Volume was 68.6 million shares worth S$116 million.
Gainers numbered 72 while losers numbered 59.
SGX Singapore Opening Market Update
Volume was 68.6 million shares worth S$116 million.
Gainers numbered 72 while losers numbered 59.
SGX Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold prices dipped in Asia on Wednesday as investors awaited fresh cues on the dollar and holiday demand. On the Comex division of the New York Mercantile Exchange , Gold future for February delivery traded at $1,196.80 a troy ounce, down 0.13%, after hitting an overnight session low of $1,191.80 and off a high of $1,212.50. Overnight, gold futures dropped on Tuesday after the dollar firmed on news that U.S. construction activity saw an uptick in November, which boosted demand for the dollar. Gold prices tumbled sharply on Tuesday, as a broadly stronger U.S. dollar dampened the appeal of the precious metal.
TRADING STRATEGY :
BUY GOLD ABOVE 1203.5 TARGET 1208.5 1214.5 SL 1197.5
SELL GOLD BELOW 1191.5 TARGET 1186.5 1180.5 SL 1197.5
Gold prices dipped in Asia on Wednesday as investors awaited fresh cues on the dollar and holiday demand. On the Comex division of the New York Mercantile Exchange , Gold future for February delivery traded at $1,196.80 a troy ounce, down 0.13%, after hitting an overnight session low of $1,191.80 and off a high of $1,212.50. Overnight, gold futures dropped on Tuesday after the dollar firmed on news that U.S. construction activity saw an uptick in November, which boosted demand for the dollar. Gold prices tumbled sharply on Tuesday, as a broadly stronger U.S. dollar dampened the appeal of the precious metal.
TRADING STRATEGY :
BUY GOLD ABOVE 1203.5 TARGET 1208.5 1214.5 SL 1197.5
SELL GOLD BELOW 1191.5 TARGET 1186.5 1180.5 SL 1197.5
SGX IForex Recommendations
TRADING TIPS :
EUR/USD was down 0.67% at 1.2387, up from a session low of 1.2386 and off a high of 1.2507.The pair was likely to find support at 1.2357, the low from Nov. 24, and resistance at 1.2507, Monday’s high. The euro weakened against the dollar on Tuesday after investors sold the currency and jumped to the sidelines to await the European Central Bank’s decision on interest rates and monetary policy later this week. The European Central Bank will announce its latest decision on monetary policy this Thursday, and investors avoided the euro ahead of time on uncertainty as to whether monetary authorities will announce fresh stimulus measures.
INTRADAY OUTLOOK
Support: 1.2345
Resistance: 1.2499
RECOMMENDATION:
1. Buy EUR/USD Above 1.2500-TG:1.2520/1.2550 SL 1.2470
2. Sell EUR/USD Below 1.2342-TG:1.2322/1.2292 SL 1.2372
INTRADAY OUTLOOK
Immediate Support: 119.12
Immediate Resistance: 119.66
RECOMMENDATION:
1. Buy USD/JPY Above 119.68-TG:119.88/120.18 SL 119.38
2. Sell USD/JPY Below 119.10-TG:118.90/118.60 SL 119.40
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