Daily Archives: November 25, 2015

25Nov

Comex Trading Signals and Market News – 25 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Crude palm oil futures were up by 0.75% to Rs 389.10 per 10 kg in futures trade today as speculators created fresh positions amid a firming trend at the spot markets on rising demand from consuming industries.Besides, tight supplies from major producing belts too supported crude palm oil futures.
  • Copper prices inched up on Tuesday, but remained not far above the prior session’s six-year low as expectations of higher interest rates in the U.S., a broadly stronger U.S. dollar and slower global economic growth, especially in China, weighed. Meanwhile, three-month copper on the London Metal Exchange rose 0.87% to $4504.75 a metric ton. On Monday, prices hit $4508.50, the weakest level since June 2009.
  • Gold inched up on Tuesday, but remained not far above the prior session’s five-and-a-half-year low as investors awaited the release of revised U.S. third quarter economic growth data later in the day for a fresh reading on the strength of the economy. Gold futures are down more than 6% so far this month amid mounting expectations the Fed will raise rates for the first time in nearly a decade at its mid-December meeting.

ECONOMY NEWS :

  • India’s leading index, which measures the future economic activity, rose 1.2 percent in October, reversing a 0.6 percent fall in the previous month, figures from the Conference Board showed Monday. In September, the index had fallen 0.3 percent. All sub-components contributed positively to the index in October. The coincident index that reflects the current economic activity, also went up 1.5 percent in October, in contrast to a 1.8 percent drop in September.
  • Japan’s Markit/Nikkei Manufacturing Purchasing Managers’ Index, or PMI, rose to 52.8 in November from 52.4 in October, data showed Tuesday. A score above 50 indicates expansion in the sector. Manufacturing output continued to grow sharply in November and the latest rate of increase was the fastest since March 2014. At the same time, new orders rose at a slower rate in November, while growth in exports orders accelerated to a five-month high.
  • German business confidence strengthened to 109 in November from 108.2 in October, citing results of a survey by the Ifo Institute. It was expected to remain unchanged at 108.2. The current conditions index came in at 113.4. The expectations index also strengthened in November. The corresponding index rose to 104.7 from about 103.8 in previous month. It was above the expected reading of 104.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075 TARGET 1080 1086 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.

25Nov
forex-market-hours

IForex Market Trading Signals and News – 25 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -NZD/USD edges higher but upside seen limited
  • FOREX -AUD/USD rises amid profit-taking
  • FOREX -Dollar slips from 8-month peak, sterling awaits BoE’s Carney

EUR/USD
The euro edged higher against the U.S. dollar on Tuesday, supported by strong German business climate data, although gains were capped by expectations for further stimulus by the European Central Bank and for a U.S. rate hike before the year-end.EUR/USD hit 1.0670 during European morning trade, the session high; the pair subsequently consolidated at 1.0646, easing up 0.08%.The pair was likely to find support at 1.0591, Monday’s low and a seven-month low and resistance at 1.0744, Friday’s high.The euro found some support after the German research institute Ifo said its Business Climate Index rose to a 17-month high of 109.0 this month from a reading of 108.2 in October, beating forecasts for 108.2.But gains were held in check since European Central Bank President Mario Draghi said on Friday that the bank 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.

GBP/USD
The GBP/USD dipped 31 points to trade at 1.5156 after the US dollar rallied ahead of the holiday weekend. Speculation that the Fed will lift interest rates for the first time in nearly a decade this year has intensified since the release of strong US jobs data earlier this month. Comments from Fed officials have boosted that view. The latest Fed speak has been pretty much uniform – expect a Fed rate hike in December. Recent comments from Vice Chair Stanley Fischer, Atlanta Fed President Dennis Lockhart, and San Francisco Fed President John Williams have said that there is a strong case for the Fed to hike interest rates.Sterling edged down against both the dollar and euro on Monday, with investors eyeing testimony from the heads of the British finance ministry and Bank of England (BoE) later in the week for direction.The pair has failed to break above the area of 1.5160 on a sustainable basis in early trade, sparking the current decline to lows near 1.5120 ahead of the UK’s Inflation Report Hearings and the US GDP during the third quarter.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5140 TARGET 1.5120 1.5090 SL 1.5170
  • SELL GBP/USD BELOW 1.5100 TARGET 1.5080 1.5050 SL 1.5130

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

25Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 25 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 20 points or 0.69% higher to 2923.49, taking the year-to-date performance to -13.12%.
  • The top active stocks today were SingTel, which gained 0.52%, DBS, which gained 0.78%, OCBC Bank, which gained 0.45%, Hongkong Land, which declined 0.54% and UOB, with a 0.61% advance.
  • The FTSE ST Mid Cap Index gained 0.33%, while the FTSE ST Small Cap Index rose 0.25%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 2.17%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 2.24% higher and 1.51% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.10%. Raffles Medical Group shares rose 0.24% and Tianjin Zhongxin Pharmaceutical Group Corporation remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Lyxor China H 10 (-0.63%), Ishares Usd Asia Bond Etf (-0.10%), Is Msci India 100 (+0.30%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+1.75%), Capitamall Trust (+0.53%), Suntec Reit (+1.64%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (-14.38%), HSI22400MBePW151230 (+8.94%), HSI23200MBeCW160128 (unchanged)
  • The most active stock warrants by value today were : DBS MB eCW160404 (+5.06%), UOB MB eCW160404 (+5.41%), KepCorp MBeCW160601A (+9.86%)

STOCK RECOMMENDATION :

  • BUY YZJ SHIPBLDG SGD ABOVE 1.140 TARGET 1.170 1.230 SL 1.100

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

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