Daily Archives: January 12, 2016

12Jan

Comex Trading Signals and Market News – 12 January 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold prices held near the prior session’s nine-week high on Monday, as market players sought refuge amid heightened volatility in global stock markets. Chinese stocks markets plunged again on Monday, with the Shanghai Composite Index and the CSI300 Index both closing down more than 5% despite efforts by Beijing to stabilize the market.
  • Oil prices held near the lowest levels in more than a decade on Monday, as further turmoil in the Chinese stock market added to concerns over the Asian nation’s economy. The Shanghai Composite Index closed down 5.3%, the smaller Shenzhen Composite Index sank 6.6% and the CSI300 Index lost 5%, despite efforts by Beijing to stabilize the market.
  • Copper prices tumbled to the lowest level since April 2009 on Monday, as steep declines on Chinese stock markets dampened appetite for the red metal.Copper for March delivery on the Comex division of the New York Mercantile Exchange plunged 4.6 cents, or 2.28%, to trade at $1.970 a pound as of 08:00 GMT, or 3:00AM ET. It earlier fell to $1.966, a level not seen in more than six years.Meanwhile, three-month copper on the London Metal Exchange slumped 2.26% to $4391.25 a metric ton, the lowest since May 2009.

ECONOMY NEWS :

  • China will face great difficulty in achieving economic growth above 6.5 percent over the 2016-2020 period due to slowing global demand and rising labour costs at home, the China Securities Journal quotes a top state adviser as saying. Li Wei, president of the State Council’s Development Research Centre, made the comments at a conference over the weekend, the newspaper reported on Monday.
  • German industrial production dropped in November, indicating that the largest economy in Eurozone is still witnessing a patchy recovery. Industrial production, adjusted for inflation and seasonal swings, fell 0.3% in November from the previous month, the Federal Statistical Office said Friday. Another data showed that Germany’s adjusted trade surplus dropped to 19.7 billion euros in November from 20.6 billion in October. Exports contracted 0.4% on the month, though 1.6% jump in imports reflected steady domestic demand.
  • Consumer confidence in India slipped for the fourth consecutive month in December tothe lowest on record, as consumers reported a further deterioration in their personal finances and revised down their assessment of the business environment. Respondents sawlittle hope of a turn around either, with expectations for the future falling sharply. The MNI India Consumer Sentiment Indicator fell 4.6% to 108.5 in December from113.7 in November. The decline was broad-based with all five components of the Consumer Indicator down on the month.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1104 TARGET 1109 1115 SL 1098
  • SELL GOLD BELOW 1097 TARGET 1092 1086 SL 1103

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

12Jan
forex-trading3

IForex Market Trading Signals and News – 12 January 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex -Dollar edges higher vs. rivals but gains limited
  • Forex -Euro remains weaker, yen slips lower
  • Forex -Yen eases as yuan stabilizes but China fears persist

EUR/USD
The euro was lower against the dollar on Monday after Friday’s strong U.S. employment report for December and the yen gave up overnight gains, but investors remained wary amid ongoing turmoil in Chinese financial markets.EUR/USD slid 0.31% to 1.0892, still holding above Friday’s lows of 1.0801.The U.S. dollar index, which measures the green- back’s strength against a trade-weighted basket of six major currencies, was up 0.19% to 98.64. The unemployment rate held steady at a seven-and-a-half year low of 5% in December. The report bolstered expectations that the Federal Reserve could raise interest rates at a faster pace this year. Higher U.S. interest rates would make the dollar more attractive to yield-seeking investors.

GBP/USD
The GBP/USD pair trades 0.29% at 1.4566, easing-off session highs reached at 1.4580 levels. Having failed several attempts to take out stiff resistance near 1.4580 region, the cable retreats as the European stocks come slightly under pressure, thus, reducing the demand for risk/ high-yielding currencies such as the GBP. However, the GBP/USD pair finds support from receding US dollar against its major competitor. The USD index pares gains to trade 0.14% higher at 98.60. While a generalized strength seen across the higher yielding currencies such as the AUD, NZD and the CAD, further helps keep the recovery in GBP/USD intact. The U.S. dollar index, which measures the greenback’s strength against a trade weighted basket of six major currencies, was up 0.09% at 98.55.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4570 TARGET 1.4590 1.4620 SL 1.4540
  • SELL GBP/USD BELOW 1.4530 TARGET 1.4510 1.4480 SL 1.4560

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

12Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 12 January 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 42.38 points or 1.54% lower to 2708.85, taking the year-to-date performance to -6.03%.
  • The top active stocks today were DBS, which declined 2.16%, CapitaLand, which declined 1.27%, OCBC Bank, which declined 1.31%, Keppel Corp, which declined 4.48% and SingTel, with a 0.85% fall.
  • The FTSE ST Mid Cap Index declined 1.11%, while the FTSE ST Small Cap Index declined 1.31%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which declined 0.67%.
  • The two biggest stocks of the Index – Midas Holdings and NSL – remained unchanged and 2.40% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.77%. Keppel Corp shares declined 4.48% and Sembcorp Industries declined 2.88%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-1.07%), Dbxt Csi300 Etf 10 (-7.07%), Spdr Gold Shares (+0.17%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-2.22%), Capitamall Trust (-1.04%), Suntec Reit (-1.61%)
  • The most active index warrants by value today were : HSI20400MBePW160128 (+34.51%), CN11500MBeCW160428 (-26.23%), HSI22000MBeCW160226 (-23.08%)
  • The most active stock warrants by value today were : KepCorp MBeCW161212 (-15.46%), DBS MB eCW160705 (-12.60%), OCBC Bk MBeCW161004 (-8.25%).

STOCK RECOMMENDATION :

  • BUY ORIENTAL ABOVE 0.131 TARGET 0.136 0.140 0.150 SL 0.127

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