Daily Archives: November 9, 2015

9Nov

Comex Trading Signals and Market News – 09 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude oil prices edged up on Friday after falling over 2 percent the previous session, with analysts saying oversupply and a strong dollar would continue to weigh on fuel markets.U.S. crude futures (CLc1) were trading at $45.53 a barrel at 0700 GMT, up 33 cents from their last settlement, while Brent crude (LCOc1) rose 27 cents to $48.25 a barrel, but the gains followed steep falls the previous day on the back of climbing U.S.
  • Gold prices regained some ground in European morning hours on Friday, but gains were limited as investors remained cautious ahead of the upcoming report on U.S. nonfarm payrolls due later in the day. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.40% at $1,108.60.
  • Taking positive cues from overseas markets, copper prices moved up by 0.24% to Rs 338.55 per kg in futures trade today as speculators created fresh positions.Besides, pick up in demand from consuming industries in the spot market supported the upside.At the Multi Commodity Exchange, copper for delivery in far-month February rose by 80 paise, or 0.24%, to Rs 338.55 per kg in a business turnover of 72 lots.Similarly, the metal for delivery in November traded higher by 50 paise, or 0.15%, to Rs 330.60 per kg in 2,656 lots.

ECONOMY NEWS :

  • UK industrial production declined 0.2 percent in September from August, when it was up 0.9 percent, data from the Office for National Statistics showed Friday. It was expected to fall marginally by 0.1 percent. Meanwhile, manufacturing output growth improved to 0.8 percent from 0.4 percent in August and exceeded the expected growth of 0.6 percent. On a yearly basis, growth in industrial production eased to 1.1 percent from 1.8 percent a month ago. At the same time, manufacturing slid 0.6 percent after falling 0.9 percent in August.
  • German Industrial output dropped for the second straight month in September, as weak demand from China, Russia and other developing economies is damaging the European manufacturing powerhouse. The industrial production, adjusted for seasonal swings and calendar effects, dropped 1.1% in September from the previous month. The volume of total industrial output was the lowest in almost one year. Businesses have trimmed production somewhat in light of the restrained orders intake in the third quarter.
  • The US economy is likely in an above-potential growth phase, with labor markets continuing to improve, and with an underlying inflationary trend that, if not rapidly moving toward the FOMC’s objective, is at least not moving away from that objective, stated Dennis Lockhart, the president of the Atlanta Fed in a latest speech. He noted that the US economy is transitioning from a period of extraordinary policy to normal policy

TRADING STRATEGY :

  • BUY GOLD ABOVE 1091 TARGET 1096 1102 SL 1085
  • SELL GOLD BELOW 1085 TARGET 1080 1074 SL 1091

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

9Nov

IForex Market Trading Signals and News – 09 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar hits fresh 3-month highs ahead of U.S. jobs data
  • FOREX -Euro fall past $1.08 hangs on U.S. payroll numbers
  • FOREX -Dollar higher vs. euro, yen ahead of U.S. jobs data

EUR/USD
The EUR/USD pair trades -0.13% lower at 1.0867, now testing session lows struck at 1.0863 pre-European open. The main currency pair failed to surpass 1.0885-90 barrier on yet another occasion and met fresh supply thereon, now heading towards Wednesday’s lows.Stabilizing European stocks and fresh rally seen in the US dollar led to the sudden decline in the EUR/USD pair in last hours. As we get closer to the US labour market report, the bid tone on the USD is expected to keep growing bigger, with markets anticipating stronger jobs data (above 180k exp.) to confirm a Dec Fed rate hike. The pair remains below 1.09 handle with the next hurdle in sight at 1.0921 (5-DMA) from there to 1.0958/67 (10-DMA/ Nov 4 High). While to the downside, the immediate support is seen at 1.0842/32 (Nov 4 & 5 low). Selling pressure will intensify below the last, dragging the pair towards 1.0805/00 (daily S2/ psychological levels).

GBP/USD
The pound fell to one-month lows against the U.S. dollar on Friday, despite the release of upbeat U.K. economic reports as demand for the greenback remained broadly supported ahead of highly-anticipated U.S. jobs data due later in the day.GBP/USDhit 1.5164 during European morning trade, the pair’s lowest since October 6; the pair subsequently consolidated at 1.5164, shedding 0.30%. Cable was likely to find support at 1.5137, the low of October 6 and resistance at 1.5247, the high of October 6.Meanwhile, the dollar remained supported after Fed Chair Janet Yellen said on Wednesday that a December rate hike is a “live possibility,” depending on the data. Investors were turning their attention to Friday’s U.S. nonfarm payrolls report for further indications on the strength of the job market. Sterling was also lower against the euro, with EUR/GBP adding 0.18% to 0.7169.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5055 TARGET 1.5075 1.5105 SL 1.5025
  • SELL GBP/USD BELOW 1.5025 TARGET 1.5005 1.4975 SL 1.5055

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

9Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 13.18 points or 0.44% lower to 3010.47, taking the year-to-date performance to -10.54%.
  • The top active stocks today were DBS, which declined 0.63%, SingTel, which declined 0.76%, UOB, which declined 0.78%, Ascendas Reit, which declined 0.86% and CapitaLand, with a 0.94% advance.
  • The FTSE ST Mid Cap Index declined 0.28%, while the FTSE ST Small Cap Index rose 0.23%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.34%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 1.03% higher and 0.47% lower respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.95%. Silverlake Axis shares declined 3.50% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (-0.11%), Sti Etf (-0.65%), Dbxt Ftse Vietnam Etf 10 (-0.45%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.86%), Capitacom Trust (-1.44%), Suntec Reit (-0.91%)
  • The most active index warrants by value today were : HSI23400MBeCW151127 (-23.75%), HSI22400MBePW151230 (+10.94%), HSI22000MBePW151127 (+20.83%)
  • The most active stock warrants by value today were : DBS MB eCW160404 (-2.48%), DBS MB eCW160201 (-6.25%), UOB MB eCW160404 (-6.33%)

STOCK RECOMMENDATION :

  • BUY COURTS ASIA [RE2] ABOVE 0.370 TARET 0.400 0.440 SL 0.310

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

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