Forex and Comex daily Report 14 june16

http://www.sapforex24.com {DAILY FOREX REPORT (JUNE 14, 2016)}

CURRENCY NEWS:-
 Foreign direct investment in China decreased 1.0 percent in May from a year ago
to $8.89 billion, the Commerce Ministry reported Monday. During the first five
months of the year, and FDI grew 3.8 percent year-over-year to $54.19 billion.
Investment in the manufacturing sector fell 3.2 percent in the January to May
period, accounting for 28.8 percent of the total.
 Latvia's current account balance turned to surplus in April from a deficit in the
previous year, figures from the Latvian Central Bank showed Monday. The
current account balance turned to a surplus of EUR 16.84 million in April from a
deficit of EUR 36.31 million in the corresponding month last year. The goods
trade deficit narrowed slightly to EUR 165 million in April from EUR 168.3
million a year earlier.
 At the same time, the surplus on services trade shrank to EUR 128 million from
EUR 137 million. The capital account balance showed a mere deficit of EUR 0.18
million in April against a surplus of EUR 156 million in the same month of 2015.
Similarly, the financial account balance turned to a shortfall of EUR 77.5 million
from a surplus of EUR 35.7 million a year ago.
 The Czech current account surplus decreased more-than-expected in April, the
Czech National Bank said Monday. The current account surplus shrank markedly
to CZK 0.9 billion in April from CZK 32.36 billion in the previous month.
Economists had expected the surplus to fall to CZK 15.5 billion.
 The surplus on goods and services trade rose to CZK 36.48 billion in April from
CZK 34.5 billion in March. At the same time, the primary income deficit widened
to CZK 31.7 billion in April from CZK 8.7 billion a month earlier. The secondary
income balance turned to a deficit of CZK 3.86 billion from a surplus of CZK 6.6
billion.
 Growth in China’s fixed-asset investment fell below 10% for the first time since
2000 in the January to May period, data on Monday showed. The steep slowdown
in investment rekindled expectations for more economic stimulus. Another
report showed that Chinese factory output grew 6% in May from a year earlier,
matching April’s figure.
Market outlook:- Tuesday, June 14
 Australia is to publish private sector data on business confidence.
 The U.K. is to produce a report on consumer price inflation.
 The U.S. is to release figures on retail sales and import prices.

“GBP/USD has quickly sliced through range support near
$1.4300”
Technical Outlook: - Risk assets have continued to slide to start the week as a light
economic calendar and negative, deeply saddening news headlines have given investors
reason to pull back. Unfortunately, the sick events that unfolded in Orlando over the
weekend are eerily reminiscent of the cowardly acts that took place in Brussels back in
March. For the British Pound in particular, the news out of Orlando regarding the attacks
represents another piece of emotional evidence for the 'vote to leave' camp for the UK-EU
referendum next Thursday, June 23.
SUMMARY
The primary trend of GBP/USD is Bearish on daily charts and past few trading session
prices are sustaining at lower levels. GBP/USD found some support at 1.4165, but it will
remain above that level for long. If it breaks low 1.4140 next targets are 1.4110.
INDICATORS
RSI is sustaining near in buying territory, supporting the upcoming upward trend in the
pair. In MACD Prices are sustaining in the buying territory, support the upper side
movement in the market.
STRATERGY
GBP/USD is looking bearish on charts for next day.
GBP/USD
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 1.4110
Support 1 1.4165
Pivot Point 1.4190
Resistance 1 1.4245
Resistance 2 1.4295

“Euro finds resistance above 1.14 vs. US Dollar erases half
of post-NFP rise”
Technical Outlook: - The Euro reversed sharply lower against the US Dollar,
producing the largest two-day losing streak in nearly four months after finding resistance
above the 1.14 figure. Prices have now erased over half of the advance triggered by
May’s soft US jobs data. From here, a daily close below support at 1.1217, the 38.2%
Fibonacci expansion, opens the door for a test of the 1.1145-56 area marked by a rising
trend line set from December 2015 and the 50% level. Alternatively, a reversal above the
23.6% Fib at 1.1293 paves the way for a test of the 14.6% expansion at 1.1340.
SUMMARY
The primary trend of EUR/USD is Bearish on daily charts and past few trading session
prices are sustaining at lower levels. EUR/USD found some support at 1.1265, but it will
remain above that level for long. If it breaks low 1.1250 next targets are 1.1215, then
1.1180.
INDICATORS
RSI is sustaining near in buying territory, supporting the upcoming upward trend in the
STRATERGY
EUR/USD is looking Bearish on charts for next day.
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 1.1235
Support 1 1.1275
Pivot Point 1.1290
Resistance 1 1.1325
Resistance 2 1.1365
EUR/USD

SAPFOREX 24
PAIR R2 R1 PIVOT S1 S2 TREND
EURUSD 1.1365 1.1325 1.1290 1.1265 1.1235 BEARISH
USDJPY 106.85 106.45 106.05 105.75 105.45 BEARISH
GBPUSD 1.4295 1.4245 1.4190 1.4165 1.4135 BEARISH
AUDUSD 0.7450 0.7405 0.7380 0.7350 0.7325 BULLISH
USDCAD 1.2890 1.2860 1.2825 1.2795 1.2765 BEARISH
USDCHF 0.9715 0.9675 0.9635 0.9610 0.9560 BEARISH
NZDUSD 0.7085 0.7050 0.7025 0.7010 0.6975 BULLISH

The information and views in this report, our website & all the service we provide are
believed to be reliable, but we do not accept any responsibility (or liability) for errors of
fact or opinion. Users have the right to choose the product/s that suits them the most.
Investment in currency has its own risks. Sincere efforts have been made to present the
right investment perspective. The information contained herein is based on analysis and up
on sources that we consider reliable. We, however, do not vouch for the accuracy or the
completeness thereof. This material is for personal information and we are not responsible
for any loss incurred based upon it & take no responsibility whatsoever for any financial
profits or loss which may arise from the recommendations above. The currency price
projections shown are not necessarily indicative of future price performance. The
information herein, together with all estimates and forecasts, can change without notice.
Sap forex24 does not purpose to be an invitation or an offer to buy or sell any financial
instrument. Analyst or any person related to Sap forex24 might be holding positions in the
currency recommended. It is understood that anyone who is browsing through the site has
done so at his free will and does not read any views expressed as a recommendation for
which either the site or its owners or anyone can be held responsible for.
Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or
share our calls or SMS or Report or Any Information Provided by us to/with anyone which
is received directly or indirectly by them. If found so then Serious Legal Actions can be
taken.
Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
DISCLAIMER

http://www.sapforex24.com {DAILY COMEX REPORT (June 14, 2016)}
GFGH
MCX
COMMODITY REPORT
DATE- April 28, 2016
COMMODITY NEWS
INFO@SAIPROFICIENT.COM +919981999934,
SUPPORT@SAIPROFICIENT.COM +919755855566

COMMODITY NEWS:-
 Crude slid to its lowest in a week in New York after U.S. oil explorers deployed
more drilling rigs, signaling that companies may be able to revive output at current
prices. Futures fell as much as 1.8 percent after dropping 4.2 percent the previous
two sessions.
 Rigs targeting crude in the U.S. rose by three to 328 last week, a second weekly
gain that’s the longest since August, Baker Hughes Inc. said Friday. Iran
is seeking to boost output by 600,000 to 700,000 barrels a day over five years from
fields west of the Karoun River along the Iraqi border, Oil Minister Bijan Namdar
Zanganeh said.
 Gold futures continued to rise Monday morning as traders flocked to safe haven
assets amid significant geopolitical tensions. A Muslim fundamentalist killed 50
people at a gay niteclub in Orlando over the weekend. There are also issues in
Europe, where the UK is set to vote on whether to leave the EU in ten days. Gold for
August was up $10 at $1286 an ounce, approaching its highest levels of 2016.
 Gold's rally has been fueled by speculation the Federal Reserve will delay raising
interest rates after May's horrible jobs report. The chances of a move in US interest
rates on Wednesday by the Federal Open Market Committee are exceedingly small,
but traders are expecting clues about when the central bank will tighten. The July
meeting is said to be in play, but September seems more likely given the recent
string of downbeat economic data.
 Shrinking Chinese output may help balance oil markets and sustain a more than 75
percent rebound in crude from a 12-year low earlier in 2016. The rally has also
made the Organization of Petroleum Exporting Countries more confident its two-
year Saudi Arabia-led strategy of trying to win market share from higher-cost
producers is succeeding.
Market outlook:- (Tuesday, June 14)
 The American Petroleum Institute, an industry group, is to publish its weekly
report on U.S. oil supplies.
 The International Energy Agency will release its monthly report on global oil supply
and demand.
 Australia is to publish private sector data on business confidence.
 The U.K. is to produce a report on consumer price inflation.
 The U.S. is to release figures on retail sales and import prices.

will be keen to avoid deficit-related negative news-flow around the presidential elections.
 Gold Rides Safe Haven Appeal Sharply Higher
Technical outlook:– Gold futures added to overnight gains in North American trade
on Monday, climbing to a five-week high as worries about a potential exit by the U.K. from the
European Union left investors scrambling for safe haven assets. Jitters ahead of Britain's June
23 referendum on European Union membership mounted after U.K. polls over the weekend
suggested momentum for the campaign to leave the bloc is gaining momentum.
Resistance2 Resistance1 Pivot point Support1 Support 2
1295 1285 1279.50 1273 1265
INDICATORS
RSI is sustaining near in selling territory, supporting the upcoming upward trend in the
STRATEGY
GOLD is looking bullish on charts for next day.
GOLD

U.S. crude below $49 on weak Asia data
Technical outlook:- Oil futures extended losses on Monday after sharp falls
on Friday as weak Asian economic data rekindled fears about the global economy. U.S.
crude futures lost the $49 mark and were down 59 cents, or 1.20%, at $48.48 at 06:45
ET. Brent crude lost 0.97% to $50.05. China fixed-asset investment growth cooled to
9.6% in the first five months of the year, while Japanese business sentiment
weakened further in the second quarter. The recovery of the dollar from lows hit
earlier this month also weighed on oil prices
Resistance2 Resistance1 Pivot point Support1 Support 2
49.05 48.75 48.35 48.05 47.75
INDICATORS
RSI is sustaining near in buying territory, supporting the upcoming upward trend in
the pair. In MACD Prices are sustaining in the upward territory, support the lower
side movement in the market.
STRATEGY
CRUDE OIL is looking bearish on charts for next day.
CRUDE OIL

SAPFOREX 24
COMMODITY R2 R1 PIVOT S1 S2 TREND
GOLD 1295 1285 1278 1272 1264 BULLISH
CRUDEOIL 49.30 48.85 48.35 48.05 47.65 BEARISH
SILVER 17.75 17.40 17.20 16.95 16.65 BULLISH
NATURAL GAS 2.675 2.640 2.600 2.565 2.535 BULLISH
COPPER 2.0525 2.0495 2.0440 2.0435 2.0395 BULLISH

The information and views in this report, our website & all the service we provide are believed to
be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion.
Users have the right to choose the product/s that suits them the most.
Investment in COMEX has its own risks. Sincere efforts have been made to present the right
investment perspective. The information contained herein is based on analysis and up on sources
that we consider reliable. We, however, do not vouch for the accuracy or the completeness
thereof. This material is for personal information and we are not responsible for any loss incurred
based upon it & take no responsibility whatsoever for any financial profits or loss which may
arise from the recommendations above. The COMEX price projections shown are not necessarily
indicative of future price performance. The information herein, together with all estimates and
forecasts, can change without notice.
Sap forex24 does not purport to be an invitation or an offer to buy or sell any financial
instrument. Analyst or any person related to Sap forex24 might be holding positions in the
COMEX recommended. It is understood that anyone who is browsing through the site has done
so at his free will and does not read any views expressed as a recommendation for which either
the site or its owners or anyone can be held responsible for.
Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share
our calls or SMS or Report or Any Information Provided by us to/with anyone which is received
directly or indirectly by them. If found so then Serious Legal Actions can be taken.
Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
DISCLAIMER

Forex and Comex daily Report 14 june16

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Forex and Comex daily Report 14 june16

Similar to Forex and Comex daily Report 14 june16 (20)

Recently uploaded

Recently uploaded (20)

Forex and Comex daily Report 14 june16