Daily Archives: June 13, 2016


Comex Trading Signals and Market News – 13 June 2016


  • Gold prices slid lower on Friday, as a stronger U.S. dollar weighed but the precious metal still remained within close distance of a three-week highs amid lower expectations for a summer U.S. rate hike. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery declined 0.34% to $1,268.25.
  • Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery    demand and global supply disruptions lent some support.International Brent crude oil futures were trading at $51.59 per barrel at 0537 GMT, down 36 cents from their last settlement. U.S. West Texas Intermediate (WTI) futures were down 38 cents at $50.18 a barrel.
  • Copper futures closed lower in the domestic market on Thursday as dollar strengthened after U.S. data revived expectations of an imminent Fed rate rise while higher inventories reinforced negative sentiment.The dollar was bolstered by an unexpected drop in domestic jobless claims last week calming some worries about U.S. economic growth decelerating in the second quarter.


  • Growth in China’s fixed-asset investment and retail sales cooled unexpectedly in May, but factory output growth was steady, doing little to clear up uncertainty over prospects for the world’s second-largest economy. Factory output grew 6 percent in May from a year earlier, the National Bureau of Statistics (NBS) said on Monday. Economists polled by Reuters had expected growth to ease slightly to 5.9 percent from 6 percent in April.
  • Foreign investors are bailing out of Japanese stocks as a wobbly economy feeds disillusionment about ‘Abenomics’, sparking bouts of volatility in a market increasingly shaken up by policy decisions of the Bank of Japan. The trouble is that long-term focused foreign funds have turned bearish on doubts that Tokyo can pull Japan out of two decades of economic stagnation, despite more than three years of massive monetary and fiscal stimulus.
  • New York state regulators have asked Goldman Sachs Group Inc (N:GS) for details about probes into billions of dollars it raised in a bond offering for a scandal-hit Malaysian fund, a person familiar with the matter said on Friday. The New York State Department of Financial Services, in a letter sent late Thursday, asked Goldman for a report on its in-house investigation into the matter, as well as others by U.S. and foreign regulators, said the person, who was not authorized to publicly discuss the matter.


  • 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 – 13 June 2016


  • Forex – Dollar edges higher vs. euro, holds steady against yen
  • Forex – Yen holds gains in Asia after PPI data, Aussie down
  • Forex – Yen a bit stronger in Asia ahead of producer prices data

EUR/USD fell sharply, erasing all of its gains from the previous session, as both Mario Draghi and George Soros voiced concern about the state of the euro area economy, as well as global economic conditions overall.The currency pair traded in a tight range between 1.1305 and 1.1416, before settling at 1.1318, down 0.69% on the session. Over a volatile last month of trading, the euro is still up by nearly 1% against the dollar. Despite Thursday’s considerable losses, the euro has still settled above 1.13 at the close of U.S. markets in six straight sessions.EUR/USD likely gained support at 1.1055, the low from March 15 and was met with resistance at 1.1616, the high from May 3.

The pound dropped to seven-week lows against the U.S. dollar on Friday, as fears of a potential British exit from the European Union, or Brexit, continued to dampen demand for sterling, while upbeat U.S. consumer sentiment boosted the greenback. GBP/USD hit 1.4324 during U.S. morning trade, the pair’s lowest since April 22; the pair subsequently consolidated at 1.4339, declining 0.84%.Cable was likely to find support at 1.4349, the low of June 6 and a three-week low and resistance at 1.4527, Thursday’s high.The pound came under selling pressure this week amid mounting fears of a potential Brexit victory at the U.K. referendum scheduled on June 23.


  • BUY GBP/USD ABOVE 1.4460 TGT 1.4480 1.4510 SL 1.4430
  • SELL GBP/USD AROUND 1.4555-1.4552 TGT 1.4535 1.4505 SL 1.4585

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Financial Sgx Singapore Stock Market Trading Picks And News – 13 June 2016


  • The Straits Times Index (STI) ended 20.83 points or 0.73% lower to 2822.97, taking the year-to-date performance to-2.07%.
  • The top active stocks today were DBS, which declined 0.06%, SingTel, which declined 1.27%, OCBC Bank, which declined 0.80%, UOB, which declined 0.69% and Global Logistic, with a 1.62% fall.
  • The FTSE ST Mid Cap Index declined 0.55%, while the FTSE ST Small Cap Index declined 0.43%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.16%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 0.88% lower and 1.67% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.25%. Silverlake Axis shares declined 2.78% and CSE Global increased 2.35%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.44%), STI ETF (-0.69%), DBXT FT China 25 ETF 10 (-1.96%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.86%), Capitamall Trust (unchanged), apitacom Trust (unchanged)
  • The most active index warrants by value today were : HSI20000MBePW160728 (+14.09%),HSI20600MBePW160629 (+30.19%), HSI21800MBeCW160629 (-43.90%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-3.57%), OCBC BK MB eCW161003 (-12.20%), UOB MB eCW161031 (-7.69%).


  • BUY GS HLDG ABOVE 0.310 TGT 0.335 0.350 SL 0.280

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