Daily Archives: November 27, 2015

27Nov

Comex Trading Signals and Market News – 27 November 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices surged on Thursday, along with other base metals such asnickel and zinc, as China regulators were said to consider a probe into metal short-selling in the local market.Copper for March delivery on the Comex division of the New York Mercantile Exchange rallied 5.3 cents, or 2.59%, to trade at $2.102 a pound during morning hours in London.
  • Gold struggled near six-year lows in holiday-thinned trade on Thursday, after a recent batch of upbeat U.S. economic data reinforced expectations for a Fed rate hike next month.Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $1.20, or 0.11%, to trade at $1,071.20 a troy ounce during European morning hours
  • Oil fell on Thursday as fears of escalating violence causing supply disruption in the Middle East faded and focus returned to a persistent market glut and increased global output.Brent was down 46 cents to $45.71 a barrel at 0859 GMT.West Texas Intermediate (WTI) futures were down 21 cents at $42.83 per barrel after the U.S. crude rose to $43.30 earlier the session.

ECONOMY NEWS :

  • Eurozone broad monetary aggregate M3 increased 5.3 percent, faster than the 4.9 percent growth registered in September, the European Central Bank reported Thursday. The growth averaged 5.1 percent in three months to October. At the same time, the narrower aggregate M1, which includes currency in circulation and overnight deposits, climbed 11.8 percent annually after rising 11.7 percent in September.
  • Japan’s biggest business lobby forecast on Thursday that capital spending could grow 14 percent over the next three years if the government adopts sweeping reforms, including a swift cut in the corporate tax rate. The ambitious projection – for capital spending to hit 81.7 trillion yen (441 billion pounds) in the fiscal year that starts from April 2018 – was presented by Keidanren during a meeting between cabinet ministers and business leaders.
  • A proposed new Indian sales tax should be set at a rate of less than 20 percent, the opposition Congress party said on Thursday, signalling willingness to compromise as long as the government takes into account its concerns. The comments by senior Congress leader Anand Sharma came as parliament opened its winter session, with a proposed goods and services tax (GST) topping the to-do list of Prime Minister Narendra Modi’s nationalist government.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075 TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1066 TARGET 1061 1055 SL 1072

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

27Nov
forex-market-hours

IForex Market Trading Signals and News – 27 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -NZD/USD edges higher but gains limited
  • FOREX -Dollar back on bullish footing on upbeat data, shaky euro
  • FOREX -AUD/USD drops after downbeat Australian data

EUR/USD
The euro slid against the dollar on Thursday, re-approaching seven-month lows amid heightened expectations that the European Central Bank will announce further monetary stimulus measures at its upcoming meeting next week.EUR/USD eased 0.13% to 1.0610, nearing Wednesday’s lows of 1.0565, the weakest level since April 14.The euro remained under pressure amid heightened expectations that the ECB will implement fresh measures to combat slowing growth and inflation in the euro area.Late last week ECB head Mario Draghi gave the clearest signal yet that the bank will unleash new easing measures, saying the back is ready to act quickly to boost inflation in the region. The euro fell to seven month lows against the yen overnight, with EUR/JPY hitting 129.89, be- fore edging back up to 130.14.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 99.9, not far from Wednesday’s peaks of 100.21.

GBP/USD
The GBP/USD pair trades -0.24% lower at 1.5091, having posted fresh session lows at 1.5087 last minutes. The US dollar regained lost momentum and resumed its ongoing bullish run against its major competitors, sending GBP/USD further below 1.51 handle. The pound turned back in the red after the UK’s Autumn forecasts-led robust recovery, as the recent dovish comments from BOE officials continue to haunt investors’ minds while the Fed is moving towards the first rate hike in almost a decade next month. In the day ahead, GBP/USD is likely to trade lack-lustre both UK and European markets aren’t expected to provide much in terms of fundamental drivers, while the US starts the Thanksgiving holiday. While attention now turns to the UK GDP figures due tomorrow. The pair has an immediate resistance at 1.5123 (5-DMA), above which 1.5174 (10-DMA) 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 1.5050 TARGET 1.5020 1.4990 SL 1.5080

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

27Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 27 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 6.89 points or 0.24% lower to 2884.69, taking the year-to-date performance to – 14.28%.
  • The top active stocks today were OCBC Bank, which declined 0.91%, SingTel, which gained 0.26%, UOB, which declined 1.79%, DBS, which declined 0.36% and Global Logistic, with a 1.91% fall.
  • The FTSE ST Mid Cap Index declined 0.05%, while the FTSE ST Small Cap Index declined 0.84%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 0.34%. The two biggest stocks of the Index – SingTel and StarHub – ended 0.26% higher and 1.09% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 0.69%. China Everbright Water shares rose 4.48% and SIIC Environment Holdings declined 1.29%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (unchanged),Dbxt Msci Indonesia Etf 10 (+0.86%),Spdr Gold Shares (-0.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+3.49%),Capitamall Trust (+1.60%),Suntec Reit (-0.33%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (unchanged),HSI22400MBePW151230 (-0.76%),HSI23800MBeCW151230 (unchanged)
  • The most active stock warrants by value today were : UOB MB eCW160404 (-12.12%),KepCorp MBeCW160601A (-1.45%),DBS MB eCW160404 (-7.90%)

STOCK RECOMMENDATION :

  • BUY GEO ENERGY RES [RE4.SI] ABOVE 0.140 TARGET 0.160 0.190 SL 0.120

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

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