Daily Archives: March 18, 2016


Comex Trading Signals and Market News – 18 March 2016


  • Copper prices fell by 0.13 per cent on Wednesday after the US retail sales fell less than expected in February but a sharp downward revision to January’s data could reignite concerns about the economy’s growth prospects which reduced the demand outlook for the metal. Retail sales dipped 0.1 percent last month as automobile purchases fell and cheaper gasoline undercut receipts at service stations.
  • Oil rose above $41 a barrel on Thursday, trading close to a 2016 high, bolstered by a plan among some of the world’s biggest producers to meet next month to discuss supporting the market.OPEC and non-OPEC producers including the top two exporters, Saudi Arabia and Russia, will meet on April 17 in Qatar over a plan to freeze output, increasing the likelihood of the first global supply deal in 15 years.
  • Gold futures held on to strong overnight gains in European trade on Thursday, after the Federal Reserve kept    interest rates unchanged and indicated just two more rate hikes this year instead of the four expected. Gold for April delivery on the Comex division of the New York Mercantile Exchange jumped $37.00, or
    3.01%, to trade at $1,266.80 a troy ounce by 08:05GMT, or 4:05AM ET.


  • Bank of Japan Governor Haruhiko Kuroda said on Thursday that inflation had slowed temporarily due to declines in oil prices but that the overall price trend was improving excluding oil.Kuroda, speaking in the upper house budget committee, also said the BOJ was still only about halfway towards meeting its 2 percent price target.
  • Federal Reserve policymakers urging caution over interest rate hikes have gained the upper hand in the central bank’s internal debate, but the risk for the U.S. economy is that they are wrong to downplay a recent rise in inflation. In words that echo those of colleagues on the Fed’s dovish wing, Fed Chair Janet Yellen told a news conference on Wednesday that “caution is appropriate” when it comes to raising interest rates. She said she was not convinced underlying inflation had accelerated.
  • Declines in China’s foreign trade will ease after March, though trade conditions are expected to be more severe this year than in 2015, a spokesman at the Commerce Ministry said on Wednesday, “There is increasing growth momentum in foreign trade,” Shen Danyang told reporters in Beijing. “We expect declines in trade will gradually ease after March.”


  • BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1264
  • SELL GOLD BELOW 1263 TARGET 1258 1252 SL 1269

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IForex Market Trading Signals and News – 18 March 2016


  • Forex -Dollar weakens further after Fed’s retreat
  • Forex -Swiss franc ticks lower against euro after SNB stands pat
  • Forex-Aussie, kiwi sharply higher vs. greenback after Fed statement

The single currency is extending its march north on Thursday, now lifting EUR/USD to test the vicinity of the 1.1300 handle.The greenback has accelerated its downside momentum following the opening bell in Euroland today, with markets posting moderate gains and the pair navigating fresh peaks in the boundaries of 1.1300 the figure.Later in the session, EMU’s final CPI figures for the month of February are due, followed by US Initial Claims and the Philly Fed survey. However, data releases area likely to be in the back burner as market participants keep digesting the recent dovish statement from the FOMC and crude oil dynamics keep sustaining the risk-on sentiment.

GBP/USD is currrently trading with a strong bullish bias. During the previous trading day, pound rebounded from the level 1.4065, went long an even crossed a short-term resistance level 1.42119. As long as the pair trades above this level, we will look for long positions with an ultimate target at 1.4406. In the meantime, we wait for minor retracements towards 1.42119, or below to 1.4180 for us to go long with our ideal target at 1.4406. We will only go short if the pullback breakout clearly below 1.4180. This pair should be traded alongside EUR/JPY, CHF/JPY, CAD/JPY and GBP/JPY. These pairs have strong positive correlation of up to +0.94 and will likely have a similar price action. Only buy or sell Pound if all the other positively correlated pairs are giving the same signal.


  • BUY GBP/USD ABOVE 1.4320 TARGET 1.4340 1.4370 SL 1.4290
  • SELL GBP/USD BELOW 1.4250 TARGET 1.4230 1.4200 SL 1.4280

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Financial Sgx Singapore Stock Market Trading Picks And News – 18 March 2016


  • The Straits Times Index (STI) ended 35.96 points or 1.26% higher to 2880.17, taking the year-to-date performance to -0.09%.
  • The top active stocks today were DBS, which gained 2.41%, SingTel, which gained 0.53%, OCBC Bank, which gained 1.56%, UOB, which gained 2.18% and Keppel Corp, with a 1.67% advance.
  • The FTSE ST Mid Cap Index gained 0.73%, while the FTSE ST Small Cap Index rose 0.63%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 2.21%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 1.67% higher and 3.28% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.20%. Raffles Medical Group shares remained unchangedand Biosensors International Group declined 0.60%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+1.42%), SPDR Gold Shares (+2.88%), STI ETF (+1.05%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+1.43%), Ascott REIT (+0.47%), Ascendas REIT (unchanged)
  • The most active index warrants by value today were : HSI19600MBePW160428 (-14.43%), HSI21000MBeCW160428 (+11.36%), HSI19800MBeCW160330 (+14.07%)
  • The most active stock warrants by value today were : KepCorp MBeCW161212 (+4.76%), DBS MB eCW160711 (+14.93%), UOB MB eCW160705 (+15.97%)


  • BUY GLOBAL LOGI ABOVE 1.910 TARGET 1.940 1.980 SL 1.830

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