Comex Trading Signals and Market News – 26 April 2016


  • Oil prices slipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets.Front-month Brent crude was trading at $44.60 per barrel at 0934 GMT, down 51 cents from its last settlement.U.S. West Texas Intermediate (WTI) futures were down 63 cents at $43.10 a barrel.
  • Gold prices ticked higher on Monday as the dollar slid lower, but gains were held in check ahead of the Federal Reserve’s policy meeting later in the week.Gold futures for June delivery were at $1,232.8 an ounce at 0941 GMT, up 0.23% from their last settlement.The dollar rose to three-week highs against the yen over-night, but later reversed gains ahead of meeting of the U.S. and Japanese central banks later this week.
  • Copper futures is slightly down by 0.52 per cent due to subdued demand in the domestic stock market. Further the drop of the Shanghai Composite Index by 0.8 percent lead to widespread concern over the economy of world’s biggest copper consumer dimming the demand prospect of copper.


  • Japan’s leading index that reflects the future economic activity, dropped to 96.8 from 101.2 in January, final data from the Cabinet Office showed Monday. This was the lowest since February 2010, when the score was 96.0. The flash score for February 2016 was 99.8. At the same time, the coincident index came in at 110.7 in February, down from 112.3 in January. Nonetheless, it was above the preliminary reading of 110.3. The indicator measures the current economic situation.
  • Japan’s government might issue spending vouchers and promote national discount-sales events similar to Black Friday in the United States to boost its lackluster consumer spending and accelerate gross domestic product growth. The government could decide the details as soon as next month as it finalizes the policies for its annual growth strategy, which could potentially help the Bank of Japan in its struggle to accelerate inflation.
  • The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems.SWIFT, a cooperative owned by 3,000 financial institutions, confirmed to Reuters that it was aware of malware targeting its client software. Its spokeswoman Natasha Deteran said SWIFT would release on Monday a software update to thwart the malware, along with a special warning for financial institutions to scrutinize their security procedures.


  • BUY GOLD ABOVE 1237 TGT 1242 1248 SL BELOW 1231
  • SELL GOLD BELOW 1227 TGT 1222 1216 SL ABOVE 1233

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