Daily Archives: May 8, 2014

8May

Comex Commodity Trading Signals and Market News – 08th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices posted a modest rebound in early Asia on Thursday with events in the Ukraine off the boil for now, but still closely watched. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,290.30 a troy ounce, up 0.11%, after hitting an overnight session low of $1,286.80 and off a high of $1,314.70.

Silver comex for July delivery was down 0.09% at $19.325 a troy ounce. Copper futures for July delivery were down 0.01% at $3.036 a pound.

Crude oil prices rose in Asia Thursday underpinned by a drop in U.S. stocks and ahead of China trade data expected to show weaker imports. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.83 a barrel, up 0.05%, after hitting an overnight session low of $99.62 a barrel and a high of $100.98 a barrel.

Brent crude on the ICE futures exchange rose $1.07, or 1%, to $108.13 a barrel on Wednesday.

Natural gas prices fell on Wednesday after investors locked in gains from a weather-fueled rally and sold the commodity for profits a day ahead of the U.S. weekly inventory report. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.746 per million British thermal units during U.S. trading, down 1.11%. The commodity hit session high of $4.825 and a low of $4.728. The June contract settled up 2.37% on Tuesday to end at $4.799 per million British thermal units.

Base metals prices were drifting sideways and lower in the LME premarket on Wednesday, with all bar nick rangebound in quiet conditions – just 5,700 lots of copper have changed hands on Select so far. The copper price slipped $38 from Tuesday’s close to $6,679 per tonne although stocks fell for the 11th consecutive day, down a net 8,475 tonnes at 216,950 tonnes. The nickel price continues to hold firm, peaking at $18,700 on supply concerns reflecting the Indonesian export ban. It was at $18,610, up $110. The aluminium price at $1,777 was down $7 although stocks declined 13,525 tonnes to 5,331,600 tonnes. Tin at $23,060 was $120 lower after inventories increased 170 tonnes to 9,705 tonnes.Lead was down $5 at $2,105 following a 225-tonne stock fall and Zinc slipped $4 to $2,049 – inventories fell 2,500 tonnes to 763,750 tonnes.

TRADING STRATEGY:

PLATINUM-COMEX has closed @ 1430.75. If it breaks the level of 1432, it can touch the level of 1425 & 1414 respectively. If it sustain above the level of 1443, it can touch the level of 1450, 1461 respectively.

1.SELL PLATINUM-COMEX BELOW 1432 TGTS 1425, 1414 SL 1448.
2.BUY PLATINUM-COMEX ABOVE 1443 TGTS 1450, 1461 SL 1427.

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

8May
forex-trading3

IForex Market Trading Signals and News of 08th May 2014

TRADING TIPS

USD/CAD

USD/CAD edged up to 1.0902 from 1.0890 ahead of the data. The pair was likely to find support at 1.0857 and resistance at 1.0950.The Canadian dollar dipped after Statistics Canada reported that the number of new building permits issued in March tumbled 3%, confounding expectations for a gain of 4.3%.February’s figure was revised to a drop of 11.3% from a previously reported decline of 11.6%.The greenback remained under pressure ahead of testimony to Congress by U.S. central bank head Janet Yellen later Wednesday. Ms. Yellen was widely expected to reiterate interest rates will remain on hold for longer, in spite of last month’s stronger-than-forecast U.S. nonfarm payrolls report.

GBP/USD

GBP/USD was trading at 1.6970, not far from the peaks of 1.6993 reached on Tuesday, the highest level since August 2009.Cable was likely to find support at 1.6925 and resistance at 1.7000.A recent string of upbeat reports about the U.K. economy has raised expectations the BoE could raise borrowing costs ahead of other central banks.The pound strengthened across the board on Tuesday after a forecast beating U.K. services purchasing managers’ index bolstered the outlook for the wider recovery.The U.K. services PMI rose to 58.7 last month from 57.6 in March, far above the 50 level separating growth from contraction and beating forecasts of an unchanged reading..

RECOMMENDATION :-

1. Buy GBP/USD Above 1.7005- TG: 1.7025/ 1.7055 SL 1.6975
2. Sell GBP/USD Below 1.6950- TG: 1.6930/ 1.6900 SL 1.6980

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

8May
sgx-asx-tse

Financial Sgx Singapore Stock Market Trading Picks And News – 08th May 2014

MARKET UPDATES

UOL Group posted a 69 per cent year-on-year improvement in group net profit to S$120.8 mn for the first quarter ended March 31, 2014. This was due mainly to the sale of land at Jalan Conlay, Kuala Lumpur, which netted a one-off attributable gain of S$44.3 mn. Group revenue rose 65% to S$408.8 mn, of which the KL land sale accounted for S$218.5 mn.

•CERTIFICATE of entitlement (COE) premiums for cars in Singapore fell in the latest bidding round, which closed on Wednesday.

•The COE for small cars dropped from S$71,335 to S$60,002 while the premium for big cars declined from S$75,010 to S$70,002.

•Meanwhile, in the open category, the COE premium registered S$65,501, down from S$73,810 in the last round of bidding in April.

•For motorcycles, the COE premium slipped to S$4,001, down from S$4,502, while the COE price for goods vehicles and buses.

•JTC Corporation on Wednesday said that first-quarter gross allocation of prepared industrial land (PIL) in Singapore fell to 48 ha, from 118.1 ha in the fourth quarter last year. Returns for PIL also fell to 36.1 ha in the first quarter, resulting in a positive net allocation for PIL at 11.9 hectares (ha).

STOCK RECOMMENDATION:

•BUY WILMAR INTERNATIONAL ABOVE 3.300 TG 3.350, 3.400, 3.460 SL 3.230

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

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.