Daily Archives: November 23, 2015

23Nov

Comex Trading Signals and Market News – 23 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices regained some ground in European morning hours on Friday, but remained within close distance of a five-and-a-half year low as expectations for a December rate hike in the U.S. continued to lend broad support to the greenback.On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.23% at $1,080.40.
  • Natural gas futures tanked near three year lows yet again today as record higher inventories and thin demand expectations weighed on the sentiments. Natural gas storage levels reached around 4 trillion cubic feet last week, the US Energy Information Administration said yesterday. The EIA data showed that US producers added 15 billion cubic feet of natural gas to storage in the week ended November 13, 2015.
  • Oil futures gave up early gains to trade near three-month lows on Friday on a persistent supply glut that has cut prices by up to 13 percent since the start of November.U.S. crude West Texas Intermediate (WTI) dipped 11 cents to $40.43 a barrel as of 0731 GMT, after edging up in earlier trades. It ended down 21 cents at $40.54 on Thursday, after dipping to $39.89 during the previous session, its lowest since Aug. 27.

ECONOMY NEWS :

  • UK public sector net borrowing, excluding public sector banks, climbed to GBP 8.2 billion in October from GBP 7.1 billion in the same month last year, figures from the Office for National Statistics showed Friday. It was expected to narrow to GBP 6.0 billion. For the April to October period, borrowing totaled GBP 54.3 billion versus GBP 60.9 billion a year earlier.
  • Germany’s producer prices decreased 2.3 percent in October from last year, the biggest fall since February 2010, when prices declined 3 percent, data published by Destatis showed Friday. Producer prices have been falling since August 2013. Month-on-month, producer prices slid 0.4 percent in October, the same rate of fall as seen in September. Prices were expected to drop 0.2 percent.
  • India’s mines ministry has written to the finance ministry to propose scrapping a 5 percent export duty on iron ore pellets, Mines Secretary Balvinder Kumar told Reuters, adding the government could also look at abolishing duty on low-grade iron ore.He said miners in Goa have written to him seeking the cancellation of the 10 percent duty on overseas shipments of iron ore from the state. Goa is known for low-grade ore used mainly by Chinese steel mills.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1080 TARGET 1085 1091 SL 1074
  • SELL GOLD BELOW 1070 TARGET 1065 1059 SL 1076

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

23Nov
forex-trading3

IForex Market Trading Signals and News – 23 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar nurses losses against yen and euro, kiwi extends gains
  • FOREX – ECB’s Draghi sinks euro after two days of gains
  • FOREX -Dollar drops on profit-taking, bullish outlook intact

EUR/USD
The pair has returned to the negative territory on Friday following the dovish remarks by President M.Draghi, who stressed the need to overcome the low levels of inflation in the region. Currently, the EUR/USD pair trades -0.15% higher at 1.0717, having posted fresh session lows at 1.0711 last hours. The main currency pair extends its bearish momentum and came under renewed selling pressure this session, after the greenback swung back into gains boosted by Fed Fischer’s comments, which signalled a Dec rate rise.Moreover, the latest set of upbeat US data added to the signs that the US economic recovery is gaining traction and hence spurred renewed bids in the USD. The number of first-time applicants for unemployment benefits fell to 271,000 in the week of November 14, against the previous week’s unrevised reading of 276,000 claims. While the Philly Fed Manufacturing Index surprised markets to the upside.

GBP/USD
The pound held steady against the U.S. dollar on Friday, after data showed that U.K. public sector borrowing rose more than expected last month, while expectations for an upcoming U.S. rate hike continued to support the greenback.GBP/USD hit 1.5228 during European morning trade, the session low; the pair subsequently consolidated at 1.5287.Cable was likely to find support at 1.5184, the low of November 18 and resistance at 1.5335, Thursday’s high and a two-week high.Meanwhile, the dollar remained supported after the minutes of the Federal Reserve’s October meeting showed on Wednesday that a majority of board members are in favor of a December rate hike. The U.S. Department of Labor reported on Thursday that the number of individuals filing for initial jobless benefits in the week ending November 14 declined by 5,000 to 271,000 from the previous week’s total of 276,000. Sterling was higher against the euro, with EUR/GBP declining 0.45% to 0.6988.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5200 TARGET 1.5230 1.5260 SL 1.5170
  • SELL GBP/USD BELOW 1.5150 TARGET 1.5120 1.5080 SL 1.5180

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

23Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 33.75 points or 1.17% higher to 2919.83, taking the year-to-date performance to -13.23%.
  • The top active stocks today were DBS, which gained 1.13%, SingTel, which gained 1.84%, UOB, which gained 1.94%, CapitaLand, which gained 2.61% and OCBC Bank, with a 1.47% advance.
  • The FTSE ST Mid Cap Index gained 0.60%, while the FTSE ST Small Cap Index rose 0.48%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.39%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 4.55% higher and 1.03% lower respectively.
  • The under performing sector was the FTSE ST Consumer Goods Index, which slipped 0.19%. Wilmar International shares remained unchanged and Thai Beverage declined 0.74%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+1.37%), Dbxt Csi300 Etf 10 (+1.13%), Lyxor Etf Nasdaq100 10 (+1.76%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.44%), Suntec Reit (+0.99%), Capitamall Trust (+0.80%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (+21.62%), HSI22400MBePW151230 (-17.42%), HSI21400MBePW151230 (-19.81%)
  • The most active stock warrants by value today were : DBS MB eCW160404 (+10.84%), UOB MB eCW160404 (+15.89%), UOB MB eCW160111 (+23.08%)

STOCK RECOMMENDATION :

  • BUY SPACKMAN ENT ABOVE 0.155 TARGET 0.160 0.170 SL 0.147

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

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