Daily Archives: January 21, 2016


Comex Trading Signals and Market News – 21 January 2016


  • Gold futures pushed higher in Europe trade on Wednesday, as retreating oil prices, a weaker dollar and losses in global equity markets underpinned demand for assets perceived as safer.Global stock markets plunged as oil prices fell to fresh 13-year lows, adding to fears over the outlook for global growth. Japan’s Nikkei 225 entered a bear market Wednesday, whileHong Kong stocks hit a three-and-a-half year low.
  • West Texas Intermediate oil prices sank to a fresh 13-year low in Europe trade on Wednesday, as ongoing concerns over the strength of the global economy added to uncertainty about how quickly the global glut of crude is set to shrink.The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, citing a sharp slowdown in China , weak commodity prices and rising interest rates in the U.S.
  • Crude oil prices closed lower in the domestic market on Tuesday as investors continued to digest Iran’s historic return to global energy markets and reports of record annual demand in China while oil prices remained at near 12-year lows. Investors continued to react to Saturday’s Implementation Day announcement after a report from the International Atomic Energy Agency (IAEA) found that the Persian Gulf state completed the steps necessary to restrict its nuclear testing program.


  • Germany’s producer prices dropped 2.3 percent year-on-year in December, slower than the 2.5 percent decrease seen in November, Destatis reported Wednesday. But it was slightly faster than the expected rise of 2.2 percent. Producer prices have been falling since August 2013. Energy prices were 6.8 percent low compared with last December and prices of intermediate goods fell 2.2 percent. Month-on-month, producer prices slid 0.5 percent after easing 0.2 percent in November and 0.4 percent in October.
  • Australia consumer confidence declined again in January, the latest survey from Westpac Bank showed on Wednesday as its index slipped 3.5 percent to a score of 97.3. That follows the 0.8 percent contraction in December to 100.8. Among the individual components of the survey, family finances tumbled 9.4 percent to a six- month low, while the time to purchase a major household item slipped 1.7 percent.
  • The global unemployment rate will inch down to 5.7 percent in 2017 from 5.8 percent in 2014-16, helped by job creation in the U.S. and Europe, although a growing population means the total of number of unemployed people will rise, the International Labour Organization said a report.The ILO’s forecast for the unemployment rate to fall is more optimistic than it was a year ago, when the United Nations agency estimated it would remain at 5.9 percent from 2014 to 2017.


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

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IForex Market Trading Signals and News – 21 January 2016


  • Forex -AUD/USD re-approaches 6-year lows after Australian data
  • Forex – NZD/USD falls to 4-month lows in cautious trade
  • Forex -Dollar hits 1-year lows vs. yen as risk aversion mounts

The EUR/USD dipped 26 points to trade at 1.0867 after Chinese data sparked a bit of a run to safety but avoided the pound ahead of the ECB meeting on Thursday. There was a steady flow of data in the Eurozone today including inflation, PPI, German ZEW data. Overall data met expectations but forecasts had been downgraded and traders were hoping to see a bit better than expected inflation data to help the ECB get away with no additional stimulus. Meanwhile, EUR/USD rose 0.23% to trade at 1.0933. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.16% at 99.00.Germany’s consumer price inflation reached its lowest level since 2009, data from Destatis revealed Tuesday. Inflation eased to 0.3 percent in 2015 from 0.9 percent in 2014. The year-on-year rate of price increase has been declining since 2011, Destatis said.

The pound touched a fresh seven-year low against the dollar on Wednesday after data showing that the U.K.unemployment rate fell unexpectedly in November but pay growth slowed, indicating that interest rates are likely to remain on hold for now. GBP/USD hit lows of 1.4126, the weakest since March 2009 before recovering slightly to trade at 1.4164, little changed for the day. The Office for National Statistics said the unemployment rate in the U.K. fell to 5.1% in the three months to November, its lowest since the three months to January 2006. Analysts had expected the jobless rate to hold steady at 5.2%.The number of people employed rose by 267,000, the third biggest increase on record.But data on pay growth was weaker the report showed, indicating that the BoE will wait for longer before hiking interest rates.


  • BUY GBP/USD ABOVE 1.4180 TARGET 1.4200 1.4230 SL 1.4150
  • SELL GBP/USD BELOW 1.4160 TARGET 1.4140 1.4110 SL 1.4190

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Financial Sgx Singapore Stock Market Trading Picks And News – 21 January 2016


  • The Straits Times Index (STI) ended 45.47 points or 1.75% higher to 2638.47, taking the year-to-date performance to – 8.5%.
  • The top active stocks today were DBS, which gained 1.76%, SingTel, which declined 0.85%, Keppel Corp, which gained 6.80%, OCBC Bank, which gained 1.80% and UOB, with a 2.46% advance.
  • The FTSE ST Mid Cap Index gained 1.98%, while the FTSE ST Small Cap Index rose 1.60%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 7.58%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 6.80% higher and 8.09% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.02%. SingTel shares declined 0.85% and StarHub declined 2.01%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (-0.16%), Sti Etf (+1.88%), Spdr Gold Shares (+0.10%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (+4.19%), Capitacom Trust (+3.02%), Capitamall Trust (+2.08%)
  • The most active index warrants by value today were : HSI20000MBeCW160226 (+17.70%), CN11500MBeCW160428 (+14.10%), HSI18400MBePW160330 (-14.12%)
  • The most active stock warrants by value today were : KepCorp MBeCW161101 (+25.61%), DBS MB eCW160711 (unchanged), UOB MB eCW160705 (+15.58%)


  • BUY CORDLIFE ABOVE 1.570 TARGET 1.600 1.640 SL 1.520

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