Daily Archives: January 29, 2016


Comex Trading Signals and Market News – 29 January 2016


  • Gold futures held near the prior session’s three-month peak in Europe trade on Thursday, after the Federal Reserve failed to offer clues on the timing of future rate hikes in its policy statement.As expected, the Fed kept interest rates unchanged at the conclusion of its policy meeting on Wednesday and said it was “closely monitoring” global economic and financial developments.
  • Oil prices struggled for direction in Europe trade on Thursday, amid doubts over the likelihood of a deal between Russia and OPEC producers to cut output happening anytime soon.Oil rallied on Wednesday as top OPEC and Russian oil industry officials stepped up vague talk of possible joint action to cut production and alleviate a global supply glut.
  • Natural Gas futures surged by more than 1.5 per cent in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity as forecasts for colder temperatures across parts of the US in the next two weeks bolstered the demand outlook for the heating fuel in the world’s biggest economy. Updated weather forecasting models called for cooler weather in the US through the middle of February boosting demand for gas-fired heating at offices and homes.


  • Japanese Economy Minister Akira Amari said on Thursday he was resigning to take responsibility for a political funding scandal that has rocked the government, but denied having taken bribes.In a packed news conference televised live, Amari acknowledged taking money from a construction company executive but said he told his aides to correctly record them as a political donation.
  • France and Iran hailed a set of business tie-ups and export deals on Thursday including the sale of dozens of Airbus planes and a car factory revamp that re-ignites a decades-old relationship between Tehran and car maker Peugeot. The deals, some of which were not yet finalised, were announced at a Franco-Iranian business forum attended by Iranian President Hassan Rouhani and a host of ministers and business leaders.
  • The British and Scottish governments announced a 250 million pound deal on Thursday to support the city of Aberdeen, hit hard by job losses in an oil sector ravaged by steep declines in the price of crude.The Aberdeen UK City Deal will help fund an expansion of Aberdeen harbour, necessary to allow local companies to bid for work in the oil and gas decommissioning sector, estimated to be worth 45 billion pounds by 2040.


  • 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 – 29 January 2016


  • Forex -Dollar steady against rivals after Fed statement
  • Forex -Sterling hits day’s highs on U.K. GDP report
  • Forex – Steadier oil helps Aussie, kiwi after Fed statement

EUR/USD, is steady on Thursday, as the pair trades at the 1.09 line in the European session. In economic news, currency markets did not display much reaction to the Federal Reserve, which maintained interest rate levels and issued a cautious policy statement. Later in the day, Germany will publish Preliminary CPI, and the US releases Core Durable Goods and Unemployment Claims. On Friday, there are key events, Eurozone CPI and US Advance GDP. The pair kept the composure after January’s data in the euro area showed Industrial Confidence dropped to 3.2, Business Climate fell to 0.29, Service Sentiment has come in at 11.6 and Economic Sentiment printed 105.0, all of them below expectations. On a more optimistic side, Consumer Confidence matched estimates at -6.3.In the meantime, spot has managed to clinch highs near 1.0930, albeit losing some pips afterwards, all backed by a softer tone in the greenback.

The pound rose to the day’s highs on Thursday after figures showing that the U.K. economy grew in line with expectations in the fourth quarter, but the annual rate of growth slowed to the weakest in three years. GBP/USD rose 0.63% to 1.4324 from around 1.4253 ahead of the report. The Office for National Statistics said fourth quarter gross domestic product grew 0.5%, matching forecasts after growth of 0.4% in the three months to September.The service sector, which accounts for around 80% of GDP, grew by 0.7% in the last quarter, but the production sector shrank by 0.2%, with manufacturing output flat. Construction output fell 0.1%, the ONS said.The U.K. economy grew at an annual rate of 1.9% in the three months to December, slowing from 2.1% in the third quarter and the smallest increase since early 2013.


  • BUY GBP/USD ABOVE 1.4340 TARGET 1.4360 1.4390 SL 1.4310
  • SELL GBP/USD BELOW 1.4270 TARGET 1.4250 1.4220 SL 1.4300

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SGX : Singapore shares open slightly higher


  • Singapore shares open slightly higher on Friday.
  • SINGAPORE shares opened slightly higher on Friday, after Wall Street gained ground on Thursday.
  • The benchmark Straits Times Index (STI) edged up 3.64 points or 0.14 per cent to 2,566.09 by 9.05am, with 54.4 million shares worth S$101.9 million changing hands.
  • Gainers outnumbered losers 81 to 46.

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Financial Sgx Singapore Stock Market Trading Picks And News – 29 January 2016


  • The Straits Times Index (STI) ended 13.16 points or 0.52% higher to 2559.34, taking the year-to-date performance to -11.22%.
  • The top active stocks today were DBS, which declined 0.88%, Global Logistic, which gained 1.21%, SingTel, which gained 1.46%, Keppel Corp, which gained 0.42% and SingPost, with a 6.48% fall.
  • The FTSE ST Mid Cap Index gained 0.14%, while the FTSE ST Small Cap Index declined 0.02%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 2.14%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 4.53% higher and 0.74% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.26%. Midas Holdings shares declined 2.00% and Geo Energy Resources remain unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Is Msci India 100 (+0.16%), Sti Etf (+0.77%), Spdr Gold Shares (+0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas Reit (unchanged), Capitamall Trust (-1.01%), Suntec Reit (+0.65%).
  • The most active index warrants by value today were : HSI20000MBeCW160226 (+27.94%), HSI19800MBeCW160330 (+9.59%), HSI18400MBePW160330 (-12.64%).
  • The most active stock warrants by value today were : KepCorp MBeCW161101 (unchanged), DBS MB eCW160711 (-7.23%), KepCorp MB eCW161205 (-2.08%).


  • BUY ASIAN PAY TV ABOVE 0.640 TARGET 0.670 0.700 SL 0.600

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