Daily Archives: April 1, 2016


Comex Trading Signals and Market News – 01 April 2016


  • Silver futures climbed during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the precious metal after Chicago Fed President Charles Evans backed Fed Chair Janet Yellen as he expressed concerns over global volatility that could slow US growth diminishing the chances of further rate tightening in the near-term bolstering the lure for the bullion as a store of value.
  • Copper futures fell during noon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid uncertainty over demand from China the world’s biggest metals consuming nation.According to a Bloomberg Intelligence analysis of property data China’s non-industrial use of copper mainly construction has been overstated by nearly 15.5 million metric tons since 2011.
  • Crude oil prices fell by 1.06 per cent on Thursday with US crude hitting the lowest level in more than two weeks amid renewed worries of global oversupply after US crude inventories rose to a record high. That increase came despite seasonal refinery utilization hitting an 11-year high while a rise in the dollar index put further pressure on oil prices.


  • Aboriginal Australians demanded a halt on a A$2.1 billion ($1.6 billion) tram construction project in Sydney after excavators found 20,000 objects potentially linked to one of the country’s first conflicts between its original inhabitants and Europeans.Within months of starting work on the three-year project, a government archaeological consultant said on Thursday that excavators found the trove of stone relics in a small patch of land where a new tram station is planned.
  • India hopes to receive one of the first loans issued by the China-led Asian Infrastructure Investment Bank (AIIB) later this year, as it looks to raise $500 million for solar power projects from the newly created lender, Indian officials said.Funding for clean energy projects would allay fears of environmental lobbyists that the bank’s relaxed lending criteria could promote dirty fuels like coal in developing economies, like India, that are in a hurry to ramp up energy output.
  • Argentina’s Senate gave the green light to a landmark deal to repay creditors holding defaulted debt in the early hours of Thursday, marking the end of a 14-year legal battle that had made the country a global financial pariah. The deal, which had already been approved by the lower house of Congress, is the cornerstone of new President Mauricio Macri’s plan for revitalizing an economy hobbled by low investment, high inflation and precarious central bank reserves.


  • BUY GOLD ABOVE 1237 TARGET 1242 1248 SL BELOW 1232
  • SELL GOLD BELOW 1231 TARGET 1226 1220 SL ABOVE 1236

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IForex Market Trading Signals and News – 01 April 2016


  • Forex – Dollar under pressure, on track for biggest quarterly fall in five years
  • Forex -Dollar slips lower ahead of U.S. jobs data
  • Forex-Dollar on the defensive as Fed’s dovish message hits home

The euro rose to fresh seven-week highs against the weaker dollar on Thursday after data showing that the annual rate of inflation in the euro area fell again in March, but at a slower pace than in the previous month.EUR/USD hit highs of 1.1370, the most since February 11, up from around 1.1355 ahead of the data.The annual rate of consumer inflation fell 0.1% in March Eurostat said, after an annualized 0.2% fall in February. The European Central Bank targets inflation of close to, but just below 2%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was close to five-month lows at 94.64.The greenback remained on the defensive as investors pushed back expectations for a near-term rate hike by the Federal Reserve in the wake of dovish comments by Fed Chair Janet Yellen.

Sterling edged up against the dollar on Thursday after data showing that the U.K. economy grew at a faster than expected pace in the final quarter of 2015, but the nation’s current account deficit rose to a record high.GBP/USD touched highs of 1.4396, up from around 1.4359 ahead of the data.The Office of National Statistics said gross domestic product rose by 0.6% in the three months to December, up from last month’s estimate of 0.5% growth. Economists had expected no change.The U.K. economy expanded 2.1% on a year-over-year basis, better than the initial estimate of 1.9%. Again, economists had expected an unchanged reading.The dominant service sector grew by 0.8% the ONS said. Industrial production shrank by 0.4%, with manufacturing expanding just 0.1%.


  • BUY GBP/USD ABOVE 1.4396 TARGET 1.4416 1.4446 SL BELOW 1.4366
  • SELL GBP/USD BELOW 1.4360 TARGET 1.4340 1.4310 SL ABOVE 1.4390

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Financial Sgx Singapore Stock Market Trading Picks And News – 01 April 2016


  • The Straits Times Index (STI) ended 31.88 points or 1.11% lower to 2840.9, taking the year-to-date performance to -1.45%.
  • The top active stocks today were SingTel, which declined 0.78%, OCBC Bank, which declined 1.23%, DBS, which declined 0.71%, UOB, which declined 0.95% and ComfortDelGro, with a 1.02% fall.
  • The FTSE ST Mid Cap Index declined 0.91%, while the FTSE ST Small Cap Index declined 0.49%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.17%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended unchanged and 1.70% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.14%. Keppel Corp shares declined 2.35% and Sembcorp Industries declined 1.95%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.90%), Ishares USD Asia Bond ETF (-0.38%), STI ETF (-0.69%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.83%), Capitamall Trust (-1.42%), Capitacom Trust (-2.00%)
  • The most active index warrants by value today were : HSI21000MBeCW160428 (-11.22%), HSI20600MBePW160428 (+5.94%), HSI20800UBePW160428 (+0.89%).
  • The most active stock warrants by value today were : DBS MB eCW160711 (-5.30%), DBS MB ePW161003 (+1.28%), DBS VT eCW160916 (-4.19%).


  • BUY REX INTL AT 0.120-0.121 TARGET 0.126 0.132 SL 0.112

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