Daily Archives: December 2, 2015

2Dec

Comex Trading Signals and Market News – 02 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices rose on Tuesday, as the U.S. dollar pulled back from the prior session’s eight-month high.The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.4% to 99.87, off Monday’s eight-month peak of 100.35.Gold prices often move inversely to the U.S. dollar, as the precious metal becomes less expensive for buyers using other currencies.
  • Copper prices edged higher on Tuesday, after a pair of disappointing manufacturing reports underlined concerns over the health of China’s economy.The downbeat data reinforced the view that the economy remains in the midst of a gradual slowdown which will require Beijing to roll out more support in coming months.Copper for March delivery on the Comex division of the New York Mercantile Exchange tacked on 1.2 cents, or 0.6%, to trade at $2.060 a pound during morning hours in London.
  • Crude oil prices rose on Tuesday as the dollar eased slightly, but concerns about oversupply remained front of mind with OPEC expected to keep its output target unchanged at a policy meeting on Friday.U.S. crude was trading up 34 cents at $41.99 a barrel at 0226 ET, but was still down more than 10 percent since the start of November.

ECONOMY NEWS :

  • Cash conditions in the Indian banking system are balanced and the central bank will inject long-term funds if needed, said Governor Raghuram Rajan on Tuesday.Interbank liquidity tightened sharply in November with banks seeing large amount of deposit withdrawals by the public for festival spending. That has created a shortage of funds as this cash typically comes back to banks after a lag of few months.
  • Factory activity deteriorated across much of Asia in November, with China sinking to a three-year low, as policymakers braced for an expected rise in U.S. interest rates later this month that could jolt the global economy.Business surveys showed few signs of vigour across the trade-reliant region apart from Japan, with sluggish demand at home and abroad forcing manufacturers from China to Indonesia to throttle back production, cut selling prices and shed more jobs.
  • Stable manufacturing and auto sales data are expected Tuesday after Monday’s weak Chicago-area manufacturing data, one of the few disappointing reports released in the lead-up to the impending interest rate hike by the U.S. Federal Reserve. The Institute of Supply Management (ISM) issues its purchasing managers index at 10 a.m. EST, 15 minutes after Markit Economics releases its own PMI. On Monday, a report showed Chicago-area manufacturing contracted in November.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1070 TARGET 1075 1086 SL 1064
  • SELL GOLD BELOW 1065 TARGET 1060 1054 SL 1071

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

2Dec

IForex Market Trading Signals and News – 02 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar slips lower vs. yen, euro but remains supported
  • Forex – ECB caution drives traders to buy back euro vs dollar
  • Forex – Dollar rises slightly, ECB meeting in sight

EUR/USD
The EUR/USD pair is attempting an extension of gains above 1.06 levels amid weak European stocks and on the back of an uptick in the German PMI manufacturing index and drop in German unemployment rate. The pair is trading well above its hourly 100-MA located at 1.0596 levels. The shared currency was sitting just above 1.06 handle ahead of the German and Eurozone PMI reports mainly on account of the slight weakness in the European equities. The gains were extended to a high of 1.0618 levels after the German PMI in November revised higher to 52.9. Eurozone PMI came in as expected at 52.8. The German unemployment rate dropped to a new multiyear low of 6.3%. Ahead in the day, the pair could be influenced by the US ISM manufacturing index and sentiment on the Wall Street.

GBP/USD
The pound pared gains against the U.S. dollar on Tuesday, after the release of disappointing U.K. manufacturing data, although positive news for the British banking sector continued to support. GBP/USD pulled back from 1.5126, the pair’s highest since November 26, to hit 1.5085 during European morning trade, still up 0.18%. Cable was likely to find support at 1.4990, Monday’s low and a seven-month low and resistance at 1.5197, the high of November 23.Research group Markit reported on Tuesday that its U.K. manufacturing purchasing managers’ index fell to 52.7 last month from a revised reading of 55.2 in October. Analysts had expected the index to decline to 53.6 in November.But the pound remained supported after Bank of England Governor Mark Carney said that no new wave of capital regulation was scheduled for U.K. banks.It was the central bank’s second public stress test, as it seeks to boost investor confidence in the U.K. financial sector.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5120 TARGET 1.5140 1.5170 SL 1.5090
  • SELL GBP/USD BELOW 1.5060 TARGET 1.5040 1.5010 SL 1.5090

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

2Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 02 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 14.32 points or 0.5% higher to 2870.26, taking the year-to-date performance to -14.71%.
  • The top active stocks today were Hongkong Land, which gained 0.86%, DBS, which gained 0.30%, SingTel, which closed unchanged, OCBC Bank, which closed unchanged and Global Logistic, with a 2.54% advance.
  • The FTSE ST Mid Cap Index gained 0.68%, while the FTSE ST Small Cap Index rose 0.40%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index, which rose 1.49%. The two biggest stocks of the Index – CapitaMall Trust and Ascendas REIT – ended 2.89% higher and 2.09% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.29%. Midas Holdings shares declined 1.64% and NSL rose 2.10%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-0.60%), Spdr Gold Shares (+1.20%), Sti Etf (+0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+2.09%), Capitacom Trust (+2.29%), Capitamall Trust (+2.89%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (+33.82%), HSI23200MBeCW160128 (+32.96%), HSI21200MBePW160128 (-22.40%)
  • The most active stock warrants by value today were : DBS MB eCW160404 (+3.23%), KepCorp MBeCW160222 (-2.30%), SingTelMBeCW160504 (-6.25%)

STOCK RECOMMENDATION :

  • BUY GEO ENERGY ABOVE 0.151 TARGET 0.155 0.160 SL 0.146

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

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