Daily Archives: March 10, 2016


Singapore Exchange : Opening market update


  • SINGAPORE share prices opened higher on Thursday with the Straits Times Index up 17.54 points or 0.62 per cent to 2,827.97 as at 9.01am, following a Wall Street rebound and strengthening crude oil prices on Wednesday.
  • The Dow Jones Industrial Average climbed 36.26 points to 17,000.36 while S&P 500 gained 10 points to 1,989.26 on Wednesday.
  • US stocks were lifted by a resumption in the improvement of crude oil prices and expectations of a further deposit rate cut to be unveiled by the European Central Bank on Thursday.

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Comex Trading Signals and Market News – 10 March 2016


  • Oil prices struggled for direction in choppy trade during European morning hours on Wednesday, as market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of demand in the world’s largest oil consumer.
  • Gold futures were lower in European trade on Wednesday, as the dollar strengthened against the euro amid expectations the European Central Bank will almost certainly ease monetary policy this week. The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.2% to 97.36 during European morning hours, bouncing off the prior session’s more than two-week low of 96.88.
  • Natural Gas futures retreated in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity as forecasts for warmer weather across the US in the coming days threatened to curtail the demand for the heating fuel.


  • The German economy will grow at a slightly slower pace this year and next compared to 2015, the German banking association (BdB) said on Wednesday, citing a slowdown in China and other emerging markets as well as low oil prices as risk factors.The BdB said it expects Europe’s largest economy to grow by 1.6 percent this year and 1.5 percent in 2017, down from 1.7 percent last year.
  • The Bank of Japan is set to hold off cutting interest rates at next week’s rate review, sources say, as it scrambles to soothe market jitters caused by January’s surprise decision to adopt negative interest rates.Markets are rife with speculation the BOJ will expand monetary stimulus in coming months to reflate a stagnant economy, after January’s move failed to boost stock prices or arrest an unwelcome rise in the yen.
  • Assets of China’s sovereign wealth fund are not included in the country’s foreign exchange reserves and do not impact China’s reserves, China’s FX regulator said on Wednesday.China has ample FX reserves, the State Administration of Foreign Exchange said on its official microblog.


  • BUY GOLD APR ABOVE 1263 TARGET 1268 1274 SL 1258
  • SELL GOLD APR BELOW 1254 TARGET 1249 1243 SL 1259

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IForex Market Trading Signals and News – 10 March 2016


  • Forex -Aussie holds steady, kiwi moves lower vs. greenback
  • Forex -Euro lower as ECB easing expectations weigh
  • Forex -Yen back in favour as China data hurts appetite for risk

EUR/USD is currently trading with a bearish bias. The rebound from 1.1024 invalidated the anticipated upward rally towards 1.1338, meaning, as long as the level 1.1024 is not violated, we will remain short with our ultimate target at 1.073, a break below this support would mean we are headed further short with the next ideal target at 1.05451. Ideally, in the next few days, we expect to complete the three wave cycle with the black wave (c) ending on either 1.0732 or 1.05451.In case of a violation of the level 1.1024, we will wait for a breakout above 1.1056 to continue long with our ideal target at 1.1338.

GBP/USD is currently trading with a slight bearish bias. Unfortunately, our short-term support 1.42119 was broken and the price is currently rallying below it. We expect the price to rebound from the lower supportive trend line to mark the end of the black wave (4) and to signal the unfolding of wave (5) with an ultimate target at 1.4395. A break below lower supportive trend line will push wave (4) lower to 1.4065 from where we will be looking to go long upon a clear rebound. Pound should be traded alongside, EUR/JPY and GBP/JPY. These pair have a strong positive correlation of up to +0.83 and are thus expected to have a similar price action.


  • BUY GBP/USD ABOVE 1.4018 TARGET 1.40381.4068 SL 1.3988
  • SELL GBP/USD BELOW 1.3950 TAGET 1.3930 1.3900 SL 1.3980

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Financial Sgx Singapore Stock Market Trading Picks And News – 10 March 2016


  • The Straits Times Index (STI) ended 31.66 points or 1.14% higher to 2810.43, taking the year-to-date performance to -2.51%.
  • The top active stocks today were Ezra, which gained 20.00%, DBS, which gained 0.73%, SingTel, which gained 1.34%, Keppel Corp, which gained 3.99% and Noble, with a 3.33% fall.
  • The FTSE ST Mid Cap Index gained 0.54%, while the FTSE ST Small Cap Index rose 1.32%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 4.43%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 3.99% higher and 5.52% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 0.49%. Jardine Matheson Holdings shares declined 1.24%and Jardine Strategic Holdings declined 2.50%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.49%), IS MSCI India 100 (+1.11%), DBXT MSCI Indonesia Etf 10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.47%), Ascendas REIT (+1.28%), Capitacom Trust (+1.06%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (+1.65%), HSI19600MBePW160428 (-1.49%), HSI20200MBeCW160428 (+9.38%)
  • The most active stock warrants by value today were : KepCorp MBeCW161212 (+13.79%), DBS MB eCW160711 (+6.45%),NKY 18000MBeCW160610 (-4.67%)


  • BUY FIRST REIT ABOVE 1.210 TARGET 1.250 1.300 SL 1.160

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