Daily Archives: December 22, 2015

22Dec

Comex Trading Signals and Market News – 22 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices rose to a more than one-week high on Monday, amid speculation that Chinese metal producers will scale back production to combat falling prices.Copper for March delivery on the Comex division of the New York Mercantile Exchange inched up 0.3 cents, or 0.16%, to trade at $2.116 a pound during morning hours in London. It earlier rose to $2.121, the highest since December 11.
  • Brent oil sank to the lowest level since July 2004 on Monday, as ongoing jitters over a global supply glut drove down prices.On the ICE Futures Exchange in London, Brent oil for February delivery dropped 44 cents, or 1.21%, to trade at $36.44 a barrel during European morning hours. It earlier fell to $36.05, a level not seen in more than 11 years. London-traded Brent futures slumped 97 cents, or 2.77%, last week, the third consecutive weekly decline. Brent prices are on track to post an annual decline of 36% in 2015, as oversupply concerns dominated market sentiment for most of the year.
  • Gold rose on Monday, adding to Friday’s gains amid skepticism over the Federal Reserve’s ability to raise interest rates as much as it would like next year.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $4.00, or 0.38%, to trade at $1,069.00 a troy ounce during European morning hours. On Friday, gold jumped $15.40, or 1.47%.

ECONOMY NEWS :

  • The Indian government on Monday introduced a bill in parliament aimed at bringing sweeping changes to an outdated and overburdened bankruptcy system, setting deadlines for the first time for processing insolvency cases. At present, Asia’s third-largest economy has competing laws with unclear jurisdictions to deal with the liquidation or revival of companies.
  • Bank of Japan Governor Haruhiko Kuroda said on Monday that recent changes to the central bank’s debt purchase programme gives it the flexibility to expand monetary easing if needed, according to a government official. Kuroda, who spoke at a meeting of cabinet ministers, said the changes to its quantitative easing will allow it to quickly respond to any changes in the economic outlook, according to the government official.
  • Staff at smaller banks in the European Union should not have to defer large chunks of their bonuses over several years, the bloc’s European Banking Authority (EBA) watchdog said on Monday. After the 2007-09 financial crisis, the European Union introduced rules to stop bankers from taking excessive risks to win bigger  bonuses and because state bailouts of failed banks had angered taxpayers.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075 TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1065 TARGET 1060 1054 SL 1071

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

22Dec

IForex Market Trading Signals and News – 22 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Euro rides out Spanish election result, yuan steadies
  • Forex -Dollar adrift in a sea of central bank uncertainty
  • Forex -Dollar steady in subdued trade ahead of holidays

EUR/USD
The dollar edged lower against the eur on Monday, as investors continued to digest the Federal Reserve’s latest policy move and as trading volumes were expected to remain thin ahead of the Christmas Holiday.EUR/USD eased up 0.09% to 1.0875. The U.S. dollar weakened on Friday, one day after rising to a two-week high as markets continued to digest the Fed’s decision to raise interest rates for the first time in nearly a decade. The Fed hiked interest rates by a quarter of a percentage point to a range between 0.25% and 0.5% in a widely expected move.The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.09% at 98.65.

GBP/USD
The pound was almost unchanged against the U.S. dollar on Monday, hovering close to an eight-month low as sentiment on the greenback remained supported by the Federal Reserve’s most recent policy decision.Trading volumes were expected to remain limited ahead of the Christmas Holiday.GBP/USD hit 1.4892 during European morning trade, the session low; the pair subsequently consolidated at 1.4899.Cable was likely to find support at 1.4861, the low of December 17 and an eight-month low and resistance at 1.5003, the high of December 17.The dollar rallied againt the pound last week after the Fed hiked interest rates by a quarter of a percentage point to a range between 0.25% and 0.5% in a widely expected move.Commenting on the decision, Fed Chair Janet Yellen said the FOMC will not be mechanical in its approach to normalize monetary policy and that future rate hikes would be gradual and data dependent.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4920 TARGET 1.4940 1.4970 SL 1.4890
  • SELL GBP/USD BELOW 1.4900 TARGET 1.4880 1.4850 SL 1.4930

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

22Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 22 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 7.29 points or 0.26% lower to 2845.55, taking the year-to-date performance to -15.44%.
  • The top active stocks today were SingTel, which declined 2.39%, DBS, which closed unchanged, UOB, which gained 0.73%, Global Logistic, which gained 1.46% and OCBC Bank, with a 0.81% advance.
  • The FTSE ST Mid Cap Index gained 0.46%, while the FTSE ST Small Cap Index rose 0.30%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.78%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – remained unchanged and ended 1.46% lower respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.13%. SingTel shares declined 2.39% and StarHub declined 0.28%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.30%), Sti Etf (+0.35%), Lyxor China H 10 (+3.31%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.73%), Capitamall Trust (-0.51%), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSI21200MBePW160128 (-6.60%), HSI22400MBeCW160128 (-4.21%), HSI21600MBeCW160128 (-4.47%)
  • The most active stock warrants by value today were : DBS MB eCW160704 (-0.89%), UOB MB eCW160704 (+5.69%), DBS MB eCW160215 (+0.86%)

STOCK RECOMMENDATION :

  • BUY COSCO CORP ABOVE 0.400 TTARGET 0.420 0.450 SL .365

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

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