Monthly Archives: May 2014

14May

Comex Commodity Trading Signals and Market News – 14th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices eased in Asia on Wednesday in thin trade as investors await further cues on the dollar. On the Comex division of theNew York Mercantile Exchange, gold futures for June delivery traded at $1,293.10 a troy ounce, down 0.13%, after hitting an overnight session low of $1,289.20 and off a high of $1,298.80.

Silver comex for July delivery was down 0.05% at $19.538 a troy ounce. Copper futures for July delivery were up 0.07% at $3.135 a pound.

Crude oil prices rose in Asia on Wednesday after data pointed to a drop in U.S. gasoline stocks with the summer driving season gearing up. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $101.87 a barrel, up 0.16%, after hitting an overnight session low of $100.37 a barrel and a high of $101.51 a barrel.

Brent oil on the ICE futures exchange rose 83 cents, or 0.8%, to $109.24 a barrel on Tuesday, the highest settlement since April 25.

Natural gas prices fell on Tuesday after updated weather-forecasting models continued to call for mild temperatures to settle in across much of the U.S., which should crimp demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.386 per million British thermal units during U.S. trading, down 1.09%. The commodity hit session high of $4.547 and a low of $4.468. The June contract settled down 2.14% on Monday to end at $4.434 per million British thermal units.

Base metals business turned choppy during Tuesday’s LME premarket – the momentum seen during Monday’s robust advances faltered after the release of under-performing Chinese economic data.The copper price peaked at $6,893.25 per tonne and then settled back at $6,878, a $1 loss from the Monday close. Warehouse inventories fell for the 15th day in a row – down a net 2,350 tonnes at 202,975 tonnes, the lowest since October 2008. The nickel price burst above $21,000 to trade as high as $21,625 and then fell away to $20,771, down $129. The red-hot rally is showing signs of becoming technically overstretched but there is little sign of a significant correction. the zinc price at $2,086 was up $6, with inventories down 2,150 tonnes at 757,975 tonnes, the lowest for two months. Lead traded at $2,127, up $1.50, even after inventories rose 200 tonnes to 193,675 tonnes.The aluminium price was unchanged at $1,785 – inventories were down 13,875 tonnes at 5,289,600 tonnes, the lowest since mid-March. Tin at $23,050 rose $75 – stocks fell 20 tonnes to 9,620 tonnes.

TRADING STRATEGY :

SILVER-COMEX has closed @ 19.51. If it sustain above the level of 19.59, it can touch the level of 19.74 & 19.90 respectively. If it breaks the level of 19.13, it can touch the level of 18.98, 18.82 respectively.

BUY SILVER-COMEX ABOVE 19.59 TGTS 19.74, 19.90 SL 19.34.
SELL SILVER-COMEX BELOW 19.13 TGTS 18.98, 18.82 SL 19.38.

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

14May
forex-market-hours

IForex Market Trading Signals and News of 14th May 2014

TRADING TIPS

EUR/GBP
EUR/GBP touched lows of 0.8138, the weakest level since January 2013, and was last trading at 0.8140, 0.18% lower for the day.The pair was likely to find support at 0.8085 and resistance at 0.8173, the session high.The drop in the euro came after media reports that Germany’s central bank is open to more stimulus measures from the ECB.The Wall Street Journal reported the Bundesbank would back monetary easing measures if they were needed to keep persistently low levels of inflation from becoming entrenched in the euro zone.The ECB warned last week that it is “comfortable” with acting at its next meeting in June after it has a chance to review the latest economic projections.The single currency also came under pressure after data showed that German economic sentiment fell to a 16-month low in May.

GBP/USD
GBP/USD hit 1.6826, the lowest since May 2 and was last down 0.15% to 1.6842.Cable was likely to find support at 1.6805 and resistance at 1.6937, Friday’s high.Sterling’s losses were held in check amid expectations that the BoE would upgrade its forecast for growth when it presents its quarterly inflation report on Wednesday.The latest U.K. jobs report, also due for release on Wednesday, is expected to show a another decline in the unemployment rate to a more than five year low of 6.8% in the three months to March, while wage growth is expected to rise again.A strong reading would reinforce expectations that the BoE will raise interest rates ahead of other central banks and send the pound rising towards recent almost five year peaks against the dollar.

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

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

14May
sgx-asx-tse

Financial Sgx Singapore Stock Market Trading Picks And News – 14th 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.

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

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.

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

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

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

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

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

12May

Comex Commodity Trading Signals and Market News – 12th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices edged up in U.S. trading on Friday as Ukraine inched closer to civil war, which bolstered the yellow metal’s safe-haven appeal. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at 1,287.80 a troy ounce during U.S. trading, up 0.01%, up from a session low of $1,285.60 and off a high of $1,294.50. The June contract settled down 0.09% at $1,287.70 on Thursday.

Silver comex for July delivery was down 0.14% at $19.112 a troy ounce, while copper futures for July delivery were up 0.76% at $3.086 a pound.

Crude futures edged lower on Friday as investors sold the commodity for profits after locking in gains on Ukraine tensions and jumped to the sidelines to await fresh news to steer prices higher or lower. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $99.90 a barrel during U.S. trading, down 0.36%. New York-traded oil futures hit a session low of $99.87 a barrel and a high of $101.15 a barrel. The June contract settled down 0.51% at $100.26 a barrel on Thursday.

• The ICE Futures Exchange in London, Brent oil futures for June delivery were down 0.29% and trading at US$107.82 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.92 a barrel.

Natural gas prices fell on Friday as investors avoided the commodity after data release earlier this week revealed that stockpiles rose more than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in June traded at $4.517 per million British thermal units during U.S. trading, down 1.21%. The commodity hit session high of $4.598 and a low of $4.514. The June contract settled down 3.54% on Thursday to end at $4.572 per million British thermal units.

Base metals prices were mostly lower in Friday’s premarket, weighed down by weak Chinese data. The copper price edged $2 lower from Thursday’s close to $6,727 per tonne, ignoring a drop in inventories to their lowest since October 2008. Stocks fell a net 4,700 tones 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.The nickel price surged ahead, peaking at its highest since February 2012 at $20,500 before settling back at $20,070, still up $670 on the Goro shutdown news. Aluminium at $1,763 was $2 lower, with stocks down 8,600 tonnes at 5,313,300 tonnes and cancellations down 2,925 tonnes at 2,904,850 tonnes. The tin price declined $70 to $23,130 although stocks fell 200 tonnes to 9,505 tonnes. The lead price was unchanged at $2,095, with no change in stocks, and zinc ticked $1 lower to $2,032 – stocks and cancelled warrants were both down 1,325 tonnes at 761,175 tonnes and 127,050 tonnes respectively.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 100.05. If it breaks the level of 99.87, it can touch the level of 99.37 & 98.69 respectively. If it sustain above the level of 100.47, it can touch the level of 100.97, 101.70 respectively.

•SELL WTICRUDEOIL-NYMEX BELOW 99.87 TGTS 99.37, 98.69 SL 100.52.
•BUY WTICRUDEOIL-NYMEX ABOVE 100.47 TGTS 100.97, 101.70 SL 99.82.

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

12May
forex-trading3

IForex Market Trading Signals and News of 12th May 2014

TRADING TIPS

EUR/USD
EUR/USD was down 0.52% at 1.3768, up from a session low of 1.3755 and off a high of 1.3844.The pair was likely to find support at 1.3673, the low from April 4, and resistance at 1.3994, Thursday’s high.The European Central Bank this week left interest rates unchanged at 0.25%, though the euro dropped after ECB President Mario Draghi said the bank’s governing council is comfortable with acting at its next meeting after the bank publishes fresh inflation and growth forecasts.Draghi attributed weak inflation rates to food and energy prices, but added that the strong euro and weak domestic demand are also pushing down inflation.He reiterated that the ECB does not have a target for the euro exchange rate but stressed that the bank would closely monitor exchange-rate developments..

EUR/GBP
EUR/GBP was down 0.08% at 0.8168, up from a session low of 0.8163 and off a high of 0.8183.The pair was likely to find support at 0.8158, the low from Feb. 17, and resistance at 0.8248, Thursday’s high.The European Central Bank this week left interest rates unchanged at 0.25%, though the euro dropped after ECB President Mario Draghi said the bank’s governing council is comfortable with acting at its next meeting after the bank publishes fresh inflation and growth forecasts.Draghi attributed weak inflation rates to food and energy prices, but added that the strong euro and weak domestic demand are also pushing down inflation.He reiterated that the ECB does not have a target for the euro exchange rate but stressed that the bank would closely monitor exchange-rate developments.

RECOMMENDATION:
1. Buy GBP/USD Above 1.6960- TG: 1.6980/ 1.7010 SL 1.6930
2. Sell GBP/USD Below 1.6930- TG: 1.6910/ 1.6880 SL 1.6960

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

12May
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 12th May 2014

MARKET UPDATES

Real estate investment trusts in Singapore with growing exposures overseas in places like China, Japan and Australia are bucking the trend of lower returns at home where the city-state’s market has been slowing. Known as S-Reits, the US$49 billion sector, Asia’s second-largest after Japan, fared poorly in 2013. Jitters about the end of the US Federal Reserve’s stimulus programme and a series of moves by the Singaporean government to cool the property market raised concerns the trusts would lose their appeal to yield-hungry investors.

FORTUNE Real Estate Investment Trust (Reit)’s shares rallied on Friday, after the trust posted a 15.3 per cent rise in first-quarter distribution per unit (DPU) the previous day. Fortune Reit opened at HK$6.25, and extended gains to trade around HK$6.49, up by more than 4 per cent, or 27 HK cents, by 10.06 am. On Thursday, Fortune Reit said its income available for distribution rose 26.5 per cent to HK$193.9 million, or 10.38 HK cents per unit, for the January-to-March period, thanks to new property and rental reversions. Net property income increased to HK$289.2 million as the retail property trust recognised income from Fortune Kingswood, which was acquired in October 2013.

STOCK RECOMMENDATION:

  • BUY HONGKONG LAND ABOVE 6.800 TG 6.870, 6.950, 7.050 SL 6.700

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

9May

Comex Commodity Trading Signals and Market News – 09th May 2014

INTERNATIONAL COMMODITY NEWS

Gold prices gained in Asia on Friday driven by physical demand.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,289/80 a troy ounce, up 0.16%, after hitting an overnight session low of $1,285.70 and off a high of $1,295.50.

Silver comex for July delivery was up 0.11% at $19.160 a troy ounce. Copper futures for July delivery were up 0.04% at $3.061 a pound.

Crude oil prices were higher in Asia on Friday after China’s April CPI and PPI data. CPI rose 1.8% year-on-year. less than the 2.0% expected and PPI fell 2.0%, more than the drop of 1.9% expected. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in June traded at $100.45 a barrel, up 0.18%, after hiitning an overnight session low of $99.88 a barrel and a high of $100.93 a barrel. The June contract settled up 1.28% at $100.77 a barrel on Wednesday.

Brent crude on the ICE futures exchange fell 9 cents, or 0.1%, to $108.04 a barrel.

Natural gas prices dropped on Wednesday after data revealed U.S. stockpiles rose more than expected last week. On the New York Mercantile Exchange, Natural gas futures for delivery in June traded at $4.606 per million British thermal units during U.S. trading, down 2.84%. The commodity hit session high of $4.755 and a low of $4.588. The June contract settled down 1.23% on Wednesday to end at $4.740 per million British thermal units.

Base metals prices largely ignored positive data out of China in Thursday’s LME premarket, holding in recent ranges and generally drifting lower. The copper price at $6,663 per tonne was up $8 on Wednesday’s close, while volumes have been soft – around 4,600 lots have changed hands so far. Stocks and cancelled warrants both fell a net 3,925 tonnes to 213,025 tonnes and 98,825 tonnes respectively. Nickel activity surged on news that Vale has suspended production at its 40,000-tonne-per-year Goro nickel processing plant and mine in New Caledonia, spiking to its highest since the week of February 27, 2012 at $19,786. It settled back at $19,443, still up $793 or around four percent. Around 7,400 lots have traded so far, outpacing the rest of the complex.. The aluminium price at $1,763 was $6 lower although stocks declined 9,700 tonnes to 5,321,900 tonnes, while cancelled warrants at 2,907,775 tonnes were down 9,500 tonnes. Tin at $23,125 was up $25 – there was no changes in stocks but cancellations climbed 275 tonnes to 3,780 tonnes. The lead price was unchanged at $2,080 after stocks and cancelled warrants both declined 125 tonnes to 193,475 tonnes and 20,625 tonnes respectively. Zinc at $2,028 was $2.50 lower; stocks fell 1,250 tonnes to 762,500 tonnes.

TRADING STRATEGY:

NATURALGAS-NYMEX has closed @ 4.585. If it breaks the level of 4.542, it can touch the level of 4.502 & 4.449 respectively. If it sustain above the level of 4.673, it can touch the level of 4.713, 4.765 respectively.

•SELL NATURALGAS-NYMEX BELOW 4.542 TGTS 4.502, 4.449 SL 4.597.
•BUY NATURALGAS-NYMEX ABOVE 4.673 TGTS 4.713, 4.765 SL 4.618.

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

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