Daily Archives: April 5, 2016


Comex Trading Signals and Market News – 05 April 2016


  • Gold prices rose by 0.14 per cent on Monday as a weaker dollar raised the appeal of gold as an alternative asset. Weaker greenback makes the bullion cheaper for those holding other currencies thus increasing demand. At the MCX Gold futures for April 2016 contract is trading at Rs 28080 per 10 gram up by 0.14 per cent after opening at Rs 28080 against the previous closing price of Rs 28040. It touched the intra-day high of Rs 28123.
  •  Copper futures retreated during noon trade in the domestic market on Monday tracking a bearish global trend as robust US jobs data for March raised concerns that the US Federal Reserve may hike interest rates in the near-term while worries over the demand outlook from China the world’s biggest metals consuming nation remained.
  • Crude oil prices fell by 1.83 per cent on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to fade while stubbornly high US output and worries about Asia’s economic outlook also dragged on prices. At the MCX crude oil futures for April 2016 contract were trading at Rs. 2418 per barrel down by 1.83 per cent after opening at Rs. 2457 against the previous closing price of Rs. 2463.


  • Foreign direct investment (FDI) in Myanmar in the fiscal year ending in March grew to nearly $9 billion, a government official said on Monday, after a rush of last-minute approvals before the handover of power to Aung San Suu Kyi’s administration.The figure, a record high, rose by about $1 billion compared with the previous fiscal year, fueled by investment in the energy, manufacturing and telecoms sectors, San Myint, an official at the Directorate of Investment and Company Administration, told Reuters.
  • Standard and Poor’s (S&P) chief sovereign ratings officer Moritz Kraemer repeated his warning that if the U.K. decided to leave the European Union (EU), known as a Brexit, in the June 23 referendum, the country’s triple-A rating would be at risk.“Given the U.K.’s deep political, financial and trading ties in Europe, an exit would be much more fraught, and the risks, when it comes to its credit worthiness, are therefore considerably higher,” Kraemer explained in an opinion piece written for Politico.
  • Greece’s bailout review must be concluded immediately, Greek Prime Minister Alexis Tsipras’ office said on Monday, as talks on the country’s fiscal progress resumed amid tension after a leaked transcript detailing IMF mooted tactics to get a deal.”The negotiation must be concluded immediately, without unrealistic demands for additional measures beyond those set out in the July bailout agreement,” Tsipras’ office said.


  • BUY GOLD ABOVE 1218 TARGET 1223 1229 SL 1212
  • SELL GOLD BELOW 1214 TARGET 1209 1203 SL 1220

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IForex Market Trading Signals and News – 05 April 2016


  • Forex -Aussie, kiwi decline vs. greenback in late trade
  • Forex -Dollar rises vs. rivals but remains near 5-1/2 month trough
  • Forex-Dollar struggles to recover after worst week in two months

The euro is flat on Monday, as EUR/USD is trading at 1.1370 in the European session. On the release front, Eurozone Unemployment Rate remained at 10.3%, matching the forecast. Spanish Unemployment Change was excellent, posting a sharp decline of 58.2 thousand. This was the indicator’s strongest reading in seven months. Eurozone Sentix Investor Confidence improved slightly to 5.7 points, but this was well short of the estimate of 6.9 points. In the US, it’s a quiet start to the week, with no major releases on the schedule.The US dollar suffered its worst week in two months, as EUR/USD surged some 230 points. The euro took full advantage of Janet Yellen’s very dovish comments last week at a speech in New York. Yellen warned of risks to the US economy from uncertainty in the global markets and the slowdown in China, and poured cold water on speculation of an April rate hike.

The pound edged lower against the U.S. dollar on Monday but the greenback remained under pressure after Friday’s strong U.S. jobs report did little to alter the view that the Federal Reserve will stick to a cautious approach on rate hikes.GBP/USD touched lows of 1.4201 and was last at 1.4198, off 0.18% for the day. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.18% at 94.75, holding above last Thursday’s five-and-a-half month lows of 94.31.The index ended the previous week down 1.65% after Fed Chair Janet Yellen said global risks to the U.S. economy justified taking a cautious approach to raising interest rates.The dollar found some support after Friday’s nonfarm payrolls report showed that the U.S. economy added a larger-than-expected 215,000 jobs last month.


  • BUY GBP/USD ABOVE 1.4240 TARGET 1.4260 1.4290 SL 1.4210
  • SELL GBP/USD BELOW 1.4200 TARGET 1.4180 1.4150 SL 1.4230

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Financial Sgx Singapore Stock Market Trading Picks And News – 05 April 2016


  • The Straits Times Index (STI) ended 16.86 points or 0.6% higher to 2835.35, taking the year-to-date performance to -1.64%.
  • The top active stocks today were SingTel, which gained 1.33%, DBS, which declined 0.26%, Global Logistic, which gained 2.58%, UOB, which gained 0.37% and Keppel Corp, with a 1.38% fall.
  • The FTSE ST Mid Cap Index gained 0.07%, while the FTSE ST Small Cap Index declined 0.20%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 1.27%. The two biggest stocks of the Index – Hongkong Land Holdings and Global Logistic Properties – ended 0.51% higher and 2.58% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.27%. Keppel Corp shares declined 1.38% and Sembcorp Industries remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.34%), DBXT Stoxx Glob Div 100 ETF 10 (-2.54%), ZSTI ETF (+0.71%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.96%), Ascendas REIT (+1.26%), Capitacom Trust (-0.34%)
  • The most active index warrant by value today was : STI 2800MBePW160429 (-17.07%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-1.79%), DBS MB ePW161003 (-0.61%), KepCorp MBeCW161212 (-5.71%).


  • BUY SABANA SHARIAH ABOVE 0.640 TARGET 0.670 0.720 SL 0.600

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