Daily Archives: December 23, 2015

23Dec

Comex Trading Signals and Market News – 23 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Copper prices fell from the prior session’s five-week high on Tuesday, but losses were limited amid speculation 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 shed 1.4 cents, or 0.64%, to trade at $2.126 a pound during morning hours in London.
  • Oil prices regained ground on Tuesday, one day after sinking to multi-year lows on the back of ongoing concerns over a global supply glut.On the ICE Futures Exchange in London, Brent oil for February delivery tacked on 25 cents, or 0.69%, to trade at $36.60 a barrel during European morning hours. A day earlier, prices fell to $36.04, a level not seen since July 2004.
  • Gold inched lower after a sharp two-day rally on Tuesday, as investors looked ahead to key U.S. economic data later in the session for further indications on the strength of the economy.Gold for February delivery on the Comex division of the New York Mercantile Exchange shed $3.30, or 0.31%, to trade at $1,077.30 a troy ounce during European morning hours.

ECONOMY NEWS :

  • The Japanese government is planning nearly $800 billion of record spending in the next fiscal year to shore up a fragile economy, with Tokyo also promising to rein in a bulging debt burden in an expansionary budget set to be unveiled this week.Finance Minister Taro Aso on Tuesday vowed to boost growth and achieve fiscal reform with government budget spending worth 96.7 trillion yen (£535.54 billion) for the next fiscal year that starts in April. This is up a touch from the 96.3 billion yen spending set for the current year’s initial budget.
  • Continued asset sales by India’s most indebted firms should help private equity players notch up a bumper 2016 in Asia’s third-largest economy, with more and larger deals sealing a revival begun with record investments this year. Private equity purchases are set to reach a new high of $10.89 billion this year, surpassing the high water mark set in 2007, according to Thomson Reuters data. In 2014, private equity investments totalled just $6 billion.
  • New European Union rules on bank rescues, aimed at ending spectacular bailouts with public money, are already facing a political backlash on worries they may end up hurting small, unsophisticated investors. The EU’s Bank Recovery and Resolution Directive, due to become fully effective on Jan. 1, makes shareholders,  creditors and even large depositors liable for the losses of a failing bank before any public money is used to save the lender.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1080 TARGET 1085 1091 SL 1075
  • SELL GOLD BELOW 1075 TARGET 1070 1064 SL 1081

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

23Dec
forex-trading3

IForex Market Trading Signals and News – 23 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar holds steady vs. euro, yen ahead of U.S. GDP report
  • Forex -Rupiah, Taiwan dollar and ringgit edge higher
  • Forex -Dollar falls as euro rises after Spanish election

EUR/USD
The dollar was steady against the euro and the yen on Tuesday, as trading became more quiet ahead of the Christmas Holiday and as investors awaited the release of U.S. economic growth data due later in the day.EUR/USD was little changed at 1.0912. The dollar remained supported after the Federal Reserve hiked interest rates by a quarter of a percentage point to a range between 0.25% and 0.5% in a widely expected move. It was the first rise in U.S. interest rates in nearly 10 years.Market participants were eyeing the release of a final report on U.S. third-quarter growth for further confirmation of the strength of the economy. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 98.44.

GBP/USD
The pound edged higher against the U.S. dollar on Tuesday, even after data showed that public sector net borrowing rose more-than-expected last month as demand for the greenback slightly weakened ahead of a U.S. economic growth report due later in the day. Trading volumes were expected to remain limited ahead of the Christmas Holiday. GBP/USD hit 1.4930 during European morning trade, the session high; the pair subsequently consolidated at 1.4893, easing up 0.09%.Cable was likely to find support at 1.4861, the low of December 17 and resistance at 1.5003, the high of December 17. The U.K. Office for National Statistics reported that public sector net borrowing rose to £13.56 billion in November from £6.75 billion in October, whose figure was revised from a previously estimated £7.47 billion.Analysts had expected public sector net borrowing to rise to £11.00 billion last month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4900 TARGET 1.4920 1.4950 SL 1.4870
  • SELL GBP/USD BELOW 1.4870 TARGET 1.4850 1.4820 SL 1.4900

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

23Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 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 SEMBCORP MARINE ABOVE 1.840 TARGET 1.880 1.950 SL 1.800

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