Daily Archives: December 31, 2015


Comex Trading Signals and Market News – 31 December 2015


  • Crude oil futures declined by Rs 29 to Rs 2,485 per barrel today in line with a weak trend in Asian trade.In futures trade at the Multi Commodity Exchange, crude oil for delivery in January 2016 shed Rs 29, or 1.15%, to Rs 2,485 per barrel, with a business volume of 2,048 lots.Oil prices for far-month February delivery moved down by Rs 23, or 0.89%, to trade at Rs 2,574 per barrel with a business volume of 51 lots.
  • Gold was little changed on Wednesday as thin liquidity and a firmer dollar capped price moves, although the metal remained on track to close the year lower for a third time in a row. The precious metal has lost nearly 10 percent of its value this year, largely on fears that higher U.S. interest rates would hurt demand for non-interest paying bullion.
  • Nickel futures traded 0.31% lower at Rs 573.90 per kg today amid a weakening trend at the London Metal Exchange (LME) and sluggish demand from alloy-makers in the domestic spot market.At the Multi Commodity Exchange, nickel for delivery in current month shed Rs 1.80, or 0.31%, to Rs 573.90 per kg in a business turnover of 501 lots. Metal for delivery in January 2016 was also trading lower by Rs 1.70, or 0.29%, at Rs 580.20 per kg in a turnover of 143 lots.


  • Eurozone money supply increased at a slower pace in November, the European Central Bank reported Wednesday. The broad monetary aggregate M3 edged up 5.1% year-on-year in November, slower than October’s 5.3% increase. Further, data showed that annual growth rate of total credit to euro area residents rose to 2.7% in November from 2.3% in the previous month. On supportive side, credit to the private sector increased 1.2% after clocking 1% growth a month ago.
  • Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
  • British wage growth next year is likely to fall far short of the expectations of the Bank of England (BoE) and government as employers hold back on pay rises in the face of growing costs, an industry body said on Wednesday. The Chartered Institute of Personnel Development (CIPD) said pay growth will stay stuck at about 2 percent for most or all of 2016, well below forecasts of about 3.5 percent from the BoE and Office for Budget Responsibility.


  • BUY GOLD ABOVE 1073 TARGET 1078 1085 SL 1067
  • SELL GOLD BELOW 1065 TARGET 1060 1055 SL 1071

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IForex Market Trading Signals and News – 31 December 2015


  • Forex -Dollar holds steady vs. euro, yen in holiday-thinned trade
  • Forex -GBP/USD almost unchanged, near 8-month low
  • Forex -Dollar edges higher vs. rivals in quiet trade

The dollar held steady against the euro on Wednesday, as upbeat U.S. data released the day before continued to support but trading volumes remained thin ahead of the New Year holiday. 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. EUR/USD was steady at 1.0930.The dollar strengthened after the Conference Board reported on Tuesday that its consumer confidence index rose to 96.5 in December from 92.6 in November, whose figure was revised from a previously estimated 90.4.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 98.27.

The GBP/USD pair trades 0.12% higher at fresh session highs of 1.4839, having found renewed strength around 1.4815 levels. The cable manages to recover lost ground somewhat and extends its recovery mode above 1.48 handle on the back of risk-on sentiment persisting in Asia spurred by higher global equities. Moreover, mixed US dollar trading against its major competitors also lends support to the much-need pullback in the cable. Meanwhile, the pound is likely to remain pressured heading into the New Year on divergent central banks’ monetary policy outlooks espeially after the surprisingly dovish comments from BOE policy maker Martin Weale last week. Mr. Weale, a BOE hawk, said that the BOE shouldn’t raise rates in 2016 as wage pressures remain subdued.


  • BUY GBP/USD ABOVE 1.4840 TARGET 1.4860 1.4890 SL 1.4810
  • SELL GBP/USD BELOW 1.4780 TARGET 1.4760 1.4730 SL 1.4810

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Financial Sgx Singapore Stock Market Trading Picks And News – 31 December 2015


  • The Straits Times Index (STI) ended 2.71 points or 0.09% lower to 2885.51, taking the year-to-date performance to -14.25%.
  • The top active stocks today were SingTel, which declined 0.54%, DBS, which closed unchanged, CapitaLand, which gained 0.90%, Noble, which declined 9.09% and UOB, with a 0.20% fall.
  • The FTSE ST Mid Cap Index declined 0.39%, while the FTSE ST Small Cap Index declined 0.46%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 1.02%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 2.74% higher and 2.30% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.25%. Midas Holdings shares declined 1.70% and NSL remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (unchanged), Spdr Gold Shares (-0.32%), Dbxt Msci Indonesia Etf 10 (+0.60%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.44%), Capitamall Trust (unchanged), Suntec Reit (+0.96%)
  • The most active index warrants by value today were : HSI22400MBeCW160128 (-15.91%), HSI21600MBePW160226 (+7.58%), HSI22800MBeCW160226 (-11.61%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (-5.63%), DBS MB eCW160704 (+0.81%), DBS MB ePW160201 (-19.51%).


  • BUY UG HEALTHCARE CORP ABOVE 0.510 TARGET 0.540 .580 SL 0.460

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