Daily Archives: June 26, 2014

26Jun

Comex Commodity Trading Signals and Market News – 26 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell in Asia on Thursday in profit taking as investors still expect the U.S. Federal Reserve to unwind its asset purchase program on schedule. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,320.00 a troy ounce, down 0.20%, after hitting an overnight session low of $1,311.40 and off a high of $1,325.60.

Silver for September delivery was down 0.37% at $21.093 a troy ounce Copper futures for September delivery were up 0.04% at $3.167 a pound.

Crude oil prices gained in Asia Thursday as continued civil strife in Iraq keeps concerns of supply disruptions front and center. On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $106.72 a barrel, up 0.20%, after hitting an overnight session low of $105.50 a barrel and a high of $107.02 a barrel.

Brent oil on the ICE Futures Europe exchange fell 0.4% to $114.00 a barrel.

Natural gas futures rose on Wednesday after updated weather-forecasting models called for a return of typical summertime temperatures over much of the central and eastern U.S. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.580 per million British thermal units during U.S. trading, up 0.52%. The commodity hit a session high of $4.606 and a low of $4.533. The August contract settled up 1.97% on Tuesday to end at $4.556 per million British thermal units.

Base metals were looking to resume the upside momentum seen so far this week during Wednesday LME premarket trading, with most having challenged upside chart barriers in recent sessions on investment buying. n the metals the copper price got to within $5 of the $6,900 but then settled back at an unchanged $6,885. Warehouse stocks registered their 19th successive daily decline, falling a net 900 tonnes to 156,825 tonnes, the lowest once more since August 2008. The aluminium price jumped back above $1,900, touching $1,912, and then held at $1,910, up $14. Inventories registered their 22nd successive daily fall, with the 5,875- tonne decline taking the stockpile down to 5,066,250 tonnes. In others, the zinc price remains on hold below $2,200, with recent trade at $2,185 a $10 advance – stocks dropped 2,475 tonnes to 668,775 tonnes, the lowest since December 2010/ Lead was similarly stuck below $2,200 – it was last $4.50 lower at $2,179 – while inventories were down 350 tonnes at 192,175 tonnes. The nickel price rose $90 to $18,220 but the 474-tonne increase in inventories took the total to 305,862 tonnes, just 108 tonnes below last week’s all-time highs. Tin at $22,575 was unchanged, although stocks increased 255 tonnes to 11,100 tonnes, a seven-month high.

TRADING STRATEGY :

COPPER-COMEX has closed @ 3.1585. If it sustain above the level of 3.1770, it can touch the level of 3.1870 & 3.2020 respectively. If it breaks the level of 3.1270, it can touch the level of 3.1170, 3.1020 respectively.

  • BUY COPPER-COMEX ABOVE 3.1770 TGTS 3.1870, 3.2020 SL 3.1660.
  • SELL COPPER-COMEX BELOW 3.1270 TGTS 3.1170, 3.1020 SL 3.1380.

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

26Jun
Forex Signals

IForex Market Trading Signals and News of 26 June 2014

TRADING TIPS :

  • Forex – EUR/USD firms on dismal U.S. GDP data
  • Forex – GBP/USD erases losses but remains under pressure
  • Forex – Dollar broadly lower after weak U.S. data on GDP, durables

EUR/USD
EUR/USD was up 0.23% at 1.3638, up from a session low of 1.3600 and off a high of 1.3652.The pair was likely to find support at 1.3574, Monday’s low, and resistance at 1.3677, the high from June 6.The Commerce Department reported earlier that U.S. gross domestic product contracted at an annual rate of 2.9%in the first quarter of the year, far surpassing consensus forecasts for a decline of 1.7%.U.S. first-quarter GDP was initially reported to have increased by 0.1%, but was subsequently revised to show a contraction of 1.0%.The difference between the second and third estimate was the largest since records began in 1976, the Commerce Department added.A separate report showed that U.S. durable goods orders fell 1.0% in May, while core durable goods orders fell 0.1%. Market expectations had been for an increase of 0.2% and 0.4%, respectively.

GBP/USD
GBP/USD pulled away from 1.6952, the pair’s lowest since June 18, to hit 1.7000 during U.S. morning trade, up 0.09%.Cable was likely to find support at 1.6924, the low of June 18 and resistance at 1.7061, the high of June 20.The dollar came under pressure after the Commerce Department said gross domestic product contracted at an annual rate of 2.9% in the first three months of the year, compared to the consensus forecast for a decline of 1.7%.U.S. first quarter GDP was initially reported to have increased by 0.1%, but was subsequently revised to show a contraction of 1.0%.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7010- TG: 1.7030/ 1.7060 SL 1.6980
2. Sell GBP/USD Below 1.6960- TG: 1.6940/ 1.6910 SL 1.6990

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26Jun
SGX

Financial Sgx Singapore Stock Market Trading Picks And News – 26 June 2014

MARKET UPDATES :

  • THE Monetary Authority of Singapore (MAS) on Wednesday outlined proposed measures to define a systemically important bank (SIB) in Singapore. The proposed indicators will be based on the following four factors: size; interconnectedness; substitutability and complexity.
  • KEPPEL Land and its fund management arm, Alpha Investment Partners, have on Wednesday signed a sale and purchase agreement to sell Equity Plaza in Raffles Place for S$550 million to a consortium led by mainboard-listed GSH Corporation, controlled by Sam Goi.
  • WILMAR International said on Wednesday that it has closed the deal to buy Huntsman Corporation’s European commodity surfactants business. Financial details of the deal were not disclosed.
  • WATER treatment firm Hyflux, through its wholly-owned subsidiary Hyflux International, has signed a memorandum of understanding (MOU) with Banco Interacciones, Mexico’s leading infrastructure bank, to collaborate on water projects in Mexico.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION ABOVE 3.880 TG 3.930, 3.980, 4.060 SL 3.820

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