Daily Archives: December 7, 2015

7Dec

Comex Trading Signals and Market News – 07 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices fell 0.48% in futures trade today amid a weak trend in the global market and subdued domestic demand.At the Multi Commodity Exchange, copper for delivery in far-month April next year shed Rs 1.50, or 0.48%, to Rs 308.35 per kg in a business turnover of one lot.On similar lines, metal for delivery in February was down by Rs 1.40, or 0.45%, to Rs 308.35 per kg in 330 lots.
  • Silver prices recovered by Rs 52 to Rs 33,529 per kg in futures trade today after speculators enlarged positions amid firming global trends.At the Multi Commodity Exchange, silver for delivery in December was up by Rs 52, or 0.16%, to Rs 33,529 per kg in a business turnover of four lots.Similarly, the white metal for delivery in far-month March next year was trading higher by Rs 19, or 0.06%, to Rs 34,275 per kg in 884 lots.
  • Gold prices slipped to fresh six-year lows in European morning hours on Friday, as expectations for a U.S. rate hike this month overshadowed the previous session’s policy statement by the European Central Bank and sent the dollar higher.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were down 0.15% at $1,059.50.

ECONOMY NEWS :

  • U.S. job growth likely remained solid in November in a show of the economy’s resilience, which could pave the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. A Reuters survey of economists forecast nonfarm payrolls rising 200,000, adding to the 271,000 jobs created in October.
  • Japan’s defense budget for the next fiscal year is likely to top 5 trillion yen ($40.8 billion) for the first time ever, according to media reports. The budget, which is expected to be finalized later this month, will provide the Shinzo Abe-led government a significant boost toward strengthening the role of its armed forces — a sensitive issue for its neighbors China and South Korea because of the aggression they faced during World War II.
  • India’s mines ministry has written to the finance ministry proposing a hike in the import duty on aluminium to 7.5 percent from 5 percent to protect local producers suffering from rising inbound shipments, Mines Secretary Balvinder Kumar told Reuters. “Domestic companies are reporting operating losses as imports are rising,” Kumar said on Friday, but added he could not be certain that the finance ministry would accept the proposal.

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.

7Dec

IForex Market Trading Signals and News – 07 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Euro hugs huge gains, US payrolls next hurdle for dollar
  • Forex – Dollar regains ground, recovers from ECB drop
  • Forex – Dollar set for biggest loss against euro in over 6-1/2 yrs after ECB

EUR/USD
EUR/USD managed to pause losses and stabilized near 15-week lows over the last hours as investors focus shifts to Friday’s US employment report.EUR/USD came under renewed pressure on Wednesday as the greenback strengthened on the back of supportive US data and comments from Fed Chair Yellen, which fueled bets of a possible rate hike in December. EUR/USD hit a low of 1.0843, last seen July 21, and has spent the last hours consolidating at the bottom of the range. At time of writing, the pair is trading at 1.0855, recording a 0.96% loss on Wednesday. EUR/USD slid 0.75% to 1.0860, after rising to one-month highs of 1.0982 on Thursday. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 1.50% at 98.55, off Wednesday’s eight-month peak of 100.54.

GBP/USD
The pound slipped lower against the U.S. dollar on Friday, after the European Central Bank’s policy statement sent sterling higher on Thursday and as expectations for a U.S. rate hike this month took over market sentiment.GBP/USD hit 1.5078 during European morning trade, the session low; the pair subsequently consolidated at 1.5120, slipping 0.16%.Cable was likely to find support at 1.4902, Thursday’s low and nearly a seven-month low and resistance at 1.5197, the high of November 23.The pound had strengthened after ECB President Mario Draghi said on Thursday that the pace of the quantitative easing program is to remain unchanged at €60 billion, disappointing expectations that the central bank would speed up its bond-buying scheme.But the dollar regained ground after Federal Reserve Chair Janet Yellen strongly indicated to Congress on Thursday that Fed policymakers are likely to vote to raise interest rates at its meeting in two weeks, barring any major shocks to the global economy.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5150 TARGET 1.5170 1.5220 SL 1.5110
  • SELL GBP/USD BELOW 1.5080 TARGET 1.5060 1.5020 SL 1.5120

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

7Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 07 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 4.84 points or 0.17% lower to 2879.05, taking the year-to-date performance to – 14.45%.
  • The top active stocks today were DBS, which declined 0.24%, SingTel, which closed unchanged, UOB, which gained 0.46%, OCBC Bank, which closed unchanged and CapitaLand, with a 0.31% advance.
  • The FTSE ST Mid Cap Index declined 0.21%, while the FTSE ST Small Cap Index rose 0.07%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 0.76%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 0.46% higher and 1.97% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 0.88%. Jardine Matheson Holdings shares declined 0.20%and Jardine Strategic Holdings rose 0.44%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Spdr Gold Shares (+0.89%), Sti Etf (-0.68%) Is Msci India 100 (-1.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-2.49%), Capitamall Trust (-1.29%) Suntec Reit (-0.95%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (-18.39%), HSI21400MBePW151230 (+3.18%), HSI22000MBePW160128 (unchanged)
  • The most active stock warrants by value today were : KepCorp MBeCW160222 (-2.67%), DBS MB eCW160404 (-6.25%) OCBC Bk MBeCW160111 (-4.69%)

STOCK RECOMMENDATION :

  • BUY CORDLIFE ABOVE 1.340 TARGET 1.360 1.400 SL 1.290

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

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