Daily Archives: June 12, 2014

12Jun

Comex Commodity Trading Signals and Market News –12th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices rose slightly in Asia on Thursday, keeping a handle on events in Iraq after Islamist rebels seized control of two cities in strife that threatens efforts to rebuild the country’s oil industry. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,261.40 a troy ounce, up 0.02%, after hitting an overnight session low of $1,258.00 and off a high of $1,265.30.

Silver for July delivery rose 0.17% at $19.205 a troy ounce. Copper futures for July delivery rose 0.605 at $3.038 a pound.

Crude oil prices held flat in Asia on Thursday with the market focused on strife in Iraq. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $104.38 a barrel, down 0.02%, after hitting an overnight session low of $104.04 a barrel and a high of $105.05 a barrel.

• The Brent oil contract rose 0.4% to $109.95 a barrel on the ICE Futures Europe exchange on Wednesday.

Natural gas futures rose on Wednesday after updated weather-forecasting models called for high pressure to edge out a storm system and bring warmer temperatures to the eastern half of the U.S. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.542 per million British thermal units during U.S. trading, up 0.25%. The commodity hit a session high of $4.572 and a low of $4.519. The July contract settled down 2.48% on Tuesday to end at $4.530 per million British thermal units.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.0355. If it breaks the level of 3.0361, it can touch the level of 3.0261 & 3.0105 respectively. If it sustain above the level of 3.0599, it can touch the level of 3.0699, 3.0755 respectively.

  • SELL COPPER-COMEX BELOW 3.0361 TGTS 3.0261, 3.0105 SL 3.0466.
  • BUY COPPER-COMEX ABOVE 3.0599 TGTS 3.0699, 3.0755 SL 3.0494.

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

12Jun
Forex Signals

IForex Market Trading Signals and News of 12th June 2014

TRADING TIPS :

  • Forex – U.S. dollar drifts to 1-week lows against Canadian dollar
  • Forex – Broadly weaker euro remains under pressure
  • Dollar slips lower vs. rivals, but U.S. bond yields still support

USD/CAD
USD/CAD touched session lows of 1.0870 and was last trading at 1.0873, 0.27% lower for the day. The pair was likely to find support at 1.0845 and resistance at 1.0940, Monday’s high. Market participants were looking ahead to Thursday’s U.S. retail sales report for further indications on the strength of the economic recovery. The U.S. was also to release data on initial jobless claims.

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.

USD/CAD
USD/CAD touched session lows of 1.0891 and was last trading at 1.0906, unchanged for the day. The pair was likely to find support at 1.0845 and resistance at 1.0946, Friday’s high. Demand for the greenback continued to be underpinned by higher U.S. Treasury yields. The yield on the U.S. 10- year treasury note rose to 2.63% on Tuesday, its highest in a month.

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.

12Jun
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 12th June 2014

MARKET UPDATES :

  • SINGAPORE’S economic forecasters have lowered their 2014 inflation projections from a quarter ago even as they kept growth forecasts intact, a recent survey by the Monetary Authority of Singapore found. The median inflation forecast of the 23 economy watchers who responded to the central bank’s poll in late May fell to 2.2 per cent, from 2.8 per cent in the March edition of the survey.
  • SINGAPORE Telecommunications (SingTel)’s wholly- owned unit, Amobee, on Wednesday morning said it will be acquiring cross-channel digital advertising group Adconion and data analytics firm Kontera for over US$350 million, to build a one-stop digital advertising platform.
  • CONSTRUCTION group and property developer Tiong Seng on Wednesday signed a joint-venture (JV) agreement with two listed Japanese companies to manufacture and supply precast tunnel segments to the Singapore and Malaysia markets.

STOCK RECOMMENDATION :

  • BUY ORIENTAL CHINESE BANKING ABOVE 9.800 TG 9.900, 10.000, 10.120 SL 9.700

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

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