Daily Archives: July 12, 2016


Comex Trading Signals and Market News – 12 July 2016


  • Gold prices inched up in European trade on Monday, hovering below a 28-month high amid speculation the Federal Reserve will remain cautious on interest rates despite last week’s strong jobs report.Gold for August delivery on the Comex division of the New York Mercantile Exchange tacked on $5.45, or 0.4% to trade at $1,363.85 a troy ounce by 06:50GMT, or 2:50AM ET.
  • Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs.Brent crude was trading at $46.26 per barrel at 0942 GMT (5.42 a.m. ET), down 50 cents from its last settlement.
  • Silver futures rallied during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the precious metal tracking a bullish trend in the overseas market amid speculation that the US Federal Reserve may not raise interest rates in the near-term despite Friday’s robust jobs data as it assesses rising global economic uncertainty in the aftermath of Brexit and awaits more signs of a pickup in the world’s biggest economy.


  • South Korea’s central bank is seen taking a breather on Thursday and keeping rates untouched after it cut them to a record low in June, but is expected to resume easing in coming months, a Reuters poll found on Tuesday. Twenty-eight of 29 analysts surveyed said the Bank of Korea would leave interest rates at 1.25 percent. One forecast a cut to 1.0 percent.
  • Italy’s economy will grow by less than one percent this year and only marginally faster in 2017, the International Monetary Fund said on Tuesday, cutting its previous forecasts as a result of Britain’s decision to leave the European Union. The outcome of last month’s referendum in Britain has heightened volatility on financial markets and increased downside risks for Italy, the Fund said in a report following its annual Article IV meetings with the Italian authorities.
  • The yen hovered near a one-week low against the dollar on Tuesday, in the wake of a weekend election victory by Japan’s ruling coalition that fanned expectations of more economic stimulus including possible monetary easing.Gains in equity markets and an improvement in risk sentiment also weighed on the safe-haven yen, which rallied after Britain’s vote to leave the European Union and adding to worries over global growth.


  • BUY GOLD AROUND 1352 TARGET 1356 1360 SL 1349.90
  • SELL GOLD AROUND 1360 TARGET 1356 1352 SL 1361.25

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IForex Market Trading Signals and News – 12 July 2016


  • Forex – Dollar up more than 1% against yen as Japan stocks rally
  • Forex – Aussie and kiwi move lower vs. stronger greenback
  • Forex – Yen eases further after parliament polls, Aussie recovers

EUR/USD is currently trading with a bearish bias. The pair entered into a consolidation not going above 1.1167 or below 1.1034. During this intraday, we expect a possible bearish break below 1.1034 to go short with an ideal target at 1.094. The overall trend is bearish and a clear breakout below 1.1034 will confirm the anticipated bearish rally. This pair should be traded alongside EUR/JPY, and EUR/CHF. These pairs have a strong positive correlation of up to +0.95 and will have a similar price action during this intraday.

GBP/USD is currently trading with a declining bullish bias. During the previous trading day on 8th July 2016, instead of going short a previously forecasted, the pair retraced to the upper side but is likely to continue short during this intaday. Thus, we expect a possible bearish price movements towards 1.245 or even below. Ideally, the anticipated downward rally should be the continuation of wave (c) and may end below 1.245. This pair should be traded alongside GBP/JPY, GBP/CHF, and USD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.


  • BUY GBP/USD ABOVE 1.2980 TGT 1.3000 1.3020 SL 1.2950
  • SELL GBP/USD BELOW 1.2850 TGT 1.2870 1.2840 SL 1.2880

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Financial Sgx Singapore Stock Market Trading Picks And News – 12 July 2016


  • The Straits Times Index (STI) ended 29.1 points or 1.02% higher to 2876.14, taking the year-to-date performance to -0.23%.The top active stocks today were SingTel, which gained 2.17%, DBS, which gained 0.57%, UOB, which gained 1.21%, Global Logistic, which gained 2.19% and OCBC Bank, with a 0.57% advance.
  • The FTSE ST Mid Cap Index gained 0.33%, while the FTSE ST Small Cap Index rose 0.31%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 2.27%. The two biggest stocks of the Index – Silverlake Axis and CSE Global – ended 2.78% higher and 1.12% higher respectively.
  • The underperforming sector was the FTSE ST Consumer Goods Index, which slipped 0.20%. Wilmar International shares remained unchangedand Thai Beverage declined 0.52%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+0.15%),STI ETF (+1.39%),CIMB FTSE ASEAN40 100 (+0.12%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%),CapitaMall Trust (+0.93%),Suntec REIT (+0.56%)
  • The most active index warrants by value today were : HSI21400MBeCW160728 (+29.73%),HSI21400MBeCW160929 (+19.61%),HSI20000MBePW160728 (-38.89%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (+7.69%),OCBC Bk MBeCW161004 (+2.82%),UOB MB eCW161031 (+11.27%).


  • BUY GMG GLOBAL ABOVE 0.590 TGT 0.620 0.660 SL 0.560

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