Daily Archives: July 25, 2016


Comex Trading Signals and Market News – 25 July 2016


  • U.S. oil futures rose on Friday, but remained near two-month lows as concerns over a global supply glut continued to weigh.U.S. crude futures for September delivery added 0.25% to $44.86 a barrel, close to Wednesday’s two-month low of 43.69.On the ICE Futures Exchange in London, the September Brent contract climbed 0.52% to $46.44 a barrel, near a two-month trough of 45.84 hit overnight.
  • Gold prices slipped lower on Friday, as upbeat U.S. data released in the previous session lent support to the U.S. dollar and as the European Central Bank left the door open for further stimulus measures.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery declined 0.37% to $1,326.05.
  • Silver futures were trading lower in the domestic market on Friday as speculators engaged in reducing their positions tracking a weak trend in global markets.Analysts attributed the persistent fall in silver prices at the futures trade to a weak trend in the precious metals in global market as gains in equities and a stronger dollar curbed the demand for the precious metals as a store of value.


  • Central banks from Washington to Tokyo take center stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain’s shock vote to leave the EU. As they wait for political reassurances and greater clarity over the likely impact of the move, central banks have mostly avoided action since Britain’s June 23 referendum, calming jittery markets with verbal assurances but leaving the burden on governments to chart a path.
  • JPMorgan Chase & Co (N:JPM) will stop settling U.S. government securities transactions for most dealers by the end of next year as it streamlines its business, the bank said on Friday.The change would leave BNY Mellon Corp (N:BK) as the only clearing bank for such transactions between dealers and investors.In the first six months of 2016, an average of $504 billion of U.S. Treasuries changed hands per day, down slightly from a daily average of $507 billion for the same year-earlier period, according to data from the Securities Industry and Financial Markets Association.
  • Fiscal and monetary policies are becoming less effective at spurring economic activity so the world’s leading economies need to increase coordination to promote sustainable growth, China’s Finance Minister Lou Jiwei said on Saturday. Lou was speaking at the start of a meeting of Group of 20 finance ministers and central bankers in the southwestern city of Chengdu, where they will confront challenges to global growth exacerbated by Britain’s decision to leave the European Union and consider deeper structural reforms.


  • BUY GOLD ABOVE 1326 TARGET 1331 1337 SL BELOW 1321
  • SELL GOLD BELOW 1321 TARGET 1316 1310 SL ABOVE 1326

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IForex Market Trading Signals and News – 25 July 2016


  • Forex – EUR/USD little changed after string of PMI reports
  • Forex – GBP/USD moves lower as U.K. PMIs add to post-Brexit fears
  • Forex – Dollar steady vs. euro, yen as focus remains on central banks

The euro was little changed against the dollar on Friday, after the release of mostly positive data from the euro zone, as markets were still digesting the European Central Bank’s decision on Thursday to leave monetary policy on hold. EUR/USD was little changed at 1.1031, still close to Thursday’s one-month trough of 1.0979. The euro strengthened briefly after ECB President Mario Draghi said on Thursday that European markets weathered the post-Brexit volatility with “encouraging resilience”, but reiterated that the central bank is ready to act by using all the instruments available under its mandate if necessary.Draghi also said the euro zone recovery faces several headwinds, and the risks remain tilted to the downside, citing the UK referendum, slowing emerging markets and the slow pace of structural reforms as key threats.

The pound moved lower against the U.S. dollar on Friday, after the release of downbeat economic reports from the U.K. added to concerns over the outlook for Britain’s growth following the country’s decision to leave the European Union. GBP/USD hit 1.3173 during European morning trade, the session low; the pair subsequently consolidated at 1.3175, sliding 0.42%. Cable was likely to find support at 1.3061, the low of July 20 and resistance at 1.3313, the high of July 18. Research group Markit said its flash U.K. manufacturing purchasing managers’ index fell to 49.1 in July from a reading of 52.1 in June. Economists had expected the index to fall to 47.8 this month.Meanwhile, the U.K. services PMI dropped to 47.4 in July from a reading of 52.3 in June, compared to expectations for a decline to 48.9.


  • BUY GBP/USD ABOVE 1.3110 TGT 1.3130 1.3160 SL 1.3080
  • SELL GBP/USD BELOW 1.3060 TGT 1.3040 1.3010 SL 1.3090

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Financial Sgx Singapore Stock Market Trading Picks And News – 25 July 2016


  • The Straits Times Index (STI) ended 4.87 points or 0.17% higher to 2945.35, taking the year-to-date performance to +2.17%.
  • The top active stocks today were Singtel, which gained 1.66%, DBS, which declined 0.06%, Wilmar Intl, which declined 0.97%, UOB, which gained 0.26% and ComfortDelGro, with a 1.73% fall.
  • The FTSE ST Mid Cap Index declined 0.84%, while the FTSE ST Small Cap Index declined 0.24%.
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.48%.
  • The two biggest stocks of the Index – Singtel and StarHub – ended 1.66% higher and remained unchanged respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.45%. Keppel Corp shares declined 1.43% and Sembcorp Industries declined 0.35%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Nikko AM Singapore STI ETF (-0.33%) ,SPDR Gold Shares (+0.21%) ,DBXT MSCI Taiwan ETF (-0.59%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.61%) ,Suntec REIT (-2.52%) ,CapitaLand Commercial Trust (-1.28%)
  • The most active index warrants by value today were : HSI23800UBeCW161229 (unchanged) ,HSI22000MBeCW160929 (-0.95%) ,HSI22400UBeCW161028 (+1.50%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-6.86%) ,OCBC Bk MBeCW161004 (-6.98%) ,OCBC Bk MBeCW170118 (-6.25%).


  • BUY 8TELECOM ABOVE 0.150 TGT 0.160 0.170 SL 140

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