Daily Archives: April 18, 2016


Comex Trading Signals and Market News – 18 April 2016


  • Gold prices regained some ground in European morning hours on Friday, after hitting one-week lows in the previous session due to a stronger U.S. dollar, as the release of upbeat data Chinese economic growth boosted demand for the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were up 0.38% at $1,231.10.
  • Crude oil prices gained in Asia on Friday as China GDP data met expectations, though clocked the weakest annual pace since 2009. On the New York Mercantile Exchange, WTI crude for May delivery rose 0.19% to $41.58 a barrel. Brent crude was up 0.09% to $43.89 a barrel.
  • Copper prices rose by 3.97 per cent on Wednesday after China’s exports in March returned to growth for the first time in nine months adding to further signs of stabilization in the world’s second-largest economy that cheered regional investors which raised the demand outlook for the metal. March exports rose a blistering 11.5 percent from a year earlier the first increase since June and the largest percentage rise since February 2015.


  • It is lackluster demand that is holding back the euro zone economy, not availability of credit, an overwhelming majority of forecasters polled by Reuters said, adding that the European Central Bank won’t cut negative deposit rate any further.The latest survey results underscored the view that there are limits to how much more monetary policy can do after the ECB surprised in March with a volley of interest rate cuts, additional monthly bond purchases and more cheap loans for banks designed as an incentive for them to lend more.
  • China posted its slowest economic growth since 2009 but a surge of new debt appears to be fueling a recovery in factory activity, investment and household spending in the world’s second largest economy. That’s good news in the near-term, economists say, but many worry it marks a return to the old playbook used during the financial crisis, when Beijing hand-cranked its economy out of a slowdown through massive stimulus, rather than structural reform.
  • Australia’s financial system is in good shape overall though risks have grown in the apartment, commercial and recource sectors that bear close watching, the country’s central bank said on Friday.In a 62-page semi-annual report on the health of the banking sector, the Reserve Bank of Australia (RBA) highlighted pockets of domestic and foreign risks.


  • BUY GOLD ABOVE 1232 TGT 1237 1243 SL BELOW 1226
  • SELL GOLD BELOW 1225 TGT 1220 1214 SL ABOVE 1231

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IForex Market Trading Signals and News – 18 April 2016


  • Forex – Aussie gains after China Q1 GDP matches expected 6.7% gain
  • Forex – Dollar holds steady vs. euro, yen ahead of U.S. economic reports
  • Forex- Aussie, kiwi gain after Chinese GDP numbers

The euro rose against the U.S. dollar on Friday, after a the release of downbeat U.S. economic reports sparked fresh concerns over the strength of the economy, dampening demand for the greenback.EUR/USD hit 1.1296 during U.S. morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.1310, gaining 0.41%. The pair was likely to find support at 1.1233, Thursday’s low and a two-and -a-half week low and resistance at 1.1390, Wednesday’s high.In a preliminary report, the University of Michigan said its consumer sentiment index fell to a seven-month low of 89.7 in April from 91.0 the previous month. Analysts had expecte the index to rise to 92.0 this month.

GBP/USD is currently trading with a bearish bias. During this intraday, a strong support is seen at 1.4062, while resistance levels are seen at 1.4193, 1.4289 and 1.44061. A clear breakout above 1.4193 will accelerate an upward rally towards 1.4289. However, as long as 1.4178-1.4193 protects the upper side, expect the price to trade on the lower ranges towards 1.4062. The Cable should be traded alongside GBP/CHF, AUD/USD and AUD/JPY. These pairs have a strong positive correlation of up to +0.89 and will likely move in a similar direction during this intraday. Only buy or sell GBP/USD if the other pairs are giving the same signal.


  • BUY GBP/USD ABOVE 1.4190 TARGET 1.4210 1.4240 SL 1.4160
  • 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 – 18 April 2016


  • The Straits Times Index (STI) ended 10.01 points or 0.34% higher to 2923.94, taking the year-to-date performance to +1.43%.
  • The top active stocks today were SingTel, which gained 0.79%, OCBC Bank, which gained 0.32%, DBS, which gained 0.51%, UOB, which declined 0.05% and Ascendas REIT, with a 2.02% advance.
  • The FTSE ST Mid Cap Index gained 0.37%, while the FTSE ST Small Cap Index declined 0.02%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 3.10%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – remained unchanged and 5.93% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 0.41%. Keppel Corp shares remained unchanged and Sembcorp Industries declined 0.65%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.69%), IS MSCI India 100 (+0.59%), DBXT MSCI Brazil TRN ETF10 (+0.64%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.02%), Capitamall Trust (+1.40%), Capitacom Trust (+0.70%)
  • The most active index warrants by value today were : HSI20000MBePW160629 (-1.16%), HSI20000MBePW160530 (-3.13%), HSI21000MBeCW160428 (-4.51%)
  • The most active stock warrants by value today were : OCBC Bk MB eCW161003 (+1.30%), DBS MB eCW160705 (+3.33%), UOB MB eCW160704 (-2.70%)


  • BUY CHINA EVERBRIGHT ABOVE 0.605 TARGET 0.630 0.670 SL 0.575

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