposition to the reform would crumble when it comes to a parliamentary vote.”GST is only a question of time,” Jaitley told an economic conference in New Delhi.The opposition Congress party and its allies have been able to block the measure because Prime Minister Narendra Modi’s nationalist coalition lacks a majority in the upper house of parliament.


  • BUY GOLD ABOVE 1120 TARGET 1125 1131 SL 1114
  • SELL GOLD BELOW 1110 TARGET 1105 1099 SL 1116

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IForex Market Trading Signals and News – 05 November 2015


  • FOREX -U.S. bond yields, factory data boost dollar
  • FOREX -Dollar sidelined as Aussie & kiwi take centre stage
  • FOREX -Dollar stands tall as risk appetite improves

The dollar was higher against the euro on Wednesday, building on the previous session’s gains as investors continued to await Friday’s U.S. nonfarm payrolls report.The EUR/USD pair trades -0.13% lower at 1.0950, retreating from fresh session lows of 1.0938. The EUR/USD pair trades -0.39% lower at 1.0922, hovering close to fresh session lows struck at 1.0917 pre-data release. The main currency pair extends its downward spiral and mires near lows after the common currency failed to benefit from the upbeat final services PMI reports from the Euro zone. The shared currency came under renewed selling pressure versus its American counterpart in Asia after the ECB President Mario Draghi offered dovish comments, reiterating the need to re-examine the degree of monetary policy accommodation at the ECB’s December meeting.

The GBP/USD pair continues consolidating in a tight range above the 1.5400 figure, but below the weekly high set last Monday at 1.5446. The release of the UK final services PMI resulted better than previously estimated in October, printing 54.9 against 53.3. The Pound enjoyed some limited demand afterwards, and trades near the mentioned high, but showing no upward momentum ahead of the BOE’s Super Thursday. The pound has remained apathetic after the UK’s Services PMI has surpassed expectations for the month of October, climbing to 54.9 vs. 54.5 initially forecasted and September’s 53.3.Spot is extending its overnight consolidative pattern in the low-1.5400s today, although gains seems to be so far limited around 1.5430/35, ahead of the BoE’s ‘Super Tuesday’.


  • BUY GBP/USD ABOVE 1.5450 TARGET 1.5470 1.5500 SL1.5420
  • SELL GBP/USD BELOW 1.5310 TARGET 1.5280 1.5250 SL 1.5340

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Financial Sgx Singapore Stock Market Trading Picks And News – 05 November 2015


  • The Straits Times Index (STI) ended 40.92 points or 1.36% higher to 3040.48, taking the year-to-date performance to – 9.65%.
  • The top active stocks today were DBS, which gained 1.53%, CapitaLand, which gained 2.89%, SingTel, which gained 2.04%, OCBC Bank, which gained 0.44% and UOB, with a 0.98% advance.
  • The FTSE ST Mid Cap Index gained 1.15%, while the FTSE ST Small Cap Index rose 0.62%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 6.83%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 12.90% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 0.17%. China Everbright Water shares rose 2.86% and SIIC Environment Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Dbxt Ftse Vietnam Etf 10 (+1.24%), Spdr Gold Shares (-1.59%), Dbxt Msci China Trn Etf 10 (+2.70%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.86%), Capitamall Trust (+1.28%), Suntec Reit (+1.53%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (+43.55%), HSI22400MBePW151230 (-25.15%), HSI22000MBePW151127 (-40.26%)
  • The most active stock warrants by value today were : UOB MB eCW160111 (+6.30%), DBS MB eCW160201 (+10.58%), OCBC Bk MBeCW160406 (+4.00%)


  • BUY REX INTL ABOVE 0.156 TARGET 0.158 0.163 SL 0.150

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