Daily Archives: December 9, 2015

9Dec

Comex Trading Signals and Market News – 09 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices inched lower on Tuesday, as market players started looking ahead to the Federal Reserve’s upcoming policy meeting later this month.While investors widely expect the Fed to raise rates at its December 15-16 meeting, they anticipate the pace of increases to be gradual. A gradual path to higher rates is seen as less of a threat to gold prices than a swift series of increases.
  • Oil prices inched up on Tuesday, but held near the previous session’s seven-year lows amid a global supply glut. On the ICE Futures Exchange in London, Brent oil for January delivery tacked on 32 cents, or 0.79%, to trade at $41.05 a barrel during European morning hours. A day earlier, London-traded Brent sank to $40.60, a level not seen since February 2009, before ending at $40.73, down $2.27, or 5.28%
  • Copper prices swung between small gains and losses on Tuesday, as the latest trade figures out of China added to concerns over the health of the world’s second-biggest economy, while also pointing to strong demand for the red metal.Chinese exports slumped 6.8% from a year earlier in November, worse than forecasts for a decline of 5.0%, while imports dropped 8.7%, compared to expectations for a tumble of 12.6%. That left China with a surplus of $54.1 billion last month, down from $61.6 billion in October.

ECONOMY NEWS :

  • China and Russia will sign nuclear energy, aviation and space deals next week during a visit to China by Russian Prime Minister Dmitry Medvedev, a senior Chinese diplomat said on Tuesday.Medvedev will be in China to attend a summit of prime ministers from the Shanghai Cooperation Organization, a Chinese and Russia-lead security block, in the central Chinese city of Zhengzhou.
  • The slowing world economy looks set to get a boost from stronger consumer demand next year, as low inflation boosts the real value of workers’ pay rises to a three-year high, a survey said on Tuesday.A plunge in oil prices has pushed inflation sharply lower, and means real wages are predicted to rise by an average of 2.5 percent globally in 2016, the study by human resources firm Korn Ferry Hay Group showed.
  • UK house prices declined 0.2 percent in November from October, when it grew 1 percent, survey data from the Lloyds Banking Group’s Halifax division showed Tuesday. Prices in the three months to November advanced 9 percent from same period a year earlier compared to a 9.7 percent rise in three months to October. The annual growth was expected to slow slightly to 9.5 percent. During September to November, house prices climbed 1.4 percent from the preceding three months. This was the smallest rise since December 2014.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075 TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1070 TARGET 1065 1059 SL 1075

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

9Dec
forex-trading3

IForex Market Trading Signals and News – 09 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – NZD/USD edges higher but gains capped
  • Forex – Dollar slips against euro, yen, commodity currencies weaker
  • Forex – AUD/USD drops after Chinese trade data

EUR/USD
The dollar slid lower against the euro on Tuesday, but remained broadly stronger against the commodity linked currencies as the latest trade data out of China added to fears over slowing growth.Data on Tuesday showing that Chinese exports fell for the fifth consecutive month added to fears over a slowdown in the world’s second-largest economy.Exports fell 6.8% on a year-over-year basis in November as weak global demand continued to weigh. Imports were also down, falling 8.7%.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, eased 0.18% to 98.55. Demand for the dollar continued to be underpinned by expectations that the Federal Reserve is on track to raise interest rates for the first time since 2006 at its upcoming meeting on December 15-16.

GBP/USD
The pound fell to session lows against the dollar on Tuesday after data showing that U.K. manufacturing output fell more than expected in October, dampening the outlook for fourth quarter growth.GBP/USD hit lows of 1.5004, down from around 1.5012 ahead of the data. The Office for National Statistics said manufacturing output fell 0.4% in October, compared to forecasts for a more modest decline of 0.1%, after rising 0.9% in September. Manufacturing output fell 0.1% from a year earlier, against expectations for a gain of 0.1%. Industrial output rose 0.1% on the month, in line with forecasts and was up 1.7% from a year earlier, beating forecasts for a gain of 1.2%.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, eased 0.10% to 98.62.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5040TARGET 1.5060 15090 SL 1.5010
  • SELL GBP/USD BELOW 1.4990 TARGET 1.4970 1.4940 SL 1.5020

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

9Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 24.89 points or 0.86% lower to 2876.03, taking the year-to-date performance to -14.53%.
  • The top active stocks today were NOL, which declined 0.41%, SingTel, which closed unchanged, DBS, which declined 0.60%, UOB, which declined 0.87% and SIA, with a 3.88% advance.
  • The FTSE ST Mid Cap Index declined 0.71%, while the FTSE ST Small Cap Index declined 0.69%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.15%. The two biggest stocks of the Index – China Everbright Water and SIIC Environment Holdings – ended 0.75% lower and 1.28% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.54%. Keppel Corp shares declined 2.28% and Sembcorp Industries declined 3.81%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.01%), Spdr Gold Shares (-0.96%), Dbxt Msci Indonesia Etf 10 (-1.91%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+1.28%), Capitamall Trust (-1.04%), Capitacom Trust (-1.12%)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (-20.92%), HSI22800MBeCW151230 (-36.36%), HSI22000MBePW160128 (+22.60%)
  • The most active stock warrants by value today were : DBS MB eCW160704 (-4.35%), KepCorp MBeCW160222 (-16.25%), SingTelMBeCW160504 (unchanged)

STOCK RECOMMENDATION :

  • BUY BIOSENSORS ABOVE 0.820 TARGET 0.850 0.900 SL0.770

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

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