Daily Archives: December 8, 2015

8Dec

Comex Trading Signals and Market News – 08 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices inched up on Monday to hit a one-week high, as market players looked ahead to a deluge of data this week which could provide more evidence of a slowdown in China.Trade figures are due on Tuesday, followed by inflation on Wednesday and industrial production and retail sales on Saturday.
  • Crude oil prices dipped further on Monday after OPEC failed to agree on output targets to reduce a bulging glut that has cut prices by more than 60 percent since June 2014.The Organization of the Petroleum Exporting Countries failed to agree on an oil production ceiling on Friday after a disagreement between Saudi Arabia and Iran meant that the group for the first time in decades didn’t even mention an output quota, which previously stood at 30 million barrels per day (bpd).
  • Gold prices were little changed near the previous session’s three-week high on Monday, as market players prepared for the first U.S. rate hike since 2006 later this month.Gold for February delivery on the Comex division of the New York Mercantile Exchange shed 60 cents, or 0.06%, to trade at $1,083.50 a troy ounce during European morning hours.

ECONOMY NEWS :

  • Indian regulators have launched an unprecedented drive to boost corporate transparency, bombarding firms with disclosure demands, but clumsy execution has created suspicions of a box-ticking exercise that may not entirely achieve its aim.Poor disclosure among India-listed firms is a turnoff for foreign investors, a weakness Asia’s third-largest economy can ill afford as competition for overseas capital heats up among emerging markets in expectation of higher U.S. interest rates.
  • Germany’s industrial production rose a calendar-and-seasonally adjusted 0.2 percent from September, when it declined 1.1 percent, preliminary data from Destatis showed Monday. Excluding energy and construction, industrial production grew 0.7 percent monthly in October. Capital goods output increased 2.7 percent, while production of intermediate goods decreased 1.1 percent. Consumer goods output fell 0.1 percent. Energy output decreased 5.9 percent, while construction rose 0.7 percent.
  • Prime Minister Malcolm Turnbull on Monday unveiled a A$1.1 billion ($806 million) package to boost innovation in Australia, using his first major economic policy statement since becoming leader to map out a pathway beyond the country’s fading resources boom.The plan’s incentives include reductions in the capital gains tax for startups, generous income tax rebates for retail investors, changes to bankruptcy laws to encourage more risk-taking by entrepreneurs and immigration changes to lure top talent.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1085 TARGET 1090 1096 SL 1079
  • SELL GOLD BELOW 1080 TARGET 1075 1069 SL 1085

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

8Dec
Forex Signals

IForex Market Trading Signals and News – 08 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – AUD/USD edges lower despite positive Australian data
  • Forex – Kiwi drops against broadly stronger greenback
  • Forex – Dollar higher as U.S. jobs report supports rate hike view

EUR/USD
The dollar trades generally higher across the board this Monday, with the EUR/USD pair trading at its lowest since last Thursday. Further improvement in the US labor market, as reported last Friday, keeps the FED in the path towards a rate hike later this month. The dollar advanced during the Asian session, and accelerates its advance in the European morning, as local share markets open higher. In the macro calendar, Germany released its industrial production figures for October, which was up by 0.2% from the previous month decrease of 1.1%, but below market’s expectations of a 0.7% advance. Later today, the US will release its November labor market conditions and the consumer credit figures for October, which may help the greenback in advancing further.

GBP/USD
The GBP/USD pair bounces softly from a daily low established at 1.5053, on the back of the dollar’s recovery, but maintains a bearish tone this Monday, with no macroeconomic data in the UK. The greenback is on demand ever since the day started, and seems poised to continue grinding higher all through the day, particularly against its European rivals. From a technical point of view, the 4 hours chart shows that the price is nearing a flat 20 SMA around 1.5050, the immediate support, whilst the technical indicators head lower from overbought territory, supporting further declines on a break below the mentioned support, towards the 1.5000 level. A break below this last seems unlikely for the upcoming 24 hours, yet if selling interest continues pushing lower, 1.4960 is then a probable bearish target.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5090 TARGET 1.6110 1.6140 SL 1.5060
  • SELL GBP/USD BELOW 1.5040 TARGET 1.5020 1.4990 SL 1.5060

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

8Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 08 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 21.87 points or 0.76% higher to 2900.92, taking the year-to-date performance to -13.80%.
  • The top active stocks today were SingTel, which gained 0.79%, UOB, which gained 0.67%, DBS, which gained 0.78%, OCBC Bank, which gained 0.92% and SPH, which closed unchanged.
  • The FTSE ST Mid Cap Index gained 0.21%, while the FTSE ST Small Cap Index rose 0.12%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 1.35%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 1.33% higher and 2.00% higher respectively.
  • The under performing sector was the FTSE ST Basic Materials Index, which rose 0.09%. Midas Holdings shares remained unchangedand NSL declined 0.69%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Dbxt Ft China 25 Etf 10 (-1.15%), Spdr Gold Shares (+2.26%), Sti Etf (+1.02%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged), Suntec Reit (+1.28%), Capitamall Trust (+0.52%)
  • The most active index warrants by value today were : HSI22800MBeCW151230 (-7.04%), HSI22000MBePW160128 (-3.31%), HSI22400MBeCW160128 (-1.92%)
  • The most active stock warrants by value today were : DBS MB eCW160704 (unchanged) KepCorp MBeCW160222 (+9.59%),m OCBC Bk MBeCW160111 (+6.56%)

STOCK RECOMMENDATION :

  • BUY SARINE TECH [U77] ABOVE 1.390 TARGET 1.430 1.480 SL 1.350

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

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