Daily Archives: January 8, 2016


Comex Trading Signals and Market News – 08 January 2016


  • Copper prices tumbled to six-week lows on Thursday, as steep declines on Chinese stock markets and a further depreciation of the yuan dampened appetite for the red metal.Copper for March delivery on the Comex division of the New York Mercantile Exchange plunged 6.0 cents, or 2.86%, to trade at $2.028 a pound as of 07:50 GMT, or 2:50AM ET. It earlier fell to $2.023, the lowest since November 24. On Wednesday, copper shed 0.7 cents, or 0.36%, following the release of disappointing Chinese service sector data.
  • Oil prices extended this week’s rout to hit levels not seen in more than a decade on Thursday, as mounting concerns over China’s economic outlook added to the view that a global supply glut may stick around for longer than anticipated. China is the world’s second largest oil consumer after the U.S. and has been the engine of strengthening demand.Market sentiment was hit after the People’s Bank of China set its official yuan midpoint rate lower compared with Wednesday’s fix.
  • Natural gas futures advanced 2 per cent in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity as forecasts for colder than normal weather in the US East Coast in the coming week bolstered the demand outlook for gas-fired heating at offices and homes in the world’s biggest economy.


  • The Indian government said on Thursday it agreed to accept demands set by the opposition Congress party to back a landmark tax reform, raising hopes a political standoff that blocked the measure throughout last year might be resolved. Parliamentary Affairs Minister Venkaiah Naidu also said the government was willing to bring forward the next parliament session to pass the proposed goods and services tax bill (GST) if Congress supports the measure.
  • German manufacturing orders jumped in November as domestic demand supported. The economics ministry said Thursday that total orders for Germany’s important manufacturing sector, adjusted for seasonal swings and calendar effects, increased 1.5% on the month. Domestic orders soared by 2.6% in November from the preceding month. Foreign orders rose 0.6%, held back by weak Eurozone demand.
  • The World Bank forecasts India to grow by a robust 7.8 percent this year and 7.9 percent in the next two years on the back of stronger domestic policy reforms, even as it cut its global economic growth forecast for 2016, citing weak growth among emerging markets. Developing economies are forecast to expand by 4.8 percent in 2016, less
    than expected earlier but up from a post-crisis low of 4.3 percent in the year just ended. Growth is projected to
    slow further in China, while Russia and Brazil are expected to remain in recession in 2016.


  • BUY GOLD ABOVE 1100 TARGET 1105 1111 SL 1094
  • SELL GOLD BELOW 1095 TARGET 1090 1084 SL 1101

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IForex Market Trading Signals and News – 08 January 2016


  • Forex -AUD/USD drops to 2-month lows after mixed Australian data
  • Forex -NZD/USD bounces off 1-month trough but gains capped
  • Forex -Yen hit 4-1/2 month highs as yuan decline accelerates

The euro rose to the day’s highs against the dollar on Thursday after data showing that the unemployment rate in the region fell to its lowest level in over four years, while economic sentiment unexpectedly improved last month.EUR/USD hit highs of 1.0807, the most since Monday and was last at 1.0846, up 0.64% for the day. The euro zone’s statistical bureau Euro- stat reported that the unemployment rate in the euro area fell to the lowest level in more than four years in November, dropping to 10.5% from 10.6% in November. It was the third straight monthly decline.Another report showed that euro zone economic sentiment unexpectedly improved in December.A survey by Eurostat and the European Commission showed that economic sentiment in the single currency bloc ticked up to 106.8 in December from November’s 106.1, compared to expectations for an unchanged reading.

The pound fell to the lowest levels in five-and-a-half years against the dollar on Thursday as market turmoil in China bolstered safe haven demand for the dollar, while uncertainty over a U.K. referendum on European Union membership also weighed.GBP/USD hit lows of 1.4555, the lowest level since June 2010 and was last at 1.4564, off 0.46% for the day.Risk sentiment was hit after China’s yuan weakened further on Thursday, exacerbating fears over the outlook for the world’s second-largest economy. The People’s Bank of China set its official yuan mid-point rate lower compared with Wednesday’s fix.It was the largest daily drop in the midpoint rate since last August, when an unexpected near 2% devaluation of the currency sparked a broad based selloff in financial markets. A weaker yuan would help boost Chinese exports.


  • BUY GBP/USD ABOVE 1.4600 TARGET 1.4620 1.4650 SL 1.4570
  • SELL GBP/USD BELOW 1.4560 TARGET 1.4540 1.4510 SL 1.4590

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Financial Sgx Singapore Stock Market Trading Picks And News – 08 January 2016


  • The Straits Times Index (STI) ended 74.36 points or 2.65% lower to 2729.91, taking the year-to-date performance to -5.30%.
  • The top active stocks today were DBS, which declined 2.48%, SingTel, which declined 1.98%, Keppel Corp, which declined 6.58%, OCBC Bank, which declined 2.45% and UOB, with a 2.49% fall.
  • The FTSE ST Mid Cap Index declined 2.11%, while the FTSE ST Small Cap Index declined 1.85%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.85%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 3.33% higher and 3.33% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 6.13%. Keppel Corp shares declined 6.58% and Sembcorp Industries declined 5.48%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-2.44%), Ishares Usd Asia Hy Bond Etf (-0.29%), Spdr Gold Shares (+0.88%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-2.20%), Capitamall Trust (-0.78%), Capitacom Trust (-3.29%)
  • The most active index warrants by value today were : HSI20400MBePW160128 (+85.92%), HSI21000MBePW160330 (+26.55%), HSI21200MBePW160128 (+40.14%)
  • The most active stock warrants by value today were : UOB MB eCW160704 (-16.35%), KepCorp MB ePW160901 (+14.29%), DBS MB eCW160704 (-17.02%)


  • BUY SARINE TECH AT CMP 1.590 TARGET 1.620 1.650 SL 1.545

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