Daily Archives: June 23, 2016


Comex Trading Signals and Market News – 23 June 2016


  • Oil rose further above $50 a barrel on Wednesday supported by an industry report that showed a large drop in U.S. crude inventories and a boost in investor risk appetite ahead of Britain’s referendum on EU membership.U.S. crude inventories fell by 5.2 million barrels, the American Petroleum Institute (API) said on Tuesday, far more than analysts expected.
  • Gold futures extended losses from the prior session in European trade on Wednesday, falling to the lowest level in almost two weeks as investors looked ahead to Thursday’s highly-anticipated referendum on whether Britain will choose to remain in the European Union. Gold for August delivery on the Comex division of the New York Mercantile Exchange fell to an intraday low of $1,263.80 a troy ounce, the weakest since June 9.
  • U.S. natural gas futures rose to a new nine-month high on Tuesday, as forecasts for continued above-normal temperatures across most parts of the U.S. throughout most of summer raised expectations for power generation demand to meet air conditioning needs. Updated forecasts released Monday said temperatures in the Midwest and eastern seaboard will be warmer than previously expected going into the July 4 holiday weekend.


  • The International Monetary Fund said on Wednesday the U.S. economy was “overall in good shape,” with growth set to regain momentum despite an overvalued dollar, but it warned that too many Americans were dropping out of the workforce or living in poverty. The IMF expects U.S. economic growth of 2.2 percent in 2016, a downgrade from 2.4 percent it forecast in April. But the Fund maintained its outlook for growth to recover to 2.5 percent in 2017, with inflation rising slowly toward the Federal Reserve’s goal of two percent, it said in a statement at the conclusion of its annual review of U.S. economic policies.
  • The European Central Bank reinstated Greek banks’ access to its cheap funding operations on Wednesday after more than a year on an emergency lifeline and said it would examine later whether to add Greek debt to its asset purchases. The restoration is a big step toward normalizing an economy that is still in recession, weighed down by capital controls and adjustments related to Greece’s third bailout since 2010, agreed last year and worth up to 86 billion euros ($97 billion).
  • Federal Reserve Chair Janet Yellen said she has not scheduled special meetings for Friday or Saturday in order to respond to the “Brexit” vote in Britain over its membership in the European Union.”Brexit is a risk that we are monitoring. We will be watching closely to see what the vote is and what possible repercussions it might have,” Yellen told lawmakers on Wednesday ahead of Britain’s vote scheduled for Thursday, adding in response to a question over whether she has special meetings scheduled: “No, I have not.”


  • BUY GOLD ABOVE 1270 TARGET 1275 1281 SL 1265
  • SELL GOLD BELOW 1260 TARGET 1255 1249 SL 1265

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Financial Sgx Singapore Stock Market Trading Picks And News – 23 June 2016


  • The Straits Times Index (STI) ended 11.42 points or 0.41% lower to 2789.45, taking the year-to-date perform-
    ance to -3.24%.The top active stocks today were Frasers L&I Trust, which closed unchanged, DBS, which
    gained 0.50%, SingTel, which declined 0.26%, OCBC Bank, which declined 0.12% and CapitaMall Trust, with
    a 1.46% fall.
  • The FTSE ST Mid Cap Index declined 0.29%, while the FTSE ST Small Cap Index declined 0.19%.The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 0.67%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – remained unchanged and
    ended 1.64% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.53%. Silverlake Axis shares declined 2.02% and CSE Global increased 1.16%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (unchanged),SPDR Gold Shares (-0.44%),DBXT FT China 25 ETF 10 (+0.65%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Frasers L&I TR (unchanged),Capitamall Trust (-1.46%),Suntec REIT (+0.60%)
  • The most active index warrants by value today were : HSI20600MBeCW160728 (+8.00%),HSI20000MBePW160728 (-13.27%),HSI21400MBeCW160728 (+10.00%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+1.87%),UOB MB eCW161031 (unchanged),OCBC Bk MB eCW161003 (+3.70%).


  • BUY SECURA ABOVE 0.195 TGT 0.203 0.210 SL 0.187

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IForex Market Trading Signals and News – 23 June 2016


  • Forex – Sterling steady on eve of Brexit referendum
  • Forex – Aussie and kiwi move higher vs. weaker greenback
  • Forex – Aussie nearly flat in Asia as Brexit vote in focus

EUR/USD has posted slight gains on Wednesday, following two days of losses. The pair is trading at 1.1270. On the release front, the Eurozone releases HPI and Consumer Confidence. The US will release Existing Home Sales, with the markets expecting the indicator to improve to 5.53 million. As well, Federal Reserve chair Janet Yellen will testify before the House Financial Services Committee regarding the Fed’s Monetary Policy Report. On Thursday, the US will release Unemployment Claims.With just one day left until the Brexit referendum vote in the UK, the campaign be- tween the “In” and “Out” camps is going down to the wire. Polls continue to predict a very close vote, but market sentiment is leading towards the UK staying within the EU.

The pound was steady against the dollar on Wednesday, with one day to go before the U.K.’s referendum on European Union membership, as polls showed that the race between the Leave and Remain campaigns remains tight. GBP/USD was at 1.4644, holding below Monday’s six-month highs of 1.4782.An opinion poll on Tuesday showed that the campaign for the U.K. to stay in the EU lost some of its lead ahead of Thursday’s vote.The Survation poll showed that 45% of voters supported the campaign to remain in the EU, with 44% supporting Brexit, as a vote to leave is known. 11% were undecided.This compared to the 45% voting for remain and 42% voting to leave in an earlier survey. Two opinion polls released on Monday indicated that support for the Remain camp had regained its lead after falling behind last week.


  • BUY GBP/USD AROUND 1.4530 TGT 1.4550 1.4580 SL 1.4500
  • SELL GBP/USD BELOW1.4640 TGT 1.4620 1.4590 SL 1.4670

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