Daily Archives: May 5, 2016


Comex Trading Signals and Market News – 05 May 2016


  • Crude oil prices rose by 0.31 per cent on Wednesday after US industry supply data noted a build in crude but refined products showed healthy drawdowns. The American Petroleum Institute said its estimate of weekly crude oil stock showed a build of 1.265 million barrels.
  • Gold prices fell by 0.45 per cent on Wednesday as the US dollar staged a recovery after a pair of Federal Reserve officials talked up US interest rate hikes this year. Atlanta Fed President Dennis Lockhart said the US could see two further interest rate rises this year while San Francisco Fed President John Williams said that he would support an interest-rate hike in June as long as he sees continued progress on the economy inflation and jobs.
  • Zinc, a metal that is used in Galvanization gained in the month of April 2016 compared to March 2016. On LME, prices averaged at $ 1851 per tonne in April 2016 compared to $ 1802 per tonne in March 2016, up 2.7%. International Lead and Zinc Study Group (ILZSG) mentioned that World usage of refined zinc metal is expected to increase by 3.5% to 14.33 million tonnes in 2016.


  • Atlanta Federal Reserve President Dennis Lockhart said on Tuesday that Britain’s vote on whether to stay in the European Union could “loom large” as the U.S. central bank contemplates whether to raise interest rates at its next policy meeting.”Brexit could be a source of heightened global uncertainty,” Lockhart said in a speech before the World Affairs Council of Jacksonville, Florida, adding it “has some potential to loom large as we approach the June meeting.”
  • Greater disclosure of all the capital requirements faced by banks would reinforce financial stability and reassure investors no hidden dangers lurk on balance sheets, a top European Union banking regulator said on Wednesday. Andrea Enria, chairman of the European Banking Authority (EBA), said the global financial crisis following the collapse of U.S. bank Lehman Brothers in 2008 showed how opacity could destabilise markets.
  • Chinese consumers were increasingly optimistic about the car buying environment in April but were less likely to act on this assessment as plans to buy a car over the next 12 months continued the downward movement seen since the start of the year. Meanwhile, a fall in expected running costs helped boost overall sentiment towards the sector.


  • BUY GOLD ABOVE 1285 TARGET 1290 1296 SL BELOW 1280
  • SELL GOLD BELOW 1275 TARGET 1270 1264 SL ABOVE 1280

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Forex Signals

IForex Market Trading Signals and News – 05 May 2016


  • Forex -Dollar edges higher, pulls away from 16-month trough
  • Forex -Sterling hits day’s lows after U.K. construction data
  • Forex-Yuan, rupee forecast to weaken slightly over coming year:

The EUR/USD pair has moved within striking distance of moving back above 1.1500 handle, recovering from day’s through level of 1.1476 ahead of the Euro-zone service PMI data. The pair on Tuesday witnessed a sharp reversal from intraday peak of 1.1616 and dropped back below 1.1500 level on broad USD recovery from the lowest level since Jan. 2015. Investors also seem to lighten their bearish USD positions ahead of the key jobs data scheduled for release on Friday. Friday’s jobs report along with today’s ISM non-manufacturing index would continue to probe some additional volatility in the pair.Although the pair on Tuesday, managed to break-through 1.1550 immediate resistance but the momentum above 1.1600 faded, dragging the pair back below 1.1500 mark. Traders would now be eyeing 1.1455-50 immediate support, which if broken seems to extend Tuesday’s reve.

The pound touched session lows against the firmer dollar on Wednesday after data showing that construction output in the U.K. rose at the slowest pace in almost three years in April, adding to fears that the economy is losing traction. GBP/USD was down 0.34% at 1.4483 from around 1.4491 ahead of the data. The Markit U.K. construction purchasing managers’ index fell to 52.0 last month from 54.2 in March.Economists had expected the index to fall to 54.0.Commercial building was the strongest performing category in April, while residential construction growth rebounded only slightly from March’s 38-month low and civil engineering activity expanded at the weakest pace so far in 2016, Markit said.


  • BUY GBP/USD ABOVE 1.4525 TGT 1.4545 1.4575 SL 1.4495
  • SELL GBP/USD AROUND 1.4515 TGT 1.4495 1.4465 SL 1.4545

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Financial Sgx Singapore Stock Market Trading Picks And News – 05 May 2016


  • The Straits Times Index (STI) ended 27.32 points or 0.96% lower to 2811.2, taking the year-to-date performance to -2.48%.
  • The top active stocks today were DBS, which gained 0.46%, OCBC Bank, which declined 1.94%, SingTel, which declined 0.78%, UOB, which declined 1.08% and Wilmar Intl, with a 2.16% fall.
  • The FTSE ST Mid Cap Index declined 0.71%, while the FTSE ST Small Cap Index declined 0.20%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.83%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings – ended 1.06% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 2.05%. Wilmar International shares declined 2.16%and Thai Beverage declined 2.01%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT iBoxx Korea ETF 5 (unchanged), SPDR Gold Shares (+1.66%), STI ETF (-1.39%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-0.97%)Ascendas REIT (unchanged), Capitacom Trust (-1.05%)
  • The most active index warrants by value today were : HSI20000MBePW160530 (+21.15%), HSI20000MBePW160629 (+13.75%), HSI21400MBeCW160530 (-37.31%)
  • The most active stock warrants by value today were : DBS MB eCW160705 (+2.86%), OCBC Bk MB eCW161003 (-14.29%), UOB MB eCW160705 (-14.82%)


  • BUY BREAD TALK ABOVE 1.140 TGT 1.185 1.220 SL 1.085

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