Daily Archives: July 4, 2016


Comex Trading Signals and Market News – 04 July 2016


  • Lead futures jumped by more than 1 per cent during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for lead from battery-makers in the domestic spot market.Worries over the fallout of Brexit on the global economy eased after central banks pledged to support financial markets by signaling looser monetary policy improving metal demand outlook.
  • Gold prices jumped over 1% on Friday, still hovering close to the previous week’s 27-month highs as continued uncertainty following the Brexit vote and concerns over a slowdown in China lent support to the safe-haven precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery rallied 1.08% to $1,334.90.The August contract ended Thursday’s session 0.47% lower at $1,320.60 an ounce.
  • Natural Gas futures climbed during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity after a smaller than expected US stockpile build last week signaled a pickup in demand for the power plant fuel in the world’s biggest gas consuming nation.


  • China’s central bank said on Friday it injected a total of 210.72 billion yuan ($31.7 billion) via short- and medium-term liquidity facilities in June to help support credit growth and the economy.June liquidity injections, however, were down 27.5 percent from May, data showed.The People’s Bank of China (PBOC) said in a statement on its website it injected 208 billion yuan to financial institutions via its medium-term lending facility (MLF) in June.
  • Central banks are closely monitoring the impact on markets of Britain’s decision to leave the European Union
    and stand ready to intervene if financial stability is threatened, ECB Executive Council member Benoit Coeure
    told Le Monde on Friday.Coeure said it was urgent now to clarify the calendar for Britain’s exit from the EU
    because prolonged uncertainty would have an economic cost, first of all for Britain but also for the EU.
  • The euro zone’s economy is recovering but still faces a number of risks, including the fallout from Britain’s vote to leave the European Union, the European Central Bank’s chief economist said on Friday.”The ongoing recovery has shown signs of strengthening,” Peter Praet said in remarks prepared for a speech in London. “And the ECB is determined to continue playing its pivotal role in consolidating the upswing in the economic cycle.


  • BUY GOLD ABOVE 1338 TARGET 1343 1349 SL 1333
  • SELL GOLD BELOW 1328 TARGET 1323 1317 SL 1333

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Financial Sgx Singapore Stock Market Trading Picks And News – 04 July 2016


  • The Straits Times Index (STI) ended 5.44 points or 0.19% higher to 2846.37, taking the year-to-date performance to -1.26%.The top active stocks today were SingTel, which gained 0.24%, DBS, which declined 0.38%, OCBC Bank, which gained 0.69%, UOB, which gained 0.54% and CapitaLand, with a 0.33% advance.
  • The FTSE ST Mid Cap Index gained 0.53%, while the FTSE ST Small Cap Index rose 0.17%. The outperforming sectors today were represented by the FTSE ST Utilities Index, which rose 1.98%. The two biggest stocks of the Index – Keppel Infrastructure Trust and SIIC Environment Holdings – ended 2.02% higher and 3.23% higher respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.74%. Midas Holdings shares declined 1.92% and Geo Energy Resources increased 0.89%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : CIMB FTSE Asean40 100 (unchanged),SPDR Gold Shares (+1.31%),STI ETF (+0.35%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.81%),Capitacom Trust (+1.70%),Capitamall Trust (+1.88%)
  • The most active index warrants by value today were : S&P 2020MBePW160916 (-8.46%),STI 2800MBeCW161031 (+2.70%),S&P 2120MBeCW160916 (+77.27%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-5.62%),OCBC Bk MBeCW161004 (+5.88%),UOB MB eCW161031 (+5.95%).


  • BUY CHIWAYLAND ABOVE 0.113 TGT 0.119 0.123 SL 0.107

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IForex Market Trading Signals and News – 04 July 2016


  • Forex – GBP/USD almost unchanged after U.K. PMI report
  • Forex – Dollar moves lower against yen, gains vs. euro
  • Forex – Yen gains further in Asia with Caixin PMI down more than seen

The dollar dropped against the yen and gained ground against the euro on Friday, as ongoing uncertainty following the Brexit vote and disappointing Chinese manufacturing activity data fuelled safe-haven demand.EUR/USD fell 0.29% to 1.1073.Markets continued to recover from Britain’s shock decision last week to leave the European Union.Bank of England Governor, Mark Carney, indicated on Thursday that more stimulus may be needed over the summer, sparking expectations for an upcoming rate cut.Meanwhile, market sentiment weakened after data showed that China’s Caixin manufacturing purchasing managers’ index fell to 48.6 in June from 49.2 the previous month, compared to expectations for a downtick to 49.1.

The pound was almost unchanged against the U.S. dollar on Friday, despite the release of upbeat U.K. manufacturing data as uncertainty following the Brexit vote and news of a potential U.K. rate cut this summer limited sterling’s gains. GBP/USD hit 1.3350 during European morning trade, the session high; the pair subsequently consolidated at 1.3315. Cable was likely to find support at 1.3318, the low of June 27 and resistance at 1.3535, the high of June 29.Research group Markit said that its U.K. manufacturing purchasing manager’s index rose to 52.1 last month from a reading of 50.1 in May. That was its highest level since January 2016.Analysts had expected the index to drop back into contraction at 49.9 in May.


  • BUY GBP/USD ABOVE 1.3345 TGT 1.3365 1.3375 SL 1.3315
  • SELL GBP/USD AROUND 1.3385-87 TGT 1.3365 1.3335 SL 1.3415

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