Daily Archives: November 24, 2015

24Nov

Comex Trading Signals and Market News – 24 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold and silver struggled near five-and-a-half-year lows on Monday, as investors braced for a hike in interest rates by the Federal Reserve next month.Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $4.40, or 0.41%, to trade at $1,071.90 a troy ounce during European morning hours.
  • Copper prices fell to the lowest level since May 2009 on Monday, as the possibility of higher interest rates in the U.S., a broadly stronger U.S. dollar and slower global economic growth, especially in China, weighed. Copper for December delivery on the Comex division of the New York Mercantile Exchange shed 3.7 cents, or 1.82%, to trade at $2.017 a pound during morning hours in London.
  • Crude futures plunged on Monday, with U.S. oil dropping more than 3 percent on a firmer U.S. dollar and festering worries over a global supply surplus.The fall was part of a wider decline in commodities that has also been stoked by worries over faltering demand from China, with prices for base metals such as copper and nickel tumbling.

ECONOMY NEWS :

  • Austria’s Finance Minister Hans Joerg Schelling said on Monday he expected the country’s 2016 budget to meet European Commission’s criteria on deficits as some of costs for dealing with migrants would be taken out of the calculations.Earlier this month, the European Commission said Austria, as well as Italy, Lithuania and Spain, risked breaking European Union rules with their budget plans.
  • India will sell shares in some state-run companies when market conditions improve, Finance Minister Arun Jaitley said on Monday, as the government struggles to meet its asset sales target that is crucial to help plug its  deficit.India has raised just about $2 billion, or less than 20 percent of its divestment target, so far this year. Jaitley also said he expected recent steps taken by the government and the central bank to improve asset quality of state-run banks in a “reasonable” time. Indian banks have been burdened with their highest bad loan ratio in a decade.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075 TARGET 1081 1087 SL 1069
  • SELL GOLD BELOW 1065 TARGET 1060 1054 SL 1071

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

24Nov
forex-trading3

IForex Market Trading Signals and News – 24 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Kiwi declines against greenback in late trade
  • FOREX -Aussie drops against broadly stronger greenback
  • FOREX -Euro on defensive, pressured by ECB stimulus expectations

EUR/USD
The euro fell to the lowest level in seven months against the dollar on Monday amid heightened expectations that the European Central Bank will scale up its monetary easing program next month.EUR/USD hit lows of 1.0600, the weakest since April 15 and was last at 1.0620. The single currency remained under heavy selling pressure after ECB head Mario Draghi gave the clearest signal yet that the bank may unveil fresh stimulus measures at its December meeting. The ECB is ready to act quickly to boost inflation in the euro zone and can also change the level of its deposit rate to boost the impact of quantitative easing, Draghi said on Friday.The comments came during a conference in Frankfurt and underlined the diverging monetary policy expectations between the Federal Reserve and the ECB.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, hit seven-month highs of 100.04 on Monday and was last at 99.91.

GBP/USD
The GBP/USD is trading very heavy in Asia, last at 1.5160 day lows, with the appreciation of the USD across the board to blame, as the conviction of the Fed raising rates in December increases. The pair is extending its decline from last Friday’s against a backdrop of increasing buying interest around the US dollar. The greenback will be in the limelight today, as market participants will remain vigilant on the Fed’s close meeting, expected during the European evening. Data wise in the UK, the most relevant event will be the Financial Stability Report on Thursday and advanced flash GDP figures during the third quarter (Friday).The pair is now losing 0.14% at 1.5171 with the immediate support at 1.5100 (psychological level) ahead of 1.5097 (23.6% Fibo of 1.5023-1.5336) and then 1.5023 (low Nov.6). On the other hand, a break above 1.5305 (55- day sma) would aim for 1.5336 (high Nov.19) and finally 1.5407 (100-day sma).

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5180 TARGET 1.5210 1.5240 SL 1.5150
  • SELL GBP/USD BELOW 1.5120 TARGET 1.5100 1.5070 SL 1.5150

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

24Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 24 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 14.42 points or 0.49% lower to 2903.49, taking the year-to-date performance to -13.72%.
  • The top active stocks today were DBS, which declined 0.71%, NOL, which gained 4.46%, SingTel, which declined 1.03%, OCBC Bank, which declined 1.23% and UOB, with a 1.25% fall.
  • The FTSE ST Mid Cap Index declined 0.13%, while the FTSE ST Small Cap Index declined 0.45%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.71%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 0.57% higher and 0.40% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.20%. Silverlake Axis shares declined 2.21% and CSE Global remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Nikko Am Singapore Sti Etf (-0.33%), Spdr Gold Shares (-0.74%), Sti Etf (-0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.44%), Capitamall Trust (-0.27%), Suntec Reit (-0.65%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (-8.75%), HSI22400MBePW151230 (+4.24%), HSI23800MBeCW151230 (-10.00%)
  • The most active stock warrants by value today were : UOB MB eCW160404 (-7.50%), DBS MB eCW160404 (-4.82%),DBS MB ePW160201 (+2.13%)

STOCK RECOMMENDATION :

  • BUY NEPTUNE ORIENT ABOVE 1.170 TARGET 1.200 1.250 SL 1.140

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

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