Daily Archives: November 6, 2015

6Nov

Comex Trading Signals and Market News – 06 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices tumbled to five-week lows on Thursday, as the U.S. dollar rallied after Federal Reserve Chair Janet Yellen pointed to a possible December interest rate hike.Copper for December delivery on the Comex division of the New York Mercantile Exchange slumped 3.6 cents, or 1.56%, to trade at $2.286 a pound during morning hours in London. It earlier fell to $2.285, the lowest since October 2. A day earlier, copper prices dipped 0.8 cents, or 0.34%.
  • Oil prices rose on Thursday, paring some of the losses incurred a day earlier after data showed U.S. inventory levels had risen for a sixth week and mounting evidence of weakness spreading through the physical market.A day earlier, oil fell by nearly 4 percent after the Energy Information Administration saidU.S. crude inventories added 2.85 million barrels last week, in line with forecasts, despite a drop in imports to their lowest level since 1991.
  • Gold prices rose 0.12% to Rs 25,802 per 10 gram in futures trade today as speculators created fresh positions, taking positive cues from global markets.At the Multi Commodity Exchange, gold for delivery in December was up by Rs 31, or 0.12%, to Rs 25,802 per 10 gram, in a business turnover of 842 lots.

ECONOMY NEWS :

  • Germany’s factory orders fell 1.7 percent month-on-month in September, confounding expectations for a 1 percent rise, data from Destatis revealed Thursday. This was the third consecutive fall in orders. Orders had declined 1.8 percent in August and 2.2 percent in July. Domestic orders slid 0.6 percent and foreign orders dipped 2.4 percent.
  • UK house prices increased 1.1 percent in October from a year ago, reversing a 0.9 percent drop in September, survey data from the Lloyds Banking Group’s Halifax division revealed Thursday. Prices in the three months to October were 9.7 percent higher than in the same three months a year earlier. It was faster than a 8.6 percent rise seen in September. On a sequential basis, house prices increased 2.8 percent versus 2 percent rise in three months to September.
  • Renewable energy supply in eight major economies will collectively more than double by 2030 due to new national climate and energy plans, according to a study by the think tank World Resources Institute (WRI). Total clean energy supply from eight of the world’s 10 largest greenhouse gas emitters – Brazil, China, the European Union, India, Indonesia, Japan, Mexico and the United States -will jump to 20,000 terawatt hours (TWh) from around 9,000 TWh in 2009.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1112 TARGET 1117 1123 SL 1106
  • SELL GOLD BELOW 1106 TARGET 1101 1095 SL 1111

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

6Nov
forex-trading3

IForex Market Trading Signals and News – 06 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -AUD/USD almost unchanged in late trade
  • FOREX -NZD/USD holds steady near 1-month lows
  • FOREX -Dollar steady near 3-month highs after Fed remarks

EUR/USD
The EUR/USD pair extended its decline down to 1.0833, bouncing from the level early Europe, as stocks opened with a negative tone and Swiss CPI readings came out better-than-expected, triggering spikes in all of the European currencies. pair trades near its daily high, set at 1.0891, ahead of the release of the EU Retail Sales, expected to have advanced 0.2% in September. Nevertheless, the technical picture suggests that the current recovery is barely a correction in the middle of its bearish trend, given that the price remains well below a sharply bearish 20 SMA, whilst the technical indicators are bouncing from oversold readings, as seen in the 4 hours chart. The upward corrective movement can extend above 1.0900, towards the 1.0960 price zone, and even up to 1.1000, should the greenback remain under pressure, particularly because the pair has tested a major long term static support. However, the bearish trend remains firm in place, and selling at higher levels is still seen as an attractive trade.

GBP/USD
The British Pound trades pretty much flat against the greenback below the 1.5400 level, as the market waits for the Bank of England decision and the Inflation Report. An early spike beyond the key level was quickly reverted, indicating high expectations ahead of the news. The UK released its Hali-fax House Prices, which were 2.8% higher in the three months to October, than in the previous three months. The annual rate increased from 8.6% in September to 9.7% he technical picture is neutral-to bearish ahead of the BOE, as the 4 hours chart shows that the price develops below a bearish 20 SMA, whilst the technical indicators remain flat in negative territory. Nevertheless, the upcoming moves depend solely on the Central Bank announcement, and a hawkish stance may well fuel the pair beyond 1.5410, with the next intraday resistances at 1.5455 and 1.5500.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5400 TARGET 1.5420 1.5450 SL 1.5370
  • SELL GBP/USD BELOW 1.5375 TARGET 1.5355 1.5325 SL 1.5405

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

6Nov
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 06 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 16.83 points or 0.55% lower to 3023.65, taking the year-to-date performance to -10.15%.
  • The top active stocks today were DBS, which declined 2.02%, SingTel, which declined 1.25%, UOB, which gained 0.44%, CapitaLand, which declined 0.31% and Great Eastern, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.30%, while the FTSE ST Small Cap Index declined 0.34%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 0.96%. The two biggest stocks of the Index – Silverlake Axis and STATS ChipPAC – ended 2.14% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 2.69%. Midas Holdings shares declined 3.08% and NSL remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (-0.60%), Dbxt Msci China Trn Etf 10 (+0.15%), Sti Etf (-0.33%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.28%), Capitamall Trust (-0.25%), Capitacom Trust (-0.36%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (-10.11%),HSI22400MBePW151230 (+4.92%), HSI22000MBePW151127 (+4.35%)
  • The most active stock warrants by value today were : DBS MB eCW160404 (-15.39%), UOB MB eCW160111 (+7.41%), DBS MB eCW160201 (-16.52%)

STOCK RECOMMENDATION :

  • BUY DEBAO PROPERTY ABOVE 0.054 TARGET 0.057 0.061 SL 0.050

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

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