Daily Archives: December 1, 2015

1Dec

Comex Trading Signals and Market News – 01 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold struggled near six-year lows on Monday, as a broadly stronger U.S. dollar combined with growing confidence the Federal Reserve will raise interest rates when in meets next month continued to weigh. Gold for February delivery on the Comex division of the New York Mercantile Exchange dipped 50 cents, or 0.05%, to trade at $1,055.70 a troy ounce during European morning hours.
  • Copper prices edged lower on Monday, as ongoing strength in the U.S. dollar weighed on the red metal. Dollar-priced commodities become more expensive to investors holding other currencies when the greenback gains. Copper for March delivery on the Comex division of the New York Mercantile Exchange dipped 0.6 cents, or 0.31%, to trade at $2.057 a pound during morning hours in London.
  • Brent crude futures dipped on Monday as traders remained cautious ahead of an Opec meeting later this week and as a widely expected US interest rate hike strengthened the dollar.Oil prices are heading for declines of as much as 10 percent this month, with a supply glut showing no signs of easing and a firmer US dollar making greenback-denominated contracts more expensive for holders of other currencies.

ECONOMY NEWS :

  • Japan’s Government Pension Investment Fund (GPIF) — the world’s largest pension fund — reported its worst quarterly loss in the three months ending September, as a global stock market rout wiped off 7.9 trillion yen ($64.2 billion) of its investments. The loss was GPIF’s first since last October, when it decided to double its allocation of equities to cut down dependence on government bonds.
  • Private money is expected to fund part of a $20 billion rail tunnel project linking New Jersey with Manhattan, according to a senior executive at the national rail network Amtrak.Amtrak’s plan to build a new two-track tunnel under the Hudson River and revamp its rail infrastructure in the region got a boost earlier this month when the federal government agreed to foot half of the bill.
  • The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank’s controversial decision to aid AIG (N:AIG), Citigroup (N:C) and others in 2008.A proposed rule, to be considered by the Fed’s Washington-based board in an open meeting, would require that any future emergency lending be only “broad-based” to address larger financial market problems, and not tailored to specific firms.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1060 TARGET 1065 1071 SL 1054
  • SELL GOLD BELOW 1155 TARGET 1150 1144 SL 1161

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

1Dec
Forex Signals

IForex Market Trading Signals and News – 01 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – NZD/USD higher after N.Z. business confidence data
  • Forex – Aussie holds steady against stronger greenback
  • Forex – Euro off to calm start in event-laden week

EUR/USD
The EUR/USD pair trades modestly flat at 1.0589, recovering from session lows struck at 1.0571 in early Asia. The major attempts an anaemic recovery in anticipation of an uptick in retail sales and consumer prices in the Euro zone’s economic powerhouse, which may offer the much-need respite to the EUR bulls.Germany’s CPI growth is expected to show a 0.1% advance m/m in Nov, after a flat result reported in Oct, while the Oct retail sales are predicted to show a 0.3% rise on a monthly basis, following the flat result in September. However, the recovery is expected to remain short-lived as the underlying monetary policy divergence between both continents remain in focus heading into this week’s ECB meeting.After a holiday-shortened last week, Monday’s trading calendar offers significant economic news from Germany and the US. However, the macro data may have limited impact as all eyes remain on the ECB decision.

GBP/USD
The pound slipped to a seven-month low against the U.S. dollar on Monday, after data showed that U.K. net lending to individuals was in line with market expectations last month, as demand for the greenback remained supported by hopes for a December rate hike in the U.S. GBP/USD hit 1.5002 during European morning trade, the pair’s lowest since April 23; the pair subsequently consolidated at 1.5013, down 0.10%. Cable was likely to find support at 1.4957, the low of April 2 and resistance at 1.5109, Friday’s high. Meanwhile, the dollar remained 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.Sterling was steady against the euro, with EUR/ GBP at 0.7047. Earlier Monday, data showed that German retail sales fell 0.4% in October, compared to expectations for a 0.4% rise and after a flat reading the previous month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5050 TARGET 1.5070 1.5100 SL 1.5020
  • SELL GBP/USD BELOW 1.5000 TARGET 1.4980 1.4950 SL 1.5030

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

1Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 01 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.18 points or 0.11% lower to 2855.94, taking the year-to-date performance to – 15.13%.
  • The top active stocks today were Hongkong Land, which declined 2.92%, SingTel, which gained 0.79%, DBS, which declined 0.60%, OCBC Bank, which declined 0.12% and UOB, with a 0.83% advance.
  • The FTSE ST Mid Cap Index gained 0.23%, while the FTSE ST Small Cap Index declined 0.53%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.99%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 3.70% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.32%. Keppel Corp shares declined 0.91% and Sembcorp Industries declined 2.99%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (-0.89%),Is Msci India 100 (+0.60%),Sti Etf (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+1.27%),Capitamall Trust (+1.60%),Suntec Reit (+1.32%)
  • The most active index warrants by value today were : HSI21400MBePW151230 (-3.09%),HSI22800MBeCW151230 (-11.69%),HSI21200MBePW160128 (+0.81%)
  • The most active stock warrants by value today were : DBS MB eCW160404 (-4.62%),OCBC Bk MBeCW160111 (-1.52%),UOB MB eCW160601A (-14.49%)

STOCK RECOMMENDATION :

  • BUY QT VASCULAR ABOVE 0.120 TARGET .125 0.135 SL 0.115

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

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