Daily Archives: May 13, 2016


Comex Trading Signals and Market News – 13 May 2016


  • Oil prices rose toward six-month highs on Thursday, supported by data from the International Energy Agency (IEA) showing tightening supply in addition to a surprise drop in U.S. crude inventories.Brent crude futures (LCOc1) were trading at $47.92 per barrel at 0944 GMT, up 32 cents from their last settlement and near a six-month high of $48.50 hit at the end of April.
  • Global gold demand at the start of 2016 rose at its fastest pace ever on inflows from exchange traded funds (ETFs), according to an industry report released on Thursday.Gold demand increased by 21% year-on-year to 1,290 tons in the first quarter, according to the World Gold Council report..That was the fastest pace ever for the first three months of the year and the second largest quarter on record.
  • Amid pick-up in demand from alloy-makers at domestic spot markets and a firming trend in base metals overseas, nickel prices edged higher 0.56% to Rs 593.70 per kg in futures trade today as speculators raised their bets. At the Multi Commodity Exchange, nickel for delivery in current month was trading higher by Rs 3.30, or 0.56%, to Rs 593.70 per kg in a business turnover of 660 lots.


  • The Bank of England stepped up its warnings about the economic risks if Britain votes to leave the European Union, saying on Thursday that sterling could fall sharply and unemployment would probably rise.The central bank’s interest rate setters — who voted unanimously to keep rates on hold — said that in the event of a vote for so-called Brexit on June 23, households and companies were likely to hold off spending and investment.
  • The head of the European Commission said on Thursday it would be a catastrophe if Britain voted to leave the European Union, but he did not expect that to happen.Commission President Jean-Claude Juncker, speaking at a conference on Europe at the German Foreign Ministry, said it was up to Britan to decide whether to exit the bloc in a June 23 referendum, and the decision would have far-reaching consequences for Britain and Europe.
  • Indian economy is slowly gaining momentum and & is projected to grow by 7.3% this year, a United Nations report stated today. The World Economic Situation and Prospect report, in its mid-2016 update, has said India is expected to achieve a 7.5% GDP growth in 2017 and the economic prospects of the South Asian region will be contingent on the growth trajectory of India and Iran.Despite some delays in domestic policy reforms and enduring fragilities in the banking system, investment demand is supported by the monetary easing cycle, rising FDI, and government efforts towards infrastructure investments and public-private partnerships, noted the UN.


  • BUY GOLD ABOVE 1273.2 TARGET 1278.2 1284.2 SL 1268.2
  • SELL GOLD BELOW 1265.8 TARGET 1260.8 1254.8 SL 1270.8

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IForex Market Trading Signals and News – 13 May 2016


  • Forex – GBP/USD slips lower ahead of BoE decision
  • Forex -Dollar edges higher, U.S. jobless claims ahead
  • Forex-Yen weaker on BOJ easing talk, BOE’s ‘Super Thursday’ in focus

EUR/USD is currently trading with a bullish bias. Yesterday, the pair broke above the descending channel, headed long and even tested the resistance level 1.1438. During this intraday, we still expect further movements to the upper side but should not go above 1.14770, A clear breakout above 1.1477 will push the price further to the upper side. This view can only be invalidated in case the price clearly rebounds from 1.1438. This pair should be traded alongside EUR/GBP, GBP/USD, and NZD/USD. These pairs have a strong positive correlation of up to +0.96 and will likely have a similar price action during this intraday.As long as the level 1.1438 protects the upper side, look for possible short positions from 1.1438 with your target at 1.1396. A clear breakout above 1.1438 will call for long positions with a target at 1.1477. A clear a breakout above 1.1477 will call for further long positions with an ideal target at 1.14391.

The pound slipped lower against the U.S. dollar on Thursday, as investors remained cautious before the Bank of England’s policy statement due later in the trading session.GBP/USD hit 1.4407 during European morning trade, the session low; the pair subsequently consolidated at 1.4433, easing 0.09%.Cable was likely to find support at 1.4371, the low of May 9 and resistance at 1.4543, the high of May 6.Later Thursday, the BoE was expected to leave its benchmark interest rate unchanged at 0.5% at the level of its monthly asset purchases at £375 billion.Investors were looking ahead to comments by BoE Governor Mark Carney, scheduled after the policy statement, for indications on the central bank’s future policy moves.


  • BUY GBP/USD AROUND 1.4425 TARGET 1.4445 1.4475 SL 1.4395
  • SELL GBP/USD AROUND 1.4488-1.4490 TARGET 1.4466 1.4436 SL 1.4518

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Financial Sgx Singapore Stock Market Trading Picks And News – 13 May 2016


  • The Straits Times Index (STI) ended 12.52 points or 0.46% higher to 2745.39, taking the year-to-date performance to -4.76%.
  • The top active stocks today were DBS, which gained 1.36%, SingTel, which gained 1.30%, OCBC Bank, which closed unchanged, Wilmar International, which closed unchanged and Global Logistic, with a 0.57% fall.
  • The FTSE ST Mid Cap Index declined 0.34%, while the FTSE ST Small Cap Index rose 0.16%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.53%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 0.93% higher and 3.45% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 2.27%. Raffles Medical Group shares remainedun- changed and Riverstone Holdings increased by 0.57%
  • The three most active Exchange Traded Funds (ETFs) by value today were : iShares USD Asia Bond ETF (-0.56%), SPDR Gold Shares (-0.07%), DBXT MSCI Indonesia ETF10 (-0.24%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.24%), Capitamall Trust (+0.48%), Suntec REIT (unchanged)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (-7.22%), HSI20800UBeCW160629 (-3.57%)m, HSC8400UBeCW160629 (-3.75%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+11.77%)


  • BUY VARD ABOVE 0.192 TGT 0.200 0.205 SL 0.182

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