Daily Archives: June 19, 2014

19Jun

Comex Commodity Trading Signals and Market News –19th June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices continued slight gains into Thursday Asian trade with demand prospects in focus on Middle East tension and expectations of continued easy global monetary policies. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,278.40 a troy ounce, up 0.45%, after hitting an overnight session low of $1,266.60 and off a high of $1,275.70.

Silver for July delivery rose 0.71% at $19.918 a troy ounce. Copper futures for July delivery were up 0.03% at $3.067 a pound.

Crude oil prices rebounded in Asia on Thursday, taking note of continued strife in major oil producer Iraq and wider tension in the Middle East. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $105.87 a barrel, up 0.26%, after hitting an overnight session low of $105.37 a barrel and a high of $106.45 a barrel.

Brent oil on ICE Futures Europe rose 0.2% to $113.70 a barrel on Wednesday.

Natural gas futures fell on Wednesday as investors jumped to the sidelines to await Thursday’s weekly supply report. On the New York Mercantile Exchange, natural gas futures for delivery in July traded at $4.665 per million British thermal units during U.S. trading, down 0.93%. The commodity hit a session high of $4.773 and a low of $4.651. The July contract settled up 0.04% on Tuesday to end at $4.709 per million British thermal units.

Base metals were mostly trading lower on Thursday, mirroring the lacklustre performance of nickel from Wednesday. Nickel took the headline yesterday, with a hefty jump in warehouse inventories to all-time highs above 300,000 tonnes. Stocks surged a net 19,242 tonnes to 305,970 tonnes due to warranting of 4,176 tonnes in Johor, 7,098 tonnes in Rotterdam and 8,304 tonnes in Singapore. Copper again fluctuated either side of $6,700, with prices now lower together with the rest of the complex at $6,691 per tonne. This is $13 lower than Wednesday’s close at $6,710. Warehouse stocks dropped 525 tonnes to 160,675 tonnes, the lowest since August 2008. Aluminium lost $7 at the current $1,866 with inventories down 9,600 tonnes at 5,100,000 tonnes, the lowest since November 2012. Both lead and zinc has come down from their higher prices seen this week – Lead is now bid at $2,108, falling $15 overnight and zinc lost $9 as well to the current $2,124 per tonne. Tin at $22,469 is $131 lower than Yesterday’s close at $22,600 with a moderate stock increase of 15 tonnes to 10,895 tonnes.

TRADING STRATEGY :

NATURALGAS-NYMEX has closed @ 4.649. If it breaks the level of 4.601, it can touch the level of 4.561 & 4.502 respectively. If it sustain above the level of 4.772, it can touch the level of 4.812, 4.871 respectively.

  • SELL NATURALGAS-NYMEX BELOW 4.601 TGTS 4.561, 4.502 SL 4.646.
  • BUY NATURALGAS-NYMEX ABOVE 4.772 TGTS 4.812, 4.871 SL 4.727.

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

19Jun
forex-trading3

IForex Market Trading Signals and News of 19th June 2014

TRADING TIPS :

  • Forex – U.S. dollar edges higher against Canadian dollar before Fed
  • Dollar dips before Fed, sterling slips lower
  • Forex – Euro higher against pound after BoE minutes

USD/CAD
USD/CAD inched up 0.05% to 1.0866, from 1.0859 late Tuesday. The pair was likely to find support at 1.0821, the low of May 30 and resistance at 1.0905. The greenback remained supported after official data on Tuesday showed that U.S. consumer prices rose 0.4% in May from a month earlier, bringing the annual rate of inflation to 2.1%.

USD/JPY
USD/JPY was at 102.19, after rising as high as 102.31 earlier. The dollar remained supported after official Tuesday on Tuesday showed that U.S. consumer prices rose 0.4% in May from a month earlier, bringing the annual rate of inflation to 2.1%. It was the fastest monthly increase in inflation in more than a year, beating forecasts of 0.2

EUR/GBP
EUR/GBP was up 0.23% to 0.8004, recovering from the one-and-a-half year low of 0.7958 struck on Monday. The pair was likely to find support at 0.7958 and resistance at 0.8020.The euro pushed higher against the pound on Wednesday as the release of more dovish than expected Bank of England minutes tempered expectations for a U.K. rate hike

RECOMMENDATION :

1. Buy GBP/USD Above 1.7010- TG: 1.7040/ 1.7070 SL 1.6980
2. Sell GBP/USD Below 1.6920- TG: 1.6890/ 1.6860 SL 1.6950

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

19Jun
SGX2

Financial Sgx Singapore Stock Market Trading Picks And News – 19th June 2014

MARKET UPDATES :

  • LOSS-MAKING airline Tigerair Mandala will cease operating from July 1, its board announced on Wednesday.Tiger Airways has a 35.8 per cent stake in the bleeding Indonesia-based carrier; Saratoga Group and PT Cardig International are the other key shareholders.
  • PASSENGER car COE (certificate of entitlement) premiums continued to slide for a second tender, but there appears to be different reasons for the softness in Categories A and B.Cat A – for cars below 1,600cc and 130 hp – fell $1,301 to $61,899, while Cat B – for cars above 1,600cc or 130 hp – slipped $1,604 to $65,700.
  • THE Ministry of Law said on Wednesday it has formed an advisory committee on money-lending to review its regulatory regime. The committee will look into a cap on interest rates for money-lending loans, restrictions on the charging of fees by money-lenders; and a cap on the total amount of such loans taken out by each borrower.
  • THE Agency for Science, Technology and Research (A*STAR) and the Singapore Management University (SMU) will establish a centre, tapping on high performance computing technology, big data analytics and behavioural sciences, to study the human behaviour.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 44.000 TG 44.300, 44.600, 45.000 SL 43.700,

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

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