Daily Archives: December 29, 2015

29Dec
forex-market-hours

IForex Market Trading Signals and News – 29 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar recovers vs yen, Aussie falls back
  • Forex -Yen gets boost from souring risk sentiment, crude slide hits loonie
  • Forex -Canadian dollar struggles as weaker oil weighs on commodity currencies

EUR/USD
The dollar edged lower against the EUR on Monday, as investors continued to lock in profits from the greenback’s recent rally and as trading volumes remained thin ahead of the New Year holiday. Global financial markets closed early on Thursday, Christmas Eve, and remained shut for Christmas Day on Friday. Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility. EUR/USD edged up 0.22% to 1.0987.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.12% at 97.89.
GBP/USD
The pound was almost unchanged against the U.S. dollar on Monday, as trading volumes remained thin ahead of the New Year holiday.Global financial markets closed early on Thursday, Christmas Eve, and remained shut for Christmas Day on Friday. Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility. GBP/USD hit 1.4935 during European morning trade, the session high; the pair subsequently consolidated at 1.4923.Cable was likely to find support at 1.4860, the low of December 24 and resistance at 1.5003, the high of December 17.However, the Fed funds futures currently suggests there will be just two rate increases, one in June and one in December.Mixed U.S. economic reports released last week failed to offer clues as to how fast the U.S. central bank will raise interest rates next year.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4940TARGET 1.4960 1.4990 SL 1.0910
  • 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.

29Dec

Comex Trading Signals and Market News – 29 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices ticked lower in quiet trading ahead of the end of the year on Monday, as last week’s sharp rally came to a halt.Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books due to the holiday period, reducing liquidity in the market and increasing volatility.
  • Copper futures fell in the domestic market on Monday as investors and speculators exited positions in the industrial metal as a sixth straight drop in China’s industrial companies’ profits in November raised fears over a hard landing in the world’s second biggest economy clouding the demand outlook for copper.China’s industrial profits fell 1.4 percent year on year in November 2015 data showed over the weekend.
  • Natural Gas futures soared by more than 3 per cent in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as a bigger than expected US stockpile withdrawal signaled a pickup in demand for the heating fuel in the world’s biggest economy. US gas stockpiles fell by 32 billion cubic feet to 3.814 trillion cubic feet in the week ended December 18 2015 the EIA said compared to an expectation of a 25 billion cubic feet drop.

ECONOMY NEWS :

  • Japanese industrial production was down a seasonally adjusted 1.0 percent on month in November, falling for the    first time in three months, the Ministry of Economy, Trade and Industry said on Monday. That missed forecasts for a decline of 0.5 percent following the 1.4 percent gain in October. n a yearly basis, industrial production climbed 1.6 percent following the 1.4 percent drop in the previous month. Upon the release of the data, the METI maintained its assessment of industrial production, saying that it has been fluctuating indecisively.
  • Associated Chambers of Commerce and Industry (Assocham) has further lowered its outlook for India’s exports in the current fiscal to $255-260 billion, countering the government’s claim that there is no crisis in the sector. The Industry chamber FICCI said the country’s third quarter manufacturing is also set to decline due to sluggish exports.
  • China’s central bank said on Monday that it would “flexibly” use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing.The People’s Bank of China will keep the yuan basically stable while forging ahead with reforms to help improve its currency regime, it said in a statement summarising the fourth-quarter monetary policy committee meeting.The PBOC said it would maintain a prudent monetary policy, keeping its stance “neither too tight nor too loose”. The prudent policy has been in place since 2011.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1075TARGET 1080 1086 SL 1069
  • SELL GOLD BELOW 1070 TARGET 1065 1059 SL 1076

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

29Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 29 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 2.3 points or 0.08% lower to 2875.32, taking the year-to-date performance to -14.56%.
  • The top active stocks today were SingTel, which gained 0.55%, DBS, which gained 0.06%, OCBC Bank, which declined 0.34%, ComfortDelGro, which declined 1.33% and Global Logistic, with a 0.47% advance.
  • The FTSE ST Mid Cap Index declined 0.41%, while the FTSE ST Small Cap Index declined 0.27%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.56%. The two biggest stocks of the Index – Midas Holdings and NSL – ended 1.72% higher and remained unchanged.
  • The under performing sector was the FTSE ST Oil & Gas Index, which slipped 0.52%. Keppel Corp shares rose 0.31% and Sembcorp Industries declined 1.29%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.30%), Dbxt Ftse Vietnam Etf 10 (+2.46%), Sti Etf (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged), Capitamall Trust (-1.28%), Suntec Reit (unchanged)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (-23.53%), HSI22800MBeCW160226 (-19.05%), HSI21600MBePW160226 (+11.54%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (-2.94%), CapitalaMBeCW160901 (-3.85%), DBS MB eCW160215 (-6.52%)

STOCK RECOMMENDATION :

  • BUY OUE HOSPITALITY TRUST ABOVE 0.770 TARGET 0.790 0.840 SL 0.730

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

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