Daily Archives: December 10, 2015


Comex Trading Signals and Market News – 10 December 2015


  • Copper prices inched up on Wednesday, after data showed that Chinese consumer price inflation rose last month, indicating that Beijing’s effort to bolster growth in the world’s second-largest economy may be starting to take effect. The National Bureau of Statistics reported that China’s consumer price index rose 1.5% in November from a year earlier, slightly better than economists’ forecast for an increase of 1.4% after a 1.3% rise in October.
  • Gold edged higher on Wednesday, aided by weakness in the U.S. dollar, but the metal’s upside remained limited as market players prepared for a U.S. rate hike this month.The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.15% to 98.27. Dollar-priced commodities become cheaper to investors holding other currencies when the greenback declines.
  • West Texas Intermediate oil futures rebounded on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell for the first time in 11 weeks.The U.S. Energy Information Administration will release its weekly report on oil supplies at 10:30AM ET Wednesday. The data was expected to show that crude inventories rose by 252,000 barrels last week


  • The emerging economies are facing their fifth consecutive year of slow growth, theWorld Bank noted in a latest update. In a new policy research note ‘Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?’, the World Bank said Since 2010, emerging market growth has been buffeted by global headwinds such as weak international trade,slowing capital flows, and slumping commodity prices, external challenges which have compounded domestic problems including blunted productivity and bouts of politicaluncertainty.
  • Bank of England policymakers differed last month on how soon they might increase the amount of capital banks must hold against economic downturns, the central bank said on Wednesday.Last week the central bank said British banks had nearly completed the job of building up their capital defences, and stopped short of any immediate action to curb lending to consumers or small-scale property investors.
  • Markets failed to assess properly the signals the European Central Bank was sending last week, Governing Council member Ewald Nowotny said on Wednesday, adding that analysts rather than the ECB were to blame for any misunderstanding. The ECB eased monetary policy further last week to fight stubbornly low inflation but kept some of its powder dry, disappointing high market expectations of greater stimulus


  • BUY GOLD ABOVE 1080 TARGET 1085 1091 SL 1074
  • SELL GOLD BELOW 1075 TARGET 1070 1064 SL 1081

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IForex Market Trading Signals and News – 10 December 2015


  • Forex -AUD/USD edges higher after mixed Australian data
  • Forex – NZD/USD slips lower ahead of RBNZ rate decision
  • Forex – Commodity currencies out in the cold, others subdued

The euro edged higher against the dollar on Wednesday, while the commodity linked currencies firmed up after steep declines in the previous two sessions on the back of a selloff in oil prices.EUR/USD was up 0.25% to 1.0918, recovering from Tuesday’s lows of 1.0829. Trade in the euro remained subdued after last Thursday’s rally when the latest round of European Central Bank easing measures fell short of market expectations. The commodity related currencies, including the Canadian dollar and the Norwegian crown, steadied as a selloff in commodities eased after data showing that Chinese inflation picked up last month. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.26% to 98.16.

The GBP/USD pair initially fell during the day here on Tuesday, but found enough support below the 1.50 level to turn things back around and form a relatively positive looking hammer. The question now is whether or not we can bounce from here. At this point in time it’s very unlikely that the markets are ready go higher for any significant move, so we look at rallies as potential selling opportunities. We also look at a break down below the bottom of the candle for the day on Tuesday as a selling opportunity. The dollar remained broadly supported after Friday’s strong U.S. employment data fuelled further expectations that the Federal Reserve will hike interest rates for the first time since 2006 at its upcoming meeting on December 15-16. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.35% at 98.07.


  • BUY GBP/USD ABOVE 1.5100 TARGET 1.5120 1.5150 SL 1.5070
  • SELL GBP/USD BELOW 1.5060 TARGET 1.5040 1.5010 SL 1.5090

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Financial Sgx Singapore Stock Market Trading Picks And News – 10 December 2015


  • The Straits Times Index (STI) ended 14.84 points or 0.52% lower to 2861.19, taking the year-to-date performance to -14.98%.
  • The top active stocks today were SingTel, which declined 1.04%, DBS, which declined 0.60%, UOB, which declined 0.41%, OCBC Bank, which declined 0.80% and NOL, which closed unchanged.
  • The FTSE ST Mid Cap Index declined 0.20%, while the FTSE ST Small Cap Index rose 0.05%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which declined 0.08%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – remained unchanged and 0.33% higher respectively.
  • The under performing sector was the FTSE ST Basic Materials Index, which slipped 1.63%. Midas Holdings shares declined 3.45% and NSL declined 2.69%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-1.99%) Sti Etf (-0.34%), Spdr Gold Shares (+0.31%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Mapletree Ind Tr (+2.63%), Capitamall Trust (+0.52%) ,Capitacom Trust (-0.38%)
  • The most active index warrants by value today were : HSI22000MBePW160128 (+1.68%) HSI22400MBeCW160128 (-5.79%), HSI21200MBePW160128 (+1.77%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (unchanged) SingTelMBeCW160504 (-6.56%) DBS MB eCW160704 (-4.55%)


  • BUY LOYZ ENERGY ABOVE 0.066 TARGET 0.072 0..080 SL 0.060

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