Daily Archives: May 20, 2016


Comex Trading Signals and Market News – 20 May 2016


  • Crude oil prices fell by 1.87 per cent on Thursday as the minutes of the Federal Reserve’s April meeting weighed on the commodity with prospects for a rate hike as early as June expected to boost the greenback further. Federal Reserve sent strong indications in its April minutes that it could raise interest rates next month triggering a rapid increase in the slumping dollar.
  • Gold prices fell as minutes from the Federal Reserve suggested a near-term rate hike is possible. Minutes released by the Federal Reserve from its April policy meeting suggested an interest-rate increase in June was possible if incoming data showed an improving economy.
  • The report released by World Metal Statistics (WBMS) that this year, the global primary aluminum market was in a slight excess supply of 48,000 tons during the first 3 months of this year. The primary aluminum demand during the first 3 months was 13.28 million tons, reducing by 664,000 tons compared with the same period last year.


  • The International Monetary Fund backed Saudi Arabia’s sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices.Late last month, Deputy Crown Prince Mohammed bin Salman announced steps to reduce the kingdom’s dependence on oil exports over the next 15 years, including subsidy cuts, tax rises, sales of state assets, a government efficiency drive and efforts to spur private sector investment.
  • Global economic uncertainties and measures to deal with tax evasion will be among the key topics that finance leaders of the G7 advanced economies will discuss at a weekend meeting, Japanese Finance Minister Taro Aso said on Thursday.Bank of Japan Governor Haruhiko Kuroda also warned that there are “various challenges” that G7 economies need to address as the global economy suffers from subdued growth.
  • The first batch of foreign commercial banks has registered to directly trade yuan used for overseas trade settlement and can begin doing so on Friday, the foreign exchange market operator said. Approved foreign commercial banks include CTBC Bank, Taipei Fubon Bank, Standard Chartered (L:STAN) and Citibank Hong Kong Ltd (C).Foreign central banks have already been approved to trade directly in the country’s massive interbank forex market.


  • BUY GOLD ABOVE 1262 TARGET 1267 1273 SL 1257
  • SELL GOLD BELOW 1252 TARGET 1247 1241 SL 1257

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IForex Market Trading Signals and News – 20 May 2016


  • Forex – Sterling up on retail data, hits 3-1/2 month highs vs. euro
  • Forex – Dollar steady at 7-week highs on rate hike hopes
  • Forex- Aussie, kiwi move lower vs. greenback after Fed minutes

EUR/USD is unchanged on Thursday, following sharp losses in the Wednesday session. The pair is trading at 1.1210 in the European session. On the release front, the ECB will release the minutes of its April policy meeting. In the US, there are two key releases. Philly Fed Manufacturing Index is expected to climb 3.2 points, while the forecast for Unemployment Claims is 276 thousand. The Federal Reserve minutes hinted that a June hike remains on the table, and EUR/USD responded with sharp losses of about 100 points. According to the minutes, the Fed wants to see stronger growth in Q2 as well as better numbers from the inflation and employment fronts. If this is achieved, the Fed said it “likely would be appropriate” to raise rates at the June meeting.

The pound extended early gains against the dollar and the euro on Thursday after data showing that U.K. retail sales jumped in April, despite a steep drop in clothing sales which may have been due to unseasonable weather.The Office for National Statistics said retail sales rose 1.3% in April, well above economists’ forecasts for an increase of 0.5%. March’s figures were revised to show a 0.5% drop, a much smaller decline than the initial estimate of a fall of 1.3%.Retail sales volumes were up 4.3% on a year over-year basis, the report said. Sales of most items surged, but clothing sales fell by 6.3% the ONS said, perhaps due to cold weather in April, which hit sales of summer clothes.GBP/USD was up 0.32% at 1.4645 from around 1.4626 ahead of the report.


  • BUY GBP/USD ABOVE 1.4700 TGT 1.4720 1.4750 SL 1.4670
  • SELL GBP/USD AROUND 1.4696-1.4693 TGT 1.4673 1.4643 SL 1.4726

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Financial Sgx Singapore Stock Market Trading Picks And News – 20 May 2016


  • The Straits Times Index (STI) ended 37 points or 1.33% lower to 2740.11, taking the year-to-date performance to -4.95%.
  • The top active stocks today were Global Logistic, which declined 3.15%, SingTel, which declined 1.55%, OCBC Bank, which declined 0.36%, DBS, which declined 0.40% and ThaiBev, with a 4.47% fall.
  • The FTSE ST Mid Cap Index declined 1.08%, while the FTSE ST Small Cap Index declined 0.84%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which declined 0.54%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.01% higher and 1.59% lower respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.61%. Keppel Corp shares declined 2.61% and Sembcorp Industries declined 2.86%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.71%), SPDR Gold Shares (-1.35%), Nikko Am Singapore STI ETF (-1.05%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-2.16%), Capitamall Trust (-1.44%), Capitacom Trust (-2.13%)
  • The most active index warrants by value today were : HSI20200MBeCW160629A (-10.67%), HSI21200UBeCW160929 (-9.46%), HSI20400UBeCW160929 (-5.20%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-4.82%), OCBC Bk MBeCW161004 (+2.82%).


  • BUY RAMBA ENERGY ABOVE 0.200 TGT 0.215 0.230 SL 0.185

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