17Aug

COMEX MARKET IN MALAYSIA | 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 dropped on Thursday while the U.S. dollar also slid despite higher demand in safe-haven assets amidst the Turkish lira crisis. Gold Futures for December delivery went down by 0.48% to $1,179.2 per troy ounce at 12:02AM ET (04:02 GMT) on the Comex division of the New York Mercantile Exchange. The U.S. dollar index that tracks the greenback against a basket of six other currencies also pulled back to 96.36, down by 0.24% after hitting a 13-month high in the previous session.
  • U.S. crude prices plunged further on Wednesday, hitting an eight-week low after data showed that U.S. oil stockpiles rose unexpectedly last week. West Texas Intermediate crude was down $1.73, or roughly 2.5%, at $65.36 a barrel on the New York Mercantile Exchange by 10:33AM ET. It was the lowest level since June 21. Prices were at around $65.86 prior to the release of the inventory data.
  • Oil prices were mixed on Thursday as data from the Energy Informational Administration (EIA) showed the U.S. crude inventory level unexpectedly hiked by 6.8 million barrels in the week ending Aug 10. Analysts previously forecasted stockpiles would fall by 2.5 million barrels.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Lebanese banks are pulling out the stops to bring in dollars as the country strives to preserve a two-decade old currency peg, offering high returns to customers willing to change their hard currency into long-term Lebanese pound deposits. It is one sign of Lebanon’s determination to maintain monetary stability as political leaders’ warnings of economic crisis have fueled rumors that have led the central bank to issue repeated assurances about the peg’s soundness.
  • Swept along by super-easy money, investors have debated for years how world markets will react when this central bank largesse inevitably ends. Now the liquidity tide is about to turn, and they have only a few months to adjust. The world’s four biggest central banks – the U.S. Federal Reserve, European Central Bank, Bank of Japan and the Bank of England – have pumped around $13 trillion into the global economy since the crisis year of 2009, sharply expanding their own balance sheets of financial assets.
  • Last year, Abbey Jones’ high school routine had a twist. For 45 minutes each week, she became one of 15 student tellers at the Community Spirit Bank branch at Red Bay High School in Red Bay, Alabama. Her job? To handle her peers’ transactions and market the bank’s student-specific accounts. Community Spirit has used a digital platform to teach Red Bay students financial concepts for roughly five years.

GOLD TRADING FORECAST TODAY

 

16Aug

Singapore Stocks Watch: Singapore shares end bring down on Thursday

Offer costs in the Singapore bourse shut lower on Thursday, with the key Straits Times Index down 22.19 focuses, or 0.7 for each penny, to 3,211.93.

Around 1.52 billion offers worth S$1.05 billion altogether changed hands, which worked out to a normal unit cost of S$0.69 per share. Failures dwarfed gainers 256 to 158.

The most effectively exchanged stock was Oceanus Group, which shut unaltered at 0.5 Singapore penny with 79.4 million offers evolving hands. Different actives included Yangzijiang Shipbuilding and Thai Beverage.

Singapore Stocks Watch: ASL Marine, Aspial, CFM, Heeton, KSH, Vibrant, Stratech

THE accompanying organizations saw new improvements which may influence exchanging of their offers on Thursday:

ASL Marine: The shipbuilder and vessel charterer on Wednesday night said it hopes to report a net misfortune for the final quarter and entire year finished June 30, in results to be discharged on Aug 29. The normal misfortune is principally because of powerless commitment from the shipbuilding section and hindrance misfortunes, it said.

Aspial Corp: The gems and property organization declared on Thursday morning an obligation buyback program to repurchase up to S$10 million of a remarkable S$74 million of 5.5 for every penny notes due in November.

CFM Holdings: The metal-stamping firm hopes to record a net misfortune after expense for its 2018 monetary year due predominantly to arrangement for suit charges and terrible obligations discounted. It expects anyway that net misfortune after expense for 2018 to be essentially lower than the net misfortune after duty for the monetary year finished June 30, 2017.

Heeton Holdings and KSH Holdings: The organizations have together obtained the Smile Hotel Asakusa in Tokyo, Japan, they said on Wednesday night. Heeton will have a 70 for every penny stake and KSH 30 for each penny in the obtaining, which is the couple’s second lodging property in Japan. The obtaining total was not revealed.

Energetic Group: The organization on Wednesday night said an engine vehicle transporting certain bookkeeping records of a unit of backup Blackgold International Holdings burst into flames almost a coal mine in China on Aug 9. The fire is suspected to be a ponder demonstration to wreck records and occurred about multi month after the gathering declared that its evaluators have discovered bookkeeping abnormalities in specific units of Blackgold, said Vibrant.

Stratech: The reconnaissance tech firm on Wednesday said it has consented to put out a possible 58.4 for each penny stake in itself to a private value speculator for US$20 million and to change over about S$8.75 million of credits into shares.

16Aug

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 recovered from an 18-month low on Tuesday, as the U.S. dollar softened, . Comex gold futures for August delivery rose 0.47% to $1,204.50 a troy ounce as of 10:37 AM ET (14:37 GMT). Gold fell to an 18-month low on Monday, after economic turmoil in Turkey caused the Turkish lira to plunge to an all-time low of 7.1289. The lira recovered on Tuesday, breaking a 5-day losing streak after the country’s central bank pledged to provide liquidity in response to a meltdown that led to a global sell-off in equities.
  • Prices for U.S. farm exports dropped in July by the most in more than six years as a trade war with China heated up, Labor Department figures showed Tuesday. Agricultural export prices fell 5.3 percent from the prior month, the biggest drop since October 2011, as soybean prices plummeted 14.1 percent. Export prices for corn, wheat, fruits and nuts also slumped in July. The overall export price index dropped 0.5 percent, the most since May 2017, the department said.
  • Oil prices rose on Tuesday after reports revealed that top exporter Saudi Arabia cut production one month after it agreed the Organization of the Petroleum Exporting Countries (OPEC) to produce more crude. Meanwhile, OPEC remains positive on overall demand. Brent Oil Futures for October delivery went up 0.30% to $72.83 per barrel at 1:00AM ET (05:00 GMT), while Crude Oil WTI Futures for September delivery also edged upwards by 0.45% to $67.50 per barrel.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • A planned budget for the euro zone could be integrated into the broader spending funds of the European Union, Chancellor Angela Merkel said on Tuesday, adding she sees no immediate need for a finance minister for the currency bloc. Speaking to residents of the eastern city of Jena during a “town hall” meeting, Merkel repeated her support for an agreement reached with France in June to boost investments and strengthen economic convergence in the euro zone.
  • Major Tesla Inc (O:TSLA) shareholder, Fidelity Investments, cut its stake in the electric automaker by 21 percent during the second quarter, before Chief Executive Elon Musk announced his plan to take the company private earlier this month. FMR LLC, the Boston-based manager of the Fidelity funds, sold 3 million shares, or a fifth of its stake, and held under 11.2 million shares by June 30, it said in a filing with the U.S. Securities and Exchange Commission (SEC) late on Friday.
  • The Turkish lira crisis is far from over. The country is potentially heading into a balance-of-payments crisis, according to UBS. President Tayyip Erdogan has made multiple speeches showing that he does not understand basic economics. Without a sharp rise in interest rates, which Erdogan opposes, Turkey may have to restrict cash withdrawals from banks or get a bailout from the IMF.

COMEX GOLD SIGNAL

14Aug

COMEX MARKET IN MALAYSIA | 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 traded lower on Monday, with spot prices hitting a 17-month low, as concerns over the crisis in Turkey sent investors flocking to the dollar, dampening demand for the precious metal. At 4:19 AM ET (8:19 GMT), spot gold fell $6.60, or 0.54%, to $1,204.81, just off an intraday low of $1,203.83, its lowest level since March 2017. Meanwhile, gold futures for December delivery on the Comex division of the New York Mercantile Exchange lost $7.00, or 0.57%, to $1,212.00 a troy ounce.
  • A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between Beijing and Washington. The docking of the vessel after five weeks anchored off China’s coast ended long-running speculation over the fate of the cargo, which had captured public attention.
  • OPEC on Monday forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production. In a monthly report, the Organization of the Petroleum Exporting Countries said the world will need 32.05 million barrels per day (bpd) of crude from its 15 members in 2019, down 130,000 bpd from last month’s forecast.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Having sunk to 13-month lows, sterling could fall by up to another 10 percent in the coming months should Britain crash out of the European Union without a deal on future trade ties, luring more speculators to bet against the currency. Sterling lost almost two percent last week just as British holidaymakers were heading off for some overseas sun . The latest move lower was kickstarted by trade minister Liam Fox’s warning that, with Britain less than eight months from its scheduled EU departure date in March, there was a 60 percent chance of leaving without a deal.
  • President Tayyip Erdogan said on Monday he expected attacks on Turkey’s economy to continue but predicted the lira would return to “rational levels” soon, after the Turkish currency hit a record low of more than 7 to the U.S. dollar. Erdogan, who has described the lira’s fall as the consequence of a plot rather than economic fundamentals, also said that spreading false news about the economy was treason and recent U.S. actions were a stab in the back against Ankara.
  • The Kremlin said on Monday that Russia favored bilateral trade with all countries in their national currencies, rather than the dollar, but that the idea needed detailed work before being implemented. Turkish President Tayyip Erdogan said on Saturday Turkey was preparing to conduct trade through national currencies with China, Russia and Ukraine.

GOLD TRADING FORECAST TODAY

13Aug

SINGAPORE STOCK WATCH: Singapore shares end bring down on Monday

SINGAPORE STOCK WATCH:
Offer costs in the Singapore bourse shut lower on Monday, with the key Straits Times Index down 39.44 focuses, or 1.2 for every penny, to 3,245.34.

Around 2.31 billion offers worth S$1.2 billion altogether changed hands, which worked out to a normal unit cost of S$0.52 per share. Washouts dwarfed gainers 276 to 164.

The most effectively exchanged stock was ThaiBev, which lost two Singapore pennies, or 2.8 for each penny, to end at S$0.70 after 64 million offers changed hands. Different actives included Yangzijiang Shipbuilding Holdings and SingTel.

Dynamic Group required an exchanging end before showcase open, pending the arrival of a declaration. No declaration had been made as at showcase close.

 

Saudi puts its cash on tech as it plans for life after oil

The world’s greatest unrefined exporter is future-sealing itself against oil’s decrease by putting resources into cutting edge innovations.

Saudi Arabia has collected a stake in electric auto producer Tesla Inc. for about US$$2 billion through its Public Investment Fund and plans to be a piece of any financial specialist pool that rises to take the organization private. That is over a US$3.5 billion interest in ride-sharing organization Uber Technologies Inc., a US$45 billion pledge to SoftBank Group Corp’s. US$100 billion innovation subsidize and an arranged venture of about US$1 billion in Virgin Group’s space organizations.

Neom, an arranged US$500 billion modern cities that it’s trusted will have a larger number of robots than individuals on a destroy landmass in the kingdom’s northwest is additionally part of the arrangement. The city will have a connection “with computerized reasoning, with the web of things — everything,” Crown Prince Mohammed canister Salman said in October, when Neom was reported. The task incorporates a scaffold spreading over the Red Sea, interfacing the proposed city to Egypt and whatever is left of Africa.

While the International Energy Agency sees oil request rising in excess of 10 percent to 103.5 million barrels every day by 2040, propels in vehicle effectiveness, the ascent of electric autos, more tightly emanations benchmarks and movements to other fuel sources would bring about rough request much lower than the business is betting on. Around 60 percent of oil is utilized as a part of transportation, which is additionally where the greatest mechanical changes are rising.

13Aug

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 traded higher on Friday as investors flocked to safe-haven assets while U.S. President Donald Trump announced the implementation of higher tariffs on Turkey. At 11:32 AM ET (15:32 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $1.55, or 0.13%, to $1,213.93 a troy ounce. “I have just authorized a doubling of tariffs on steel and aluminum with respect to Turkey as their currency, the Turkish lira, slides rapidly downward against our very strong dollar!”
  • Metals prices were mostly lower Friday as a plunging euro pushed the dollar above a year high, rattling investor sentiment on dollar-dominated commodities. But gold steadied on safe-haven demand. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $0.90, or 0.07%, to $1,219.00 a troy ounce, but remained above an intraday low of $1,213.20.
  • WTI crude oil prices slumped to a weekly loss, despite settling higher Friday on renewed bets on steeper losses of Iranian crude from market. Expectations for a rebound in oil demand growth also lifted sentiment. On the New York Mercantile Exchange crude futures for September delivery rose 82 cents settle at $67.63 a barrel, while on London’s Intercontinental Exchange, Brent rose 0.97% to trade at $72.77 barrel.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • China’s state media continued a barrage of criticism of the United States on Saturday as their tit-for-tat trade war escalated, while seeking to reassure readers the Chinese economy remains in strong shape. Commentaries in the People’s Daily, China’s top newspaper, likened the United States to a bull in a China shop running roughshod over the rules of global trade and said that China was “still one of the best-performing, most promising and most tenacious economies in the world.”
  • Talks between the United States and Mexico over the future of the North American Free Trade Agreement were set to drag into next week, as auto industry officials said on Friday that new sticking points had emerged over President Donald Trump’s threat to impose steep automotive tariffs. Auto industry officials familiar with the talks said the Trump administration wants the ability to impose national security tariffs on future Mexican production from new auto assembly and parts plants.
  •  Japan’s Economy Minister Toshimitsu Motegi said on Friday he had had productive trade talks with U.S. Trade Representative Robert Lighthizer and that they planned to meet again in September. He said both acknowledged the importance of expanding trade between the two nations. “We agreed to seek ways to promote Japan-U.S. trade by working out gaps between the two nations and expand areas to cooperate based on shared understanding,” Motegi told re

COMEX GOLD SIGNAL

10Aug
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Forex Market Report

INTERNATIONAL CURRENCY BUZZ
Forex – US Dollar Digestion Comes Back Ahead of US Inflation
Forex – GBP/USD spikes and retreats, back below 1.2900 handle
Forex – EUR/USD stays below 1.1600 post-US data

EUR/USD

The single currency keeps the negative ground so far today and is now prompting EUR/USD to navigate within the daily range below the 1.1600 milestone. The pair remained apathetic despite today’s US docket came in on a mixed tone. In fact, US Producer Prices came in flat on a monthly basis during July and rose 3.3% over the last twelve months. Prices excluding energy and food costs gained 0.1% inter-month and 2.7% on a yearly basis. Further US releases saw Initial Claims rising 213K WoW, bettering estimates and taking the 4-week Average to 214.25K from 214.75K. In the meantime, spot is looking to consolidate after failing to break above the 1.1630 region earlier in the week. The inability to move further north of this area could originate some consolidation in the near term with the likelihood of a deeper retracement afterwards.

GBP/USD

The GBP/USD pair reversed an early dip to fresh 11-month lows and spiked beyond the 1.2900 handle in the last hour, albeit quickly retreated around 20-25 pips. Incoming Brexit headlines continue to play a key role in driving the sentiment surrounding the British Pound, with some positive Brexit development helping the pair to stage a goodish rebound from an intraday low level of 1.2942. According to a report, via the Business Insider, the EU member states are reportedly willing to consider a Brexit deal, which will allow Britain to remain in the single market for goods while opting out of the free movement of people. The news provided a minor boost to the British Pound and prompted some short-covering move from a support marked by a downward sloping descending trend-channel formation on the daily chart. The uptick, however, lacked any strong follow-through as investors believed that any such deal is likely to get rejected in the UK Parliament as it will limit the country’s ability to strike a new free trade deal.

 

10

9Aug

Europe’s stocks shrink; US sanctions pummel Russia’s ruble

Asian offers were stifled on Thursday after another round of one good turn deserves another taxes in the U.S.- Sino exchange strife torpedoed oil costs, while the Russian rouble tumbled as the U.S. slapped new authorizes on the nation.

European securities exchanges battled on Thursday with exchange war stresses, Russia’s ruble tumbled after the United States forced crisp authorizes on the nation and Turkey’s lira dropped to an amazing failure.

A rally in Chinese stocks had helped balanced the most recent acceleration in the Sino-U.S. exchange war in Asia medium-term, however an excessive amount of was going on adjacent for Europe to remain upright.

London’s FTSE , Frankfurt’s DAX and Paris’ CAC40 were down 0.6 percent, 0.1 percent and 0.4 percent individually, while German government bonds ascended in expansive get for security.

However, the principle firecrackers were in the money markets. The Russian rouble sank after Washington said it would force crisp approvals since it had established that Moscow had utilized a nerve specialist against a previous Russian operator and his little girl in Britain.

There were likewise reports of another U.S. Senate charge that would force across the board endorses on Russia for interfering in U.S. decisions.

The ruble slid to its most reduced since late 2016, 66 rubles to the dollar. The Russian cash dropped 1 percent in the wake of falling 3 percent medium-term.

7Aug

Singapore Stock Watch :Singapore shares end higher on Tuesday

Singapore Stock Watch :

SINGAPORE shares shut higher on Tuesday, with the Straits Times Index up 1.7 for each penny or 54.66 focuses to 3,340.

Around 1.99 billion offers worth S$1.37 billion altogether changed hands, which worked out to a normal unit cost of S$0.69 per share.

Gainers dwarfed failures 249 to 158.

The most effectively exchanged stock was Genting Singapore, which shut S$0.01 or 0.9 for each penny bring down at S$1.12 with 46.5 million offers evolving hands.

Different actives included ThaiBev and Ezion Holdings.

Singapore’s fintech stage Rate brings $15m up in token deal from Matrix Partners, others

Singapore-based fintech organization Rate has brought $15 million up in a token offering through its cross-outskirt installments blockchain venture Rate3 from speculators including Matrix Partners China and Fenbushi Capital author Bo Shen. The token deal was likewise joined by crypto-centered VC firms Node Capital, Kenetic, FBG Capital and Signum Capital. Continues will be utilized for specialized item improvement and extension to different markets. Rate3 is a blockchain-based settlement and leeway stage that encourages cross-outskirt installment and credit scoring for SMEs and people. “We trust that blockchains have not achieved standard selection in light of the fact that the present framework isn’t prepared yet. In the first place, there are no basic legitimate structures to tie possession and control of true resources for computerized tokens. Second, there are as yet many varying savvy contract gauges and in conclusion, the present character environment on blockchains is as yet divided.

Without normal benchmarks, government controllers will likewise think that its difficult to manage and review blockchain organizations,” said Rate prime supporter and CEO Jake Goh. The aggregate subsidizing got sums to 25,000 ether (ETH), the advanced token on the Ethereum organize. Rate3’s tokenized resources can likewise exit as Steller resources. Preceding the most recent gathering pledges, Rate had raised a $2.3-million pre-Series A round co-driven by Alpha JWC Ventures and Insignia Venture Partners in March 2018. Rate says it looks to guarantee honesty and security of monetary exchanges over its stage and relieve fakes in the web based business and online installment space that are required to reach $41.7 billion by 2020. “As a backer of blockchain advances and subsequent to having sponsored 400 organizations, the test for ventures to receive blockchain is extremely genuine. We trust Jake has the perseverance and foreknowledge to rally his group to execute Rate3’s vision of a tokenized world among ventures,” said David Su of Matrix Partners China. A few trades on which RTE tokens are exchanged incorporate Bibox FCOIN, Coinrail, ABCC trade, DDEX, DEX.top and IDEX.

To get more updates on Singapore Stocks Watch and best Singapore Stocks Tips, Click here SGX Stock Tips

 

 

7Aug

COMEX MARKET IN MALAYSIA | 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 hovered near a 17-month low on Monday amid lingering worries over the U.S.-China trade conflict, while a stronger U.S. dollar also put pressure on the yellow metal. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell by $0.9, or 0.07%, to $1,224.4 a troy ounce by 1:50AM ET (05:50 GMT). Chinese authorities announced on Friday that it would impose tariffs, ranging from 5% to 35%, on $60 billion in U.S. goods that include many agriculture-related goods if the U.S. proceeded with placing more tariffs on Chinese imports.
  • Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau. Markets also anticipated an announcement from Washington later on Monday on renewed U.S. sanctions against major oil exporter Iran. So-called “snapback” sanctions are due to be reinstated at 12:01 a.m. EDT on Tuesday, according to a U.S. Treasury official. Spot Brent crude oil futures were at $73.42 per barrel at 0653 GMT on Monday, up 21 cents, or 0.3 percent, from their last close.
  • For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War. But a new pipeline that will carry gas direct from Russia under the Baltic Sea to Germany is doing rather less for friendship, driving a wedge between Germany and its allies and giving Chancellor Angela Merkel a headache. For U.S. President Donald Trump, Nord Stream 2 is a “horrific” pipeline that will increase Germany’s dependence on Russian energy.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Indonesia handed over to Malaysia on Monday a $250 million luxury yacht, impounded earlier this year as part of an international hunt for assets purchased with billions of dollars allegedly siphoned off from state fund 1Malaysia Development Bhd. Malaysia’s Prime Minister Mahathir Mohamad thanked Indonesian President Joko Widodo, in a video posted on his Facebook (NASDAQ:FB) page, for facilitating the yacht’s handover.
  • The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan ($601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on Monday. It gave no other details.
  • More than five years into a radical plan to boost the world’s third-biggest economy, the Bank of Japan sent a message of quiet surrender last week, admitting it couldn’t stoke inflation and walking back steps intended to do so. The man leading the BOJ away from its program of unprecedented asset-buying and low or negative interest rates is the man who largely crafted the measures in the first place, bank deputy governor Masayoshi Amamiya. A fan of classical music who has recently begun to favor Russian composers, Amamiya “plays the piano, guitar and flute well,” says a person who has known him for decades.

GOLD TRADING FORECAST TODAY

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