Daily Archives: June 17, 2016


Comex Trading Signals and Market News – 17 June 2016


  • Copper futures were trading lower during the evening trade in the domestic market on Thursday on worries that Britain may vote to exit the EU next week drove investors away from risky assets.Investors focus shifted to safe-haven assets amid global worries weighed on Copper futures.
  • Gold futures were trading higher during the afternoon trade in the domestic market on Thursday as speculators raised their bets after the precious metal climbed above USD 1300 an ounce in the global markets.Rally in gold prices in the global market where it again went past USD 1300 after the US Fed scaled back the outlook for interest-rate increase and US Fed Chair Janet Yellen signaled rates may stay lower for longer raised appeal of the yellow metal influenced gold futures in domestic market.
  • Silver futures closed lower during the evening trade in the domestic market on Wednesday as speculators trimmed their exposure amid a weak trend in global markets.Speculators indulged in trimming of positions at existing levels and a weak trend in precious metals globally kept pressure on Silver futures.


  • The Federal Reserve left rates on hold on Wednesday and lowered projections for how much they will rise in the coming years.”We are quite uncertain about where rates are heading in the longer term,” Fed Chair Janet Yellen said. The U.S. central bank indicated that it still planned two hikes this year.The Fed lowered its growth forecast for 2016 to 2% from 2.2% and its outlook for 2017 to 2% from 2.1%.
  • The European Central Bank (ECB) and the Bank of England (BoE)have agreed to provide liquidity to each other if    needed, ECB governing council member Ewald Nowotny said ahead of Britons’ June 23 vote on whether to stay in the European Union. “There are agreements between the (ECB and the BoE) for mutual liquidity help, which means that if necessary it will be assured that there would not be liquidity bottlenecks either at English banks or at European banks,” Nowotny said on Thursday.
  • Global bonds extended this week’s rally on Thursday, with yields on Japanese and German 10-year government bonds dropping deeper into negative territory as investors digested the latest monetary policy decisions from the Federal Reserve and Bank of Japan, while continuing to worry about a potential U.K. exit from the European Union. The 10-year Japanese government bond yield hit a record low of -0.202% before climbing back to -0.198% by 09:25GMT, or 5:25AM ET. A negative yield implies investors are paying borrowers for the privilege of parking their cash. Bond prices move inversely to yields.


  • BUY GOLD ABOVE 1302 TARGET 1307 1313 SL 1297
  • SELL GOLD BELOW 1300 TARGET 1295 1289 SL 1300

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IForex Market Trading Signals and News – 17 June 2016


  • Forex – Yen soars as Bank of Japan holds off from further easing
  • Forex – Sterling trims losses after UK retail data, BoE ahead
  • Forex – Dollar index moves lower after Fed statement

EURUSD bounced off the 1.120 support level and looks to be ranging within 1.130 and 1.120 levels. The minor resistance at 1.130 – 1.1285 was tested briefly yesterday with prices being rejected at this level. A break above 1.130 is required for EUR/USD to extend its gains towards 1.1380. To the downside, prices are likely to remain range bound above 1.1217 levels. A break below this support could see EURUSD test the lower end at 1.11430. We could, therefore, expect EURUSD to remain range bound in the near term with further gains or declines coming on a break of the respective resistance or support levels.

The pound trimmed losses against the dollar on Thursday as data showing a surge in U.K. retail sales in May indicated that the economy is holding up despite uncertainty over next week’s European Union membership referendum.GBP/USD was at 1.4162, up from earlier lows of 1.4121The pound found support after the Office for National Statistics said retail sales rose 6.0% in May from the same month a year earlier, the biggest annual rise since September., Economists had expected a 3.9% increase. April’s retail sales growth was revised up to 5.2% from 4.3%, the ONS said.


  • BUY GBP/USD ABOVE 1.4192 TGT 1.4212 1.4142 SL 1.4162
  • SELL GBP/USD BELOW 1.4120 TGT 1.4100 1.4070 SL 1.4150

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Financial Sgx Singapore Stock Market Trading Picks And News – 17 June 2016


  • The Straits Times Index (STI) ended 22.69 points or 0.82% lower to 2751.56, taking the year-to-date performance to -4.55%.
  • The top active stocks today were DBS, which declined 0.89%, SingTel, which declined 0.79%, OCBC Bank, which declined 1.18%, UOB, which declined 1.05% and Keppel Corp, with a 1.86% fall.
  • The FTSE ST Mid Cap Index declined 0.85%, while the FTSE ST Small Cap Index declined 1.20%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which declined 0.16%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 0.70% higher and 1.26% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 2.39%. Silverlake Axis shares declined 2.94% and CSE Global declined 1.16%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+1.95%), STI ETF (-1.06%), IS MSCI India 100 (-0.74%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (unchanged), Capitacom Trust (+0.36%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (-22.33%), HSI22400UBeCW161028 (-24.29%), HSI21400MBeCW160728 (-28.30%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-7.00%), UOB MB eCW161031 (-8.51%), DBS MB ePW161003 (+6.41%)


  • BUY ANCHOR RESOURCES ABOVE 0.118 TGT 0.124 0.128 SL 0.112

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