Daily Archives: April 22, 2014

22Apr

Comex Commodity Trading Signals and Market News – 22th April 2014

Gold prices dipped slightly in Asia on Tuesday, but remain supported by tensions between Russia and the West over events in the Ukraine. On the Comex division of the New York Mercantile Exchange, Gold futures for June delivery traded at $1,287.90 a troy ounce, down 0.05%, afterhitting an overnight session low of $1,282.00 and off a high of $1,301.20.

Silver for May delivery rose 0.19% at US$19.388 a troy ounce, while copper futures for May delivery were down 0.13% at US$3.041 a pound.

Crude oil futures lost ground early in Asia on Tuesday on profit taking after a long weekend that saw continued tension between the West and Russia over events in the Ukraine. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $103.48 a barrrel, down 0.16%, after hittting an overnight session low of $102.97 a barrel and a high of $103.82 a barrel.

The global Brent oil contract for June delivery settled 42 cents, or 0.4%, higher at $109.95 a barrel on the ICE Futures Europe exchange.

Natural gas prices fell on Monday as investors locked in gains from last week’s bullish U.S. inventory report sold the commodity for profits. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.729 per million British thermal units during U.S. trading, down 0.54%. The commodity hit session high of $4.799 and a low of $4.725. The June contract settled up 4.51% on Thursday to end at $4.754 per million British thermal units. Markets were closed on Friday due to holiday.

TRADING STRATEGY

SILVER-COMEX has closed @ 19.43. If it breaks the level of 19.29, it can touch the level of 19.15 & 18.99 respectively. If it sustain above the level of 19.72, it can touch the level of 19.86 & 20.02 respectively.

SELL SILVER-COMEX BELOW 19.29 TGTS 19.15, 18.99 SL 19.54.
BUY SILVER-COMEX ABOVE 19.72 TGTS 19.86, 20.02 SL 19.47.

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22Apr
Forex Signals

Forex Market Trading Signals and News of 22th April 2014

➔ Forex – Yen weakens after March trade deficit widens more than expected
➔ Forex – JPY trends weaker ahead of March trade data
➔ Forex – EUR/USD down at the end of U.S. session

GBP/USD
GBP/USD edged up 0.06% to 1.6798 at Friday’s close, and ended the week 0.45% higher. The pair rose to highs of 1.6840 on Thursday, the strongest since November 18 2009. Sterling strengthened broadly after data earlier in the week showed that the U.K. unemployment rate fell to a five year low of 6.9% in the three months to February.The upbeat data bolstered expectations that the Bank of England could raise interest rates as soon as the first quarter of 2015.

USD/JPY
USD/JPY traded at 102.45, up 0.02%, ahead of the data. The US Dollar Index traded at 79.94, up 0.02%.Japan’s March trade data is due at 0850 Tokyo time (2350 GMT). The forecast is for a trade deficit worth ¥1.070 trillion, with exports seen up 6.5% year-on-year and showing a 16.7% increase.Last week, the dollar ended the week higher against the yen as market sentiment was boosted by easing tensions over Ukraine, while upbeat U.S. economic reports also supported the dollar.Concerns over the crisis in eastern Ukraine however continued over the Easter weekend as the U.S. and the European Union pushed plans to “de-escalate” the crisis.The dollar also received a boost after upbeat U.S. data on manufacturing and employment on Thursday pointed to underlying strength in the economy.The Labor Department rep.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6825- TG: 1.6845/ 1.6875 SL 1.6785
2. Sell GBP/USD Below 1.6770- TG: 1.6750/ 1.6720 SL 1.6805

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22Apr
financial

Sgx Singapore Stock Market Trading Picks And News – 22th April 2014

MARKET UPDATES

  • STANDARD Chartered Bank has renewed its sponsorship of Singapore’s most prestigious marathon event to the tune of S$10.5 million over the next three years. The bank said on Monday that it would continue to sponsor the Standard Chartered Marathon Singapore until 2016, in partnership with event owner Sport Singapore.
  • SINGAPORE’S Land Transport Authority (LTA) said on Monday that it has awarded civil as well as electrical and mechanical contracts for the Thomson and Eastern Region Lines worth almost S$1.15 billion.
  • DBS Bank said on Monday that it has appointed Neal Cross as Managing Director and Chief Innovation Officer, Technology and Operations to help spur its innovation agenda regionally.Mr Cross joins DBS from MasterCard, where he was responsible for driving innovation as VicePresident of MasterCard Labs in the company’s Asia/Pacific, Middle East and Africa regions.Based in Singapore, he was also charged with creating and managing innovation programs spanning ideation to commercialisation of new innovative payment solutions. DBS said Mr Cross will drive its innovation agenda across its key axes of growth, namely, Greater China, Southeast Asia and South Asia

STOCK RECOMMENDATION

  • BUY CITY DEVELOPMENT LTD ABOVE 10.550 TG 10.650,10.750, 10.870 SL 10.420

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