Daily Archives: December 3, 2015

3Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 03 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 13.38 points or 0.47% higher to 2883.64, taking the year-to-date performance to -14.31%.
  • The top active stocks today were SingTel, which gained 0.26%, OCBC Bank, which gained 0.81%, DBS, which gained 0.42%, UOB, which gained 1.03% and CapitaLand, with a 1.92% advance.
  • The FTSE ST Mid Cap Index gained 0.18%, while the FTSE ST Small Cap Index rose 0.51%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 1.21%. The two biggest stocks of the Index – Jardine Cycle & Carriage and Singapore Airlines – ended 5.03% higher and 0.79% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.81%. Keppel Corp shares declined 1.21% and Sembcorp Industries declined 2.77%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (unchanged), Sti Etf (+0.34%), Dbxt Ft China 25 Etf 10 (+0.30%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-0.26%), Ascendas Reit (-0.82%), Capitacom Trust (+1.87%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (+5.50%), HSI23200MBeCW160128 (+3.42%), HSI21200MBePW160128 (-8.25%)
  • The most active stock warrants by value today were : DBS MB eCW160404 (+1.56%) ,UOB MB eCW160111 (+9.62%) KepCorp MBeCW160222 (-5.88%)

STOCK RECOMMENDATION :

  • BUY CAPITACOM TRUST ABOVE 1.370 TARGET 1.400 1.450 SL 1.330

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

3Dec

Comex Trading Signals and Market News – 03 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices inched higher on Wednesday, as investors awaited key U.S. data later in the day for further indications on the strength of the economy and the likelihood of a near-term interest rate hike.The U.S. was to release the ADP jobs report for November at 8:15AM ET. Market players will also pay close attention to a speech by Federal Reserve Chair Janet Yellen on the U.S. economic outlook at 12:25PM ET.
  • Copper prices traded near a one-week high on Wednesday, after Chinese metal producers pledged to cut production of the red metal to combat falling prices.Copper for March delivery on the Comex division of the New York Mercantile Exchange dipped 0.2 cents, or 0.08%, to trade at $2.072 a pound during morning hours in London. It earlier rose to $2.085, the highest since November 27.
  • Oil prices fell on Wednesday as an unexpected rise in inventories pulled down U.S. crude contracts, while Brent was weighed down by China’s bleak economic outlook and a widespread expectation that OPEC will maintain high production.U.S. crude (CLc1) was trading down 22 cents at $41.63 per barrel at 0628 GMT (0128 ET), more than 10 percent below the start of November.

ECONOMY NEWS :

  • Chinese Consumer confidence towards the car market slipped further again in November.Chinese consumers were slightly more enthusiastic about the car purchasing environment,although a rise in expected running costs dragged overall sentiment down. That said, aslight improvement in car purchase expectations, though still below the neutral 100 levelthat separates pessimists from optimists, may suggest car sales will help underpin overall-market sentiment in the near term.
  • Eurozone unemployment rate dropped marginally to 10.7 percent in October from 10.8 percent in September, Eurostat reported Tuesday. This was the lowest rate since January 2012. It was forecast to stay at 10.8 percent in October. Meanwhile, German unemployment dropped to a record low even as rising fears of joblessness due to the huge influx of migrants hurt consumer sentiment in the biggest euro area economy.
  • The US Federal Reserve should move gradually and cautiously to raise interest rates given the state of the economy, Federal Reserve Governor Lael Brainard stated yesterday. In a speech at Stanford University, Brainard noted that three factors – the poor outlook for the global economy, investor caution in the wake of the crisis and low productivity growth translate into a low-interest-rate economic environment.

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.

3Dec

IForex Market Trading Signals and News – 03 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar falls from highs as U.S., euro zone data weigh
  • Forex – Dollar recovers from downbeat data, edges back up
  • Forex – Euro fragile before ECB meeting, lends support to dollar

EUR/USD
The euro moved lower against the dollar and the other major currencies on Wednesday after weak euro zone inflation data added to pressure on the European Central Bank to step up stimulus measures.EUR/USD was down 0.45% to 1.0585, re-approaching Monday’s seven-month trough of 1.0552, from around 1.0622 ahead of the data.Eurostat said the annual rate of inflation in the euro zone rose just 0.1% in November, below forecasts of 0.2% and unchanged from the previous month.Core inflation, which excludes energy, food and tobacco, rose just 0.9%, slowing from 1.1% in October, indicating that inflationary pressures in the region are weakening. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.26% to 100.14, not far from Monday’s highs of 100.36, the most since mid-April.

GBP/USD
The GBP/USD pair trades lower this Wednesday, with the pair plunging to a fresh daily low of 1.5029 after the release of the UK Construction PMI, down to 55.3 in November against previous 58.8 and expectations of 58.2. The negative surprise adds to recent concerns over the slowing pace of economic growth in the UK, which will ultimate result in a delay in a rate hike.Later today, the US will release the ADP private survey, and some minor employment figures for November, which will be quite relevant ahead of the Nonfarm Payroll report to be released this Friday. The U.S. dollar index, which measures the greenback’s strength against a trade weighted basket of six major currencies, was at 99.95, not far from Monday’s highs of 100.36, the most since mid-April. The weak data was seen as unlikely to prompt the Federal Reserve to delay hiking rates next month, but sparked fears that further monetary tightening could hamper the U.S. economic recovery.

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.

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