Daily Archives: June 5, 2014

5Jun

Comex Commodity Trading Signals and Market News – 05th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices were flat to higher in Asia Thursday ahead of the European Central Bank’s board meeting on monetary policy and Friday’s U.S. non-farm payrolls. On the Comex division of the New York Mercantile Exchange, gold for August delivery traded at $1,244.70 a troy ounce, up 0.03%.

Silver for July delivery on the Comex slipped 0.04% to trade at $18.785 a troy ounce. Copper for July delivery fell 0.19% to trade at $3.088 a pound.

Crude oil prices fell in Asia on Thursday on bearish government data on U.S. petroleum stocks that signalled the summer driving season is not as robust as expected. On the New York Mercantile Exchange, U.S. Crude oil for delivery in July traded at $102.26 a barrel, down 0.38%.

• The Brent oil contract fell 0.4% to $108.40 a barrel on the ICE Futures Europe exchange, its fourth consecutive losing session.

Natural gas futures were higher in U.S. trade on Wednesday. On the New York Mercantile Exchange, Natural gas futures for July delivery traded at USD4.641 per million British thermal units at time of writing rising 0.25%. It earlier traded at a session high USD4.646 per million British thermal units.

Base metals fell on Wednesday morning on concerns about the alleged fraudulent use of warehouse receipts in the Chinese port of Qingdao, which pulled the copper price about 1.5 percent lower – the other metals followed in its wake. The copper price was around three-week lows, dropping to $6,765 per tonne, down $105 on Tuesday’s close. Turnover on Select has picked up, with 13,000 lots changing hands so far. Stocks fell a net 350 tonnes to 168,475 tonnes. The aluminium price at $1,825 was $11 lower, while stocks remain at one-year lows following a 5,750-tonne drop to 5,175,500 tonnes. The nickel price last traded at a soft $18,948 tonnes although stocks fell 234 tonnes to 283,752 tonnes. Tin was $196 lower at $23,144 – stocks increased 130 tonnes to 10,915 tonnes – and lead declined $18 to $2,117, with no changes in stocks. The zinc price at $2,079 was $9 lower, while the nearby spreads are in backwardation, with cash/threes at $6. Stocks and cancelled warrants were both down 3,650 tonnes at 703,425 tonnes and 87,350 respectively – total stocks are now at their lowest since January 10, 2011.

TRADING STRATEGY :

BRENTCRUDEOIL-NYMEX has closed @ 108.05. If it breaks the level of 108.03, it can touch the level of 107.53 & 106.84 respectively. If it sustain above the level of 109.20, it can touch the level of 109.70, 110.39 respectively.

  • SELL BRENTCRUDEOIL-NYMEX BELOW 108.03 TGTS 107.53, 106.84 SL 108.58.
  • BUY BRENTCRUDEOIL-NYMEX ABOVE 109.20 TGTS 109.70, 110.39 SL 108.65.

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

5Jun
Forex Signals

IForex Market Trading Signals and News of 05th June 2014

TRADING TIPS :

➔Forex – GBP/USD pares losses after U.K. service sector data
➔Forex – EUR/USD edges lower ahead of E.Z. data, ECB
➔Forex – USD/CAD rises to 1-month highs, BoC holds

EUR/USD
➔EUR/USD easing 0.02% to 1.3626.Payroll processing firm ADP said non-farm private employment rose by 179,000 in May, below expectations for an increase of 210,000. April’s figure was revised down to a gain of 215,000 from a previously reported increase of 220,000. A separate report showed that U.S. trade deficit widened to $47.24 billion in April, from $44.18 billion in March whose figure was revised from a previously estimated deficit of $40.40 billion. Analysts had expected the trade deficit to widen to $40.80 billion in April. Meanwhile, sentiment on the euro remained vulnerable after Eurostat on Tuesday said consumer price inflation in    the euro zone increased by 0.5% last month, down from 0.7% in April and missing expectations for a reading of 0.7%. The rate  stands well below the ECB target of near but just under 2%

GBP/USD
➔GBP/USD pulled away from 1.6699, the pair’s lowest since May 29, to hit 1.6720 during European morning trade, still down 0.18% .Cable was likely to find support at 1.6697, the low of April 14 and resistance at 1.6816, the high of May 28.Markit research group said the U.K. services purchasing managers’ index slipped to 58.6 last month, from a reading of 58.7 in April. Analysts had expected the index to fall to 58.2 in May. The data came a day after Markit said the U.K. construction PMI ticked down to 60.0 in May, from a reading of 60.8 the previous month, compared to expectations for the index to remain unchanged.

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.

5Jun
sgx-asx-tse

Financial Sgx Singapore Stock Market Trading Picks And News – 05th June 2014

MARKET UPDATES :

  • CAPITALAND on Wednesday said its wholly-owned subsidiary Sound Investment Holdings and its concert parties have on Tuesday received valid acceptances amounting 3.5 billion shares,representing approximately 89.9 per cent of the issued share capital of CapitaMalls Asia (CMA).This follows the acquisition of an additional 350.9 million shares in CMA, representing approximately nine per cent of CMA’s issued share capital.
  • JUBILEE Industries Holdings on Wednesday said that the company, along with Jewelstone Properties, will no longer be proceeding with the proposed acquisition of Tenderside Ventures In a statement to SGX, Jubilee said that both parties were “unable to reach a consensus on some of the principal commercial terms of the proposed acquisition.”
  • Shares in Australand Property Group jumped 7 per cent on Wednesday after the Australian property company said it received a A$2.6 billion (US$2.41 billion) takeover offer from Singapore’s Frasers Centrepoint.

 

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.330 TG 2.370, 2.410, 2.460 SL 2.270

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

 

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