Daily Archives: June 30, 2016


Comex Trading Signals and Market News – 30 June 2016


  • Oil prices pushed higher in European trade on Wednesday, extending overnight gains, amid speculation weekly supply data due later in the session will show U.S. crude inventories fell at a faster pace than expected last week.The U.S. Energy Information Administration will release its weekly report on oil supplies at 14:30GMT, or 10:30AM ET, amid expectations for a drop of 2.4 million barrels.
  • Gold prices were higher in European trade on Wednesday, bouncing back from the prior session’s losses as market players all but ruled out further rate hikes by the Federal Reserve this year in the aftermath of Britain’s shock vote to leave the EU.Gold for August delivery on the Comex division of the New York Mercantile Exchange tacked on $5.30, or 0.4%, to trade at $1,323.20 a troy ounce by 06:45GMT, or 2:45AM ET.
  • Nickel futures were trading lower by nearly 0.83 per cent during the afternoon trade in the domestic market on Wednesday as speculators reduced their exposure tracking a weak trend at the domestic spot markets on low demand. The fall in nickel prices was mostly in tune with a weak trend at the domestic spot markets due to muted demand from alloy-makers but a firm trend in base metals at the LME restricted losses.


  • Member nations of Latin America’s Pacific Alliance trade bloc must strengthen their relationships and keep clear of the isolationist path represented by Britain’s exit from the European Union, Chile’s foreign minister said on Wednesday.” At  a time that seems dominated by the discord and disintegration brought by ‘Brexit’ and by the lamentable attack in Turkey, what we are doing is constructing realistic, flexible and pragmatic integration,” Foreign Minister Heraldo Munoz said as the Pacific Alliance kicked off its summit in the scenic town of Puerto Varas.
  • Dissenters to the Bank of Japan’s stimulus measures remain a minority on its board, but their call to scrap the time frame for its inflation target is gaining converts and casting doubt on the credibility of bank governor Haruhiko Kuroda and his broader program.In a bid to end two decades of debilitating deflation, Kuroda began a huge money-printing program when he took office in 2013, tied to a two-year target to push inflation to 2 percent.
  • British banks’ closure of hundreds of branches in the last three years has more than halved lending to small businesses in the areas affected, research on Thursday showed, ahead of a debate in parliament about the impact of the cuts. Britain’s biggest banks HSBC (L:HSBA), Barclays (L:BARC), Royal Bank of Scotland (L:RBS) and Lloyds Banking Group (L:LLOY) have been steadily shrinking their branch networks to cut costs while investing in online and mobile banking services.


  • BUY GOLD ABOVE 1321.5 TARGET 1326.5 1332.5 SL 1316.5
  • SELL GOLD BELOW 1315.5 TARGET 1310.5 1304.5 SL 1320.5

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IForex Market Trading Signals and News – 30 June 2016


  • Forex – Sterling pushes higher as Brexit worries ease
  • Forex – Aussie holds steady, kiwi moves higher vs. greenback
  • Forex – Yen gains further in Asia as Japan economic policy team to meet

EUR/USD is currently trading with a slight bullish bias. Yesterday, euro retraced to the upper side but is yet to reach our target reversal point at 1.1113. During this intraday, we expect a possible bullish price action towards 1.1113, where we’ll be looking to go short with our ideal target below 1.0935. This pair should be traded alongside GBP/USD, NZD/USD, AUD/USD and GBP/JPY. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intaday.

The pound pushed higher on Wednesday as market sentiment continued to stabilize after last week’s shock U.K. vote to exit the European Union.GBP/USD was up 0.43% at 1.3400, off the 31-year low of 1.3122 set on Monday, a level not seen since 1985. The two-day sell off in sterling seen on Friday and Monday was the largest in recent history. Sterling has tumbled amid fears that Brexit could hit investment in the U.K. economy, threaten London’s role as a global financial capital and usher in a period of slower global economic growth.Political uncertainty in Britain, where Prime Minister David Cameron resigned after the referendum, added to fears over the outlook for the economy.EU leaders were to continue to discuss the implications of Brexit at a summit in Brussels on Wednesday.


  • BUY GBP/USD ABOVE 1.3422 TGT 1.3442 1.3472 SL 1.3392
  • SELL GBP/USD BELOW 1.3350 TGT 1.3330 1.3300 SL 1.3380

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Financial Sgx Singapore Stock Market Trading Picks And News – 30 June 2016


  • The Straits Times Index (STI) ended 36.2 points or 1.31% higher to 2792.73, taking the year-to-date performance to -3.12%.The top active stocks today were SingTel, which gained 1.25%, DBS, which gained 1.50%, UOB, which gained 1.53%, OCBC Bank, which gained 1.19% and CapitaLand, with a 2.38% advance.
  • The FTSE ST Mid Cap Index gained 0.43%, while the FTSE ST Small Cap Index rose 0.59%.
  • The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 2.28%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 1.03% higher and 2.50% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.92%. Midas Holdings shares declined 1.92% and Geo Energy Resources remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+0.71%),DBXT MSCI Korea ETF 10 (+3.76%),IS MSCI India 100 (+1.50%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+3.32%),Frasers L&I Trust (+1.62%),Ascendas REIT (+1.24%)
  • The most active index warrants by value today were : DBS MB eCW161031 (+6.67%),HSI20400UBeCW160929 (+16.44%),HSI20000MBePW160728 (-24.07%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+4.17%),UOB MB eCW161031 (+11.77%),SingTelMBeCW161114 (+25.93%).


  • BUY CHINA EVERBRIGHT ABOVE 0.650 TGT 0.680 0.705 SL 0.620

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