Daily Archives: January 6, 2016


Comex Trading Signals and Market News – 06 January 2016


  • Copper prices recovered from the prior session’s selloff on Tuesday, as sentiment improved after China’s central bank attempted to buoy markets with a $20 billion cash injection. The People’s Bank of China flooded its banking system with 130 billion yuan, or $19.95 billion, marking the largest cash injection since September.The move comes one day after a 7% plunge in Chinese stock markets, which rocked global financial markets and revived concerns about the country’s economic slowdown.
  • Crude oil prices reversed earlier gains on Tuesday, as gloomy Chinese data dragged on sentiment in a market already weighed down by persistently high production levels.Oil futures initially rose, tracking Asian stocks, but were later pulled down as data showed China’s national rail freight volumes logging their biggest ever annual decline in 2015, raising questions about how sharply the world’s No.2 economy was slowing and what this meant for oil demand.
  • Gold prices held near the prior session’s four-week high on Tuesday, as investors sought refuge amid instability in the Middle East and fresh concerns over global growth.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $3.70, or 0.34%, to trade at $1,078.80 a troy ounce as of 9:45 GMT, or 5:45AM ET. A day earlier, prices rose to a session peak of $1,083.00, the most since December 9, before ending at $1075.20, up $15.00, or 1.41%.


  • India claims to be the world’s fastest-growing major economy, yet the government might break its budget deficit targets to stimulate demand, potentially undermining the central bank’s fight against inflation. Statistically, Asia’s third- largest economy is outpacing China with above 7 percent annual growth. But Prime Minister Narendra Modi’s economic advisers are complaining of a sharp slowdown that threatens their budget calculations.
  • British Prime Minister David Cameron will allow government ministers to campaign to leave the European Union in an upcoming referendum, the BBC reported on Tuesday without citing sources.Cameron is seeking to renegotiate the terms of Britain’s EU membership and says he wants to stay in a reformed EU. However, he says he rules nothing out if he can’t get key changes to Britain’s relationship with the bloc.
  • Eurozone consumer prices advanced 0.2 percent year-on-year in December, the same rate as seen in November, flash data from Eurostat showed Tuesday. Headline inflation has been below the European Central Bank’s target of ‘below, but close to 2 percent’ since early 2013. Excluding energy, food, alcohol and tobacco, core inflation held steady at 0.9 percent in December. Energy prices slid 5.9 percent, but slower than the 7.3 percent decrease seen in November.


  • BUY GOLD ABOVE 1080 TARGET 1085 1091 SL 1074
  • SELL GOLD BELOW 1075 TARGET 1070 1064 SL 1081

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IForex Market Trading Signals and News – 06 January 2016


  • Forex -NZD/USD slips lower as China concerns still weigh
  • Forex -AUD/USD moves higher, recovers from Chinese data
  • Forex -Yen remains stronger against dollar, euro

The euro extended early losses against the dollar on Tuesday, falling to the day’s lows after data showing that the annual rate of inflation in the euro zone rose less than expected last month.EUR/USD hit lows of 1.0771, the weakest since December 3, down from around 1.0775 ahead of the data.The single currency fell to fresh eight-month lows against the yen, with EUR/JPY falling 1.02% to 128.08.The euro zone’s statistical bureau Eurostat reported that the annual rate of inflation in the region rose just 0.2% in December, matching November’s reading and falling short of forecasts for an increase of 0.3%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.33% to 99.27, boosted by the weaker euro.

The pound was trading close to eight month lows against the stronger dollar on Tuesday shrugging off data showing that activity in the U.K. construction sector rebounded in December. GBP/USD was last at 1.4687, off 0.19% for the day and not far from the eight-month low of 1.4662 set on Monday.Sterling remained weaker despite data showing that construction sector activity in the U.K. rebounded last month after slumping to a seven month low in November.The Markit construction purchasing managers’ index rose to 57.8 from November’s 55.3 and ahead of forecasts for a reading of 56.0.“The latest survey indicated a strong degree of optimism about the outlook for 2016, with firms mainly citing a strong pipeline of commercial development projects and new housing starts,” Tim Moore, senior economist at Markit said.


  • BUY GBP/USD ABOVE 1.4700 TARGET 1.4720 1.4750 SL 1.4670
  • SELL GBP/USD BELOW 1.4670 TARGET 1.4650 1.4620 SL 1.4700

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Financial Sgx Singapore Stock Market Trading Picks And News – 06 January 2016


  • The Straits Times Index (STI) ended 1.74 points or 0.06% lower to 2834.23, taking the year-to-date performance to -1.68%.
  • The top active stocks today were SingTel, which declined 0.28%, DBS, which declined 0.25%, UOB, which declined 0.47%, Global Logistic, which declined 2.87% and OCBC Bank, with a 0.12% advance.
  • The FTSE ST Mid Cap Index gained 0.35%, while the FTSE ST Small Cap Index rose 1.16%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 1.56%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 1.03% higher and 1.45% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which slipped 1.24%. Hongkong Land Holdings shares declined 1.55% and Global Logistic Properties declined 2.87%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.15%), Sti Etf (-0.35%), Dbxt Msci China Trn Etf 10 (-0.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+0.44%), Capitamall Trust (+1.57%), Capitacom Trust (+1.87%)
  • The most active index warrants by value today were : HSI21200MBePW160128 (-3.36%), HSI22000MBeCW160226 (-1.04%), HSI21600MBeCW160128 (+1.25%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (-2.61%), DBS MB eCW161003 (-1.25%), OCBC Bk MBePW160510 (-1.80%)


  • BUY CORDLIFE GROUP ABOVE 1.510 TARGET 1.540 1.580 SL 1.470

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