Daily Archives: June 3, 2016


Comex Trading Signals and Market News – 03 June 2016


  • Oil prices held broadly steady on Thursday, set for their third week of gains, ahead of an OPEC meeting that analysts said was not expected to result in restrictions on crude output.The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in Vienna, with Riyadh trying to revive coordinated action or a formal oil output target, but Tehran refusing to cooperate.
  • Gold futures inched higher in European trade on Thursday, reversing modest overnight losses as market players looked ahead to key U.S. employment data for more clues on the Federal Reserve’s next move.The U.S. was to release the ADP jobs report for May at 12:15GMT, or 8:15AM ET, followed byweekly jobless claims data at 12:30GMT, or 8:30AM ET. Market players are also focusing on Friday’s U.S. nonfarm payrolls report.
  • Copper futures fell during noon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal as soft China manufacturing and services data signaled a worsening slowdown in the world’s biggest metals consumer darkening the demand outlook for copper.


  • Any tax increases to help plug Brazil’s sweeping budget deficit have to be temporary, interim President Michel Temer said on Thursday, adding that the government is focused on curbing expenditures to rebalance public finances. In an interview with TV channel SBT, Temer did not rule out reviving the CPMF tax on financial transactions, which Congress scrapped eight years ago. He has long voiced concerns over the use of tax hikes to cut the deficit, saying the move may hamper efforts to pull Brazil out of a harsh and lengthy recession.
  • Gramercy Funds Management LLC sued Peru for $1.6 billion in a dispute over the country’s 40-year-old land-reform bonds on Thursday, three days before a presidential election.U.S.-based Gramercy said in a statement it had filed the arbitration claim because it disagreed with the way Peru calculated the current value of the land bonds when it agreed to honor them in 2013.
  • Global revenue from the satellite industry reached $208 billion in 2015, a 3 percent increase over 2014, a trade association report released on Thursday showed.U.S. companies accounted for 43 percent of the revenue, the Satellite Industry Association said in its annual report. Globally, 2015 revenues for the satellite industry totaled just over $208 billion, up from about $203 billion in 2014.


  • BUY GOLD ABOVE 1213.75 TARGET 1215 1216.25 SL 1211.90
  • SELL GOLD BELOW 1211.50 TARGET 1210.50 1209 SL 1213.50

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Forex trading

IForex Market Trading Signals and News – 03 June 2016


  • Forex – Pound rises against weaker dollar, but gains checked
  • Forex – Dollar hits two-week low against yen
  • Forex – Aussie slides lower after mixed data, kiwi holds steady

The EURUSD pair opens today’s trading with more positivity to start the breaching process to 1.1196 resistance, and as we mentioned yesterday, breaching this level represents key factor to confirm the continuation of the bullish trend, opening the way to head towards our next main target at 1.1356.Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by the EMA50 that carries the price from below now, conditioned by the price stability above 1.1170 and the most important above 1.1066. Expected trading range for today is between 1.1110 support and 1.1320 resistance.

The pound moved higher against softer dollar on Thursday as doubts over a near-term U.S. rate hike hit the greenback, but sterling’s gains were held in check after disappointing U.K. construction sector data.GBP/USD was up 0.16% at 1.4436, holding below session highs of 1.4467. The pound’s gains were checked after survey data showing that the slowdown in the U.K. construction sector continued in May, amid the first drop in new orders since April 2013. The Market construction purchasing managers’ index fell to 51.2 from April’s reading of 52.0. Economists had expected an unchanged reading.The report said that delay’s to client decision making ahead of the European Union membership referendum on June 23 had contributed to the slowdown.


  • BUY GBP/USD ABOVE 1.4470 TGT 1.4490 1.4520 SL 1.4400
  • SELL GBP/USD BELOW 1.4418 TGT 1.4398 1.4368 SL 1.4448

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Financial Sgx Singapore Stock Market Trading Picks And News – 03 June 2016


  • The Straits Times Index (STI) ended 4.55 points or 0.16% higher to 2795.09, taking the year-to-date performance to -3.04%.
  • The top active stocks today were DBS, which declined 0.07%, ThaiBev, which gained 2.78%, SingTel, which closed unchanged, UOB, which closed unchanged and Wilmar Intl, with a 1.80% advance.
  • The FTSE ST Mid Cap Index gained 0.10%, while the FTSE ST Small Cap Index rose 0.22%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 2.24%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 1.80% higher and 2.78% higher respectively.
  • The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which slipped 0.55%. CapitaMall Trust shares declined 0.99% and Ascendas REIT declined 0.43%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.59%), DBXT MSCI Indonesia ETF 10 (unchanged), STI ETF (+1.06%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.43%), Capitamall Trust (-0.99%), Capitacom Trust (-1.07%)
  • The most active index warrants by value today were : HSI19400UBePW160929 (-4.57%), HSI21000MBeCW160629 (+13.85%), HSI23800UBeCW161229 (+17.65%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (unchanged), KepCorp MBeCW161101 (unchanged), UOB MB eCW161031 (+2.89%)


  • BUY FEDERAL INT ABOVE 0.330 TGT 0.345 0.355 SL 0.315

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