Daily Archives: May 18, 2016


Comex Trading Signals and Market News – 18 May 2016


  • Gold futures were higher in European trade on Tuesday, adding to modest overnight gains, as investors looked ahead to key U.S. inflation data due later in the session to gauge if the world’s largest economy is strong enough to withstand further rate hikes in 2016.
  • Oil prices rose to fresh seven-month highs in European trade on Tuesday,adding to sharp overnight gains amid mounting concerns over global supply disruptions.Oil prices have been well-supported in recent sessions due to a combination of Nigerian,Libyan and Venezuelan supply outages, declining U.S. shale output and reduced production of Canadian crude as a result of fires in Alberta’s oil sands region.
  • Silver futures rallied in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal ahead of key US consumer price data which may dictate the likely trajectory of US interest rate movement this year. Data released on Monday showed that manufacturing activity in New York shrank in May following three months of expansion amid weakness in new orders and inventories signaling softness in the American manufacturing sector.


  • The main concern regarding the financial stability of banks in the euro zone is that new EU rules on rescuing lenders without using taxpayers’ money have not yet been tested on them, the European Central Bank’s chief economist said on Tuesday.Speaking at a conference in Brussels, Peter Praet said that financial stability has been enhanced but added that “the main concern is that bail-in for large and complex institutions has not been tested yet”.
  • The euro zone banking sector is facing a severe profitability shock, European Central Bank chief economist Peter Praet said on Tuesday, pointing to high costs, an excessive amount of bad debt in some countries and the lack of necessary consolidation.”We have in the sector a severe profitability shock,” Praet told a conference in Brussels.Praet said the sector would benefit from the formation of pan-European banking groups and the completion of the banking union.
  • A recent poll taken ahead of the June 23 referendum to decide on the U.K.’s membership in the European Union (EU) showed Tuesday that those preferring to leave surpassed those wishing to remain, though one out of every five Britons were still undecided.The TNS survey showed that those British citizens preferring a Brexit, as the preference to leave the EU is known, rose by five points to 41%, while support for the Remain camp slipped one point to 38%.


  • BUY GOLD ABOVE 1272 TARGET 1277 1283 SL 1267
  • SELL GOLD BELOW 1268.8 TARGET 1263.8 1257.8 SL 1273.8

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Forex trading

IForex Market Trading Signals and News – 18 May 2016


  • Forex -Sterling pares back gains as U.K. inflation slows
  • Forex -Dollar holds steady, string of U.S. data on tap
  • Forex- Aussie and kiwi move higher on RBA minutes, oil rally

EUR/USD was virtually flat on Tuesday, as investors digested hawkish signals from the Federal Reserve on the increased likelihood of multiple interest rate hikes from the U.S. central bank this year despite the release of subdued core inflation figures earlier in the session. The currency pair traded in a tight range between 1.1302 and 1.1347, before settling at 1.1314, down 0.0001 or 0.01% on the session. The euro has closed lower against the dollar in three of the last four sessions and nine of the last 11. Though the euro is only up modestly against the dollar over the last month, it still remains up by more than 4% against its American counterpart since the start of 2016. Incredibly, EUR/USD is only down 0.0003 from its level 52 weeks ago. EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1713, the high from Aug. 24.

The pound pared back gains against the dollar on Tuesday after data showing that the rate of inflation in the U.K. slowed in April for the first time since September 2015. GBP/USD was last at 1.4458, down from around 1.4494 ahead of the report. The Office for National Statistics reported that the consumer price index rose by an annualized 0.3% in in April, slowing from 0.5% in March.Economists had expected the rate of inflation to remain stable at 0.5%. Consumer prices rose just 0.1% from a month earlier in April, slowing sharply from 0.4% in March and below forecasts for a gain of 0.3%.Falling air fares and price drops for clothing, vehicles and rent charged for social housing were the main contributors to the slowdown in inflation, the ONS said. Air fares fell by 14.2% in April, having jumped in March to take advantage of holidaymakers travelling for Easter.


  • BUY GBP/USD ABOVE 1.4530 TGT 1.4550 1.4580 SL 1.4500
  • SELL GBP/USD AROUND 1.4510 TGT 1.4490 1.4460 SL 1.4540

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Financial Sgx Singapore Stock Market Trading Picks And News – 18 May 2016


  • The Straits Times Index (STI) ended 45.05 points or 1.65% higher to 2781.11, taking the year-to-date performance to -3.53%.
  • The top active stocks today were ThaiBev, which gained 5.42%, Global Logistic, which gained 4.00%, DBS, which gained 1.14%, OCBC Bank, which gained 2.05% and UOB, with a 2.10% advance.
  • The FTSE ST Mid Cap Index gained 0.71%, while the FTSE ST Small Cap Index rose 1.27%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 5.83%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 6.07% higher and 5.77% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.13%. Raffles Medical Group shares declined 0.63% and Riverstone Holdings declined 1.12%.
  • The three most active Exchange Traded Funds (ETFs) by value today were:SPDR Gold Shares (-0.83%), STI ETF (+1.43%), IS MSCI India 100 (+1.81%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.43%), Capitacom Trust (+1.08%), Capitamall Trust (+0.49%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (+5.00%), HSC8400UBeCW160629 (+13.12%), HSI20800UBeCW160629 (+7.69%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+15.79%), KepCorp MBeCW161101 (+23.81%)


  • BUY EZION ABOVE 0.510 TGT 0.530 0.560 SL 0.485

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