Daily Archives: February 4, 2016


SGX : Singapore shares open higher

Singapore Exchange :

  • Singapore shares open higher on Thursday.
  • SINGAPORE share prices opened 0.59 per cent higher on Thursday, with the Straits Times Index (STI) up 15.02 points to 2,565.76 at 9am.
  • On Wall Street, both the Dow and S&P rose as energy and industrial names surged on Wednesday with rising oil prices. Only the Nasdaq finished lower as Google parent Alphabet and other leading technology names retreated.
  • The Dow Jones Industrial Average jumped 183.12 points (1.13 per cent) to 16,336.66. The broad-based S&P 500 rose 9.50 points (0.50 per cent) to 1,912.53, while the tech-rich Nasdaq Composite Index fell 12.71 points (0.28 per cent) to 4,504.24.

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Comex Trading Signals and Market News – 04 February 2016


  • West Texas Intermediate oil futures climbed back above the $30-level in Europe trade on Wednesday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a slower pace than expected last week. The U.S. Energy Information Administration will release its weekly report on oil supplies at 15:30GMT, or 10:30AM ET, amid expectations for a gain of 4.8 million barrels.
  • Gold futures held steady near the prior session’s three-month high in Europe trade on Wednesday, as investors looked ahead to key U.S. data later in the day to gauge if the world’s largest economy is strong enough to withstand further rate hikes this year.The U.S. was to release the ADP jobs report for January at 13:15GMT, or 8:15AM ET, followed by the U.S. Institute of Supply Management’s report on service sector growth for January at 15:00GMT, or 10:00AM ET. Market players are also focusing on Friday’s U.S. nonfarm payrolls report.
  • Zinc futures rose by 1.46 per cent to Rs 115.05 per kg today as speculators increased positions in the midst of a strong trend globally. Besides high demand in domestic spot markets fueled the uptrend. Zinc futures for January 2016 contract at MCX were trading at Rs 115.05 per kg up by 1.46 per cent after opening at Rs. 114.35 against the previous closing price of Rs. 113.40.


  • European Council President Donald Tusk set out a plan on Tuesday for keeping Britain in the European Union to a mixed reception which underlined the challenges Prime Minister David Cameron faces convincing Britons they should stay in the bloc.Cameron mounted a strong defence of membership of the 28-nation bloc after Tusk released details of his plan following weekend talks, saying he would be ready to campaign to stay in the EU if the proposals won the backing of other EU countries.
  • The European Union aims to bring free trade negotiations with the United States towards a close by the summer, a necessary step if a deal is to be clinched before a change of president in the United States.The two sides are trying to agree on the Transatlantic Trade and Investment Partnership (TTIP), a free trade deal that could deliver economic benefits of more than $100 billion for both economies, each searching for growth in the face of a Chinese economic slowdown.
  • The Reserve Bank of India’s move to clean up balance sheets of commercial lenders is not aimed at reducing the risk- taking appetite of company owners, Governor Raghuram Rajan said on Wednesday.”We should not in any way reduce risk-taking in the economy,” Rajan said in an interview to ET Now television.The central bank has been urging banks to proactively clean up their balance sheets, including accounting for potential stressed assets. Rajan said this exercise is intended to put key stalled projects back on track and was not meant to penalise promoters.


  • BUY GOLD ABOVE 1132 TARGET 1137 1143 SL 1127
  • SELL GOLD BELOW 1124 TAREGT 1119 1113 SL 1130

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IForex Market Trading Signals and News – 04 February 2016


  • Forex -Yen pares back gains as oil prices edge higher
  • Forex – Kiwi boosted by jobs data, Aussie pushes higher
  • Forex – Yen and euro stand tall, oil slide brings focus back to global woes

The single currency has now recovered the smile,sending EUR/USD back to the 1.0930 area after testing lows near 1.0900. The current recovery of crude oil prices seem to be lending some support to the pair, which has managed to bounce off session lows in the boundaries of 1.0900 the figure.Mixed results from January’s Services PMI in the euro area have passed largely unnoticed, while EMU’s Retail Sales have expanded 0.3% MoM during December, matching estimates. Ahead in the session, market consensus expects the ADP report to come in just below the 200K threshold and the ISM Non- manufacturing a tad lower to 55.1 for the last month. The pair is now advancing 0.10% at 1.0925 facing the next resistance at 1.0969 (high Jan.28) followed by 1.1000 (psychological level) and then 1.1053 (200-day sma). On the other hand, a break below 1.0777 (post-ECB low Jan.21) would open the door to 1.0737 (38.2% Fibo of 1.0538-1.1059) and finally 1.0709

The pound rose to three week highs on Wednesday after data showing that the dominant U.K. service sector posted another solid rise in output in January, getting 2016 off to a strong start. GBP/USD hit 1.4462, the most since January 13, up from around 1.4430 ahead of the data.The Markit services purchasing managers’ index ticked up to a five month high of 55.6 from Decembers 55.5. Analysts had expected a slight downtick to 55.3.New business rose at the sharpest rate since last July, the report said, while service providers raised employment at the fastest pace since last October.But output growth was weaker than the trend rates achieved in 2013, 2014 and 2015 and the longer-term outlook for business activity hit a three-year low.“The three PMI surveys for January collectively point to a slight upturn in the rate of economic growth, consistent with GDP rising at a quarterly rate of 0.6% in the first quarter, up from 0.5% in the fourth quarter, if current levels are sustained,” Chris Williamson, chief economist at Markit said.


  • BUY GBP/USD ABOVE 1.4480 TARGET 1.4500 1.4530 SL 1.4450
  • SELL GBP/USD BELOW 1.4220 TARGET 1.4200 1.4170 SL 1.4250

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Financial Sgx Singapore Stock Market Trading Picks And News – 04 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 declined3.55%, 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 ASCENDAS-H TRUST ABOVE 0.770 TARGET 0.800 0.850 SL 0.840

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