Daily Archives: June 14, 2016


Comex Trading Signals and Market News – 14 June 2016


  • Oil prices edged lower in European trade on Monday, with the U.S. benchmark falling further below the $50-level amid indications of increased domestic drilling activity.Crude oil for July delivery on the New York Mercantile Exchange fell to an intraday low of $48.21 a barrel, the weakest level June 2. It last stood at $48.56 by 07:50GMT, or 3:50AM ET, down 51 cents, or 1.04%.On Friday, New York-traded oil prices sank $1.49, or 2.95%, after data showed the U.S oil rig count rose the second straight week last week, underlining concerns over growing supplies.
  • Gold futures extended last week’s strong gains in European trade on Monday, hitting a fresh four-week high as investors looked ahead to the Federal Reserve’s policy meeting later this week and amid mounting jitters over the upcoming referendum on whether the U.K. would remain in the European Union.The Fed is not expected to take action on interest rates at the conclusion of its two day policy meeting on Wednesday.
  • Copper futures closed lower in the domestic market on Friday as headwinds from a mid-term U.S. rate hike that have boosted the dollar added to pressure from tepid physical demand in top user China. 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.


  • U.S. Treasuries are not as safe as investors assume, fund manager Michael Hasenstab said on Monday, as full employment and rising inflation put pressure on central bankers to raise rates.The U.S. Federal Reserve could tighten monetary policy as inflation rises to 3 percent this year and oil prices stabilize, according to Hasenstab, chief investment officer of Templeton Global Macro, who spoke at the Morningstar Inc Investment Conference in Chicago.
  • The California Public Employees’ Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds.In May, CalPERS bought a 10 percent stake of the road’s concession, representing the first U.S. transportation investment for the nation’s largest public pension fund. The Indiana Toll Road had been acquired out of bankruptcy in 2015 for about 50 percent more than its original 2006 price by a fund made up of more than 70 U.S. pension plans.
  • Britain’s status as a trade power has become one of the most contentious issues in the European Union membership referendum on June 23.The uncertain outlook for exporters, and the implications for investment in Britain, are driving much of the nervousness in financial markets where the pound has weakened sharply.


  • BUY GOLD ABOVE 1286.7 TARGET 1291.7 1297.7 SL BELOW 1281.7
  • SELL GOLD BELOW 1282.8 TARGET 1277.8 1271.8 SL ABOVE 1287.8

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IForex Market Trading Signals and News – 14 June 2016


  • Forex – Pound hits 2-month lows as Brexit fears mount, yen rallies
  • Forex – Aussie edges higher, kiwi slips with focus on Fed meeting
  • Forex – Yen gains sharply on safe haven buying, China data assessed

The EUR/USD pair fell slightly during the course of the day on Friday, as we continue to grind lower. However, the markets have quite a bit of support below, especially considering that we have the massive impulsive candle from last Friday when the jobs number was so poor. Because of this, it is more than likely only a matter time before the buyers return to this marketplace. Short-term speaking, this market could drop down to the 1.12 level, but that should be where the buyers start to return to take advantage of value.EUR/USD is currently trading with a strong bearish bias. on 10th June 2016, this pair broke below a significant support level 1.1283 and is still pretty much bearish.

The Pound had another bearish session on Friday and continued lower today in early trading as nervous traders exited their positions in the wake of the newest Brexit polls. The positive economic releases of the week were mostly ignored, as investors consider the vote as the primary risk for the currency. The technical picture remains neutral, with strong resistance above the current rate around 1.4385 and support at 1.4150. The prior lows near 1.3850 still seem distant, despite the recent volatility in the pair.The pound fell to two month lows against the dollar on Monday and hit multi-year lows against the stronger yen as worries over a U.K. referendum on European Union membership next week took hold. GBP/USD was down 0.49% at 1.4185, the weakest level since April 18.Sterling has sold off in recent sessions amid fears that a U.K. exit or Brexit from the EU in the June 23 referendum could trigger a period of uncertainty in financial markets and hit growth in the region.


  • BUY GBP/USD ABOVE 1.4183 TGT 1.4203 1.4233 SL 1.4153
  • SELL GBP/USD BELOW 1.4158 TGT 1.4138 1.4108 SL 1.4188

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Financial Sgx Singapore Stock Market Trading Picks And News – 14 June 2016


  • The Straits Times Index (STI) ended 37.54 points or 1.33% lower to 2785.43, taking the year-to-date performance to -3.38%.
  • The top active stocks today were DBS, which declined 1.45%, SingTel, which declined 1.03%, OCBC Bank, which declined 2.42%, UOB, which declined 1.67% and CapitaLand, with a 1.32% fall.
  • The FTSE ST Mid Cap Index declined 1.16%, while the FTSE ST Small Cap Index declined 1.10%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which closed unchanged.
  • The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources – both ended the trading day unchanged.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.05%. Keppel Corp shares declined 3.40% and Sembcorp Industries declined 1.74%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.53%), iShares USD Asia HY Bond ETF (unchanged), STI ETF (-1.39%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.43%), Capitamall Trust (-0.49%), Capitacom Trust (-1.42%)
  • The most active index warrants by value today were : HSI19400UBePW160929 (+15.49%), HSI21200UBeCW160929 (-17.16%), HSC9400UBeCW160929 (-17.24%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-12.04%), UOB MB eCW161031 (-10.19%), KepCorp MB eCW161101 (-17.44%)


  • BUY CHINA ENV ABOVE 0.039 TGT 0.042 0.045 SL 0.037

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