Daily Archives: July 27, 2016


Comex Trading Signals and Market News – 27 July 2016


  • Silver futures were trading tad higher during noon trade in the domestic market on Tuesday with all eyes focused on the US Federal Reserve which today begins a two-day monetary policy meet.The world’s biggest central bank is likely to keep interest rates unchanged but could offer some cues over the timing of its next interest rate hike.
  • Gold prices extended losses from the prior session in European trade on Tuesday, falling towards a one-month low, as investors readjusted positions ahead of the Federal Reserve’s two-day monetary policy meeting due to begin later in the day. The Fed is not expected to take action on interest rates at the conclusion of its meeting on Wednesday, but market players will scrutinize its policy statement for fresh hints on the timing of interest rate hikes over the next several months.
  • Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.Brent crude is still up more than 60 percent from a 12-year low near $27 in January, but the rally has petered out on signs that the supply glut will persist and as economic jitters raised concern about the strength of oil demand.


  • Australian consumer prices rose at the slowest annual pace since 1999 last quarter while core inflation remained at a record low, setting the stage for a cut in interest rates as early as next week.The headline CPI index rose just 1.0 percent in the year to June, while key measures of underlying inflation held at 1.5 percent, all well below the Reserve Bank of Australia’s (RBA) target band of 2 to 3 percent.
  • Energisa SA priced an offering of new stock near the upper end of a suggested range on Tuesday, signaling an upbeat industry outlook and strong investor demand bolstered plans by Brazil’s No. 6 power distributor to cut debt. According to data obtained from securities industry watchdog CVM, Energisa sold 61.5 million units, and placed 22.52 million units in supplementary and additional allotments at 18.50 reais. Energisa sought to price the units, comprised of one common share and four preferred shares, between 16 reais and 20 reais.
  • The yen fell in early Asian trade on Wednesday on expectations of significant monetary stimulus by the Bank of Japan later in the week, a day after it had posted its biggest gains in a month on disappointment at the scale of the government’s fiscal stimulus plan.The yen fell about 0.4 percent in early trade to 105.06 per dollar, retreating from Tuesday’s high of 103.995 per dollar. On Tuesday it rose 1.1 percent, its biggest daily gain since June 24.


  • BUY GOLD ABOVE 1325 TARGET 1330 1336 SL BELOW 1320
  • SELL GOLD BELOW 1317 TARGET 1312 1306 SL ABOVE 1322

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IForex Market Trading Signals and News – 27 July 2016


  • Forex – Yen surges 1% as Japan stimulus plans fall short
  • Forex – Kiwi, Aussie move higher ahead of FOMC meeting
  • Forex – Yen gains in Asia as corporate goods up more than expected

EUR/USD is currently trading with a bullish bias. Yesterday, the pair traded long as previously forecasted but is yet to reach our target resistance level 1.1034. During this intraday, we expect a possible bullish price rally towards 1.1034 or even higher to 1.1054. This pair should be traded alongside NZD/USD, GBP/USD, AUD/USD and AUD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

GBP/USD is currently trading with a bearish bias. The cable continues to make lower lows even as Euro push to the upper side. During this intraday, as long as the pair trades below 1.3147, we expect the cable to continue to the lower side but should not go beyond 1.2905. Ideally, the pair should form a double bottom at 1.2905. This pair should be traded alongside GBP/JPY, GBP/CHF, GBP/NZD, and GBP/CAD. These pairs a have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.


  • BUY GBP/USD ABOVE 1.3165 TGT 1.3185 1.3115 SL 1.3135
  • SELL GBP/USD BELOW 1.3055 TGT 1.3035 1.3005 SL 1.3085

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Financial Sgx Singapore Stock Market Trading Picks And News – 27 July 2016


  • The Straits Times Index (STI) ended 3.59 points or 0.12% higher to 2933.44, taking the year-to-date performance to +1.76%.
  • The top active stocks today were Singtel, which gained 0.94%, DBS, which declined 0.25%, Ascendas REIT, which gained 3.64%, CapitaLand, which declined 0.63% and OCBC Bank, with a 0.11% fall.
  • The FTSE ST Mid Cap Index gained 0.08%, while the FTSE ST Small Cap Index rose 0.13%.
  • The outperforming sectors today were represented by the FTSE ST Real Estate Investment Trusts Index, which rose 1.30%. The two biggest stocks of the Index – CapitaLand Mall Trust and Ascendas REIT – ended 0.63% lower and 3.64% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 1.07%. Jardine Matheson Holdings shares declined 0.60%and Jardine Strategic Holdings declined 1.60%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : DBXT MSCI Asia Ex Japan ETF (+0.21%) ,SPDR Gold Shares (+0.63%) ,IS MSCI India (+0.14%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+3.64%),CapitaLand Mall Trust (+2.33%) ,CapitaLand Commercial Trust (unchanged).
  • The most active index warrants by value today were : HSI23800UBeCW161229 (+5.98%) ,HSI22200MBeCW160929 (+4.32%) ,HSI21200MBePW160830 (-18.18%)
  • The most active stock warrants by value today were : DBS MB eCW161031 (-4.21%),UOB MB eCW161130 (-6.35%) ,OCBC Bk MBeCW161004 (-6.67%).


  • BUY CNMC GOLDMINE ABOVE 0.495 TGT 0.520 0.535 SL 0.470

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