Daily Archives: May 11, 2016


Comex Trading Signals and Market News – 11 May 2016


  • Crude oil prices fell by 0.34 per cent on Tuesday as market players looked ahead to fresh weekly information on US stockpiles of crude and refined products. The American Petroleum Institute will release its inventories report later in the day while Wednesday’s government report could show crude stockpiles rose by 0.5 million barrels in the week ended May 6.
  • Gold prices gained marginally by 0.05 per cent on Tuesday after mixed consumer and producer price data from China. CPI for April fell 0.2 per cent month-on-month as expected and at a 2.3 per cent pace year-on-year a tad lower than the 2.4 per cent gain seen. PPI for April year-on-year fell 3.4 per cent compared to a expected drop of 3.8 percent.
  • German industrial production declined 1.3 percent on a monthly basis in March, following a revised 0.7 percent drop in February, Destatis reported Tuesday. This was the second consecutive decline and the biggest since August 2014, when output slid 2.5 percent. Excluding energy and construction, production in industry fell 1.2 percent. Within industry, energy production gained 0.3 percent, while construction output decreased 3.2 percent. On a yearly basis, growth in industrial production eased to 0.3 percent from 2 percent, the economy ministry said.


  • Japan will intervene in foreign exchange markets if the yen strengthens to 90-95 per dollar, even if that upsets the United States, a key economic adviser to Prime Minister Shinzo Abe said on Tuesday, asserting the right to curb currency volatility.Koichi Hamada, an emeritus professor of economics at Yale University and special adviser to the Cabinet, told Reuters that he had recently heard “many concerns” from economists and officials in the United States about the possibility of Japan intervening in currency markets – something it last did five years ago when it acted to weaken the yen.
  • Consumer confidence in India rose to the highest since November last year, led by more optimistic expectations for future business conditions while sentiment towards spending took a backseat. The MNI India Consumer Sentiment Indicator rose 2% to 113.4 in April from 111.2 in March. Sentiment, though, was down 7.1% compared with the same month a year ago, and 6% below the series average. More positively, it is up from the recent trough seen in December, which had left it at the lowest level in the history of the survey. The rise in April marks a good start to Q2, after it fell to a record low level in the previous quarter.
  • Policy makers around the world need to ask if central banks injecting money into the economy through “helicopter drop” is politically feasible or produce the intended targets, India’s Central Bank Governor Raghuram Rajan said on Tuesday.”The real point is again: It is not absolutely clear that throwing the money out of the window, or targeted checks to beneficiaries… will be politically feasible in many countries, or produce economically the desired effect,” he said during a lecture at the London School of Economics.


  • BUY GOLD ABOVE 1268 TARGET 1273 1279 SL 1263
  • SELL GOLD BELOW 1261 TARGET 1256 1250 SL 1266

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Forex trading

IForex Market Trading Signals and News – 11 May 2016


  • Forex – Yen dips near two-week lows after Japan’s verbal warnings
  • Forex -Dollar moves higher against yen on intervention talk
  • Forex-Australia, NZ dlrs near multi-week lows on weak commodities, China

The pair is extending its sideline theme around the 1.1400 handle for the time being amidst lack of of relevant drivers and scarce volatility. In the meantime, the upside in the greenback seems to have lost some vigour during the European morning, although it remains in the upper end of the recent range when tracked by the US Dollar Index. In the data space, German trade surplus has surpassed estimates in March, while Industrial Production has contracted more than initially expected during the same period. Across the pond, US NFIB Business Optimism index is due followed by the API’s weekly report on US crude stockpiles.

GBP/USD is currently trading with a bearish bias. Yesterday, the pair traded short but could not close below 1.4406. Since the intraday stochastic is trading below its neutrality level of 50 and is headed towards 25. We expect the cable to continue to the lower side but should not go below 1.4106. However, as long as the price keeps being rejected at 1.44061 the price may rally to the upper side but should not go above 1.46637. This pair should be traded alongside AUD/JPY, GBP/CHF, EUR/USD, and NZD/USD. These pairs have a strong positive correlation of up to +0.98 and will likely move in a similar direction during this intraday. Only buy or sell the cable if the other pairs are giving the same signal.


  • BUY GBP/USD AROUND 1.4380 TARGET 1.4420 1.4480 SL 1.4350
  • SELL GBP/USD AROUND 1.4510-1.4520 TARGET 1.4460 1.4400 SL 1.4540

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Financial Sgx Singapore Stock Market Trading Picks And News – 11 May 2016


  • The Straits Times Index (STI) ended 24.91 points or 0.9% lower to 2741.15, taking the year-to-date performance to -4.91%.
  • The top active stocks today were SingTel, which declined 1.54%, DBS, which declined 0.74%, CapitaLand, which gained 0.67%, OCBC Bank, which declined 1.54% and UOB, with a 0.84% fall.
  • The FTSE ST Mid Cap Index gained 0.46%, while the FTSE ST Small Cap Index declined 0.05%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 2.60%. The two biggest stocks of the Index – Raffles Medical Group and Riverstone Holdings – remained unchanged and ended 2.25% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 1.50%. SingTel shares declined 1.54% and Star-Hub declined 1.18%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.06%), STI ETF (-0.71%), Lyxor ETF MSCI World 10 (-1.54%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (-2.82%), Capitacom Trust (+1.44%)
  • The most active index warrants by value today were : HSI20000MBePW160530 (-8.24%), HSI20000MBePW160629 (-0.95%), HSI20600MBeCW160530 (+3.64%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-9.76%)


  • BUY GS HLDG ABOVE 0.280 TGT 0.295 0.310 SL 0.265

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