Daily Archives: December 30, 2015

30Dec

Comex Trading Signals and Market News – 30 December 2015

INTERNATIONAL COMMODITY NEWS :

  • Oil prices were little changed on Tuesday, one day after plunging more than 3% amid ongoing concerns over a global supply glut.Trading volumes are expected to remain light in the final few days of the year as many traders already closed books due to the holiday period, reducing liquidity in the market which could result in exaggerated moves.
  • Gold prices inched higher in familiar range on Tuesday, as investors kept an eye on upcoming U.S. data to gauge if the world’s largest economy is strong enough to withstand further rate hikes in 2016.Trading volumes are expected to remain light in the final few days of the year as many traders already closed books due to the holiday period, reducing liquidity in the market which could result in exaggerated moves.
  • Copper futures surged by more than 1 per cent during late morning trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal as hopes of fresh stimulus by China eased concerns over a hard landing in the world’s second biggest economy bolstering the demand outlook for copper. Optimism rose that the Chinese government’s continued cash injection to prop up the country’s stock market may help combat a lingering economic slowdown.

ECONOMY NEWS :

  • Bank of Japan board member Yukitoshi Funo said the central bank will look at the long-term economic trend in guiding monetary policy and won’t expand stimulus automatically in response to short-term dips in prices, according to the Nikkei newspaper.Funo, a former executive of Toyota Motor Corp (T:7203) who joined the nine member board in July, also said Japan is on track to meet the central bank’s 2 percent inflation target as companies are steadily raising prices of their goods.
  • China’s central bank has temporarily suspended some foreign exchange businesses of several foreign banks until the end of March, three sources with direct knowledge of the development told Reuters on Wednesday. Included among the suspended services was liquidation of spot positions for clients and some other services related to cross-border, onshore and offshore businesses, the sources said.
  • Germany’s federal states are planning to spend around 17 billion euros ($18.7 billion) on dealing with the refugee crisis in 2016, the newspaper Die Welt said on Tuesday, citing a survey it conducted among their finance ministries. The sum, bigger than the 15.3 billion euros that the central government planned to allocate to its education and research ministry in 2015, is a measure of the strain that the influx is causing across the country as a whole.

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.

30Dec

IForex Market Trading Signals and News – 30 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar little changed as trading volumes remain light
  • Forex -Swedish crown soars, yuan hits 4-1/2-month low in offshore trade
  • Forex -Yen gets boost from souring risk sentiment, crude slide hits loonie

EUR/USD
The EUR/USD pair rises 0.08% to 1.0976, retreating from daily highs reached at 1.0983 levels. The main currency pair maintains the bid tone in Asia and fights hard to break through 1.10 barrier, with the broad based US dollar weakness collaborating to the upside in the pair. The USD index trades -0.08% lower at 97.92.However, further upmoves lack momentum in light of no major economic drivers ahead, as the macro calendar is expected to remain empty until the NY session. Moreover, thin trading and irregular volatility also restricts further upside in EUR/USD amid holiday-thinned markets as we progress towards the New Year.

GBP/USD
The pound held steady against the U.S. dollar on Tuesday, as trading volumes remained thin after Christmas and ahead of the New Year.Heading into the final week of the year, trading volumes are expected to remain light as many traders already closed books, reducing liquidity in the market which could result in exaggerated moves. GBP/USD hit 1.4914 during European morning trade, the session high; the pair subsequently consolidated at 1.4889.Cable was likely to find support at 1.4815, the low of December 23 and resistance at 1.4947, the high of December 25.Market participants were eyeing a report on U.S. consumer confidence due later in the day after 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. With the first U.S. rate hike since 2006 out of the way, investors are now focusing on the pace of future rate increases.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4910TARGET 1.4930 1.4960 SL 1.4880
  • SELL GBP/USD BELOW 1.4860 TARGET 1.4840 1.4810 SL 1.4890

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

30Dec
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 December 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 12.9 points or 0.45% higher to 2888.22, taking the year-to-date performance to -14.17%.
  • The top active stocks today were SingTel, which gained 0.54%, DBS, which gained 0.42%, CapitaLand, which gained 0.30%, OCBC Bank, which gained 0.11% and UOB, with a 0.77% advance.
  • The FTSE ST Mid Cap Index gained 0.47%, while the FTSE ST Small Cap Index rose 0.37%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 0.90%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties – ended 1.59% higher and 0.47% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.14%. Midas Holdings shares remained unchangedand NSL rose 0.34%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-0.15%), Dbxt Msci Korea Etf 10 (-1.32%), Spdr Gold Shares (-0.05%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.88%), Capitamall Trust (+0.26%), Mapletree Ind Tr (unchanged)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (+12.82%), HSI21600MBePW160226 (-8.97%), HSI22800MBeCW160226 (+9.80%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (+7.58%), OCBC Bk MBePW160510 (-1.97%), CapitalaMBeCW160901 (+2.67%)

STOCK RECOMMENDATION :

  • BUY SINO GRANDNESS ABOVE 0.370 TARGET 0.390 0.430 SL 0.340

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

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