Daily Archives: April 29, 2016


Comex Trading Signals and Market News – 29 April 2016


  • Crude oil prices rose by 0.64 per cent on Thursday after housing starts in Japan rose unexpectedly in the last quarter signaling improving housing market in the region which raised the demand for the fuel.In a report Ministry of Land Infrastructure and Transport said that Japanese Housing Starts rose to a seasonally adjusted 8.4 per cent from 7.8 percent in the preceding quarter.
  • Gold prices gained 0.18 per cent on Thursday after the Bank of Japan surprised markets by keeping monetary policy steady. The BoJ held monetary policy steady quashing speculation that it would ramp up its already extensive easing program. At the MCX Gold futures for June 2016 contract is trading at Rs 29435 per 10 gram up by 0.18 per cent after opening at Rs 29350 against the previous closing price of Rs 29383. It touched the intra-day high of Rs 29480.
  • Silver futures rose by 1.20 per cent on Wednesday afternoon market at the Multi Commodity Exchange (MCX) due to firm global trend. At the MCX Silver futures for May 2016 contract is trading at Rs. 40671 per Kg up by 1.20 per cent after opening at Rs. 40350. It touched the intra-day high of Rs. 40899.Mexico is the largest producer of silver whereas major consumers are USA India and Canada.


  • Japan’s unemployment rate dropped to 3.2 percent in March from 3.2 percent in prior month, the Ministry of Communications and Internal Affairs said Thursday. The number of unemployed people fell to 2.11 million in March from 2.16 million a month earlier. A year ago, the jobless figure totaled 2.22 million.
  • The MNI India Business Sentiment Survey for April showed that business confidence fell for the second consecutive month, albeit marginally, as firms’ financial position deteriorated. The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed companies, fell to 62.4 in April from 62.7 in March. The decrease in sentiment this month was led by construction and service sector firms while sentiment among manufacturing companies increased.
  • South Korea has increased its planned spending for this year, the finance ministry said on Thursday, in its latest bid to jump-start the economy and pre-emptively address risks to growth.At the same time, the country’s central bank will keep monetary policy “flexible” to support economic activity and maintain financial stability, the finance ministry said in a statement.


  • BUY GOLD ABOVE 1258.8 TARGET 1263.8 1269.8 SL BELOW 1253.8
  • SELL GOLD BELOW 1253.8 TARGET 1248.8 1242.8 SL ABOVE 1258.8

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IForex Market Trading Signals and News – 29 April 2016


  • Forex -Yen gains most in 5 years vs euro on BOJ surprise
  • Forex -Dollar drops against rivals after Fed decision
  • Forex-Kiwi and Aussie gain ground after RBNZ and Fed hold

The Euro to dollar exchange rate managed to gain strength recently and traded higher, but EUR/USD is currently facing a major resistance.The US Dollar buyers did not like the fed outcome and that is the reason why there was a minor decline in the greenback. The Euro climbed higher and broke the 200 simple moving average on the 4-hours chart.Earlier today, the German Unemployment Change report was released by the German Statistics Office. The forecast was slated for no change in April 2016, but as per the report, the German Unemployment Change came in at -16K. The report added that “According to provisional results of the employment accounts, the number of persons in employment increased by 150,000, or 0.3%, from February to March 2016, one of the reasons being the spring upturn. The increase on February was higher than the relevant average of the past five years (124,000 people)”.

The GBP/USD pair advanced modestly after the London opening, spiking up to 1.4617, but is still unable to firmly settle above the 1.4600 mark, and once again retreated. The dollar is generally lower across the board, as BOJ’s inaction during Asian trading hours, fueled demand of the JPY, and put the USD under selling pressure.From a technical point of view, the 4 hours chart shows that the price has managed to bounce from a bullish 20 SMA tested earlier today, and currently at 1.4535. The technical indicators hold above their mid-lines but lack directional strength, reflecting the absence of volume in the ongoing session. the pair can rally up to the 1.4680/1.4700 region, whilst some steady gains beyond this last expose the 1.4770 price zone for the upcoming sessions.Declines towards the 1.4530/40 region should be seen as buying opportunities, with the next intraday low and a line in the sand for today, at 1.4290.


  • BUY GBP/USD ABOVE 1.4638 TARGET 1.4658 1.4688 SL BELOW 1.4608
  • SELL GBP/USD BELOW 1.4544 TARGET 1.4524 1.4494 SL ABOVE 1.4574

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Financial Sgx Singapore Stock Market Trading Picks And News – 29 April 2016


  • The Straits Times Index (STI) ended 12.42 points or 0.43% lower to 2862.3, taking the year-to-date performance to -0.71%.
  • The top active stocks today were SingTel, which gained 0.26%, DBS, which declined 1.03%, NOL, which gained closed unchanged, OCBC Bank, which declined 1.00% and CapitaLand, with a 0.63% fall.
  • The FTSE ST Mid Cap Index gained 0.60%, while the FTSE ST Small Cap Index rose 0.49%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.82%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings- ended 2.62% higher and 1.01% lower respectively.
  • The underperforming sector was the FTSE ST Utilities Index, which slipped 1.15%. Keppel Infrastructure Trust shares declined 1.00% and SIIC Environment Holdings declined 2.14%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT IBOXX Singapore ETF 5 (unchanged), SPDR Gold Shares (+0.95%), IShares USD Asia Bond ETF (+0.10%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+1.44%), Ascendas REIT (+0.82%), Mapletree Gcc Tr (+3.03%)
  • The most active index warrants by value today were : HSI21400MBeCW160530 (-2.08%), HSI21000MBePW160530 (+1.94%), HSI22200MBeCW160530 (-12.96%)
  • The most active stock warrants by value today were : OCBC Bk MB eCW161003 (-7.35%), NKY 18000MBeCW160610 (-59.21%), DBS MB eCW160705 (-12.77%)


  • BUY SUPER GROUP ABOVE 0.985 TGT 1.025 1.055 SL 0.936

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