Daily Archives: May 16, 2018

16May

Singapore stocks: STI resumes Wednesday exchanging at 3,531.83, down 0.2%

SINGAPORE stocks continued exchanging lower on Wednesday evening, with the Straits Times Index falling 8.4 focuses, or 0.2 for each penny to 3,531.83 as at 1.05pm.

Failures dwarfed gainers 210 to 128, after around 906.9 million offers worth S$660.6 million changed hands.

The most effectively exchanged counter by volume was Ezion, which rose 5.2 for each penny, or 0.6 Singapore penny to 12.1 Singapore pennies, with 96.9 million offers exchanged.

Other dynamic list stocks included Venture Corp which was down 3.6 for each penny to S$21.38; and Genting Singapore which fell 2.3 for every penny to S$1.29.

16May

TODAY’S COMEX GOLD SIGNAL AND DAILY REPORT

16may1

                                                                                Comex Gold Signal

Comex Gold Signal

Comex Gold signal

INTERNATIONAL COMEX NEWS

  • Gold prices fell below the $1,300 level on Tuesday, hitting the lowest levels since December as the U.S. dollar and Treasury yields moved higher after slightly stronger than expected U.S. retail sales figures. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $23.80 or 1.81% to $1,294.40 a troy ounce by 09:26 AM ET (13:26 GMT), a level not seen since late December.
  • Natural gas futures rose to its best level in around there months on Tuesday, as updated forecasting models pointed to above-average temperatures covering most of the country through the end of May. That should help boost early summer cooling demand for the fuel. Front-month U.S. natural gas futures tacked on 0.9 cents, or around 0.3%, to $2.849 per million British thermal units (btu) by 8:20AM ET (1220GMT), after hitting an intraday high of $2.856, the strongest since February 5.
  • Oil prices hit fresh three-and-a-half-year highs on Tuesday, as looming U.S. sanctions against Iran raised fears that markets will face shortages later this year when trade restrictions come into effect. Brent crude futures, the benchmark for oil prices outside the U.S., rose to a session peak of $79.22 a barrel at one point, a level not seen since November 2014. It was last at $79.00 by 8:05AM ET (1205GMT), up 80 cents, or about 1%. Meanwhile, New York-traded WTI crude futures were up 51 cents, or 0.7%, to $71.48 a barrel, not far off their Nov.

ECONOMY NEWS

  • U.S. inflation is rising toward the Federal Reserve’s 2 percent goal while not accelerating enough to suggest the economy is overheating, Dallas Federal Reserve President Robert Kaplan said on Tuesday. Inflation is approaching two percent but it’s “not running away from us,” he said at an event titled “Energy, Trade, and Energy Growth” sponsored by the Council for Foreign Relations.
  • Mexico’s economy minister said on Tuesday that he saw diminishing chances for a new North American Free Trade Agreement ahead of a May 17 deadline to present a deal that could be signed by the current U.S. Congress. U.S. House Speaker Paul Ryan has said that the Republican-controlled Congress would need to be notified of a new NAFTA deal by Thursday to give lawmakers a chance of approving it before a newly elected Congress takes over in January.
  • The European Union is interested in improving its trade ties with the United States but it will not make concessions to secure an exemption from U.S. metals tariffs and would need to consult its 28 members, a senior EU official said on Tuesday. “We are open for improving our trade relations… but it’s not a concession in order to get a permanent exemption from higher steel and aluminium tariffs,” Commission Vice-President Jyrki Katainen told a news conference.

Comex Gold Signal

 

16May
USDJPY-with-Japanese-flag

Japanese Yen : USD/JPY Technical Analysis

JAPANESE YEN TECHNICAL ANALYSIS TALKING POINTS:

  • The Japanese Yen’s beating at the Dollar’s hands goes on
  • The principal reason for it seems to have extended
  • The Australian Dollar is shriveling against the Japanese money

    The Japanese Yen stays under grave weight against the US Dollar from a principal point of view.

    The most recent extremely feeble development information from Japan brought the drapery down on a nine-quarter keep running of monetary development. It has likewise thrown mists over the nation’s ‘Abenomics’ change design and, without a doubt, kicked any prospect of more tightly financial approach from the Bank of Japan far into the long grass.

    Actually this development shortcoming has just supported an as of now reinforcing US Dollar. USD/JPY now plays by and by with the highs of early February which are around current levels.

    On the off chance that Dollar bulls can hold their nerve up here, at that point their next target will be late January’s highs in the 111.50 district which thusly monitor the way move down the year’s pinnacles. These would appear to be famously reachable right now given the yawning and, apparently broadening hole in money related approach among Tokyo and Beijing. However advance toward them will most likely be estimated and set apart by times of solidification.

    16-5

    Inversions will presumably discover bolster at the current up-channel base, which by and by comes in at 109.42 or somewhere in the vicinity. This channel has been genuinely all around regarded both to the upside and the down, however more clear Dollar bulls may well need to see another upside test soon. After all that upper bound remains very some route over the market, for all the greenback’s present power, at 111.43.

    AUSTRALIAN DOLLAR WILTING TOO

    The Australian Dollar has been another remarkable casualty of US Dollar quality however it is likewise withering against the Yen. AUD/JPY appears to have made yet another lower high on its day by day graph in the previous couple of days, with the attention by and by on the drawback.

    Bulls should shield the past critical low at JPY81.20 on the off chance that they’re not to need to manage a plausible more extensive slide the distance down to April’s lows of JPY80.55.

    16-5-1

    A fall this far would put genuine question marks over the whole ascent up from late 2016’s lows, which came in at JPY75.10.

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.