Daily Archives: March 28, 2016


Comex Trading Signals and Market News – 28 March 2016


  • Copper prices fell by 0.09 per cent on Wednesday after US home resales fell sharply in February in a potentially troubling sign for America’s economy signaling a weak housing market in US world’s largest economy which reduced the demand outlook for the metal.At the MCX copper futures for April 2016 contract were trading at Rs.338.85 per 1 kg down by 0.09 per cent after opening at Rs. 338.50 against the previous closing price of Rs. 339.15.
  • Crude oil prices drifted lower in light trade on Friday in Asia with many markets shut globally to mark Good Friday. On the New York Mercantile Exchange, WTI crude for May delivery was last quoted at $39.59 a barrel. Data on U.S. rig counts from Baker Hughes normally released on Friday is unlikely with the U.S. on a public holiday.
  • U.S. natural gas futures turned higher in North American trade on Thursday, reversing losses after data showed U.S. natural gas supplies in storage rose less than expected last week.Natural gas for delivery in April on the New York Mercantile Exchange tacked on 0.6 cents, or 0.33%, to trade at $1.800 per million British thermal units by 4:35GMT, or 10:35AM ET.


  • Japan’s consumer inflation was flat in the year to February as low energy costs and weak consumption put a lid on price growth, government data showed on Friday, keeping the central bank under pressure to top up stimulus although it eased policy less than two months ago.A separate BOJ index calculated by the central bank to strip out the effects of energy and fresh food prices showed consumer inflation at 1.1 percent in the year to February, unchanged from January.
  • Municipal authorities in Shanghai tightened mortgage down payment requirements for second home purchases on Friday, in a move to cool an overheating property market and reduce fears of a bubble.Senior Chinese leaders raised concerns about the country’s overheated housing market during an annual parliament meeting this month, and Shanghai is the biggest city to take action in the wake of the National People’s Congress, which ended a week ago.
  • China’s yuan will come under renewed downward pressure if the U.S. dollar rises significantly in coming months, a policy adviser to the People’s Bank of China said on Friday.Huang Yiping, a professor at Peking University and a  member of the central bank’s monetary policy committee, also said the central bank was managing the yuan against a basket of currencies including the dollar, not again the dollar alone, reaffirming the official stance.


  • BUY GOLD ABOVE 1226 TARGET 1231 1240 SL 1220
  • SELL GOLD BELOW 1215 TARGET 1210 1200 SL 1222

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IForex Market Trading Signals and News – 28 March 2016


  • Forex – Yen weaker after CPI comes in flat for February
  • Forex -Dollar poised for weekly gain after Fed officials signal rate hikes
  • Forex-Dollar on track for 1 pct weekly gain, sterling down 2.4 pct

EUR/USD fell mildly on Thursday to close lower for a fifth consecutive session, amid soft durable goods orders in the U.S. and further indications that the Federal Reserve could increase the pace of its first tightening cycle in nearly a decade.The currency pair traded in a tight range between 1.1146 and 1.1187, before closing at 1.1175, down 0.04% on the session. Since surging to five-month highs last week, the euro has fallen more than 1.25% against the dollar. At session-lows, the euro dropped to its lowest level since the Fed rattled currency markets worldwide last week by unexpectedly reducing its interest rate forecast for the next three years. More broadly, the euro is down by roughly 1% over the last six weeks. EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.

GBPUSD is currently trading with a bearish bias. During the previous intraday, pound traded perfectly short as previous forecasted and ended up rebounding from the zone 1.4079-1.4059. In the meantime, we sit on the sidelines and wait for a clear break below 1.4059 for us to continue short with our target at 1.385. A clear rebound from this zone will mean looking for long positions with our target at 1.4270. This pair should be traded alongside EUR/USD. These pairs have a strong positive correlation of up to +0.89 and will thus likely move in a similar direction during this intraday. Only buy or sell Pound if the other positive correlated pair is giving the same signal. Conservative traders should wait for a clear breakout below 1.4059 to go short with their target at 1.385. A clear rebound from the zone 1.4079-1.4059 would mean looking for long positions with our ultimate target 1.4270. If the price rebounds from this zone, then its wise to wait for a break above 1.4176 to confirm the anticipated upward rally.


  • BUY GBP/USD ABOVE 1.4180 TARGET 1.4200 1.4230 SL 1.4140
  • SELL GBP/USD BELOW 1.4100 TARGET 1.4080 1.4040 SL 1.4130

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Financial Sgx Singapore Stock Market Trading Picks And News – 28 March 2016


  • The Straits Times Index (STI) ended 34.59 points or 1.2% lower to 2847.39, taking the year-to-date performance to -1.23%.
  • The top active stocks today were DBS, which declined 1.48%, UOB, which declined 1.22%, OCBC Bank, which declined 2.62%, SingTel, which declined 0.26% and Keppel Corp, with a 2.82% fall.
  • The FTSE ST Mid Cap Index declined 0.69%, while the FTSE ST Small Cap Index declined 0.99%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.43%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 0.30% lower and 2.07% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.49%. Keppel Corp shares declined 2.82% and Sembcorp Industries declined 5.27%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.30%), SPDR Gold Shares (-1.56%), STI ETF (-1.38%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.63%), Capitamall Trust (-1.38%), Capitacom Trust (-0.68%)
  • The most active index warrants by value today were : HSI20000MBePW160629 (+11.19%), HSI20000VTeCW160428 (-16.58%), HSI19200MBePW160530 (+17.58%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-11.97%), UOB MB eCW160705 (-9.09%), DBS VT eCW160916 (-9.50%).


  • BUY INNOVALUES ABOVE 0.805 TARGET 0.830 0.870 SL 0.770

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