Daily Archives: December 4, 2015

4Dec

Comex Trading Signals and Market News – 04 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil futures recovered on Thursday, with West Texas Intermediate prices reclaiming the $40-level as market players looked ahead to Friday’s highly-anticipated OPEC meeting in Vienna.Media reports said that Saudi Arabia, which has so far resisted pressure to waver from its no-cut policy, will propose a supply cut of 1 million barrels per day, as long as other producers like Iran, Iraq and Russia join them.
  • Gold prices sank to the lowest level in almost six years on Thursday, amid mounting expectations that the Federal Reserve will raise interest rates at its December policy meeting.Fed Chair Janet Yellen said on Wednesday that the central bank was still on track to hike rates this month, citing “continued improvement in the labor market” and “confidence that inflation will move back to our 2% objective over the medium term.”
  • Copper prices fell to two-week lows on Thursday, 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.The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.25% to 100.30, re-approaching the prior session’s eight-month peak of 100.54.

ECONOMY NEWS :

  • Asian Development Bank President Takehiko Nakao said on Thursday he did not expect U.S. interest rate rises to trigger a financial crisis in Asia, but the bank remains ready to lend support to vulnerable countries.The U.S. Federal Reserve is widely expected to raise interest rates for the first time in almost a decade at its next meeting Dec.15-16, raising some concern about capital flows out of Asia and emerging economies.
  • Japan services sector continued to expand in November, but at a slower rate, with a PMI score of 51.6, the latest survey from Nikkei revealed on Thursday. That’s down from 52.2 in October, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components, new orders expanded at a slower rate, while employment fell for a second straight month – although business sentiment strengthened. The composite PMI was steady at 52.3.
  • China’s services Purchasing Managers’ Index fell to 51.2 in November from October’s three-month high of 52.0, survey data published by Markit showed Thursday. The Caixin composite output index rose to 50.5 in November from 49.9 in October. The score exceeded the neutral 50 mark for the first time in four months. Meanwhile, manufacturing production stabilized in November, following a six-month sequence of reduction.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1055 TARGET 1060 1066 SL 1049
  • SELL GOLD BELOW 1045 TARGET 1040 1034 SL 1051

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

4Dec

IForex Market Trading Signals and News – 04 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – NZD/USD moves higher but gains seen limited
  • Forex – Dollar continues to trade at 8-month highs vs. rivals
  • Forex – AUD/USD rises to nearly 1-1/2 month highs in late trade

EUR/USD
The euro was trading close to seven-and-a-half month lows against the dollar on Thursday as investors waited to see whether the European Central Bank would announce fresh monetary easing measures after its meeting later in the day.EUR/USD was down 0.33% to 1.0577, not far from Wednesday’s lows of 1.0549, the weakest level since April 14.The single currency remained broadly weaker after data on Wednesday showing that the annual rate of inflation in the euro area rose just 0.1% in November added to pressure on the ECB to step up measures to shore up the flagging recovery in the region. The ECB targets inflation of close to, but just below 2%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose to 100.28, holding just below the seven-and-a-half month peaks of 100.54 set on Wednesday.

GBP/USD
The pound pulled back from almost seven-and-a-half month lows against the broadly stronger dollar on Thursday after data showing that the U.K. service sector grew at the fastest rate in four months in November.GBP/USD was last at 1.4934 after falling to 1.4906 earlier, not far from the trough of 1.4893 set on Wednesday.The Markit services purchasing managers’ index rose to 55.9 last month from Octobers 54.9. Analysts had expected the index to rise to 55.0.It was the fastest rate of growth since July and new business growth also strengthened to a four month high the report said.Sterling was also higher against the weaker euro, with EUR/GBP down 0.37% to 0.7070 as investors waited to see whether the European Central Bank would announce fresh monetary easing measures after its meeting later in the day. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose to 100.37, holding just below the seven-and-a-half month peaks of 100.54 set on Wednesday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4950 TARGET 1.4970 1.5000 SL 1.4920
  • SELL GBP/USD BELOW 1.0550 TARGET 1.0530 1.0500 SL 1.0580

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

4Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 0.25 points or 0.01% higher to 2883.89, taking the year-to-date performance to -14.30%.
  • The top active stocks today were DBS, which closed unchanged, SingTel, which declined 0.52%, OCBC Bank, which closed unchanged, Keppel Corp, which declined 1.07% and CapitaLand, with a 1.26% advance.
  • The FTSE ST Mid Cap Index declined 0.10%, while the FTSE ST Small Cap Index declined 0.32%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 1.13%. The two biggest stocks of the Index – Jardine Cycle & Carriage and Singapore Airlines – ended 6.15% higher and 1.07% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 2.09%. Midas Holdings shares declined 3.28% and NSL remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares Usd Asia Bond Etf (+0.19%),Is Msci India 100 (unchanged),Spdr Gold Shares (-1.66%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.41%), Capitamall Trust (-0.51%), Capitacom Trust (-1.10%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (-9.38%), HSI21400MBePW151230 (+10.53%), HSI22400MBePW151230 (+3.48%)
  • The most active stock warrants by value today were : DBS MB eCW160404 (-1.54%), KepCorp MBeCW160222 (-6.25%), OCBC Bk MBeCW160111 (-1.54%)

STOCK RECOMMENDATION :

  • BUY ROWSLEY ABOVE 0.185 TARGET 0.195 0.220 SL 0.160

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

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