Daily Archives: June 4, 2014

4Jun
forex-trading3

IForex Market Trading Signals and News of 04th June 2014

TRADING TIPS :

➔Forex – GBP/USD trims gains on U.K. construction data
➔Forex – EUR/USD steady, near 3-1/2 month lows

EUR/USD
➔EUR/USD hit 1.3607 during late Asian trade,the session high;the pair subsequently consolidated at 1.3605, easing up 0.06%.The pair was likely to find support at 1.3529,the low of January 23 and resistance at 1.3668, the high of May 27.Sentiment on the single currency was vulnerable after data on Friday showing that the annual rate of inflation in Italy and Spain slowed in May added to expectations that the ECB will take steps to tackle low consumer price growth, which is threatening the fragile recovery in the euro zone.Last week, ECB President Mario Draghi said the bank was aware of the risks of persistently low inflation and was prepared to take steps to get euro zone inflation back to its target, the latest indication that the bank is on course to ease monetary policy next week.

GBP/USD
➔GBP/USD pulled away from 1.6782, the session high, to hit 1.6763 during European morning trade, still up 0.09%. Cable was likely to find support at 1.6693, the low of May 29 and resistance at 1.6816, the high of May 28. Markit research group said the U.K. construction purchasing managers’ index ticked down to a seven-month low of 60.0 in May, from a reading of 60.8 the previous month. Analysts had expected the index to remain unchanged last month.The report came a day after Markit said the U.K. manufacturing PMI fell to 57.0 this month, from a reading of 57.3 in May, in line with expectations.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6790- TG: 1.6810/ 1.6840 SL 1.6760
2. Sell GBP/USD Below 1.6730- TG: 1.6710/ 1.6670 SL 1.6760

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

4Jun

Comex Commodity Trading Signals and Market News – 04th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices gained in Asia Wednesday on a rebound from overnight with investors search for demand cues. On the Comex division of the New York Mercantile Exchange, gold for August delivery traded at $1,245.30 a troy ounce, up 0.06%. Overnight,the Institute for Supply Management corrected its May manufacturing data twice on Monday. The index was first corrected to 56.0 after being initially reported as 53.2, before being corrected for a second time to 55.4.

Silver comex for July delivery rose 0.17% to trade at $18.795 a troy ounce. Copper for July delivery fell 0.07% to trade at $3.140 a pound.

Crude oil prices gained in Asia on Wednesday after slightly bullish industry data on U.S. stocks. On the New York Mercantile Exchange, U.S. Crude Oil for delivery in July traded at $102.91 a barrel, up 0.24%, after hitting $102.10 on Monday, the lowest since May 20, before settling at $102.47, down 0.23%, or 24 cents.

• Brent Oil on ICE Futures Europe also rallied late to settle up 0.2 cent, or 0.02%, to $108.85 a barrel on Tuesday.

Natural gas futures were higher in U.S. trade on Tuesday. On the New York Mercantile Exchange, Natural gas futures for July delivery traded at USD4.633 per million British thermal units at time of writing rising 0.47%. It earlier traded at a session high USD4.662 per million British thermal units.

Base metals prices slipped lower on Tuesday morning on worsening sentiment about the state of the Eurozone economy. the copper price at $6,867 per tonne was down $63 on Monday’s close. Business has been subdued, with around 5,600 lots changing hands so far. Stocks and cancelled warrants both fell a net 2,000 tonnes to 168,825 tonnes and 70,975 tonnes respectively. The aluminium price was $10 lower at $1,840. Stocks were down 5,825 tonnes at 5,181,250 tonnes, their lowest since May 13, 2013 – this is due to continuous drawdowns in Detroit and Vlissingen. The nickel price declined $140 to $19,210 although inventories were down 126 tonnes to 283,986 tonnes and cancelled warrants increased 1,572 tonnes to 113,568 tonnes. The lead price at $2,119 was $4 lower after a 50-tonne stock drop to 190,425 tonnes and zinc at $2,078 was $5 lower, although tightness remains in the benchmark cash/three spread-it was last at a backwardation of $4.25/6.25. Stocks and cancelled warrants were both down 1,350 tonnes at 707,075 tonnes  and 91,000 tonnes respectively. The tin price was down $87 at $23,288 – inventories dropped 65 tonnes to 10,785 tonnes.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1465. If it breaks the level of 3.1223, it can touch the level of 3.1123 & 3.0992 respectively. If it sustain above the level of 3.1404, it can touch the level of 3.1504, 3.1634 respectively.

  • SELL COPPER-COMEX BELOW 3.1223 TGTS 3.1123, 3.0992 SL 3.1333.
  • BUY COPPER-COMEX ABOVE 3.1404 TGTS 3.1504, 3.1633 SL 3.1294.

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

 

4Jun
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 04th June 2014

MARKET UPDATES :

  • Singapore officially started its first power plant that fully operates on liquefied natural gas (LNG) on Tuesday, said the head of the company that owns the facility, as the city state tries to curb its reliance on piped natural gas.
  • Singapore sovereign wealth fund GIC and a US- based private equity firm will acquire anti- plagiarism software maker iParadigms for US$752 million, the firms said on Tuesday.
  • CAPITALAND on Tuesday said its wholly-owned subsidiary Sound Investment Holdings and its concert parties have on Monday received valid acceptances amounting to 3.46 billion shares, representing approximately 88.7 per cent of the issued share capital of CapitaMalls Asia (CMA).
  • YuuZoo, a Singapore e-commerce firm run by the former Asia head of Finnish technology company Nokia, plans to go public through a S$490.9 million (US$391 million)

 

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.400 TG 2.440, 2.480, 2.540 SL 2.340

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

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