Daily Archives: January 28, 2016


Comex Trading Signals and Market News – 28 January 2016


  • Oil futures fell on Wednesday, after a surprise rise in U.S. inventories wiped out the optimism that had built up the day before over the potential for the world’s largest exporters to cut output enough to stem a 19-month-long price slide. Another contraction in industrial profits in top commodities consumer China, along with caution before the outcome of the U.S. Federal Reserve’s first policy meeting of the year, knocked around $1 off the price of oil.
  • Gold futures fell from the prior session’s three-month peak in Europe trade on Wednesday, as investors were hesitant to push prices higher ahead of the Federal Reserve’s policy statement due later in the day. The Fed is widely expected to keep interest rates on hold at the conclusion of its two-day policy meeting later Wednesday after raising interest rates for the first time in almost a decade in December.
  • Copper futures surged by more than 2.5 per cent during late noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal after data showed that China imported a record amount of copper in 2015 signaling strong underlying demand for the metal in the world’s biggest copper consumer. Chinese inbound copper shipments jumped 34 per cent to 423181 tons in December 2015 from the same month a year ago.


  • Any shocks across countries could trigger destabilising debt flows similar to that seen in Ireland during its financial crisis, the head of the country’s central bank said on Wednesday.”Asymmetric shocks across countries may trigger pro-cyclical international debt flows, with households and firms in faster-growing countries tempted to borrow more, funded by outflows from slower-growing countries,” Philip Lane, who also sits on the European Central Bank’s Governing Council said.
  • Fund managers must give investors clarity on the quality of assets they hold and how these are likely to behave in stressed markets, Bank of England Deputy Governor Andrew Bailey said on Wednesday.Bailey, who heads the BoE’s Prudential (L:PRU) Regulation Authority, which supervises banks, said shrinkage in banking balance sheets and corresponding large growth in asset management since the financial crisis only made sense if two conditions were met.
  • The Federal Reserve is expected to leave interest rates unchanged on Wednesday and acknowledge that turmoil in financial markets threatens its upbeat view of the U.S. economy, leaving the chances of a March hike diminished but alive.All 69 analysts in a Reuters poll see the central bank keeping its key overnight lending rate in a range of 0.25 percent to 0.50 percent when it issues its policy statement following a two-day meeting. The decision is due at 2 p.m. EST (1900 GMT).


  • BUY GOLD ABOVE 1120 TARGET 1125 1131 SL 1114
  • SELL GOLD BELOW 1115 TARGET 1110 11104 SL 1121

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IForex Market Trading Signals and News – 28 January 2016


  • Forex -AUD/USD rises to 2-week highs on Australian inflation data
  • Forex -NZD/USD slides lower ahead of Fed, RBNZ statements
  • Forex – Dollar treads water ahead of Fed statement

EUR/USD, is showing marginal movement on Wednesday, as the pair trades at 1.0870 in the European session. In economic news, German Consumer Climate posted a strong reading of 9.4 points, within expectations. In the US, the Federal Reserve will release a policy statement and set the benchmark interest rate for January.Fresh offers came-in after the pair failed to sustain above the hourly 200-MA seen at 1.0873 levels. The pair had spiked to 1.0883 after the European stocks dropped around 0.80% in early trading. However, equities recovered losses and weighed over the common currency. No first tier data is due for release in the Eurozone. Hence, the pair remains at the mercy of the action in the equity markets as we head towards the FOMC rate decision. “Draghi’s dovish policy signal should understandably cap EUR into the ECB’s Mar 10 policy meeting, the pair unlikely to make a serious dent at 1.10 if at all in coming weeks”.

The GBP/USD pair trades -0.31% lower at fresh session lows of 1.4306, having faced strong offers near 1.4350 region. The major reverses a part of yesterday’s rally and remains vulnerable as the slide in the oil prices refuelling risk-off trades across the financial markets and almost killed the demand for risk currencies such as the GBP. The cable remains little affected by the expectations of an upbeat GDP print due tomorrow and keeps the offered tone intact as long as oil price action continues to dominate markets. On Tuesday, GBP/UD rallied to weekly highs near 1.4370 and completely ignored the dovish comments from BOE Governor Carney at his testimony in London. Carney noted that conditions are not right for a rate hike, while he also added that BOE could cut rates if necessary.Attention now remains on the Fed decision due later today for further momentum on the major.


  • BUY GBP/USD ABOVE 1.4340 TARGET 1.4360 1.4390 SL 1.4310
  • SELL GBP/USD BELOW 1.4380 TARGET 1.4360 1.4330 SL 1.4410

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SGX : Singapore shares open higher


  • Singapore shares open higher on Thursday.
  • Straits Times Index (STI) opened higher on Thursday morning, after US stocks slid but European shares recovered on Wednesday following a late pick-up in oil prices.
  • The STI gained 7.35 points or 0.29 per cent to 2,553.53 by 9.03am on Thursday, with 43.2 million stocks worth S$87.8 million changing hands. Losers narrowly outnumbered gainers 58 to 51.

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Financial Sgx Singapore Stock Market Trading Picks And News – 28 January 2016


  • The Straits Times Index (STI) ended 37.03 points or 1.43% lower to 2545.61, taking the year-to-date performance to -11.69%.
  • The top active stocks today were DBS, which declined 2.76%, OCBC Bank, which declined 1.03%, SingTel, which declined 2.02%, Keppel Corp, which declined 2.08% and UOB, with a 2.94% fall.
  • The FTSE ST Mid Cap Index declined 1.06%, while the FTSE ST Small Cap Index declined 0.78%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.01%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 4.44% higher and 5.51% lower respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 3.11%. Midas Holdings shares declined 3.92% and Geo Energy Resources declined 1.61%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Lyxor China H 10 (-3.62%), Sti Etf (-1.51%), Spdr Gold Shares (+0.90%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (-0.45%), Capitamall Trust (+0.51%), Capitacom Trust (-2.28%).
  • The most active index warrants by value today were : HSI18400MBePW160330 (+5.14%), HSI20000MBeCW160226 (-18.39%), HSI17600MBePW160330 (+11.91%).
  • The most active stock warrants by value today were : DBS MB eCW160711 (-17.43%), UOB MB eCW160705 (-22.64%), KepCorp MBeCW161101 (-8.11%).


  • BUY GOLDEN AGRI ABOVE 0.340 TARGET 0.370 0 0.420 SL 0.305

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