Daily Archives: June 11, 2014

11Jun

Comex Commodity Trading Signals and Market News –11th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Wednesday with fresh cues sought for the yellow metal. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,259.60 a troy ounce, down 0.04%, after hitting an overnight session low of $1,250.40 and off a high of $1,263.70.

Silver for July delivery was up 0.10% at $19.188 a troy ounce. Copper futures for July delivery fell 0.07% at $3.055 a pound.

Crude oil prices fell in Asia Wednesday as industry data on U.S. crude stocks failed to lift sentiment. On the New York Mercantile Exchange, West Texas Intermediate Crude Oil for delivery in July traded at $104.32 a barrel, down 0.03%, after hitting an overnight session low of $104.04 a barrel and a high of $105.05 a barrel.

• Brent oil on the ICE futures exchange fell 0.4% to $109.52 a barrel.

Natural gas futures moved lower on Tuesday after updated weather forecasting models predicted that a storm system trekking across the central and eastern U.S. will bring damp and cooler temperatures that should cut into demand for air conditioning. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.577 per million British thermal units during U.S. trading, down 1.47%. The commodity hit a session high of $4.663 and a low of $4.564. The July contract settled down 1.38% on Monday to end at $4.645 per million British thermal units.

• The copper price, initially stable on Tuesday, slipped away to fresh one-month lows during the LME pre-market session on dull sentiment, pulling the rest of the metals lower in their wake. The copper price touched a low of $6,628 and then settled at $6,648 per tonne , a $22 fall from the previous close. In inventory data, stocks fell a net 425 tonnes to 166,825 tonnes, the lowest since late-August 2008. The aluminium price, which broke above $1,900 to $1,918 yesterday, its best since August 2013, was less decisive this morning- it dropped back to $1,895, a $16 loss. Stocks were down 6,450 tonnes at 5,146,525 tonnes, the lowest for 13 months. Zinc stepped back from 16-month peak set late yesterday at $2,145 to trade at $2,120, an $11 decline – inventories fell, however. They declined 2,475 tonnes to 695,750 tonnes, the lowest since December 2010. Lead business at $2,128 was $13 lower – stocks held at 190,775 tonnes. The nickel price eased to $18,677 from $18,905, with stocks rising 1,914 tonnes to 286,626 tonnes, just 48 tonnes below the late-March all-time high. Tin business at $23,050 was $240 lower – stocks fell 25 tonnes to 10,770 tonnes.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.538. If it breaks the level of 4.518, it can touch the level of 4.468 & 4.396 respectively. If it sustain above the level of 4.636, it can touch the level of 4.686, 4.758 respectively.

  • SELL NATURALGAS-NYMEX BELOW 4.518 TGTS 4.468, 4.396 SL 4.573.
  • BUY NATURALGAS-NYMEX ABOVE 4.636 TGTS 4.686, 4.758 SL 4.581.

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

11Jun
Forex trading

IForex Market Trading Signals and News of 11th June 2014

TRADING TIPS :

Forex – EUR/USD extends losses as U.S. Treasury yields rise
Forex – GBP/USD slips lower despite strong U.K. Data
Forex – U.S. dollar almost unchanged against Canadian dollar

EUR/USD
In U.S. trading, EUR/USD was down 0.38% at 1.3541, up from a session low of 1.3534 and off a high of 1.3602. The pair was likely to find support at 1.3503, Thursday’s low, and resistance at 1.3677, Friday’s high. Rising Treasury yields, four months of solid monthly jobs reports and other upbeat economic indicators in the U.S. sent investors chasing the dollar on Tuesday. On Friday, the U.S. Labor Department reported that the economy added 217,000 in May, close to expectations for a 218,000 increase. It was the fourth consecutive month in which the U.S. economy added more than 200,000 new nonfarm payrolls. The private sector added 216,000 jobs last month, exceeding expectations for a 210,000 gain.

GBP/USD
GBP/USD hit 1.6759 during U.S. morning trade, the pair’s lowest since June 5; the pair subsequently consolidated at 1.6767 shedding 0.21%. Cable was likely to find support at 1.6699,the low of June 4 and resistance at 1.6845, the high of June 6. The pound shrugged off an earlier report by the Office for National Statistics showing that U.K. manufacturing output rose 0.4% in April from a month earlier, as expected. On a year-over-year basis manufacturing production rose 4.4% ahead of forecasts for a 4% increase. It was the largest annual increase in output since early 2011

RECOMMENDATION :

1. Buy GBP/USD Above 1.6780- TG: 1.6810/ 1.6830 SL 1.6750
2. Sell GBP/USD Below 1.6720- TG: 1.6680/ 1.6660 SL 1.6750

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

11Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 11th June 2014

MARKET UPDATES :

  • SINGAPORE’S YCH Group – Asia Pacific’s leading integrated logistics and end-to-end supply chain solutions partner – signed a Memorandum of Understanding (MOU) on Tuesday with China’s state-owned steel manufacturer, the Qingdao Iron & Steel Group Co Ltd, to jointly develop a state-of- the-art, 13.3-hectares supply chain facility in Qingdao’s Li Cang district.
  • SINGAPORE Airlines (SIA), will use the jumbo-sized Airbus A380 jet for flights to Beijing from Aug 1.The double-decker, 471-seat jet will replace two flights, which are now run using smaller aircraft. Beijing Capital International Airport will be served thrice daily. From August, the A380 will be deployed on SQ802, which departs from Singapore at 8.30am; the return flight SQ807 will leave Beijing at 4.35pm
  • PROPERTY developer SingHaiyi Group on Tuesday said it has on Monday established a S$500 million multicurrency debt issuance programme. Under the programme, SingHaiyi may, from time to time, issue in series or tranches,

STOCK RECOMMENDATION :

  • BUY STARHUB ABOVE 4.310 TG 4.360, 4.420, 4.500 SL 4.250

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