Daily Archives: June 9, 2014

9Jun

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

INTERNATIONAL COMMODITY NEWS :

Gold futures fell on Friday after data revealed the U.S. economy saw an uptick in new job creation in May, though a European Central Bank decision to loosen policy on Thursday cushioned the yellow metal’s losses. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,252.20 a troy ounce during U.S. trading, down 0.09%, up from a session low of $1,246.10 and off a high of $1,257.60. The August contract settled up 0.72% at $1,253.30 on Thursday.

Silver for July delivery was down 0.45% at $18.998 a troy ounce, while copper futures for July delivery were down 1.09% at $3.057 a pound.

Crude oil prices eased slightly in Asia on Friday ahead of U.S. data expected to show a gain of 218,000 jobs, underpinning continued strength for the dollar. On the New York Mercantile Exchange, U.S. Crude oil for delivery in July traded at $102.45 a barrel, down 0.03%, after falling to a session low of $101.61 a barrel, the weakest level since May 21, before trimming losses.

• The ICE Brent oil contract erased early losses and rose 0.4% to $108.79, ending four straight losing sessions.

Natural gas futures turned lower on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in July shed 0.59%, or 2.8 cents, to trade at $4.613 per million British thermal units during U.S. morning hours. Futures traded at $4.663 prior to the release of the supply data. Prices rose to a daily high of $4.688 per million British thermal units earlier, the most since May 8. Natural gas futures ended Wednesday’s session up 0.24%, or 1.1 cents, to settle at $4.640.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.0555. If it breaks the level of 3.0524, it can touch the level of 3.0424 & 3.0268 respectively. If it sustain above the level of 3.0788, it can touch the level of 3.0888, 3.1035 respectively.

  • SELL COPPER-COMEX BELOW 3.0524 TGTS 3.0424, 3.0268 SL 3.0634.
  • BUY COPPER-COMEX ABOVE 3.0788 TGTS 3.0888, 3.1035 SL 3.0678.

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

9Jun
Forex Signals

IForex Market Trading Signals and News of 09th June 2014

TRADING TIPS :

➔Forex – GBP/USD dips on solid U.S. May unemployment report
➔Forex – EUR/USD falls on solid U.S. May jobs report
➔Forex – USD/CAD almost unchanged after U.S., Canada jobs data

EUR/USD
➔EUR/USD was down 0.17% at 1.3639,up from a session low of 1.3621 and off a high of 1.3677.The pair was likely to find support at 1.3503, Thursday’s low, and resistance at 1.3723, the high from May 21.The U.S. Labor Department reported earlier that the economy added 217,000 in May, more or less in with expectations for a 218,000 increase, after a 282,000 rise in April, whose figure was revised down from a previously estimated 288,000 gain.The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain, which drew market applause and firmed the dollar.

GBP/USD
➔GBP/USD was down 0.14% at 1.6796,up from a session low of 1.6782 and off a high of 1.6845 .Cable was likely to find support at 1.6699, Wednesday’s low, and resistance at 1.6.458, the earlier high.The U.S. Labor Department reported earlier that the economy added 217,000 in May, more or less in with expectations for a 218,000 increase, after a 282,000 rise in April, whose figure was revised down from a previously estimated 288,000 gain.The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain, which drew market applause and firmed the dollar.The report also showed that the U.S.unemployment rate remained unchanged at 6.3% last month compared to expectations for a rise to 6.4%.The data, viewed by markets as not exceptionally robust, was still strong enough to keep expectations firm for the Federal Reserve to continue winding down its monthly bond-buying program, which weakens the dollar by suppressing long-term interest rates.

RECOMMENDATION :

1. Buy GBP/USD Above 1.6815- TG: 1.6835/ 1.6865 SL 1.6785
2. Sell GBP/USD Below 1.6790- TG: 1.6770/ 1.6740 SL 1.6820

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

9Jun
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 09th June 2014

MARKET UPDATES :

  • THE Monetary Authority of Singapore (MAS) intends to increase cooperation with other financial supervisors to fight money laundering and terrorism financing (ML/TF)
  • LIM Swee Say, secretary-general of the National Trades Union Congress (NTUC), has reiterated the labour movement’s support for the recommended changes to the Medishield Life scheme put forth by the MediShield Life Review Committee (MLRC) this week.
  • Singapore is willing to accept slower growth as a trade-off for social stability as it aims to keep down the number of foreigners working in the city-state, finance minister Tharman Shanmugaratnam told Reuters.
  • THE Ascott, CapitaLand’s wholly owned serviced residence business unit, on Friday said it has formed a strategic alliance with China’s property developer Beijing Vanke, to manage and develop serviced residences in China.

 

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.520 TG 2.560, 2.600, 2.660 SL 2.460

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

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