Daily Archives: April 19, 2016


Comex Trading Signals and Market News – 19 April 2016


  • Silver prices plunged by Rs 195 to Rs 38,312 per kg in futures trade today as speculators cut down their bets, taking weak cues from global market.At the Multi Commodity Exchange, silver prices for delivery in May traded sharply lower by Rs 195, or 0.51%, to Rs 38,312 per kg, in a business turnover of 354 lots.Similarly, the white metal prices for delivery in far-month July slumped by Rs 167, or 0.43%, to Rs 38,900 per kg, in a business volume of 10 lots.
  • Gold prices rose on Monday, buoyed up by increased investor demand for safe haven assets as oil prices tumbled after a weekend meeting of major producers ended without an agreement on curtailing production.U.S. gold futures for June delivery were up 0.34% at $1,238.6 an ounce by 0945 GMT.
  • Crude oil prices plunged in Asia on Monday as major oil producers gathered in Doha, Qatar failed at the weekend to reach an agreement to freeze production.The producers—Saudi Arabia, Russia, Kuwait, and other OPEC members, but not including Iran—met most of the day but broke up toward evening without a deal. Saudi Arabia had insisted there could be no agreement unless Iran froze production, too.


  • The mission chiefs of Greece’s lenders are set to resume talks in Athens after progress made in recent days towards concluding a review of Greek reforms, the European Commission said on Monday.”Following constructive talks in Washington, the mission chiefs are returning to Athens today and tomorrow. The aim of the mission remains to conclude the first review of the program as soon as possible,” a Commission spokesman told a news conference in Brussels.
  • China’s leaders sound more confident that the world’s second-largest economy has arrested a slide in growth to quarter-century lows, but their policy advisers caution it is too early to call an end to a cycle of easing that began in 2014.Signs the economy is picking up give the central bank room to keep its policy powder dry for now so it has the ammunition later to cope with any possible shocks from domestic economic restructuring and expected U.S. rate rises, the policy insiders said.
  • Tokyo is sticking with plans to raise the sales tax next year, barring a financial crisis or a major natural disaster, Prime Minister Shinzo Abe said on Monday, without saying whether two deadly quakes in southern Japan qualified as such as disaster.The tremors on the southern island of Kyushu on Thursday and Saturday have caused at least 42 deaths and disrupted production at major manufacturers including Toyota Motor Corp (T:7203) and Sony Corp (T:6758).


  • BUY GOLD ABOVE 1240 TGT 1245 1251 SL BELOW 1234
  • SELL GOLD BELOW 1230 TGT 1225 1219 SL ABOVE 1236

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IForex Market Trading Signals and News – 19 April 2016


  • Forex – Yen rises to near 18-month highs against dollar
  • Forex – Aussie and kiwi move lower on oil drop
  • Forex- Doha meeting drives down commodity currencies

EUR/USD is flat on Monday, continuing the lack of movement which has marked the pair since late last week. With no major releases out of the Eurozone or the US, it could remain an uneventful day for the pair. In the European session, EUR/USD is trading at the 1.13 line. On the release front, the sole Eurozone event is the German central bank’s monthly report. The US will release the NAHB Housing Market Index, with little change expected. As well, New York Fed president William Dudley will deliver remarks at a meeting in New York. Tuesday will be busier, with Germany and the Eurozone releasing the ZEW Economic Sentiment reports. In the US, there is one key event, Building Permits.

GBP/USD is currently trading with a bullish bias. During the previous trading day on 15th April 2016, The Cable broke above a key resistance level 1.4179 and is currently headed long. Following this break out, we expect minor downward retracements towards 1.4202 to go long with our target at 1.4290. A clear breakout above this level will push the price further to the upper side with our next target at 1.4406. However, if the anticipated pull-back goes below 1.4168, then we will go short with our target at 1.4063. This pair should be traded alongside AUD/USD, GBP/CHF and GBP/JPY. These pairs have a strong positive correlation of up to +0.89 and will likely move in a similar direction direction during this intraday.


  • BUY GBP/USD ABOVE 1.4204 TARGET 1.4224 1.4254 SL 1.4174
  • SELL GBP/USD BELOW 1.4160 TARGET 1.4140 1.4110 SL 1.4190

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Financial Sgx Singapore Stock Market Trading Picks And News – 19 April 2016


  • The Straits Times Index (STI) ended 6.19 points or 0.21% lower to 2917.75, taking the year-to-date performance to +1.21%.
  • The top active stocks today were SingTel, which gained 0.52%, DBS, which declined 0.44%, Keppel Corp, which declined 1.96%, UOB, which declined 0.71% and OCBC Bank, with a 0.11% fall.
  • The FTSE ST Mid Cap Index declined 0.20%, while the FTSE ST Small Cap Index declined 0.26%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.62%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended unchanged and 0.70% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.22%. Silverlake Axis shares declined 2.48% and CSE Global declined 2.17%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares USD Asia Bond ETF (-0.09%), Ishares USD Asia HY Bond ETF (-0.10%), STI ETF (-0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.40%), Capitacom Trust (-0.70%), Capitamall Trust (-0.46%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (-6.98%), HSI20000MBePW160629 (+3.53%), HSI21400MBeCW160530 (-12.17%)
  • The most active stock warrants by value today were : NKY 15500MBePW160610 (+9.72%), UOB MB eCW160704 (-15.28%), OCBC Bk MB eCW161003 (-2.56%)


  • BUY CITYNEON ABOVE 0.565 TARGET 0.590 0.630 SL 0.530

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