SINGAPORE shares end higher on Monday.The Straits Times Index gained 14.01 points to 3,367.69.
Some 890.7 million shares, valued at S$579.7 million were traded.
Gainers numbered 228 while losers numbered 172.
SGX Singapore Closing Market Update
SINGAPORE shares end higher on Monday.The Straits Times Index gained 14.01 points to 3,367.69.
Some 890.7 million shares, valued at S$579.7 million were traded.
Gainers numbered 228 while losers numbered 172.
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold prices pulled away from a three-week low on Tuesday, but still remained below the $1,200 threshold as the strong U.S. dollar continued to weigh on the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were up 0.23% to $1,182.50.The February contract ended Monday’s session 1.35% lower at $1,179.80 an ounce.The dollar remained supported after the Federal Reserve signaled last week that it was on track to raise interest rates next year but said it was taking a patient stance.
TRADING STRATEGY :
BUY GOLD ABOVE 1200 TARGET 1205 1211 SL 1194
SELL GOLD BELOW 1192 TARGET 1187 1181 SL 1198
Gold prices pulled away from a three-week low on Tuesday, but still remained below the $1,200 threshold as the strong U.S. dollar continued to weigh on the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were up 0.23% to $1,182.50.The February contract ended Monday’s session 1.35% lower at $1,179.80 an ounce.The dollar remained supported after the Federal Reserve signaled last week that it was on track to raise interest rates next year but said it was taking a patient stance.
TRADING STRATEGY :
BUY GOLD ABOVE 1200 TARGET 1205 1211 SL 1194
SELL GOLD BELOW 1192 TARGET 1187 1181 SL 1198
SGX IForex Recommendations
TRADING TIPS :
USD/JPY hit 120.19 during European afternoon trade, the pair’s highest since December 9; the pair subsequently consolidated at 120.14.The pair was likely to find support at 118.80, the low of December 19 and resistance at 121.00The U.S. dollar held steady against the yen on Tuesday, hovering at two-week highs and within close distance of a seven-year peak as expectations for a U.S. rate hike in 2015 continued to support demand for the greenback.The dollar remained broadly supported after the Federal Reserve signaled last week that it was on track to raise interest rates next year but said it was taking a patient stance.The yen shrugged off the Bank of Japan’s Monthly Report on Recent Economic and Financial Developments,
INTRADAY OUTLOOK
Support: 120.30
Resistance: 120.85
RECOMMENDATION:
1. Buy USD/JPY Above 120.90-TG:1.121.10/121.40 SL 120.60
2. Sell USD/JPY Below 120.25-TG:1.120.05/119.75 SL 120.55
INTRADAY OUTLOOK
Immediate Support: 1.1610
Immediate Resistance: 1.1650
RECOMMENDATION:
1. Buy USD/CAD Above 1.1655-TG:1.1675/1.1705 SL 1.1625
2. Sell USD/CAD Below 1.1605-TG:1.1585/1.1555 SL 1.1635
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