Daily Archives: December 16, 2015

16Dec

Comex Trading Signals and Market News – 16 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold struggled near one-week lows on Tuesday, ahead of a widely anticipated U.S. rate hike by the Federal Reserve.The Fed is expected to raise interest rates for the first time in nearly a decade at the conclusion of its two day policy meeting at 2:00PM ET on Wednesday. The central bank will also release its latest forecasts for economic growth and interest rates.
  • Oil prices resumed their decline on Tuesday, one day after bouncing off seven-year lows, as worries that a global supply glut may stick around for longer than anticipated continued to weigh.Oil futures have fallen almost 15% since December 4, when the Organization of the Petroleum Exporting Countries failed to agree on output targets to reduce a glut of oversupply on global energy markets.
  • Copper futures were up 0.16% at Rs 319.25 per kg today as speculators enlarged bets, largely in step with a firming trend in base metals at the London Metal Exchange (LME).At Multi Commodity Exchange, copper for delivery in February next year rose 50 paise, or 0.16%, at Rs 319.25 per kg, in a turnover of 4,681 lots.

ECONOMY NEWS :

  • Japanese firms’ inflation expectations fell from three months ago as slumping oil costs weighed on underlying price growth, a Bank of Japan survey showed on Tuesday, adding to doubts on the effectiveness of the central bank’s massive stimulus programme.The outcome may heighten market expectation of near-term monetary easing since BOJ Governor Haruhiko Kuroda has said the bank won’t hesitate to act if sliding inflation and overseas headwinds discourage firms from raising prices, analysts said.
  • Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates. The 69-year-old economist argues the time is coming for a rate-lift-off even though inflation has yet to accelerate, trusting decades of studies that suggest a tight labour market eventually creates inflationary pressures.
  • China’s central bank is on guard against a sudden attack on the yuan in offshore markets, and is ready to intervene if the gap between offshore and onshore exchange rates becomes destabilizing, sources involved in policy discussions say. Though the People’s Bank of China (PBOC) wants to avoid a sharp depreciation in the currency, it is comfortable with further weakening of the yuan against the dollar, policy insiders said, especially as the U.S. Federal Reserve is expected to raise interest rates on Wednesday for the first time since 2006.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1070 TARGET 1075 1081 SL 1064
  • SELL GOLD BELOW 1062 TARGET 1053 1047 SL 1067

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

16Dec

IForex Market Trading Signals and News – 16 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -NZD/USD climbs to 1-1/2 month highs ahead of Fed
  • Forex -AUD/USD edges higher after RBA minutes
  • Forex -Dollar moves lower as Fed meeting looms

EUR/USD
.The dollar moved lower against the on Tuesday amid growing expectations that the greenback could weaken in the wake of the Federal Reserve’s policy meeting later this week.EUR/USD hit highs of 1.1060, the most since October 30 and was last at 1.1049, up 0.52%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 97.32, off 0.44% for the day.Most investors expect the U.S. central bank to raise interest rates for the first time since June 2006 at its upcoming meeting on Wednesday.Higher interest rates would make the dollar more attractive to yield-seeking investors in the long run, but a rate hike could also trigger dollar selling in the immediate aftermath.With a rate hike priced in investors are now focusing on how quickly the Fed will tighten monetary policy in 2016. The Fed has indicated that the pace of rate hikes will be gradual.

GBP/USD
The GBP/USD pair trades slightly lower this Tuesday, hovering between gains and losses around 1.5150 ever since the day started. The release of UK inflation figures failed to support the Pound despite the figures resulted better-than-expected, with the CPI rising by 0.1% in the year to November. Monthly basis, inflation remained flat, against expectations of a 0.1% decline. The producer price index, however, continued to fall yearly basis, down by 1.5%. The technical picture is neutral, as in the 4 hours chart, the indicators are horizontal around their mid-lines, while the price is being capped by the 20 SMA and the 200 EMA, both converging a few pips above the current level. The pair will likely maintain the range during the upcoming hours, until the release of the US inflation data at the beginning of the American session, set to determinate market’s tone for the rest of the day.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5220 SL 1.5140
  • SELL GBP/USD BELOW 1.5140 TARGET 1.5120 1.5090 SL 1.517

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

16Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 16 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 0.48 points or 0.02% higher to 2815.52, taking the year-to-date performance to – 16.33%.
  • The top active stocks today were DBS, which closed unchanged, SingTel, which declined 0.79%, CapitaLand, which declined 0.64%, UOB, which declined 0.37% and OCBC Bank, with a 0.23% advance.
  • The FTSE ST Mid Cap Index gained 0.26%, while the FTSE ST Small Cap Index declined 0.22%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.07%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 1.89% higher and 0.34% lower respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.11%. Silverlake Axis shares declined 2.94% and CSE Global declined 3.30%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Dbxt Msci Russia Cap 25 Etf 10 (-1.21%), Sti Etf (unchanged), Dbxt Ft China 25 Etf 10 (+1.06%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-0.27%), Ascendas Reit (unchanged), Capitacom Trust (-0.77%)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (-3.90%), HSI21600MBeCW160128 (unchanged), HSI21200MBePW160128 (-0.67%)
  • The most active stock warrants by value today were : DBS MB eCW160704 (+3.57%), DBS MB eCW160215 (+3.33%), UOB MB eCW160704 (-0.81%)

STOCK RECOMMENDATION :

  • BUY HTL INTL ABOVE 0.580 TARGET 0.600 0.630 SL 0.540

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