Daily Archives: December 14, 2015

14Dec

Comex Trading Signals and Market News – 14 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices slipped lower in European morning hours on Friday, as expectations for a U.S. rate hike next week continued to support demand for the greenback and to weigh on demand for the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were down 0.20% at $1,069.90.
  • Taking weak cues from overseas markets, silver prices fell by Rs 114 to Rs 34,518 per kg in futures trade today, as participants trimmed positions.In futures trading at the Multi Commodity Exchange, silver for delivery in far-month May next year shed Rs 114 or 0.33% to Rs 34,518 per kg in a business turnover of 7 lots.
  • US crude prices remained near 2009 lows in early Asian trading on Friday as oil output in the Middle East continued to rise despite an existing global glut.US crude futures were at $36.67 per barrel at 0029 GMT, down 9 cents from their last settlement, and only slightly above 2009 lows of $36.38 reached on Thursday.

ECONOMY NEWS :

  • Greek Prime Minister Alexis Tsipras’ governing majority is looking fragile as crunch time approaches for a pension reform that will test his resolve to impose painful measures to satisfy Athens’ international creditors. The coalition of Tsipras’ leftist Syriza party and the right-wing nationalist Independent Greeks has a majority of just three seats in parliament, and pro-European opposition parties that voted for Greece’s latest bailout are publicly refusing him any help on the toxic pension issue.
  • The Reserve Bank of India did not accept all the bids at its 150-billion-rupee ($2.24 billion) government bond sale on Friday, including for the benchmark 10-year debt, marking the second week in a row when it has rejected some of the bids.The RBI accepted only 49.4 billion rupees worth of bids for its 70-billion-rupee sale of 2025 bonds IN077225G=CC , and accepted only 22.9 billion rupees of the 30 billion rupees worth of 2034 bonds being sold. The remaining three bonds were fully allocated.
  • The European Central Bank’s policy measures, including its recently extended asset-purchase programme,are delivering “tangible results” and will bring inflation back to the bank’s target, the ECB’s chief economist said on Friday.”This complex package of policy measures has led to a significant easing in borrowing rates for the broad economy and should thereby continue to contribute to… the return of inflation rates in the medium term to levels closer to 2 percent,” Peter Praet said.

TRADING STRATEGY :

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

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

14Dec

IForex Market Trading Signals and News – 14 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar steady after euro jump loses steam, Aussie trims gains
  • Forex -Onshore yuan rates hit 4-yr low, dollar and euro steadier
  • Forex -Dollar little changed vs. rivals, U.S. data on tap

EUR/USD
EUR/USD posted modest gains on Friday erasing some of its losses from the previous session, as currency traders continued to await a likely interest rate hike by the Federal Reserve at its two-day meeting next week.The currency pair traded between 1.0927 and 1.1031 before settling at 1.0994, up 0.0053 or 0.49% on the session. After surging by more than 3% in last Thursday’s session, EUR/USD has been relatively flat in the six subsequent trading days, moving only percentage points higher. Earlier this week, the euro jumped to one-month highs against the dollar as the aftershocks of a surprising move by the European Central Bank continued to be felt. EUR/USD likely gained support at 1.0549, the low from Dec. 2 and was met with resistance at 1.1041, the high from Dec. 9.

GBP/USD
The pound held steady against the U.S. dollar on Friday, as the Bank of England’s monetary policy decision on Thursday continued to weigh mildly on sterling, while investors remained cautious with the greenback ahead of a string of U.S. data due later in the day. GBP/USD hit 1.5132 during European morning trade, the session low; the pair subsequently consolidated at 1.5153.Cable was likely to find support at 1.5075, the low of December 4 and resistance at 1.5240, the high of November 17.Sterling weakened after dovish Bank of England meeting minutes on Thursday indicated that interest rates are likely to remain on hold at record lows for longer. The Monetary Policy Committee voted eight-to- one to keep rates on hold at 0.5%. Ian McCafferty, one of four external members on the nine-person MPC, voted to increase rates to 0.75%.the economy.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5230 TARGET 1.5250 1.5270 SL 1.5200
  • SELL GBP/USD BELOW 1.5200 TARGET 1.5180 1.5150 SL 1.5230

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

14Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 14 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 13.83 points or 0.49% lower to 2834.63, taking the year-to-date performance to -15.77%.
  • The top active stocks today were SingTel, which declined 0.26%, OCBC Bank, which declined 0.23%, DBS, which declined 0.30%, UOB, which declined 0.47% and NOL, with a 0.41% advance.
  • The FTSE ST Mid Cap Index declined 0.58%, while the FTSE ST Small Cap Index declined 0.87%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which closed unchanged. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation – ended 1.17% higher and 1.38% lower respectively.
  • The under performing sector was the FTSE ST Industrials Index, which slipped 1.56%. Jardine Matheson Holdings shares declined 2.96% and Jardine Strategic Holdings declined 1.77%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-0.69%), Dbxt Msci Indonesia Etf 10 (-1.35%), Is Msci India 100 (-1.08%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.88%), Bhg Retail Reit (unchanged), Capitamall Trust (-0.79%)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (-19.42%), HSI21200MBePW160128 (+15.57%), HSI21400MBePW151230 (+19.77%)
  • The most active stock warrants by value today were : DBS MB EPW160404 (+3.65%), DBS MB eCW160704 (-3.20%), UOB MB eCW160704 (-3.01%)

STOCK RECOMMENDATION :

  • BUY KOYO INTL ABOVE 0.380 TARGET 0.400 0.430 SL 0.340

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