Daily Archives: June 13, 2014

13Jun

Comex Commodity Trading Signals and Market News –13th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell early in Asia on Friday on profit taking after a run-up overnight on geopolitical tension over Iraq. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,273.00 a troy ounce, down 0.08%, after hitting an overnight session low of $1,260.10 and off a high of $1,275.00.

Silver for July delivery was down 0.08% at $19.517 a troy ounce. Copper futures for July delivery were up 0.05% at $3.015 a pound.

Crude oil prices held gain into Asia on Friday as continued strife in Iraq underpinned concerns on supply. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $106.96 a barrel,up 0.40%, after hitting an overnight session low of $104.36 a barrel and off a high of $1,275.00, its highest settlement since September.

Natural gas futures shot up on Thursday after official data revealed that U.S. natural gas supplies rose less than expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.756 per million British thermal units during U.S. trading, up 5.49%. The commodity hit a session high of $4.759 and a low of $4.518. The July contract settled down 0.49% on Wednesday to end at $4.508 per million British thermal units.

• The price of a barrel of Brent oil, traded on the ICE Europe, settled at its highest level since September, climbing 2.8% to $113.02 a barrel, on Thursday.

• The base metals closed lower yesterday, with average losses of 1.2 percent, with the copper price falling the least, it was down 0. 3 percent at $6,673.75, but the others gave back more of their recent gains, with nickel down 2.4 percent at $18,250, the aluminium price off 1.6 percent at $1,866, the lead price down 1.2 percent, zinc off 0.7 percent and tin off 1.1 percent. As such, the markets did seem to have a reaction to the World Bank’s global outlook downgrade and it suggests the run-up in prices of late was largely driven by short-covering.

TRADING STRATEGY :

PLATINUM-COMEX has closed @ 1440.25. If it breaks the level of 1440, it can touch the level of 1432 & 1422 respectively. If it sustain above the level of 1465, it can touch the level of 1473, 1483 respectively.

  • SELL PLATINUM-COMEX BELOW 1440 TGTS 1432, 1422 SL 1450.
  • BUY PLATINUM-COMEX ABOVE 1465 TGTS 1473, 1483 SL 1455.

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

13Jun
forex-trading3

IForex Market Trading Signals and News of 13th June 2014

TRADING TIPS :

  • Forex – USD/CAD edges lower after mixed U.S. data
  • Forex – Dollar little changed vs. euro, yen after U.S. data
  • Forex – EUR/USD steady ahead of U.S. data

USD/CAD
USD/CAD dipped 0.06% to 1.0861, the lowest since June 2.
The pair was likely to find support at 1.0821, the low of May 30 and resistance at 1.0905, Wednesday’s high.
The Labor Department reported that the number of people filing for initial jobless benefits in the week ending June 7 increased by 4,000 to 317,000. The consensus forecast had been for a decline of 3,000.

USD/JPY
USD/JPY was almost unchanged at 102.01, holding above the more than one-week low of 101.85 struck in the previous session.
The Labor Department reported that the number of people filing for initial jobless benefits in the week ending June 7 increased by 4,000 to 317,000. The consensus forecast had been for a decline of 3,000

EUR/USD
EUR/USD was trading at 1.3536, not far from the four-month low of 1.3502 set last Thursday.
The pair was likely to find support at 1.3500 and resistance at 1.3601, Tuesday’s high.
The euro has weakened broadly since the European Central Bank cut all its main rates to record lows last Thursday and imposed negative

RECOMMENDATION :

1. Buy GBP/USD Above 1.6840- TG: 1.6870/ 1.6910 SL 1.6705
2. Sell GBP/USD Below 1.6790- TG: 1.6755/ 1.6720 SL 1.6830

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

13Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 13th June 2014

MARKET UPDATES :

  • CHANGI Airport Group (CAG) is rolling out a S$100 million Growth and Assistance Incentive (GAIN) programme, to be used to fund initiatives aimed at lowering costs for airlines, boosting passenger traffic and improving operational efficiency. This comes amid intensifying competition in the region and as the airport seeks to maintain its edge over rivals.
  • SHARES in semiconductor firm STATS ChipPAC fell by as much as 15 per cent on Thursday after it said that its discussions with a third party interested in taking over the company had been discontinued.Its share price fell to as low as 55.5 cents from the opening price of 65 cents.
  • THE Urban Redevelopment Authority (URA) will be doing more to encourage skyrise greenery in Singapore, said Minister of National Development, Khaw Boon Wan, in his latest blog post.
  • THE China subsidiaries of Hong Kong and and Singapore banks are facing low returns, due to strict regulatory restrictions and ongoing investment spend

STOCK RECOMMENDATION :

  • BUY WILMAR INTERNATIONAL ABOVE 3.230 TG 3.270, 3.310, 3.370 SL 3.160

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

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