Daily Archives: July 1, 2016


Comex Trading Signals and Market News – 01 July 2016


  • Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain’s vote to leave the European Union last week.Returning Nigerian supply will put pressure on prices, Goldman Sachs (NYSE:GS) said, adding that outages caused by Canadian wildfires would virtually end by September.
  • Gold prices were lower in European trade on Thursday, reversing overnight gains, as worries about the U.K.’s shock decision to leave the European Union abated, dampening demand for safe-haven assets.Gold for August delivery on the Comex division of the New York Mercantile Exchange shed $8.50, or 0.64%, to trade at $1,318.30 a troy ounce by 06:55GMT, or 2:55AM ET.
  • Natural Gas futures advanced during late morning trade in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity as warm weather across most parts of the US bolstered the demand outlook for the power-plant fuel. Latest weather forecasting models called for hotter than normal temperatures across most parts of the contiguous US from July 8 through July 12 which may boost demand for gas-fired air conditioning at offices and homes.


  • The Federal Reserve provided just $2 million of liquidity to foreign central banks in the latest week via its swap lines, the New York Fed said on Thursday, and analysts said the minuscule pickup suggested little prolonged stress in global markets after Britain’s surprise vote to leave the European Union.”Today’s data shows no signs of any stress, despite the significant volatility in foreign exchange markets and others,” Jefferies & Co.’s money market strategist Tom Simons wrote in a research note.
  • St. Louis Federal Reserve Bank President James Bullard said on Thursday he was sticking with his view that the U.S. central bank needed to make a single increase to interest rates.I would stick with it for now because I don’t see Brexit having material impact on the U.S. over the next two years based on the data I have today,” Bullard told reporters after making a speech in London.
  • Growth in China’s manufacturing sector stalled in June, an official survey showed on Friday, adding to expectations that Beijing will have to roll out more stimulus soon to boost the sluggish economy.The official Purchasing Managers’ Index (PMI) eased to 50.0 in June, compared with 50.1 in May and right at the 50-point mark that separates growth from contraction on a monthly basis.


  • BUY GOLD ABOVE 1320 TARGET 1325 1331 SL 1315
  • SELL GOLD BELOW 1312 TARGET 1307 1301 SL 1317

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IForex Market Trading Signals and News – 01 July 2016


  • Forex – GBP/USD higher after U.K. GDP report
  • Forex – Aussie, kiwi decline vs. greenback in late trade
  • Forex – Yen gains in Asia despite weak industrial data, Aussie down

EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded long and even hit our target resistance level 1.1118. This pair is still petty much bullish on the daily chart and may rally towards 1.1169. As long as the pair trades within the rising channel, we expect an acceleration to the upper side. The current downward rally on the daily chart is a mere pullback and should not go below 1.1064. This pair should be traded alongside NZD/USD, GBP/USD and AUD/ USD. These pairs have a strong positive correlation of up to +0.89 and will have a similar price action during this intraday.

The pound was higher against the U.S. dollar on Thursday, after the release of U.K. economic growth data in line with expectations and as markets continued to recover from Britain’s decision to leave the European Union last week.GBP/USD hit 1/3494 during European morning trade, the session high; the pair subsequently consolidated at 1.3467, up 0.25%.Cable was likely to find support at 1.3288, Wednesday’s low and resistance at 1.3564, the high of June 27. The U.K. Office for National Statistics said gross domestic product expanded by 0.4% in the first quarter, unchanged in this final estimate and in line with expectations. The U.K.’s economy grew by 0.6% in the preceding quarter.


  • BUY GBP/USD ABOVE 1.3530 TGT 1.3550 1.3580 SL 1.3500
  • SELL GBP/USD BELOW 1.3420 TGT 1.3400 1.3370 SL 1.3450

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Financial Sgx Singapore Stock Market Trading Picks And News – 01 July 2016


  • The Straits Times Index (STI) ended 48.2 points or 1.73% higher to 2840.93, taking the year-to-date performance to -1.45%.
  • The top active stocks today were DBS, which gained 1.48%, SingTel, which gained 2.23%, OCBC Bank, which gained 2.36%, UOB, which gained 2.56% and CapitaLand, with a 1.99% advance.
  • The FTSE ST Mid Cap Index gained 1.03%, while the FTSE ST Small Cap Index rose 0.25%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 4.49%. The
    two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 6.19% higher and 1.12% lower respectively.
  • The underperforming sector was the FTSE ST Real Estate Investment Trusts Index, which rose 0.23%. Capita-
    Mall Trust shares declined2.29% and Ascendas REIT increased 0.81%.
  • The three most active Exchange Traded Funds (ETFs) by value today were :  IS MSCI India 100 (+2.21%), STI ETF (+1.41%), SPDR Gold Shares (-0.22%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.81%), Capitamall Trust (-2.29%), Suntec REIT (+1.43%)
  • The most active index warrants by value today were : HSI21200UBeCW160929 (+17.02%), HSI21600MBeCW161028 (+17.24%), HSI21400MBeCW160728 (+45.28%)
  • The most active stock warrants by value today were : OCBC Bk MBeCW161004 (+11.48%), DBS MB eCW161031 (+11.25%), DBS MB ePW161003 (-12.82%).


  • BUY RESOURCE PRIMA ABOVE 0.033 TGT 0.036 0.038 SL 0.031

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