Daily Archives: December 11, 2015


Comex Trading Signals and Market News – 11 December 2015


  • Copper prices rose on Thursday, after mining giant Glencore (L:GLEN) announced wider spending cuts as the commodities group races to cut debt and shore up its balance sheet.The Swiss-based company cut its capital expenditure for 2016 to $3.8 billion, from an earlier estimate of $5 billion.Glencore said last month it will cut 55,000 metric tons of copper output by the end of 2017, the latest in a string of supply cuts.
  • Oil prices inched up on Thursday, but held near seven-year lows amid uncertainty about how quickly the global glut of crude is set to shrink.Oil futures are down more than 10% since the Organization of the Petroleum Exporting Countries failed to agree on output targets last week. As a result, crude prices are expected to remain stubbornly low amid a glut of oversupply on global energy markets.
  • Gold futures edged lower on Thursday, but still stuck in familiar trading range, as market players braced for the first U.S. rate hike since 2006 next week.The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.2% to 97.53. Dollar-priced commodities become more expensive to investors holding other currencies when the greenback gains.


  • India’s cabinet has cleared a $14.7 billion Japanese proposal to build the country’s first bullet train line, a government minister and an official said on Thursday, one of the biggest foreign investments in Indian infrastructure. The decision ahead of Japanese Prime Minister Shinzo Abe’s visit beginning on Friday gives Tokyo an early lead over China, which is also bidding to construct high-speed train lines along large parts of India’s largely British-era rail system.
  • The Reserve Bank of India (RBI) said it would intervene in the rupee currency futures market, if required, to manage excessive volatility, ahead of next week’s FOMC meeting. The RBI very often intervenes in the forex market in order to maintain orderly conditions in the market. The central bank said the data for the exchange-traded currency derivatives market would be published in monthly bulletins. The disclosure is the first such by RBI.
  • A great majority of European Central Bank governors do not want to boost quantitative easing further, Yves Mersch said, adding that its move to buy new bonds as old ones mature would inject hundreds of billions of euros. “The very large majority of the Governing Council is of the view that the measures are appropriate and that more is not needed to reach our goal,” Mersch told a journalists’ club dinner on Wednesday, referring to the group that sets policy to keep inflation ticking upwards.


  • BUY GOLD ABOVE 1075 TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1070 TARGET 1065 1059 SL 1076

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IForex Market Trading Signals and News – 11 December 2015


  • Forex -NZD/USD higher despite RBNZ rate cut
  • Forex -Swiss franc steady after SNB keeps rates on hold at 0.75%
  • Forex -AUD/USD rallies on strong Australian jobs data

The dollar pushed higher against the euro and the yen on Thursday after losses in the previous sessions as investors turned their attention to next week’s Federal Reserve meeting amid expectations for an imminent rate hike.EUR/USD was down 0.39% to 1.0908, off Wednesday’s five week highs of 1.1042.The euro had continued to strengthen in the wake of last Thursday’s rally after the latest round of easing announced by the European Central Bank fell well short of market expectations.On Wednesday, ECB Governing Council member Ewald Nowotny said market expectations for additional stimulus measures had been too high and that investors should have paid more attention to economic fundamentals.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.38% to 97.71.

The pound was almost unchanged at three-week highs against the U.S. dollar on Thursday, even after data showed that he U.K. trade deficit widened much more than expected in October, as investors awaited the Bank of England’s policy decision later in the day.GBP/USD hit 1.5196 during European morning trade, the pair’s highest since November 20; the pair subsequently consolidated at 1.5178.Cable was likely to find support at 1.5075, the low of December 4 and resistance at 1.5248, the high of November 18. The U.K. Office for National Statistics reported that the country’s trade deficit widened to £11.83 billion in October from £8.8 billion the previous month. Economists had expected the trade deficit to widen to £9.7 billion in October. The U.S. dollar rallied to 11-/12 year highs against other major currencies earlier in the week after Friday’s strong U.S. employment data added to expectations that the Fed will hike interest rates for the first time since 2006.


  • BUY GBP/USD ABOVE 1.5190 TARGET 1.5170 1.5140 SL 1.5160
  • SELL GBP/USD BELOW 1.5160 TARGET 1.5140 1.5110 SL 1.5190

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Financial Sgx Singapore Stock Market Trading Picks And News – 11 December 2015


  • The Straits Times Index (STI) ended 12.73 points or 0.44% lower to 2848.46, taking the year-to-date performance to – 15.35%.
  • The top active stocks today were DBS, which declined 0.30%, Ascendas Reit, which declined 4.20%, SingTel, which gained 1.05%, OCBC Bank, which declined 0.46% and UOB, with a 0.67% fall.
  • The FTSE ST Mid Cap Index declined 0.81%, while the FTSE ST Small Cap Index declined 0.65%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.00%. The two biggest stocks of the Index – SingTel and StarHub – ended 1.05% higher and 1.12% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which slipped 1.13%. CapitaMall Trust shares declined 1.30% and Ascendas REIT declined 4.20%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-0.34%), Dbxt Msci Indonesia Etf 10 (-0.36%), Is Msci India 100 (+0.94%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-4.20%), Capitamall Trust (-1.30%), Capitacom Trust (-1.13%)
  • The most active index warrants by value today were : HSI21200MBePW160128 (+6.09%), HSI22000MBePW160128 (+6.04%), HSI22400MBeCW160128 (-9.65%)
  • The most active stock warrants by value today were : DBS MB eCW160704 (-0.79%), UOB MB eCW160704 (-5.00%), DBS MB ePW160215 (+1.39%)


  • BUY INNOVALUES [591] ABOVE 0.760 TARGET 0.0795 0.835 SL 0.730

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