Daily Archives: December 15, 2015

15Dec

Comex Trading Signals and Market News – 15 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold traded narrowly higher in Asia on Tuesday with investors largely on the sidelines ahead of this week’s Federal Reserve meeting widely expected to hike interest rates.On the Comex division of the New York Mercantile Exchange, gold for February delivery inched 0.08% up to $1,064.20 a troy ounce.Crude oil prices in Asia on Tuesday failed to hold gains from the U.S. as investors continued to monitor massive over supply.
  • On the New York Mercantile Exchange, WTI crude for January delivery fell 0.185% to $36.25 a barrel. Ahead on Tuesday, the American Petroleum Institute will release estimates ofU.S. crude and refined product stockpiles held last week. That will be followed Wednesday by more closely-watched figures from the U.S. Department of Energy.
  • The once-deep discount for benchmark U.S. crude oil prices versus global rates is about to disappear for the first time since the rise of the shale oil boom, a sudden reversal that highlights the market’s ongoing flux. On Monday, U.S. West Texas Intermediate for delivery in March settled just 6 cents below global Brent crude for the same month, the narrowest gap since 2010. It was trading at more than $1 a barrel two days ago.

ECONOMY NEWS :

  • Germany will lay out a climate action plan for 2050 by the middle of next year and is talking to industry groups and trade unions about ways to end coal-fired power generation, its Environment Minister said on Monday. Global leaders clinched a breakthrough deal in Paris on Saturday to transform the world’s fossil fuel-driven economy within decades in a bid to arrest global warming.
  • The wave of refugees flooding into Austria could bolster the country’s economic growth if Vienna continues to work on integrating them quickly, the International Monetary Fund (IMF) said on Monday.Hundreds of thousands of migrants, many of them fleeing war and poverty in the Middle East, Afghanistan and elsewhere, have reached Austria since early September, most continuing on into neighboring Germany.
  • The sell off in the bellwether high risk corporate debt market is spreading fears that the U.S. economy is on less sound footing than investors thought.On Monday, the widely-traded iShares iBoxx $ High Yield Corporate Bond ETF – essentially a basket of junk debt -expanded its losses for the year to 12 percent. A competitor product, the SPDR Barclays (L:BARC) High Yield Bond ETF, expanded its losses for the year to 13.4 percent.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1070 TARGET 1075 1082 SL 1065
  • SELL GOLD BELOW 1063 TARGET 1058 1052 SL 1068

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

15Dec
forex-market-hours

IForex Market Trading Signals and News – 15 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar broadly higher as markets turn to Fed meeting
  • Forex – NZD/USD holds steady, all eyes on Fed
  • Forex – AUD/USD rises off 3-week lows but gains capped

NZD/USD
The New Zealand dollar held steady against its U.S. counterpart on Monday, as investors remained cautious ahead of the Federal Reserve’s highly-anticipated policy meeting this week.NZD/USD hit 0.6692 during late Asian trade, the pair’s lowest since December 9; the pair subsequently consolidated at 0.6710.The pair was likely to find support at 0.6622, the low of December 7 and resistance at 0.6787, the high of December 11.Most investors expect the Fed to raise interest rates for the first time since June 2006 at its upcoming meeting on December 15-16.Higher interest rates would make the U.S. dollar more attractive to yield-seeking investors.

AUD/USD
The Australian dollar rose against its U.S. counterpart on Monday, easing off a three-week low but gains were expected to remain limited as sentiment on the greeback strengthened ahead of the Federal Reserve’s policy meeting this week.AUD/USD hit 0.7214 during late Asian trade, the session high; the pair subsequently consolidated at 0.7208, rising 0.26%. The pair was likely to find support at 0.7098, the low of November 19 and resistance at 0.7283, Friday’s high.Most investors expect the Fed to raise interest rates for the first time since June 2006 at its upcoming meeting on December 15-16.Higher interest rates would make the U.S. dollar more attractive to yield-seeking investors.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5230 SL 1.5140
  • SELL GBP/USD BELOW 1.5130 TARGET 1.5110 1.5070 SL 1.5160

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15Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 15 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 19.59 points or 0.69% lower to 2815.04, taking the year-to-date performance to -16.35%.
  • The top active stocks today were DBS, which declined 0.55%, SingTel, which declined 1.30%, OCBC Bank, which declined 0.93%, UOB, which closed unchanged and CapitaLand, with a 0.64% fall.
  • The FTSE ST Mid Cap Index declined 1.19%, while the FTSE ST Small Cap Index declined 1.36%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which declined 0.35%. The two biggest stocks of the Index – Jardine Cycle & Carriage and Singapore Airlines – ended 2.07% lower and 0.27% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.23%. Keppel Corp shares declined 2.20% and Sembcorp Industries declined 1.33%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-0.35%) Nikko Am Singapore Sti Etf (-0.68%) Is Msci India 100 (+1.09%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.33%)

STOCK RECOMMENDATION :

  • BUY SPACKMAN ABOVE 0.153 TARGET 0.158 0.165 SL 0.146

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

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