Daily Archives: April 7, 2016


Comex Trading Signals and Market News – 07 April 2016


  • Gold prices were trading flat on Wednesday with investors keyed to Federal Reserve remarks ahead. Investors also await a wave of public comments from key Federal Reserve policymakers including Yellen on Thursday for further signals on the pace of the Fed’s current tightening cycle.
  • Crude oil prices rose by 3.19 per cent on Wednesday after a bullish US industry group inventory estimate showed a sharp drop in stocks and an upbeat services PMI from China. The American Petroleum Institute said crude oil stock fell 4.3 million barrels at the end of last week while distillates stocks rose 2.7 million barrels and gasoline stock fell 116000 barrels.
  • Natural Gas futures fell by 3 per cent in the domestic market on Tuesday reversing Monday’s rally which was driven by hopes that a surprise cold snap may bolster the demand for the heating fuel in the US the world’s biggest gas consumer.Traders were cautious ahead of the weekly US supplies data which may offer a further insight into the state of demand for the energy commodity in the US.


  • China’s exports likely returned to growth for the first time in nine months in March while the pace of bank lending may have picked up, adding to signs that the world’s second-largest economy may be stabilizing. Chinese leaders have pledged to make monetary policy more flexible this year even as it leans more on increased fiscal spending and tax cuts to support economic growth and cushion the pain from structural reforms.
  • Conditions are in place for the Indian economy to start growing faster in the next few quarters as banks pass on its rate cuts to their borrowers, Reserve Bank of India Governor Raghuram Rajan told Bloomberg TV in an interview on Wednesday.Still, Rajan left open the prospect for more easing should inflation conditions allow it, though he added that inflation in services, education and health care had not yet eased “dramatically.”
  • A top Australian central banker on Wednesday reiterated that a wide range of information suggested inflation was likely to remain low over the next couple of years, in part due to spare capacity globally. The comments underline the message from the Reserve Bank of Australia’s (RBA) April policy meeting that the country’s low inflation would provide scope for a further cut in interest rates if needed to support the economy.


  • BUY GOLD ABOVE 1228 TARGET 1233 1239 SL 1223
  • SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1228

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IForex Market Trading Signals and News – 07 April 2016


  • Forex -Aussie edges higher, kiwi holds steady in late trade
  • Forex -Dollar hovering near 17-month lows against yen
  • Forex- Yen holds strong after Japan PM’s currency comments

The EUR/USD 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 GBPUSD pair provided more of the negative trading yesterday to settle at the bullish channel’s support level that appears in the image, where it closed the daily candlestick above this support that located now at 1.4155, which keeps the chances valid for resuming the bullish trend on the intraday basis, to target visiting the main bearish channel’s resistance at 1.4465.Stochastic positivity supports our expectations to rise, taking into consideration that breaking 1.4155 level and holding below it will lead the price to achieve more of the downside moves and target 1.4000 then 1.3800 level on the near term basis. Expected trading range for today is between 1.4080 support and 1.4300 resistance.


  • BUY GBP/USD ABOVE 1.4125 TARGET 1.4145 1.4175 SL 1.4095
  • SELL GBP/USD BELOW 1.4090 TARGET 1.4070 1.4040 SL 1.4120

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Financial Sgx Singapore Stock Market Trading Picks And News – 07 April 2016


  • The Straits Times Index (STI) ended 10.33 points or 0.37% higher to 2811.25, taking the year-to-date performance to -2.48%.
  • The top active stocks today were SingTel, which gained 0.80%, HongkongLand USD, which gained 1.72%, DBS, which declined 0.13%, UOB, which gained 0.70% and Noble, with a 1.19% advance.
  • The FTSE ST Mid Cap Index declined 0.02%, while the FTSE ST Small Cap Index rose 0.13%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 1.63%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 1.80% higher and 0.35% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.80%. Raffles Medical Group shares declined 1.32% and Biosensors International Group remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.71%), DBXT S&P/Asx 200 ETF (unchanged), IS MSCI India 100 (-0.31%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.25%), Capitamall Trust (+1.93%), Suntec REIT (+0.61%)
  • The most active index warrants by value today were : HSI20600MBePW160428 (-3.85%), HSI20200MBeCW160428 (+5.16%), HSI19600MBePW160428 (-10.45%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-0.99%), UOB MB eCW160705 (+5.88%), DBS MB ePW161003 (-0.59%).


  • BUY EZRA ABOVE 0.102 TGT 0.106 0.109 SL 0.097

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