Daily Archives: July 5, 2016


Comex Trading Signals and Market News – 05 July 2016


  • Gold prices extended gains from last week in European trade on Monday, staying near the strongest level in more than two years, while silver spiked to levels not seen since July 2014.U.S. financial markets will be closed on Monday for the Independence Day holiday, resulting in thin trading conditions.
  • Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.Brent crude futures (LCOc1) were trading at $50.58 per barrel at 0938 GMT, up 23 cents from their last settlement. U.S. crude (CLc1) was up 17 cents at $49.16.U.S. markets are closed on Monday for the U.S. Independence Day holiday.
  • Natural Gas futures plunged during noon trade in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as traders booked profits after a surge on Friday when prices rallied to the highest since May 2015 as hot summer temperatures across most parts of the US bolstered the demand outlook for gas-fired air conditioning.


  • Policymakers will have more room to fine tune monetary policy and money supply growth will likely be slower in the second half of 2016, the state-owned China Securities Journal said in a commentary Tuesday. At the same time, the nation’s economy will still require fiscal support, the paper said.
  • The Australian dollar inched lower on Tuesday as investors awaited a monetary policy decision later in the session, while major currencies continued to tread water with U.S. markets shut on Monday for Independence Day. The Aussie inched down 0.2 percent to $0.7525 , though it remained within site of Monday’s more than one-week high of $0.7545.
  • Britain’s vote to leave the European Union has ramped up the urgency for some Asian central banks to ease monetary policy, as a prolonged period of uncertainty threatens a wider downshift in trade and investment. Economists warn delayed investment decisions and a hit to jobs and consumption from Brexit will hurt exports from Asia’s trade-reliant economies, which are already reeling from weak external demand, particularly from China.


  • BUY GOLD ABOVE 1353 TARGET 1358 1364 SL BELOW 1348
  • SELL GOLD BELOW 1349.2 TARGET 1344.2 1338.2 SL ABOVE 1354.2

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IForex Market Trading Signals and News – 05 July 2016


  • Forex – Dollar edges higher vs. rivals in cautious trade
  • Forex – GBP/USD holds steady near record lows after U.K. PMI
  • Forex – Aussie, kiwi rise despite Australian political uncertainty, data

EUR/USD is currently trading with a bullish. During the previous trading day on 1st July, wave [c] traded long as previously forecasted and even hit our target resistance level 1.1167. During this intraday, we expect a possible bearish reversal from this level to go short, while a clear breakout above this target will lead to an upward momentum towards 1.1276. This pairs should be traded alongside EUR/JPY, NZD/USD and GBP/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

The pound held steady against its the U.S. dollar on Monday, still hovering close to 31- year lows after data showing that U.K. construction activity entered contraction territory last month added to fears over a slowdown in Britain after the Brexit vote.Trading volumes were expected to remain thin with U.S. markets closed for Independence Day.GBP/USD hit 1.3254 during European morning trade, the session low; the pair subsequently consolidated at 1.3262.Cable was likely to find support at 1.3195, the low of June 28 and resistance at 1.3350, Friday’s high.Research firm Markit and the Chartered Institute of Purchasing & Supply said their U.K. construction purchasing managers’ index fell to 46.0 in June from May’s reading of 51.2. Economists had expected the index to drop to 50.5 in June.


  • BUY GBP/USD ABOVE 1.3310 TGT 1.3330 1.3360 SL 1.3280
  • SELL GBP/USD BELOW 1.3205 TGT 1.3185 1.3155 SL 1.3235

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Financial Sgx Singapore Stock Market Trading Picks And News – 05 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 Holdingsshares 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 COSCO ABOVE 0.320 TGT 0.340 0.360 SL 0.300

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