Daily Archives: December 18, 2015

18Dec

Comex Trading Signals and Market News – 18 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices dropped to two-week lows on Thursday, after the Federal Reserve’s first rate hike in almost a decade pushed up the dollar, dampening demand for raw materials.Copper for March delivery on the Comex division of the New York Mercantile Exchange slumped 2.5 cents, or 1.22%, to trade at $2.046 a pound during morning hours in London.
  • Oil prices fell back towards seven-year lows on Thursday, as ongoing jitters over a global supply glut coupled with a broadly stronger U.S. dollar weighed.On the ICE Futures Exchange in London, Brent oil for February delivery dropped 24 cents, or 0.64%, to trade at $37.15 a barrel during European morning hours.A day earlier, London-traded Brent plunged $1.34, or 3.41%, as worries that a global supply glut may stick around for longer than anticipated continued to weigh.
  • Gold fell sharply in Europe on Thursday, as the U.S. dollar surged after the Federal Reserve raised interest rates for the first time in nearly a decade.Gold for February delivery on the Comex division of the New York Mercantile Exchange slumped $11.00, or 1.02%, to trade at $1,065.80 a troy ounce during European morning hours.

ECONOMY NEWS :

  • The world’s central banks are scrambling to assess the risk a slowing China poses to their economies and appear to be no closer than most other observers to working out what is going on in the world’s second largest economy. While the Reserve Bank of Australia and the Bank of Japan have offices in Beijing, the U.S. Federal Reserve and the European Central Bank appear to rely on the same data – that may be flawed – as everyone else.
  • The impact of the U.S. interest rate hike should be minimal in India as the country is relatively well cushioned, Chief Economic Adviser Arvind Subramanian said on Thursday.Policy makers, including Reserve Bank of India Governor Raghuram Rajan, have been touting India as being more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals.
  • The European Union is seeking a fair deal that will provide a way out of a complicated questions over the future of Britain’s membership in the bloc, European Commission chief Jean-Claude Juncker said on Thursday.”We want a fair deal with Britain and this fair deal has to be a fair deal with other countries,” Juncker told a briefing in Brussels.”We’ll enter the concrete and vital phase of negotiations with our British colleagues. The Commission is ready to look for other options than the single one proposed by the British prime minister and I’m quite convinced that we will find a solution to that highly complicated question.”

TRADING STRATEGY :

  • BUY GOLD ABOVE 1070 TARGET 1075 1081 SL 1064
  • SELL GOLD BELOW 1060 TARGET 1055 1049 SL 1066

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

18Dec

IForex Market Trading Signals and News – 18 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -AUD/USD drops after U.S. rate hike
  • Forex -Kiwi lower against broadly stronger greenback
  • Forex -Dollar near 2-week highs after Fed hikes U.S. interest rates

EUR/USD
The EUR/USD pair fell down to 1.0831 at the beginning of the day, with the greenback extending the rally triggered by the FED late Thursday, when the US Central Bank finally announce a 25bp rate rise, writing a new chapter in the history of monetary policy. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.50% at 98.90, the highest level since December 3.The Greenback remains in demand after the Fed Dot Chart released yesterday hinted at 4 rate hikes in 2016. This surprised markets as the Fed was widely expected to indicate a slow path of tightening. Consequently, the EUR/USD failed to extend the minor recovery seen in early Europe and fell below 1.0852 levels.

GBP/USD
The pound trimmed losses against the U.S. dollar on Thursday, after the release of strong U.K. retail sales data, although the Federal Reserve’s decision to raise interest rates on Wednesday continued to support the greenback.GBP/USD eased off 1.4920, the pair’s lowest since December 3, to hit 1.4966 during European morning trade, still down 0.23%. Cable was likely to find support at 1.4902, the low of December 3 and resistance at 1.5102, Wednesday’s high.The U.K. Office for National Statistics reported that retail sales increased by 1.7% last month, blowing past forecasts for a gain of 0.5%. Retail sales in October fell by 0.5%, whose figure was revised from a previously reported decline of 0.6%. Year-on-year, retail sales rose at a rate of 5.0% in November, easily surpassing expectations for a 3.0% gain, after rising at a rate of 4.2% a month earlier.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4970 TARGET 1.4990 1.5020 SL 1.4940
  • SELL GBP/USD BELOW 1.4920 TARGET 1.4900 1.4870 SL 1.4950

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

18Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 18 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 20.26 points or 0.71% higher to 2861.18, taking the year-to-date performance to – 14.98%.
  • The top active stocks today were SingTel, which gained 0.53%, DBS, which gained 0.49%, UOB, which gained 0.16%, CapitaLand, which gained 0.62% and OCBC Bank, with a 0.93% advance.
  • The FTSE ST Mid Cap Index gained 0.44%, while the FTSE ST Small Cap Index rose 0.60%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.98%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 3.77% higher and 0.35% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.44%. Raffles Medical Group shares declined 1.43%and Tianjin Zhongxin Pharmaceutical Group Corporation remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (+0.69%), Dbxt Msci China Trn Etf 10 (+0.73%), Dbxt Msci Brazil Trn Etf 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged), Suntec Reit (+1.96%), Capitacom Trust (+2.28%)
  • The most active index warrants by value today were : HSI21200MBePW160128 (-5.31%), HSI22400MBeCW160128 (+6.32%), HSI22000MBePW160128 (-5.65%)
  • The most active stock warrants by value today were : DBS MB eCW160704 (+0.81%), UOB MB eCW160704 (+2.40%), OCBC Bk MBePW160510 (-4.62%).

STOCK RECOMMENDATION :

  • BUY NEPTUNE OL LTD ABOVE 1.240 TARGET 1.270 1.320 SL 1.200

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

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