SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 4.67 points to 3,349.66.Some 1.63 billion shares, valued at S$1.21 billion were traded.
Gainers numbered 224 while losers numbered 186.
SGX Singapore Closing Market Update
SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 4.67 points to 3,349.66.Some 1.63 billion shares, valued at S$1.21 billion were traded.
Gainers numbered 224 while losers numbered 186.
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold prices rose in early Asia on Wednesday with investors focused on U.S. demand ahead of the start of the busy Christmas shopping season this week. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,201.40 a troy ounce, up 0.07%, after hitting an overnight session low of $1,190.60 and off a high of $1,203.00.Overnight, gold prices posted cautious gains in U.S. trading on Tuesday after a soft report on U.S. consumer confidence weakened the dollar, though a robust economic growth report capped the precious metal’s gains.
TRADING STRATEGY :
SELL GOLD BELOW 1191 TARGET 1181 1171 SL 1201
BUY GOLD ABOVE 1205 TARGET 1215 1225 SL 1195
Gold prices rose in early Asia on Wednesday with investors focused on U.S. demand ahead of the start of the busy Christmas shopping season this week. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,201.40 a troy ounce, up 0.07%, after hitting an overnight session low of $1,190.60 and off a high of $1,203.00.Overnight, gold prices posted cautious gains in U.S. trading on Tuesday after a soft report on U.S. consumer confidence weakened the dollar, though a robust economic growth report capped the precious metal’s gains.
TRADING STRATEGY :
SELL GOLD BELOW 1191 TARGET 1181 1171 SL 1201
BUY GOLD ABOVE 1205 TARGET 1215 1225 SL 1195
SGX IForex Recommendations
TRADING TIPS :
EUR/USD was up 0.25% at 1.2472, up from a session low of 1.2403 and off a high of 1.2486. The pair was likely to find support at 1.2372, Monday’s low, and resistance at 1.2600, last Wednesday’s high.The euro firmed against the dollar on Tuesday after a poor U.S. consumer confidence report offset upbeat economic growth data and sent investors selling the greenback for profits.The Conference Board market research group reported earlier that consumer confidence index fell to 88.7 this month from a 94.1 in October, whose figure was revised down from a previously reported 94.5. The dollar has rallied in recent weeks on expectations for U.S. monetary policy to grow less accommodative while European and Asian central banks move in the opposite direction.
INTRADAY OUTLOOK
Support: 1.2440
Resistance: 1.2505
RECOMMENDATION:
1. Buy EUR/USD Above 1.2507-TG:1.2527/1.2557 SL 1.2477
2. Sell EUR/USD Below 1.2438-TG:1.2418/1.2388 SL 1.2468
INTRADAY OUTLOOK
Immediate Support: 117.64
Immediate Resistance: 118.11
RECOMMENDATION:
1. Buy USD/JPY Above 118.13-TG:118.33/118.63 SL 117.83
2. Sell USD/JPY Below 117.62-TG:117.42/117.12 SL 117.92
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