Forex and comex daily report 17 june 16

http://www.sapforex24.com {DAILY COMEX REPORT (June 17, 2016)}
GFGH
MCX
COMMODITY REPORT
DATE- April 28, 2016
COMMODITY NEWS
INFO@SAIPROFICIENT.COM +919981999934,
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COMMODITY NEWS:-
 Gold futures soared to the highest level since August 2014 in European trade on
Thursday, as investors digested the latest monetary policy decisions from the
Federal Reserve and Bank of Japan. The Fed kept interest rates unchanged on
Wednesday, but dialed back forecasts for how fast it will raise rates over the next
couple of years, citing concerns over the economic outlook.
 First-time claims for U.S. unemployment benefits climbed more than expected in the
week ended June 11th, according to a report released by the Labor Department on
Thursday. The report said initial jobless claims rose to 277,000, an increase of
13,000 from the previous week's unrevised level of 264,000. Economists had
expected jobless claims to edge up to 270,000.
 The Swiss National Bank maintained its negative interest rate and repeated its view
that the franc is still significantly overvalued. The interest rate on sight deposits at
the central bank was retained at -0.75 percent, and the target range for the three-
month libor between -1.25 percent and -0.25 percent, the bank said in a statement
on Thursday..
 Both the Bank of Japan (BoJ) and the Swiss National Bank (SNB) followed
the Federal Reserve’s (Fed) lead and their respective interest rates on hold
Thursday.
 Both central bank chiefs echoed Fed chair Janet Yellen’s concern over the global
economy and the uncertainty ahead of the June 23 referendum on the U.K.’s
membership in the European Union (EU) with fears that a decision to leave, known
as a Brexit, could negatively impact not only the British economy and trade,
but global financial market conditions.
 The Bank of England (BoE) was also not forecast to make any changes to rates later
in Thursday’s session and was expected to weigh in on the risks of the upcoming
vote in the publication of its meeting minutes.
Market outlook:- (Friday, June 17)
 Baker Hughes will release weekly data on the U.S. oil rig count.
 Canada is to release its latest inflation report.
 The U.S. is to round up the week with data on building
permits and housing starts

“Gold hits highest in nearly 2 years after Fed's cautious outlook”
Technical outlook:– Gold jumped to its highest in nearly two years on Thursday,
after the U.S. Federal Reserve indicated it could be less aggressive in tightening monetary
policy next year. Spot gold had climbed 1.7 percent to $1,312.55 an ounce by 0648 GMT,
after touching its highest since August 2014 at $1,313.60. U.S. gold rose 2.2 percent to
$1,316.30, after marking its strongest level since last August at 1,316.80.
Resistance2 Resistance1 Pivot point Support1 Support 2
1297 1288 1283 1276 1264
INDICATORS
RSI is sustaining near in selling 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.
STRATEGY
GOLD is looking bullish on charts for next day.
GOLD

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
“Oil slides as growth fears add to Brexit pressure”
Technical outlook:- Oil prices hit their lowest in more than three weeks on
Thursday, the sixth straight day of losses and longest bearish run since early 2016, as U.S.
crude stocks fell less than expected and concerns over Britain's future in the EU weighed.
Brent crude futures, the global benchmark, have slipped 9 percent in just five sessions
after touching an eight-month high of nearly $53 a barrel a week ago. On Thursday, the
contract traded as low as $48.14, the weakest since May 24. Prices were down 64 cents at
$48.33 by 1030 GMT, set for the longest losing streak in five months.
Resistance2 Resistance1 Pivot point Support1 Support 2
47.50 46.95 46.50 46.20 45.75
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
PAIR R2 R1 PIVOT S1 S2 TREND
GOLD 1297 1288 1283 1276 1264 BULLISH
SILVER 18.45 17.75 17.30 16.85 16.35 BULLISH
CRUDEOIL 47.50 46.95 46.50 46.20 45.75 BEARISH
COPPER 2.0685 2.0615 2.0555 2.0485 2.0415 BEARSIH
NATURAL
GAS
2.710 2.670 2.630 2.595 2.555 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
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Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
DISCLAIMER

http://www.sapforex24.com {DAILY FOREX REPORT (JUNE 17, 2016)}

CURRENCY NEWS:-
 Policymakers of the Bank of England unanimously decided to maintain the
monetary policy as they keenly await the outcome of the referendum on EU
membership, which will ultimately decides the future course of action.
 The bank also warned on the risks from 'Brexit' and vowed to take whatever action
needed following the referendum to bring inflation to the target over the
appropriate horizon. The Monetary Policy Committee, led by Governor Mark
Carney, voted 9-0 to hold the interest rate at a record low 0.50 percent, the bank
said in a statement on Thursday.
 The Bank of Japan kept monetary policy steady on Thursday even as sluggish
global growth and anemic inflation put policymakers under pressure to do more to
relate the economy out of stagnation, bolstering the yen and battering Tokyo
stocks. Prices of the precious metal are up more than 8% so far in June, as market
players pushed back expectations for the next U.S. rate hike and amid mounting
concerns the U.K. will vote to leave the European Union in a referendum next
week.
 The United States on Thursday warned China that any reversion to its past
exchange rate policy of keeping the yuan artificially low would trigger a new round
of U.S.-China tensions. "Any reversion to the foreign exchange policies and export-
led growth model of the past, within the current context of weak global growth,
would trigger a new round of tension between our two countries," U.S. Treasury
Secretary Jack Lew said in remarks to the American Enterprise Institute.
 The pound fell to the day’s lows on Thursday after the Bank of England kept
interest rates steady and issued a fresh warning about the upcoming European
Union membership referendum, saying uncertainty could "spill-over" into global
markets.
Market outlook:- Thursday, June 16
 Canada is to release its latest inflation report.
 The U.S. is to round up the week with data on building
permits and housing starts.

“GBP/USD bounces off 3- month low”
Technical Outlook:- GBP/USD bounced off three-month lows as widespread
Brexit fears eased and investors reacted to continued inaction from top central banks
around the world. The currency pair traded in a broad range between 1.4013 and 1.4254
before settling at 1.4207, up 0.09% on the session. Since eclipsing 1.45 last week, the
Pound Sterling has tumbled more than 2.3% against the dollar. The pound remains close to
falling to near one-year lows of 1.3833 in late-February. The pair last fell below 1.40 in
early-March. GBP/USD likely gained support at 1.3852, the low from Feb. 26 and was met
with resistance at 1.4693, the high from May 27.
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 1.4115, but it will
remain above that level for long. If it breaks low 1.4090 next targets are 1.4050.
INDICATORS
RSI is sustaining near in buying territory, supporting the upcoming upward trend in the
STRATERGY
GBP/USD is looking bearish on charts for next day.
GBP/USD
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 1.4100
Support 1 1.4140
Pivot Point 1.4180
Resistance 1 1.4220
Resistance 2 1.4255

“USD/CAD hits 2- week highs amid declining oil prices”
Technical Outlook: - The U.S. dollar rose to two-week highs against its Canadian
counterpart on Thursday, despite the release of mostly negative U.S. data, as declining oil
prices weighed on demand for the commodity-related Canadian currency. USD/CAD hit
. during early U.S. trade, the pair’s highest since June ; the pair subsequently
consolidated at 1.3027, climbing 0.89%. The U.S. Department of Labor said the number of
individuals filing for initial jobless benefits in the week ending June 11 increased by 13,000
to , from the previous week’s total of , . Analysts expected jobless claims to
rise by 6,000 to 270,000 last week.
SUMMARY
The primary trend of USD/CAD is Bearish on daily charts and past few trading session
prices are sustaining at lower levels. USD/CAD found some support at 1.2900, but it will
remain above that level for long. If it breaks low 1.2850 next targets are 1.2815.
INDICATORS
RSI is sustaining near in buying territory, supporting the upcoming upward trend in the
STRATERGY
USD/CAD is looking Bearish on charts for next day.
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 1.2865
Support 1 1.2900
Pivot Point 1.2930
Resistance 1 1.2970
Resistance 2 1.3020
USD/CAD

SAPFOREX 24
PAIR R2 R1 PIVOT S1 S2 TREND
EURUSD 1.1345 1.1295 1.1255 1.1230 1.1185 BEARISH
USDJPY 105.15 104.65 104.22 103.95 103.55 BEARISH
GBPUSD 1.4255 1.4220 1.4185 1.4145 1.4100 BEARISH
AUDUSD 0.7470 0.7435 0.7385 0.7350 0.7325 BULLISH
USDCAD 1.3035 1.2995 1.2930 1.2795 1.2765 BULLISH
USDCHF 0.9715 0.9675 0.9635 0.9590 0.9550 BEARISH
NZDUSD 0.7155 0.7120 0.7050 0.7010 0.6965 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

Forex and comex daily report 17 june 16

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