Daily Archives: January 4, 2016

4Jan

Comex Trading Signals and Market News – 04 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Oil prices steadied on Thursday but were still headed for a second year of steep declines after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear. Global oil benchmark Brent and U.S. crude’s West Texas Intermediate (WTI) futures were on track finish 2015 down more than 30 percent after another year that showed the helplessness of Saudi Arabia and others in the once-powerful Organization of the Petroleum Exporting Countries (OPEC) to support oil prices.
  • Gold prices struggled for direction in quiet trade on Thursday, as volumes were thin ahead of the New Year holiday. The precious metal is on track to post an annual decline of approximately 11% in 2015, the third yearly loss in a row, as speculation over the timing of a Federal Reserve rate hike dominated sentiment for most of the year.
  • Natural gas futures held on to sharp gains on Thursday, the last trading day of the year, after data showed U.S.natural gas supplies in storage fell more than expected last week.Natural gas for delivery in February on the New York Mercantile Exchange rallied 11.1 cents, or 5.04%, to trade at $2.325 per million British thermal units during U.S. morning hours. Prices were at around $2.333 prior to the release of the supply data.

ECONOMY NEWS :

  • China’s official manufacturing Purchasing Managers’ Index (PMI) stood at 49.7 in December- staying in contraction for fifth straight month. The latest reading is slightly better than the 49.6 in registered in November, which represented a three-year low. Although PMI slightly rebounded this month, it still lies below the critical point and is lower than historic levels over the same period. The figures are the latest to highlight a growth slowdown in the economy, which expanded 6.9% in July-September, the weakest rate since the 2009, during the global financial crisis.
  • Further lowering the outlook for Indian exports to USD 255-260 billion for fiscal 2015-16, ASSOCHAM maintained that the sector is in real crisis which goes well beyond petroleum products, gems and jewellery to highly job-oriented leather and leather products and has engulfed the entire agri exports witnessing sharp falls. The country’s merchandise exports in 2014-15 were USD 310 billion and the ASSOCHAM had inSeptember this year had forecast the overseas shipments to be around USD 265-268 billion.
  • A public review of Britain’s banking culture has been scrapped just months after it was announced, with the UK regulator saying on Thursday it had opted instead to work with lenders individually to address any concerns. The move will likely add to the public perception that the Financial Conduct Authority (FCA) is softening its approach after several years of “banker bashing” following the 2007-2009 financial crisis.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1064 TARGET 1069 1076 SL 1058
  • SELL GOLD BELOW 1057 TARGET 1052 1046 SL 1063

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

4Jan
forex-market-hours

IForex Market Trading Signals and News – 04 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar little changed vs. euro, yen ahead of U.S. data
  • Forex -Dollar edges up in holiday-thinned trade
  • Forex -Dollar gains over 9 pct against basket of major rivals in 2015

EUR/USD
The euro fell to a one-week low against the U.S. dollar on Thursday, as investors awaited the release of U.S. data later in the day and as trading volumes became increasingly thin ahead of the New Year holiday on Friday.Heading into the final trading session of the year, volumes were expected to remain light as many traders already closed books, reducing liquidity in the market which could result in exaggerated moves. EUR/USD hit 1.0888 during European afternoon trade, the pair’s lowest since December 23; the pair subsequently consolidated at 1.0890, sliding 0.39%. The pair was likely to find support at 1.0845, the low from December 21 and resistance at 1.0991, the high of December 29.

GBP/USD
The pound held steady against the U.S. dollar on Thursday, hovering close to an eight-month trough as trading volumes became increasingly thin ahead of the New Year holiday.Heading into the final trading session of the year, volumes are expected to remain light as many traders already closed books, reducing liquidity in the market which could result in exaggerated moves.U.K. markets were set to close early at 12:30 PM London time for New Year’s Eve. GBP/USD hit 1.4845 during European morning trade, the session high; the pair subsequently consolidated at 1.4825. Cable was likely to find support at 1.4786, the low of December 29 and resistance at 1.4914, the high of December 29.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4750 TARGET 1.4790 1.4850 SL 1.4690
  • SELL GBP/USD BELOW 1.4660 TARGET 1.4620 1.4560 SL 1.4720

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

4Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 04 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 3.72 points or 0.13% higher to 2889.23, taking the year-to-date performance to -14.14%.
  • The top active stocks today were SingTel, which declined 0.27%, DBS, which declined 0.18%, Keppel Corp, which declined 0.15%, OCBC Bank, which declined 0.57% and UOB, with a 0.31% advance.
  • The FTSE ST Mid Cap Index gained 0.05%, while the FTSE ST Small Cap Index rose 0.24%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.05%. The two biggest stocks of the Index – Midas Holdings and NSL – both remained unchanged.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 0.47%. Jardine Matheson Holdings shares declined 0.98%and Jardine Strategic Holdings declined 0.98%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-1.33%), Dbxt Msci Indonesia Etf 10 (unchanged), Sti Etf (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+1.33%), Suntec Reit (-2.21%), Capitamall Trust (-0.26%)
  • The most active index warrants by value today were : HSI21200MBePW160128 (-1.37%), HSI22400MBeCW160128 (-4.05%), HSI22000MBePW160128 (-3.01%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (+5.97%), DBS MB ePW160201 (-3.03%), OCBC Bk MBePW160510 (+0.67%)

STOCK RECOMMENDATION :

  • BUY NORDIC GROUP ABOVE 0.190 TARGET 0.200 0.230 SL 0.175

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

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