22Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold Signal

                                                                                      Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices remained at six-month lows on Thursday, as trade tensions between the U.S. and China resurfaced. Comex gold futures for August delivery were down 0.46% to $1,268.60 a troy ounce as of 10:57 AM ET (14:57 GMT). Tensions between the U.S. and China continue, as the two largest economies in the world faced a tit-for-tat over trade tariffs. Earlier this week U.S. President Donald Trump threatened to impose tariffs on another $200 billion of Chinese goods.
  • OPEC appears to be edging toward raising crude oil output at its policy meeting on Friday, but the oil options market shows traders and investors are not betting heavily on that scenario. With just one day to go until the group holds its policy meeting, the derivatives market shows participants buying significant volumes of protection — prepared for fireworks.
  • Natural gas futures stayed higher on Thursday, but came off the best levels of the session after data showed that supplies in storage rose more than forecast last week. Front-month U.S. natural gas futures inched up 1.5 cents, or around 0.5%, to $2.979 per million British thermal units (btu) by 10:36AM ET (1436GMT). Futures were at around $3.002 prior to the release of the supply data.

ECONOMY NEWS

  • Bank regulation has gone too far, yet supervisors may still be missing risk factors that could herald the next crisis, the outgoing Dutch member of the European Central Bank’s Supervisory Board said on Thursday. Banks have faced increasingly stringent rules since the global financial crisis and critics argue that excessive regulation could force financial companies to take on new types of risks that are not yet on the radar of supervisors.
  • The Bank of England bolstered expectations that at its next meeting it will raise rates for only the second time in a decade, after its chief economist unexpectedly joined the minority of policymakers voting for a hike on Thursday. The central bank also gave new guidance on when it might start to sell its 435 billion pounds ($574 billion) of British government bonds, saying this could come once rates have reached around 1.5 percent, compared with previous guidance of 2 percent.
  • The Bank of England said on Thursday it could start to sell the nearly half trillion pounds of assets it bought to boost the economy sooner than previously thought, though analysts said a reduction still looked years away. Like other central banks, the BoE amassed huge sums of government bonds bought with newly created money to spur economic growth after the financial crisis, but a decade later they are now working out how to unwind this stimulus.

Comex Gold signal

Comex Gold Signal

21Jun

Singapore stocks watch: STI resumes Thursday evening exchanging at 3,307.61, down 0.3% on day

SINGAPORE shares were brought down when exchanging continued on Thursday evening, with the Straits Times Index dropping 8.29 focuses, or 0.3 for every penny to 3,307.61 as at 1pm.

Washouts dwarfed gainers 161 to 121, after around 951.2 million offers worth S$449.5 million changed hands.

The most effectively exchanged counters by volume were Nico Steel Holdings, which was level at 0.2 Singapore penny with 192.2 million offers exchanged, and Noble Group, which rose 17 for every penny to 10.3 Singapore pennies, with 42 million offers exchanged.

Other dynamic list stocks included Venture Corp which fell 1.6 for each penny to S$17.91; and Wilmar International which lost 1.6 for every penny to S$3.07.

ExxonMobil wraps up world’s biggest gums plant in Singapore

The undertaking utilized in excess of 5,500 contract laborers at the pinnacle of development.

ExxonMobil began the creation of hydrogenated hydrocarbon sap and halobutyl elastic at the two new plants of its multi-billion dollar incorporated assembling complex in Singapore. It is the organization’s biggest coordinated refining and petrochemical complex on the planet.

As indicated by a declaration, ExxonMobil’s new EscorezTM hydrogenated hydrocarbon gums plant will be the world’s biggest with a limit of 90,000 tons for each year and will take care of long haul demand development for hot-dissolve cements utilized as a part of bundling or infant diapers.

The new 140,000-tons-per-year butyl plant will likewise create premium halobutyl elastic utilized by producers for tires that better keep up expansion to enhance mileage, the organization said.

The task utilized in excess of 5,500 contract specialists at the pinnacle of development. The plants add 140 employments to ExxonMobil’s current workforce of more than 2,500 at its Singapore fabricating complex. ExxonMobil has in excess of 4,000 workers in Singapore.

20Jun

GOLD TRADING FORECAST TODAY

Gold Trading Forecast Today

                                                                             Gold Trading Forecast Today

Gold Trading forecast Today

Gold Trading Forecast Today

INTERNATIONAL COMEX NEWS

  • Gold prices were modestly lower on Tuesday, pressured lower by a rising U.S. dollar while trade tensions lingered. Comex gold futures for August delivery were down 0.23% to $1,277.20 a troy ounce as of 10:08 AM ET (14:08 GMT). Trade tensions between China and the U.S. continued, as the two largest economies in the world faced a tit-for-tat over global trade tariffs.
  • Global oil prices look poised to rise in the medium term, but since the United States produces more oil than it once did and businesses are more judicious in their fuel use, a jump in oil prices would not hurt the country’s economic growth much, a U.S. central banker predicted on Tuesday. It is the view of Dallas Fed economists that the negative impact of higher oil prices on GDP growth is likely to be more muted than in the past,” Dallas Federal Reserve Bank President Robert Kaplan said in an essay on the economic impact of energy markets.
  • Oil prices saw mixed signs in midmorning trade on Tuesday as disagreements among major producers over output curbs continued ahead of a key meeting in Vienna on Thursday and Friday. New York-traded West Texas Intermediate crude futures fell 72 cents, or about 1.1%, to $64.97 a barrel by 10:22AM ET (14:22GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded down 15 cents, or 0.2%, to $75.19.

ECONOMY NEWS

  • China should cut banks’ reserve requirement ratios (RRR) to help ease their burdens, the central bank said in a working paper on Tuesday, fanning expectations of an imminent policy move as its governor urged investors to remain calm. Fears of a full-blown trade war with Washington have magnified concerns about the outlook for the world’s secondlargest economy, following weaker-than-expected growth data for May and as a regulatory crackdown in its third year starts to weigh on business activity.
  •  The European Central Bank could ditch a plan to impose new rules on all euro zone banks under its watch to reduce their bad loans, and could instead move toward a “case-by-case approach”, the head of its supervisory body said on Tuesday. Plans by the ECB’s Single Supervisory Mechanism (SSM) to force banks to set aside cash within a given timeframe against the large pile of soured credit they hold has met resistance from bankers, lawmakers and even within the central bank.
  • Russia will impose import tariffs on certain goods from the United States in response to duties imposed by Washington on steel and aluminum imports, Economy Minister Maxim Oreshkin said on Tuesday. The tariffs will target goods that have domestic equivalents in Russia, and the move will not affect Russian macroeconomic performance, Oreshkin said.Gold Trading forecast Today
19Jun

Seen as potential takeover focus with undiscovered GFA, AA REIT gets a ‘BUYCALL’ from DBS

DBS Group Research likes AIMS AMP Capital Industrial REIT (AA REIT) for its enhanced and sought after portfolio, better than expected yields and takeover plausibility.

In a Tuesday report, lead examiner Carmen Tay says AA REIT is interesting for its 600,000 sf of undiscovered gross floor zone (GFA), which is one of the most elevated among peers. Given the prime area of chose properties, Tay trusts the director can conceivably redevelop these locales into future-confirmation resources like server farms.

“We evaluate the opening of unutilised GFA could lift its expert forma FY18 income and NAV by 15.8% and 7.9%, separately,” says Tay.

With combinations among mechanical REITs in center, Tay additionally trusts AA REIT could be a potential takeover target given its divided shareholding structure and access to undiscovered GFA inside the portfolio.

Moreover, AA REIT offers speculators a higher level of salary conviction in front of the area’s foreseen recuperation in 2020 with alluring profit yields of 7.4%-7.6% p.a. over FY19F-21F, bolstered by ace leases with worked in rental accelerations.

Counting undiscovered GFA, AA REIT’s inferred yield (NPI/EV) of 6.4% would put them at the upper end of its associate scope of 5.1%-6.6%, includes Tay.

“Start with ‘purchase’ and DCF-based target cost of $1.55, in light of WACC of 6.6% and terminal development rate of 1.5%. The redevelopment of AA REIT’s underutilized locales could raise its reasonable incentive to $1.65,” says Tay.

As at 2.17pm, units in AA REIT are exchanging at $1.38 giving it a yield of 7.5% in view of FY19F DPU of 10.3 pennies.

18Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold signal

                                                                                      Comex Gold Signal

Comex Gold Signal

Comex Gold Signal

INTERNATIONAL COMEX NEWS

  • Gold prices continued to languish at year-to-date lows despite the dollar turning negative and rising geopolitical tensions amid growing fears of a U.S.-China trade war. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $27.60 or 2.11%, to $1,280.70 a troy ounce. Gold fell as the dollar posted a fresh 2018 high before profit taking sparked a reversal pressuring the greenback lower.
  • WTI crude oil prices settled lower as data pointing to an ongoing expansion in U.S. output and fears that Saudi Arabia and Russia were set to hike production weighed on sentiment. On the New York Mercantile Exchange crude futures for July delivery fell 2.74% to settle at $65.06 a barrel, while on London’s Intercontinental Exchange, Brent fell 3.41% to trade at $73.35 a barrel.
  • A plan requested by U.S. President Donald Trump to prevent struggling nuclear and coal power plants from shutting is still being “fleshed out” by the U.S. Department of Energy (DOE) and the White House, Energy Secretary Rick Perry said on Friday. Trump on June 1 directed Perry to take emergency steps to keep nuclear and coal plants running, in what would amount to an unprecedented intervention in U.S. power markets that has drawn backlash from environmentalists as well as oil, gas and renewable energy companies.

ECONOMY NEWS

  • Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed on Friday. The poll also found a majority of Americans and Canadians are united in support of Trudeau and opposition to Trump in their countries’ stand-off over the renegotiation of the 1994 North American Free Trade Agreement (NAFTA).
  • U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than 800 strategically important imports from China that would be subject to a 25 percent tariff starting on July 6, including cars, the latest hardline stance on trade by a U.S. president who has already been wrangling with allies.
  • Colombia has formally requested permission to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Mexico’s Economy Minister Ildefonso Guajardo said on Friday. Guajardo was speaking at a news conference alongside Colombia’s Foreign Minister Maria Angela Holguin and Mexican Foreign Minister Luis Videgaray in Mexico City.

Comex Gold Signal

Comex Gold Signal

14Jun

Stocks to watch: Keppel, Tritech, China Everbright Water, Envictus International

Stocks to watch :The accompanying stocks made declarations after the market shut on Wednesday (June 13), which could influence the exchanging of their offers.

Keppel Offshore and Marine: Keppel Offshore and Marine has conveyed a second lift boring apparatus to Borr Drilling. Conveyance of the lift named Skald came a large portion of multi year after that of Borr Drilling’s apparatus, Saga. Skald and Saga are initial two of five Super B Class jack-ups Transocean has authorized to Keppel Fels for development at U$1.1 billion. Borr Drilling assumed control over the apparatus development contracts from Transocean in 2013 out of an exchange that esteemed each raise at U$216 million, not very a long way from the first cost of U$219 million.

Tritech Group: Tritech Group auxiliary Tritech Engineering and Testing (Singapore) has been granted a $4.6 million decrease by Changi Airport Group for the arrangement of soil examination administrations at Changi Airport Terminal 5, the gathering said in an administrative documenting on Wednesday night. The initiation date for administrations is June 18, with finish on April 17, 2020.

China Everbright Water: China Everbright Water has consented to an arrangement to procure building configuration firm Xuzhou Municipal Engineering Design Institute in China’s Jiangsu region, for a money thought of 82 million yuan ($17.10 million). China Everbright Water official chief and CEO A Xuesong said the organization will supplement the organization’s abilities in metropolitan building outline. “Moreover, by having its own metropolitan outline foundation, the organization will upgrade the proficiency of its building configuration works while lessening the important costs,” said Mr An. “With this new stage, the organization will likewise have the capacity to attempt configuration ventures identifying with water administrations to make another wellspring of benefit development.” The establishment is the main national review A civil plan foundation in the Huaihai financial zone.

Envictus International: Food and refreshment bunch Envictus International’s backup PT Quick Service Restaurant has entered a concurrence with United State-based franchiser Cajun Global to create 80 Texas Chicken establishments only for domains in West Java, Jakarta, Banten, Lampung, South Sumatra and Bengkulu in Indonesia for a long time through 2027.

14Jun
438174_4c36_7

Epic Research : Forex Market Update

INTERNATIONAL CURRENCY BUZZ

Forex – Dollar Slips Lower Before Fed Rate Decision
Forex – Sterling Touches Day’s Lows after UK Inflation Data
Forex – EUR/USD climbs to session tops near 1.1780 ahead of FOMC

EUR/USD

The dollar and the euro were little changed in rangebound trade on Wednesday as traders awaited a Federal Reserve policy announcement later in the day and looked ahead to Thursday’s European Central Bank meeting. The U.S. dollar index, which
measures the greenback’s strength against a basket of six major currencies, was trading at 93.88 by 03:46 AM ET (07:46 AM GMT), little changed for the day after rising 0.29%. The Fed is widely expected to raise interest rates for the second time this year
at the conclusion of its policy setting meeting later in the day. With a rate hike almost fully priced in, markets are focusing on whether the Fed will signal hiking rates four times this year, rather than the three times its indicated earlier in the year. The dollar
rose to fresh three week highs against the yen, with USD/JPY rising 0.21% to 110.59. The euro was almost unchanged against the dollar, with EUR/USD last at 1.1746.

GBP/USD

The pound slid to the day’s lows on Wednesday after data showing thatUK inflation remained steady at a one-year low on May, despite pressure from higher oil prices. GBP/USD hit lows of 1.1312 after the release of the data and was trading at 1.3319 by 05:19 AM ET (09:19 AM GMT). The Office for National Statistics reported
that the annual rate of inflation rose by 2.4% in May, unchanged from the previous month, which was a one year low and in line with expectations. Rising motor fuel prices produced the largest upward contribution to inflation, the ONS said, reflecting increases in crude oil prices. Underlying inflation rose by 2.1% on a year-over-year
basis, matching the previous month and also in line with forecasts. Inflation remains below wage growth, even after data on Tuesday showing that wage growth slowed slightly in the three months to April. The steep drop in sterling in the wake of the June 2017 Brexit referendum drove up the cost of imports, leading to a spike in inflation.

14Jun

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

Comex Gold Signal

                                                                                  Comex Gold Signal

Comex Gold Signal

Comex Gold signal

INTERNATIONAL COMEX NEWS

  • U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran. Trump sparked the latest back-and-forth when he renewed his attack on OPEC in a tweet that said oil prices are too high and that the cartel was “at it again.“
  • Gold prices were little changed in midmorning trade on Wednesday as traders looked ahead to the Federal Reserve’s policy decision. At 10:06AM ET (14:06GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up 70 cents, or 0.05%, to $1,300.10 a troy ounce. According to data released on Wednesday, producer price inflation accelerated more than expected in May, underlining the case for the Fed to stick to its plans to hike interest rates gradually.
  • Many top U.S. shale oil producers are missing out on the rally in oil prices to more than $70 a barrel – because they sold their oil through futures contracts at about $55 last year when that looked like a good deal. Now, it looks cheap. Those hedged bets will hold down revenues and further frustrate Wall Street investors, who have been disappointed by slow returns from the booming Permian Basin in west Texas.

ECONOMY NEWS

  • Shares of H&R Block Inc (N:HRB) fell as much as 21 percent on Wednesday, after the tax preparer said it expected profit margins to shrink as it invests heavily in technology to lure clients who do their own taxes. H&R, which helps corporations and individuals prepare their tax filings, might also see fewer clients using its services because the recent tax overhaul has made it simpler for people to file their taxes. The company is investing heavily in technology, changing pricing plans and will consolidate 400 offices to cut costs.
  • Switzerland is prepared to take a flexible approach to labor market rules in talks with the European Union on a new treaty, Foreign Minister Ignacio Cassis said, signaling movement on a potential stumbling block for any deal. Swiss rules for how foreign companies deploy workers for short-term projects are a thorn in the side for Brussels, which also wants the treaty to regulate Swiss state aid that could skew competition, diplomats say.
  • The Greek government could discuss the timing of a possible new bond issue after next week’s meeting of euro zone finance ministers which is expected to decide on debt relief measures for Athens, junior economy minister Alexis Charitsis said. Heavily indebted Greece, shut out of bond markets in 2010, has returned to the markets twice over the last 12 months in an attempt to build a cash buffer that could reassure investors after its third international bailout program ends in August.

Comex Gold Signal

Comex Gold signal

 

13Jun

shopper360 shows ‘trading buy’ trend despite CEO’s resignation for allegations of misconduct

Phillip Securities Research is starting scope on Malaysia-based promoting administrations supplier shopper360 with an “exchanging purchase” suggestion and an objective cost of 33 pennies.

The objective cost is over 83% higher than shopper360’s last exchanged cost of 18 pennies on May 8.

The financier’s scope commencement comes notwithstanding shopper360 losing its CEO only two months back.

The organization on Apr 17 declared that then-CEO Samuel Chan had surrendered willfully in the midst of an interior examination of asserted wrongdoing. It didn’t reveal additionally points of interest on the examinations nor the idea of the claimed bad behavior.

 

Shopper

Gathering overseeing chief and official administrator Chew Sue Ann will expect the part of CEO while the gathering looks for an appropriate substitution, shopper360 said in a recording to SGX.

“Administration noticed that the ongoing negative news on its territorial executive, Mr Samuel Chan, does not have any effect on the gathering’s money related and business activities,” says expert Soh Lin Sin in a give an account of Wednesday.

In the 1H18 finished November, the gathering announced a 31% ascent in income to RM 4.6 million ($1.53 million), on the back of the transfer of misfortune making Paragon Premium.

Soh trusts that shopper360 could see a more grounded FY19, driven by new contracts with higher edges. She conjectures that shopper360’s center income will develop at 20% for each annum in FY18-19.

“New clients procured, including the media concession rights for Shell and MyNews, inventive office contract for Burger King Singapore, and also media affiliate rights for Spotify Malaysia, give perceivability of income to FY19,” Soh says.

In the meantime, the investigator opines that the gathering could gain by the capability of Myanmar’s quickly developing business sector.

“We trust that its vital association with Pahtama Group – Myanmar’s driving present day retail chain – give S360 first mover advantage in Myanmar,” Soh says.

“Rising shopper prosperity, progressively complex customer and also increasing rivalry in Malaysia, Singapore and Myanmar would drive higher interest for advertising and limited time exercises,” she includes.

Also, Soh takes note of that shopper360 is as of now exchanging at an alluring valuation, beneath its IIPO cost of 29 pennies in June a year ago.

“Changing for the posting and posting related costs, it is as of now exchanging at trailing year cost to-profit proportion (P/E) of 5.8 times, as thought about its worldwide associates’ normal trailing 12M P/E of 13.0 times,” she says.

13Jun

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

                                                                                 GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were little changed in midmorning trade tracking caution also seen in the dollar as the Federal Reserve’s two-day policy meeting kicked off on Tuesday. At 10:40AM ET (14:40GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange slipped 70 cents, or 0.05%, to $1,302.50 a troy ounce. On the geopolitical front, U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denuclearization of the Korean peninsula, while Washington committed to provide security guarantees for its old enemy.
  • OPEC said the oil market outlook in the second half of 2018 is highly uncertain even though the producer group’s figures show a global glut has ended, suggesting talks next week on relaxing a supply cut deal won’t be straightforward. OPEC, Russia and other non-OPEC producers have been cutting output since January 2017 to get rid of excess supply and boost prices.
  • Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand. Aramco, the world’s biggest oil producer, is expanding its footprint globally by signing downstream deals and boosting the capacity of its plants, ahead of an initial public offering next year – the largest IPO in history.

ECONOMY NEWS

  • Goldman Sachs (NYSE:GS) on Tuesday cautioned investors with U.S. mortgage-backed securities holdings face the risk of below average returns in the coming year due to rising bond yields and their current low yield premiums over comparable U.S. Treasuries. After adjusting for risk, MBS on average have produced 0.35 percentage point more than Treasuries in annual total return since 1998, Goldman Sachs analyst Marty Young said in a research note.
  • Signs of economic weakening in Italy and the wider euro zone are complicating the new, anti-establishment coalition’s plans for deep tax cuts and higher welfare spending. When the euro zone slows down, chronically sluggish Italy normally slows more sharply, with a knock-on effect on its fragile public accounts. The euro zone’s third largest economy has grown less than any of its partners since the start of monetary union in 1999, and high unemployment and rising poverty helped propel the 5-Star Movement and the right-wing League into power.
  • The Faroe Islands are targeting a free trade deal with Moscow next year to cement their place as Russia’ biggest foreign supplier of fish, a minister said on Tuesday. With a population of only 50,000, the tiny group of windswept rocky islands in the North Atlantic became the No.1 exporter of fish to Russia last year, according to data from the country’s customs agency. They supplanted Norway following the tit-for-tat sanctions with the West that followed Moscow’s annexation of Crimea in 2014.

13june4

13june5

 

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