Daily Archives: April 30, 2014

30Apr

Comex Commodity Trading Signals and Market News – 30th April 2014

Gold prices were flat in Asia on Wednesday as investors held steady ahead of the May 1 holidays in much of the region with major buyer China on the sidelines on Thursday and Friday. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,296.20a troy ounce, down 0.01%, after hitting an overnight session low of $1,286.60 and off a high of $1,301.40. Overnight, gold prices inched lower as investors shrugged off lackluster U.S. data and remained camped out in safe-haven dollar positions ahead of the Federal Reserve’s Wednesday statement on monetary policy.

Silver comex for July delivery fell 0.22% at US$19.495 a troy ounce, while copper futures for July delivery rose 0.07% to US$3.077 a pound.

Crude oil futures fell in Asia on Wednesday after bearish industry data on U.S. supplies and prospects for increased exports from Libya. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.63 a barrel, down 0.65%, after hitting an overnight session low of $100.82 a barrel and a high of $102.20 a barrel.

Brent crude on the ICE futures exchange rose 86 cents, or 0.8%, to $108.98 a barrel.

TRADING STRATEGY

SILVER-COMEX has closed @ 19.44. If it breaks the level of 19.35, it can touch the level of 19.21 & 19.02 respectively. If it sustain above the level of 19.74, it can touch the level of 19.88 & 20.07 respectively.
SELL SILVER-COMEX BELOW 19.35 TGTS 19.21, 19.02 SL 19.56.
BUY SILVER-COMEX ABOVE 19.74 TGTS 19.88, 20.07 SL 19.53

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30Apr
forex-trading3

Forex Market Trading Signals and News of 30th April 2014

TRADING TIPS

Forex -Dollar higher vs. euro, sterling close to multi-year highs

Forex – USD/JPY gains on upbeat U.S. housing data, BoJ expectations

Forex – EUR/USD trims gains as dollar firms on U.S. housing data

USD/JPY

USD/JPY was up 0.29% and trading at 102.49, up from a session low of 102.05 and off a high of 102.62.The pair was expected to test support at 101.96, Friday’s low, and resistance at 102.73, Tuesday’s high.The dollar firmed after the National Association of Realtors reported that pending home sales jumped 3.4% in March, far surpassing expectations for a 1% gain.Pending home sales for February were revised to a 0.5% drop from a previously reported decline of 0.8%.On a year-over-year basis, pending home sales were still down 7.9% in March, though the data firmed the dollar by reminding investors that the Federal Reserve will continue tapering monthly bond purchases as the year unfolds.Fed bond purchases, currently set at $55 billion a month, weaken the dollar by suppressing long-term borrowing costs, and talk of their dismantling can strengthen the greenback.The Bank of Japan will hold a policy meeting on Wednesday, and the monetary authority is widely seen keeping its stimulus programs in place, which softened the yen.

EUR/USD

EUR/USD touched lows of 1.3812 and was last down 0.22% to 1.3818.The euro weakened across the board after Germany’s Federal Statistics Bureau reported that consumer prices fell 0.2% this month, and increased 1.3% on a year-over-year basis. Market expectations had been for a monthly decline of 0.1% and an annual increase of 1.4%.The data came as investors were looking ahead to preliminary data on euro zone inflation, due for release on Wednesday.The euro rose to almost two-week highs against the dollar earlier amid expectations that Wednesday’s report would show an uptick in consumer prices, after the annual rate of inflation in the region slowed to a record low 0.5% in March. The ECB targets an inflation rate of close to but just under 2%.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6860- TG: 1.6880/ 1.6910 SL 1.6830

2. Sell GBP/USD Below 1.6810- TG: 1.6790/ 1.6760 SL 1.6840

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30Apr
SGX Singapore

Financial Sgx Singapore Stock Market Trading Picks And News – 30th April 2014

MARKET UPDATES

  • THE Singapore government has released two sites at Tuas and one at Woodlands for sale in a tender under the first half of its Industrial Government Land Sales (IGLS) programme. The 3.9-ha site at Woodlands Ave 12 released by URA is zoned for Business-1 development and has a maximum permissible gross plot ratio of 2.5 with 30-year tenure.
  • COCA-COLA’S affiliate, DP Beverages, has partnered Singapore’s Agency for Science, Technology and Research to expand its technology presence in the city- state and develop new innovations that will “add value to consumers and support a sustainable world”. Coca- Cola will be able to tap on advanced technology and research expertise to optimize its production processes.
  • A 99-year private housing site in Sims Drive has attracted four bids at a state tender that closed on Tuesday.The top bid, from Guocoland unit First Changi Development, was S$530.891 milion. This translates to S$687.88 per square foot per plot ratio (psf ppr). The second highest bid, translating to S$650.45 psf ppr, was made by a City Developments, Hong Leong Holdings and TID joint venture.

STOCK RECOMMENDATION

  • BUY HONGKONG LAND ABOVE 6.980 TG 7.060, 7.140, 7.220 SL 6.900

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