Daily Archives: December 24, 2015

24Dec

Comex Trading Signals and Market News – 24 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Gold prices struggled for direction in light pre-holiday trade on Wednesday, 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 30 cents, or 0.03%, to trade at $1,073.80 a troy ounce during European morning hours. A day earlier, gold dipped $6.50, or 0.6%, snapping a two-day rally.
  • West Texas Intermediate oil futures extended gains from the previous session to hit a one-week high on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell last week. After markets closed Tuesday, the American Petroleum Institute, an industry group, surprised market participants and said that U.S. oil inventories fell by 3.6 million barrels in the week ended December 18, compared to expectations for a gain of 1.0 million barrels.
  • Copper traded near five-week highs amid speculation that Chinese producers will scale back production to combat falling prices.Copper is on track to post an annual decline of 26% in 2015 as fears of a China-led global economic slowdown spooked traders and rattled sentiment. The Asian nation is the world’s largest copper consumer, accounting for nearly 45% of world consumption.

ECONOMY NEWS :

  • Some U.S. cities may have to pay higher interest rates to borrow money in 2016 as they contend with a host of new pressures on their underfunded public pensions, including new reporting rules and the impact of this year’s tepid investment returns.The recession-era ghost of public pensions problems will continue haunting the $3.7 trillion U.S. municipal bond market next year, investors and analysts told Reuters.
  • The Indian government said it was difficult to predict a timeline for the passage of a bill that seeks to harmonise state taxes after lawmakers failed to vote on the measure in the parliament session that ended on Wednesday.Junior finance minister Jayant Sinha said the rollout of the new tax was contingent on the passage of the bill.”We will have to see how the legislative calendar develops,” he said. “It’s very hard to predict how soon that will happen.”
  • A closely followed measure of long-term market euro zone inflation expectations fell to its lowest level since October on Wednesday, pushed down by this week’s sharp fall in oil prices to 11-year lows.The five-year, five-year breakeven forward <EUIL5YF5Y=R>, a measure of where markets expect 2025 euro zone inflation forecasts to be in 2020, fell to 1.6625 percent, although yields in the broader euro zone bond market were largely steady.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1065 TARGET 1060 1054 SL 1061

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

24Dec
Forex Signals

IForex Market Trading Signals and News – 24 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar edges higher ahead of U.S. durable goods report
  • Forex -Dollar inches higher after mixed U.S. data
  • Forex -Rupiah, won and Taiwan dollar rise; ringgit eases

EUR/USD
The pair currently trades around the hourly 200-MA at 1.0921 levels. The positive action in the stock markets has once again led to the weakness in the EUR. The common currency advanced for the last three consecutive days on the back of the minor jitters seen in the European and US financial markets.Later in the day, a batch of US data – durable goods orders, personal spending and personal income could influence the pair. A break below 1.0890 (38.2% of 1.1495-1.0517), would expose the support at 1.0803 (Dec 17 low). On the other hand, a break above 1.0940 (61.8% of Mar-Aug rally) would open doors for a retest of 1.1006 (50% of 1.1495-1.0517).

GBP/USD
The pound edged higher against the U.S. dollar and the euro on Wednesday, even after data showed that the U.K. economy grew less than initially expected in the third quarter. GBP/USD inched up 0.27% to 1.4861 during European morning trade. Sterling was also higher against the euro, with EUR/GBP shedding 0.52% to 0.7350. The U.K.’s Office for National Statistics said gross domestic product expanded 0.4% in the three months ended September 30, missing forecasts for 0.5%. Preliminary estimates initially pegged U.K. growth at 0.5%. The U.K.’s economy grew by 0.7% in the preceding quarter. Meanwhile, investors looked ahead to key U.S. economic data later in the session for further indications on the strength of the economy. The U.S. is release a string of reports, including data on durable goods orders, new home sales and consumer sentiment.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4920 TARGET 1.4940 1.4970 SL 1.4880
  • 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.

24Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 24 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 10.68 points or 0.37% higher to 2863.65, taking the year-to-date performance to -14.90%.
  • The top active stocks today were DBS, which gained 1.16%, SingTel, which closed unchanged, Noble, which gained 4.55%, CapitaLand, which gained 0.61% and YZJ Shipbuilding, with a 2.83% advance.
  • The FTSE ST Mid Cap Index gained 0.63%, while the FTSE ST Small Cap Index rose 0.69%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.27%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 1.75% higher and 1.73% higher respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 0.44%. China Everbright Water shares rose 0.81% and SIIC Environment Holdings remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+1.20%), Sti Etf (+0.34%),Dbxt Ftse Vietnam Etf 10 (-1.63%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged),Capitamall Trust (unchanged) Suntec Reit (+0.33%)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (+16.67%), HSI21200MBePW160128 (-17.71%) HSI21600MBePW160226 (-14.29%)
  • The most active stock warrants by value today were : CapitalaMBeCW160901 (+4.23%), DBS MB eCW160215 (+10.44%), DBS MB eCW160704 (+6.25%)

STOCK RECOMMENDATION :

  • BUY NOBLE GROUP ABOVE 0.460 TARGET 0.480 0.520 SL 0.420

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

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