Daily Archives: January 13, 2016


Comex Trading Signals and Market News – 13 January 2016


  • Gold prices inched lower on Tuesday, as steep declines in other metal commodities, like copper, platinum and palladium, weighed. Gold for February delivery on the Comex division of the New York Mercantile Exchange shed $1.30, or 0.12%, to trade at $1,094.90 a troy ounce as of 09:45 GMT, or 4:45AM ET. A day earlier, prices dipped $1.70, or 0.15%.
  • Crude oil fell 3 percent on Tuesday, heading toward $30 per barrel and levels not seen in over a decade, with analysts scrambling to cut their price forecasts and traders betting on further declines.Prices are down around 20 percent since the start of the year, dragged lower by soaring oversupply, China’s weakening economy and stock market turmoil, as well as the strong dollar, which makes it more expensive for countries using other currencies to buy oil.
  • Copper prices fell to a new six-year low on Tuesday, as investors continued to cut holdings of the red metal amid persistent worries about future demand from top consumer China.Copper for March delivery on the Comex division of the New York Mercantile Exchange shed 1.7 cents, or 0.86%, to trade at $1.957 a pound by 08:00 GMT, or 3:00AM ET.


  • China’s cabinet is taking a key first step towards tighter control of its financial regulatory apparatus, a source told Reuters, after repeated regulatory missteps have dented confidence as the world’s second-largest economy struggles. A source close to the leadership said the State Council has set up a working group to upgrade the cabinet’s financial department to bureau level to serve as an interim manager of the process until a “super regulator” structure can be put into place.
  • Austria will take tougher action at its borders to turn away “economic migrants” in order to reduce overall immigration, Chancellor Werner Faymann said, striking a harsher tone on asylum seekers.Hundreds of thousands of people fleeing conflict and poverty in the Middle East, Afghanistan and elsewhere have entered Austria, many en route to Germany, in the past year.
  • Germany probably achieved a double-digit budget surplus last year, beating its forecast for a surplus of 6.1 billion euros (4.57 billion pound), two sources in Germany’s ruling coalition told Reuters on Tuesday. One source said the surplus would be in the double digits while a second source said it would probably be between 11 and 12 billion euros. The surplus is due to be made available for spending on refugees.


  • BUY GOLD ABOVE 1095 TARGET 1100 1106 SL 1089
  • SELL GOLD BELOW 1090 TARGET 1085 1079 SL 1096

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Forex trading

IForex Market Trading Signals and News – 13 January 2016


  • Forex -Dollar steady in early trade, yuan in focus again
  • Forex -NZD/USD slides lower as focus remains on China
  • Forex -AUD/USD re-approaches 4-month lows on China worries

The dollar moved lower against the euro on Tuesday, The low yielding euro rose 0.33% against the dollar to 1.0896. Investors also remained concerned over the extent of the economic slowdown in China, following a steep selloff in Chinese stocks and a renewed devaluation in the yuan since the start of the year.Shares in China closed higher on Tuesday, after Beijing stepped up measures to support the yuan. China’s central bank guided the yuan higher for a third day, but uncertainty over Beijing’s currency policy persisted. EUR/USD was little changed at 1.0850.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.08% at 99.00.

The pound fell to fresh five-year lows against the dollar on Tuesday after data showing that U.K. industrial and manufacturing production dropped sharply in November, adding to concerns over the uneven economic recovery. GBP/USD hit lows of 1.4484, the weakest level since June 2010, down from around 1.4527 ahead of the data.The Office for National Statistics said industrial production fell 0.7% in November from the previous month, compared with forecasts for a flat reading. It was the biggest drop since January 2013. Sterling remained under heavy selling pressure amid concerns that the Bank of England will signal that rates are likely to remain on hold for longer after its policy meeting on Thursday. The pound was lower against the euro, with EUR/GBP rising to 0.39% to 0.7494 from 0.7479 earlier.


  • BUY GBP/USD ABOVE 1.4530 TARGET 1.4550 1.4580 SL 1.4500
  • SELL GBP/USD BELOW 1.4480 TARGET 1.4460 1.4430 SL 1.4510

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Financial Sgx Singapore Stock Market Trading Picks And News – 13 January 2016


  • The Straits Times Index (STI) ended 17.07 points or 0.63% lower to 2691.78, taking the year-to-date performance to -6.62%.
  • The top active stocks today were Keppel Corp, which declined 7.04%, DBS, which declined 0.07%, UOB, which declined 1.15%, CapitaLand, which declined 0.96% and SingTel, with a 0.28% advance.
  • The FTSE ST Mid Cap Index gained 0.14%, while the FTSE ST Small Cap Index declined 0.31%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.51%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 1.27% higher and 0.82% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 5.58%. Keppel Corp shares declined 7.04% and Sembcorp Industries declined 3.70%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Sti Etf (-0.72%), Dbxt Msci Thailand Trn Etf 10 (+2.30%), Spdr Gold Shares (-0.42%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged), Capitamall Trust (-0.26%), Suntec Reit (+0.33%)
  • The most active index warrants by value today were : HSI20400MBePW160128 (+21.05%), HSI21000MBePW160330 (+9.88%), HSI22000MBeCW160226 (-27.50%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-4.51%), KepCorp MBeCW161212 (-23.66%), OCBC Bk MBeCW161004 (-2.25%).


  • BUY SARINE TECH ABOVE 1.590 TARGET 1.620 1.660 1.730 SL 1.540

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