Comex Trading Signals and Market News – 16 March 2016


  • Silver futures retreated during noon trade in the domestic market on Tuesday as investors and speculators stuck to a cautious stance ahead of the start of the two-day US Federal Reserve monetary policy meet in which the world’s top central bank may offer some cues over the path to raising interest rates further following a maiden rise in borrowing costs since 2006 in December.
  • Copper futures prices slipped by 0.34 per cent on Tuesday at the Multi Commodity Exchange (MCX) as traders trimmed their bets amid subdued demand from consuming industries at the spot market. The weak cues from global markets also weighed on market sentiments.
  • Crude oil prices dropped by 0.84 per cent on Tuesday ahead of industry estimates of US stockpiles and continued back-and-forth over prospects for an output freeze by key producers. Ahead the American Petroleum Institute will detail estimates of crude oil and refined product stockpiles as of last week. On Wednesday more closely-watched figures from the US Department of Energy are due.


  • China’s central bank is studying the introduction of a tax on currency transactions in an effort to curb speculation in the foreign exchange markets, Bloomberg reported on Tuesday citing unnamed sources. The rate of the so-called Tobin tax could be kept at zero initially while the new rule awaits central government approval, Bloomberg reported.
  • Indonesia’s growth rate will modestly accelerate in 2016 after slowing for several years amid higher public investment spending and improved sentiment towards reforms in Southeast Asia’s largest economy, the International Monetary Fund said on Monday.In its annual policy review, the IMF forecast Indonesia’s 2016 real gross domestic product growth at 4.9 percent, up from 4.7 percent in 2015 and 5.0 percent in 2014.
  • Australia’s Prime Minister Malcolm Turnbull said on Tuesday his government will this week introduce legislation to stimulate greater investment in startups – as Australia looks to transition its economy away from a slowing mining sector.Australia has proposed amended tax laws that would allow retail investors a 20 percent income tax rebate, capped at $200,000 per year on any startup investments, while a 10 percent tax rebate for venture capital investors in established start-ups wishing to expand will also be permitted.


  • BUY GOLD ABOVE 1250 TARGET 1255 1261 SL 1244
  • SELL GOLD BELOW 1230 TARGET 1225 1219 SL 1236

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

Share this Story

About epicsingapore

Leave a Reply

Your email address will not be published. Required fields are marked *


© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.