Daily Archives: February 3, 2016


Comex Trading Signals and Market News – 03 February 2016


  • Copper prices fell by 1.81 per cent on Monday as the release of weak Chinese manufacturing activity data underlined concerns over the health of the world’s second largest economy. Copper traders view Chinese factory activity as an indicator of the nation’s copper demand as the red metal is widely used by the sector. The official China manufacturing purchasing managers’ index fell to a three-year low of 49.4 in January from 49.7 a month earlier falling short of expectations for 49.6.
  • Natural Gas futures plummeted by over 3 per cent during noon trade in the domestic market on Monday as investors and speculators resorted to profit booking in the energy commodity after a spectacular rally on Friday and Thursday when upbeat supplies data which showed a hefty storage withdrawal coupled with forecasts for colder weather in the US in the first two weeks of February which bolstered the demand outlook for the heating fuel buoyed sentiment.
  • Gold futures rose to a fresh three-month high in Europe trade on Tuesday, amid growing skepticism over the Federal Reserve’s ability to raise interest rates as much as it would like this year.Gold for April delivery on the Comex division of the New York Mercantile Exchange rose to an intraday peak of $1,131.00 a troy ounce, the most since November 3, before turning lower to trade at $1,125.50 by 07:50GMT, or 2:50AM ET, down $2.50, or 0.22%.


  • The Reserve Bank of India left the key repo rate steady at 6.75 percent, opting to wait until after the government’s annual budget statement at the end of February to decide on whether to cut interest rates further. of a post-budget rate cut have surfaced after Rajan said further room for rate cuts would open up if the forthcoming budget came up with structural reforms to help boost growth and contain inflation.
  • The European Central Bank is working on a plan to allow consumers to transfer money using their phone numbers or email addresses rather than a complicated bank account number, a senior bank official said.In an interview with RTL Nieuws broadcast on Monday, ECB executive board member Yves Mersch said the system would let a consumer link, for instance, her telephone number to her International Bank Account Number, or IBAN.
  • China’s central bank will inject 50 billion yuan (5.2 billion pounds)into the money markets through 14-day reverse bond repurchase agreements and an additional 50 billion yuan through 28-day reverse repos on Tuesday, traders said. PBOC also injected 10 billion yuan into the money markets through 28-day reverse repos on Monday in an off – schedule open market operation. Maturing reverse repos will drain a net 180 billion yuan from the banking system this week.


  • BUY GOLD ABOVE 1127 TARGET 1132 1138 SL 1121
  • SELL GOLD BELOW 1120 TAREGT 1115 1109 SL 1126

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IForex Market Trading Signals and News – 03 February 2016


  • Forex -AUD/USD drops after RBA holds rates
  • Forex -NZD/USD moves lower amid growth concerns
  • Forex – Yen moves higher as weak oil hits market sentiment

The EURUSD pair achieved new breach to 1.0890 and attempts to build support base above it, which reactivates the correctional bullish scenario on the intraday and short term basis, opening the way to achieve gains that its targets begin at 1.1005 and extend to 1.1120, which represents 61.8% Fibonacci of the last bearish wave that appears on image, which hints the importance of monitoring the price behavior when reaching this level, due to its importance to detect the next destination on the longer term basis.The EMA50 supports the expectations to rise in the upcoming sessions, while stochastic negativity might cause some sideways fluctuation before resuming the waited bullish bias, which will remain valid and active unless breaking 1.0890 level and holding below it.

The pound fell to session lows against the dollar on Tuesday after data showing that activity in the U.K. construction sector slowed to a nine-month low in January, indicating a subdued start to the year in 2016.GBP/USD hit lows of 1.4328 and was last at 1.4358, off 0.51% for the day. The Markit U.K. construction purchasing managers’ index fell 55.0 last month from December’s 57.8. Economists’ had expected a more modest decline to 57.5.Softer new business growth acted as a brake on output growth and staff hiring at the start of 2016, with job creation easing to its slowest for almost two-and-a-half years.Construction firms reported the lowest business confidence since December 2014. The data came one day after a similar survey showing that U.K. factory activity grew at the fastest rate in three months in January, but new export orders fell as the strong pound weighed and firms cut staffing levels.\


  • BUY GBP/USD ABOVE 1.4370 TARGET 1.4390 1.4420 SL 1.4340
  • SELL GBP/USD BELOW 1.4300 TARGET 1.4280 1.4250 SL 1.4330

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Financial Sgx Singapore Stock Market Trading Picks And News – 03 February 2016


  • The Straits Times Index (STI) ended 22.7 points or 0.87% lower to 2579.71, taking the year-to-date performance to -10.51%.
  • The top active stocks today were DBS, which declined 1.96%, Global Logistic, which gained 2.46%, ST Engineering, which declined 3.55%, OCBC Bank, which declined 1.29% and SingTel, with a 0.29% advance.
  • The FTSE ST Mid Cap Index declined 0.39%, while the FTSE ST Small Cap Index declined 0.75%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.52%. The two biggest stocks of the Index – Raffles Medical Group and Biosensors International Group- ended 1.21% higher and 1.92% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.02%. Silverlake Axis shares declined 1.79% and CSE Global declined 4.55%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.76%), SPDR Gold Shares (+0.34%), DBXT MSCI Thailand TRN ETF 10 (-1.12%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.44%), Capitamall Trust (+1.00%), Capitacom Trust (-0.38%)
  • The most active index warrants by value today were: HSI20000MBeCW160226 (-3.57%), HSI18400MBePW160330 (+0.76%), HSI19600MBePW160226 (+0.68%)
  • The most active stock warrants by value today were : KepCorp MBeCW161101 (-2.60%), DBS MB eCW161004 (unchanged), KepCorp MB eCW161205 (-0.65%).


  • BUY MAPLETREE LOG TR ABOVE 0.950 TARGET 0.980 1.020 SL 0.915

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