Daily Archives: November 30, 2015

30Nov

Comex Trading Signals and Market News – 30 November 2015

INTERNATIONAL COMMODITY NEWS :

  • U.S. crude futures fell more than 2% as the dollar approached near 12-month highs on a light day of trading following the Thanksgiving holiday.On the New York Mercantile Exchange, WTI crude traded between $41.61 and $42.74 a barrel, before settling at 41.77, down 1.27 or 2.95% on the session.
  • Gold futures plunged to six-year lows amid a stronger dollar, as traders brace for a likely interest rate hike by the Federal Reserve next month in a major policy shift that could dampen long-term optimism for the precious metal. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded in a broad range between $1,051.20 and $1,072.60 an ounce, before settling at $1,057.10, down 12.90 or 1.21% on the session.
  • Taking weak cues from overseas markets, silver prices dropped by Rs 202 to Rs 34,511 per kg in futures trade today as participants cut down their bets.At the Multi Commodity Exchange, silver for delivery in far-month March 2016 was trading lower by Rs 202, or 0.58%, to Rs 34,511 per kg in a business turnover of 202 lots.Similarly, the white metal for delivery in December declined by Rs 141, or 0.41%, to Rs 33,940 per kg in a business volume of 624 lots.

ECONOMY NEWS :

  • UK gross domestic product climbed 0.5 percent from prior quarter, unrevised from the prior estimate released on October 27, second estimates published by the Office for National Statistics showed Friday. This was the eleventh consecutive quarters of positive growth. In the second quarter, the economy had expanded 0.7 percent. On a yearly basis, GDP rose 2.3 percent, in line with preliminary estimate. Among main output industrial groupings, production output gained 0.2 percent, which was revised down from 0.3 percent.
  • Japan’s core consumer prices excluding fresh food dropped 0.1 percent year-over-year in October, the same rate of decrease as seen in September, the Ministry of Internal Affairs and Communications reported Friday. This was the third consecutive decline in prices. Month-on-month, core consumer prices edged up 0.1 percent in October.
  • UK house prices advanced at a pace of 3.7 percent year-on-year in November, following October’s 3.9 percent increase, data published by the Nationwide Building Society showed Friday. It was the weakest increase since August when prices climbed 3.2 percent. Likewise, monthly growth eased to 0.1 percent from 0.5 percent a month ago.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1065 TARGET 1070 1076 SL 1059
  • SELL GOLD BELOW 1055 TARGET 1050 1044 SL 1061

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

30Nov
forex-trading3

IForex Market Trading Signals and News – 30 November 2015

INTERNATIONAL CURRENCY BUZZ :

  • FOREX -Euro steadies, eyes on central banks next week
  • FOREX -Dollar subdued in post-holiday trade, euro under pressure
  • FOREX -Won, rupiah, Philippine peso, yuan dip

EUR/USD
.The euro re-approached seven-month lows against the U.S. dollar on Friday, as expectations for a December rate hike in the U.S. broadly supported the greenback, while speculation over additional easing measures in the euro zone pressured the single currency lower. EUR/USD hit 1.0569 during U.S. morning trade, the pair’s lowest since Wednesday; the pair subsequently consolidated at 1.0583, sliding 0.27%. The pair was likely to find support at 1.0564, Wednesday’s low and a seven-month low and resistance at 1.0690, Wednesday’s high.The greenback remained broadly supported after a string of upbeat U.S. data released over the week added to expectations that the Federal Reserve will raise interest rates next month.The euro was steady against the pound, with EUR/GBP at 0.7026.In the U.K., the Office for National Statistics reported on Friday that gross domestic productrose 0.5% in the third quarter, in line with expectations and with a previous estimate.

GBP/USD
The pound slipped lower against the U.S. dollar on Friday, re-approaching a seven-month trough even after data showed that the U.K. economy grew in line with expectations in the third quarter, as hopes for a U.S. rate hike before the year-end continued to support the greenback. GBP/USD hit 1.5054 during European morning trade, the pair’s lowest since November 25; the pair subsequently consolidated at 1.5061, shedding 0.28%. Cable was likely to find support at 1.5023, the low of November 6 and resistance at 1.5137, the high of November 25.The U.K. Office for National Statistics reported that gross domestic product rose 0.5% in the third quarter, in line with expectations and with a previous estimate.Meanwhile, the dollar remained broadly supported after a string of up- beat U.S. data released over the week added to expectations that the Federal Reserve will raise interest rates next month. Sterling was lower against the euro, with EUR/GBP adding 0.21% to 0.7040.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5070 TARGET 1.5090 1.5120 SL 1.5040
  • 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.

30Nov
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 November 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 25.57 points or 0.89% lower to 2859.12, taking the year-to-date performance to -15.04%.
  • The top active stocks today were OCBC Bank, which declined 0.46%, SingTel, which declined 0.26%, UOB, which declined 0.10%, DBS, which declined 0.36% and Global Logistic, with a 2.44% fall.
  • The FTSE ST Mid Cap Index declined 0.48%, while the FTSE ST Small Cap Index rose 0.03%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.53%. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation – ended 0.48% higher and 4.17% lower respectively.
  • The underperforming sector was the FTSE ST Consumer Services Index, which slipped 1.70%. Jardine Cycle & Carriage shares declined1.41% and Singapore Airlines declined 1.82%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares Usd Asia Bond Etf (-0.67%), Spdr Gold Shares (-0.36%), Sti Etf (-1.02%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.42%), Capitamall Trust (-1.32%), Capitacom Trust (-0.38%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (-36.89%), HSI22400MBePW151230 (+32.06%), HSI21400MBePW151230 (+44.78%)
  • The most active stock warrants by value today were : UOB MB eCW160404 (-11.49%), UOB MB eCW160201 (-5.11%), DBS MB eCW160404 (-7.14%)

STOCK RECOMMENDATION :

  • BUY GEO ENERGY ABOVE 0.145 TARGET 0.150 0.158 SL 0.138

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

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