Monthly Archives: May 2014

30May

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

INTERNATIONAL COMMODITY NEWS

Gold prices gained in Asia on Friday in a rebound following overnight declines on disappointing U.S. GDP data. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,258.50 a troy ounce, up 0.11%, after hitting an overnight session low of $1,251.60 and off a high of $1,260.60.

Silver comex for July delivery rose 0.18% at $19.048 a troy ounce. Copper futures for July delivery gained 0.07% at $3.148 a pound.

Crude oil prices fell in Asia on Friday on profit taking and few demand cues following disappointing U.S. GDP data. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in July traded at $103.42 a barrel, down 0.16%, after hitting an overnight session low of $102.62 a barrel and a high of $103.93 a barrel.

• Brent crude on the ICE futures exchange rose 0.2% to $109.97 a barrel.

Natural gas futures fell on Thursday after official data revealed U.S. stockpiles rose more than markets were expecting last week. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.592 per million British thermal units during U.S. trading, down 0.50%. The commodity hit a session high of $4.653 and a low of $4.530. The July contract settled up 2.31% on Wednesday to end at $4.615 per million British thermal units.

Base metals were mostly pressured lower on Friday’s Asian trade, following through the round of selling from Thursday due to some lacklustre data out of the US and the Chinese PMI set to be released over the weekend. Copper is back below $6,900, and today’s prices are about $21 lower at $6,863 per tonne. The backwardation in the cash/threes spread was $89. Aluminium closed at $1,845 and has since come down $6 to $1,839 per tonne. Stocks were down 9,150 tonnes at 5,199,175 tonnes. Nickel continues to hover near $19,000, trading on both sides of the key figure this morning although it currently stands at $18,995. Stocks climbed 3,138 tonnes to 283,662 tonnes, centred on Rotterdam. Lead was last at $2,120, down $2, and Zinc slipped $9 to $2,059 although stocks continued to fall, dropping 1,075 tonnes to 719,600 tonnes, their lowest since March 4, 2011. Tin traded lower with the rest, losing $89 overnight to the current $23,386 per tonne.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1505. If it breaks the level of 3.1402, it can touch the level of 3.1302 & 3.1170 respectively. If it sustain above the level of 3.1657, it can touch the level of 3.1757, 3.1880 respectively.

  • SELL COPPER-COMEX BELOW 3.1402 TGTS 3.1302, 3.1170 SL 3.1512.
  • BUY COPPER-COMEX ABOVE 3.1657 TGTS 3.1757, 3.1880 SL 3.1547.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

30May

IForex Market Trading Signals and News of 30th May 2014

TRADING TIPS :

➔Forex – USD/CAD hits session lows after Canadian, U.S. data
➔Forex – Dollar at 1-week lows against yen ahead of U.S. data
➔Forex -Dollar index off lows after mixed U.S. data

USD/JPY
➔USD/JPY touched lows of 101.47, the weakest since May 22 and was last down 0.27% to 101.57.The pair was likely to find support at 101.34 and resistance at 102.02, Wednesday’s high.The yield on U.S. 10-year Treasury notes fell to 2.42% on Thursday, the lowest since July 2013, amid ongoing uncertainty over the outlook for the global economic recovery.The dollar -yen pair is very sensitive to fluctuations in U.S. treasury yields.Revised data on U.S. gross domestic product scheduled for release later Thursday was expected to show that the economy contracted 0.5% in the first three months of the year, after the preliminary estimate showed growth of just 0.1%.

USD/CAD
➔USD/CAD touched lows of 1.0851 and was last down 0.15% to 1.0858.The pair was likely to find support at 1.0815 and resistance at 1.0900.Statistics Canada said the country’s current account deficit narrowed to C$12.4 billion in the first quarter from a deficit of C$15.6 billion in the preceding three months. Analysts had expected Canada’s current account deficit to narrow to C$13.0 billion.In the U.S., updated data showed that the economy slowed sharply in the first three months of the year, while a separate report showed a larger than expected decline in initial jobless claims.The Commerce Department reported that U.S. gross domestic product contracted 1.0% in the first quarter, after the preliminary estimate showed growth of 0.1%. Market expectations had been for a 0.5% contraction.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6770- TG: 1.6790/ 1.6820 SL 1.6740
2. Sell GBP/USD Below 1.6690- TG: 1.6670/ 1.6640 SL 1.6720

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

30May
sgx-asx-tse

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

MARKET UPDATES :

  • ABOUT 50 companies listed on Singapore Exchange (SGX) with a total market value of S$46.2 billion have reported business activity specific to Thailand in their most recent annual financial statements, a market update by SGX showed on Thursday. This represents about 7 per cent of all listed securities on SGX as at April.
  • BANYAN Tree Holdings said on late Wednesday that it has issued and successfully placed out S$125 million 4.875 per cent fixed rate notes.It plans to used the proceeds to finance the general working capital, capital expenditure and investment requirements and refinancing needs of the company and its subsidiaries
  • RH Petrogas shares continued uptrend on Thursday, underpinned by hopes of a possible takeover even after the company had said no binding offer has been made. Its shares opened at S$0.905 and quickly climbed to S$0.925, up 3 cents, or 3.3 per cent by 10:20 a.m.

STOCK RECOMMENDATION :

  • BUY NOBLE GROUP ABOVE 1.400 TG 1.440, 1.480, 1.540 SL 1.340

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

29May

Comex Commodity Trading Signals and Market News – 29th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices edged lower in Asia on Thursday with the market looking for cues on demand prospects. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,259.00 a troy ounce, down 0.06%, after hitting an overnight session low of $1,256.20 and off a high of $1,267.40.

Silver comex for July delivery was udown 0.07% at $19.045 a troy ounce. Copper futures for July delivery were up 0.09% at $3.172 a pound.

Crude oil prices rose in Asia Thursday following industry data that showed stronger gasoline demand than expected from an upcoming government report. The American Petroleum Institute said late Wednesday that its latest weekly data showed a 3.5-million-barrel gain in crude-oil supplies, according to industry sources. The group also said that gasoline supplies fell by 1.4 million barrels and distillate stocks rose by 821,000 barrels, according to the sources. On the New York Mercantile Exchange,West Texas Intermediate Crude Oil for delivery in July traded at $103.01 a barrel, up 0.28%, after hitting an overnight session low of $103.39 a barrel and a high of $104.40 a barrel.

• Brent crude on the ICE futures exchange fell 0.2% to $109.81 a barrel.

Natural gas futures carried Tuesday’s gains into Wednesday on forecasts for hot, summertime temperatures to arrive in the U.S.next week, which should prompt homes and businesses to crank up their air conditioning. On the New York Mercantile Exchange,natural gas futures for delivery in July traded at $4.587 per million British thermal units during U.S. trading, up 1.68%. The commodity hit a session high of $4.599 and a low of $4.489. The July contract settled up 1.41% on Tuesday to end at $4.405 per million British thermal units.

Base metals were mostly lower on Thursday’s Asian trade, weighed by a stronger dollar and a holding back of risk sentiments by investors. In the metals, copper rose as high as $6,970 per tonne before concluding Wednesday at $6,945. Today’s trade saw the red metal moving lower; last bid is seen at $6,913, a loss of $32 overnight. Aluminium is the only one in the complex to hold steady, hovering just $1 above where it ended on Wednesday. Last trade is indicated at $1,841 per tonne and the metal is trading within a tight $4 band. Nickel fell below $19,000 to hit a low of $18,830, although current price is at $18,960, some $360 lower than yesterday’s kerb close. Lead fell $15 to $2,120, zinc lost $9 at $2,065 and tin at $23,325 is $25 lower.

TRADING STRATEGY :

CRUDEOIL-NYMEX has closed @ 103.05. If it breaks the level of 102.88, it can touch the level of 102.43 & 101.67 respectively. If it sustain above the level of 103.89, it can touch the level of 104.34, 105.10 respectively.

  • SELL CRUDEOIL-NYMEX BELOW 102.88 TGTS 102.43, 101.67 SL 103.43.
  • BUY CRUDEOIL-NYMEX ABOVE 103.89 TGTS 104.34, 105.10 SL 103.34.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

29May
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 29th May 2014

MARKET UPDATES :

  • OUB Centre Limited on Wednesday announced that One Raffles Place shopping mall will be re-opening following a major refurbishment. Comprising a net lettable area of about 98,500 sq ft spread over six levels, the mall located just above Raffles Place MRT station has a committed occupancy of over 90 per cent.
  • TIONG Seng Holdings said on Wednesday that the joint venture between its subsidiary, Tiong Seng Contractors (Pte) Ltd, and Dongah Geological Engineering Co.Ltd (Singapore Branch), has been awarded a S$316 million contract.
  • YOMA Strategic Holdings on Wednesday said its 80 per cent-owned subsidiary YSH Finance had on Tuesday increased its stake in Myanmar’s Digicel Asian Holdings from 8 per cent to 25 per cent, thereby making the latter an associated company of Yoma. YSH Finance had subscribed for an additional 420,000 new shares – representing 17 per cent interest – in Digicel Asian Holdings for US$427,333

 

STOCK RECOMMENDATION :

  • BUY NOBLE GROUP ABOVE 1.400 TG 1.440, 1.480, 1.540 SL 1.340

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

29May
forex-market-hours

IForex Market Trading Signals and News of 29th May 2014

TRADING TIPS

➔Forex – USD/CAD steady near 2-week lows
➔Forex – Euro drops to fresh 3-month lows against dollar
➔Forex – Pound extends losses against dollar

EUR/USD
➔EUR/USD hit lows of 1.3605, the weakest since February 13 and was last down 0.21% to 1.3607.The pair was likely to find support at 1.3575 and resistance at 1.3636, the session high.The euro has weakened broadly against the other major currencies, falling more than 2% against the dollar since the ECB indicated at its May 8 meeting that it is comfortable with easing monetary policy in June to help shore up the fragile recovery in the region.On Tuesday, ECB President Mario Draghi said the bank was aware of the risks of persistently low inflation and was prepared to take steps to get euro zone inflation back to its target, the latest indication that the bank could ease monetary policy as soon as next week.The annual rate of euro zone inflation was 0.7% in April, well below the ECB’s target of close to but just below 2%.

USD/CAD
➔USD/CAD was almost unchanged at 1.0857, not far from Tuesday’s two-week lows of 1.0835.The pair was likely to find support at 1.0815, the low of May 9 and resistance at 1.0900.Market sentiment continued to be underpinned after data on Tuesday showed that U.S. durable goods orders rose unexpectedly in April and another report showed that U.S. consumer confidence improved in line with forecasts this month.The Commerce Department said orders for long lasting manufactured goods rose 0.8%, compared to expectations of a 0.7% decline.Separately, the Conference Board reported that its consumer conference index rose to 83 in May, up from a revised 81.7 in April, in line with economists’ expectations.Risk appetite was also boosted by mounting expectations that the European Central Bank will implement new easing measures at its upcoming policy meeting next week, in order to shore up the fragile recovery in the euro zone.

RECOMMENDATION:-

1. Buy GBP/USD Above 1.6770- TG: 1.6790/ 1.6820 SL 1.6740
2. Sell GBP/USD Below 1.6690- TG: 1.6670/ 1.6640 SL 1.6720

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

28May

Comex Commodity Trading Signals and Market News – 28th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices eased in Asia Wednesday with the focus on demand prospects in India and China as the world’s top two importers of the yellow metal. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,262.20 a troy ounce, down 0.28%, after hitting an overnight session low of $1,264.60 and off a high of $1,293.50.

Silver comex for July delivery was down 0.05% at $19.057 a troy ounce. Copper futures for July delivery were up 0.04% at $3.173 a pound.

Crude oil prices edged higher in Asia on Wednesday the focus on demand prospects in the U.S. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in July traded at $104.19 a barrel, up 0.07%, after hitting an overnight session low of $103.58 a barrel and a high of $104.50 a barrel.

Base metals consolidated from session highs during late LME trading on Tuesday although the complex looked set to consolidation within recent ranges as macro data supports a firmer economic environment. copper peaked at $6,966 before closing at $6,934 on Tuesday. Prices are now around $6,924.50, down almost $10 but tightness continued to flare in spreads- the cash/threes backwardation remained intense but has come down from $94 yesterday to the current $83.50. Aluminium concluded at $1,828.50 and is currently down slightly to $1,824.50 per tonne. Stocks fell 8,650 tonnes to 5,221,950 tonnes and cancelled warrants increased 3,300 tonnes to 2,861,475 tonnes. Nickel was last $72 higher at $19,622. Stocks declined 96 tonnes to 280,308 tonnes, while tightness was evident in the nearby forward curve. It traded higher during the London hours yesterday to hit $19,761 as news that protests at Vale’s Goro nickel plant continue to prevent the plant from operating. Lead at $2,140 is down $2 and Zinc lost $4.50 to the current $2,083 per tonne. Tin gained $18 at $23,369 – there was no change in stocks. The cash/threes backwardation has come down to around $15 – at the start of last week it was above $100.

• The global Brent oil contract fell 30 cents, or 0.3%, to $110.02 a barrel on the ICE Futures Europe exchange.

• Forecasts for hot,summertime temperatures to arrive in the U.S. next week sent natural gas prices rising on Tuesday onexpectations for homes to crank up their air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.482 per million British thermal units during U.S. trading, up 1.75%. The commodity hit session high of $4.492 and a low of $4.366. The June contract settled up 1.10% on Friday to end at $4.405 per million British thermal units. Markets in the U.S. were closed on Monday due to the Memorial Day holiday.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1461.75. If it breaks the level of 1458, it can touch the level of 1450 & 1440 respectively. If it sustain above the level of 1478, it can touch the level of 1486, 1496 respectively.

  • SELL PLATINUM-COMEX BELOW 1458 TGTS 1450, 1440 SL 1469.
  • BUY PLATINUM-COMEX ABOVE 1478 TGTS 1486, 1496 SL 1467.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

28May
Forex Signals

IForex Market Trading Signals and News of 28th May 2014

TRADING TIPS

➔Forex – Dollar steady to lower vs. rivals ahead of U.S. data
➔Forex – GBP/USD pares gains after downbeat U.K. data
➔Forex – EUR/USD steady, Draghi comments still weigh

EUR/USD
➔EUR/USD hit 1.3643 during late Asian trade, the pair’s highest since May 22; the pair subsequently consolidated at 1.3654, inching   up 0.06%.The pair was likely to find support at 1.3585, the low of February 13 and resistance at 1.3723, the high of May 21.On Monday, ECB President Draghi said the bank saw a risk of a deflationary cycle taking hold in the euro zone.Draghi said the ECB is ready to act should it see signs of a negative inflation spiral taking hold, and indicated that the bank is weighing a wide range of policy options, including interest rate cuts, and liquidity injections or broad-based asset purchases to help shore up the fragile recovery in the euro area.

GBP/USD
➔GBP/USD pulled away from 1.6882, the pair’s highest since May 22, to hit 1.6853 during European still up 0.06%.Cable was likely to find support at 1.6802, the low of May 20 and resistance at 1.6917, the high of May 22.Industry data earlier showed that U.K. mortgage approvals rose by 42,200 last month, compared to expectations for a 45,200 increase. Mortgage approvals in March were revised down to a 45,000 rise from a previously estimated 45,900 increase.Demand for sterling continued to be underpinned after Bank of England Deputy Governor Charles Bean said Saturday that U.K. interest rates could start rising before next spring.

RECOMMENDATION:-

1. Buy GBP/USD Above 1.6860- TG: 1.6880/ 1.6910 SL 1.6828
2. Sell GBP/USD Below 1.6800- TG: 1.6780/ 1.6750 SL 1.6830

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

27May

Comex Commodity Trading Signals and Market News – 27th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices gained slightly in Asia on Tuesday in thin trade with U.S. markets on holiday overnight. On the Comex division of the New York Mercantile Exchange, gold for August delivery traded at $1,292.4 a troy ounce, up 0.04%. Gold prices edged higher on Monday in electronic trading, as trade volumes were light with U.K. markets closed for a public holiday and markets in the U.S. remaining shut for the Memorial Day holiday.

Silver comex for July delivery on the Comex eased rose 0.01% at $19.420 a troy ounce. Copper for July delivery eased 0.17% to $3.183 a pound.

Crude oil prices dipped in Asia on Tuesday with a holiday in the U.S. thinning volumes and delaying key data on U.S. stocks. Industry data on U.S. Crude oil stocks as well as government data will both be delayed by a day because of the holiday. Data from the American Petroleum Institute will be reported on Wednesday and from the U.S. Department of Energy on Thursday. On the New York Mercantile Exchange, U.S. crude oil oil for delivery in July traded at $104.27 a barrel, down 0.08%.

Brent oil july on London’s ICE Futures exchange fell $0.67 to $109.87 a barrel.

Natural gas futures edged lower on Monday, as trade volumes were light with markets in the U.S. remaining shut for the Memorial Day holiday and as market players assessed the outlook for U.S. supply levels. On the New York Mercantile Exchange, natural gas for delivery in July declined 0.24%, or 1.1 cents to trade at $4.395 per million British thermal units during U.S. morning hours. Prices held in a range between $4.390 and $4.405 per million British thermal units.

• The LME metals are back to trading after a UK holiday yesterday. Starting the Asian trade today we see copper leading the metals, with the rest of the complex trading flat to modestly lower within a small range. copper climbed from Friday’s close at $6,928 to $6,933 per tonne, although earlier it peaked at $6,966. Stocks fell for the 23rd consecutive day, down a net 1,500 tonnes at 1,758,500 tonnes, while cancelled warrants dropped 18,250 tonnes to 83,200 tonnes.Aluminium is flattish at $1,812, having moved just $2 lower from Friday’s kerb. Nickel ended at $19,558 is $12 lower after stocks climbed 732 tonnes to 280,404 tonnes. Tin closed at $23,300 on Friday but fell today as well to $23,251 per tonne. Lead is lower at $2,142 and Zinc is $4 lower as well at $2,080 per tonne.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.389. If it breaks the level of 4.369, it can touch the level of 4.324 & 4.276 respectively. If it sustain above the level of 4.471, it can touch the level of 4.516, 4.566 respectively.

  • SELL NATURALGAS-NYMEX BELOW 4.369 TGTS 4.324, 4.276 SL 4.420.
  • BUY NATURALGAS-NYMEX ABOVE 4.471 TGTS 4.516, 4.566 SL 4.420.

Fore more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

27May

IForex Market Trading Signals and News of 27th May 2014

TRADING TIPS

➔Forex – Euro steady after Draghi comments
➔Forex – AUD/USD edges higher but gains capped
➔Forex – Dollar steady to lower vs. rivals in thin trade

EUR/USD
➔EUR/USD hit lows of 1.3615, the weakest since February 13 and was last at 1.3641.The pair is likely to find support at 1.3575 and   resistance at 1.3658, Friday’s high.Draghi said the ECB is ready to act should it see signs of a negative inflation spiral taking hold, and indicated that the bank is weighing a wide range of policy options, including interest rate cuts, and liquidity injections or broad-based asset purchases to help shore up the fragile recovery in the euro area.”What we need to be particularly watchful for at the moment is the potential for a negative spiral to take hold between low inflation, falling inflation expectations and credit, in particular in stressed countries,”Draghi said.”There is a risk thatdisinflationary expectations take hold,” prompting consumers and businesses to delay spending. “We are not resigned to allowing inflation to remain too low for too long,” he added.The comments were made at the new ECB annual conference in Sintra, Portugal.

AUD/USD
➔AUD/USD hit 0.9245 during late Asian trade, the session high; the pair subsequently consolidated at 0.9241, adding 0.11%.The pair was likely to find support at 0.9275, the low of May 1 and resistance at 0.9290, the high of May 5.The greenback found support after data on new home sales on Friday added to signs of a recovery in the housing market.
The Commerce Department reported that sales of new homes rose by a larger-than-expected 6.4% to 433,000 in April, after two months of decline. Analysts had been expecting a figure of 425,000. March’s number was revised up from 384,000 to 407,000.

RECOMMENDATION:-

1. Buy GBP/USD Above 1.6860- TG: 1.6880/ 1.6910 SL 1.6828
2. Sell GBP/USD Below 1.6800- TG: 1.6780/ 1.6750 SL 1.6830

Fore more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

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