Daily Archives: April 12, 2016


Comex Trading Signals and Market News – 12 April 2016


  • Crude oil prices rose by 0.30 per cent on Monday after a drop in US inventories and drilling while outages and hopes that exporters could freeze output also supported prices. Oil futures were further supported as analysts forecast that global oil demand could accelerate helping tighten a market that has suffered from oversupply since mid-2014.
  • Gold prices gained 0.27 per cent on Monday as consumer prices eased in China last month and investors eyed easier monetary policy. Consumer prices for March in China fell 0.4 per cent more than the expected 0.3 per cent decline month-on-month and up 2.3 per cent year-on-year less than the 2.5 per cent gain seen according to official data released on Monday.
  • Oil prices slipped on Monday over worries that the result of next Sunday’s meeting of producers in Qatar aimed at freezing current output levels would fail to improve the current supply-demand balance. Brent crude futures, the global benchmark, were down 27 cents at $41.67 a barrel at 0810 GMT, retreating from a three-week high reached on Friday.


  • Greece and international lenders made progress over the weekend in talks on the Greek bailout reforms but negotiations are still ongoing, the European Commission said on Monday.”Progress has been made over the weekend. Talks are continuing in Athens today,” a Commission spokeswoman told reporters in Brussels.
  • Reserve Bank of India Governor Raghuram Rajan said on Monday the central bank holds government bonds worth 8 trillion rupees ($120.54 billion) alongside record-high foreign exchange reserves.The number provides some clarity given the central bank does not disclose the amount of its debt holdings.Rajan made the comment in a speech at an event featuring bankers and start-up executives, in which he discussed that the central bank had plenty of funds at its disposal.
  • The Philippines must make sure casinos are covered by anti-money laundering legislation, the World Bank said on Monday, joining calls for the government to better regulate its gambling industry after stolen millions from Bangladesh found their way to Manila.A Philippine panel is trying to fathom how $81 million hacked in February from the New York Federal Reserve account of Bangladesh’s central bank wound up with two casinos and a junket operator in the Philippines in one of the biggest cyber heists in history.


  • BUY GOLD ABOVE 1253 TGT 1258 1264 SL BELOW 1247
  • SELL GOLD BELOW 1243 TGT 1238 1232SL ABOVE 1249

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IForex Market Trading Signals and News – 12 April 2016


  • Forex -Aussie, Kiwi hold steady, eyes on Fed announcement
  • Forex -Yen reverses early weakness, gains in Asia, China CPI noted
  • Forex- Dollar hits fresh 17-month lows against yen

The single currency has now come under renewed selling pressure, dragging EUR/USD to the area of session lows near 1.1380.Spot has given away recent gains and returned to sub-1.1400 levels at the beginning of the week following a positive start of equity markets in the Old Continent. Later in the day, market participants will remain wary of the unexpected closed meeting between Fed governors with fund rates on top of the agenda on an otherwise empty calendar in both Euroland and the US. The pair is now losing 0.11% at 1.1389 facing the next support at 1.1325 (low Apr.6) ahead of 1.1305 (23.6% Fibo of 1.0820-1.1455) and finally 1.1151 (55-day sma). On the other hand, a break above 1.1454 (2016 high Apr.7) would target 1.1496 (monthly high Oct.15 2015) en route to 1.1713 (high Aug.24 2015).

The Cable was highly volatile last week, reaching a high of 1.4319 and a low of 1.4004. The overall bias remains bearish in the near-term, though the bulls are not keeping their fingers crossed this time around. They would most probably effect a rally, which would jeopardize the current bearish bias, especially when the distribution territory at 1.4400 is overcome. This would require a strong rally, which would occur because the outlook on GBP pairs is bright for this week. GBP/USD is currently doing some corrective moves above the support zone of 1.4118, after a rebound that was made around the 1.4062 price level. The bullish move can be extended and the price could go towards the 200 SMA on the H1 chart, where a pullback can happen to resume the bearish bias. The MACD indicator is favoring the corrective scenario as it stays above the positive territory.


  • BUY GBP/USD ABOVE 1.4227 TARGET 1.4147 1.4087 SL 1.4087
  • SELL GBP/USD BELOW 1.4140 TARGET 1.4120 1.4090 SL 1.4170

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Financial Sgx Singapore Stock Market Trading Picks And News – 12 April 2016


  • The Straits Times Index (STI) ended 0.92 points or 0.03% higher to 2809.24, taking the year-to-date performance to -2.55%.
  • The top active stocks today were SingTel, which declined 1.35%, DBS, which gained 0.40%, CapitaLand, which gained 1.34%, OCBC Bank, which gained 1.03% and Keppel Corp, with a 0.52% advance.
  • The FTSE ST Mid Cap Index declined 0.13%, while the FTSE ST Small Cap Index declined 0.44%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 0.57%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended unchanged and closed unchanged respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.27%. SingTel shares declined 1.35% and StarHub declined 0.30%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.06%), STI ETF (unchanged), DBXT S&P 500 Short ETF 10 (+0.38%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.68%), Capitamall Trust (-0.47%), Suntec REIT (unchanged)
  • The most active index warrants by value today were : HSI20600MBeCW160530 (+6.90%), HSI21000MBeCW160428 (unchanged), HSI20000MBePW160629 (-8.03%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+1.04%), DBS MB ePW161003 (-2.41%), NKY 15500MBePW160610 (unchanged).


  • BUY FEDERAL INTL ABOVE 0.250 TARGET 0.270 0.300 SL 0.225

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