Forex and comex daily report by sapforex24

http://www.sapforex24.com {DAILY COMEX REPORT (June29, 2016)}
GFGH
MCX
COMMODITY REPORT
DATE- April 28, 2016
COMMODITY NEWS
INFO@SAIPROFICIENT.COM +919981999934,
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COMMODITY NEWS:-
 First EU summit after Brexit; ECB’s Draghi urges central banks to align monetary
policy. Asian stocks mixed; Europe mounts strong rally led by banks; U.S. futures
up over 1%. Sterling regains some ground after Brexit pummeling; dollar
index declines. Oil futures rally as possible strike by Norwegian workers threatens
supply. U.S. Q1 GDP revised figures; FOMC member Powell to speak.
 Gold fell on Tuesday as investors booked profits, two days after the yellow metal
rallied to its highest since March 2014 thanks to safe-haven demand in the wake of
Britain's decision to exit the European Union. Gold soared as much as 8 percent to
$1,358.20 on Friday, the highest since March 2014, and had ended up 4.8 percent,
its biggest one-day gain since January 2009 as the British vote drove investors
toward safer assets.
 Investors, however, scooped up beaten down assets on Tuesday as sterling and
Asian emerging market currencies regained some footing and crude oil bounced,
bringing down the demand for gold. The safe haven asset is often perceived as a
hedge against economic and financial risk.
 Nuclear power capacity grew fast last year, mainly in China, but challenges such as
ageing plants and low electricity prices could hobble the sector, the head of the
International Energy Agency said on Tuesday. Global addition to capacity in 2015
hit 10.2 giga watts, the highest growth in 25 years, the IEA's Executive Director
Fatih Birol told a nuclear conference in Paris.
 "We have never seen such an increase in nuclear capacity addition, mainly driven
by China, and also South Korea and Russia," he said, also noting growth in India. "It
shows that with the right policies, nuclear capacity can increase," Birol added.
 Global equity markets rose for the first time in three sessions on Tuesday, as
investor sentiment began to improve in wake of last week’s shock vote by the U.K.
to leave the European Union. U.S. stock markets pointed to strong gains at the
open, with the Dow futures rising 200 points, as investors scooped up beaten
down assets after Britain's vote to exit the European Union stunned financial
markets.
 Earlier, Asian markets closed mostly higher in cautious trade, amid ongoing
concerns about the political and economic aftermath of the U.K.’s decision to leave
the European Union. Global stock markets suffered the largest two-day rout ever,
as a wave of selling wiped around $3 trillion from markets.

MARKET OUTLOOK: (Wednesday, June 29)
 Japan is to release data on retail sales.
 In the euro zone, Germany and Spain are to produce initial estimates on
consumer inflation.
 The U.K. is to release data on net lending.
 The U.S. is to report on personal income and spending and pending
home sales.
 The EIA is to publish its weekly report on crude stockpiles.
 Fed Chair Janet Yellen and other central bank heads are to attend the
ECB central bank conference in Portugal.

“Gold tries to take support and more likely go higher”
Technical outlook:– Gold gained in Asia on Wednesday as investors noted
continued friction over the timing of Britain's expected notification to exit the European
Union. On the Comex division of the New York Mercantile Exchange, gold for August
delivery rose 0.33% to $1,322.30 a troy ounce. The pound eased on Wednesday in Asia after
U.K. Prime Minister David Cameron told Europe’s leaders that they will have to offer the
U.K. more control over immigration at the end of a fractious day where politicians across
Europe clashed over the meaning and consequences of last week’s Brexit vote.
Resistance2 Resistance1 Pivot point Support1 Support 2
1330 1323 1317 1312 1305
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

“Oil tries to take get higher level”
Technical outlook:- Crude oil prices gained further in Asia on Wednesday
after industry estimates showed a drop in U.S. crude stockpiles. The American
Petroleum Institute reported that U.S. crude supplies fell by 3.9 million barrels for the
week ended June 24, according to sources. Later on Wednesday more closely watched
data on crude and refined products will be released by the U.S. Department of Energy.
Resistance2 Resistance1 Pivot point Support1 Support 2
49.05 48.55 48.25 47.85 47.55
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 bullish on charts for next day.
CRUDE OIL

SAPFOREX 24
PAIR R2 R1 PIVOT S1 S2 TREND
GOLD 1330 1323 1317 1312 1305 BULLISH
SILVER 18.75 18.35 18.00 17.75 17.50 BULLISH
CRUDEOIL 49.05 48.55 48.25 47.85 47.55 BULLISH
COPPER 2.1680 2.1625 2.1550 2.1485 2.1420 BULLISH
NATURAL
GAS
2.990 2.940 2.880 2.810 2.765 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

http://www.sapforex24.com {DAILY FOREX REPORT (JUNE 29, 2016)}

CURRENCY NEWS:-
 After two sessions of bloodbath, some semblance of normalcy could dawn on Wall
Street on Tuesday, as traders stay calm and take stock of the risks posed by
Britain's exit from the European Union. Risky bets are staging a recovery, with the
pound, oil and risk currencies gaining ground, while gold is losing its luster.
 After Asian stocks closed mixed, the major European markets are advancing
notably. The domestic markets have also to contend with economic data on revised
GDP, house prices and consumer confidence.
 European stocks rose for the first time in three days on Tuesday, as firmer oil
prices and the preparedness of world central banks to support the proper
functioning of financial markets, helped to calm the jitters over the economic
fallout of Britain's vote to leave the European Union.
 Oil prices bounced back after steep overnight losses amid a looming strike at
several Norwegian oil and gas fields. The selloff in sterling paused and safe-haven
assets such as gold and the Japanese yen fell slightly, as South Korea announced an
economic stimulus package of 20 trillion won (S$23 billion) and Japan said it's
more ready than ever to act.
 Fitch Ratings said Spain's election is likely to reduce the risk of a repeat of the
political gridlock that followed December's election. Nonetheless, the agency noted
that the political landscape remains fragmented and the final outcome uncertain.
With no clear winner, political concessions will be required for the formation of a
new government, Fitch added.
 The euro continued to be strong against most major currencies in the early
European session on Tuesday, as European stocks rebounded after two days of
steep losses as traders realized that Brexit fears are overblown. Meanwhile, the co-
ordinate central bank responses across the globe to the recent financial market
losses and the rebounding oil prices created a hope among the traders.
 The U.K.'s FTSE 100 index is currently up 2.16 percent or 129.49 points at 6,111,
France's CAC 40 index is up 2.38 percent or 94.93 points at 4,079 and Germany's
DAX is up 1.93 percent or 178.99 points at 9,447.
 The Canadian dollar strengthened against its most major rivals in early European
deals on Tuesday, as European stocks advanced on optimism that policy makers
across the globe may take stimulus measures to stabilize economic growth in the
aftermath of the U.K.'s vote to quit the European Union.

MARKET OUTLOOK:- (Wednesday, June 29)
 Japan is to release data on retail sales.
 In the euro zone, Germany and Spain are to produce initial estimates on
consumer inflation.
 The U.K. is to release data on net lending.
 The U.S. is to report on personal income and spending and pending
home sales.
 The EIA is to publish its weekly report on crude stockpiles.
 Fed Chair Janet Yellen and other central bank heads are to attend the
ECB central bank conference in Portugal.

“GBP/USD re-takes 1.3350 amid risk-on rally in equities”
Technical Outlook:-The GBP/USD pair is seen gradually reversing a dip below
1.33 handle, now moving back towards 1.3350 region, as the greenback turns negative
amid risk-on rally in the Asian equities. GBP/USD trades -0.13% to 1.3328, recovering
further from a dip to session lows struck at 1.3289. The cable catches fresh bid over the
last and attempts a tepid- bounce on the 1.33 handle, as markets resort to take the yield
advantage amid persistent risk-on market profile and hence, underpin the higher-yielding
currency GBP.
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 1.3295, but it will
remain above that level for long. If it breaks low 1.3285 next targets are 1.3250.
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 1.3265
Support 1 1.3295
Pivot Point 1.3320
Resistance 1 1.3365
Resistance 2 1.3385

“USD/CAD stays below hourly 50-MA amid oil rally”
Technical Outlook:- Oil rally in Asia for the second straight day ensured
the USD/CAD pair stayed below hourly 50-MA level of 1.3053. The spot currently trades
around 1.3027 after having clocked a high of 1.3042. The pair remains at the mercy of oil
markets ahead of the US personal income and spending report release.
SUMMARY
The primary trend of USD/CAD is sideway on daily charts and past few trading session
prices are sustaining at upper levels. USD/CAD found some support at 1.2985, but it will
remain above that level for long. If it breaks low 1.2980 next targets are 1.2935.
INDICATORS
RSI is sustaining near in buying territory, supporting the upcoming upward trend in the
STRATERGY
USD/CAD is looking Bullish on charts for next day.
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 1.2920
Support 1 1.2975
Pivot Point 1.3010
Resistance 1 1.3045
Resistance 2 1.3075
USD/CAD

SAPFOREX 24
PAIR R2 R1 PIVOT S1 S2 TREND
EURUSD 1.1145 1.1095 1.1060 1.1030 1.0995 BEARISH
USDJPY 103.15 102.65 102.35 101.45 101.05 BEARISH
GBPUSD 1.3425 1.3365 1.3320 1.3285 1.3215 BEARISH
AUDUSD 0.7470 0.7435 0.7405 0.7370 0.7325 BEARISH
USDCAD 1.3110 1.3065 1.3010 1.2975 1.2935 BULLISH
USDCHF 0.9865 0.9825 0.9795 0.9760 0.9730 BULLISH
NZDUSD 0.7175 0.7120 0.7080 0.7055 0.7015 BEARISH

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

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