Daily Archives: April 22, 2016


Comex Trading Signals and Market News – 22 April 2016


  • Silver prices rallied to 11-month highs on Thursday and gold rose to one-and-a-half week highs as higher oil prices fed into a stronger tone across commodities.Silver futures for May delivery were at $17.43 an ounce at 1208 GMT after rising to highs of $17.62 earlier, levels not seen since May 2015.Gold futures for June delivery were up 0.65% at $1,262.4 an ounce.
  • Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-OPEC production in a generation, helping to rebalance a market dogged by oversupply.IEA chief Fatih Birol said low oil prices had cut investment by about 40 percent in the past two years, with sharp falls in the United States, Canada, Latin America and Russia.
  • Gold prices eased in Asia on Thursday with attention on the next Federal Reserve review of rates next week. On the Comex division of the New York Mercantile Exchange, gold for June delivery traded down 0.59% to $1,247.00 a troy ounce.Silver futures for May delivery dropped 0.88% to $16.985 a troy ounce, while copper futuresgained 0.18% to $2.240 a pound.


  • China added 3.18 million new urban jobs in the first quarter and kept unemployment levels broadly stable, Xinhua said on Friday, citing the social security ministry.The urban unemployment rate was 4.04 percent at the end of first quarter, flat from the end of 2015 and slightly lower than the year ago period, Xinhua said. Premier Li Keqiang said at China’s annual parliament in March that China will create 10 million new jobs and hold the urban unemployment rate below 4.5 percent in 2016.
  • Strong market performance failed to wow U.S.-based fund investors, who delivered stock funds another week of multi-billion dollar withdrawals, Lipper data showed on Thursday.Investors pulled $4.5 billion from U.S.-based stock funds during the week that ended April 20, Lipper said, despite the funds’ posting a 1 percent gain in market value over that period.
  • Japan looks increasingly likely to fire both fiscal and monetary barrels in the coming weeks to help recovery and arrest unwelcome gains in the yen, with direct currency intervention off the table after a cool reception from its U.S. ally.After the rising yen helped push exports down for a sixth month in March and deadly earthquakes hit southern Japan last week, the Bank of Japan (BOJ) is facing calls from government aides to promptly expand its money-printing stimulus.


  • BUY GOLD ABOVE 1262 TARGET 1267 1273 SL BELOW 1257
  • SELL GOLD BELOW 1255.5 TARGET 1250.5 1244.5 SL ABOVE 1260.5

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IForex Market Trading Signals and News – 22 April 2016


  • Forex – Euro little changed before ECB meeting
  • Forex – GBP/USD edges lower on downbeat U.K. retail sales
  • Forex- Aussie edges higher, kiwi holds steady in late trade

EUR/USD is almost unchanged on Thursday, following losses which marked the pair on Wednesday. In the European session, the pair is trading at the 1.13 line. On the release front, the ECB will set interest rates for April, followed by a press conference with ECB president Mario Draghi. The US will follow with two key releases – the Philly Fed Manufacturing Index and Unemployment Claims. On Friday, the Eurozone releases German and Eurozone Manufacturing PMIs.All eyes are on the ECB on Thursday, as the central bank holds its monthly policy meeting. At the March meeting, the ECB lowered the benchmark rate to a flat 0.00% and raised the asset-purchase program from EUR 60 billion to 80 billion/month.

The pound edged lower against the U.S. dollar on Thursday, after the release of downbeat U.K. retail sales data dampened optimism over the strength of the British economy. GBP/USD hit 1.4305 during European morning trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 1.4309, slipping 0.16%.Cable was likely to find support at 1.4128, the low of April 18 and resistance at 1.4409, Wednesday’s high.The U.K. Office for National Statistics said that retail sales fell 1.3% in March, compared to the prior 0.5% drop whose figure was revised from the original 0.4% decrease. Analysts had expected retail sales to slip 0.1% last month.Year-on-year, retail sales increased 2.7%, compared to expectations for a 4.4% rise. Core retail sales, which exclude automobile sales, fell 1.6% on the month, compared to the prior 0.3% drop in February, whose figure was revised from an initial 0.2% decline.


  • BUY GBP/USD AROUND 1.4320-1.4325 TARGET 1.4350 1.4385 SL 1.4295
  • SELL GBP/USD AROUND 1.4390-1.4395 TARGET 1.4365 1.4340 SL 4415

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Financial Sgx Singapore Stock Market Trading Picks And News – 22 April 2016


  • The Straits Times Index (STI) ended 10.83 points or 0.37% higher to 2960.78, taking the year-to-date performance to +2.71%.
  • The top active stocks today were SingTel, which gained 0.51%, DBS, which declined 0.25%, OCBC Bank, which gained 0.64%, Keppel Corp, which gained 0.17% and UOB, with a 0.30% fall.
  • The FTSE ST Mid Cap Index gained 1.10%, while the FTSE ST Small Cap Index rose 0.60%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 3.18%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 4.92% higher and 4.04% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 0.48%. Silverlake Axis shares declined 0.86% and CSE Global declined 2.22%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.76%), STI ETF (+0.34%), IS MSCI India 100 (-0.29%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.80%), Capitamall Trust (unchanged), Suntec REIT (+2.05%)
  • The most active index warrants by value today were : HSI21400MBeCW160530 (+26.47%), HSI20000MBePW160629 (-16.25%), HSI21000MBePW160530 (-23.14%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (-10.45%), OCBC Bk MB eCW161003 (+1.19%), UOB MB eCW160704 (-8.00%)


  • BUY CHINA EVERBRIGHT ABOVE 0.670 TGT 0.695 0.715 SL 0.635

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