Daily Archives: April 27, 2016


Comex Trading Signals and Market News – 27 April 2016


  • Copper prices fell by 0.92 per cent on Tuesday afternoon due to weak demand in global market coupled with sliding London Metal Exchange index. Further due to burgeoning inventories levels in Asian countries which has jumped by 8 per cent to the highest since January 20 in addition to lower demand in Chines market brought down the copper future.
  • Crude oil prices fell by 0.66 per cent on Tuesday with few signals from Saudi Arabia that an excessive supply glut is about to level off anytime in the near-term future. Saudi officials at the Shaybah Oil field in the Al-Khali desert announced that it will ramp up production by 250000 barrels per day to 1 million in May.
  • Gold prices fell by 0.40 per cent on Tuesday as investors readjusted positions ahead of the Federal Reserve’s two-day monetary policy meeting due to begin later in the day. The Fed is not expected to take action on interest rates at the conclusion of its two-day policy meeting on Wednesday but traders will be looking for its take on the global economy and its monetary policy outlook.


  • The European Union should hold off for now from regulating blockchain, the technology that underpins the virtual currency bitcoin, EU lawmakers are set to agree on Tuesday in the latest example of a softly-softly approach by authorities.”We don’t want pre-emptive regulation, but we do want precautionary monitoring,” Jakob von Weizsaecker, a German center-left member of the European Parliament, told Reuters.
  • With the U.K.’s June 23 referendum on its membership in the European Union (EU) just eight weeks away, Britons in favor of staying declined in the most recent poll, but undecided votes could sway the results in either direction. Voter support for the Remain camp declined by two points to 51%, while the Leave campaign, coined Brexit, increased by the same amount to 43%, according to the latest ORB poll conducted for The Telegraph.
  • British support for staying in the European Union has fallen by two percentage points to 51 percent according to a poll, a decline that may suggest U.S. President Barack Obama’s words in favour of UK membership had yet to have an impact.Support for leaving the 28-member bloc in a referendum has increased by 2 percentage points to 43 percent in the past week, little changed from figures published on April 19, according to the ORB poll of 800 people for The Daily Telegraph newspaper on Tuesday.


  • BUY GOLD ABOVE 1240 TARGET 1245 1251 SL BELOW 1235
  • SELL GOLD BELOW 1227 TARGET 1222 1216 SL ABOVE 1232

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IForex Market Trading Signals and News – 27 April 2016


  • Forex -Dollar slips lower vs. rivals, U.S. data ahead
  • Forex – Yen rises ahead of central bank meetings
  • Forex- Aussie holds steady, kiwi gains ground in late trade

The Euro is attempting to claw its way higher after finding support above the 1.12 figure having hit a one-month low against the US Dollar. Thus far, gains appear to be corrective in the context of a larger down move that brought prices through support guiding the move higher since mid-March.Near-term support is at 1.1215, the April 25 low, with a break below that on a daily closing basis exposing the 38.2% Fibonacci retracement at 1.1103. Alternatively, a reversal above rising trend line support-turned-resistance at 1.1286 sees the next upside barrier at 1.1353, the 14.6% Fib expansion.We entered short EUR/USD at 1.1390 . Prices have now met our initial objective at 1.1241 and we have taken profit on half of the position. The remainder of the trade will remain open to capture any further weakness. The stop-loss has been adjusted to the breakeven level.

The Pound keeps rallying this Tuesday, up to a fresh 2-month high against the greenback above the 1.4570 region, as investors continue to buy back the UK currency on diminished chances of a Brexit, according to latest polls..Money data coming from the UK showed that gross mortgage borrowing was 64% higher than a year ago, reaching £17.1 billion in March, whilst Mortgage Approvals were 20% higher from a year ago, but down to 45.01K from previous 45.65K, the lowest since December. Holding near the highs, the GBP/USD pair 4 hours chart shows that the technical indicators continue heading higher, despite being in overbought territory, whilst the 20 SMA heads sharply higher far below the current level, indicating the intraday rally is overstretched and that a downward corrective movement is possible.


  • BUY GBP/USD ABOVE 1.4580 TARGET1.4600 1.4630 SL BELOW 1.4550
  • SELL GBP/USD BELOW 1.4550 TARGET 1.4530 1.4510 SL ABOVE 1.4580

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Financial Sgx Singapore Stock Market Trading Picks And News – 27 April 2016


  • The Straits Times Index (STI) ended 4.41 points or 0.15% lower to 2895.87, taking the year-to-date performance to +0.46%.
  • The top active stocks today were SingTel, which gained 1.03%, DBS, which declined 0.13%, OCBC Bank, which declined 2.37%, UOB, which declined 0.67% and Keppel Corp, with a 0.90% fall.
  • The FTSE ST Mid Cap Index declined 0.39%, while the FTSE ST Small Cap Index rose 0.08%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 1.56%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended 3.64% higher and ended unchanged respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.60%. Silverlake Axis shares declined 1.72% and CSE Global declined 2.25%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.35%), IS MSCI India 100 (+1.96%), DBXT MSCI Indonesia ETF 10 (-1.77%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+2.39%), Ascendas REIT (+1.22%), Capitacom Trust (-0.69%)
  • The most active index warrants by value today were : HSI20800UBeCW160629 (unchanged), HSI21000MBePW160530 (-7.41%), HSI20000MBePW160629 (-9.46%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (+3.92%), OCBC Bk MB eCW161003 (+1.37%), UOB MB eCW160704 (-3.57%)


  • BUY KEPPEL REIT ABOVE 1.045 TGT 1.085 1.120 SL 0.995

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