Daily Archives: April 6, 2016


Comex Trading Signals and Market News – 06 April 2016


  • Gold prices rose by 0.82 per cent on Tuesday as investors await clearer signals on interest rates this week. Investors in Asia await the release of China’s monthly Caixin Services PMI index in March for further indications on the health of the struggling manufacturing sector in the world’s second-largest economy.
  • Crude oil prices fell by 1.38 per cent on Tuesday as a bearish drumbeat of oversupply weighs on sentiment. Traders responded to a bearish note from BNP Paribas on the increased likelihood that oil could retest yearly lows amid signals of mounting stockpiles worldwide. At the MCX crude oil futures for April 2016 contract were trading at Rs. 2367 per barrel down by 1.38 per cent after opening at Rs. 2380 against the previous closing price of Rs. 2400.
  • Natural Gas futures jumped by more than 3 per cent in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking a bullish trend internationally where prices rose to an eight-week high on hopes that unseasonably cold weather in parts of the US may bolster demand for the heating fuel and ease a supply glut.


  • Reserve Bank of India Governor Raghuram Rajan said on Tuesday the focus should be on how to ensure banks bring down their lending rates, rather than on debating how many rate cuts the central bank should be delivering.”It’s important not to fixate with the 25 basis point or 50 basis point (rate cut) or whatever number one thought was possible, but to focus on the process by which lower rates are being transmitted into the market which should be extremely helpful,” Rajan told analysts during a teleconference.
  • Australia’s student housing market is shaping up to be the next big thing as an influx of foreign scholars entices investors into a neglected sector, reinvigorating a home building boom that is providing vital support to the wider economy.An English-speaking country at the doorstep of Asia and offering an enviable quality of life, Australia now sits with the United States and United Kingdom as a top destination for foreign students.
  • Germany has failed to take advantage of cheap borrowing costs to boost investment that is essential to longer-term economic growth, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday. In an economic survey, the Paris-based OECD also said weakness among Germany’s trading partners could weigh on consumer confidence, which is crucial to supporting the private consumption on which the economy is increasingly reliant.


  • BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
  • SELL GOLD BELOW 1228 TARGET 1223 1216 SL 1234

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IForex Market Trading Signals and News – 06 April 2016


  • Forex -Sterling remains lower as UK service sector still sluggish
  • Forex -Dollar edges higher ahead of U.S. data
  • Forex-Yen hits 17-month high vs dollar as risk sentiment sours

The EURUSD pair moves in sideways and tight track settled near 1.1400, where it faces a strong resistance at 1.1420, and the price needs to breach this level to ease the mission of visiting our next main target that located at 1.1494.In general, the bullish trend scenario remains valid and active on the short term basis, organized within the bullish channel that appears in the above chart, supported by the EMA50, pointing that breaching the targeted level will extend the gains to reach 1.1650 as a next main target, while the price needs to settle above 1.1264 for the continuation of the positive expectations.Expected trading range for today is between 1.1300 support and 1.1520 resistance.

The pound remained slightly lower against the dollar on Tuesday after data showing that activity in the U.K. service sector picked up slightly in March, but remained subdued. GBP/USD was last down 0.23% at 1.4227 from around 1.4220 ahead of the report. The Markit services purchasing managers index came in at 53.7 in March, up from February’s near three year low of 52.7 and matching economists’ expectations.On the index, a level above 50.0 indicates expansion in the industry, below 50.0 indicates contraction.Despite the slight advance from February levels, March rounded off the weakest quarter of output growth in the British services sector since the first quarter of 2013.The data also revealed the slowest increase in new business since January 2013.


  • BUY GBP/USD ABOVE 1.4235 TARGET 1.4255 1.4285 SL 1.4205
  • SELL GBP/USD BELOW 1.4190 TARGET 1.4170 1.4140 SL 1.4220

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Financial Sgx Singapore Stock Market Trading Picks And News – 06 April 2016


  • The Straits Times Index (STI) ended 34.43 points or 1.21% lower to 2800.92, taking the year-to-date performance to -2.84%.
  • The top active stocks today were DBS, which declined 0.79%, SingTel, which declined 1.58%, UOB, which declined 1.33%, OCBC Bank, which declined 1.24% and Global Logistic, with a 2.27% fall.
  • The FTSE ST Mid Cap Index declined 0.22%, while the FTSE ST Small Cap Index declined 0.58%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 0.40%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 2.06% higher and 0.51% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.00%. Keppel Corp shares declined 2.63% and Sembcorp Industries declined 3.36%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.42%), STI ETF (-1.75%), Lyxor China H 10 (-3.68%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.42%), Capitamall Trust (-1.43%), Capitacom Trust (-0.35%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (-17.24%), HSI20600MBePW160428 (+22.84%), HSI19600MBePW160428 (+24.07%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-8.18%), UOB VT eCW160916 (-8.67%), KepCorp MBeCW161212 (-11.11%).


  • BUY RIVER STONE ABOVE 0.965 TARGET 0.990 1.025 SL 0.930

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