Daily Archives: January 5, 2016


Comex Trading Signals and Market News – 05 January 2016


  • Copper prices fell sharply on Monday, as the release of weak Chinese manufacturing activity data weighed as investors returned to the markets after the long New Year weekend. Copper traders view Chinese factory activity as an indicator of the nation’s copper demand, as the red metal is widely used by the sector. Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $11.50, or 1.08%, to trade at $1,071.70 a troy ounce during European morning hours.
  • Gold prices spiked higher on Monday, amid mounting geopolitical tensions in the Middle East after Saudi Arabia cut diplomatic ties with Iran over the weekend.The move followed a weekend storming of the Saudi embassy in Tehran in response to the kingdom’s execution of a prominent Shiite cleric.The Caixin manufacturing purchasing managers’ index for December released earlier slipped to 48.2 from 48.6 in November, contracting for a tenth month and coming in below expectations for 49.0.
  • Oil prices trimmed gains on Monday, the first trading day of the new year, after rising more than 3% earlier, with investors noting heightened geopolitical tension between Saudi Arabia and Iran.Saudi Arabia said on Sunday it severed diplomatic ties with Iran. The move followed a weekend storming of the Saudi embassy in Tehran in response to the kingdom’s execution of a prominent Shiite cleric. Crude oil for delivery in February on the New York Mercantile Exchange inched up 30 cents, or 0.8%, to trade at $37.34 a barrel during European morning hours.


  • The Federal Reserve’s interest rate hike last month was a prudent first step to a more normal policy era and it signaled the central bank’s confidence that the U.S. economy will continue to improve, a top Fed official said on Sunday.”I fully supported the … December action,” said Cleveland Fed President Loretta Mester, a somewhat hawkish policymaker who regains a vote on U.S. monetary policy this year. The U.S. central bank tightened policy for the first time in nearly a decade in mid-December, raising rates from near zero. The move was much anticipated but could yet rock financial markets as the Fed weighs when to make another move.
  • India will crack down on errant financial firms that raise funds, mainly from millions of rural poor customers, through loosely regulated credit cooperative societies, a senior official in the agriculture ministry said.This follows a Reuters investigation that revealed an expansion in fund-raising by embattled conglomerate Sahara India Pariwar using four credit cooperatives in different parts of the country.
  • China’s capital Beijing saw a small improvement in air quality last year, the city’s environmental protection bureau said on Monday, although levels of a major form of pollution remain several times higher than international standards.Beijing’s average concentration of PM2.5 – particulate matter with a diameter of 2.5 microns, which can penetrate deep into the lungs – fell 6.2 percent in 2015, the bureau said in a report posted on its websiteStill, average PM2.5 levels for the year were 80.6 micrograms per cubic metre, several times higher than the World Health Organization’s air quality guidelines, which call for an annual average no higher than 10 micrograms.


  • BUY GOLD ABOVE 1063 TARGET 1068 1075 SL 1057
  • SELL GOLD BELOW 1068 TARGET 1063 1057 SL 1074

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IForex Market Trading Signals and News – 05 January 2016


  • Forex -NZD/USD drops to 2-week lows in risk-off trade
  • Forex -Dollar drops to 2-1/2 month low vs. yen on geopolitical tensions
  • Forex -AUD/USD tumbles to 1-week lows on China PMI

The dollar was broadly lower against the eur on Monday, as concerns over growth in China and geo- political tensions in the Middle East boosted investor demand for the safe-haven yen and Swiss franc.EUR/USD gained 0.40% to 1.0898.Data earlier showed that China’s Caixin manufacturing purchasing managers’ index fell to 48.2 this month from 48.6 in December, confounding expectations for a rise to 48.9.It was the lowest reading since September and was well below the 50-point level which separates expansion from contraction. The downbeat data added to concerns over slowdown in the world’s second biggest economy. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.39% at 98.39.The index ended 2015 with gains of 8.96% bolstered by the diverging monetary policy stance between the Federal Reserve and other world central banks, particularly the European Central Bank and the Bank of Japan.

The pound held on to modest gains against the broadly softer dollar on Monday, but remained close to eight-and-a-half month lows after data showing that activity in the U.K. manufacturing sector continued to slow at the end of 2015. GBP/USD was up 0.23% to 1.4770, after falling to overnight lows of 1.4692, the weakest level since April 14.The Markit manufacturing purchasing managers’ index fell to a three-month low of 51.9 from 52.5 in November, compared to forecasts for anuptick to 52.7.New export orders rose at the slowest rate in five months, the report said while factory gate prices fell for the fourth straight month.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.55% to 98.22.


  • BUY GBP/USD ABOVE 1.4790 TARGET 1.4810 1.4840 SL 1.4760
  • SELL GBP/USD BELOW 1.4740 TARGET 1.4720 1.4690 SL 1.4770

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Financial Sgx Singapore Stock Market Trading Picks And News – 05 January 2016


  • The Straits Times Index (STI) ended 46.76 points or 1.62% lower to 2835.97, taking the year-to-date performance to -15.73%.
  • The top active stocks today were SingTel, which declined 2.18%, DBS, which declined 2.46%, UOB, which declined 2.65%, OCBC Bank, which declined 1.82% and CapitaLand, with a 1.79% fall.
  • The FTSE ST Mid Cap Index declined 0.52%, while the FTSE ST Small Cap Index declined 0.70%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which declined 0.12%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – remained unchanged and ended 1.13% lower respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 2.18%. SingTel shares declined 2.18% and StarHub declined 2.43%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.70%), Spdr Gold Shares (+1.12%), Is Msci India 100 (-0.60%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-1.32%), Capitamall Trust (-1.04%), Capitacom Trust (-0.74%)
  • The most active index warrants by value today were : HSI21600MBePW160226 (+43.36%), HSI21200MBePW160128 (+65.28%), HSI22400MBeCW160128 (-60.56%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (-19.01%), DBS MB eCW161003 (unchanged), KepCorp MB eCW160902 (-8.70%)


  • BUY ASIAN PAY TV ABOVE 0.650 TARGET 0.670 0.700 SL 0.600

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