Daily Archives: June 21, 2016

Forex Signals

IForex Market Trading Signals and News – 21 June 2016


  • Forex – Sterling soars as Brexit fears ease, yen turns lower
  • Forex – Aussie, kiwi climb against broadly weaker greenback
  • Forex – Yen weaker as safe-haven demand eases on polls, pound gains

EUR/USD wobbled on the market mood, suffering from the changing sentiment regarding the British EU Referendum. Apart from the event itself, we have key German surveys and PMIs. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. A UK exit of the EU is also seen as a danger for the euro-zone. When opinion polls showed a stronger lead for the Leave campaign, the euro suffered. When the pound recovered, the euro followed. Elsewhere, inflation figures were confirmed at low levels for May but industrial output surprised to the upside. In the US, the Fed was certainly dovish, but the dollar weakness that followed did not last on its own, nor did the positive retail sales. The upcoming week will see the culmination in the UK, the euro-zone and for many other currencies as well.

GBP/USD surged more than 2% to near one-month highs on Monday, amid shifting public sentiments regarding a potential Brexit, as longstanding concerns related to the U.K.’s possible departure from the European Union continued to ease.The currency pair traded in a broad range between 1.4532 and 1.4719 before settling at 1.4699, up 2.30% on the session. After testing 1.40 last week, a three-month trough last seen in early-March, the British pound has rebounded sharply versus the dollar in each of the last three sessions. The Pound Sterling is now relatively flat against its American counterpart over the last month, erasing considerable losses from the start of June. GBP/USD likely gained support at 1.3852, the low from Feb. 26 and was met with resistance at 1.4770, the high from May 3.


  • BUY GBP/USD ABOVE 1.4675 TGT 1.4695 1.4725 SL 1.4645
  • SELL GBP/USD BELOW1.4585 TGT 1.4565 1.4535 SL 1.4615

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Financial Sgx Singapore Stock Market Trading Picks And News – 21 June 2016


  • The Straits Times Index (STI) ended 28.18 points or 1.02% higher to 2791.6, taking the year-to-date performance to -3.16%. The top active stocks today were DBS, which gained 2.24%, SingTel, which gained 1.58%, OCBC Bank, which gained 2.39%, CityDev, which declined 1.58% and UOB, with a 2.01% advance.
  • The FTSE ST Mid Cap Index gained 0.55%, while the FTSE ST Small Cap Index rose 0.67%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 1.54%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 2.24% higher and 3.25% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.82%. Midas Holdings shares remained unchanged and Geo Energy Resources declined 0.93%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Shares USD Asia HY Bond ETF (-0.47%),STI ETF (+1.42%),SPDR Gold Shares (+0.23%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (unchanged),Suntec REIT (+0.30%),Ascendas REIT (-0.42%).
  • The most active index warrants by value today were : HSI19400UBePW160929 (-11.70%),HSI20000MBePW160728 (-19.86%),HSI21200UBeCW160929 (+20.00%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+15.05%),UOB MB eCW161031 (+12.20%),KepCorp MB eCW161101 (+7.58%).


  • BUY BEST WORLD ABOVE 1.160 TGT 1.205 1.240 SL 1.100

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