Daily Archives: November 26, 2015

26Nov

Comex Trading Signals and Market News – 26 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices inched lower on Wednesday, as traders booked profits from the previous session’s sharp rally, which came on the back of a weaker dollar.Copper for March delivery on the Comex division of the New York Mercantile Exchange dipped 0.6 cents, or 0.28%, to trade at $2.063 a pound during morning hours in London.
  • Gold extended gains from the prior session on Wednesday, as mounting geopolitical concerns between Russia and NATO member Turkey boosted safe haven demand for the precious metal.Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $1.40, or 0.13%, to trade at $1,075.20 a troy ounce during European morning hours.
  • US crude oil futures dipped on Wednesday on profit-taking after the prices rallied to a two-week high on the previous session due to heightening geopolitical tensions in the Middle East with Turkey’s downing of a Russian warplane.US crude’s West Texas Intermediate (WTI) futures shed 16 cents or 0.37% at $42.71 a barrel as of 0054GMT.

ECONOMY NEWS :

  • Japan leading index which measures the future economic activity, fell to 101.6 in September, which was revised up from the preliminary estimate of 101.4, latest figures from the Cabinet Office showed Wednesday. In August, the reading was 103.5. The latest reading was the lowest since January 2013, when it marked 101.4. The coincident index that reflects the current economic activity, rose marginally to 112.3 in September from 112.2 in the prior month .
  • European stocks moved higher and oil prices reversed course and fell 1 percent on Wednesday as investors’ concerns eased over the potential fallout of Turkey’s shooting down of a Russian fighter jet. A Reuters report that euro zone central bank officials are considering whether to stagger charges on banks hoarding cash or to buy more debt ahead of the next European Central Bank meeting pushed the euro lower.
  • The idea of setting a relatively low rate for a new Indian sales tax seemed to be gaining traction on Wednesday, as politicians of all stripes met to debate what would be the country’s biggest tax reform since independence.The proposed goods and services tax, or GST, will top the order of business at what is expected to be a rowdy winter session of parliament starting on Thursday.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075 TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1065 TARGET 1060 1155 SL 1071

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

26Nov
forex-trading3

IForex Market Trading Signals and News – 26 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Dollar moves lower but remains supported
  • FOREX -Dollar softens, commodity currencies benefit from oil rally
  • FOREX -Dollar rises to fresh 8-month peak ahead of U.S. data

EUR/USD
The EUR/USD pair trades 0.24% lower at 1.0616, hovering close to fresh session lows struck at 1.0607 in last minutes. The selling pressure around EUR/USD intensified on the break of the hourly 50-SMA support at 1.0642 and the major dropped sharply towards 1.06 levels, with multi month lows in sight. The sharp sell-off seen in the EUR/USD pair, can be mainly attributed to the re-emergence of appetite for riskier, driving European stocks through the roof and boosting the risk-currency – the US dollar. The solid comeback staged by the greenback across the fx board, also halted the EUR/USD recovery and triggered renewed weakness. While the shared currency remains under pressure on growing monetary policy divergence between the Fed and ECB in the run up to the ECB Dec 3 showdown. Looking ahead, focus remains on the US macro releases, including the durable goods and Core PCE index, amid a data-empty EUR calendar.

GBP/USD
The GBP/USD pair loses 0.09% and trades near fresh session lows of 1.5064, heading towards two- week lows reached at 1.5051 on Tuesday. The major failed to sustain above 1.51 handle and retreated thereafter, breaking below most MA on hourly sticks. The renewed bout of selling interest that caught GBP/USD was mainly due to the recent strength in the US dollar against its major peers amid rising risk-on trades, with the USD index crossing 100 mark once again and stands at fresh seven-month tops. Meanwhile, markets now await the UK’s Autumn Forecasts statement for further cues on the fiscal outlook of the British economy. The pound may come under renewed selling pressure on the statement release as the Treasury is expected to have missed its 2015-16 fiscal targets. The pair has an immediate resistance at 1.5111 (1h 50-SMA), above which 1.5159 (Nov 24 High) would be tested. On the flip side, support is seen at 1.5051 (Nov 24 Low) below which it could extend losses to 1.5038 (Nov 9 Low).

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5090 TARGET 1.5110 1.5140 SL 1.5060
  • SELL GBP/USD BELOW 1.5030 TARGET 1.5010 1.4980 SL 1.5060

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

26Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 26 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 31.91 points or 1.09% lower to 2891.58, taking the year-to-date performance to – 14.07%.
  • The top active stocks today were SingTel, which declined 1.81%, DBS, which declined 1.12%, OCBC Bank, which declined 0.68%, Cordlife, which gained 8.20% and UOB, with a 1.46% fall.
  • The FTSE ST Mid Cap Index declined 0.31%, while the FTSE ST Small Cap Index declined 0.05%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.59%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 4.48% higher and 1.04% higher respectively.
  • The under performing sector was the FTSE ST Industrials Index, which slipped 1.68%. Jardine Matheson Holdings shares declined 1.95%and Jardine Strategic Holdings declined 2.00%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (+0.19%), Is Msci India 100 (-0.30%), Lyxor China H 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.29%), Capitamall Trust (-0.80%), Suntec Reit (-1.61%)
  • The most active index warrants by value today were : HSI22400MBePW151230 (-1.49%), HSI22800MBeCW151230 (-2.40%), HSI23800MBeCW151230 (-4.08%)
  • The most active stock warrants by value today were : KepCorp MBeCW160601A (-11.54%), DBS MB eCW160404 (-8.43%), UOB MB eCW160404 (-15.39%)

STOCK RECOMMENDATION :

  • BUY SPACKMAN ENT ABOVE 0.155 TARGET 0.160 0.180 SL 0.142

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

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