Daily Archives: May 23, 2014

23May

Gold silver Comex Commodity Trading Signals and Market News – 23 May 2014

INTERNATIONAL COMMODITY NEWS

  • Gold eased in Asia on Friday with demand prospects from China and India in focus. A pickup in Chinese manufacturing in May though still below expansion territory – and a new government in India may bode well for demand from the world’s top two gold importers. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,294.30, down 0.05%, after hitting an overnight session low of $1,290.20 and off a high of $1,303.90.
  • Silver comex for July delivery was down 0.06% at $19.508 a troy ounce. Copper futures for July delivery were flat at at $3.139 a pound.
  • Crude oil prices eased slightly in Asia Friday with the market looking ahead on demand prospects in countries such as China adn India. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $103.67 a barrel, down 0.07%, after hitting an overnight session low of $103.68 a barrel and a high of $104.20 a barrel.
  • Brent crude on the ICE futures exchange fell 19 cents, or 0.2%, to $110.36 a barrel Thursday.
  • Natural gas prices fell on Thursday after a weekly U.S. supply report revealed that inventories rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.390 per million British thermal units during U.S. trading, down 1.87%. The commodity hit session high of $4.503 and a low of $4.372. The June contract settled down 1.74% on Wednesday to end at $4.473 per million British thermal units.
  • Base metals made gains on Thursday afternoon, with data from the US, China and Europe providing some lift to the complex into the LME close. Copper ended at $6,875 per tonne, up $44 on Thursday’s close, with stocks falling for the 22nd consecutive day, down 1,750 tonnes at 177,350 tonnes. Cancelled warrants rose 1,925 tonnes to 64,950 tonnes. Aluminium at $1,796 was up $29 at the close after a 9,475-tonne stock fall to 5,222,700 tonnes, while cancelled warrants climbed 12,150 tonnes to 2,866,575 tonnes. Nickel closed $275 higher at $19,775 and stocks declined 348 tonnes to 279,672 tonnes. Cancelled warrants however, jumped 3,648 tonnes mostly in Johor, where total cancellations now stand at 71,922 tonnes. Lead concluded at $2,137, an increase of $14 – stocks and inventories cancelled warrants both declined 100 tonnes – and zinc at $2,079 was $12 higher, with inventories falling a further 5,300 tonnes to 734,350 tonnes. Tin climbed $215 to end at $23,190 and steel was quoted at $400/410 – stocks and cancellations both fell another 65 tonnes to 8,190 tonnes and 3,900 tonnes respectively.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.374. If it breaks the level of 4.349 it can touch the level of 4.309 & 4.258 respectively. If it sustain above the level of 4.481, it can touch the level of 4.521, 4.572 respectively.
  • SELL NATURALGAS-NYMEX BELOW 4.349 TGTS 4.309, 4.258 SL 4.394.
  • BUY NATURALGAS-NYMEX ABOVE 4.481 TGTS 4.521, 4.572 SL 4.436.

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

23May

IForex Market Trading Signals and News of 23 May 2014

TRADING TIPS

EUR/USD

EUR/USD was at 1.3670, 0.11% lower for the day, after falling as low as 1.3654 earlier, not far from the two-and- a-half month trough of 1.3633 reached on Wednesday The pair was likely to find support at 1.3654 and resistance at 1.3710.The euro backed off session lows after data released on Thursday showed that manufacturing activity in the region expanded at the slowest rate in six months in May, but the region’s service sector expanded at the fastest rate in almost three years.The euro zone flash manufacturing purchasing managers’ index slid to 52.5 this month, from 53.4 in April, Survey compiler Markit said, compared to expectations of 53.2.The bloc’s services PMI rose to a 35-s

USD/CAD

USD/CAD touched session highs of 1.0930 and was last at 1.0909, just 0.06% higher for the day.The pair was likely to find support at 1.0890 and resistance at 1.0940, Wednesday’s high.The pair had a muted reaction after the Labor Department reported that the number of people filing for initial jobless benefits last week increased by 28,000 to 326,000 from the previous week’s revised total of 298,000.Analysts had expected jobless claims to rise by 12,000 to 310,000.The report came after Wednesday’s minutes of the Federal Reserve’s April meeting indicated that the bank continues to see a slow improvement in the economy, but reiterated that rates are likely to remain on hold at record lows for some time after its asset purchase program ends.

RECOMMENDATION :-

1. Buy GBP/USD Above 1.6925- TG: 1.6945/ 1.6975 SL 1.6890

2. Sell GBP/USD Below 1.6850- TG: 1.6830/ 1.6800 SL 1.6880

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

23May
Stock Market

Financial Sgx Singapore Stock Market Trading Picks And News – 23 May 2014

MARKET UPDATES

  • DETERIORATING health is the top retirement  concern for Singapore investors, followed by  healthcare affordability, according to a latest survey  by Manulife. Close to three quarters of respondents  indicated their health would likely deteriorate after  they retire, while 55 per cent of them said  healthcare would become unaffordable.
  • OFFICIAL retirement ages across Asia, which range  between 55 and 65 years of age, are out-of-date  and need to be raised, say the majority of Asian  investors, according to Manulife’s new research  released on Thursday.
  • MANHATTAN Resources on Thursday announced  that it has entered into a conditional agreement to  acquire Singxin Resources for S$1 billion through an  issue of up to 1.37 billion new shares at S$0.73 a  piece.Manhattan Resources last traded at S$0.775  on Tuesday. The new shares will be paid to the  vendors: Kaiyi Investment, Mining Alliances, Low  Tuck Kwong and Asiaworld Capital.

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.250 TG  3.300, 3.350, 3.420 SL 3.180

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

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