Daily Archives: May 13, 2014

13May

Comex Commodity Trading Signals and Market News – 13th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices gained in Asia on Tuesday, supported by events in the Ukraine in thin trade with markets in Singapore, Vietnam, Thailand, Cambodia, Laos, Malaysia, Myanmar and Indonesia shut for Vesak Day. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,297.80 a troy ounce, up 0.15%, after hitting an overnight session low of $1,278.30 and off a high of $1,303.90.

Silver comex for July delivery rose 0.23% at $19.587 a troy ounce. Copper futures for July delivery gained 0.25% at $3.152 a pound.

Crude oil priced dipped in Asia on Tuesday ahead of U.S. industry crude oil stocks data and with markets in Singapore, Vietnam, Thailand, Cambodia, Laos, Malaysia, Myanmar and Indonesia shut for Vesak Day. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.54 a barrel, down 0.05%, after hitting an overnight session low of $99.94 a barrel and a high of $100.93 a barrel.

Brent oil on the ICE futures exchange rose 52 cents, or 0.5%, to $108.41 a barrel, its highest settlement price since May 2.

Natural gas prices fell on Monday after updated weather-forecasting models called for mild temperatures to settle in across much of the U.S. over the coming week, which should crimp demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.451 per million British thermal units during U.S. trading, down 1.78%. The commodity hit session high of $4.547 and a low of $4.451. The June contract settled down 0.90% on Friday to end at $4.531 per million British thermal units.

• The base metals closed with average gains of 0.5 percent on Friday, although that was skewed by the 3.9 percent rally in the nickel price, the rest were mixed, with aluminium, lead, zinc and tin lower, whilst the copper price gained 0.6 percent to $6,754.25. The copper price gained $30 from Friday’s close to $6,775 and inventories are at their lowest since October 2008 – stocks fell a net 4,700 tonnes to just 208,325 tonnes due to drawdowns in Antwerp, Johor and New Orleans. Cancelled warrants were also lower, down 4,775 tonnes at 94,050 tonnes. Aluminium at $1,766 was $4 higher, with stocks earlier down 8,600 tonnes at 5,313,300 tonnes and cancellations down 2,925 tonnes at 2,904,850 tonnes. The lead price was last $2,090, up $5 while the zinc price gained $3 higher at $2,035.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1460. If it sustain above the level of 3.1430, it can touch the level of 3.1550 & 3.1700 respectively. If it breaks the level of 3.1032, it can touch the level of 3.0912, 3.0760 respectively.

•BUY COPPER-COMEX ABOVE 3.1430 TGTS 3.1550, 3.1700 SL 3.1300.
•SELL COPPER-COMEX BELOW 3.1032 TGTS 3.0912, 3.0760 SL 3.1160.

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13May

IForex Market Trading Signals and News of 13th May 2014

TRADING TIPS

EUR/USD

EUR/USD was last trading at 1.3766, but was still close to the one-month trough of 1.3744 reached late Friday.The pair was likely to find support at 1.3695 and resistance at 1.3800.The euro fell from two-and-a-half year highs against the dollar on Thursday after ECB President Mario Draghi said the banks is “comfortable” with acting to shore up growth and stop inflation from falling too low at its next meeting in June.The ECB left rates on hold on Thursday, as widely expected.Meanwhile, investors remained cautious after pro-Russian separatists claimed victory in a weekend referendum on self-rule in eastern Ukraine, fuelling fears that the country is sliding closer to civil war. The vote has been condemned by Ukraine’s government and the West.The euro was also higher against the yen, with EUR/JPY risin.

NZD/USD

NZD/USD hit 0.8633 during late Asian trade, the session high; the pair subsequently consolidated at 0.8628, adding 0.19%.The pair was likely to find support at 0.8549, the low of April 30 and resistance at 0.8709, the high of May 7.Markets were jittery after pro-Russian separatists claimed victory in a weekend referendum on self-rule in eastern Ukraine, fuelling fears that the country is sliding closer to civil war. The vote has been condemned by Ukraine’s government and the West.The kiwi was higher against the Australian dollar, with AUD/NZD slipping 0.16% to 1.0852.Also Monday, the National Australia Bank said that its business confidence index rose to 6 in April, from a reading of 4 the previous month.Later in the d.

RECOMMENDATION:

1. Buy GBP/USD Above 1.6905- TG: 1.6925/ 1.6955 SL 1.6875
2. Sell GBP/USD Below 1.6860- TG: 1.6840/ 1.6810 SL 1.6890

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13May
sgx2

Financial Sgx Singapore Stock Market Trading Picks And News – 13th May 2014

MARKET UPDATES

  • Singapore airport services and catering firm SATS Ltd said on Monday it had abandoned plans to acquire a cruise and ferry terminal operator from a unit of Singapore state investor Temasek Holdings for S$110 million (US$88 million). In September, SATS said it would buy the Singapore Cruise Centre from Hazeltree Holdings Private Ltd, an indirect wholly-owned subsidiary of Temasek. “The purchasers and the vendor have agreed not to proceed with the acquisition and to terminate the SPA.
  • SINGAPORE sovereign investment company Temasek Holdings is taking a significant minority equity stake in Dymon Asia, the alternative investment manager said. Temasek will commit an initial US$500 million to be managed by Dymon and will be used to seed new invsetment strategies.
  • RESALE prices of non-landed private homes slipped 1.7 per cent in April, touching a 16-month low since December 2012. This was in spite of the increase in volumes of resale transactions, which at 476 was 24.6 per cent higher than March’s, flash estimates by the Singapore Real Estate Exchange (SRX) show.

STOCK RECOMMENDATION:

  • BUY HONGKONG LAND ABOVE 6.950 TG 7.030, 7.810, 7.910 SL 6.850

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