Daily Archives: March 22, 2016


Comex Trading Signals and Market News – 22 March 2016


  • Silver futures retreated during noon trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking weakness in the bullion internationally as a slightly stronger dollar curbed the lure for silver as an alternative asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming bullion demand.
  • Gold futures were lower in European trade on Monday, falling for the second straight session as the U.S. dollar recovered from losses suffered in wake of the Federal Reserve’s dovish statement.The dollar continued to recover from five-month lows as investors closed out bearish bets following an aggressive selloff late last week.
  • Oil prices slid for a second day on Monday, under pressure from signs that some of the nimbler U.S. producers increased drilling last week and from uncertainty surrounding a meeting of the world’s major exporters next month to discuss freezing output.U.S. energy firms last week added one oil rig after 12 weeks of cuts, according to data from industry firm Baker Hughes.


  • China has many policy tools at its disposal to fend off financial risks and will improve its communication with markets, Premier Li Keqiang said on Monday.Li told the visiting International Monetary Fund Managing Director Christine Lagarde that China will not rely on yuan depreciation to spur exports.
  • China agreed on Monday to consider building a railway into Nepal and to start a feasibility study for a free trade agreement with the impoverished, landlocked country, which has been trying to lessen its dependence on its big neighbour to the south, India.The Himalayan nation, that serves as a natural buffer between China and India, adopted its first post-monarchy constitution in September hoping this would usher in peace and stability after years of conflict.
  • U.S. inflation is likely to accelerate in coming years and move toward the Federal Reserve’s 2 percent target, Richmond Fed President Jeffrey Lacker said on Monday, flagging upside risks to price growth.Inflation has been unusually sluggish since the 2007-2009 recession.The Fed has kept interest rates low in part to foster faster price gains and said last week it was likely to raise interest rates more slowly than policymakers had expected in December.


  • BUY GOLD ABOVE 1250 TARGET 1270 1300 SL 1220
  • SELL GOLD BELOW 1240 TARGET 1220 1190 SL 1270

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Forex Signals

IForex Market Trading Signals and News – 22 March 2016


  • Forex -Yen finds favour as Asia’s appetite for risk wanes
  • Forex -Dollar on the back foot, sterling unsettled by politics
  • Forex-U.K. political turmoil hits pound after surprise resignation

EUR/USD is quiet on Monday, as the pair trades at 112.60 in the European session. On the release front, Eurozone Current Account came in at EUR 25.4 billion, short of expectations. Later in the day, the Eurozone releases Consumer Confidence. In the US, the sole event on the schedule is Existing Home Sales, with the markets expecting the indicator to slip to 5.32 million. On Tuesday, we’ll get a look at two key German indicators – Ifo Business Climate and ZEW Economic Sentiment. Weak inflation numbers continue to raise concerns about the health of the Eurozone economy. On Friday, German PPI, which measures inflation in the manufacturing sector, came in at -0.5%, below the forecast of -0.2%. It marked the seventh straight decline for the indicator.

The pound weakened on Monday after Ian Duncan Smith, Secretary of State for Work and Pensions and a big voice in the Conservative party, unexpectedly announced his resignation late Friday over disagreements on a budget he considers to be “deeply unfair”. GBP/USD dropped 0.46% to 1.4415 at 9:34AM GMT, or 5:34AM ETIn a parting statement on Sunday, Duncan Smith explained that his decision was not based on his support for the leave campaign, known as Brexit, with regard to the referendum on Britain’s membership in the European Union (EU) to be held on June 23.He criticized the budget for causing substantial reductions in disability benefits while offering tax cuts for the wealthy.


  • BUY GBP/USD ABOVE 1.4480 TARGET 1.4500 1.4530 SL 1.4450
  • SELL GBP/USD BELOW 1.4370 TARGET 1.4350 1.4320 SL 1.4400

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Financial Sgx Singapore Stock Market Trading Picks And News – 22 March 2016


  • The Straits Times Index (STI) ended 26.11 points or 0.9% lower to 2880.69, taking the year-to-date performance to – 0.07%.
  • The top active stocks today were SingTel, which declined 0.77%, DBS, which declined 1.69%, UOB, which declined 1.40%, OCBC Bank, which declined 1.83% and Keppel Corp, with a 1.47% fall.
  • The FTSE ST Mid Cap Index declined 0.35%, while the FTSE ST Small Cap Index declined 0.89%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.20%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings- ended 1.01% higher and 0.25% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 7.90%. Silverlake Axis shares gained 0.81% and CSE Global declined 2.13%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.07%), STI ETF (-0.69%), DBXT CSI300 ETF 10 (+2.07%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (-0.47%), Capitacom Trust (-0.34%)
  • The most active index warrants by value today were : HSI21000MBeCW160428 (+1.96%), HSI20600MBePW160428 (-8.28%), HSI19600MBePW160428 (-14.67%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-7.14%), UOB MB eCW160705 (-8.96%), KepCorp MBeCW161212 (-2.29%)


  • BUY NOBLE 0.450 TARGET 0.470 0.530 SL 0.385

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