Monthly Archives: June 2014

30Jun

Comex Commodity Trading Signals and Market News – 30 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures rose on Friday as the dollar fell amid market sentiment that the Federal Reserve will keep interest rates low well into 2015 despite comments from the head of the U.S. central bank’s St. Louis branch suggesting otherwise. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,319.50 a troy ounce during U.S. trading, up 0.19%, up from a session low of $1,313.60 and off a high of $1,323.10. The August contract settled down 0.42% at $1,317.00 on Thursday.

Silver for September delivery was down 0.10% at $21.140 a troy ounce, while copper futures for September delivery were down 0.18% at $3.166 a pound.

Crude futures edged lower in U.S. trading on Friday as investors continued to unwind positions that had priced in the possibility of major supply disruptions stemming from the bloody Iraqi insurgency. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $105.61 a barrel during U.S. trading, down 0.22%. New York-traded oil futures hit a session low of $105.34 a barrel and a high of $106.18 a barrel. The August contract settled up 0.62% at $105.84 a barrel on Thursday.

Natural gas futures carried Thursday’s losses into Friday after official data revealed U.S. inventories rose more than markets were expecting last week. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.393 per million British thermal units during U.S. trading, down 1.09%. The commodity hit a session high of $4.466 and a low of $4.376. The August contract settled down 2.80% on Thursday to end at $4.441 per million British thermal units.

Base metals moved back into upside territory during Friday LME premarket trading, reversing an early drift when the copper market sped up to its highest since early-March, while the others again veered towards overhead objectives. The copper price got to within $16 of the $7,000 level at one stage, nickel hit its best for just over one week and aluminium , zinc and lead were all showing signs of retesting overhead resistance areas. The aluminium price was again struggling above $1,900 – prices have consistently failed to hold above that level this week. Business at $1,895 was $2 lower. Inventories recorded their 24th successive daily decline – down 6,550 tonnes at 5,053,875 tonnes, the lowest since October 2012. The zinc price hit $2,196.50, just $1.50 below the recent 16-month high, and then traded at $2,190, a $0.50 loss. There was a rare stocks increase – inventories rose 1,300 tonnes to 669,000 tonnes. Sister metal lead held at an unchanged $2,174, while stocks increased 1,500 tonnes to 193,400 tonnes. The nickel price saw technically based buying and traded at $18,820, down $30 – stocks were up 234 tonnes at 305,790 tonnes. The tin price at $22,350 was $75 lower, with stocks up 100 tonnes at 11,285 tonnes, the highest since November 2013.

• The ICE Futures Exchange in London, brent oil futures for August delivery were up 0.02% and trading at US$113.24 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.63 a barrel.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 105.72. If it breaks the level of 105.50, it can touch the level of 105.00 & 104.20 respectively. If it sustain above the level of 106.76, it can touch the level of 107.26, 107.96 respectively.

  • SELL WTICRUDEOIL-NYMEX BELOW 105.50 TGTS 105.00, 104.20 SL 106.05.
  • BUY WTICRUDEOIL-NYMEX ABOVE 106.76 TGTS 107.26, 107.96 SL 106.21.

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

30Jun
forex-trading3

IForex Market Trading Signals and News of 30 June 2014

TRADING TIPS :

  • USD/JPY falls on renewed expectations for Fed to keep rates low
  • Forex – EUR/USD gains as dollar slips on Federal Reserve outlook
  • Forex – GBP/USD almost unchanged after U.K. data

USD/JPY
USD/JPY was down 0.33% and trading at 101.39, up from a session low of 101.32 and off a high of 101.73. The pair was expected to test support at 101.32, the earlier low, and resistance at 102.17, Tuesday’s high. On Thursday, St. Louis Federal Reserve President James Bullard told Fox Business Network that an improving economy may make conditions ripe for interest rates to rise possibly in early 2015.

EUR/USD
In U.S. trading, EUR/USD was up 0.16% at 1.3634, up from a session low of 1.3610 and off a high of 1.3643. The pair was likely to find support at 1.3576, Thursday’s low, and resistance at 1.3677, the high from June 6. The dollar fell on Friday after markets bet the Federal Reserve will keep interest rates low for some time to come.

GBP/USD
GBP/USD hit 1.7051 during European morning trade, the pair’s highest since June 20; the pair subsequently consolidated at 1.7033, inching up 0.04%. Cable was likely to find support at 1.6952, the low of June 25 and resistance at 1.7063, the high of June 19 and a five-year high.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7050- TG: 1.7080/ 1.7110 SL 1.7020
2. Sell GBP/USD Below 1.7020- TG: 1.6990/ 1.6960 SL 1.7050

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

30Jun
sgx-asx

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

MARKET UPDATES :

  • JACKSPEED Corporation is selling its leasehold factory in Loyang Drive for S$6.5 million under its ongoing efforts to redeploy capital more efficiently. The leather and car accessories distributor signed an option-to-purchase agreement with buyer Tan Soon Huah Gas Supply on Friday.
  • Singapore’s capital markets are set for more rated bond issues as the city’s regulator considers ways to promote transparency and deepen the business.The Monetary Authority of Singapore has raised the issue in recent discussions with market participants,
  • NOMINATED Member of Parliament Teo Siong Seng, who is the managing director of Pacific International Lines (Pte) Ltd, has taken the helm of Singapore’s apex business chamber, the Singapore Business Federation (SBF).
  • GLOBAL Logistic Properties (GLP), a provider of logistics facilities, on Friday said Seek Ngee Huat has been appointed as chairman of the board with effect from July.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION LTD ABOVE 3.910 TG 3.970,4.100 SL 3.800

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

27Jun

Comex Commodity Trading Signals and Market News – 27 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia on bargain hunting after an upbeat assessment on the U.S> economy by a Fed official dimmed hit the metal overnight. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,317.70 a troy ounce, up 0.05%, after hitting an overnight session low of $1,307.00 and off a high of 1,320.60.

Silver for September delivery was down 0.02% at $21.158 a troy ounce. Copper futures for September delivery were down 0.12% at $3.169 a pound.

Crude oil prices continued to fall into Asai on Friday as ample supplies outweigh, for now, the threat of disruption of shipments from Iraq and U.S. data pointed to weaker than expected demand. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $105.68 a barrel, down 0.16%, after hitting an overnight session low of $105.04 a barrel and a high of $106.85 a barrel.

• The Brent oil contract on the ICE Futures Europe fell by 0.1% to $113.67, and is now $2 below the levels reached a week ago.

Natural gas futures fell on Thursday after official data revealed U.S. inventories rose more than markets were expecting last week.On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.448 per million British thermal units during U.S. trading, down 2.66%. The commodity hit a session high of $4.607 and a low of $4.434. The August contract settled up 0.29% on Wednesday to end at $4.569 per million British thermal units.

Base metals drifted routinely during Thursday LME premarket trading and looked set for a neutral day, traders said, after copper lost early upside momentum – prices had climbed to fresh three-week highs. In the metals, the copper price jumped to $6,954 at one stage before tailing away to $6,910 per tonne, down $5 from the previous kerb close. Warehouse stocks registered a 20th daily fall on the trot – dropping a net 825 tonnes to 156,000 tonnes, the lowest since August 2008, again. The aluminium price continued to encounter difficulty in sustaining a foothold above $1,900 and retest this week’s two-week peaks, retreating to trade at $1,894, a $6 loss. Inventories declined for a 23rd successive day, with a 5,825-tonne fall to 5,060,425 tonnes, the lowest since October 2012. The zinc price traded at $2,184, up just $1 and struggling to test its 16-month highs hit at the start of the week near $2,200 – stocks fell 1,075 tonnes to 667,700 tonnes, a new low since December 2010. Sister metal lead at $2,171 was $4 higher, running below six-month peaks set earlier this week, while inventories dropped 275 tonnes to 191,900 tonnes. Nickel traded at $18,630, up $55, having corrected higher from near $18,000. Inventories dropped 306 tonnes to 305,556 tonnes but remain near all-time highs. The tin price slipped $75 to $22,425, with stocks climbing 85 tonnes to 11,185 tonnes, a fresh high since November 2013.

TRADING STRATEGY :

NATURALGASL-NYMEX has closed @ 4.445. If it breaks the level of 4.425, it can touch the level of 4.385 & 4.325 respectively. If it sustain above the level of 4.569, it can touch the level of 4.609, 4.669 respectively.

  • SELL NATURALGAS-NYMEX BELOW 4.425 TGTS 4.385, 4.325 SL 4.470.
  • BUY NATURALGAS-NYMEX ABOVE 4.569 TGTS 4.609, 4.669 SL 4.528.

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

27Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 27 June 2014

MARKET UPDATES :

  • DBS Group Research said on Thursday that although it likes Singapore banks’ resiliency with strong asset quality and superior capital, catalysts are limited versus ASEAN peers apart from being a safe haven
  • SINGTEL could dish out potential special dividends of 5.5 cents a share if it divests its 26.1 per cent stake in SingPost, a non-core investment which has been targeted by China’s e-commerce giant Alibaba. Jack Ma’s Alibaba is investing S$312.5 million for a 10 per cent interest in SingPost to bolster its logistics business.
  • [SINGAPORE] Shares in semiconductor firm STATS ChipPAC Ltd jumped as much as 16.7 per cent on Thursday in strong volume on renewed talk on the sale of the company.
  • CORPORATE deals in Singapore outpaced those in Malaysia and Indonesia, making it a stand out performer in the region with 143 deals worth some US$18.7 billion recorded over the first half of the year.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.500 TG 2.540, 2.580, 2.640 SL 2.440

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

26Jun

Comex Commodity Trading Signals and Market News – 26 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell in Asia on Thursday in profit taking as investors still expect the U.S. Federal Reserve to unwind its asset purchase program on schedule. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,320.00 a troy ounce, down 0.20%, after hitting an overnight session low of $1,311.40 and off a high of $1,325.60.

Silver for September delivery was down 0.37% at $21.093 a troy ounce Copper futures for September delivery were up 0.04% at $3.167 a pound.

Crude oil prices gained in Asia Thursday as continued civil strife in Iraq keeps concerns of supply disruptions front and center. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $106.72 a barrel, up 0.20%, after hitting an overnight session low of $105.50 a barrel and a high of $107.02 a barrel.

Brent oil on the ICE Futures Europe exchange fell 0.4% to $114.00 a barrel.

Natural gas futures rose on Wednesday after updated weather-forecasting models called for a return of typical summertime temperatures over much of the central and eastern U.S. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.580 per million British thermal units during U.S. trading, up 0.52%. The commodity hit a session high of $4.606 and a low of $4.533. The August contract settled up 1.97% on Tuesday to end at $4.556 per million British thermal units.

Base metals were looking to resume the upside momentum seen so far this week during Wednesday LME premarket trading, with most having challenged upside chart barriers in recent sessions on investment buying. n the metals the copper price got to within $5 of the $6,900 but then settled back at an unchanged $6,885. Warehouse stocks registered their 19th successive daily decline, falling a net 900 tonnes to 156,825 tonnes, the lowest once more since August 2008. The aluminium price jumped back above $1,900, touching $1,912, and then held at $1,910, up $14. Inventories registered their 22nd successive daily fall, with the 5,875- tonne decline taking the stockpile down to 5,066,250 tonnes. In others, the zinc price remains on hold below $2,200, with recent trade at $2,185 a $10 advance – stocks dropped 2,475 tonnes to 668,775 tonnes, the lowest since December 2010/ Lead was similarly stuck below $2,200 – it was last $4.50 lower at $2,179 – while inventories were down 350 tonnes at 192,175 tonnes. The nickel price rose $90 to $18,220 but the 474-tonne increase in inventories took the total to 305,862 tonnes, just 108 tonnes below last week’s all-time highs. Tin at $22,575 was unchanged, although stocks increased 255 tonnes to 11,100 tonnes, a seven-month high.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1585. If it sustain above the level of 3.1770, it can touch the level of 3.1870 & 3.2020 respectively. If it breaks the level of 3.1270, it can touch the level of 3.1170, 3.1020 respectively.

  • BUY COPPER-COMEX ABOVE 3.1770 TGTS 3.1870, 3.2020 SL 3.1660.
  • SELL COPPER-COMEX BELOW 3.1270 TGTS 3.1170, 3.1020 SL 3.1380.

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

26Jun
Forex Signals

IForex Market Trading Signals and News of 26 June 2014

TRADING TIPS :

  • Forex – EUR/USD firms on dismal U.S. GDP data
  • Forex – GBP/USD erases losses but remains under pressure
  • Forex – Dollar broadly lower after weak U.S. data on GDP, durables

EUR/USD
EUR/USD was up 0.23% at 1.3638, up from a session low of 1.3600 and off a high of 1.3652.The pair was likely to find support at 1.3574, Monday’s low, and resistance at 1.3677, the high from June 6.The Commerce Department reported earlier that U.S. gross domestic product contracted at an annual rate of 2.9%in the first quarter of the year, far surpassing consensus forecasts for a decline of 1.7%.U.S. first-quarter GDP was initially reported to have increased by 0.1%, but was subsequently revised to show a contraction of 1.0%.The difference between the second and third estimate was the largest since records began in 1976, the Commerce Department added.A separate report showed that U.S. durable goods orders fell 1.0% in May, while core durable goods orders fell 0.1%. Market expectations had been for an increase of 0.2% and 0.4%, respectively.

GBP/USD
GBP/USD pulled away from 1.6952, the pair’s lowest since June 18, to hit 1.7000 during U.S. morning trade, up 0.09%.Cable was likely to find support at 1.6924, the low of June 18 and resistance at 1.7061, the high of June 20.The dollar came under pressure after the Commerce Department said gross domestic product contracted at an annual rate of 2.9% in the first three months of the year, compared to the consensus forecast for a decline of 1.7%.U.S. first quarter GDP was initially reported to have increased by 0.1%, but was subsequently revised to show a contraction of 1.0%.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7010- TG: 1.7030/ 1.7060 SL 1.6980
2. Sell GBP/USD Below 1.6960- TG: 1.6940/ 1.6910 SL 1.6990

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

26Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 26 June 2014

MARKET UPDATES :

  • THE Monetary Authority of Singapore (MAS) on Wednesday outlined proposed measures to define a systemically important bank (SIB) in Singapore. The proposed indicators will be based on the following four factors: size; interconnectedness; substitutability and complexity.
  • KEPPEL Land and its fund management arm, Alpha Investment Partners, have on Wednesday signed a sale and purchase agreement to sell Equity Plaza in Raffles Place for S$550 million to a consortium led by mainboard-listed GSH Corporation, controlled by Sam Goi.
  • WILMAR International said on Wednesday that it has closed the deal to buy Huntsman Corporation’s European commodity surfactants business. Financial details of the deal were not disclosed.
  • WATER treatment firm Hyflux, through its wholly-owned subsidiary Hyflux International, has signed a memorandum of understanding (MOU) with Banco Interacciones, Mexico’s leading infrastructure bank, to collaborate on water projects in Mexico.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION ABOVE 3.880 TG 3.930, 3.980, 4.060 SL 3.820

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

25Jun

Comex Commodity Trading Signals and Market News –25 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia early Wednesday on profit-taking, but remain well supported on the civil strife in Iraq. Overnight, gold futures rose on fears the ongoing Iraqi insurgency will escalate, threaten U.S. recovery by dragging Washington deeper into the crisis and weaken the dollar, which trades inversely from the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,319.70 a troy ounce, down 0.12%, after hitting an overnight session low of $1,314.60 and off a high of $1,326.60.

Silver for September delivery was down 0.58% at $21.975 a troy ounce. Copper futures for September delivery were up 0.10% at $3.144 a pound.

Crude oil prices gained smartly in Asia on Wednesday on Iraq tension, shrugging off an industry report that showed a solid gain in U.S. crude stocks. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $107.11 a barrel, up 1.01%, after hitting an overnight session low of $105.28 a barrel and a high of $106.46 a barrel.

Brent oil on the ICE futures exchange rose 0.3% to $114.46 a barrel with the spread with West Texas Intermediate widening by 48 cents to $8.43 a barrel.

Natural gas futures bounced higher on Tuesday after bottom fishers snapped up nicely-priced positions on the notion that a break in a heat wave that could curb demand for air conditioning could be short-lived. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.529 per million British thermal units during U.S. trading, up 1.35%. The commodity hit a session high of $4.534 and a low of $4.453. The August contract settled down 1.85% on Monday to end at $4.468 per million British thermal units.

Base metals settled for mixed price trends during Tuesday’s LME pre-market session, generally consolidating after the previous’s days more definitive pattern, when several set multi-week highs as short-term sentiment picked up. The copper price, which hit $6,900 on Monday, was trading at a comfortable $6,879, down a modest $6 from the previous close. In warehouse stocks data, inventories fell a net 850 tonnes to 157,725 tonnes, the lowest again since August 2008. The aluminium price was again holding station under $1,900, trading at $1,891, up $1. Inventories dropped 5,150 tonnes to a new 18-month low of 5,072,125 tonnes. There was a big 88,625-tonne jump in cancelled warrants to 3,032,500 tonnes, the highest level ever. The zinc price was hovering not far off the $2,200 level, trading at $2,191, up $7, with stocks falling 2,075 tonnes to 671,250 tonnes, a fresh low since December 2010. Sister metal lead held at $2,182, a $5 advance, with a modest 50-tonne fall in inventories to 192,525 tonnes. The nickel price drifted to $18,219 from a previous $18,425, with stocks climbing 786 tonnes to 305,388 tonnes, close to recent all-time highs of 305,970 tonnes. Tin business at $22,500 was a mere $25 lower, with stocks unchanged at 10,845 tonnes.

TRADING STRATEGY :

GOLD-COMEX has closed @ 1311.76. If it breaks the level of 1309, it can touch the level of 1302 & 1292 respectively. If it sustain above the level of 1326, it can touch the level of 1333, 1343 respectively.

  • SELL GOLD-COMEX BELOW 1309 TGTS 1302, 1292 SL 1319.
  • BUY GOLD-COMEX ABOVE 1326 TGTS 1333, 1343 SL 1316.

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

25Jun
Forex trading

IForex Market Trading Signals and News of 25 June 2014

TRADING TIPS :

  • Forex – Pound lower after dovish Carney comments
  • Forex – Euro edges higher, gains checked after German Ifo
  • Forex – AUD/USD slips but remains near 2-1/2 month high

GBP/USD
GBP/USD touched session lows of 1.6974 and was last down 0.21% to 1.6993.The pair was trading at around 1.702 before the speech. Cable was likely to find support at 1.6940 and resistance at 1.7030, the session high. The drop in the pound came after BoE Governor Mark Carney said that wage growth has been lower than expected

EUR/USD
EUR/USD edged up 0.13% to 1.3620, up from session lows of 1.3598. The pair was likely to find support at 1.3540 and resistance at 1.3630. The single currency shrugged off a report showing that the German Ifo business climate index fell to a six-month low of 109.7 this month from 110.4 in May and compared to estimates of 110.3.

AUD/USD
AUD/USD hit 0.9418 during late Asian trade, the session low; the pair subsequently consolidated at 0.9409, slipping 0.16%. The pair was likely to find support at 0.9375, the low of June 22 and resistance at 0.9461. A report on Monday showed that China’s HSBC manufacturing PMI came in at 50.8 in June.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7030- TG: 1.7060/ 1.7090 SL 1.7005
2. Sell GBP/USD Below 1.6970- TG: 1.6940/ 1.6910 SL 1.6995

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

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