Daily Archives: November 9, 2018

9Nov

Singapore Stocks Watch: Singapore shares end bring down on Friday

Singapore Stocks Watch:
SINGAPORE stocks shut lower on Friday, with the Straits Times Index withdrawing 0.49 percent or 15.27 focuses to 3,077.97.

Washouts dwarfed gainers 229 to 145, or around eight securities down for each five up, after 1.73 billion securities worth S$1.03 billion changed hands.

Among the most vigorously exchanged by volume, Genting Singapore increased 6.7 percent or S$0.06 to S$0.95 with 90.5 million offers exchanged. Minimized Metal Industries headed up 16 percent or S$0.004 to S$0.029 with 78.8 million offers exchanged.

Dynamic record stocks included DBS Group Holdings, down one percent or S$0.25 to S$23.74; and Singtel, up 0.6 percent or S$0.02 to S$3.10.

Singtel-supported fintech firm Sygnum declares tie-up with blockchain organization daura

FINTECH firm Sygnum on Friday declared its association with blockchain organization daura to fabricate an answer for safely issue computerized resources, for example, tokenised offers and speculation items.

Sygnum – which tallies Singtel Innov8, the funding arm of Singtel Group, as one of its financial specialists – was established by a group of Swiss and Singaporean experts. It builds up its items and administrations all the while in the monetary center points of Switzerland and Singapore.

Mathias Imbach and Gerald Goh, establishing accomplices of Sygnum, said that in the main stage, their arranged contributions will target qualified or certify institutional financial specialists. In the second stage, it will offer bank-to-bank innovation answers for engage other monetary foundations to give administrations to the token economy.

Sygnum and Swiss telco Swisscom have likewise shaped a joint endeavor for the safe stockpiling of computerized resources, called Custodigit.

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Sygnum said it intends to improve the present money related administrations foundation with the potential outcomes of circulated record advancements and computerized resources – with blockchain being the present most noticeable case of the dispersed record innovation.

As vital accomplices, Sygnum, Swisscom and daura will manufacture a computerized resource biological community tending to the agony purposes of coordinating the advanced record innovation into the money related industry, for example, the nonattendance of managed fiat-advanced passages and the absence of agreeable and secure guardianship answers for computerized resources, in addition to other things.

Dwindle Hofmann, senior fintech master at Swisscom and between time CEO of Custodigit, stated: “The participation of Sygnum and Custodigit consolidates one of a kind know-how in the fields of computerized resources, saving money, consistence and innovation. This cultivates the improvement of an advanced resources authority stage for the managed money related industry.”

9Nov

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • After spending the majority of the day in a tight range near the $1230 handle, the XAU/USD pair lost its traction and slumped to a fresh daily low of $1228 in the last hour. As of writing, the pair was trading at $1228.70, losing 0.35%, $4.30, on a daily basis. The US Dollar Index, which suffered heavy losses in the second half of the previous week, started the day on a positive note and rose above the 96.50 mark ahead of the non-manufacturing PMI reports that the ISM and the IHS Markit will be releasing later in the session.
  • The United States reintroduced sanctions against Iranian oil on Monday while giving some of Washington’s closest allies exemptions that allow Tehran’s biggest customers, mostly in Asia, to keep buying crude for now. Washington has restored measures lifted under a 2015 nuclear deal negotiated with Tehran by the administration of President Barack Obama.
  • Gold prices slipped while the dollar was unchanged on Monday as traders awaited the U.S. mid-term elections and the Federal Reserve’s November meeting due later this week. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped 0.03% to $1,232.9 a troy ounce by 12:20 AM ET (04:20 GMT). The U.S. Fed will begin its two-day meeting on Wednesday, with markets anticipating no change to interest rates ahead of a widely expected rate hike in December.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • A dozen euro zone banks holding about 40 percent of the sector’s assets need to strengthen their capital positions, European Central Bank Vice President Luis de Guindos said on Monday, reflecting on the results of a stress test exercise. The ECB earlier said that it would consider a 5.5 percent common equity tier 1 capital (CET1) level as acceptable in the test but comments from de Guindos suggest that the ECB may be looking a higher level.
  • The United States announced a new raft of sanctions on Iran on Monday and threatened further action to pressure its old adversary, steps the Islamic Republic condemned as “economic war” and vowed to defy. The move is part of a wider effort by U.S. President Donald Trump to curb Tehran’s missile and nuclear programs and diminish the Islamic Republic’s influence in the Middle East.
  • The European Central Bank has withdrawn the banking license of Malta’s Pilatus Bank, the island’s financial regulator said on Monday, after the chairman of the bank was charged in the United States over money laundering and bank fraud. The lender was also accused of processing corrupt payments for senior Azeri and Maltese figures by investigative journalist Daphne Caruana Galizia. She was killed a year ago by a car bomb in Malta.

COMEX GOLD SIGNAL

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