Daily Archives: May 31, 2016


Comex Trading Signals and Market News – 31 May 2016


  • Silver futures plunged during morning trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking a bearish trend in the overseas market as a stronger dollar curbed the lure for the bullion as an alternative asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming demand.
  • Oil prices were modestly lower in quiet European trade on Monday, as a broadly stronger U.S. dollar prompted market players to lock in gains from a recent rally which took prices above the key $50-level.Both Brent and West Texas Intermediate oil futures cracked $50 late last week for the first time since October as traders eyed supply disruptions in Nigeria, France, Canada and Venezuela.
  • Gold futures fell sharply in European trade on Monday, dropping below the key $1,200-level for the first time since February as investors continued to factor in an increased chance of a near-term U.S. interest rate rise.In remarks made during an appearance at Harvard University Friday afternoon, Federal Reserve Chair Janet Yellen said a rate hike in the coming months “would be appropriate,” if the economy and labor market continue to improve.


  • German Finance Minister Wolfgang Schaeuble said on Monday that the European Central Bank’s responsibility for the entire euro zone meant the institution was not implementing the best monetary policy for Germany. He said it was necessary to recognise that “the ECB has to pursue a policy in a currency union for all 19 member states that is not the optimal monetary policy for Germany”.
  • St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be “well-prepared” for a summer interest rate hike from the Fed, although he did not specify a date for the policy move. “My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too surprising given our liftoff from December and the policy of the committee which has been to try to normalize rates slowly and gradually over time,” Bullard told a news conference after speaking at an academic conference in Seoul.
  • India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers,
    as Prime Minister Narendra Modi strives to bring the rural poor into the mainstream banking system.Unscrupulous operators have bilked savers of billions of dollars by running pyramid schemes or promoting questionable investments in everything from tree plantations to farming emus, a flightless bird.


  • BUY GOLD ABOVE 1211 TARGET 1216 1222 SL 1206
  • SELL GOLD BELOW 1199.7 TARGET 1194.7 1188.7 SL 1204.7

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IForex Market Trading Signals and News – 31 May 2016


  • Forex – Dollar rallies to 1-month highs vs. yen on rate hike view
  • Forex – Aussie, kiwi slide lower vs. broadly stronger greenback
  • Forex- Dollar holds steady at 2-month highs on Yellen remarks

The EUR / USD tested the lower boundary of the rising channel; you can see a rebound there. The RSI on the four-hour chart rebounded from the support level, indicating the growth of the European currency. Thus, the forecast EUR / USD on 31 May 2016 provides the consolidation in the 1.1120 area and the upward movement development. There are attempts of the “bears” to break the ascending channel – the main support is in the 1.1100 area.

The pound was fixed above the level of 1.46, the main purpose for the “bulls” is above the May maximums. The indicator of the RSI is in the neutral zone and is ready to resume growth to the resistance level, which indicates in favor to the quotations growing. The GBP / USD forecast for 31 May 2016 considers the strengthening of the pound, but as the referendum approached the UK’s membership in the European Union, the volatility will increase.


  • BUY GBP/USD ABOVE 1.4590 TGT 1.4610 1.4640 SL 1.4560
  • SELL GBP/USD BELOW 1.4569 TGT 1.4549 1.4509 SL 1.4599

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Financial Sgx Singapore Stock Market Trading Picks And News – 31 May 2016


  • The Straits Times Index (STI) ended 5.76 points or 0.21% lower to 2796.75, taking the year-to-date performance to -2.98%.
  • The top active stocks today were DBS, which gained 0.06%, SingTel, which declined 0.76%, Noble, which declined 8.20%, Global Logistic, which gained 1.40% and Genting Sing, with a 3.40% advance.
  • The FTSE ST Mid Cap Index declined 0.17%, while the FTSE ST Small Cap Index declined 0.04%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 0.69%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 0.92% higher and 0.71% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.41%. Silverlake Axis shares declined 1.98% and CSE Global remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (-0.35%), SPDR Gold Shares (-1.32%), IS MSCI India 100 (-0.73%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (-0.49%), Capitacom Trust (+0.71%)
  • The most active index warrants by value today were : HSI20000MBePW160629 (-11.67%), HSI21000MBeCW160629 (+1.67%), HSI19600MBePW160629A (-7.90%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-1.98%), KepCorp MBeCW161101 (+3.95%), DBS MB eCW161031 (unchanged)


  • BUY FEDERAL INT ABOVE 0.270 TGT 0.280 0.290 SL 0.260

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