Daily Archives: June 30, 2014

30Jun

Comex Commodity Trading Signals and Market News – 30 June 2014

INTERNATIONAL COMMODITY NEWS :

Gold futures rose on Friday as the dollar fell amid market sentiment that the Federal Reserve will keep interest rates low well into 2015 despite comments from the head of the U.S. central bank’s St. Louis branch suggesting otherwise. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,319.50 a troy ounce during U.S. trading, up 0.19%, up from a session low of $1,313.60 and off a high of $1,323.10. The August contract settled down 0.42% at $1,317.00 on Thursday.

Silver for September delivery was down 0.10% at $21.140 a troy ounce, while copper futures for September delivery were down 0.18% at $3.166 a pound.

Crude futures edged lower in U.S. trading on Friday as investors continued to unwind positions that had priced in the possibility of major supply disruptions stemming from the bloody Iraqi insurgency. In the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in August traded at $105.61 a barrel during U.S. trading, down 0.22%. New York-traded oil futures hit a session low of $105.34 a barrel and a high of $106.18 a barrel. The August contract settled up 0.62% at $105.84 a barrel on Thursday.

Natural gas futures carried Thursday’s losses into Friday after official data revealed U.S. inventories rose more than markets were expecting last week. On the New York Mercantile Exchange, natural gas futures for delivery in August traded at $4.393 per million British thermal units during U.S. trading, down 1.09%. The commodity hit a session high of $4.466 and a low of $4.376. The August contract settled down 2.80% on Thursday to end at $4.441 per million British thermal units.

Base metals moved back into upside territory during Friday LME premarket trading, reversing an early drift when the copper market sped up to its highest since early-March, while the others again veered towards overhead objectives. The copper price got to within $16 of the $7,000 level at one stage, nickel hit its best for just over one week and aluminium , zinc and lead were all showing signs of retesting overhead resistance areas. The aluminium price was again struggling above $1,900 – prices have consistently failed to hold above that level this week. Business at $1,895 was $2 lower. Inventories recorded their 24th successive daily decline – down 6,550 tonnes at 5,053,875 tonnes, the lowest since October 2012. The zinc price hit $2,196.50, just $1.50 below the recent 16-month high, and then traded at $2,190, a $0.50 loss. There was a rare stocks increase – inventories rose 1,300 tonnes to 669,000 tonnes. Sister metal lead held at an unchanged $2,174, while stocks increased 1,500 tonnes to 193,400 tonnes. The nickel price saw technically based buying and traded at $18,820, down $30 – stocks were up 234 tonnes at 305,790 tonnes. The tin price at $22,350 was $75 lower, with stocks up 100 tonnes at 11,285 tonnes, the highest since November 2013.

• The ICE Futures Exchange in London, brent oil futures for August delivery were up 0.02% and trading at US$113.24 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$7.63 a barrel.

TRADING STRATEGY :

WTICRUDEOIL-NYMEX has closed @ 105.72. If it breaks the level of 105.50, it can touch the level of 105.00 & 104.20 respectively. If it sustain above the level of 106.76, it can touch the level of 107.26, 107.96 respectively.

  • SELL WTICRUDEOIL-NYMEX BELOW 105.50 TGTS 105.00, 104.20 SL 106.05.
  • BUY WTICRUDEOIL-NYMEX ABOVE 106.76 TGTS 107.26, 107.96 SL 106.21.

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

30Jun
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IForex Market Trading Signals and News of 30 June 2014

TRADING TIPS :

  • USD/JPY falls on renewed expectations for Fed to keep rates low
  • Forex – EUR/USD gains as dollar slips on Federal Reserve outlook
  • Forex – GBP/USD almost unchanged after U.K. data

USD/JPY
USD/JPY was down 0.33% and trading at 101.39, up from a session low of 101.32 and off a high of 101.73. The pair was expected to test support at 101.32, the earlier low, and resistance at 102.17, Tuesday’s high. On Thursday, St. Louis Federal Reserve President James Bullard told Fox Business Network that an improving economy may make conditions ripe for interest rates to rise possibly in early 2015.

EUR/USD
In U.S. trading, EUR/USD was up 0.16% at 1.3634, up from a session low of 1.3610 and off a high of 1.3643. The pair was likely to find support at 1.3576, Thursday’s low, and resistance at 1.3677, the high from June 6. The dollar fell on Friday after markets bet the Federal Reserve will keep interest rates low for some time to come.

GBP/USD
GBP/USD hit 1.7051 during European morning trade, the pair’s highest since June 20; the pair subsequently consolidated at 1.7033, inching up 0.04%. Cable was likely to find support at 1.6952, the low of June 25 and resistance at 1.7063, the high of June 19 and a five-year high.

RECOMMENDATION :

1. Buy GBP/USD Above 1.7050- TG: 1.7080/ 1.7110 SL 1.7020
2. Sell GBP/USD Below 1.7020- TG: 1.6990/ 1.6960 SL 1.7050

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

30Jun
sgx-asx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 June 2014

MARKET UPDATES :

  • JACKSPEED Corporation is selling its leasehold factory in Loyang Drive for S$6.5 million under its ongoing efforts to redeploy capital more efficiently. The leather and car accessories distributor signed an option-to-purchase agreement with buyer Tan Soon Huah Gas Supply on Friday.
  • Singapore’s capital markets are set for more rated bond issues as the city’s regulator considers ways to promote transparency and deepen the business.The Monetary Authority of Singapore has raised the issue in recent discussions with market participants,
  • NOMINATED Member of Parliament Teo Siong Seng, who is the managing director of Pacific International Lines (Pte) Ltd, has taken the helm of Singapore’s apex business chamber, the Singapore Business Federation (SBF).
  • GLOBAL Logistic Properties (GLP), a provider of logistics facilities, on Friday said Seek Ngee Huat has been appointed as chairman of the board with effect from July.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION LTD ABOVE 3.910 TG 3.970,4.100 SL 3.800

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

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