Daily Archives: June 8, 2016


Comex Trading Signals and Market News – 08 June 2016


  • Silver futures were trading lower during noon trade in the domestic market on Tuesday as investors and speculators stuck to a cautious approach after Fed Chair Janet Yellen stuck to her view over a gradual hike in US interest rates despite signs last week that the US job market was losing momentum.
  • Copper futures fell during late morning trade in the domestic market on Tuesday as traders awaited China’s foreign trade data to be released tomorrow which may offer fresh cues over the health of the world’s biggest metals consuming nation.A gauge of US labour market conditions deteriorated sharply in May to -4.8 from a revised -3.4 in April confirming the slowdown in the job market in the world’s biggest economy that may curb demand.
  • Crude oil futures consolidated an overnight rally in early trade on Tuesday as reports of more attacks by militants on Nigeria’s oil operations which have pushed the country’s output to the lowest level in 27 years and shut the majority of the country’s 23 gas-powered generators raised supply concerns.


  • India’s central bank is opposed to banks taking a majority stake in planned stressed-asset funds, and would rather have external investors provide their expertise in managing soured loans, Governor Raghuram Rajan said on Tuesday.The Indian government is looking for ways to reduce banks’ distressed debt pile of $120 billion, or 11.5 percent of all loans, as record bad loans restrict the lenders’ abilities to provide fresh credit to fuel the economy.
  • British banks and regulators should disclose more of their communications to prevent a repeat of the financial crisis, a senior UK lawmaker said on Tuesday.Andrew Tyrie, chairman of parliament’s treasury committee, has written to Andrew Bailey, a deputy governor of the Bank of England, saying he wants a detailed explanation of how the regulator balances secrecy and public disclosures.
  • China and the United States agreed to push forward reforms at the International Monetary Fund (IMF) to increase quotas for emerging economies, China’s vice premier Wang Yang said on Tuesday. The United States also will fully consider the impact that normalising monetary policy will have on international markets, he added, at the end of high-level talks between China and the United States in Beijing.One U.S. bank and one Chinese bank will be appointed to act as clearing banks for yuan business in the U.S., he added.


  • BUY GOLD AROUND 1240 TARGET 1245 1250 SL 1236
  • SELL GOLD AROUND 1250-1251 TARGET 1246 1240 SL 1253

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IForex Market Trading Signals and News – 08 June 2016


  • Forex – Sterling jumps 1% as Brexit polls show ‘remain’ camp ahead
  • Forex – Dollar slides lower vs. rivals on Yellen remarks
  • Forex – Aussie and kiwi move higher after RBA holds

EUR/USD is subdued on Tuesday, continuing the lack of activity which marked the Monday session. The pair is trading at 1.1370. On the release front, German Industrial Production posted a gain of 0.8%, matching the forecast. There are no major US events on the schedule, so it could be another quiet day for EUR/USD.The euro is trading quietly after a closely-watched speech by Fed Chair Janet Yellen on Monday. Speaking at the World Affairs Council in Philadelphia, Yellen said she remained optimistic about the US economy and hinted that the Fed would raise interest banks, but crucially, she gave no indication as to when that might occur.

The pound rallied around 1% against the dollar on Tuesday as a number of opinion polls showed the Remain campaign with a lead over the Leave campaign ahead of the June 23 European Union referendum.GBP/USD hit highs of 1.4460 overnight and was last at 1.4588, up 1% from Monday’s close.Sterling also strengthened against the euro, with EUR/GBP down 0.98% at 0.7787.The pound was boosted after an opinion poll published in the Times newspaper late Monday showed support for remaining in the EU with a one-point lead over the ‘Leave’ campaign.\A separate poll, conducted by YouGov for the Times newspaper on Monday also showed a one-point lead for keeping Britain in the EU in the referendum.


  • BUY EUR/USD ABOVE 1.1365 TGT 1.1385 1.1515 SL 1.1335
  • SELL EUR/USD BELOW 1.1355 TGT 1.1335 1.1305 SL 1.1385

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Financial Sgx Singapore Stock Market Trading Picks And News – 08 June 2016


  • The Straits Times Index (STI) ended 16.81 points or 0.59% higher to 2848.09, taking the year-to-date performance to -1.20%.
  • The top active stocks today were UOB, which gained 0.86%, DBS, which gained 0.57%, SingTel, which gained closed unchanged, OCBC Bank, which gained 0.69% and CapitaLand, with a 1.32% advance.
  • The FTSE ST Mid Cap Index gained 0.62%, while the FTSE ST Small Cap Index rose 0.73%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 2.67%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries- ended 1.49% higher and 3.20% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.12%. Midas Holdings shares remained unchanged and Geo Energy Resources increased 0.95%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.69%), CIMB FTSE ASEAN 40 (+1.34%), DBXT MSCI Korea ETF 10 (+2.38%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.42%), Capitamall Trust (unchanged), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSC9400UBeCW160929 (+18.09%), HSI20600MBePW160629 (-25.97%), HSI20000MBePW160728 (-20.23%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+1.96%), KepCorp MB eCW161101 (+10.29%), UOB MB eCW161031 (+7.02%).


  • BUY EZRA ABOVE 0.0073 TGT 0.077 0.080 SL 0.069

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